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121  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 20, 2017, 07:50:18 PM
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Still 0.1 cent of Factoids are burned per entry credit, some companies just overpay to avoid the hassle.

Have you ever heard of a "cent" of a Factoid? It is cent of a dollar. 1 dollar will give you 1000 entry credits.

Entry credit price is unrelated to Factoid market price!
122  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 20, 2017, 02:53:02 PM
If I belive in Factom why should I not buy Factom stocks instead of factoids?

So go buy stocks, what s the problem there?

I really do not understand troll mentality here. If you do not like some coin/token/service and you like some other coin/token/service, why you waste time and energy on the thread of coind/token/service you dislike? Sell you stuff and move to that side where you feel comfortable, right?

There s big difference between stock and token, in terms of potential reward but also in terms of actual investment.

Most of people here come and cry how come Factom has not duplicated Dash price rise. Let me go back to these people and ask them, why didnt u buy Dash or Ether or Zcash or whatever when it was $1? Exactly due to the same reason you do not buy Factom now, u probably spent time on their forums saying how those coins re shit. That kind of mentality makes you start appreciating something once it has skyrocked in price. At that point, it s too late, my friends.

You need to seize the opportunity BEFORE it has started to grow and expand. That s the whole point of investing.

I try to understand why I should buy FCT and I have not got any good answer yet. As I understand it factoids are totally superficial and the Factom project could very well get rid of them without impairing any functionality.

Please consider answering my question:

How many Factom Entry Credids (EC) will you get for one Factoid (FCT) and how is that related to the FCT price?

The answer will be very surprising to you I think.



It's not that hard to understand man, Entry Credits are pulled straight from Factoids AFAIK, they are not created from thin air. If there's enough demand for them this will burn a lot of the supply. So it depends on how succesful Factom will be, and the same applies with buying company shares. If there's not enough clients or interest both Factom price and company shares will plummet.

No one has addressed the fact that the price of FCT can be manipulated by Factom changing the ratio of FCT to EC. And they can control the desirability of purchasing FCT by altering the price of EC at their shop.
123  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 20, 2017, 11:47:26 AM
If I belive in Factom why should I not buy Factom stocks instead of factoids?

So go buy stocks, what s the problem there?

I really do not understand troll mentality here. If you do not like some coin/token/service and you like some other coin/token/service, why you waste time and energy on the thread of coind/token/service you dislike? Sell you stuff and move to that side where you feel comfortable, right?

There s big difference between stock and token, in terms of potential reward but also in terms of actual investment.

Most of people here come and cry how come Factom has not duplicated Dash price rise. Let me go back to these people and ask them, why didnt u buy Dash or Ether or Zcash or whatever when it was $1? Exactly due to the same reason you do not buy Factom now, u probably spent time on their forums saying how those coins re shit. That kind of mentality makes you start appreciating something once it has skyrocked in price. At that point, it s too late, my friends.

You need to seize the opportunity BEFORE it has started to grow and expand. That s the whole point of investing.

I try to understand why I should buy FCT and I have not got any good answer yet. As I understand it factoids are totally superficial and the Factom project could very well get rid of them without impairing any functionality.

Please consider answering my question:

How many Factom Entry Credids (EC) will you get for one Factoid (FCT) and how is that related to the FCT price?

The answer will be very surprising to you I think.

124  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 20, 2017, 10:45:29 AM
Have you ever asked your self the question how many Factom Entry Credids (EC) you will get for one Factoid (FCT) and how that is related to the FCT price?
125  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 20, 2017, 10:26:08 AM
If I belive in Factom why should I not buy Factom stocks instead of factoids?
126  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 19, 2017, 10:07:44 AM
If someone buys entry credits with dollars where are those burned factoids taken from?

How much dollars does it cost to buy storage? A factoid could not be considered to be worth more than the equivalent dollar value that it costs to buy entry tokens for factom blockchain storage right?
127  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: March 19, 2017, 09:29:34 AM
Why do factoids have a value and what is a plausible value for a factoid?

In various circumstances I constantly see people calling the crypro currecy with the abreviation FCT for "Factom" when the correct name for the currency associated to the Factom project is Factoid.

Why do the cryptocurrency factoid have a value? It is possible to buy storeage space on the factom blockchan with it but I can also use dollars to do the same thing. The supply is not limited and the inflation in the future will be 73000 new factoids a month which is about 1% a month.

We all know that factom project is backed by Microsoft etc. But if I like to buy on factom blockchain storage I dont even need factoids. Factom project could very well be very suceessfull in the future, but that doesnt imply that the crypto currency factoid will have much higher value than it has right now.

What is your argument for that a factoid should have a much higher value in dollars than it has now. What is a fair value for a factoid according to you?
128  Alternate cryptocurrencies / Announcements (Altcoins) / Re: IOTA on: July 16, 2016, 02:29:11 PM
Do you think I can programmatically iterate over short seeds padded by 9:s and swoop up gullible noobs IOTAs?
129  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [IOTA] IOTA Speculation on: July 16, 2016, 02:07:42 PM
Why would IOTA be preferable instead of 500 other cryptocurrencies?
130  Alternate cryptocurrencies / Announcements (Altcoins) / Re: IOTA on: July 16, 2016, 01:08:53 PM
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Seed: 81-char string consisting only of uppercase latin letters and 9's which is used to access an account. A seed is like a private key/password.

So if I use a ten letter seed will it be padded with 71 number 9:s to get the total length of 81-chars?

131  Alternate cryptocurrencies / Announcements (Altcoins) / Re: IOTA on: July 15, 2016, 10:43:43 PM
- seed is a brainwallet yes so if you use "test" anyone else that uses that same phrase can access your account. Use 81 characters A-Z and number 9.

- Sign up to slack.iotatoken.com and come to the chat to ask for neighboring nodes.


Why do you talk about a limitation of big letters and number 9 and a lenght of 81 chars? What will happen if I use other characters as seed and shorter string?
132  Alternate cryptocurrencies / Announcements (Altcoins) / Re: IOTA on: July 15, 2016, 07:24:36 PM
I have istalled the IOTA wallet 1.0.0. It looks good. But I have some questions:

My first question is what is seed/password? I can write anything and come in. Does it mean that if I write someone else seed I will get access to his IOTAS? If I log in with a short seed like "test" and people send IOTAs to it, will my IOTAs be accessible to all people that log in with "test" seed? Is an "account" in IOTAs only a long "seed" string of characters that is very unlikely to be repeated? So to get an "account" I just invent a random long string and use it as a seed?

Question 2. I following message: Add more nodes you only have 1. Try to add at least 7. What should I do about it?
133  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [IOTA] IOTA Speculation on: July 15, 2016, 06:19:14 PM
Where can I download IOTA GUI wallet?
134  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [IOTA] IOTA Speculation on: July 14, 2016, 03:47:10 PM
Where can I download a functional GUI wallet?

What is the marketcap att current price?

When can I expect market inroduction?
135  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [IOTA] IOTA Speculation on: July 13, 2016, 10:48:35 PM
I have two questions:

Do you have a GUI wallet yet? If I want to buy IOTA:s from someone how am I supposed to recieve them?

How are you going to hande all those zeros at an exchange? 1 Iota is not worth more than 1 satoshi but much less. Are you still not planning to have any other units than 1 IOTA without decimals?

136  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] WAVES. Ultimate crypto-tokens blockchain platform. on: June 23, 2016, 07:53:47 PM
I changed the adress in the ICO wallet there is only one field to change adress.

I got this message to my email:
Quote
Your waves address has been changed successfully.
If you did not change your address, please contact us immediately.
137  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] WAVES. Ultimate crypto-tokens blockchain platform. on: June 23, 2016, 07:37:19 PM
I changed my wave wallet adress to my bittrex account address. I got a confirmation mail that adress has been changed. But I still have zero Waves in my Bittrex account. What is the problem? I think the way Waves are transfered out from the wallet is very strange.
138  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] WAVES. Ultimate crypto-tokens blockchain platform. on: June 21, 2016, 02:41:05 PM
I have changed my adress to the address I got from Bittrex and I have prepended an 1W to it. But there are no Waves in my Bittrex account.
139  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] WAVES. Ultimate crypto-tokens blockchain platform. on: June 21, 2016, 02:31:20 PM
I participated in Waves ICO and I have Waves in my https://ico.wavesplatform.com/account - wallet. I Would like to try to send some Waves to Bittrex but I dont see any option that enables me to sent Waves out from the ICO-wallet. Does anyone have any suggestions how to do?

Use bittrex to generate address then add 1W in front of it and add it into your ICO account..

I only see the option "Please backup your seed Example: 1W...................................".

Is it this?
140  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [PRE-ANN] WAVES. Ultimate crypto-tokens blockchain platform. on: June 21, 2016, 02:23:31 PM
I participated in Waves ICO and I have Waves in my https://ico.wavesplatform.com/account - wallet. I Would like to try to send some Waves to Bittrex but I dont see any option that enables me to sent Waves out from the ICO-wallet. Does anyone have any suggestions how to do?
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