Topic: [ANN] PayPie - Blockchain-Powered Risk Assessment - page 227. (Read 109500 times)
So you will need Paypie tokens to access different aspects of platform. Will you be able to buy your tokens directly in the platform with fiat, or you will need to transfer it from some exchange?
This project is good for bank to check company finance. Government will love this project too.
But many company have a bad business results will not like it. Think about when they need loan money from bank. In traditional way they will make a fake accounting balance sheet. Conversely, many company also are doing good but they need additional funding to expand and grow their business, then they can utilize PAYPIE's platform
so that they can obtain a good credit standing from their potential creditors.
Agree! and think more about future. My company can get money from a bank in other country just by prove My company finance on Paypie platform.
This project is good for bank to check company finance. Government will love this project too.
But many company have a bad business results will not like it. Think about when they need loan money from bank. In traditional way they will make a fake accounting balance sheet. Conversely, many company also are doing good but they need additional funding to expand and grow their business, then they can utilize PAYPIE's platform
so that they can obtain a good credit standing from their potential creditors.
This. Especially when a business needs an interim credit as soon as possible (for example to finish an order), I can imagine fast, even real-time, credit scoring like PAYPIE offers is a great thing. So creditors can help out.
This project is good for bank to check company finance. Government will love this project too.
But many company have a bad business results will not like it. Think about when they need loan money from bank. In traditional way they will make a fake accounting balance sheet. Conversely, many company also are doing good but they need additional funding to expand and grow their business, then they can utilize PAYPIE's platform
so that they can obtain a good credit standing from their potential creditors.
I thing they are going to sell them. If they burn them there won't be any coin on the market. If they hold them, they will get bankrupt because they won't earn any money at the end.
Project looks interesting and it was only a matter of time till someone brings the benefits of the blockchain in use. I'm just not 100% sure why a PPP token is needed. Wouldn't it be possible to access the PayPie platform by just paying for it (with BTC for example)?
PPP tokens will be required to interact with the smart contracts on which the PayPie platform will be built. PPP Token is the utility token which provides access to the PayPie platform for certain transactions and services. Each PPP Token grants the holder the right to access certain services including the purchase of invoices and access to credit histories of SMEs.What happens with the tokens spent to access the platform? Does the company keep them? Resell them?
What happens to the money you give a shopkeeper when you buy goods? The same thing will happen here.
I though so, was just wandering if there's a deflationary feature in this token.
This project is good for bank to check company finance. Government will love this project too.
But many company have a bad business results will not like it. Think about when they need loan money from bank. In traditional way they will make a fake accounting balance sheet. Often esp. small companies just need some short-term credit to bridge a liquidity shortage while waiting for their invoices getting paid. In this case a project like Paypie could really help these companies in purchasing these invoices and provide them quickly with money.
This project is good for bank to check company finance. Government will love this project too.
But many company have a bad business results will not like it. Think about when they need loan money from bank. In traditional way they will make a fake accounting balance sheet. In my country. Some small bank still give weak company loan. Because some bank worker need to reach their target. So they help weak company make fake finance data to have accept from bank.
This project is good for bank to check company finance. Government will love this project too.
But many company have a bad business results will not like it. Think about when they need loan money from bank. In traditional way they will make a fake accounting balance sheet. 
This project is good for bank to check company finance. Government will love this project too.
But many company have a bad business results will not like it. Think about when they need loan money from bank. In traditional way they will make a fake accounting balance sheet.
This project is good for bank to check company finance. Government will love this project too.
You had me at single ledger approach..... But, seeing as how making a decision based on one clever line of text would be irresponsible at best. I took a deeper look into this, overly technical, white paper. It's great to be thorough. My opinion, for what it's worth, is you should stay away from repetitive descriptions and make sure your investors don't need Academic knowledge in Fin-tech. I read white papers every day. It's part of my job. I find it a more enjoyable experience when I want to read through the white paper again, not when I have to, to understand it.
I agree. It is really hard to understand the technical aspects as an non technical orientated person. That's maybe a problem for me (and probably a lot of other ppl) which could be interested in the project topic but then don't understand it enough and will go on to the next project, because they then know what they invest in.
The video can be found here : https://www.paypie.com/
But i also agree with your opinion.
I just found out there's a bounty program for PayPie, I didn't see it before.
https://bitcointalksearch.org/topic/bounty-paypie-credit-risk-assessment-based-on-blockchain-accounting-2074162
Multiple rewards are being offered.
We have just increased the pay rates for signature participants.A lot of exciting things going to be announced in coming days https://bitcointalksearch.org/topic/bounty-paypie-credit-risk-assessment-based-on-blockchain-accounting-2074162
Multiple rewards are being offered.
I just found out there's a bounty program for PayPie, I didn't see it before.
https://bitcointalksearch.org/topic/bounty-paypie-credit-risk-assessment-based-on-blockchain-accounting-2074162
Multiple rewards are being offered.
We have just increased the pay rates for signature participants.A lot of exciting things going to be announced in coming days https://bitcointalksearch.org/topic/bounty-paypie-credit-risk-assessment-based-on-blockchain-accounting-2074162
Multiple rewards are being offered.
PayPie is scheduled to be officially launched in the first quarter of 2018 - I think that in the long term - investors will receive a huge profit, I'll assume that there will be large infusions
Every country utilize a certain form of analysis to determine credit worthiness. How else do you think individuals/businesses are able to acquire loans? It's defintely not because an applicant has a great smile or posses a witty personality. so yeah, no matter where you live, a form of credit analysis is in place.
Good thing you remind us of existing systems. It's not difficult to forget about the physical world once you've lived in the cryptosphere for a longer period. And the amount of repetition in the whitepaper has a hypnotizing effect.
Considering there are similar systems in place already that don't rely on blockchain tech, what do you think PayPie brings to the table?
Pretty exciting project so far. Really really curious to see how this all turns out. Seems like it could be huge in the long run. Could be really usefull in this space.
I don't think PayPie is exciting. Accounting is not exciting. The ICO will get all the money it needs without doubts. The project will be developed issuelessly and will work as expected - no thrills here either. And in the end, ICO investors will have contributed to a complex project, multiplied their investments excitinglessly. A boring success, if you ask me, but a success anyway.
I am an accountant and i can tell you that you are right (by the way i like my job). But beside being boring, accounting is always necessary and always bring good money. Yes accounting is a boring thing but at the end , it is going to make good money for investors, may be with a boring project but still good money.
I prefer to making good money in a boring project instead of bankrupting in an exiting project.
Boring part is not our part, it is devolopers and their customers part. Our part is to analyze this project will lose or win. I am going for a win. That's my opinion.
Pretty exciting project so far. Really really curious to see how this all turns out. Seems like it could be huge in the long run. Could be really usefull in this space.
I don't think PayPie is exciting. Accounting is not exciting. The ICO will get all the money it needs without doubts. The project will be developed issuelessly and will work as expected - no thrills here either. And in the end, ICO investors will have contributed to a complex project, multiplied their investments excitinglessly. A boring success, if you ask me, but a success anyway.
Project looks interesting and it was only a matter of time till someone brings the benefits of the blockchain in use. I'm just not 100% sure why a PPP token is needed. Wouldn't it be possible to access the PayPie platform by just paying for it (with BTC for example)?
PPP tokens will be required to interact with the smart contracts on which the PayPie platform will be built. PPP Token is the utility token which provides access to the PayPie platform for certain transactions and services. Each PPP Token grants the holder the right to access certain services including the purchase of invoices and access to credit histories of SMEs.What happens with the tokens spent to access the platform? Does the company keep them? Resell them?
What happens to the money you give a shopkeeper when you buy goods? The same thing will happen here.
Pretty exciting project so far. Really really curious to see how this all turns out. Seems like it could be huge in the long run. Could be really usefull in this space.
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