Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 207. (Read 2115876 times)

You're not seeing well. I'm not a shorter (i NEVER short crypto) and actually i'm long FCT.

Yet, I'm not removing any of my word,

If you read the whole discussion you will find evidence that bnkofthefuture misrepresented to the 158 investors in Factom A-shares equity sale the amount of funds raised, overstating it by 1 million USD (5M instead of 4M, we're talking 25% of the offer)

I posted screenshots of that. If you are interested you will find it by yourself. Those 158 investors (and I'm one of those) had the big surprise of learning the sad truth through the press , with a dubious timing on top of that.

There has been no apologies from either bnktothefuture nor from Factom at all, despite that misrepresentation is a CRIMINAL offense.

After that episode, my trust into Factom's team has gone down several levels. However given the relative cheap valuations and the economic outlook, I'm long FCT again (sold over 500 my stash bought at 250) but i'm nowhere willing to risk as much as i used to, and i will stay vigilant.

I don't want to shoot myself in the foot, as an investor, thats not my interest. but if i wasn't invested anymore in Factom, maybe i would file a complaint to the SEC. Maybe those involved would take things more seriously from there, they act as if nothing happened... its a major fuckup to me.

Definite signs of whales shifting to buy side. I detest manipulation in all forms but have to say, mind it less when manipulation is on the side of the tech ...

Wise words, not just applicable to crypto either.
Factom is too boring for the perma-trolls thankfully.

Yes. He worked for mastercoin and that was no scam. It's omni now. But of course there also were projects that failed. I'm not too informed about all that because I never cared about mastercoin.

But it's often that some people mix up intentionally fraud (scam) and fail - and failed projects are usual in a new market. This market is in best case about innovations, about trying things out, about trial and error. And we, as Investors need to know that to act self-responsible. There is never a guarantee for anything. Who wants to be safe shouldn't invest - but maybe also not keep his money in the traditional system which could (I would say: should) be considered as intentionally fraud. ;-)

Btw: I don't know of any good project without scam-accusations. In Factom it's rare in comparison.

Basically what I was getting at. I know little about his history but from 5 mins on google seems to have been an organiser for a whole bunch of coins related to Mastercoin at that time.

I get this vibe of petty retribution because someone lost money on a failed project.

It's the typical Crypto-blame-game. Who is new to crypto can't be trusted because he is new. Who was involved in other projects that didn't work out perfectly is a "scammer". And David Johnston didn't do anything else than promo for some other projects as far as I know. He is no Dev. To call him a scammer would be the same to say Poloniex is a scam exchange because they've listed projects that failed.

Exodus seems like an excellent wallet to me, should Factom even spend the resources on building their own?
A nice gui wallet is basically the main request here, and I feel that the lack of one immediately scares a lot of people away

Exodus know their stuff, they aren't half assing around with their product. So if someone else can do it better for you, why not just let them and direct your energy elsewhere?

I'm intrigued also, is there any more to be said?
Saying someone just ran off with your coins is a serious allegation, trying to look around for details but can't find much

There's a massive difference between a coin failing and a scam. Technology startups aren't some guaranteed road to riches while you sit back and drink martinis.
Can't see Johnston on their website though he's related to it somehow.

https://letstalkbitcoin.com/blog/post/mastercoins-api-network-launches-to-lackluster-crowd-sale

The crowdsale address shows they raised ~60BTC:

https://blockchain.info/address/12Stz3hoF1sY9J12GyMhsAGBa16vWrmufG

Nice Thanks Rakesh!

Yes, very soon. Exodus [wallet] will be having FCT integrated.

thanks! do you perhaps know if they plan to release an normal and userfriendly wallet?

walletapp is perfectly secure, but runs through a browser and isn't the nicest looking thing, this is widely acknowledged, even by the Factom team
https://github.com/FactomProject/distribution


there's also a paper wallet for storage, factoidpapermill, again on github:
https://github.com/FactomProject/factoidpapermill/tree/master/bin

Secure the private key on paper or a usb somewhere and that's it

is there a secure factom wallet? where can I found this? Thanks!

This is concerning. Could you please elaborate more? Via PM is also possible.

The last thing I want is flame wars. Hence my posts.
One thing is seeing a basher/troll/shorter fighting a few fanboys with arguments, however absurd. Another is seeing all of you enticing personal attacks and spillover to other sources of information. And this is supposedly the best news source for all the new people coming to Factom? Please keep calm and civilized, however annoying sometimes it may be.

I'd probably feel worse if every one of your comments on this post, except 1, weren't lashing out at someone ... Anyone who's read this thread knows how far counterarguments with him get. But as I said, I probably shouldn't have voiced my frustration by pointing to another user's post. I'm not going to have a draw-out discussion with you about this, much as I'm starting to think you'd like that ...

Also, you don't understand what a "straw man" is.

So your counterargument is to stoop below his level?
1. There is an ignore button.
2. I thought you hated a straw man/non sequitur arguments that you are employing yourself right now.
3. I don't know if this board is moderated at all, but such posts deserve immediate deletion. You are asking people to downvote his posts someplace else. Kindergarten.

His posts constantly derail discussion and cause misinformation to be spread among people looking to actually learn something about Factom. It's not about "not liking him." But you're right, probably shouldn't have voiced my frustration in that way ...

I don't particularly like his attitude, but I don't think your "discussion" could get any lower: "go downvote a poster I don't like on another website."
It's a shame, I'd say this is worse than his FUD posts...

GrossBit amuck on Reddit again. Voting link above ...