Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 290. (Read 2115900 times)

All you do is trolling now. I explained to you how to use the block explorer and how to see factoids movements. I won't repeat myself.

I'm going to disregard your bait post and simply say: a blockchain explorer is common sense in crypto and it gives investors protection and being able to independently verify movements and the blockchain and things like total amount of coins and distribution without downloading the client. I shouldn't need to trust anybody when we have blockchain technology. We as investors need a blockchain explorer and you can't convince me otherwise. And there is no FCT transactions in the "explorer" it is entries. FCT transactions and a normal blockchain explorer was removed months ago for a reason like selling coins. I don't care about your agenda, it is horrible for investors that there is no blockchain explorer period.

To be honest i try to short factom various times.. but i end up lose money, because It is not easy to short crypto which is small in supply... and all these fundamental about factom make me can't be patient to quickly buy it back.

But shorting other crypto with large volume which i wont mention their name is alot easier.

It's pointless, you will gain nothing from this, even if you were a whale. Market fundamentals decide in the long term. If you are looking for fast money then i suggest you take margin loans rather than make them.

Anyone have any thoughts about lending a crypto at a very low rate, not so much to earn interest, but instead to attract shorters in the attempt of contributing to a short squeeze (which would drive the price higher, if good news hits)? I don't have any love for FCT shorters, and never margin trade myself, just fyi. Moral, strategic, etc. thoughts appreciated.

Edit: "short squeeze: A short squeeze is a rapid increase in the price of a stock that occurs when there is a lack of supply and an excess of demand for the stock. Short squeezes result when short sellers [are forced to] cover their positions on a stock [to prevent getting margin called]."

I agree that the gains are minimal, and you are just wasting your time lending for 0.01%, minimum rate for me is 0.1%
But there are times when the rates go through the roof, was getting 0.4% last week, which comes to about 160% annually. Solid return if it keeps up, but it rarely stays that high for more than a few days before money starts moving in. The Polo lending system is terrible which creates these weird distortions, ended up writing a script to update prices and get the best return. Nothing worse than leaving it on autorenew and lending out money for a quarter of the market rate.

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.

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.

valid questions which should be answered (i'm also invested in FACTOM).

I would like to see the team disclose their Factoid addresses and me being able to independently verify them.

I would like to see the team disclose when or how they sell their Factoids. Somebody is repeatedly dropping 100 BTCs on market for months like they don't care, any investor with that kind of money in a project wouldn't sell it like that. So that leaves founders who still hold a large amount of FCTs they're coincidentally very quiet about. It's all quite ironic for a project representing honesty and transparency to offer no transparency to FCT holders.

I am not asking for much. A decent blockchain explorer to track large addresses movements, and more transparency from the Factom team what they have done with their FCTs or what they will do with them in the future.

That's for entries and not the FCT.. Where's the FCT transactions? And that's not a richlist. Just Bittrex distribution.

How is this going to help people accumulate a lot of Factom? The average interest rate is what 0.01% and lower. At this rate, one need to lend 100k FCT lent in order to make less then 10 FCT per day. Dont forget Polo taxes 15% of your profits. This is simply NOT possible.

The best way to accumulate a lot of Factom is to lend your existing balance so that traders use it to short. This could be one of the most legendary plays in the making. Watch for when the sell side decreases. This is when traders are not lending it in large amounts.

Yes, true. Richlists are not that revealing. It can be interesting because at least it's possible to see if there are changes. But it's always possible that one person has 10 addresses with 10k each or something like that.

What I would be interested in: The distribution on Poloniex. And even more: I would like to see when huge amounts are deposited or withdrawn and who opens orders and when and buys and sells etc.

That would be advantages ;-)

That's what I thought, too. But honestly, a "real richlist" wouldn't tell you the truth eiter. Whales usually do split their funds into multiple wallets to obfuscate their balance.

The "Richlist" is no richlist. It's the distribution of Factoids on the Bittrex-exchange.



New video:

Factom Developer Insights - Paul Snow
https://www.youtube.com/watch?v=50gGy59cGq4&feature=youtu.be

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)

In regards to M2, Paul Snow says "We are at the very, very edge here." (minute 9:00)
I think he meant to say "end." Whatever the wording, he said it with a big smile ... 

I'm not sure how often the team members patrol these discussion boards. Probably best just to contact them directly at:

https://www.factom.com/contact/

Solid

Paul Snow Dev update

https://www.youtube.com/watch?v=50gGy59cGq4