Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 161. (Read 2115898 times)

Providence and audit trails can stop all sorts of fraud and misrepresentations.  In the case of the supply chain for precious stones and jewelry, the application is pretty simple.  If the major producers set up providence for the legitimate production of their product, and that is maintained through the supply chain, then the insertion of "blood diamonds" or other illegitimate products is much harder. They would lack the providence trail that the legitimate product has.

So say you are a re-seller.  You have some inventory of legitimate product that you wish to mix with illegitimate product to increse your supply.  With digital providence, you can only document the legitimate product you are holding.  You can't document the illegitimate product, and transferring the documentation of one to the other eliminates your ability to sell the legitimate product as legitimate.

This works for a host of goods and even services.

And it doesn't require TPP

Paul

Thanks for sharing,very healthy news pouring in regarding FCT lately.

Yep. Something changed in the coinmarket/s recently. The usual levers and buttons, dont seem to work any more. Not just Factom.
An obvious clue is the significant drop-off of volume on Polo, but its like the alt willy-bots were turned off!
Yeah yeah, cos bitcoin rally an all that, but even so, it exposes what a true alt market should be, maybe.      

Two awesome news in less than a week time - Gates & Smartrac - and the price goes below the 300k mark.

Most sane posture is to stay long and not to be bothered by the short terms price fluctuation... Cause there is no sense it in.

.....however.....its still not clear to me how can this technique can be applied to precious stones and jewelry. A killer app, for sure. 

Thats the kind of cross-over into already established markets, crypto needs. The possibilities for broad blockchain adoption have just gone up  a notch, or three.

https://www.smartrac-group.com/pr/smartrac-launches-dloc.html
New partnership with traditional-identity-documents management company.

Yes, yes, 5 years from now. Even a total noobs knows Factoid price s got nothing to do with the market. Someone s playing the game and I follow for now, I m sure lots of others do.
So many times till now I ve seen great projects where everyone expected huge profits and results. You know what happened? Only the puppeteer makes money in most cases. So I d very careful for now with those kind of statements.

Im not saying it will rise within 3 days i said in 3 days time we can see a 40-50% rise

It's pure guess work when the breakout will occur, their is huge manipulation going on. Bill Gates endorses the project through a grant and there is almost no price movement, yet you see other coins get a new logo designed on MS Paint and they go 300%. FCT's time will come but who knows when.

HODL

I can only say AHAHAHAHAHAH to this comment. Don't see FCT going up to that price before M2 and even that s dubious. Cause Gates news s much stronger market signal IMHO then M2. Yet, nothing happened. Actually sell side on Polo even increased more.

There s clear sign of market manipulation here, yet, as I ve said before, a group of investors with 2k BTC purchases would end this manipulation for good. However, XMR s number 1 trade on Polo, not FCT.

Why? No idea.

Ok so you sold your bag again dont open your mouth when u see fct @400k  in only 3days of trading

The float has been getting locked up for awhile since the summer, there is about 12% of the float left on the offer; the rest is held by longs. I personally also hold a decent chunk of the float, been averaging up since my first buys at 25k and have a few friends loaded up on 20k lots back during the summer dip. Its clear that the margin system is why FCT has been artificially held down, its quite easy to short with cheap rates and super low float. Once much of the current volume thats sitting on polo's wallet moves offline we should start to see the real ramp as much of the sub .01% loans will no longer be out to short.

No, the ATH was in March at about 0.0085 BTC. One year ago it was at about 0.0003 BTC.

My prediction is that we'll see a new ATH within the next 3 months. It also depends on Bitcoin of course, but if BTC should skyrocket, there also will be a bubble-burst right after. And that would make a huge Factoid-run even more likely.

When the BTC-price collapsed in late 2013 LTCcshot up to $ 1 bn.

Yeah, that's pretty much been my estimate as well. Once the suppression lets up I think we're going to see some dramatic increases. Some people are still trying to justify the current price, but those theories are getting old imo. On here, Reddit (somewhat less so) and the Trollbox ...

http://www.polonibox.com/?messageText=fct

... the average investor is starting to wise up to what's going on and a lot of people seem to be asking WTF's up with FCT price?

From the Trollbox just in the past day (different users, none of which are me):

"Fct gets a grant from the richest man on earth, price does nothing"
"who is trying so hard to suppress FCT price ? and why ?"
"Microsoft just backed FCT, uhh yeah this is gonna blow up"
"What happened to fct? The good news it got the other day didn't last hey?"

... actually I'm not going to list them all, but you can see for yourself.

Time is money for all investors, and at some point (probably M2 release, w/ Exodus wallet) they're going to need to let the market do its thing—to have actual price discovery—and will likely pump as well, for their own interests. So at some point in the next 6 mo I expect a massive rise, but likely followed by a massive dump as well as the cycle renews.

FWIW -- Whales/trolls: I own just over 1% of FCT's current available supply, which is about 4% of the supply on Polo last I checked. There is zero chance I will sell before .02, and I'll only consider selling thereafter. So, my regrets. Have fun with the noobs and weak-hands, though.

Short term manipulation s not that short term. Factoids re unable to break out of this range for a long time. Last time it came close to reaching 0.01 was a year ago. Unless you re from the group prepared to hold Factoids for 8 years or so.

Bill Gates approached them? I am not surprised. Factom is such a long term winner it isn't even funny, however short term manipulation is another story.

In case this has not been posted yet. Here is an email interview with Factom’s CEO and Co-Founder Peter Kirby:

https://btcmanager.com/news/finance/factom-awarded-grant-from-bill-and-melinda-gates-foundation-interview-with-peter-kirby/

Fct is held down by big whales  to liquidate longs, when their done we will see 10k btc volume and price increasing 10-15% daily just wait for it

Could have a delayed reaction due to Bitcoin craze. M2 around the corner in public testing and amazing an grant and recognition from Bill Gates on top of everything else. We are pumping any day now.