[ANN] FACTOM - Introducing Honesty to Record-Keeping

[whiteorg72]

wonder how market will react to when they find out factom competition radium coin

https://bitcointalk.org/index.php?topic=1333026.msg13654492#msg13654492

market cap 30,000 dollars yet

The market did not react. 30 thousand dollars is a paltry sum.

not out yet, when it is then be interesting. cant see it equalling fct cap without a major brand, but levelling with emercoin possible to level with emer coin price would be near 0.005( 500k sats). lets see

Emercoin will not be in the top 10, as in this coin is nothing new, I do not understand why Emercoin has entered the Microsoft Azure, perhaps mistakenly, as such already DASH coin, the same as Emercoin.

[whiteorg72]

Too bad that no information the dates when the Milestone2 will be completed and Milestone3 will be completed.
I understand that programming a difficult and time-consuming process, but it must also be at least approximate dates end works.
Where are they?
How much time is necessary to wait that the factom were fully ready for work? 1 quarter - 1/2 years - 1 year - 1,5 years or 2 years ?
Does anyone have thoughts on this?

[crazyivan]

Now the maximum amount - 8753728.56 FCT (-1.44 FCT for 24h).
So in the last 24 hours it has been spent 1.44 FCT
Amount FCT is not fixed, it can be reduced when someone converts factoids in Entry Credits.
But now to the final stage of Milestone3, amount FCT can not be more than it is now there, amount FCT can only decrease.

What do I use these Entry Credits for? - please read this document "Factom Whitepaper", there all is written.

Thx a lot, it does sound very interesting. Well, let me get some Factoids. ))

[Fern]

#SE2E01 Factom with Paul Snow
This is the interview of Paul Snow from Factom. Great interview that covers most aspects of Factom.
https://www.mixcloud.com/dogedradio/se2e01-factom-with-paul-snow/
https://twitter.com/dogedradio/status/690268452704129025

Good interview, a few positives were: Factom in negotiations and good news coming, Factom will also be 'anchored' to Ethereum, and Factom has both inflationary and deflationary actions - 73000 FCT's made each month but FCT's also are 'burnt' when Entry Credits are bought to enable data entry. Entry Credits cost approx 1/10 cent. 100000 entries last year only took up 4MB on BTC blockchain so tiny amount even when scaled up big time. Factom can scale enormously, i.e billions of entries per year. Examples are property titles, weather data, medical records, music rights, etc etc. Huge potential basically.

[whiteorg72]

Fern,
Factom will also be 'anchored' to Ethereum ?
It's just a assumption, or there is an agreement between Factom and Ethereum?
How exactly it said?

p.s. Unfortunately I do not understand spoken English, so I do not get to know this from the spoken interview.

[Fern]

Paul Snow said they will anchor to Ethereum but currently favor Bitcoin because of the security. I understand they can anchor to any blockchain, like it isn't a difficult thing to do. That was my take on it.

[whiteorg72]

Paul Snow said they will anchor to Ethereum but currently favor Bitcoin because of the security. I understand they can anchor to any blockchain, like it isn't a difficult thing to do. That was my take on it.

Thanks for clarifying 

[tempus]

Too bad that no information the dates when the Milestone2 will be completed and Milestone3 will be completed.
I understand that programming a difficult and time-consuming process, but it must also be at least approximate dates end works.
Where are they?
How much time is necessary to wait that the factom were fully ready for work? 1 quarter - 1/2 years - 1 year - 1,5 years or 2 years ?
Does anyone have thoughts on this?

As far as I know Milestone 2 is intended early this year. My guess is that it's about weeks or maybe just days, not months. Because: High activity in the github, even on weekends:
https://github.com/FactomProject/

I just would be concerned if there wouldn't be updates in the github but vacation-pics on Twitter. ;-)


Milestone 3 is about the federated servers and in the interview Paul Snow said, that they intend to start with 8 servers, and that they aim to start with that also in the first quarter of the year if I remember it right, and then to grow until the full system with federated and election server is running.

And if we look at the price, Milestone 2 could turn out as perfect timing. The chance that Milestone 2 will have positive impact on the price is higher if it has some time to settle a little bit - and the volume is great. If people fully understand how important Milestone 2 will be to give access to the system we could see another price-jump. And if not - they will understand right after some good news as a result and I have no doubt that there will be a lot of good news.

 

[whiteorg72]

Too bad that no information the dates when the Milestone2 will be completed and Milestone3 will be completed.
I understand that programming a difficult and time-consuming process, but it must also be at least approximate dates end works.
Where are they?
How much time is necessary to wait that the factom were fully ready for work? 1 quarter - 1/2 years - 1 year - 1,5 years or 2 years ?
Does anyone have thoughts on this?

As far as I know Milestone 2 is intended early this year. My guess is that it's about weeks or maybe just days, not months. Because: High activity in the github, even on weekends:
https://github.com/FactomProject/

I just would be concerned if there wouldn't be updates in the github but vacation-pics on Twitter. ;-)


Milestone 3 is about the federated servers and in the interview Paul Snow said, that they intend to start with 8 servers, and that they aim to start with that also in the first quarter of the year if I remember it right, and then to grow until the full system with federated and election server is running.

And if we look at the price, Milestone 2 could turn out as perfect timing. The chance that Milestone 2 will have positive impact on the price is higher if it has some time to settle a little bit - and the volume is great. If people fully understand how important Milestone 2 will be to give access to the system we could see another price-jump. And if not - they will understand right after some good news as a result and I have no doubt that there will be a lot of good news.

tempus, Thanks for the answer. You have as always good detailed comments  

[crazyivan]

Too bad that no information the dates when the Milestone2 will be completed and Milestone3 will be completed.
I understand that programming a difficult and time-consuming process, but it must also be at least approximate dates end works.
Where are they?
How much time is necessary to wait that the factom were fully ready for work? 1 quarter - 1/2 years - 1 year - 1,5 years or 2 years ?
Does anyone have thoughts on this?

As far as I know Milestone 2 is intended early this year. My guess is that it's about weeks or maybe just days, not months. Because: High activity in the github, even on weekends:
https://github.com/FactomProject/

I just would be concerned if there wouldn't be updates in the github but vacation-pics on Twitter. ;-)


Milestone 3 is about the federated servers and in the interview Paul Snow said, that they intend to start with 8 servers, and that they aim to start with that also in the first quarter of the year if I remember it right, and then to grow until the full system with federated and election server is running.

And if we look at the price, Milestone 2 could turn out as perfect timing. The chance that Milestone 2 will have positive impact on the price is higher if it has some time to settle a little bit - and the volume is great. If people fully understand how important Milestone 2 will be to give access to the system we could see another price-jump. And if not - they will understand right after some good news as a result and I have no doubt that there will be a lot of good news.

 

Great, now there is at least tentative schedule for his Milestones 2 and 3.

[whiteorg72]

I now read this article:

5 Must-Read Excerpts from the UK Government's Blockchain Report
http://www.coindesk.com/5-excerpts-uk-government-blockchain-report/
Daniel Palmer | Published on January 24, 2016 at 15:17 GMT

I think, that journalist Daniel Palmer from Coindesk is specially not written about the Factom because this is actually a reprint (with partial sampling) from the original article:

BBC News. UK Government urged to use Bitcoin-style digital ledgers.
"...Texas-based firm Factom announced last year that it was working with Honduras to build a blockchain record of land registry titles - though the project later appeared to be on hiatus..."
http://www.bbc.com/news/technology-35344843

[The Bitcoin Co-op]

CoinDesk has always been a mafia, lol

[Gladimor]

wonder how market will react to when they find out factom competition radium coin

https://bitcointalk.org/index.php?topic=1333026.msg13654492#msg13654492

market cap 30,000 dollars yet

Radium is a very valid competition to other currencies that offer blockchain based services.

I don't understand why the marketcap is so low, probably because it's only listed on C-Cex so far. From reading the Radium SmartChain thread, their blockchain utility includes username-address linkage, id verification, asset transfer, text notes, file hashes, and file verification.

[mishax1]

wonder how market will react to when they find out factom competition radium coin

https://bitcointalk.org/index.php?topic=1333026.msg13654492#msg13654492

market cap 30,000 dollars yet

Radium is a very valid competition to other currencies that offer blockchain based services.

I don't understand why the marketcap is so low, probably because it's only listed on C-Cex so far. From reading the Radium SmartChain thread, their blockchain utility includes username-address linkage, id verification, asset transfer, text notes, file hashes, and file verification.

What did you expect when a project is being led by two anonymous devs?

[Gladimor]

wonder how market will react to when they find out factom competition radium coin

https://bitcointalk.org/index.php?topic=1333026.msg13654492#msg13654492

market cap 30,000 dollars yet

Radium is a very valid competition to other currencies that offer blockchain based services.

I don't understand why the marketcap is so low, probably because it's only listed on C-Cex so far. From reading the Radium SmartChain thread, their blockchain utility includes username-address linkage, id verification, asset transfer, text notes, file hashes, and file verification.

What did you expect when a project is being led by two anonymous devs?

The devs aren't anonymous. They have already submitted ID verification for Bittrex.

And also, the anonymity of a developer isn't a measure to gauge coding proficiency, dedication, and commitment to his or her project. You can have a developer with the highest PoD rating, but still be incapable of implementing the most basic of functions in a cryptocurrency. The bottom line is; don't evaluate a developer by who he is or how he looks like. Evaluate him by his technical abilities, degree of knowledge, proficiency, and timeliness.

[Nxtblg]

wonder how market will react to when they find out factom competition radium coin

https://bitcointalk.org/index.php?topic=1333026.msg13654492#msg13654492

market cap 30,000 dollars yet

Radium is a very valid competition to other currencies that offer blockchain based services.

I don't understand why the marketcap is so low, probably because it's only listed on C-Cex so far. From reading the Radium SmartChain thread, their blockchain utility includes username-address linkage, id verification, asset transfer, text notes, file hashes, and file verification.

Factom has first-mover advantage, plus a lot of exposure in the media.

[goblynn]

wonder how market will react to when they find out factom competition radium coin

https://bitcointalk.org/index.php?topic=1333026.msg13654492#msg13654492

market cap 30,000 dollars yet

Radium is a very valid competition to other currencies that offer blockchain based services.

I don't understand why the marketcap is so low, probably because it's only listed on C-Cex so far. From reading the Radium SmartChain thread, their blockchain utility includes username-address linkage, id verification, asset transfer, text notes, file hashes, and file verification.

Factom has first-mover advantage, plus a lot of exposure in the media.

i feel like factom and the radium smartchain both have a place in the cryptoverse...they have two very different approaches of using the blockchain for different applications...and im excited to see both of them used and also see how they progress in the future

[MaGNeT]

wonder how market will react to when they find out factom competition radium coin

https://bitcointalk.org/index.php?topic=1333026.msg13654492#msg13654492

market cap 30,000 dollars yet

Radium is a very valid competition to other currencies that offer blockchain based services.

I don't understand why the marketcap is so low, probably because it's only listed on C-Cex so far. From reading the Radium SmartChain thread, their blockchain utility includes username-address linkage, id verification, asset transfer, text notes, file hashes, and file verification.

Factom has first-mover advantage, plus a lot of exposure in the media.

i feel like factom and the radium smartchain both have a place in the cryptoverse...they have two very different approaches of using the blockchain for different applications...and im excited to see both of them used and also see how they progress in the future

I do too, I think there's more than enough pie to share right now.

Innovations like Factom, Ethereum, Radion and other "Blockchain 2.0 technology" will be the big surprise of 2016.
Other altcoins are dropping because they have no added value over Bitcoin.

Though I invested some money in Factom and Ethereum, I'm even more interested in the changes they will bring to business and record-keeping.

[Emericana]

Radium devs arent anonymous lolll Please read before saying stupid stuff. I think factom is a great project amd RADS is also. Both of them should collaborate and try building the best things as possible. Paul Snow already know about it, he was on the thread couple weeks ago. AND, dont forget that RADS devs are building a huge project with absolutely nothing. They didnt get millions usd with a crowdfunding so they are making way more with a way less.

[whiteorg72]

First, let Radium falls into Microsoft Azure, and then we can talk about this project is noteworthy.
While it is not approved at least by Microsoft company, it is not necessary to say that this project is worth the attention. Radium recognition by Microsoft means that the project is really essential to the success and available to with deal.