[ANN] FACTOM - Introducing Honesty to Record-Keeping

[D-Lux]

A Reddit post that turned into a good Q+A with Paul on FCT, ECs, and how Federated Servers will work:

https://www.reddit.com/r/factom/comments/5han91/eli5_how_factom_stores_records_through_the/

[belowizard]

A Reddit post that turned into a good Q+A with Paul on FCT, ECs, and how Federated Servers will work:

https://www.reddit.com/r/factom/comments/5han91/eli5_how_factom_stores_records_through_the/

thanks for that. actually youre one of the few that makes this thread still worthwile!

[stealthmodeactivated]

We need some info about the progress. A decent relations with the community would be some update once every 10 days. Why is that so difficult, ha Factom team?

Maybe not that often, but once a month would be great. A monthly newsletter perhaps would be great to improve communication with investors and interested parties, and keep everyone in the loop on factom's progress.

[stealthmodeactivated]

We need some info about the progress. A decent relations with the community would be some update once every 10 days. Why is that so difficult, ha Factom team?

Here you are asking for something no company does. Maybe some scam coin does.
No responsible company will update day-traders every few days. It is not their job to make money for those who do not fully believe in the product, and consistently need to be reassured.
Your demand is preposterous, to be honest. And it doesn't look good on the rest of us investors. The more demands they get like this, the more they'll ignore the rest of us, the ones with legitimate concerns.

Alot of dev teams working on alt coins have slack channels where devs and other members of the team directly interact with investors. Crypto market is not the same as traditional market, we have different expectations to keep us in the loop.

[matt608]

We need some info about the progress. A decent relations with the community would be some update once every 10 days. Why is that so difficult, ha Factom team?

Maybe not that often, but once a month would be great. A monthly newsletter perhaps would be great to improve communication with investors and interested parties, and keep everyone in the loop on factom's progress.

Meh, bitshares had regular newsletters and even regular weekly group mumble hangouts (audio hangouts) with the CEO and it turned out to be garbage.  What difference does it make?  Real companies who are listed on stock exchanges do quarterly updates to investors I think? We get more regular updates than that from the factom blog.  When there's an update to be made, we are updated about it.  No doubt things are in the pipeline but what good does it do to hear about them earlier?  As long as they happen and usage increases that's what matters.

[mfqrs3]

Factom bots are in bull mode still, so any long is good profit.

Edit: not any more as btc is breaking up.

[siaubas]

 

I do doubt in your experience in crypto or your intentions here.

Apparently my experience in crypto correlates with my account age, amount of my posts =D That makes you a super-expert that's sitting on a bazzilion dollar fortune, right?  
On a serious note, I'm here to rein in people with no substance. Cause I got tired reading hundreds and hundreds of pointless and whiny posts. I'm also here to see and share insights about Factom(whatever they may be, good or bad).

This does mean I've probably posted more posts on this forum then u have ever posted anywhere in your life. Lots of time spend reading and arguing with people like yourself.

Maybe, just maybe, many people are just lurking around and reading. Judging people by their post count is not a great trait to be proud of. You are not going to invalidate my or any other new-comer's points just because his/her account is not that old. Sometime the ones hiding in the shadows may say more in one post than others in hundreds...

Anyways, besides a shorter her and there, all of us are rooting for Factom's success. I hope Factom surprises us in the best possible way, Factom-mate.

[siaubas]

Some of you people have to take a chill pill.
M2 is coming. Maybe tomorrow, maybe in a week, maybe in a month if they run into something unexpected.
Weekly updates are pointless. They may be exciting in the beginning, but would be counterproductive. You are asking for additional work that would only slow things down. You think Factom team would just sit down and spill their hearts out on what's really happening? Without spending half a day discussing it between themselves, then passing the info to their lawyers for review?..
Grow up, lose your OCD, and take personal responsibility for playing in an extremely risky market. Expect to keep your position for at least a few months. Things don't work out on your schedule. It is normal in the cryptoworld. Don't get spooked out by some silly bitcoin rise or a shorter promising gloom. FCT is a gem. (but don't bet your farm on it)

[Shiroslullaby]

Okay so I'm running into the issue where factomd.exe no longer syncs to the current block again.
Everything was working correctly a few days ago.
I stopped factomd and the walletapp and did some Monero mining on this PCs GPU.
After stopping the Monero miner and starting factomd I get the
"BMGR: at 67214: syncing to block height 67730 from peer..." message and nothing updates.

The Control Panel states-
Last update: more than 26 minute(s) ago

System
Factom Mode: Full Node (Client)
Go compiler version: go1.7.3
Legal
Copyright 2015 Factom Foundation
Use of this source code is governed by the MIT
license that can be found in the LICENSE file.

Status
Directory Block Height: 67215
Factoid Transactions Processed: 84803

And has been sitting for almost 30 minutes with no update.
Am I doing something wrong? Is this delay normal? Is there a queue to sync your local blockchain from the server?
What messages should I be looking for in the log to troubleshoot this?

[mfqrs3]

As I can see on the github, M2 testing is in the works

Heh, nice to see something has changed...wait it's still around the corner
It's been more than 8 months since I posted that optimistic post...

[Ahaezod]

As I can see on the github, M2 testing is in the works

Heh, nice to see something has changed...wait it's still around the corner
It's been more than 8 months since I posted that optimistic post...

Patience, patience mate.
The customer targets are real companies. Factom can't release half-done work. It must be thoroughly tested.

But yeah, the task is bigger and way longer than what we expected.

[jay8291]

As I can see on the github, M2 testing is in the works

Heh, nice to see something has changed...wait it's still around the corner
It's been more than 8 months since I posted that optimistic post...

Patience, patience mate.
The customer targets are real companies. Factom can't release half-done work. It must be thoroughly tested.

But yeah, the task is bigger and way longer than what we expected.

As we last heard from them, they were saying Late Dec or Early Jan, M2 will be released. Yes Factom cant release with half work as its clients are Big Companies and we dont want any Negative Impression.

[mfqrs3]

The same talk was almost 8 months ago... M2 has yet to be completed, then beta, then fixing...and then few more years for M3 before it's out...

[Ahaezod]

The same talk was almost 8 months ago... M2 has yet to be completed, then beta, then fixing...and then few more years for M3 before it's out...

As an investor you shouldn't care about M3. M3 means new supply in FCT, so theoretically a lower price.
M2 should be perfectly functional for companies, and thus attract them.

So for us investors, only M2 matters.

[mfqrs3]

I see that the bids are up, good to see that.

[Mrfrismint]

I see that the bids are up, good to see that.

Yes, 700+ BTC buy side on a Friday is a lot. The market depth seems to show that a next wave up is around the corner. The market depth shows that it pretty easy to get the price higher, while lowering the price seems not realistic.

[mfqrs3]

Order book is easily manipulated and doesn't show anything in crypto for a while. Big buy orders lower in the book are for noobs to start buying
look at 4h or 1d chart and you will see...

Also watch BTC, last time when btc was this high fct was at 200k.

[D-Lux]

Looks like Team Factom pulled an all-nighter ...

https://github.com/FactomProject/factomd/branches/active

[mfqrs3]

Looks like Team Factom pulled an all-nighter ...

https://github.com/FactomProject/factomd/branches/active

Half way done, only that much work to do ( 2/4 )

[siaubas]

Order book is easily manipulated and doesn't show anything in crypto for a while. Big buy orders lower in the book are for noobs to start buying
look at 4h or 1d chart and you will see...

Also watch BTC, last time when btc was this high fct was at 200k.

Your first statement is spot on.
The second... I don't think so. FCT is almost due for a break-out, regardless of a few percentage points in BTC. My previous prediction of 3600 was wrong. There is more pent up demand now: volume has died down, but FCT has not given up any of the gains, and Bollinger Bands are going to be super tight later today. 4000 is coming, imho.