[ANN] FACTOM - Introducing Honesty to Record-Keeping

[Eugenar]

Ups, a nice price dump. It seems Chinese New Year and exchange of crypto into Yuans has had a lot of infuence on Factom. Let s hope this is temporary.

Is this a Chinese coin? Why should it have anything to do with Chinese New Year? I thought it is Western coin.

[1714058968]

1714058968

[1714058968]

1714058968

[whiteorg72]

Ups, a nice price dump. It seems Chinese New Year and exchange of crypto into Yuans has had a lot of infuence on Factom. Let s hope this is temporary.

Is this a Chinese coin? Why should it have anything to do with Chinese New Year? I thought it is Western coin.

Factoids(FCT) an American coin (token) created by the Factom company from Austin, TX. Just the main buying / selling of this coin in China.
It is therefore natural Chinese New Year effect on trading in this coin (token).

http://coinmarketcap.com/currencies/factom/#markets

Statistics today (volume 24 hours):

Yuanbaohui (China) FCT/CNY   $ 181,496 = 62.61 %
Poloniex (US) FCT/BTC   $ 106,981 = 36.90 %   
Bittrex (US) FCT/BTC $ 1,413    = 0.49 %   

Total Factoids: 8753720 (today)

[crazyivan]

Ups, a nice price dump. It seems Chinese New Year and exchange of crypto into Yuans has had a lot of infuence on Factom. Let s hope this is temporary.

Is this a Chinese coin? Why should it have anything to do with Chinese New Year? I thought it is Western coin.

Factoids(FCT) an American coin (token) created by the Factom company from Austin, TX. Just the main buying / selling of this coin in China.
It is therefore natural Chinese New Year effect on trading in this coin (token).

http://coinmarketcap.com/currencies/factom/#markets

Statistics today (volume 24 hours):

Yuanbaohui (China) FCT/CNY   $ 181,496 = 62.61 %
Poloniex (US) FCT/BTC   $ 106,981 = 36.90 %   
Bittrex (US) FCT/BTC $ 1,413   $ = 0.49 %   

Total Factoids: 8753720 (today)

Well, Chinese New Year effects will cease by the end of this week and then we turn towards the next milestone.

[whiteorg72]

Ups, a nice price dump. It seems Chinese New Year and exchange of crypto into Yuans has had a lot of infuence on Factom. Let s hope this is temporary.

Is this a Chinese coin? Why should it have anything to do with Chinese New Year? I thought it is Western coin.

Factoids(FCT) an American coin (token) created by the Factom company from Austin, TX. Just the main buying / selling of this coin in China.
It is therefore natural Chinese New Year effect on trading in this coin (token).

http://coinmarketcap.com/currencies/factom/#markets

Statistics today (volume 24 hours):

Yuanbaohui (China) FCT/CNY   $ 181,496 = 62.61 %
Poloniex (US) FCT/BTC   $ 106,981 = 36.90 %   
Bittrex (US) FCT/BTC $ 1,413   $ = 0.49 %   

Total Factoids: 8753720 (today)

Well, Chinese New Year effects will cease by the end of this week and then we turn towards the next milestone.

The Factom project should only work in 1Q 2016, so we still have two months before the end 1Q 2016.
So do not expect anything soon, maybe wait until April.

Chinese New Year lasts 15 days, from February 8 to February 23, 2016.
http://www.chinahighlights.com/travelguide/festivals/spring-festival/chinese-zodiac-years-of-2011-to-2020.htm

[helloge]

the price in yuanbaohui is stable now.

[crazyivan]

Ups, a nice price dump. It seems Chinese New Year and exchange of crypto into Yuans has had a lot of infuence on Factom. Let s hope this is temporary.

Is this a Chinese coin? Why should it have anything to do with Chinese New Year? I thought it is Western coin.

Factoids(FCT) an American coin (token) created by the Factom company from Austin, TX. Just the main buying / selling of this coin in China.
It is therefore natural Chinese New Year effect on trading in this coin (token).

http://coinmarketcap.com/currencies/factom/#markets

Statistics today (volume 24 hours):

Yuanbaohui (China) FCT/CNY   $ 181,496 = 62.61 %
Poloniex (US) FCT/BTC   $ 106,981 = 36.90 %   
Bittrex (US) FCT/BTC $ 1,413   $ = 0.49 %   

Total Factoids: 8753720 (today)

Well, Chinese New Year effects will cease by the end of this week and then we turn towards the next milestone.

The Factom project should only work in 1Q 2016, so we still have two months before the end 1Q 2016.
So do not expect anything soon, maybe wait until April.

Chinese New Year lasts 15 days, from February 8 to February 23, 2016.
http://www.chinahighlights.com/travelguide/festivals/spring-festival/chinese-zodiac-years-of-2011-to-2020.htm

Yes but the price was under pressure cause Chinese were cashing out to Yuan due to this event. Once it starts, I highly doubt they ll be sitting on the exchanges.

[whiteorg72]

The Factom begins to be built in Ethereum
EthereumPlayground
Test playground for random Ethereum scripts
https://github.com/FactomProject/

[whiteorg72]

I think that Paul's comment on the AMA is getting totally blown out of proportion.  Granted, we are calling it Release Candidate 1, which is a bad name.  It probably conveys more quality than you should expect.

We are working to have the first release candidate of the consensus algorithm by the end of the year. We fully expect to release a few release candidates prior to going into production with the consensus algorithm early in 2016.

THIS

This was not an announcement.  It was an internal target to aim at, not something that we expect the community to rely on.  This was from an "Ask Me Anything" session.  A predictive answer was given, not a binding announcement.


Lets make sure we temper expectations.  At best we will be showing off a developer preview.  It is far from being ready to switch the network over and start using.  It will be enough for structures to be built with optimal network communications.  It will probably perform poorly with sub-optimal network communications, i.e. on the internet.

It is primarily for our internal testing team to have something to start poking at.



That being said, now is a good time to start asking for Milestone 2 Community Testers.  Please email me at brian@factom.org if you would like to help test Milestone 2 Release Candidates. 

The complexity to get it installed is probably about as difficult as this one for Milestone 1: https://github.com/FactomProject/FactomDocs/blob/master/communityTesterDirections.md

We're now into February and 2 months away from end of Q1. Any update on how the milestone 2 work and testing is going?

See here for a daily update - https://github.com/FactomProject/

[tempus]

The Factom begins to be built in Ethereum
EthereumPlayground
Test playground for random Ethereum scripts
https://github.com/FactomProject/

And here is an interesting conversation about Ethereum and Factom - also Paul Snow replied there:

http://ethereum.stackexchange.com/questions/178/is-there-a-functional-equivalent-to-factom-in-ethereum

[tempus]

Blockchain Smart Contract Applications (Factom, Mirror and Epigraph)
http://bitcoinagile.com/55A107/blockchain-smart-contract-applications-factom-mirror-epigraph_stream

[crazyivan]

Seems the price s also recovering a bit. I guess the Chinese purchased their NY presents. 

[Amph]

is this anything like colored coin? something to help build project on the blockchain?

[CB_project]

Is Factom a kind of everledger.io or can I buy storage with factoids?

[tempus]

I'm not sure what exactly this means, but it seems to be interesting.

Chinese - Google-Translator:

Factom to join iSoftStone, tile-based chain to build "smart city"

Recently, iSoftStone Information Technology (Group) Co., Ltd. (hereinafter referred to as: iSoftStone) and Factom (through notary) jointly issued a memorandum of cooperation, the two sides iSoftStone smart city solutions and Factom block chain technology fusion entered into a collaboration. Factom will provide commercial and technical support to assist the use of iSoftStone block chain technology to further expand the company's business strategy. As iSoftStone smart city part of the solution, Factom's Apollo product will provide data storage, audit and authentication services, to promote the use in several parts of China.

(...)

http://www.8btc.com/factom-isoftstone


Edit: The quote of Jack Lu (Factom) is a good sign that it's more than just a rumor (also google translator):

We very much look forward to this time with iSoftStone innovative cooperation projects. ISoftStone as the industry leader will help us more quickly into the Chinese market, and to build a support frame connected to the modern city.

[Poloniex Matthew]

Factom is one of the most exciting developments for 2015.

Transparent, real faces and near unlimited possibilities for real world use.
I'm looking forward to where this goes.

[MaGNeT]

Factom is one of the most exciting developments for 2015.

Transparent, real faces and near unlimited possibilities for real world use.
I'm looking forward to where this goes.

I could not have said it better myself 

Factom is one of the most exciting developments for 2015.

Transparent, real faces and near unlimited possibilities for real world use.
I'm looking forward to where this goes.

[crazyivan]

Factom is one of the most exciting developments for 2015.

Transparent, real faces and near unlimited possibilities for real world use.
I'm looking forward to where this goes.

I d just like to see a bit more information about implementation of milestones, especially some dates, at least tentative ones.

[whiteorg72]

Factom is one of the most exciting developments for 2015.

Transparent, real faces and near unlimited possibilities for real world use.
I'm looking forward to where this goes.

I d just like to see a bit more information about implementation of milestones, especially some dates, at least tentative ones.

You want to use the project or just to quickly sell their factoids?
If you just sell it earlier than the end of 2017 they should not be sold.
The real price of factoids at the end of the next 2017 will be about 50-60 dollars per coin.
Since the actual Factom project gains its force only in the next 2017.
Do not wait for this year's great achievements since the project is only in its early stages.
Now better to just put their coins for a long storage

[crazyivan]

Factom is one of the most exciting developments for 2015.

Transparent, real faces and near unlimited possibilities for real world use.
I'm looking forward to where this goes.

I d just like to see a bit more information about implementation of milestones, especially some dates, at least tentative ones.

You want to use the project or just to quickly sell their factoids?
If you just sell it earlier than the end of 2017 they should not be sold.
The real price of factoids at the end of the next 2017 will be about 50-60 dollars per coin.
Since the actual Factom project gains its force only in the next 2017.
Do not wait for this year's great achievements since the project is only in its early stages.
Now better to just put their coins for a long storage

I m into this and most of other coins I hold, only long term. So I do not sell, I might trade from time to time but generally I try to retain the same number of coins or even increase them. However, from my personal experience I know how important is constant interaction with the community, flawless and scandal free result and as much transparency as possible. Saying, yes, we work on something, it ll be done when it s done, s not a good way to go.

[whiteorg72]

Factom on Youtube
https://www.youtube.com/channel/UCZlpFmzDKrSmTObhSPuhdSw

Factom on Facebook
https://www.facebook.com/FactomProject

Factom on Linkedin
https://www.linkedin.com/company/factom

Factom on Crunchbase
https://www.crunchbase.com/organization/factom#/entity