[ANN] FACTOM - Introducing Honesty to Record-Keeping

[Less338]

a question that came up:
is there a complete total amount of FCT? will the process of burning/creating always be going on, or are the burned FCT somehow "reused"? if it goes on "forever", how so? are they being mined? even premined? thin air? thanks

73k coins will be created each month.

[willowfoot]

a question that came up:
is there a complete total amount of FCT? will the process of burning/creating always be going on, or are the burned FCT somehow "reused"? if it goes on "forever", how so? are they being mined? even premined? thin air? thanks

73k coins will be created each month.

You can view total coins here:
https://factoid.live/

73k coins will be created after M3 is launched.

But also remember coins will be burned as entry credits are used.

[belowizard]

thanks for the answers. my question just was, where these 73k factoids a month are coming from. are they being mined each month, premined or just created? just curious ..

[tempus]

thanks for the answers. my question just was, where these 73k factoids a month are coming from. are they being mined each month, premined or just created? just curious ..

After M3 Factom will be fully decentralized and run on federated servers which will be elected and rotate. The 73k Factoids are payment for those servers.

Edit: Until M3, which can be expected in 1 year or so, no Factoids will be created. That's why the supply is decreasing - through Factoid-to-Entry-Credit-conversion --> "burns" Factoids.

[lolikop]

thanks for the answers. my question just was, where these 73k factoids a month are coming from. are they being mined each month, premined or just created? just curious ..

After M3 Factom will be fully decentralized and run on federated servers which will be elected and rotate. The 73k Factoids are payment for those servers.

Edit: Until M3, which can be expected in 1 year or so, no Factoids will be created. That's why the supply is decreasing - through Factoid-to-Entry-Credit-conversion --> "burns" Factoids.

M3 will be released when price is stable @ x3 ATH which is 0.02607

[damnMscollec]

a question that came up:
is there a complete total amount of FCT? will the process of burning/creating always be going on, or are the burned FCT somehow "reused"? if it goes on "forever", how so? are they being mined? even premined? thin air? thanks

73k coins will be created each month.

You can view total coins here:
https://factoid.live/

73k coins will be created after M3 is launched.

But also remember coins will be burned as entry credits are used.

FCT is the most valueable coin in the future, btw, what does m3 mean?

[willowfoot]

where can we find the binaries to run the FF wallet?

Would like to try it out, they never added the URLs

[lolikop]

its because m2 is not online yet their still testing

[D-Lux]

FCT is the most valueable coin in the future, btw, what does m3 mean?

M = Milestone

M1: Launch/Release of the protocol (done)

M2: Entry Credit Store (done), Consensus-Algorithm for the protocol - the software supporting distributed processing of the Factom protocol. (pending)

M3: Election protocol - the last step to make Factom a decentralized system with federated servers under independent control.

[belowizard]

thanks for the answers. my question just was, where these 73k factoids a month are coming from. are they being mined each month, premined or just created? just curious ..

After M3 Factom will be fully decentralized and run on federated servers which will be elected and rotate. The 73k Factoids are payment for those servers.

Edit: Until M3, which can be expected in 1 year or so, no Factoids will be created. That's why the supply is decreasing - through Factoid-to-Entry-Credit-conversion --> "burns" Factoids.

M3 will be released when price is stable @ x3 ATH which is 0.02607

where is this info coming from?

[lolikop]

thanks for the answers. my question just was, where these 73k factoids a month are coming from. are they being mined each month, premined or just created? just curious ..

After M3 Factom will be fully decentralized and run on federated servers which will be elected and rotate. The 73k Factoids are payment for those servers.

Edit: Until M3, which can be expected in 1 year or so, no Factoids will be created. That's why the supply is decreasing - through Factoid-to-Entry-Credit-conversion --> "burns" Factoids.

M3 will be released when price is stable @ x3 ATH which is 0.02607

where is this info coming from?

Here:

https://www.lolikop.com/M3-release/speculation

[belowizard]

thanks for the answers. my question just was, where these 73k factoids a month are coming from. are they being mined each month, premined or just created? just curious ..

After M3 Factom will be fully decentralized and run on federated servers which will be elected and rotate. The 73k Factoids are payment for those servers.

Edit: Until M3, which can be expected in 1 year or so, no Factoids will be created. That's why the supply is decreasing - through Factoid-to-Entry-Credit-conversion --> "burns" Factoids.

M3 will be released when price is stable @ x3 ATH which is 0.02607

where is this info coming from?

Here:

https://www.lolikop.com/M3-release/speculation

i see. seems like a legit source ... bookmarked it right away

[belowizard]

thanks for the answers. my question just was, where these 73k factoids a month are coming from. are they being mined each month, premined or just created? just curious ..

After M3 Factom will be fully decentralized and run on federated servers which will be elected and rotate. The 73k Factoids are payment for those servers.

Edit: Until M3, which can be expected in 1 year or so, no Factoids will be created. That's why the supply is decreasing - through Factoid-to-Entry-Credit-conversion --> "burns" Factoids.

ok, i got it now thx for clearin up

[crazyivan]

thanks for the answers. my question just was, where these 73k factoids a month are coming from. are they being mined each month, premined or just created? just curious ..

After M3 Factom will be fully decentralized and run on federated servers which will be elected and rotate. The 73k Factoids are payment for those servers.

Edit: Until M3, which can be expected in 1 year or so, no Factoids will be created. That's why the supply is decreasing - through Factoid-to-Entry-Credit-conversion --> "burns" Factoids.

M3 will be released when price is stable @ x3 ATH which is 0.02607

where is this info coming from?

Here:

https://www.lolikop.com/M3-release/speculation

i see. seems like a legit source ... bookmarked it right away

Well if we d know for sure or have official forecast from FED, we d be millionaires in a few years. So yes, crypto trading s all about 10% TA and 90% feeling. Do you have it? What do you think?

[SupZ]

Hi,

is it safe to buy FCT at Poloniex?

And is it possible to store FCT at Omniwallet?

[MontyK]

Hi,

is it safe to buy FCT at Poloniex?

And is it possible to store FCT at Omniwallet?

Yes to Poloniex

No to Omniwallet

[SupZ]

Hi,

is it safe to buy FCT at Poloniex?

And is it possible to store FCT at Omniwallet?

Yes to Poloniex

No to Omniwallet

Thanks 

Is there any web based wallet?

[lolikop]

Hi,

is it safe to buy FCT at Poloniex?

And is it possible to store FCT at Omniwallet?

Yes to Poloniex

No to Omniwallet

Thanks 

Is there any web based wallet?

No but exodus wallet is coming soon just hold on

[mikethedikevanegan]

What factom news is coming in the immediate future?  Obviously factom has a great future, but news drives the price, so it's helpful for predictions.

[YoyodyneSystems]

Well now that's out of the way!

The window is almost open. Now just have to deal with a large BTC bounce this month and then FCT is clear for rise.
For the market mover .... their chance is almost here. Will probably hop up to 0.004-0.005 for a new floor soon to set the stage to 0.02-0.03 by end of February.

If they are the same people that moved XMR, then by now they have most of their funds out of that and ready for FCT. I have seen XMR rising slowly with large cashing out dumps at intervals. FCT just eats everything sold into it and keeps steady.

Could probably start sooner as the next BTC rise (if it comes) could occur in less time than previous rises. BTC is becoming more parabolic as the height of these rises increases. Although 6 month intervals seem to be the pattern so far it's actually 7.5 months between first two rises and this last one was only 6.5 months. That could put the next BTC rise in June at 5 or 5.5 months. The early stages of that rise scenario could start in mid April.

Making early to middle February the sweet spot as the XMR rise took 6 weeks to run the most important parts. 3 weeks for the main parts of the rise and another 3 weeks on the back side until the crashing really started. That XMR crashing started the moment BTC started ticking upward again.

Now just waiting...