Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 232. (Read 2115876 times)

Yes lol they just raised close to 5 Mln. Enough to keep hiring team members

registered to add to the fct discussions  

Lets say Factom itself is dumping company assets (fct) in return for fiat.

They clearly need money for daily operations, where is this money coming from? Not the grant they've received from the Dept of homeland security (200K). This is intended for research purposes only and spendings need to be justified somewhat.

Factom raised close to a million dollars from banktothefuture, over 1 year ago. This was at a time the company couldn't exist without funding. Its fairly easy to burn through 1 million in a year.

I think Factom may be forced to sell to cover costs, and this can only make FCT more valuable in the long run. They may be forced to buy back FCT at some point, for burning purposes as more entry credits are used.


Am i missing something?

I was wrong about the mail. Where in that 1 hour and 30 min podcast is the importance? Anybody with time can come up with a transcript and post here anyway if it is close to what was said in the mail then I have no issue with the ordeal anymore.

Yup picking up some cheap Factom:)

Also just sold - the 500btc dumps always seemed a bit fishy. Feels more like I'm investing in Nautilus or something. Grossbit is right though. What I would have liked to have seen, is a costed announcement of partnerships that explains how many entry credits they anticipate each partner will use. Might make it a little bit easier for potential investors to estimate the future price of factom. At the moment, only the Factom team can have a reasonable guess at that.

Interesting price action. Keeping an eye on this. Recovered very quickly from the dump, but some small 200+ BTC buy walls were very temporarily put up and removed after the dump.

Let's the price drop. Ideal for hungry lions. No fear guys I think factom delay is not because "has no clients" it is just the opposite. If you see entry data you will estimate the sitauation well. The results are more than expected I think. Good luck all. And use this gift in Poloniex well

Nothing has fundamentally changed with the company from a week ago except fear, this sell-off is way over done. I'm not sure what rumours you're referring to ? This whale has been dumping and pumping 100+ BTC way before the 52/55 run up. I agree that a public announcement should have been made. Brian said Paul announced this info in the last public interview ?  I need something more substantial to give in here. All these negative comments timed with a dump seems a little too contrived.  I'm greedy when others are fearful!  Watch for the rebound to 47 +

Thank you Paul&Brian for providing this info in a non transparent and selective way so a person or group of persons can take advantage of it and dump a lot of coins. That s how businesses are being run. Big time thank you.

Who should I e-mail at Factom to get insider info about when the next partnership is going to be announced?  I'd like to get in on this selective information dissemination!!!

It does raise the question of who else had this information before the rest of us?  I wish I would have PM'd Paul so I could have dumped before everyone else too.  I thought it was just people running stops but now I'm not so sure.

well I'm happy I'm out of all my FCT. bought earlier this year just before the completion of the bnktothefuture deal at 0.0025 avg.
was too greedy and didn't sell over 0.006, but sold 80% at 0.0052 and just yday the balance at 0.0047...(last trade 0.00405 !)

i didn't like the price action and there were ongoing rumours of whales/insiders selling heavily around 0.0052/0.0055, thats why i gave up...

and now i see those rumours....

The reasons i invested in FCT was that 5M funding enables to have a plan for the next 2 years, and be able to focus on clients. But so far, i have to say Factom has no real clients.

I have seen no announcement such like:

"Factom is happy to announce that Company X will be publishing hashes related to its (.....) and will submit Y amount of data per year for a value of Z USD (=ZZ EC)"

as long as there no such news, Factom will stay just speculation, and if they don't find a real client (with Z being a significant number) in the next 6 months, i think they will be done, as a new product / a new competitor will emerge... because on the tech side, i don't think its rocket science.

i own the series A so i hope it goes well, but i don't own any FCT anymore. The FCT profit was more than the amount invested in series A so now i can just hope they turn into a giant company....

but reading this forum makes me think i shouldn't count too much on it after all...

This mistake should have been corrected after the Honduras incident.  Your CMO in question.  It is important to have open communication channels.  I wish you success however I have to lower my investment and classify you as less than professionally sound.

Prove me wrong.  I am pulling for you.

The difference was you told the community instead of one person privately.

I'm not angry with you as I understand these are common mistakes made by startups.  But please reflect on this and learn from it.  Small startups can be forgiven but as you get larger, how Factom interacts with the public and investors is going to have to grow substantially more sophisticated.

This isn't something small.  If I was a VC invested in Factom, we'd be having a long conference call.  This is one of the issues I see with going through Bnktothefuture instead of normal funding routes.  Yes, I'm sure you'll enjoy the greater autonomy, but there is tremendous value in having highly seasoned advisors with a substantial stake.

The email in question did come from Paul.  There wasn't much difference between the email content and what we told the community a few weeks ago:

https://letstalkbitcoin.com/blog/post/the-crypto-show-with-the-factom-crew-paul-snow-den-and-brian-deery

https://www.reddit.com/r/factom/comments/556z5y/companies_mentioned_in_factom_chains/

Companies mentioned in Factom Chains self.factom
Submitted 3 hours ago by SanchezMira
After reading this post on Bitcointalk : https://bitcointalksearch.org/topic/m.16407095 about the new DHS chain

I checked out all the factom chains on : http://explorer.factom.org/chains and it seems there are a couple of chains from companies/clients of factom I can't find any info on,

Nr 1 : http://explorer.factom.org/chain/71fca6c18414a584a18d3cb922af52d2553436008c2ce77b973b8806d5936bfc
http://explorer.factom.org/chain/acb2da5d74f3741c67031a9ef9b40d348dabe12227f701230f0e2baba78bb74d
Synapse payments ? https://synapsepay.com/

Nr 2. http://explorer.factom.org/chain/b93223e871623d77ce512b11fea9d12b60a26d6f8eae776dad74f69f0843ae94
Bitmedi > https://github.com/SummerTiger/bitmedi

Nr 3. http://explorer.factom.org/entry/ff9436551de215eeb1ed320765c8147d97dff481052ad030642a47a26a7cd0d5
BTL ? is this perhaps BTL.co ? http://btl.co/ ? They also attend Money20/20 https://www.money2020.com/ , Factom also does... ( don't want to speculate anything ) https://www.money2020.com/companies/factom

Nr 4. http://explorer.factom.org/chain/1b47a49921cba5ec9984912c648b5c1092a60628014728d02a839ce625c20a19?page=4
Prosoft Alliance LLC, not sure what this is ? Something with Land registry possibly : http://innola-solutions.com/

Does somebody have more info about these please ?

[–]JustBatman 2 points 2 hours ago
Maybe new partnerships? They said that they have a few exciting announcements to make in the near future...
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[–]Ph03n1xII 3 points 32 minutes ago*
I believe that they do a lot of testing with potential customers and after that can follow an official announcement. It was the case for DataYes for example. They started with Factom in April 2016 - can be seen here - usage statistics, and the official announcement followed on august 10th. The chances are very good that future partnerships already are in the pipeline.
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[–]JustBatman 2 points 11 minutes ago
Sounds about right. And the FCT price is on a nice decline, perfect to buy some before any announcements.
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[–]Ph03n1xII 2 points 5 minutes ago
It was the same with Intrinio. Tests started in February 2016 and the partnership-announcement followed in august. And yes, I agree. I believe that Factom always is a buy because of it's general potential. The price in short-term is pretty much unpredictable, but I would be surprised if we wouldn't look back in one year and say "wow, it was so cheap one year ago!" ;-)

[–]sir_wagnal 2 points an hour ago
Nice detective work!
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Dumb people and weak hands always lose money. It has always been this way and it will always be like that. So dont waste energy on trolls.

Jeeez what is up with all the fudding trolls. Be careful not to get caught in the short squeeze on your way out

D-Lux, I still don't believe you. Can you please team viewer into his esophagus and scrape his tongue so that we can verify his DNA? We simply must get to the bottom of this. My entire holdings of Factom depends on whether the testnet is delayed a few more weeks.

I don't think giving teamviewer to someone you just met in trollbox is enough. Invite a stranger to your home and let him sit next to you while you show.

Like Craig Wright you keep coming back with some more "proof" instead of just calling Factom to exonerate you.