Author

Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 403. (Read 2115876 times)

sr. member
Activity: 367
Merit: 250
I'm a miner not a minor.
What are you guys using as a wallet outside exchanges? Is it possible to create one without a Koinify account?

I was just looking through their resources and I think everything you'll need is right here...
http://factom.org/howto
hero member
Activity: 952
Merit: 1000
www.pumpmycoin.com
By the way, just an example how stupid some guys try to manipulate.

A few days ago somebody bang the drum on twitter for FCT. First (all on Dec. 19th) he tweeted:


#factom on chinese exchange very soon!
#eth #bts
https://twitter.com/William42111948/status/678124770815287297


#fct mooning
#eth #bts
https://twitter.com/William42111948/status/678275423906721793


FActom is the next #eth  BULL RUN BUY IT
https://twitter.com/William42111948/status/678488365637988352



But just seven hours later, after he obviously sold way too early:



#factom HIDDEN BLOCK DETECTED! IT IS A SCAMCOIN!
COIN SUPPLY IS FAKE
#eth #bts
https://twitter.com/William42111948/status/678590741342511104



I laughed so hard and showed it to some friends. That guy is an entertainer!

One advice: Don't play against the market. Especially not against china.




I don't think a serious project will position the incompetence or play with hard sides, so if the image to make it clear to the Chinese partners of the signal of the next cryptoexperiment, but it deserves attention, though, but there is a risk of without the need not appropriate, I think, there was a need in this case, manipulatie, though, but with the other hand
sr. member
Activity: 247
Merit: 250
What are you guys using as a wallet outside exchanges? Is it possible to create one without a Koinify account?
legendary
Activity: 1960
Merit: 1128
By the way, just an example how stupid some guys try to manipulate.

A few days ago somebody bang the drum on twitter for FCT. First (all on Dec. 19th) he tweeted:


#factom on chinese exchange very soon!
#eth #bts
https://twitter.com/William42111948/status/678124770815287297


#fct mooning
#eth #bts
https://twitter.com/William42111948/status/678275423906721793


FActom is the next #eth  BULL RUN BUY IT
https://twitter.com/William42111948/status/678488365637988352



But just seven hours later, after he obviously sold way too early:



#factom HIDDEN BLOCK DETECTED! IT IS A SCAMCOIN!
COIN SUPPLY IS FAKE
#eth #bts
https://twitter.com/William42111948/status/678590741342511104



I laughed so hard and showed it to some friends. That guy is an entertainer!

One advice: Don't play against the market. Especially not against china.


legendary
Activity: 1960
Merit: 1128
i sell all FCT
price down, probably below 0.0008

Interesting... No posts without intention if you know what I mean. ;-)
legendary
Activity: 1960
Merit: 1128
i sell all FCT
price down, probably below 0.0008

Thank you, I bought your FCT. Excellent buy for the long term. Smiley

I bought, too. Didn't believe I would get it that cheap again. Funny is: It was so obvious that a whale tried to bring the price down but he wasn't  very subtle. First the dumping and than sell-walls about more than 80BTC. But he was scared that somebody could buy it. Cheesy

I doubt that it was good business. And it was a great risk. There are people with huge money in and I wouldn't be surprised if anybody would buy him out if he tries it again. With other words: Congrats to the whale that you have that many FCT, but if you want to manipulate the market it could end in a way you don't want it. ;-)

In general it's great to have the chines-exchange in, because it's not that easy any more to manipulate the market. The chinese were not impressed. And it's good if somebody who acts that extreme, this "impulsive whale", distributes his own supply. Better now than later when the price is even higher.
sr. member
Activity: 350
Merit: 250
i sell all FCT
price down, probably below 0.0008

Thank you, I bought your FCT. Excellent buy for the long term. Smiley
legendary
Activity: 1946
Merit: 1000
i sell all FCT
price down, probably below 0.0008
newbie
Activity: 24
Merit: 0
any tips on importing from koinify to poloniex?  do you include spaces between each word?  any words of wisdom?  please rate riskiness level of this maneuver on a scale of 1 to 10 (10 being "for experts only").  thx for the help.  ak
sr. member
Activity: 251
Merit: 250

No new factoids will be generated until milestone #3 is complete, after that about 75K Factoids a year will be distributed to federated servers for their help running the network.
Also to note that once Factoids are converted to Entry Credits they will be used and taken out of the system.

I `ve read on the website FAQ that after the entry credits are used the Factoid gets unlocked/released , like colored coins.

So you are saying that the Factoids get burned after the entry credit is used?

Quote
How do factoids get sent back to the protocol? Is it a kind of burn?

No. The Entry Credits are burned. Entry Credits are non transferable. They can only be used to buy entries. But when they DO buy entries, the Factoid in the protocol that was used to buy the Entry Credits is released. The amount of Factoids varies since the price of Entry Credits per Factoid varies.

The Factoid paid out is calculated by dividing the total number of Factoid in the protocol by the number of outstanding Entry Credits.

The number of Factoids in the protocol and the number of outstanding Entry Credits are all computable from the Entry Chain and the Factoid Chain.

No Factoids are used after they are converted to Entry Credits (they don't get back into the system) and Entry Credits are required to make entries.
sr. member
Activity: 350
Merit: 250
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK

No new factoids will be generated until milestone #3 is complete, after that about 75K Factoids a year will be distributed to federated servers for their help running the network.
Also to note that once Factoids are converted to Entry Credits they will be used and taken out of the system.

I `ve read on the website FAQ that after the entry credits are used the Factoid gets unlocked/released , like colored coins.

So you are saying that the Factoids get burned after the entry credit is used?

Quote
How do factoids get sent back to the protocol? Is it a kind of burn?

No. The Entry Credits are burned. Entry Credits are non transferable. They can only be used to buy entries. But when they DO buy entries, the Factoid in the protocol that was used to buy the Entry Credits is released. The amount of Factoids varies since the price of Entry Credits per Factoid varies.

The Factoid paid out is calculated by dividing the total number of Factoid in the protocol by the number of outstanding Entry Credits.

The number of Factoids in the protocol and the number of outstanding Entry Credits are all computable from the Entry Chain and the Factoid Chain.
legendary
Activity: 924
Merit: 1000

Thanks! Let's see what would be a good time to buy in after this huge rally, any suggestions?

Two ways to do it:

1. Pick a spot well below the pump high, place a limit order, and then fugeddaboutit. Just check in occasionally to see if you've got any. This way is derived from my observation of the shrewd folks who sell near the top of a pump. The ones who still believe in the asset buy in at a lower price - and from what I've seen, they tend to go back in at the middle of the post-pump decline. Their pick for the post-pump low is typically higher than the real post-pump low. So, since this high-balling is likely part of human nature, there's a good chance that a lowball order at your lowball price will be filled eventually. The "fugeddaboutit" part of the plan means keeping your price discipline the easy way: just ignore the market and turn your attention elsewhere.

2. Dollar-Cost Averaging. This plan requires you to throw up your hands and say that you simply can't predict where the thing will go. You then roll with the waves and buy with a fixed amount of Bitcoin each week, month, every two weeks, or whenever. By fixing the Bitcoin amount, you'll by more Factom when it's lower and buy less when it's higher. Dollar-cost averaging actually lowers your average buy price compared to all-in if you're a normal fella, and it's convenient because it's fixed-rule.
sr. member
Activity: 251
Merit: 250
Where i can see the current supply of FACTOIDS?

And how much is the annual inflation of FACTOIDS?

You can see the current supply on the latest block at http://explorer.factom.org.
Click on the last block then read "Total Factoids".

No new factoids will be generated until milestone #3 is complete, after that about 75K Factoids a year will be distributed to federated servers for their help running the network.
Also to note that once Factoids are converted to Entry Credits they will be used and taken out of the system.
hero member
Activity: 854
Merit: 1000
Software maker Factom raises seed funding to back growth
"...The Austin startup reported raising $1.4 million of a planned $5 million seed financing last week... "
http://www.bizjournals.com/austin/blog/techflash/2015/12/software-maker-factom-raises-seed-funding-to-back.html
It's so nice being invested in a coin where the devs understand how to conduct business.
sr. member
Activity: 350
Merit: 250
thats really good  Smiley
thanks for the news.

do they really employ 21 workers?


Yes. Even more workers. Here you can see the entire team of the factom -
http://factom.org/team
sr. member
Activity: 350
Merit: 250
Software maker Factom raises seed funding to back growth
"...The Austin startup reported raising $1.4 million of a planned $5 million seed financing last week... "
http://www.bizjournals.com/austin/blog/techflash/2015/12/software-maker-factom-raises-seed-funding-to-back.html
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
Where i can see the current supply of FACTOIDS?

And how much is the annual inflation of FACTOIDS?
legendary
Activity: 1070
Merit: 1021
Personally i think the price is going to hold way above 100k mark. With the next news of milestone 2 this year and the launch of Azure in Q1 2016, surely you would be stupid to dump your bag of factom now.

Really, the big investors most probably don't chat on the troll box or speak on bitcointalk, and they have bought in because of the huge potential that factom has to change the way the world works. We will see big price increases, only half of the coins in circulation went to bitcoiners and i doubt the other half will even be touched until its worth some serious money (yes the price has x10 but its still worth nothing when you weigh up how much factom can change the world (just like bitcoin did)).

Someone said on here a few weeks back that factom is like turning the clock back to 2009 and having the opportunity to buy bitcoin. I totally agree, if you research this project and watch their conferences and listen to their discussions, then you may understand what i mean.

legendary
Activity: 1190
Merit: 1024
Bought some 3k FCT at around 124k and sitting watching prices whole day  Grin

Guess people will get in as soon as they realize its Potential
Jump to: