[ANN] FACTOM - Introducing Honesty to Record-Keeping

[tempus]

Who is selling? Whoever believes that the risk of a falling price is higher than the chance that it goes up. Thing is: Many are not aware about what will come but short-term-reacting on the Bitcoin-rollercoaster. I believe that's a mistake, because M2 will be fully released within days, maybe just hours:

If so, why not a pre pump of all the insiders like last time?
And isn't the release already priced in ?

I think a lot of investors are put off by those insider traders which happens quite often in factom compared to other coins.
Last time it was quite obvious. Nobody knew the exact time and it was speculated for month when M2 will be released but they pumped it really in time, so this must have been insiders. And news selling is always insider if the news wasn't fully expected at this time.

Actually this is a really big downer for me.
I think Factom in general is great, but this is just annoying and sucks.

Price manipulation is not necessarily done by Insiders. And the price is manipulated since many many months. In my opinion it really started with enabled Margin Trading on Polo (Spring 2016 - march I believe). It also didn't need Insider-Infos to expect that they would start with M2.

And before all: If you look at the chart in $ it doesn't even look that un-natural:




But, like said: It's manipulated of course. But I also believe that there was accumulation and not a pump yet. Plus: Since many never felt good with the wallet, there is too much on the exchanges. That is likely to change with the new wallet and especially once exodus will have finished the implementation (February).

Another plus: It never took too long that Factom released good news on the business-front. I would make a bet that 2017 will bring us some nice surprises.

Conclusion: It's all good in my opinion!

[crazyivan]

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...

Nice post btw. Didn't you call the early-November (I think?) BTC drop hours before? Or was that someone else ...?

Thanks, yes that would be me.

BTC bounce started so let's see what happens. Usually it's on the downside of the first bounce that the Alts can start up. Whales want to feel safe knowing BTC is in a stable place far from peak first before taking action. This BTC bounce could last a week or so to about 1050-1075. Then a couple weeks of sliding down and stabilizing at a lower level like where we are now in the low 900s. That will be the sweet spot for FCT.

I agree. Been following Factom for a while now. Alts are showing signs of a meteoric rise soon to come. I've been trading crypto for years, and knowing when to invest in alts is key (there are long bull and bear trends, and I think many people stuck with alts during the past 6 months only to suffer losses while bitcoin continued to gain). I think alts are turning around now. Check out this altcoin index: T&C 20 at www.altindex.io. It tracks historical performance of altcoins with live price updates. My crypto colleagues and I have been using it for a while now, but just made it public last month.

I think with alts on the rise, Factom's robust funding, M2 being rolled out now, and the Exodus wallet release shortly thereafter, Factom will have a very strong January and/or February.

That s a very strong statement and I sincerely hope u re right. I do also feel Factom s been somehow slow in showing its real price potential and it definitely takes place among top 3 crypto investment in 2017. If not the most attractive one. Since you have put a date on this expected growth, let s wait and see.

[D-Lux]

www.reddit.com/r/CryptoCurrency/comments/5mvmki/cryptocoins_by_developer_activity/

[dealeris]

www.reddit.com/r/CryptoCurrency/comments/5mvmki/cryptocoins_by_developer_activity/

Interesting data, thank you for sharing.

[crazyivan]

www.reddit.com/r/CryptoCurrency/comments/5mvmki/cryptocoins_by_developer_activity/

Damn, more active then BTC, that s something. Still, the price does not reflect that. How come? Why?

[CocoLibre]

www.reddit.com/r/CryptoCurrency/comments/5mvmki/cryptocoins_by_developer_activity/

Its clear Factom is the most active developer in the crypto space, not surprising that they got funded by billionaires when due diligence checks out.

[crazyivan]

I d like to hear word or two from the dev team. After all M2 implementation stated 10 days ago and since then we ve heard nothing.

Paul?

[willowfoot]

its because m2 is not online yet their still testing

really looking forward to testing out the foundation/exodus wallets.  Hopefully soon!

interesting POC by NEM, Land registry on the blockchain
https://www.youtube.com/watch?v=T5NATQSOWNs

[CanaryInTheMine]

I d like to hear word or two from the dev team. After all M2 implementation stated 10 days ago and since then we ve heard nothing.

Paul?

checkout factom foundation slack channel

[crazyivan]

I d like to hear word or two from the dev team. After all M2 implementation stated 10 days ago and since then we ve heard nothing.

Paul?

checkout factom foundation slack channel

Cant catch all details there. In short, what s the news? How long till M2 s fully operational?

[lolikop]

I d like to hear word or two from the dev team. After all M2 implementation stated 10 days ago and since then we ve heard nothing.

Paul?

checkout factom foundation slack channel

Cant catch all details there. In short, what s the news? How long till M2 s fully operational?

Im pretty sure its gonna be delayed for another month or two, its getting normal here @fct

news, announcements, hype, and still nothing just false hopes..

sell all ur stash, ill take over and hope for the best 

[jay8291]

I d like to hear word or two from the dev team. After all M2 implementation stated 10 days ago and since then we ve heard nothing.

Paul?

checkout factom foundation slack channel

Cant catch all details there. In short, what s the news? How long till M2 s fully operational?

I think it will be completed soon. Maybe 2-4 days more.

[crazyivan]

I d like to hear word or two from the dev team. After all M2 implementation stated 10 days ago and since then we ve heard nothing.

Paul?

checkout factom foundation slack channel

Cant catch all details there. In short, what s the news? How long till M2 s fully operational?

I think it will be completed soon. Maybe 2-4 days more.

Based on your best guess or based on something you ve read on the slack channel.

[marQQ]

I d like to hear word or two from the dev team. After all M2 implementation stated 10 days ago and since then we ve heard nothing.

Paul?

checkout factom foundation slack channel

Cant catch all details there. In short, what s the news? How long till M2 s fully operational?

I think it will be completed soon. Maybe 2-4 days more.

Based on your best guess or based on something you ve read on the slack channel.

tedscript [7:15 AM]
@paulsnow   master,we would like to know how long it will take to complete M2? The community feels uneasy now.

justingiles [7:15 AM]
why u guys freakin out

[7:15] 
lol

justingiles [7:21 AM]
@tedscript  it going to blow up anytime dont worry

paulsnow [7:41 AM]
@tedscript  we are close.

So start buying bastards

[Mrfrismint]

I d like to hear word or two from the dev team. After all M2 implementation stated 10 days ago and since then we ve heard nothing.

Paul?

checkout factom foundation slack channel

Cant catch all details there. In short, what s the news? How long till M2 s fully operational?

I think it will be completed soon. Maybe 2-4 days more.

Based on your best guess or based on something you ve read on the slack channel.

tedscript [7:15 AM]
@paulsnow   master,we would like to know how long it will take to complete M2? The community feels uneasy now.

justingiles [7:15 AM]
why u guys freakin out

[7:15] 
lol

justingiles [7:21 AM]
@tedscript  it going to blow up anytime dont worry

paulsnow [7:41 AM]
@tedscript  we are close.

So start buying bastards

People expect every day something, which is unrealistic. If you are impatient, just go to the casino, where you can see a result of your action every minute. In case you get nervous, because you don't hear anything for a few days, then you are investing with money you can't afford to lose. Also not wise to do. We are talking about tech here, and tech needs time. Especially when something big like M2 is launching, there can be many things to solve by the dev team before it really runs smoothly.

And to add to this: Every minute FCT devs take from their valuable development time to give an update here is a bonus. I rather see them doing their coding job, instead of writing stories here to be honest. FCT holders are in no way investors. None of our money flows to Factom for development. It's just your own money sitting on polo or in a wallet.

[crazyivan]

I d like to hear word or two from the dev team. After all M2 implementation stated 10 days ago and since then we ve heard nothing.

Paul?

checkout factom foundation slack channel

Cant catch all details there. In short, what s the news? How long till M2 s fully operational?

I think it will be completed soon. Maybe 2-4 days more.

Based on your best guess or based on something you ve read on the slack channel.

tedscript [7:15 AM]
@paulsnow   master,we would like to know how long it will take to complete M2? The community feels uneasy now.

justingiles [7:15 AM]
why u guys freakin out

[7:15] 
lol

justingiles [7:21 AM]
@tedscript  it going to blow up anytime dont worry

paulsnow [7:41 AM]
@tedscript  we are close.

So start buying bastards

People expect every day something, which is unrealistic. If you are impatient, just go to the casino, where you can see a result of your action every minute. In case you get nervous, because you don't hear anything for a few days, then you are investing with money you can't afford to lose. Also not wise to do. We are talking about tech here, and tech needs time. Especially when something big like M2 is launching, there can be many things to solve by the dev team before it really runs smoothly.

And to add to this: Every minute FCT devs take from their valuable development time to give an update here is a bonus. I rather see them doing their coding job, instead of writing stories here to be honest. FCT holders are in no way investors. None of our money flows to Factom for development. It's just your own money sitting on polo or in a wallet.

Interesting. If this is the way Factom team would even consider thinking, they should have expressed this attitude before ICQ was finalized. I d like to see where Factom would be now without that initial round of funding. Anyway, it s obvious the market s restless and it might go either way. If one post about what s going on once in TEN DAYS would prevent another panic sale which would crush the price again, yes please, I d like to see that.

If you prefer companies to keep infos and progress updates hidden and  if u  re obviously bothered by transparency, please move to North Korea, I m sure Mr. Kim would like to hear some of your ideas.

[Mrfrismint]

Interesting. If this is the way Factom team would even consider thinking, they should have expressed this attitude before ICQ was finalized. I d like to see where Factom would be now without that initial round of funding. Anyway, it s obvious the market s restless and it might go either way. If one post about what s going on once in TEN DAYS would prevent another panic sale which would crush the price again, yes please, I d like to see that.

If you prefer companies to keep infos and progress updates hidden and  if u  re obviously bothered by transparency, please move to North Korea, I m sure Mr. Kim would like to hear some of your ideas.

Well, get yourself to Slack and you will see many more updates than every 10 days. Besides that there is a lot of activity on Github, which you can track. I am glad Factom does not have an employee responsible for 'giving CrazyIvan some mental rest', lol. Would be a waste of money, talking about 'where would Factom be without funds', lol. If people panic sell because they don't see a dev here on this forum for 10 days, I can only laugh and happily buy the coins from them.

[crazyivan]

Interesting. If this is the way Factom team would even consider thinking, they should have expressed this attitude before ICQ was finalized. I d like to see where Factom would be now without that initial round of funding. Anyway, it s obvious the market s restless and it might go either way. If one post about what s going on once in TEN DAYS would prevent another panic sale which would crush the price again, yes please, I d like to see that.

If you prefer companies to keep infos and progress updates hidden and  if u  re obviously bothered by transparency, please move to North Korea, I m sure Mr. Kim would like to hear some of your ideas.

Well, get yourself to Slack and you will see many more updates than every 10 days. Besides that there is a lot of activity on Github, which you can track. I am glad Factom does not have an employee responsible for 'giving CrazyIvan some mental rest', lol. Would be a waste of money, talking about 'where would Factom be without funds', lol. If people panic sell because they don't see a dev here on this forum for 10 days, I can only laugh and happily buy the coins from them.

Nice, I m glad you relation to the Factom is equal to my relation to NASA. In order words, you can wish and be glad for whatever you want, nobody cares about your opinion. Maybe one day u ll learn importance of good business practice. Happy hunting pump and dump schemes, hope to see Factom out of these.

[Mrfrismint]

Interesting. If this is the way Factom team would even consider thinking, they should have expressed this attitude before ICQ was finalized. I d like to see where Factom would be now without that initial round of funding. Anyway, it s obvious the market s restless and it might go either way. If one post about what s going on once in TEN DAYS would prevent another panic sale which would crush the price again, yes please, I d like to see that.

If you prefer companies to keep infos and progress updates hidden and  if u  re obviously bothered by transparency, please move to North Korea, I m sure Mr. Kim would like to hear some of your ideas.

Well, get yourself to Slack and you will see many more updates than every 10 days. Besides that there is a lot of activity on Github, which you can track. I am glad Factom does not have an employee responsible for 'giving CrazyIvan some mental rest', lol. Would be a waste of money, talking about 'where would Factom be without funds', lol. If people panic sell because they don't see a dev here on this forum for 10 days, I can only laugh and happily buy the coins from them.

Nice, I m glad you relation to the Factom is equal to my relation to NASA. In order words, you can wish and be glad for whatever you want, nobody cares about your opinion. Maybe one day u ll learn importance of good business practice. Happy hunting pump and dump schemes, hope to see Factom out of these.

If you would follow my posts here a bit better mister nervous boy, you know I am a long term holder and own quite a bit of FCT. I follow this forum so now and then. People like Pap0u and you are in my opinion the parasites of this forum. Exactly the reason why most of the people here left to the slack channel, to not only having to read your price related nonsense anymore, but to talk a bit more in depth about the project.

[coinling]

Some questions just arised for me :

When some big companies or even states want to use Factom and there are not enough Entry Credits on the market. Will Factom just be able to create new ones ?
I mean this is in their interest to serve big companies and to become bigger. But how are Factoid holders secured to not have some big inflations scenario coming from chaning their code in their own interest ?

How does the company make money at all ?


Factoids are like Ether gas , so just fee's right ?

How does the coin inflation algorythm of Factoids look like?

So let's say a big companies buys Entry Credits, therefore Factoids are burned, how many new ones are created, how are they spread etc.?