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toolucky98
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September 04, 2017, 09:16:21 PM |
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Page 10 of the whitepaper:
All internal payments will be managed using ERC20 compatible stable “Pie Coins” that are exchangeable for fiat and pegged 1:1 against major currencies to avoid exposure to fluctuations in the prices of cryptocurrencies.
How does that pegging work? Are the Pie Coins backed by fiat? Is there a reserve fund that stabilizes the Pie Coin?
I just read through page 10 of the whitepaper and can't seem to find this statement. Its pie coin, wrong thread  |
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nelson4lov
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September 04, 2017, 09:33:26 PM |
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 Paypie is leveraging Blockchain technology to create a marketplace. PayPie’s marketplace is designed to facilitate fraud-proof opportunities.
Learn More: https://paypie.com |
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shivansps
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September 04, 2017, 09:34:57 PM |
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[quote ajavascript:void(0);uthor=toolucky98 link=topic=2061671.msg21515106#msg21515106 date=1504559781] Page 10 of the whitepaper:
All internal payments will be managed using ERC20 compatible stable “Pie Coins” that are exchangeable for fiat and pegged 1:1 against major currencies to avoid exposure to fluctuations in the prices of cryptocurrencies.
How does that pegging work? Are the Pie Coins backed by fiat? Is there a reserve fund that stabilizes the Pie Coin?
I just read through page 10 of the whitepaper and can't seem to find this statement. Its pie coin, wrong thread [/quote]  is there any other pie coin too?Yes page 10 of paypie has Conclusion chapter |
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chaoscoinz
Sr. Member
 Offline
Activity: 1150
Merit: 260
☆Gaget-Pack☆
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September 04, 2017, 09:37:38 PM |
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Hi dev! Can you explain why you chose to make a blockchain solution for Credit risk score?
What do you think about general ledger and it's journals? Is your platform be able to solve those pains in there?
I'm not a developer, or affiliated with the project, but the reason for the use of the ethereum blockchain, is because of it's transparency, fungibilty. The blockchain makes audits and other accountability processes easier, and makes it decentralized. The speed alone is another reason. |
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ParRus
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September 04, 2017, 09:40:16 PM |
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in view of public significance of accounting and reporting standards, their wide recognition is necessary!
based, first of all, on the trust in them and the conviction of their adequacy and quality. PAYPIE tackled this issue, the project will be successful unambiguously
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chaoscoinz
Sr. Member
Offline
Activity: 1150
Merit: 260
☆Gaget-Pack☆
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September 04, 2017, 09:45:43 PM |
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in view of public significance of accounting and reporting standards, their wide recognition is necessary!
based, first of all, on the trust in them and the conviction of their adequacy and quality. PAYPIE tackled this issue, the project will be successful unambiguously
Exactly brother, the current method of accounting is very slow, outdated, and not transparent enough. With Paypie, it will be much harder to cook the books, cheating people over, which is why they mentioned Enron, as a reference (not to beat a dead horse). This here is a game changer. |
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toolucky98
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September 04, 2017, 09:47:53 PM |
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Hi dev! Can you explain why you chose to make a blockchain solution for Credit risk score?
What do you think about general ledger and it's journals? Is your platform be able to solve those pains in there?
I'm not a developer, or affiliated with the project, but the reason for the use of the ethereum blockchain, is because of it's transparency, fungibilty. The blockchain makes audits and other accountability processes easier, and makes it decentralized. The speed alone is another reason. Correct, operation of the PayPie blockchain Accounting platform to bring ultimate trust and transparency to the financial markets |
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Mistafreeze
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September 04, 2017, 09:54:44 PM |
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There slackpie software has thousands of existing clients and they will aggresivly market paypie to them.Cool idea.I think Paypie going to be bigger than Populous
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Drokzid
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September 04, 2017, 10:05:10 PM |
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This sounds like a really promising project to me. What me makes really exciting compared to all the competitors is that they seem to be able to find lending opportunities. Could someone from the team explain in detail how you want to accomplish that? The whitepaper does not make this really clear to me. And who are your biggest competitors? As a potential investor I am interested in whom you have to beat and how.
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BTC IS KING!
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chaoscoinz
Sr. Member
Offline
Activity: 1150
Merit: 260
☆Gaget-Pack☆
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September 04, 2017, 10:09:56 PM |
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There slackpie software has thousands of existing clients and they will aggresivly market paypie to them.Cool idea.I think Paypie going to be bigger than Populous
Populous is only a platform for buying, selling, and trading invoices. Paypie appears to be an entire accountability ecosystem, as well, as a hub for instant credit scoring. Like they said themselves, it's the first of its kind on the blockchain!  |
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PS92
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September 04, 2017, 10:15:47 PM |
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Finally a much needed and long awaited blockchain use case. Accounting needs to be up to date!!
Example: Coinlist needed an up to date statement of investor's finances for the Filecoin ICO. An accountant could sign a letter saying the investor's wealth exceeds X amount of dollars at August 1st, but the amount itself goes back to januari 1st. In other words: the investor could theoretically be bankrupt by now. Now is this just a method for Coinlist the wave all liability, but still, this system is flawed.
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KryptoKings
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September 04, 2017, 10:19:16 PM |
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This sounds like a really promising project to me. What me makes really exciting compared to all the competitors is that they seem to be able to find lending opportunities. Could someone from the team explain in detail how you want to accomplish that? The whitepaper does not make this really clear to me. And who are your biggest competitors? As a potential investor I am interested in whom you have to beat and how.
What lending opportunities are you talking about?They wont provide any lending imo or will they do?Please do not confuse me further |
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Rigorous
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September 04, 2017, 10:31:07 PM |
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Page 10 of the whitepaper:
All internal payments will be managed using ERC20 compatible stable “Pie Coins” that are exchangeable for fiat and pegged 1:1 against major currencies to avoid exposure to fluctuations in the prices of cryptocurrencies.
How does that pegging work? Are the Pie Coins backed by fiat? Is there a reserve fund that stabilizes the Pie Coin?
I just read through page 10 of the whitepaper and can't seem to find this statement. Its pie coin, wrong thread I'm not an idiot, even though you repeatedly told me in another thread. It's in the PayPie whitepaper I've downloaded from the first post. https://www.paypie.com/Content/files/PayPie-Whitepaper.pdf Yes page 10 of paypie has Conclusion chapter
Please learn the difference between a page number and a chapter number. |
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lvsca
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September 04, 2017, 10:48:40 PM |
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Page 10 of the whitepaper:
All internal payments will be managed using ERC20 compatible stable “Pie Coins” that are exchangeable for fiat and pegged 1:1 against major currencies to avoid exposure to fluctuations in the prices of cryptocurrencies.
How does that pegging work? Are the Pie Coins backed by fiat? Is there a reserve fund that stabilizes the Pie Coin?
I just read through page 10 of the whitepaper and can't seem to find this statement. Its pie coin, wrong thread I'm not an idiot, even though you repeatedly told me in another thread. It's in the PayPie whitepaper I've downloaded from the first post. https://www.paypie.com/Content/files/PayPie-Whitepaper.pdfYes page 10 of paypie has Conclusion chapter
Please learn the difference between a page number and a chapter number. how to increasing tha token value if it's pegged with FIAT currency for 1:1? |
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PS92
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September 04, 2017, 10:48:54 PM |
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This sounds like a really promising project to me. What me makes really exciting compared to all the competitors is that they seem to be able to find lending opportunities. Could someone from the team explain in detail how you want to accomplish that? The whitepaper does not make this really clear to me. And who are your biggest competitors? As a potential investor I am interested in whom you have to beat and how.
What lending opportunities are you talking about?They wont provide any lending imo or will they do?Please do not confuse me further I think he's talking about funding through the ICO. But you're right, even that would be confusing as that is technically not a loan. |
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bitsurfer2014
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September 04, 2017, 10:52:40 PM |
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There slackpie software has thousands of existing clients and they will aggresivly market paypie to them.Cool idea.I think Paypie going to be bigger than Populous
Initially, PAYPIE platform will not only connect to Slickpie but it will also connect to other well known accounting software such as SAGE,QuickBooks Online, Netsuite..etc. |
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PS92
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September 04, 2017, 11:08:20 PM |
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Paypie is leveraging Blockchain technology to create a marketplace. PayPie’s marketplace is designed to facilitate fraud-proof opportunities.
Learn More: https://paypie.com If PayPie uses IPFS for the storage of the underlying documentation, are you relying on the kindness of strangers to host those files, do the clients need to host those files themselves, is PayPie gonna host them or are you gonna use Filecoin and if so, who's gonna pay for it? |
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toolucky98
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September 04, 2017, 11:08:45 PM |
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I'm not an idiot, even though you repeatedly told me in another thread. It's in the PayPie whitepaper I've downloaded from the first post. https://www.paypie.com/Content/files/PayPie-Whitepaper.pdfYes page 10 of paypie has Conclusion chapter
Please learn the difference between a page number and a chapter number. Whoa , chill man, its not there in my whitepaper. When did you download it? i think mine is the old version, because i didnt check if there was an update for the whitepaper. Edited : Yes , yours is the latest, mine was only 582 kb, sorry for the misunderstanding. |
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bitsurfer2014
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September 04, 2017, 11:13:37 PM |
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This sounds like a really promising project to me. What me makes really exciting compared to all the competitors is that they seem to be able to find lending opportunities. Could someone from the team explain in detail how you want to accomplish that? The whitepaper does not make this really clear to me. And who are your biggest competitors? As a potential investor I am interested in whom you have to beat and how.
What lending opportunities are you talking about?They wont provide any lending imo or will they do?Please do not confuse me further I think he's talking about funding through the ICO. But you're right, even that would be confusing as that is technically not a loan. PAYPIE will facilitate a risk scoring mechanism of a particular company to its creditors, lenders and the financial sector on a per need basis. |
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Islapdonkey
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September 04, 2017, 11:16:57 PM |
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I'm not an idiot, even though you repeatedly told me in another thread. It's in the PayPie whitepaper I've downloaded from the first post. https://www.paypie.com/Content/files/PayPie-Whitepaper.pdfYes page 10 of paypie has Conclusion chapter
Please learn the difference between a page number and a chapter number. Whoa , chill man, its not there in my whitepaper. When did you download it? i think mine is the old version, because i didnt check if there was an update for the whitepaper. Lol! i don't think he is taking it personal, neither is he pointing a figure. If anything it seems like he is providing the proof needed to prove a point. anyway, am also interested in seeing the Dev's answer to this? my guess is they will utilize a system similar to usdt, but i would like to know how they pay on making it a reality. |
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