[ANN] FACTOM - Introducing Honesty to Record-Keeping

[Less338]

Why do factoids have a value and what is a plausible value for a factoid?

In various circumstances I constantly see people calling the crypro currecy with the abreviation FCT for "Factom" when the correct name for the currency associated to the Factom project is Factoid.

Why do the cryptocurrency factoid have a value? It is possible to buy storeage space on the factom blockchan with it but I can also use dollars to do the same thing. The supply is not limited and the inflation in the future will be 73000 new factoids a month which is about 1% a month.

We all know that factom project is backed by Microsoft etc. But if I like to buy on factom blockchain storage I dont even need factoids. Factom project could very well be very suceessfull in the future, but that doesnt imply that the crypto currency factoid will have much higher value than it has right now.

What is your argument for that a factoid should have a much higher value in dollars than it has now. What is a fair value for a factoid according to you?

Factoids can be converted to entry credits. If you buy entry credits directly from the store with dollars, Factom will do the conversion for you. Either way, if you store data on the Factom blockchain, Factoids will be burned.

An entry credit costs 0.1 cent and for the same value a Factoid will be burned. Would one Factoid be $ 1.00, 1000 entry credits would burn one whole Factoid.

So there will be inflation, but Factoids will also be burned. You could base the future value of one Factoid by your estimated usage. Let's say one billion entry credits would be used in one month:

1 billion x 0.1 cent = $ 1 million = value of Factoids being burned
To neither have inflation or deflation, the value of one Factoid should be
$ 1 million / 73,000 = $ 13,70

So the question is more what usage of entry credits you would be expecting, and calculate your own fair value of one Factiod

[olarsson]

If someone buys entry credits with dollars where are those burned factoids taken from?

How much dollars does it cost to buy storage? A factoid could not be considered to be worth more than the equivalent dollar value that it costs to buy entry tokens for factom blockchain storage right?

[ohforf]

Why do factoids have a value and what is a plausible value for a factoid?

In various circumstances I constantly see people calling the crypro currecy with the abreviation FCT for "Factom" when the correct name for the currency associated to the Factom project is Factoid.

Why do the cryptocurrency factoid have a value? It is possible to buy storeage space on the factom blockchan with it but I can also use dollars to do the same thing. The supply is not limited and the inflation in the future will be 73000 new factoids a month which is about 1% a month.

We all know that factom project is backed by Microsoft etc. But if I like to buy on factom blockchain storage I dont even need factoids. Factom project could very well be very suceessfull in the future, but that doesnt imply that the crypto currency factoid will have much higher value than it has right now.

What is your argument for that a factoid should have a much higher value in dollars than it has now. What is a fair value for a factoid according to you?

Factoids can be converted to entry credits. If you buy entry credits directly from the store with dollars, Factom will do the conversion for you. Either way, if you store data on the Factom blockchain, Factoids will be burned.

An entry credit costs 0.1 cent and for the same value a Factoid will be burned. Would one Factoid be $ 1.00, 1000 entry credits would burn one whole Factoid.

So there will be inflation, but Factoids will also be burned. You could base the future value of one Factoid by your estimated usage. Let's say one billion entry credits would be used in one month:

1 billion x 0.1 cent = $ 1 million = value of Factoids being burned
To neither have inflation or deflation, the value of one Factoid should be
$ 1 million / 73,000 = $ 13,70

So the question is more what usage of entry credits you would be expecting, and calculate your own fair value of one Factiod

This needs some pump

[Less338]

If someone buys entry credits with dollars where are those burned factoids taken from?

How much dollars does it cost to buy storage? A factoid could not be considered to be worth more than the equivalent dollar value that it costs to buy entry tokens for factom blockchain storage right?

Do you even read?

[scamalert0]

If someone buys entry credits with dollars where are those burned factoids taken from?

How much dollars does it cost to buy storage? A factoid could not be considered to be worth more than the equivalent dollar value that it costs to buy entry tokens for factom blockchain storage right?

Do you even read?

FCT/ FACTOM should be awared as the slowest coin of the era ..

XMR PUMED  , ETH PUMPED , ECT Pumped , Zcash Pumped , DASH super PUMPED. ALL pumped almost double their previous value
BUT EXCEPT FCT DUMPED .. 

[siaubas]

It looks like they are desperate to keep it down. Trading at the bottom of the support.
FCT moves on thin air, very few available, despite of what is supposedly available in the order book.
Just waiting for a pop =)

[crazyivan]

If someone buys entry credits with dollars where are those burned factoids taken from?

How much dollars does it cost to buy storage? A factoid could not be considered to be worth more than the equivalent dollar value that it costs to buy entry tokens for factom blockchain storage right?

Do you even read?

FCT/ FACTOM should be awared as the slowest coin of the era ..

XMR PUMED  , ETH PUMPED , ECT Pumped , Zcash Pumped , DASH super PUMPED. ALL pumped almost double their previous value
BUT EXCEPT FCT DUMPED .. 

Once more, go hold those pumped coins. Cause we all know what happens to pumped coins.....

[poptop]

FCT loosing their investors ..
Can we see why FCT loosing their price and getting down..
Really slow slow coin

You're wrong. Factom has many clients in real world that are using the factom protocol. And real investors don't leave the project because it very fast increases. When exodus is released it means that m2 is completely stable. And it's possible that the clients will start to use their soft with ECs.

[siaubas]

FCT loosing their investors ..
Can we see why FCT loosing their price and getting down..
Really slow slow coin

You're wrong. Factom has many clients in real world that are using the factom protocol. And real investors don't leave the project because it very fast increases. When exodus is released it means that m2 is completely stable. And it's possible that the clients will start to use their soft with ECs.

.004+ days away, .006+ by mid April or sooner.

[poptop]

.004+ days away

You're an optimist, but who knows... 

[siaubas]

.004+ days away

You're an optimist, but who knows... 

1. I am an optimist =)
2. Regardless, 0.004+ is coming soon. I'd be surprised, if it didn't get there by Thursday.
3. Sometimes I'm wrong, but I do not draw my predictions out of thin air.

[tempus]

.004+ days away

You're an optimist, but who knows... 

1. I am an optimist =)
2. Regardless, 0.004+ is coming soon. I'd be surprised, if it didn't get there by Thursday.
3. Sometimes I'm wrong, but I do not draw my predictions out of thin air.

I agree because of two points:

1) Exodus in about 10 days and I expect anticipation on the market
2) A lot of signs that there could be something in April, maybe a new partnership.

And last but not least and most important: M2 seems stable now, Bitcoins hype is interrupted, Factom is damn cheap in comparison with some others. I would be surprised if not some Poloniex-money would flow into it.

[siaubas]

.004+ days away

You're an optimist, but who knows... 

1. I am an optimist =)
2. Regardless, 0.004+ is coming soon. I'd be surprised, if it didn't get there by Thursday.
3. Sometimes I'm wrong, but I do not draw my predictions out of thin air.

I agree because of two points:

1) Exodus in about 10 days and I expect anticipation on the market
2) A lot of signs that there could be something in April, maybe a new partnership.

And last but not least and most important: M2 seems stable now, Bitcoins hype is interrupted, Factom is damn cheap in comparison with some others. I would be surprised if not some Poloniex-money would flow into it.

Fundamental things you mentioned do not hurt.
Charts just give it a more precise slope/timing when and where it is going, support and resistance levels. And then you get a perfect storm if you time/plan your news announcements into the chart strengths.

[lolikop]

FCT is one of the biggest manipulated coin on polo, dont trust the orderbooks its all fake

[crazyivan]

.004+ days away

You're an optimist, but who knows... 

1. I am an optimist =)
2. Regardless, 0.004+ is coming soon. I'd be surprised, if it didn't get there by Thursday.
3. Sometimes I'm wrong, but I do not draw my predictions out of thin air.

I agree because of two points:

1) Exodus in about 10 days and I expect anticipation on the market
2) A lot of signs that there could be something in April, maybe a new partnership.

And last but not least and most important: M2 seems stable now, Bitcoins hype is interrupted, Factom is damn cheap in comparison with some others. I would be surprised if not some Poloniex-money would flow into it.

Yes, I ve seen this as well. Pits and pieces of potential great news in April coming from 3 different sources. It does not have to mean anything but I think I ll play the card something s about to emerge.

[scamalert0]

If someone buys entry credits with dollars where are those burned factoids taken from?

How much dollars does it cost to buy storage? A factoid could not be considered to be worth more than the equivalent dollar value that it costs to buy entry tokens for factom blockchain storage right?

Do you even read?

FCT/ FACTOM should be awared as the slowest coin of the era ..

XMR PUMED  , ETH PUMPED , ECT Pumped , Zcash Pumped , DASH super PUMPED. ALL pumped almost double their previous value
BUT EXCEPT FCT DUMPED ..  

Once more, go hold those pumped coins. Cause we all know what happens to pumped coins.....

I think you don't believe in ETH, XMR,DASH ,ZEC..tell me who has hold these coins and don't get profit of almost 3× ..
They are most trusted coins in crypto market after BTC..

[crazyivan]

If someone buys entry credits with dollars where are those burned factoids taken from?

How much dollars does it cost to buy storage? A factoid could not be considered to be worth more than the equivalent dollar value that it costs to buy entry tokens for factom blockchain storage right?

Do you even read?

FCT/ FACTOM should be awared as the slowest coin of the era ..

XMR PUMED  , ETH PUMPED , ECT Pumped , Zcash Pumped , DASH super PUMPED. ALL pumped almost double their previous value
BUT EXCEPT FCT DUMPED ..  

Once more, go hold those pumped coins. Cause we all know what happens to pumped coins.....

I think you don't believe in ETH, XMR,DASH ,ZEC..tell me who has hold these coins and don't get profit of almost 3× ..
They are most trusted coins in crypto market after BTC..

I d wait for a couple of weeks before I make that decision. Holding them means nothing until a point you exchange them for BTC or cash. Once this inflated market starts to deflate, people will lose lots of money cause when dumps happen, someone s got to lose money.

It s not that I do not believe in these ZEC or XMR but I do not believe in those coins enough to justify 80% daily growth. Based on what? What does Zcash bring to the table to it s so important?

Factom, on the other hand, s got strong fundamentals. A revolutionary service where Factoids can be used. Microsoft and Homeland security behind it. The only thing it does not have re MINERS! Tons of people mining and selling and buying and generating volume and potential pumps.

Still, I like my growth to be based on fundamentals, I was never into pumping and dumping cause in order for you to profit from these, somebody needs to lose money in the end.

[olarsson]

If I belive in Factom why should I not buy Factom stocks instead of factoids?

[olarsson]

Have you ever asked your self the question how many Factom Entry Credids (EC) you will get for one Factoid (FCT) and how that is related to the FCT price?

[crazyivan]

If I belive in Factom why should I not buy Factom stocks instead of factoids?

So go buy stocks, what s the problem there?

I really do not understand troll mentality here. If you do not like some coin/token/service and you like some other coin/token/service, why you waste time and energy on the thread of coind/token/service you dislike? Sell you stuff and move to that side where you feel comfortable, right?

There s big difference between stock and token, in terms of potential reward but also in terms of actual investment.

Most of people here come and cry how come Factom has not duplicated Dash price rise. Let me go back to these people and ask them, why didnt u buy Dash or Ether or Zcash or whatever when it was $1? Exactly due to the same reason you do not buy Factom now, u probably spent time on their forums saying how those coins re shit. That kind of mentality makes you start appreciating something once it has skyrocked in price. At that point, it s too late, my friends.

You need to seize the opportunity BEFORE it has started to grow and expand. That s the whole point of investing.