what is your opinion about the fact that such an amount seems to be so centrally owned by a hand full of people
For one I'd be terrified if people in the company didn't own some FCT. It provides incentive, you should hope they own as much as possible.
Secondly, you are ignoring the fact that the top account is worth 5X the second account. It's widely assumed to be the Poloniex cold wallet. Now where are the other exchange wallets?
Thirdly, It has no underlying PoS, large bagholders present no threat. FCT isn't made to be a currency that transfers wealth, it's a software license, by holding FCT you are expecting that people will use the system to make entries.
Really? Factom price is meant TO PAY federated servers, they will get paid with FCT and you are saying it's a software license? You are not buying entry credits you know?
Your statement make no sense, cause factoids are entry credits you just convert them, so actually factom is much more then a licence its the economics behind factom
No they are not just entry credits, that doesn't make any sense. Factoids are there to speculate and keep a balance depending on supply/price. It may not be a currency itself but it's the cryptocurrency or whatever you like to call it behind the company. If the company does well so does its main asset.
Yes you can say it's similar for example to if Adobe was selling 8 million licenses of Adobe Creative Cloud for $2 back then. Now how much those are worth? It's actually not the same at all of course but that's the point you are trying to make and as you see it has value.
You can convert your factoids into entry credits, so eventually the factoids will have the same value as the network usage. So actually factoids increase price when the usage go up.
Exactly. Just read this and you know what the relationship is between factoids (FCT) and Entry Credits (EC's): https://bitcointalksearch.org/topic/fct-factom-how-factoids-work-price-speculation-1521895
Now its still really overpriced compared to the usage, but thats specualation value atm, like many things before the real launch.
You can say the same about any other blockchain project, not even BTC has mainstream attention, it's all speculation and potential for now. Even stock markets price the potential and future dividends in, true value is something very illusory in most cases. The point is FCT is meant to have any value the market gives it, EC's on the other hand remain very low and affordable.
We all agree that if Factom becomes a very profitable company then FCT price right now is severely undervalued.
LOL why do you like giving your money away?
