[ANN] FACTOM - Introducing Honesty to Record-Keeping

[bigkevinwong]

My withdraw from poloniex.com is stucked for over 3 hrs... It shows that the withdraw was completed but the transaction cannot be seen from block explorer... and I haven't got the FCTs yet... Anyone else hit the same problem?

[YoyodyneSystems]

Well that worked nicely today so far.

[tempus]

More buy-support in china above 1 dollar than FCT's on the sell-side on Polo. ;-)

[ktfutura]

does anybody have a reasonable guess as to why the price is on the move? Feels rather like a pump -_-.

$40 in volume the other day.

factom team bought the free volume pump and dump package from poloniex.

[whiteorg72]

My withdraw from poloniex.com is stucked for over 3 hrs... It shows that the withdraw was completed but the transaction cannot be seen from block explorer... and I haven't got the FCTs yet... Anyone else hit the same problem?

10 days ago I had a problem with the withdrawal of FCT, Polo Exchange solved the problem in 12 hours. So you pass away to wait, the special today when they probably many similar cases today because of big sales and big withdrawal FCT in China.
Unfortunately, this problem only from side the Polo Exchange only support Polo exchange can help you.

[tempus]

Paul Snow at The Crypto Show:

First Hour
We take it on the road and visit the Factom office to talk with Paul Snow about Factom's recent add to Microsoft, the Texas Bitcoin Conference, and CISA, the Cybersecurity Information Sharing Act.
https://letstalkbitcoin.com/blog/post/the-crypto-show-paul-snow-of-factom-and-eijah-of-demonsaw-and-gta5?utm_source=dlvr.it&utm_medium=twitter

Not just very informative, but also entertaining!

[tyz]

I like the idea of factom. Want to invest some Bitcoin without loading the software a/o the blockchain.
Is there a secure paper wallet generator available?

[whiteorg72]

I like the idea of factom. Want to invest some Bitcoin without loading the software a/o the blockchain.
Is there a secure paper wallet generator available?

The best way to securely hold factoids is with a paper wallet.  I make them with freshkeymaker.  

https://github.com/FactomProject/keymaker/tree/master/freshkeymaker/bin

The secret key can later be imported into the wallet.

[neo1947]

we all have seen this type of pump many times in crypto world most of them ended up bad hope this not one.

[whiteorg72]

Yuanbaohui added on Coinmarket -
http://coinmarketcap.com/currencies/factom/#markets

[tempus]

"What is the will be the most influential #BaaS [Blockchain-as-a-Service] being added to @Microsoft @Azure?"

- Eris Industries
- CoinPrism
- Ethereum
- Factom

Vote in the tweet: https://twitter.com/creiddouthat/status/678723048967675906

[Nxtblg]

Is there an easy way to get my factom from the Koinify ICO? Thank you

1. The bottom of the Factom GUI wallet allows you to import your FCT by Koinify passphrase

2. On poloniex go to the page where you make deposits. You will see there is a place to enter your koinify passphrase.

Well, I've been waiting hours after entering my password into Polo's deposit field. That could mean I entered the password incorrectly - which would be a lot better outcome than the "uh-oh!"

[BrianDeery]

Well, I've been waiting hours after entering my password into Polo's deposit field. That could mean I entered the password incorrectly - which would be a lot better outcome than the "uh-oh!"

It might be a poloniex hiccup, or you may have been one of the lucky ones that had some trouble during the purchase. 

You can run keymaker to see if you got lucky.  It will be able to identify the problem if it is one of the known issues.

https://github.com/FactomProject/keymaker

The binaries can be run on a livecd linux version on an offline computer for best security.

[t309]

I buy it!!!
I hope 2-3x

[Nxtblg]

Well, I've been waiting hours after entering my password into Polo's deposit field. That could mean I entered the password incorrectly - which would be a lot better outcome than the "uh-oh!"

It might be a poloniex hiccup, or you may have been one of the lucky ones that had some trouble during the purchase. 

You can run keymaker to see if you got lucky.  It will be able to identify the problem if it is one of the known issues.

https://github.com/FactomProject/keymaker

The binaries can be run on a livecd linux version on an offline computer for best security.

Thanks! I checked my balance and all of them are still at that address.

So I might have entered the words wrong at Polo after all..

[twistelaar]

Can somebody tell me why  this coin is going to the moon?

And is it still smart to step in? or is it FOMO now

[MyFarm]

Can somebody tell me why  this coin is going to the moon?

And is it still smart to step in? or is it FOMO now

Think of the bitcoin protocol as tcp/ip

Well, the www just got invented and Paul Snow is the next Tim Berners Lee.

[Fern]

Exciting, but do your research

Paul wrote, "The token supply can grow (if speculators drive up the price) until the price stabilizes. And the token supply can fall (if speculators drive the price down) until the price stabilizes. But in both cases, the stable price is when the value of the token matches the money real applications are spending to buy Entry Credits in order to put data into the protocol. That is because the 73K factoids generated each year naturally trends to the value of the factoids drained from the supply to write into the protocol. If people are spending 1 million dollars to put data into factom per year, then 73K factoids should be worth 1 million dollars".

Currently $US spent equals approx $6000 per year (i realise this is unrealistically small right now) but 6000/73000 = 8 cents / FCT

If the world is spending $1 mil FCT on contracts then price might be around $13

Does this sound about right?

[MyFarm]

If the world is spending $1 mil FCT on contracts then price might be around $13

Does this sound about right?

Think about the almost unquantifiable number of contracts written around the world each year.  Think of the number of companies that exist solely to enable contracts in some form.  Why store those contracts on a closed, centralized system that might have zero, one, or maybe two backups when you can have it stored across thousands or millions of computers.  Why pay high fees to a proprietary service when you can have market forces determine fair value.

One million in contracts means a Factoid is $13.00 (it is currently $0.75).  I see no reason Factom won't be handling billions in contracts if Mr. Snow delivers what he is promising.

And contracts is just one small facet of what is possible with Factom.  Factom is the data layer for bitcoin -- the place all the cool shit happens.  As I said, bitcoin is tcp/ip and Factom is www.  WWW is where all the cool shit is.  As factom.org says:

Use the blockchain to power a remarkable range of applications, including audit systems, medical records, supply chain management, voting systems, property titles, legal applications, and financial systems.

Watch this: https://www.youtube.com/watch?v=DbRVPBFiy64

[Fern]

There's no doubt the potential is massive.

The FCT price can be 'throttled back' or managed if speculation gets out of hand where as no limit for BTC