[ANN] FACTOM - Introducing Honesty to Record-Keeping - page 172.

crazyivan

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Quote from: Jack Russell on November 11, 2016, 01:49:03 AM

Quote from: estanis on November 10, 2016, 02:55:11 AM

Quote from: Elpadrinho on November 09, 2016, 06:47:03 PM

Quote from: estanis on November 09, 2016, 06:00:07 PM

Quote from: DarshUX on November 09, 2016, 04:38:45 PM

estanis, something's not right. Maybe something went wrong with the wallets during the upgrade, since you and I withdrew during the upgrade I think. It's been more than a whole day now, nothing showing up in the Block Explorer or my account. This is something on their end, I hope they fix it or refund us.

I hope so...

What I've seen in the poloniex trollbox is we are not the only ones with the problem.

It would be great if someone (from factom) could explain us why it is such a delay...

Nice try nooblets! Now go away with your FUD!

Check by yourself tx id (d0cb52f5d4d4a291ed3424dd864156011028fd065241deda83830edfc2476a9c) at explorer.factom.org

The tx is complete in poloniex:

I hope you don't get answers like yours when you have a serious problem...

I believe the Polo withdrawal issue is resolved, my transactions arrived recently.

Told you, this takes place from time to time but it gets fixed without issues. Polo s generally very trustful. FOR NOW!

estanis

newbie

Activity: 21

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My tx didn't arrived, but I was refunded (it only takes 3 days...)

Jack Russell

newbie

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Quote from: estanis on November 10, 2016, 02:55:11 AM

Quote from: Elpadrinho on November 09, 2016, 06:47:03 PM

Quote from: estanis on November 09, 2016, 06:00:07 PM

Quote from: DarshUX on November 09, 2016, 04:38:45 PM

estanis, something's not right. Maybe something went wrong with the wallets during the upgrade, since you and I withdrew during the upgrade I think. It's been more than a whole day now, nothing showing up in the Block Explorer or my account. This is something on their end, I hope they fix it or refund us.

I hope so...

What I've seen in the poloniex trollbox is we are not the only ones with the problem.

It would be great if someone (from factom) could explain us why it is such a delay...

Nice try nooblets! Now go away with your FUD!

Check by yourself tx id (d0cb52f5d4d4a291ed3424dd864156011028fd065241deda83830edfc2476a9c) at explorer.factom.org

The tx is complete in poloniex:

http://imgur.com/OAokbYZ

I hope you don't get answers like yours when you have a serious problem...

I believe the Polo withdrawal issue is resolved, my transactions arrived recently.

Mimir

member

Activity: 106

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Only a fool worries over what he can’t control.

Google translations never cease to make me laugh also.

Machine learning has a long way to go to understand the idiosyncrasies between east and west

Mimir

member

Activity: 106

Merit: 10

Only a fool worries over what he can’t control.

Is there anymore on Jack Lui? Seems interesting.

From personal experience you can't just turn up in China as a western company and start doing business. It doesn't work like that, without a local presence to share expertise it's very tough, many things will work against you, in most cases a new entity is usually preferable to using the western company. Still, well keen to know if he'll be going solo or using the factom chain?

Network effect makes Factom a solid choice to stick with.

Business is different there, personally think it's easier once you understand, but so many companies fail to realise how different it is.

There's videos where Paul Snow seems to encourage other companies to sell access to the factom network, they don't have a monopoly on it, but undeniably the most talent and knowledge about the system by far, which is the selling point for the company

crazyivan

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I also have no doubt FCT will be superior to NEM.

Factom business connections, government connects and their team re much superior to what NEM s got. Outside of Japan, NEM s got nothing.

Mimir

member

Activity: 106

Merit: 10

Only a fool worries over what he can’t control.

NEM still has some excellent applications, just think it's not going to win this one.

Mimir

member

Activity: 106

Merit: 10

Only a fool worries over what he can’t control.

Would also add that Proof-of-Work is the only proven method today to ensure consensus. Proof-of-Stake has it's flaws, it's a preferable system and people are working to make it happen, because PoW wastes a damn lot of energy, but that's exactly what makes PoW so strong.

You have to be very deep-pocketed just to attempt altering current btc blocks, and nothing less than nation-state level to change blocks a 12 hours old, beyond a few days it's computationally infeasible for anyone to do, even when quantum computers come along they won't have enough power to undo the bitcoin chain. Immutable.

Factom anchors into the Bitcoin blockchain, but without all the drama of trying to do so directly, this is it's strength.

NEM uses an entirely new system, Proof-of-Importance:

Quote

POI is the algorithm used in NEM to time stamp transactions. A NEM user's importance is determined by how many coins they have and the number of transactions made to and from their wallet.

Make up your own mind.

GrossBit

full member

Activity: 174

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Quote from: Xpedite on November 10, 2016, 02:04:47 PM

Quote from: GrossBit on November 10, 2016, 05:02:10 AM

BTW in some sense, BTC is already inferior to many other newer blockchains

Quote from: GrossBit on November 10, 2016, 05:02:10 AM

Factom is really a BTC/ETH app and inherits from the security of those 2 blockchains.

Quote from: GrossBit on November 10, 2016, 05:02:10 AM

XEM would be better IF its security was equivalent to BTC which it has no chance.

I rearranged your post a little to analyze it. Can you clarify your argument as to why NEM isn't as secure as BTC and which alts you consider superior to BTC?

XEM or really any other blockchain today isn't as secure as BTC because the tiny size of their network make it vulnerable to things similar to 51% attack...
detractors of BTC would point out that a lot of BTC nodes are in China, which is not a good thing either.

on the specs side, XEM and many other blockchains are superior to BTC.... XMR has stronger anonymity, ETH has smart contracts, etc...

CanaryInTheMine

donator

Activity: 2352

Merit: 1060

between a rock and a block!

For those who didn't catch this presentation at Scaling Bitcoin Milan conference:

"Progress on Scaling via Client-Side Validation (Peter Todd)"

youtube link https://www.youtube.com/watch?v=uO-1rQbdZuk

Factom technology does this already... Grin

great to see others think about scaling in a similar way

You don't need to download all the data (think whole blockchain!) in Factom and you can just work with what's relevant to your chains.

caffeine93

newbie

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Quote from: Xpedite on November 10, 2016, 02:04:47 PM

Quote from: GrossBit on November 10, 2016, 05:02:10 AM

BTW in some sense, BTC is already inferior to many other newer blockchains

Quote from: GrossBit on November 10, 2016, 05:02:10 AM

Factom is really a BTC/ETH app and inherits from the security of those 2 blockchains.

Quote from: GrossBit on November 10, 2016, 05:02:10 AM

XEM would be better IF its security was equivalent to BTC which it has no chance.

I rearranged your post a little to analyze it. Can you clarify your argument as to why NEM isn't as secure as BTC and which alts you consider superior to BTC?

I think you should re-read his post, the answer is like literally "between the lines". As for alts superior to BTC, I guess you could take a look at XMR for example:
1. Faster
2. Truly anonymous
3. Mining is not centralized because the algorithm can't be implemented into ASICs simply

Xpedite

sr. member

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DRAMA: Dumb Retards Asking More Attention

Quote from: GrossBit on November 10, 2016, 05:02:10 AM

BTW in some sense, BTC is already inferior to many other newer blockchains

Quote from: GrossBit on November 10, 2016, 05:02:10 AM

Factom is really a BTC/ETH app and inherits from the security of those 2 blockchains.

Quote from: GrossBit on November 10, 2016, 05:02:10 AM

XEM would be better IF its security was equivalent to BTC which it has no chance.

I rearranged your post a little to analyze it. Can you clarify your argument as to why NEM isn't as secure as BTC and which alts you consider superior to BTC?

crazyivan

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There was a similar issue a few months ago, it lasted for a few days and it got fixed. No need to be concerned, they ll fix it.

lolikop

hero member

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Its a polo thing nothing to do with factom i send fct from one address to another and it went fine

Jack Russell

newbie

Activity: 50

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I can also confirm there is a problem with FCT withdrawals on Polo. Two days ago I withdrew and never received, although I get a TX ID that 404's on Factom Block Explorer. No response to support ticket yet. Today I try 1 FCT withdrawal and same thing, no receive test TX and invalid TX ID.

GrossBit

full member

Activity: 174

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Quote from: estanis on November 10, 2016, 04:27:53 AM

Quote from: cryptonit on November 10, 2016, 03:03:59 AM

Quote from: jabo38 on November 09, 2016, 04:56:18 AM

Some people asked how Apostille is different from Factom.

NEM process seems to be much simpler, but I have a question:
the integrity of the fingerprint is proportional to the blockchain security, I mean, are NEM and Bitcoin blockchain security comparable against attacks?

I think here you have the whole selling point of Factom

Factom is really a BTC/ETH app and inherits from the security of those 2 blockchains.

XEM would be better IF its security was equivalent to BTC which it has no chance. Its a bit like the chicken and the egg. If everybody decided that XEM was cool and secure then everyone would use it, but nobody does...

That confirms what I've said and being accused of FUDding:

Factom tech is inferior to other techs. However, it 'works' (or will work). They have plenty of salesmen and if they have a finished product, they might sell it. Its not always the best tech product which gets most sales. There are a lot of different parameters. Being first to market is an advantage and I believe Factom has it still. If they cannot make anything out of it, they will lose.

BTW in some sense, BTC is already inferior to many other newer blockchains

estanis

newbie

Activity: 21

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Quote from: cryptonit on November 10, 2016, 03:03:59 AM

Quote from: jabo38 on November 09, 2016, 04:56:18 AM

Some people asked how Apostille is different from Factom.

http://

NEM process seems to be much simpler, but I have a question:
the integrity of the fingerprint is proportional to the blockchain security, I mean, are NEM and Bitcoin blockchain security comparable against attacks?

cryptonit

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Quote from: jabo38 on November 09, 2016, 04:56:18 AM

Some people asked how Apostille is different from Factom.

estanis

newbie

Activity: 21

Merit: 0

Quote from: Elpadrinho on November 09, 2016, 06:47:03 PM

Quote from: estanis on November 09, 2016, 06:00:07 PM

Quote from: DarshUX on November 09, 2016, 04:38:45 PM

estanis, something's not right. Maybe something went wrong with the wallets during the upgrade, since you and I withdrew during the upgrade I think. It's been more than a whole day now, nothing showing up in the Block Explorer or my account. This is something on their end, I hope they fix it or refund us.

I hope so...

What I've seen in the poloniex trollbox is we are not the only ones with the problem.

It would be great if someone (from factom) could explain us why it is such a delay...

Nice try nooblets! Now go away with your FUD!

Check by yourself tx id (d0cb52f5d4d4a291ed3424dd864156011028fd065241deda83830edfc2476a9c) at explorer.factom.org

The tx is complete in poloniex:

http://imgur.com/OAokbYZ

I hope you don't get answers like yours when you have a serious problem...

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

Quote from: D-Lux on November 10, 2016, 02:09:45 AM

Looks like Factom just crossed the 5m entries mark: https://twitter.com/factom

That took place yesterday and someone has already reported it here. I d like to see things speeding up a bit, to reach next million under 1 month time.

Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 172. (Read 2115898 times)