[ANN] FACTOM - Introducing Honesty to Record-Keeping

[rtrtcrypto]

Thx.

I heard of some rumors about integration with Ethereum, is that correct? LINK/source?

The only things I know about the Factom / Ethereum relationship is:

- Factom will anchor data in both Bitcoin and Ethereum blockchain
- Vitalik Buterin (ETH founder) stated in an interview that he invested in Factom

[child_harold]

This is not pumping

Tell that to those who bought at 700k
Looks like the Polo price is sliding down to the Chinese price

[crazyivan]

This is not pumping

Tell that to those who bought at 700k
Looks like the Polo price is sliding down to the Chinese price

Arbitrage s stepping in, that s normal. It never goes to match the higher price. What happens after they match, that s the question.

[luxfilms]

Hello,
I bought some factoim THROUGH Coinify.com now I see that the product closed where I claim my 70 Factom?

[luxfilms]

how ?

[crazyivan]

Hello,
I bought some factoim THROUGH Coinify.com now I see that the product closed where I claim my 70 Factom?

On Poloniex.com

Coinfy sells Factoids? Why not some exchange?

[tempus]

how ?

Go on Balances ---> Deposit/Withdrawals ---> [FCT] Factom ---> "Presale Import: 12-word-master Passphrase from Koinify" 

Type in your passphrase.

 

[FACTOM]

We are thrilled to see this thread grow to 100 pages!

We want to thank you all for your support, queries, comments, discussions, etc...

Keep them coming!!!

[FACTOM]

Hello,
I bought some factoim THROUGH Coinify.com now I see that the product closed where I claim my 70 Factom?

On Poloniex.com

Coinfy sells Factoids? Why not some exchange?

@crazyivan that was during our token sale, it was hosted on Koinify. The service has since being discontinued.

[MaGNeT]

FCT needs to be taken down off of Yuanbaohui. They don't allow international customers, so arbitrage is impossible, and price on YBH is being suppressed to 35% cheaper than on Polo. Then they send massive amounts over, dump it on polo, and hoard the BTC back to China. They don't give a crap about FCT, it's just a tool for them to hoard more BTC. It needs to get off of that piece of !#$% exchange ASAP.

How do you imagine to take down a decentralized coin from an exchange?

[nickhiggins123]

FCT needs to be taken down off of Yuanbaohui. They don't allow international customers, so arbitrage is impossible, and price on YBH is being suppressed to 35% cheaper than on Polo. Then they send massive amounts over, dump it on polo, and hoard the BTC back to China. They don't give a crap about FCT, it's just a tool for them to hoard more BTC. It needs to get off of that piece of !#$% exchange ASAP.

Lol. YBH is pretty craptastic, they display only 10 orders at a time and seem not to care whatsoever what is happening elsewhere.

[MyFarm]

FCT needs to be taken down off of Yuanbaohui. They don't allow international customers, so arbitrage is impossible, and price on YBH is being suppressed to 35% cheaper than on Polo. Then they send massive amounts over, dump it on polo, and hoard the BTC back to China. They don't give a crap about FCT, it's just a tool for them to hoard more BTC. It needs to get off of that piece of !#$% exchange ASAP.

Lol. YBH is pretty craptastic, they display only 10 orders at a time and seem not to care whatsoever what is happening elsewhere.

Based upon my team's analysis:

1.  In our opinion, YBH's volume has never been legit.

2.  We suspect they got stuck short on Poloniex.

[regexlove]

1.  In our opinion, YBH's volume has never been legit.

Who is your team, why don't you guys add some documentation of your analysis?

Tell that to those who bought at 700k
Looks like the Polo price is sliding down to the Chinese price

They got hurt from gambling - or the sponsor of your posts pushed their SHORT orders into forced liquidation?

I m with whiteorg72 on this one. Factom can and should surpass Ether.

The issue is comparing the uncomparable or without even trying to make a comparision.  Fenbushi.vc is old news.

What will make a dAPPs developer decide to use Factom instead of storing hashes in blockchains directly?

Moreover how in the world would ethereum as a whole use factom or rely on factom?!


Let me try a stronger comparision:  
Solarcoin can and should surpass Bitcoin because it seeks to reward sustainable energy instead of burning energy  - and ultimately this really should be the only relevant difference, since given proper time, funding, opensource contribution, popularity solarcoin sure could improve/remove doubts!

[nickhiggins123]

1.  In our opinion, YBH's volume has never been legit.

Who is your team, why don't you guys add some documentation of your analysis?

Tell that to those who bought at 700k
Looks like the Polo price is sliding down to the Chinese price

They got hurt from gambling - or the sponsor of your posts pushed their SHORT orders into forced liquidation?

I m with whiteorg72 on this one. Factom can and should surpass Ether.

The issue is comparing the uncomparable or without even trying to make a comparision.  Fenbushi.vc is old news.

What will make a dAPPs developer decide to use Factom instead of storing hashes in blockchains directly?

Moreover how in the world would ethereum as a whole use factom or rely on factom?!


Let me try a stronger comparision:  
Solarcoin can and should surpass Bitcoin because it seeks to reward sustainable energy instead of burning energy  - and ultimately this really should be the only relevant difference, since given proper time, funding, opensource contribution, popularity solarcoin sure could improve/remove doubts!

It doesn't take documentation to prove YBH doesn't reveal orders or market depth, crappy thing to do for an exchange IMO.

[cameltoe]

Can you mine this?

[FACTOM]

Can you mine this?

Factoids are not mineable, there is no mining in Factom. Originally FCT were distributed to Token Sale supporters, pre-sale and early contributors, and the supply is deflationary as of now.
However in the future, after our milestone #3 is delivered about 75K FCT a year will be distributed to Federated Servers who help maintain the network with their resources.

[FACTOM]

FCT needs to be taken down off of Yuanbaohui. They don't allow international customers, so arbitrage is impossible, and price on YBH is being suppressed to 35% cheaper than on Polo. Then they send massive amounts over, dump it on polo, and hoard the BTC back to China. They don't give a crap about FCT, it's just a tool for them to hoard more BTC. It needs to get off of that piece of !#$% exchange ASAP.

We appreciate the feedback however the Chinese market is important for us as we are working with several companies out there.
Also how do you know the Chinese are doing what you say they are doing?

We know for a fact that our Chinese partners require FCT for their own testing purposes and in the future to run their systems of records.
What you are saying is your own opinion and should be treated as such. We do not promote speculation of FCT we have always been clear what FCT are used for but on the other end we cannot stop people doing what they want on the free open market which we don't control.

[FACTOM]

When is milestone 2 due to be completed. I could not find that info in the OP

It's work in progress, we don't have an exact date yet but it's not too far away.
It's currently being finalized and tested by the team, however testing needs to be thorough for a stable release.

Stay tuned for announcements and calls for testing. 

[tempus]

FCT needs to be taken down off of Yuanbaohui. They don't allow international customers, so arbitrage is impossible, and price on YBH is being suppressed to 35% cheaper than on Polo. Then they send massive amounts over, dump it on polo, and hoard the BTC back to China. They don't give a crap about FCT, it's just a tool for them to hoard more BTC. It needs to get off of that piece of !#$% exchange ASAP.

If you care about the price you should say thank you to Yuanbaohui every day. Most of the time the price was above Polo and the volume as well. And: The huge price rise in december started because of the combination of Azure and Yuanbaohui and Yuanbaohui had more impact on the price.

And: There were times when Yuanbaohui wanted to go up but Polo did not follow and that's visible in the chart(s). That dynamic is too complex to draw simple conclusions out of it.

Plus: Let's say they announce: No more FCT's on Yuanbaohui. What would happen? The price would shoot up? It would be the opposite.

[nickhiggins123]

FCT needs to be taken down off of Yuanbaohui. They don't allow international customers, so arbitrage is impossible, and price on YBH is being suppressed to 35% cheaper than on Polo. Then they send massive amounts over, dump it on polo, and hoard the BTC back to China. They don't give a crap about FCT, it's just a tool for them to hoard more BTC. It needs to get off of that piece of !#$% exchange ASAP.

If you care about the price you should say thank you to Yuanbaohui every day. Most of the time the price was above Polo and the volume as well. And: The huge price rise in december started because of the combination of Azure and Yuanbaohui and Yuanbaohui had more impact on the price.

And: There were times when Yuanbaohui wanted to go up but Polo did not follow and that's visible in the chart(s). That dynamic is too complex to draw simple conclusions out of it.

Plus: Let's say they announce: No more FCT's on Yuanbaohui. What would happen? The price would shoot up? It would be the opposite.

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I know they are loving polo right now. The are at 410k and dropping at that, they can't arb fast enough lol