Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 313. (Read 2115943 times)

And again your estimation is just about the price. Or could you say where exactly Ethereum is "in front"? Smart contracts? Yes. Factom is not in the smart contract business. But do you really believe anybody would use Ethereum seriously with such security-flaws? Do you believe the Ethereum-Blockchain would be a good decision to record data into it?

I'll give you some infos about Ethereum. And if the majority of ppl would read it, the price would crash:

Ethereum itself seems to be flawed according to the latest developments on the DAO Hack.
https://www.cryptocoinsnews.com/ethereum-solidity-flaw-dao/

Ethereum is Doomed
http://nakamotoinstitute.org/mempool/ethereum-is-doomed/?fb_ref=Default
 
DAO Debacle Escalates: Attacker Counter-Attacks Ethereum Developers
http://www.coindesk.com/dao-counter-attack-ethereum/


And just by the way: The debacle was predicted!

Just one article about it - May 18:

Ethereum Contracts Are Going To Be Candy For Hackers
http://vessenes.com/ethereum-contracts-are-going-to-be-candy-for-hackers/


Your problem seems to be: You sold your Factoids to buy Ethereum right before it's DAO-disaster and now you're scared that Ethereum could go down while it's just a matter of time that Factom will have more good news. And: What you see at the Ethereum-chart now is most likely a bull-trap and it's already going back down. In combination with a rising BTC it most likely will find new lows. And, we shouldn't forget the DAO-Ether that will reach the market. Plus: DAO, the biggest Ethereum-related-project is done. Slock.it has also lost a lot in this debacle - money but especially trust.

So, good luck with your decision!

Pls do not make me laugh. Comparing Ether to Fct in any field is simply not adequate. Eth s in front of Fct in almost everything and as the time passes I really do not see a niche where Fct can deliver and Eth cannot. I understand people think there joice is the best simply cause they hold some coin. Well, it aint. Look at the price of Eth compared to FCT, having in mind Eth s got huge numbers, Dao disaster and constant inflow new coins on daily basis. Yet, it s not Eth which dropped 20 percent in one day.

It was me.  I accidentally pressed several wrong buttons.  Apologies.

Ethereum did not launch at top 3 so by your logic you're shilling a copycat which we both know that Ethereum is not.


Ethereum is roughly 1/10th of Bitcoins market cap now. That doesn't mean 1,784,670~ Bitcoins could be converted from ETH. Add fiat conversions to a currency into the equation and you realize that something doesn't need to follow the constraints of crypto total mcaps you see at first glance to become highly valued. There can be fiat influx and investors holding on to their coins causing the supply trading to be less than the total supply.


Consider you want to use a lot of entry credits in the future and you believe that the current price is low. Then your best course of action would be to buy Factoids now with no intention of selling or trading them and wait a bit for the price to increase to use them.


And you talk a lot about "pump" and "dump" but be reminded by two things: ETH pumps and dumps a lot. And for a crypto that succeeds it's not going to stay under a hundred million market cap so a "pump" is inevitable if success is achieved. Crypto is just a dot in the universe of finance.

The dump seems to be a reaction on the little Bitcoin "pump" after it's low at $ 560. And it wasn't just Factom that got a hit. I believe that people hoped alts would react with more up-dynamic on the Bitcoin-drop. Now it can be expected that Bitcoin found it's base and goes back up and that might bring some pressure on alts because many bet on the Halving, maybe new ATH's for Bitcoin. That's a problem for other markets since weeks.

I personally don't expect that Bitcoin just will shoot up again but that it will be very volatile which will make it hard to find the best position. For me that's just another reason that Factom is my Nr. 1. It feels more safe than Bitcoin. And if Bitcoin should explode to new ATH's I will take the loss first. I count on a dynamic like Litecoin had it in late 2013.

Good post and I agree I was just stating that. We have a lot of things to go on in Factom such as a sound economic model to grow from as well as a value proposition and where venture capitalists has ultimately valued the Factom network at seed around $11M. This is quite rare information to have in crypto.

What I'd like to see is growth to both network in terms of users and entry credits but in price as well. I'm not shy about that. Factom is going towards decentralization and higher price means a more secure network as better resources are put in to compete for rewards that become increasingly scarce.

There's also huge incentive for larger holders to accumulate now and not later as Factoms will be burned and thus increasingly scarce. At some point in time assuming increasing entry credit usage https://docs.google.com/spreadsheets/d/1RUZLxxoAfT3C5jIJ144DLYdztYe_sqrKqbTlZuD05-s/edit#gid=445871101 this will outweigh the new FCTs created every month.

A low price at this point in time and in the start of widespread EC conversion is beneficial for accumulators since that way we're burning more FCTs since ECs are pegged to USD. What we define as low depends on perspective. Through a pure market perspective I prefer more liquid and deeper markets that comes from increased margin for longs on the buy side. Something like $20-40M is where I would like to see it go as accumulating for long-term larger holding there is still ridiculously good in due time assuming EC usage increase at the same accellerating pace.

Top 20 s not good. Top 3 s good, max. The rest is just copy of a copy. This market s not large enough for so many crypto.

There are two reasons for supression. Suppress to accumulate. Or suppression due to atrophy.

Remember there still hasn't been one mainstream crypto to actually be used by the masses. Not even btc. That makes every spike ever pure speculative movement. And some real investment by believers. But none of this adds up to an organic market.

There are teams who use coins to make money. I have a proof a PDF from about two years ago outlining which coins this Chinese group should focus on.

Be greatful FTC hasn't received the pump, it destroys the.community and takes years for ppl to trust anyone. It spiked sure but almost every coin spiked three months ago. It was just a pool of new speculators money sloshing around.

Top 20 is good.

Correct. The red candle was almost 80,000 FCT sold in one go down to 0.001421

I never said that. Here's to refresh your memory:

Someone saw the Bitcoin rally and decided it would be good to sell his 80,000 FCT into the buy side. I scooped some of it up with a joke bid that I had up.

That's really no way to exit a position though. Had he just sold it over day he would've exited with a lot more.

I buy on average 2000-9000 Factom per day and sell much less than that and more responsibly.

Why is this? I suppose you ll say cause of my trolling.

Most likely a whale or large holder selling out as it all happened within 5 minutes.  see where price settles EOD

Factom used to be a top 10 coin and now it's barely hanging on to top 20. It's being surpressed badly and trading well below the valuation venture capitalists has given to the Factom network.

Rage dump or simply manipulation.

People either love or hate factom

10% dump? Why is this? BTC did go up a bit but Eth has not moved regarding price.

Any meaningful explanation other then just another dump wave which will be followed by guess what......

Chinese exchange Yuanbaohui.com which traded factoids changed its name. The new name - Yuanbao.com
https://www.yuanbao.com/coins
http://coinmarketcap.com/exchanges/yuanbao/

@HSTodayMag: @dhsscitech awards $199K to @factomproject for #IoT #Security.
http://www.hstoday.us/briefings/industry-news/single-article/dhs-s-t-awards-199k-to-factom-inc-for-iot-security/9810d61538bf08727ffeb05d6dcf6df1.html … #bitcoin #blockchain #fintech #tech

https://twitter.com/factomproject/status/746010028323155968

That is also true. Most seems to think basic laws don't apply just because we're in crypto. But Factom is in the real world doing real groundbreaking work under their real names and in the real world you play by the rules or go to jail. I like that Factom is setting a good example for other crypto to follow.

I can see their vision and I believe in what they want to achieve thus I invest.

Dont forget there are a ton of laws regarding investment advice and securities in the USA. FACTOM is on top of their game in this field. They are dealing with entities such as the DHS and can not afford to make childish like comments on the price of FCT. USE your brains. Study what they are doing and what their vision is. If you believe in them. Invest. Do your own research.