hey!, where bagging populous here. Ill go bag hive in their own forum.
So.... ive had a look and as expected it was the late then uncompleted beta which has killed this coin.
NOT FUDSTERS.
Just letting the kids at home know, a beta release should be fully working and operational with just bugs to iron out. OPerational meaning can accept invoices, can credit risk score, can be factored.
I feel that if they don't release final proper beta this month this coin is done for , maybe people hold on a bit longer mid marchish maybe not.
you guys only have a few days to make this happen. This coin will get dumped to nothing.
Sorry, it is not do or die. Nico has shown steady progress and improvement. The last 5% of a project is the hardest and he can't release it until it's perfect. He screwed up in calling the last release and before a Beta. It was a demo at best. A delay won't kill PPT off permanently as you suggest. Most PPT holders have patience as long as we see and hear progress.
Further to this and i got to admit i dont fully understand it, but have read the white paper. I understand you put in your ppt which is exchaged for pokens to the invoice buyer. Then I believe the invoice buyer can exchange pokens to fiat.
What happens if i as PPT holder Factor to myself. So I can hold the fiat. If the price of PPT goes up I can exchange the fiat back to myself with profits and cop the fee from populous. HOWEVER, if the price of PPT goes down . I can not exchange the tokens take the money and purchase more PPT at a cheaper price and populous are on hook for the contract which i just delfault on. As the invoice buyer obviously your not going to kick up a fuss as you gained yourself. This is all given that no invoices are checked at populous. This is too simple and im sure they have a solution but I didn't read about it in the whitepaper thats all.
Maybe you shouldn't bag on something you don't understand.
It's likely that PPT will investigate all defaults to identify such abuses as you described and take appropriate action.