Good luck? What do you mean with that? What about you responsibility to contact Bittrex/Poloniex to get TEK a decent exchange?

Good luck? It sounds as if you are abandoning the ship...

i think you should wait, i think btc is going to drop soon

I would recomend for sure!! Had some problems but thats to be expected for a new thing like this. VERY useful if you aint got no cash and have Bitcoins!!!

Is this safe? Ask Karpeles..

I tell you they are the same team as hashprofit which did claim the same, they mine altcoins and invest. The truth is no expert can understand how optimized their setup are, but any expert here will tell you the only thing you need to know, they are just a financial pyramid scheme, so optimized setups doesn't exist at all, otherwise they would show it to us.

Has anyone drew attention on DigixDAO on the Ethereum platform. Now costs more Ethereum.

You are funny. Everybody who bought into the ICO is more than just safe in the profit zone. Calculate it! Some weeks ago I was critical about the wallet because it didn't work for me and some others but now it's all fine. To say they don't give a shit is simply not true. They just don't do babysitting.  


The last update was this:


That's 10 days ago.

What do you expect? That they post their diaries?

And, don't take it personal, but it seems as if you want them to work, so you can be happy about a rising price, while you didn't do your homework very well. Just look above, your theory about the price. I understand that Factom can be confusing for those who are new to it, but those who are invested since some time should know that stuff.

And do they work? Today is Sunday, but obviously yes:

factomd
Milestone2 work
Updated 20 minutes ago
https://github.com/FactomProject/

Do you actually read any of the posts of other people? You sound like a spoiled kid turned into a broken record

Same here. I've sold all my hashes. Keeping the BTCs in my wallet. I am also assessing the situation after halving. Let's keep each other updated!

Sorry, but i don't understand how you connect mining with ponzi? Ponzis have nothing to do with halving or mining it is just financial pyramid.

I've PMd you the apartments website so if you're planning on coming down to Croatia, we are the place for you

The price for Factoids has no influence on the price for Entry Credits. The amount of used Entry Credits has an effect on the price of Factoids. It's not even needed to buy Factoids to be able to purchase Entry Credits because it's possible to buy EC's with $. For customers it's not even needed to know about existence of Factoids. Factoids is something like a technical Factom-Currency.

And, just by the way: Some say the holy grail in Crypto is a bulletproof anonymous system. But I believe the holy grail in Crypto is a system in which customers don't even need to touch Cryptocurrencies. ;-) Factom found a very elegant solution to make that possible.


Let's say you want 1 Mio Entry Credits.

Scenario 1: You buy it with Factoids, so you have to buy Factoids first.

1 EC = $0.001 (fixed at this price)
1 Mio EC's = $1000

You buy 914 FCT's (currently each $1.094) and you send those to your EC-Address = 1 Mio EC's.

Scenario 2: You buy EC's with $.

You use your Credit Card to buy it in the Factom-Store (or from somebody else who offers this service) and they send Factoids on your EC-Address.

In both Scenarios the used/converted Factoids are "burned" - out of the system.

The thing about it is simple: The higher the price of Factoids the less Factoids are needed and "burned". If the price for Factoids is down more Factoids are needed for Amount x of Entry Credits.


What does that mean for the Factoids-price and why could it be a good investment?


The more the system is used, the more Entry Credits will be used. The more Entry Credits = the more Factoids will be "burned". At the same time, after Milestone 3, there will be about 73,000 new FCT's each month (payment for federated server).

That means: If Factom should become successful, and let's say there would be a demand for about 1 billion EC's per month, a price of $13.7 per FCT would be needed - otherwise more Factoids per month would be burned than new created.

Calculation:

1 billion EC's * $0.001 = $1 Mio

$1 Mio / 73,000 = $13,69


I can't know if that (a huge demand like that) will happen and if, nobody knows when. But if you think about possible use cases you'll find out: It can be used for a ton of different purposes. And if you read about "Big Data" you'll find out: There is no lack of data and there are a lot of problems to organize data, to secure data, to connect data - in time. Factom offers solutions for all kinds of problems with data - for companies but also for private persons.

Conclusion: It's all about the question if Factom will become successful or not. And I believe that there won't be a way in the middle. If they will become successful I believe: It will be about tons of data and huge amounts of Entry Credits. The reason why I believe that is what is called network-effect. The more it's used the more incentive to use it for others. The more it's used for one purpose, the more incentive to use it for other purposes as well. Because data, especially data-in-time, is nearly always connected in some ways with other data. That's the case for one company and that's the case for whole economies. That's even the case for private persons.

Second Conclusion: If the Factom-team is able to develop it the way it's planned, I see no reason why it shouldn't become successful. The only reason I can think of are competitors with better solutions. But it's not easy to make it better because the base-principle is about simplicity. It has to be stable. In the announcement-post they say: "Factom is most easily understood as a protocol that provides unlimited books of blank paper." That's a nice comparison. Doesn't sound like the next big thing, but blank paper is really useful and it's pretty hard to make it better than blank. ;-)

The rest is a question of applications which has to be userfriendly - but a company that wants to use Factom will develop applications for individual purposes or pay members of Factom to do that.


In my opinion Factom could turn out as the first project in Crypto that will be really useful, solve real problems. Ethereum is a great project but I believe it's possible that it will turn out as "scientific-project". Needed as experience to find out what's possible and what is not and how something like that (smart contracts) can be done or not be done, and where the limits are. In the end it could turn out as not stable enough. It has to face a lot of problems because it's much more complex by design.

Factom is like a stable base on a stable base. At the same time it's very flexible, can anchor in multiple blockchains, can connect with all kinds of useful Applications, and it's even possible to build different Factom-systems on top of Factom - it can grow into other use cases. That's why I believe Factom is the project with the highest potential and, in comparison with ETH for example, it involves less risk.



P.S.: I didn't write this just for you. I believe that a lot of people still don't really understand the "Factoids --> Entry Credit - principle" and how to see Factom in general.

I think you have warned long enough, and still people greediness makes them lose money as they will lose money in the end, I have warned also several times but it seem worthless, some people only learn the hard way so not much we can do here.