Fern,
Factom will also be 'anchored' to Ethereum ?
It's just a assumption, or there is an agreement between Factom and Ethereum?
How exactly it said?
p.s. Unfortunately I do not understand spoken English, so I do not get to know this from the spoken interview.
Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 393. (Read 2115876 times)
#SE2E01 Factom with Paul Snow
This is the interview of Paul Snow from Factom. Great interview that covers most aspects of Factom.
https://www.mixcloud.com/dogedradio/se2e01-factom-with-paul-snow/
https://twitter.com/dogedradio/status/690268452704129025
This is the interview of Paul Snow from Factom. Great interview that covers most aspects of Factom.
https://www.mixcloud.com/dogedradio/se2e01-factom-with-paul-snow/
https://twitter.com/dogedradio/status/690268452704129025
Good interview, a few positives were: Factom in negotiations and good news coming, Factom will also be 'anchored' to Ethereum, and Factom has both inflationary and deflationary actions - 73000 FCT's made each month but FCT's also are 'burnt' when Entry Credits are bought to enable data entry. Entry Credits cost approx 1/10 cent. 100000 entries last year only took up 4MB on BTC blockchain so tiny amount even when scaled up big time. Factom can scale enormously, i.e billions of entries per year. Examples are property titles, weather data, medical records, music rights, etc etc. Huge potential basically.
Now the maximum amount - 8753728.56 FCT (-1.44 FCT for 24h).
So in the last 24 hours it has been spent 1.44 FCT
Amount FCT is not fixed, it can be reduced when someone converts factoids in Entry Credits.
But now to the final stage of Milestone3, amount FCT can not be more than it is now there, amount FCT can only decrease.
What do I use these Entry Credits for? - please read this document "Factom Whitepaper", there all is written.
So in the last 24 hours it has been spent 1.44 FCT
Amount FCT is not fixed, it can be reduced when someone converts factoids in Entry Credits.
But now to the final stage of Milestone3, amount FCT can not be more than it is now there, amount FCT can only decrease.
What do I use these Entry Credits for? - please read this document "Factom Whitepaper", there all is written.
Thx a lot, it does sound very interesting. Well, let me get some Factoids.
))
Too bad that no information the dates when the Milestone2 will be completed and Milestone3 will be completed.
I understand that programming a difficult and time-consuming process, but it must also be at least approximate dates end works.
Where are they?
How much time is necessary to wait that the factom were fully ready for work? 1 quarter - 1/2 years - 1 year - 1,5 years or 2 years ?
Does anyone have thoughts on this?
I understand that programming a difficult and time-consuming process, but it must also be at least approximate dates end works.
Where are they?
How much time is necessary to wait that the factom were fully ready for work? 1 quarter - 1/2 years - 1 year - 1,5 years or 2 years ?
Does anyone have thoughts on this?
wonder how market will react to when they find out factom competition radium coin
https://bitcointalksearch.org/topic/m.13654492
market cap 30,000 dollars yet
https://bitcointalksearch.org/topic/m.13654492
market cap 30,000 dollars yet
The market did not react. 30 thousand dollars is a paltry sum.
not out yet, when it is then be interesting. cant see it equalling fct cap without a major brand, but levelling with emercoin possible to level with emer coin price would be near 0.005( 500k sats). lets see
Emercoin will not be in the top 10, as in this coin is nothing new, I do not understand why Emercoin has entered the Microsoft Azure, perhaps mistakenly, as such already DASH coin, the same as Emercoin.
wonder how market will react to when they find out factom competition radium coin
https://bitcointalksearch.org/topic/m.13654492
market cap 30,000 dollars yet
https://bitcointalksearch.org/topic/m.13654492
market cap 30,000 dollars yet
The market did not react. 30 thousand dollars is a paltry sum.
not out yet, when it is then be interesting. cant see it equalling fct cap without a major brand, but levelling with emercoin possible to level with emer coin price would be near 0.005( 500k sats). lets see
taking a look might have legs but i doubt factom would be threatened market cap does seem low
wonder how market will react to when they find out factom competition radium coin
https://bitcointalksearch.org/topic/m.13654492
market cap 30,000 dollars yet
https://bitcointalksearch.org/topic/m.13654492
market cap 30,000 dollars yet
The market did not react. 30 thousand dollars is a paltry sum.
not out yet, when it is then be interesting. cant see it equalling fct cap without a major brand, but levelling with emercoin possible to level with emer coin price would be near 0.005( 500k sats). lets see
The reason Radium is not a competitor is pretty simple: Radium coins let you hash data into the Radium blockchain. Factom lets you hash data into the Bitcoin blockchain. Which one is more secure?
wonder how market will react to when they find out factom competition radium coin
https://bitcointalksearch.org/topic/m.13654492
market cap 30,000 dollars yet
https://bitcointalksearch.org/topic/m.13654492
market cap 30,000 dollars yet
There are just some claims what they would like to be and to do, but it's a simple PoS-Coin and not really a competitor of Factom. There won't be any reaction.
wonder how market will react to when they find out factom competition radium coin
https://bitcointalksearch.org/topic/m.13654492
market cap 30,000 dollars yet
https://bitcointalksearch.org/topic/m.13654492
market cap 30,000 dollars yet
The market did not react. 30 thousand dollars is a paltry sum.
In order to become a competitor, Radium must first get to the Microsoft Azure, I very much doubt that it will be.
Thus Radium is not a competitor.
wonder how market will react to when they find out factom competition radium coin
https://bitcointalksearch.org/topic/m.13654492
market cap 30,000 dollars yet
https://bitcointalksearch.org/topic/m.13654492
market cap 30,000 dollars yet
Now the maximum amount - 8753728.56 FCT (-1.44 FCT for 24h).
So in the last 24 hours it has been spent 1.44 FCT
Amount FCT is not fixed, it can be reduced when someone converts factoids in Entry Credits.
But now to the final stage of Milestone3, amount FCT can not be more than it is now there, amount FCT can only decrease.
What do I use these Entry Credits for? - please read this document "Factom Whitepaper", there all is written.
So in the last 24 hours it has been spent 1.44 FCT
Amount FCT is not fixed, it can be reduced when someone converts factoids in Entry Credits.
But now to the final stage of Milestone3, amount FCT can not be more than it is now there, amount FCT can only decrease.
What do I use these Entry Credits for? - please read this document "Factom Whitepaper", there all is written.
Can someone pls explain to me what s the total number of Factoids to be available and how are they generated? No PoW, no PoS? Is it is a finite number and no more or what?
Total Factoids: 8753730 (today).When used Factoids they will be converted to Entry Credits and burned (removed from the system)
After completed the final stage of Milestone3, every month will be added 73000 factoids.
Factoids that does not coin, this token, it is not generated and no mining.
All detailed information can be found in the document "Factom Whitepaper" on the official Factom website- www.factom.org
Factom Whitepaper (PDF) download it here - https://github.com/FactomProject/FactomDocs/blob/master/Factom_Whitepaper.pdf?raw=true
Ok, so for now, quantity s fixed, until Milestone 3. What do I use these Entry Credits for?
Thx a lot, new in Factom.
Can someone pls explain to me what s the total number of Factoids to be available and how are they generated? No PoW, no PoS? Is it is a finite number and no more or what?
Total Factoids: 8753730 (today).When used Factoids they will be converted to Entry Credits and burned (removed from the system)
After completed the final stage of Milestone3, every month will be added 73000 factoids.
Factoids that does not coin, this token, it is not generated and no mining.
All detailed information can be found in the document "Factom Whitepaper" on the official Factom website- www.factom.org
Factom Whitepaper (PDF) download it here - https://github.com/FactomProject/FactomDocs/blob/master/Factom_Whitepaper.pdf?raw=true
Can someone pls explain to me what s the total number of Factoids to be available and how are they generated? No PoW, no PoS? Is it is a finite number and no more or what?
FACTOM added to CryptoCompare with great charts and a ton of info about
https://www.cryptocompare.com/coins/fct/analysis/BTC
https://www.cryptocompare.com/coins/fct/analysis/BTC
TNABC Miami + Factom Interviews + Koinify Shuts Down
Paul Snow at TNABC and interviewed on Doged Radio, Brian Deery interviewed on The Crypto Show, Koinify Shuts Down, now what?
Read the latest Factom news on our blog.
http://blog.factom.org/post/137841710659/tnabc-miami-factom-interviews-koinify-shuts
Dear sir
First l must admit that l m not computer expert at all but followed Factoid Wallet GUI Guide
l have installed Factomd and walletapp from the link provided by Factom.org and have tried to run Factomd to sync to Blockchain but keep getting,
Error reading config file
System cannot find the file specified
The process cannot access the file because it is being used by an other process
Invalid argument
l would appreciate if you could spare some of your precious time to guide me how to solve this issue to sync and create a Factoid address to move my Factoids as you may aware of that Koinify is shutting down by 15 Feb 2016
Kind Regards
First l must admit that l m not computer expert at all but followed Factoid Wallet GUI Guide
l have installed Factomd and walletapp from the link provided by Factom.org and have tried to run Factomd to sync to Blockchain but keep getting,
Error reading config file
System cannot find the file specified
The process cannot access the file because it is being used by an other process
Invalid argument
l would appreciate if you could spare some of your precious time to guide me how to solve this issue to sync and create a Factoid address to move my Factoids as you may aware of that Koinify is shutting down by 15 Feb 2016
Kind Regards
Do not worry about losing factoids due to koinify shutting down. The 12 words were the only way to move the factoids, with or without koinify.
Koinify closing only will have a small drawback. Their password reset feature was a good way to check if you had the correct 12 words. We will lose that as a debugging feature.
We are aware that on windows the log file does complain a bit, but it does not stop you from using factom.
as far as the config file, there is an internal one which uses the defaults. only when you need to do development or something like that would you need a config file.
is accessed by
Thanks very much for your precious respond.Have a wonderful weekend.
Will the master passphrase (which I got from Koinify) be valid "forever" to recover your FCT?
Is it something like a private-key?
Looking at where this great project is going, I'm planning to hold for another 1.5 / 2 years and don't want to discover that my FCT are gone when I try to "dig them up".
Is it something like a private-key?
Looking at where this great project is going, I'm planning to hold for another 1.5 / 2 years and don't want to discover that my FCT are gone when I try to "dig them up".
There were a few lucky people who had problems with the token sale. I would recommend running keymaker on the 12 words to make sure your address contains the on-chain balance that you expected. The koinify wallet did not look at the factom blockchain, so there may have been some disconnect for some people.
also, depending on your paranoia level, you were online when the koinify sale happened. if you want offline security, papermill can be run offline, and never touch an online computer. the conterbalance to that is that latent bugs in the software may have bad results, and inaction might be safer. It depends on what your risk tradeoffs are.
as far as the importing, we do plan to support it for a while, but the mapping between the 12 words to the private keys is publicly documented, so it will always be possible with enough effort.
https://github.com/FactomProject/FactomDocs/tree/master/token_sale
TNABC Miami + Factom Interviews + Koinify Shuts Down
"Our Chief Architect, Paul Snow, attended The North American Bitcoin Conference (TNABC) in Miami this week..."
http://blog.factom.org/post/137841710659/tnabc-miami-factom-interviews-koinify-shuts
Koinify is shutting down, what about Factoids (FCT)?
"Following previous notice, Koinify is officially shutting down by Feb 15th, 2016..."
http://blog.factom.org/post/137841710659/tnabc-miami-factom-interviews-koinify-shuts
"Our Chief Architect, Paul Snow, attended The North American Bitcoin Conference (TNABC) in Miami this week..."
http://blog.factom.org/post/137841710659/tnabc-miami-factom-interviews-koinify-shuts
Koinify is shutting down, what about Factoids (FCT)?
"Following previous notice, Koinify is officially shutting down by Feb 15th, 2016..."
http://blog.factom.org/post/137841710659/tnabc-miami-factom-interviews-koinify-shuts
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