Factom, are you going to buy it?

[tss]

I have also heard about factom. I just dont know where to find more information on it... I have searched the BTCtalk forums but no luck

Factom.org

Nope, I won't.

How many shitcoins they'll sell?
As much as they can!
Everyone can grab shitcoins with high prices. It'll turn out scam for sure.

Doesn't sound like you actually took the time to read about it.

doesn't look like you actually want people to comment freely.  looks like you're a fanboy or shill.  good luck with that.

[tss]

I can see a a lot of merit in the factom project. It's solving real world problems using the blockchain.
So put BTC their way if you believe in the project, but not as any kind of investment as it's likely isn't.

hey fanboy.  what merit does it have?  please enlighten us on the problems it solves.
i see no benefit except for other's profit.

[OROBTC]

...

removebeforeflight

While any comment of mine is worth less than the average person's here, I too like the IDEA behind factom.org, that of working with real businesses to secure some types of information to the blockchain.  I am not competent to judge whether their technology (I have read most of their website and look at other info) will win in the end.

FACTOIDS are not of interest to me however.  How about offering up debt or equity, factom?

There are two bright programmers who have some services more-or-less in this space:

bitproof.io

and

proofofexistence.com

You can see what their work looks like at their websites and take a look at what it looks like (OP_RETURN) on the blockchain at coinsecrects.org.

This hints to me that there will be substantial competition in the store-data-as-a-hash business.  But, IMO, someone will make $$$ in this...


EDIT: Just now I see that factom now has a number of transactions (+/- 1:30 AM US ET) at coinsecrects.org.

[removebeforeflight]

Tss; I'll take fanboy as a complement.

A immediate use case is a civil court proceeding (aka divorce).
Factom could provide transparent proof of process (who filed what, when)
and potentially is a backbone to secure electronic document access (orders). This kind
of thing is a *massive* problem across justice and healthcare.

I see factom as a building block. Your average joe doesn't care
whether his or her data is served up via oracle or sql*server. They
equally won't know that their information is being managed by
factom. But if it gets a solution built in a more expedient, reliable and
secure fashion it's going to get some traction. Hopefully
before more seriously funded products show up.

[InceptionCoin]

Factom is interesting project but ico is useless? Why will companies buy factom tokens if they could fork the code and use their own?

[entertainment]

I've been reading alot lately about Factom, one of the first applications build on top of the Bitcoin blockchain: https://koinify.com/?factom#/project/FACTOM

I think I'll throw in a few Bitcoins, the concept looks really nice. However, I have bad expiriences with ICO's so far.... People are often very eager to dump when they don't make profit immediatly after the project is released.

The presale has raised 780 BTC+ so far, and it has just started. At least the hype is there.

Whats your opinion? Are you buying some Factom?

How many IPO's have been successful thus far? Just saying. I think Ethereum was the only legit Bitcoin IPO, and even if it was legit, it means nothing in terms of it being a success.

MaidSafe is going strong ...

Maidsafe has been crashing since it peaked at 13k. I called it out that it was a bubble and it would go to pre bubble prices, it was pretty obvious.
Dont get me wrong MaidSafe is amazing but people in general is too dumb to get their heads around it if we still didn't got them on BTC. I believe it will shine very long term but for now its not worth the risk since you could get in a lot cheaper.

Sorry. You were wrong.

[wishxy]

Almost everybody were wrong on this thread about Factom and MadSafe.

[sonic212]

No, I won't buy any Factum.
The idea is good, but I can't see people using it.
Its designed for business, but did they ever talked with a business to know that THIS solution would be accepted and a viable choice?

whether factom very bad for you so that you do not want to buy it. and I wondered about this.