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Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 321. (Read 2115876 times)

legendary
Activity: 1268
Merit: 1006
Metaphors are great explanatory tools when the comparison they make is correct. Yours, however, did not address my argument.

Yes it did you merely don't see it because you don't want to and it would harm your point if you did.  

You want them to mollycoddle you and I am pointing out it is not what real companies do and it is also not a concern to them whether you are informed or not about their day to day activities.  

They are working on the important part of their business and not pandering to babies.  

It is like buying Apple shares and expecting Tim Cook to update you on what is happening behind the scenes everyday.  That is not going to happen.

If you believe in the project you hold, if not you sell.  

It's pretty simple - complaining because they don't provide daily updates is just unrealistic.

You've obviously never lived in poverty if you think people can't sell coins they believe in. News flash: people need food. People have loved ones that depend on them. There are more coins in this space which I believe in than I possess money to invest, so I have to choose.

This is not analogous to Apple at all. I am not some random investor in Factom. I wrote the first Bitcoin Magazine article about it, made it appear on NewsBTC countless times, had Paul Snow at CoinFest, and have been recommending it to government officials in Nigeria for some time. And more importantly:

I am also participating in a forum of my peers, where it should be assumed many other people have at least a couple similar connections. But the general conversation here tells me that not only is Factom not informing people publicly, but they're not PMing me or any of you guys about it, either. Or if they are, maybe you have way better connections than me, so they thought you were more worth their time Tongue My thinking here is really more practical than emotional, though... I cannot profit from trading without adequate knowledge
legendary
Activity: 952
Merit: 1000
Metaphors are great explanatory tools when the comparison they make is correct. Yours, however, did not address my argument.

Yes it did you merely don't see it because you don't want to and it would harm your point if you did.  

You want them to mollycoddle you and I am pointing out it is not what real companies do and it is also not a concern to them whether you are informed or not about their day to day activities.  

They are working on the important part of their business and not pandering to babies.  

It is like buying Apple shares and expecting Tim Cook to update you on what is happening behind the scenes everyday.  That is not going to happen.

If you believe in the project you hold, if not you sell.  

It's pretty simple - complaining because they don't provide daily updates is just unrealistic.
hero member
Activity: 722
Merit: 500
I would have sold on principle.

Given this threads title, I'm surprised you bought in at all.
legendary
Activity: 1442
Merit: 1000
Antifragile
Well, now I'm kinda annoyed that I sold my FCT, but I'm not gonna buy them back. Tongue I sold because the Factom team never talks to me or lets me know what they're really doing, even though I'm one of the Community Leaders. I don't know if M2 is next week or next year, or really anything about who they're talking to in China, and that's not only scary but annoying.

Even if I miss out on bigger rallies and my wins are relatively smaller, I'll be correct more often if I am knowledgeable and informed, which plenty of other development teams are willing to do--at least for me. It's almost an issue of respect. I'm definitely happy with all the gains I made up until now, though!

I too sold my Factom, but you can be sure, I would have sold it once I saw they are working with the Department of Homeland Security.
Maybe they can shut down sports streaming sites together? lol
I would have sold on principle.
legendary
Activity: 1268
Merit: 1006
Really, it's not retarded to suggest that I sold my Factoids because I was LONELY, and that other developers offered me dinner dates and blowjobs? Yes it is. Just listen to that idea.

Lol what is retarded is concrete thinking.  It is one of the signs of a psychotic disorder.  Sorry I assumed you could understand nuance and metaphor.

Metaphors are great explanatory tools when the comparison they make is correct. Yours, however, did not address my argument. I stated that I want to have information, and you countered that I shouldn't need someone to talk to so badly. Then you suggested that I have a problem for drinking when I'm lonely, even though that's what people commonly do all over the Western world on weekends to meet people in bars, pubs, etc.

I think maybe you use nuance and metaphor too often, interpreting feelings and emotions that don't exist. I have no grudge against or ill will towards the Factom team. I got them lots of major news coverage, I presented them to the Vancouver community and my government contacts, then I earned a nice amount of Factoids. But their standards of communication are no longer tenable for someone with my limited amount of capital to invest.

They don't OWE it to me to tell me what they're up to, but since other cryptocurrency devs tell me what they're up to--and probably you, if you ask--they do HAVE to tell me what they're up to IF they want me to keep my Factoids. Since I have nowhere near as many Factoids as forum users like whiteorg72, they decided informing me was not worth their time. It's a difference of opinion and I'm comfortable with stating it and then going away from this thread forever if that bothers people.
legendary
Activity: 952
Merit: 1000
Really, it's not retarded to suggest that I sold my Factoids because I was LONELY, and that other developers offered me dinner dates and blowjobs? Yes it is. Just listen to that idea.

Lol what is retarded is concrete thinking.  It is one of the signs of a psychotic disorder.  Sorry I assumed you could understand nuance and metaphor.
legendary
Activity: 1268
Merit: 1006
Um, that's a retarded analogy.

No it's retarded to think any different.  It is the way most companies work.  They don't go around announcing deals before they are made and they don't spoon feed people who are stock holders with daily updates.  Owning Factoids is not even the same as owning stock.  They owe you nothing.

Really, it's not retarded to suggest that I sold my Factoids because I was LONELY, and that other developers offered me dinner dates and blowjobs? Yes it is. Just listen to that idea.
full member
Activity: 150
Merit: 100
Well, now I'm kinda annoyed that I sold my FCT, but I'm not gonna buy them back. Tongue I sold because the Factom team never talks to me or lets me know what they're really doing, even though I'm one of the Community Leaders. I don't know if M2 is next week or next year, or really anything about who they're talking to in China, and that's not only scary but annoying.

Even if I miss out on bigger rallies and my wins are relatively smaller, I'll be correct more often if I am knowledgeable and informed, which plenty of other development teams are willing to do--at least for me. It's almost an issue of respect. I'm definitely happy with all the gains I made up until now, though!

If you want someone to talk to you visit family, friends or hire a counsellor.  I don't understand people complaining about Factom not being their friend, lover and holding their hand.  It is a crypto/blockchain company not a friend for hire or an escort service.

Um, that's a retarded analogy. I don't want to talk to Factom because I'm LONELY. I go drinking for that. I want to talk so I can be informed. Otherwise, how can I make wise investment decisions? The other coins I'm invested in have given me detailed knowledge of who they're talking to, partnering with, and how far along they are in the development process.

This will bother you less if you already have lots of money. In a very wealthy person's case, you can afford to bury a paper wallet and go long for a decade. I, however, have financial obligations and a small enough sum of capital that I'm required to constantly move money around to stay in the green, a strategy that was severely limited by holding something like FCT that I'll never be able to understand the timing and schedule of.

+++++
legendary
Activity: 952
Merit: 1000
Um, that's a retarded analogy.

No it's retarded to think any different.  It is the way most companies work.  They don't go around announcing deals before they are made and they don't spoon feed people who are stock holders with daily updates.  Owning Factoids is not even the same as owning stock.  They owe you nothing.

Quote
I don't want to talk to Factom because I'm LONELY. I go drinking for that.

Then you have more serious problems to worry about then news about Factom.
legendary
Activity: 1268
Merit: 1006
Well, now I'm kinda annoyed that I sold my FCT, but I'm not gonna buy them back. Tongue I sold because the Factom team never talks to me or lets me know what they're really doing, even though I'm one of the Community Leaders. I don't know if M2 is next week or next year, or really anything about who they're talking to in China, and that's not only scary but annoying.

Even if I miss out on bigger rallies and my wins are relatively smaller, I'll be correct more often if I am knowledgeable and informed, which plenty of other development teams are willing to do--at least for me. It's almost an issue of respect. I'm definitely happy with all the gains I made up until now, though!

If you want someone to talk to you visit family, friends or hire a counsellor.  I don't understand people complaining about Factom not being their friend, lover and holding their hand.  It is a crypto/blockchain company not a friend for hire or an escort service.

Um, that's a retarded analogy. I don't want to talk to Factom because I'm LONELY. I go drinking for that. I want to talk so I can be informed. Otherwise, how can I make wise investment decisions? The other coins I'm invested in have given me detailed knowledge of who they're talking to, partnering with, and how far along they are in the development process.

This will bother you less if you already have lots of money. In a very wealthy person's case, you can afford to bury a paper wallet and go long for a decade. I, however, have financial obligations and a small enough sum of capital that I'm required to constantly move money around to stay in the green, a strategy that was severely limited by holding something like FCT that I'll never be able to understand the timing and schedule of.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
The market reacted immediately! Right now!
POLO - FCT +60% (0,00217 FCT/BTC)

Great news! But it seems it s going down again.
sr. member
Activity: 350
Merit: 250
Factom featured on WhiteCase whitepaper: beyond bitcoin: the blockchain revolution in financial services.
http://www.whitecase.com/publications/insight/beyond-bitcoin-blockchain-revolution-financial-services
https://twitter.com/factomproject
hero member
Activity: 672
Merit: 500
Well, now I'm kinda annoyed that I sold my FCT, but I'm not gonna buy them back. Tongue I sold because the Factom team never talks to me or lets me know what they're really doing, even though I'm one of the Community Leaders. I don't know if M2 is next week or next year, or really anything about who they're talking to in China, and that's not only scary but annoying.

Even if I miss out on bigger rallies and my wins are relatively smaller, I'll be correct more often if I am knowledgeable and informed, which plenty of other development teams are willing to do--at least for me. It's almost an issue of respect. I'm definitely happy with all the gains I made up until now, though!

If you want someone to talk to you visit family, friends or hire a counsellor.  I don't understand people complaining about Factom not being their friend, lover and holding their hand.  It is a crypto/blockchain company not a friend for hire or an escort service.

+1 they are keeping things very clean and professional. I like it. 
legendary
Activity: 952
Merit: 1000
Well, now I'm kinda annoyed that I sold my FCT, but I'm not gonna buy them back. Tongue I sold because the Factom team never talks to me or lets me know what they're really doing, even though I'm one of the Community Leaders. I don't know if M2 is next week or next year, or really anything about who they're talking to in China, and that's not only scary but annoying.

Even if I miss out on bigger rallies and my wins are relatively smaller, I'll be correct more often if I am knowledgeable and informed, which plenty of other development teams are willing to do--at least for me. It's almost an issue of respect. I'm definitely happy with all the gains I made up until now, though!

If you want someone to talk to you visit family, friends or hire a counsellor.  I don't understand people complaining about Factom not being their friend, lover and holding their hand.  It is a crypto/blockchain company not a friend for hire or an escort service.
legendary
Activity: 1268
Merit: 1006
Well, now I'm kinda annoyed that I sold my FCT, but I'm not gonna buy them back. Tongue I sold because the Factom team never talks to me or lets me know what they're really doing, even though I'm one of the Community Leaders. I don't know if M2 is next week or next year, or really anything about who they're talking to in China, and that's not only scary but annoying.

Even if I miss out on bigger rallies and my wins are relatively smaller, I'll be correct more often if I am knowledgeable and informed, which plenty of other development teams are willing to do--at least for me. It's almost an issue of respect. I'm definitely happy with all the gains I made up until now, though!
legendary
Activity: 1960
Merit: 1128
If Bitcoin would drop now - Factom would explode.
sr. member
Activity: 350
Merit: 250
The market reacted immediately! Right now!
POLO - FCT +60% (0,00217 FCT/BTC)
legendary
Activity: 1960
Merit: 1128
Holy crap this is big!!

DHS S&T Awards $199K to Austin Based Factom Inc. for Internet of Things Systems Security

https://www.dhs.gov/science-and-technology/news/2016/06/17/st-awards-199k-austin-based-factom-inc-iot-systems-security

This is huge.  A USA government agency funding a cryptocurrency?  As a former VC, I can tell you that this will make Factom's series A financing round go MUCH smoother.

Outstanding work Team Factom!

Absolutely agree. It shows that there is a lot going on behind the curtain and it's kind of a proof how professional the team is and in which direction this could go.


Another article about it:

Dept of Homeland Security Awards $200K to Factom for ID System
https://news.bitcoin.com/dhs-awards-200k-factom/
hero member
Activity: 854
Merit: 1000
Holy crap this is big!!

DHS S&T Awards $199K to Austin Based Factom Inc. for Internet of Things Systems Security

https://www.dhs.gov/science-and-technology/news/2016/06/17/st-awards-199k-austin-based-factom-inc-iot-systems-security

This is huge.  A USA government agency funding a cryptocurrency?  As a former VC, I can tell you that this will make Factom's series A financing round go MUCH smoother.

Outstanding work Team Factom!
legendary
Activity: 1960
Merit: 1128
That is one of many reasons why I like Factom so much - even in quiet times it's possible that there come out great news without a warning before. 

P.S.: And that's also the reason why I never really want to sell. Selling can be a high risk in Factom. ;-)
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