[ANN] FACTOM - Introducing Honesty to Record-Keeping

[tempus]

Does anyone have questions for Tiana they want answered on air?

—How do you see Factom-the-protocol evolving beyond M2 and M3? Is it a matter of developing products and services on the base-layer tech, or do you see that base layer evolving as well down the line?

—Can you imagine, theoretically, a point in the future where all data has full integrity? Or do you think there will always be a pull toward manipulation by those with vested interest?

—Factom’s Chief Scientist, Brian Deery, has said that it takes about as long to wrap your head around FCT as it does BTC. Why do you think this is the case? The details of the tech aside, do you think there are general conceptual hurdles that prevent a quick understanding of Factom?

—Do you see any potentially negative consequences to large-scale blockchain adoption? Can blockchain tech be used for evil, or is it always on the side of good?

I also asked these questions of Paul in the Q+A for CryptoCompare, so if Tiana's unable to get to them, no problem. Anyway ... thanks for soliciting from the peanut gallery, Brian.

Also, when/where will Tiana be appearing?

Great questions!

Both (including Brian Deery) are live now - here: http://thecryptoshow.com/listenlive/

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[D-Lux]

Great questions!

Both (including Brian Deery) are live now - here: http://thecryptoshow.com/listenlive/

Thanks Tempus! Just put in on ...

[coin@coin]

Questions for the CryptoShow.

- Why doesn't the CryptoShow do video podcasts?
- How long does it take before the podcast is available with a dedicated URL to be shared on Social Media?

[Less338]

[...] with 100 company's like this were looking at 1 bn a day and thats a easy 400$ factoid price.

But yes all just guesses but im happy i got equity and factoids.

Yes 1b entries per day would actually require a base price (minus speculative premium) of around $400 / FCT. This would be just to avoid exhaustion of the FCT supply post-M3:

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

Given FCT's scalability, though, it's hard to imagine a speculative premium below several 100X, which would still be in the range of several S&P stocks's P/E, with comparatively much more limited scalability potential:

http://americasmarkets.usatoday.com/2015/03/02/the-8-most-expensive-stocks-you-can-buy/

$400? My friend, I ve been into crypto long time. I ve been invested into at least dozen coins. Do you how many of these coins s had people on their forums expecting similar price. Every single one. Do you know how many reached this number? Not a SINGLE ONE.

I know you re going to say this figure s based on fundamentals and calculations. Still, Statistics s against this one.

Statistics are always against us holders since 80% of businesses fail within the first 18 months.

[Mrboot]

[...] with 100 company's like this were looking at 1 bn a day and thats a easy 400$ factoid price.

But yes all just guesses but im happy i got equity and factoids.

Yes 1b entries per day would actually require a base price (minus speculative premium) of around $400 / FCT. This would be just to avoid exhaustion of the FCT supply post-M3:

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

Given FCT's scalability, though, it's hard to imagine a speculative premium below several 100X, which would still be in the range of several S&P stocks's P/E, with comparatively much more limited scalability potential:

http://americasmarkets.usatoday.com/2015/03/02/the-8-most-expensive-stocks-you-can-buy/

$400? My friend, I ve been into crypto long time. I ve been invested into at least dozen coins. Do you how many of these coins s had people on their forums expecting similar price. Every single one. Do you know how many reached this number? Not a SINGLE ONE.

I know you re going to say this figure s based on fundamentals and calculations. Still, Statistics s against this one.

Statistics are always against us holders since 80% of businesses fail within the first 18 months.

True but actually factom already survived that . And they soaring and i dont agree with crazyivan.
Factom already shown that there is a need for the tech. and people accepting it even in bigger business there now evolving.
The price for factom is based on usage and i believe it can easly explode. Lets hope the servers can handle unlimited entry's .

[Mrboot]

Questions for the CryptoShow.

- Why doesn't the CryptoShow do video podcasts?
- How long does it take before the podcast is available with a dedicated URL to be shared on Social Media?

https://soundcloud.com/heryptohow

[Less338]

[...] with 100 company's like this were looking at 1 bn a day and thats a easy 400$ factoid price.

But yes all just guesses but im happy i got equity and factoids.

Yes 1b entries per day would actually require a base price (minus speculative premium) of around $400 / FCT. This would be just to avoid exhaustion of the FCT supply post-M3:

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

Given FCT's scalability, though, it's hard to imagine a speculative premium below several 100X, which would still be in the range of several S&P stocks's P/E, with comparatively much more limited scalability potential:

http://americasmarkets.usatoday.com/2015/03/02/the-8-most-expensive-stocks-you-can-buy/

$400? My friend, I ve been into crypto long time. I ve been invested into at least dozen coins. Do you how many of these coins s had people on their forums expecting similar price. Every single one. Do you know how many reached this number? Not a SINGLE ONE.

I know you re going to say this figure s based on fundamentals and calculations. Still, Statistics s against this one.

Statistics are always against us holders since 80% of businesses fail within the first 18 months.

True but actually factom already survived that . And they soaring and i dont agree with crazyivan.
Factom already shown that there is a need for the tech. and people accepting it even in bigger business there now evolving.
The price for factom is based on usage and i believe it can easly explode. Lets hope the servers can handle unlimited entry's .

I know. The underlying statement of my comment was #@%* the statistics of other coins/businesses. 

[tempus]

For those who missed it yesterday: 

The Crypto Show with Factom's Tiana Laurence & DWB on the Gates Foundation Grant
Tonight Tiana Lawrence and Brian (Dances with Bitcoin) Deery join the show to talk about the Gates Foundation Grant to Factom and how it will be implemented in Third World countries to keep track of medical records. We also take BitcoinTalk forum questions and much more.
https://letstalkbitcoin.com/blog/post/the-crypto-show-with-factoms-tiana-laurence-dwb-on-the-gates-foundation-grant

[haggis]

@Factom:

What encoding are you using for the data attribute of the gzip compressed template files at template.go? I altered the localTop.html and want factomd to serve this modified file.

Code:

"index/localTop.html": {
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[oneyesoneno]

For those who missed it yesterday: 

The Crypto Show with Factom's Tiana Laurence & DWB on the Gates Foundation Grant
Tonight Tiana Lawrence and Brian (Dances with Bitcoin) Deery join the show to talk about the Gates Foundation Grant to Factom and how it will be implemented in Third World countries to keep track of medical records. We also take BitcoinTalk forum questions and much more.
https://letstalkbitcoin.com/blog/post/the-crypto-show-with-factoms-tiana-laurence-dwb-on-the-gates-foundation-grant

Thanks you so much for the info.

[Capoboss]

Does someone know how long it takes for exodus to implement FCT once M2 is out?

They allready got it ready just waiting for m2 release

Where did you get this info from? It would definitely add a lot of usability to Factom cause current wallet is UGH!

http://support.exodus.io/knowledge_base/topics/when-will-exodus-support-monero-factom-or-other-blockchain-assets

that redirects to:

http://woobull.com/exodus-wallet-roadmap-a-list-of-upcoming-asset-support/

Great! Iam waiting to withdraw my FCT from polo cause it makes me nervous for letting my coins on an exchange.

[crazyivan]

Does someone know how long it takes for exodus to implement FCT once M2 is out?

They allready got it ready just waiting for m2 release

Where did you get this info from? It would definitely add a lot of usability to Factom cause current wallet is UGH!

http://support.exodus.io/knowledge_base/topics/when-will-exodus-support-monero-factom-or-other-blockchain-assets

that redirects to:

http://woobull.com/exodus-wallet-roadmap-a-list-of-upcoming-asset-support/

It makes 2 of us. I hope we get the news soon, definitely withing next month. It would be a nice Xmas present to see Factom fly!
Great! Iam waiting to withdraw my FCT from polo cause it makes me nervous for letting my coins on an exchange.

[Mrboot]

Does someone know how long it takes for exodus to implement FCT once M2 is out?

They allready got it ready just waiting for m2 release

Where did you get this info from? It would definitely add a lot of usability to Factom cause current wallet is UGH!

http://support.exodus.io/knowledge_base/topics/when-will-exodus-support-monero-factom-or-other-blockchain-assets

that redirects to:

http://woobull.com/exodus-wallet-roadmap-a-list-of-upcoming-asset-support/

It makes 2 of us. I hope we get the news soon, definitely withing next month. It would be a nice Xmas present to see Factom fly!
Great! Iam waiting to withdraw my FCT from polo cause it makes me nervous for letting my coins on an exchange.

Yea that will be the biggest gain for me aswell, exodus is a really cool wallet with awesome coins.

[BrianDeery]

@Factom:

What encoding are you using for the data attribute of the gzip compressed template files at template.go? I altered the localTop.html and want factomd to serve this modified file.

Code:

"index/localTop.html": {
		data:  "\x1f\x8b\b\x00\x00\tn\x88\x02\xff\xdcXQo\

https://github.com/FactomProject/staticfiles

[Divorcion]

For those who missed it yesterday: 

The Crypto Show with Factom's Tiana Laurence & DWB on the Gates Foundation Grant
Tonight Tiana Lawrence and Brian (Dances with Bitcoin) Deery join the show to talk about the Gates Foundation Grant to Factom and how it will be implemented in Third World countries to keep track of medical records. We also take BitcoinTalk forum questions and much more.
https://letstalkbitcoin.com/blog/post/the-crypto-show-with-factoms-tiana-laurence-dwb-on-the-gates-foundation-grant

Great i saw this link, thank you.

[haggis]

@Factom:

What encoding are you using for the data attribute of the gzip compressed template files at template.go? I altered the localTop.html and want factomd to serve this modified file.

Code:

"index/localTop.html": {
		data:  "\x1f\x8b\b\x00\x00\tn\x88\x02\xff\xdcXQo\

https://github.com/FactomProject/staticfiles

Oh great! I didn't see the wood for the trees. There's so much material around factom.

[lolikop]

Everyone can see there is a new handle being formed between 260-330k we will stay there untill m2 or after m2 when more big companies will join fct.

And oh boy i cant even say where it will stop but deff much higher then eth's run

So people keep selling ur fct i would love to take them selllllll give me moar

[tempus]

Everyone can see there is a new handle being formed between 260-330k we will stay there untill m2 or after m2 when more big companies will join fct.

And oh boy i cant even say where it will stop but deff much higher then eth's run

So people keep selling ur fct i would love to take them selllllll give me moar

I believe there is some up-potential before M2, because:


1) If I'm right, Tiana Laurence said in the CryptoShow last night that the Gates Foundation also will push out an announcement about the partnership. (she didn't say that it will be before M2 of course - but something will come)


2)

Blockchain authentication company Factom Inc. will demonstrate an integrated physical document verification and authentication solution called dLoc next week.
http://siliconangle.com/blog/2016/11/22/smartrac-launches-document-authentication-solution-using-factoms-blockchain/


3) In a few weeks there will be M2 (and the market will begin to anticipate it)


4) Exodus right after M2 (and the market will begin to anticipate it)


5) All what is needed is a stable or even dropping Bitcoin. And because of the blocksize-problem:

Mempool - new ATH today: https://blockchain.info/de/charts/mempool-count?timespan=1week

...even that could happen.

[lolikop]

Everyone can see there is a new handle being formed between 260-330k we will stay there untill m2 or after m2 when more big companies will join fct.

And oh boy i cant even say where it will stop but deff much higher then eth's run

So people keep selling ur fct i would love to take them selllllll give me moar

I believe there is some up-potential before M2, because:


1) If I'm right, Tiana Laurence said in the CryptoShow last night that the Gates Foundation also will push out an announcement about the partnership. (she didn't say that it will be before M2 of course - but something will come)


2)

Blockchain authentication company Factom Inc. will demonstrate an integrated physical document verification and authentication solution called dLoc next week.
http://siliconangle.com/blog/2016/11/22/smartrac-launches-document-authentication-solution-using-factoms-blockchain/


3) In a few weeks there will be M2 (and the market will begin to anticipate it)


4) Exodus right after M2 (and the market will begin to anticipate it)


5) All what is needed is a stable or even dropping Bitcoin. And because of the blocksize-problem:

Mempool - new ATH today: https://blockchain.info/de/charts/mempool-count?timespan=1week

...even that could happen.

Yep u got it but dont forget to buy more fct if u have some spare money left .

We can see the devs dont care about current price thats a confirmation it can only go up

[crazyivan]

Nice to see price pumpers re still there. Well, I do not mind I have open positions both sides.

Still, the issue s there, the market has not perceived Factom as a GREAT investment yet, which it is. I hope it s only time we re talking about here.