[ANN] FACTOM - Introducing Honesty to Record-Keeping - page 154.

D-Lux

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Quote from: belowizard on November 28, 2016, 06:06:50 AM

factom price will mainly be determined by its usage ........ this needs time and the only thing driving the current price is speculation. so I'm quite happy with the current situation and try to load up more whenever I can. when the time has come, it will rise. im talking post m3 in my opinion.

I'm not sure I agree on either point. For the price being determined by usage, I think this is somewhat true, but only a sliver of the full picture. I'm not sure why this has become such a meme for FCT. No other crypto, BTC included, is measured to such an extent by its actual usage. Per market cap, FCT may very well have the highest usage-to-market-cap ratio in crypto already. Look at the 13 coins with a larger market cap here:

http://coinmarketcap.com/

Which ones have higher actual (non-trading) usage than FCT at the moment? This alone is pretty amazing IMO. And this is setting aside the very real reasons for a speculative premium (Gates, Draper, DHS, SMARTRAC, etc).

I also disagree that M3 will be the trigger. Paul Snow called M2 "the capstone of this year and many others." Relative to M2, M3 is a more minor milestone (though obv extremely important in its own right).

crazyivan

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Nah, this is just the usual pump and dump. Now we go down to under 30 again. Our favorite speculator s having fun again. I dont mind, just ride the wave. Keep these swings coming my friend.

lolikop

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If fct passes 340k before m2 release we can will see a new bull run to 430k

mtnsaa

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Quote from: oneyesoneno on November 28, 2016, 10:09:35 AM

Quote from: mtnsaa on November 28, 2016, 08:21:46 AM

Quote from: Ahaezod on November 28, 2016, 07:27:07 AM

Considering the evolution of the ECredits, apart from pure speculation, no reason for the price to pump yet.

People are freaking out like if come M3 the inflation rate of Factoids was completely insane, it's around 10% per year if no EC are burnt at all (which basically means there's no project). So I would say a 5-6% is a pessimistic projection. With those numbers in mind and if they don't change, Factom would double its supply in around 10 years. 16-20 millions coins by 2025 is that crazy in terms of fear of inflation?

Maybe I'm missing something.

are u kidding me? Data don't stop. it will keep piling up day after day...
I still remember when i first knew factom... they announced that they broke 3million data entry...
and few months later which is today, it is already 5million++ data entries.
Everytime Factom do a good job, the news will spread, and so... more usage.

Of course people can speculate and freak themselves out, but you will be surprise how far Factom will grow 1 year from now.

Exactly that's what I meant, in a very pessimistic scenario inflation would be 6% per year, that's nothing and would take 10 years for Factom to double its supply. You see Dash and Monero having a 3 or 4 times Factom marketcap with more supply and that's just plain ridiculous.

I would understand some caution if Factom would have a crazy inflation rate similar to Steem, but this is not the case at all and we are talking about the worst case scenario. The best case scenario is deflationary!

Kruemmelmonster

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just a friendly reminder FCT token's don't represent the success of Factom itself... Also it's uncertain where BTC will go. If BTC takes a break for few months I see some nice upwards potential tho..

@Brian can you tell us if it's likely to see M2 release within this year or not?

oneyesoneno

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Quote from: mtnsaa on November 28, 2016, 08:21:46 AM

Quote from: Ahaezod on November 28, 2016, 07:27:07 AM

Considering the evolution of the ECredits, apart from pure speculation, no reason for the price to pump yet.

People are freaking out like if come M3 the inflation rate of Factoids was completely insane, it's around 10% per year if no EC are burnt at all (which basically means there's no project). So I would say a 5-6% is a pessimistic projection. With those numbers in mind and if they don't change, Factom would double its supply in around 10 years. 16-20 millions coins by 2025 is that crazy in terms of fear of inflation?

Maybe I'm missing something.

are u kidding me? Data don't stop. it will keep piling up day after day...
I still remember when i first knew factom... they announced that they broke 3million data entry...
and few months later which is today, it is already 5million++ data entries.
Everytime Factom do a good job, the news will spread, and so... more usage.

Of course people can speculate and freak themselves out, but you will be surprise how far Factom will grow 1 year from now.

mtnsaa

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Quote from: Ahaezod on November 28, 2016, 07:27:07 AM

Considering the evolution of the ECredits, apart from pure speculation, no reason for the price to pump yet.

People are freaking out like if come M3 the inflation rate of Factoids was completely insane, it's around 10% per year if no EC are burnt at all (which basically means there's no project). So I would say a 5-6% is a pessimistic projection. With those numbers in mind and if they don't change, Factom would double its supply in around 10 years. 16-20 millions coins by 2025 is that crazy in terms of fear of inflation?

Maybe I'm missing something.

Ahaezod

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https://postimg.org/image/pa77unof5/

Considering the evolution of the ECredits, apart from pure speculation, no reason for the price to pump yet.

belowizard

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factom price will mainly be determined by its usage ........ this needs time and the only thing driving the current price is speculation. so I'm quite happy with the current situation and try to load up more whenever I can. when the time has come, it will rise. im talking post m3 in my opinion.

crazyivan

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The price has not moved significantly for over 2 weeks. We did see a small 5% pumps and dumps. Come on people, Factom has never been a boring coin, wake up.

It does seem ask side s been reducing slightly, the number of Factoids for sale s been going down.

matej krkic

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Quote from: D-Lux on November 27, 2016, 03:41:32 PM

Quote from: matej krkic on November 27, 2016, 03:39:05 PM

Quote from: lolikop on November 27, 2016, 03:36:24 PM

Real news will be coming in when m2 is released

Where I can read about m2?

You can Google "Factom Milestone 2," and/or search in here (you can do an inter-thread search though most of the past few months has been about M2, aside from some trolling) and on Reddit, /r/factom.

Milestone 2 - that's what m2 means =) Thanks.

D-Lux

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Quote from: matej krkic on November 27, 2016, 03:39:05 PM

Quote from: lolikop on November 27, 2016, 03:36:24 PM

Real news will be coming in when m2 is released

Where I can read about m2?

You can Google "Factom Milestone 2," and/or search in here (you can do an inter-thread search though most of the past few months has been about M2, aside from some trolling) and on Reddit, /r/factom.

matej krkic

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Quote from: lolikop on November 27, 2016, 03:36:24 PM

Real news will be coming in when m2 is released

Where I can read about m2?

lolikop

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Real news will be coming in when m2 is released

D-Lux

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As we wait for more news / releases ... Just came across this Tweet from David A Johnston, which links to a great talk by Peter Thiel:

https://twitter.com/DJohnstonEC/status/802627645053792256

Definitely a lot of resonances with Factom IMO.

crazyivan

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Quote from: Capoboss on November 27, 2016, 10:38:03 AM

Quote from: crazyivan on November 27, 2016, 04:11:59 AM

I m getting a bit restless regarding this constant testing and testing. Factom s been testing since when, since March?

I think its a good thing to test your product well before you release it into the market.
Factom is going after real life usability so it needs to have a full proof product that sustains any malfunction.

That s true. Unless somebody else delivers the produce before you.

Capoboss

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Quote from: crazyivan on November 27, 2016, 04:11:59 AM

I m getting a bit restless regarding this constant testing and testing. Factom s been testing since when, since March?

I think its a good thing to test your product well before you release it into the market.
Factom is going after real life usability so it needs to have a full proof product that sustains any malfunction.

Mrboot

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