That was a great surprise this morning! After I woke up I was sure (before I checked) the price wouldn't be back at 20k, but I did not expect it to be at 60k. Had to make a coffe first. ;-)

And good is, at least my impression: It doesn't look like a usual pump, so I don't expect a hard dump. I could be wrong with that but I believe the chances are high that azure and maybe the chinese exchange brought up some attention. Besides the nice price, it's great to see finally more volume.

Ah, okay. Didn't know that.



No, I just copied the text from this link https://yuanbaohui.com/news/detail/?id=743

...into google-translator. Result:


Ingot network has the well-known block chain start-ups Factom (notarization through) established an official partnership, ingot network will serve as the official partner Factom recommended line Factoid (Factom currency) transactions.

        After consultation with Factom official, will be open for Factoid points below the RMB transaction (for CNY trading):

        December 18, 2015 15:00: Official opening credits Factoid charging function;
        December 21, 2015 10:00 am: official opening Factoid yuan trading.

        >> Learn More Factom details: https: //yuanbaohui.com/project_index/ id = 226?

        Risk Warning: digital currency trading is very risky (pre-dig, spike, making manipulation, the team disbanded, technical defects, etc.), gold net only amateur digital currencies to provide a free online exchange platform, in addition to gold coins outside Any digital currency have no relation with us, ask the user to identify, prudent investment; net investment value of the gold coin does not assume any review, warranty, liability, if you can not accept, please do not trade! Thank you!

        Notice is hereby given.

If you mean ABC: 57.83 % of the volume. 

Nice! They have only 8 coins listed, but a nice 24h-volume:

$ 634,813
1,368 BTC
http://coinmarketcap.com/exchanges/yuanbaohui/

I wouldn't compare it with the typical altcoin-market. At the moment the price is speculation but if the project is successful the price will fluctuate around a computable price (consumption vs. inflation, and EC's are at a fixed price).

But if we compare it, there are several altcoins with a higher supply and also with a higher price. I even believe that the FCT-price would be higher if people would see it more as an altcoin and speculate more on the future potential, like it's typical in the altcoinmarket.


Just one example:

Monero

Supply: 10,414,477
Price: $ 0.500159
Marketcap: $ 5,208,894
All time high: $ 3.5 (June 14)
http://coinmarketcap.com/currencies/monero/


In my opinion, the current marketcap is undervalued.
Factom is at $ 1,195,935, Ethereum is at $ 69,572,009. And ETH has a really hard inflation. That's the main reason why I see some risk in ETH, besides it's complexity. Factom seems to me like a safe haven in comparison, with much potential for higher prices at the same time . And Factom is not in competition with Bitcoin. A Bitcoin hype would bring a lot pressure on the ETH-price and free PR for projects like Factom.

So it's about the question if I try to "write people into this" to dump my FCT's and maybe I have that much that it would crash it? I mean, if I just have 1000 FCT's or even less it would maybe seem as if I don't have much trust in this. At the same time it wouldn't mean anything because I could be out of money but invested with all I have ;-).

If I would have 100k people could have the fear I could crash the market.  I never give precise infos about my investments because I don't see sense in that. And even if you would have exact infos about me, there are a lot of other small and big and bigger Investors you won't have infos about and nobody can predict individual reactions. Tomorrow somebody could buy in with much money, or somebody could dump a lot of FCT's because he needs money out of a personal situation. At the moment the market is no real indicator about the project. In my opinion exactly that is an opportunity.

Generally, in my opinion the decision to invest or not to invest shouldn't be about short-term-market-reactions or individual Investors. What I can say about my view and situation: I won't sell in short term as far as I don't see anything that's totally concerning and there is not a single sign for something like that. I believe that there will be some more good news in short-term, and before all: Great potential in mid-term and long-term.

My advice to everybody is: Research... to take some time to understand it as deep as possible. It can make a huge difference to invest some time.

1. the "what": the idea and the consequences (possible scenarios, best-case, worst-case, what is most likely etc. )
2. the "how": how they do it, it's design, the development
3. the team: professionals? trusted? honest? skilled?


And I really believe that this project is totally underestimated and therefore also undervalued, maybe because too many don't have a good overview about it, so they are not able to evaluate it, based on analyzing it and possible scenarios. The economy seems to be very complex on first sight, so people maybe often don't get how elegant it is and how useful it will be when it comes to use, how it will be possible to be decentralized and without the need for cryptocurrencies for customers etc.

But, like I said: It's just my personal view. Everybody has to make his own decision.

Why would I do that?

Depends on the "what" ;-)

What I really like is: Factom is in it's early stage but right before big steps with Milestone 2. Paul Snow writes:

"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. We fully expect to release a few release candidates prior to going into production with the consensus algorithm early in 2016."

What that means is:

Both, the Entry-Credit-Store and the first "candidate of the consensus algorithm" will make it easier to get access to the system, with other words: For now I would consider those two aspects as very important to make Factom really useful and attractive. And when it comes to the "when": The next 1-2 months I would guess and Factom is at a point to get traction.

Just this is already a nice step:

* Bitcoin data service of prices from different exchanges recorded on Factom's Blockchain - Q1 2016
https://azure.microsoft.com/en-us/blog/azure-baas-update-2/


Everybody can imagine what would happen, if there should be a also a decision of one or even more exchanges to record trades about Factom. ;-) And that would be just one use case with great demand for EC's and therefore also for FCT's. If we think outside the Crypto-World, and Factom has it all to play a role there... At the moment and out of Incestor-perspective, I would say it has more potential than ETH.

My theory is:

1) Factom is known, but it's seen as a Blockchain-project. There isn't a lack of media-feedback about Factom but Factoids are a little bit under the radar. With other words: Factom gets attention but Factoids not that much.

2) In times when people expect a rising price in Bitcoin we see some sell-pressure in the market (every market)

3) My impression is that too many don't understand the economic design and it's potential. I've made some calculations about different scenarios and because of the openness of the system and that it can be used for all kinds of data-management, I personal see this as an opportunity like Bitcoin in 2009. It's damn cheap right now.

The good thing is: It's totally independent from the speculative aspect. If it will be used there will be a natural increase in price and it can go very high.   

He says: "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."

It's just about the opportunity that people don't need to touch any Crypto themselves. They can pay with Dollar to get access to the system, but technically it still will be FCT --> EC.

The problem is: Since I'm watching this I never saw that the Neu-team addressed just some of the concerns that were pointed out here. And besides that what some may call trolling there is more information in this thread than in the official forum, about the inflation for example and other issues.

And: Since I'm watching nobody was able to explain what the value of this project is. Every good project should have some innovative aspects, but where to find any innovation in Neucoin? I really would like to know that. What's different to a lot of so called shitcoins, besides the money behind it?

Several good news for the future, and in my eyes Factom has great potential for the future and you're complaining? That's a little bit weird. And you can't blame them for the market. And you can't blame anyone else for your decisions to invest in a project. Or did you expect it would skyrocket and you could get out with 200% of profit after two weeks?

Wow, that is big! Great news!

But just for the better understanding: What exactly means "Bitcoin data service of prices from different exchanges recorded on Factom's Blockchain"? Everytime the price changes it will be recorded?

This guy is always entertaining:

http://forum.neucoin.org/t/neucoin-ranking-is-going-high/2330

Beyond bitcoin - Blockchain is coming to disrupt your industry


(...)

Life sciences and health care

The health care sector is starting to show interest in blockchain technology as a means of securing digital assets. Blockchain-based record-keeping service Factom, for instance, has struck a partnership with a provider of medical-procedure ordering and billing services. The companies intend to use blockchain to store health care records such as medical bills and client-physician communications to claims and disputes. The cryptographic security is likely to enhance the security of such records, while the immutable, irrevocable nature of transactions is intended to make claims processing more efficient and simplify dispute resolution.23

(...)

Public sector

The public sector will likely find compelling applications for blockchain, particularly where existing record-keeping methods are inadequate. For instance, Factom has reportedly partnered with the Honduras government to pilot a blockchain-based program to record land ownership in the country. The intent is to reduce the corruption and fraud associated with a centralized registry under the control of government officials by substituting a distributed, transparent ledger instead.25

Other use cases include creating tamper-proof voting records, vehicle registries, fraud-proof government benefits disbursements,26 and digital identities for individuals, such as refugees, who lack government-issued identity documents.27

(...)

http://dupress.com/articles/trends-blockchain-bitcoin-security-transparency/

Somebody dumped --> buy-wall at 2000 sat is gone. 

Btw: Today I archieved this:

https://web.archive.org/web/20151207095641/http://forum.neucoin.org/t/public-pos-stakes-being-orphaned-by-foundation-account-stakes/2289/30

The last two posts (29 and 30 from THEroot) are already deleted.

Original: http://forum.neucoin.org/t/public-pos-stakes-being-orphaned-by-foundation-account-stakes/2289/27

I believe it's complex. If we think about scams in general, than there are different types of Scams. Totally intentionally: Somebody starts a project with the intention to take the money, from an ICO for example - and abandon right after it. Or in a grey-area: Not with the intention to scam, but with much greed and dishonesty and just blinding PR instead of base-qualities, a lot of promises to hype but no real progress, market-manipulation etc. All with the intention to start a hype, because just and only because of a big hype there would be any chance.

And the second scheme is Neucoin. I believe that they don't see themselves as Scammer. I believe, that they are naive and unprofessional, that they were blinded by the own propaganda. If I'm right it's kind of self-manipulation.

Regarding Sandrine... again, just speculation: Maybe she believed in it in the beginning, was also blinded like many Investors, thought to have a chance to be part of the next big thing in Crypto, also to get rich. And after being part of it... it's not that easy to get out. I agree that she knew enough, that she should have been able to figure out what would come. But I don't believe that she had a clear scam-intention. What's important to keep in mind: There is also a lot of manipulation inside a group, inside a team. Somebody wants to leave? What's the reaction of the others? Attempts to convince, maybe pressure on ones conscience etc. It's not that easy I believe. And she maybe believed too long in this and maybe she simply was too loyal to leave earlier. And people often believe that there maybe could be some kind of miracle... like Investors often do. Like some Neucoin-Investors still do.

And her intention to leave was mainly that she finally figured that Neucoin is a credibility-killer for everybody who is in front. And she was the one in front... If she is still in contact with the team doesn't matter. Also if she really has another job is not that relevant I would say. Her problem is that she is associated with it because she was a little late.

What's interesting in this: For investors this is bad. But for those who are part of the team it's worse. I don't believe that anybody really made money. The ICO is mainly self-buying and they had some costs, the price is down, they have to buy back on the market to maintain the illusion that it's a legit project.... but it's just a question of time. It doesn't need much to break the buywalls.

And all what they've promised... No professional will touch this. The only way is market-manipulation and that costs money and it never lasts long. In some months Neu is irrelevant.

2nd Place: Cryptid, out of RIT
“Cryptid is the next generation of identification.” By allowing organizations to place their memberships on a decentralized blockchain, anybody can quickly and securely manage the verification of existing members. “Utilizing existing standards, such as ISO 19794–2 for our fingerprint templates and AAMVA and ANSI personal information format standards, our system can be integrated with existing software and hardware (fingerprint scanners).” Built by Steven Masley and Dakota Baber, their software is built on top of Factom’s backend, one of the Borderless Block Party’s toolkit sponsors.
https://medium.com/college-cryptocurrency-network/drum-roll-please-4240a8c0c209#.t9fls7oqw

https://www.reddit.com/r/factom/comments/3vrsuy/drum_roll_please_college_cryptocurrency_network/