Factom devs are still very active.. Paul said testnet will be released in a matter of weeks.. Pegging mid Oct for this.. and then full release in November. Just a guess but who the hell knows at this point.
With btc rising not many good bets atm.. At the end of the day still think we have a big winner here. Slowly accumulating.
the value of a blockchain is not defined by the size of its GitHub.
I wanna see clients buying Factoids. I want Factom to say
"Company X promised to publish hashes regarding its (...) in Y amounts of data every year, and will be buying Z USD worth of entry credits."
We don't see any such announcements, because they don't exist.
All i see is that according to FACTOM CEO's himself, is that there are 3,500,000 cumulated entries in Factom,
and if my math is correct, you need 3,500,000 EC at $0.001 a piece, and they earnt a formidable 35,000 USD with that...
They'd better to find clients quick, else, people will start to think that after all, Factoids are way too expensive.
But yet there is 66M records now hashed into the blockchain.. What are you smokin' bitcointalk newbie...
this is the message from David Johnston dated Aug 30th:
Factom Supporters,
Thanks again for all your support of Factom, Inc. and its mission to make the world more honest and transparent.
Here below is the latest update on our progress and a bit of a preview of goals for August / September.
Factom, Inc. Summary:
Signed Department of Homeland Security (DHS) as a customer. Factom’s team is actively delivering milestones on this project.
Factom adds finance and banking dream team members. Including Former Federal Reserve financial markets expert & bank executive joins the Factom, Inc. Board of Directors and subject matter experts join Factom in our target industry.
In Tokyo, I announced the Factom integration with Smartcontract.com that allows Factom data to trigger Ethereum smart contracts.
Quick Factom Network Stats:
55,000,000 records published and verifiable
3,500,000 entries made into the Factom network
51,000 anchors into the blockchain
ok, someone please explain me, the difference between a record and an entry into the Factom network.
I think the EC rate of $0.001 applies to the 3,500,000 and not to the 55,000,000 figure
even if i took your 66,000,000 figure, times $0.001 thats a cumulated 66,000 USD !!!! Certainly not the kind of figure that justifies the current valuation.
Its all speculation man
Don't shoot the messenger, i'm telling the truth.
And I'm not a newbie, i've posted regularly on Reddit, i was very bullish Factom, but when it was trading at 0.0025, not when it was trading at 0.005... and i'm a trader, i know when to enter and exit markets, sorry for you if you don't have that skill.
DISCLOSURE: I own Factom A-shares, bought on BNKTOTHEFUTURE. So i am hoping very much that they will be a successful venture. I certainly hope to hear good news. In the meanwhile, if you ask me where FCT is heading in the short term, i think it's capped around 0.0042 and the market will go to maximum pain, down to 0.0025 but in a more quiet fashion. with several fake rallies in between.
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