[ANN] FACTOM - Introducing Honesty to Record-Keeping

[poptop]

Why?

1) Available Supply: 23,197,984,664 SC
2) Renting your space on hard drive is very cheap now (and earlier) and many users don't want to do it with no profit.
3) Software is still bad. And there's no progress but only posting how cloud storage is perspective.
4) The coins are being mined in dual mode with top coins and sold at any price.
5) There're many projects who doing some thing.

[BlackJacky]

I haven't read a lot about Exodus but I also don't understand why I should put my fct into Exodus. It is a desktop wallet? Why should it be more safe than a professional exchange like polo? Im open for other arguments...

Ive heard a podcast from McAffee and he is saying that ONLY a hard wallet with a OWN display is 100% safe. Everything else can be hacked. I wait until Trezor is adding Factom...

[mtnsaa]

I haven't read a lot about Exodus but I also don't understand why I should put my fct into Exodus. It is a desktop wallet? Why should it be more safe than a professional exchange like polo? Im open for other arguments...

Ive heard a podcast from McAffee and he is saying that ONLY a hard wallet with a OWN display is 100% safe. Everything else can be hacked. I wait until Trezor is adding Factom...

Are you serious? I know that Poloniex is a trusted exchange (well as far as Bitcoin exchanges go) but if you don't install weird stuff and you are behind a firewall, really...there's no absolute need for a cold wallet option. The cold wallet devs could make mistakes too you know and there could be a backdoor there just the same.

Back to Poloniex, Mt. Gox and Cryptsy days are long gone but we've recently had Bitfinex hack, a hack to Poloniex will be just as devastating to cryptocurrencies if not more, especially high volume ones like Ethereum, Monero and yes Factom (there's a lot of Factom in Poloniex). Exchanges are huge targets, everyday they are targeted. The chances you get your BTC/FCT stolen from your computer if you don't do a huge mistake yourself is very very low in my opinion. Also Exodus will soon work with cold wallet companies like Ledger and Trezor.

Anyway, I understand that more security should be a priority but people are just too paranoid these days (or use Windows lol).

[tempus]

I haven't read a lot about Exodus but I also don't understand why I should put my fct into Exodus. It is a desktop wallet? Why should it be more safe than a professional exchange like polo? Im open for other arguments...

Ive heard a podcast from McAffee and he is saying that ONLY a hard wallet with a OWN display is 100% safe. Everything else can be hacked. I wait until Trezor is adding Factom...

I'm also one of the testers and can give you my view on it, how I plan to use it.

First: If you store funds on an exchange you don't have the private keys but they have. That's the most important aspect.

Second: I personally don't feel safe to store funds in any case on an online-device. I wouldn't use the Factom-wallet to store FCT and I also won't use exodus to store FCT.

What I did in the past, and with exodus it's much more fluent in future:

I generate a keypair offline, whenever I buy Factoids I send those to a cold-address and I only import a private key if I want to do a transaction - let's say back to Poloniex.

Why is Exodus so good? Because it's fast. I don't need to download the blockchain and wait until it's fully synced. I just open the wallet, type in or copy-paste the private key, funds show up and are ready to transact. Even if my device would be compromised, a potential hacker wouldn't be fast enough.

And in any case, also if funds are stored on a computer with exodus, it's much safer than storing it on any exchange. That's really something I wouldn't ever do when it's about more money. The number of hacked exchanges is much too high to ever feel safe and the Bitfinex-hack has proved that even exchanges with very good reputation are vulnerable.

[lolikop]

I haven't read a lot about Exodus but I also don't understand why I should put my fct into Exodus. It is a desktop wallet? Why should it be more safe than a professional exchange like polo? Im open for other arguments...

Ive heard a podcast from McAffee and he is saying that ONLY a hard wallet with a OWN display is 100% safe. Everything else can be hacked. I wait until Trezor is adding Factom...

I understand ur nickname now, u like to gamble, in that case yes sure polo is better for storage then a exodus wallet 

[crazyivan]

I haven't read a lot about Exodus but I also don't understand why I should put my fct into Exodus. It is a desktop wallet? Why should it be more safe than a professional exchange like polo? Im open for other arguments...

Ive heard a podcast from McAffee and he is saying that ONLY a hard wallet with a OWN display is 100% safe. Everything else can be hacked. I wait until Trezor is adding Factom...

I understand ur nickname now, u like to gamble, in that case yes sure polo is better for storage then a exodus wallet 

+1 to this. Keeping funds on exchange, any exchange is a VERY risky business. As I ve stated, there re numerous examples of exchange hacks and each and every one of these considered their exchange to be bulletproof.

[tempus]

Private-Key-Import with Exodus on Mac. Very easy and very fast:




And btw: Transactions in seconds.

You'll love it! Promise!

[poptop]

What's going on???

[heaven]

What's going on???

Pump group trying to pump FCT.

Some dumb person just market dumped into it? Maybe it was the pump team as a test dump before going higher.

Still don't get how people are dumping?

1 year ago there were 8,753,502 FCT coins.

Today there are 8,753,219 FCT coins.

A year later people still got coins to dump and ways to keep the price low? Screams lack of demand to me. Although price did go up 3x in the last 365 days so I guess that's something at least.

Lets see what this pump team can do with the help of Poloniex traders.

[poptop]

Who's the gpoup team? Is it a particular team or your suggestion?

[heaven]

Who's the gpoup team? Is it a particular team or your suggestion?

Just some guys on Twitter who have a lot of BTC hyping it up and saying it's a good buy and buying now. Then minutes later the pump started. So them and their Twitter followers started it. Probably a day or few days for them to accumulate. Hopefully the large FCT holders let the pump happen and help.

[poptop]

Just some guys on Twitter who have a lot of BTC hyping it up and saying it's a good buy and buying now. Then minutes later the pump started. So them and their Twitter followers started it. Probably a day or few days for them to accumulate. Hopefully the large FCT holders let the pump happen and help.

Could you give me their twitters? I'm watching twitter the whole day and been able to see nothing.

[Spartan36]

Do it any roadmap available for the next few months for Factom? What will key implementation we see? Conferences? Thank you for information. Regards

[R-J-F]

How are things progressing with DHS?

[Fern]

What's going on???

Pump group trying to pump FCT.

Some dumb person just market dumped into it? Maybe it was the pump team as a test dump before going higher.

Still don't get how people are dumping?

1 year ago there were 8,753,502 FCT coins.

Today there are 8,753,219 FCT coins.

A year later people still got coins to dump and ways to keep the price low? Screams lack of demand to me. Although price did go up 3x in the last 365 days so I guess that's something at least.

Lets see what this pump team can do with the help of Poloniex traders.

Also, any pump group will wait until there is an easy wallet for more punters to get involved. A combination of factors (excuse the pun) should make the next increase one to remember. Wallet, good news, M2 and an increase in new money to crypto

[BlackJacky]

I haven't read a lot about Exodus but I also don't understand why I should put my fct into Exodus. It is a desktop wallet? Why should it be more safe than a professional exchange like polo? Im open for other arguments...

Ive heard a podcast from McAffee and he is saying that ONLY a hard wallet with a OWN display is 100% safe. Everything else can be hacked. I wait until Trezor is adding Factom...

I'm also one of the testers and can give you my view on it, how I plan to use it.

First: If you store funds on an exchange you don't have the private keys but they have. That's the most important aspect.

Second: I personally don't feel safe to store funds in any case on an online-device. I wouldn't use the Factom-wallet to store FCT and I also won't use exodus to store FCT.

What I did in the past, and with exodus it's much more fluent in future:

I generate a keypair offline, whenever I buy Factoids I send those to a cold-address and I only import a private key if I want to do a transaction - let's say back to Poloniex.

Why is Exodus so good? Because it's fast. I don't need to download the blockchain and wait until it's fully synced. I just open the wallet, type in or copy-paste the private key, funds show up and are ready to transact. Even if my device would be compromised, a potential hacker wouldn't be fast enough.

And in any case, also if funds are stored on a computer with exodus, it's much safer than storing it on any exchange. That's really something I wouldn't ever do when it's about more money. The number of hacked exchanges is much too high to ever feel safe and the Bitfinex-hack has proved that even exchanges with very good reputation are vulnerable.

You convinced me tempus. I always like your approach on analyzing stuff.

[tempus]

I haven't read a lot about Exodus but I also don't understand why I should put my fct into Exodus. It is a desktop wallet? Why should it be more safe than a professional exchange like polo? Im open for other arguments...

Ive heard a podcast from McAffee and he is saying that ONLY a hard wallet with a OWN display is 100% safe. Everything else can be hacked. I wait until Trezor is adding Factom...

I'm also one of the testers and can give you my view on it, how I plan to use it.

First: If you store funds on an exchange you don't have the private keys but they have. That's the most important aspect.

Second: I personally don't feel safe to store funds in any case on an online-device. I wouldn't use the Factom-wallet to store FCT and I also won't use exodus to store FCT.

What I did in the past, and with exodus it's much more fluent in future:

I generate a keypair offline, whenever I buy Factoids I send those to a cold-address and I only import a private key if I want to do a transaction - let's say back to Poloniex.

Why is Exodus so good? Because it's fast. I don't need to download the blockchain and wait until it's fully synced. I just open the wallet, type in or copy-paste the private key, funds show up and are ready to transact. Even if my device would be compromised, a potential hacker wouldn't be fast enough.

And in any case, also if funds are stored on a computer with exodus, it's much safer than storing it on any exchange. That's really something I wouldn't ever do when it's about more money. The number of hacked exchanges is much too high to ever feel safe and the Bitfinex-hack has proved that even exchanges with very good reputation are vulnerable.

You convinced me tempus. I always like your approach on analyzing stuff.

The Exodus-Wallet is really like a missing piece in the puzzle, perfect complementary to offline-storage. Above I've posted some screenshot how easy it is to get a private key imported (to be fair: It's also very easy with the Factom-Wallet, but Exodus is faster because it doesn't need to sync).

[greentea]

The Exodus-Wallet is really like a missing piece in the puzzle, perfect complementary to offline-storage. Above I've posted some screenshot how easy it is to get a private key imported (to be fair: It's also very easy with the Factom-Wallet, but Exodus is faster because it doesn't need to sync).

When is the testing suppose to be done?

Anxious to try out the wallet ...

[tempus]

The Exodus-Wallet is really like a missing piece in the puzzle, perfect complementary to offline-storage. Above I've posted some screenshot how easy it is to get a private key imported (to be fair: It's also very easy with the Factom-Wallet, but Exodus is faster because it doesn't need to sync).

When is the testing suppose to be done?

Anxious to try out the wallet ...

My infos are that they want to test it for about two weeks and the release will be in March. Since testing goes very well it's hopefully early march.

[crazyivan]

The Exodus-Wallet is really like a missing piece in the puzzle, perfect complementary to offline-storage. Above I've posted some screenshot how easy it is to get a private key imported (to be fair: It's also very easy with the Factom-Wallet, but Exodus is faster because it doesn't need to sync).

When is the testing suppose to be done?

Anxious to try out the wallet ...

My infos are that they want to test it for about two weeks and the release will be in March. Since testing goes very well it's hopefully early march.

Yes, this seem to be the date they target, according to the available info. As far as I can see, it works really great, it does have a few minor issue but nothing which should postpone the official launch.