[ANN] FACTOM - Introducing Honesty to Record-Keeping

[tempus]

How many new coins do these federated/centralized miners mine every day?

This new group of altcoin devs don't even know how to write the block time and block reward in the OP.

I believe the inflation rate is 20% the first year.

So maybe like 4798.17315068 factom a day. That's not much. Centralized mining does lower mining costs.

It would help if there was a block explorer. There is no block explorer posted in the OP either...

http://explorer.factom.org

[dcxtx]

How many new coins do these federated/centralized miners mine every day?

Today?  0.  Factom has the current federated server and is not paying itself block rewards.  The next Milestone for them is to expand to 8 federated servers.  I believe they will not control any of those.

The third milestone is the whole federated system.  It is either 16 or 32 (I don't remember) federated servers and N audit servers.  There is a consensus method for figuring out which is which and they can change .  At that point, I KNOW Factom will not be running one.  I believe this is when the Block rewards will start happening.


I believe the Milestones are on their website.

[chesthing]

How many new coins do these federated/centralized miners mine every day?

This new group of altcoin devs don't even know how to write the block time and block reward in the OP.

I believe the inflation rate is 20% the first year.

So maybe like 4798.17315068 factom a day. That's not much. Centralized mining does lower mining costs.

It would help if there was a block explorer. There is no block explorer posted in the OP either...

Do your own research, lazy fuck.

[italianMiner72]

who is the official FACTOM support user??

i send this user two PM asking help, but without response..

https://bitcointalk.org/index.php?action=profile;u=391985

[mistercashking]

who is the official FACTOM support user??

i send this user two PM asking help, but without response..

https://bitcointalk.org/index.php?action=profile;u=391985

try BrianDeery

https://bitcointalk.org/index.php?action=profile;u=134381

[FACTOM]

If you use our binaries on a Mac and when running ./factomd you get this error:

Code:

13:32:03 2015-10-08 [ERR] BTCD: Unable to start server on [:8108]: 'fe80::1%lo0' is not a valid IP address

It's because of an entry in your /etc/hosts file, usually the last entry as below:

Code:

127.0.0.1 localhost
255.255.255.255 broadcasthost
::1 localhost
fe80::1%lo0 localhost

This happens on Macs that have been upgraded over the years. A fresh build or a new Mac with Yosemite doesn't have that entry.

By removing the last entry factomd works fine.
We are looking at a workaround for the installer but for the time being removing "fe80::1%lo0 localhost" should fix the issue.

If you are not aware what the hosts file is better if you don't touch it, in that case wait for an update to our binaries.

 

[italianMiner72]

who is the official FACTOM support user??

i send this user two PM asking help, but without response..

https://bitcointalk.org/index.php?action=profile;u=391985

try BrianDeery

https://bitcointalk.org/index.php?action=profile;u=134381

ty mistercashking !
i send him a PM!

[italianMiner72]

If you use our binaries on a Mac and when running ./factomd you get this error:

Code:

13:32:03 2015-10-08 [ERR] BTCD: Unable to start server on [:8108]: 'fe80::1%lo0' is not a valid IP address

It's because of an entry in your /etc/hosts file, usually the last entry as below:

Code:

127.0.0.1 localhost
255.255.255.255 broadcasthost
::1 localhost
fe80::1%lo0 localhost

This happens on Macs that have been upgraded over the years. A fresh build or a new Mac with Yosemite doesn't have that entry.

By removing the last entry factomd works fine.
We are looking at a workaround for the installer but for the time being removing "fe80::1%lo0 localhost" should fix the issue.

If you are not aware what the hosts file is better if you don't touch it, in that case wait for an update to our binaries.

 

hi factom!
what about "invalid seed" issue using command:
factom-cli newaddress fct factoid1 "yellow yellow yellow yellow yellow yellow yellow yellow yellow yellow yellow yellow"

environment:
windows 7 64bit
factom 0.3.3

[sulfurtank]

49K. It's the end of koinifuck.

[whiteorg72]

The cost of the coins dropped through the floor, the capitalization is now down below $1 million. Will developers have an incentive to continue to support this project and to promote it?

[mishax1]

What with the sockpuppet accounts coming here to fud ?  

They got 1.1m$ funding besides the factoids public crowd sale, and another private investors sale..  chill out..




gonna have to embrace a new fud filter and start hitting the ignore button for the newbie accounts.. ^^just started with those two

[tempus]

The cost of the coins dropped through the floor, the capitalization is now down below $1 million. Will developers have an incentive to continue to support this project and to promote it?

This project is much more than just the Factoids and this project won't die about the FTC's price. I doubt that they even care much about the price now, because if they realize the project in total, FTC's will be used and the price will reflect that.

I've read a lot the last two days to understand it and the more I read about it the more I believe in it. The price now is just speculation. I'm pretty sure that when people really see how it can be used, this has huge potential. I believe that most of all people don't understand it's potential so far.

Btw: Everybody who has some fundamental/base questions about it should watch this:

Freedom's Phoenix: Paul Snow Interviewed by Ernest Hancock
https://www.youtube.com/watch?v=_OnSpfJnuNE

In my eyes the idea is really a game changer. And the FTC's are only like a financial tool for it. The price will rise and could explode as soon as it will be used and I have zero doubt that it will be used.

[whiteorg72]

After reading the information about the factom I bought the coins, and I will continue to buy them, because I believe in this project.
The main thing that the price of the coins did not affect the development efforts and their commitment to promote it further. Just occasionally looking back and watch when after the other coins poured into 0, developers and those who supported other projects just go away and threw their projects. But I think that this project will continue in spite of everything.

[Jayjay04]

Anyone know how to get Factoids out of the KOINIFY wallet !?!?!

[-Greed-]

Fuck it. The price is going crazy...

Anyone know how to get Factoids out of the KOINIFY wallet !?!?!

Just import your 12-words passphrase at polo but it may take more than 6 hours.

[nakaone]

who is selling below ipo price 

this either the most stupid scam I have seen so far (due to promising idea) or the market is just going completely retard

[Jayjay04]

Fuck it. The price is going crazy...

Anyone know how to get Factoids out of the KOINIFY wallet !?!?!

Just import your 12-words passphrase at polo but it may take more than 6 hours.

Oh WOW !! good to know ! THX

[ffmad]

Hi, is there a slack community for Factom ? 

[-Greed-]

@FACTOM
By the way, what was the price in the private sale? This is not a question, it's a request. I need to know this because if it was like 5k satoshi per token I will immediately dump all my tokens.
People must be aware if this is a scam like this: https://bitcointalk.org/index.php?topic=1158161.0
And I guess someones dumping below the pre-sale price because the private sale one was much lower.

[whiteorg72]

By the way, what was the price in the private sale?

private sale secret probably because you and say, wait