[ANN] PayPie - Blockchain-Powered Risk Assessment

[Rigorous]

And if you take into account the arrival of Antonio in the team, it brings a lot of trust into the project. Quite hard to imagine that this project is a scam right now, and they covered some conferences.

It is not a scam, but a legitimate business with high profile team members can still have weak spots.

Remember, there are 3 parties involved.

1) SME = Invoice sellers = small and medium enterprises
2) Token Holders = Invoice buyers = lenders who pay the SME in advance in return for their invoice
3) Customer companies = Invoice debtors = whom the token holders have to get money from

PayPie's credit risk algorithm seems to be mainly focused on the SMEs, who are connected through their software to the PayPie platform, instead of the customer companies, who may not be on the PayPie platform yet poses the most risk to the token holders.

Still, PayPie's whitepaper mentions the customers companies a couple of times:

We know their customers, vendors, income, expenses, and money in the bank as live bank feeds pull data on a daily basis.

You will have best possible financial data on the companies whose invoices you are buying and their customer companies who owe you money.

But as Dorky said before, PayPie's risk management of the customer companies is primarily data driven, not legally enforced or insured.

It seems to boil down to "These customers paid the SME in the past, so they are likely to eventually pay this invoice too. You can pay the SME in advance if you do not mind waiting to get you money back including interest. Disclaimer: we do not guarantee you will get your money back without dragging them to court."

So I think it would be a good idea if PayPie could address some of these concerns.

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[Trrrt]

Always great to have some news, it’s important  to follow slack and telegram for that. The YouTube video is really great also, a nice point of view of why people go in paypie. I think the same, a lot of good argument, Paypie hype me a lot.

[levyashin]

Very Important Hint: if you have any tokens just sitting around and waiting to be traded to buy PPP, do it now! The time is now! Be ready

Is presale starting?

I checked website instantly but there is still the same.

It's an important hint.

[ubercool]

Very Important Hint: if you have any tokens just sitting around and waiting to be traded to buy PPP, do it now! The time is now! Be ready

Is presale starting?

I checked website instantly but there is still the same.

It's an important hint.

What he meant is hold your ETH because pre sale may start any moment. The ETH network will be clogged again for sure. 

[Wapinter]

Only 12 days left for main crowdsale. And still any date of pre-sale? Im waiting announced (date, price, conditions etc)

I think presale will start on 15-October too if dev doesn't have any news update this week

There must be a news this week, that's what they said on telegram, for what I know btw, full infos on presale will be sent out 3 days before presale. About price, they already said min contribution will be 1 ETH (I don't remember how many tokens/ETH)

just wait for the official announcement of the exact date of start of presale,i will follow more closer telegram channel...

It's sure that we begin to be near the ICO date, we're waiting for the announces devs : D

The date was already announced, you can check it on the website, it will be the 15th of October, so prepare for that date, you wouldn't want to miss the bonus in the pre-ico, it will be way better if you invest on time.

so there it is a date,15th october is ok for me i have time to organize me for investment and don t miss the bonus,i will invest from the first day...

15 October is ICO date.There will be a presale which will be announced in next 48 hours.Please join paypie Telegram and subscribe to email list on http://paypie.com if you don't want to miss it.

Guys, we are still performing some updates. Website will be up soon.

[Cauchy]

Only 12 days left for main crowdsale. And still any date of pre-sale? Im waiting announced (date, price, conditions etc)

I think presale will start on 15-October too if dev doesn't have any news update this week

There must be a news this week, that's what they said on telegram, for what I know btw, full infos on presale will be sent out 3 days before presale. About price, they already said min contribution will be 1 ETH (I don't remember how many tokens/ETH)

just wait for the official announcement of the exact date of start of presale,i will follow more closer telegram channel...

It's sure that we begin to be near the ICO date, we're waiting for the announces devs : D

The date was already announced, you can check it on the website, it will be the 15th of October, so prepare for that date, you wouldn't want to miss the bonus in the pre-ico, it will be way better if you invest on time.

so there it is a date,15th october is ok for me i have time to organize me for investment and don t miss the bonus,i will invest from the first day...

15 October is ICO date.There will be a presale which will be announced in next 48 hours.Please join paypie Telegram and subscribe to email list on http://paypie.com if you don't want to miss it.

Guys, we are still performing some updates. Website will be up soon.

Its a nice suspension build up as we approach the pre-sale. Recently joined their telegram and they are almost 3k members so its a massive Community backing this Project. Best of luck in the presale.

[imperatron]

So many people are so active in this thread, whats the hype about this project?

[Heimer]

Only 12 days left for main crowdsale. And still any date of pre-sale? Im waiting announced (date, price, conditions etc)

I think presale will start on 15-October too if dev doesn't have any news update this week

There must be a news this week, that's what they said on telegram, for what I know btw, full infos on presale will be sent out 3 days before presale. About price, they already said min contribution will be 1 ETH (I don't remember how many tokens/ETH)

just wait for the official announcement of the exact date of start of presale,i will follow more closer telegram channel...

It's sure that we begin to be near the ICO date, we're waiting for the announces devs : D

The date was already announced, you can check it on the website, it will be the 15th of October, so prepare for that date, you wouldn't want to miss the bonus in the pre-ico, it will be way better if you invest on time.

so there it is a date,15th october is ok for me i have time to organize me for investment and don t miss the bonus,i will invest from the first day...

15 October is ICO date.There will be a presale which will be announced in next 48 hours.Please join paypie Telegram and subscribe to email list on http://paypie.com if you don't want to miss it.

Guys, we are still performing some updates. Website will be up soon.

Thanks for update about presale. I hope that ETH network will be less clogged when presale starts  

[zahra4577]

So many people are so active in this thread, whats the hype about this project?

Who would want to miss a ico supported by clif high and whose team member is one of the ethereum founder?Now you still need second opinion?

[the_donald]

So many people are so active in this thread, whats the hype about this project?

Who would want to miss a ico supported by clif high and whose team member is one of the ethereum founder?Now you still need second opinion?

you should always have a second opinion, but yeah ,this guys brings plenty of hype with him.

[Mistafreeze]

Oh this one is going to be huge for sure.No chance to buy cheap in exchange.I dont know if i will get chance to participate because of eth network jam

[Dorky]

So many people are so active in this thread, whats the hype about this project?

Who would want to miss a ico supported by clif high and whose team member is one of the ethereum founder?Now you still need second opinion?

I would like to quote a comment by this Benny T that I found in jsnip4 video @ https://www.youtube.com/watch?v=_sQDZY3B_9U

I'm pretty unhappy with the report honestly, there is a lot of "words" but not enough for me to really make a good decision on how I am going to proceed over the next month or two with regard to my cryptocurrency portfolio. So Litecoin information has now changed to basically say that its as good as ETH and the rest is pretty uncommital when it comes to forecasts, its some information but not enough. The last 3 reports have really disappointed me with the content, no numbers on anything else but bitcoin. Granted I've only read it once and I will do it again 2 or 3 times but I want dirt on what the chinese plans are from the data. I'm so sick of hints on interpretted data, my portfolio has basically gone no where since I went 100% into Litecoin at 38 and 42 and the Veritaseum has halved. I basically just have to go to work and not work, just sit and watch crypto's all day to make money

Frankly, my opinion about Clif High's reports are more or less the same. For your information, I no longer refer to his expensive Bare Naked report anymore. The information is more or less junk quality. Clif High got a lot of things wrong too, not just on gold and silver, but on cryptos as well. So be careful what you read. Learn to fish yourself. Don't be dependent on Clif to give you fish.

A lot of people are actually just jokers; jsnip4, mike b, bix weir, clif high, etc.
The ones that really do count are those with related experience and make comments critically.

Edit:
If you follow Clif High's tweets on a daily basis, you would very quickly notice how childish/immature are most of his tweets.

[bitsurfer2014]

Check your emails
 Full content of the email:
edited
Greetings!
 
Just dropping by to share some relevant info, videos, and articles with you guys. If you've seen it already, awesome. If not, jump right onto it and catch up with some legit feedback from the experts.

First things first, the pre-sale date will be announced within 48 hrs!

Reminder: join us on Telegram now and don't miss on any updates.


So here you go:

Videos

Clif High and Jsnip4 - https://youtu.be/xMJ-gSKP-wM?t=7640

Mike B - https://www.youtube.com/watch?v=bcJNyJ5H9Cc

BTCBusinessconsult - https://www.youtube.com/watch?v=lM4f2EDMZjA

Articles

Huffington Post - http://www.huffingtonpost.com/entry/why-blockchain-accounting-is-your-best-bet-in-financing_us_59adb488e4b0c50640cd6133

TokenMarket - https://tokenmarket.net/blog/paypie-introduces-worlds-first-credit-risk-assessment-based-on-blockchain-accounting/


Also, PayPie was just featured on Clif High's latest report published today! If you're a fan, check it out!

Very Important Hint: if you have any tokens just sitting around and waiting to be traded to buy PPP, do it now! The time is now! Be ready

PS - Our only official website is https://www.paypie.com/

From now on, don't trust any emails you get unless they come from the help@paypie.com address (like the email sender address showing up on this email you're reading right now).

Cheers,
 
Yohan Varella
CMO

I'm definitely converting my other tokens to ETH so that I can have some PPP when the ICO starts.

[Dorky]

To those who worship Clif High as some sort of a cult figure, I have this simple question to ask.

Did he successfully spot OmiseGo before its ICO was opened for sale?
If he did not, then that shows Clif isn't really as competent as he is perceived to be.

Spotting out OmiseGo after its super rally to $10 means nothing to credibility, although he scored it with Veritaseum.

[windreamteam]

Paypie could become a  major actor of the accounting world because they are the first one to have think to decentralized accounting. It will prevent fraud but even for the legal companies it will help them to proove what they have and it will also be a gain of time.

[Dorky]

Paypie could become a  major actor of the accounting world because they are the first one to have think to decentralized accounting. It will prevent fraud but even for the legal companies it will help them to proove what they have and it will also be a gain of time.

Honestly, if it is all just about accounting, then there is absolutely no need for the blockchain.
The use of blockchain is over hyped, as if it is useful for everything, which is just not true.

[levyashin]

I am not here for cliff or Antonio. I like the project from day one and I love the team is putting very good effort for it.

They made good publicities, joined prestigious expos and conferences. They have a good hype from day one and they are continuing of it.

But never make your decision by my say, cliff's sale or somebodys say. Just make your own investigation.

It's obvious that we are very near to presale, now if you are still undecided, you had little time left for biggest bonuses

[tiger5056]

newsletter went out saying that preICO details will be announce in next 48 hours. Great news. Project is complex but i have faith in team. Nice idea and deserve attention for sure.

[bitcoinbulk]

So many people are so active in this thread, whats the hype about this project?

You have a lot of reading to do! lol

Check out the features of the project and do some research on your own. Never a good idea to spend your money based on other people's thoughts, but there's definitely a lot of hype with this one.

[Islapdonkey]

Paypie could become a  major actor of the accounting world because they are the first one to have think to decentralized accounting. It will prevent fraud but even for the legal companies it will help them to proove what they have and it will also be a gain of time.

Honestly, if it is all just about accounting, then there is absolutely no need for the blockchain.
The use of blockchain is over hyped, as if it is useful for everything, which is just not true.

The use of blockchain introduces transparency that is currently absent from the usual form. So blockchain when utilized efficiently can be useful for almost everything out there. Also without accounting, there will be no commerce. So you better start falling in love with accounting really fast.