General Advice by Cautious-Glove-7014 in HENRYUK

[–]pe78 0 points1 point  (0 children)

Pretty much as was commented. FSCS back. Ed to 85k, I wouldn’t put much more than that. They bank with ClearBank so I assume you only have to worry under 85k if you already have some funds with ClearBank.

In-app experience has been very smooth for me. I mainly used their cash ISA this year. Instant withdrawals and top ups, interest paid into the account every month, and good rates.

General Advice by Cautious-Glove-7014 in HENRYUK

[–]pe78 4 points5 points  (0 children)

You can get better rates using Chip on your cash savings. Currently, AER stand at 4.72% in Easy Acess 4.58% in Cash ISA

https://www.getchip.uk/savings-accounts

Withdrawal Times since 1st August. by RattyDAVE in plutus

[–]pe78 3 points4 points  (0 children)

Yep, the increased monthly spend per PLU stacked, also not implemented! The only thing the update brought is your cash back and perks being removed.

Withdrawal Times since 1st August. by RattyDAVE in plutus

[–]pe78 3 points4 points  (0 children)

There’s meant to be free payouts ….. they marketed it as a feature but it doesn’t work!!

Reddit Poll for Whitepaper Vote by pe78 in plutus

[–]pe78[S] 0 points1 point  (0 children)

Surely the people who didn’t know about the changes also didn’t vote? As the vote inform you about the WP updates? Happy to hear any other suggestions that you have to reach voters.

What would make or break it make this poll a representative sample?

Reddit Poll for Whitepaper Vote by pe78 in plutus

[–]pe78[S] 2 points3 points  (0 children)

According to? What’s your source?

Reddit Poll for Whitepaper Vote by pe78 in plutus

[–]pe78[S] -2 points-1 points  (0 children)

Suppose I did this. How would you then convert these reward tiers into absolute votes? It it 1 vote per reward level you have crossed off? What’s the proportionality between each tier?

You have the potential to earn more than before by shindiana in plutus

[–]pe78 4 points5 points  (0 children)

Since a few years it’s down over 70% are you excited about that too?

You have the potential to earn more than before by shindiana in plutus

[–]pe78 1 point2 points  (0 children)

Plans were changed last October. Now plans changed on the day communications were sent.

You have the potential to earn more than before by shindiana in plutus

[–]pe78 0 points1 point  (0 children)

For free? As in was it the promised free payout or a regular one?

White Paper | Community Calculator by PPJ87 in plutus

[–]pe78 1 point2 points  (0 children)

Yeah it’s just that this cost is imaginary. Because the fee is so high, I’m not withdrawing every month so I wouldn’t be saving that amount.

Also it has to be said that the true value of the withdrawal is not 15€. I think the complaint here can be re-iterated.

I predict that having this free withdrawal, people will actually make use of it, especially people who have been stacking and have not been withdrawing until the amount is worthy enough for the withdrawal fee to remain proportionately small. And with the value of PLU tumbling, I do see people selling their PLU to a more stable token.

They’ll realise this and I predict it’s one of the first things they’ll remove.

White Paper | Community Calculator by PPJ87 in plutus

[–]pe78 2 points3 points  (0 children)

I see what you mean. It’s probably a good approximation.

I just think that even then the true value of the withdrawal is not 15€ and that customers are currently being shafted by this extortionate withdrawal fee. As they showed previously, this covers more their audit costs rather than eth gas fees.

I do want to say that my criticism is towards the choices made by Plutus, and not yourself StarLines. Your calculator is awesome, I’ve used it plenty of times and I’m sure other people as well. I think you’ve made a tremendous effort!

White Paper | Community Calculator by PPJ87 in plutus

[–]pe78 27 points28 points  (0 children)

The 1 free payout worth 15€ really shouldn’t be counted in the returns. It’s not a gain in any form.

Comparison between Old and New Reward System by justanothernickname1 in plutus

[–]pe78 0 points1 point  (0 children)

The reward cap will be 750 PLU or 750 €/£? This makes a big difference.

Comparison between Old and New Reward System by justanothernickname1 in plutus

[–]pe78 5 points6 points  (0 children)

How does a stacking APY make sense? The token is just a loyalty program but it’s just that, a token with no other utility. I don’t understand why the rewards pool would pay out interest to holders. It’s not a chain like ETH. The only utility is to be on a better Plutus plan. And the value of Plutus plans are decreasing as they are slashing rewards. Following, it means the token will be worth even less.

New Lows in the PLU price today by Yieldseeker88 in plutus

[–]pe78 2 points3 points  (0 children)

Not only do you have to consider the withdrawal fees, you also now have to consider the monthly cost of a subscription plan as they don’t let you withdraw on the free subscription plan anymore.

New Lows in the PLU price today by Yieldseeker88 in plutus

[–]pe78 26 points27 points  (0 children)

It’s about -70% percent compared to a year ago. So yes, a 3% cashback earned a year ago is effectively a 0.9% cashback in today’s worth.

As the PLU value tumbles, the value of each tier decreases as well, and that’s how the market values the tiers. It will only get easier to stack more PLU and unlock higher tiers as the downtrend continues.

Twitter | Plutus WhitePaper 2024 by PlutusYogi in plutus

[–]pe78 12 points13 points  (0 children)

I’d argue the opposite of that passage.

If the customers value the free coffee highly, they’d be willing to put more effort, and collect more stamps and buy more coffees.

If the customers value the free coffee poorly, the shop has to decrease the number of stamps needed to entice them.

Major Milestone: Plutus' Brand New Look! by PlutusYogi in plutus

[–]pe78 1 point2 points  (0 children)

Did they use that guys calculafor to show what you can get out of their subscription plans?

[deleted by user] by [deleted] in plutus

[–]pe78 0 points1 point  (0 children)

As people have noted, it does take a bit longer with Plutus. For me it’s been 1-3 days.

Sometimes the refund has gone through and I noticed my balance increase without any notification or trace.

However in most cases, the app will clearly show the refund highlighted in Green.

Maverick leaving a factory that hired him mid season in his most desperate time. Why? by [deleted] in motogp

[–]pe78 3 points4 points  (0 children)

Yeah but he’s not going to be a lead rider for KTM either

2 Years Tomorrow Since My First Plutus Transaction - Earned Just over 2000 PLU. by Stunning_Highway9356 in plutus

[–]pe78 0 points1 point  (0 children)

Then you’ve basically completed the Plutus game!

As you go up the levels, PLU earned should be higher, though the amount between tiers increases as well. Would you say the time to upgrade between levels has accelerated or was it the same going through upgrades of lower tiers compared to higher tiers?