Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 201. (Read 2115900 times)

Well Brian did say the corner s rapidly getting closer. For me that s enough. If they had some issue which would make M2 unreachable this year, he would not say that for sure. So I think we re really close to testnet.

Actually they are really alike, maid and factom are both honest company, but actually they both give no normal ETA.
Maid is really transparent in everything except ETA's

Factom seems a little more transparent than MAID.

Agree
I hope they get there. It would make the world a better place.

Maid is designed to resist ddos attacks like this and will for sure not suffer from it, maid biggest concern is with big data from providers and then beeing pulled, but Factom and Maid both have a great future.
They are the coins that can multiply with 10 to 100 factor if you ask me.

Yeah, didn't want to say it but IMO that's likely exactly it. Incidentally I've been following MAID as well and there was a discussion over the past day about whether the SAFE Network could prevent something like this. There's no 100% certainty ATM, but it seems likely it would—i.e. that the Network wouldn't be at risk of this kind of attack. Would have to see the Network up and running though. Random MAID plug, but apropos I think ...

Serious stuff, a state actor playing their games and testing the waters while the US in election mode.

Github is down  - massive cyber attack going on atm... twitter as well...buch of sites... see here:

http://www.cbsnews.com/news/internet-disrupted-dyn-hit-by-ddos-cyberattack/

https://techcrunch.com/2016/10/21/many-sites-including-twitter-and-spotify-suffering-outage/

I disagree. Because what is done in the market is that very low buy-orders are set - about hundreds of Bitcoins and without any intention to buy. The same happens the other way around - huge sell-walls that are often pulled if touched.

And again: That is normal in nearly all markets with significant volume. I consider it as naive to believe in "natural markets" which are very rare - only if very intense news (very good or very bad).

I would be really happy with M2 also cause then finaly Exodus will add Factom, so we have a great wallet

This is what is important. Brian said good stuff is just around the corner a few months ago. This means we re very close and there no doubt testnet and M2 will take place this year. Again, this is how I interpret his words, I dont think there s any other interpretation.

These "whales" you guys speak of are just other investors/speculators who happen to be playing with a lot more money than the rest of us. They aren't necessarily trying to angle for every little BTC by chipping away at the 3.5BTC bot to get their orders matched. I remember earlier this year someone sold like 1,000BTC worth of MAID in two crude market orders. The MAID initially community cried "manipulation" etc. It later came to light that the seller was a very early investor and was handsomely in the profit zone. It's no different to those guys who pull up in a Lambo in a no-standing-zone and just eat the ticket because it's not worth their time to find a park.

It is a fact that the market is very manipulated and that is the case since many months. I don't complain about it, because it's kind of normal in Crypto (it's not only Factom). Sometimes it's done smart and strategic and sometimes it's done very stupid - but whoever does it on the Factom-market does it strategic. And I would consider it as naive to see that hundreds of BTC show up or are pulled in one second - same on the sell side with FCT - and to believe that hundreds of Polo-Users did that.

And of course manipulators don't have full control. And maybe it's about two or more groups. But it's nearly always the same: Just a few guys control the majority of a market.

Even true for Bitcoin:

huobi.com receives about 21,500 unique visitors and 66,650 (3.10 per visitor) page views per day
okcoin.com receives about 9,849 unique visitors and 48,261 (4.90 per visitor) page views per day

yuanbao.com receives about 3,250 unique visitors and 15,600 (4.80 per visitor) page views per day....(that's the chinese exchange that listed FCT)

bittrex.com receives about 64,500 unique visitors and 233,490 (3.62 per visitor) page views per 
poloniex.com receives about 133,500 unique visitors and 809,010 (6.06 per visitor) page views per day


Source: http://www.hypestat.com

Even Bittrex has more clicks than the biggest Bitcoin-exchange of the world. Interesting, right?


In Crypto there is nearly nothing that really is how it seems.

 

Cause people give their opinion here they are twelve, really mature answer aswell. let me explain it, it's a forum people say what they like to say.

Some agree some dont thats how it works.

And indeed markets are beeing manipulated thats obvious, but lets ride the waves till m2 is there.

Thanks Brian,

With the first i ment

Is factom limited to entry coins (server limitations) before milestone 2 ?

Might run a server got some extra vps left here and there.

Thx for the reply!

1. I don't understand question 1.

2. There will be no difference in the cost to place data into factom when the anchors are placed into more that just Bitcoin.

3. you will know about the public testnet when we are ready to have the community start experimenting with it.  You can run your own m2 simulation with dozens of nodes on your local computer testing different topologies, adding nodes and removing them, etc.  If the technically inclined want to play with it, let me know.  http://imgur.com/XuSRcsm

The corner is quickly approaching.

You guys are unreal. It goes down, manipulation, fake walls, people suppressing the price etc. It goes up, manipulation, whales playing with the market, blah blah.

Bunch of twelve year olds in here.

Any artists on here? I thought of a drawing I'd love to see come to life, and have tried my hand at it but ... it's not looking great TBH. Basic idea: It's titled "FCT ELI5" but instead of a written description of Factom, it looks like a 5-year-old's drawing. "FCT" is a Godzilla-like creature smashing edifices labeled "Bad Govt" and "Corrupt Corp." and is blowing flames at "Bad Data" winged creatures, etc. Not sure how it sounds described like this but I think it could be fun / funny.

If you are an artist, PM me and I can share my initial sketches, or feel free to run w/ it yourself (tho let me know so we both don't do so, plz).

Ok, got it.  I have been lending out on Polo, and never knew the rates were tied to shorting.  I thought it was a mix of longs and shorts.  People have been shorting the heck out of Clams.

Right, thanks -- still figuring it out. I thought the fees were adding up a little faster than I was expecting. Still staying in, but good to know.