Greg Smith @gregsmith77

Finance, Markets, Networking https://t.co/z7IcEcMiJZ London, England Joined April 2009

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Greg Smith @gregsmith77

12 months ago

@RossPal70007909 @plutus @DDhopn How much do you think PLU will be worth by the time you reach Myth?

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@PlutusFans How and why would it go anywhere near those prices? It’s worthless…. The max it can now be worth is £10 because that’s what they fixed the utility at… but it’s nowhere near that because you have to spend to get it, then spend more again to get small discount. Max £3-5 ever…

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Greg Smith @gregsmith77

a year ago

@SecScottBessent I’m not sure unilateral tariffs and abusing trusted partners on social media is the best way to move towards closer collaboration and mutual respect? I would suggest that America is pushing the world to find alternative solutions due to the broken trust. Look at Canada/Carney?

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Greg Smith @gregsmith77

a year ago

@Slevin_Kelevraa @plutus Are you sure? Can’t see any value in PLU. They’ve screwed over most of their customer and now offer crap rewards that you have no idea if you’ll ever get to use. No wonder it’s in free fall for years…

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Greg Smith @gregsmith77

a year ago

@RossPal70007909 @Jasperctay What value are they giving Ross? Seems like the whole thing is a bit of a waste of time now?

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Greg Smith @gregsmith77

a year ago

@plutusFans @plutus Where do you think that moneys coming from to generate that value? If it has a high return and nothing behind it, it’s just inflationary, which means the token has to continue falling in value…

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Greg Smith @gregsmith77

a year ago

@plutusFans @plutus @DDhopn And I’m also having to pay Plutus for this? Seems like it’s really just failing to do anything useful which is being reflected in the price of PLU continuing to fall…

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Greg Smith @gregsmith77

a year ago

@plutusFans @plutus @DDhopn So if I earn 5 PLU a month on £1600 spend at 3%, then I’ve got to spend another £1000 on a gift card, to use my PLU to get a £50 discount? Is that really great utility? At best that’s really only a 2% net benefit on the £2600 I’ve spent and it’s a pain getting cards?

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Greg Smith @gregsmith77

a year ago

@JonLongGame @DDhopn @Jasperctay What momentum? Where is there any value in PLU now? It’s not worth collection the tokens as you have to spend so much cash to use a small amount of PLU to get a small discount? What am I missing?

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Greg Smith @gregsmith77

a year ago

@RossPal70007909 @plutus @Jasperctay @DDhopn Not sure how they are going to reach 1m customers, when they move the goalposts every couple of months and alienate their loyal customers?? Perhaps if they created an offering, then told customers about it when it was released, that would be a start…?

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Greg Smith @gregsmith77

a year ago

@plutus It seems like the choice based on this change will be either pay 30% to get your existing PLU out, or have it converted to internal PLU and lose 90%. Is that effectively it?

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Greg Smith @gregsmith77

a year ago

@plutus Sooo… we’ve only just had a major change to the system in January/February, and this is another major change that still isn’t fully thought out or documented?! Will there be a change to the system every month or couple of months from now on?

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Greg Smith @gregsmith77

a year ago

@plutus Just checking if the system is glitching…? I can get a £10 gift card for a 4% fee? And 4% of what exactly is £9.60? And why would I only use 0.04 PLU in this transaction? I thought the idea was 1PLU=£10= 1 gift card? PLU seems irrelevant in this transaction?

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Greg Smith @gregsmith77

a year ago

@plutus You say there is a 3% payout cost, but this is based on €£10 PLU rates, so this is effectively still a 30% payout cost? Will the payout cost be this effective 30% for the 30 days? Will there be any free payouts for those that get “free payout” on their reward level?

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Greg Smith @gregsmith77

a year ago

@JDVance Is this quote right? And what is this better security umbrella? “I think that you’d be a lot better coming under the United States’ security umbrella than you have been under Denmark’s security umbrella,” Vance said.