Topic: Bitcoin VS Bitcoin Paypers (Read 419 times)

this is just another ICO that is mostly usless : ) even if will relize.
I sadly many of current ICO have no clue what ey are trying to do.
THis one is example of future fail.

no

/end thread

Can anyone explain to me bitcoin payyers is what ?

It sounds very useless. They claim multiple times that there is a problem for people with "insufficient finances" and that the price is like "Bitcoin 7 years ago".
Are they trying to trick people that don't know that you can just buy a fraction of bitcoin (what is a problem with just buying 0.002 BTC ?).
If PAX coin will give you the same portion of profit that you would have if you bought BTC, then why would you bother? Just buy 0.002 BTC in the first place, you won't have to worry about there being other traders who will buy your PAX for BTC.
1. Why wouldn't you just buy a fraction of BTC?
2. Why wouldn't you be able to trade BTC on it's upward and downward trend? Buy if you think it will go up, sell if you think it will fall. You have none and think it will fall, then wait so you can buy at a low price. This only makes sense for people that think that BTC will just fall and nothing else.
3. If these is no 1 and 2, then there is no use for the PAX coin in the first place. If there is no use for it and you share profit just from people buying something with no value doesn't it sound like a type of pyramid scheme where all share equal profits together. Furthermore, I have a feeling that this is not true and that the ones who started it will earn more from the fees, probably from having more pregenerated PAX coins, so it would be identical to a pyramid scheme to it's creators.

PS: They claim more reasons for not using BTC like:
1. "geographical constraints" - so I assume that PAX will somehow be more accessible then BTC? Bigger adoption, why would it be? Makes no sense.
2. "fear of risk" - and this is somehow less risky? Let's see, if you buy bitcoins and the price falls, that is the worst case scenario for BTC. But if you buy PAX BULL whatever it is called and the price falls, which would be same as buying BTC, then not only you lose the same amount of BTC, but you have more in between which can cause problems, like no PAX buyers from small adoption, PAX team dumping their coins as an exit scam, maybe generating more PAX coins, who knows what they could do. Even if there is no risk in PAX itself,which would be the best case scenario, it would still be as risky as BTC.
3. "lack of knowledge" - I assume this is what you target in the first place. If they had any knowledge, they wouldn't use PAX in the first place.

Hello all,

First, we would like to thank all our supporters and members thank you for your trust in PayperEx network we are working very hard to reach our milestones.
The last few days since the PayperEx PAX presale become live. we have been asked many times the same questions regarding PayperEx network and PAX token and we want to explain in few simple words our product vision and the meaning of the new coin that we issued.
PayperEx going to be the world's first alternative share market and it's not just a marketing slogan.
The idea behind PayperEx has come from identifying the needs of many people who want to be part of the global share market but cannot for a variety of reasons:
lack of knowledge, fear of risk, insufficient finances, geographical constraints, etc.
We really think that we can build a decentralize trading network that transcends these limitations and provide the same trading opportunity to all traders all over the globe.
Our vision can become real only with the support from the crowd, otherwise, our technical knowledge amazing as it is will be useless.
Now a few words about the PAX, somehow, it seems that we are trying to compare between the PAX and the Bitcoin and it's not true.
Our new coin, the PAX, issued for one reason and It’s to let the crowd participate in our project and to become members of our network.
Yes, we believe that the PAX value will be worth more than his value today, but it's not the reason that we issued it.
We believe that the "Bitcoin Payper" that will be issued on the network, can be the replacement of the Bitcoin, of course in the sense of trading and not the sense of its uses.

How does it work?

Let's say that you believe that the Bitcoin is going to rise, so you decided to buy the "Bitcoin BULL Payper"
The "Bitcoin BULL Payper" price at the time of purchase is 100 PAX (equal to 0.002BTC).
According to the movements in the market, the price of the "Bitcoin BULL Paypers" rises to 150 PAX (equal to 0.003BTC).
If you sell your "Bitcoin BULL Payper" to another Payperex participate your profit will be 50 PAX (50%).
If you believe that Bitcoin is going to fall, you buy the "Bitcoin BEAR Payper" and profit if the price of the Payper goes up.

The main strength of the Paypers
1. The initial price will be low like the value of the Bitcoin 7 years ago.
2. The ability to trade on upward and downward trends.
3. Our unique Fee Share model - a portion of the fee that we will charge on the network will be paid back to the Paypers holders.

This is the idea behind our slogan
PayperEx - everyone deserved a second chance

Have a great weekend!!!

There are surely a good convenient in other things that let's you earn bitcoin in another kind of medium, it is really a sure nice things, but just what you have said the price is surely unpredictable if it's still gonna go up to the $5000 value mark then it is a good thing for the people that's gonna buy right now but if the price would just stay in this spot or drop then it is not a convenient choice to do!

You know you don't have to buy a whole bitcoin right? You can divide it in 100 million chunks that we call satoshis. There is no such thing as having money to buy some other coin, but not bitcoin. You can buy 1 cent worth of bitcoin if you wish. Only if you think that price will fall, then it is expensive.
If Bitcoin falls, I really don't see why some PAX coin would survive. Bitcoin is more developed, secure and adopted then all the other coins combined.
Most of these coins are there just because people can't accept that they missed out on a great profit from early on, but there is still profit left to be made in bitcoin, there is no reason why it would come this far and crash now.
I really don't think there is a real decentralized coin with lower risk then Bitcoin. You are free to invest in whatever you want, but I am just telling you that you will get burned. Don't be greedy, see the market as it is.

You need to understand the potential of the network and decide if you want or don't want to invest in it. the price of Bitcoin is very high and the volatility even higher. not everyone got the money to invest in bitcoin  or willing to take such big risk that bitcoin will crush. Price of 1 Payper will be 100 PAX ( around $8) add to that the option of profit from downtrend in bitcoin and increasing value of the PAX token, I personally believe it is good investment with lower risk than bitcoin and promising upside.

Like I said, you just have to trust in something that should follow the value of bitcoins.
But bitcoins always follows the value of bitcoins and do it in a trustelss and secure way and you can send them across the world easily. They are also more accepted as payment then those shares and you can use them in multisigs.
There is really no benefit for them to bitcoins, just a cost.
All right, a pyramid scheme rewards the ones that get new users, not all, this one is like a communist pyramid scheme, my bad
The point is that there is no value behind it, just a promise of exchanging it back to bitcoins I guess. But it is easier and more secure to just have bitcoins.

You are misleading the people here. did you read the whitepaper? nothing that you mentioned here or you didn't understand.
The PAX token is NOT the product, the PAX in the token will be used to buy Paypers (shares) I believe there will be correlation between the bitcoin and the bitcoin Paypers. so if bitcoin will rise you will profit from buying bitcoin Bull paper if bitcoin will fall you can profit from bitcoin Bear papers (you can't do short on regular bitcoin) and as for the dividend you are wrong again. the dividend is not  for a % of new members , everyone that hold Paypers will get X% fee share back meaning X % from the fee collected will go back to the users regardless their activity. 

It is like Bitcoin, but without any benefits of Bitcoin
It is not decentralized, not secure, not trustless, not anonymous, not possible to send across the world, not able to use multisig,...
And the dividend is as much of a dividend as the pyramid scheme. You get a % of new members.

I guess you need to see the vision and the big picture, most of the biggest successful projects in the world started with questions like you ask (I am not saying your questions are not legit) . but this is the thing behind good investment to see the big picture and to understand the potential..

I do have the same views too, I don't see anything that there would be a competition among the two and theres nothing really new on this one.Even I can say that there are not relations on this matter. Why would bother?

It's not the same at all, the Idea behind this network is exactly what the NYSE is not. low entry level everyone can trade it from all over the world, the network is going to share some of their profits form fee with the members, you can profit from falling or rising bitcoin etc.

If this become succesful it could change the realm for BTC Pax has a lot of advantage, But BTC is known for a long time now it is hard to compete with BTC

Isn't this what New York stock exchange is for? Bitcoin index has been listed there for years now.
https://www.nyse.com/quote/index/NYXBT

I don't see why this would be any sort of competitor for BTC in the future. They offer nothing new or groundbreaking.

You can read more here: https://payperex.com/faq/#payper

What is Bitcoin Paypers?

Can Bitcoin be replaced buy Bitcoin Paypers?
Did you hear abut PayperEx network? they are going to issue Paypers (shares, stocks, units) users can buy it and profit from rising or falling Bitcoin .
there will be also sort of dividend payable for holding the Paypers