I agree partially, Factom is an opportunity, it MIGHT deliver something in the future. It is a gamble but every big deal in past also was a gamble at some point. What I do not agree is the fact neither them and it seems nor you understand the marketing potential of Factoid holders. You can end up using full Factom potential by exchanging cash for entry credits and burning Factoids in the process. However, why not use thousands of Factoid holders to do big time marketing for you as well? What company would disregard that and focus only on data entry?
It's not wrong what you say here. Factoid-holders could spread the word - potentially. But: It's too early. Because we would not reach companies. They do. We would reach people like us - individuals. And it would make sense, also regarding Factom's use case, if there would be already applications for private persons. And if the system will have quality and more and more people understand what will be possible with Factom, it can be expected that there also will be a growing numbers of applications for private people - like photo-app's, easy-to-use apps to factomize files with drag and drop, maybe even something in the gaming sector, maybe some app's for artists and so on. There is a lot potential I believe.
But for now thousands of Investors would just make "marketing" for the market.
You do confirmed that, Factom does not provide any answers to Factoid holders, no marketing materials, no frequent updates, in one of their past posts they even say "WE DONT CARE".
No. I did not say that! I said: "They could be a little bit more communicative" and that I understand that they are not more communicative. I did not say that they don't give answers and it wouldn't be true to claim that. Because they do. Mostly Brian Deery and most of the times on reddit. But also here. And some questions are not really worth to answer because a lot of questions already imply lazy behavior. And I understand that they don't reply on all of those questions.
And there are also marketing materials. They did a lot of good marketing. Just look into the Ann of this thread. Watch their videos. There was this three days ago:
Factom Developer Insights - Paul Snow
https://www.youtube.com/watch?v=50gGy59cGq4This was some days before:
Factom Developer Insights - Brian Deery
https://www.youtube.com/watch?v=pcEZNeypL7MTwo days ago their announcement:
https://www.factom.com/smartcontract-factom-announce-collaboration/They're active on Twitter:
https://twitter.com/factom?lang=deI really don't know how you can say that they don't give frequent updates! Paul Snow talks about M2 by the way. He does not say when it will be released, but they are pretty open.
Why would any smart and product oriented team do that? That s simply very, very stupid. Even companies with billions in market cap do that, they still FOCUS on their small consumers and holders cause they do understand the value of marketing and the fact that clients and holders need to be satisfied.
See, what you do here is: First you make a claim that has no base to come to a conclusion that are based on that, which means there is no base!
And that is either a sign that you are not informed and that you don't really care about what they provide, or it is a manipulative attempt to make a point. And I believe it's both. If you would do it smarter I would even say: You are paid. I don't say that because I see no strategy. But that doesn't change the fact that you repeatedly spread des-info.
I also agree Ether does it much more differently and this is why the market has responded in much larger market cap, higher price and significant number of companies building stuff around Ether.
If Factom's marketcap would go to hundreds of millions of $ or even $1 bn now, it would be totally overbought. It wouldn't have base at this point. I mean, you can calculate how much demand it would need to give a high marketcap like that base. What you want is pump and dump - but why should they want it? For them it wouldn't even be good marketing because something like that gives an opposite signal of what they want. It always gives a shady impression! They would have to face questions about their intentions and priorities.
And exactly that are the questions to answer about Ethereum! You say "larger market cap, higher price" - but where is any base for such prices? Would a market cap of $50 Mio change anything in terms of use? Does it need a high Ether-price to execute smart contracts?
And where are useful smart contracts? Where are the businesses who really use Ethereum or just say that they will use it? What I know is that some companies use Ethereum to research Smart Contracts - but that is not the same. Because what I believe is: Ethereum is a laboratory and many are interested in it, also companies. But as a scientific project. They learn out of Ethereum and they also learn out of their mistakes and flaws in it's code. What they most likely learn is that overcomplex systems won't do a good job. I believe many learn now that Ethereum is no platform they should ever use.
So, if you can show me signifacant stuff - please. Maybe there is. I'm not totally informed. But what I know is that there was a research about smart contracts on Ethereum and a high percentage is totally buggy. And the fact that even Ethereum-Dev's were not able to develop theDAO secure, the fact that it was totally damaged already two weeks after launch - that says a lot.
And it's existence as hyped up and overfunded "social-experimental-investment-company-whatever-project" also showed priorities. TheDAO was the most revealing "thing" I've ever seen in Ethereum. I always believed that the market is manipulated and I believed that the team is involved. But: While manipulation is obvious but not unusual, I can't be sure and I can't prove involvement of the team.
But TheDAO showed much more. It showed the will to take a high risk for the eco-system to get funds for Ethereum itself. The slock.it-guys are members of Ethereum. And they developed theDAO. They wanted it to fund slock.it. They wanted a pretty high salary from theDAO to care about it's security! Monthly salary! They wanted to make a living out of it. If it would have gone as planned it would be the best deal ever. But, where would have been the real value? Slock.it? Other Ethereum-projects? Or was theDAO aimed to buy a farm?
Really, it's very interesting to watch and it's very revealing. I always were careful with Ethereum because I believe that complexity is risk and it all was way too fast in combination with a lack of precision. But theDAO: I call it shady. The hack is a result of bad code. But it's existence with such a high funding and the hype around it and that they hyped it with own millions - something was and is wrong with it. The Hard Fork is just another proof for me.
So, for me nothing is left in Ethereum. The price has zero base. Ethereum is a very ambitious project but totally damaged. The code seems to be deeply flawed (not my opinion, just what I've read), the immutability of the blockchain is injured, the credibility of the team went from 90% to 20% or even less, there is a competitor now on the original chain which could be called: Original Ethereum but abandoned from the original team! There will be most likely legal consequences and I'm not educated on that side but there will be most likely more concerning news.
What is good in Ethereum? Like I've said, I always were carefully and didn't buy. But I had a lot of respect because it is very ambitious and the team seemed to be professional. My opinion about it has changed now. If I should be forced to buy it, I would buy ETC and not ETH.
True, DAO was not delivered as it should. However, I d always go first for those transparent and consumer friendly ones. Why? Cause it s my money and I want to get something in exchange. I do not have a business related to data entry and without early investors Factom would not be where it is now.
Wow, just three lines and so much *********:
1. "True, DAO was not delivered as it should. However, I d always go first for those transparent and consumer friendly ones"
So, theDAO is consumer-friendly? What is consumer-friendly? TheDAO was Hacker-friendly. So yes. Let's say it was consumer-friendy.
Factom is not "consumer-friendly"? They focus highly on being customer-friendly. But you are a speculator or more a gambler.
2. "it s my money and I want to get something in exchange."
Ah, ok. So, who has your money? Factom?
The guy you bought from has your money. If you want "something" in exchange, go and sell your FCT's and you have BTC to invest in something "consumer-friendly". Maybe you'll find another money-burner. ;-)
3. "without early investors Factom would not be where it is now."
Not sure about that. The ICO wasn't that much money. And even if it was a start: You didn't buy into the ICO or am I wrong? What have you done for Factom? You are supportive, right? Spreading des-info. Of course, they owe you some hundred percentage of profit in the next hours.
And if you mean us with early Investors, because we bought after launch: It wouldn't make much difference if any. If the price is 20 cent or 20 Dollar doesn't change anything. Not regarding the system and also not regarding it's use or the price for Entry Credits. Factom can't be attacked over the market --> another point why I really like it.
So, what s wrong with my logic?
That's a funny question. But I'll give you a serious answer: Everything.
Why? Because you can't even call it logical!
1. Is it rational to be invested and to spread des-info?
2. Is it logical to claim that you want something in exchange for your money if you never gave money to Factom? And if: You could count your profit! Some hundreds %.
3. Is it logical to be demanding and to believe anybody of them would care if they see that you act like a troll?
4. Is it logical to be invested but not to be informed about basics?
5. Is it logical to call something like theDAO "consumer-friendly"?
6. Is it logical to call Ethereum (or TheDAO) transparent?
Really I could list up more. Nothing makes sense here and that's why I like it. You are my x-file. ;-) But seriously, I don't get it. If you would do it smarter I maybe really would believe a competitor pays you. But it doesn't make sense.
What I believe is: You are just mentally childish. Like a demanding child that writes a wishletter for christmas one day after easter and says "job is done, where is the Santa?". And seriously: It's irrational. It's not in line with reality. It wouldn't ever be smart if they would act like you would want them to act. It would damage Factom because it would hurt their credibility while they would focus on wasting time instead of using it most effective.
I see no logic. There is one point I'm able to understand: You want profit and you want it as soon as possible. Same here. But while I at least try to be supportive you are destructive - without any effect but still. And what I believe is: With that attitude you already lost a lot of money. Can't proof it and I can't say I really care. But I would be surprised if it's possible to make money without acting rational.
