To tell u the truth, that s my feeling exactly, that the team does not give a shit about Factom community. They needed us during the fund gathering phase but now final consumers are what they care about.
Yes, I d gladly sell now but the demand s so weak I dont want to crash the price and lose money. So I have to find another way.
You are funny. Everybody who bought into the ICO is more than just safe in the profit zone. Calculate it! Some weeks ago I was critical about the wallet because it didn't work for me and some others but now it's all fine. To say they don't give a shit is simply not true. They just don't do babysitting.
The last update was this:
That's 10 days ago.
What do you expect? That they post their diaries?
And, don't take it personal, but it seems as if you want them to work, so you can be happy about a rising price, while you didn't do your homework very well. Just look above, your theory about the price. I understand that Factom can be confusing for those who are new to it, but those who are invested since some time should know that stuff.
And do they work? Today is Sunday, but obviously yes:
factomd
Milestone2 work
Updated 20 minutes ago
https://github.com/FactomProject/What do I expect? I expect them to follow fucking deadlines. The deadline for M2 was Q1, that was 35 days ago. All we ve got since then is "just around the corner". The only reason why I ve got into Factom is cause the team sold me the story about honesty, hard work, innovations and dedication. For now, I see only empty promises and that stuff I ve seen with almost any other coin including Josh Homero Garza and his Paycoin. So pls, spare me just around the corner stuff and let me know when we re going to see M2.
Nothing personal but compared to Ether and the amount of work and project produced by their team, Factom s kindergarten. And yes, I am a competitive person, I like to see my own team wins.
I can't let you know when M2 will be released because I don't know it. I'm not from Factom. I believe they can't predict that safely themselves. They do testing and they won't release it until it's totally stable. And everybody should want exactly that: That they do it as perfect as it can be. Factom is already used (or tested, not sure) by some bigger companies. They can't rush things out because some would like to see a pump in price or because of comparisons with Ethereum.
Btw: Ethereum was announced 1 year before Factom! At the same time Factom is most likely earlier at a stage that it really can (and will) be used.
And to say you would just see empty promises like it was known from Mr. Garza and XPY. Sorry, but that is a 12 on a Ignorance-scale from 1-10.
Factom is the total opposite to those kind of projects. And they already have delivered a lot. I don't know of any project with that much progress on all fronts. They are constantly working on the tech, they are constantly working on the business-side and I don't see any reason to complain about the price.
And just btw: Last year, after Factom got my attention because they hit Polo, there were also some complaining. The price even went down below ICO-price and the volume was below 5 Bitcoin for a lot of days. I bought at any price, because I figured one thing: Factom never got the attention out of the crypto-community it deserved. The ICO can hardly be called successful. But exactly that was and is a big opportunity. Why? Because the ICO was also the decision about total supply and marketcap. It was totally undervalued.
How is the market-situation now? On a higher level but the same regarding the principle. The total supply was traded multiple times at the current price range (subtract the last pump which had nothing to do with development, just hyping/manipulation). The rising Bitcoin-price is pressure on all others but it's not safe that Bitcoin won't come under pressure itself. Some big ICO-projects (like Lisk) could cash out. The Blocksize-problem is still not solved. Maybe another Satoshi will confuse us all... That's why I stay in Factom. And I believe: It won't need much and it will shoot up. Maybe this month, maybe next month, maybe in October. I'm happy if it's stable where it is. The rest is patience.
And: If the Bitcoin-price should explode because of the halving, ETH will come under pressure. ETH could come under pressure because of the DAO-ICO as well. The Factoid-price also would suffer because of that and already did. But: Differently to Ethereum a rising Bitcoin would be free PR for Factom, because Factom is seen as connected to Bitcoin while Ethereum is seen as a competitor while it's not really a competitor to Factom. Think about that.
But, just to say that as well: I don't write all this to avoid that you sell. If somebody would like to dump his FCT's it wouldn't change one bit, just the distribution.
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