[ANN] POPULOUS WORLD - Invoice trading platform - PPT

[Konthol Ngaceng]

Hey guys! did not quite understand you. consider this project not promising?

The PPT project is very promising, everyone regrets it because it sold cheap PPT a few months ago, I'm also sorry for selling more than 3000 PPT at a price of 80k satohsi last october, and is now considering to buy again.

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[HodlThroughTheStorm]

PPT is one is the most ambitious projects on the market. Verry promising in my opinion Bitcoin is down to 8k - 9k so naturally that will drag the usd valuation of everything down. PPT has actually been outperforming Bitcoin for some time now. If bitcoin were back toward 15k (and i think it'll bounce back there verry soon) PPT would already have a valuation well over $100USD

[Anycryptos]

PPT is one is the most ambitious projects on the market. Verry promising in my opinion Bitcoin is down to 8k - 9k so naturally that will drag the usd valuation of everything down. PPT has actually been outperforming Bitcoin for some time now. If bitcoin were back toward 15k (and i think it'll bounce back there verry soon) PPT would already have a valuation well over $100USD

it's down in sat value too.

[naaktslak5]

the launch of the beta will take a month. source: slack

[bnml]

the launch of the beta will take a month. source: slack

Kidding me?

[naaktslak5]

the launch of the beta will take a month. source: slack

Kidding me?

no, nico said they need another month.

[bnml]

the launch of the beta will take a month. source: slack

Kidding me?

no, nico said they need another month.

LoL ok if that's the case then I'm out of Populous haha, fkng joke

[eindbaasje]

the launch of the beta will take a month. source: slack

Kidding me?

no, nico said they need another month.

LoL ok if that's the case then I'm out of Populous haha, fkng joke

I was secretly hoping for this delay to happen.
It would be to our disadvantage to release it now. Here's why:
- These weeks of crypto FUD / news is exhausting everyone, and taking the wind out of alts.
- Bitcoin correcting these weeks is sucking up investor focus out of crypto.
- The Chinese new year at 17th of February is a yearly sell-off and buyback frenzy, better to wait that storm out.
- The problems with the website security (ssl, https) is not worth rushing, let's wait for optimal security.
- Extra exchanges would help wider adoption/investor interest, bithump is coming, open source smart contract would possibly get us to bittrex. Also exchanges are having new user stops/waiting lists. Let Binance and others get their user numbers up for a few more weeks.

If we wait these obstacles out, and ride the wave after these February obstacles pass, we'll be in bull-heaven.

[Younggun1uk]

the launch of the beta will take a month. source: slack

Kidding me?

no, nico said they need another month.

Shock....could be a new Bitconnect this

[JuanHungLo]

the launch of the beta will take a month. source: slack

Kidding me?

no, nico said they need another month.

Shock....could be a new Bitconnect this

What?  Pfft.  Not hardly.

[ecivfesrire]

I'm doing the safety play which is nothing. Either you are here to troll or steve is trolling. If not, I'm prepared to lose everything.

[_Legendary_]

PPT is one is the most ambitious projects on the market. Verry promising in my opinion Bitcoin is down to 8k - 9k so naturally that will drag the usd valuation of everything down. PPT has actually been outperforming Bitcoin for some time now. If bitcoin were back toward 15k (and i think it'll bounce back there verry soon) PPT would already have a valuation well over $100USD

We never doubt that bitcoin prices will soon return $ 15k (of course PPT will over $100), decentralization is commonplace like this and I'm not surprised if bitcoin prices will reach the lowest price under $ 5000.

[naaktslak5]

the launch of the beta will take a month. source: slack

Kidding me?

no, nico said they need another month.

Shock....could be a new Bitconnect this

if this is a new bitconnect they would pump it harder, there is hardly any marketing.

[panorama]

the launch of the beta will take a month. source: slack

Kidding me?

no, nico said they need another month.

Shock....could be a new Bitconnect this

Comments like this make it clear that you either don't understand Populous or you don't understand Bitconnect.

[ka82]

When there is a transfer of ownership of the invoice (i.e. a "sale" of the invoice), then by definition the transaction must be factoring, not invoice discounting. Invoice discounting is a type of loan/financing that does not involve a transfer of title. The only exception in the world is the UK, where invoice discounting/financing is basically the same thing as factoring. Here is a quote from Wikipedia https://en.wikipedia.org/wiki/Factoring_(finance)#Reserve_account:

Factoring is the sale of receivables, whereas invoice discounting is a borrowing that involves the use of the accounts receivable assets as collateral for the loan. However, in some other markets, such as the UK, invoice discounting is considered to be a form of factoring, involving the "assignment of receivables", that is included in official factoring statistics. It is therefore also not considered to be borrowing in the UK. In the UK the arrangement is usually confidential in that the debtor is not notified of the assignment of the receivable and the seller of the receivable collects the debt on behalf of the factor.

Now if you tell me that Populous is going to focus only on the UK market, which represents less than 4% of global GDP, then the transaction steps they've outlined make sense. In the rest of the world, which encompasses more than 90% of the global opportunity, the transaction as described by Populous will not work. In the USA for instance, non-notification factoring represents only 12% of the total pie, and is only available to larger companies under long term contracts and based on a pool of receivables (never one-off transactions). In addition, the due diligence that invoice sellers are put through under non-notification/confidential factoring is akin to bank lending; it's thorough and complex, thereby expensive to do.

The way that Populous imagines these transactions is completely ridiculous, and provides no protection for the invoice buyers. You mentioned that under the Populous model, the sellers will pledge corporate assets while company directors are to give personal guarantees... do you really think that Populous will pay the costs involved in international litigation to recover against sellers based outside of the UK? I doubt they will do that even inside the UK, as enforcement of these types of pledges is very expensive from a legal standpoint, and wouldn't work for any facility of less than $150,000-200,000. Again, for these transactions to work, the buyer of the invoices needs to take control of the repayment from the ultimate customer. Under Populous' current model, there isn't even a notification mechanism for the invoice buyer to be informed when the invoices have been cashed out... how then is the buyer supposed to know whether non-repayment is caused by debtor default (so that credit insurance can be invoked) or by the seller's non-compliance (so that legal action can be taken against the pledges) It makes zero sense.

I found the definition of factoring vs financing from investopedia which I think it's a better source than wikipedia:

https://www.investopedia.com/terms/i/invoice-financing.asp

[NotSoSavvyAboutBlockchain]

Allright, so I'm new to this stuff (bear with me!)

I am looking at various blockchain invoice finance platforms out there and I found Hive and Populous.

Can someone explain to me how what they do is different from guys like MarketInvoice?

[ka82]

Allright, so I'm new to this stuff (bear with me!)

I am looking at various blockchain invoice finance platforms out there and I found Hive and Populous.

Can someone explain to me how what they do is different from guys like MarketInvoice?

In case of MarketInvoice the source of Capital is banks...in case of Populous source of capital for lending is anyone in the world, similar to populous we have P2P lending without blockchain such as LendingClub.

[ka82]

That's what we needed....coinciding crypto bear market with populous delaying the launch of their platform.

[octain]

Too bad for those investors who didn’t listen to my warning s at the top price fe this coin. 2bil for a coin with no working product. Poor management. Way behind  on releasing their product. This will be inde 10 bucks within a month.

[rendravolt]

PPT is one is the most ambitious projects on the market. Verry promising in my opinion Bitcoin is down to 8k - 9k so naturally that will drag the usd valuation of everything down. PPT has actually been outperforming Bitcoin for some time now. If bitcoin were back toward 15k (and i think it'll bounce back there verry soon) PPT would already have a valuation well over $100USD

We never doubt that bitcoin prices will soon return $ 15k (of course PPT will over $100), decentralization is commonplace like this and I'm not surprised if bitcoin prices will reach the lowest price under $ 5000.

It seems that to go up to $15000 it still takes quite a while, bitcoin will touch $5000 this week if all panic sells.