Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 289. (Read 2115900 times)

I'm not aware of any project that discloses private team members holdings. Does Dash do that? Does Ethereum do that? Does any other team of a major project do that?
It's like asking someone to show how much they hold in their bank accounts. That information should stay private and it is personal in my opinion.

There was a token sale and lots of people bought FCT at the time, what you see on Polo is simply normal speculation activity.
People buys low and sells high and if they hold many FCT of course they don't want to reck the market and get it below a certain point.
Also when FCT was first listed it was reeeeally cheap, so some people may have quite a good stock of them and are just playing the market to their advantage.

You seem to be obsessed by the fact that Factom is selling coins... Or you are just trolling for your own purposes. I don't think Factom Inc, the company, holds any Factoids. They also stated that if customers wanted to buy Entry Credits directly with FIAT or CC they can but in that event Factom Inc will go on the Open Market buy FCT at current market price and convert them to EC for customers.

The distribution of FCT as stated on this thread and during the token sale was 50% token sale, 20% early investors, 30% to people who contributed to the project.
There was a total of just over 8 million FCT. They are not many so it's very easy for a third party whale to stock up and make the good and bad weather on exchanges.

And the explorer can show you FCT transactions. Have a closer look. What you are looking for is something like blockscan.com does for XCP assets, but yes I don't know of many other explorers that allow you to do that.

Also a tool you are seeking or a way to see the top addresses like you are asking would allow you to predict the market somehow that's probably why you are so keen.
I have bought a few BTC worth of FCT during the token sale and I'm holding, I personally think FCT is undervalued but I don't do day trading I'm in it for the long run, wait to see what Factom comes up with in terms of partnerships, customers, and software releases. That's when the real value of FCT will come up. Right now it is purely driven by speculation and people that believes in the project who like me HODL!

Accusing Factom or their team members of selling FCT or rigging the market is silly, first everyone is free to do what they want with their money, second it is an open market and there are many players around with large pockets. See what's happening with ETC and ETH? The mother of all pumps?

Finally you seem to have come out late to the game, you got to accept that and make your own judgement before deciding where you put your money.

Smartcontracts interesting, could move FCT in the neighborhood of ETH price

Where Factoid re going to be position regarding these smart contracts project? How re entry credits, that is Factoids being used to fuel this? In other worlds, why should I buy more?

Found a way to say it in short words:

1) Factom won't be just a recording-system for data but also a provider of data!

2) Before it can be provided it needs to be factomized = Entries.

Time for FCT to fly and take position number 1 again. M2 would be a really great element to complement this news.

Wow great news 
Factom is getting SMART CONTRACTS 
HOOOORAY 
https://www.factom.com/smartcontract-factom-announce-collaboration/

Wow great news 
Factom is getting SMART CONTRACTS 
HOOOORAY 
https://www.factom.com/smartcontract-factom-announce-collaboration/

Neat! But they should split up the explorer in two pieces: one for entries and one for transactions. I have no idea how to navigate here. How did you come to that tx and how can I follow the flow of transactions? Both ongoing and prior. Anyway now I got some sleuthing to do and thanks. Is it correct to assume you need a FCT adress first to search here? Would appreciate a quick guide on how to use this.

And you are wrong as Bill Gates has sold shares of Microsoft but he still believes in Microsoft so that argument is useless but let's not get into why people are selling something as it could be for many reasons. And sure they get salaries but they also have FCTs as bonus which has appreciated in value more than 1000% in less than a year. As a working stiff with a sound risk appetite surely this is enough to bank. I find it odd that you find it highly unlikely this has occurred but well who cares. It's a bit icing on the cake you speak about 'plain logic' but I guess plain logic to everybody is holding 'magic internet money' at 1000%+.

And if you knew a few things about trading you'd know this is not 'without basis'. And it's not 'FUD'. For me it's about investor protection since I am indeed a investor. A blockchain explorer that is easy for everybody to use and a user friendly wallet as well as a statement from Factom what they will do with their FCT in the future is not only protection for us but will attract other investors and contributors as well.

Yes, forget the Bittrex richlist.

Factoid Transaction: http://explorer.factom.org/tx/1314d888316970f0c6262ba62d1a404f1f34c33ac0c8d92ac625d02ac6e8552a

Although, I highly doubt any Factom founder or early team member would dump any coins right now. That would only make sense if that person has urgent financial problems (what is unlikely since Factom Inc. has enough funds to pay the employees appropriately) or if they lost trust in their own idea - which is also unlikely if you look at the processes made in code, partnerships, funding and media attention.
Every big holder, especially when directly involved in the project, would not dump at these low prices at this volume level. That's just plain logic. Other accusations are just FUD without basis.

Right, so show me a screenshot where you see FCT transactions back and fourth.


That is only entries. And you want me to use Bittrex distribution as the richlist, when they represent less than 5% of the daily volume of FCTs. That is simply not good enough. There should be a blockchain explorer for every investor be able to independently verify the movements of FCTs. I'm asking for a blockchain explorer and it is ridiculous that you are making a big deal out of it.

We as investors need a blockchain explorer for FCTs. It is for protection, prediction and allows for everybody to enjoy blockchain technology in a simple way.

I explained to you how to use the block explorer and how to see factoids movements.

FCT transactions:

1) open http://explorer.factom.org
2) click on a block
3) scroll down
4) click on "Factoid Block" (http://explorer.factom.org/fblock/6231b2f1c0124c141043f47be3ebffe0e0cc7c5be9266b6cea1294de54b75691)

Richlist:

1) https://bittrex.com/Market/Index?MarketName=BTC-FCT
2) click on "Distribution" (even though that list looks wrong to me)

They just raised over $5 million, why would they be dumping coins at lows for 5 figure lots while simultaneously raising capital that is 1/3 of the entire token's marketcap. Use some basic logic, this isn't a standard shitcoin run by some anon devs looking to dump into any liquidity that enters the market.