Thanks haggis for comment - again unfortunately - does not seem much related to what I wrote.
If you really think a marketing blondie said something with a value, do not hesitate and enlighten us all, sharing is caring.
Anchoring is every 10 minutes as stated in the whitepaper I linked.
I have never said you have to store in the blockchain 1:1 - you can, but why, just chain - hash. Repeating myself. Again.
BTW there is a FREE service running with API for proven timestamping applied on bitcoin blockchain - guess what - they just chain hashes at the end of the day.
I see you are all selling a thin air
You are confusing proof of existence with proof of publication, i.e. proving the positive vs proving the negative.
An example is that a bitcoin full node proves the negative by examining the entire chain history. To see that a doublespend hasn't happened, all transactions ever are examined. Axiomatically, if it is not in the blockchain, it didn't happen.
Contrast this with an SPV node like the sildbach wallet. it relies on the proof of the positive. a fullnode can show an SPV client that a transaction is in the blockchain, but the full node cannot prove the negative, that the BTC has not been spent earlier. SPV clients rely on the economic incentives of miners to protect them.
Factom is for client side interpreted applications which need to prove the negative. if all you need to do is proof of existence, then yes, you can do that yourself or with any other ephemeral service.
We made kind of a big deal about this in the white paper.
