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2021  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Tao - Smart Contracts for Real Life - The Crowd Sale on: August 12, 2016, 11:10:06 AM
I personally don't pay much attention to the drama. I also don't criticize that he played some experimental games. Everybody knows that this is an experimental space and a high risk-market. So it's kind of normal that many projects will die and a lot of Developers move on to other projects and start something new - and some do it again and again etc.

But what I think is revealing: He doesn't answer on questions that are fundamental.
This one for example: https://bitcointalk.org/index.php?topic=1567647.msg15892953#msg15892953

What I believe to see here is that he uses the drama. All of his friends and also he himself defend this more about personal-topics and how bad those are who scream "Scammer" and how toxic BCT is etc. But nobody talks about this ICO and how it's handled, the tech, the economical side, and so on. It's a total lack of professionalism in my opinion and my impression is: It's all rushed out. And every time something is rushed out the priority is "money soon".

My personal conclusion is: This won't have any chance and there is a high risk that it will end like the other experiments of B. Weiner. And for now I don't believe it's really legit, because it's never a good sign if somebody avoids to reply on questions about fundamentals while he himself raised a lot of questions in the interview.

2022  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [FCT] FACTOM - HOW FACTOIDS WORK - PRICE SPECULATION on: August 12, 2016, 10:59:52 AM
Tempus thanks for the informative reply. But it looks like there is a correction in price. This may be a good time to add more FCT while it is stable. Or maybe wiat for it to go down more? What do you think?

No problem!

I believe it's not predictable for the next days. If you want to buy, maybe don't do it at once but with a focus on a good average. At least the weekend will most likely be quiet and if there should be a combination of "bored/impatient" and "profit-taking" it will go down. But I don't believe it would go down much. I only would expect that if Bitcoin should shoot up. But I don't believe that will happen for the weekend but in general I believe it will go back where it was before the Bitfinex-hack. 

On the other side it's obvious that Factom gets more and more attention and I believe that's a tendency that will continue to increase.
And what I believe is that we can expect more good news in the "near" future. Not sure if days or weeks but I don't believe that it will be boring for a longer time-frame.

So, I'm really unsure regarding short-term. In longterm I'm sure that Factom (and the price) has a lot of potential. Most important in my opinion is: No bad news.
2023  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: August 12, 2016, 09:43:47 AM
How can i do something similiar to cold storage with factom ?

The site which someone on reddit referred to : http://factom.org/howto is not found ?


They use the "com-domain" now:

https://www.factom.com/howto/

Cold-storage: Papermill
2024  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: August 11, 2016, 10:52:03 PM
I've been pondering the Factom system.

Entry Credits can't be transferred.  As such, do I understand correctly that in order to run an Entry Credit Store, you will need a Federated Server?

What happens if you have an Entry Credit Store and someone buys 1000 EC's off you and your Federated Server gets demoted?  That person loses their money, right?

Are there any plans to certify Entry Credit Stores somehow so people can avoid being scammed by fake stores?

You don't need a federated server.

Example:

You are allowed to run such a site (no clue about the law) and you open a EC-store. You buy Factoids on Poloniex and I'm your first customer. I pay $0.005 per EC (let's say for 1000 EC's) with Credit Card and you send me Factoids on my EC-address. You make $0.004 profit.

But: You also have the risk of a volatile Factoid-market.

Sending FCT to an EC address automatically converts them?

Yes. 
2025  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: August 11, 2016, 10:44:08 PM
I've been pondering the Factom system.

Entry Credits can't be transferred.  As such, do I understand correctly that in order to run an Entry Credit Store, you will need a Federated Server?

What happens if you have an Entry Credit Store and someone buys 1000 EC's off you and your Federated Server gets demoted?  That person loses their money, right?

Are there any plans to certify Entry Credit Stores somehow so people can avoid being scammed by fake stores?

You don't need a federated server.

Example:

You are allowed to run such a site (no clue about the law) and you open a EC-store. You buy Factoids on Poloniex and I'm your first customer. I pay $0.005 per EC (let's say for 1000 EC's) with Credit Card and you send me Factoids on my EC-address. You make $0.004 profit.

But: You also have the risk of a volatile Factoid-market.
2026  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: August 11, 2016, 10:39:20 PM
Snow: “The token supply can grow (if speculators drive up the price) until the price stabilizes. And the token supply can fall (if speculators drive the price down) until the price stabilizes. But in both cases, the stable price is when the value of the token matches the money real applications are spending to buy Entry Credits in order to put data into the protocol. That is because the 73K factoids generated each year naturally trends to the value of the factoids drained from the supply to write into the protocol. If people are spending 1 million dollars to put data into factom per year, then 73K factoids should be worth 1 million dollars.”

Can you link to where this quote is please?

It's from an AMA:


https://forum.bitcoin.com/ama-ask-me-anything/i-am-paul-snow-the-architect-of-factom-and-chair-of-the-texas-bitcoin-conference-ask-me-anything-t4026.html

Actually this is an interesting quote to zero in on. We've been discussing off-and-on what a "natural" or fair price for FCT would be in the future, and this quote seems to provide a strong clue. Given the price-stabilization that Paul Snow mentions, it should, I believe, be possible to deduce a FCT price based on various level of system-use. Fsr I'm having a tough time wrapping my mind around how exactly to do this ... but if someone could provide test examples of moderate/reasonable Factom use in the future—based on current usage trends, etc.—it should be possible to reverse-engineer what the prices of FCT would be in order to maintain the price stability Snow mentions. So with light / medium / heavy use over the next, say 5-10 years, FCT should be worth X / Y / or Z. Thanks to anyone able to give this calculation a crack.

I just see that P. Snow made a mistake there: "73K factoids generated each year" - it's per month. Or I'm wrong and that would be very good news. ;-)


What you say is interesting, but it's not really possible. It would be not much more than guessing, because we have too many unknown quantities:

We can't know how many and "who" (which companies) will use it - and if: when and how.


Plus: I'm not sure if that is still the plan, but it's possible that the federated server will set the price for EC's. I hope that will happen, because they will be paid with Factoids, so they have incentive to do it for a high value of FCT's the best they can. A high price would burn more Factoids per Entry, but the demand would decrease. A too high price would make some use-cases too expensive. And the other way around. So, I believe they will react on how Factom will be used.

Besides all what we can't know, that's an additional unknown quantity.


My personal calculation is very simple:

We already have proof that companies and institutions are already interested, even before the system is totally finished. We know that the team is very professional, skilled and also experienced, diligent and honest. We also know that they are well funded. We know that institutional Investors already tripled the value of Factom-Inc. to about $30 Mio.

What I expect is not just a continuing tendency of what we've seen since launch or at least January.

I believe the more objective parts will:

- continue
- increase
- accelerate


.....if there won't be a "black-swan-event".


In general I don't think much about objective prices, but about impact on the market (what I've often called psychological market). Or more precise: Even objective informations, like "partnership with x and demand of y", will only move the price because of impact on the market.

That's why we have to think about:

- attention (quantity)
- knowledge (quality: how informations are interpreted)

- identification
- image
- etc.

...but also: irrationality.


And there is one fact: Buying and selling and demand will always be under the control of humans. Buying and selling will always be based on decisions based on interpretations. That's true for EC-demand, and that's true for the price of Factoids. And that would even be true if we would exclude speculation on exchanges because if we think about Factoids it will be always about a Factoid-market. Objectivity is in fact an illusion and will always be.

That's why I play this game more with a focus on "humans". Teams on one side, their ideas, how they act, how they communicate etc. On the other side reactions of "the market" (we all). And one thing is safe: The team won't stop. Factom won't fall asleep. Attention will increase and knowledge will increase. And that will happen in a general growing market.

My simple conclusion is: Only a catastrophic event could prevent higher prices. The rest is about time.
2027  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: August 11, 2016, 08:12:16 PM
Snow: “The token supply can grow (if speculators drive up the price) until the price stabilizes. And the token supply can fall (if speculators drive the price down) until the price stabilizes. But in both cases, the stable price is when the value of the token matches the money real applications are spending to buy Entry Credits in order to put data into the protocol. That is because the 73K factoids generated each year naturally trends to the value of the factoids drained from the supply to write into the protocol. If people are spending 1 million dollars to put data into factom per year, then 73K factoids should be worth 1 million dollars.”

Can you link to where this quote is please?

It's from an AMA:


https://forum.bitcoin.com/ama-ask-me-anything/i-am-paul-snow-the-architect-of-factom-and-chair-of-the-texas-bitcoin-conference-ask-me-anything-t4026.html
2028  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Tao - Smart Contracts for Real Life - The Crowd Sale on: August 11, 2016, 07:18:25 PM
Really interesting thread. Because.... nobody seems to be interested. Not even the Dev-team.
 

Thank you for your concern. We have been working on the back end on promotions, partnerships, and forming new ones as well.

There is much more to come, and we invite you to come back and review!

So, you don't think it's necessary to explain some things? This for example:

This is also interesting:

https://youtu.be/0dX18EZKiyk?t=1h9m40s

Bryce says, that TAO is basically PoS with a very tiny PoW. They talk about the security and immutability of the network and about the possibility that somebody could buy  > 50% of TAO. And B.W. claims, that it's impossible to buy 51% of the network, no matter how much money - but that it would be "improper" to point that out.

And, of course, usually it's impossible if a team, maybe plus friends, already own at least 51% of the total supply. And his interviewer asks him directly if he is speaking about self-buying - and Bryce doesn't answer, just smiles.  

(...)

?




I really don't get how somebody can do such a non-professional ICO (no escrow, no rules at all how it seems but already spending funds), raise a lot of serious questions while hyping this in an interview, and not saying anything at all.

But of course, some send a little money though. So it's all fine... ;-)  
2029  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: August 11, 2016, 12:37:31 PM
Can anybody explain in easy words :

What is the difference in buying Factom / Factoids ?!? on an exchange like polo and invest in the Series A on BnkoftheFuture?

And how many Factom Coins will there ever be created ? Is there any distribution roadmap?

Why does the Coins have any value at all , where are they used for ? Same principle like gas in ethereum ?

Factom has two parts:

1. The open-source-system - the Blockchain, the protocol

2. Factom as a company


Factoids belong to 1.

Shares belong to 2.


Factoids are something like the system-currency. The main purpose is: About 73.000 new FCT's per month as payment for those who run the federated servers.

But also: Whenever Customers purchase Entry Credits, Factoids are converted into Entry Credits and consumed/burned - out of the system.


That means:

On one side is Factoid-creation ("Inflation"): 73k Factoids per month
On the other side is consumption: Factoid-to-Entry-Credit-conversion - burning

That also means:

The higher the demand for EC's, the more Factoids will be burned, the higher the price has to rise or otherwise more Factoids would be burned than new created.  



Who wants to know what Entry Credits are and what advantages they have:


(...)

Entry credits are created out of factoids (by burning them) at an exchange rate dictated by the system, but they can't be turned back into factoids

Entry credits can be created ahead of time to lock in their factoid-entry credit exchange rate, and used later down the line

The exchange rate is tweaked by the system to stabilise the price of entry credits, while still allowing factoids to be a free-floating currency

Entry credits can only be spent (burned) to store entries into Factom - they can't be spent elsewhere

Entry credits are not transferable - they can only be spent by the account that received them during the factoid->entry credit conversion

These restrictions create a few interesting features for the system that I don't see explored much in other cryptocurrencies:

It is possible to put a large amount of entry credit tokens on a hot wallet without worrying much about theft - any would-be hacker wouldn't be able to cash out the stored value, only spend it. This makes production servers much less of a target for attacks.

Being able to lock in the price of the tokens ahead of time means companies can budget ahead of time and don't have to worry about token volatility

Having the exact amount of tokens in an account, one always knows how many transactions they can perform in the system before running out
http://bravenewcoin.com/news/transactional-currencies-entry-credits-and-gas/
2030  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [FCT] FACTOM - HOW FACTOIDS WORK - PRICE SPECULATION on: August 11, 2016, 11:33:01 AM
Factom is still going strong. Does anyone have any solid idea what the reason is? I speculate that it will still go up more. But until it will reach the same volume ETH, it will not fly like it.

Reasons are the chinese article about a partnership with datayes (just look above, my last post). Everybody is waiting for an official announcement, but they already confirmed it because DataYes is already included in their data-statistics here: https://docs.google.com/spreadsheets/d/1RUZLxxoAfT3C5jIJ144DLYdztYe_sqrKqbTlZuD05-s/edit#gid=445871101

And there is also a very successful selling of shares: https://bnktothefuture.com/pitches/factom-series-a

People also expect some media-echo because of that.

And the next release, Milestone 2 should be near.

Ok but what is your opinion on Datayes? I have not heard about it before and I see no reason to get excited about it except that the price of FCT is going high. Smiley

Is Datayes a big company in China?

What you need to know about Factom is: It will be all about the demand for Entry Credits. EC's are like the licenses to record hashes of data into Factom. And every time EC's are purchased, Factoids are converted into EC's and consumed (out of the system - "burned").

That means: The more demand, the higher the price has to be or the total supply would decrease (Inflation/payment for federated servers is about 73k FCT per month).


And this new partnership is big. This is Factoms official announcement:


DataYes + Factom Announce Collaboration

Immutable Stock Market Data Is Now Available To the World


(…)

“Some of the largest stock markets and the most valuable companies in the world are in China and so we believe it’s important to make their pricing data available to developers on a blockchain.” Said David Johnston, Chairman of the Board at Factom

Today the exchanges send out the ‘mark to market’ price and we record them in blockchain as a two-step process. As Blockchain technology matures in the future, all transactions will be recorded on the blockchain, and the “mark to market” stock price as we know today will be evolved to ‘mark to blockchain’ naturally in one step.” Continued George Hu, General Manager at DataYes.


(…)

About DataYes

DataYes is China’s first open and big data information platform, curating both structured and unstructured data from across the globe covering key economic metrics as well as industry, company, e-commerce, search and social media data. It is a treasure box full of raw materials for artificial intelligence and quantitative investment research. DataYes is China’s leading edge financial technology company founded by a group of experts in the fields of finance and internet technology. It is invested by Wanxiang Group, one of China’s largest non-state-owned conglomerate. DataYes’ headquarter is located in Shanghai Lujiazui Financial and Trade Zone, and has an office in Silicon Valley. For more information on DataYes, visit datayes.com.
https://www.factom.com/datayes-factom-announce-collaboration/



What they plan is to record stock-market-data. And for me it seems to be complementary to their last partnership-announcement with smart contract:

"Factom gives you the ability to publish immutable data AND establish yourself as an authority that publishes immutable data. Over time, the validity of that data can be judged and your reputation as an Oracle can be cemented. Factom also by its nature is accountable because one can conduct full audits on all published data."
https://www.factom.com/smartcontract-factom-announce-collaboration/



And again, what I've said above: Every time data is recorded into Factom it needs Entry Credits. And every time Entry Credits are purchased, Factoids are burned. So, there is an objective reason for the price to rise, even if it's anticipation because Factom is not totally finished yet. It's rational to expect an explosion of demand as soon as the system is completed.
2031  Economy / Web Wallets / Re: Does anyone have info on omniwallet current issues ? on: August 11, 2016, 11:10:28 AM

Not able to check a balance on https://www.omniwallet.org/ nor log in.
Does anybody know what the reason is ?



Same problem here. It just says "Server Error, try again later".

I wrote them a mail last night (about 10 hours ago) but no reply yet.
2032  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [FCT] FACTOM - HOW FACTOIDS WORK - PRICE SPECULATION on: August 11, 2016, 01:21:31 AM
Just wanted to thank Blazin8888 / OP for the first post—super helpful and a great analysis IMO.

This passage in particular I thought was spot-on:

"The problems that Factom promises to solve, with it's focus on data, are more pressuring for more people in the present, than the problems of the financial systems [which BTC is solving]. That could change any time (financial crisis could become very intense at any time), but for now I believe it's true. And a lot problems of the financial systems also are connected to data."

If you follow this line of thought, the implications are massive. I think most ppl aren't fully aware of the extent to which data is the bedrock layer of just about everything that has any economic value today.

That guy is a thief!! Cheesy


"And Factom and Factoids are even more interesting if we focus on it's value more basically. The basic principles of value I tried to describe above are way better reflected in Factoms functionality and design than in Bitcoins functionality and design.

The problems that Factom promises to solve, with it's focus on data, are more pressuring for more people in the present, than the problems of the financial systems. That could change any time (financial crisis could become very intense at any time), but for now I believe it's true. And a lot problems of the financial systems also are connected to data.

(....)"
https://bitcointalk.org/index.php?topic=850070.msg15480162#msg15480162

@Blazin8888: 1000 Factoids because of breaking copyright! Cheesy

Wow—my bad! Props again to you, Tempus!  Smiley A really great post IMO ...

No problem and thanks! Smiley

And Blazin8888 really did a good job with the first post. A very good overview. We're all on the same side here. ;-)
2033  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [FCT] FACTOM - HOW FACTOIDS WORK - PRICE SPECULATION on: August 11, 2016, 01:12:54 AM
Just wanted to thank Blazin8888 / OP for the first post—super helpful and a great analysis IMO.

This passage in particular I thought was spot-on:

"The problems that Factom promises to solve, with it's focus on data, are more pressuring for more people in the present, than the problems of the financial systems [which BTC is solving]. That could change any time (financial crisis could become very intense at any time), but for now I believe it's true. And a lot problems of the financial systems also are connected to data."

If you follow this line of thought, the implications are massive. I think most ppl aren't fully aware of the extent to which data is the bedrock layer of just about everything that has any economic value today.

That guy is a thief!! Cheesy


"And Factom and Factoids are even more interesting if we focus on it's value more basically. The basic principles of value I tried to describe above are way better reflected in Factoms functionality and design than in Bitcoins functionality and design.

The problems that Factom promises to solve, with it's focus on data, are more pressuring for more people in the present, than the problems of the financial systems. That could change any time (financial crisis could become very intense at any time), but for now I believe it's true. And a lot problems of the financial systems also are connected to data.

(....)"
https://bitcointalk.org/index.php?topic=850070.msg15480162#msg15480162

@Blazin8888: 1000 Factoids because of breaking copyright! Cheesy
2034  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Tao - Smart Contracts for Real Life - The Crowd Sale on: August 10, 2016, 09:27:54 PM

The problem is, you have a bunch of assholes who are willing to research as far as the word "scam", but not willing to ACTUALLY research.  It becomes very clear that one of the biggest problems Bryce encountered was SLANDER AND FUD. 

...

And when you talk about "failure rate" of his projects, his success rate is MUCH higher than the average 92% failure rate of ALL start-ups.

...

Effectively, you have people in this thread spreading bullshit.

...

Stop being assholes.


Chris
CSO Bitland Global

No idea who you are or what Bitland is, but that is about as far from a professional message as I can imagine.  Not a great first impression, engaging with people in that manner...

And regarding Bryce - anyone who wanted to do due diligence and talk to folks like Worth Godwin about Bitseeds or Brian Kelly about Nautiluscoin would soon find out what an incompetent (at best) and duplicitous person he has been in his crypto dealings.  Not to mention his past carnival barker-esque/delusional rantings, such as this: https://www.youtube.com/watch?v=_oX_OSq4v0M ...

Thankfully, projects like $XSEED, $GHC and $NAUT have managed to recover with the help of actual, capable programmers such as Luke Williams and Julian Yap, etc. - any success in a once-Bryce coin is DESPITE his behaviour and actions.

Other Bryce coins seem more ill-fated: $RZR, $AMK, $XPD, $XDQ, $OSC, etc.  All dead or near-death.

In short, Bryce creates a trail of digital crypto tears, and I can't recall a single crypto project he's been involved with at the DEV level in which the person hiring him was pleased with the results.  He's smart enough to speak in aphorisms so you can never really pin him down on anything, but don't be fooled.

Buyer beware, is all.  (And I do have to say that his coins have historically pumped at first - just crazily tanked shortly after launch for the most part, due to problems which are miraculously never due to his level of competence or chicanery.)


Tabali tigi is just scared that it could damage Bitland that Bryce told the world that he is involved. And maybe that's not even wrong. Kind of funny is how they introduce him:

https://steemit.com/bitland/@yasemin-gencer/members-of-bitland-global-assemble-in-bloomington-indiana

2035  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: August 10, 2016, 09:10:49 PM
With Paul Snow stating M2 will be a big accomplishment,
can someone ELI5 M2 and the importance of it (bolded part)?


Milestone 2 will have a couple of major components. First will be the deployment of a Entry Credit store, where users can buy Entry Credits (basically access to the protocol) without touching any sort of tradable token. The second will be the release of the consensus algorithm, the software supporting distributed processing of the Factom protocol. We are working to have the first release candidate of the consensus algorithm by the end of the year...


I'm not a technical guy, so my explanation is too superficial. But basically it's about decentralizing the system. Factom will run on 32 federated servers. And if I'm right, Milestone 2 is about the protocol to make that possible (consensus of servers). M3 will be about the election mechanism, because those who use the protocol will also elect the federated servers and the audit servers (with EC's if correct).
2036  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Tao - Smart Contracts for Real Life - The Crowd Sale on: August 10, 2016, 08:15:18 PM
Really interesting thread. Because.... nobody seems to be interested. Not even the Dev-team.
 
2037  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: August 10, 2016, 07:38:12 PM

I have one prediction to make though: M2 will be announced, price will barely move, punters who thought they could make a bunch of easy cash with their amazing "inside" info will come here and complain
 

For a lot of crypto projects this makes sense—"buy the hype, sell the news." But M2 is different. Paul Snow has said:

"When we get the Milestone 2 out the door, that will be my biggest win this year. ... We are at the very, very edge here, and so ... that will probably be a capstone for this year as well as many other years. It will be something I'm very proud of."

This passage starts at around minute 9:00, here:

https://www.youtube.com/watch?v=50gGy59cGq4

Not all announcements/updates are the same, or carry the same weight. And there have been few victories in crypto, imo, that carry more significance than M2. If successfully launched (which I believe is a question of "when," not "if"), M2 will open the door to much broader adoption and a lot of new, easier-to-use and more-advaced capabilities—all of which should continue to buoy the price.

Very good point!

And just btw: I even asked a friend what exactly Paul Snow says there because I couldn't understand it. He said "very hairy edge here". I'm not exactly sure what that means, I believe it could be more like "it's not easy". But you're most likely very right that M2 will be very important and a big step for Factom.
2038  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: August 10, 2016, 04:59:56 PM
And there it is:





DataYes + Factom Announce Collaboration

Immutable Stock Market Data Is Now Available To the World

Factom & DataYes are pleased to announce that together they have published onto the Factom blockchain pricing data for the 3,000 most valuable Chinese stocks. Program developers now have a powerful new tool for connecting their financial applications to the new world of blockchain technology.

This massive dataset of more than 10,000,000 records and growing, offers an amazing way for applications to verify and audit the world’s financial systems with more transparency and confidence than ever before.

“Some of the largest stock markets and the most valuable companies in the world are in China and so we believe it’s important to make their pricing data available to developers on a blockchain.” Said David Johnston, Chairman of the Board at Factom

“Today the exchanges send out the ‘mark to market’ price and we record them in blockchain as a two-step process. As Blockchain technology matures in the future, all transactions will be recorded on the blockchain, and the “mark to market” stock price as we know today will be evolved to ‘mark to blockchain’ naturally in one step.” Continued George Hu, General Manager at DataYes.

You can see the growing number of entries for DataYes the below chart.

(...)



About DataYes DataYes is China’s first open and big data information platform, curating both structured and unstructured data from across the globe covering key economic metrics as well as industry, company, e-commerce, search and social media data. It is a treasure box full of raw materials for artificial intelligence and quantitative investment research. DataYes is China’s leading edge financial technology company founded by a group of experts in the fields of finance and internet technology. It is invested by Wanxiang Group, one of China’s largest non-state-owned conglomerate. DataYes’ headquarter is located in Shanghai Lujiazui Financial and Trade Zone, and has an office in Silicon Valley. For more information on DataYes, visit datayes.com.

(...)

https://www.factom.com/datayes-factom-announce-collaboration/

RT: https://twitter.com/factom/status/763388834096812033



Sell on news???

Everyones own choice. I never sell on good news. I would only sell if I believe to see bad signs because this are just the first steps. The real show will begin when the system is totally finished. Factom can grow for years.


Good and potential coin, don't sell and hold for long term. For bad coins, sell on the news.


Some may still sell on news, also in Factom. But maybe sold because they were "bored" and didn't understand that Factom is very reliable on delivering. More good news can be expected, M2 could come out at any time, and what I believe since the latest China-news: There may be some chances to get on other and maybe bigger exchanges in China and the more partnerships they have over there, the more attention Factom will get and the more sense it would make to provide Factoids to a larger audience - also to get external Developers in who can build Applications on top of it.

At least I don't believe the next time, weeks and months, will be boring.
2039  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping on: August 10, 2016, 03:38:29 PM
And there it is:





DataYes + Factom Announce Collaboration

Immutable Stock Market Data Is Now Available To the World

Factom & DataYes are pleased to announce that together they have published onto the Factom blockchain pricing data for the 3,000 most valuable Chinese stocks. Program developers now have a powerful new tool for connecting their financial applications to the new world of blockchain technology.

This massive dataset of more than 10,000,000 records and growing, offers an amazing way for applications to verify and audit the world’s financial systems with more transparency and confidence than ever before.

“Some of the largest stock markets and the most valuable companies in the world are in China and so we believe it’s important to make their pricing data available to developers on a blockchain.” Said David Johnston, Chairman of the Board at Factom

“Today the exchanges send out the ‘mark to market’ price and we record them in blockchain as a two-step process. As Blockchain technology matures in the future, all transactions will be recorded on the blockchain, and the “mark to market” stock price as we know today will be evolved to ‘mark to blockchain’ naturally in one step.” Continued George Hu, General Manager at DataYes.

You can see the growing number of entries for DataYes the below chart.

(...)



About DataYes DataYes is China’s first open and big data information platform, curating both structured and unstructured data from across the globe covering key economic metrics as well as industry, company, e-commerce, search and social media data. It is a treasure box full of raw materials for artificial intelligence and quantitative investment research. DataYes is China’s leading edge financial technology company founded by a group of experts in the fields of finance and internet technology. It is invested by Wanxiang Group, one of China’s largest non-state-owned conglomerate. DataYes’ headquarter is located in Shanghai Lujiazui Financial and Trade Zone, and has an office in Silicon Valley. For more information on DataYes, visit datayes.com.

(...)

https://www.factom.com/datayes-factom-announce-collaboration/

RT: https://twitter.com/factom/status/763388834096812033



Sell on news???

Everyones own choice. I never sell on good news. I would only sell if I believe to see bad signs because this are just the first steps. The real show will begin when the system is totally finished. Factom can grow for years.
2040  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [FCT] FACTOM - HOW FACTOIDS WORK - PRICE SPECULATION on: August 10, 2016, 03:11:37 PM
DataYes + Factom Announce Collaboration

Immutable Stock Market Data Is Now Available To the World

Factom & DataYes are pleased to announce that together they have published onto the Factom blockchain pricing data for the 3,000 most valuable Chinese stocks. Program developers now have a powerful new tool for connecting their financial applications to the new world of blockchain technology.

This massive dataset of more than 10,000,000 records and growing, offers an amazing way for applications to verify and audit the world’s financial systems with more transparency and confidence than ever before.

“Some of the largest stock markets and the most valuable companies in the world are in China and so we believe it’s important to make their pricing data available to developers on a blockchain.” Said David Johnston, Chairman of the Board at Factom

“Today the exchanges send out the ‘mark to market’ price and we record them in blockchain as a two-step process. As Blockchain technology matures in the future, all transactions will be recorded on the blockchain, and the “mark to market” stock price as we know today will be evolved to ‘mark to blockchain’ naturally in one step.” Continued George Hu, General Manager at DataYes.

You can see the growing number of entries for DataYes the below chart.

(...)


About DataYes DataYes is China’s first open and big data information platform, curating both structured and unstructured data from across the globe covering key economic metrics as well as industry, company, e-commerce, search and social media data. It is a treasure box full of raw materials for artificial intelligence and quantitative investment research. DataYes is China’s leading edge financial technology company founded by a group of experts in the fields of finance and internet technology. It is invested by Wanxiang Group, one of China’s largest non-state-owned conglomerate. DataYes’ headquarter is located in Shanghai Lujiazui Financial and Trade Zone, and has an office in Silicon Valley. For more information on DataYes, visit datayes.com.

(...)


https://www.factom.com/datayes-factom-announce-collaboration/

RT: https://twitter.com/factom/status/763388834096812033
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