Just to clarify, myself (and others in this thread) are not calling 'scam' - *some* of the posts here are but not all. And I do believe that some of the negative posts are from the competition, no doubt in my mind about that.
The point I was making (and others) is that whilst there is no sign of wrong-doing, at the very least, there is a corporate governance issue which needs to be addressed. It won't go away.
None of the subsequent replies appear to be 'playing-the-ball' on this and are instead trying to play-the-player.
And FYI - you don't need to execute an exit from a scam or ponzi (again, not proposing PPT is such) if the scheme becomes so big, profitable and dare I say it 'un-touchable' there is absolutely no need for an exit. The biggest and best schemes littered down history had no exit plan, they just keep on going until there is an 'event'.
Taking a risk based approach to investment you could argue, if the supposition in the steem video is correct (and it has not been proven that it is), that the risk of such a future 'event' is far higher for PPT than it otherwise should be. This is what good governance helps protects investors from.
Topic: [ANN] POPULOUS WORLD - Invoice trading platform - PPT - page 82. (Read 277232 times)
I am sorry to say this, but you are quite............. not smart.
1. A scam that is longer term will be harder to operate.
2. A scam that is shorter term will be easier to operate.
3. Bitconnect was not operated to be short-term.
Go meditate on the 3 points above until you reach enlightenment.
Update:
I believe they are not eyeing for $10 mil.
I suspect they are eyeing for multi hundreds of million to a few billion.
If you are okay with selling one hype after another is fine and dandy (ref: Populous), that's your preference.
If you are okay with absolutely no selling of any hype whatsoever is fine and dandy (ref: Veritaseum), that's okay too.
It shows that you do not have a firm stance in this.
But I personally prefer a project that does not sell one hype after another.
You guys are giving Steve Nico too much of a doubt.
It's not like you guys would give others the same level of treatment.
I see only bias in your thought process.
I said:
Quote
The easiest ICO scam is to raise funds and then disappear with the funds. Nico did not do this.
You said:
Quote
I disagree.
Now you say:
Quote
I am sorry to say this, but you are quite............. not smart.
1. A scam that is longer term will be harder to operate.
2. A scam that is shorter term will be easier to operate.
3. Bitconnect was not operated to be short-term.
Go meditate on the 3 points above until you reach enlightenment.
While you're sitting at your computer thinking about how smart you are, why don't YOU go meditate on your own contradiction?1. A scam that is longer term will be harder to operate.
2. A scam that is shorter term will be easier to operate.
3. Bitconnect was not operated to be short-term.
Go meditate on the 3 points above until you reach enlightenment.
Quote
I believe they are not eyeing for $10 mil.
I suspect they are eyeing for multi hundreds of million to a few billion.
Give Nico a little credit. Again, in this day and age, how would one steal $100M or more in a high profile way such as this and manage to live it up somewhere fairly pleasant? I don't think it can be done. The *best* someone like Nico could do is take a few million, buy a modest home in some semi-rural South American town or some island and live out the rest of his life without working. No one can pull of the kind of scam you're talking about and actually enjoy the money with mansions, fancy cars, yachts, etc.I suspect they are eyeing for multi hundreds of million to a few billion.
See, it seems you don't want to use the logic that you're such a big fan of and look at the big picture.
It's not enough to take a few elements of doubt and create a whole narrative about fraud and scams unless the other pieces of the puzzle fit. If PPT is a scam it is a well thought out one. Scams in general are pretty simple in concept, but to pull one off you need not only to execute the scam itself but engineer an exit and a way to enjoy the spoils. No one has yet to propose a viable theory for the scam itself (since it's clear $10M+ wasn't "enough" or the exit). Meditate on that.
How real is that Jack Lee appointment can be determined by contacting the real Jack Lee directly for clarification.
Dorkie he said he has "completed my advisory tasks" thats why he is resigning
I know. I mean clarification from the real Jack Lee that he was indeed appointed for a temporary role as an advisor to Populous.
How real is that Jack Lee appointment can be determined by contacting the real Jack Lee directly for clarification.
Dorkie he said he has "completed my advisory tasks" thats why he is resigning
How real is that Jack Lee appointment can be determined by contacting the real Jack Lee directly for clarification.
I didn't know the Luxure deal was off.
It was fake anyway.
Luxure deal is a hype created to pump the price.
Like I said before, Steve needs to live up to each hype that he created.
Creating that PXT token was an easy part.
Living up to the Luxure fake deal is a super challenging part, and thus was called off, or whatever.
The excuse was that Luxure will create its token.
But I suspect there will be no Luxure token whatsoever.
If anyone wants to blame the "failed" fake deal, Steve can put the "blame" on Luxure.
If Luxure wants to do its own ICO, it will create another set of ICO fakery, just like one of Adeyemi bros' doctailor.
The more fakery being put up, the more hypes need to be created, the more investors will be cheated, the more people will be coming after the criminal culprit.
It was fake anyway.
Luxure deal is a hype created to pump the price.
Like I said before, Steve needs to live up to each hype that he created.
Creating that PXT token was an easy part.
Living up to the Luxure fake deal is a super challenging part, and thus was called off, or whatever.
The excuse was that Luxure will create its token.
But I suspect there will be no Luxure token whatsoever.
If anyone wants to blame the "failed" fake deal, Steve can put the "blame" on Luxure.
If Luxure wants to do its own ICO, it will create another set of ICO fakery, just like one of Adeyemi bros' doctailor.
The more fakery being put up, the more hypes need to be created, the more investors will be cheated, the more people will be coming after the criminal culprit.
You're trying too hard to create FUD and its obvious.
Take a minute to read this: https://medium.com/@BitPopulous/populous-legal-and-operational-review-feb-2018-586c85a4dfd6
This is Jack Lee. I gave advice to Populous on their proposed invoice discounting / factoring process so that the company could consider if this should be modified to match with market practices. For those recent postings on the web regarding the background of Populous' founder, please do your own diligence and judgment before making any decision as I am not going to reply any further inquiries.
I have provided my professional advice on invoice discounting / factoring process for Populous’ consideration. Since I have already completed my advisory tasks, today (Feb 12) I have resigned from the Honourable Advisor position of Populous.
I take this opportunity to thank you for the cooperation extended to me by the company.
https://cdn-images-1.medium.com/max/800/1*tShsyDP4vewg-1rNFvSndw.jpeg
https://medium.com/@BitPopulous/populous-legal-and-operational-review-feb-2018-586c85a4dfd6
I didn't know the Luxure deal was off.
It was fake anyway.
Luxure deal is a hype created to pump the price.
Like I said before, Steve needs to live up to each hype that he created.
Creating that PXT token was an easy part.
Living up to the Luxure fake deal is a super challenging part, and thus was called off, or whatever.
The excuse was that Luxure will create its token.
But I suspect there will be no Luxure token whatsoever.
If anyone wants to blame the "failed" fake deal, Steve can put the "blame" on Luxure.
If Luxure wants to do its own ICO, it will create another set of ICO fakery, just like one of Adeyemi bros' doctailor.
The more fakery being put up, the more hypes need to be created, the more investors will be cheated, the more people will be coming after the criminal culprit.
Update:
Now that the PXT hype is fulfilled, Steve has a new challenge in place for him in the future -> how to utilize those PXT token into the Populous platform.
This will create another level of complexity for the Adeyemi boys to satisfy.
It's a tough life to be a scammer.
Being honest is way much easier.
It was fake anyway.
Luxure deal is a hype created to pump the price.
Like I said before, Steve needs to live up to each hype that he created.
Creating that PXT token was an easy part.
Living up to the Luxure fake deal is a super challenging part, and thus was called off, or whatever.
The excuse was that Luxure will create its token.
But I suspect there will be no Luxure token whatsoever.
If anyone wants to blame the "failed" fake deal, Steve can put the "blame" on Luxure.
If Luxure wants to do its own ICO, it will create another set of ICO fakery, just like one of Adeyemi bros' doctailor.
The more fakery being put up, the more hypes need to be created, the more investors will be cheated, the more people will be coming after the criminal culprit.
Update:
Now that the PXT hype is fulfilled, Steve has a new challenge in place for him in the future -> how to utilize those PXT token into the Populous platform.
This will create another level of complexity for the Adeyemi boys to satisfy.
It's a tough life to be a scammer.
Being honest is way much easier.
Man enough with the trolling. Multiple noobie accounts
This is Jack Lee. I gave advice to Populous on their proposed invoice discounting / factoring process so that the company could consider if this should be modified to match with market practices. For those recent postings on the web regarding the background of Populous' founder, please do your own diligence and judgment before making any decision as I am not going to reply any further inquiries.
I have provided my professional advice on invoice discounting / factoring process for Populous’ consideration. Since I have already completed my advisory tasks, today (Feb 12) I have resigned from the Honourable Advisor position of Populous.
I take this opportunity to thank you for the cooperation extended to me by the company.
PPT isn't the only crypto out there lol. I'll put my gains into other cryptos.
They've missed the Beta deadline 4 times and the Luxure deal got cancelled. Why would I stay invested in something which is clearly going downhill?
[/quote]
Populous will have the best performance in 2018 of all coins. Buy quality ! The FUD kicked you out, somebody else is happy to have your tokens now...
You are not the first one who sold the golden egg and bought a lame duck - good luck
Also you should show a little more respect for the person that gave you that big return, without him where would be now? If I follow your sick logic you
should give your profits back. LOL
[/quote]
You don't understand investing do you? Who stays on a sinking ship lol. Carillion plc is a perfect example. Investors made a 500% return on Carillion stocks as it was a great business/idea, as was Populous. The moment it started showing warning signs the smart investors got out, and anyone daft enough to stick around got burned.
Just because something was a smart investment doesn't mean it will always be a smart investment.
[/quote]
Okay understand you think that ship is sinking ? Its far from sinking, it even has not startet yet (no reason to jump from the ship) it is at a early stage and will successfull for years to come.
You sold your token for 50-70USD, right ?
I tell what I would do to reduce risk: I would buy my token back(the original number at 30usd(better 25 if it ever will go that low again) to be in the game again.
Now I would invest the remainig money that was earned with PPT and invest in whatever I have choosen as next investment.
They've missed the Beta deadline 4 times and the Luxure deal got cancelled. Why would I stay invested in something which is clearly going downhill?
[/quote]
Populous will have the best performance in 2018 of all coins. Buy quality ! The FUD kicked you out, somebody else is happy to have your tokens now...
You are not the first one who sold the golden egg and bought a lame duck - good luck
Also you should show a little more respect for the person that gave you that big return, without him where would be now? If I follow your sick logic you
should give your profits back. LOL
[/quote]
You don't understand investing do you? Who stays on a sinking ship lol. Carillion plc is a perfect example. Investors made a 500% return on Carillion stocks as it was a great business/idea, as was Populous. The moment it started showing warning signs the smart investors got out, and anyone daft enough to stick around got burned.
Just because something was a smart investment doesn't mean it will always be a smart investment.
[/quote]
Okay understand you think that ship is sinking ? Its far from sinking, it even has not startet yet (no reason to jump from the ship) it is at a early stage and will successfull for years to come.
You sold your token for 50-70USD, right ?
I tell what I would do to reduce risk: I would buy my token back(the original number at 30usd(better 25 if it ever will go that low again) to be in the game again.
Now I would invest the remainig money that was earned with PPT and invest in whatever I have choosen as next investment.
Everything will be answered soon, I still hold to hold PPT when I get from ICO, and if I sell now of course I get a big profit but I'm sure this project is not a scam.
Yes of course not swindle, this project already allowed to earn on start to investors. Also allowed to leave in good profit to participants. Now on noise the price allows to buy those who else wants to make it. And there is it it is useful that weak hands threw coins and left. What I think people are missing ok. Even if they get this thing of the ground. That’s the built of. Who is going to use it? The luxure deal is off. The whole setup is massively confusing with likens and ppt token and pxt tokens. Your local plumbing shop who needs to sell a few invoices to keep things going is going to look at all this and simply go to hard. To get this thing off the groundnd work it’s going to take a intensive marketing plan where you sell it to businesses. People don’t believe in change and often are just happy to pay more to keep it simple.
This is valued like it is going to work and work well. Anyting less will tank it.
This is valued like it is going to work and work well. Anyting less will tank it.
The value is in the invoice selling idea as much as the technical network being established. PPT isn't for the local plumber... its for Corporations, Institutions and eventually nation states. This is the carrot that holds so many despite the FUD. I see the concern and negativity of the Luxure deal as somewhat offset by Luxure's intention to create their own coin. So the Luxure FUD has a somewhat plausible explanation. Not totally vindicating but somewhat so. The fact that PPT is approx 1 year ahead of the competition allows forgiveness in schedule and set back FUD. His conviction is troubling but not a deal breaker. I say that because to attempt something so bold as to swindle millions in broad daylight, while presenting a product implies one of two things...1) a completely misunderstood changed man who has integrity if not the best business skills... or 2) a completely crazy devious person to think there's some sort of reward in being criminalized for the rest of his life. So the personal FUD is not so easily accepted. Now there is a number 3 here that no one is really addressing and that's whether or not he has the actual skill to create this extremely complex aggressive platform as suggested. Here is where my FUD resigns if anywhere... 'is he capable of creating this product'... not as much 'is he of honorable motives' So yes, I have some concerns but the suggestion that this is some sort of out in the open elaborate scam isn't one of them.
One more thing... I didn't see any over hyping or even PPT marketing regarding the Coinspot addition. Again, an argument for a lacking business savvy, not deceit. If the idea is good enough and the tech is sound the product will sell itself... and perhaps that's what's going on here.
Populous is the biggest scam lol. But I didn't realise till a few weeks back and I sold at 600k sats so I'm laughing because I made a huge profit and got the hell off of a sinking ship.
Thats good weak hands needs to get out :-)
You will buy back when its 100$ ?
Big investors accumulate since weeks.
https://etherscan.io/token/Populous?a=0xfe9e8709d3215310075d67e3ed32a380ccf451c8
I'll never buy back. I made a big return and now I've sold. I'll sleep soundly at night knowing I haven't put my trust in a convicted fraudster.
PPT isn't the only crypto out there lol. I'll put my gains into other cryptos.
They've missed the Beta deadline 4 times and the Luxure deal got cancelled. Why would I stay invested in something which is clearly going downhill?
Populous will have the best performance in 2018 of all coins. Buy quality ! The FUD kicked you out, somebody else is happy to have your tokens now...
You are not the first one who sold the golden egg and bought a lame duck - good luck
Also you should show a little more respect for the person that gave you that big return, without him where would be now? If I follow your sick logic you
should give your profits back. LOL
You don't understand investing do you? Who stays on a sinking ship lol. Carillion plc is a perfect example. Investors made a 500% return on Carillion stocks as it was a great business/idea, as was Populous. The moment it started showing warning signs the smart investors got out, and anyone daft enough to stick around got burned.
Just because something was a smart investment doesn't mean it will always be a smart investment.
What I think people are missing ok. Even if they get this thing of the ground. That’s the built of. Who is going to use it? The luxure deal is off. The whole setup is massively confusing with likens and ppt token and pxt tokens. Your local plumbing shop who needs to sell a few invoices to keep things going is going to look at all this and simply go to hard. To get this thing off the groundnd work it’s going to take a intensive marketing plan where you sell it to businesses. People don’t believe in change and often are just happy to pay more to keep it simple.
This is valued like it is going to work and work well. Anyting less will tank it.
This is valued like it is going to work and work well. Anyting less will tank it.
The value is in the invoice selling idea as much as the technical network being established. PPT isn't for the local plumber... its for Corporations, Institutions and eventually nation states. This is the carrot that holds so many despite the FUD. I see the concern and negativity of the Luxure deal as somewhat offset by Luxure's intention to create their own coin. So the Luxure FUD has a somewhat plausible explanation. Not totally vindicating but somewhat so. The fact that PPT is approx 1 year ahead of the competition allows forgiveness in schedule and set back FUD. His conviction is troubling but not a deal breaker. I say that because to attempt something so bold as to swindle millions in broad daylight, while presenting a product implies one of two things...1) a completely misunderstood changed man who has integrity if not the best business skills... or 2) a completely crazy devious person to think there's some sort of reward in being criminalized for the rest of his life. So the personal FUD is not so easily accepted. Now there is a number 3 here that no one is really addressing and that's whether or not he has the actual skill to create this extremely complex aggressive platform as suggested. Here is where my FUD resigns if anywhere... 'is he capable of creating this product'... not as much 'is he of honorable motives' So yes, I have some concerns but the suggestion that this is some sort of out in the open elaborate scam isn't one of them.
Populous is the biggest scam lol. But I didn't realise till a few weeks back and I sold at 600k sats so I'm laughing because I made a huge profit and got the hell off of a sinking ship.
Thats good weak hands needs to get out :-)
You will buy back when its 100$ ?
Big investors accumulate since weeks.
https://etherscan.io/token/Populous?a=0xfe9e8709d3215310075d67e3ed32a380ccf451c8
I'll never buy back. I made a big return and now I've sold. I'll sleep soundly at night knowing I haven't put my trust in a convicted fraudster.
PPT isn't the only crypto out there lol. I'll put my gains into other cryptos.
They've missed the Beta deadline 4 times and the Luxure deal got cancelled. Why would I stay invested in something which is clearly going downhill?
Populous will have the best performance in 2018 of all coins. Buy quality ! The FUD kicked you out, somebody else is happy to have your tokens now...
You are not the first one who sold the golden egg and bought a lame duck - good luck
Also you should show a little more respect for the person that gave you that big return that let you sleep so well, without him where would be now? If I follow your sick logic you
should give your profits back. LOL
The shop doesn't have to use those and the platform design is simple.
What I think people are missing ok. Even if they get this thing of the ground. That’s the built of. Who is going to use it? The luxure deal is off. The whole setup is massively confusing with likens and ppt token and pxt tokens. Your local plumbing shop who needs to sell a few invoices to keep things going is going to look at all this and simply go to hard. To get this thing off the groundnd work it’s going to take a intensive marketing plan where you sell it to businesses. People don’t believe in change and often are just happy to pay more to keep it simple.
This is valued like it is going to work and work well. Anyting less will tank it.
This is valued like it is going to work and work well. Anyting less will tank it.
Populous is the biggest scam lol. But I didn't realise till a few weeks back and I sold at 600k sats so I'm laughing because I made a huge profit and got the hell off of a sinking ship.
Thats good weak hands needs to get out :-)
You will buy back when its 100$ ?
Big investors accumulate since weeks.
https://etherscan.io/token/Populous?a=0xfe9e8709d3215310075d67e3ed32a380ccf451c8
I'll never buy back. I made a big return and now I've sold. I'll sleep soundly at night knowing I haven't put my trust in a convicted fraudster.
PPT isn't the only crypto out there lol. I'll put my gains into other cryptos.
They've missed the Beta deadline 4 times and the Luxure deal got cancelled. Why would I stay invested in something which is clearly going downhill?
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