[ANN] FACTOM - Introducing Honesty to Record-Keeping - page 384.

Mrboot

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Quote from: crazyivan on February 15, 2016, 07:15:08 AM

Quote from: MaGNeT on February 15, 2016, 06:45:46 AM

Quote from: ?? on ??

I am confused. So what happens when factom reaches 0 ?

0 of what?

Sheep? Eggs? Beers?

I think he asks what if all Factoids get destroyed. This is not gonna happen my friend.

No cause there will be a inflation , that will that will be the same as the price of the "income" so actually the coins stay 8.75 mil.

I hope to soon hear something from the Dev teams , been quit last few days compared to weeks before. Price looks stable
and even soon to pop to 400k sat. People are accumulating a lot coins around this value

crazyivan

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Quote from: MaGNeT on February 15, 2016, 06:45:46 AM

Quote from: ?? on ??

I am confused. So what happens when factom reaches 0 ?

0 of what?

Sheep? Eggs? Beers?

I think he asks what if all Factoids get destroyed. This is not gonna happen my friend.

MaGNeT

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Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: ?? on ??

I am confused. So what happens when factom reaches 0 ?

0 of what?

Sheep? Eggs? Beers?

crazyivan

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Quote from: MaGNeT on February 13, 2016, 06:23:16 PM

Quote from: crazyivan on February 13, 2016, 05:43:17 PM

Quote from: DrPaid on February 13, 2016, 10:22:32 AM

Comparing factom and ETH isn't as clear cut. There are very different motivations and objectives for each. I've followed factom for a while and it's been a long time coming. Let's see where it heads.

It seems it s the only one of these innovative coins which has not been pumped yet. Ether s been, NEM s been, Dash s been, Expanse s been.

That's what I like about it.
Heard Paul Snow in an interview, he only tells about the project and their goals.

Nobody trying to pump it, just bringing the news when there is news or another milestone.

I fully agree. I ll always take slow gradual growth over pump and dump. Sustainability s the key and it s so rare in crypto.

MaGNeT

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Quote from: crazyivan on February 13, 2016, 05:43:17 PM

Quote from: DrPaid on February 13, 2016, 10:22:32 AM

Comparing factom and ETH isn't as clear cut. There are very different motivations and objectives for each. I've followed factom for a while and it's been a long time coming. Let's see where it heads.

It seems it s the only one of these innovative coins which has not been pumped yet. Ether s been, NEM s been, Dash s been, Expanse s been.

That's what I like about it.
Heard Paul Snow in an interview, he only tells about the project and their goals.

Nobody trying to pump it, just bringing the news when there is news or another milestone.

crazyivan

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Quote from: DrPaid on February 13, 2016, 10:22:32 AM

Comparing factom and ETH isn't as clear cut. There are very different motivations and objectives for each. I've followed factom for a while and it's been a long time coming. Let's see where it heads.

It seems it s the only one of these innovative coins which has not been pumped yet. Ether s been, NEM s been, Dash s been, Expanse s been.

DrPaid

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Comparing factom and ETH isn't as clear cut. There are very different motivations and objectives for each. I've followed factom for a while and it's been a long time coming. Let's see where it heads.

whiteorg72

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Quote from: tempus on February 13, 2016, 08:29:22 AM

Quote from: crazyivan on February 13, 2016, 08:11:55 AM

Quote from: tempus on February 13, 2016, 12:10:44 AM

Quote from: ?? on ??

Quote from: tempus on February 12, 2016, 10:56:32 PM

Quote from: whiteorg72 on February 12, 2016, 09:49:24 PM

Today put the record! Less than 6 hours removed from the system 205 factoids.
Someone started to use the project.

Total Factoids: 8753502 (today)

Yes, I recognized that, too! It's a good sign.

Where do you see this? I still see on coinmarketcap - 8,753,712?

If you click on the Blocks of the Block Explorer you can see the current FCT-supply.

Block 23520:
http://explorer.factom.org/dblock/3d9f28cf18285eefc2649064da2810f79105526764572b9368cdc7fdd07560e9

Total Factoids: 8753702.76277008

Block: 23521:
http://explorer.factom.org/dblock/9a800d192c11243ec7db333746cde0187dfd3d9373b36f77b613b46d5386ebe8

Total Factoids: 8753502.73186408

200 or 500 factoids on almost 9 million s nothing. It does show the system works but in terms of supply reduction, it s nothing. Let us hope this speeds up soon.

I agree, but it shows a very good tendency. Factom is on the right direction and if you compare it to some other projects, Ethereum for example: At the moment it needs > 1000 BTC just to catch the new created ETH at the current price - per day! In Factom, until Milestone 3, it's the opposite. Plus: Factom can already be used. Plus: If it all goes well we will see a network-effect. What I mean with that is: Those who will use the system won't simply change their minds and abandon it, because they build their history in Factom (a little bit like the Facebook-Effect). And even more important: The more the system works for a few the more it will get the attention of others. That's why iSoftStone is underrated in my eyes. It's just a memorandum of understanding and it will need some time until we will see real results, but it clearly shows the potential. Big companies (iSoftstone is really big!) are obviously interested.

And, it's possible to view that dynamic because it's transparent. I don't know of any project with such a potential.

MR. Tempus very rightly said about the great potential Factom project, is very accessible for many of those who still does not see this great potential. This year we will see the grandiose accomplishments of my most beloved Factom project

tempus

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Quote from: crazyivan on February 13, 2016, 08:11:55 AM

Quote from: tempus on February 13, 2016, 12:10:44 AM

Quote from: ?? on ??

Quote from: tempus on February 12, 2016, 10:56:32 PM

Quote from: whiteorg72 on February 12, 2016, 09:49:24 PM

Today put the record! Less than 6 hours removed from the system 205 factoids.
Someone started to use the project.

Total Factoids: 8753502 (today)

Yes, I recognized that, too! It's a good sign.

Where do you see this? I still see on coinmarketcap - 8,753,712?

If you click on the Blocks of the Block Explorer you can see the current FCT-supply.

Block 23520:
http://explorer.factom.org/dblock/3d9f28cf18285eefc2649064da2810f79105526764572b9368cdc7fdd07560e9

Total Factoids: 8753702.76277008

Block: 23521:
http://explorer.factom.org/dblock/9a800d192c11243ec7db333746cde0187dfd3d9373b36f77b613b46d5386ebe8

Total Factoids: 8753502.73186408

200 or 500 factoids on almost 9 million s nothing. It does show the system works but in terms of supply reduction, it s nothing. Let us hope this speeds up soon.

I agree, but it shows a very good tendency. Factom is on the right direction and if you compare it to some other projects, Ethereum for example: At the moment it needs > 1000 BTC just to catch the new created ETH at the current price - per day! In Factom, until Milestone 3, it's the opposite. Plus: Factom can already be used. Plus: If it all goes well we will see a network-effect. What I mean with that is: Those who will use the system won't simply change their minds and abandon it, because they build their history in Factom (a little bit like the Facebook-Effect). And even more important: The more the system works for a few the more it will get the attention of others. That's why iSoftStone is underrated in my eyes. It's just a memorandum of understanding and it will need some time until we will see real results, but it clearly shows the potential. Big companies (iSoftstone is really big!) are obviously interested.

And, it's possible to view that dynamic because it's transparent. I don't know of any project with such a potential.

crazyivan

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Quote from: tempus on February 13, 2016, 12:10:44 AM

Quote from: ?? on ??

Quote from: tempus on February 12, 2016, 10:56:32 PM

Quote from: whiteorg72 on February 12, 2016, 09:49:24 PM

Today put the record! Less than 6 hours removed from the system 205 factoids.
Someone started to use the project.

Total Factoids: 8753502 (today)

Yes, I recognized that, too! It's a good sign.

Where do you see this? I still see on coinmarketcap - 8,753,712?

If you click on the Blocks of the Block Explorer you can see the current FCT-supply.

Block 23520:
http://explorer.factom.org/dblock/3d9f28cf18285eefc2649064da2810f79105526764572b9368cdc7fdd07560e9

Total Factoids: 8753702.76277008

Block: 23521:
http://explorer.factom.org/dblock/9a800d192c11243ec7db333746cde0187dfd3d9373b36f77b613b46d5386ebe8

Total Factoids: 8753502.73186408

200 or 500 factoids on almost 9 million s nothing. It does show the system works but in terms of supply reduction, it s nothing. Let us hope this speeds up soon.

whiteorg72

sr. member

Activity: 350

Merit: 250

Laurence Tiana from Factomproject is a panelist on "can the Blockchain survive without Bitcoin?" / Silicon Valley, CA - February 18, 2016 /
https://www.baypayforum.com/021816

whiteorg72

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Activity: 350

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Liberty Entepreneurs ‏speak with Paul Snow, CEO and Chief architect of Factomproject about digital identities.
http://libertyentrepreneurs.com/2016/02/le19-paul-snow-proving-digital-identities/

tempus

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Activity: 1960

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Quote from: ?? on ??

Quote from: tempus on February 12, 2016, 10:56:32 PM

Quote from: whiteorg72 on February 12, 2016, 09:49:24 PM

Today put the record! Less than 6 hours removed from the system 205 factoids.
Someone started to use the project.

Total Factoids: 8753502 (today)

Yes, I recognized that, too! It's a good sign.

Where do you see this? I still see on coinmarketcap - 8,753,712?

If you click on the Blocks of the Block Explorer you can see the current FCT-supply.

Block 23520:
http://explorer.factom.org/dblock/3d9f28cf18285eefc2649064da2810f79105526764572b9368cdc7fdd07560e9

Total Factoids: 8753702.76277008

Block: 23521:
http://explorer.factom.org/dblock/9a800d192c11243ec7db333746cde0187dfd3d9373b36f77b613b46d5386ebe8

Total Factoids: 8753502.73186408

whiteorg72

sr. member

Activity: 350

Merit: 250

Quote from: ?? on ??

Quote from: tempus on February 12, 2016, 10:56:32 PM

Quote from: whiteorg72 on February 12, 2016, 09:49:24 PM

Today put the record! Less than 6 hours removed from the system 205 factoids.
Someone started to use the project.

Total Factoids: 8753502 (today)

Yes, I recognized that, too! It's a good sign.

Where do you see this? I still see on coinmarketcap - 8,753,712?

Coinmarketcap does not have time to update the total amount factoids, I already informed them that they change the total amount factoids at.

See this, example - http://explorer.factom.org/dblock/4ca6777cdc6be7e22a5b4dc7fa840d57c64954e308a50d8cc56a75087a9a7505

Just open the Factom Explorer and click on the last block, and it will opened detailed information including the exact amount of the remaining factoids.

whiteorg72

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Merit: 250

What a pleasure to watch as it is now by the every hour quickly factoids go out of system, it can say that soon we will see the launch of Milestone2.

tempus

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Activity: 1960

Merit: 1128

Quote from: whiteorg72 on February 12, 2016, 09:49:24 PM

Today put the record! Less than 6 hours removed from the system 205 factoids.
Someone started to use the project.

Total Factoids: 8753502 (today)

Yes, I recognized that, too! It's a good sign.

whiteorg72

sr. member

Activity: 350

Merit: 250

Today put the record! Less than 6 hours removed from the system 205 factoids.
Someone started to use the project.

Total Factoids: 8753502 (today)

tempus

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Activity: 1960

Merit: 1128

Quote from: crazyivan on February 12, 2016, 03:34:22 AM

Quote from: whiteorg72 on February 12, 2016, 12:27:04 AM

I can not understand, why no one pays attention on Factom on exchanges? All coins (Ethereum, Expanse, MaidSafeCoin, Bitshares, Siacoin) are now quickly climb up. FCT does not want to go up. We have a lot of time standing in one place, even China does not want to up trade FCT, trading volumes fell. It is a pity that so far no one wants FCT Cry

In general, if you want to know the Factom developer is not profitable to coin was expensive, they have already said before, on the contrary it is better if the FCT will be cheap, since it will be more convenient and profitable for the project. Unlike Ethereum developers that help and put their money in the manipulation and movement of the value of their coins, the Factom developers of does not want to influence the course of the FCT that I think is bad for the promotion of the project, if the FCT will be stable such as example 1 or 2 dollars, then on the exchanges it is simply unnecessary to anyone, since it would be impossible to make will not be no interest to the FCT.

The Factom developers do not want someone manipulated the course of the FCT and not to those who want to put their money on the IPO and through which they were able to run your project, so that these people were able to earn in the future on a FCT rate volatility. They are only interested in their own profit, so from the beginning created the Entry Credits (EC) and FCT coins were only required to raise money for the IPO. It is my personal opinion, but I believe that this is indeed so.

Even if the this project is super great, but developers will not support course FCT coin, the expensive cost of this coin will not. I think much of this is worth considering.

Just look for example, if Vitalik Buterin team at Ethereum not have supported the course of their coins, Ethereum could not rise so high.

Etherum rise is a clear pump, nothing else. Which means it ll be dumped. One of clear advantages of ether is that it is still mineable which means there s larger base of small users who are fueling this pump. Also, this PoS ability they plan to introduce later during the years helps out a bit. Still, I think both Ether and Factom can coexist cause they target different markets. Just be patient, it might take a few years but Factom will get where it should be.

I'm not that sure that their PoS-Solution will be helpful. I don't know of any project that was successful with PoS. The ETH-system will be modified but it will be still PoS. And in longterm I don't know of any scenario that PoS would not lead into economically centralization which would lead into a weakening of the system as a whole.

This is an interesting analyzation. I'm not sure that it's totally correct and the guy who wrote it is from Bitshares so we can assume he is kind of biased, but he could be right:

http://bytemaster.github.io/2015/08/08/Review-of-Casper-Ethereums-proposed-Proof-of-Stake-Algorithm/

tempus

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LE19: Paul Snow – Proving Digital Identities with FACTOM

http://libertyentrepreneurs.com/2016/02/le19-paul-snow-proving-digital-identities/

Mrboot

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Quote from: whiteorg72 on February 12, 2016, 04:10:59 AM

"Lol to $100 a coin let be serieus , not going to happen soon maybe 5 is a good start."

I just gave an example $100, for comparison. Of course, $100 maybe we can see only at the end of 2017.

It might be cause if i get Fct right the price each factom will be the same as the datacost a month / 73000 coins a month

So if 10 mill cost is made on data a month the coin price should be around approx. 137 dollar a coin but for that to happen
a lot of usage need to be comming.

But we see already a slow growth in ebtry's

Ofc it takes a while to get to the same lvl , but eventually they will level out

Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 384. (Read 2115876 times)