Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 457. (Read 2115876 times)
Also.."You have asked Firefox to connect securely to infinityalgorithms.com, but we can't confirm that your connection is secure."
We are pleased to announce a collaboration between Infinity Algorithms + Factom.
Read the details on our blog.
Read the details on our blog.
Great！
Mind sharing what's so great about a collaboration with a company that has on its webpage "Coming soon: Another fine website hosted by WebFaction." ?
One of our directors wrote a great feature piece that focuses heavily on the Factom protocol. It's about why there will be an ultimate blockchain, and what it will be used for. Check it out: http://www.newsbtc.com/2015/04/22/blockchain-of-blockchains/
Thanks for sharing great article.
One of our directors wrote a great feature piece that focuses heavily on the Factom protocol. It's about why there will be an ultimate blockchain, and what it will be used for. Check it out: http://www.newsbtc.com/2015/04/22/blockchain-of-blockchains/
We are pleased to announce a collaboration between Infinity Algorithms + Factom.
Read the details on our blog.
Read the details on our blog.
Great！
only been to london once 
Read why Britain is such a magnet for Fintech, Bitcoin, and Blockchain related ideas and projects.
Why the Factom Foundation selected London, England.
Nice article, London has always been a hub of creative thinkers in mind. From tech to music and the arts, it seems the buzz there is contagious. I'm really just looking for a reason to go back. Could this be it?
We are pleased to announce a collaboration between Infinity Algorithms + Factom.
Read the details on our blog.
Read the details on our blog.
Read why Britain is such a magnet for Fintech, Bitcoin, and Blockchain related ideas and projects.
Why the Factom Foundation selected London, England.
Proof of Existence is the proof of the positive, which can certainly be done in this fashion. The problem is that it doesn't prove the negative. Factom allows you to create a Factom Chain where you can not only prove the existence of everything in that chain, but prove no other entries are in the chain.
Peter Todd is working on a project called Proof Chains (https://github.com/proofchains) that allows you to create a chain of entries in Bitcoin that duplicates Factom's features. The downside is that your data 1) is directly in the Bitcoin blockchain,
Peter Todd is working on a project called Proof Chains (https://github.com/proofchains) that allows you to create a chain of entries in Bitcoin that duplicates Factom's features. The downside is that your data 1) is directly in the Bitcoin blockchain,
Incorrect for most use-cases; proofchains itself doesn't have any data publishing tech yet anyway.
2) requires Bitcoin's transaction fees (more expensive),
Often correct, though there are ways to mitigate this issue. Of course, for many applications even $1/proof fees are so cheap as to be effectively free. (e.g. land title registrations)
3) is subject to censorship (by those that don't like this stuff in Bitcoin),
100% incorrect in most use-cases. For the few applications that do need to publish data directly there are many techniques available to make censorship very difficult.
4) requires users to hold the whole Blockchain for their proofs,
Very incorrect. Proofchains techniques work just fine with SPV.
5) is subject to Bitcoin confirmation times,
Correct.
6) requires users to manage and hold Bitcoin wallets to write their data, and
True, although outsourcing the holding of Bitcoins to third parties is pretty easy, and can be done without trusting those third parties.
7) has no means to incentivize the development and support of the code.
Not as exciting as crowdsales, but going to clients and telling them "Hey! I can solve this problem you have." still works reasonable well, provided there actually exists a problem to solve.
Factom seeks to address these and other issues. It turns out that building a censorship resistant layer over bitcoin to write arbitrary data is just harder than it looks.
It is, which is why I've focused on solving specific problems and building low-level libraries to help solve such problems.
Dont wanna be annoying, but I found this comment under the one of Factom videos.
"Here's another easier way to secure the integrity of 29,000 books.
Create a torrent for each book, or a torrent that contains all the books, keep the .torrent, you'll have SHA1 hashes for each torrent, and you'll have the file pieces hashed as well. A .torrent file is a Factum used to validate the integrity of files transfered.
Then grab the .torrent hash and put it into a Bitcoin transaction.
You can create torrents of just about any data source, and add those torrent infohashes to the Bitcoin blockchain.
I still don't see why Factum is needed."
Can someone elaborate? Im not techie, but I guess simple solutions always win.
"Here's another easier way to secure the integrity of 29,000 books.
Create a torrent for each book, or a torrent that contains all the books, keep the .torrent, you'll have SHA1 hashes for each torrent, and you'll have the file pieces hashed as well. A .torrent file is a Factum used to validate the integrity of files transfered.
Then grab the .torrent hash and put it into a Bitcoin transaction.
You can create torrents of just about any data source, and add those torrent infohashes to the Bitcoin blockchain.
I still don't see why Factum is needed."
Can someone elaborate? Im not techie, but I guess simple solutions always win.
Bittorrent does everything Factom does and allows for efficient filesharing, and is much more distributed/resilient
I regularly backup archives of ebooks and music by creating torrents of them and using that to distribute data + hashes across lots of storage
Proof of Existence is the proof of the positive, which can certainly be done in this fashion. The problem is that it doesn't prove the negative. Factom allows you to create a Factom Chain where you can not only prove the existence of everything in that chain, but prove no other entries are in the chain.
Peter Todd is working on a project called Proof Chains (https://github.com/proofchains) that allows you to create a chain of entries in Bitcoin that duplicates Factom's features. The downside is that your data 1) is directly in the Bitcoin blockchain, 2) requires Bitcoin's transaction fees (more expensive), 3) is subject to censorship (by those that don't like this stuff in Bitcoin), 4) requires users to hold the whole Blockchain for their proofs, 5) is subject to Bitcoin confirmation times, 6) requires users to manage and hold Bitcoin wallets to write their data, and 7) has no means to incentivize the development and support of the code.
Factom seeks to address these and other issues. It turns out that building a censorship resistant layer over bitcoin to write arbitrary data is just harder than it looks.
Thanks for the clarification - I've had these questions before but just didn't know how to ask.
The current rate is 1 BTC = 1800 Factoids.
In 2 days it will be 1 BTC = 1700 Factoids.
Get yours now if you haven't already before the rate change!
https://koinify.com/#/project/FACTOM
Dont wanna be annoying, but I found this comment under the one of Factom videos.
"Here's another easier way to secure the integrity of 29,000 books.
Create a torrent for each book, or a torrent that contains all the books, keep the .torrent, you'll have SHA1 hashes for each torrent, and you'll have the file pieces hashed as well. A .torrent file is a Factum used to validate the integrity of files transfered.
Then grab the .torrent hash and put it into a Bitcoin transaction.
You can create torrents of just about any data source, and add those torrent infohashes to the Bitcoin blockchain.
I still don't see why Factum is needed."
Can someone elaborate? Im not techie, but I guess simple solutions always win.
"Here's another easier way to secure the integrity of 29,000 books.
Create a torrent for each book, or a torrent that contains all the books, keep the .torrent, you'll have SHA1 hashes for each torrent, and you'll have the file pieces hashed as well. A .torrent file is a Factum used to validate the integrity of files transfered.
Then grab the .torrent hash and put it into a Bitcoin transaction.
You can create torrents of just about any data source, and add those torrent infohashes to the Bitcoin blockchain.
I still don't see why Factum is needed."
Can someone elaborate? Im not techie, but I guess simple solutions always win.
Bittorrent does everything Factom does and allows for efficient filesharing, and is much more distributed/resilient
I regularly backup archives of ebooks and music by creating torrents of them and using that to distribute data + hashes across lots of storage
Proof of Existence is the proof of the positive, which can certainly be done in this fashion. The problem is that it doesn't prove the negative. Factom allows you to create a Factom Chain where you can not only prove the existence of everything in that chain, but prove no other entries are in the chain.
Peter Todd is working on a project called Proof Chains (https://github.com/proofchains) that allows you to create a chain of entries in Bitcoin that duplicates Factom's features. The downside is that your data 1) is directly in the Bitcoin blockchain, 2) requires Bitcoin's transaction fees (more expensive), 3) is subject to censorship (by those that don't like this stuff in Bitcoin), 4) requires users to hold the whole Blockchain for their proofs, 5) is subject to Bitcoin confirmation times, 6) requires users to manage and hold Bitcoin wallets to write their data, and 7) has no means to incentivize the development and support of the code.
Factom seeks to address these and other issues. It turns out that building a censorship resistant layer over bitcoin to write arbitrary data is just harder than it looks.
Since when are torrents great for archiving? Archiving is usually for files of no interest to the general population. Torrent "archiving" requires a healthy swarm being always online, available to serve the file.
Dont wanna be annoying, but I found this comment under the one of Factom videos.
"Here's another easier way to secure the integrity of 29,000 books.
Create a torrent for each book, or a torrent that contains all the books, keep the .torrent, you'll have SHA1 hashes for each torrent, and you'll have the file pieces hashed as well. A .torrent file is a Factum used to validate the integrity of files transfered.
Then grab the .torrent hash and put it into a Bitcoin transaction.
You can create torrents of just about any data source, and add those torrent infohashes to the Bitcoin blockchain.
I still don't see why Factum is needed."
Can someone elaborate? Im not techie, but I guess simple solutions always win.
"Here's another easier way to secure the integrity of 29,000 books.
Create a torrent for each book, or a torrent that contains all the books, keep the .torrent, you'll have SHA1 hashes for each torrent, and you'll have the file pieces hashed as well. A .torrent file is a Factum used to validate the integrity of files transfered.
Then grab the .torrent hash and put it into a Bitcoin transaction.
You can create torrents of just about any data source, and add those torrent infohashes to the Bitcoin blockchain.
I still don't see why Factum is needed."
Can someone elaborate? Im not techie, but I guess simple solutions always win.
Bittorrent does everything Factom does and allows for efficient filesharing, and is much more distributed/resilient
I regularly backup archives of ebooks and music by creating torrents of them and using that to distribute data + hashes across lots of storage
Factom is not supposed to archive actual files or data but only to keep records. We recommend reading the whitepaper.
Torrents are great for sharing files and music, etc. Factom is not a storage solution.
Dont wanna be annoying, but I found this comment under the one of Factom videos.
"Here's another easier way to secure the integrity of 29,000 books.
Create a torrent for each book, or a torrent that contains all the books, keep the .torrent, you'll have SHA1 hashes for each torrent, and you'll have the file pieces hashed as well. A .torrent file is a Factum used to validate the integrity of files transfered.
Then grab the .torrent hash and put it into a Bitcoin transaction.
You can create torrents of just about any data source, and add those torrent infohashes to the Bitcoin blockchain.
I still don't see why Factum is needed."
Can someone elaborate? Im not techie, but I guess simple solutions always win.
"Here's another easier way to secure the integrity of 29,000 books.
Create a torrent for each book, or a torrent that contains all the books, keep the .torrent, you'll have SHA1 hashes for each torrent, and you'll have the file pieces hashed as well. A .torrent file is a Factum used to validate the integrity of files transfered.
Then grab the .torrent hash and put it into a Bitcoin transaction.
You can create torrents of just about any data source, and add those torrent infohashes to the Bitcoin blockchain.
I still don't see why Factum is needed."
Can someone elaborate? Im not techie, but I guess simple solutions always win.
Bittorrent does everything Factom does and allows for efficient filesharing, and is much more distributed/resilient
I regularly backup archives of ebooks and music by creating torrents of them and using that to distribute data + hashes across lots of storage
Factom Will Sell Up To 100% Of Its Bitcoin Reserves: http://www.coinbuzz.com/2015/04/16/factom-a-bitcoin-2-0-project-will-sell-85-100-of-its-bitcoin-reserves/
I like their way of putting it: "This means that a user can store a permanent record of a document on the blockchain by using Factom, which will charge you a small fee"
Factom Will Sell Up To 100% Of Its Bitcoin Reserves: http://www.coinbuzz.com/2015/04/16/factom-a-bitcoin-2-0-project-will-sell-85-100-of-its-bitcoin-reserves/
Dont wanna be annoying, but I found this comment under the one of Factom videos.
"Here's another easier way to secure the integrity of 29,000 books.
Create a torrent for each book, or a torrent that contains all the books, keep the .torrent, you'll have SHA1 hashes for each torrent, and you'll have the file pieces hashed as well. A .torrent file is a Factum used to validate the integrity of files transfered.
Then grab the .torrent hash and put it into a Bitcoin transaction.
You can create torrents of just about any data source, and add those torrent infohashes to the Bitcoin blockchain.
I still don't see why Factum is needed."
Can someone elaborate? Im not techie, but I guess simple solutions always win.
That is interesting. While I think it probably is possible to do it the way you mentioned, I think that would increase spam on the blockchain where factom's way seems to offer the most minimal way of putting spam(bloat) on the blockchain "Here's another easier way to secure the integrity of 29,000 books.
Create a torrent for each book, or a torrent that contains all the books, keep the .torrent, you'll have SHA1 hashes for each torrent, and you'll have the file pieces hashed as well. A .torrent file is a Factum used to validate the integrity of files transfered.
Then grab the .torrent hash and put it into a Bitcoin transaction.
You can create torrents of just about any data source, and add those torrent infohashes to the Bitcoin blockchain.
I still don't see why Factum is needed."
Can someone elaborate? Im not techie, but I guess simple solutions always win.
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