I used to root for Populous but since I sold all my PPT I realize how 'meh' this project is so far. SALT has barely been on the market for any time and has already gathered more attention than this. The 1 billion dollar company shit is BS aswell, sure they may have sealed that deal but I don't see any proof of that and also why include that they have a revenue of 1 billion? As if that 1 billion will be traded in populous, at best you might see one invoice on the market from this company for a year aha
Team = meh
Website = meh
Marketing = meh
Communication = meh meh meh
It's all average. There's so many better projects out there at the minute to invest in and make money. Wheres the new website? Wheres the listing on other exchanges??
I have been trying my best to suss out this company for the last couple of weeks. Let me know if you agree or if you have conflicting views.
1. [RE: Team = meh] It looks like Steve Nico Williams has a bit of bat rep. There are a couple of sites that say he is not an honest business man and may be a scammer. I don't believe this but hey.. I don't know how to disprove this either. I think the team on the website is not true and that they must have hired a company with NDA to do development and coding for the platform. Would really like confirmation. The excuse or reason for the non-transparency is because of fear that competition will try to rip off their concept and business. It would be nice to know if they have contracted another company for dev. I want to know the number of staff working on the various arms of the Populous Platform business, and milestone updates, even if details are hidden since it isn't an open source project.
2. [RE: Website = meh] It is in the middle of an update but still could use a revamp in terms of visual design and investment into UI/UX is always worth it, as seen by iPhone's success.
3. [RE: Marketing = meh] They apparently contracted with a marketing company. I would like to know the scope of this engagement and what the marketing company's job will be and what we could expect from them.
4. [RE: Communication = meh] Could be better. I would like for a communication manager to be added to the team to constantly engage with and grow a community.
I still think that this company will have a working product quite soon and there is potential of something really good and profitable. It is similar to Bitconnect, but they have a transparent revenue stream unlike the mysterious trading bot for Bitconnect. However, I have so many "hopes" for Populous. I hope the website and UI will improve. I hope they become transparent with staff members. I hope their marketing team is worth the money. I hope they keep adding invoice sellers. I hope communication improves to grow a community. I hope it isn't a scam. I hope the large exchanges list PPT. I am personally feeling about 75% confident in PPT.
Yeah I agree with most of what you are saying.The lack of transparency reasoning, nah I don't agree with that - two other companies are now on the market and are doing the same thing. Nico even said in an interview that he was not going to patent this idea so there isn't much to keep secret about what they're doing and 2) they don't seem to care if others do the same. Before they took down the website you could see the team - nothing amazing to be honest. They have one developer who also works in another company doing some programming. I would like for a new startup company who don't even having a product yet to have a dedicated development team and not just one guy who works on Populous while he's not working his normal 9-5 job - that is amateur. Nico himself has a degree in Philosophy so that doesn't add very much credibility. Once the website is up once again you will see for yourself that the team is like a normal bunch of guys and some advisers who don't reference populous on their linkedin pages at all.
The website is also amateurish, look at all the good projects out nowadays and they have state of the art websites, the populous website and alpha were something I could have literally developed myself after 3 months into my computer science degree - they could have easily hired a professional to do this website from the get go like everybody else.
Don't care about the marketing company, we will have to see where that goes and as for the communication - it needs to be improved so much. The last we heard from populous was "1 billion dollar company" and hitBTC and boom gone for weeks.
Populous idea is good, but not sure I would invest any money again in hopes it will be successful.
The hate may also start to poor in with the usual crap i.e You're a newbie account, nothing you say is true, FUD - you want to push the price down to buy no (no thanks), you're mad because you didn't get in in the ICO etc etc but whatever haha.
Once the beta is released and I see active invoices and I see quality of this project improve thus improving investor confidence I would buy back into populous but right now uncertainty is a no go. And when investors see "FUD" on here they like to shout and scream but why do they act like that? Say for instance the "FUD" deters potential buyers, why would investors in PPT who are so certain about this companies success care about criticism in the long run? Wouldn't that just allow them to buy more PPT and potentially be wealthier in the future