[ANN] FACTOM - Introducing Honesty to Record-Keeping

[D-Lux]

... let Factom announce when they are ready. Otherwise it creates and atmosphere of uncertainly which is undesirable given all the great things that Factom is doing.

There was already uncertainty with the publication of the email. I was attempting to clarify what actually happened. If I had done nothing, there would be no "uncertainty"—as the consensus was that the email was bogus. However that certainty would have been false. Sometime uncertainty is preferable to certitude. I can't convince you of anything, I can only say what I've done to resolve this issue—for myself—and let you make up your own mind. Though really ... all of this will be moot by this weekend, as either they will or will not release the public testnet by then.

Point well taken. It is what it is. Not going to lose sleep over it.

Thanks man, no hard feelings. As I said, I 100% understand the skepticism.

[crazyivan]

As I ve said, as long as M2 comes out this year, the only smart tactics is accumulating as much as possible.

Do not let trolls change your mind, you know my reasoning is correct. Besides Ether, Factom is the only coin with really strong tech solution behind it. So do not be stupid and board the train.

Ah, yes, DMD Diamond s my long term PoS affiliation, cannot forget that one.

[Azael]

Good Morning Guys

I am the original author of the reditt, i have offered D-Lux TeamViewer access to my pc to view the email in person to clear everything up. i would not benefit from FUD since i have so heavily invested in it. The email address is readily found on the github page if you know where to look. - i also sent D-lux the header info of the email clearly showing the email route/trace so the email was not "spoofed"

Soooo you are a newbie on bitcointalk and you have followed factom for a long time according to your email?

Soooo you gave someone you just met in the trollbox on Polo teamviewer remote access to your computer?

Soooo D-lux you remotely accessed using teamviewer someone you just met on Polo trollbox?

I think you guys may know why some of us are scepticle.... I think anyone would be if they read this dudes.

enough said...

Yes i am a newbie on the forum since signing upto these types of forums seem to be targets for hackers and this site had a data breach, user data is for sale on the dark web apparently. - ive been following this thread for many months now, and the blog on Factom.

I did not just meet in trollbox, i have been talking to 88 about fct for about two weeks when i see him on, just about how deep we both are into FCT and its potential.

i gave D-Lux Teamviwer access so clear things up since i trust him, i would not of given a random off reddit access but since yesterday i found out d-lux on reditt was him made sense. - i can see why this would be considered FUD and why people would be scepticle about it. but only time will tell, i thought i was doing everyone a favor with some news on M2.

Take it or leave it. D-Lux just finished seeing the email and original header info.  i would not benefit from FUD since i am so heavily invested in Factom......

I don't think giving teamviewer to someone you just met in trollbox is enough. Invite a stranger to your home and let him sit next to you while you show.

Like Craig Wright you keep coming back with some more "proof" instead of just calling Factom to exonerate you.

[daburone]

D-Lux, I still don't believe you. Can you please team viewer into his esophagus and scrape his tongue so that we can verify his DNA? We simply must get to the bottom of this. My entire holdings of Factom depends on whether the testnet is delayed a few more weeks.

[Freckleg]

Jeeez what is up with all the fudding trolls. Be careful not to get caught in the short squeeze on your way out

[crazyivan]

Jeeez what is up with all the fudding trolls. Be careful not to get caught in the short squeeze on your way out

Dumb people and weak hands always lose money. It has always been this way and it will always be like that. So dont waste energy on trolls.

[Josef27]

Jeeez what is up with all the fudding trolls. Be careful not to get caught in the short squeeze on your way out

Dumb people and weak hands always lose money. It has always been this way and it will always be like that. So dont waste energy on trolls.

https://www.reddit.com/r/factom/comments/556z5y/companies_mentioned_in_factom_chains/

Companies mentioned in Factom Chains self.factom
Submitted 3 hours ago by SanchezMira
After reading this post on Bitcointalk : https://bitcointalk.org/index.php?topic=850070.msg16407095#msg16407095 about the new DHS chain

I checked out all the factom chains on : http://explorer.factom.org/chains and it seems there are a couple of chains from companies/clients of factom I can't find any info on,

Nr 1 : http://explorer.factom.org/chain/71fca6c18414a584a18d3cb922af52d2553436008c2ce77b973b8806d5936bfc
http://explorer.factom.org/chain/acb2da5d74f3741c67031a9ef9b40d348dabe12227f701230f0e2baba78bb74d
Synapse payments ? https://synapsepay.com/

Nr 2. http://explorer.factom.org/chain/b93223e871623d77ce512b11fea9d12b60a26d6f8eae776dad74f69f0843ae94
Bitmedi > https://github.com/SummerTiger/bitmedi

Nr 3. http://explorer.factom.org/entry/ff9436551de215eeb1ed320765c8147d97dff481052ad030642a47a26a7cd0d5
BTL ? is this perhaps BTL.co ? http://btl.co/ ? They also attend Money20/20 https://www.money2020.com/ , Factom also does... ( don't want to speculate anything ) https://www.money2020.com/companies/factom

Nr 4. http://explorer.factom.org/chain/1b47a49921cba5ec9984912c648b5c1092a60628014728d02a839ce625c20a19?page=4
Prosoft Alliance LLC, not sure what this is ? Something with Land registry possibly : http://innola-solutions.com/

Does somebody have more info about these please ?

[–]JustBatman 2 points 2 hours ago
Maybe new partnerships? They said that they have a few exciting announcements to make in the near future...
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[–]Ph03n1xII 3 points 32 minutes ago*
I believe that they do a lot of testing with potential customers and after that can follow an official announcement. It was the case for DataYes for example. They started with Factom in April 2016 - can be seen here - usage statistics, and the official announcement followed on august 10th. The chances are very good that future partnerships already are in the pipeline.
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[–]JustBatman 2 points 11 minutes ago
Sounds about right. And the FCT price is on a nice decline, perfect to buy some before any announcements.
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[–]Ph03n1xII 2 points 5 minutes ago
It was the same with Intrinio. Tests started in February 2016 and the partnership-announcement followed in august. And yes, I agree. I believe that Factom always is a buy because of it's general potential. The price in short-term is pretty much unpredictable, but I would be surprised if we wouldn't look back in one year and say "wow, it was so cheap one year ago!" ;-)

[–]sir_wagnal 2 points an hour ago
Nice detective work!
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[BrianDeery]

The email in question did come from Paul.  There wasn't much difference between the email content and what we told the community a few weeks ago:

https://letstalkbitcoin.com/blog/post/the-crypto-show-with-the-factom-crew-paul-snow-den-and-brian-deery

[MyFarm]

The email in question did come from Paul.  There wasn't much difference between the email content and what we told the community a few weeks ago:

https://letstalkbitcoin.com/blog/post/the-crypto-show-with-the-factom-crew-paul-snow-den-and-brian-deery

The difference was you told the community instead of one person privately.

I'm not angry with you as I understand these are common mistakes made by startups.  But please reflect on this and learn from it.  Small startups can be forgiven but as you get larger, how Factom interacts with the public and investors is going to have to grow substantially more sophisticated.

This isn't something small.  If I was a VC invested in Factom, we'd be having a long conference call.  This is one of the issues I see with going through Bnktothefuture instead of normal funding routes.  Yes, I'm sure you'll enjoy the greater autonomy, but there is tremendous value in having highly seasoned advisors with a substantial stake.

[woodson]

This mistake should have been corrected after the Honduras incident.  Your CMO in question.  It is important to have open communication channels.  I wish you success however I have to lower my investment and classify you as less than professionally sound.

Prove me wrong.  I am pulling for you.

[GrossBit]

well I'm happy I'm out of all my FCT. bought earlier this year just before the completion of the bnktothefuture deal at 0.0025 avg.
was too greedy and didn't sell over 0.006, but sold 80% at 0.0052 and just yday the balance at 0.0047...(last trade 0.00405 !)

i didn't like the price action and there were ongoing rumours of whales/insiders selling heavily around 0.0052/0.0055, thats why i gave up...

and now i see those rumours....

The reasons i invested in FCT was that 5M funding enables to have a plan for the next 2 years, and be able to focus on clients. But so far, i have to say Factom has no real clients.

I have seen no announcement such like:

"Factom is happy to announce that Company X will be publishing hashes related to its (.....) and will submit Y amount of data per year for a value of Z USD (=ZZ EC)"

as long as there no such news, Factom will stay just speculation, and if they don't find a real client (with Z being a significant number) in the next 6 months, i think they will be done, as a new product / a new competitor will emerge... because on the tech side, i don't think its rocket science.

i own the series A so i hope it goes well, but i don't own any FCT anymore. The FCT profit was more than the amount invested in series A so now i can just hope they turn into a giant company....

but reading this forum makes me think i shouldn't count too much on it after all...

[MyFarm]

i didn't like the price action and there were ongoing rumours of whales/insiders selling heavily around 0.0052/0.0055, thats why i gave up...

It does raise the question of who else had this information before the rest of us?  I wish I would have PM'd Paul so I could have dumped before everyone else too.  I thought it was just people running stops but now I'm not so sure.

[MisfiringNeuron]

Who should I e-mail at Factom to get insider info about when the next partnership is going to be announced?  I'd like to get in on this selective information dissemination!!!

[crazyivan]

Thank you Paul&Brian for providing this info in a non transparent and selective way so a person or group of persons can take advantage of it and dump a lot of coins. That s how businesses are being run. Big time thank you.

[Josef27]

well I'm happy I'm out of all my FCT. bought earlier this year just before the completion of the bnktothefuture deal at 0.0025 avg.
was too greedy and didn't sell over 0.006, but sold 80% at 0.0052 and just yday the balance at 0.0047...(last trade 0.00405 !)

i didn't like the price action and there were ongoing rumours of whales/insiders selling heavily around 0.0052/0.0055, thats why i gave up...

and now i see those rumours....

The reasons i invested in FCT was that 5M funding enables to have a plan for the next 2 years, and be able to focus on clients. But so far, i have to say Factom has no real clients.

I have seen no announcement such like:

"Factom is happy to announce that Company X will be publishing hashes related to its (.....) and will submit Y amount of data per year for a value of Z USD (=ZZ EC)"

as long as there no such news, Factom will stay just speculation, and if they don't find a real client (with Z being a significant number) in the next 6 months, i think they will be done, as a new product / a new competitor will emerge... because on the tech side, i don't think its rocket science.

i own the series A so i hope it goes well, but i don't own any FCT anymore. The FCT profit was more than the amount invested in series A so now i can just hope they turn into a giant company....

but reading this forum makes me think i shouldn't count too much on it after all...

Nothing has fundamentally changed with the company from a week ago except fear, this sell-off is way over done. I'm not sure what rumours you're referring to ? This whale has been dumping and pumping 100+ BTC way before the 52/55 run up. I agree that a public announcement should have been made. Brian said Paul announced this info in the last public interview ?  I need something more substantial to give in here. All these negative comments timed with a dump seems a little too contrived.  I'm greedy when others are fearful!  Watch for the rebound to 47 +

[Embat]

Let's the price drop. Ideal for hungry lions. No fear guys I think factom delay is not because "has no clients" it is just the opposite. If you see entry data you will estimate the sitauation well. The results are more than expected I think. Good luck all. And use this gift in Poloniex well

[Yashar Ghaffarloo]

Interesting price action. Keeping an eye on this. Recovered very quickly from the dump, but some small 200+ BTC buy walls were very temporarily put up and removed after the dump.

[nowhere man]

Also just sold - the 500btc dumps always seemed a bit fishy. Feels more like I'm investing in Nautilus or something. Grossbit is right though. What I would have liked to have seen, is a costed announcement of partnerships that explains how many entry credits they anticipate each partner will use. Might make it a little bit easier for potential investors to estimate the future price of factom. At the moment, only the Factom team can have a reasonable guess at that.

[sluppy]

Let's the price drop. Ideal for hungry lions. No fear guys I think factom delay is not because "has no clients" it is just the opposite. If you see entry data you will estimate the sitauation well. The results are more than expected I think. Good luck all. And use this gift in Poloniex well

Yup picking up some cheap Factom:)

[Azael]

The email in question did come from Paul.  There wasn't much difference between the email content and what we told the community a few weeks ago:

https://letstalkbitcoin.com/blog/post/the-crypto-show-with-the-factom-crew-paul-snow-den-and-brian-deery

I was wrong about the mail. Where in that 1 hour and 30 min podcast is the importance? Anybody with time can come up with a transcript and post here anyway if it is close to what was said in the mail then I have no issue with the ordeal anymore.