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Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 397. (Read 2115876 times)

full member
Activity: 144
Merit: 100
Thanks , knowing that they are safe now and will be safe in the future is enough for me at the moment , will there be an easier way of withdrawing somewhere in the future , i also do not want to loose any coins in that pretty complicated withdrawal process

If you are going to hold them in cold storage, I would recommend double checking that the balance is what you expect.

In computer security there is generally a convenience vs security tradeoff.  Here is an inconvenient way of checking your balance, but the most secure.

The keymaker app can check balances using an offline computer.  It can be done on a cd booted version of linux, disconnected from the internet after downloading the keymaker-linux binary.  This way the private key gets wiped from memory on shutdown.

you can type the public address manually into a separate online computer.
sr. member
Activity: 481
Merit: 250
Did I have to withdraw my factoids from koinify at some point ?

I have a LOT on there and when i tried checking my balance now the page does not realy load and my balance is not shown.

If someone knows that you can still withdraw and that this is just an error on my end please tell me I am starting to panic a bit here.

when clicking on my wallet it says "The page at koinify.com says: (object Object) and it does not show my balance I googled it and it seems to be something with my browser , did not have this before , what is wondering me that i have the same error on several browsers including on my cellphone.

Thank you for trusting our project with your hard earned bitcoins.  At this point, the koinify wallet cannot be used to send factoids. 

If you purchased Factoids during the April/May timeframe, you should have written down 12 words.  That is the only way to access factoids now. 

If you plan to immidiately send them all to poloniex the import feature there is the most striaghtforward.  http://imgur.com/zQ8E34v


To check your balance without handing them to someone else in the process, or to see if you were one of the handful of people that had problems, run the keymaker app.  instructions here: http://factom.org/howto and here: https://github.com/FactomProject/keymaker

You can install the gui wallet also, which has directions at: http://factom.org/howto  This will allow you to send to bittrex or https://yuanbaohui.com/ as well.

If you want to develop apps using your factoids, I would suggest using a sandbox first, as it will help you from losing factoids during the development process. https://github.com/FactomProject/FactomDocs/blob/master/developerSandboxSetup.md


Thanks , knowing that they are safe now and will be safe in the future is enough for me at the moment , will there be an easier way of withdrawing somewhere in the future , i also do not want to loose any coins in that pretty complicated withdrawal process
full member
Activity: 144
Merit: 100
Did I have to withdraw my factoids from koinify at some point ?

I have a LOT on there and when i tried checking my balance now the page does not realy load and my balance is not shown.

If someone knows that you can still withdraw and that this is just an error on my end please tell me I am starting to panic a bit here.

when clicking on my wallet it says "The page at koinify.com says: (object Object) and it does not show my balance I googled it and it seems to be something with my browser , did not have this before , what is wondering me that i have the same error on several browsers including on my cellphone.

Thank you for trusting our project with your hard earned bitcoins.  At this point, the koinify wallet cannot be used to send factoids. 

If you purchased Factoids during the April/May timeframe, you should have written down 12 words.  That is the only way to access factoids now. 

If you plan to immidiately send them all to poloniex the import feature there is the most striaghtforward.  http://imgur.com/zQ8E34v


To check your balance without handing them to someone else in the process, or to see if you were one of the handful of people that had problems, run the keymaker app.  instructions here: http://factom.org/howto and here: https://github.com/FactomProject/keymaker

You can install the gui wallet also, which has directions at: http://factom.org/howto  This will allow you to send to bittrex or https://yuanbaohui.com/ as well.

If you want to develop apps using your factoids, I would suggest using a sandbox first, as it will help you from losing factoids during the development process. https://github.com/FactomProject/FactomDocs/blob/master/developerSandboxSetup.md
sr. member
Activity: 481
Merit: 250
Did I have to withdraw my factoids from koinify at some point ?

I have a LOT on there and when i tried checking my balance now the page does not realy load and my balance is not shown.

If someone knows that you can still withdraw and that this is just an error on my end please tell me I am starting to panic a bit here.

when clicking on my wallet it says "The page at koinify.com says: (object Object) and it does not show my balance I googled it and it seems to be something with my browser , did not have this before , what is wondering me that i have the same error on several browsers including on my cellphone.
sr. member
Activity: 350
Merit: 250
Medical records project that built on Factom Project taking one of the top spots at the Shanghai Blockchain Hackathon
https://twitter.com/hashtag/ShanghaiBlockchainHackathon?src=hash



hero member
Activity: 812
Merit: 1000
Quote
1. The "Factom Federated Servers": Are they somehow centralized? Can I run a Factom node? Is there a process involved in joining the Federation? .

Like in bitcoin, there will be different classes of nodes all communicating over a flood fill P2P network.  Yes, you can install a node and propagate messages around the network.  I think the question you are asking is "Can I run an authoritative node?" as in, can I be a miner.  That is a more complicated question.  You would basically need to win elections to become part of the federation.  Users who purchase entry credits are the ones who cast votes.  This is what Milestone 3 is for.


Quote
2. If Factoms are like ETH and EC's (Entry Credits) are gas, could an Ethereum dapp serve as a potentially more decentralized Factom?
hmm, interesting question.  My first reaction is: probably not.  The Ethereum VM is really slow, described as "the computing power of a 1990's mobile phone".  There will be a lot of data flowing through factom, and I don't immediately see how all the data can be put into factom, and not into ethereum's state too.  The whole point of factom is to offload data from the main blockchain.

Perhaps with something like zk-SNARK, you can put the proof of honest dealing in ethereum, but the proof would need to extend all the way down to the network card firmware to prove you weren't filtering, and would take 10000x longer than just doing the computation once.  Even then, you could probably filter (censor) before it got to your machine.  The goal is to make it censorship resistant, which is really hard.  The best we know how to do is make it expensive to censor.

I haven't though about redesigning factom as an Eth program very hard, but I would love to be proven wrong.


Quote
3. There is a Factom chain. If this chain is lost or the network should die is the data on the BTC chain still "useful"? Or to put it differently, does the data stored on the BTC chain make sense without reference to the data stored on the Factom chain?

Bitcoin is used in Factom to do multiple things.
- Prevent Factom from undetectably rewriting history.  The hashpower prevents the Federated servers from erasing history.
- Show the users of Factom that the blockchain is not forked.  It also provides a sibyl resistant communication amongst Federated servers, and to the clients.

All the user Chains in Factom are under the Merkle root placed in the bitcoin blockchain.  I think you are referring to the Factom blockchain, though.

The Federated Servers (like the miners) are only there to build the head of the blockchain, and to arbitrate between conflicting state changes.  The only state changes that the Factom servers arbitrate between relate to Factoids and Entry Credits.  After the blockchain is built, anyone can pass it around, verify it, and retain it even if the Federated Servers disappear.

This is one of the reasons why it makes sense to run your own node, to make sure you have a copy of all the data.


Quote
4. Quote from 'Factom Ledger by Consensus':

Quote
Placing Offensive or Illegal Entries into Factom
Censorship is very hard and perhaps nearly impossible in Factom.  No data in the Directory Blocks, nor the Entry Blocks will be plain text.  The Entries themselves can contain any information at all, but Entries containing offensive material can be identified and removed from any particular system using Factom.  Even though Factom secures such information, that does not mean users are forced to hold the offensive material.

So this might mean that the answer to 3 is No, but more importantly how can information be deleted and who decides what is deleted? If Factom is not censorship-resistant then this poses a problem.

Good question.  Again, it is complicated, and likely is a nomenclature issue.  This is the equivalent of saying something can be deleted from bittorrent.  Also, pruning in Bitcoin is a good analogy.  If you know about some data on your system that you don't want to retain or serve up, you can delete it from your system. 

Factom's (and blockchains in general) power is in proving the negative.  If a community agrees on the head of the blockchain, then they agree on the history taken to get there.  Everyone can examine the same history to arrive at the same state.  The problem is that forbidden knowledge may be embedded in that history.  The assumption is that this forbidden knowledge doesn't change the application state, but needs to be examined by new entrants to prove it does not affect the state.

It turns into an oracle problem at this point.

One can imagine an oracle, for example the Illegal Prime Number Detection Censorship Authority (IPNDCA) who scans the blockchain for the forbidden prime numbers.  When they find the forbidden data, they would identify it by its Entry Hash and place that into their own Chain.

If IPNDCA flags innocuous data, others in the community can present the data and the signed hash showing it was flagged and the oracle would lose credibility. 

If the forbidden data does affect the state, then the oracle probably needs to be aware of this, and communicate this appropriately.

What is more likely is that the forbidden data is there but ignored, like how some forbidden data exists in the Bitcoin blockchain, but doesn't seem to be causing legal troubles.


Thank you for the detailed reply.

forbidden data
legendary
Activity: 1268
Merit: 1006
We're very happy with Factom, right now. Check out this chart we made using Poloniex:

sr. member
Activity: 247
Merit: 250
We have released the FactoidPapermill app which allows you to create Factoid Addresses with their Private Keys.
It could be used as a paper wallet and the private keys can also be imported into the GUI or command-line wallet.

Find out more at: http://factom.org/howto#collapse-1-6


Fantastic , thanks
sr. member
Activity: 251
Merit: 250
We have released the FactoidPapermill app which allows you to create Factoid Addresses with their Private Keys.
It could be used as a paper wallet and the private keys can also be imported into the GUI or command-line wallet.

Find out more at: http://factom.org/howto#collapse-1-6
sr. member
Activity: 251
Merit: 250
When will we be able to run Factom servers and what are the server requirements?
good question  Grin

We are currently working on our Milestone #2 which will introduce our consensus mechanism to the Factom network. So we will have some test Federated Servers running for that, however managed by Factom.
After milestone #3 is complete, with the full network up and running, everyone will be able to setup a Federated Server and users of the network will be able to vote and elect them.
That is also when Federated Servers will start receiving rewards in factoids for their help supporting the network. Until then no more factoids will be generated.

You can currently run a test Factom server using our Sandbox below, we have various options there but not a Federated Server yet.

https://github.com/FactomProject/FactomDocs/blob/master/developerSandboxSetup.md
newbie
Activity: 36
Merit: 0
When will we be able to run Factom servers and what are the server requirements?
good question  Grin
newbie
Activity: 19
Merit: 0
When will we be able to run Factom servers and what are the server requirements?
legendary
Activity: 1960
Merit: 1128
Factom listed on BittrexExchange
https://www.bittrex.com/Market/Index?MarketName=BTC-FCT

Unfortunately, little exchange, with little turnover Sad

Nice! And sure, Poloniex has more volume but Bittrex isn't that small. Just not much FCT on there right now.
sr. member
Activity: 350
Merit: 250
Factom listed on BittrexExchange
https://www.bittrex.com/Market/Index?MarketName=BTC-FCT

Unfortunately, little exchange, with little turnover Sad
legendary
Activity: 924
Merit: 1000
big dump on fct and panic in china. gl!

I took advantage to buy a little (more), but not much: only 0.1 BTC's worth. I decided to take my own earlier advice and dollar-cost-average in. Mebbe 0.1 BTC per week...

EDIT: I'm now up ~40% and sure enough, I'm grumbling. Roll Eyes
hero member
Activity: 517
Merit: 500
aka alaniz
If anyone is interested, I have started a #factom channel on Freenode IRC. Paul Snow has agreed to join and will answer questions when time allows. He's already answered some fantastic questions and is very responsive and thorough in his answers. Very much looking forward to learning more about Factom!

https://kiwiirc.com/client/irc.freenode.net/#factom

Thanks! Much needed imo Cheesy
hero member
Activity: 752
Merit: 500
If anyone is interested, I have started a #factom channel on Freenode IRC. Paul Snow has agreed to join and will answer questions when time allows. He's already answered some fantastic questions and is very responsive and thorough in his answers. Very much looking forward to learning more about Factom!

https://kiwiirc.com/client/irc.freenode.net/#factom
legendary
Activity: 1960
Merit: 1128
full member
Activity: 183
Merit: 100
legendary
Activity: 1960
Merit: 1128
big dump on fct and panic in china. gl!
complete lie  Grin

Not a lie but not precise. In China it's about the stock-market. It crashed and after 30 minutes china halted trading. The german stock-market and other markets all over the world lost as well. That could be a reason that Bitcoin goes up and if the BTC-price rises, there is some pressure on other alts and projects.

But: I believe that Factom is one of a very few projects that would benefit from a rising Bitcoin. My logic is: A rising BTC-price is big PR for Bitcoin and Blockchain and all projects that are connected to Bitcoin - like Factom. So I won't sell because BTC goes up.

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