[ANN] PayPie - Blockchain-Powered Risk Assessment

[Cauchy]

Paypie Team had been very busy at the event. There was a lot of interest in the blockchain accounting and how we will be using it to solve real life business problems. Everyone was very excited to see this coming.

Great news guys! I hope that you will meet some big whale who will invest in paypie as an institutional investor?

realy great news,show us some more photos,and contact a lot of whales investors...

I dont think whales investors are good for any ico as they dump when they see good price.More investors is better than few whales

Well you can see it that way. On the other hand big investors can also bring a huge amount of money into the project which helps to develop it faster and better.

why not both?long term investors and also some big whales they all will help project growth...

the ICO is public so anyone can join. just because there are large investors doesn't mean that will adversely affect token value going forward.

Imo a mix of whales and smaler Investors is a good setup, but in the end of the day what realy matters is that they get enough funding for realising their Project vision/goals.

[Rigorous]

What I miss is in the whitepaper PayPie's revenue estimate. Also I'd like to know how PayPie's profits flow back into PPP tokens, and what the drivers are for PPP tokens to increase in value.

[levyashin]

What I miss is in the whitepaper PayPie's revenue estimate. Also I'd like to know how PayPie's profits flow back into PPP tokens, and what the drivers are for PPP tokens to increase in value.

Paypie's whitepaper is telling detailed information about platform but other then lots of important issues don't take place or have little information only.

Paypie and ppp token, revenue, profit share is all important topics and we have little or none info about them.

I hope after expo team will clear this issues with detailed explanations.

[Trrrt]

Nice video, im glad to listen the CEO talk about PAYPIE. Another great way to communicate, it will afford more new investors again.
Paypie has already big and normal investors, its important to have a mix of these two type of investors, for the stability and the spreading of the project. And that mean that a lot of people understand the value of paypie, its very nice !

[Sozialtourist]

What I miss is in the whitepaper PayPie's revenue estimate. Also I'd like to know how PayPie's profits flow back into PPP tokens, and what the drivers are for PPP tokens to increase in value.

Paypie's whitepaper is telling detailed information about platform but other then lots of important issues don't take place or have little information only.

Paypie and ppp token, revenue, profit share is all important topics and we have little or none info about them.

I hope after expo team will clear this issues with detailed explanations.

The member BTCBusinessConsult has also an interview with the CEO scheduled for Thursday this week. That can be a good opportunity to ask these questions directy to the PayPie team.

INTERVIEW SCHEDULED!

Hi everybody, I have an interview scheduled with Nick Chandi, CEO of PayPie. Please message me questions and comments you have about PayPie to add to our list of things to discuss. Interview is on Thursday so lets make sure we have a great list to make it as efficient as possible for Nick!!

@AndreasBTC on twitter
BTCBusinessconsult@gmail.com

Thanks

[wonderfullife]

When media speak about the blockchain they often speak about illegality or black market but what they don t know is that the blockchain technology could help to avoid this negative things. here with the honesty and transparancy for accountating.

[windreamteam]

Here is a non-exaustive list of the disadvantages of having an accountant

He will not let you do anything.
It has a cost since you have to pay a fee.
It requires you to respect your statutory deadlines for VAT returns.
It requires you to keep track of filing procedures that are sometimes somewhat restrictive.
 

[PS92]

Hey Yohan

you guyz are looking nice at the expo






wish you guys the best of luck! ... well, you guyz dont need luck, this will rock the house

first blockchain accounting platform incoming!


https://www.accountexusa.com/exhibitor-list/

Are you really the first blockchain accounting platform? Can anyone share some insights with regards to competition?

[Islapdonkey]

Here is a non-exaustive list of the disadvantages of having an accountant

He will not let you do anything.
It has a cost since you have to pay a fee.
It requires you to respect your statutory deadlines for VAT returns.
It requires you to keep track of filing procedures that are sometimes somewhat restrictive.
 

Dude don't think because you dealing with Paypie means you can get away with erroneous information. If anything since info is transparent from been in a blockchain, it will he harder to get away with such things. also Paypie is not mean't to replace your accountant, rather it's mean't to be the new tool utilized by your accountant.

[PS92]

Here is a non-exaustive list of the disadvantages of having an accountant

He will not let you do anything.
It has a cost since you have to pay a fee.
It requires you to respect your statutory deadlines for VAT returns.
It requires you to keep track of filing procedures that are sometimes somewhat restrictive.
 

Dude don't think because you dealing with Paypie means you can get away with erroneous information. If anything since info is transparent from been in a blockchain, it will he harder to get away with such things. also Paypie is not mean't to replace your accountant, rather it's mean't to be the new tool utilized by your accountant.

It gives you better and more up to date insight into your numbers, making it easier for you and for other parties to make better decisions.

[FIEX]

When media speak about the blockchain they often speak about illegality or black market but what they don t know is that the blockchain technology could help to avoid this negative things. here with the honesty and transparancy for accountating.

Blockchain will be the future!
PAYPIE will be the future of accounting! Every company that is trying to do something new with blockchain will only benefit from it within 5 years.

This platform is new and unique so people should invest in this!

[Jay2408]

What I miss is in the whitepaper PayPie's revenue estimate. Also I'd like to know how PayPie's profits flow back into PPP tokens, and what the drivers are for PPP tokens to increase in value.

Paypie's whitepaper is telling detailed information about platform but other then lots of important issues don't take place or have little information only.

Paypie and ppp token, revenue, profit share is all important topics and we have little or none info about them.

I hope after expo team will clear this issues with detailed explanations.

The member BTCBusinessConsult has also an interview with the CEO scheduled for Thursday this week. That can be a good opportunity to ask these questions directy to the PayPie team.

INTERVIEW SCHEDULED!

Hi everybody, I have an interview scheduled with Nick Chandi, CEO of PayPie. Please message me questions and comments you have about PayPie to add to our list of things to discuss. Interview is on Thursday so lets make sure we have a great  list to make it as efficient as possible for Nick!!

@AndreasBTC on twitter
BTCBusinessconsult@gmail.com

Thanks

Answering these questions in an interview is great, but Paypie should also update their WP. As it's still a draft version and they are probably working on it, they should include all the information that is crucial to investors.

[nelson4lov]

When media speak about the blockchain they often speak about illegality or black market but what they don t know is that the blockchain technology could help to avoid this negative things. here with the honesty and transparancy for accountating.

Blockchain will be the future!
PAYPIE will be the future of accounting! Every company that is trying to do something new with blockchain will only benefit from it within 5 years.

This platform is new and unique so people should invest in this!

I agree with you on that. PayPie has a very unique offering. One which you won't find elsewhere. It's new and completely innovative. I see no reason why people keep comparing PayPie & Populous as Paypie is an upgrade of Populous with It's fully-fledged accounting platform.

[Islapdonkey]

Again this is just a guess on my part but as i aforementioned, due to SEC rules, the piecoin might have been conceived as an alternative to incentive Paypie customers/Paypie coin holders. Piecoin might be distributed as a form of dividend (note that i use the word a form to denote that its not an actual dividend) and the distribution could be exchanged on Paypie's platform for fiat. Since it's not the main coin associated with the project and only has internal use, i.e.( Paypie won't provide an exchange for it) this deflects any issue that the SEC rules might pose.
 
 As for pegging to multiple currencies, am guessing they will peg it to the currency that's currently worth the most, and use exchange rates from that currency to pay out on other currencies. Again, am just guessing and none of this should be considered viable till statement is obtained from an admin

I think I have figured it out. But still guessing. I think you actually have it backwards. PPP tokens are the investment vehicle and PieCoin are stable stores of debit/credit value.

Assuming PPP are the PayPie tokens that are traded on the exchanges. PPP will be converted to PieCoin (PIE) for internal transactions in the PayPie market.

PIE are pegged to a several major currencies at the same time: a currency basket. For the sake of argument, assume the currency basket is 1 PIE = $1.

You owe someone $300. Which means you are 300 PIE short.

PIE can only be exchanged through PPP tokens.

PPP tokens fluctuate, but according to the whitepaper the price per token starts at 1 PPP = 0.0011 ETH.

If the price of $300 = 1 ETH you need to buy 1/0.0011 = 909 PPP.

If PPP doubles in value, you need to buy 454 PPP instead. Your debt, in terms of currency basket value, has remained the same amount, ie. 300 PIE = $300.

If you were indebted 300 PPP instead of PIE, after PPP doubled in value you would owe $600.

Nice catch, and they can achieve that with PIE because it's only an internal token and it won't be put on exchanges. It's the only way to keep a token stable at the moment, there's this token, Corion in which devs claim that price will be always $1, isn't on exchanges yet but it will be on day, I'm going to grab a popcorn basket when their reserve to buy COR will finish (because at some point it will finish)

Are we talking about PIECoin, as in https://coinmarketcap.com/currencies/piecoin/ ? I am really confused now  

No we not talking about the shit coin on the exchanges called pie coin, rather we referring to an internal coin utilized on the paypie platform thats also named piecoin.
Anyway, rigorous your explanation makes a lot of sense, hopefully a paypie admin can confirm if it's on the right track cos investors will deem such info vital.

After re-reading the whitepaper again and again I think I got it completely wrong.

The actual money owed on the invoice is not paid with PIE but through traditional ways, ie. bank transfers, VISA, whatever. I was misled by statements such as

all transactions will flow through blockchain and validity of all transactions including sent invoices can be verified

Lender confirms, signs and funds get transferred to the company and published on blockchain

But it's not realistic to transfer money owed through PIE, as the PIE balance sheet would quickly eclipse the value of PPP and PayPie itself. Small-medium companies have balance sheets of up to $100 Million.

The only things transferred through the PayPie network are documents such as invoices, and those invoices are put on a marketplace where the right to see or pay them may be bought using PIE. PayPie charges a fee on each marketplace transaction.

You might actually be right, cos like i aforementioned maybe the payment might be allocated as pie, and the pie coin can be exchange for fiat at and only on Paypie platform.

We still need a verification to this.

[Heimer]

Here is a non-exaustive list of the disadvantages of having an accountant

He will not let you do anything.
It has a cost since you have to pay a fee.
It requires you to respect your statutory deadlines for VAT returns.
It requires you to keep track of filing procedures that are sometimes somewhat restrictive.
 

Managing your own business accounting is real pain in the a@% Its good that we will be able to use company from crypto world

[Islapdonkey]

Here is a non-exaustive list of the disadvantages of having an accountant

He will not let you do anything.
It has a cost since you have to pay a fee.
It requires you to respect your statutory deadlines for VAT returns.
It requires you to keep track of filing procedures that are sometimes somewhat restrictive.
 

Managing your own business accounting is real pain in the a@% Its good that we will be able to use company from crypto world

Paypie doesn't automatically eliminate the pain in the ass involved in accounting your liquidities, liabilities and loss. It's basically an accounting platform on the block-chain. So the advantage it offers is the transparent info but you still have to input those info into the ledger. it's doesn't automatically do your job for you. Just saying.

[BTCBusinessConsult]

I have taken notes from reading the forums posts and updated the question list for my talk with Nick in 2 days time. I will really harp hard on the constantly changing WP, revenue streams, profit share etc.

Its really great to see such an active community for PayPie. It is really going to be a game change. Think of how Quicken changed the accounting industry --- PPP will do the same!

[Korsakopf]

I have taken notes from reading the forums posts and updated the question list for my talk with Nick in 2 days time. I will really harp hard on the constantly changing WP, revenue streams, profit share etc.

Its really great to see such an active community for PayPie. It is really going to be a game change. Think of how Quicken changed the accounting industry --- PPP will do the same!

Thanks, where can we find the interview once you;re done? And could you also ask them if they are already working on some big clients to use their programs?

[PS92]

What a nice project. I believe I missed that but if PPP is available on exchanges? Which ones?

You haven't missed it.ICO is scheduled on 15 October.PPP will be available on some big exchanges but not cheaper than ICO price 

You can't say that. If there's no demand, IT WILL GO below ICO price.

[Sozialtourist]

I have taken notes from reading the forums posts and updated the question list for my talk with Nick in 2 days time. I will really harp hard on the constantly changing WP, revenue streams, profit share etc.

Its really great to see such an active community for PayPie. It is really going to be a game change. Think of how Quicken changed the accounting industry --- PPP will do the same!

Something that I would be interested in is to know more about the Expo. How the people reacted when they heard about PayPie. Where they instantly hooked by the idea and can they imagine to use it or are there still doubts when talking about blockchain technology?

I am really looking forward to watch this interview.