Here's what Steve said on Twitter regarding the role of PPT on the platform:
"In short, PPT is used as collateral against the fiat liquidity pool"
Smitty, you were correct.
Yep, I'm glad they will be doing an educational post on how PPT works within the platform. We all have been asking questions just to be a little more educated on our investment that's all and not to stir up garbage. So happy they have listen and can put this to bed. Honestly, by doing this will only increase the demand for PPT as people will understand how important it is to own PPTand the true utility value it holds. PPT to the moon. I gotta say made my sunday morning with that response I got from Populous on my tweet to them. First and only response I've ever received from them and it was a beauty!!! Populous Caribbean Cruise!
Ahhh...it makes sense...and the reason why Steve said they need the high market capitalization # is because the PPT is used as collateral and will have to equal demand/FIAT and Steve is "planning for success" according to his interview with Clif. So, if demand is 1B in ppl selling invoices then PPT must be at $30 with 33M in PPT in the platform as an example. PPT can set the price within the platform to meet the demand as well in the smart contract. PPT to the 🌙
Right, and that doesn't include speculation of the coin.
Speculation will drive the coin up much higher/faster.
Including but not limited to, PPT supply being locked up in invoice collateral for blocks of months depending on the users appetite for growth. In plain english, a majority of holders love the passive income stream aspect and will keep holding for this which will drive the on-demand price up for these coveted magic beans and thus the income stream will continually grow every month as the price discovery adjusts. Sorry mate, $30 is blasphemy at this point.
Hahahaha...I know. $30 was a random starting number for noobs to grasp the concept without hyperventilating when the price will be anywhere from $250-$500 or a lot higher once this baby takes off! Can't wait
I watched the Clif High video again to see if I could learn more.
The real key to PPT's success lies in the fact that Steve created a proprietary software program that automatically scrapes potential clients around the UK (and I'm guessing other parts of the world eventually).
This allows Populous to scale very quickly.
In other words, we won't have to wait weeks or months for clients to start using Populous - it will be an automated process.
Now that we've all worked together to find out exactly what role PPT plays in the system, I have one final concern:
Get this coin on the big exchanges already!!!
