regarding FCT the one thing that holds me back give it a big portfolio position is that as stakeholder u get no share from coin rollout
this means FCT can never become a income source for u and only stay a speculation object
coins like NEM or NXT allow harvesting
even ETH plan to switch towards POS 2018
FCT give u zero way to generate a constant income without sell and reduce ur stock of coins
for anyone beside the max 32 entities (now 1 and with M2 i think 8 ) who sell entry credits and inject data into the chain
This question IMO ultimately comes down to Income vs. Appreciation. There's no income potential with FCT, but the expectation of the trade-off is that FCT will appreciate more quickly.
If, theoretically, you were to reinvest theoretical FCT income, and compared that portfolio to one of non-income-generating but more-quickly appreciating FCT, I think you'd find that Appreciation beats Income any day. The benefit of Income is liquidity, but if you don't care about liquidity—if you're not looking specifically for Income from your crypto portfolio—you'd do better with Appreciation.
as i said FCT is a great speculation vehicle but no self sustaining income source
i like a mindset where even we the small investors can contribute to the network and get rewarded without a reduction of our coin share more
this is true with POS coins
this is true with masternode coins
this is true with harvesting possible coins
this is not true for FCT
to split coin rollout into a 50% parts spread between the 32 big companies
and 50% between FCT shareholder who support the network
would have been so much better im sad they didnt take this path
in the end FCT are just crowdsale tokens but the whole ecosystem is designed in a way that crowdsale investors can do nothing beside sell with their tokens
the real big income will be earned by a handful companies and the whole network infrastructure core network nodes are managed by them
FCT decentralisation is very weak and a shame for the base vision satoshi nakamoto had for blockchain based economy of the future
I don't see the relevance in your argument. Your comparing apples to concrete. Bitcoin is Bitcoin, Master node is Master node, Factom is Factom. By the way BTC doesn't offer continued income either unless you're a miner. After the last coin is mined? If you want POS, then invest in POS. If you want Pow invest in Pow. Factom is neither never claimed to be ? Factom would be more like BTC without the mining.
I feel you don't understand the massive upside potential of Factom. The end product of Factom is 100% verifiably decentralized. That is the basis of their business model. Factom is a, scaleable side-chain, massive entry system. It would be very difficult to be 100% decentralized at this stage.
One they are a real company, not a coin or a dao. That means they are responsible to those clients and investors for the products they are selling along with company growth. Having control over to execute company growth to pivot and scale when needed, is essential. They have to maintain control of some of their processes to do that. You're implying they are not running the Federated servers decentralized enough? You think they should allow anyone to build, upgrade an maintain specced servers ? I can see some problems with that idea. Growth being one, BTC and Chinese miners also come to mind. In the end, it doesn't change the end product is 100% decentral written into BTC and ETH blockchain.
Factom's job is to take real world companies and be an on-ramp to the crypto world. They are a massively scalable entry system, with hundreds or possibly thousands of unforeseeable side eco-systems. I can think of one side ecosystem right now me or anyone could start tommorrw, that would add billions and billions of entries with unlimited growth potential.
I even talked to Mr. Snow about it, you know what he said? It's on our list! This is just one side ecosystem into Factom.
In short, here what I discussed:
Adaptable voting software that's scalable, from a H.O.A to country level presidential elections. Voting software that tallies and provides everyone both anonymity, and public scrutiny at the same time. The public ledger allows the individual voter to check their hash to ensure it was counted correctly, same with precinct level tallies. There is a chain of vote custody that almost 100% eliminates voter fraud. Even a sample hash recount could be possible if enough voters came forward and presented their hash receipt.
I envision anyone with a home computer, smartphone or a simple Raspberry Pi level voting machine/s, to use the voting platform software and the Factom's chain. It's cheap, efficient, and could reach billions of voters almost instantly, and again the best part all entries go through Factom.
The cost is within reach of most at a 1/10 of a cent per vote. I'm not sure how corrupt governments or the like would receive this system, but it's definitely good for the end users. There is an unlimited market for this product, any country, local government, corporation, even the BTC block size debate. It would be very useful if time permitted in the upcoming U.S. election, however, I feel such demand for such a product will be more so afterward.
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It's been discussed in detail in this forum if you want to look it up. Billion entries = $400 us FCT price. This amount was discussed to be needed by just one potential Factom client in the financial industry.
