Topic: [ANN] PayPie - Blockchain-Powered Risk Assessment - page 95. (Read 109500 times)

15 October is ICO date.There will be a presale which will be announced in next 48 hours.Please join paypie Telegram and subscribe to email list on http://paypie.com if you don't want to miss it.

Guys, we are still performing some updates. Website will be up soon.

15 October is ICO date.There will be a presale which will be announced in next 48 hours.Please join paypie Telegram and subscribe to email list on http://paypie.com if you don't want to miss it.

Guys, we are still performing some updates. Website will be up soon.

so there it is a date,15th october is ok for me i have time to organize me for investment and don t miss the bonus,i will invest from the first day...

Is presale starting?

I checked website instantly but there is still the same.

It's an important hint.

Very Important Hint: if you have any tokens just sitting around and waiting to be traded to buy PPP, do it now! The time is now! Be ready

And if you take into account the arrival of Antonio in the team, it brings a lot of trust into the project. Quite hard to imagine that this project is a scam right now, and they covered some conferences.

Working fine for me but throwing SSL certificate error. Admins should secure their website by using a valid SSL certifiacte.

The date was already announced, you can check it on the website, it will be the 15th of October, so prepare for that date, you wouldn't want to miss the bonus in the pre-ico, it will be way better if you invest on time.

Great news, I respect his opinion. Where can I find complete information?

Sure, I believe the company is legitimate too. No doubt, there is no issue of scam. But this is not my point.
Every transaction involves risk, and a mechanism needs to be in place to significantly reduce, if not eliminate, such risk.
So far I really don't see any mechanism in place to deal with such risk.
Like I said before, it means nothing to do risk scoring and/or KYC on the SMEs selling the invoice, because they are not the weakest link.

PayPie is basically just trying to indirectly monetize its SlickPie customer base through blockchain.
Everything else is hype.
No doubt its customer base may grow.
But the issue here is the quality of the invoices that will be traded at PayPie market/platform/exchange.
How will PayPie try to prevent and/or recover any default?
Sure all transaction has risks, but if no mechanism is in place to reduce the risk, then you can bet things will 100% go out of control.
I say it again, risk scoring and/or KYC on the SMEs are irrelevant.

Edit:
The kind of competency I meant relates to legal competency, not accounting software competency.

Edit #2:
Waiting for the SMEs' invoices to default (and cause token holders to lose money) before we know who to stay away from, is a very bad approach.
If 1000 of SlickPie's customers unknowingly submit $100,000 worth of invoices to sell that will end up default, that translates to $100 million of loss.
And without any mechanism in place to enforce the quality of invoices to sell, SMEs (regardless of their credit scores) will naturally try to sell the ones with lowest chance of recovery.
And the worse part of PayPie's mechanism is that such junk invoices will actually be sold based on bidding process (!) as if the bidders would know any better.

Edit #3:
What makes Populous stands out is that there is no transfer of ownership of the invoices (unlike PayPie) and so the SME will still have obligation to do the recovery for the buyers.
And Populous shifts the weakest link from the entity-debtor to the SME-seller, put a risk scoring on it based on the proven Altman Z-score metric with insurance, guarantee, and/or debenture for safety.
No doubt Populous will have a much harder time trying to penetrate larger market share with such strict requirement, but rest assured most (if not all) invoices that will be traded at Populous will be high-quality stuffs.

Well, it's the presale which interest me, I would like to know about the bonus we will have if there is one.

I'm pretty sure many investors are excited and gearing up for PAYPIE's ICO becuase this is one of a kind and one of the best crypto project in 2017.

ICO is in 11 days 4 hours, no update needed.
But I guess you mean the presale, no update so far.

Still time for the pre-sale update. But I wonder if it is just a short announcement, one day sale and then go on to the ICO maybe?

Exact: the existence of a legit company is a huge plus (see OMG...)

I saw your post on Elix, and read others: your are truly one of the fews here with common sense and understanding of the crypto markets.
I am glad to see you on PayPie and Napoleon, both ICOs I am looking to at the moment.

Cheers.

ICO is in 11 days 4 hours, no update needed.
But I guess you mean the presale, no update so far.