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So nobody else noticed that HUGE trading spike ?
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Is the factoid value being measured by the dollar or the bitcoin ?
Factoids are measured in Bitcoin value. Entry credits price is fixed to a certain tiny dollar amount. ( forgot how much ) So when Factoid price goes up, you're going to need less of them to buy entry credits. Or you could buy entry credits directly from, for example, Factom Inc. But Factom inc. will still need to convert Factoids to entry credits. |
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Figures may trigger and may fail, but triangle is not a circle anyway.
You do really sound like a prophet  |
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Any contacts you've made with someone interesting in using factom? Any partnerships with apps that will use it? Or there is still no interest from others on using factom?
If you look on the frontpage, you'll see a long list of high profile partners. |
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But not every pattern is a perfect pattern, right?
The funny thing about TA is you can find a pattern to match any idea, if you just look for imperfect patterns And to make matters worse, you can find multiple patterns that conflict each other. I find that the only patterns that are worth a LOT are the ones everyone agrees on. Because then they become self fulfilling prophecies. |
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"This brings the cost to enter data back to the expected $0.001/KiB"
So if I have my math right, that is roughly a dollar per megabyte of storage, so to store a duplicate of the Bitcoin blockchain on the Bitcoin blockchain would cost roughly 46,000 dollars?
To store a hash of the entire blockchain on the block chain would be silly, because the blockchain is already immutable But you CAN and it'd only cost you 1 entry credit Again, what Factom is used for is to store HASHES not unhashed data. A hash could be compared to a fingerprint of the original data. Factom locks that hash into place on the blockchain. Because it goes through the Factom layer first, and not directly on the blockchain, it's very scalable and pretty much without limit. It's mindboggling when you think about it. Here's a video about it. Check it out. https://vimeo.com/125384943 |
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If your "marketing" is what you promise you shouldn't need to look here for partners.  Hahahah indeed. This is baaaaad marketing |
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One question, what I still don't understand: Will it depend on the file seize how many entry-credits one will need or will it be the same if a document is, for example, 1 MB or 20 MB?
One per entry, always. Not the files themselves are stored through Factom, but a hash. Merkle Magic is used to reduce any piece of data to a single hash. Then anyone can verify, using this hash, that the data existed in the point in time that the hash was put into the blockchain. Factomise, baby ! |
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If it has happened in the end of 2013,doesn't mean that surely it will happen again in June 2016. I also think that if we are going to see some rise because of the halving, that should start enough before the halving. My guess about 3 months before at the latest. I repeat, if there b will be a halving caused rise.
It's nice to watch the whole video before commenting on it. Or are you just boosting your postcount to make money ? |
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I'm not worried about price, only worried about development.
And that's what they're working on. It's the end result that counts. Coding is always based on the Pareto principle...
True that. 20/80 ftw. |
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Oh, man
Investors gave you 6000+ BTC totally, If you really want to help the price, please take a little of them(e.g. 600 BTC) to do price thing like buy back some FCT etc,
<snip>
Mr Wang, artificially inflating token prices like that ALWAYS backfires. I've seen this time and time again. Even teams who make it their number 1 objective to stabilize a price by putting up buy and sell walls have failed. ALL of them. You can only control a market rate for so long. Then people will game that system and abuse the attempt to create stability for their own gains. The market will decide... the market had decided right now that the demand to raise Factoids above the ICO price is not there. Fine by me !! Disclosure : I've bought quite a lot extra and will continue to do so as long as I can afford it. |
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Buy orders are starting to really outweigh sell orders. Today is going to be fun |
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Looking at harvsmith's post history this is obviously a troll account.
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Nope not that one. Maybe that one to, actually. But not the one I meant.
Why all these secrets ? Well, I don't want to put pressure on my friend to finish the integration. Also, it's not my place to make the announcement. |
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Making online money is imposible unless you are famous.
heheh. I guess Im famous |
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Go learn a skill. Sell that skill for Bitcoin. Easy right ?
For example; study After Effects, get good at it and I'll hire you.
lynda.com is your friend. If you have half a brain there is not excuse for not having skills.
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Nope not that one. Maybe that one to, actually. But not the one I meant.
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<snip> If a country wants to put their records on the blockchain you don't want to tell them "sure, go make an account on cryptsy."
No, nobody needs to buy Factoids to use Factom. To use Factom, you need entry credits. You can convert Factoids to Entry credits, but you can also buy entry credits directly. So governments don't need to touch Factoids, but they'll still have to be destroyed to create entry credits. Heh. I suck at explaining stuff like this. Hope I made sense ! |
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A little bird told me that the first exchange will not be Cryptsy or Poloniex, instead it will be hosted on a brand new advanced digital currency trading platform |
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