[ANN] FACTOM - Introducing Honesty to Record-Keeping

[estanis]

My tx didn't arrived, but I was refunded (it only takes 3 days...)

[crazyivan]

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!

Check by yourself tx id (d0cb52f5d4d4a291ed3424dd864156011028fd065241deda83830edfc2476a9c) at explorer.factom.org

The tx is complete in poloniex:



I hope you don't get answers like yours when you have a serious problem...

I believe the Polo withdrawal issue is resolved, my transactions arrived recently.

Told you, this takes place from time to time but it gets fixed without issues. Polo s generally very trustful. FOR NOW!

[Xpedite]

XEM or really any other blockchain today isn't as secure as BTC because the tiny size of their network make it vulnerable to things similar to 51% attack...
detractors of BTC would point out that a lot of BTC nodes are in China, which is not a good thing either.

on the specs side, XEM and many other blockchains are superior to BTC.... XMR has stronger anonymity, ETH has smart contracts, etc...

I suggest you take a thorough look at NEM white paper before making such claims. NEM is full of security features that don't exist in BTC. Especially the node reputation system and time synchronisation feature are things that truly matter when talking about security. Also look at PoI consensus while you're at it.

I'm far from worried about a 51% attack due to node reputation system and PoI, but feel free to describe a viable attack scenario if you have another opinion.

Most of the claims that are made when comparing security of alts against BTC is based on feelings. I personally stepped away from the subjective analysis and studied the available documentation, which made me come to the conclusion that NEM is probably one of the most secure ( if not the most secure) chain(s) in existence.

Until someone comes up with solid evidence to refute this I'd say it's all FUD!

Both Factom and Apostille probably have their pro's and cons , but I wonder if any of you have really looked at NEM and Apostille white papers before writing it off as inferior to what Factom has to offer. 

By the way XMR's anonymity might be something that is highly appreciated in the crypto community but has little added value for real world applications IMO and about ETH smart contract feature; we've all noticed how superior that has been recently 

[Ahaezod]

http://image.noelshack.com/fichiers/2016/45/1478868104-capture.png

I grabbed the data from Factom website. I get this chart.
There is no real acceleration of anything in term of EC growth.

Someone was asking for it.  


Edit: Well, I used the Insert img option, but I'm left with a mere link...

If some want the excel file to grab the data, here it is: http://www.filedropper.com/factom-broad
It's pretty basic and generates a CSV with the results. The VBA code needs to be amended a bit.

[Less338]

Also made something for the monthly and weekly usage of entry credits yesterday. I will try to update it every (few) week(s).

https://docs.google.com/spreadsheets/d/1htx-XAyQZkpxWcpz-2Io36pCWabiUPEGrex39YBpuGI/edit#gid=0

I got all the data from the usage statistics in this spreadsheet https://docs.google.com/spreadsheets/d/1RUZLxxoAfT3C5jIJ144DLYdztYe_sqrKqbTlZuD05-s/htmlview?pli=1#gid=445871101

Like Ahaezod already mentions, there has been no acceleration the last few months, but I'm looking forward what the next months will bring with M2 being launched. We also have to keep in mind that Factom is working on some bigger projects with DHS and iSoftStone (smart cities China) and probably others, whereof no entries are found yet in the usage statistics. These projects could bump up the usage significantly.

[GrossBit]

just saying, I mentioned Apostille and NEM the other day,

today, FCT is down 6% XEM is up 14%...

I would not make too much of it yet, because volumes in XEM are low and its very illiquid, but its a bit funny...

[Pap0u]

NEM market is just baiting a Fomo pump on silly news. You can't compare the two projects. People fail to realize just how professional Factom is. They aren't a dev team operating out of their mothers basement. They are an actual incorporated company with real big name investors and real big name projects. Give them time to develop their products guys. We forget where we are, these aren't stocks and aren't meant to be day traded, especially in such a small illiquid and unregulated environment, you might as well just burn your money away. Crypto investing is a long term environment, especially until products actually get developed. People get mad because they aren't an overnight millionaire or don't get a reply on a childish unprofessional forum like this from an established reputable company and they lose their minds; throwing their money away into the hands of people who are blatantly manipulating you. Factom is such an amazing entry at 300k, whoever doesn't realize this is a fool.

[Pap0u]

People like Grossbit are just doing this to incite dumps that he buys off you guys for cheap and then just flips it for a small percentage, rinse and repeat. You really need to stop trading this coin and ask yourself if you believe in the project, buy and hold. If not, no one is holding you here. The fact that grossbit is solely glued to this topic shows how involved in Factom he is. If you think he isn't making a killing off idiots who dump to bitcointalk fud, walk away from crypto because you will lose all your money; you need a serious wake up call. Whoever is constantly fud'ing a forum topic obviously has an agenda. We have no superheroes here trying to save us. There are only people trying to sell their bags in crypto or people trying to buy bags, that's it.

[BlackJacky]

People like Grossbit are just doing this to incite dumps that he buys off you guys for cheap and then just flips it for a small percentage, rinse and repeat. You really need to stop trading this coin and ask yourself if you believe in the project, buy and hold. If not, no one is holding you here. The fact that grossbit is solely glued to this topic shows how involved in Factom he is. If you think he isn't making a killing off idiots who dump to bitcointalk fud, walk away from crypto because you will lose all your money; you need a serious wake up call. Whoever is constantly fud'ing a forum topic obviously has an agenda. We have no superheroes here trying to save us. There are only people trying to sell their bags in crypto or people trying to buy bags, that's it.

True words! Im convinced by Factom and in since the ICO! Looking forward to exciting times!

[Pap0u]

People like Grossbit are just doing this to incite dumps that he buys off you guys for cheap and then just flips it for a small percentage, rinse and repeat. You really need to stop trading this coin and ask yourself if you believe in the project, buy and hold. If not, no one is holding you here. The fact that grossbit is solely glued to this topic shows how involved in Factom he is. If you think he isn't making a killing off idiots who dump to bitcointalk fud, walk away from crypto because you will lose all your money; you need a serious wake up call. Whoever is constantly fud'ing a forum topic obviously has an agenda. We have no superheroes here trying to save us. There are only people trying to sell their bags in crypto or people trying to buy bags, that's it.

True words! Im convinced by Factom and in since the ICO! Looking forward to exciting times!

Good dude, you will be the real winner. Long term plays have been the only real big winners in crypto. No coin does 100x in a day. Not even a 10x. 1x is even hard. People like to take profits and day trade so everything will always fluctuate, pumps and dumps as well. A good piece of advice is find a project you like, decide on what's a good entry point and exit point and stick to it. Traders make money off a proven psychological rhythm that all humans follow, don't play into it.

On a side note, whoever is dropping Factom under 300k keeps making me a rich man with these easy margin swings. Thank you.

[astmandu]

Does anyone know how to determine how many Factoids are parked at Poloniex? I'd like to get a sense of that now if possible and then compare down the road after Exodus includes FCT.

[caffeine93]

NEM market is just baiting a Fomo pump on silly news. You can't compare the two projects. People fail to realize just how professional Factom is. They aren't a dev team operating out of their mothers basement. They are an actual incorporated company with real big name investors and real big name projects. Give them time to develop their products guys. We forget where we are, these aren't stocks and aren't meant to be day traded, especially in such a small illiquid and unregulated environment, you might as well just burn your money away. Crypto investing is a long term environment, especially until products actually get developed. People get mad because they aren't an overnight millionaire or don't get a reply on a childish unprofessional forum like this from an established reputable company and they lose their minds; throwing their money away into the hands of people who are blatantly manipulating you. Factom is such an amazing entry at 300k, whoever doesn't realize this is a fool.

NEM spam is strong these days on the thread indeed, lol...it'll be the same story as with POT, "news" is used as an excuse for pump (example, weed legalization) which is followed be the dump back to the origins

[BlackJacky]

Folks, my understanding is that M2 is currently just on the testnet and as soon as it has been tested successfully, M2 will be implemented on the main chain. That would be the actually M2 and Factom would announce it again?

Please correct me if Im wrong but did I get this right?

[BlackJacky]

A Roadmap would be helpful

[tempus]

Folks, my understanding is that M2 is currently just on the testnet and as soon as it has been tested successfully, M2 will be implemented on the main chain. That would be the actually M2 and Factom would announce it again?

Please correct me if Im wrong but did I get this right?

Absolutely correct! Plus: https://www.exodus.io will add Factoids after M2, and: I'm not 100% sure but I believe Factom will release a new wallet.

[BlackJacky]

Folks, my understanding is that M2 is currently just on the testnet and as soon as it has been tested successfully, M2 will be implemented on the main chain. That would be the actually M2 and Factom would announce it again?

Please correct me if Im wrong but did I get this right?

Absolutely correct! Plus: https://www.exodus.io will add Factoids after M2, and: I'm not 100% sure but I believe Factom will release a new wallet.

Alright, thanks for the confirmation

[crazyivan]

Brian said a few weeks minimum, so I d say end of this month to be absolutely sure till M2 s been reached.

[tempus]

Brian said a few weeks minimum, so I d say end of this month to be absolutely sure till M2 s been reached.

Yes. I few weeks could be minimum of two and theoretically it could be also 4...5....6 ;-)

[Mimir]

Folks, my understanding is that M2 is currently just on the testnet and as soon as it has been tested successfully, M2 will be implemented on the main chain. That would be the actually M2 and Factom would announce it again?

Please correct me if Im wrong but did I get this right?

Yeah seems to be what is suggested, once it they are happy with testnet it will switch over.
I'm sitting here spamming it with with crap entries and making a bunch of requests for my nonsense data. Test network seems to be holding up fine, even with only 6 fed servers.
Prefer they test it well rather than rush it out. Ain't no need to pander to the crypto community, they not the customers here.

[crazyivan]

Folks, my understanding is that M2 is currently just on the testnet and as soon as it has been tested successfully, M2 will be implemented on the main chain. That would be the actually M2 and Factom would announce it again?

Please correct me if Im wrong but did I get this right?

Yeah seems to be what is suggested, once it they are happy with testnet it will switch over.
I'm sitting here spamming it with with crap entries and making a bunch of requests for my nonsense data. Test network seems to be holding up fine, even with only 6 fed servers.
Prefer they test it well rather than rush it out. Ain't no need to pander to the crypto community, they not the customers here.

Really? So this means we re irrelevant from Factom viewpoint?