[ANN] FACTOM - Introducing Honesty to Record-Keeping - page 302.

crazyivan

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Quote from: flashbit on July 09, 2016, 08:54:29 AM

Quote from: crazyivan on July 09, 2016, 02:02:34 AM

Quote from: flashbit on July 08, 2016, 07:08:46 PM

Quote from: Azael on July 08, 2016, 01:08:36 PM

Ethereum created $1.5 billions in market cap from a funding of some $18 million.

How much value will Factom create with their current number at some $2 million and new round of financing to be disclosed at anytime?

Should end up being something like 1/4 or 1/5 of $18 million this year. Any thoughts? Far fetched? What valuation do you think Factom raises at in their A round? How much value do you think they can create?

Going by these numbers, Factom should be worth something like 1/10 of Ethereum if they can create the value we think they will end up doing this year.

If they can deliver on M2 (they will), I could see by Q4 - $5-$6 min / 40M-50M cap.

With M3 in Q1 2017 even higher.

Also add in FOMO and sky is the limit.

What a trolling BS. Based on what? On one grant and being part of Microsoft Azure. FFS, lots of other coins ve been included into Azure as well. The fact remains, Factom team has failed to deliver for now. Still waiting to see how long will we have to wait for M2. From Q1 to Q3. Sure, 6 months delay in tech world is nothing. Or is it?

Very real possibility. It won't be long now. Be patient dude. They will deliver.

I ask the same question again. What do you base your predictions on? Hope it s not the fact you hold FCT and would like to see its price going up.

flashbit

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Merit: 505

Quote from: crazyivan on July 09, 2016, 02:02:34 AM

Quote from: flashbit on July 08, 2016, 07:08:46 PM

Quote from: Azael on July 08, 2016, 01:08:36 PM

Ethereum created $1.5 billions in market cap from a funding of some $18 million.

How much value will Factom create with their current number at some $2 million and new round of financing to be disclosed at anytime?

Should end up being something like 1/4 or 1/5 of $18 million this year. Any thoughts? Far fetched? What valuation do you think Factom raises at in their A round? How much value do you think they can create?

Going by these numbers, Factom should be worth something like 1/10 of Ethereum if they can create the value we think they will end up doing this year.

If they can deliver on M2 (they will), I could see by Q4 - $5-$6 min / 40M-50M cap.

With M3 in Q1 2017 even higher.

Also add in FOMO and sky is the limit.

What a trolling BS. Based on what? On one grant and being part of Microsoft Azure. FFS, lots of other coins ve been included into Azure as well. The fact remains, Factom team has failed to deliver for now. Still waiting to see how long will we have to wait for M2. From Q1 to Q3. Sure, 6 months delay in tech world is nothing. Or is it?

Very real possibility. It won't be long now. Be patient dude. They will deliver.

tempus

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Activity: 1960

Merit: 1128

This could also be something for Factom:

US Government Issues Call for Blockchain Healthcare Research

http://www.coindesk.com/health-human-service-department-seeks-blockchain-papers/

DEPARTMENT OF HEALTH AND HUMAN SERVICES
Office of the National Coordinator for Health Information Technology; Announcement of Requirements and Registration for “Blockchain and Its Emerging Role in Healthcare and Health-related Research”
https://s3.amazonaws.com/public-inspection.federalregister.gov/2016-16133.pdf

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Quote from: flashbit on July 08, 2016, 07:08:46 PM

Quote from: Azael on July 08, 2016, 01:08:36 PM

Ethereum created $1.5 billions in market cap from a funding of some $18 million.

How much value will Factom create with their current number at some $2 million and new round of financing to be disclosed at anytime?

Should end up being something like 1/4 or 1/5 of $18 million this year. Any thoughts? Far fetched? What valuation do you think Factom raises at in their A round? How much value do you think they can create?

Going by these numbers, Factom should be worth something like 1/10 of Ethereum if they can create the value we think they will end up doing this year.

If they can deliver on M2 (they will), I could see by Q4 - $5-$6 min / 40M-50M cap.

With M3 in Q1 2017 even higher.

Also add in FOMO and sky is the limit.

What a trolling BS. Based on what? On one grant and being part of Microsoft Azure. FFS, lots of other coins ve been included into Azure as well. The fact remains, Factom team has failed to deliver for now. Still waiting to see how long will we have to wait for M2. From Q1 to Q3. Sure, 6 months delay in tech world is nothing. Or is it?

CocoLibre

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Activity: 129

Merit: 100

Quote from: Blazin8888 on July 08, 2016, 03:07:24 PM

Quote from: BrianDeery on July 08, 2016, 01:25:20 PM

Quote from: flashbit on July 07, 2016, 05:15:14 PM

Why Blockchain Immutability is a Perpetual Motion Claim

For those who store their data 'immutably' in bitcoin, there are currently two competing options for doing so: "OP_RETURN", and 'Transaction Output' (TXO) encodings. OP_RETURN is a relatively recent invention designed to give programmers an easy way to encode their data into transactions without encumbering the function of the blockchain.

This mechanism is popular with such meta-protocols as Omni, Open Assets, Blockstack and Factom. "TXO" encoding is less popular, and is used by projects such as Counterparty and Drop Zone.

http://www.coindesk.com/immutability-extraordinary-goals-blockchain-industry/

As usual this journalist tends to point in the right direction, but gets details wrong.

He is confusing storing with freely serving up data. Often these are the same, but don't have to be.

Also, we have maintained all along that factom is for securing data not storing it. There is no guarantee that factom data will be around in the future. A good analogy is that 100 year old newspapers are not found on your doorstep, but if you need one, with enough effort you can find it in microfiche at a library. Factom is good for telling you what to ask for and to make sure you got the right thing once you find it. If you absolutely need to have some data in the future, store it yourself. The data validates itself though, so no one needs to trust your storage system was honest.

He is also assuming there needs to be an internal reward for both serving and storing. As bittorrent and IPFS (when available) show that is not the case. People serve up data that is relevent to their community. We see this with bitcoin too. There will always be full nodes even when pruning is common. Their upload bandwidth just might be really slow.

Even his view from the perspective of Bitcoin is also only half-true. UTXOs are not stored in ram.
https://www.reddit.com/r/Bitcoin/comments/35asg6/gavin_andresen_utxo_uhoh/cr2n147
https://www.reddit.com/r/Bitcoin/comments/35asg6/gavin_andresen_utxo_uhoh/cr2vk8x

Thought this was cool too...

http://www.seattletimes.com/business/microsoft/uw-microsoft-claim-big-breakthrough-with-data-storage-using-dna/

In the technology industry, the dense molecules could become a powerful aid in storing and archiving photos, video and other digital information.

- Microsoft needs to work with FACTOM.

Factom was one of the first projects to be introduced through Microsoft's Azure platform back in dec 2015; so they are certainly on their radar. I would expect more direct deals with them and other corporate entities down the line once the system is operational.

flashbit

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Activity: 1008

Merit: 505

Quote from: Azael on July 08, 2016, 01:08:36 PM

Ethereum created $1.5 billions in market cap from a funding of some $18 million.

How much value will Factom create with their current number at some $2 million and new round of financing to be disclosed at anytime?

Should end up being something like 1/4 or 1/5 of $18 million this year. Any thoughts? Far fetched? What valuation do you think Factom raises at in their A round? How much value do you think they can create?

Going by these numbers, Factom should be worth something like 1/10 of Ethereum if they can create the value we think they will end up doing this year.

If they can deliver on M2 (they will), I could see by Q4 - $5-$6 min / 40M-50M cap.

With M3 in Q1 2017 even higher.

Also add in FOMO and sky is the limit.

flashbit

hero member

Activity: 1008

Merit: 505

https://mobile.twitter.com/Abhi1Kenobi/status/751061612144922624

Great example of how @TeslaMotors and motorist could use @factomproject to publish real-time auto driver mode data

https://techcrunch.com/2016/07/06/another-tesla-crashes-in-autopilot-mode/

Blazin8888

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Activity: 672

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Quote from: BrianDeery on July 08, 2016, 01:25:20 PM

Quote from: flashbit on July 07, 2016, 05:15:14 PM

Why Blockchain Immutability is a Perpetual Motion Claim

For those who store their data 'immutably' in bitcoin, there are currently two competing options for doing so: "OP_RETURN", and 'Transaction Output' (TXO) encodings. OP_RETURN is a relatively recent invention designed to give programmers an easy way to encode their data into transactions without encumbering the function of the blockchain.

This mechanism is popular with such meta-protocols as Omni, Open Assets, Blockstack and Factom. "TXO" encoding is less popular, and is used by projects such as Counterparty and Drop Zone.

http://www.coindesk.com/immutability-extraordinary-goals-blockchain-industry/

As usual this journalist tends to point in the right direction, but gets details wrong.

He is confusing storing with freely serving up data. Often these are the same, but don't have to be.

Also, we have maintained all along that factom is for securing data not storing it. There is no guarantee that factom data will be around in the future. A good analogy is that 100 year old newspapers are not found on your doorstep, but if you need one, with enough effort you can find it in microfiche at a library. Factom is good for telling you what to ask for and to make sure you got the right thing once you find it. If you absolutely need to have some data in the future, store it yourself. The data validates itself though, so no one needs to trust your storage system was honest.

He is also assuming there needs to be an internal reward for both serving and storing. As bittorrent and IPFS (when available) show that is not the case. People serve up data that is relevent to their community. We see this with bitcoin too. There will always be full nodes even when pruning is common. Their upload bandwidth just might be really slow.

Even his view from the perspective of Bitcoin is also only half-true. UTXOs are not stored in ram.
https://www.reddit.com/r/Bitcoin/comments/35asg6/gavin_andresen_utxo_uhoh/cr2n147
https://www.reddit.com/r/Bitcoin/comments/35asg6/gavin_andresen_utxo_uhoh/cr2vk8x

Thought this was cool too...

http://www.seattletimes.com/business/microsoft/uw-microsoft-claim-big-breakthrough-with-data-storage-using-dna/

In the technology industry, the dense molecules could become a powerful aid in storing and archiving photos, video and other digital information.

- Microsoft needs to work with FACTOM.

BrianDeery

full member

Activity: 144

Merit: 100

Quote from: flashbit on July 07, 2016, 05:15:14 PM

Why Blockchain Immutability is a Perpetual Motion Claim

For those who store their data 'immutably' in bitcoin, there are currently two competing options for doing so: "OP_RETURN", and 'Transaction Output' (TXO) encodings. OP_RETURN is a relatively recent invention designed to give programmers an easy way to encode their data into transactions without encumbering the function of the blockchain.

This mechanism is popular with such meta-protocols as Omni, Open Assets, Blockstack and Factom. "TXO" encoding is less popular, and is used by projects such as Counterparty and Drop Zone.

http://www.coindesk.com/immutability-extraordinary-goals-blockchain-industry/

As usual this journalist tends to point in the right direction, but gets details wrong.

He is confusing storing with freely serving up data. Often these are the same, but don't have to be.

Also, we have maintained all along that factom is for securing data not storing it. There is no guarantee that factom data will be around in the future. A good analogy is that 100 year old newspapers are not found on your doorstep, but if you need one, with enough effort you can find it in microfiche at a library. Factom is good for telling you what to ask for and to make sure you got the right thing once you find it. If you absolutely need to have some data in the future, store it yourself. The data validates itself though, so no one needs to trust your storage system was honest.

He is also assuming there needs to be an internal reward for both serving and storing. As bittorrent and IPFS (when available) show that is not the case. People serve up data that is relevent to their community. We see this with bitcoin too. There will always be full nodes even when pruning is common. Their upload bandwidth just might be really slow.

Even his view from the perspective of Bitcoin is also only half-true. UTXOs are not stored in ram.
https://www.reddit.com/r/Bitcoin/comments/35asg6/gavin_andresen_utxo_uhoh/cr2n147
https://www.reddit.com/r/Bitcoin/comments/35asg6/gavin_andresen_utxo_uhoh/cr2vk8x

Azael

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Activity: 196

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Ethereum created $1.5 billions in market cap from a funding of some $18 million.

How much value will Factom create with their current number at some $2 million and new round of financing to be disclosed at anytime?

Should end up being something like 1/4 or 1/5 of $18 million this year. Any thoughts? Far fetched? What valuation do you think Factom raises at in their A round? How much value do you think they can create?

Going by these numbers, Factom should be worth something like 1/10 of Ethereum if they can create the value we think they will end up doing this year.

flashbit

hero member

Activity: 1008

Merit: 505

Found a cool site that tracks and charts the op_returns on the bitcoin blockchains. Factom activity increasing every month.

http://opreturn.org/

flashbit

hero member

Activity: 1008

Merit: 505

Why Blockchain Immutability is a Perpetual Motion Claim

For those who store their data 'immutably' in bitcoin, there are currently two competing options for doing so: "OP_RETURN", and 'Transaction Output' (TXO) encodings. OP_RETURN is a relatively recent invention designed to give programmers an easy way to encode their data into transactions without encumbering the function of the blockchain.

This mechanism is popular with such meta-protocols as Omni, Open Assets, Blockstack and Factom. "TXO" encoding is less popular, and is used by projects such as Counterparty and Drop Zone.

http://www.coindesk.com/immutability-extraordinary-goals-blockchain-industry/

flashbit

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Factom is smart not to reveal M2 progress and or completion until after the halving event given this is where all the focus is at the moment.

BrianDeery

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Quote from: flashbit on July 06, 2016, 04:11:13 PM

This looks like a no brainer for Factom to participate.

US Government Issues Call for Blockchain Healthcare Research
http://www.coindesk.com/health-human-service-department-seeks-blockchain-papers/

The solicitation represents the first time HHS has sought entries related to the technology. In the past, other parts of the US government like the Department of Homeland Security and the Department of Defense have actively looked into possible applications.

https://s3.amazonaws.com/public-inspection.federalregister.gov/2016-16133.pdf

Thanks for the heads up.

Blazin8888

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Slow and steady wins the race. Patience is key.

Mrboot

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Quote from: crazyivan on July 07, 2016, 06:35:59 AM

Quote from: Mrboot on July 07, 2016, 06:24:33 AM

FACTOM you said M2 would be released around feb, its Juli now, i understand development involves deadlines and those are broken a lot, but serieus 5 months already and you cant even give a update !

Whats the delay ? I understand your not in a hurry your earning your money and a good nice return of coins added to that on sales.
But your involved with investors why dont you release any info?

Like this you might get some businesses but eventually people gonna hate your project, while they should love it.

crazyivan is a good example of that!

So instead just earning more and more coins just update us so we know what we invested in and what we can plan, your not the only one that involves money here!

You should look like Maid they dont give a date, but still they update people and have a weekly update! Your just a joke compare to them communication wise.

Noooo, never criticize Factom for their failure to deliver. Now u re gonna be attacked by lots and lots of Factom shills and supporters. Fire away boys. Grin

For saying the truth, i dont really care to be honest. Even the Shills know that they suck in giving updates etc.
And im not saying anything about the product cause i like what it can do, but serieusly they cant even give updates while people invest a lot money into their company. Thats just insane

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Quote from: Mrboot on July 07, 2016, 06:24:33 AM

FACTOM you said M2 would be released around feb, its Juli now, i understand development involves deadlines and those are broken a lot, but serieus 5 months already and you cant even give a update !

Whats the delay ? I understand your not in a hurry your earning your money and a good nice return of coins added to that on sales.
But your involved with investors why dont you release any info?

Like this you might get some businesses but eventually people gonna hate your project, while they should love it.

crazyivan is a good example of that!

So instead just earning more and more coins just update us so we know what we invested in and what we can plan, your not the only one that involves money here!

You should look like Maid they dont give a date, but still they update people and have a weekly update! Your just a joke compare to them communication wise.

Noooo, never criticize Factom for their failure to deliver. Now u re gonna be attacked by lots and lots of Factom shills and supporters. Fire away boys. Grin

Mrboot

legendary

Activity: 1204

Merit: 1000

FACTOM you said M2 would be released around feb, its Juli now, i understand development involves deadlines and those are broken a lot, but serieus 5 months already and you cant even give a update !

Whats the delay ? I understand your not in a hurry your earning your money and a good nice return of coins added to that on sales.
But your involved with investors why dont you release any info?

Like this you might get some businesses but eventually people gonna hate your project, while they should love it.

crazyivan is a good example of that!

So instead just earning more and more coins just update us so we know what we invested in and what we can plan, your not the only one that involves money here!

You should look like Maid they dont give a date, but still they update people and have a weekly update! Your just a joke compare to them communication wise.

Blazin8888

hero member

Activity: 672

Merit: 500

Quote from: flashbit on July 06, 2016, 03:53:14 PM

International Blockchain Week and DEVCON2 Details Announced

The final details on the highly anticipated International Blockchain Week have been announced. From September 19th- 24th in Shanghai, developers, investors, and enthusiasts of Ethereum and blockchain technology will have the chance to attend these events.

Factom is a speaker.

http://www.ethereum.net/news/technology/international-blockchain-week-devcon2-announced

Beautiful! Saw them speak at DEVCON1 last year in London. Looking forward to seeing them this year!

Anyone from here going!? - ill see ya there.

flashbit

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Activity: 1008

Merit: 505

This looks like a no brainer for Factom to participate.

US Government Issues Call for Blockchain Healthcare Research
http://www.coindesk.com/health-human-service-department-seeks-blockchain-papers/

The solicitation represents the first time HHS has sought entries related to the technology. In the past, other parts of the US government like the Department of Homeland Security and the Department of Defense have actively looked into possible applications.

https://s3.amazonaws.com/public-inspection.federalregister.gov/2016-16133.pdf

Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 302. (Read 2115937 times)