[ANN] FACTOM - Introducing Honesty to Record-Keeping - page 182.

Less338

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Quote from: GrossBit on November 04, 2016, 09:04:37 AM

look at this news

https://www.bourse.lu/blockchain-press-release

"Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. By introducing Etheruem’s blockchain technology into the certification process, LuxSE is providing a "digital signature" that will ensure authenticity and proof of existence of all documents filed in the OAM."

if we have this on Ethereum directly, what do we need Factom for, if I may ask Huh

A good question and I actually appreciate your insights. These guys are giving you a hard time LOL.

But storing data on Ethereum is much more expensive than storing data on Factom. The reason is that in Ethereum every node processes every call and store every piece of data. Factom has a quite efficient federated mechanism that makes storage cheaper without any validation possibility.

Factom also creates software that harmonizes the auditing/review process within industries (well, one service they provide). This makes it much easier for regulatory agencies to do their jobs.

And companies/cliënts don't have to buy any cryptocurrency - so not carrying any currency risk - by using Factom.

And so on...

Vidale

full member

Activity: 186

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What do we need Nvidia for if we have AMD producing graphics cards? What do we need Mercedes for if we have BMW manufacturing cars?

Valid questions indeed.

rakesh1_90

hero member

Activity: 686

Merit: 500

Fall seven times, stand up eight.

Buy all you can, we are leaving soon IMHO

Mrboot

legendary

Activity: 1204

Merit: 1000

Quote from: GrossBit on November 04, 2016, 09:04:37 AM

look at this news

https://www.bourse.lu/blockchain-press-release

"Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. By introducing Etheruem’s blockchain technology into the certification process, LuxSE is providing a "digital signature" that will ensure authenticity and proof of existence of all documents filed in the OAM."

if we have this on Ethereum directly, what do we need Factom for, if I may ask Huh

The fact you say this make me more confirtable to buy more, obvious your fudding is not based on technical analyse.

caffeine93

newbie

Activity: 41

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Quote from: Elpadrinho on November 04, 2016, 09:35:33 AM

Quote from: GrossBit on November 04, 2016, 09:04:37 AM

look at this news

https://www.bourse.lu/blockchain-press-release

"Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. By introducing Etheruem’s blockchain technology into the certification process, LuxSE is providing a "digital signature" that will ensure authenticity and proof of existence of all documents filed in the OAM."

if we have this on Ethereum directly, what do we need Factom for, if I may ask Huh

Because ethereum is as corrupt as Killary and their nonstop forks. Get a life dude. You make me sick with your trolling.

because Ethereum is total crap that can't work properly after 2 hard forks and will probably fail and be exploited after 20 more?

Elpadrinho

member

Activity: 70

Merit: 10

Quote from: GrossBit on November 04, 2016, 09:04:37 AM

look at this news

https://www.bourse.lu/blockchain-press-release

"Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. By introducing Etheruem’s blockchain technology into the certification process, LuxSE is providing a "digital signature" that will ensure authenticity and proof of existence of all documents filed in the OAM."

if we have this on Ethereum directly, what do we need Factom for, if I may ask Huh

Because ethereum is as corrupt as Killary and their nonstop forks. Get a life dude. You make me sick with your trolling.

GrossBit

full member

Activity: 174

Merit: 100

look at this news

https://www.bourse.lu/blockchain-press-release

"Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. By introducing Etheruem’s blockchain technology into the certification process, LuxSE is providing a "digital signature" that will ensure authenticity and proof of existence of all documents filed in the OAM."

if we have this on Ethereum directly, what do we need Factom for, if I may ask Huh

estanis

newbie

Activity: 21

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Another use case?

https://www.cryptocoinsnews.com/marijuana-strains-bitcoin-blockchain/

caffeine93

newbie

Activity: 41

Merit: 0

Quote from: Mrboot on November 04, 2016, 05:04:50 AM

Just when you think its getting closer

https://github.com/FactomProject/factomd/commit/be8c2a76ad187361fa462661d6bbb1ce4b3df494

No way dude

well, it might mean they renamed cli2 to cli or merged them? but don't have time to check github now

Mrboot

legendary

Activity: 1204

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Just when you think its getting closer

https://github.com/FactomProject/factomd/commit/be8c2a76ad187361fa462661d6bbb1ce4b3df494

No way dude

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

I m gonna ask my usual daily question, WHERE RE THE NEWS? Brian, Paul, anything for us these days? Please do extend some curtesy and inform us about the testnet status. Thank you.

superplus

sr. member

Activity: 475

Merit: 500

Quote from: GrossBit on November 03, 2016, 08:56:43 PM

Quote from: D-Lux on November 03, 2016, 08:32:14 PM

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

it's definitely going to lose some value with the delay of M2 and the lack of good news recently.

Do you consider billionaire investor Tim Draper investing in Factom last month—saying "I believe that the Factom team has the opportunity and the potential to build a company greater than Oracle and Palantir and IBM combined"—good news?

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

Everything about alt-coins right now is how good your marketing department is.
Hopefully FCT is not one of the trash coins that is about to create the largest alt-coin bubble of all time.

I agree about the marketing point—it would certainly be a welcomed buttress against FUD. But even if a black swan event occurred it would be far from "the largest alt-coin bubble of all time."

Tim Draper didn't invest last month. The closing for bnktothefuture was back in July. so its not really news.

What was publicly revealed last month was Tim Draper was among them. Does it really matter who buys ? the amount is more important and Factom / bnktothefuture were caught lying for months about it.

btw, they didn't say how much he put. We don't know if he put 4M usd (highly improbable), 1M (possible but i don't think so)
, or only a few hundred kUSD (more likely)...

If Tim Draper revealed HOW MUCH he invested and its confirmed - say- that he participated in more than 50% of the offering, that would look more bullish perhaps... else its just headlines for the sake of headlines, and really nothing to care much about. the last news about some "big" famous i heard was Barry Silbert buying ETC, and if you look at ETC price, it would have been a good idea not to listen to this kind of news to make buy and hold decisions....

who the f cares?
make ur own conclusions

GrossBit

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Activity: 174

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Quote from: siaubas on November 03, 2016, 09:40:50 PM

Quote from: GrossBit on November 03, 2016, 08:56:43 PM

Quote from: D-Lux on November 03, 2016, 08:32:14 PM

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

it's definitely going to lose some value with the delay of M2 and the lack of good news recently.

Do you consider billionaire investor Tim Draper investing in Factom last month—saying "I believe that the Factom team has the opportunity and the potential to build a company greater than Oracle and Palantir and IBM combined"—good news?

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

Everything about alt-coins right now is how good your marketing department is.
Hopefully FCT is not one of the trash coins that is about to create the largest alt-coin bubble of all time.

I agree about the marketing point—it would certainly be a welcomed buttress against FUD. But even if a black swan event occurred it would be far from "the largest alt-coin bubble of all time."

Tim Draper didn't invest last month. The closing for bnktothefuture was back in July. so its not really news.

What was publicly revealed last month was Tim Draper was among them. Does it really matter who buys ? the amount is more important and Factom / bnktothefuture were caught lying for months about it.

btw, they didn't say how much he put. We don't know if he put 4M usd (highly improbable), 1M (possible but i don't think so)
, or only a few hundred kUSD (more likely)...

If Tim Draper revealed HOW MUCH he invested and its confirmed - say- that he participated in more than 50% of the offering, that would look more bullish perhaps... else its just headlines for the sake of headlines, and really nothing to care much about. the last news about some "big" famous i heard was Barry Silbert buying ETC, and if you look at ETC price, it would have been a good idea not to listen to this kind of news to make buy and hold decisions....

I usually appreciate your criticism, and you make many valid points, but don't you think you take it too far sometimes? Just as the cheerleaders that refuse to take off the rose colored glasses, even when things are not that great. Come on, now...
The first article that came out was "Tim Draper LEADS the $4.2M series A for Factom". So your probabilities are backwards. A few hundred K is a nice dinner money for him(the least likely scenario), $1M is possible, but not likely, considering he himself was excited about Factom. Which leaves us with $2M+ as the most likely scenario. Then, it absolutely matters who invests in a company. Yes, Factom still may fail. However, it is light years more probable that Factom will MOON when people like Draper invest, instead of nobodys like you and I.
Summa summarum, your comment was an absolute BS.

I kind of agree with you, if my English understanding of "leads" is correct, then the image amount i have in my mind would definitely be in the 1M-2M usd range.

Now this amount has not been disclosed, and we are left to guess.

siaubas

member

Activity: 71

Merit: 10

Quote from: GrossBit on November 03, 2016, 08:56:43 PM

Quote from: D-Lux on November 03, 2016, 08:32:14 PM

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

it's definitely going to lose some value with the delay of M2 and the lack of good news recently.

Do you consider billionaire investor Tim Draper investing in Factom last month—saying "I believe that the Factom team has the opportunity and the potential to build a company greater than Oracle and Palantir and IBM combined"—good news?

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

Everything about alt-coins right now is how good your marketing department is.
Hopefully FCT is not one of the trash coins that is about to create the largest alt-coin bubble of all time.

I agree about the marketing point—it would certainly be a welcomed buttress against FUD. But even if a black swan event occurred it would be far from "the largest alt-coin bubble of all time."

Tim Draper didn't invest last month. The closing for bnktothefuture was back in July. so its not really news.

What was publicly revealed last month was Tim Draper was among them. Does it really matter who buys ? the amount is more important and Factom / bnktothefuture were caught lying for months about it.

btw, they didn't say how much he put. We don't know if he put 4M usd (highly improbable), 1M (possible but i don't think so)
, or only a few hundred kUSD (more likely)...

If Tim Draper revealed HOW MUCH he invested and its confirmed - say- that he participated in more than 50% of the offering, that would look more bullish perhaps... else its just headlines for the sake of headlines, and really nothing to care much about. the last news about some "big" famous i heard was Barry Silbert buying ETC, and if you look at ETC price, it would have been a good idea not to listen to this kind of news to make buy and hold decisions....

I usually appreciate your criticism, and you make many valid points, but don't you think you take it too far sometimes? Just as the cheerleaders that refuse to take off the rose colored glasses, even when things are not that great. Come on, now...
The first article that came out was "Tim Draper LEADS the $4.2M series A for Factom". So your probabilities are backwards. A few hundred K is a nice dinner money for him(the least likely scenario), $1M is possible, but not likely, considering he himself was excited about Factom. Which leaves us with $2M+ as the most likely scenario. Then, it absolutely matters who invests in a company. Yes, Factom still may fail. However, it is light years more probable that Factom will MOON when people like Draper invest, instead of nobodys like you and I.
Summa summarum, your comment was an absolute BS.

Pap0u

sr. member

Activity: 644

Merit: 250

Quote from: D-Lux on November 03, 2016, 09:01:41 PM

Quote from: GrossBit on November 03, 2016, 08:56:43 PM

Quote from: D-Lux on November 03, 2016, 08:32:14 PM

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

it's definitely going to lose some value with the delay of M2 and the lack of good news recently.

Do you consider billionaire investor Tim Draper investing in Factom last month—saying "I believe that the Factom team has the opportunity and the potential to build a company greater than Oracle and Palantir and IBM combined"—good news?

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

Everything about alt-coins right now is how good your marketing department is.
Hopefully FCT is not one of the trash coins that is about to create the largest alt-coin bubble of all time.

I agree about the marketing point—it would certainly be a welcomed buttress against FUD. But even if a black swan event occurred it would be far from "the largest alt-coin bubble of all time."

Tim Draper didn't invest last month. The closing for bnktothefuture was back in July. so its not really news.

What was publicly revealed last month was Tim Draper was among them. Does it really matter who buys ? the amount is more important and Factom / bnktothefuture were caught lying for months about it.

btw, they didn't say how much he put. We don't know if he put 4M usd (highly improbable), 1M (possible but i don't think so)
, or only a few hundred kUSD (more likely)...

If Tim Draper revealed HOW MUCH he invested and its confirmed - say- that he participated in more than 50% of the offering, that would look more bullish perhaps... else its just headlines for the sake of headlines, and really nothing to care much about. the last news about some "big" famous i heard was Barry Silbert buying ETC, and if you look at ETC price, it would have been a good idea not to listen to this kind of news to make buy and hold decisions....

You're relentless, GrossBit, I'll give you that.

He is kind of right though. Nothing he says is wrong or is being disputed by anyone. You are all just name calling him but try and prove him wrong, you cant. I am super bullish long term with Factom, maybe 1-2 years but short term I do believe we are going 150k or under.

D-Lux

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Activity: 385

Merit: 250

Quote from: GrossBit on November 03, 2016, 08:56:43 PM

Quote from: D-Lux on November 03, 2016, 08:32:14 PM

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

it's definitely going to lose some value with the delay of M2 and the lack of good news recently.

Do you consider billionaire investor Tim Draper investing in Factom last month—saying "I believe that the Factom team has the opportunity and the potential to build a company greater than Oracle and Palantir and IBM combined"—good news?

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

Everything about alt-coins right now is how good your marketing department is.
Hopefully FCT is not one of the trash coins that is about to create the largest alt-coin bubble of all time.

I agree about the marketing point—it would certainly be a welcomed buttress against FUD. But even if a black swan event occurred it would be far from "the largest alt-coin bubble of all time."

Tim Draper didn't invest last month. The closing for bnktothefuture was back in July. so its not really news.

What was publicly revealed last month was Tim Draper was among them. Does it really matter who buys ? the amount is more important and Factom / bnktothefuture were caught lying for months about it.

btw, they didn't say how much he put. We don't know if he put 4M usd (highly improbable), 1M (possible but i don't think so)
, or only a few hundred kUSD (more likely)...

If Tim Draper revealed HOW MUCH he invested and its confirmed - say- that he participated in more than 50% of the offering, that would look more bullish perhaps... else its just headlines for the sake of headlines, and really nothing to care much about. the last news about some "big" famous i heard was Barry Silbert buying ETC, and if you look at ETC price, it would have been a good idea not to listen to this kind of news to make buy and hold decisions....

You're relentless, GrossBit, I'll give you that.

GrossBit

full member

Activity: 174

Merit: 100

Quote from: D-Lux on November 03, 2016, 08:32:14 PM

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

it's definitely going to lose some value with the delay of M2 and the lack of good news recently.

Do you consider billionaire investor Tim Draper investing in Factom last month—saying "I believe that the Factom team has the opportunity and the potential to build a company greater than Oracle and Palantir and IBM combined"—good news?

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

Everything about alt-coins right now is how good your marketing department is.
Hopefully FCT is not one of the trash coins that is about to create the largest alt-coin bubble of all time.

I agree about the marketing point—it would certainly be a welcomed buttress against FUD. But even if a black swan event occurred it would be far from "the largest alt-coin bubble of all time."

Tim Draper didn't invest last month. The closing for bnktothefuture was back in July. so its not really news.

What was publicly revealed last month was Tim Draper was among them. Does it really matter who buys ? the amount is more important and Factom / bnktothefuture were caught lying for months about it.

btw, they didn't say how much he put. We don't know if he put 4M usd (highly improbable), 1M (possible but i don't think so)
, or only a few hundred kUSD (more likely)...

If Tim Draper revealed HOW MUCH he invested and its confirmed - say- that he participated in more than 50% of the offering, that would look more bullish perhaps... else its just headlines for the sake of headlines, and really nothing to care much about. the last news about some "big" famous i heard was Barry Silbert buying ETC, and if you look at ETC price, it would have been a good idea not to listen to this kind of news to make buy and hold decisions....

D-Lux

sr. member

Activity: 385

Merit: 250

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

it's definitely going to lose some value with the delay of M2 and the lack of good news recently.

Do you consider billionaire investor Tim Draper investing in Factom last month—saying "I believe that the Factom team has the opportunity and the potential to build a company greater than Oracle and Palantir and IBM combined"—good news?

Quote from: Shiroslullaby on November 03, 2016, 08:03:47 PM

Everything about alt-coins right now is how good your marketing department is.
Hopefully FCT is not one of the trash coins that is about to create the largest alt-coin bubble of all time.

I agree about the marketing point—it would certainly be a buttress against FUD. But even if a black swan event occurred it would be far from the largest alt-coin bubble of all time.

Shiroslullaby

sr. member

Activity: 434

Merit: 250

Quote from: Pap0u on November 03, 2016, 05:49:19 PM

I am a big believer in FCT for the long long term but the pattern here is dump after dump.

I agree.
Factom seems like it has the potential for being a good long-term investment,
but it's definitely going to lose some value with the delay of M2 and the lack of good news recently.

Everything about alt-coins right now is how good your marketing department is.
Hopefully FCT is not one of the trash coins that is about to create the largest alt-coin bubble of all time.

tempus

legendary

Activity: 1960

Merit: 1128

Reason for Bitcoin-price-drop:

"First reported by Bloomberg, the news source is said to have published a report detailing how Chinese officials could soon prohibit domestic bitcoin exchanges from moving certain volumes of bitcoin and other digital currencies abroad.

Of note, the article alleges, are concerns that bitcoin exchange users may be buying bitcoin on local exchanges and selling abroad, thereby evading foreign exchange rules."

http://www.coindesk.com/bitcoin-price-china-rumor-trading/

Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 182. (Read 2115898 times)