Emericana
Newbie
 Offline
Activity: 50
Merit: 0
|
 |
November 30, 2015, 02:14:02 AM |
|
Where can we trade factoid ?!
|
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
|
|
|
tempus
Legendary
Offline
Activity: 1960
Merit: 1128
|
|
November 30, 2015, 08:18:40 AM |
|
At least for me this is new: Cryptid is the next generation of identification. Cryptid eliminates the possibility of counterfeits by adding factors of authentication and encryption that is backed a distributed global network. It benefits a group or organization of any scale by allowing them implement a secure method of managing the verification of official members. Utilizing existing standards, such as ISO 19794-2 for our fingerprint templates and AAMVA and ANSI personal information format standards, our system can be integrated with existing software and hardware (fingerprint scanners) and easily understood. Our current version of Cryptid uses Factom as its blockchain backend. For encryption we use AES-512-CBC for data encryption and RSA-4096 for signing and verification.(...) http://devpost.com/software/cryptid |
|
|
|
|
Emericana
Newbie
Offline
Activity: 50
Merit: 0
|
|
November 30, 2015, 03:33:49 PM |
|
People are selling for 25k sats when they bough for 52k ...?
|
|
|
|
|
|
whiteorg72
|
|
November 30, 2015, 05:11:13 PM |
|
People are selling for 25k sats when they bough for 52k ...?
They bought when Bitcoin was worth $230 (real price FCT 52k), Bitcoin is now $380 (real price FCT 30k). Therefore, it is normal. Also someone (the first investors) bought at one time below the price of ICO. |
|
|
|
|
|
AlanX
|
|
November 30, 2015, 07:55:09 PM |
|
People are selling for 25k sats when they bough for 52k ...?
They bought when Bitcoin was worth $230 (real price FCT 52k), Bitcoin is now $380 (real price FCT 30k). Therefore, it is normal. Also someone (the first investors) bought at one time below the price of ICO. The pre-crowd sale supporters paid more than the ICO (not less). And Factoids started out at roughly 12-13 cents per factoid, which is a bit above the price now, but the market is pretty thin. If you wanted to buy 5 or 10 bitcoin's worth of Factoids, you would drive the Factoid price up to ~15-16 cents. Likewise, if you dumped a bunch of Factoids, you'd drive the price down quite a bit. |
|
|
|
|
mishax1
Legendary
Offline
Activity: 2898
Merit: 1017
|
|
November 30, 2015, 08:14:28 PM |
|
People are selling for 25k sats when they bough for 52k ...?
They bought when Bitcoin was worth $230 (real price FCT 52k), Bitcoin is now $380 (real price FCT 30k). Therefore, it is normal. Also someone (the first investors) bought at one time below the price of ICO. That is ridiculous and doesn't make any sense.. especially when its being traded only for btc, and most of us bought it with btc. Unless you only care about your fiat money.. |
|
|
|
|
|
AlanX
|
|
November 30, 2015, 08:48:00 PM
Last edit: November 30, 2015, 08:59:06 PM by AlanX |
|
People are selling for 25k sats when they bough for 52k ...?
They bought when Bitcoin was worth $230 (real price FCT 52k), Bitcoin is now $380 (real price FCT 30k). Therefore, it is normal. Also someone (the first investors) bought at one time below the price of ICO. That is ridiculous and doesn't make any sense.. especially when its being traded only for btc, and most of us bought it with btc. Unless you only care about your fiat money.. Bitcoin goes up and down in price. It made sense that we only sell Factoids in terms of Bitcoin to make the token sale open to the world without concern for exchange rates. But most people will still think of their purchase of tokens in dollars or euros, not in bitcoin, simply because it varies quite a bit. Not the same as saying you must think of your purchases in dollars. You are quite free to judge the purchase relative to Bitcoin. Factom opened in the token sale at .0005 bitcoin per factoid. At the end, Factoids sold at .000667 bitcoin per factoid. We are running now at .0003 bitcoin per factoid. But the spread of 10 bitcoin either way would drive the price down to .00019 with a big dump, and up to .00041 on a big buy. So the market really isn't very big yet. |
|
|
|
|
|
whiteorg72
|
|
December 02, 2015, 03:17:11 AM |
|
Factom Explorer has stopped working? Why is not there a new record? http://explorer.factom.org/last record - ID - 12727 BLOCK TIME - 2015-11-29 08:00:00 |
|
|
|
|
tokyopotato
Legendary
Offline
Activity: 812
Merit: 1000
|
|
December 02, 2015, 06:39:16 AM |
|
someone could purchase entry credits without using FCT Good question. It is entirely a matter of perspective. From the perspective of the network, any entry of data must be paid for with Entry Credits, which can only be created with a corresponding decrementing of Factoids. The system is setup so that the person who holds the private key for Factoids can be a different entity that the the EC private key holder. Lets take the example of BIGINT, a large institution who's lawyers have forbidden it from dealing with any tradable token. ECs cannot be reassigned, so those are just fintech denominated in KiB, which the IT department can use no problem. Here is how BIGINT will use Factom without using Factoids: BIGINT creates an EC key, and issues a Purchase Order to a Intermediary A. Intermediary A's lawyers and accountants are comfortable with tradable tokens. Intermediary A purchases Factoids from the market and converts them to Entry Credits, crediting BIGINT's EC key. Intermediary A creates an invoice on BIGINT's standard NET30 terms and sends it to BIGINT's accounts payable department. BIGINT sends a USD$ ACH transfer 29 days after the invoice, per the terms. Viola, BIGINT has used Factom without using Factoids. Once the federated server system is up and running, does that mean FCT transactions can be processed in seconds? Yes, to a degree. It comes down to a matter of trust and time. Like in bitcoin, the confidence increases with time, but is more granular at short time periods. Here is a bitcoin analogy: assume that you knew which miner was going to win the next block. Now assume they promised to include your transaction in the next block. That might be considered processed. There is still the chance that all the rest of the miners will orphan that block, and not include your transaction later. Here are the levels of trust will occur in Factom: 1. Your full node client gets a transaction. It passes all the rules of the protocol + a few seconds 2. The designated Federated server for that Chain broadcasts an acknowledgement for that transaction, arbitrating between any malleations or doublespends. (note, I think we solved malleation from anyone without the private key. https://github.com/FactomProject/ed25519/commit/dadf2ec666e4abca02e8275370686855b9e419cf) + a few seconds 3. The other Federated servers do not reject the designated one for any misdeeds. + The rest of the minute 4. The Federated servers shuffle, come to loose consensus, and change which chains they are responsible for. + The end of the 10 minute period 5. The Federated servers add up all the acknowledgements and create the block structures. Then, the majority of them broadcast out a signature of the block. The Bitcoin anchor is created and broadcast on the Bitcoin network. + 10 more minutes. 6. A new block is created including the signatures of a majority of the Federated servers. + 1 hour 7. The Bitcoin anchor transaction has 6 confirmations, making it permanent, and also showing that Factom as a system is not itself forked. Thanks for the long thoughtful responses to my questions. It seems it's much simpler to just trade FCT than to bother with trading Entry Credits. As for the quick transaction processing, it sounds like there is a sort of "soft-confirmation" by the federated servers before coming to a more trusted "hard-confirmation" through the Bitcoin anchor transaction. That does seem like a best-of-both-worlds compromise. Cool. |
|
|
|
|
|
FACTOM (OP)
|
|
December 02, 2015, 03:25:53 PM |
|
Factom Explorer has stopped working? Why is not there a new record? http://explorer.factom.org/last record - ID - 12727 BLOCK TIME - 2015-11-29 08:00:00 We are looking into it. Thanks for sharing. |
|
|
|
|
|
AlanX
|
|
December 02, 2015, 11:37:06 PM |
|
Factom Explorer has stopped working? Why is not there a new record? http://explorer.factom.org/last record - ID - 12727 BLOCK TIME - 2015-11-29 08:00:00 Factom was running all along. The explorer crashed, and unfortunately it turned out NOT to be a code bug, but a balance issue with Google App Engine. Made us waste a lot of time looking for a "No Bug" bug. Anyway, it is running now. http://explorer.factom.org/ |
|
|
|
|
tempus
Legendary
Offline
Activity: 1960
Merit: 1128
|
|
December 03, 2015, 07:57:57 AM |
|
|
|
|
|
|
|
dcxtx
|
|
December 03, 2015, 04:11:20 PM |
|
Thanks for the long thoughtful responses to my questions. It seems it's much simpler to just trade FCT than to bother with trading Entry Credits. As for the quick transaction processing, it sounds like there is a sort of "soft-confirmation" by the federated servers before coming to a more trusted "hard-confirmation" through the Bitcoin anchor transaction. That does seem like a best-of-both-worlds compromise. Cool.
Entry credits are not tradable. If trading is what you are doing, DO NOT convert your factoids to Entry Credits. |
We buy and sell Factoids.
Also BTC, DOGE, DRK/DASH, FTC, LTC, NAV, NMC, NVC, NXT and PPC
|
|
|
christinalorence
Newbie
Offline
Activity: 9
Merit: 0
|
|
December 04, 2015, 07:42:20 AM |
|
I have checked this system. It is really reliable one.Thanks for sharing this.
|
|
|
|
|
tempus
Legendary
Offline
Activity: 1960
Merit: 1128
|
|
December 04, 2015, 10:01:10 AM |
|
|
|
|
|
|
|
FACTOM (OP)
|
|
December 04, 2015, 12:48:55 PM |
|
That's another great use case for Factom: blockchain-based voting systems. |
|
|
|
|
|
|
|
|
|
