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flashbit
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May 31, 2016, 03:46:42 AM |
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Tiana indicates in the video that Factom is now up to 27 people in Austin and also with other teams all over the world. Didn't they just have 10-15 early last year? Very impressive. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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BrianDeery
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May 31, 2016, 07:06:30 AM |
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I Just visit the Entry credit store and found out that the Entry credits got cheaper ( a lot cheaper )
Wasnt the price 1000 entry coins for 20$ ? Now for $20 you can buy a total of 4000 entry coins.
No wonder the price is tanking like crazy.
Now you need at least more then 3,5k entrys each block to keep the dollar mark to level out with the inflation, this actually is
insane that they didnt even told anyone or keep a bloq post they just changed it. Is this a way to stock pile a lot Fct for themself.
At Tierion they still ask $25 for 1500 records a month.
Can we have feedback on this Factom Team, and what are the Future ideas about this can you just keep lower it and actually burn our coin price?
Do you actually care about investors that supported your project ?
I used to like this project a lot, but there to lazy to make any comment on the forum that can take up to 10 minutes, Bloq post are almost not made.
We heard the community and took action. ...
What i dont understand is if the retail price is much more expansive then the Factoid price atm,
...
So if your all selling the Entry coins now and burning your factoids for that, doesnt that mean that your taking a profit on top of your
factoids and for every entry coins you sell you can buy more coins?
....
Indeed the margins were at a high level. Factom, Inc margins are now lower. Wholesale prices ($/EC at the protocol level) have stayed the same since the community responded 2 months ago. |
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Mrboot
Legendary
 Offline
Activity: 1204
Merit: 1000
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May 31, 2016, 09:40:02 AM |
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I Just visit the Entry credit store and found out that the Entry credits got cheaper ( a lot cheaper )
Wasnt the price 1000 entry coins for 20$ ? Now for $20 you can buy a total of 4000 entry coins.
No wonder the price is tanking like crazy.
Now you need at least more then 3,5k entrys each block to keep the dollar mark to level out with the inflation, this actually is
insane that they didnt even told anyone or keep a bloq post they just changed it. Is this a way to stock pile a lot Fct for themself.
At Tierion they still ask $25 for 1500 records a month.
Can we have feedback on this Factom Team, and what are the Future ideas about this can you just keep lower it and actually burn our coin price?
Do you actually care about investors that supported your project ?
I used to like this project a lot, but there to lazy to make any comment on the forum that can take up to 10 minutes, Bloq post are almost not made.
We heard the community and took action. ...
What i dont understand is if the retail price is much more expansive then the Factoid price atm,
...
So if your all selling the Entry coins now and burning your factoids for that, doesnt that mean that your taking a profit on top of your
factoids and for every entry coins you sell you can buy more coins?
....
Indeed the margins were at a high level. Factom, Inc margins are now lower. Wholesale prices ($/EC at the protocol level) have stayed the same since the community responded 2 months ago. Thanks for the feedback, and thats fair enough, cause you were able to lower the price by 4 times, i guess that will be good for adoption. and makes it more interresting to join for company's , specialy with competition joining the market. Is there any progress with milestone 2 ? On tiana twitter she said its beeing tested right now, but the only think going around here is right around the corner. We understand that software might take longer then expected but end of q1 till now is long without any update about M2. This lower the trust and price, cause investors wanna know whats going on. We understand we cant have a exact date but can you not give a indication are we talking about a week, a month or months? |
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flashbit
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June 01, 2016, 01:05:32 AM |
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About to break 2 million!!! |
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Fern
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June 01, 2016, 04:25:47 AM |
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About to break 2 million!!! Now with 27 employees with teams in China, Honduras and America. |
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crazyivan
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Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
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June 01, 2016, 06:09:48 AM |
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About to break 2 million!!! Nice, finally some good news. Still waiting for M2 though. |
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CocoLibre
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June 02, 2016, 01:50:56 AM |
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Took long enough for someone on polo to step up and arb to higher prem in china. Seems like since FCT trades in yuan it can have some insulation to a rising BTC, its not bulletproof but better than having a solo BTC ratio on one market like 99% of the protocols. Also considering Yuanbaohui doesn't have margin the trading is an organic market and should reflect the actual supply/demand metrics of FCT vs polo which has alot of bots trading on over-leveraged positions which are vulnerable to big margin liquidations and price slippage as we saw this weekend.
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CocoLibre
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June 02, 2016, 02:13:39 AM |
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Yes, seems like things are moving along regardless of the market volatility and certain individuals impatience, also appears that Factom should be raising more capital this year regarding this statement. "During the remainder of 2016, we anticipate at least three of our investee companies will be raising further funds" As usual the cryptocurrency market has no idea what is going on behind the scenes and is mispricing the potential this protocol will have longer term. Everyone is so used to vaporware and the standard pump/dump altcoin scam they are exercising pure risk off sentiment and disregarding the fundamentals of this project. I hope everyone is loading these dips, post M2 we will see a flurry of positive news, its unlikely FCT trades below $1 for much longer. |
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crazyivan
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Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
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June 02, 2016, 07:37:13 AM |
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We need more focus on the this upcoming improvements. What can make Factom great is its ability to differentiate itself from bunch of other alts. I know people re gonna argue it s a token, not coins but still I strongly believe both sides need to be involved into growth of this coin, investors and users of entries.
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Mrboot
Legendary
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Activity: 1204
Merit: 1000
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June 02, 2016, 11:22:04 AM |
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Factom seems to get some market momentum up, but serieus @Brian are you guys gonna take another 2 months delay or what ?
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tempus
Legendary
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Activity: 1960
Merit: 1128
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June 02, 2016, 02:53:44 PM |
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Nice! Their tweet is just 15 min old: Thrilled to work with Rongdu Technology to build #Blockchain #FinTech Solutions in #China. https://www.factom.com/rongdu-technology-and-factom-inc-partnership/ … https://twitter.com/factomproject/status/738378758705537028Could be a really good deal: "About Rongdu Rongdu provides digital financial solutions to enterprises and is known for having introduced Fintech systems in China. Their innovative approach has marked them as a leader in the fintech industry. Rongdu has partnerships with more than 1000 well-known enterprises and their customers include banks, fund securities institutions, leasing companies, guarantee companies, and many more within the financial industry. Visit erongdu.com to find out more." |
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cryptonit
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Activity: 3038
Merit: 1053
bit.diamonds | uNiq.diamonds
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June 02, 2016, 03:01:10 PM |
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neo1947
Sr. Member
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Activity: 449
Merit: 250
don t touch my Bits
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June 02, 2016, 06:54:29 PM |
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Great news they are, well done Factom community and Dev and still believe big news has not arrived yet.
Thanks everybody.
Regards
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flashbit
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June 03, 2016, 02:45:09 AM |
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http://www.businessinsider.sg/goldman-blockchain-beyond-the-hype-practical-uses-2016-5/4/#.V1Duw4DH6rUUse case: Put property records on the blockchain so that prospective buyers can quickly, easily, and cheaply verify that the owner of a house really does own the place. At present, this process is done manually. Not only is that costly, there’s also a greater chance of errors, which could add to costs. Goldman looks at the specific-use case in the US for something called title insurance, which is usually required by lenders issuing a mortgage to protect their interests. The bank says: “Homeowners buying or re-financing property are subject to significant transaction costs, including title insurance, where the title search process can be labor-intensive. Along with business process changes, blockchain could reduce title insurance premiums… by reducing errors and manual effort.” Users: BitFury, Factom/Epigraph. Market size: $2-4 billion of savings.
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