Lisk is already listed on the following exchanges and services:Did I forget something - please let me know. Impressive after just 1 month since launch! |
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Hi all,
I am just starting to research FCT a little more. What are cool projects that FCT does right now? What is coming up soon?
Your input is appreciated.
All important news and partnerships you can find here: https://www.factom.com/blog/ |
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Exactly as I have expected, short sellers stop every serious advance. Too many bots around.
Bitcoin-price! It jumped from $640 to nearly $660. But yes, there are a lot of shorters. Interest rate is very high. But, price holds good against BTC and shorters. |
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(...) Will the use of FCT drive the price higher? (...)
Of course. Just one example, without saying that it's a realistic scenario for the next months: If there would be 1 billion Entries per month, it would cost: 1,000,000,000 * $ 0.001 (costs per entry) = $ 1,000,000 That means: It would need Factoids for $ 1 Mio per month to convert into Entry Credits. At the current price that would be 909,090 Factoids which would be burned each month while there are only 73,000 new created Factoids each month. ....... Could someone explain in detail how EC's are beeing created out of factoids? Its very mystical for me. I can't give a technical explanation, but practically it's just a transaction: Factoids to an EC-address. |
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Habs mir noch nicht angesehen, werde ich aber heute noch: LTB Live: TheDAO, ETH, Soft-Fork, DoS and what's next
Livestream vor 4 Stunden A live Q&A session to discuss the latest developments in theDAO, Ethereum, the aborted soft-fork, the DoS vector that caused the soft-fork abort, the next steps (hard fork?) and the implications. Join Adam, Stephanie and Andreas and several guests for this live Q&A https://www.youtube.com/watch?v=epWjD6mlBVs |
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Ok so lets talk entries and use cases guys. Thank you to the poster above appreciate your insight. So theoretically for a smart city, how many entries would be used? - what kind of entries would one need to make for a city? Also other use cases for factom? - what sort of things require high vol of EC / per month? Also in the whitepaper it talks about Gaming applications can be built on the Factom chain...what sort of uses cases would we see here? GAMING ON THE BLOCKCHAIN WITH PAUL SNOW: https://www.youtube.com/watch?v=ucZDDh2ljBwThere are tons of potential use cases from all kinds of companies to all kinds of applications for private persons like you or me - or Hillary Clinton with her mails. ;-) Trades on exchanges for example. Transactions of banks. Proof of ownership and proof of process for all kinds of arts, recording accountancy, recording data in laboratories, hospitals, etc. It's really too much to list and most likely not even the Factom-team already knows all areas where Factom could be useful for. Safe to say is: The mountains of data in this world are growing fast, and there are a lot of problems to handle those data-mountains. I tried to learn about that subject because I hoped to find some statistics to get an overview. For me it was impossible to find hard numbers or at least it's impossible to find out how much demand a potential use case could mean for Factom. But: It's overwhelming. This is a nice animation about big companies and the mountains of data they produce: http://pennystocks.la/internet-in-real-time/ I'm not sure how correct it is, but my guess is that it could be even more now. At the same time not everything would make sense for Factom. But if we would have such an animation for just one bank, or just the communication-data of a big company - ppl would be surprised how much data is produced in just one day in just one company. |
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From what I take, If we achieve price of say $10 per FCT based on speculation - when the system goes live the price will have no reason to tank. Even with the yearly inflation. Look at ETH ....18 M coins per year created. So I believe the price will just be a lot more stable than something like ETH and may end up being a safer place for money down the road due to less volatility.
We have only 75k coins per month used. I believe once we get more information on who Factom is partnering with it will reflect.
However with that said...it will be much easier to get in on the "rise " before the system goes live...because then the price will become more stable.
Yes, most likely true. The majority of speculators don't care about details anyway. That's what I always said that the market will overdrive good news. If there should be a demand for *whateverhighnumberofentries* I expect the price to bubble at least x 5 above that range and come back after it. At least over the next months. In very long term it could level out and stabilize and really reflect the value. And good in Factom is: That is possible. It's calculable. That is different to all projects I know of which is also a reason why I consider many as totally overvalued. |
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All the simple math goes out the window if they can 'package' the information and use a single entry credit.
That is possible, but I doubt it's useful for a lot of use cases --> proof of process. |
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(...) Will the use of FCT drive the price higher? (...)
Of course. Just one example, without saying that it's a realistic scenario for the next months: If there would be 1 billion Entries per month, it would cost: 1,000,000,000 * $ 0.001 (costs per entry) = $ 1,000,000 That means: It would need Factoids for $ 1 Mio per month to convert into Entry Credits. At the current price that would be 909,090 Factoids which would be burned each month while there are only 73,000 new created Factoids each month. That means: With 1 bn entries per month it would need a much higher price, otherwise more Factoids would be burned than new created and the price would rise naturally because of the decreasing supply. The balanced-price would be where: .... the costs of Entries per month are = the value of the new created Factoids. 73,000 FCT's = $ 1 Mio 1 FCT = $ 13.7 What would happen if not speculation would lead to an increasing price? The supply would decrease and the price would increase naturally. Btw: If Factom would have so many entries like Dropbox has uploads the price would go above $300 per FCT. But again, not saying it's realistic to expect that high demand. To be honest: I have no clue what we can expect. But if we think about the smart-city-partnership etc., at least I believe it will be more about billions than about millions per month. Provided that Factom will be realized as planned of course. What I really would like to see are the scenario-calculations of the team, what they believe is realistic. But until now there was no Factom-Whistleblower  |
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Das mit Netto. Büro ist schon gekuendigt.  In Berlin das wird schöner. Berlin wird Dir sowieso gefallen. Da bin ich sicher... Ja Berlin ist super. Solange man nicht (mehr) in Mitte wohnt und den Prenzlauer Berg weiträumig umfahren kann Ah, noch ein Berliner. |
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Ja das stimmt, sieht aus wie abgeschrieben bzw. kommt mir bekannt vor. Man hat sogar die dApps übernommen, obwohl die Lisk Leute schon vor langer Zeit, mir kommt es schon vor wie eine Ewigkeit, die Fachsprache oder Terminologie geändert hatten. Ganz offiziell werden die Anwendungen als Apps oder auch Blockchain Apps bezeichnet...  Ich hatte mit ihm geskyped, etwa 1h bevor ich nach China geflogen bin. Also Infos hatte er, eventuell hat er aber nochmal rumgeschaut nach weiteren Infos. Das mit den Dapps hat er vielleicht extra gemacht, weiss nicht. Er war auf jeden Fall sehr nett und ein klasse Gespraechspartner! Das mit Netto. Büro ist schon gekuendigt. In Berlin das wird schöner. Berlin wird Dir sowieso gefallen. Da bin ich sicher. Lebe seit 2002 in Berlin und obwohl ich aus einem klitzekleinen Dorf komme und eigentlich nicht so der Großstadt-Typ bin, finde ich Berlin ziemlich perfekt. Grünste Stadt Deutschlands übrigens (wurde zumindest früher oft gesagt). Und v.a.: Hier gibts alles relativ schnell erreichbar. Auch Netto. |
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Of course it is! Neucoin did that as well. ;-)  |
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What was the ICO-price for Rise?
About 1,950 satoshis. Ok. Thank you! |
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Karl move your fucking ass!!! I have bought several BTCs in LISK and your shit is dropping, stop travelling to China and put a huge buy order to move your coin in the right direction!!!
Don't cry girl and make more PR for whatever you try to push with your signature! ;-) btw.: Karl? Really? Was his name not Karl? I'm crying like a baby... take too much time to make another 1 BTC profit... time is money RISE dropped like a rock, and now D[][][LI!@#SK)) lol, really? from one !@# coin to another !@# coin. BRK, LIR, DLISK, RISE, ... so many ... Has RISE traded above ICO with any significant volume, ever? There were some joker orders up high, but unless you were the first one to hit trex, you missed out. ICO hopping turns into flopping, as you're unfortunately demonstrating (unfortunately for you, anyway) What was the ICO-price for Rise? |
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Karl move your fucking ass!!! I have bought several BTCs in LISK and your shit is dropping, stop travelling to China and put a huge buy order to move your coin in the right direction!!!
Don't cry girl and make more PR for whatever you try to push with your signature! ;-) btw.: Karl? Really? Was his name not Karl? I'm crying like a baby... take too much time to make another 1 BTC profit... time is money You won't make money if you don't inform yourself correctly! ;-) And no, his name is Max Kordek. But "Karl" is also a german name, so we count it as neeeeeeeeaaaaaarly not tooooo wrong. |
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