[ANN] FACTOM - Introducing Honesty to Record-Keeping

[D-Lux]

Can anyone give me a TL;DR rundown of the current state of Factom? Wrote some articles on it back around launch time, but haven't seen too much about it since. Did the whole land registry thing fall through?

A lot has happened, but some links to get you started:

https://docs.google.com/spreadsheets/d/1RUZLxxoAfT3C5jIJ144DLYdztYe_sqrKqbTlZuD05-s/edit?pref=2&pli=1#gid=445871101

http://imgur.com/a/rQMxI

https://www.reddit.com/r/factom/comments/58va4f/1022_the_look_of_things_atm/

https://www.reddit.com/r/factom/comments/57hdua/factom_woos_mortgage_industry_experts_to/

https://www.reddit.com/r/factom/comments/56yb1c/tim_draper_i_believe_that_the_factom_team_has_the/

https://www.reddit.com/r/factom/comments/55x0sr/tim_draper_leads_42_million_series_a_for/

https://www.reddit.com/r/factom/comments/4zxi6e/fct_ec_and_the_factom_financial_ecosystem/

[1714720898]

1714720898

[1714720898]

1714720898

[flashbit]

Meet David A. Johnston (Chairman of Factom, Inc.)
Tokyo Ethereum Meetup

https://m.youtube.com/watch?feature=youtu.be&v=MayHWRmFtyE

[D-Lux]

Meet David A. Johnston (Chairman of Factom, Inc.)
Tokyo Ethereum Meetup

https://m.youtube.com/watch?feature=youtu.be&v=MayHWRmFtyE

Great video. Was the meetup today, the 27th?

Anyone know what "tomorrow's smart contracts conference" refers to?

[Sorlag]

Meet David A. Johnston (Chairman of Factom, Inc.)
Tokyo Ethereum Meetup

https://m.youtube.com/watch?feature=youtu.be&v=MayHWRmFtyE

Great video. Was the meetup today, the 27th?

Anyone know what "tomorrow's smart contracts conference" refers to?

July 25 · 7:30 PM

[Jjtjjt]

Meet David A. Johnston (Chairman of Factom, Inc.)
Tokyo Ethereum Meetup

https://m.youtube.com/watch?feature=youtu.be&v=MayHWRmFtyE

Great video. Was the meetup today, the 27th?

Anyone know what "tomorrow's smart contracts conference" refers to?

That was an awesome video.  I learned a lot.  Talked in Laymen's terms, and was socially adept. 

[Kruemmelmonster]

would be great if anyone from factom team could give us a rough ETA for m2/testnet. at least if it's likely to be launched within 2016 or not.

[Mrboot]

would be great if anyone from factom team could give us a rough ETA for m2/testnet. at least if it's likely to be launched within 2016 or not.

We tryed to get that answer many times but not working.

but who cares just wait till Factoids are x100 and be happy

[Kruemmelmonster]

would be great if anyone from factom team could give us a rough ETA for m2/testnet. at least if it's likely to be launched within 2016 or not.

We tryed to get that answer many times but not working.

but who cares just wait till Factoids are x100 and be happy

well tbh i don't think x100 is realistic. i'm aiming for 0.016 or 0.022. tho those targets depends on when M2 will be launched. if it's not going to be released till Q1 2017 or so, i think we might see a drop to 0.002.

[Mrboot]

would be great if anyone from factom team could give us a rough ETA for m2/testnet. at least if it's likely to be launched within 2016 or not.

We tryed to get that answer many times but not working.

but who cares just wait till Factoids are x100 and be happy

well tbh i don't think x100 is realistic. i'm aiming for 0.016 or 0.022. tho those targets depends on when M2 will be launched. if it's not going to be released till Q1 2017 or so, i think we might see a drop to 0.002.

Actually it can go to 0.016 and still be x100

I can explain why i think it's possible, first of all the entry coin price is fixed at $0.001 so 1000 entry are 1$.
The inflation of the coin is 73000 each month (little less) this is also the burn rate eventually.

So now we know how the rates are we can only speculate on how much is it used, and base the price on that.
I will calculate it per month.

100,000,000 entry's = $ 1.369 fct (100,000,000 /1000 = 100,000 dollar / 73000 = 1.369)
1,000,000,000 entry's = $ 13.69 fct
10,000,000,000 entry's = $ 136.9 fct
100,000,000,000 entry's = $ 1369 fct

So my guess is that big company's like banks, insurance even IoT will eventually use fct simply cause its easy, already made, cheaper.
So my guess is that 1bn entry's will be placed on daily base.

30,000,000,000 entry's = $ 410.7 each Factoid.

I know call me crazy but ones it starting to take off, people will even hype it.

There are many interviews with the team and i watch almost all of them, Tiana and David both said there are company's asking us can we store a bn entry's on factom a day. (banks i guess) but no matter what they are there are more out there that wanna do the same.
Cause the fact its usefull for one shows its prob. also usefull for others.

But i would like to hear your views on this.

[GrossBit]

would be great if anyone from factom team could give us a rough ETA for m2/testnet. at least if it's likely to be launched within 2016 or not.

We tryed to get that answer many times but not working.

but who cares just wait till Factoids are x100 and be happy

well tbh i don't think x100 is realistic. i'm aiming for 0.016 or 0.022. tho those targets depends on when M2 will be launched. if it's not going to be released till Q1 2017 or so, i think we might see a drop to 0.002.

Actually it can go to 0.016 and still be x100

I can explain why i think it's possible, first of all the entry coin price is fixed at $0.001 so 1000 entry are 1$.
The inflation of the coin is 73000 each month (little less) this is also the burn rate eventually.

So now we know how the rates are we can only speculate on how much is it used, and base the price on that.
I will calculate it per month.

100,000,000 entry's = $ 1.369 fct (100,000,000 /1000 = 100,000 dollar / 73000 = 1.369)
1,000,000,000 entry's = $ 13.69 fct
10,000,000,000 entry's = $ 136.9 fct
100,000,000,000 entry's = $ 1369 fct

So my guess is that big company's like banks, insurance even IoT will eventually use fct simply cause its easy, already made, cheaper.
So my guess is that 1bn entry's will be placed on daily base.

30,000,000,000 entry's = $ 410.7 each Factoid.

I know call me crazy but ones it starting to take off, people will even hype it.

There are many interviews with the team and i watch almost all of them, Tiana and David both said there are company's asking us can we store a bn entry's on factom a day. (banks i guess) but no matter what they are there are more out there that wanna do the same.
Cause the fact its usefull for one shows its prob. also usefull for others.

But i would like to hear your views on this.

The market is not hearing you, we're down through support now at 0.0037...

[Mrboot]

would be great if anyone from factom team could give us a rough ETA for m2/testnet. at least if it's likely to be launched within 2016 or not.

We tryed to get that answer many times but not working.

but who cares just wait till Factoids are x100 and be happy

well tbh i don't think x100 is realistic. i'm aiming for 0.016 or 0.022. tho those targets depends on when M2 will be launched. if it's not going to be released till Q1 2017 or so, i think we might see a drop to 0.002.

Actually it can go to 0.016 and still be x100

I can explain why i think it's possible, first of all the entry coin price is fixed at $0.001 so 1000 entry are 1$.
The inflation of the coin is 73000 each month (little less) this is also the burn rate eventually.

So now we know how the rates are we can only speculate on how much is it used, and base the price on that.
I will calculate it per month.

100,000,000 entry's = $ 1.369 fct (100,000,000 /1000 = 100,000 dollar / 73000 = 1.369)
1,000,000,000 entry's = $ 13.69 fct
10,000,000,000 entry's = $ 136.9 fct
100,000,000,000 entry's = $ 1369 fct

So my guess is that big company's like banks, insurance even IoT will eventually use fct simply cause its easy, already made, cheaper.
So my guess is that 1bn entry's will be placed on daily base.

30,000,000,000 entry's = $ 410.7 each Factoid.

I know call me crazy but ones it starting to take off, people will even hype it.

There are many interviews with the team and i watch almost all of them, Tiana and David both said there are company's asking us can we store a bn entry's on factom a day. (banks i guess) but no matter what they are there are more out there that wanna do the same.
Cause the fact its usefull for one shows its prob. also usefull for others.

But i would like to hear your views on this.

The market is not hearing you, we're down through support now at 0.0037...

Yea short term, not worried at all just keep stacking. aiming for 20k coins

[Embat]

I like the calculation above. Yes 0.016 is adequate. Who want's to sell let's sell I am on a long and sucssessful era with factom

[D-Lux]

Actually it can go to 0.016 and still be x100

I can explain why i think it's possible, first of all the entry coin price is fixed at $0.001 so 1000 entry are 1$.
The inflation of the coin is 73000 each month (little less) this is also the burn rate eventually.

So now we know how the rates are we can only speculate on how much is it used, and base the price on that.
I will calculate it per month.

100,000,000 entry's = $ 1.369 fct (100,000,000 /1000 = 100,000 dollar / 73000 = 1.369)
1,000,000,000 entry's = $ 13.69 fct
10,000,000,000 entry's = $ 136.9 fct
100,000,000,000 entry's = $ 1369 fct

So my guess is that big company's like banks, insurance even IoT will eventually use fct simply cause its easy, already made, cheaper.
So my guess is that 1bn entry's will be placed on daily base.

30,000,000,000 entry's = $ 410.7 each Factoid.

I know call me crazy but ones it starting to take off, people will even hype it.

There are many interviews with the team and i watch almost all of them, Tiana and David both said there are company's asking us can we store a bn entry's on factom a day. (banks i guess) but no matter what they are there are more out there that wanna do the same.
Cause the fact its usefull for one shows its prob. also usefull for others.

But i would like to hear your views on this.

Nice analysis. I think the price suppression may have created a false sense of perspective with FCT. Imagine if the price hadn't been suppressed (or less often, artificially boosted), and naturally rose in some jagged path on its own. I can see it at 100m market cap today, even pre-M2, and I think we'd still be having the same conversation about the chances of it 100X'ing from there.

IMO it's really hard to find a natural limit or ceiling to the price of FCT. The reason is that the price is directly connected to usage, and there isn't a clear limit on data that could benefit from Factom. Which means, in a super-reduced sense: the limit of FCT's potential price is the limit of the world's data—which has been growing massively over the past years/decades, and with IoT and other movements, looks like it won't slow down anytime soon. It's an interesting set-up ...

[Pap0u]

The dumps are real with this one. Nobody even knows whats a good price for Factom anymore.

[Freckleg]

Actually it can go to 0.016 and still be x100

I can explain why i think it's possible, first of all the entry coin price is fixed at $0.001 so 1000 entry are 1$.
The inflation of the coin is 73000 each month (little less) this is also the burn rate eventually.

So now we know how the rates are we can only speculate on how much is it used, and base the price on that.
I will calculate it per month.

100,000,000 entry's = $ 1.369 fct (100,000,000 /1000 = 100,000 dollar / 73000 = 1.369)
1,000,000,000 entry's = $ 13.69 fct
10,000,000,000 entry's = $ 136.9 fct
100,000,000,000 entry's = $ 1369 fct

So my guess is that big company's like banks, insurance even IoT will eventually use fct simply cause its easy, already made, cheaper.
So my guess is that 1bn entry's will be placed on daily base.

30,000,000,000 entry's = $ 410.7 each Factoid.

I know call me crazy but ones it starting to take off, people will even hype it.

There are many interviews with the team and i watch almost all of them, Tiana and David both said there are company's asking us can we store a bn entry's on factom a day. (banks i guess) but no matter what they are there are more out there that wanna do the same.
Cause the fact its usefull for one shows its prob. also usefull for others.

But i would like to hear your views on this.

Nice analysis. I think the price suppression may have created a false sense of perspective with FCT. Imagine if the price hadn't been suppressed (or less often, artificially boosted), and naturally rose in some jagged path on its own. I can see it at 100m market cap today, even pre-M2, and I think we'd still be having the same conversation about the chances of it 100X'ing from there.

IMO it's really hard to find a natural limit or ceiling to the price of FCT. The reason is that the price is directly connected to usage, and there isn't a clear limit on data that could benefit from Factom. Which means, in a super-reduced sense: the limit of FCT's potential price is the limit of the world's data—which has been growing massively over the past years/decades, and with IoT and other movements, looks like it won't slow down anytime soon. It's an interesting set-up ...

Indeed, it holds very stable vs USD at 2.50. But price should be a tenfold, only on the promise of Factom alone. Anyways not complaining accumulation phase is the best phase for.......accumulation

[Jjtjjt]

Actually it can go to 0.016 and still be x100

I can explain why i think it's possible, first of all the entry coin price is fixed at $0.001 so 1000 entry are 1$.
The inflation of the coin is 73000 each month (little less) this is also the burn rate eventually.

So now we know how the rates are we can only speculate on how much is it used, and base the price on that.
I will calculate it per month.

100,000,000 entry's = $ 1.369 fct (100,000,000 /1000 = 100,000 dollar / 73000 = 1.369)
1,000,000,000 entry's = $ 13.69 fct
10,000,000,000 entry's = $ 136.9 fct
100,000,000,000 entry's = $ 1369 fct

So my guess is that big company's like banks, insurance even IoT will eventually use fct simply cause its easy, already made, cheaper.
So my guess is that 1bn entry's will be placed on daily base.

30,000,000,000 entry's = $ 410.7 each Factoid.

I know call me crazy but ones it starting to take off, people will even hype it.

There are many interviews with the team and i watch almost all of them, Tiana and David both said there are company's asking us can we store a bn entry's on factom a day. (banks i guess) but no matter what they are there are more out there that wanna do the same.
Cause the fact its usefull for one shows its prob. also usefull for others.

But i would like to hear your views on this.

Nice analysis. I think the price suppression may have created a false sense of perspective with FCT. Imagine if the price hadn't been suppressed (or less often, artificially boosted), and naturally rose in some jagged path on its own. I can see it at 100m market cap today, even pre-M2, and I think we'd still be having the same conversation about the chances of it 100X'ing from there.

IMO it's really hard to find a natural limit or ceiling to the price of FCT. The reason is that the price is directly connected to usage, and there isn't a clear limit on data that could benefit from Factom. Which means, in a super-reduced sense: the limit of FCT's potential price is the limit of the world's data—which has been growing massively over the past years/decades, and with IoT and other movements, looks like it won't slow down anytime soon. It's an interesting set-up ...

Indeed, it holds very stable vs USD at 2.50. But price should be a tenfold, only on the promise of Factom alone. Anyways not complaining accumulation phase is the best phase for.......accumulation

If the historical chart is any guide, it probably won't go much lower.

[CocoLibre]

So traders on polo dumped every alt to buy Zcash at insane prices; this has to be the most toxic thing I've ever seen hit the crypto scene excluding the mtgox insolvency.

[astmandu]

Looks like GrossBit called it long ago...might be headed for the .0020s.

[daburone]

I hate to say it but it's not just the BTC rise, confidence that Factom will deliver is starting to suffer...

[astmandu]

I hate to say it but it's not just the BTC rise, confidence that Factom will deliver is starting to suffer...

I agree, anytime there is a big buy order it gets slammed...no hesitation to sell.