[ANN] PayPie - Blockchain-Powered Risk Assessment

[pynetx]

For such popular and strong projects as paypie, it would be nice to have a whitelist or an individual cap like in icon so everyone can participate

Perhaps an individual cap, that will ensure nobody holds too many coins, but a whitelist is not necessary, they already decided that there will be a pre-ico, with a minimum investment size, so there is no need for more, the project is already good as it is.

Yes, a maximum cap per individual is must. This way price can not be controlled by a small group of whales.

I disagree, though is seems good at first ,you have to take into account the possibility that they may not get enough investors. that's when wales step in and compensate.

If a project has great vision then people will invest in it and they don't have to whales.
Cindicator set an example how ico should work. That was most closed ico ever and still they reached the hard cap before end date.
Less spread is always harmful.

[magisterr]

I read again whitepaper, but cant find info about liquidity tokens.
Can anyone explaine me? But in detail please.

[Cauchy]

For such popular and strong projects as paypie, it would be nice to have a whitelist or an individual cap like in icon so everyone can participate

Perhaps an individual cap, that will ensure nobody holds too many coins, but a whitelist is not necessary, they already decided that there will be a pre-ico, with a minimum investment size, so there is no need for more, the project is already good as it is.

Yes, a maximum cap per individual is must. This way price can not be controlled by a small group of whales.

I disagree, though is seems good at first ,you have to take into account the possibility that they may not get enough investors. that's when wales step in and compensate.

If a project has great vision then people will invest in it and they don't have to whales.
Cindicator set an example how ico should work. That was most closed ico ever and still they reached the hard cap before end date.
Less spread is always harmful.

One could argue that cnd tier1 was whales, right?

Think you have to look at the bigger picture. If you want to raise 15MUSD or 50MUSD for example, the later would be difficult with low individual caps. A good Project with big funding needs can benefit from long term whale Hodler

[FIEX]

For such popular and strong projects as paypie, it would be nice to have a whitelist or an individual cap like in icon so everyone can participate

Perhaps an individual cap, that will ensure nobody holds too many coins, but a whitelist is not necessary, they already decided that there will be a pre-ico, with a minimum investment size, so there is no need for more, the project is already good as it is.

Yes, a maximum cap per individual is must. This way price can not be controlled by a small group of whales.

I disagree, though is seems good at first ,you have to take into account the possibility that they may not get enough investors. that's when wales step in and compensate.

Its always possible that there will not be enough investors but let say it does. Then the tokens will be spread over a lot of people and this is a very good thing!
I think that a big investor always can contact Paypie and they will arrange something

[saintkamei]

What's all this stories about pegging PPP?

[Frank37]

What's all this stories about pegging PPP?

What is PPP?

[cantdecide]

What's all this stories about pegging PPP?

If I remember right they said they will not peg the PPP or do they have changed their mind?

[Jay2408]

What's all this stories about pegging PPP?

If I remember right they said they will not peg the PPP or do they have changed their mind?

Yes, you're right, they won't peg PPP. There is an  internal coin Pie coin that will be pegged.

[weredo911]

Hello , when tokens will be tradable?

maybe you must wait till the end crowsale. Then you can trade token on some exchange. I think etherdelta will be the first exchange you can trade paypie

[levyashin]

What's all this stories about pegging PPP?

If I remember right they said they will not peg the PPP or do they have changed their mind?

Yes, you're right, they won't peg PPP. There is an  internal coin Pie coin that will be pegged.

Ppp wasn't the internal token that will be pegged?

Paypie token was the token that will be on market which will of course not be pegged?

[Drokzid]

I read again whitepaper, but cant find info about liquidity tokens.
Can anyone explaine me? But in detail please.

Could you explain this question in more detail? What do you exactly want to know about the liquidity of PAYPIE tokens?

[ubercool]

Hello , when tokens will be tradable?

maybe you must wait till the end crowsale. Then you can trade token on some exchange. I think etherdelta will be the first exchange you can trade paypie

Etherdelta accepts every new coin regardless of how shitty it is. It would be best not to concentrate on Etherdelta and try for Hitbitc or Nova or Yobit if you think getting into an exchange is very much important.

[Dorky]

PayPie: The world’s first decentralized accounting platform built on the Ethereum blockchain
introduces the most accurate risk score algorithm ever created.

I just want to know how can I verify that claim that you have created the most accurate risk score algorithm?

You also said this market is worth trillion. Where can I validate that too?
And how will the token holders going to benefit directly from this "trillion"?

[batako]

For such popular and strong projects as paypie, it would be nice to have a whitelist or an individual cap like in icon so everyone can participate

Perhaps an individual cap, that will ensure nobody holds too many coins, but a whitelist is not necessary, they already decided that there will be a pre-ico, with a minimum investment size, so there is no need for more, the project is already good as it is.

Yes, a maximum cap per individual is must. This way price can not be controlled by a small group of whales.

I disagree, though is seems good at first ,you have to take into account the possibility that they may not get enough investors. that's when wales step in and compensate.

If a project has great vision then people will invest in it and they don't have to whales.
Cindicator set an example how ico should work. That was most closed ico ever and still they reached the hard cap before end date.
Less spread is always harmful.

Even though a project has a great vision, doesn't mean it will attract more investors. Without whales, almost impossible for a project to run as expected.

[levyashin]

Hello , when tokens will be tradable?

maybe you must wait till the end crowsale. Then you can trade token on some exchange. I think etherdelta will be the first exchange you can trade paypie

Etherdelta accepts every new coin regardless of how shitty it is. It would be best not to concentrate on Etherdelta and try for Hitbitc or Nova or Yobit if you think getting into an exchange is very much important.

Etherdelta has an option to add from just contract adresses.

So if you have an ethereum token, you can put it into sale in etherdelta. It's their system.

By the way i hate etherdelta, it is buggy and everything comes with gas.

[toolucky98]

Hello , when tokens will be tradable?

maybe you must wait till the end crowsale. Then you can trade token on some exchange. I think etherdelta will be the first exchange you can trade paypie

Etherdelta accepts every new coin regardless of how shitty it is. It would be best not to concentrate on Etherdelta and try for Hitbitc or Nova or Yobit if you think getting into an exchange is very much important.

Etherdelta has an option to add from just contract adresses.

So if you have an ethereum token, you can put it into sale in etherdelta. It's their system.

By the way i hate etherdelta, it is buggy and everything comes with gas.

I dont really like etherdelta too, even we already need to pay some gas for putting an order.

[Rigorous]

Government are people and people are corruptible, therefore cannot be trusted.

In my opinion, the current form of government itself - that is, rule by the people - is a trust-based system and therefore vulnerable to incompetence, fraud and mistakes. At some point in the future we will look back and wonder how we managed to live under such a deeply flawed construct.

Trusting government agencies such as the SEC only gives a false sense of security. Even if they hold no ill intent, they are not omnipotent. They stop some bad apples, but let a lot of garbage through.

How else could such a thing as the 2007-2008 credit crunch happen?

The truth is, the root of the problem is not even government. That is just a symptom too. Essentially it is a misunderstanding of humanity.

https://www.forbes.com/sites/stevedenning/2011/11/22/5086/#6d6f032ff92f

You are right but you are talking about utopia. Governments always interfered with blockchain and will continue. They have too much power on everything. They can just let us do whatever we want to do. They are corrupt but unfortunately, blockchain's future will be more of regulations and laws. We can't prevent it, it is going that way.

Don't be so pessimistic. Eventually technological innovation will advance humankind into a higher level of cognition.

Where we were:



Where we are:



Where we are going:



We just have to lead the way. With PayPie we are getting one step closer.

[Sozialtourist]

For such popular and strong projects as paypie, it would be nice to have a whitelist or an individual cap like in icon so everyone can participate

Perhaps an individual cap, that will ensure nobody holds too many coins, but a whitelist is not necessary, they already decided that there will be a pre-ico, with a minimum investment size, so there is no need for more, the project is already good as it is.

Yes, a maximum cap per individual is must. This way price can not be controlled by a small group of whales.

I disagree, though is seems good at first ,you have to take into account the possibility that they may not get enough investors. that's when wales step in and compensate.

If a project has great vision then people will invest in it and they don't have to whales.
Cindicator set an example how ico should work. That was most closed ico ever and still they reached the hard cap before end date.
Less spread is always harmful.

Even though a project has a great vision, doesn't mean it will attract more investors. Without whales, almost impossible for a project to run as expected.

Well I think you underestimate how much a big community can invest in an ICO, it doesn't always need whales for an ICO to reach its goal.

And btw. the restriction to a maximum of 100 ETH is just for the pre-sale, maybe there wont be one in the main-ICO.

[Dorky]

Some questions...

1.
SlickPie is PayPie's accounting solution.
If so, how successful was/is SlickPie today?
Was/Is it wildly successful?
Or was/is it very little known/used?

2.
How is PayPie's risk scoring algorithm better than the proven, popular and well-researched risk scoring method, the Altman Z-score, which is free to use by everyone?

3.
Other than providing the "most accurate" (how to know it's really the most accurate?) risk scoring algorithm as a main advantage/selling point, what other advantages does PayPie have?

4.
Personally I don't believe the blockchain will solve creative accounting.
Now, if a company committed creative accounting, submitted some invoices that will definitely go non-performing, how will PayPie help to recover any potential loss?

5.
How does PayPie have data better than banks on the financial health of a business? Where can I validate this claim?

By the way, so far in this thread I encounter mostly hyped up personal opinions that PPP is solid, that it will be successful, that banks and governments will love this project, etc etc, just as I can say I am actually Superman (yes, I actually am, believe it).
But as money is at stake, if possible I would prefer to have facts that can help to validate.

[Dorky]

How will this project actually get off the ground? You are targeting the SME space, but the SME space isn't actually the space that is most eager to adopt blockchain technology. If you want to provide a 100% accurate risk assessment, you need a 100% transparent picture of the company. And therefore you need 100% of all assets and liabilities being accessible for you. And therefore you need a double layer accounting system with a data feed infrastructure between the double entry and the triple entry layer. And that again is adding complexity in the first place, which many of those companies will not want. Are you actually targeting companies that are about to be newly incepted or established companies that you want to get to transfer their double entry data into triple entry accounting infrastructure?

You might actually be surprised that a lot of SME will appreciate this service. As I aforementioned, if this service becomes the norm, it will break down barriers and encourage universal lending. So a SME in South Africa might not be able to apply for a loan with a bank in Australia. Because the bank has no way to prove their credit worthiness, with Paypie, the bank can easily verify their assets and liabilities. Thus enabling a process that was priorly deemed impossible.
As for does complaining about companies with shady paperwork, well Paypie is not meant for them and honestly, those shady companies shouldn't get funds that could be allocated to another company operating in an honest fashion

Companies with shady paperworks are the majority out there (in my country this is true) but banks and companies are ok with that, if they adopt this algorithm many many companies will go down

Banks are okay with that because they demand collateral to secure the loan.

But what will help secure invoice buyers from invoices sold at PayPie that will default?