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.
Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 458. (Read 2115876 times)
I ve read that companies dont have to purchase factoids, that they can purchase "entry credits" if they dont wanna touch altcoins...
How does that work and what is the effect on factoids value for speculative invetors?
Thank you
You need Factoid tokens to generate Entry Credits. If nobody generates them, the supply will run out, since they are consumable. How does that work and what is the effect on factoids value for speculative invetors?
Thank you
I ve read that companies dont have to purchase factoids, that they can purchase "entry credits" if they dont wanna touch altcoins...
How does that work and what is the effect on factoids value for speculative invetors?
Thank you
How does that work and what is the effect on factoids value for speculative invetors?
Thank you
I like the updates, thanks for the progress reports 
Reminder: If you encounter any technical or account issues with your purchase, email [email protected] and we will get back to you right away. We have a hotline you can call as well for instant support.
Cheers!
Team Koinify
Cheers!
Team Koinify
The current rate is 1 BTC = 1900 Factoids.
Tomorrow it will be 1 BTC = 1800 Factoids.
Get yours now if you haven't already before the rate change!
https://koinify.com/#/project/FACTOM
Support
Great concept! I'm a supporter and early Factoid purchaser. I believe this may be the first "real killer app" that helps get Bitcoin into the mainstream.
+1
Factom looks cool
If I had the money, I would invest in it but that's not the case...
Great concept! I'm a supporter and early Factoid purchaser. I believe this may be the first "real killer app" that helps get Bitcoin into the mainstream.
nice one, I think most people have a hard fully grasping the project and its potential.
The current rate is 1 BTC = 1900 Factoids.
Get yours now if you haven't already before the rate change in 2 days!
https://koinify.com/#/project/FACTOM
Thanks for sharing bassguitarman.
Factom is one of the most exciting developments for 2015.
Transparent, real faces and near unlimited possibilities for real world use.
I'm looking forward to where this goes.
Transparent, real faces and near unlimited possibilities for real world use.
I'm looking forward to where this goes.
We appreciate the support, thank you.
Factom is one of the most exciting developments for 2015.
Transparent, real faces and near unlimited possibilities for real world use.
I'm looking forward to where this goes.
Transparent, real faces and near unlimited possibilities for real world use.
I'm looking forward to where this goes.
For the ones of you who want to know more about how Factoids and Entry Credits relate to each other and the
Market Dynamics watch the video below with Jacob Dienelt (Factom's Treasurer) and Peter Kirby (Factom's President).
Factoid Market Dynamics
Market Dynamics watch the video below with Jacob Dienelt (Factom's Treasurer) and Peter Kirby (Factom's President).
Factoid Market Dynamics
What do the latest sales figures look like? It's great seeing updates.
You can always check the latest figures on the Koinify webpage:
https://koinify.com/#/project/FACTOM
Would the amount of Factoids reduce during the Factom system operation process?
thanks.
thanks.
Factoids will be converted into Entry Credits when used to hash data into the Bitcoin Blockchain. When doing so they will be consumed.
There will be a percentage (15%-20%) of Factoids generated each year to reward servers and nodes on the Factoid network for their storage and computing resources.
More info in the video posted below.
Sorry I can't read it all but I need to know what will happens after 15 May? Can we trade? and which exchange ?
Thank you
Thank you
I'm interested in hearing about exchanges as well.
We have partnered with ShapeShift as you can see from the thread, we are working with them to be one of the exchanges to support Factoids.
Nothing is official yet but we will make announcements when closer to the date.
Any exchange that would like to support Factoids will have the chance to do so.
The current rate is 1 BTC = 1900 Factoids.
Get yours now if you haven't already before the rate change in 4 days!
https://koinify.com/#/project/FACTOM
Thanks for the update
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