Wise words, not just applicable to crypto either.
Factom is too boring for the perma-trolls thankfully.

Basically what I was getting at. I know little about his history but from 5 mins on google seems to have been an organiser for a whole bunch of coins related to Mastercoin at that time.

I get this vibe of petty retribution because someone lost money on a failed project.

Exodus seems like an excellent wallet to me, should Factom even spend the resources on building their own?
A nice gui wallet is basically the main request here, and I feel that the lack of one immediately scares a lot of people away

Exodus know their stuff, they aren't half assing around with their product. So if someone else can do it better for you, why not just let them and direct your energy elsewhere?

I'm intrigued also, is there any more to be said?
Saying someone just ran off with your coins is a serious allegation, trying to look around for details but can't find much

There's a massive difference between a coin failing and a scam. Technology startups aren't some guaranteed road to riches while you sit back and drink martinis.
Can't see Johnston on their website though he's related to it somehow.

https://letstalkbitcoin.com/blog/post/mastercoins-api-network-launches-to-lackluster-crowd-sale

The crowdsale address shows they raised ~60BTC:

https://blockchain.info/address/12Stz3hoF1sY9J12GyMhsAGBa16vWrmufG

walletapp is perfectly secure, but runs through a browser and isn't the nicest looking thing, this is widely acknowledged, even by the Factom team
https://github.com/FactomProject/distribution


there's also a paper wallet for storage, factoidpapermill, again on github:
https://github.com/FactomProject/factoidpapermill/tree/master/bin

Secure the private key on paper or a usb somewhere and that's it

https://herox.com/PatientIDChallenge

Shame the Factom team didn't get in on this, $1m prize.
They've virtually got the entire framework required by the challenge already in place, just needs to be adapted for the purpose.
Had I seen it earlier would have entered myself and used the protocol.

Oh, that's definitely not a dumb question, though there's 264 pages of forum comments, so yes probably an already answered one.

I think most people (myself included) thought you were asking Factom's Chief Scientist what he thinks is a good trading range for factoids. With the resulting hilarity.

So you mean projected EC usage? Theres a google docs daily summary here: https://docs.google.com/spreadsheets/d/1RUZLxxoAfT3C5jIJ144DLYdztYe_sqrKqbTlZuD05-s/htmlview?pli=1#gid=445871101

The network seems to average about 15K entries a day, less on weekends, understand this is still alpha stage software though, when v2 arrives it will be in a condition that is much more appealing to enterprise customers. Eventually v3 will mean voting and full decentralisation. After that factoids will start being minted and paid to the Federated Servers for their services.

This thread is gold.

You always make me smile Brian, and im very grateful for the time you spend dealing with us all, the crypto world is crazy place, but it's plainly clear to anyone who looks that y'all are very good people working there. I hope you take as long as necessary to move on to v2, might just be me, but I really prefer something done right rather than something rushed out the door under duress.

Apologies if the questions are quite forthright or on touchy subjects. I just hope others understand how powerful the protocol actually is, in the end private enterprise will be the ones burning EC's, but the the p2p network has its merits in times of need.

It's a pretty crappy example on my part, but gets the idea across.

As I said earlier about Turkish censorship on twitter, which coincidentally blew up only a few hours later, now sites hosting the leaked Turkish govt docs or even linking to them is blocked, Google Drive, Onedrive, Gibthub are all blocked, solely for storing the files or magnet link

This is what tyranny looks like in the digital age. The emails are damning, but governments control the backbone of the internet, they censor because they can, and it now affects millions of innocent people who are simply trying to go about their lives without even caring about the documents, software companies are making alternate location plans after github was censored. It's far from reasonable for a modern democracy and especially a western ally.

 I very much dont support this new phenomenon of wholesale leaking, its easily manipulated by nation-states (the WADA leaks were proven to be partially falsified and regarded as payback by Russia), but proper whistleblowers deserve protection in a civilised society and any claims should go through the scrutiny of the justice system, that's what's separates us from the terrible countries on earth, and it's really sad how the world seems to be turning it's back on justice as though the means justifies the end, history has shown repeatedly how this turns out.

If Maidsafe were up and running Turkey would struggle to hide this, but as it stands it's very easy for any government on earth to block whomever's IP address they want to. When large corporations and monetary threats are involved it's even easier.

Simply posting the torrent link here means bitcointalk would likely be banned. You can't claim to stand for your principles yet watch others down the street to do otherwise without saying a thing.

There's nothing stopping you from doing it, but it is incredibly expensive to store data on the Factom chain. From the FAQ:



Though still far cheaper than storing the data yourself on the Bitcoin blockchain, unless you are a billionaire it's not intended for data storage. It's for proof of existence and auditing purposes.
Say you had an invention but weren't ready to patent, you could make a hash of your file containing the idea, and as long as you keep that file you can prove ownership at a specific point in time that is indisputable.

Mental note: read all the comments before commenting yourself

Sounds tremendous.
Its wonderful that Factom employees drop in here to clear things up also, hope people realise they do have dayjobs.

Going to be greedy and ask 2 questions, one was alluded to in another forum which Brian seemed to get the meaning of:

• Could Factom be censored? Don't mean someone randomly spamming my chain with nonsense, I mean an activist in Egypt photographing injustices, expensive as it is to store photos on Factom, it's a price some would be very willing to pay, even twitter routinely censors journalists geographically at the request of governments.
  Once anchored, it's there right? Everything suggests so, just would like to hear thoughts from the top. Also, if the Factom network went down how easy would it be for say a BBC Journo to get this hypothetical photo from the bitcoin blockchain instead?
  https://www.washingtonpost.com/opinions/twitter-shouldnt-let-itself-become-a-tool-for-tyrants/2016/10/06/236b5684-8a65-11e6-b24f-a7f89eb68887_story.html
  
  
• The Ethereum network has been under attack for weeks now. How much stress testing have you guys done? I see stress testing for massive amounts of entries on github, but what about get data requests? and are there plans for bug bounties?

Yeah, there's possibly more than two questions there, I'm just going to ignore that fact.

Really good article also, recommended reading.

Haha classic.

"Here's the whitepaper, once you done there, there's also 28 pages of consensus protocol."

Factom is not an easy thing to wrap one's head around at first.

I understand why people don't wan't to read white papers, but then asking if they can 'just get a paragraph'? You could get a summary of it sure, but in the end you'll likely just get marketing that has nothing to do with the underlying technology, and with that no real understanding. There's no short-cuts in life mate.

This post is very bizarre, with a lot of misinformation.

Factom is the company, the tokens are Factoids, you could invest in either through bnktothefuture or buying FCT.

Factom Inc that Draper just invested in, hopes to earn it's cash from putting data onto the Factom blockchain burning factoid tokens in the process. But companies don't have to use Factom Inc, they could just do it themselves. Jeez, if you hate Draper so much you could start your own company that directly competes with the Factom Inc selling entries just like they do.

Your allegations about Draper somehow taking all the profits himself from a registered US corporation after buying a small stake in the company is utterly bizarre.

If Factom Inc does well it burns more FCT, which benefits token holders AND investors in the company.
If Factom inc does terrible as a company but business/govt start using the protocol and putting data on the chain themselves it only benefits token holders.

A little bit of research goes a long way my friend. All the best.

Inflation only starts after M3 is complete. It will be quite a long time before any new factoids are created.
Until then all TX fees and Entry Credits will keep on burning.

Factom is one of the few deflationary coins out there currently.
ETH supply will double within a few years, which doesn't seem to bother many people.

Initial supply was 8,759,968 FCT, current supply is 8,749,355, about 10,000 FCT
so over $30k USD at today's prices

https://factoid.live/

Will there be any recordings or transcripts?

SilkNet team topnotch.
One or two more serious dnm failures and it's game over, it's only a matter of time.
Decentralized or bust.

Looks pretty much the same as yesterday to me.
Got all excited, was about to back up the truck and fill it with factoids.
Definitely not worth getting out of bed for.