[ANN] FACTOM - Introducing Honesty to Record-Keeping

[Nxtblg]

Identity was the use case I was working on that motivated me to design NotaryChains (which became Factom).   My original idea was to have Factom out of the door by January 2015.   Turns out to be way harder than I gave it credit for.   But we are making some really good progress.

Once we get the protocol stable, Identity is certainly an area we will be working on.  We need it for Factom, after all!

Paul Snow

Speak o' the devil: how's this for coincidence in timing?

"India scans a billion irises in interest of national security"

The Indian government is proposing legislation which would allow federal agencies access to its enormous biometric database – which last week reached a rough total of one billion citizen records.

Citing national security, the step to share the data with other authorities comes at a time when the ruling Bharatiya Janata Party (BJP) is attempting to quell student protests and drive Hindu nationalism into the agenda for the upcoming state elections. A national stand-off has ensued between state repression, and those fighting for India’s ‘foundational’ ideas of intellectual freedom and tolerance.

The Aadhaar ID database scheme, launched in 2009, was established to support the streamlining of benefit payments and help control fraud and corruption. Data collected under the project is encrypted and stored within national data centres in Bangalore and Manesar.

Last Friday, Indian reports confirmed that the programme has now registered almost a billion individuals’ finger prints and iris scans.

Privacy advocates have expressed growing fears that an approval in parliament could ‘midwife’ a police state and launch a surveillance programme at both a larger and more intrusive scale than the National Security Agency’s (NSA) espionage campaign revealed by Edward Snowden in 2013.

Privacy advocates...

Anyhoo: thanks for the response, Paul. Or Mr. Snow.

[Mrboot]

If you see all this innovation and adoption you just wanna buy more and more factoms

[crazyivan]

If you see all this innovation and adoption you just wanna buy more and more factoms

My thoughts exactly. This re getting more and more interesting.

[BrianDeery]

According to the US congress, Paul Snow talks too much.

https://www.youtube.com/watch?v=wIGo9bpPV3A&feature=youtu.be&t=6271
https://www.youtube.com/watch?v=wIGo9bpPV3A&feature=youtu.be&t=7635

Nor will Merkle trees help the Cubs win.

https://www.youtube.com/watch?v=wIGo9bpPV3A&feature=youtu.be&t=4441

[bandofgypsys]

Good to see Paul had such a choice seat beside IBM:) Also that the IBM guy was so gitty/gushing over blockchain lol, exciting times.

[whiteorg72]

Energy and Commerce Committee Talks Bitcoin in Congressional Hearing.

"The panel of experts at the meeting included Circle CCO John Beccia; Coin Center executive director Jerry Brito; IBM vice president of blockchain technologies Jerry Cuomo; Factom chief architect Paul Snow; BuckleySandler LLP counsel Dana Syracuse; Coinbase counsel Juan Suarez; and Bloq co-founder Matt Roszak."

http://www.coindesk.com/us-congressional-subcommittee-holds-intro-hearing-on-bitcoin-and-blockchain/

[whiteorg72]

Here’s a suggestion for the face Paul Snow of Bitcoin from Michael Burgess, MD(@michaelcburgess).

Michael Burgess, MD
@michaelcburgess
Congressman for Texas' 26th District, M.D. (Ob/Gyn)
Washington, DC/Lake Dallas, TX
burgess.house.gov
https://twitter.com/michaelcburgess

[cameltoe]

Good to see Paul had such a choice seat beside IBM:) Also that the IBM guy was so gitty/gushing over blockchain lol, exciting times.

lol i couldn't agree more.

[whiteorg72]

Watch @DJohnstonEC discussing Factom with @queentatiana and @Vaultoro on @Libertydotme.
https://www.youtube.com/watch?v=UnRVFsyansc&feature=youtu.be&t=33m16s

[crazyivan]

....and after all this great international exposure, the price goes down even more. This adds to my previous claim, nothing moves this market but speculators.

[whiteorg72]

....and after all this great international exposure, the price goes down even more. This adds to my previous claim, nothing moves this market but speculators.

The more it goes down, so then more shots up

That's how it was. As we can see news on what does not influence. Markets can move only speculators. Without them, nor any currencies will not move. Where do you speculators sharks come back to FCT, we are waiting for you to have started FCT moving up again.

The same Bitcoin at one time without speculation would not be able to achieve higher rate over $1000.
Remember the two bots make Karpeles on MTGOX. Let there be speculation on FCT, Amen

FCT without speculators again goes to $1. You want to get the Factom without speculators, will now get to the very cheap FCT. The good news is not in demand.

Unfortunately we live in a world where nowhere to go without speculation. Besides the big money is make mainly on speculation.

[crazyivan]

....and after all this great international exposure, the price goes down even more. This adds to my previous claim, nothing moves this market but speculators.

The more it goes down, so then more shots up

That's how it was. As we can see news on what does not influence. Markets can move only speculators. Without them, nor any currencies will not move. Where do you speculators sharks come back to FCT, we are waiting for you to have started FCT moving up again.

The same Bitcoin at one time without speculation would not be able to achieve higher rate over $1000.
Remember the two bots make Karpeles on MTGOX. Let there be speculation on FCT, Amen

FCT without speculators again goes to $1. You want to get the Factom without speculators, will now get to the very cheap FCT. The good news is not wanted.

Well, even this dump was orchestrated by speculators. So they can buy more and pump again. That s my whole point, I do not want Factom become a pump and dump vessel. I d like to see real development, real usage and community growth based on that. But, this is all just empty words so I wont post about speculation anymore.

[dealeris]

Interesting conversations in the congress.
I did not expect Paul Snow can speak and present his technology that good.

He speaks from 1:10:40 to 1:16
https://www.youtube.com/watch?v=wIGo9bpPV3A

[stereotype]

Interesting conversations in the congress.
I did not expect Paul Snow can speak and present his technology that good.

He speaks from 1:10:40 to 1:16
https://www.youtube.com/watch?v=wIGo9bpPV3A

Actually, that blockchain explanation (signatures/hash's), would make sense to Joe Public's ear. Gonna use that. Nicely done Paul.

[whiteorg72]

All clear, now there is dumping on Ethereum, money Ethereum community that have been invested in FCT (when there was news of the accession Factom to the Ethereum blockchain) is also output. When will the start new pump on Ethereum, also on FCT start new pump. Dumping and pump now Ethereum and FCT almost simultaneously. Ethereum -20.78 %, FCT -19.08 % . Need wait.

[Mrboot]

entry's on explorer decreased about 90% people less use it or ? maybe there updating for milestone 2

[AlanX]

Good to see Paul had such a choice seat beside IBM:) Also that the IBM guy was so gitty/gushing over blockchain lol, exciting times.

Jerry and I both got the Bowtie memo too!  Tons of fun.

Paul

[bandofgypsys]

Good to see Paul had such a choice seat beside IBM:) Also that the IBM guy was so gitty/gushing over blockchain lol, exciting times.

Jerry and I both got the Bowtie memo too!  Tons of fun.

Paul

Yea but can you both come in on Saturday and fill out the TPS reports mmm k.

Awesome stuff Paul!

[bandofgypsys]

....and after all this great international exposure, the price goes down even more. This adds to my previous claim, nothing moves this market but speculators.

The more it goes down, so then more shots up

That's how it was. As we can see news on what does not influence. Markets can move only speculators. Without them, nor any currencies will not move. Where do you speculators sharks come back to FCT, we are waiting for you to have started FCT moving up again.

The same Bitcoin at one time without speculation would not be able to achieve higher rate over $1000.
Remember the two bots make Karpeles on MTGOX. Let there be speculation on FCT, Amen

FCT without speculators again goes to $1. You want to get the Factom without speculators, will now get to the very cheap FCT. The good news is not wanted.

Well, even this dump was orchestrated by speculators. So they can buy more and pump again. That s my whole point, I do not want Factom become a pump and dump vessel. I d like to see real development, real usage and community growth based on that. But, this is all just empty words so I wont post about speculation anymore.

I'm a damn good order book reader, I have another BTC account, ignore my newb status lol. I have to remember my password for my other account.
Anyhow.

Absolutely orchestrated and deliberate suppression in the order book. Sentiment was on their side as well, it wasn't difficult to scare newbie weak holders. IMO there was suppression on all the current top ten coins to accumulate.

Traditional bubble pattern dictates a single top, 90 degree pop followed by a strong double top most of the time. FCT chart in particular did have an almost 90 degree pop on the longer time frame charts. But... it didn't capitulate after the top, it was a very slow decline indicating strong albeit lingering bullish sentiment.

IMO all of these traders will reload their positions once they feel prices are too good to pass up, and they can get funds however and where ever. Keep in mind
a ton of new traders lucked out on ETH going 1000% they are hooked now and will tell all their friends about it. 

I have a target I feel they are trying to push to and will be watching. And hopefully doubling my position.

[crazyivan]

....and after all this great international exposure, the price goes down even more. This adds to my previous claim, nothing moves this market but speculators.

The more it goes down, so then more shots up

That's how it was. As we can see news on what does not influence. Markets can move only speculators. Without them, nor any currencies will not move. Where do you speculators sharks come back to FCT, we are waiting for you to have started FCT moving up again.

The same Bitcoin at one time without speculation would not be able to achieve higher rate over $1000.
Remember the two bots make Karpeles on MTGOX. Let there be speculation on FCT, Amen

FCT without speculators again goes to $1. You want to get the Factom without speculators, will now get to the very cheap FCT. The good news is not wanted.

Well, even this dump was orchestrated by speculators. So they can buy more and pump again. That s my whole point, I do not want Factom become a pump and dump vessel. I d like to see real development, real usage and community growth based on that. But, this is all just empty words so I wont post about speculation anymore.

I'm a damn good order book reader, I have another BTC account, ignore my newb status lol. I have to remember my password for my other account.
Anyhow.

Absolutely orchestrated and deliberate suppression in the order book. Sentiment was on their side as well, it wasn't difficult to scare newbie weak holders. IMO there was suppression on all the current top ten coins to accumulate.

Traditional bubble pattern dictates a single top, 90 degree pop followed by a strong double top most of the time. FCT chart in particular did have an almost 90 degree pop on the longer time frame charts. But... it didn't capitulate after the top, it was a very slow decline indicating strong albeit lingering bullish sentiment.

IMO all of these traders will reload their positions once they feel prices are too good to pass up, and they can get funds however and where ever. Keep in mind
a ton of new traders lucked out on ETH going 1000% they are hooked now and will tell all their friends about it.  

I have a target I feel they are trying to push to and will be watching. And hopefully doubling my position.

You target should be about 1/4 below what it is now. I dont think it ll ever go lower cause there s limited number of weak hands and speculators around. Anyway, I fully agree, pro traders are making so much money on newbies pouring their money in this high growth coins. Money they will never see again. Well, education is expensive, unfortunately.