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Author Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping  (Read 2109893 times)
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March 20, 2017, 04:14:27 PM
 #7941

Factom broke 100 million records today, a small initial milestone for the system as most of this activity is POC testing and not full commercialization. Should get very interesting once we start to see some of the larger MOUs(Ancun/Smartrac) turn on later in the year.

FACTOM LIVE USAGE

The Factom Foundation's protocol is already in use, and it's growing every day.

100,002,181 Records 7,226,028 Entries 80,816 Anchors

That's pretty amazing, quite an active usage already.

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March 20, 2017, 06:52:29 PM
 #7942

factom is cool,but its one of the ugliest book on polo  Sad

what the incentive buying FCT ?

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March 20, 2017, 07:50:18 PM
 #7943

Quote
Still 0.1 cent of Factoids are burned per entry credit, some companies just overpay to avoid the hassle.

Have you ever heard of a "cent" of a Factoid? It is cent of a dollar. 1 dollar will give you 1000 entry credits.

Entry credit price is unrelated to Factoid market price!
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March 20, 2017, 08:01:57 PM
 #7944

A very imporant question that has not been answered yet; How many EC will I get for a FCT?
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March 20, 2017, 08:11:47 PM
 #7945

A very imporant question that has not been answered yet; How many EC will I get for a FCT?

1 EC = 0.1$

If you bought 1 factoid for 3$ you get 3/0.1 = 30 ECs.
If you bought 1 factoid for 4$ you get 4/0.1 = 40 ECs.
If you bought 1 factoid for 200$ you get 200/0.1 = 2000 ECs.

If you need 30 ECs, you just buy some factoids on 3$.

Может ли домашка восьмиклассника стоить 1 биток?  Huh Рынок крипты перегрет, но перегрет ли рынок головоломок с криптой? Как можно прятать свои биточки от посторонних глаз? Huh Разгадываем недавние давние головоломки Энди Бауча вместе
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March 20, 2017, 08:22:10 PM
 #7946

If demand is high price of FCT in dollars will go up then I will get much EC for each FCT which will lower the demand.

If demand is low price of FCT in dollars will o down and I will get little EC for each FCT which will make demand higher.

I can not see any possibility of FCT skyrocketing to Alpha Centauri, do you?
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March 20, 2017, 08:24:16 PM
 #7947

Quote
1 EC = 0.1$

You are wrong. This is right:

1 EC = 0.1 cent = 0.0001$
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March 20, 2017, 08:38:26 PM
 #7948

Quote
1 EC = 0.1$

You are wrong. This is right:

1 EC = 0.1 cent = 0.0001$
You're right, but the meaning is the same.

Factom has many clients today. Their demand is very big. Only one possible thing for providing their demand that is high price of factoids to provide lots of ECs.

Может ли домашка восьмиклассника стоить 1 биток?  Huh Рынок крипты перегрет, но перегрет ли рынок головоломок с криптой? Как можно прятать свои биточки от посторонних глаз? Huh Разгадываем недавние давние головоломки Энди Бауча вместе
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March 20, 2017, 08:53:59 PM
 #7949

If factoid price will be high you will get many EC for a FCT and the demand will drop. Factom has many clients but I dubt that more than a few use factoids.
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March 20, 2017, 09:05:53 PM
 #7950

If factoid price will be high you will get many EC for a FCT and the demand will drop.
Why? ECs are needed constantly and it's single-time. Factom gives their customers software which works on ECs. If simplistic factom gives you your own database and you can add into it your information only if you have ECs.

Может ли домашка восьмиклассника стоить 1 биток?  Huh Рынок крипты перегрет, но перегрет ли рынок головоломок с криптой? Как можно прятать свои биточки от посторонних глаз? Huh Разгадываем недавние давние головоломки Энди Бауча вместе
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March 20, 2017, 09:06:06 PM
 #7951

If factoid price will be high you will get many EC for a FCT and the demand will drop. Factom has many clients but I dubt that more than a few use factoids.

You obviously have no idea about potential of this coin when data storing is in question. We potentially talk about BILLIONS of entries per day. Let me remind you Factom s recorded just over 7 million entires over the last year or so of the testing phase.

Again, compare that to billions of data entries per day. Do you have any idea how big is global mortgage market? How big is the need for storing of other financial data? Medical records? Etc, etc.

All in all, move on, go back to whatever coin you seem appropriate for you and I wish you good luck from the bottom of my heart.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
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March 20, 2017, 09:20:19 PM
 #7952


Again, compare that to billions of data entries per day. Do you have any idea how big is global mortgage market? How big is the need for storing of other financial data? Medical records? Etc, etc.
++
OR stock exchanges http://thedashtimes.com/2016/08/11/datayes-and-factom-collobrate/
Or smart cities in China.
Or big data.


Может ли домашка восьмиклассника стоить 1 биток?  Huh Рынок крипты перегрет, но перегрет ли рынок головоломок с криптой? Как можно прятать свои биточки от посторонних глаз? Huh Разгадываем недавние давние головоломки Энди Бауча вместе
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March 21, 2017, 08:11:02 AM
 #7953

If I belive in Factom why should I not buy Factom stocks instead of factoids?

So go buy stocks, what s the problem there?

I really do not understand troll mentality here. If you do not like some coin/token/service and you like some other coin/token/service, why you waste time and energy on the thread of coind/token/service you dislike? Sell you stuff and move to that side where you feel comfortable, right?

There s big difference between stock and token, in terms of potential reward but also in terms of actual investment.

Most of people here come and cry how come Factom has not duplicated Dash price rise. Let me go back to these people and ask them, why didnt u buy Dash or Ether or Zcash or whatever when it was $1? Exactly due to the same reason you do not buy Factom now, u probably spent time on their forums saying how those coins re shit. That kind of mentality makes you start appreciating something once it has skyrocked in price. At that point, it s too late, my friends.

You need to seize the opportunity BEFORE it has started to grow and expand. That s the whole point of investing.

+1. Nicely said, crazyivan.
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March 21, 2017, 08:21:37 AM
 #7954

If I belive in Factom why should I not buy Factom stocks instead of factoids?

So go buy stocks, what s the problem there?

I really do not understand troll mentality here. If you do not like some coin/token/service and you like some other coin/token/service, why you waste time and energy on the thread of coind/token/service you dislike? Sell you stuff and move to that side where you feel comfortable, right?

There s big difference between stock and token, in terms of potential reward but also in terms of actual investment.

Most of people here come and cry how come Factom has not duplicated Dash price rise. Let me go back to these people and ask them, why didnt u buy Dash or Ether or Zcash or whatever when it was $1? Exactly due to the same reason you do not buy Factom now, u probably spent time on their forums saying how those coins re shit. That kind of mentality makes you start appreciating something once it has skyrocked in price. At that point, it s too late, my friends.

You need to seize the opportunity BEFORE it has started to grow and expand. That s the whole point of investing.

+1. Nicely said, crazyivan.

olarsson just asked why not buy factom stocks at bttf instead of factoids. That´s not trolling in my opinion. Or do i understand it wrong?


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March 21, 2017, 09:38:29 AM
 #7955

If factoid price will be high you will get many EC for a FCT and the demand will drop. Factom has many clients but I dubt that more than a few use factoids.

You obviously have no idea about potential of this coin when data storing is in question. We potentially talk about BILLIONS of entries per day. Let me remind you Factom s recorded just over 7 million entires over the last year or so of the testing phase.

Again, compare that to billions of data entries per day. Do you have any idea how big is global mortgage market? How big is the need for storing of other financial data? Medical records? Etc, etc.

All in all, move on, go back to whatever coin you seem appropriate for you and I wish you good luck from the bottom of my heart.
So much slow ...
Should I hold or sell FCT now??
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March 21, 2017, 11:04:34 AM
 #7956


Quote
That's pretty amazing, quite an active usage already.

Yes now you only have to explain how the success in user increase will affect FCT price so that it goes to astronomical Alpha Centauri levels.

It is not so that if a chewing gum company is successfull each chewinggum will cost $1000.
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March 21, 2017, 11:44:07 AM
 #7957


<snip>

So much slow ...
Should I hold or sell FCT now??

Code:
Factom you got to let me know
Should I hold or should I go?
If you say that you are mine
I'll be here 'til the end of time
So you got to let me know
Should I hold or should I go

--The Clash ...adapted a bit

Sorry couldn't resist.
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March 21, 2017, 02:02:18 PM
 #7958

FCT now is in the new Alt19+ Index,

FCT is still included in the oldest Altcoin Market Index Alt19 as well

trading volume over the last 30 days is $ 32'939'355 (Poloniex)
according to alt19.com.

Altcoin Historical Data (2014, 2015, 2016, 2017) alt19.com
Use BitcoinWisdom? Try AltcoinMagic!
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March 21, 2017, 02:52:58 PM
 #7959

For those traders holding for the same behaviour other top alts are exhibiting, it's coming. There has been massive accumulation in the 32-35 range for the past few days. Hold strong. Easy estimate is x2 from here.
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March 21, 2017, 05:15:55 PM
 #7960

FCT now is in the new Alt19+ Index,

FCT is still included in the oldest Altcoin Market Index Alt19 as well

trading volume over the last 30 days is $ 32'939'355 (Poloniex)
according to alt19.com.

According to Alt19+ index
FCT has grown only 6% in a month and 30% in 3 months.
which is low as expected .. we have seen to ETH, DASH , ETC And REP .
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