[ANN] FACTOM - Introducing Honesty to Record-Keeping

[Fuyuki_Wataru]

Factom is a great project but the 11 companies or something, that currently use Factom barely generate any money... It's only hype this point onward.

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[Blazin8888]

As soon as there s no news here or Reddit, the price keeps tanking back. THIS COIN IS NOT ABOUT HYPE. Is it possible people do not see the potential in this??

Healthy corrections to shake the weak hands out.

Only the strongest supporters deserve to go where Factom will take them.

maybe next week  
right now facton is probably going to visit the daily trendline (480k~)

i've sold mine and unless they decide to launch m2 this week i'll not buy until 480k.

Reading the charts (not that TA on crypto is always right) it would settle at a low point of 0,0053, and continue the bullish pattern. Aside from TA on the usability basis of Factom and the deals closed, it could be viewed as undervalued. Waiting for deep dips can be profitable but from a risk reward perspective makes less sense in this period of time

FCT is where my money is at for the rest of 2016. M2 will be a great leap forward for the entire eco system. I firmly believe this tech is very badly needed in todays world.

My advice for people just joining the party...buy the dips ..hold strong. These small shake outs from 600k to 500k are nothing. I have been holding since .60 - .90 cents US.

[jahl]

Would be nice to have a nice easy to use wallet to store coins offline tho.

[Clement Kaliyar]

Whats the code for this code and i cant find this coin in yobit, what is the current price now and is it a good coin to hold in the long term. let me know about some good exchanges where we can get Factom

[xmrlove]

hmm fct this coin USA government invest in? dhs.gov/science-and-technology/news/2016/06/17/st-awards-199k-austin-based-factom-inc-iot-systems-security this is true info? - XMR is better coin im think more like BTC.
How many FCT is total supply? - each day / week  / month - how many FCT make per year and month?

This could have good implications all around but I have to look more.

[oneyesoneno]

Whats the code for this code and i cant find this coin in yobit, what is the current price now and is it a good coin to hold in the long term. let me know about some good exchanges where we can get Factom

FCT , u can buy on poloniex.com

[oneyesoneno]

hmm fct this coin USA government invest in? dhs.gov/science-and-technology/news/2016/06/17/st-awards-199k-austin-based-factom-inc-iot-systems-security this is true info? - XMR is better coin im think more like BTC.
How many FCT is total supply? - each day / week  / month - how many FCT make per year and month?

This could have good implications all around but I have to look more.

Right now FCT has 0% inflation. This coin will be a powerhouse soon... It will get the attention it deserves when the time is right. Milestone 2 is currently in the works. Milestone 2 will have a couple of major components.

First will be the deployment of a Entry Credit store, where users can buy Entry Credits (basically access to the protocol) without touching any sort of tradable token. FACTOM EC Store will be brilliant to drive mainstream adoption. Institutions will not have to deal with crypto to start using FACTOM. This will accelerate adoption IMO. The entry credit store will be BURNING FACTOIDS in the background and the end user will have no idea. They will just be buying their entry credits. Factom is 0% inflationary until M3. So once M2 comes out it should theoretically drive the demand of FACTOIDS up because more Entry Credits will be used.... The second will be the release of the consensus algorithm during M2, the software supporting distributed processing of the Factom protocol.  The price should start to reflect this on the way up to M3. The price will reflect how much the NETWORK is being USED

(@Milestone3)
This is why Factoids will have tons of value in the years to come...when the protocol has the target 32 federated servers, there will be major incentives to run a Factom server. Once the protocol is being run on the 32 federated servers (along with an additional 32 audit servers), then about 73,000 factoids will be created per year and paid to those servers. Forever.


Source:
https://bitcointalk4.com/altcoin-discussion/(fct)-factom-how-factoids-work-price-speculation/

[ardia]

Per month tho.

[D-Lux]

hmm fct this coin USA government invest in? dhs.gov/science-and-technology/news/2016/06/17/st-awards-199k-austin-based-factom-inc-iot-systems-security this is true info? - XMR is better coin im think more like BTC.
How many FCT is total supply? - each day / week  / month - how many FCT make per year and month?

This could have good implications all around but I have to look more.

Right now FCT has 0% inflation. This coin will be a powerhouse soon... It will get the attention it deserves when the time is right. Milestone 2 is currently in the works. Milestone 2 will have a couple of major components.

First will be the deployment of a Entry Credit store, where users can buy Entry Credits (basically access to the protocol) without touching any sort of tradable token. FACTOM EC Store will be brilliant to drive mainstream adoption. Institutions will not have to deal with crypto to start using FACTOM. This will accelerate adoption IMO. The entry credit store will be BURNING FACTOIDS in the background and the end user will have no idea. They will just be buying their entry credits. Factom is 0% inflationary until M3. So once M2 comes out it should theoretically drive the demand of FACTOIDS up because more Entry Credits will be used.... The second will be the release of the consensus algorithm during M2, the software supporting distributed processing of the Factom protocol.  The price should start to reflect this on the way up to M3. The price will reflect how much the NETWORK is being USED

(@Milestone3)
This is why Factoids will have tons of value in the years to come...when the protocol has the target 32 federated servers, there will be major incentives to run a Factom server. Once the protocol is being run on the 32 federated servers (along with an additional 32 audit servers), then about 73,000 factoids will be created per year and paid to those servers. Forever.


Source:
https://bitcointalk4.com/altcoin-discussion/(fct)-factom-how-factoids-work-price-speculation/

This is a great summary IMO—thank you. A couple small points: Technically Factom will have 0% inflation until M3, but because FCT are being burned beforehand, the supply is actually decreasing ... which implies a deflationary model.

Also as Ardia wrote, 73k FCT will be created per month with M3, so: 876k per year. Anyway, small points—looking forward to the next couple weeks aka Countdown to M2.

[crazyivan]

Wasn't there info somewhere 73k per month can moderated, depending on the EC demand?

[Blazin8888]

Im just glad I have the opportunity to scoop these up under 800k...just look at the chart. No brainer buys for me.

I will be holding for 6-12 months and see where this takes me.

[kamidela]

Hey there.. I see big progress on M2 on github, but i cant find any news when they expect to release M2. Any news about that? I just invested in to FCT on POLO soo im looking forward on good progress and support you, because you deserve it.

[Freckleg]

Hey there.. I see big progress on M2 on github, but i cant find any news when they expect to release M2. Any news about that? I just invested in to FCT on POLO soo im looking forward on good progress and support you, because you deserve it.

expected august/september

[LiveCoin]

Hello.
We're trying to setup FCT at our Exchange and experience some problems. We have sent test transactions at Poloniex and Bittrex and neither of them received these transactions. But transactions are in blockchain. Then we've tried to send FCT transaction from Bittrex to Poloniex and viceversa with no success too. So, we would like to ask FCT community for help. Could you perform the test and send FCT transaction from one Exchange to another, will it be credited to your account?

[tempus]

Hello.
We're trying to setup FCT at our Exchange and experience some problems. We have sent test transactions at Poloniex and Bittrex and neither of them received these transactions. But transactions are in blockchain. Then we've tried to send FCT transaction from Bittrex to Poloniex and viceversa with no success too. So, we would like to ask FCT community for help. Could you perform the test and send FCT transaction from one Exchange to another, will it be credited to your account?

I tried to send myself a tiny amount from Polo. Two times: "Complete: Error".

I have no clue what's going on but in best case it could even be a sign for M2. Maybe both exchanges have to implement new binaries or something like that before M2 will be released. But, just brainstorming what's going on here - could be wrong of course.

Factom-Status: http://factomstatus.com --> also no connection.

[LiveCoin]

Thanks for hypothesis. Is it possible to get an answer in this thread from official developers?

[Blazin8888]

Thanks for hypothesis. Is it possible to get an answer in this thread from official developers?

Prepare for M2 implementation and stand by for dev.

FCT is by FAR the most UNDERVALUED coin on Poloniex right now. It was shadowed by XMR but its time to shine is coming near.

[D-Lux]

Im just glad I have the opportunity to scoop these up under 800k...just look at the chart. No brainer buys for me.

I will be holding for 6-12 months and see where this takes me.

Yeah, I originally had a string of sell orders b/t .012 and .02, hoping to sell a peak and re-buy later, but I've pulled all those as I really have no idea where the post-M2 ceiling is.

[Mimir]

Hello.
We're trying to setup FCT at our Exchange and experience some problems. We have sent test transactions at Poloniex and Bittrex and neither of them received these transactions. But transactions are in blockchain. Then we've tried to send FCT transaction from Bittrex to Poloniex and viceversa with no success too. So, we would like to ask FCT community for help. Could you perform the test and send FCT transaction from one Exchange to another, will it be credited to your account?

I tried to send myself a tiny amount from Polo. Two times: "Complete: Error".

I have no clue what's going on but in best case it could even be a sign for M2. Maybe both exchanges have to implement new binaries or something like that before M2 will be released. But, just brainstorming what's going on here - could be wrong of course.

Factom-Status: http://factomstatus.com --> also no connection.

Put through a transaction from polo to my wallet over an hour ago, polo says confirmed with txid, nothing appearing in wallet or explorer.

Last factoid transaction on explorer nearly 7 hours ago, usually can find at least one per hour. What's going on?

M2 is coming along sometime yes, but would they pause all transactions without notice? I think there's an actual problem here.

Also, factomstatus.com needs you to be running factomd for it show anything. Everything seems to be running on the network, but factoid transactions are MIA

[tempus]

Hello.
We're trying to setup FCT at our Exchange and experience some problems. We have sent test transactions at Poloniex and Bittrex and neither of them received these transactions. But transactions are in blockchain. Then we've tried to send FCT transaction from Bittrex to Poloniex and viceversa with no success too. So, we would like to ask FCT community for help. Could you perform the test and send FCT transaction from one Exchange to another, will it be credited to your account?

I tried to send myself a tiny amount from Polo. Two times: "Complete: Error".

I have no clue what's going on but in best case it could even be a sign for M2. Maybe both exchanges have to implement new binaries or something like that before M2 will be released. But, just brainstorming what's going on here - could be wrong of course.

Factom-Status: http://factomstatus.com --> also no connection.

Put through a transaction from polo to my wallet over an hour ago, polo says confirmed with txid, nothing appearing in wallet or explorer.

Last factoid transaction on explorer nearly 7 hours ago, usually can find at least one per hour. What's going on?

M2 is coming along sometime yes, but would they pause all transactions without notice? I think there's an actual problem here.

Also, factomstatus.com needs you to be running factomd for it show anything. Everything seems to be running on the network, but factoid transactions are MIA

Yes. I agree. Now Poloniex is saying: "Temporarily Disabled". That it might be a sign for M2 was more out of the thought that if transactions would generally be working, but no withdrawals and deposits on exchanges, that they maybe already got new software from Factom to be prepared. But that was more loud thinking - or wishful thinking. ;-)