Recent history aside, should we expect the FCT price to be coupled to BTC or USD long-term? Perhaps the answer is USD since it wouldn't make sense for recording a hash to become 10x more expensive when the BTC price increases 10x, right? That would mean we can expect the FCT/BTC price to decrease whenever the BTC/USD price increases.
If each entry costs 0.1 cent it won't make any difference if BTC is at $400 or $4,000. So, the price is coupled to USD and will depend on how much the system will be used. I think you're referring to the price of an entry credit as opposed to the price of a Factoid. What I mean is this: Entry credits will be coupled to USD, 0.1 cent as far as I know. Entry credits will be "bought" with FCT. The more Entry credits will be used, the higher the price. The objective price will be calculable because of the use against the inflation. But there will be also FCT-speculation. If there should be a rumor that a big company will implement Factom, the anticipated use would drive the price. So, the price will be a mix of the objective economy which is transparent (everybody can see how much EC's are used per day/month/year and the inflation is fix) and speculation. But it's all about USD. Right, there will be speculation, and the more of it there is, the higher both FCT/BTC and FCT/USD will go. But what I'm wondering about here is how the price movements of BTC/USD will affect the price of FCT/BTC. If FCT is coupled to BTC, price movements of BTC/USD won't affect the FCT/BTC price. If FCT is coupled to USD, price movements of BTC/USD will inversely affect the FCT/BTC price. I think that's hard to predict in the near future, because it's part of the speculation. I personally see that much potential in Factom that I won't sell because of a rising BTC. I believe a BTC-hype would be good PR for Factom and even if the FCT-price should drop first because of a hyping BTC I expect a "FCT-hype" with a little delay. That was the case with many Altcoins in Nov 2013. The last weeks we saw a decreasing prices in the Alt-market because of the rising BTC-price... in this early stage and for the near future it's unpredictable I believe. But there are some signs for releases, most likely a GUI, so there are some chances for a rising price in the near future. Later, let's say in a best-case scenario, if Factom runs stable and there will be a mostly stable rate of consumption of EC's, the price will be related to USD and if BTC should raise 100% while the EC-rate should be stable, FCT/BTC would go down. In future, and if Factom should be really successful I expect a really objective price related to USD. But, the good thing about this project: If it should be successful, and for now I don't know any reason why it shouldn't, there should be a long time with an increasing user-growth. If that should be the case, speculation would drive the price additionally to a point with more stability and more objectivity. Risks will be mainly the tech or competitors. But it's base-simplicity is a strong quality. That's the reason why I see more potential for now in Factom than in Ethereum. For example, if we compare Ethereum and Factoid, then we may well see price $9-10 per 1 FCT in 2016. Of course, provided that the project will be developed further and will be given due attention to the advertising promotion of the network and attract new investment It's absolutely possible but hard to predict. My impression about ETH is, that it's a hype. I don't mean that in negative way because it's a great idea with big potential, but it'll need some time and in my eyes and for now it's overpriced. They have a huge inflation and there may be a lot of risks on it's way because of it's technical complexity. But: It's very known. Everybody in the "Crypto-world" knows ETH and the volume is incredible. Factom: It seems as if the team doesn't focus on the Crypto-Speculators and speculation in general. Factom is known, but as a Blockchain-project. Many don't know that it involves it's own "currency" and maybe (most likely), the majority doesn't see the potential right now. I mean, the idea doesn't sound that "sexy", right? ;-) You have to think about it to see the potential. It can be used nearly everywhere. It makes sense for nearly every company. Medical records for example would be really big. It would also make sense for mail-providers, cloud-services also individuals in many ways. The speculative part is: Will it get the attention it deserves in the near future? The objective part is: How quick will it be ready to be used? And will bigger companies implement it? Will there be nice applications, maybe also for individuals that would gain some attention... And it's highly related to one another. But I really see only good signs. There is a lack of attention in the crypto-community but... that's most likely more a problem of the crypto-community and can change very quick. But most important will be use... and that's what the team obviously focusses on.
|
|
|
Recent history aside, should we expect the FCT price to be coupled to BTC or USD long-term? Perhaps the answer is USD since it wouldn't make sense for recording a hash to become 10x more expensive when the BTC price increases 10x, right? That would mean we can expect the FCT/BTC price to decrease whenever the BTC/USD price increases.
If each entry costs 0.1 cent it won't make any difference if BTC is at $400 or $4,000. So, the price is coupled to USD and will depend on how much the system will be used. I think you're referring to the price of an entry credit as opposed to the price of a Factoid. What I mean is this: Entry credits will be coupled to USD, 0.1 cent as far as I know. Entry credits will be "bought" with FCT. The more Entry credits will be used, the higher the price. The objective price will be calculable because of the use against the inflation. But there will be also FCT-speculation. If there should be a rumor that a big company will implement Factom, the anticipated use would drive the price. So, the price will be a mix of the objective economy which is transparent (everybody can see how much EC's are used per day/month/year and the inflation is fix) and speculation. But it's all about USD. Right, there will be speculation, and the more of it there is, the higher both FCT/BTC and FCT/USD will go. But what I'm wondering about here is how the price movements of BTC/USD will affect the price of FCT/BTC. If FCT is coupled to BTC, price movements of BTC/USD won't affect the FCT/BTC price. If FCT is coupled to USD, price movements of BTC/USD will inversely affect the FCT/BTC price. I think that's hard to predict in the near future, because it's part of the speculation. I personally see that much potential in Factom that I won't sell because of a rising BTC. I believe a BTC-hype would be good PR for Factom and even if the FCT-price should drop first because of a hyping BTC I expect a "FCT-hype" with a little delay. That was the case with many Altcoins in Nov 2013. The last weeks we saw a decreasing prices in the Alt-market because of the rising BTC-price... in this early stage and for the near future it's unpredictable I believe. But there are some signs for releases, most likely a GUI, so there are some chances for a rising price in the near future. Later, let's say in a best-case scenario, if Factom runs stable and there will be a mostly stable rate of consumption of EC's, the price will be related to USD and if BTC should raise 100% while the EC-rate should be stable, FCT/BTC would go down. In future, and if Factom should be really successful I expect a really objective price related to USD. But, the good thing about this project: If it should be successful, and for now I don't know any reason why it shouldn't, there should be a long time with an increasing user-growth. If that should be the case, speculation would drive the price additionally to a point with more stability and more objectivity. Risks will be mainly the tech or competitors. But it's base-simplicity is a strong quality. That's the reason why I see more potential for now in Factom than in Ethereum.
|
|
|
Recent history aside, should we expect the FCT price to be coupled to BTC or USD long-term? Perhaps the answer is USD since it wouldn't make sense for recording a hash to become 10x more expensive when the BTC price increases 10x, right? That would mean we can expect the FCT/BTC price to decrease whenever the BTC/USD price increases.
If each entry costs 0.1 cent it won't make any difference if BTC is at $400 or $4,000. So, the price is coupled to USD and will depend on how much the system will be used. I think you're referring to the price of an entry credit as opposed to the price of a Factoid. What I mean is this: Entry credits will be coupled to USD, 0.1 cent as far as I know. Entry credits will be "bought" with FCT. The more Entry credits will be used, the higher the price. The objective price will be calculable because of the use against the inflation. But there will be also FCT-speculation. If there should be a rumor that a big company will implement Factom, the anticipated use would drive the price. So, the price will be a mix of the objective economy which is transparent (everybody can see how much EC's are used per day/month/year and the inflation is fix) and speculation. But it's all about USD.
|
|
|
Recent history aside, should we expect the FCT price to be coupled to BTC or USD long-term? Perhaps the answer is USD since it wouldn't make sense for recording a hash to become 10x more expensive when the BTC price increases 10x, right? That would mean we can expect the FCT/BTC price to decrease whenever the BTC/USD price increases.
If each entry costs 0.1 cent it won't make any difference if BTC is at $400 or $4,000. So, the price is coupled to USD and will depend on how much the system will be used. But speculation will anticipate it, so the FCT-price will be volatile in the first time. It will rise with good news. New Applications, maybe because of news about a/every company who'll implement it, and if Factom should be really successful there could be a time with a stable rising price as long as there is an increase of Apps and Use and Users. That's what I like about it. There are high chances that we'll see times with a lot of exciting news, a lot of Applications, a lot of news about companies that will implement it. It's very unlimited... So, the current price is okay for now, but in my eyes it should be much higher if we talk about potential.
|
|
|
Obviously they don't have enough money for wheels under the desk chairs. Bad sign. Everybody sell.
|
|
|
If you can read charts, you knew this is not the time to buy alts with fresh bought btc I'm not sure about that. Two years ago the alt's hyped with a little delay. First the prices decreased like they do it now. But then there was something like a Altcoin-Hype before BTC came down. The LTC-Chart shows what I mean and some others as well. I'm buying some Alts at the moment, BTCD is one of them.
|
|
|
Panic sell in Polo, I have dumped most of my FCT.
Right. Sell your FCT, I buy on cheap Now it is true, Bitcoin has risen from $230 to $460, so the price factoids dropped from 0.00050 to 0.00020. So it should be. Why panic? p.s. It is necessary to negotiate with Chinese, that they put factoid on Chinese exchanges, maybe only then it will be possible to raise prices factoids. FCT on a chinese exchange would be good, but imagine just one exchange would use Factom to record all trades. ;-)
|
|
|
Some questions and answers on Reddit: Factom / Factoid questions
Factom and ShapeShift Is there a partnership between Factom and ShapeShift? Is there any plan to have conversion to/from factoids available on ShapeShift? If so, what needs to happen before this is available? Time line? Factom Wallet Is there a simple, intuitive, secure wallet (like a Mycelium wallet for factoids) available? If not, is something like this being developed? When might such a wallet be available? Thank you. Paul Snow:
We are working with shapeshift, but do not have a date yet when factoids will be supported. We have a GUI for factoids which will be releasing soon. It will run on windows, Mac, and Linux. We are not yet working on a mobile wallet, but don't really anticipate a great need for a mobile wallet at this time. https://www.reddit.com/r/factom/comments/3r8r94/factom_factoid_questions/GUI soon - nice!
|
|
|
Factom Celebrates Genesis with BitGive, BitPesa, Plug and Play Tech Center and the Water Project
September 1, 2015 at 12:52 GMT Factom have collaborated with BitGive, BitPesa, Plug and Play and the Water Project on a new pilot project to track donations using the Factom Blockchain. Factom Inc. will also be joining the upcoming fall class of the fintech incubator at Plug and Play. http://www.coindesk.com/press-releases/factom-celebrates-genesis/ This news is 2 month old something happens about this recently? 1. It's a good summary 2. It's not just about news that are new for you or those who are already in Factom. It should be more about those who have never heard of Factom. The price is where it is, because too many still don't understand the potential of this project and it doesn't have the attention in the Crypto-Community it would deserve. Many just see it as a Blockchain-project and they miss that it has it's own economy and it's own currency. That's what I believe and that's why I think it's always good to post informations.
|
|
|
Factom Celebrates Genesis with BitGive, BitPesa, Plug and Play Tech Center and the Water Project
September 1, 2015 at 12:52 GMT Factom have collaborated with BitGive, BitPesa, Plug and Play and the Water Project on a new pilot project to track donations using the Factom Blockchain. Factom Inc. will also be joining the upcoming fall class of the fintech incubator at Plug and Play. http://www.coindesk.com/press-releases/factom-celebrates-genesis/
|
|
|
Bumm: alexhiggins732
To be clear, I responded directly to the inquiries from @arcanis with direct contradictions between PeerCoin' trust system (which contrary to @arcanis are nowhere near the same as NeuCoin has blatantly violated that model by design). By the time a BIP-Style proposal is implemented and (if ever) actually implemented as a NeuCoin source code the damage will already be irreversibl. It will not solve the underlying issues that NeuCoins launch has created with a model that "by-design" makes a matter of fact the same flaws PeerCoin was attempting to remediate with bitcoin. For example, NeuCoin can't claim it is using a PoS/PoW model address security issues in bitcoin's block chain technology by assuring the same level of security without the energy expense expenditure while at the same time releasing an implementation that violates the core tenants of PeerCoin and it's underlying BitCoin technology. And... you don't have to philosophically agree with anything I I just wrote. There is a serious, serious, serous, issue when on wallet goes offline and comes back online 4 hours later and rewrites the entire block chain and everything that has occurred during that period. On a micro level, that continues to happen... not on a four hour level but on a 4 second to 4 minute level.. with the block chain being "reorganized" based on the vote of wallets which essentially are a single organization. Basically, the small guys are being "screwed". Peer coin whitepaper clearly outlines how there release was going to prevent this from happening. This coin has instead violated those principles by design. And in this case, I am not even a small guy, apparently in the top 100 rich list. Yet I continue to be concerned but what is clearly an implementation flaw which continues to cause nearly 15% of PoW block to be orphaned for nothing more than the same security flaws that PeerCoin attempted to prevent by introducing PoS (while at the same time reducing the energy load that PoW requires). http://forum.neucoin.org/t/3-5-hours-of-transactions-removed-from-the-block-chain/2057/52http://web.archive.org/web/20151030060628/http://forum.neucoin.org/t/3-5-hours-of-transactions-removed-from-the-block-chain/2057/52
|
|
|
It may sound superficial, but besides it's real technical potential, Bitcoindark will benefit a lot through it's name and association with Bitcoin when it comes to a rising BTC-price and maybe a Bitcoin-Hype again.
Current price: $ 0.931853 Marketcap: $ 1,154,090 Supply: 1,238,489
If we look at Dash as biggest Anon-Comeptitor:
Current price: $ 2.42 Marketcap: $ 14,343,811 Supply: 5,939,220
And the highest marketcap of Dash was > $ 50 Mio
So... there is much potential. It just needs ongoing Development and that doesn't seem to be a problem.
|
|
|
Nice! I know of Honduras but I didn't know that also Greece could be interested: That is why politicians seeking to clean up the Property Institute in Honduras have asked Factom, an American startup, to provide a prototype of a blockchain-based land registry. Interest in the idea has also been expressed in Greece, which has no proper land registry and where only 7% of the territory is adequately mapped.
|
|
|
Thread for the dreamers: Neucoin Going Highhttp://forum.neucoin.org/t/neucoin-going-high/2100I like this post: Darteous hmm I was hoping to buy a bit on the low, looks like I may have missed it.Darteous, you don't have missed it. Think about it, ask yourself who is buying, think about the technical issues, think about the inflation, the "distribution", the lack of transparency, the lack of communication.............and you'll know that you can buy much lower with a little patience. But, don't take this as advice to buy at any price. ;-)
|
|
|
care guys alex is a convniced nokoiner operating a mining pool (with $0 profitability !!!) while minier mine (at no cost for him /!\) for him he already make more than 2K$ see here http://www.neucoin.io/address/NY8x5P6knZpNJMxgwoq1z5i3rqCxMU4Xwv but still hold his coin... coulbd be just a guy form nokoin team... m3ndi was banned for less ! No, he is not. He wouldn't write about it and he wouldn't write that way, if he would be part of the team. They can't ban him because it would be too obvious. He writes about obvious issues. m3ndi wasn't part of the community any more so they had enough reasons, out of their own perspective, to ban her.
|
|
|
|