[ANN] FACTOM - Introducing Honesty to Record-Keeping

[Blazin8888]

FACTOM AT DEVCON1: https://youtu.be/bLzwYthfcVc?t=2s  (Factom talk starts towards the end. Around 24min in.) Entire video is awesome though!  Agree. I look at FCT as more of a share. The fact they own half does not concern me. It would obviously be in their best interest to hold that stake. The implications of their product are massive. Some people may attempt to manipulate the market but this wont last long. When people start to realize this will be very valuable in the years to come. Weather you like it or not FACTOM is making real world deals. China smart city, DHS deal with US GOV. There are bound to be more in the pipeline. The versatility of FCT is what make it very appealing also. It could potentially support major projects such as Ethereum, Storj, MAID in the years to come.  Even BITCOINS bloat issue... see gavinandresen.ninja/it-must-be-done-but-is-not-a-panacea    (factom mentioned)

[Azael]

Higher price means a more secure network as more resources are put in to compete. People tend to forget that when speaking about incentive. Developers do not want to discuss prices not because they don't care but because it's unprofessional to do so.

[Blazin8888]

Higher price means a more secure network as more resources are put in to compete. People tend to forget that when speaking about incentive. Developers do not want to discuss prices not because they don't care but because it's unprofessional to do so.

Dont forget there are a ton of laws regarding investment advice and securities in the USA. FACTOM is on top of their game in this field. They are dealing with entities such as the DHS and can not afford to make childish like comments on the price of FCT. USE your brains. Study what they are doing and what their vision is. If you believe in them. Invest. Do your own research.

[Azael]

Higher price means a more secure network as more resources are put in to compete. People tend to forget that when speaking about incentive. Developers do not want to discuss prices not because they don't care but because it's unprofessional to do so.

Dont forget there are a ton of laws regarding investment advice and securities in the USA. FACTOM is on top of their game in this field. They are dealing with entities such as the DHS and can not afford to make childish like comments on the price of FCT. USE your brains. Study what they are doing and what their vision is. If you believe in them. Invest. Do your own research.

That is also true. Most seems to think basic laws don't apply just because we're in crypto. But Factom is in the real world doing real groundbreaking work under their real names and in the real world you play by the rules or go to jail. I like that Factom is setting a good example for other crypto to follow.

I can see their vision and I believe in what they want to achieve thus I invest.

[Azael]

@HSTodayMag: @dhsscitech awards $199K to @factomproject for #IoT #Security.
http://www.hstoday.us/briefings/industry-news/single-article/dhs-s-t-awards-199k-to-factom-inc-for-iot-security/9810d61538bf08727ffeb05d6dcf6df1.html … #bitcoin #blockchain #fintech #tech

https://twitter.com/factomproject/status/746010028323155968

[whiteorg72]

Chinese exchange Yuanbaohui.com which traded factoids changed its name. The new name - Yuanbao.com
https://www.yuanbao.com/coins
http://coinmarketcap.com/exchanges/yuanbao/

[crazyivan]

10% dump? Why is this? BTC did go up a bit but Eth has not moved regarding price.

Any meaningful explanation other then just another dump wave which will be followed by guess what......

[flashbit]

10% dump? Why is this? BTC did go up a bit but Eth has not moved regarding price.

Any meaningful explanation other then just another dump wave which will be followed by guess what......

Rage dump or simply manipulation.

People either love or hate factom

[Azael]

Factom used to be a top 10 coin and now it's barely hanging on to top 20. It's being surpressed badly and trading well below the valuation venture capitalists has given to the Factom network.

[greentea]

10% dump? Why is this? BTC did go up a bit but Eth has not moved regarding price.

Any meaningful explanation other then just another dump wave which will be followed by guess what......

Rage dump or simply manipulation.

People either love or hate factom

Most likely a whale or large holder selling out as it all happened within 5 minutes.  see where price settles EOD

[crazyivan]

Factom used to be a top 10 coin and now it's barely hanging on to top 20. It's being surpressed badly and trading well below the valuation venture capitalists has given to the Factom network.

Why is this? I suppose you ll say cause of my trolling.

[Azael]

10% dump? Why is this? BTC did go up a bit but Eth has not moved regarding price.

Any meaningful explanation other then just another dump wave which will be followed by guess what......

Rage dump or simply manipulation.

People either love or hate factom

Someone saw the Bitcoin rally and decided it would be good to sell his 80,000 FCT into the buy side. I scooped some of it up with a joke bid that I had up.

That's really no way to exit a position though. Had he just sold it over day he would've exited with a lot more.

I buy on average 2000-9000 Factom per day and sell much less than that and more responsibly.

[Azael]

Factom used to be a top 10 coin and now it's barely hanging on to top 20. It's being surpressed badly and trading well below the valuation venture capitalists has given to the Factom network.

Why is this? I suppose you ll say cause of my trolling.

I never said that. Here's to refresh your memory:

I have no stake in Factom anymore

Yet you're here to spread rumors.

That being said, I have no interest in Factoid price going up or down

Right and yet you're here to talk about just that. I don't think your sleazy tactics to short the market is fooling anyone.

What I did is, sold FCT and switched to Ether.

However, I ve been around long enough to understand when a company promises something to be delivered by the end of Q1 and then get to be late 4 months, something s usually going on.

Ethereum was delayed by almost a year. Obviously you've been around long enough to learn zilch about software development.

Again, I m expressing my personal opinion, I m not trying to influence anyone, you all make your own choices. However, serving positive news in order to try to stage another short term pump can only benefit you, Azael, and a few others. I m not talking about that, I m talking about long term value of Factom which can be achieved only by increased transparency and added value from Factom development.

I took a dump on your unsubstantiated FUD by using publicly available information. They are indeed positive and disprove all the things you say. As for "development transparency" again check out https://github.com/FactomProject/ but then again you know nothing about software development and that is a problem with you and not Factom.

[Azael]

10% dump? Why is this? BTC did go up a bit but Eth has not moved regarding price.

Any meaningful explanation other then just another dump wave which will be followed by guess what......

Rage dump or simply manipulation.

People either love or hate factom

Most likely a whale or large holder selling out as it all happened within 5 minutes.  see where price settles EOD

Correct. The red candle was almost 80,000 FCT sold in one go down to 0.001421

[bandofgypsys]

Factom used to be a top 10 coin and now it's barely hanging on to top 20. It's being surpressed badly and trading well below the valuation venture capitalists has given to the Factom network.

There are two reasons for supression. Suppress to accumulate. Or suppression due to atrophy.

Remember there still hasn't been one mainstream crypto to actually be used by the masses. Not even btc. That makes every spike ever pure speculative movement. And some real investment by believers. But none of this adds up to an organic market.

There are teams who use coins to make money. I have a proof a PDF from about two years ago outlining which coins this Chinese group should focus on.

Be greatful FTC hasn't received the pump, it destroys the.community and takes years for ppl to trust anyone. It spiked sure but almost every coin spiked three months ago. It was just a pool of new speculators money sloshing around.

Top 20 is good.

[crazyivan]

Factom used to be a top 10 coin and now it's barely hanging on to top 20. It's being surpressed badly and trading well below the valuation venture capitalists has given to the Factom network.

There are two reasons for supression. Suppress to accumulate. Or suppression due to atrophy.

Remember there still hasn't been one mainstream crypto to actually be used by the masses. Not even btc. That makes every spike ever pure speculative movement. And some real investment by believers. But none of this adds up to an organic market.

There are teams who use coins to make money. I have a proof a PDF from about two years ago outlining which coins this Chinese group should focus on.

Be greatful FTC hasn't received the pump, it destroys the.community and takes years for ppl to trust anyone. It spiked sure but almost every coin spiked three months ago. It was just a pool of new speculators money sloshing around.

Top 20 is good.

Top 20 s not good. Top 3 s good, max. The rest is just copy of a copy. This market s not large enough for so many crypto.

[Azael]

Factom used to be a top 10 coin and now it's barely hanging on to top 20. It's being surpressed badly and trading well below the valuation venture capitalists has given to the Factom network.

There are two reasons for supression. Suppress to accumulate. Or suppression due to atrophy.

Remember there still hasn't been one mainstream crypto to actually be used by the masses. Not even btc. That makes every spike ever pure speculative movement. And some real investment by believers. But none of this adds up to an organic market.

There are teams who use coins to make money. I have a proof a PDF from about two years ago outlining which coins this Chinese group should focus on.

Be greatful FTC hasn't received the pump, it destroys the.community and takes years for ppl to trust anyone. It spiked sure but almost every coin spiked three months ago. It was just a pool of new speculators money sloshing around.

Top 20 is good.

Good post and I agree I was just stating that. We have a lot of things to go on in Factom such as a sound economic model to grow from as well as a value proposition and where venture capitalists has ultimately valued the Factom network at seed around $11M. This is quite rare information to have in crypto.

What I'd like to see is growth to both network in terms of users and entry credits but in price as well. I'm not shy about that. Factom is going towards decentralization and higher price means a more secure network as better resources are put in to compete for rewards that become increasingly scarce.

There's also huge incentive for larger holders to accumulate now and not later as Factoms will be burned and thus increasingly scarce. At some point in time assuming increasing entry credit usage https://docs.google.com/spreadsheets/d/1RUZLxxoAfT3C5jIJ144DLYdztYe_sqrKqbTlZuD05-s/edit#gid=445871101 this will outweigh the new FCTs created every month.

A low price at this point in time and in the start of widespread EC conversion is beneficial for accumulators since that way we're burning more FCTs since ECs are pegged to USD. What we define as low depends on perspective. Through a pure market perspective I prefer more liquid and deeper markets that comes from increased margin for longs on the buy side. Something like $20-40M is where I would like to see it go as accumulating for long-term larger holding there is still ridiculously good in due time assuming EC usage increase at the same accellerating pace.

[tempus]

The dump seems to be a reaction on the little Bitcoin "pump" after it's low at $ 560. And it wasn't just Factom that got a hit. I believe that people hoped alts would react with more up-dynamic on the Bitcoin-drop. Now it can be expected that Bitcoin found it's base and goes back up and that might bring some pressure on alts because many bet on the Halving, maybe new ATH's for Bitcoin. That's a problem for other markets since weeks.

I personally don't expect that Bitcoin just will shoot up again but that it will be very volatile which will make it hard to find the best position. For me that's just another reason that Factom is my Nr. 1. It feels more safe than Bitcoin. And if Bitcoin should explode to new ATH's I will take the loss first. I count on a dynamic like Litecoin had it in late 2013.

[Azael]

Top 20 s not good. Top 3 s good, max. The rest is just copy of a copy. This market s not large enough for so many crypto.

Ethereum did not launch at top 3 so by your logic you're shilling a copycat which we both know that Ethereum is not.


Ethereum is roughly 1/10th of Bitcoins market cap now. That doesn't mean 1,784,670~ Bitcoins could be converted from ETH. Add fiat conversions to a currency into the equation and you realize that something doesn't need to follow the constraints of crypto total mcaps you see at first glance to become highly valued. There can be fiat influx and investors holding on to their coins causing the supply trading to be less than the total supply.


Consider you want to use a lot of entry credits in the future and you believe that the current price is low. Then your best course of action would be to buy Factoids now with no intention of selling or trading them and wait a bit for the price to increase to use them.


And you talk a lot about "pump" and "dump" but be reminded by two things: ETH pumps and dumps a lot. And for a crypto that succeeds it's not going to stay under a hundred million market cap so a "pump" is inevitable if success is achieved. Crypto is just a dot in the universe of finance.

[Soul_eater_123]

10% dump? Why is this? BTC did go up a bit but Eth has not moved regarding price.

Any meaningful explanation other then just another dump wave which will be followed by guess what......

It was me.  I accidentally pressed several wrong buttons.  Apologies.