Factom s definitely pick number 1 on the market. The problem is the market does not know that cause the team does not know how to promote it. Unless the goal is not to promote its services to keep the price low. In that case, most of here re in the wrong market.
I recall you saying you're a seasoned crypto veteran, but you consistently act like you're completely new to the scene or just over-invested. People complained similarly about a lack of Ethereum PR just over one year ago. Back when /r/ethtrader had maybe 400 subs. I think their marketing was in the hands of some girl called Linda. No, it wasn't great, but look at where they're at now? Apparently, they didn't NEED the exposure and PR. They were far from a finished product back then. They still aren't.
Yes, yes, I ve heard that story before, not finished product, big stuff ahead, bright future, no need for marketing, it ll sell itself.
You know how many coin forum threads here on this forum contained those words and posts. Almost EVERY SINGLE ONE. Let me just name a few, Hyperstake! TEK coin. Then Solarcoin. Then Clam. NEM also. I could go on and on about the list of coins very even remember. Most of them are dead of about to die soon.
Why? Cause as in every other capitalist market, competition s very harsh and only the best ones survive. Also, every marketing expert will tell you a successful startup needs to invest as much as 50% of their revenues into marketing to keep the business afloat.
If you do take an average crypto portal, let say coindesk, look at their home page.
Out of 10 articles I see, 3 are about Etherum
http://www.coindesk.com/disruption-not-included-ethereum-alliance-spotlights-blockchains-startup-shift/http://www.coindesk.com/vitalik-buterin-calls-collaboration-enterprise-ethereum-launch/http://www.coindesk.com/big-corporates-unite-for-launch-of-enterprise-ethereum-alliance/How many of them is about Factom? How many articles you can find about Factom published in the last MONTH? I dont think you can find 3 in the entire February.
This means all attention goes to Ether, it s not that hard to figure that out. It also means every new investor getting into crypto ll end up in Ether or Dash, 99%.
So where s Factom in this story? We can argue Factom does not target small investors and it does not target institutional investors but it targets companies.
How are companies going to learn about Factom? Magic ball? Pigeon mail? How?
So you tell me in what universe it does not pay for Factom to do some good old fashioned marketing? Not cause they should pump up the token price. Because marketing brings CUSTOMERS, brings COMPANIES. Unless you re gonna argue they have so many clients they dont know what to do with them. You can follow Factom burn rate to figure that one out.
I understand I m gonna be attacked by usual cave trolls again telling me to move into Ether or North Pole but you see, I m an early ICQ investor and I want as much return for my buck. The only way I see that happening is for the world to hear about Factom. Not you or me, who ve been into crypto for ages, but ORDINARY companies who might need Factom service. If there s some other way to spread the news to them about a great product, please do educate me, always willing to learn something new.
Shoot trolls.
