Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping - page 95. (Read 2115898 times)

I was recommended by a professional crypto trader to buy FACTOM as a long term hold and that now is a good entry point if I didn't buy earlier. Is this good advice and of what I read, FACTOM gets burnt so the supply will actually go down every month? 

time to buy fct is gonna explode...

Thx for the Polo being fixed info. Wasn't aware of that at all.

I wouldn't say that there are no infos. They just don't repeat what they've already said and since they are on slack, they say it there - while important things are usually also quoted in here.

In my opinion the M2-situation was and is this:

They've started to roll out M2 and that was obviously not totally without problems. But it's a big release. Even the biggest billion-software-companies usually need a lot of updates after a software-release (I never download the first IOS-version, or the new OS for Mac, for example). So, it took some time and maybe it will take some more time until all is totally fluent. But the fact that exchanges are working now is a safe indicator that it's close to say: M2 implementation is finished - Factom is on another level from now on.

And that is what I expect. That they'll publish an announcement and release software updates for the wallet.

Just as a reminder for those who don't know what M2 is about, how big the release is and how meaningful:


Factom Federation is the second major release of the core Factom software. It includes several protocol changes and a networking change that gives us the ability to further upgrade the following:

Eight Federated Servers - Increased censorship resistance and globally distributed.

Eight Auditing Servers - 8 new auditing servers supporting the network.

Confirmations In Seconds Instead of Minutes - 600X improvement

More Transactions Per Second - 5X improvement.

Merkle Proofs More Accessible - Proof of Existence made easy with the factomd API.

Distributed Peer to Peer Network - Resistant to denial of service type attacks.

Graphic Control Panel For Nodes - Easily see the activities of the Factom network.

BIP 44 Wallet Support - Factoids can now be integrated into a wider range of wallets.

Robust Testing Infrastructure - New public test net and suite of testing tools.

Support For Multiple Blockchains - Bitcoin and Ethereum network.

Factom Federation is a significant upgrade from Factom Genesis. We will be rolling out Factom Federation and migrating our users, clients, and customers over the next few weeks.

- See more at: https://www.factom.com/blog/factom-federation-release#sthash.Dt9Y2Uq3.dpuf


And just btw: They've said themselves that it will be rolled out over the next few weeks. So the time they needed wasn't unexpected.

I agree with Tempus, potential s high. However, we first need to make sure M2 s actually operational which nobody knows ATM cause there re no info.

M3 = Milestone 3. It's the release of the election protocol, what basically means that the federated servers and audit servers (64 in summary) will be controlled by those who are elected to run them. Factom will be totally decentralized. As far as I understand it, it will be a rotating system.

 

What is M3 and what will it do?

The chances for a rising price are good in my opinion. Reasons:

1) Factom was always very good for surprises on the business-front, that they announce new partnerships and so on.
2) Now that M2 is implemented it's likely to see increasing demand. I believe that most of all EC-demand until now, including existing partnerships, was because of tests.
3) Exodus will implement Factoids in February

And about the market:

1) Zero inflation until M3 but decreasing total supply - compared with other tokens it's a huge pro
2) Compared to some other projects and measured on Factoms potential, the marketcap is very low - currently $26,785,200.


All together: Very high potential

I have just bought some FCT for 3 days  and I can get a little bit profit from investing  and now it's still increasing everyday.
I expect it will be hottest altcoin in this year and many new changes will be released for this project.

Deposits and Withdrawals are enabled now on Polo. And github shows a lot of activity for factomd and enterprise-wallet:
https://github.com/FactomProject

I believe the chances are good that the issues are solved and that there will be an updated version soon.

The price is going down that means advertising is everything. I want to earn. But I'm loosing now. I sold my fcts and I'll buy it again when its price will be cheaper.

I'm a little bit disappointed. I expected that we will go back to 600K after Federation Update.
But we went only 5-8% up. Now I worry that i didn't sell on that high

Up again just a bug..

Factom website down, maybe theyre preparing for something 

There will be no huge pump again in recent future, the price will be fluctuating for some months until the good news release again.

Everyone here still waiting for some crazy pump? I exited at 360k, enough is enough with this project lol.

Well, I also try to avoid conflict as well and will do that this time. This last post tells a lot about your intelligence and decency, let s call each other names, that s very mature and polite. I refuse to go down to that street level so you just continue insulting me if that makes you feel better. As soon as someone does not agree with you, let show our real nature. Nice, congrats.

Now let s get back to the topic. Factom posts on Twitter on Jan 3, "We will be bringing down the network starting today as part of our migration. We expect to complete this upgrade by tomorrow."
The network did not get up for 10 days. After that, 10 days more Polo s offline. So obviously something s being done. Now, I m not saying something s broken, this might be a very usual and regular way of implementing this stuff but I simply do not know that. Now, you tell me large Factom holders re not interested in knowing what s up? Is that really something people should argue here? Whether we should get informed about stuff once every two weeks or not? How is that bad? Why is that bad for Factom holders? Why would anyone NOT WANT to get informed by Factom every two weeks or so?

Here I ll stop cause if I continue I ll start calling you, mig5000, names as well and I m simply not that kind of person. I suggest you vent out a bit cause as soon someone rattles your cage and disagrees with you, you start insulting people.

Cheers bud.

I usually try to avoid conflict , but you are the biggest asshole and idiot I have encountered in years of BTCing and had to say it. You are acting like a spoiled kid. Everyone is trying to help you, yet every day you come back with your same bickering. Everytime there is a couple days period w/o news you come in here bitching. In fact if you weren't such a dumb tool you would see how much work is being done on the network. There was a reddit post with the most contribution to the github and FCT was there on top with BTC.  We don't have to hold your hand everyday because you suffer from your insecurity and anxiety.

Yes, factom is so awesome, ico was 0.0005 btc per token, current price is 0.003+ btc, huge gain project. The team is hard working and update on slack and twitter.

You re safe, do not plan to go to Factom slack, will continue winning here. Will notify you the moment I sell my Factoids so you can continue living your happy cyber life without my presence since you have been contributing that much to the entire crypto scene. Besides that, I d rather read something else here as well but THEY DONT POST WHAT S GOING ON! That s the whole point. But I guess some people hate transparency.