[ANN] FACTOM - Introducing Honesty to Record-Keeping

[tempus]

Factom, Inc. Welcomes Three Veteran Executives

Mahesh Paolini-Subramanya comes to Factom from Cielo24, a media intelligence company, where he served as EVP. He has also held positions as VP of R&D and head of Cloud-teams at Ubiquiti Networks, a networking technology provider. He also founded Aptela, which became one of the largest cloud-based unified communication services in the nation. Aptela was later acquired by Vonage.

“Factom’s unique technology brings reliability, scalability, and ease-of-use to the blockchain world,” said Paolini-Subramanya. “Bringing immutability and referencability to documents, be they blobs or structured data, while still providing the performance characteristics necessary to survive in the high-volume and high-velocity world of modern services—this is a game-changer.”

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Laurie Pyle will lead the creation of a suite of mortgage technology products. Pyle has extensive experience in the mortgage technology field, including helping create the nation’s largest mortgage electronic network. Previously, she served as managing director at Corsair Associates. She has also served as EVP and CIO of Stewart Lender Services, where she headed the technology and operations teams. She was also a founding executive at RealEC Technologies, where she oversaw product strategy, product design, and client solutions.

“I am very excited to be working with the Factom team,” said Pyle. “Factom protocol has great potential to significantly impact a number of facets of the mortgage industry for the better with increased transparency and indelible audit records.”

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Jason Nadeau will lead mortgage strategy, revenue growth, and business development strategy at Factom. With more than 20 years’ experience in mortgage technology, Nadeau most recently served as Senior Director at Corsair Associates, where he offered strategic consulting to mortgage technology companies. He has also served as Group President at Stewart Title and CEO of Stewart Lender Services, leading the company’s business lines and technology services. Nadeau also served as Founder, President and CTO of RealEC Technologies. In this role, he helped develop the largest electronic partner network for the mortgage industry.

“The Factom solutions for the Mortgage Industry are some of the most innovative, yet easy adopted, ones that I’ve encountered,” said Nadeau. “The ability to apply blockchain technology to the documentation and data challenges of the mortgage industry creates a completely new paradigm for compliance.”

http://www.dsnews.com/headline/12-02-2016/factom-inc-welcomes-three-veteran-executives

Interesting is, that this topic is in the media now, because it's not that new:

Austin, Texas – October 12, 2016 – Factom, Inc., a Blockchain as a Service (BaaS) company focused on delivering products that guarantee document and data integrity at scale, is pleased to announce the addition of three veteran executives with deep experience building distributed systems and enterprise mortgage software.  - See more at: https://www.factom.com/blog/factom-woos-mortgage-industry-experts-to-blockchain-technology-startup#sthash.kIZAQIct.dpuf
https://www.factom.com/blog/factom-woos-mortgage-industry-experts-to-blockchain-technology-startup



And one of them, Jason Nadeau, wrote this article - published yesterday:

How Blockchain Will Revolutionize Mortgages
http://www.themreport.com/news/technology/12-02-2016/blockchain-will-revolutionize-mortgages


What is 99% safe in my opinion: Factom has something in the pipeline regarding the mortgage-market, otherwise they wouldn't hire 3 experts.



And Software is also already there:

"Next was a look at some use cases with Factom Apollo, a real-time auditing and verification tool which has been used to improve areas such as mortgage transfer."
http://allcoinsnews.com/2016/04/16/coinprism-and-factom-present-at-coinsilium-london-blockchain-tech-lab/


Apollo:
https://www.factom.com/products/apollo



Maybe the recent media-activity can be seen as a good sign. And, the mortgage-market is a big one:

https://en.wikipedia.org/wiki/Subprime_mortgage_crisis
 

[1715221777]

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[1715221777]

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[1715221777]

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[crazyivan]

Crazyivan joining the bulls again?

Permanently! I ve decided to get into Factom again. Paul`s posts from yesterday convinced me to do so.

Hello world!

[BrianDeery]

A few questions I hope someone can answer.

The reason Factom works with a token (Factoid) is to prevent it from SPAM. With Factoids you can buy (EC) Entry Credits.

2. Are the costs of 1 entry equal to 1 EC?

2. yes

yes, but only in some circumstances.

Entries need 1 EC per partial KiB.  If an entry is 4310 bytes in payload, it will require a minimum of 5 ECs.  There is a maximum payload size of 10240 bytes, which would require 10 ECs.

The bytes that are counted are the payload.  This includes the content, as well as the data in the extIDs.  Also charged is the 2 byte over head for each extid describing its length.
https://github.com/FactomProject/FactomDocs/blob/master/factomDataStructureDetails.md#entry

When creating a new chain, it takes a new entry to be the first one in the chain.  Since creating a new chain adds overhead into the system, it requires more ECs to make a chain.  It takes an extra 10 ECs on top of the quantity for the payload to make a new chain.  Making a chain takes between 11 and 20 ECs.

[lolikop]

Crazyivan joining the bulls again?

Permanently! I ve decided to get into Factom again. Paul`s posts from yesterday convinced me to do so.

Hello world!

He will be selling soon  when he sees little profit

[tempus]

A few questions I hope someone can answer.

The reason Factom works with a token (Factoid) is to prevent it from SPAM. With Factoids you can buy (EC) Entry Credits.

2. Are the costs of 1 entry equal to 1 EC?

2. yes

yes, but only in some circumstances.

Entries need 1 EC per partial KiB.  If an entry is 4310 bytes in payload, it will require a minimum of 5 ECs.  There is a maximum payload size of 10240 bytes, which would require 10 ECs.

The bytes that are counted are the payload.  This includes the content, as well as the data in the extIDs.  Also charged is the 2 byte over head for each extid describing its length.
https://github.com/FactomProject/FactomDocs/blob/master/factomDataStructureDetails.md#entry

When creating a new chain, it takes a new entry to be the first one in the chain.  Since creating a new chain adds overhead into the system, it requires more ECs to make a chain.  It takes an extra 10 ECs on top of the quantity for the payload to make a new chain.  Making a chain takes between 11 and 20 ECs.

Ah... okay, thanks for the clarification! I mixed it up and believed one entry would be limited to 1 KiB but your explanation definitely makes more sense.

[BrianDeery]

Brian Deery, if you're here, well done for pushing through that Crypto Show interview. Those guys are the most unprofessional fools that talked complete dribble for 3/4 of the show.  You hardly had a chance to cover any topics of real interest with the constant interruptions. I refuse to listen to their show again.

I have been on the show multiple times and have mixed feelings.

First, you have to understand that the show is first and foremost an FM radio program broadcast live in Austin.  As such, it has to abide by both the FCC rules, as well as the network rules, giving regular time slots for advertisers.  It is not apparent from the podcast version, but there is a clock on the screen which is counting down the seconds until the next ad cycle starts.  It does not wait for someone to finish a thought, or a sentence.  The hosts fill some of the time between the last thought and the start of the ads if they think that the next point the interviewee will make will take more than the available time.  I am also grateful for the breaks, because it allows time to coordinate what you are going to say in the next segment, use the restroom, etc without interrupting the show flow (more than is expected).

I have been on the show when the main talker, Chris, was not present.  It was a fairly awkward experience.  I am now glad to have the conversational lubrication he provides.  Could he be more concise sometimes?  Sure, but that is his personality.  We may dislike parts of the show, but it takes a lot of sustained effort to keep a biweekly show running for several years.  Not many others have had the energy to make it happen.


Adam B Levine came on the show one time.  He has been doing podcasts for years, but he gets to edit them after recording, and he gets to decide when ads happen.  He mentioned that it was a little intimidating coming on the show where there was no editing, and everything was happening live.

I listen to the show too.  I can't stand listening to it at regular speed.  I listen to it at minimum 150% speed, oftentimes faster.  

At one conference I attended, Adam was mentioning before his speech that he had a lot of content, and that he was afraid that he would be talking too fast.  I assured him that he could talk 50% faster and be just fine.  

[lolikop]

Fct team care to recover fct price with a few 1000 btc u received from funding or do u guys wanna buy @ 30$ a coin?


Just kidding let them dump the cheaper the better hehehe

[Pap0u]

Fct team care to recover fct price with a few 1000 btc u received from funding or do u guys wanna buy @ 30$ a coin?


Just kidding let them dump the cheaper the better hehehe

Factom price is for day traders. They are doing the work that will pump this way more than 1000btc

[lolikop]

Fct team care to recover fct price with a few 1000 btc u received from funding or do u guys wanna buy @ 30$ a coin?


Just kidding let them dump the cheaper the better hehehe

Factom price is for day traders. They are doing the work that will pump this way more than a few1000btc

Edited


No need for a thx rrply

[lowbander80]

First-time buyer,long time watcher.Anyone here know if Factom has any development plans with Ethereum

[crazyivan]

Crazyivan joining the bulls again?

Permanently! I ve decided to get into Factom again. Paul`s posts from yesterday convinced me to do so.

Hello world!

He will be selling soon  when he sees little profit

Even if that s true, what s wrong with that?
If you re so ignorant and do not understand how to make money on Factom, that s your problem.

[Pap0u]

Who hasnt hopped back in at 26-27 level, its so easy, just dump once we hit 30+. Rinse and repeat lol. I am very surprised Factom has been stagnant for two days now.

[lolikop]

Crazyivan joining the bulls again?

Permanently! I ve decided to get into Factom again. Paul`s posts from yesterday convinced me to do so.

Hello world!

He will be selling soon  when he sees little profit

Even if that s true, what s wrong with that?
If you re so ignorant and do not understand how to make money on Factom, that s your problem.

Lol im up 8300% since i investeded in crypto

Dont talk poop

[crazyivan]

Crazyivan joining the bulls again?

Permanently! I ve decided to get into Factom again. Paul`s posts from yesterday convinced me to do so.

Hello world!

He will be selling soon  when he sees little profit

Even if that s true, what s wrong with that?
If you re so ignorant and do not understand how to make money on Factom, that s your problem.

Lol im up 8300% since i investeded in crypto

Dont talk poop

Nice, glad to hear that. I suppose you did that by NOT SELLING?

[lolikop]

Crazyivan joining the bulls again?

Permanently! I ve decided to get into Factom again. Paul`s posts from yesterday convinced me to do so.

Hello world!

He will be selling soon  when he sees little profit

Even if that s true, what s wrong with that?
If you re so ignorant and do not understand how to make money on Factom, that s your problem.

Lol im up 8300% since i investeded in crypto

Dont talk poop

Nice, glad to hear that. I suppose you did that by NOT SELLING?

Exactly, NOT SELLING for a 10% rise

[astmandu]

Well crap...hope more forced liquidations don't start happening again.

[Pap0u]

I've been in a short since 340k for 7 BTC keep it up, we will hit 200k and I'll close then.

[flashbit]

I've been in a short since 340k for 7 BTC keep it up, we will hit 200k and I'll close then.

Thats not what your history tells us. Nice try noob.

[flashbit]

So we got 15 days until Christmas / New Year vacation/celebrations begin for Factom staff and most people in the world.. M2 count down begins...... Factom please don't disappoint your investors. We all have faith in you!!!

Make us proud!

[lolikop]

finally my buy orders filled nice stash now... thank you dumper

so wheres the 27/28 buy and 30/31 sell guys now did u get forced to sell when it went to 24 lol keep on day trading