[ANN] FACTOM - Introducing Honesty to Record-Keeping - page 424.

bitcoinrocks

legendary

Activity: 1372

Merit: 1000

Quote from: B-MoneyXcan on October 07, 2015, 09:36:08 AM

Funny to see all the discussion about the amount of coins, as if this is what is going to really determined FACTOM's actual market value. There is no way to determine this right now until the tech starts being used by countries, companies or private individuals.

Don't forget the "supply" in supply and demand.

B-MoneyXcan

hero member

Activity: 633

Merit: 500

B Money Prepaid Mastercard bmoney.io

Funny to see all the discussion about the amount of coins, as if this is what is going to really determined FACTOM's actual market value. There is no way to determine this right now until the tech starts being used by countries, companies or private individuals.

italianMiner72

hero member

Activity: 910

Merit: 511

Quote from: ?? on ??

factoids from both of my accounts arrived on polo...

i am not planning to dump. I simply want to have my factoids available...

hi jiggy!

how many hours to see fct on polo after you claimed it whith 12 words master phrase? Huh

solid12345

legendary

Activity: 1246

Merit: 1000

Quote from: bitcoinrocks on October 07, 2015, 08:43:48 AM

20% inflation in the first year? Now I see why the price is tanking.

Yes but the coins that are used get burned so I would think that nullifies the high inflation rate.

nakaone

hero member

Activity: 742

Merit: 500

Quote from: tempus on October 06, 2015, 11:14:48 PM

This is the most interesting economical system I've seen so far in Crypto... if I understand it right. I have some questions but first I want to read more about it. Could be ingenious... like reality in virtuality - and improved. Will be exciting to see how the "price-finding" between market, entry-credits and back to market will work out. It's elegant and simple but very dynamic and complex at the same time.

well you are in the special situation that you understand what factoms' economic model is about while others (seem to) not understand the systems properly.

in my opinion it is the first system (maybe besides bitcoin) which could solve some real world issues in near time. it has its unique use case that needs decentralisation (see difference to other projects).

anyway I could be horribly wrong and this is a semi-scam or the team sucks - but the general idea is exciting and promising.

bitcoinrocks

legendary

Activity: 1372

Merit: 1000

20% inflation in the first year? Now I see why the price is tanking.

tempus

legendary

Activity: 1960

Merit: 1128

Quote from: marketorder on October 07, 2015, 08:11:45 AM

My two questions

1. What's the Max Total Supply

2. Inflation How much will be mined per day, month and year?

That was also my question, but I think/hope I figured it out. There is a very interesting Video:

Factoid Market Dynamics
https://www.youtube.com/watch?v=X3rM2TQJt7o

At 7:05 they're talking about the inflation. At that moment it wasn't sure how many Factoids there would be but the total supply is:

8,756,684 FCT ...if Coinmarketcap is right.
http://coinmarketcap.com/currencies/factom/

What they say is: 20% inflation in the first year, what would be 1,751,337

And that concrete amount of 1,751,337 FCT's will be added every year. So it's a decreasing inflation in percentage.

0 monts to 12 monts: 10,508,020 (+20%)

12 - 24: 12,259,357 (+ 16.7%)

24 - 36: 14,010,695 (+14.3%)

and so on...

Hope I'm right with that....

marketorder

sr. member

Activity: 375

Merit: 250

My two questions

1. What's the Max Total Supply

2. Inflation How much will be mined per day, month and year?

fmz89

legendary

Activity: 1764

Merit: 1002

ow another fail like bcy did Cheesy

,dev wont use real account ,cause this is just virtual project

italianMiner72

hero member

Activity: 910

Merit: 511

i'm trying to find factom hashrate network... but i don't find it...
i check on explorer (http://explorer.factom.org/)... but i don't find it

italianMiner72

hero member

Activity: 910

Merit: 511

Quote from: ?? on ??

factoids from both of my accounts arrived on polo...

i am not planning to dump. I simply want to have my factoids available...

hi jiggy..
how many time to see fct on polo???

maybe more than 12hours???

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: whiteorg72 on October 07, 2015, 12:26:32 AM

many now are selling their coins on the Polo, so there is no faith in this project? Sad

There's only 310,603 FCT for sale on a total of 8,759,946 FCT.

So only 3.5% of the Factoids are for sale currently...
Only 30% of those Factoids are for sale under 0.0015 BTC...

Seems the other 96.5% still has faith Wink

This project hasn't even started... I think it's realistic to wait another year before you sell, unless you really need the money.

The future of these kind of projects is always uncertain, it hasn't been done before... it could fail and you lose everything you invested... If you think this will happen, sell! If you don't... hold...

mishax1

legendary

Activity: 2898

Merit: 1017

Quote from: souljah1h on October 06, 2015, 03:44:35 PM

Now you all got FCT on the exchange? To do what? Sell?

Trade. I already doubled my ipo amount..

tempus

legendary

Activity: 1960

Merit: 1128

It's good that there is some distribution... I'm glad it's at this price-level because I missed the ICO. Buying. ;-)

jasemoney

legendary

Activity: 1610

Merit: 1008

Forget-about-it

Quote from: whiteorg72 on October 07, 2015, 12:26:32 AM

many now are selling their coins on the Polo, so there is no faith in this project? Sad

people held for 6 months and return is still 20-40% if they sell now. certainly cant expect the price to be what it opened at. though holding .001 would be nice. people who are buying or bought should be waiting around for use cases to be implemented to see where this train goes.

whiteorg72

sr. member

Activity: 350

Merit: 250

many now are selling their coins on the Polo, so there is no faith in this project? Sad

jasemoney

legendary

Activity: 1610

Merit: 1008

Forget-about-it

Quote from: Bisha on October 06, 2015, 07:17:24 PM

Quote from: Fargo on October 06, 2015, 07:14:49 PM

Quote from: Bisha on October 06, 2015, 06:34:03 PM

What will happen to the other 50% of the coins?

What business partners that will actually use this protocol, does factom have? Apart from the ones mentioned on the first page. Anyone actually interested and in the works of using the protocol? Any known company?

Honduras was going to use it, then factom announced they lied about it. https://twitter.com/junseth/status/632353045687455745?s=09

I know there were some issues about that. That's why I want to know more to see what kind of other opportunities this might have at the moment.

Can anyone answer those 2 questions?

Will the remaining 50% of the funds be used for development (which doesnt make sense since IPO was made and they got the money) or be sold in the future?

Any other users like the Honduras? Any other company or region is interested?

I cant say if they got 50% extra coins or not but the dude who did the review showed the balances form koinify matched the balances on factom genesis block. and the IPO funds were to be made available to the factom team in 3 installments based on goals. they met all goals for the first goal by showing they IPO was distributed, you could send and recieve factoids, and you can enter hashes into the bitcoin blockchain and theyd show up in your factom wallet & the bitcoin blockchain.

tempus

legendary

Activity: 1960

Merit: 1128

This is the most interesting economical system I've seen so far in Crypto... if I understand it right. I have some questions but first I want to read more about it. Could be ingenious... like reality in virtuality - and improved. Will be exciting to see how the "price-finding" between market, entry-credits and back to market will work out. It's elegant and simple but very dynamic and complex at the same time.

Bisha

sr. member

Activity: 289

Merit: 250

Quote from: Fargo on October 06, 2015, 07:14:49 PM

Quote from: Bisha on October 06, 2015, 06:34:03 PM

What will happen to the other 50% of the coins?

What business partners that will actually use this protocol, does factom have? Apart from the ones mentioned on the first page. Anyone actually interested and in the works of using the protocol? Any known company?

Honduras was going to use it, then factom announced they lied about it. https://twitter.com/junseth/status/632353045687455745?s=09

I know there were some issues about that. That's why I want to know more to see what kind of other opportunities this might have at the moment.

Can anyone answer those 2 questions?

Will the remaining 50% of the funds be used for development (which doesnt make sense since IPO was made and they got the money) or be sold in the future?

Any other users like the Honduras? Any other company or region is interested?

Fargo

sr. member

Activity: 283

Merit: 250

Quote from: Bisha on October 06, 2015, 06:34:03 PM

What will happen to the other 50% of the coins?

What business partners that will actually use this protocol, does factom have? Apart from the ones mentioned on the first page. Anyone actually interested and in the works of using the protocol? Any known company?

Honduras was going to use it, then factom announced they lied about it. https://twitter.com/junseth/status/632353045687455745?s=09

Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 424. (Read 2115876 times)