djemphol (OP)
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Activity: 96
Merit: 10
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April 02, 2015, 12:57:48 PM |
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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/FACTOMI 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? |
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BitcoinNewbie15
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Activity: 574
Merit: 296
Bitcoin isn't a bubble. It's the pin!
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April 02, 2015, 01:05:29 PM |
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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  |
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AltcoinInvestor
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April 02, 2015, 01:05:40 PM |
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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.
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djemphol (OP)
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Activity: 96
Merit: 10
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April 02, 2015, 01:24:36 PM |
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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 |
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djemphol (OP)
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Activity: 96
Merit: 10
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April 02, 2015, 01:25:17 PM |
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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. |
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EvilPanda
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April 02, 2015, 01:27:04 PM |
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No, I won't. I don't have enough money to waste to gamble with altcoins.
I have nothing against the project and wish them luck, but it would be much better if people who make altcoins put their money and effort into Bitcoin.
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shogdite
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April 02, 2015, 01:32:24 PM |
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The presale has raised 780 BTC+ so far, and it has just started. At least the hype is there.
A fool and his bitcoin are easily parted  I wont be investing a single satoshi, every ICO is a scam until proven otherwise. |
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DarkHyudrA
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Activity: 1386
Merit: 1000
English <-> Portuguese translations
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April 02, 2015, 01:45:46 PM |
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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?
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English <-> Brazilian Portuguese translations
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amiryaqot
Legendary
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Activity: 1050
Merit: 1000
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April 02, 2015, 01:46:30 PM |
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The presale has raised 780 BTC+ so far, and it has just started. At least the hype is there.
A fool and his bitcoin are easily parted I wont be investing a single satoshi, every ICO is a scam until proven otherwise. agreed with you there are so many example of ICO they just raised btc from user but never deliver so if anyone interested to lose his hard earned money then can go to invest in that project. |
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trafficolaa
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Activity: 1008
Merit: 1000
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April 02, 2015, 02:08:34 PM |
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The presale has raised 780 BTC+ so far, and it has just started. At least the hype is there.
A fool and his bitcoin are easily parted I wont be investing a single satoshi, every ICO is a scam until proven otherwise. agreed with you there are so many example of ICO they just raised btc from user but never deliver so if anyone interested to lose his hard earned money then can go to invest in that project. omg another ICO running there to raised money i already lost lot of money in shit coins so i will never invest in any crowd funding project. |
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dasource
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April 02, 2015, 02:28:08 PM |
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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/FACTOMI 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 ... |
^ I am with STUPID!
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inBitweTrust
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April 02, 2015, 03:08:44 PM |
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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.
Even the legit and promising coins are an extreme gamble... Ethereum has has many potential hurdles and weaknesses and may just end up being avoided because its superfluous and too complicated in favor of using oracles, sidechains, http://gavintech.blogspot.com/2014/06/bit-thereum.html, or incorporating scripts with https://github.com/bitcoin/bips/blob/master/bip-0065.mediawikiMaidSafe is going strong ...
Maidsafe is a very ambitious project with a lot of competition and therefore very risky. One other concern is that maidsafe is depending upon many patents which will drive many open source advocates like myself away from locked down and controlled solutions for ones that anyone can innovate with without permissions or paying royalties towards. Factom is a huge gamble that also isn't worth investing in at the moment. Many of these companies are asking the users to fund the development of an idea unlike bitcoin where developers wrote the code without an ICO and it organically grew based upon the value and merits of the project. |
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fast2fix
Legendary
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Activity: 1612
Merit: 1001
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April 02, 2015, 03:43:44 PM |
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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/FACTOMI 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? i would say no. if you really want to buy this altcoin wait for it to get listed on exchange then you can buy at a lower rate/price.  |
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inBitweTrust
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April 02, 2015, 03:50:01 PM |
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i would say no. if you really want to buy this altcoin wait for it to get listed on exchange then you can buy at a lower rate/price. With the added disclaimer of waiting for the first pump and dump after it hits the exchanges when it has completely capitulated from the hype, than it may be wise to invest if they are producing promising work. Otherwise, you are just day trading or gambling. |
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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April 02, 2015, 04:04:37 PM |
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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 sometimes it is too easy |
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Minerjoe
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April 02, 2015, 04:17:58 PM |
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I probably would if I had any BTC left.
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rokkyroad
Legendary
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Activity: 1090
Merit: 1000
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April 02, 2015, 04:48:31 PM |
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Say NO to ICO.
Money thrown away on ICOs is killing cryptocurrencies. 99% of them turn out to be scams or die off before they ever do anything.
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" If you have to spam and shout to justify your existence then you are a shit coin." TaunSew
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manselr
Legendary
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Activity: 868
Merit: 1004
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April 02, 2015, 05:14:54 PM |
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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/FACTOMI 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. |
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jonald_fyookball
Legendary
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Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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April 02, 2015, 05:17:39 PM |
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I dont see the need for this in the marketplace anytime soon.
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removebeforeflight
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April 03, 2015, 01:36:31 AM |
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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.
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