Pmalek
Legendary
 Offline
Activity: 2940
Merit: 7536
Playgram - The Telegram Casino
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June 13, 2015, 12:32:26 AM |
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Cant wait for this to go live... Really excited about Factom!
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bitcoinrocks
Legendary
Offline
Activity: 1372
Merit: 1000
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June 13, 2015, 08:51:17 AM |
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I suppose I'm trying to understand the reasons not to issue a third-party token.
Just need to be patient, if you have read our latest dev update it explains there when we expect the wallet to be ready. I think it's because the Factom devs want to avoid the usual pump-and-dump games that go on around here, not to mention an ethical commitment about not letting it be traded while the product is still vapourware. Sooner or later the tokens will be on the market and then they are susceptible to pumping and dumping. Not releasing a third-party token can't prevent it. And to say they can be sold but not traded while the product is vapor is nonsensical. |
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Nxtblg
Legendary
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Activity: 924
Merit: 1000
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June 13, 2015, 04:25:03 PM |
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Sooner or later the tokens will be on the market and then they are susceptible to pumping and dumping. Not releasing a third-party token can't prevent it.
Well, yeah, but the world's an imperfect place. From what I've seen, an ICO coin that goes straight to listing gets a pump right after it's listed because of the carryover excitement from the ICO itself. FACTOM"s policy avoids that. If there's gonna be a pump, it won't come because of evanescent excitement. It'd be nice to be part of a pump that - gasp - has something to do with the extant features or adoption of the product. And to say they can be sold but not traded while the product is vapor is nonsensical.
Unless one sees the selling as a emergency hatch out if you need the Bitcoin in a hurry. |
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pinkman12345
Legendary
Offline
Activity: 1070
Merit: 1021
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June 15, 2015, 03:00:00 PM |
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Anyone want to buy my koinify factoms? Iv got 20000 but I need the money for some holiday spending money. Inbox me if interested (not a scam look at my rating on here)
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mishax1
Legendary
Offline
Activity: 2898
Merit: 1017
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June 15, 2015, 04:04:45 PM |
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Anyone want to buy my koinify factoms? Iv got 20000 but I need the money for some holiday spending money. Inbox me if interested (not a scam look at my rating on here)
Where do I send the monies ?  Come on dude, what rating ? |
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FACTOM (OP)
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June 15, 2015, 09:53:36 PM |
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Anyone want to buy my koinify factoms? Iv got 20000 but I need the money for some holiday spending money. Inbox me if interested (not a scam look at my rating on here)
Consider that to access the coins on Koinify you will need the secret passphrase. Which also will be needed to import your Koinify purchase into the Factom Wallet when it goes live. If you buy from someone there will be two people knowing the passphrase. So a potential buyer will have to trust the seller. Make your own judgement carefully. We do not recommend engaging in such a purchase however honest the seller may be. |
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coinking
Legendary
Offline
Activity: 927
Merit: 1000
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June 19, 2015, 10:13:05 PM |
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Anyone want to buy my koinify factoms? Iv got 20000 but I need the money for some holiday spending money. Inbox me if interested (not a scam look at my rating on here)
Consider that to access the coins on Koinify you will need the secret passphrase. Which also will be needed to import your Koinify purchase into the Factom Wallet when it goes live. If you buy from someone there will be two people knowing the passphrase. So a potential buyer will have to trust the seller. Make your own judgement carefully. We do not recommend engaging in such a purchase however honest the seller may be. It's nice to see the recommendations from the dev team. I'm not looking to sell my Factom, I know in time I'll be able to go to the moon and back with my holdings  |
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The Bitcoin Co-op
Legendary
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Activity: 1268
Merit: 1006
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June 24, 2015, 01:16:21 AM |
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We work hard to promote Bitcoin adoption and the decentralization of society. You can support our efforts by donating BTC to 35wDNxFhDB6Ss8fgijUUpn2Yx6sggDgGqS
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FACTOM (OP)
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June 25, 2015, 12:39:04 PM |
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Thanks for sharing The Bitcoin Co-op!  |
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FACTOM (OP)
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June 25, 2015, 12:49:55 PM |
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Fargo
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June 30, 2015, 02:04:23 PM |
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jaft16
Member
Offline
Activity: 88
Merit: 10
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July 01, 2015, 07:29:49 PM |
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Hi I know the team must be well busy trying to get the first milestone out of the way. BUT we are investors and I would really appreciate more information coming from the dev team. This is not too much to ask for or is it?  |
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FACTOM (OP)
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July 02, 2015, 05:34:54 AM |
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Hi I know the team must be well busy trying to get the first milestone out of the way. BUT we are investors and I would really appreciate more information coming from the dev team. This is not too much to ask for or is it? Not at all, but if you read the blog post above we just released an update. We can only release updates when we have some. The team is concentrating on development and we'll keep posting every time we have something to share with the community. Stay tuned as there are more announcements in the pipeline. |
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FACTOM (OP)
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July 02, 2015, 05:40:20 AM |
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pinkman12345
Legendary
Offline
Activity: 1070
Merit: 1021
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July 02, 2015, 11:08:04 AM |
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Hey everyone, I'm so glad I kept my factom but I just have a question now I've seen the investment opportunity for factom Inc.
What is the total number of factoids that are being created? When we invested on koinify did we as a whole only invest in around 10% or did we actually buy all the factoids that will ever be created?
Also, are the factoids we bought getting broken down, say 10 software tokens for 1 factoid?
Any answers would be great!! Great work so far factom team!
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FACTOM (OP)
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July 03, 2015, 11:14:55 AM |
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Hey everyone, I'm so glad I kept my factom but I just have a question now I've seen the investment opportunity for factom Inc.
What is the total number of factoids that are being created? When we invested on koinify did we as a whole only invest in around 10% or did we actually buy all the factoids that will ever be created?
Also, are the factoids we bought getting broken down, say 10 software tokens for 1 factoid?
Any answers would be great!! Great work so far factom team!
The post-sale number of Factoids is 8,759,944. As mentioned on the Koinify Token Sale page 50% of the total Factoids were up for sale. The rest are 30% to be distributed to early contributors and 20% for early purchasers. Once the network goes live there will be Factoids generated by the network and distributed to Factom nodes and Federated servers. That is an incentive to help maintain the network with resources and computing power. The Factoids purchased on koinify are 1 for 1. Hope this helps. |
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Cornett
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July 03, 2015, 04:06:14 PM |
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Hey everyone, I'm so glad I kept my factom but I just have a question now I've seen the investment opportunity for factom Inc.
What is the total number of factoids that are being created? When we invested on koinify did we as a whole only invest in around 10% or did we actually buy all the factoids that will ever be created?
Also, are the factoids we bought getting broken down, say 10 software tokens for 1 factoid?
Any answers would be great!! Great work so far factom team!
The post-sale number of Factoids is 8,759,944. As mentioned on the Koinify Token Sale page 50% of the total Factoids were up for sale. The rest are 30% to be distributed to early contributors and 20% for early purchasers. Once the network goes live there will be Factoids generated by the network and distributed to Factom nodes and Federated servers. That is an incentive to help maintain the network with resources and computing power. The Factoids purchased on koinify are 1 for 1. Hope this helps. Great !!! Waiting for the start |
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bitcoinrocks
Legendary
Offline
Activity: 1372
Merit: 1000
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July 03, 2015, 05:35:49 PM |
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The post-sale number of Factoids is 8,759,944. As mentioned on the Koinify Token Sale page 50% of the total Factoids were up for sale.
The rest are 30% to be distributed to early contributors and 20% for early purchasers.
Once the network goes live there will be Factoids generated by the network and distributed to Factom nodes and Federated servers.
That is an incentive to help maintain the network with resources and computing power.
Does that mean there will be more than 8,759,944 Factoids once the network starts operating? |
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