[ANN] FACTOM - Introducing Honesty to Record-Keeping

[daburone]

Just because some of the sexy coins of the past few months have gone down, there is no altcoin "bear market" e.g.

Potcoin went from being worthless to being a "thing"

Ethereum is rising and will continue to once as HF goes through

Maidsafe has found a higher base after their funding campaign

Ripple is holding fairly strong despite a huge amount of premine/selling pressure

Gulden has gone parabolic, it's up like 10x in a couple of weeks

The altcoin market is alive and well, with all its craziness, good and bad.

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[Mrboot]

Just because some of the sexy coins of the past few months have gone down, there is no altcoin "bear market" e.g.

Potcoin went from being worthless to being a "thing"

Ethereum is rising and will continue to once as HF goes through

Maidsafe has found a higher base after their funding campaign

Ripple is holding fairly strong despite a huge amount of premine/selling pressure

Gulden has gone parabolic, it's up like 10x in a couple of weeks

The altcoin market is alive and well, with all its craziness, good and bad.

Nice list, only maidsafe was higher before the funding campaign i think many sold on the campaign to buy equity.
But indeed higher lows

[Cryptorials]

Just because some of the sexy coins of the past few months have gone down, there is no altcoin "bear market" e.g.

Potcoin went from being worthless to being a "thing"

Ethereum is rising and will continue to once as HF goes through

Maidsafe has found a higher base after their funding campaign

Ripple is holding fairly strong despite a huge amount of premine/selling pressure

Gulden has gone parabolic, it's up like 10x in a couple of weeks

The altcoin market is alive and well, with all its craziness, good and bad.

There's always going to be surges based on news or pumps, but I think longer term holds with no major news are being suppressed because it looks better right now to stay in Bitcoin to many people.

[daburone]

Just because some of the sexy coins of the past few months have gone down, there is no altcoin "bear market" e.g.

Potcoin went from being worthless to being a "thing"

Ethereum is rising and will continue to once as HF goes through

Maidsafe has found a higher base after their funding campaign

Ripple is holding fairly strong despite a huge amount of premine/selling pressure

Gulden has gone parabolic, it's up like 10x in a couple of weeks

The altcoin market is alive and well, with all its craziness, good and bad.

There's always going to be surges based on news or pumps, but I think longer term holds with no major news are being suppressed because it looks better right now to stay in Bitcoin to many people.

I agree, there's a general "stay in BTC sentiment" at the moment. But this sphere is so fickle. BTC stays flat, everyone gets bored again and starts hunting for the next 20%. And so it goes!

[crazyivan]

The difference is that most of these other coins are based on expected news or potential future development. With Factom, there s an actual company, an actual technology and an actual problem to be solved with the usage of EC and consequently Factoids. Big, big, HUGE, difference. This is why I do not sell. Cause if these guys deliver, they will deliver big time and their success is conditional only on the Factom team.

[D-Lux]

Tiana Laurence in interview published 10/15: "We will be announcing a new product next week with a fuller description."

http://www.superbcrew.com/blockchain-startup-factom-raises-4-2-million-series-a-funding-led-by-draper-associates/

[Mrboot]

Tiana Laurence in interview published 10/15: "We will be announcing a new product next week with a fuller description."

http://www.superbcrew.com/blockchain-startup-factom-raises-4-2-million-series-a-funding-led-by-draper-associates/

Probably nothing, no date given etc. and on the other hand they promised M2 start q1 2016
Now we dont even know if they will make 2016.

[tempus]

Tiana Laurence in interview published 10/15: "We will be announcing a new product next week with a fuller description."

http://www.superbcrew.com/blockchain-startup-factom-raises-4-2-million-series-a-funding-led-by-draper-associates/

Nice, so "next week" should be "this week".

[Cryptorials]

Just because some of the sexy coins of the past few months have gone down, there is no altcoin "bear market" e.g.

Potcoin went from being worthless to being a "thing"

Ethereum is rising and will continue to once as HF goes through

Maidsafe has found a higher base after their funding campaign

Ripple is holding fairly strong despite a huge amount of premine/selling pressure

Gulden has gone parabolic, it's up like 10x in a couple of weeks

The altcoin market is alive and well, with all its craziness, good and bad.

There's always going to be surges based on news or pumps, but I think longer term holds with no major news are being suppressed because it looks better right now to stay in Bitcoin to many people.

I agree, there's a general "stay in BTC sentiment" at the moment. But this sphere is so fickle. BTC stays flat, everyone gets bored again and starts hunting for the next 20%. And so it goes!

Absolutely agree with you, that will happen at some point - the trick to making lots of money is guessing when, and it really is just a guess most of the time I think.

[astmandu]

Tiana Laurence in interview published 10/15: "We will be announcing a new product next week with a fuller description."

http://www.superbcrew.com/blockchain-startup-factom-raises-4-2-million-series-a-funding-led-by-draper-associates/

Nice, so "next week" should be "this week".

I would agree that it should be this week. The interview was likely before the 14th because she states they will be bringing on more talent, then they announced the 3 mortgage people on the 14th. That puts it here at this week.

[crazyivan]

Any idea what this might be? It does not sound like M2, too small announcement for something like that. I do still believe we ll have M2 some time THIS year. This might be something else related to mortgages or that Chinese smart cities initiative.

Anyway, we re at the mid of this week, let s wait and see.

[tempus]

Any idea what this might be? It does not sound like M2, too small announcement for something like that. I do still believe we ll have M2 some time THIS year. This might be something else related to mortgages or that Chinese smart cities initiative.

Anyway, we re at the mid of this week, let s wait and see.

I believe it will be software for customers like this: https://www.factom.com/products

But maybe more interesting because it could show what they have in the pipeline. I doubt that they develop software without having customers in line. I would really like to see more with a focus on the mortgage-industry.

If they should say "We figured that M2 is already perfect and we won't need a public-testnet, here it is!"

...would be also fine.   ....but hard to believe.

[Mrboot]

Any idea what this might be? It does not sound like M2, too small announcement for something like that. I do still believe we ll have M2 some time THIS year. This might be something else related to mortgages or that Chinese smart cities initiative.

Anyway, we re at the mid of this week, let s wait and see.

I believe it will be software for customers like this: https://www.factom.com/products

But maybe more interesting because it could show what they have in the pipeline. I doubt that they develop software without having customers in line. I would really like to see more with a focus on the mortgage-industry.

If they should say "We figured that M2 is already perfect and we won't need a public-testnet, here it is!"

...would be also fine.   ....but hard to believe.

I would pref. something for IoT devices cause they are going to conquer the world everywere can you imagine 50 bn Iot devices starting to use factom more and more. The amount of entry coins that will follow

[Mrboot]

this is what l think about fct near future 0.01 sats early 2017

Yeah, right, FCT ll reach $10 by Q1 2017. You know how many coins and how many optimistic guesses of this kind I ve seen so far? Dozens.
You know how many of those actually came through? Only one.
ETH.

Just found your chart i think drawing a trendline on the start of the exchange is wrong, no idication how much was sold there take Lisk for example has 422 btc/ 1 lisk line but that was 0.0001 btc value traded

[Mrboot]

I have two question to the Team about Factom.

1) Is factom limited to entry's now and in m2 compared to servers or there is no limitations ? now they have private servers and
inside m2 8 public servers right ?

2) If Factom is going to write on diffrent chains aswell will this be added or Company can have a choice to pick chains
And will they need more entry coins if you use btc and eth chain for example?

Edit*
3) one more question , before the launch of M2 David Johnston was talking about a Public testnet on the github i find this on github at m2

Testing M2

The test team is working on the master branch, while the developers are working on the m2 branch. But because of shared repositories (some of which have some m2 changes), moving between milestone 1 code, m2s, and m2 is a bit complicated. The all.sh script is your friend. Follow these steps to get M2 setup and running for test:


Is this the public testnet or will it still be released ?

Cause now my coins are still on an exchange and i would love to withdraw them to exodus wallet but they only integrate factom on M2.

Kind Regards,

[GrossBit]

FOMO'ing a bit in FCT.
nowhere as much as i had before

Yes i missed the last dip below 0.0037 but i managed to catch 2 bounces, so...

No strong conviction the correction is over, still think the weekly bearish divergence is into play and see much lower prices,
but hey, i might be wrong, and in the long run i think FCT is cheap enough to put some chips in, after all, i got everything out over 0.005... so just taking a bit of that.
the latest fast daily declining trendline seems to be broken so a re-test of 0.0047 (pre-flash crash level) seems now possible to me, especially BTC is taking a breather

ready to change my mind any time.

[Mrboot]

FOMO'ing a bit in FCT.
nowhere as much as i had before

Yes i missed the last dip below 0.0037 but i managed to catch 2 bounces, so...

No strong conviction the correction is over, still think the weekly bearish divergence is into play and see much lower prices,
but hey, i might be wrong, and in the long run i think FCT is cheap enough to put some chips in, after all, i got everything out over 0.005... so just taking a bit of that.
the latest fast daily declining trendline seems to be broken so a re-test of 0.0047 (pre-flash crash level) seems now possible to me, especially BTC is taking a breather

ready to change my mind any time.

I will never see it go below 300k sat so i opened a really small margin trade, if it gets below 300k i can buy in really big.
Might see a pullback to 350 levels but thats it if you ask me.

[GrossBit]

FOMO'ing a bit in FCT.
nowhere as much as i had before

Yes i missed the last dip below 0.0037 but i managed to catch 2 bounces, so...

No strong conviction the correction is over, still think the weekly bearish divergence is into play and see much lower prices,
but hey, i might be wrong, and in the long run i think FCT is cheap enough to put some chips in, after all, i got everything out over 0.005... so just taking a bit of that.
the latest fast daily declining trendline seems to be broken so a re-test of 0.0047 (pre-flash crash level) seems now possible to me, especially BTC is taking a breather

ready to change my mind any time.

I will never see it go below 300k sat so i opened a really small margin trade, if it gets below 300k i can buy in really big.
Might see a pullback to 350 levels but thats it if you ask me.

never say never, when ETH was trading at 20 USD, nobody thought it would trade below 8 USD... when BTC traded over 1000 USD nobody expected it to drop below 200USD...
LTC was 40 USD its now below 4 USD...
There is no sure thing

[Freckleg]

FOMO'ing a bit in FCT.
nowhere as much as i had before

Yes i missed the last dip below 0.0037 but i managed to catch 2 bounces, so...

No strong conviction the correction is over, still think the weekly bearish divergence is into play and see much lower prices,
but hey, i might be wrong, and in the long run i think FCT is cheap enough to put some chips in, after all, i got everything out over 0.005... so just taking a bit of that.
the latest fast daily declining trendline seems to be broken so a re-test of 0.0047 (pre-flash crash level) seems now possible to me, especially BTC is taking a breather

ready to change my mind any time.

I will never see it go below 300k sat so i opened a really small margin trade, if it gets below 300k i can buy in really big.
Might see a pullback to 350 levels but thats it if you ask me.

never say never, when ETH was trading at 20 USD, nobody thought it would trade below 8 USD... when BTC traded over 1000 USD nobody expected it to drop below 200USD...
LTC was 40 USD its now below 4 USD...
There is no sure thing

Very true. And when Factom was at 2.50 USD nobody would have expected it to surge to 15 USD that fast. Oh no wait that has not happend yet 

[crazyivan]

FOMO'ing a bit in FCT.
nowhere as much as i had before

Yes i missed the last dip below 0.0037 but i managed to catch 2 bounces, so...

No strong conviction the correction is over, still think the weekly bearish divergence is into play and see much lower prices,
but hey, i might be wrong, and in the long run i think FCT is cheap enough to put some chips in, after all, i got everything out over 0.005... so just taking a bit of that.
the latest fast daily declining trendline seems to be broken so a re-test of 0.0047 (pre-flash crash level) seems now possible to me, especially BTC is taking a breather

ready to change my mind any time.

I will never see it go below 300k sat so i opened a really small margin trade, if it gets below 300k i can buy in really big.
Might see a pullback to 350 levels but thats it if you ask me.

never say never, when ETH was trading at 20 USD, nobody thought it would trade below 8 USD... when BTC traded over 1000 USD nobody expected it to drop below 200USD...
LTC was 40 USD its now below 4 USD...
There is no sure thing

Very true. And when Factom was at 2.50 USD nobody would have expected it to surge to 15 USD that fast. Oh no wait that has not happend yet 

Hehe, we have a prophet here. I think you re on the right trail. I d be surprised if Factom would not reach that price by mid next year, if not sooner. This potential simply cannot be ignored for a long time.