[ANN] FACTOM - Introducing Honesty to Record-Keeping

[mig5000]

Yap, there is a Slack channel, someone posted a link a few days ago and it s not hard to find it. Still, I prefer Blog, Forum, anything static where crucial info s easier to find. Hunting down Factom staff over chat to ask them questions is not something I d like to do.

If you just consume (read) the slack channel so now and then, you will already be updated enough probably and there will likely be no need to 'hunt' them down for more questions. Others will do it for you. Now you are dependent on people who are on Slack to update you here. Don't think there is a point for them in doing so.

Please guys stop inviting Ivan to the slack channel. I stopped reading him here just because it's always the same whining going on and on and on. He is insecure and would need help tbh. Cannot wait for him to sell his FCT and move on to greener coins.

[Mrfrismint]

Yap, there is a Slack channel, someone posted a link a few days ago and it s not hard to find it. Still, I prefer Blog, Forum, anything static where crucial info s easier to find. Hunting down Factom staff over chat to ask them questions is not something I d like to do.

If you just consume (read) the slack channel so now and then, you will already be updated enough probably and there will likely be no need to 'hunt' them down for more questions. Others will do it for you. Now you are dependent on people who are on Slack to update you here. Don't think there is a point for them in doing so.

Please guys stop inviting Ivan to the slack channel. I stopped reading him here just because it's always the same whining going on and on and on. He is insecure and would need help tbh. Cannot wait for him to sell his FCT and move on to greener coins.

Probably you are right. Same behavior there would get him banned within minutes...

[crazyivan]

Yap, there is a Slack channel, someone posted a link a few days ago and it s not hard to find it. Still, I prefer Blog, Forum, anything static where crucial info s easier to find. Hunting down Factom staff over chat to ask them questions is not something I d like to do.

If you just consume (read) the slack channel so now and then, you will already be updated enough probably and there will likely be no need to 'hunt' them down for more questions. Others will do it for you. Now you are dependent on people who are on Slack to update you here. Don't think there is a point for them in doing so.

Please guys stop inviting Ivan to the slack channel. I stopped reading him here just because it's always the same whining going on and on and on. He is insecure and would need help tbh. Cannot wait for him to sell his FCT and move on to greener coins.

You re safe, do not plan to go to Factom slack, will continue winning here. Will notify you the moment I sell my Factoids so you can continue living your happy cyber life without my presence since you have been contributing that much to the entire crypto scene. Besides that, I d rather read something else here as well but THEY DONT POST WHAT S GOING ON! That s the whole point. But I guess some people hate transparency.

[CyanFox]

Factom devs have not committed themselves in any way to this forum. Name one company who give weekly updates to shareholders? Not a single company does. Let them do their thing and if you are nervous about not getting weekly updates, then just don't invest. And on top of this: holding Factoids is by far the same as holding shares in Factom. So here is your answer @Crazyivan: pure holders of Factoids (not contributing in any sense to dev work) are not important at all to Factom. Why would they? It does not influence the business at all. The money people spend on Factoids is not going to Factom, so why would they take the time to write news every week if there is no news? How can there be news every week in the first place? If you sell your factoids because Factom doesn't update you often enough, then anybody else who doesn't care about weekly updates but just about the bigger picture, happily buys your factoids. But I guess this message will have again no effect on the die hard whiners...

Yes, factom is so awesome, ico was 0.0005 btc per token, current price is 0.003+ btc, huge gain project. The team is hard working and update on slack and twitter.

[mig5000]

Yap, there is a Slack channel, someone posted a link a few days ago and it s not hard to find it. Still, I prefer Blog, Forum, anything static where crucial info s easier to find. Hunting down Factom staff over chat to ask them questions is not something I d like to do.

If you just consume (read) the slack channel so now and then, you will already be updated enough probably and there will likely be no need to 'hunt' them down for more questions. Others will do it for you. Now you are dependent on people who are on Slack to update you here. Don't think there is a point for them in doing so.

Please guys stop inviting Ivan to the slack channel. I stopped reading him here just because it's always the same whining going on and on and on. He is insecure and would need help tbh. Cannot wait for him to sell his FCT and move on to greener coins.

You re safe, do not plan to go to Factom slack, will continue winning here. Will notify you the moment I sell my Factoids so you can continue living your happy cyber life without my presence since you have been contributing that much to the entire crypto scene. Besides that, I d rather read something else here as well but THEY DONT POST WHAT S GOING ON! That s the whole point. But I guess some people hate transparency.

I usually try to avoid conflict , but you are the biggest asshole and idiot I have encountered in years of BTCing and had to say it. You are acting like a spoiled kid. Everyone is trying to help you, yet every day you come back with your same bickering. Everytime there is a couple days period w/o news you come in here bitching. In fact if you weren't such a dumb tool you would see how much work is being done on the network. There was a reddit post with the most contribution to the github and FCT was there on top with BTC.  We don't have to hold your hand everyday because you suffer from your insecurity and anxiety.

[crazyivan]

Yap, there is a Slack channel, someone posted a link a few days ago and it s not hard to find it. Still, I prefer Blog, Forum, anything static where crucial info s easier to find. Hunting down Factom staff over chat to ask them questions is not something I d like to do.

If you just consume (read) the slack channel so now and then, you will already be updated enough probably and there will likely be no need to 'hunt' them down for more questions. Others will do it for you. Now you are dependent on people who are on Slack to update you here. Don't think there is a point for them in doing so.

Please guys stop inviting Ivan to the slack channel. I stopped reading him here just because it's always the same whining going on and on and on. He is insecure and would need help tbh. Cannot wait for him to sell his FCT and move on to greener coins.

You re safe, do not plan to go to Factom slack, will continue winning here. Will notify you the moment I sell my Factoids so you can continue living your happy cyber life without my presence since you have been contributing that much to the entire crypto scene. Besides that, I d rather read something else here as well but THEY DONT POST WHAT S GOING ON! That s the whole point. But I guess some people hate transparency.

I usually try to avoid conflict , but you are the biggest asshole and idiot I have encountered in years of BTCing and had to say it. You are acting like a spoiled kid. Everyone is trying to help you, yet every day you come back with your same bickering. Everytime there is a couple days period w/o news you come in here bitching. In fact if you weren't such a dumb tool you would see how much work is being done on the network. There was a reddit post with the most contribution to the github and FCT was there on top with BTC.  We don't have to hold your hand everyday because you suffer from your insecurity and anxiety.

Well, I also try to avoid conflict as well and will do that this time. This last post tells a lot about your intelligence and decency, let s call each other names, that s very mature and polite. I refuse to go down to that street level so you just continue insulting me if that makes you feel better. As soon as someone does not agree with you, let show our real nature. Nice, congrats.

Now let s get back to the topic. Factom posts on Twitter on Jan 3, "We will be bringing down the network starting today as part of our migration. We expect to complete this upgrade by tomorrow."
The network did not get up for 10 days. After that, 10 days more Polo s offline. So obviously something s being done. Now, I m not saying something s broken, this might be a very usual and regular way of implementing this stuff but I simply do not know that. Now, you tell me large Factom holders re not interested in knowing what s up? Is that really something people should argue here? Whether we should get informed about stuff once every two weeks or not? How is that bad? Why is that bad for Factom holders? Why would anyone NOT WANT to get informed by Factom every two weeks or so?

Here I ll stop cause if I continue I ll start calling you, mig5000, names as well and I m simply not that kind of person. I suggest you vent out a bit cause as soon someone rattles your cage and disagrees with you, you start insulting people.

Cheers bud.

[Pap0u]

Everyone here still waiting for some crazy pump? I exited at 360k, enough is enough with this project lol.

[CyanFox]

Everyone here still waiting for some crazy pump? I exited at 360k, enough is enough with this project lol.

There will be no huge pump again in recent future, the price will be fluctuating for some months until the good news release again.

[Byter88]

Factom website down, maybe theyre preparing for something 

[lolikop]

Factom website down, maybe theyre preparing for something 

Up again just a bug..

[Mushrooms]

I'm a little bit disappointed. I expected that we will go back to 600K after Federation Update.
But we went only 5-8% up. Now I worry that i didn't sell on that high

[poptop]

The price is going down that means advertising is everything. I want to earn. But I'm loosing now. I sold my fcts and I'll buy it again when its price will be cheaper.

[tempus]

Deposits and Withdrawals are enabled now on Polo. And github shows a lot of activity for factomd and enterprise-wallet:
https://github.com/FactomProject

I believe the chances are good that the issues are solved and that there will be an updated version soon.

[Hallum]

I have just bought some FCT for 3 days  and I can get a little bit profit from investing  and now it's still increasing everyday.
I expect it will be hottest altcoin in this year and many new changes will be released for this project.

[tempus]

I have just bought some FCT for 3 days  and I can get a little bit profit from investing  and now it's still increasing everyday.
I expect it will be hottest altcoin in this year and many new changes will be released for this project.

The chances for a rising price are good in my opinion. Reasons:

1) Factom was always very good for surprises on the business-front, that they announce new partnerships and so on.
2) Now that M2 is implemented it's likely to see increasing demand. I believe that most of all EC-demand until now, including existing partnerships, was because of tests.
3) Exodus will implement Factoids in February

And about the market:

1) Zero inflation until M3 but decreasing total supply - compared with other tokens it's a huge pro
2) Compared to some other projects and measured on Factoms potential, the marketcap is very low - currently $26,785,200.


All together: Very high potential

[dranster]

What is M3 and what will it do?

[tempus]

What is M3 and what will it do?

M3 = Milestone 3. It's the release of the election protocol, what basically means that the federated servers and audit servers (64 in summary) will be controlled by those who are elected to run them. Factom will be totally decentralized. As far as I understand it, it will be a rotating system.

 

[crazyivan]

I agree with Tempus, potential s high. However, we first need to make sure M2 s actually operational which nobody knows ATM cause there re no info.

[tempus]

I agree with Tempus, potential s high. However, we first need to make sure M2 s actually operational which nobody knows ATM cause there re no info.

I wouldn't say that there are no infos. They just don't repeat what they've already said and since they are on slack, they say it there - while important things are usually also quoted in here.

In my opinion the M2-situation was and is this:

They've started to roll out M2 and that was obviously not totally without problems. But it's a big release. Even the biggest billion-software-companies usually need a lot of updates after a software-release (I never download the first IOS-version, or the new OS for Mac, for example). So, it took some time and maybe it will take some more time until all is totally fluent. But the fact that exchanges are working now is a safe indicator that it's close to say: M2 implementation is finished - Factom is on another level from now on.

And that is what I expect. That they'll publish an announcement and release software updates for the wallet.

Just as a reminder for those who don't know what M2 is about, how big the release is and how meaningful:


Factom Federation is the second major release of the core Factom software. It includes several protocol changes and a networking change that gives us the ability to further upgrade the following:

Eight Federated Servers - Increased censorship resistance and globally distributed.

Eight Auditing Servers - 8 new auditing servers supporting the network.

Confirmations In Seconds Instead of Minutes - 600X improvement

More Transactions Per Second - 5X improvement.

Merkle Proofs More Accessible - Proof of Existence made easy with the factomd API.

Distributed Peer to Peer Network - Resistant to denial of service type attacks.

Graphic Control Panel For Nodes - Easily see the activities of the Factom network.

BIP 44 Wallet Support - Factoids can now be integrated into a wider range of wallets.

Robust Testing Infrastructure - New public test net and suite of testing tools.

Support For Multiple Blockchains - Bitcoin and Ethereum network.

Factom Federation is a significant upgrade from Factom Genesis. We will be rolling out Factom Federation and migrating our users, clients, and customers over the next few weeks.

- See more at: https://www.factom.com/blog/factom-federation-release#sthash.Dt9Y2Uq3.dpuf


And just btw: They've said themselves that it will be rolled out over the next few weeks. So the time they needed wasn't unexpected.

[crazyivan]

Thx for the Polo being fixed info. Wasn't aware of that at all.