[ANN] FACTOM - Introducing Honesty to Record-Keeping

[CocoLibre]

A recent video from IFGS16 conference http://ifgs2016.innovatefinance.com/

https://youtu.be/jrA-FL3b8oA?t=1s

[1715647677]

1715647677

[1715647677]

1715647677

[Piston Honda]

Sad to see Factom lose it's top 10 place in marketcap. Also surprising to see it drop much more than other cryptos. Strange given it's huge potential. Perhaps when milestone 2 is released the market will feel more confident with Factom. Hard to read to be honest but hey this is crypto.

Nothing special, these re just crypto speculations. Look at ether, it s has dropped big time as well and it has been the hottest crypto in the last few months.

BTC went a bit up, April 15 and paying taxes in the US also influenced this and more importantly, it takes a lot of time for a currency/token to grow to a point where it s not volatile and faces less speculation.

Be patient and grow your stash. Real investors are INCREDIBLY patient. The rest are just weak hands or speculators.

Very good points. I'm accumulating. Good times ahead.

fucking OUCH.
hope this shit recovers.

[Freckleg]

how do you obtain/download Paper Mill? Github states for the binaries that the file is too big to show.

So now what if I want to cold store FCT?

thanks for your help

It's not a big file. Just click on the Hyperlink in the text for your OS:
https://www.factom.com/howto/factoidpapermill/

And if you should be on Windows it could be that it just opens and closes immediately. You can prevent that by opening the terminal first and dragging the papermill into it --> enter.   

thanks I went to github directly, for some reason that did not work, the link does

[crazyivan]

Sad to see Factom lose it's top 10 place in marketcap. Also surprising to see it drop much more than other cryptos. Strange given it's huge potential. Perhaps when milestone 2 is released the market will feel more confident with Factom. Hard to read to be honest but hey this is crypto.

Nothing special, these re just crypto speculations. Look at ether, it s has dropped big time as well and it has been the hottest crypto in the last few months.

BTC went a bit up, April 15 and paying taxes in the US also influenced this and more importantly, it takes a lot of time for a currency/token to grow to a point where it s not volatile and faces less speculation.

Be patient and grow your stash. Real investors are INCREDIBLY patient. The rest are just weak hands or speculators.

Very good points. I'm accumulating. Good times ahead.

fucking OUCH.
hope this shit recovers.

As you can see, it has already started recovering. Who lost? Only weak hands.
Weak hand always lose.

[Stein]

I bought!! Now if I can get my hands on some cheap Diamond *looks around* Hmmmm... lol

[Nxtblg]

As you can see, it has already started recovering. Who lost? Only weak hands.
Weak hand always lose.

Very good point.

[00lakhwinder00]

About 20% rise in a day @ poloniex 

[FACTOM]

Interesting article from Factom’s Chief Scientist Brian Deery, check it out and feel free to add your comments

https://redd.it/4eotn5

[xuweidiy]

Milestone 2 now about how kind?

[MyFarm]

A recent video from IFGS16 conference http://ifgs2016.innovatefinance.com/

https://youtu.be/jrA-FL3b8oA?t=1s

Could someone please communicate to Peter Kirby that it's not a good idea for the CEO of a company to state, "Our regulators suck" in a widely public medium?

Factom executives are going to need to be much more sophisticated if they are to successfully traverse an immature regulatory environment in a beneficial manner.

Thank you.

[tempus]

Factom is on BIT.AC:


Multi-currency Wallet BIT.AC Allows Instant Cryptocurrency Exchanges

BIT.AC, a London-based crypto wallet, has a built-in exchange and accommodates 14 different cryptocurrencies. The wallet allows users to instantly convert from one cryptocurrency to another. Currencies include bitcoin, Ethereum, Litecoin, Peercoin, Dash, Monero, Factom, Dogecoin, Vericoin, Namecoin, Clam Project and Vertcoin.

Users can send cryptocurrency over email using the mobile wallet for Android smartphone users.

(...)

http://bitcoinjournal.de/multi-currency-wallet-bit-ac-allows-instant-cryptocurrency-exchanges/


Website: https://bit.ac

[The Bitcoin Co-op]

A recent video from IFGS16 conference http://ifgs2016.innovatefinance.com/

https://youtu.be/jrA-FL3b8oA?t=1s

Could someone please communicate to Peter Kirby that it's not a good idea for the CEO of a company to state, "Our regulators suck" in a widely public medium?

Factom executives are going to need to be much more sophisticated if they are to successfully traverse an immature regulatory environment in a beneficial manner.

Thank you.

But regulators *do* suck! 

[tempus]

Great Video:


Factom - Big Data on the Bitcoin Blockchain - BnkToTheFuture Case Study
https://www.youtube.com/watch?v=oNv45gw44Wg

[tempus]

This video is not really about Factom but about Ethereum and it's really interesting:

Costs vs. Benefits: My Experience with an Ethereum Smart Contract
https://www.youtube.com/watch?v=_90Y8mw_HVY

...but I think there is a funny combination: After explaining the experience with Ethereum, that was not really good, there comes Factom-advertising (at 5:03). And they're obviously convinced about Factom! ;-)

[tempus]

Very interesting (also about Honduras!):


Coinprism and Factom Present at Coinsilium London Blockchain Tech Lab

(...)

In the afternoon Factom, led by CEO Peter Kirby, described the working and intentions behind providing an unalterable record keeping system. Fundamentally, Kirby declared, Factom lets people prove data bits that have been recorded have not been altered since they were entered to Factom. Factom is a data layer that sits on top of the bitcoin blockchain and links into other prominent blockchains, such as Ethereum, and can publish hashes to provide unalterable and irremovable proof of existence.

Another issue that Factom is trying to solve is the problem of scalability, not only with carrying out a large number of transactions but also with locating specific data within the multitude of blocks. To achieve this and other goals, Factom are releasing different solutions, such as Factom Iris and Factom Hera. Iris gives the ability to build chains of data, allowing users to find data, and also allows users to comply with KYC, with identities able to be tracked over time. Kirby described that the next steps in this area was to allow the synchronising of multiple devices on one system of authority. In the future having sensors for devices which could automatically register data, whether pictures or records, instantly on Factom to provide immutable facts as and when they happen was noted as being a desirable achievement. On the other hand, Factom Hera is being designed as a private blockchain tool for massive scaling, on an Internet of Things city scale.

Next was a look at some use cases with Factom Apollo, a real-time auditing and verification tool which has been used to improve areas such as mortgage transfer. Here Kirby also confirmed that the Honduras project, where Factom aims to secure land title records, had progressed further after the project had been reported as being delayed at the end of last year. Currently being trialled in a few cities, it is hoped that it will be completed this year.

The choices behind some of Factom’s funding decisions were also explained. By using factoids as a cryptocurrency to purchase credits, Factom hopes to remove the desire for hackers and attacks to target them as, when converted into entry credits, there is no ability to exchange credits back to factoids or other Cryptocurrency. The only benefit a hacker would gain would be the ability to write on Factom, not monetary gain. The decision to require payment before writing was also taken to reduce the chance of people submitting spam or carrying out DDOS attacks.

Overall, the Blockchain Tech Lab had an overwhelmingly positive outlook for blockchain technology and attendees were excited to find out the many possibilities that were available and being developed.
http://allcoinsnews.com/2016/04/16/coinprism-and-factom-present-at-coinsilium-london-blockchain-tech-lab/

[realrover]

A new multi-currency web + android wallet with Factom and 12 other coins support is on the block. Instant conversion between coins in the wallet and sending to another member. Looks promising and free us from command-line Factom wallet management . Check it out if interested: https://bit.ac/?ref=5711c2f39fed2.

[crazyivan]

A new multi-currency web + android wallet with Factom and 12 other coins support is on the block. Instant conversion between coins in the wallet and sending to another member. Looks promising and free us from command-line Factom wallet management . Check it out if interested: https://bit.ac/?ref=5711c2f39fed2.

Really? A referral link?

Pls remove the link, it is not allowed to post ref links in the body text.

Not to mention the website looks fishy big time. No data about people behind it or anything. I assume this project has never had any contact with Factom devs?

[MaGNeT]

A new multi-currency web + android wallet with Factom and 12 other coins support is on the block. Instant conversion between coins in the wallet and sending to another member. Looks promising and free us from command-line Factom wallet management . Check it out if interested: https://bit.ac/?ref=5711c2f39fed2.

Really? A referral link?

Pls remove the link, it is not allowed to post ref links in the body text.

Not to mention the website looks fishy big time. No data about people behind it or anything. I assume this project has never had any contact with Factom devs?

I would certainly advice to sandbox it first (and use a good antivirus).

[Jack Russell]

 https://i.imgur.com/useNrUW.gif

[Sjacmur]

Nice price rising today on Poloniex