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Author Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping  (Read 2114381 times)
mtnsaa
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March 17, 2017, 02:24:08 PM
 #7901

Got it, thanks, but i don't think it will effect price too much.

some have theorized that price manipulation is occurring because of the INSANE amount of factoids are being loaned out which helps shorters etc...
the amount sitting on Polo is STAGGERING compared to the total supply.  many theorize that this is causing manipulations which would not occur if balances were not on polo

Exactly, people need a decent wallet. What Exodus has produced s perfect. Fast, east to use and quite safe. There will be no more cheap Factom for margin trade on Polo anymore.

afaik Exodus is also a 3rd party wallet..so any particular reason that it is safer than any exchange out there?


You have the private keys, not an exchange! That is a huge difference.

And: It's not needed to store Factoids with Exodus. Mine are on cold storage, generated with Papermill
on an offline-machine. But exodus makes it very easy to import and transact in less than a minute.



Made a screenshot some time ago (I'm one of the testers):


lets say if somehow oneday Exodus stop the service...where should my "private keys" to use at to recover my coins that storing there?or is this "private keys" is exactly the same private keys that we can use to import to client wallet?

Of course man, it's a wallet provider what do you expect? Of course you need to trust any wallet provider with your sensitive information (most of course maintain that the information never leaves your machine or web browser). They are very honest and hardworking people, you have their online profiles, photos and you can even call them on the phone if you need support!

They are also funded by VC so I wouldn't worry about any dishonesty here.
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March 17, 2017, 05:00:26 PM
 #7902

That wallet is looking mighty fine!

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crazyivan
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March 17, 2017, 06:29:33 PM
 #7903

It s also about time we get decent wallet. Factom s not a new token, it s been around for quite some time.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
belowizard
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March 17, 2017, 09:14:13 PM
 #7904

does anybody have the link to that excell sheet that shows the effect fct to ec conversion has on the price? ty
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March 17, 2017, 09:56:37 PM
 #7905

https://www.factom.com/newsroom/factom-launches-revolutionary-blockchain-mortgage-solution

Moжeт ли дoмaшкa вocьмиклaccникa cтoить 1 битoк?  Huh Pынoк кpипты пepeгpeт, нo пepeгpeт ли pынoк гoлoвoлoмoк c кpиптoй? Кaк мoжнo пpятaть cвoи битoчки oт пocтopoнниx глaз? Huh Paзгaдывaeм нeдaвниe дaвниe гoлoвoлoмки Энди Бayчa вмecтe
Redlion57
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March 18, 2017, 07:24:36 AM
 #7906


Here is the good link
 > https://factom.com/index.php?p=blog/factom-harmony
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March 18, 2017, 08:08:32 AM
 #7907


Quote
Posted: March 2, 2017 By Tiana Laurence

My was at 17.03.17 but now it is deleted. LOL. Someone released it before the time. Is it a good sign?

Moжeт ли дoмaшкa вocьмиклaccникa cтoить 1 битoк?  Huh Pынoк кpипты пepeгpeт, нo пepeгpeт ли pынoк гoлoвoлoмoк c кpиптoй? Кaк мoжнo пpятaть cвoи битoчки oт пocтopoнниx глaз? Huh Paзгaдывaeм нeдaвниe дaвниe гoлoвoлoмки Энди Бayчa вмecтe
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March 18, 2017, 09:49:28 AM
 #7908

Guys! Where do you store your factoids? I use their Enterprise Wallet but it never syncs up to 100% and doesn't represent the ballance correctly - it shows "0" whilst Factom Explorer shows that I do have some factoids on my adress. wtf?
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March 18, 2017, 10:22:19 AM
 #7909

Guys! Where do you store your factoids? I use their Enterprise Wallet but it never syncs up to 100% and doesn't represent the ballance correctly - it shows "0" whilst Factom Explorer shows that I do have some factoids on my adress. wtf?

Exodus wallet. In less then 2 weeks, they ll add Factom. We all eagerly wait for that.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
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March 18, 2017, 10:33:56 AM
 #7910

Guys! Where do you store your factoids? I use their Enterprise Wallet but it never syncs up to 100% and doesn't represent the ballance correctly - it shows "0" whilst Factom Explorer shows that I do have some factoids on my adress. wtf?

FCT loosing their investors ..
Can we see why FCT loosing their price and getting down..
Really slow slow coin
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March 18, 2017, 10:47:42 AM
 #7911

Guys! Where do you store your factoids? I use their Enterprise Wallet but it never syncs up to 100% and doesn't represent the ballance correctly - it shows "0" whilst Factom Explorer shows that I do have some factoids on my adress. wtf?

Exodus wallet. In less then 2 weeks, they ll add Factom. We all eagerly wait for that.

Yeah yeah. I know that. But what about now? Whant to buy some before that happens. Is Enterprise Wallet usable at all? Or what other options is there at the moment?
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March 18, 2017, 12:50:54 PM
 #7912

Guys! Where do you store your factoids? I use their Enterprise Wallet but it never syncs up to 100% and doesn't represent the ballance correctly - it shows "0" whilst Factom Explorer shows that I do have some factoids on my adress. wtf?

FCT loosing their investors ..
Can we see why FCT loosing their price and getting down..
Really slow slow coin

So move to some faster coin. You trolling this thread s not going to speed it up for sure. I ll keep my coins and wait for the price I want to see. Real investors re incredibility patient.

BTW, Factom s not losing investors, it can lose speculators who want to see 30% per day and love pumps and dumps. Not my type of people.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
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March 18, 2017, 04:25:22 PM
 #7913

Last chances to get in Smiley

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March 19, 2017, 09:29:34 AM
 #7914

Why do factoids have a value and what is a plausible value for a factoid?

In various circumstances I constantly see people calling the crypro currecy with the abreviation FCT for "Factom" when the correct name for the currency associated to the Factom project is Factoid.

Why do the cryptocurrency factoid have a value? It is possible to buy storeage space on the factom blockchan with it but I can also use dollars to do the same thing. The supply is not limited and the inflation in the future will be 73000 new factoids a month which is about 1% a month.

We all know that factom project is backed by Microsoft etc. But if I like to buy on factom blockchain storage I dont even need factoids. Factom project could very well be very suceessfull in the future, but that doesnt imply that the crypto currency factoid will have much higher value than it has right now.

What is your argument for that a factoid should have a much higher value in dollars than it has now. What is a fair value for a factoid according to you?
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March 19, 2017, 09:55:52 AM
 #7915

Why do factoids have a value and what is a plausible value for a factoid?

In various circumstances I constantly see people calling the crypro currecy with the abreviation FCT for "Factom" when the correct name for the currency associated to the Factom project is Factoid.

Why do the cryptocurrency factoid have a value? It is possible to buy storeage space on the factom blockchan with it but I can also use dollars to do the same thing. The supply is not limited and the inflation in the future will be 73000 new factoids a month which is about 1% a month.

We all know that factom project is backed by Microsoft etc. But if I like to buy on factom blockchain storage I dont even need factoids. Factom project could very well be very suceessfull in the future, but that doesnt imply that the crypto currency factoid will have much higher value than it has right now.

What is your argument for that a factoid should have a much higher value in dollars than it has now. What is a fair value for a factoid according to you?

Factoids can be converted to entry credits. If you buy entry credits directly from the store with dollars, Factom will do the conversion for you. Either way, if you store data on the Factom blockchain, Factoids will be burned.

An entry credit costs 0.1 cent and for the same value a Factoid will be burned. Would one Factoid be $ 1.00, 1000 entry credits would burn one whole Factoid.

So there will be inflation, but Factoids will also be burned. You could base the future value of one Factoid by your estimated usage. Let's say one billion entry credits would be used in one month:

1 billion x 0.1 cent = $ 1 million = value of Factoids being burned
To neither have inflation or deflation, the value of one Factoid should be
$ 1 million / 73,000 = $ 13,70

So the question is more what usage of entry credits you would be expecting, and calculate your own fair value of one Factiod
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March 19, 2017, 10:07:44 AM
 #7916

If someone buys entry credits with dollars where are those burned factoids taken from?

How much dollars does it cost to buy storage? A factoid could not be considered to be worth more than the equivalent dollar value that it costs to buy entry tokens for factom blockchain storage right?
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March 19, 2017, 12:47:46 PM
 #7917

Why do factoids have a value and what is a plausible value for a factoid?

In various circumstances I constantly see people calling the crypro currecy with the abreviation FCT for "Factom" when the correct name for the currency associated to the Factom project is Factoid.

Why do the cryptocurrency factoid have a value? It is possible to buy storeage space on the factom blockchan with it but I can also use dollars to do the same thing. The supply is not limited and the inflation in the future will be 73000 new factoids a month which is about 1% a month.

We all know that factom project is backed by Microsoft etc. But if I like to buy on factom blockchain storage I dont even need factoids. Factom project could very well be very suceessfull in the future, but that doesnt imply that the crypto currency factoid will have much higher value than it has right now.

What is your argument for that a factoid should have a much higher value in dollars than it has now. What is a fair value for a factoid according to you?

Factoids can be converted to entry credits. If you buy entry credits directly from the store with dollars, Factom will do the conversion for you. Either way, if you store data on the Factom blockchain, Factoids will be burned.

An entry credit costs 0.1 cent and for the same value a Factoid will be burned. Would one Factoid be $ 1.00, 1000 entry credits would burn one whole Factoid.

So there will be inflation, but Factoids will also be burned. You could base the future value of one Factoid by your estimated usage. Let's say one billion entry credits would be used in one month:

1 billion x 0.1 cent = $ 1 million = value of Factoids being burned
To neither have inflation or deflation, the value of one Factoid should be
$ 1 million / 73,000 = $ 13,70

So the question is more what usage of entry credits you would be expecting, and calculate your own fair value of one Factiod

This needs some pump

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March 19, 2017, 03:17:05 PM
 #7918

If someone buys entry credits with dollars where are those burned factoids taken from?

How much dollars does it cost to buy storage? A factoid could not be considered to be worth more than the equivalent dollar value that it costs to buy entry tokens for factom blockchain storage right?

Do you even read?
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March 19, 2017, 04:46:08 PM
 #7919

If someone buys entry credits with dollars where are those burned factoids taken from?

How much dollars does it cost to buy storage? A factoid could not be considered to be worth more than the equivalent dollar value that it costs to buy entry tokens for factom blockchain storage right?

Do you even read?

FCT/ FACTOM should be awared as the slowest coin of the era .. Tongue Grin

XMR PUMED  , ETH PUMPED , ECT Pumped , Zcash Pumped , DASH super PUMPED. ALL pumped almost double their previous value
BUT EXCEPT FCT DUMPED ..  Shocked Undecided
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March 19, 2017, 05:52:13 PM
 #7920

It looks like they are desperate to keep it down. Trading at the bottom of the support.
FCT moves on thin air, very few available, despite of what is supposedly available in the order book.
Just waiting for a pop =)
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