[ANN] FACTOM - Introducing Honesty to Record-Keeping

[Mrboot]

Blockchain – to Replace Government in Real Estate

http://fintechnews.ch/blockchain_bitcoin/real-estate-blockchain-to-replace-government-in-real-estate/3836/

As a solution, US technology start-up Factom announced in May 2015 that it had agreed to build a secure land title record system for the Honduran government using blockchain technology, in conjunction with title software company Epigraph. Transferring land records onto the blockchain, therefore, could be a reality in the not too distant future.

In doing so, Factom CEO Peter Kirby believes that Honduras’ land registry system would leapfrog many systems in the developed world. Although recent reports suggest that the partnership has stalled, Factom is adamant that progress is still being made, so it may take longer for the project to come to fruition than initially thought.

Ghanaian NGO Bitland also claims to be developing a blockchain-based system for entering land title records, in a bid to correct for the numerous failed attempts by the government to develop a fair and efficient land administration system. At present, courts in Ghana are reportedly being inundated with land dispute cases.

Bitland hopes to reduce this burden, and will use the Factom/Epigraph technology, as well as satellites and GPS to verify the accuracy of plots of land. Buyers will also be able to discover the last owner of property rights and land ownership disputes, while the disputes themselves can be made visible to the network, thus ensuring greater security. However, as with Honduras, much work is yet to be done.

Same news over and over again

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[crazyivan]

oh my merkle tree!! I think Factom is rising from the ashes  

I ll get back, no doubt there. But this will be the same level, the one from yesterday. For a more serious growth, we need M2.

[whiteorg72]

oh my merkle tree!! I think Factom is rising from the ashes  

It has already begun turning back Wait soon M2 from LaurenceTiana - https://twitter.com/LaurenceTiana/status/735886134320857089

[tempus]

Great article from Brian Deery:

Never loose your child’s birth certificate

Readers have asked us: how we can secure private data publicly on a blockchain and also keep it private? Specifically, how would Factom “never lose your child’s birth certificate?” It would be foolish to publish private data, such as a birth certificate, on a blockchain where the whole world can read it. However, if you only publish a hash of the data, it does not prevent the loss of data, it only gives a reference point to see if it changed. This is a great question and core to the ideas around data management on the blockchain.

When we talk about all the wonderful things that can now be done with a blockchain, it takes a little thinking outside the box. As Henry Ford said, “If I had asked people what they wanted, they would have said faster horses.” Blockchains can change the way we do things, not what we do. Our claim would be confusing if you thought of birth certificates from the perspective of the 20th century; sheets of paper issued by a certificate authority, like a government.

What probably comes to mind is a mere hash of a digital certificate on the blockchain. “If I delete my copy, how is the hash going to retrieve my document?” As many of you know, hashes are one way, you cannot derive the original content from a hash. Conversely, things like a birth certificate should not be published on a blockchain because then anyone could read them. So how does one create a record that can never be lost?

(...)

https://www.factom.com/never-loose-your-childs-birth-certificate/

[CryptoVision]

This day is tough to most of the altcoins.

[ancientcoins]

my first target would be 0.02btc thats still gives us a market cap of only 82million dollars

[BrianDeery]

I thought it was a good idea to reference a decade and a half old internet meme in the article.

[crazyivan]

Too late to sell now. Keep holding and wait for M2. Let us hope it ll propel Factom where it should be.

[Arvydas77]

I think that it is not the end of the drop of Factom. DAO and Waves are coming before it was Lisk jump to TOP 10 crypto. FCT really can go to nothing. From the technological point of view there are a lot of promises but no actual results.

[Soul_eater_123]

I think that it is not the end of the drop of Factom. DAO and Waves are coming before it was Lisk jump to TOP 10 crypto. FCT really can go to nothing. From the technological point of view there are a lot of promises but no actual results.

Actually if you knew what you were talking about you would see that most alts are in free fall due to the BTC rise.

[crazyivan]

For now, the smartest thing is to stay away from the market until things settle. Selling now would be huge loss compared to peak price which was 5x what we have now. Play smart, control your feelings.

[crazyivan]

BTW, thx a lot Factom team. Due to your incompetence to deliver M2 on time, u ve cost us all a lot of money.

THANK YOU FOR THAT.

[tempus]

Interesting topic about Ethereum and Factom (with answer of Paul Snow):

https://www.reddit.com/r/ethtrader/comments/4lb6n4/ethereum_factom_insight_appreciated/

[MyFarm]

BTW, thx a lot Factom team. Due to your incompetence to deliver M2 on time, u ve cost us all a lot of money.

THANK YOU FOR THAT.

Actually, it's your incompetence as a trader/investor.  It's pretty easy to setup a hedge to protect yourself against moves contrary to your primary position.

[Bagatell]

BTW, thx a lot Factom team. Due to your incompetence to deliver M2 on time, u ve cost us all a lot of money.

THANK YOU FOR THAT.

Actually, it's your incompetence as a trader/investor.  It's pretty easy to setup a hedge to protect yourself against moves contrary to your primary position.

Agreed.

I don't normally see Ivans posts. He really is crazy!

[IOTUSA]

BTW, thx a lot Factom team. Due to your incompetence to deliver M2 on time, u ve cost us all a lot of money.

THANK YOU FOR THAT.

Actually, it's your incompetence as a trader/investor.  It's pretty easy to setup a hedge to protect yourself against moves contrary to your primary position.

No one hedges alrcoins. That defeats the entire purpose of trading swing coins. This isn't a 401k

[MyFarm]

BTW, thx a lot Factom team. Due to your incompetence to deliver M2 on time, u ve cost us all a lot of money.

THANK YOU FOR THAT.

Actually, it's your incompetence as a trader/investor.  It's pretty easy to setup a hedge to protect yourself against moves contrary to your primary position.

No one hedges alrcoins. That defeats the entire purpose of trading swing coins. This isn't a 401k

I do.

I've cost-averaged into a large long position as fundamentals have dictated.  As technicals tell me downturns are imminent, I take short positions to hedge my position and close those as price action improves all the while lowering my cost basis.

It's not rocket science.

[ancientcoins]

Heard rumor on polo M2 coming June 1st..

Factom team any truth to this?

nope no date most likely someone who just bought looking for quick profit by generating hype

[crazyivan]

BTW, thx a lot Factom team. Due to your incompetence to deliver M2 on time, u ve cost us all a lot of money.

THANK YOU FOR THAT.

Actually, it's your incompetence as a trader/investor.  It's pretty easy to setup a hedge to protect yourself against moves contrary to your primary position.

Dude, this is fucking crypto investment, not fortune 500 $6 million investment. Who the fuck sets up a hedge for this unless u invest big time? I m no day trader or speculator like you, I structured and based my whole investment on Factom idea and the ability of the people behind this idea to deliver it. Also on the fact M2 will be delivered Q1. When it was not delivered within that date, the next promise was "just around the corner" after the end of Q1. Where are we now? 3 months after the end of Q1 is a bit too long.

That s why I am upset. Not cause of the amount invested cause it s not that significant anymore. I simply do not appreciate being lied to. I see you probably enjoy that since u do not mind.

[Mrboot]

BTW, thx a lot Factom team. Due to your incompetence to deliver M2 on time, u ve cost us all a lot of money.

THANK YOU FOR THAT.

Actually, it's your incompetence as a trader/investor.  It's pretty easy to setup a hedge to protect yourself against moves contrary to your primary position.

Dude, this is fucking crypto investment, not fortune 500 $6 million investment. Who the fuck sets up a hedge for this unless u invest big time? I m no day trader of speculator like you, I structured and based my whole investment on Factom idea and the ability of the people behind this idea to deliver it. Also on the fact M2 will be delivered Q1. When it was not delivered within that date, the next promise was "just around the corner" after the end of Q1. Where are we now? 3 months after the end of Q1 is a bit too long.

That s why I am upset. Not cause of the amount invested cause it s not that significant anymore. I simply do not appreciate being lied to. I see you probably enjoy that since u do not mind.

Indeed they dont keep there promise, make own profit with entry coins selling so their oke, and they cant even be bother to comment on bitcointalk.

What can i say, like this the coin never will rise cause people will only be happy to sell at buy price.