Well, I m officially out of Factom, I do not own a single Factoid anymore.
This huge M2 delay made me think Factom s big time stuck. Also, I seriously do not see anything Factom can do which cannot be performed by Ether anyway and Ether DOES DELIVER on time.
Good luck to the Factom team and all Factoid holders, I hope you do end up with a profit.
I'm glad. Nobody owes you anything, and your comments came out of desperation as a bagholder that probably bought at 800k. Also, do you even "github" ? To me, the project seems to be very close to M2. Anyways, good luck on your future investments. Actually i can understand CrazyIvan hes post, The factom team need to hire some people that actually can give answers and talk to people. Mostly what they are doing is selling overpriced entry coins and buying them cheap of the market back. No wonder they dont mind a very cheap price. Every cheap factom now is a great way for them to increase their holdings or get some $. I liked Factom a lot but nowadays it only gives a sour taste in my mouth. It was really a miracle actually they posted 10 post ago something, Only need to take them 2 weeks. Actually their usage isnt increasing at all probably cause of their lack of development, My guess people would love to switch to TIERION (google it) cause their cheaper better and they do DELIVER. I got the feeling that Brian/Factom purposely was choosing to not answer crazyivan's questions/posts. And yes, the model seems to favour low FCT price, if ive understood it correctly. the model only favors low price for Factom, Lower price means more coins buy-back and more profits for their foundation. That is not true. Why do you and some others still believe that? How should that work? Oke Tempus then answer this i might be wrong. The Entry coins are beeing sold on a Fixed price right ? Factoids give a steady conversion rate atm right ? So if company's buy Entry coins for $200 in the store, then factom can buy for that $200 new coins what in conversion now means they can buy much more then they used in first place. They can sell EC's for a higher price then 1/10 cent while they convert (for the customer) FCT's to EC's at a value of 1/10 cents - the difference is the profit. And that is what they do in the Store (but I highly doubt that it's for bigger companies and partnerships). Either way, that has nothing to do with the FCT-price. They can do that with FCT's at 90 cent and they could do the same with a price at 9 Dollar. Low prices are no benefit for them. Btw: You could do that as well. Actually i dont think the customers even see FCT they just buy EC from the shop, so they actually will not see the conversion rate. So actually i believe your wrong how much entry coins does a Factoid give now ? If Factom can sell for example $200 for 40k entry's What will be the amount of Entry coins we get for approx. 200 coins atm ? Every entry above the 40k is a steady win for Factom. So if a factom cost 0,5$ instead of 1$ wouldnt they have twice as much profit ? |
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Well, I m officially out of Factom, I do not own a single Factoid anymore.
This huge M2 delay made me think Factom s big time stuck. Also, I seriously do not see anything Factom can do which cannot be performed by Ether anyway and Ether DOES DELIVER on time.
Good luck to the Factom team and all Factoid holders, I hope you do end up with a profit.
I'm glad. Nobody owes you anything, and your comments came out of desperation as a bagholder that probably bought at 800k. Also, do you even "github" ? To me, the project seems to be very close to M2. Anyways, good luck on your future investments. Actually i can understand CrazyIvan hes post, The factom team need to hire some people that actually can give answers and talk to people. Mostly what they are doing is selling overpriced entry coins and buying them cheap of the market back. No wonder they dont mind a very cheap price. Every cheap factom now is a great way for them to increase their holdings or get some $. I liked Factom a lot but nowadays it only gives a sour taste in my mouth. It was really a miracle actually they posted 10 post ago something, Only need to take them 2 weeks. Actually their usage isnt increasing at all probably cause of their lack of development, My guess people would love to switch to TIERION (google it) cause their cheaper better and they do DELIVER. I got the feeling that Brian/Factom purposely was choosing to not answer crazyivan's questions/posts. And yes, the model seems to favour low FCT price, if ive understood it correctly. the model only favors low price for Factom, Lower price means more coins buy-back and more profits for their foundation. That is not true. Why do you and some others still believe that? How should that work? Oke Tempus then answer this i might be wrong. The Entry coins are beeing sold on a Fixed price right ? Factoids give a steady conversion rate atm right ? So if company's buy Entry coins for $200 in the store, then factom can buy for that $200 new coins what in conversion now means they can buy much more then they used in first place. |
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Well, I m officially out of Factom, I do not own a single Factoid anymore.
This huge M2 delay made me think Factom s big time stuck. Also, I seriously do not see anything Factom can do which cannot be performed by Ether anyway and Ether DOES DELIVER on time.
Good luck to the Factom team and all Factoid holders, I hope you do end up with a profit.
I'm glad. Nobody owes you anything, and your comments came out of desperation as a bagholder that probably bought at 800k. Also, do you even "github" ? To me, the project seems to be very close to M2. Anyways, good luck on your future investments. Actually i can understand CrazyIvan hes post, The factom team need to hire some people that actually can give answers and talk to people. Mostly what they are doing is selling overpriced entry coins and buying them cheap of the market back. No wonder they dont mind a very cheap price. Every cheap factom now is a great way for them to increase their holdings or get some $. I liked Factom a lot but nowadays it only gives a sour taste in my mouth. It was really a miracle actually they posted 10 post ago something, Only need to take them 2 weeks. Actually their usage isnt increasing at all probably cause of their lack of development, My guess people would love to switch to TIERION (google it) cause their cheaper better and they do DELIVER. I got the feeling that Brian/Factom purposely was choosing to not answer crazyivan's questions/posts. And yes, the model seems to favour low FCT price, if ive understood it correctly. the model only favors low price for Factom, Lower price means more coins buy-back and more profits for their foundation.
I got the feeling that Brian/Factom purposely was choosing to not answer crazyivan's questions/posts.
And yes, the model seems to favour low FCT price, if ive understood it correctly.
Actually usage influences price, higher usage is higher factoid price. Quite normal. So a good M2 + good partnerships are quite important. Not complete true that only counts after you reached a bigger number of credits beeing used every block lets say 3k plus, and were far from that. With this model i wont be surprised to see factom go sub 100k. |
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Well, I m officially out of Factom, I do not own a single Factoid anymore.
This huge M2 delay made me think Factom s big time stuck. Also, I seriously do not see anything Factom can do which cannot be performed by Ether anyway and Ether DOES DELIVER on time.
Good luck to the Factom team and all Factoid holders, I hope you do end up with a profit.
I'm glad. Nobody owes you anything, and your comments came out of desperation as a bagholder that probably bought at 800k. Also, do you even "github" ? To me, the project seems to be very close to M2. Anyways, good luck on your future investments. Well, I was trying to be nice but since you re an ASS to me I ll spit it out. I spoke to some people who seem well informed about why Factom s in such delay. It seems Factom team leaders have been trying to secure another round of financing in the UK and have been unsuccessful for now. Would not be suprised if Factom team is selling their tokens to keep the entire operation going on and sell overpriced entry coins at the same time the way Mrboot suggested in the previous post. Again, I do not know if this information s true or not, I m passing on what I have been told only because I believe in transparency. So, do not base your decisions on my info, I have no more stake in Factom at all. Cheers. I doubt they are working on a new round of financing, can anyone of the Factom team reply on that ? Should be fair enought cause were all invested in your business. But i do believe they dont care about the price that one Factoid cost at all, simply cause. Company's dont buy Factoids atm they use their entry coins bought from the webshop and for that price they can buy back much more factoids back so they can make a huge profit on what they actually pay for EC and ask their costumers. So how lower the factoid price how easier the factoid team makes money i wonder if there is somewere stated what profits they made from selling EC. |
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Well, I m officially out of Factom, I do not own a single Factoid anymore.
This huge M2 delay made me think Factom s big time stuck. Also, I seriously do not see anything Factom can do which cannot be performed by Ether anyway and Ether DOES DELIVER on time.
Good luck to the Factom team and all Factoid holders, I hope you do end up with a profit.
I'm glad. Nobody owes you anything, and your comments came out of desperation as a bagholder that probably bought at 800k. Also, do you even "github" ? To me, the project seems to be very close to M2. Anyways, good luck on your future investments. Actually i can understand CrazyIvan hes post, The factom team need to hire some people that actually can give answers and talk to people. Mostly what they are doing is selling overpriced entry coins and buying them cheap of the market back. No wonder they dont mind a very cheap price. Every cheap factom now is a great way for them to increase their holdings or get some $. I liked Factom a lot but nowadays it only gives a sour taste in my mouth. It was really a miracle actually they posted 10 post ago something, Only need to take them 2 weeks. Actually their usage isnt increasing at all probably cause of their lack of development, My guess people would love to switch to TIERION (google it) cause their cheaper better and they do DELIVER. |
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Factom looks weak on the market again without news i guess we see it drop some more target 150 or 120k ?
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I havent been online here for a while and i must say EK, great job im actually was worried in the start but now getting more and more convinced that it was nice to "donate"invest" something in elastic.
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Factom, Brian Deery,
Please return back string (line) in Factom Explorer, so can quickly see the exact total of remaining factoids, as it was before. Very bad when can not quickly find out how much is actually left factoids.
YES PLEASE, Factom can you add this feature. |
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And its gone
@Brian thanks for giving the update on the status!
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Factom seems to get some market momentum up, but serieus @Brian are you guys gonna take another 2 months delay or what ?
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I Just visit the Entry credit store and found out that the Entry credits got cheaper ( a lot cheaper )
Wasnt the price 1000 entry coins for 20$ ? Now for $20 you can buy a total of 4000 entry coins.
No wonder the price is tanking like crazy.
Now you need at least more then 3,5k entrys each block to keep the dollar mark to level out with the inflation, this actually is
insane that they didnt even told anyone or keep a bloq post they just changed it. Is this a way to stock pile a lot Fct for themself.
At Tierion they still ask $25 for 1500 records a month.
Can we have feedback on this Factom Team, and what are the Future ideas about this can you just keep lower it and actually burn our coin price?
Do you actually care about investors that supported your project ?
I used to like this project a lot, but there to lazy to make any comment on the forum that can take up to 10 minutes, Bloq post are almost not made.
We heard the community and took action. ...
What i dont understand is if the retail price is much more expansive then the Factoid price atm,
...
So if your all selling the Entry coins now and burning your factoids for that, doesnt that mean that your taking a profit on top of your
factoids and for every entry coins you sell you can buy more coins?
....
Indeed the margins were at a high level. Factom, Inc margins are now lower. Wholesale prices ($/EC at the protocol level) have stayed the same since the community responded 2 months ago. Thanks for the feedback, and thats fair enough, cause you were able to lower the price by 4 times, i guess that will be good for adoption. and makes it more interresting to join for company's , specialy with competition joining the market. Is there any progress with milestone 2 ? On tiana twitter she said its beeing tested right now, but the only think going around here is right around the corner. We understand that software might take longer then expected but end of q1 till now is long without any update about M2. This lower the trust and price, cause investors wanna know whats going on. We understand we cant have a exact date but can you not give a indication are we talking about a week, a month or months? |
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This is my initial remark from 3 months ago. Does the Factom team care equally about users of the platform, ie people who plan to store data, and initial investors. It does not seem so.
well changing the price of ECs without any communication is quite bad. This is an ICO coin, so there is a responsibility and liability from Factom to the investors they have asked to invest in their token. Yes indeed and without telling or even explaining why their starting to become a joke! |
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I Just visit the Entry credit store and found out that the Entry credits got cheaper ( a lot cheaper )
Wasnt the price 1000 entry coins for 20$ ? Now for $20 you can buy a total of 4000 entry coins.
No wonder the price is tanking like crazy.
Now you need at least more then 3,5k entrys each block to keep the dollar mark to level out with the inflation, this actually is
insane that they didnt even told anyone or keep a bloq post they just changed it. Is this a way to stock pile a lot Fct for themself.
At Tierion they still ask $25 for 1500 records a month.
Can we have feedback on this Factom Team, and what are the Future ideas about this can you just keep lower it and actually burn our coin price?
Do you actually care about investors that supported your project ?
I used to like this project a lot, but there to lazy to make any comment on the forum that can take up to 10 minutes, Bloq post are almost not made.
Entry credit price does not effect FCT price directly. From what i understand FCT is sold at market price and when converted to entry credits which are at a fixed rate. So if the team reduced entry credit price it is actually beneficial to investors, because you can secure more data with each FCT you hold. You will get a infation of 73k coins a month, that means with a value of $1 you need about 73k $ to stay at the same level. 73k dollar is about how many entry coins 4000 for $20 so you will need about 14,6 million entrys a month. thats equil to 3,4k entry coins a block. So if the team reduced entry credit price it is actually beneficial to investors, because you can secure more data with each FCT you hold. To answer your question about that i dont agree, investors dont buy to secure data but to gain value, and how less others need how lower the price will be eventually. |
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I Just visit the Entry credit store and found out that the Entry credits got cheaper ( a lot cheaper )
Wasnt the price 1000 entry coins for 20$ ? Now for $20 you can buy a total of 4000 entry coins.
No wonder the price is tanking like crazy.
Now you need at least more then 3,5k entrys each block to keep the dollar mark to level out with the inflation, this actually is
insane that they didnt even told anyone or keep a bloq post they just changed it. Is this a way to stock pile a lot Fct for themself.
At Tierion they still ask $25 for 1500 records a month.
Can we have feedback on this Factom Team, and what are the Future ideas about this can you just keep lower it and actually burn our coin price?
Do you actually care about investors that supported your project ?
I used to like this project a lot, but there to lazy to make any comment on the forum that can take up to 10 minutes, Bloq post are almost not made.
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BTW, thx a lot Factom team. Due to your incompetence to deliver M2 on time, u ve cost us all a lot of money.
THANK YOU FOR THAT.
Actually, it's your incompetence as a trader/investor. It's pretty easy to setup a hedge to protect yourself against moves contrary to your primary position. Dude, this is fucking crypto investment, not fortune 500 $6 million investment. Who the fuck sets up a hedge for this unless u invest big time? I m no day trader of speculator like you, I structured and based my whole investment on Factom idea and the ability of the people behind this idea to deliver it. Also on the fact M2 will be delivered Q1. When it was not delivered within that date, the next promise was "just around the corner" after the end of Q1. Where are we now? 3 months after the end of Q1 is a bit too long. That s why I am upset. Not cause of the amount invested cause it s not that significant anymore. I simply do not appreciate being lied to. I see you probably enjoy that since u do not mind. Indeed they dont keep there promise, make own profit with entry coins selling so their oke, and they cant even be bother to comment on bitcointalk. What can i say, like this the coin never will rise cause people will only be happy to sell at buy price. |
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This project starting to look better and better, great job team !
Im actually happy i did donate a small bit early on, hope everything succeed this great.
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Blockchain – to Replace Government in Real Estate http://fintechnews.ch/blockchain_bitcoin/real-estate-blockchain-to-replace-government-in-real-estate/3836/As a solution, US technology start-up Factom announced in May 2015 that it had agreed to build a secure land title record system for the Honduran government using blockchain technology, in conjunction with title software company Epigraph. Transferring land records onto the blockchain, therefore, could be a reality in the not too distant future. In doing so, Factom CEO Peter Kirby believes that Honduras’ land registry system would leapfrog many systems in the developed world. Although recent reports suggest that the partnership has stalled, Factom is adamant that progress is still being made, so it may take longer for the project to come to fruition than initially thought. Ghanaian NGO Bitland also claims to be developing a blockchain-based system for entering land title records, in a bid to correct for the numerous failed attempts by the government to develop a fair and efficient land administration system. At present, courts in Ghana are reportedly being inundated with land dispute cases. Bitland hopes to reduce this burden, and will use the Factom/Epigraph technology, as well as satellites and GPS to verify the accuracy of plots of land. Buyers will also be able to discover the last owner of property rights and land ownership disputes, while the disputes themselves can be made visible to the network, thus ensuring greater security. However, as with Honduras, much work is yet to be done. Same news over and over again |
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Most interestingly, that the Factom team even is not interesting factoids start traded on new exchange (BitMEX). The Factom team even too lazy to publish this information, for example on his twitter  Also doesn't work for me. I loved factom, now i absolute starting to hate their work. If its getting higher im happy to dump my bag and move to some other coin. I would also take away the blockchain explorer if you see no improvement in usage ! |
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didnt they said like the same 2 months ago, now Tierion is comming in strong. |
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