[ANN] FACTOM - Introducing Honesty to Record-Keeping

[AJB22]

5,000,000 entries today... Good stuff

FACTOM LIVE USAGE

The Factom Foundation's protocol is already in use, and it's growing every day.

77,920,018 Records

5,002,527 Entries

62,494 Anchors

[Bit2EZ]

Would be good to see some simple charts showing factom's growth ie. entries/time, records/time, key milstones shown on each (M2 testnet, funding goals etc.)

I'm not sure if these already exist but they seem like simple things to produce that would clearly show the progression of the project. I think in the crypto community where most are fairly tech savvy they miss the easy wins and get lost in detail that's way over the head of the average joe.

[BlackPrapor]

NEM has only 1000tx/s cap, which is quite small. Otherwise an interesting concept.

[D-Lux]

Factom touched 860k without Tesnet (Pre-M2) , FCT can go anywhere because FCT market in Poloniex is manipulated. In a small market where some whales (500BTCs) do what they want, you or me can´t do nothing. Factom new ATH is around 0.015- 0.02, when? when the whales think is the right moment. So all we know Factom is a BIG BIG Project in development, and the best thing to do is... WAIT, wait for new HIGHS, sit down, put a movie and wait, something is coming before XMASS. Im pretty new in crypto, but I read the FCT white paper many times, we have an awesome technology BTW us. Some people forget that. (IMHO)

+1. Looking forward to FCT's trolls having a sudden "change of heart" as they finish collecting and move into phase 2: pump.

[Wexfgy12]

Is the NEM APostille thing a legitimate competitor to Factom ?

[estanis]

Yea I tried checking both the address I sent to and the Txid. None of them show up in the explorer.

I also  checked my tx and address... 36 hours and still nothing

[crazyivan]

What do you guys think need to happen in order for Factom to break 0.006 again? What re preconditions?

[nowhere man]

My two cents is the drip drip drip of good news will buoy the price somewhat - When M2 finally releases my guess would be 0.004xx - all things being equal in the bitcoin world (of which there is zero guarantee!). In terms of higher gains, its all about the news factom releases in terms of potential users of the system. Now we really need to see usage gaining a lot more ground, not necessarily 200 million per month, but certainly 10 million to 20 million per month, as that will signal to traders that the platform has true potential and is being widely tested in the wild. M3 should also boost the price as well. But I honestly can't see us pushing past 0.005xxx without serious customers using the network.

Of course, all you need really is one big customer then it can really go boom. Paul Snow's throwaway remark about the DHS contract really piqued my interest. Who knows though. Maybe we'll be strung along some more for a few more months. Time will tell.

Disclaimer, I've reduced my position to a size I'm more comfortable with holding long term. Much better for your heart.

Best of luck.

[kauppalahti]

NEM has only 1000tx/s cap, which is quite small. Otherwise an interesting concept.

Wait for the CATAPULT and grap your stetsons : )

[DarshUX]

estanis, something's not right. Maybe something went wrong with the wallets during the upgrade, since you and I withdrew during the upgrade I think. It's been more than a whole day now, nothing showing up in the Block Explorer or my account. This is something on their end, I hope they fix it or refund us.

[flashbit]

http://www.sbwire.com/press-releases/global-digital-coins-industry-2016-key-market-protocols-government-initiatives-exchange-policies-developing-firms-2021-740408.htm

[mig5000]

Anyone has the link to the spreadsheet please? it seems I cannot locate it anymore

[flashbit]

Looks promising though translation is brutal.

http://fin.iyiou.com/p/34273

[flashbit]

Anyone has the link to the spreadsheet please? it seems I cannot locate it anymore

https://docs.google.com/spreadsheets/d/1RUZLxxoAfT3C5jIJ144DLYdztYe_sqrKqbTlZuD05-s/htmlview?pli=1#gid=445871101

[estanis]

estanis, something's not right. Maybe something went wrong with the wallets during the upgrade, since you and I withdrew during the upgrade I think. It's been more than a whole day now, nothing showing up in the Block Explorer or my account. This is something on their end, I hope they fix it or refund us.

I hope so...

What I've seen in the poloniex trollbox is we are not the only ones with the problem.

It would be great if someone (from factom) could explain us why it is such a delay...

[caffeine93]

Looks promising though translation is brutal.

http://fin.iyiou.com/p/34273

from what I could understand (translator) the FCT team is funded with 10 million EUR or USD or something other?

[Shiroslullaby]

I like the look of the UI.
(Although I'm only judging by pictures, not currently testing it myself.)

[Elpadrinho]

estanis, something's not right. Maybe something went wrong with the wallets during the upgrade, since you and I withdrew during the upgrade I think. It's been more than a whole day now, nothing showing up in the Block Explorer or my account. This is something on their end, I hope they fix it or refund us.

I hope so...

What I've seen in the poloniex trollbox is we are not the only ones with the problem.

It would be great if someone (from factom) could explain us why it is such a delay...

Nice try nooblets! Now go away with your FUD!

[D-Lux]

Looks promising though translation is brutal.

http://fin.iyiou.com/p/34273

from what I could understand (translator) the FCT team is funded with 10 million EUR or USD or something other?

No, 10 million angels were led to the river side, the article clearly explains that.

(The translation's indeed brutal, but not without its charm imho.)

I believe it's referring to this:

www.reddit.com/r/factom/comments/567hi1/funding_announcement_sticky_thread/

... with some additional commentary:

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

Though it may also have to do with the pending release of funds to Factom, on completion of M2. Hard to tell.

[Yazz]

Looks promising though translation is brutal.

http://fin.iyiou.com/p/34273

from what I could understand (translator) the FCT team is funded with 10 million EUR or USD or something other?

No, 10 million angels were led to the river side, the article clearly explains that.

(The translation's indeed brutal, but not without its charm imho.)

I believe it's referring to this:

www.reddit.com/r/factom/comments/567hi1/funding_announcement_sticky_thread/

... with some additional commentary:

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

Though it may also have to do with the pending release of funds to Factom, on completion of M2. Hard to tell.

Basically, Jack Lu was a contributor to the Factom Whitepaper. He is credited in this article as being a founder of Factom.

"吕旭军和汪波之前是美国公司公证通（Factom）的联合创始人"
(Translation) "Lu Xujun and Wang Bo were former co-founders of Factom, a US company"

It would appear that they have set up their own company in China called 网录科技 ( and have received 10 million RMB in angel funding led by 网录科技 (River Venture) with 万向分布式资本 (Universal Distributed Capital).

"网录科技是一家区块链技术服务公司，成立于2016年7月，专注于数据存证、数字资产、供应链金融、防伪溯源等领域，为企业、金融机构和政府部门提供区块链应用技术及行业解决方案。"
"Founded in July, 2016, 网录科技 is a block chain technology service company focused on data storage, digital asset, supply chain finance and anti-counterfeit traceability. It provides block-chain applications for enterprises, financial institutions and government departments. Technology and industry solutions."

I won't speculate on whether or not it is offering a similar service to Factom but seems that is the general space they are playing in. FCT already has a decent China presence, will be interesting to see how this plays out.