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Title: [2015-04-16] Factom Will Sell Up to 100% of its Bitcoin Reserves Post by: byt411 on April 16, 2015, 09:33:30 PM http://www.coinbuzz.com/2015/04/16/factom-a-bitcoin-2-0-project-will-sell-85-100-of-its-bitcoin-reserves/
Factom, a Bitcoin 2.0 Non-Profit Organization, is going to sell 85-100% of its bitcoin reserved raised in its crowdsale. Title: Re: [2015-04-16] Factom Will Sell Up to 100% of its Bitcoin Reserves Post by: bryant.coleman on April 17, 2015, 11:12:07 AM Reminds me of the Ethereum Bitcoin dump. They had dumped some 30K coins all of a sudden, which crashed the Bitcoin prices then. And now it is the turn of Factom to dump their coins.
Title: Re: [2015-04-16] Factom Will Sell Up to 100% of its Bitcoin Reserves Post by: cbeast on April 17, 2015, 02:10:12 PM Reminds me of the Ethereum Bitcoin dump. They had dumped some 30K coins all of a sudden, which crashed the Bitcoin prices then. And now it is the turn of Factom to dump their coins. I wonder why they use Bitcoin for their fundraisers and not wire transfers like bitcoins are bought.Title: Re: [2015-04-16] Factom Will Sell Up to 100% of its Bitcoin Reserves Post by: srgkrgkj on April 17, 2015, 02:29:07 PM argh im worried again the last time a company decided to do this the markets went into trunmoil :(
Title: Re: [2015-04-16] Factom Will Sell Up to 100% of its Bitcoin Reserves Post by: byt411 on April 17, 2015, 03:59:36 PM Reminds me of the Ethereum Bitcoin dump. They had dumped some 30K coins all of a sudden, which crashed the Bitcoin prices then. And now it is the turn of Factom to dump their coins. I wonder why they use Bitcoin for their fundraisers and not wire transfers like bitcoins are bought.That's probably because people can donate small amounts to them easily, and money can also be potentially laundered. Reminds me of the Ethereum Bitcoin dump. They had dumped some 30K coins all of a sudden, which crashed the Bitcoin prices then. And now it is the turn of Factom to dump their coins. Yup, that's why the Ethereum dump was also referred to in the article. argh im worried again the last time a company decided to do this the markets went into trunmoil :( We are already in turmoil lol. Title: Re: [2015-04-16] Factom Will Sell Up to 100% of its Bitcoin Reserves Post by: bryant.coleman on April 18, 2015, 08:42:50 AM Reminds me of the Ethereum Bitcoin dump. They had dumped some 30K coins all of a sudden, which crashed the Bitcoin prices then. And now it is the turn of Factom to dump their coins. I wonder why they use Bitcoin for their fundraisers and not wire transfers like bitcoins are bought.That is mainly because they are fundamentally opposed to centralized banking. They want to encourage the use of digital currency (well... that is what they are claiming). For them, Bitcoin is better than fiat. Title: Re: [2015-04-16] Factom Will Sell Up to 100% of its Bitcoin Reserves Post by: jjacob on April 18, 2015, 10:42:33 AM Reminds me of the Ethereum Bitcoin dump. They had dumped some 30K coins all of a sudden, which crashed the Bitcoin prices then. And now it is the turn of Factom to dump their coins. I wonder why they use Bitcoin for their fundraisers and not wire transfers like bitcoins are bought.Bitcoin is a better currency? :) It would be easy to transfer small amounts across the globe without worrying about transaction costs if we use Bitcoin. |