Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 270. (Read 2115876 times)

Getting close..

https://github.com/FactomProject/factomd/commit/4e75c88454534963df2f9e589223bd861c6571ab

Default node color: Gray
Federated Servers: Blue
Audit Servers: Green

http://arborjs.org/halfviz/#/MTA0MTY     <----- Visual representation of the factom network of servers.

It's most likely right to say that Factom is not about one Blockchain. But it's a hierarchical Blockchain-Concept. Factoids for example are running on a Blockchain and each customer can build it's own chain and it all goes into Directory Blocks before it's hashed into the Bitcoin-Blockchain. Under the line it's an independent system plus "Bitcoin-Blockchain-extra-security".

Someone correct me if I'm wrong, but I don't believe Factom has a blockchain. They basically hash large amounts on data very efficiently onto secure, pre-existing blockchains, e.g. on Bitcoin or Ethereum or ... So they use those blockchains as an "anchor" to secure the data, but what they bring to the table is the ability to scale data entries in a massive way onto already-secure blockchains.

This should give you the size of the current block:
http://explorer.factom.org/

You can find what block you're on by using command get height from the factom-cli

EDIT: sorry thought you were asking about block height not size ... not sure about that

Anyone know the current size if the Factom blockchain? I'm syncing the wallet now and it's at about 1.29 GB. I didn't see the size listed on the block explorer. Is there anywhere else I can look, or just wait until fully synced. Thanks!

Like what? Can you copy info here pls?

Looks like an email has gone out to Factom, Inc. participating investors with some business updates

@Factom (twitter)
We made it on "The future of financial infrastructure” report by @wef. www3.weforum.org/docs/WEF_The_f… #blockchain #fintech

https://twitter.com/factom/status/76672689931368448

+1 big time. I really do not understand why do they have discrepancy of this kind.

i had to agree with u

They have poor public relations to users of the Factom open source protocol - such as factoid holders, but excellent PR for investors in Factom the Company and customers for Factom the company, who are also users of the open source protocol.  Some small improvements in communication with us wouldn't hurt but imo their resources are invested the right way round - in getting new customers and developing the technology.

It's 2 months old. On that old feed is clearly stated: "This account will be discontinued follow us @factom from now on."

I'm looking at the twitter feed that the Factom group itself gave me a link to look at.  Another example of poor public relations.

You're looking at the wrong Twitter account. Look at this: https://twitter.com/factom
Over 6k followers and 1.7k tweets

I would say FAR from case closed.  The blog has had only 15 entries in all of 2016, and half of these were routine announcements of 100K entries, 500K entries, release of versions 0.3.5/6/7, and announcements of hackathon events sponsored by Factom.  The blog entries and the Facebook entries are totally uncoordinated.  The YouTube videos (such as they are) get only around 400 views.  The twitter feed is ridiculous:  2 (yes, 2) tweets and 7 (yes, 7) followers.  

Factom is a huge organization ny Cryptocoin standards, listing 24 people on their team:

https://www.factom.com/team/

Huh.  They've even got somebody that is supposed to be doing "communications".

In my opinion, Factom has the absolute worst public relations of any cryptocoin I've ever seen.

No. Factom has it's own Blockchain and that's the place for companies. It also puts hashes in the bitcoin-blockchain to proof it wasn't altered in any way. If Bitcoin would fail the history would still be there (in Factom of course but also the history in Bitcoin). And more important: Factom can do that with any Blockchain and most likely they will do it with others.

There are or were plans to anchor in Ethereum as well:

Factom Plans To Anchor Into Ethereum Blockchain
http://themerkle.com/factom-plans-to-anchor-into-ethereum-blockchain/

I don't know if that is still the plan after the hard-fork. But in general: Factom is not dependent on Bitcoin. If we think two and more years into the future and expect other big blockchains it's likely that they will anchor in and connect to others as well.

By the way: That's another great point in Factom that it's kind of complementary to a lot of potential Blockchain-projects. There are many potential scenarios for "win-win-situations".



Edit: I also thought about "bitcoin-fail-scenarios". And I believe it could hurt the price if a catastrophic-event in Bitcoin would happen "now" (or the next weeks or months). But it even could be the opposite because many would try to get rid of their Bitcoins and buy into other projects.

And what I expect in the next 12 months is a hard fork of Bitcoin and that we could have to face a scenario like we see it with ETH and ETC. I can't know it, but it's possible that there will be Bitcoin like we know it and a "new Bitcoin" with bigger Blocks. That's one reason why I don't hold much in Bitcoin even if some believe it should shoot up because of the halving - possible of course. But I expect troubles.

For Factom it could even be an interesting scenario, because Factom could anchor in both and it could be helpful in future regarding the block-size-problem. Safe is in my opinion: It won't be boring.

Lets say I'm a company that paid to use factom. Factom saves it's hashes to the bitcoin blockchain. If Bicoin fails. I will lost all my fund?

This needs to be this thread's official motto.

Nice. Case closed. I hadn't seen that ...