Bitcoin Forum

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I have been noticing more and more factom.org transactions at coinsecrets.com.  factom seems to be the largest player in "hashed data storage" on the blockchain.

I am guessing that their BTC address (or one of them anyway) is this:

1FactomGnNFTsTVx8jiGjcLKDpyL65GDsH

Checking that address at blockchain.info yields a lot of interesting looking transactions, most of them for $0.12.

Hey, just reporting a curiosity here...

Lots of people received this dust. It s a new way of advertising.
Some people even claimed LTCgear started paying again and this is just a way to test the system. Guess it wasn't.

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Ahh, dust...  Well that would make sense that factom.org is sending out 12 cents (each) for name recognition.

That works out to some 0.0005 BTC per recipient.

Hey, factom!  Send some dust my way!   :)

And factom might communicate more about what they are doing (I am on their email list).  They are working an interesting niche that may wind up being big business.

Not sure if advertising or just wasting money...

i think they get a lot of people attention so most probably its a good way to advertise its just annoying

I've seen that method used before. And there was even post about in on bitcointalk as well. So I guess it is really not that bad method of advertising if people are talking about it already. You can just say it is like mail spam - but in bitcoin version.

and how about the fees of transactions dont they have to pay those or what? or is there a way to avoid fees?

The easiest way to get someone's attention, is to mess with their money or to give them money for free.

We have seen this before, but I reckon this type of advertising is going to get the opposite reaction. People are irritated with the "dust" it's creating in their wallet.

In my opinion, it's money wasted on bad advertising.  :(

Why didn't send me some dust too? :'(
I would pay 200 transaction fees with 50k satoshis...
Ps: I'm paying 1kb/1000 sats each and generally my each tx is ~226 byte and paying around 250 sats. 50k sats = 200 tx for me :/

It's annoying/flood tier advertisements. Is this going to be a legit thing beyond a pump and dump? considering getting some.

Why?

And you call yourself a professor.  ;D

My theory is that it's a tracking mechanism under the guise of a pseudo-viable entity. I witnessed the same tactic before with that 1Laxo... address. Remember it!

The ruse is to make it seem like only addresses publicly available are receiving dust, for who has the time to verify if such truly were/is the case with the exception of a person that's "so isolated" as Josh Zerlan refers to me as.

1FdHCgJgy41Zyp9DFmQGVEP9TTJaLFgfFp (http://www.walletexplorer.com/address/1FdHCgJgy41Zyp9DFmQGVEP9TTJaLFgfFp) is a BWA that had only one transaction prior to being tagged, as I contend. Click the link and see for yourselves. That address containing 1000 BTC was never published anywhere else on the internet. So, what's so unique about that address? It contains bitcoins that once belonged to BFL, then the FTC, then back to BFL. That's BFL's BWA.

I contend consider yourself fucked if you received dust from 1FactomGnNFTsTVx8jiGjcLKDpyL65GDsH (http://www.walletexplorer.com/address/1FactomGnNFTsTVx8jiGjcLKDpyL65GDsH) to a BWA you maintain(ed) that was NOT publicly available for capture via roaming bots to distribute dust under the guise of some advertising campaign.

In case you're wondering, the 1FactomGnNFTsTVx8jiGjcLKDpyL65GDsH (http://www.walletexplorer.com/address/1FactomGnNFTsTVx8jiGjcLKDpyL65GDsH) BWA has deposited BTC dust into other BFL BWAs to track their bitcoin movements, most addresses, again, not being publicly available. The tactic is akin to, and a lot cheaper than using marked twenty dollar bills to purchase drugs on the street while donning a wire with a dozen LEOs just around the corner at the ready to make a bust if the buy goes down.

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~16 minutes later...


That explanation DOESN'T fit my findings.

You can probably add

• 12AVjNhCGYKJMc5n1QtS5JWFE6aaKcK2WZ and
• 17aoBPmeDeZJt5ib9MP5dcdSZhHZTa42R5

to the list

• 1LaxoTrQy51LnB289VmoSAgN6J6UrJbfL9
• 1FactomGnNFTsTVx8jiGjcLKDpyL65GDsH

https://blockchain.info/address/12AVjNhCGYKJMc5n1QtS5JWFE6aaKcK2WZ

Amongst the multitude of Wallet Addresses it tags is 1F5RtdjZaDSBHmR3nRaveHTMgLsShC1zRi which receives 880.58144933 BTC from the Wallet [1ba3f28cac] which is the same group of Wallet Addresses which funds BitMillions https://bitcointalk.org/index.php?action=profile;u=77445 seed money https://blockchain.info/tx/c02dab9b143074f5bfa8eef2d1135e4dc16743e9f4658ee864727cb168a7e513 for their lottery http://archive.is/3LoY2

https://blockchain.info/address/1F5RtdjZaDSBHmR3nRaveHTMgLsShC1zRi Final Balance    880.59196933 BTC (as at today's date)

1LaxoTrQy51LnB289VmoSAgN6J6UrJbfL9 1FactomGnNFTsTVx8jiGjcLKDpyL65GDsH and 17aoBPmeDeZJt5ib9MP5dcdSZhHZTa42R5 all tag 1JqdadgxgxrnbEnfvohxtaSNbHt52kVLtC (Pool 4) which is where most of the BitMillions' (Pool 1,2 & 3) funds go to

https://blockchain.info/address/1JqdadgxgxrnbEnfvohxtaSNbHt52kVLtC Final Balance    1,396.45284401 BTC (as at today's date)

Six months after the bulk of the funds are shifted from Pools 1,2 and 3 to pool 4, 5.39713694 BTC is moved to Wallet Address 1JLL7M7uADbkccbF2Y4Jp3k4hGuBYndMkb where some is spent and an advertisement from a Ponzi Wallet Address     1F9uvnzpobffnF9e9AabAqnytWif1Zbk2j is the last transaction.

https://blockchain.info/address/1JLL7M7uADbkccbF2Y4Jp3k4hGuBYndMkb Final Balance    4.36508694 BTC (as at today's date)

So BTC 2281.40990028 have been tagged... (and have stayed unspent for close to three years now)

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If factom REALLY wants more attention, they should send out BTC and NOT just to sham addresses...  And enough to encourage at least some to spend it (I understand the amounts are tiny, but could be included with other BTC to actually BUY something and maybe spread the word.)

Tiny amounts and a secretive approach don't seem like smart marketing to me.

And, they have had some time to implement their ideas.  Unless something I don't know about is going on, they seem to be losing mind-share.

some of the yt links on their frontpage are expired

now thats not good advertising

where can we view project gutuenberg books on the blockchain

no way u could store this amount of data on the btc blockchain

Pretty interesting advertising method, although not the most efficient. Free money is free money. Most people don't look very far into where it came from, or whom it's from.

well its a scam no doubt

webpage has banker signature all over it ie cheesy webpage

so as mentioned above its an IP tracking tool

Is factom still around?

Resorting to spam-like advertising seems to be a rather good indication that the project hasn't gained much traction yet. Personally I find the idea of using the blockchain as a (time-stamping) authentication system pretty interesting. However I'm doubtful if one would really hire services like the ones offered by factom for such a simple task.

ya.ya.yo!

it's an obvious scam did u read the posts above