[ANN] FACTOM - Introducing Honesty to Record-Keeping

[tempus]

Yeah, sorry I know that. I was asking if it was legit, are factom officially affiliated with them ?

Ah, okay! I have no doubt that it's legit. The problem is more that I don't really know what it's about. But, I'm sure we will know more soon.

[1714772062]

1714772062

[1714772062]

1714772062

[AlanX]

You guys seem to be zeroing in on some of the possible market dynamics we anticipate.

I wrote a piece a few months ago which was left on the cutting room floor.  I decided to post it now.

https://www.reddit.com/r/factom/comments/460yk9/factoid_dynamics_i_love_negative_feedback_loops/

Good stuff. It s time for Factom to move up a bit more. I ll take steady and gradual growth over any pump and dump scheme cause I am into this long term.
I do think wallet GUI should be more simplified.

Im in this longer term aswell , i just believe there not eve busy with anything about factoids atm , cause its for them prob not the most important thing.

You can probably also notice it by there promotion , twitter no tweet for days (people underestimate the power of Social network) , facebook pretty much quit at all. The best promotion they have prob atm is whiteorg72 in this forum.

Google search getting less , Step up the promotion team you can do it. Give updates were your working on idk something.

Github looks pretty busy though, everyday some development !

Would be nice to see people like Paul Snow show up here now and then and say hi to people, or atleast some1 from factom.

I come by from time to time (I'm Paul Snow; Alan is my middle name). 
We do appreicate the support and try to answer questions and concerns... Sometimes it's just hard to do all the forums.

[AlanX]

Yeah, sorry I know that. I was asking if it was legit, are factom officially affiliated with them ?

Ah, okay! I have no doubt that it's legit. The problem is more that I don't really know what it's about. But, I'm sure we will know more soon.

That's legit.  I'm headed to China early in March to talk to people about various projects and efforts.

Paul

[tempus]

Yeah, sorry I know that. I was asking if it was legit, are factom officially affiliated with them ?

Ah, okay! I have no doubt that it's legit. The problem is more that I don't really know what it's about. But, I'm sure we will know more soon.

That's legit.  I'm headed to China early in March to talk to people about various projects and efforts.

Paul

Thanks for the confirmation! Obviously exciting times ahead!

[crazyivan]

You guys seem to be zeroing in on some of the possible market dynamics we anticipate.

I wrote a piece a few months ago which was left on the cutting room floor.  I decided to post it now.

https://www.reddit.com/r/factom/comments/460yk9/factoid_dynamics_i_love_negative_feedback_loops/

Good stuff. It s time for Factom to move up a bit more. I ll take steady and gradual growth over any pump and dump scheme cause I am into this long term.
I do think wallet GUI should be more simplified.

Im in this longer term aswell , i just believe there not eve busy with anything about factoids atm , cause its for them prob not the most important thing.

You can probably also notice it by there promotion , twitter no tweet for days (people underestimate the power of Social network) , facebook pretty much quit at all. The best promotion they have prob atm is whiteorg72 in this forum.

Google search getting less , Step up the promotion team you can do it. Give updates were your working on idk something.

Github looks pretty busy though, everyday some development !

Would be nice to see people like Paul Snow show up here now and then and say hi to people, or atleast some1 from factom.

I come by from time to time (I'm Paul Snow; Alan is my middle name). 
We do appreicate the support and try to answer questions and concerns... Sometimes it's just hard to do all the forums.

Hey Paul, good to have you here. Bitcointalk is by far the most visited and most important crypto forum. I d strongly suggest you guys assign someone to update us here about news and events. Bitcointalk community s huge and please do not underestimate the power of marketing.

[Mrboot]

Awesome to have you around Paul we like your interviews a lot and hope to see you around more.

People dont be scared of the market atm, try to not panic and stay foot, the big rise and drops are mostly manipulation if you ask me.
Some people are collecting i guess.

For example on Poloniex yesterday there came a position to Lend 15000 fct for a rate of 0.0001%, why would someone with 15000 coins
(decent amount to most people) lend it out on that rate ?

My idea about this is that people lend out FCT at a obvious redicoulus rate to attrect more shorters (sellers by margins basicly) So the market will go possibly down and they are able to buy lower and the shorters will eventually burn themself making it a 15k buy order when they need to close the position.

In my point of view this is a very bullish signal. A signal that we also seen on ethereum when i was buying around 190k satoshi.

But be advise that is my view and you should always have your own trading point of view and follow your own ideas, im just telling it here to maybe let sellers rethink (cause it would of sucked to sell eth at 190k aswell right)

Also i think it was Tempus made a real nice post explaining how the value of FCT can be determined in like 3 years, all monthly cost will be equilized with the inflation of 73000 coins, I would like to have that confirmed though.

Example
If the entry points bought of month "A" will be 73000 Dollar that means every FCT have a true value of 1 dollar

If the entry points bought of month "B" will be 1 million dollar that means every FCT have a true value of 13,7 dollar

If the entry points bought of month "C"will be 10 million dollar that means every FCT have a true value of 137 dollar

But it will take a time to have them on the same line with the 8 million already given out.

Am i right about this idea ?

[crazyivan]

Awesome to have you around Paul we like your interviews a lot and hope to see you around more.

People dont be scared of the market atm, try to not panic and stay foot, the big rise and drops are mostly manipulation if you ask me.
Some people are collecting i guess.

For example on Poloniex yesterday there came a position to Lend 15000 fct for a rate of 0.0001%, why would someone with 15000 coins
(decent amount to most people) lend it out on that rate ?

My idea about this is that people lend out FCT at a obvious redicoulus rate to attrect more shorters (sellers by margins basicly) So the market will go possibly down and they are able to buy lower and the shorters will eventually burn themself making it a 15k buy order when they need to close the position.

In my point of view this is a very bullish signal. A signal that we also seen on ethereum when i was buying around 190k satoshi.

But be advise that is my view and you should always have your own trading point of view and follow your own ideas, im just telling it here to maybe let sellers rethink (cause it would of sucked to sell eth at 190k aswell right)

Also i think it was Tempus made a real nice post explaining how the value of FCT can be determined in like 3 years, all monthly cost will be equilized with the inflation of 73000 coins, I would like to have that confirmed though.

Example
If the entry points bought of month "A" will be 73000 Dollar that means every FCT have a true value of 1 dollar

If the entry points bought of month "B" will be 1 million dollar that means every FCT have a true value of 13,7 dollar

If the entry points bought of month "C"will be 10 million dollar that means every FCT have a true value of 137 dollar

But it will take a time to have them on the same line with the 8 million already given out.

Am i right about this idea ?

This Poloniex explanation does hold water. 15k lending order gets transformed into 15k buy order, after you have purchased coins at lower price. Interesting analysis.

[Mrboot]

Awesome to have you around Paul we like your interviews a lot and hope to see you around more.

People dont be scared of the market atm, try to not panic and stay foot, the big rise and drops are mostly manipulation if you ask me.
Some people are collecting i guess.

For example on Poloniex yesterday there came a position to Lend 15000 fct for a rate of 0.0001%, why would someone with 15000 coins
(decent amount to most people) lend it out on that rate ?

My idea about this is that people lend out FCT at a obvious redicoulus rate to attrect more shorters (sellers by margins basicly) So the market will go possibly down and they are able to buy lower and the shorters will eventually burn themself making it a 15k buy order when they need to close the position.

In my point of view this is a very bullish signal. A signal that we also seen on ethereum when i was buying around 190k satoshi.

But be advise that is my view and you should always have your own trading point of view and follow your own ideas, im just telling it here to maybe let sellers rethink (cause it would of sucked to sell eth at 190k aswell right)

Also i think it was Tempus made a real nice post explaining how the value of FCT can be determined in like 3 years, all monthly cost will be equilized with the inflation of 73000 coins, I would like to have that confirmed though.

Example
If the entry points bought of month "A" will be 73000 Dollar that means every FCT have a true value of 1 dollar

If the entry points bought of month "B" will be 1 million dollar that means every FCT have a true value of 13,7 dollar

If the entry points bought of month "C"will be 10 million dollar that means every FCT have a true value of 137 dollar

But it will take a time to have them on the same line with the 8 million already given out.

Am i right about this idea ?

This Poloniex explanation does hold water. 15k lending order gets transformed into 15k buy order, after you have purchased coins at lower price. Interesting analysis.

It doesnt even have to be that they went short but they want people to short for them thats why the low rate. One big Beartrap to push past levels eventually

[The Bitcoin Co-op]

Factoids just fell versus bitcoins because BCT rose versus fiat. Hopefully it rebounds now and they both keep going up:

[Mrboot]

Factoids just fell versus bitcoins because BCT rose versus fiat. Hopefully it rebounds now and they both keep going up:

You forgot to draw the upper trendline then it would be perfect !

Even if it breaks i dont mind i buy 1000€ a month (untill it gets to expensive ofc then i change to buy another coin)

[CocoLibre]

Loading into all dips, hopefully it can trade sideways for another few weeks or so and my avg can get nice and even around 250k sats.

[crazyivan]

It seems we did have a few dozen Factoids destroyed during these last couple of days. Someone testing Factom?

[MaGNeT]

People will start using this very miserly .

Like say I have a  Million documents that need to be added as entry points
That would mean

1,000,000 * 0.01 = 10,000$
Each factoid is worth 1$ atm .. So I will need to pay $10,000 to buy them .

Instead of the above , I willl simply create a zipfile of all those documents and now all I need is one entry point.

Please correct me if I am wrong

If you create a zipfile or create 1 hash from all these files, you will know that a document has changed but not whát document has changed.

If you create 1 hash on every document, you will know what document is changed and what document hasn't.

Please correct me if I'm wrong

[cyberhacker]

sorry to ask.

any idea about Radium?

[CB_project]

Okay - FACTOM use a kind of OP_RETURN to include data in the blockchain
instead of paying BTC to store a hash, user need Factoids.
The server generates factoids - how factoids are generated?

[Mrboot]

Okay - FACTOM use a kind of OP_RETURN to include data in the blockchain
instead of paying BTC to store a hash, user need Factoids.
The server generates factoids - how factoids are generated?

they will have a kind of DPOS were the servers get the new coins created 73000 a month but there hardly will be any inflation cause of deflation while burning entry points.

[CB_project]

Okay - FACTOM use a kind of OP_RETURN to include data in the blockchain
instead of paying BTC to store a hash, user need Factoids.
The server generates factoids - how factoids are generated?

they will have a kind of DPOS were the servers get the new coins created 73000 a month but there hardly will be any inflation cause of deflation while burning entry points.

thanks for the answer

[Mrboot]

Okay - FACTOM use a kind of OP_RETURN to include data in the blockchain
instead of paying BTC to store a hash, user need Factoids.
The server generates factoids - how factoids are generated?

they will have a kind of DPOS were the servers get the new coins created 73000 a month but there hardly will be any inflation cause of deflation while burning entry points.

thanks for the answer

yea to be honest i really have no idea what factom team is doing now, they dont take the time to answer questions, only the same news, and you can see Factom btc flowing into RADS.

and prob will untill factom steps up at least i know i sold 50% of my FCT.

[Bagatell]

and you can see Factom btc flowing into RADS.

Really? Where?

[Mrboot]

and you can see Factom btc flowing into RADS.

Really? Where?

Poloniex , FCT down and Rads up like 100%