[ANN] FACTOM - Introducing Honesty to Record-Keeping

[customer73]

Factom & Exodus wallet partnership
One wallet for factoid? Is good!

[MyFarm]

Factom & Exodus wallet partnership
One wallet for factoid? Is good!

YES!

[crazyivan]

Factom & Exodus wallet partnership
One wallet for factoid? Is good!

Finally user friendly wallet. What kind of security this offers?

BTW, where did u find this. It s not on exodus.io web yet.

[D-Lux]

BTW, where did u find this. It s not on exodus.io web yet.

Not sure where the image is from ... the only mention of Factom on Exodus's website is:

"We are visiting the Factom offices today in Austin, TX. Insert rumor speculation here."

https://www.exodus.io/releases/

[UgOs]

Factom & Exodus wallet partnership
One wallet for factoid? Is good!

http://i65.tinypic.com/2jfgjrq.jpg

Finally user friendly wallet. What kind of security this offers?

BTW, where did u find this. It s not on exodus.io web yet.

I can't find any info on this...

[tempus]

BTW, where did u find this. It s not on exodus.io web yet.

Not sure where the image is from ... the only mention of Factom on Exodus's website is:

"We are visiting the Factom offices today in Austin, TX. Insert rumor speculation here."

https://www.exodus.io/releases/

David Johnston said in the interview that there will be a really beautiful and user-friendly wallet. But if I understood it right, it's about a third party who builds it while the Factom-team is working on M2. And both should come out at the same time.

I have to watch the interview again. I was so damn tired that I'm not sure about anything I've heard there. ;-)

[UgOs]

BTW, where did u find this. It s not on exodus.io web yet.

Not sure where the image is from ... the only mention of Factom on Exodus's website is:

"We are visiting the Factom offices today in Austin, TX. Insert rumor speculation here."

https://www.exodus.io/releases/

David Johnston said in the interview that there will be a really beautiful and user-friendly wallet. But if I understood it right, it's about a third party who builds it while the Factom-team is working on M2. And both should come out at the same time.

I have to watch the interview again. I was so damn tired that I'm not sure about anything I've heard there. ;-)

He said wallet is not a priority because business won't need one they will get credits through factom. Investors are not the priority but the business are which makes sense. It would not be efficient if businesses would have to store coins in a wallet and then get credits.

[D-Lux]

BTW, where did u find this. It s not on exodus.io web yet.

Not sure where the image is from ... the only mention of Factom on Exodus's website is:

"We are visiting the Factom offices today in Austin, TX. Insert rumor speculation here."

https://www.exodus.io/releases/

David Johnston said in the interview that there will be a really beautiful and user-friendly wallet. But if I understood it right, it's about a third party who builds it while the Factom-team is working on M2. And both should come out at the same time.

I have to watch the interview again. I was so damn tired that I'm not sure about anything I've heard there. ;-)

Yep, that's right. Johnston discusses it at 34:00:

https://www.youtube.com/watch?v=kUmYI7A5Pzg&t=34m0s

[tempus]

BTW, where did u find this. It s not on exodus.io web yet.

Not sure where the image is from ... the only mention of Factom on Exodus's website is:

"We are visiting the Factom offices today in Austin, TX. Insert rumor speculation here."

https://www.exodus.io/releases/

David Johnston said in the interview that there will be a really beautiful and user-friendly wallet. But if I understood it right, it's about a third party who builds it while the Factom-team is working on M2. And both should come out at the same time.

I have to watch the interview again. I was so damn tired that I'm not sure about anything I've heard there. ;-)

Yep, that's right. Johnston discusses it at 34:00:

https://www.youtube.com/watch?v=kUmYI7A5Pzg&t=34m0s

Exactly that's what I meant!


Quote: "I can say that is coming, in a wonderful beautiful interface (...)"

[crazyivan]

BTW, where did u find this. It s not on exodus.io web yet.

Not sure where the image is from ... the only mention of Factom on Exodus's website is:

"We are visiting the Factom offices today in Austin, TX. Insert rumor speculation here."

https://www.exodus.io/releases/

David Johnston said in the interview that there will be a really beautiful and user-friendly wallet. But if I understood it right, it's about a third party who builds it while the Factom-team is working on M2. And both should come out at the same time.

I have to watch the interview again. I was so damn tired that I'm not sure about anything I've heard there. ;-)

Yep, that's right. Johnston discusses it at 34:00:

https://www.youtube.com/watch?v=kUmYI7A5Pzg&t=34m0s

Exactly that's what I meant!


Quote: "I can say that is coming, in a wonderful beautiful interface (...)"

That s good enough for me. It s going to be an exciting end of the year.

[willowfoot]

BTW, where did u find this. It s not on exodus.io web yet.

Not sure where the image is from ... the only mention of Factom on Exodus's website is:

"We are visiting the Factom offices today in Austin, TX. Insert rumor speculation here."

https://www.exodus.io/releases/

Good find.  Beautiful wallet. 

Hope whatever 3rd party wallet they use, it gets thoroughly vetted and is open source...

[nowhere man]

Ok its time for some maths - I know a few posters have tried to figure this out but here is my stab. Feel free to point out any mistakes or inaccuracies, lets be constructive and suss this out. EC's will always be one tenth of a cent I believe. So at the current market rate of 2.80 dollars you'll have 2800 EC's per factoid. Now, I believe we started with 8-9 million (lets say 8.5) but obviously its the inflation rate that begins after M3 thats all important, and if I'm right thats set to be 73,000 factoids per months or roughly 880000 per year according to Brian. Now just to keep the number of factoids stable, we would need to use 880000x2800=2.5 billion entry credits per year, or almost 7 million per day. I think its reasonable to say that if you're using more than this, the price has to increase in order to get more entry credits from your factoids. If you use less, then the price must fall.

Now obviously its very early days and speculation is rife, but MalReynolds was estimating a quarter of a million EC's per day. For just that one company. Its plausible but by no means guaranteed that we could have forty companies doing a similar thing, in which case we would have a higher price. Of course its also plausible that some other companies (and there are a few although none are quite as far ahead as factom) will find cheaper ways of anchoring proof of existence into daddy bitcoin's distributed unhackable truth machine.

Thoughts?

[tempus]

Ok its time for some maths - I know a few posters have tried to figure this out but here is my stab. Feel free to point out any mistakes or inaccuracies, lets be constructive and suss this out. EC's will always be one tenth of a cent I believe. So at the current market rate of 2.80 dollars you'll have 2800 EC's per factoid. Now, I believe we started with 8-9 million (lets say 8.5) but obviously its the inflation rate that begins after M3 thats all important, and if I'm right thats set to be 73,000 factoids per months or roughly 880000 per year according to Brian. Now just to keep the number of factoids stable, we would need to use 880000x2800=2.5 billion entry credits per year, or almost 7 million per day. I think its reasonable to say that if you're using more than this, the price has to increase in order to get more entry credits from your factoids. If you use less, then the price must fall.

Now obviously its very early days and speculation is rife, but MalReynolds was estimating a quarter of a million EC's per day. For just that one company. Its plausible but by no means guaranteed that we could have forty companies doing a similar thing, in which case we would have a higher price. Of course its also plausible that some other companies (and there are a few although none are quite as far ahead as factom) will find cheaper ways of anchoring proof of existence into daddy bitcoin's distributed unhackable truth machine.

Thoughts?

Basically I agree. Just one thing: After M3 the price of EC will be chosen/fixed by the federated server if I understand it right. So it won't most likely be 1/10 cent. But it's good, because they have incentive (paid with Factoids) to adjust it in a way to hit the perfect relation between high usage and price.

Regarding potential demand of companies: Tiana Laurence and also David Johnston talked, more between the lines, about potential customers who ask if Factom could handle billions of entries per day. I don't believe we will see that in the next few months but if I should make a bet if it will be about that high numbers somewhere in the future, I would say yes.

What I expect, and I've said it before:

Increasing number of Customers
Increasing demand per customer

And I believe we will see an explosion of EC-demand. And if I'm right,  they (federated servers) could set the price for 1 EC to 1/100 of a cent and the Factoid-price still would have to shoot up.

[tempus]

Seems safe with the Exodus-Wallet for Factom:

[D-Lux]

Seems safe with the Exodus-Wallet for Factom:

Nice find! So it looks like the wallet will be the cherry on top of the M2 cake. That's one of the interesting things about Factom ... except for M2 and M3, their pipeline of releases + announcements is almost invisible. The price of so many other cryptos is based more-or-less exclusively on anticipation of future events, and while that's somewhat the case with Factom (M2 + M3), there's the second factor of partnerships, a wallet, contracts, etc., that are in the pipeline for Factom but "invisible" due to NDAs. So with FCT, you're walking around the corner and suddenly: new wallet! Or: new partnership! / contract! A lot of other cryptos would be hyping such news half a year or a year in advance, but FCT keeps you on your toes ...

It makes me wonder what we would see if we could look into Factom Inc's invisible pipeline. The only thing certain is that David Johnston + Paul Snow + Brian Deery light up when talking about things that are in the works, but which they can't publicly reveal. I couldn't find the spot but I recall Johnston beaming when talking ... around ... what the future holds for their relationship with the DHA, for example. Interesting times ahead ... 

[tempus]

Seems safe with the Exodus-Wallet for Factom:

Nice find! So it looks like the wallet will be the cherry on top of the M2 cake. That's one of the interesting things about Factom ... except for M2 and M3, their pipeline of releases + announcements is almost invisible. The price of so many other cryptos is based more-or-less exclusively on anticipation of future events, and while that's somewhat the case with Factom (M2 + M3), there's the second factor of partnerships, a wallet, contracts, etc., that are in the pipeline for Factom but "invisible" due to NDAs. So with FCT, you're walking around the corner and suddenly: new wallet! Or: new partnership! / contract! A lot of other cryptos would be hyping such news half a year or a year in advance, but FCT keeps you on your toes ...

It makes me wonder what we would see if we could look into Factom Inc's invisible pipeline. The only thing certain is that David Johnston + Paul Snow + Brian Deery light up when talking about things that are in the works, but which they can't publicly reveal. I couldn't find the spot but I recall Johnston beaming when talking ... around ... what the future holds for their relationship with the DHA, for example. Interesting times ahead ... 

Absolutely agree! And that is something I personally focus on very much: How they speak about Factom. And it's obvious that there is a lot of what they can't speak about yet but they seem excited themselves about the progress. And since they're real professionals who already delivered a lot of proof for that and Factom's general potential in the business-world, I have no doubt that the next months and years won't be boring.

 

[crazyivan]

What is the number of Factoids being reduced per day? Under 10? Under 5?

[customer73]

Factom & Exodus wallet partnership
One wallet for factoid? Is good!

Finally user friendly wallet. What kind of security this offers?

BTW, where did u find this. It s not on exodus.io web yet.

I can't find any info on this...

Confidential information for investments (exodus) 

[MyFarm]

Anyone know if Exodus is Trezor compatible?

[customer73]

Anyone know if Exodus is Trezor compatible?

It is working on compatibility with wallets hardware in your roadmap.