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Author Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping  (Read 2108637 times)
tedmorning
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May 06, 2018, 12:24:28 AM
 #9181

Getting place! Maybe I will invest! looks crazy!
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There are several different types of Bitcoin clients. Header-only clients like MultiBit trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
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bitChipper
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May 07, 2018, 01:46:57 PM
 #9182

hej tempus
i know you are a long time in factom.
what is your opinion about the inflation rate of 73k factoids a month?
Do you think we will see a reduction in price in the coming months?
I'm not sure what to do, had expected the price to be a little bit more after M3.
I also expected that the community would be much bigger now but there are not many people left.
I know that factom is a genius project, but as an investment point of view i do not know if it will still be when those 73k factoids come on the market.
I also think that companies will not come out with news soon because why would they?
And if the NDA 's expires factom also will not bring out companys out of respect, I think.
So what remains to look forward for the coming months?
My wife says stay in factom Wink
In any case, factom has given me much more confidence than neucoin has ever done hahaha.
So how do you expect it to go in the coming months?
greetings

Hi factoo3!

You know me because of my rants against Neucoin? ;-)

Regarding your questions: No, I don't believe that the inflation that starts with M3 will have much if any negative effect on the price, because 1) in comparison to many other projects the inflation rate is not that high. 2) M3 is a big step and progress in the Factom-history and a base for much more.  
 

73k factoids created per month between 21 nodes, these are companies and groups running these nodes...people have to get paid.

Of course it will have an effect on price, they will be selling off these coins...

Things really not looking good for the price of FCT in 2018

In one year factom went from #18 on coin market cap to #97  Embarrassed
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May 07, 2018, 04:02:46 PM
 #9183

hej tempus
i know you are a long time in factom.
what is your opinion about the inflation rate of 73k factoids a month?
Do you think we will see a reduction in price in the coming months?
I'm not sure what to do, had expected the price to be a little bit more after M3.
I also expected that the community would be much bigger now but there are not many people left.
I know that factom is a genius project, but as an investment point of view i do not know if it will still be when those 73k factoids come on the market.
I also think that companies will not come out with news soon because why would they?
And if the NDA 's expires factom also will not bring out companys out of respect, I think.
So what remains to look forward for the coming months?
My wife says stay in factom Wink
In any case, factom has given me much more confidence than neucoin has ever done hahaha.
So how do you expect it to go in the coming months?
greetings

Hi factoo3!

You know me because of my rants against Neucoin? ;-)

Regarding your questions: No, I don't believe that the inflation that starts with M3 will have much if any negative effect on the price, because 1) in comparison to many other projects the inflation rate is not that high. 2) M3 is a big step and progress in the Factom-history and a base for much more.  
 

73k factoids created per month between 21 nodes, these are companies and groups running these nodes...people have to get paid.

Of course it will have an effect on price, they will be selling off these coins...

Things really not looking good for the price of FCT in 2018

In one year factom went from #18 on coin market cap to #97  Embarrassed


What is bad for the price is not that much the inflation which is not high at all compared to other projects. It's silence what is bad for the price, disappointment because people believed that M3 would also bring some bigger announcements. That did not happen yet, besides the FPT-partnership.

That's why the case is simple in my opinion: If there will be bigger announcements the price will surely react on that. If not it will react as well and yes, inflation would not be helpful in such a scenario of course.
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May 08, 2018, 07:43:26 PM
Merited by cesmak (1)
 #9184

Well one of the things to remember is that there are now 21 nodes ran by companies and groups of people that were chosen by factom inc because of what they can bring to the protocol or what use they can bring to it

So now instead of it only being Factom Inc trying to bring use to the protocol it will be alot more, I think what DChapman has done with Factomize is a great example.

Authority nodes will have a big incentive to bring use to the protocol and get more factoids burned since they are getting paid in factom to run their nodes.

I think that alot of people (myself included) were thinking M3 would be a big "finishing" event, when really it was just a pivot or turn in the direction of the project.

Why no price action?.....IMO its just because there are zero speculators....maybe the only way the factoid will ever see price action is because of real factoids being burned for real world use.
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May 08, 2018, 08:39:20 PM
 #9185

Thanks tempus for your time.
Was just curious about your opinion.
At this point I am almost hoping that there will be a mega crash so I can buy more.
Strange world crypto.....hoping for a mega crash......
But ye I think probably sooner a crash than a rise.
Good luck everybody😁
MrSunshine
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May 09, 2018, 10:22:48 AM
 #9186

Thanks tempus for your time.
Was just curious about your opinion.
At this point I am almost hoping that there will be a mega crash so I can buy more.
Strange world crypto.....hoping for a mega crash......
But ye I think probably sooner a crash than a rise.
Good luck everybody😁

A mega crash will occur some day, but likely from much higher valuations. The dip into early April was quite substantial, and was a good buying opportunity. Consensus is coming up and prices will likely rise.
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May 10, 2018, 06:49:33 PM
 #9187

Anybody using arbitrage opportunities on BCEX? Are deposits/withdrawals enabled?
bitChipper
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May 10, 2018, 09:59:27 PM
 #9188

Anybody using arbitrage opportunities on BCEX? Are deposits/withdrawals enabled?

I dont think so, but that exchange is really bringing down the avg on cmc
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May 12, 2018, 11:49:26 PM
 #9189

Anybody using arbitrage opportunities on BCEX? Are deposits/withdrawals enabled?

I dont think so, but that exchange is really bringing down the avg on cmc

I would always be careful with arbitrage opportunities, just saying. Sometimes there really is arbitrage opportunity, but often sometimes there are problems involved like wallets in maintenance on exchanges or a stuck blockchain or whatever. Make sure there is no severe problem before you start transferring large amounts to exploit arbitrage opportunities.

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bitChipper
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May 13, 2018, 10:35:58 PM
 #9190

Anybody using arbitrage opportunities on BCEX? Are deposits/withdrawals enabled?

I dont think so, but that exchange is really bringing down the avg on cmc

I would always be careful with arbitrage opportunities, just saying. Sometimes there really is arbitrage opportunity, but often sometimes there are problems involved like wallets in maintenance on exchanges or a stuck blockchain or whatever. Make sure there is no severe problem before you start transferring large amounts to exploit arbitrage opportunities.

Polo has been down for months anyways, I also would be cautious about arbitrage, especially on newer less trusted asian exchanges.
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May 16, 2018, 12:49:34 PM
 #9191

the team must start taking marketing measures, people buy shit without knowing anything about the factom, FCT it is a coin of the gods!

faragly
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May 17, 2018, 04:23:41 AM
 #9192

the team must start taking marketing measures, people buy shit without knowing anything about the factom, FCT it is a coin of the gods!
You strongly believe in this project. In my experience, I realized that you can not fall in love with the project, otherwise sanity is lost. Wink

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May 18, 2018, 03:56:44 AM
 #9193

the team must start taking marketing measures, people buy shit without knowing anything about the factom, FCT it is a coin of the gods!
You strongly believe in this project. In my experience, I realized that you can not fall in love with the project, otherwise sanity is lost. Wink

I saw a member of a facebook group post pictures of his margin account after monero had its first huge run up, he had around 300 btc after selling around the new all time high. Granted this was back in 2016 so btc was alot less back then but  everyone was asking him "oh, how did you do it?" or "dang, you must be an awesome trader".....the guy responded pretty plainly with:

"I kept buying and stuck with a project that i knew was legit"

People always say you shouldn't fall in love or be emotionally attached to a project, but say that to the same person who just saw their coin that they have been buying and supporting for years go 100x....

Ya you can diversify all you want but the key to making massive amounts of bitcoin when trading alts is to have a lot of bitcoin into an altcoin before it goes parabolic (obviously) and then everyone else realizes..."Oh, ya that coin is legit, no wonder it's pumping so hard"...it's the long time supporters and hodlers that make the most when a coin goes parabolic....

As gruesome as it is right now for factom.....call me delusional if you want....I still think it has this parabolic potential.....even if not yall can suck it, the btc i put into fct when i bought it is worth so much more now that i break even anyway.  Tongue
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May 18, 2018, 09:20:07 AM
 #9194

the team must start taking marketing measures, people buy shit without knowing anything about the factom, FCT it is a coin of the gods!
You strongly believe in this project. In my experience, I realized that you can not fall in love with the project, otherwise sanity is lost. Wink

When I found Factom in 2015, right after it hit Poloniex, and did my first research I came to this conclusions (of course it was a bit more complex):

- The team can be trusted that they are hard workers with a lot of expertise and I had zero doubts they would just give it up
- The economical model is one of the best, actually it is the best, I've ever seen. That was a major aspect for me, because it shows how thoughtful they are
- If a good time keeps on progressing the "psychological market" will kick in at some point... more practical: Just patience is needed
- At the moment: Fundamental progress is obvious and from what I read there is not much known yet in regards of bigger partnerships but the team seems to show a lot of confidence.

Under the line: The price is much higher now than it was in 2015, but the principle hasn't changed in my opinion. It still makes sense to just be patient because the probability that this goes completely wrong is much lower than the opposite in my opinion.
Flash86
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May 20, 2018, 06:45:54 AM
 #9195

Whats going on with Factom? It was one of best Crypto projects in 2016 and I saw the price is very low.

I have not followed the project for a year, can you tell me what development is going on now and what is the next milestone.

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May 20, 2018, 12:33:01 PM
 #9196

I like this coin. Factom has another round of financing to raise funds for the expansion of the project and look forward to greater development. I added it to my collection.

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May 20, 2018, 08:43:54 PM
 #9197

the team must start taking marketing measures, people buy shit without knowing anything about the factom, FCT it is a coin of the gods!
You strongly believe in this project. In my experience, I realized that you can not fall in love with the project, otherwise sanity is lost. Wink

When I found Factom in 2015, right after it hit Poloniex, and did my first research I came to this conclusions (of course it was a bit more complex):

- The team can be trusted that they are hard workers with a lot of expertise and I had zero doubts they would just give it up
- The economical model is one of the best, actually it is the best, I've ever seen. That was a major aspect for me, because it shows how thoughtful they are
- If a good time keeps on progressing the "psychological market" will kick in at some point... more practical: Just patience is needed
- At the moment: Fundamental progress is obvious and from what I read there is not much known yet in regards of bigger partnerships but the team seems to show a lot of confidence.

Under the line: The price is much higher now than it was in 2015, but the principle hasn't changed in my opinion. It still makes sense to just be patient because the probability that this goes completely wrong is much lower than the opposite in my opinion.
I have a lot of patience, I will keep FCTs up to my goals. I just stopped buying, decided to diversify my portfolio and not be tied to one project.

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May 21, 2018, 05:42:55 PM
 #9198


Recent Paul Snow Quote

"Come to Austin, we'll have some BBQ (or salad... It's a foodie town, and I'd eat anything) and I'll remind you over a beer (or some artisan water) why we are unique among crypto, show you where even big projects like hyperledger are trying to emulate what we are doing, and show you why we are still five steps ahead. Factom implemented segwit before segwit even was a term, and we did it in a massively more complete way. We addressed the decentralization issue with mining pools by simply buying our proof of work, and introduced the term "anchoring" to the space. In anchoring, we've figured out how to pay to build infrastructure with our rewards rather than paying utility bills. With m3 the community can now see the path for many companies to work to push the protocol. Develop new technolgy. Increase security. Address wallet issues, exchange issues, sponsor conferences, drive developer adoption. Finally I can say with confidence that it isn't about what I need to do, or Factom inc. needs to do, but what WE need to do. We have more resources, more players, and no boundaries. Our tech handles use cases that other blockchains can't address, but they don't have any use cases out of our reach. After all, computation is fundamentally about manipulating data by programs, which are themselves data. And we are data."

https://www.reddit.com/r/factom/comments/8kzmn7/recent_paul_snow_quote/
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May 23, 2018, 10:44:30 AM
 #9199


Check out the market 20% sell off, a good indicator to go up.
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May 25, 2018, 01:35:54 AM
 #9200

Hi guys, just been looking at the FCT chart, it's at a pretty good buy point right now, anything coming up apart from the hackathon? Updates etc?

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