[ANN] FACTOM - Introducing Honesty to Record-Keeping

[astmandu]

3.5 BTC bot just switched to the buy side ... things get interesting.  

Nahh... That bot operates on both sides of the market. Sometimes I play around with it when I'm bored - force it to outbid me, then pull my bids once there's sufficient money to maintain the trigger. I have no idea whether the bot is profitable as it doesn't seem to have much intelligence, it simply maintains margins and gradually ladders up the order book.

Watched the order book for a bit tonight and that damned bot is annoying as hell. Who the heck plays with that stuff?  Wonder if there is any profit made from those in crypto?

Whenever I've used a similar program in Forex trading, an expert advisor, they always lose.

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[Mimir]

https://herox.com/PatientIDChallenge

Shame the Factom team didn't get in on this, $1m prize.
They've virtually got the entire framework required by the challenge already in place, just needs to be adapted for the purpose.
Had I seen it earlier would have entered myself and used the protocol.

In an environmental scan in 2014, the Office of the National Coordinator for Health Information Technology found that the best error rate is around 7%.  Seven out of 100 records are mismatched.  Perhaps the John A. Smith record found was not the right one.  This is pretty serious when you consider that the provider may unknowingly prescribe a medication that interacts poorly with a medication John is already on or cause him harm due to a condition he has.  Many patients cannot tell you accurately themselves what their prescriptions are or name all of their conditions.

Worse still, the error rate is usually closer to 10 to 20 percent within a healthcare entity and it rises to 50 to 60 percent when entities exchange with each other. That’s just not good enough.  It’s not safe.  We need patients to be identified accurately 100 percent of the time.

[D-Lux]

GrossBit lovers can show him support by up voting his posts >> https://www.reddit.com/user/GrossBit 

GrossBit amuck on Reddit again. Voting link above ...

[siaubas]

GrossBit lovers can show him support by up voting his posts >> https://www.reddit.com/user/GrossBit 

GrossBit amuck on Reddit again. Voting link above ...

I don't particularly like his attitude, but I don't think your "discussion" could get any lower: "go downvote a poster I don't like on another website."
It's a shame, I'd say this is worse than his FUD posts...

[D-Lux]

GrossBit lovers can show him support by up voting his posts >> https://www.reddit.com/user/GrossBit  

GrossBit amuck on Reddit again. Voting link above ...

I don't particularly like his attitude, but I don't think your "discussion" could get any lower: "go downvote a poster I don't like on another website."
It's a shame, I'd say this is worse than his FUD posts...

His posts constantly derail discussion and cause misinformation to be spread among people looking to actually learn something about Factom. It's not about "not liking him." But you're right, probably shouldn't have voiced my frustration in that way ...

[siaubas]

GrossBit lovers can show him support by up voting his posts >> https://www.reddit.com/user/GrossBit  

GrossBit amuck on Reddit again. Voting link above ...

I don't particularly like his attitude, but I don't think your "discussion" could get any lower: "go downvote a poster I don't like on another website."
It's a shame, I'd say this is worse than his FUD posts...

His posts constantly derail discussion and cause misinformation to be spread among people looking to actually learn something about Factom. It's not about "not liking him." But you're right, probably shouldn't have voiced my frustration in that way ...

So your counterargument is to stoop below his level?
1. There is an ignore button.
2. I thought you hated a straw man/non sequitur arguments that you are employing yourself right now.
3. I don't know if this board is moderated at all, but such posts deserve immediate deletion. You are asking people to downvote his posts someplace else. Kindergarten.

[D-Lux]

GrossBit lovers can show him support by up voting his posts >> https://www.reddit.com/user/GrossBit  

GrossBit amuck on Reddit again. Voting link above ...

I don't particularly like his attitude, but I don't think your "discussion" could get any lower: "go downvote a poster I don't like on another website."
It's a shame, I'd say this is worse than his FUD posts...

His posts constantly derail discussion and cause misinformation to be spread among people looking to actually learn something about Factom. It's not about "not liking him." But you're right, probably shouldn't have voiced my frustration in that way ...

So your counterargument is to stoop below his level?
1. There is an ignore button.
2. I thought you hated a straw man argument that you are employing yourself right now.
3. I don't know if this board is moderated at all, but such posts deserve immediate deletion. You are asking people to downvote his posts someplace else. How old are you? 5?

I'd probably feel worse if every one of your comments on this post, except 1, weren't lashing out at someone ... Anyone who's read this thread knows how far counterarguments with him get. But as I said, I probably shouldn't have voiced my frustration by pointing to another user's post. I'm not going to have a draw-out discussion with you about this, much as I'm starting to think you'd like that ...

Also, you don't understand what a "straw man" is.

[siaubas]

GrossBit lovers can show him support by up voting his posts >> https://www.reddit.com/user/GrossBit  

GrossBit amuck on Reddit again. Voting link above ...

I don't particularly like his attitude, but I don't think your "discussion" could get any lower: "go downvote a poster I don't like on another website."
It's a shame, I'd say this is worse than his FUD posts...

His posts constantly derail discussion and cause misinformation to be spread among people looking to actually learn something about Factom. It's not about "not liking him." But you're right, probably shouldn't have voiced my frustration in that way ...

So your counterargument is to stoop below his level?
1. There is an ignore button.
2. I thought you hated a straw man argument that you are employing yourself right now.
3. I don't know if this board is moderated at all, but such posts deserve immediate deletion. You are asking people to downvote his posts someplace else. How old are you? 5?

I'd probably feel worse if every one of your comments on this post, except 1, weren't lashing out at someone ... Anyone who's read this thread knows how far counterarguments with him get. But as I said, I probably shouldn't have voiced my frustration by pointing to another user's post. I'm not going to have a draw-out discussion with you about this, much as I'm starting to think you'd like that ...

Also, you don't understand what a "straw man" is.

The last thing I want is flame wars. Hence my posts.
One thing is seeing a basher/troll/shorter fighting a few fanboys with arguments, however absurd. Another is seeing all of you enticing personal attacks and spillover to other sources of information. And this is supposedly the best news source for all the new people coming to Factom? Please keep calm and civilized, however annoying sometimes it may be.

[Fuyuki_Wataru]

Chairman of the board - David Johnston. This mofo just stole my Bitcoins with his API-coin project (see: http://www.buyxap.com/ and https://bitcointalk.org/index.php?topic=650221.0). He never accounted for any of the funds that he collected. Never developed anything, never gave any updates. Just traveled around the world acting as if he's the big crypto-pioneer. He just stole those BTC's from his investors. Wish cointelegraph or coindesk would dig into that story.

This guy is just a con artist.

This is concerning. Could you please elaborate more? Via PM is also possible.

[twistelaar]

is there a secure factom wallet? where can I found this? Thanks!

[Mimir]

is there a secure factom wallet? where can I found this? Thanks!

walletapp is perfectly secure, but runs through a browser and isn't the nicest looking thing, this is widely acknowledged, even by the Factom team
https://github.com/FactomProject/distribution


there's also a paper wallet for storage, factoidpapermill, again on github:
https://github.com/FactomProject/factoidpapermill/tree/master/bin

Secure the private key on paper or a usb somewhere and that's it

[twistelaar]

is there a secure factom wallet? where can I found this? Thanks!

walletapp is perfectly secure, but runs through a browser and isn't the nicest looking thing, this is widely acknowledged, even by the Factom team
https://github.com/FactomProject/distribution


there's also a paper wallet for storage, factoidpapermill, again on github:
https://github.com/FactomProject/factoidpapermill/tree/master/bin

Secure the private key on paper or a usb somewhere and that's it

thanks! do you perhaps know if they plan to release an normal and userfriendly wallet?

[rakesh1_90]

is there a secure factom wallet? where can I found this? Thanks!

walletapp is perfectly secure, but runs through a browser and isn't the nicest looking thing, this is widely acknowledged, even by the Factom team
https://github.com/FactomProject/distribution


there's also a paper wallet for storage, factoidpapermill, again on github:
https://github.com/FactomProject/factoidpapermill/tree/master/bin

Secure the private key on paper or a usb somewhere and that's it

thanks! do you perhaps know if they plan to release an normal and userfriendly wallet?

Yes, very soon. Exodus [wallet] will be having FCT integrated.

[twistelaar]

is there a secure factom wallet? where can I found this? Thanks!

walletapp is perfectly secure, but runs through a browser and isn't the nicest looking thing, this is widely acknowledged, even by the Factom team
https://github.com/FactomProject/distribution


there's also a paper wallet for storage, factoidpapermill, again on github:
https://github.com/FactomProject/factoidpapermill/tree/master/bin

Secure the private key on paper or a usb somewhere and that's it

thanks! do you perhaps know if they plan to release an normal and userfriendly wallet?

Yes, very soon. Exodus [wallet] will be having FCT integrated.

Nice Thanks Rakesh!

[Mimir]

This is concerning. Could you please elaborate more? Via PM is also possible.

I'm intrigued also, is there any more to be said?
Saying someone just ran off with your coins is a serious allegation, trying to look around for details but can't find much

There's a massive difference between a coin failing and a scam. Technology startups aren't some guaranteed road to riches while you sit back and drink martinis.
Can't see Johnston on their website though he's related to it somehow.

https://letstalkbitcoin.com/blog/post/mastercoins-api-network-launches-to-lackluster-crowd-sale

The crowdsale address shows they raised ~60BTC:

https://blockchain.info/address/12Stz3hoF1sY9J12GyMhsAGBa16vWrmufG

[Mimir]

Yes, very soon. Exodus [wallet] will be having FCT integrated.

Exodus seems like an excellent wallet to me, should Factom even spend the resources on building their own?
A nice gui wallet is basically the main request here, and I feel that the lack of one immediately scares a lot of people away

Exodus know their stuff, they aren't half assing around with their product. So if someone else can do it better for you, why not just let them and direct your energy elsewhere?

[tempus]

This is concerning. Could you please elaborate more? Via PM is also possible.

I'm intrigued also, is there any more to be said?
Saying someone just ran off with your coins is a serious allegation, trying to look around for details but can't find much

There's a massive difference between a coin failing and a scam. Technology startups aren't some guaranteed road to riches while you sit back and drink martinis.
Can't see Johnston on their website though he's related to it somehow.

https://letstalkbitcoin.com/blog/post/mastercoins-api-network-launches-to-lackluster-crowd-sale

The crowdsale address shows they raised ~60BTC:

https://blockchain.info/address/12Stz3hoF1sY9J12GyMhsAGBa16vWrmufG

It's the typical Crypto-blame-game. Who is new to crypto can't be trusted because he is new. Who was involved in other projects that didn't work out perfectly is a "scammer". And David Johnston didn't do anything else than promo for some other projects as far as I know. He is no Dev. To call him a scammer would be the same to say Poloniex is a scam exchange because they've listed projects that failed.

[Mimir]

And David Johnston didn't do anything else than promo for some other projects as far as I know. He is no Dev. To call him a scammer would be the same to say Poloniex is a scam exchange because they've listed projects that failed.

Basically what I was getting at. I know little about his history but from 5 mins on google seems to have been an organiser for a whole bunch of coins related to Mastercoin at that time.

I get this vibe of petty retribution because someone lost money on a failed project.

[tempus]

And David Johnston didn't do anything else than promo for some other projects as far as I know. He is no Dev. To call him a scammer would be the same to say Poloniex is a scam exchange because they've listed projects that failed.

Basically what I was getting at. I know little about his history but from 5 mins on google seems to have been an organiser for a whole bunch of coins related to Mastercoin at that time.

I get this vibe of petty retribution because someone lost money on a failed project.

Yes. He worked for mastercoin and that was no scam. It's omni now. But of course there also were projects that failed. I'm not too informed about all that because I never cared about mastercoin.

But it's often that some people mix up intentionally fraud (scam) and fail - and failed projects are usual in a new market. This market is in best case about innovations, about trying things out, about trial and error. And we, as Investors need to know that to act self-responsible. There is never a guarantee for anything. Who wants to be safe shouldn't invest - but maybe also not keep his money in the traditional system which could (I would say: should) be considered as intentionally fraud. ;-)

Btw: I don't know of any good project without scam-accusations. In Factom it's rare in comparison.

[Mimir]

Wise words, not just applicable to crypto either.
Factom is too boring for the perma-trolls thankfully.