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Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 448. (Read 2115876 times)

legendary
Activity: 927
Merit: 1000
Its all open source / open development so you are welcome to track the progress on Factom's Github repos.




favorite quote! I'd like to do some testing and help build this project - I've fully supported it from the beginning and I think the recent funding success state a clear want AND need for this to happen.
legendary
Activity: 1372
Merit: 1000
How can I trade equity of Factom Inc.?

no, you cannot trade equity in Factom Inc. because it is private equity. aka completely illiquid until after an IPO.

What if the company never IPOs and is neither sold in a private transaction?
full member
Activity: 173
Merit: 100
How can I trade equity of Factom Inc.?

no, you cannot trade equity in Factom Inc. because it is private equity. aka completely illiquid until after an IPO.
legendary
Activity: 2898
Merit: 1017
How can I trade equity of Factom Inc.?

Not yet, they are in the release candidate one phase, once it gets to beta stage then you will be able to trade them.
sr. member
Activity: 269
Merit: 250
How can I trade equity of Factom Inc.?
member
Activity: 114
Merit: 10
Here is the link to the post about release candidate one. All the coding is done from end to end. The code is currently under a "freeze", meaning no new features, only bug fixes are being accepting between now and reaching milestone 1 / launch of the live beta.

http://blog.factom.org/post/124249017699/technical-update-release-candidate-one

You and anyone else tech savvy are welcome to join the testing community of folks installing and trying out the functions of the Factom client, participating in the stress test and otherwise finding ways to make the software more robust. Just hit up BrianDeery1 on Skype if you want to be added to the testing group.

Here is the link to the install guide. https://github.com/FactomProject/FactomDocs/blob/master/communityTesterDirections.md

The Factom core developers are targeting next week for release candidate two. Presuming no major bugs are discovered in RC2 the Beta will come shortly after that.

That's about as close to a schedule as one can get. The goal is to have robust software that will work when the genesis block goes live at the launch of the Beta. Security is the top priority. Real value is at stake in this software and so the team is running a huge number of tests (currently more than 179 per day) in order to be confident Factom is stable and preforming as expected.

I hope that sets the schedule in context. Its all open source / open development so you are welcome to track the progress on Factom's Github repos.


member
Activity: 88
Merit: 10
another crowd sale and we still waiting on factoids. bullshit.
 Angry Angry Angry Huh Huh Huh
maybe get one project done then move on to the next one?
just maybe Huh

Factoids are coming soon. We have been releasing regular updates on progress and will continue to do so.
The software is undergoing testing and we want to make sure it's stable enough before releasing.
See above for the latest updates and also check our GitHub if you want to get involved with testing.

The founding round is for Factom Inc. which is separate from the Factom Foundation.
Factom Inc. has been setup to help businesses who want to integrate our tech and expand user base.
It will be essential to drive demand for Factoids at the same time as more and more companies use Factom.

Also the funding round is not taking time away from our development efforts.

We appreciate the feedback, rest assured our developers and community testers are hard at work to deliver as soon as feasibly possible.
At least I got a reply from the team
Do you have dates yet for the release?
sr. member
Activity: 251
Merit: 250
another crowd sale and we still waiting on factoids. bullshit.
 Angry Angry Angry Huh Huh Huh
maybe get one project done then move on to the next one?
just maybe Huh

Factoids are coming soon. We have been releasing regular updates on progress and will continue to do so.
The software is undergoing testing and we want to make sure it's stable enough before releasing.
See above for the latest updates and also check our GitHub if you want to get involved with testing.

The founding round is for Factom Inc. which is separate from the Factom Foundation.
Factom Inc. has been setup to help businesses who want to integrate our tech and expand user base.
It will be essential to drive demand for Factoids at the same time as more and more companies use Factom.

Also the funding round is not taking time away from our development efforts.

We appreciate the feedback, rest assured our developers and community testers are hard at work to deliver as soon as feasibly possible.
member
Activity: 88
Merit: 10
another crowd sale and we still waiting on factoids. bullshit.
 Angry Angry Angry Huh Huh Huh
maybe get one project done then move on to the next one?
just maybe Huh
member
Activity: 114
Merit: 10
The Factom Inc. BnkToTheFuture syndication of shares with investors finishes tomorrow.

https://bnktothefuture.com/pitches/2087/_factom-inc-bringing-the-blockchain-to-business.html

We thought it best to let it run the full 30 days.

member
Activity: 123
Merit: 10
Factom Inc. crowdsale is already over-funded, why don't you guys stop it, it's a little bit greedy.
sr. member
Activity: 251
Merit: 250

Thanks to the hard work of testers from our community and our Factom core developers,
we have a Release Candidate One (RC1), a critical step for launching the Factom network.
Read more about it on our blog.

We also reached the Factom Inc. funding goal of $1 million on BnkToTheFuture.


The news have been shared by the press:

Bitcoin Magazine - July 16, 2015
Factom Team Launches Release Candidate One, Calls for Test Participation

Bitcoinist.net - July 16, 2015
Factom Experiences Groundbreaking Fundraising Round, Releases Beta

Finance Magnates - July 16, 2015
Factom Hits $1 Million Crowdfunding Goal on BnkToTheFuture


Last but not least our President Peter Kirby appeared on the Keiser Report:

Keiser Report - July 16, 2015
America's Shrinking Stock Market (E784)
hero member
Activity: 700
Merit: 500
★ IT's Party Time! ★
Heads up to the Factom community.

Bitcoin Magazine Coverage of the Factom Client Release Candiate One.
https://bitcoinmagazine.com/21268/factom-team-launches-release-candidate-one-calls-test-participation/

Here is the blog post:
http://blog.factom.org/post/124249017699/technical-update-release-candidate-one

Great! RC1 is ready and Beta release is around the corner  Kiss
member
Activity: 114
Merit: 10
sr. member
Activity: 283
Merit: 250
I don't know about other investors, but I'm going to find it very difficult to sell my first wave (1 btc/2k coins) factoids. I've never felt so much potential in an altcoin purchase before.

Myself, I bought some with an eye to using them - so I don't know if I'll sell 'em at all.
Same here
legendary
Activity: 924
Merit: 1000
I don't know about other investors, but I'm going to find it very difficult to sell my first wave (1 btc/2k coins) factoids. I've never felt so much potential in an altcoin purchase before.

Myself, I bought some with an eye to using them - so I don't know if I'll sell 'em at all.
sr. member
Activity: 251
Merit: 250


We have released our latest Technical Update with news on development progress, Factoids, and our new coin logo Smiley

Find out more on our blog: http://blog.factom.org/post/123637666729/technical-update-on-factoids



legendary
Activity: 1372
Merit: 1000
Do Factom Inc investors have an opportunity to sell their shares if the company does not go public and is not otherwise sold?
legendary
Activity: 938
Merit: 1000
Looking forward to bug release.
member
Activity: 114
Merit: 10

what sort of works and services will be offered for these "enterprise clients" ?
what are the main sources of income?

Blockchain as a Service (BaaS). We will help enterprises integrate our tech with their existing or new systems and for that will we charge a fee.

More info on our Blog: http://blog.factom.org/post/122941176349/factom-inc-factom-foundation-partnership

do you plan to expand into a full-fledged consulting firm for blockchain tech?
i see that the same people are on both factom foundation and factom inc. Do they then work 16 hours a day?

The goal for GG / Factom Inc. is more to create generalized blockchain / Factom tools for auditing, finance, land titles and so forth. Doing some consulting for large enterprise clients is a means to defining these general software tools. In short the goal for Factom Inc. is not to be primarily a consulting company, but rather to build software tools that can be used by dozens and eventually hundreds of different companies.

As for the work hours, both the Foundation and Factom Inc. teams actually do often work 16 hour days, plus weekends (you can see the late night commits + weekend commits time stamped on Github).

In general the Foundation is focused on supporting the core developers and the for profit is supporting the marketing / business folks. The two organizations staff will become more and more divergent over time. For example Peter Kirby serves as the CEO for the for profit while Paul Snow serves as the CEO of the Foundation given their different focuses.
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