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121  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: May 01, 2016, 06:12:05 PM
Does anyone else get the feeling that Factom is in some sort of unannounced partnership with IBM?
122  Economy / Services / Re: Need Wordpress upgraded and theme/plugins made to work with upgrade on: April 28, 2016, 08:03:19 PM
I still need help with this.  To clarify, the theme and a couple plugins are custom so you MAY need to do some coding to make them work with the upgraded wordpress.  I don't know.
123  Economy / Services / Need Wordpress upgraded and theme/plugins made to work with upgrade on: April 28, 2016, 06:03:15 PM
I have a website with a wordpress front end.  I need wordpress upgraded and the theme/plugins made to work with it as well.  If you have expertise in this area, please contact me.  I am willing to pay a fair rate.

Thank you.
124  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: April 27, 2016, 01:01:18 PM
Could anyone confirm if I get this right: I could use Factom block chain for making entries just by purchasing Entry Credits and I wouldn't need Factoids to do that. Is it correct?
You can buy Entry Credits directly so that you never have to "touch" a Factoid.  But the store you buy the EC's at is using Factoids to get Entry Credits.  So even if YOU bypass Factoids, they are still used by the store.  The store simplifies the process which is quite brilliant and should increase adoption.
125  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: April 27, 2016, 12:59:14 PM
3.7 is out.  Looks like they finally tracked down the china firewall bug.

Block explorer stuck for anyone else?
126  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: April 17, 2016, 04:08:19 AM
Could you please link me to such a comment as I can't seem to find it.

https://www.youtube.com/v/X3rM2TQJt7o&start=314&end=359&version=3

Let me expound on why I like the analogy.

Factom is being built by experienced professionals with a history of delivering finished products.  The median age of the team is probably around ~40 years old. 

Factom is a protocol optimized for securing truckloads of data, in order to deliver useful business/societal value.  It is operating at the frontiers of technology as well.

Factoids are not trying to be money.  They are to serve as the hardware reward mechanism coupled with the user antispam mechanism.  Factoid value is a prediction on the use of Entry Credits.  This is in contrast to Bitcoin being money; a store of value with lunar potential.

That being said, I am predicting many Entry Credits will be used.


Thank you.  I think I'll pick up a few more FCT.
127  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: April 17, 2016, 02:15:35 AM
Excellent Analogy!

You are showing the space shuttle: a 40 year old space truck which never goes to the moon.  It goes up and down to get useful work done.  Sometimes it touches a high geostationary orbit, but comes back down right after.  https://en.wikipedia.org/wiki/Geostationary_transfer_orbit

You've made quite a few comments like this as of late.  I've been searching for when you or another Factom employee made such comments during the initial offering of Factom.  Could you please link me to such a comment as I can't seem to find it.

Thank you.
128  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: April 14, 2016, 04:33:56 PM

Could someone please communicate to Peter Kirby that it's not a good idea for the CEO of a company to state, "Our regulators suck" in a widely public medium?

Factom executives are going to need to be much more sophisticated if they are to successfully traverse an immature regulatory environment in a beneficial manner.

Thank you.
129  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: April 03, 2016, 11:17:37 PM
Quote
The leaked files show the firm regularly offered to backdate documents to help its clients gain advantage in their financial affairs

Thanks!  I hadn't noticed this.  I am also working on a blogpost about trusted timestamping as a possible motivator for Bitcoin.  I will use this as an example of the failures of trusted timestamping.


You're welcome.  I doubled my position in Factom after reading that.  I believe as the magnitude of the fraud and corruption are shown via the Panama Papers, people will come to understand the importance of having auditable, verifiable documents and Factom will lead the way in that regard.  I hope your marketing team seizes upon this opportunity.  At the very least, a video would be useful.

I look forward to your blog post.
130  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: April 03, 2016, 09:53:35 PM
Have you guys heard about the, "Panama Papers" yet?  Well, once the world begins to digest this, it will be HUGE for Factom.  Why?

"The leaked files show the firm regularly offered to backdate documents to help its clients gain advantage in their financial affairs. It was so common that in 2007 an email exchange shows firm employees talking about establishing a price structure - clients would pay $8.75 for each month farther back in time that a corporate document would be backdated."

Source: http://panamapapers.sueddeutsche.de/articles/56febff0a1bb8d3c3495adf4/

The world is going to begin to demand that documents not be able to be backdated.  And they will turn to Factom.

This is going to be HUGE for Factom.
131  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 31, 2016, 04:23:36 AM
Here come the trolls.. Wow. As soon as there is any good news you can count on them to show up in full force and bring their FUD. Definitely time to buy and hold folks. Enough said.

I'm not trolling, as I said, I'm invested for the long haul.  If I'm wrong about something, please point it out.  I'm presenting my theory based upon the statements of the lead developer.

Or I'd love a Factom employee to explain how I'm wrong.  I'd love to be very wrong and pick up some more Factom if it's actually underpriced.  But based upon my analysis, it's overpriced at present.

Haha invested, what a joke.. waste of time trying to respond to a paid troll. Your history convicts you my friend. Please go find another incredible coin to troll and maybe you'll have better luck. Likely not. Trolls are so easy to spot these days it's almost hilarious.  

http://imgur.com/kZq1yRu - A screenshot from Poloniex

I suspect you've invested more than you should in Factoids.  If you're getting that upset, you may want to evaluate how much you're investing into your various cryptocurrencies.  

And did you actually read my post history?

Wow you are good! I have invested in Factom and do believe in this team. IMO this is the best time to accumulate. Time will tell if I'm right.

Oh by the way if you think factoids are so 'under valued' because of your fantastic analysis why don't you sell now and buy back cheaper.

Because I'm an investor, not a trader.  I create an entry position and then continue to buy on the way up as fundamentals support increased prices.  If fundamentals don't support increased prices, I don't buy.  Right now, I don't see the fundamentals supporting the price.  Hiding that fact won't change much as the market always finds the fair price.
132  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 31, 2016, 04:07:42 AM
Here come the trolls.. Wow. As soon as there is any good news you can count on them to show up in full force and bring their FUD. Definitely time to buy and hold folks. Enough said.

I'm not trolling, as I said, I'm invested for the long haul.  If I'm wrong about something, please point it out.  I'm presenting my theory based upon the statements of the lead developer.

Or I'd love a Factom employee to explain how I'm wrong.  I'd love to be very wrong and pick up some more Factom if it's actually underpriced.  But based upon my analysis, it's overpriced at present.

Haha invested, what a joke.. waste of time trying to respond to a paid troll. Your history convicts you my friend. Please go find another incredible coin to troll and maybe you'll have better luck. Likely not. Trolls are so easy to spot these days it's almost hilarious.  

http://imgur.com/kZq1yRu - A screenshot from Poloniex

I suspect you've invested more than you should in Factoids.  If you're getting that upset, you may want to evaluate how much you're investing into your various cryptocurrencies.  

And did you actually read my post history?
133  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 31, 2016, 03:53:03 AM
Here come the trolls.. Wow. As soon as there is any good news you can count on them to show up in full force and bring their FUD. Definitely time to buy and hold folks. Enough said.

I'm not trolling, as I said, I'm invested for the long haul.  If I'm wrong about something, please point it out.  I'm presenting my theory based upon the statements of the lead developer.

Or I'd love a Factom employee to explain how I'm wrong.  I'd love to be very wrong and pick up some more Factom if it's actually underpriced.  But based upon my analysis, it's overpriced at present.
134  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 31, 2016, 03:44:35 AM
I well understand how it works for Factom, ensuring they and their clients will never reach a position where the Factoid are prohibitively expensive to buy off market.

What I don't understand is how the increased adoption benefits us the coin holders, as any temporary price increase will be always balanced downwards (the more EC's used and more Factoids are burnt / purchased, the more the increased EC/Factoid exchange rate will push the price back).

I love this project and have invested a little for the LONG haul, but the fact is, Factoids are horrendously overpriced at present.  How do I know this?  From Brian Deery's post here: https://www.reddit.com/r/factom/comments/47nyx0/thoughts_of_the_economic_model_of_factom_and/d0gqwdz
Quote from: Brian
The Factoids also are a reward to the servers to pay for engineering time, server, and bandwidth costs. The current market price of ~1$ roughly corresponds to a steady state prediction of about 800 gigabytes/year being added to the system or about 27 TPS.

1 entry credit allows you to enter up to 1kb of data according to the store here: https://www.factom.com/entry-credits/

What that means, is that at a Factoid price of $1.00, 800 gigs a year allow for 800,000,000+ entry credits to be used.  If you look at the blockchain, on 10/05/2016 they entered Project Gutenberg into the chain which consisted of over 22,000 books. Not single documents, but BOOKS. By my rough count, 22,000 books used up around 20,000 entry credits.

If I'm correct, and I believe I am, this means Factoids are pretty darn overpriced right now.  Sad  At a current price of $1.70, that means we're looking at needing to use 1,360,000,000 entry credits.
135  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 30, 2016, 01:13:03 PM
Team Factom,

Despite a couple vocal individuals, please know that the VAST majority of us are very supportive of you and appreciate your hard work.  I know how hard what you're doing is and I am thankful for you.

Keep up the good work!
136  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 25, 2016, 01:28:12 AM
Great update from Factom:

https://www.factom.com/500000th-factom-entry-latest-news/

Quote
“It is gratifying to see that Factom can indeed deal with the hyperbolic growth we’ve seen in the number of entries. We expect Factom usage to increase going forward at an even higher pace.” – D. Robert Baker

The very last video on the page is a VERY good watch (fast forward to Johnson's part).
137  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 23, 2016, 12:43:17 AM
As I was shipping a package today, I realized another enormous use case Factom would be perfect for is tracking data.
138  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 16, 2016, 04:09:38 PM

Wow.  Can someone please record his testimony please?
139  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 16, 2016, 04:28:43 AM
Is my math correct? Current price, btc .0050903 roughly $2.10 = 2100 EC. If servers were online 75k tokens per month would generate at this price $157 500.00 you'd need to have 157,500 000 entries to burn that amount.

Do you guys have use cases that require millions of EC's per month? just curious:)

When the Factom explorer went live on 09-01 there were about 8759965.42635400 factoids.  Now there are
8753230.36770280.

So around 6700 burned in a little more than 6 months or about 1000 per month.  And not much is going on but testing.

Point being, I suspect we'll be seeing deflation before too long despite the 73,000 factoids being created per month.
140  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 08, 2016, 03:29:50 PM
I will pay .25 BTC to someone who writes a step by step (with pictures) guide on how to withdraw FCT from Poloniex to the paper wallet.  It should be moron proof.

For safe storage of factoids, use only paper wallet (factoidpapermill).
"How To Use FactoidPapermill" - http://factom.org/howto#collapse-1-5

If you are running on Windows, just open cmd.exe with at the command prompt.

Then in the dialog box, simply list the path to the place where you installed the program FactoidPapermil (FactoidPapermil.exe)

Then run the program and automatically receive the generated secret key and your new address factoids. After that transfer from Polo Exchange to your new address your factoids. For safe storage, print out all of your secret keys and new addresses on paper. And also make multiple copies such as a flash drive.

I appreciate it but I am looking for a step by step guide (with pictures) for people who are not tech savvy.  As a community, we need to begin to develop such things.  For example, I have a friend looking to buy some Factom but he's not tech savvy and needs to know how to withdraw it from Poloniex.  Without the guide, we are losing buyers like my friend.
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