[ANN] FACTOM - Introducing Honesty to Record-Keeping

[MyFarm]

3.7 is out.  Looks like they finally tracked down the china firewall bug.

Block explorer stuck for anyone else?

[1714734007]

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[1714734007]

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[MyFarm]

Could anyone confirm if I get this right: I could use Factom block chain for making entries just by purchasing Entry Credits and I wouldn't need Factoids to do that. Is it correct?

You can buy Entry Credits directly so that you never have to "touch" a Factoid.  But the store you buy the EC's at is using Factoids to get Entry Credits.  So even if YOU bypass Factoids, they are still used by the store.  The store simplifies the process which is quite brilliant and should increase adoption.

[Thereisnospoon]

Could anyone confirm if I get this right: I could use Factom block chain for making entries just by purchasing Entry Credits and I wouldn't need Factoids to do that. Is it correct?

You can buy Entry Credits directly so that you never have to "touch" a Factoid.  But the store you buy the EC's at is using Factoids to get Entry Credits.  So even if YOU bypass Factoids, they are still used by the store.  The store simplifies the process which is quite brilliant and should increase adoption.

Finally got it-thanks for your clear answer.

[crazyivan]

....and the price s going back up. So who lost? Only people who were too naive to dump.

Weak hands always lose.

[tempus]

....and the price s going back up. So who lost? Only people who were too naive to dump.

Weak hands always lose.

Yes, that was kind of panic-dumping because of the rising Bitcoin-price. But it was (and still is in my opinion) clearly oversold.

[rakesh1_90]

its a very good investment at this price too. I am here from the ICO times and am still buying more everytime  i get it low. Like yesterday....

[crazyivan]

....and the price s going back up. So who lost? Only people who were too naive to dump.

Weak hands always lose.

Yes, that was kind of panic-dumping because of the rising Bitcoin-price. But it was (and still is in my opinion) clearly oversold.

That was someone in possession of a few hundred thousand FCT being scared for their investment. Unfortunately, that person lost a lot. Really a lot.

Best advice s whenever u see lots of red candles, stay away from trading if you believe in the coin.

[Cryptorials]

....and the price s going back up. So who lost? Only people who were too naive to dump.

Weak hands always lose.

Yes, that was kind of panic-dumping because of the rising Bitcoin-price. But it was (and still is in my opinion) clearly oversold.

That was someone in possession of a few hundred thousand FCT being scared for their investment. Unfortunately, that person lost a lot. Really a lot.

Best advice s whenever u see lots of red candles, stay away from trading if you believe in the coin.

Sometimes ppl think whales are like gods manipulating things behind the scenes and being in control of everything. I guess sometimes that happens, but a lot of the time I think they don't really know what they are doing and are shitting themselves because they have so much money on the line.

[LadyK]

its a very good investment at this price too. I am here from the ICO times and am still buying more everytime  i get it low. Like yesterday....

How much was the ICO price?

[Soul_eater_123]

How much was the ICO price?

If I remember correctly I got about 1800 Factoids for 1 BTC (please correct me if I'm misremembering) but that would give a price of about 0.00056 BTC per Factoid.

[mybitcoin101]

This coin is a scam insta-mined like ribbitrewards. They both have the same people involved and travel the world off of your money.

[tempus]

This coin is a scam insta-mined like ribbitrewards. They both have the same people involved and travel the world off of your money.

Please, could you explain how there can be instamining when there is no mining?

And... no: http://www.ribbit.me/#team

[tempus]

The Parallel 2016 US Presidential Election


(...)

Austin-based Factom have launched various products to assist startups and institutional clients deploy and build blockchain-based applications. Due to the transparency of these networks, the solutions from Factom can be adapted to almost any organization. The organization also believes that its infrastructure could be implemented by governments, to develop decentralized and automated voting systems.

Factom have showcased their “Blockchain Apparatus” platform by conducting straw polls after GOP Republican debates around the USA. The voting platform creates non-financial distributed ledger records, and can be customized to accommodate different clients and their needs.

(...)

http://bravenewcoin.com/news/the-parallel-2016-us-presidential-election/

[Nxtblg]

Can we say carnage. Great time to buy.

In retrospect, it was. I wish I had bought more than a teeny bit.

[Soul_eater_123]

This coin is a scam insta-mined like ribbitrewards. They both have the same people involved and travel the world off of your money.

Lol - you have no idea what you are talking about.  Factom is as legit as they come.  Do some research before you post BS.

[FACTOM]

Our latest binaries v0.3.7.0 have been released, read more about it on our blog:

https://www.factom.com/factom-technical-update-binaries-v0-3-7/

[cryptonit]

Our latest binaries v0.3.7.0 have been released, read more about it on our blog:

https://www.factom.com/factom-technical-update-binaries-v0-3-7/

Factom Technical Update: Binaries v0.3.7

We are thrilled to release new Factom binaries and installers. They are now available on GitHub for Windows, Mac and Linux. Version 0.3.7.0 is an update touching primarily network improvements.

“Factomd was having trouble with the Great Firewall of China (GFW). We were finally able to track down what was causing factomd to fall behind from synchronization. Version 0.3.7.0 no longer falls behind when the GFW resets connections.” – Brian Deery, Chief Scientist

“Version 0.3.7.0 contains a number of infrastructure improvements which will expedite future continuous integration and database management functions.” – D. Robert Baker, Process Integration Manager

To get started, follow our guides for step by step instructions on how to install and use our software.

Milestone #2 is just around the corner. The next evolution of Factom moves us from one federated server to eight. The servers will build blocks collaboratively and rely on individual messages. Milestone #2 will also result in quicker confirmations when submitting data to be factomized, as well as faster Factoid confirmations.

If you are interested in becoming a Community Tester, please email brian@factom.org.

Thanks for being an awesome and supportive community,

The Factom Team

[cryptonit]

key sentence:

Milestone #2 is just around the corner.

[Nxtblg]

key sentence:

Milestone #2 is just around the corner.

I guess it's not:

If you are interested in becoming a Community Tester, please email brian@factom.org.

[crazyivan]

Great news. This kind of updates is something I like to see.

Will this have any effect on the price?