Author

Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 360. (Read 2115876 times)

legendary
Activity: 1960
Merit: 1128
Here is the World Bank paper and the presentation:


"IMMUTABILITY & AUDITABILITY: THE CRITICAL ELEMENTS IN PROPERTY RIGHTS REGISTRIES"
https://www.conftool.com/landandpoverty2016/index.php/Regan-411-411_paper.pdf?page=downloadPaper&filename=Regan-411-411_paper.pdf&form_id=411&form_version=final


https://www.conftool.com/landandpoverty2016/index.php/Regan-411-411_ppt.pdf?page=downloadPaper&filename=Regan-411-411_ppt.pdf&form_id=411&form_index=2&form_version=final

Abstract:

Epigraph is a blockchain backed property rights management system. Purpose­-built to be a government­-grade system of record for property rights that is (i) trustworthy/secure (ii) auditable and (iii) ubiquitously accessible. Especially relevant to developing countries that lack a sociopolitical foundation of tradition and trust.

Epigraph has identified a recipe of technology assets and methodologies that utilizes blockchain technology to offer an original yet pragmatic solution to an old and chronic problem. A land and property administration registry built using a blockchain backbone creates immutable operational and financial processes, which can secure trillions of dollars in assets; resulting in an enormous social, economic and political impact globally by fulfilling the need for transparency and accountability.

Wow, that's awesome!


Edit: I like this part:

"Unlike these traditional software implementations, which are backed by a purely centralized data store, Epigraph’s platform records its data using Factom, an open source, decentralized ledger secured by the Bitcoin blockchain. Factom’s immutable ledger allows Epigraph to write property registry information, which once written, cannot be erased. Guaranteed immutability opens the door to a software architecture that enables and ensure auditability, as data that cannot be modified can safely be made accessible without the risk of illicit changes. Epigraph then delivers this solution via a mobile­friendly, SaaS (Software as a Service) architecture, eliminating the costly capital expenditures typically required to launch and operate a property registry, while putting the application quite literally in the hands of those who need it. Game changed."
full member
Activity: 144
Merit: 100
Here is the World Bank paper and the presentation:


"IMMUTABILITY & AUDITABILITY: THE CRITICAL ELEMENTS IN PROPERTY RIGHTS REGISTRIES"
https://www.conftool.com/landandpoverty2016/index.php/Regan-411-411_paper.pdf?page=downloadPaper&filename=Regan-411-411_paper.pdf&form_id=411&form_version=final


https://www.conftool.com/landandpoverty2016/index.php/Regan-411-411_ppt.pdf?page=downloadPaper&filename=Regan-411-411_ppt.pdf&form_id=411&form_index=2&form_version=final

Abstract:

Epigraph is a blockchain backed property rights management system. Purpose­-built to be a government­-grade system of record for property rights that is (i) trustworthy/secure (ii) auditable and (iii) ubiquitously accessible. Especially relevant to developing countries that lack a sociopolitical foundation of tradition and trust.

Epigraph has identified a recipe of technology assets and methodologies that utilizes blockchain technology to offer an original yet pragmatic solution to an old and chronic problem. A land and property administration registry built using a blockchain backbone creates immutable operational and financial processes, which can secure trillions of dollars in assets; resulting in an enormous social, economic and political impact globally by fulfilling the need for transparency and accountability.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
Quote
Yes, exactly. This is why I hate Polo for letting bots artificially inflate coin prices. But I guess that s industry too, Polo makes money on trade fees so they greet speculators with open arms. The rest of us can follow the wave as I do or gather Factom like hamsters and wait for the next pump.

If you dont like speculation then perhaps you should not buy any asset - crypto or another - and check the price every day, but just buy it and go away for at least a year.

speculation is what thrives the market. A really good speculator has a much more sober view at the true value of an asset than the average joe and is immune to hype, Fud or Fomo. Those are the guys that invest in Apple or Microsoft Shares when nobody else knows what a Home PC is. And FCT, as any other coin, profits from a 500% bubble -even if it deflates later on- much more than if it stays in the lows for months. We can be happy that we had a strong one and look forward to the next one. It shows the interest of the market. There is no linear growth.


I disagree big time. 99% of speculators couldn't care less about Factom or any other coin and its features. All they care about is buy low and sell high, regardless of whether they disrupt the market, create FUD, distort prices or even scare away half of the holders. They just care about one thing and one thing alone, MAKE MORE BTC. Not Factom but BTC. This means they will intentionally stage pumps and dumps to serve their own interests. This pumps and dumps usually end with noobs and new entrants in Factom market losing a lot of money due to artificial volatility created by these speculators. Once these new entrants lose money, they leave Factom market and never come back.

So how is this artificial volatility good for Factom or any other coin? Pls explain it to me, maybe I have missed something along the way. If we take BTC as an example, any serious financial portfolio manager will advice serious investors to stay away from these volatile markets cause they can lose everything in a day. So, until BTC becomes more stable, it ll never be considered as serious asset by the Wall Street and City guys. Why would it be any different with Factom?

There s big difference between growth induced by innovations and overall progress and speculation induced growth.
legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
Somehow, it seems Mircosoft is adding every interested and serious coin to their Azure platform at the moment.
It decreases the value of Factom on Azure platform in my point of view.

Microsoft Adds 5 New Blockchain Partners to Azure.

"...Other new additions to its blockchain testbed, announced in October, include custom blockchain development platform Lisk; digital asset platform BitShares; and alternative blockchain Syscoin. BitPay, Eris Industries and Factom are among a number of previously announced partners..."

http://www.coindesk.com/microsoft-5-blockchain-partners-azure/

I don't think it decreases the value of Factom.
It shows that Microsoft thinks BaaS is the way to go, the future.

More shops in the same street is good for business.

They are all different projects with a different approach.

Factom does 1 thing and it does it very well and in an efficient way.
You can do it on other projects but not this cost effective.
tyz
legendary
Activity: 3360
Merit: 1533
Somehow, it seems Mircosoft is adding every interested and serious coin to their Azure platform at the moment.
It decreases the value of Factom on Azure platform in my point of view.

Microsoft Adds 5 New Blockchain Partners to Azure.

"...Other new additions to its blockchain testbed, announced in October, include custom blockchain development platform Lisk; digital asset platform BitShares; and alternative blockchain Syscoin. BitPay, Eris Industries and Factom are among a number of previously announced partners..."

http://www.coindesk.com/microsoft-5-blockchain-partners-azure/
legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
Land and Poverty Conference 2016: Scaling up Responsible Land Governance.
March 14-18, 2016 . Washington, DC
http://www.worldbank.org/en/events/2015/07/20/land-and-poverty-conference-2016-scaling-up-responsible-land-governance
https://twitter.com/hashtag/LandConf2016?src=hash
https://twitter.com/factomproject

At the WorldBank LandConf2016. Day 2. Honduras on stage.



This is great marketing for Factom!

Funny thing is, there may be a Honduras deal after all Wink
sr. member
Activity: 350
Merit: 250
Land and Poverty Conference 2016: Scaling up Responsible Land Governance.
March 14-18, 2016 . Washington, DC
http://www.worldbank.org/en/events/2015/07/20/land-and-poverty-conference-2016-scaling-up-responsible-land-governance
https://twitter.com/hashtag/LandConf2016?src=hash
https://twitter.com/factomproject

At the WorldBank LandConf2016. Day 2. Honduras on stage.

sr. member
Activity: 350
Merit: 250
Microsoft Adds 5 New Blockchain Partners to Azure.

"...Other new additions to its blockchain testbed, announced in October, include custom blockchain development platform Lisk; digital asset platform BitShares; and alternative blockchain Syscoin. BitPay, Eris Industries and Factom are among a number of previously announced partners..."

http://www.coindesk.com/microsoft-5-blockchain-partners-azure/
legendary
Activity: 924
Merit: 1000
I bought a lot fct also just today at 500k satoshi, eventually i dont wanna miss the train like many did with ethereum, thinking to invest 1 btc every month at least into factom.

Eventually the usage will determine the value not the speculators, 73k coins will be equil to the usage.

That's a durn good idea! Using FCT buys as a monthly savings plan "with a kicker" also harnesses dollar-cost-averaging to your benefit. The lower it goes, the more FCT you buy; the higher it goes, the more unrealized profit you bank.

We Factomeers have that luxury because Factom is a real project that's already cut deals. It's a genuine start-up.
legendary
Activity: 924
Merit: 1000
When Milestone2 will be finished and will then move up (jump) price FCT, as people see actual finished work above second stage Factom.
There will also jump prices FCT be when is completed Milestone3 and the Factom will be fully operational project.
Unfortunately, we need to wait at least another six months, when we will see the Factom project in full force.

Thats perfect we got like 6 months to stack up coins that will have a end value of approx 270 dollar my estimation though Wink

My two latest buys exactly. Wink

It's nice to have a holding period of years. You have the luxury of seeing a slamdown (like the recent one) as a buying opportunity. If FCT reaches the price we hope, there'll be a lot of giggles over these jumps & bumps. Smiley
newbie
Activity: 29
Merit: 0
Quote
Yes, exactly. This is why I hate Polo for letting bots artificially inflate coin prices. But I guess that s industry too, Polo makes money on trade fees so they greet speculators with open arms. The rest of us can follow the wave as I do or gather Factom like hamsters and wait for the next pump.

If you dont like speculation then perhaps you should not buy any asset - crypto or another - and check the price every day, but just buy it and go away for at least a year.

speculation is what thrives the market. A really good speculator has a much more sober view at the true value of an asset than the average joe and is immune to hype, Fud or Fomo. Those are the guys that invest in Apple or Microsoft Shares when nobody else knows what a Home PC is. And FCT, as any other coin, profits from a 500% bubble -even if it deflates later on- much more than if it stays in the lows for months. We can be happy that we had a strong one and look forward to the next one. It shows the interest of the market. There is no linear growth.
legendary
Activity: 1246
Merit: 1000
ARK Team likes to ban and delete posts in reddit.
thanks for the links @tempus

thats the kind of info that investors need to know. wish the devs would post this on the OP.
legendary
Activity: 1246
Merit: 1000
ARK Team likes to ban and delete posts in reddit.
A simple google search reveals milestone details.

Milestone 2 will have a couple of major components. First will be the deployment of a Entry Credit store, where users can buy Entry Credits (basically access to the protocol) without touching any sort of tradable token. The second will be the release of the consensus algorithm, the software supporting distributed processing of the Factom protocol. We are working to have the first release candidate of the consensus algorithm by the end of the year. We fully expect to release a few release candidates prior to going into production with the consensus algorithm early in 2016.

Milestone 3 is the last milestone. It will release the election protocol, which places the control of the federated servers in the hands of those purchasing Entry Credits. We intend to reach this milestone in the first half of 2016. In addition to implementation, it also relies on having enough diversity of use of the protocol to make the election process meaningful.

https://forum.bitcoin.com/ama-ask-me-anything/i-am-paul-snow-the-architect-of-factom-and-chair-of-the-texas-bitcoin-conference-ask-me-anything-t4026.html

Ok I asked the question yesterday and someone said they werent published.  Seems they would put something such as this on the OP.  thanks for giving me a link.
legendary
Activity: 1960
Merit: 1128
Whats your outlook for fct price ?

I won't make a guess as to the price. cause that's all it would be, is a guess.

longterm, it all depends on how popular Factom becomes and how many business's use it.

I dont think the price is tied to the fabled "milestones" as some of the active posters here think.

The use of Factom is tied to the Milestones. After M2 it will be much easier to use it, to develop on top of it and so on. So, of course the next Milestone is an important step and I'm not sure about the price. You're right that all price-talking is just guessing. But the coming release will have impact on the whole dynamic.  


Where can i read about the milestones?

From the AMA with Paul Snow for example:


Factom released the protocol in September of 2015, running on a few servers that we manage. This was the first milestone, and it allows applications to write their own applications that rely on data secured by the Bitcoin blockchain, and organized by the Factom protocol.

Milestone 2 will have a couple of major components. First will be the deployment of a Entry Credit store, where users can buy Entry Credits (basically access to the protocol) without touching any sort of tradable token. The second will be the release of the consensus algorithm, the software supporting distributed processing of the Factom protocol. We are working to have the first release candidate of the consensus algorithm by the end of the year. We fully expect to release a few release candidates prior to going into production with the consensus algorithm early in 2016.

Milestone 3 is the last milestone. It will release the election protocol, which places the control of the federated servers in the hands of those purchasing Entry Credits. We intend to reach this milestone in the first half of 2016. In addition to implementation, it also relies on having enough diversity of use of the protocol to make the election process meaningful.


https://forum.bitcoin.com/ama-ask-me-anything/i-am-paul-snow-the-architect-of-factom-and-chair-of-the-texas-bitcoin-conference-ask-me-anything-t4026.html


Review of Milestone 1:
http://factom.org/downloads/factomreview.pdf


On Koinify was a good overview but the site is off now.
legendary
Activity: 1246
Merit: 1000
ARK Team likes to ban and delete posts in reddit.
Whats your outlook for fct price ?

I won't make a guess as to the price. cause that's all it would be, is a guess.

longterm, it all depends on how popular Factom becomes and how many business's use it.

I dont think the price is tied to the fabled "milestones" as some of the active posters here think.

The use of Factom is tied to the Milestones. After M2 it will be much easier to use it, to develop on top of it and so on. So, of course the next Milestone is an important step and I'm not sure about the price. You're right that all price-talking is just guessing. But the coming release will have impact on the whole dynamic.  


Where can i read about the milestones?
legendary
Activity: 1204
Merit: 1000
I agree thats why im collecting all kind of coins and dont daytrade, also makes me less stressed and emotional on a 10% drop

Although i hope to hear from the factom team cause they always say you can contact us!

But THEY never reply on a PM or a question in this Forum what annoys me more then any price atm.
legendary
Activity: 1960
Merit: 1128
Whats your outlook for fct price ?

I won't make a guess as to the price. cause that's all it would be, is a guess.

longterm, it all depends on how popular Factom becomes and how many business's use it.

I dont think the price is tied to the fabled "milestones" as some of the active posters here think.

The use of Factom is tied to the Milestones. After M2 it will be much easier to use it, to develop on top of it and so on. So, of course the next Milestone is an important step and I'm not sure about the price. You're right that all price-talking is just guessing. But the coming release will have impact on the whole dynamic.  
legendary
Activity: 1246
Merit: 1000
ARK Team likes to ban and delete posts in reddit.
Whats your outlook for fct price ?

I won't make a guess as to the price. cause that's all it would be, is a guess.

longterm, it all depends on how popular Factom becomes and how many business's use it.

I dont think the price is tied to the fabled "milestones" as some of the active posters here think.
legendary
Activity: 1204
Merit: 1000
Whats your outlook for fct price ?
legendary
Activity: 1246
Merit: 1000
ARK Team likes to ban and delete posts in reddit.
All I see here is price speculation built around delivery of "milestones" that the devs never even published anywhere.

Have fun watching the price fall back to 200.

I will come back in 6 months.

I guess your complete off , most price increase was cause of the signed deals with major company's when they start useing the software then it can really become big.

Can you imagine all the data van Big companys to smart cities ,  I hope it will fall back to 200k though cause then i can collect about 2,5x as much a week.

I'm invested in FCT, just pisses me off seeing nothing other than price speculation and talk of "Milestones" that arent even published.
Jump to: