[ANN] FACTOM - Introducing Honesty to Record-Keeping

[Mrboot]

The falling FCT-price has nothing to do with Factom. It's because of the rising Bitcoin-price.

Price factoids falls not because of Bitcoins (the cost of Bitcoin has risen slightly), but due to the fact that there is no further progress which would be seen, Milestone 2 simply can not finish, to go to the Milestone 3.
Now the Factom team stuck with Milestone 2 and some people think that they will mark time with the Milestone 2 for a long time, there is some doubt that they will be able to finish it. Therefore, the cost falls factoids, Bitcoin only slightly affect the price cut.

I Think bitcoin price do influance it, and you know what they say buy when blood is on the street sell on news .

I think Factom have two possibilitys

one;
It will gain adoption in the business world and they deliver what they promise, then factom gonna be huge and then i dont mean $10 but 10 times that. But with that you hav to count in at least 2 years

Two;
They cant deliver and company's wont use it and it keeps floating around this price. what compared to the EC usage atm is overpriced. So it can easly drop much more.

[tyz]

I agree with you. The current development of Factom somehow remembers me to the development of Counterparty. The devs got stuck at a particular point and then there was no more real progress for a couple of months. I personally think about to decrease my stack, too, but I still gonna wait a couple of days, maybe weeks.

The falling FCT-price has nothing to do with Factom. It's because of the rising Bitcoin-price.

Price factoids falls not because of Bitcoins (the cost of Bitcoin has risen slightly), but due to the fact that there is no further progress which would be seen, Milestone 2 simply can not finish, to go to the Milestone 3.
Now the Factom team stuck with Milestone 2 and some people think that they will mark time with the Milestone 2 for a long time, there is some doubt that they will be able to finish it. Therefore, the cost falls factoids, Bitcoin only slightly affect the price cut.

[CocoLibre]

Keep the FUD up, I need some cheap FCT around $1 before the barrage of news hits. For those who forget go back in the thread to mid dec 2015 and look at the despondency and complete capitulation into the lows; smart money scooped up their fear and once again smart money is buying from the fear/impatient at a discount.

[whiteorg72]

Keep the FUD up, I need some cheap FCT around $1 before the barrage of news hits. For those who forget go back in the thread to mid dec 2015 and look at the despondency and complete capitulation into the lows; smart money scooped up their fear and once again smart money is buying from the fear/impatient at a discount.

All right. I bought last year factoids at an average price of 11 cents per factoid when many despaired and sold below the price ICO.

[whiteorg72]

Happy Bday to Factom Senior QA Analyst Veena Gondkar, thanks for all your hard work!
https://twitter.com/factomproject
https://twitter.com/veenagondkar



If you look at the photo, it can be seen in the Factom team has become more and more people.
I hope the celebration of birthdays and various anniversaries will not affect the basic work above M2.

[GetVisaCoin]

Happy Bday to Factom Senior QA Analyst Veena Gondkar, thanks for all your hard work!
https://twitter.com/factomproject
https://twitter.com/veenagondkar



If you look at the photo, it can be seen in the Factom team has become more and more people.
I hope the celebration of birthdays and various anniversaries will not affect the basic work above M2.

happy people, nice

[whiteorg72]

State of Blockchain Q1 2016: Blockchain Funding Overtakes Bitcoin.
http://www.coindesk.com/state-of-blockchain-q1-2016/

[crazyivan]

This is all very nice and dandy but there s still only one question on the table. M2?

[CocoLibre]

Usage chart was updated with two new user application entries, Synapse and Aliyun. Looks like just a few test entries so far

https://docs.google.com/spreadsheets/d/1RUZLxxoAfT3C5jIJ144DLYdztYe_sqrKqbTlZuD05-s/edit#gid=445871101

[Soul_eater_123]

This is all very nice and dandy but there s still only one question on the table. M2?

I think you should just sell your Factom as you obviously no longer believe in the project.

[crazyivan]

This is all very nice and dandy but there s still only one question on the table. M2?

I think you should just sell your Factom as you obviously no longer believe in the project.

It s not that I do not believe in the project. All my other project I m involved with, I get to have a daily or at least weekly communication with the DEV team. With Factom team, it s once a month, maybe, if they feel like it. This makes me feel they care more about end users then Factoid holders which s also acceptable from business point of view.

However, this is not ACCEPTABLE from my point of view. Still, no point in polluting the thread with this argument, I understand I am not relevant for Factom at all so let s drop it.

[tempus]

Usage chart was updated with two new user application entries, Synapse and Aliyun. Looks like just a few test entries so far

https://docs.google.com/spreadsheets/d/1RUZLxxoAfT3C5jIJ144DLYdztYe_sqrKqbTlZuD05-s/edit#gid=445871101

Wow, that are good news! It's presumably just testing at the moment, but definitely promising.


Not sure if it's about those two companies, but if, it would be great:

http://www.thesynapses.com/home

https://en.wikipedia.org/wiki/Yun_OS (....also called Aliyun OS)

[whiteorg72]

The ATXalist (AUSTIN A-LIST 2016) “emerging” startup winners are embarkvet, Factom project, theIdealSpot and re_3D.
http://austinalist2016.splashthat.com/twitter
https://twitter.com/hashtag/ATXalist
https://twitter.com/factomproject



Factom made the A-List AustinChamber: 12 innovative companies named the Hottest Startups.
http://www.austinchamber.com/monkeewrench/files/news_items/A-List_Awards_Release-FINAL_2016.pdf

[whiteorg72]

On MyABJ: "Meet 12 Austin startups with breakout potential”.
http://www.bizjournals.com/austin/blog/techflash/2016/05/meet-12-austin-startups-with-breakout-potential.html

[GetVisaCoin]

This is all very nice and dandy but there s still only one question on the table. M2?

I think you should just sell your Factom as you obviously no longer believe in the project.

It s not that I do not believe in the project. All my other project I m involved with, I get to have a daily or at least weekly communication with the DEV team. With Factom team, it s once a month, maybe, if they feel like it. This makes me feel they care more about end users then Factoid holders which s also acceptable from business point of view.

However, this is not ACCEPTABLE from my point of view. Still, no point in polluting the thread with this argument, I understand I am not relevant for Factom at all so let s drop it.

crazyivan has a valid point, the interests of Factoid speculative holders is different to Factoid users now, so there is some conflict of interests here. I am a speculator too as I bought in the ico before everything was known, like everyone else, and I don't see myself using factoids anytime soon for their intended purpose. I want Factoids to moon so I make some returns, but the dev team probably don't care about that. Factoid users probaby want stable price.

[tempus]

This is all very nice and dandy but there s still only one question on the table. M2?

I think you should just sell your Factom as you obviously no longer believe in the project.

It s not that I do not believe in the project. All my other project I m involved with, I get to have a daily or at least weekly communication with the DEV team. With Factom team, it s once a month, maybe, if they feel like it. This makes me feel they care more about end users then Factoid holders which s also acceptable from business point of view.

However, this is not ACCEPTABLE from my point of view. Still, no point in polluting the thread with this argument, I understand I am not relevant for Factom at all so let s drop it.

crazyivan has a valid point, the interests of Factoid speculative holders is different to Factoid users now, so there is some conflict of interests here. I am a speculator too as I bought in the ico before everything was known, like everyone else, and I don't see myself using factoids anytime soon for their intended purpose. I want Factoids to moon so I make some returns, but the dev team probably don't care about that. Factoid users probaby want stable price.

There is no conflict of interest because between Investors in Factoids and User of Factom. User don't need to care about the price of Factoids. For them it's always about the price of Entry Credits which are fixed: $0.001 They don't even need to know about the existence of Factoids. They can buy EC's with Dollar - Credit-Card etc.

If there is a conflict, than it's about short- and longterm-investors. Short-term-speculation needs news, as much attention as possible, "hype" and "soon". For them it's about the communication of a team. Often enough they buy the announcement of an announcement to sell into the real release (buy the rumor, sell the news). Longterm-Investors want to see the real value increase: The use of the system. So, the system is priority. Second: Business side... partnerships. 

And kind of funny but also kind of weird is how Crypto changed/changes the feeling of time. A month is a year, so there should be something to celebrate at least once a month (exchange-christmas). I know that feeling. But for those who do all the work, a month is still a month.

[YoyodyneSystems]

Just a comment on price :

Bitcoin is in a cooling phase now for at least the next 3-4 weeks. Probably staying in the 440-460 range for up to the next month.
There is an opportunity for alt coin prices to take advantage of this window.

You may see Factom rise in this time frame
As well as some other alts.

[GetVisaCoin]

This is all very nice and dandy but there s still only one question on the table. M2?

I think you should just sell your Factom as you obviously no longer believe in the project.

It s not that I do not believe in the project. All my other project I m involved with, I get to have a daily or at least weekly communication with the DEV team. With Factom team, it s once a month, maybe, if they feel like it. This makes me feel they care more about end users then Factoid holders which s also acceptable from business point of view.

However, this is not ACCEPTABLE from my point of view. Still, no point in polluting the thread with this argument, I understand I am not relevant for Factom at all so let s drop it.

crazyivan has a valid point, the interests of Factoid speculative holders is different to Factoid users now, so there is some conflict of interests here. I am a speculator too as I bought in the ico before everything was known, like everyone else, and I don't see myself using factoids anytime soon for their intended purpose. I want Factoids to moon so I make some returns, but the dev team probably don't care about that. Factoid users probaby want stable price.

There is no conflict of interest because between Investors in Factoids and User of Factom. User don't need to care about the price of Factoids. For them it's always about the price of Entry Credits which are fixed: $0.001 They don't even need to know about the existence of Factoids. They can buy EC's with Dollar - Credit-Card etc.

If there is a conflict, than it's about short- and longterm-investors. Short-term-speculation needs news, as much attention as possible, "hype" and "soon". For them it's about the communication of a team. Often enough they buy the announcement of an announcement to sell into the real release (buy the rumor, sell the news). Longterm-Investors want to see the real value increase: The use of the system. So, the system is priority. Second: Business side... partnerships. 

And kind of funny but also kind of weird is how Crypto changed/changes the feeling of time. A month is a year, so there should be something to celebrate at least once a month (exchange-christmas). I know that feeling. But for those who do all the work, a month is still a month.

Good post! I didn't realise entry credits had a fixed price, and I agree that crypto time is accelerated to ridiculous extremes now where days feel like months in other industries. I consider myself a long term speculator, so I'm holding factoids for at least 1-2 years. I suppose anyone who doesn't day trade is thinking something similar now, hold until crypto is mainstream, then sell a % for a life changing return

[2c0de]

As a developer, I feel that Factom has a huge potential.

From record keeping to a trustless certification authority, the future is now.

[tempus]

This is all very nice and dandy but there s still only one question on the table. M2?

I think you should just sell your Factom as you obviously no longer believe in the project.

It s not that I do not believe in the project. All my other project I m involved with, I get to have a daily or at least weekly communication with the DEV team. With Factom team, it s once a month, maybe, if they feel like it. This makes me feel they care more about end users then Factoid holders which s also acceptable from business point of view.

However, this is not ACCEPTABLE from my point of view. Still, no point in polluting the thread with this argument, I understand I am not relevant for Factom at all so let s drop it.

crazyivan has a valid point, the interests of Factoid speculative holders is different to Factoid users now, so there is some conflict of interests here. I am a speculator too as I bought in the ico before everything was known, like everyone else, and I don't see myself using factoids anytime soon for their intended purpose. I want Factoids to moon so I make some returns, but the dev team probably don't care about that. Factoid users probaby want stable price.

There is no conflict of interest because between Investors in Factoids and User of Factom. User don't need to care about the price of Factoids. For them it's always about the price of Entry Credits which are fixed: $0.001 They don't even need to know about the existence of Factoids. They can buy EC's with Dollar - Credit-Card etc.

If there is a conflict, than it's about short- and longterm-investors. Short-term-speculation needs news, as much attention as possible, "hype" and "soon". For them it's about the communication of a team. Often enough they buy the announcement of an announcement to sell into the real release (buy the rumor, sell the news). Longterm-Investors want to see the real value increase: The use of the system. So, the system is priority. Second: Business side... partnerships. 

And kind of funny but also kind of weird is how Crypto changed/changes the feeling of time. A month is a year, so there should be something to celebrate at least once a month (exchange-christmas). I know that feeling. But for those who do all the work, a month is still a month.

Good post! I didn't realise entry credits had a fixed price, and I agree that crypto time is accelerated to ridiculous extremes now where days feel like months in other industries. I consider myself a long term speculator, so I'm holding factoids for at least 1-2 years. I suppose anyone who doesn't day trade is thinking something similar now, hold until crypto is mainstream, then sell a % for a life changing return

My strategy is nearly always the same: I buy into a project that I see as promising and then I watch the development over time. And that's never boring, because I highly focus on "context". Every piece of information, even if it doesn't seem to be directly relevant for a specific project, can be helpful to get a bigger picture, which is needed to evaluate correctly what is relevant. And over time it all together becomes clearer. In some projects I believe to see more negative than positive signs and I sell. In some it's the other way around and I buy more.

In Factom I bought nearly to all prices. Most of my FCT's in the first three months after launch, but I also bought in early January and I bought the last weeks after the "pump-n-dump" in march.

I still believe that a lot of ppl come to wrong conclusions about Factom because they try to understand and evaluate it out of a wrong context. But Crypto has already changed and Factom is one of the projects that are different, not just the system but also the team. Exactly that is good and not bad.