[ANN] FACTOM - Introducing Honesty to Record-Keeping

[oneyesoneno]

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

and also another great thing is:
"With Factom, You Will NEVER Loss Your Birth-Certificate"

[jay8291]

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

Hoping to see breaking 400k soon. what do you people think ?

[Mrfrismint]

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

Hoping to see breaking 400k soon. what do you people think ?

Breaking 400K because BTC is falling doesn't bring anything in terms of USD. Therefore I don't really care about the value in BTC, but more about the dollar value of FCT.

[Less338]

https://www.smartrac-group.com/pr/smartrac-launches-dloc.html

"The solution can be applied to almost any document, using a printed barcode representing a number, as well as linking personalized data to the document itself. A dLoc sticker is applied to the document. That sticker contains a Smartrac Bullseye NFC inlay, within which is integrated a security chip chosen from a range of different chip platforms with storage capacities between 1kB and 64kB. In addition, dLoc stickers support all the security features, like guilloches, UV print, micro text or latent image normally found in high-security documents.

To enable document authentication in the course of the issuance process, document data is married with the unique ID of the NFC tag to create a 32-bit hash value, which is only recognizable by the issuing agency using a private key. The hash value is stored in Smart Cosmos and backed up in a public blockchain. Once that has happened, the document with the dLoc sticker can be verified using a desktop reader, or more likely, a mobile app on an NFC-enabled phone."


Does one entry credit only allow one hash up to 1kb or can it contain multiple hashes up to 1kb?

If multiple hashes can be put into one entry credit, Smartrac could put 250 (8000 / 32 bit) tags into one entry credit. A yearly production of 2.6 billion RFID transponders would account for a usage of 10.4 million (2.6 billion / 250) entry credits, assuming every tag is stored on the Factom blockchain.

I got the yearly production from: https://www.smartrac-group.com/files/content/About%20us/SMARTRAC_Company_Presentation.pdf

Please correct me if I'm wrong.

[zoose]

I don't care about btc price another 5 in FCT. Bill Gates Fondation is some think huge add national projects and we have all we need. Markets, projects, products - all this in world class.

Concur, this is building a nice strong foundation. Pun intended.

[Mrboot]

https://www.smartrac-group.com/pr/smartrac-launches-dloc.html

"The solution can be applied to almost any document, using a printed barcode representing a number, as well as linking personalized data to the document itself. A dLoc sticker is applied to the document. That sticker contains a Smartrac Bullseye NFC inlay, within which is integrated a security chip chosen from a range of different chip platforms with storage capacities between 1kB and 64kB. In addition, dLoc stickers support all the security features, like guilloches, UV print, micro text or latent image normally found in high-security documents.

To enable document authentication in the course of the issuance process, document data is married with the unique ID of the NFC tag to create a 32-bit hash value, which is only recognizable by the issuing agency using a private key. The hash value is stored in Smart Cosmos and backed up in a public blockchain. Once that has happened, the document with the dLoc sticker can be verified using a desktop reader, or more likely, a mobile app on an NFC-enabled phone."


Does one entry credit only allow one hash up to 1kb or can it contain multiple hashes up to 1kb?

If multiple hashes can be put into one entry credit, Smartrac could put 250 (8000 / 32 bit) tags into one entry credit. A yearly production of 2.6 billion RFID transponders would account for a usage of 10.4 million (2.6 billion / 250) entry credits, assuming every tag is stored on the Factom blockchain.

I got the yearly production from: https://www.smartrac-group.com/files/content/About%20us/SMARTRAC_Company_Presentation.pdf

Please correct me if I'm wrong.

As far as i know only one kb can be stored for every kb, so they prob need max 64 entry credits for a document, you might think thats insane expansive, but thats only 6 dollar cent for the bigest ones.

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

Hoping to see breaking 400k soon. what do you people think ?

I believe that the 400k had a first test and within a week were gonna test it again, but that also depends on what bitcoin does, but bitcoin tested the 650 multiple times and didnt succeed yet.

[Less338]

https://www.smartrac-group.com/pr/smartrac-launches-dloc.html

"The solution can be applied to almost any document, using a printed barcode representing a number, as well as linking personalized data to the document itself. A dLoc sticker is applied to the document. That sticker contains a Smartrac Bullseye NFC inlay, within which is integrated a security chip chosen from a range of different chip platforms with storage capacities between 1kB and 64kB. In addition, dLoc stickers support all the security features, like guilloches, UV print, micro text or latent image normally found in high-security documents.

To enable document authentication in the course of the issuance process, document data is married with the unique ID of the NFC tag to create a 32-bit hash value, which is only recognizable by the issuing agency using a private key. The hash value is stored in Smart Cosmos and backed up in a public blockchain. Once that has happened, the document with the dLoc sticker can be verified using a desktop reader, or more likely, a mobile app on an NFC-enabled phone."


Does one entry credit only allow one hash up to 1kb or can it contain multiple hashes up to 1kb?

If multiple hashes can be put into one entry credit, Smartrac could put 250 (8000 / 32 bit) tags into one entry credit. A yearly production of 2.6 billion RFID transponders would account for a usage of 10.4 million (2.6 billion / 250) entry credits, assuming every tag is stored on the Factom blockchain.

I got the yearly production from: https://www.smartrac-group.com/files/content/About%20us/SMARTRAC_Company_Presentation.pdf

Please correct me if I'm wrong.

As far as i know only one kb can be stored for every kb, so they prob need max 64 entry credits for a document, you might think thats insane expansive, but thats only 6 dollar cent for the bigest ones.

Not whole documents/data will be stored on the blockchain, but just hashes of documents/data: http://media.coindesk.com/uploads/2014/11/Factom.jpg

Smartrac states they will create a 32-bit hash value per tag, so the previous calculations made a few pages back might be too ambitious, unfortunately.

Edit: data won't be hashed as the link will show

[haggis]

https://www.smartrac-group.com/pr/smartrac-launches-dloc.html

"The solution can be applied to almost any document, using a printed barcode representing a number, as well as linking personalized data to the document itself. A dLoc sticker is applied to the document. That sticker contains a Smartrac Bullseye NFC inlay, within which is integrated a security chip chosen from a range of different chip platforms with storage capacities between 1kB and 64kB. In addition, dLoc stickers support all the security features, like guilloches, UV print, micro text or latent image normally found in high-security documents.

To enable document authentication in the course of the issuance process, document data is married with the unique ID of the NFC tag to create a 32-bit hash value, which is only recognizable by the issuing agency using a private key. The hash value is stored in Smart Cosmos and backed up in a public blockchain. Once that has happened, the document with the dLoc sticker can be verified using a desktop reader, or more likely, a mobile app on an NFC-enabled phone."


Does one entry credit only allow one hash up to 1kb or can it contain multiple hashes up to 1kb?

If multiple hashes can be put into one entry credit, Smartrac could put 250 (8000 / 32 bit) tags into one entry credit. A yearly production of 2.6 billion RFID transponders would account for a usage of 10.4 million (2.6 billion / 250) entry credits, assuming every tag is stored on the Factom blockchain.

I got the yearly production from: https://www.smartrac-group.com/files/content/About%20us/SMARTRAC_Company_Presentation.pdf

Please correct me if I'm wrong.

As far as i know only one kb can be stored for every kb, so they prob need max 64 entry credits for a document, you might think thats insane expansive, but thats only 6 dollar cent for the bigest ones.

Not whole documents/data will be stored on the blockchain, but just hashes of documents/data: http://media.coindesk.com/uploads/2014/11/Factom.jpg

Smartrac states they will create a 32-bit hash value per tag, so the previous calculations made a few pages back might be too ambitious, unfortunately.

Edit: data won't be hashed as the link will show

Every application is free to store any kind of data it wants, up to 10kb per entry for 1EC per 1kb. That may be (multiple) hashes, plaintext or both. It all depends on how the application works and what data it needs.

[neo1947]

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

l m pretty sure fct will explode to eth highs,before going ATH do you think fct might see an other leg down to .015-020 on D chart ?
a bullish three drives might played out before m2 release.

Thanks

[crazyivan]

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

l m pretty sure fct will explode to eth highs,before going ATH do you think fct might see an other leg down to .015-020 on D chart ?
a bullish three drives might played out before m2 release.

Thanks

It seems that speculator has withdrawn his coins again so it seems the bid side s been going down. It s possible we ll see another dump again if this tactics encompasses enough stop triggers.

[Mrboot]

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

l m pretty sure fct will explode to eth highs,before going ATH do you think fct might see an other leg down to .015-020 on D chart ?
a bullish three drives might played out before m2 release.

Thanks

It seems that speculator has withdrawn his coins again so it seems the bid side s been going down. It s possible we ll see another dump again if this tactics encompasses enough stop triggers.

I think we're now on the edge were even whales understand that selling will not help anymore cause others will just absorb them. Below 250 I will for sure buy 10k more coins, but I doubt we see that. Actually I do hope we will as last rally )). If btc will go down factom will start. And I hope m2 will give a huge boost to the entry credits and also burn many coins .

[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

l m pretty sure fct will explode to eth highs,before going ATH do you think fct might see an other leg down to .015-020 on D chart ?
a bullish three drives might played out before m2 release.

Thanks

No with all the recent news i dont think so, but anything can happen maybe 20% chance.

260k major support 340k breakout to 400k prob more...

Factoids must be burned to reach new ath with m2 closing in it really just a matter of time

[Elpadrinho]

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

The devs might not care but don't forget about crooked POLONIEX and there margin trading scams that manipulate the price day in and day out. They're corrupt to the bone!

[cherrycola]

great news about Factom!

[Lisieux]

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

l m pretty sure fct will explode to eth highs,before going ATH do you think fct might see an other leg down to .015-020 on D chart ?
a bullish three drives might played out before m2 release.

Thanks

It seems that speculator has withdrawn his coins again so it seems the bid side s been going down. It s possible we ll see another dump again if this tactics encompasses enough stop triggers.

I think we're now on the edge were even whales understand that selling will not help anymore cause others will just absorb them. Below 250 I will for sure buy 10k more coins, but I doubt we see that. Actually I do hope we will as last rally )). If btc will go down factom will start. And I hope m2 will give a huge boost to the entry credits and also burn many coins .

We are waiting for 22-25k too, minimum purchase of 50k here, so whales please dump your coins you will make a better world!

[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.

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

The devs might not care but don't forget about crooked POLONIEX and there margin trading scams that manipulate the price day in and day out. They're corrupt to the bone!

It's normal that there is manipulation and Margin Trading is one tool of course. But what's even more a fact: For every sell there is a buy and that's the same with Margin Trading and shorting etc.

I believe there is at least one important difference between investing and gambling. Gambling is more betting on short-term. I don't mean that critical, because sometimes I do that as well, but it's very risky. But Investing - that is about the tendency of the price over time and as reflection of real value. Market-manipulations don't play much of a role for that. It's much more predictable because one can analyze a project as deep as possible and try to find out the tendency.

And Factom: One of a very few pearls. They prove it again and again.

Btw, great blog-post (and that guy even quoted me):

Factom. Is. Awesome. And This is Why
https://medium.com/@maxmiddelman/factom-is-awesome-and-this-is-why-c3c4780211db#.91myr4j64

[CanaryInTheMine]

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

The devs might not care but don't forget about crooked POLONIEX and there margin trading scams that manipulate the price day in and day out. They're corrupt to the bone!

almost 3 million factoids are held at polo... what would happen if people withdrew 1/3 or 2/3 into their own wallets?
how many of the factoids do you all believe to be constantly loaned out or how much downward pressure do the 3 million factoids stored at polo create?

[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.

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

The devs might not care but don't forget about crooked POLONIEX and there margin trading scams that manipulate the price day in and day out. They're corrupt to the bone!

almost 3 million factoids are help at polo... what would happen if people withdrew 1/3 or 2/3 into their own wallets?
how many of the factoids do you all believe to be constantly loaned out or how much downward pressure do the 3 million factoids stored at polo create?

That's another very interesting point: Most likely there is also some pressure on the price because too many don't like the current GUI etc and hold their Factoids on Polo. With M2 that might change. Plus Exodus will implement Factoids.

By the way: Where is visible how much FCT is on Polo?

[CanaryInTheMine]

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

The devs might not care but don't forget about crooked POLONIEX and there margin trading scams that manipulate the price day in and day out. They're corrupt to the bone!

almost 3 million factoids are help at polo... what would happen if people withdrew 1/3 or 2/3 into their own wallets?
how many of the factoids do you all believe to be constantly loaned out or how much downward pressure do the 3 million factoids stored at polo create?

That's another very interesting point: Most likely there is also some pressure on the price because too many don't like the current GUI etc and hold their Factoids on Polo. With M2 that might change. Plus Exodus will implement Factoids.

By the way: Where is visible how much FCT is on Polo?

https://factoid.live/
the 1st address on the rich list is believed to be polo

[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.

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

The devs might not care but don't forget about crooked POLONIEX and there margin trading scams that manipulate the price day in and day out. They're corrupt to the bone!

almost 3 million factoids are help at polo... what would happen if people withdrew 1/3 or 2/3 into their own wallets?
how many of the factoids do you all believe to be constantly loaned out or how much downward pressure do the 3 million factoids stored at polo create?

That's another very interesting point: Most likely there is also some pressure on the price because too many don't like the current GUI etc and hold their Factoids on Polo. With M2 that might change. Plus Exodus will implement Factoids.

By the way: Where is visible how much FCT is on Polo?

https://factoid.live/
the 1st address on the rich list is believed to be polo

Okay, it's possible. Another possibility would be the Factom-foundation. But since that address has a lot of deposits - Poloniex could be more likely. No out-transactions btw.

http://explorer.factom.org/address/FA25J1QymXgkk5FwLfu7dePKsK1CxZM4saLMBJYRWvwoDp8WSx9y