Factom, are you going to buy it? | Bitcointalksearch.org

sonic212

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Quote from: DarkHyudrA on April 02, 2015, 08:45:46 AM

No, I won't buy any Factum.
The idea is good, but I can't see people using it.
Its designed for business, but did they ever talked with a business to know that THIS solution would be accepted and a viable choice?

whether factom very bad for you so that you do not want to buy it. and I wondered about this.

wishxy

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Almost everybody were wrong on this thread about Factom and MadSafe.

entertainment

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Quote from: manselr on April 02, 2015, 12:14:54 PM

Quote from: dasource on April 02, 2015, 09:28:08 AM

Quote from: ?? on ??

Quote from: djemphol on April 02, 2015, 07:57:48 AM

I've been reading alot lately about Factom, one of the first applications build on top of the Bitcoin blockchain: https://koinify.com/?factom#/project/FACTOM

I think I'll throw in a few Bitcoins, the concept looks really nice. However, I have bad expiriences with ICO's so far.... People are often very eager to dump when they don't make profit immediatly after the project is released.

The presale has raised 780 BTC+ so far, and it has just started. At least the hype is there.

Whats your opinion? Are you buying some Factom?

How many IPO's have been successful thus far? Just saying. I think Ethereum was the only legit Bitcoin IPO, and even if it was legit, it means nothing in terms of it being a success.

MaidSafe is going strong ...

Maidsafe has been crashing since it peaked at 13k. I called it out that it was a bubble and it would go to pre bubble prices, it was pretty obvious.
Dont get me wrong MaidSafe is amazing but people in general is too dumb to get their heads around it if we still didn't got them on BTC. I believe it will shine very long term but for now its not worth the risk since you could get in a lot cheaper.

Sorry. You were wrong.

InceptionCoin

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Factom is interesting project but ico is useless? Why will companies buy factom tokens if they could fork the code and use their own?

removebeforeflight

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Tss; I'll take fanboy as a complement.

A immediate use case is a civil court proceeding (aka divorce).
Factom could provide transparent proof of process (who filed what, when)
and potentially is a backbone to secure electronic document access (orders). This kind
of thing is a *massive* problem across justice and healthcare.

I see factom as a building block. Your average joe doesn't care
whether his or her data is served up via oracle or sql*server. They
equally won't know that their information is being managed by
factom. But if it gets a solution built in a more expedient, reliable and
secure fashion it's going to get some traction. Hopefully
before more seriously funded products show up.

OROBTC

legendary

Activity: 2940

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...

removebeforeflight

While any comment of mine is worth less than the average person's here, I too like the IDEA behind factom.org, that of working with real businesses to secure some types of information to the blockchain. I am not competent to judge whether their technology (I have read most of their website and look at other info) will win in the end.

FACTOIDS are not of interest to me however. How about offering up debt or equity, factom?

There are two bright programmers who have some services more-or-less in this space:

bitproof.io

and

proofofexistence.com

You can see what their work looks like at their websites and take a look at what it looks like (OP_RETURN) on the blockchain at coinsecrects.org.

This hints to me that there will be substantial competition in the store-data-as-a-hash business. But, IMO, someone will make $$$ in this...

EDIT: Just now I see that factom now has a number of transactions (+/- 1:30 AM US ET) at coinsecrects.org.

tss

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Quote from: removebeforeflight on April 02, 2015, 08:36:31 PM

I can see a a lot of merit in the factom project. It's solving real world problems using the blockchain.
So put BTC their way if you believe in the project, but not as any kind of investment as it's likely isn't.

hey fanboy. what merit does it have? please enlighten us on the problems it solves.
i see no benefit except for other's profit.

tss

hero member

Activity: 742

Merit: 500

Quote from: djemphol on April 02, 2015, 08:24:36 AM

Quote from: BitcoinNewbie15 on April 02, 2015, 08:05:29 AM

I have also heard about factom. I just dont know where to find more information on it... I have searched the BTCtalk forums but no luck Sad

Factom.org

Quote from: djemphol on April 02, 2015, 08:25:17 AM

Quote from: AltcoinInvestor on April 02, 2015, 08:05:40 AM

Nope, I won't.

How many shitcoins they'll sell?
As much as they can!
Everyone can grab shitcoins with high prices. It'll turn out scam for sure.

Doesn't sound like you actually took the time to read about it.

doesn't look like you actually want people to comment freely. looks like you're a fanboy or shill. good luck with that.

removebeforeflight

sr. member

Activity: 696

Merit: 258

I can see a a lot of merit in the factom project. It's solving real world problems using the blockchain.
So put BTC their way if you believe in the project, but not as any kind of investment as it's likely isn't.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

I dont see the need for this in the marketplace anytime soon.

manselr

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Quote from: dasource on April 02, 2015, 09:28:08 AM

Quote from: ?? on ??

Quote from: djemphol on April 02, 2015, 07:57:48 AM

I've been reading alot lately about Factom, one of the first applications build on top of the Bitcoin blockchain: https://koinify.com/?factom#/project/FACTOM

I think I'll throw in a few Bitcoins, the concept looks really nice. However, I have bad expiriences with ICO's so far.... People are often very eager to dump when they don't make profit immediatly after the project is released.

The presale has raised 780 BTC+ so far, and it has just started. At least the hype is there.

Whats your opinion? Are you buying some Factom?

How many IPO's have been successful thus far? Just saying. I think Ethereum was the only legit Bitcoin IPO, and even if it was legit, it means nothing in terms of it being a success.

MaidSafe is going strong ...

Maidsafe has been crashing since it peaked at 13k. I called it out that it was a bubble and it would go to pre bubble prices, it was pretty obvious.
Dont get me wrong MaidSafe is amazing but people in general is too dumb to get their heads around it if we still didn't got them on BTC. I believe it will shine very long term but for now its not worth the risk since you could get in a lot cheaper.

rokkyroad

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Say NO to ICO.

Money thrown away on ICOs is killing cryptocurrencies. 99% of them turn out to be scams or die off before they ever do anything.

Minerjoe

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I probably would if I had any BTC left.

LiteCoinGuy

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In Satoshi I Trust

Quote from: djemphol on April 02, 2015, 08:24:36 AM

Quote from: BitcoinNewbie15 on April 02, 2015, 08:05:29 AM

I have also heard about factom. I just dont know where to find more information on it... I have searched the BTCtalk forums but no luck Sad

Factom.org

sometimes it is too easy Wink

inBitweTrust

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Quote from: fast2fix on April 02, 2015, 10:43:44 AM

i would say no. if you really want to buy this altcoin wait for it to get listed on exchange then you can buy at a lower rate/price. Tongue

With the added disclaimer of waiting for the first pump and dump after it hits the exchanges when it has completely capitulated from the hype, than it may be wise to invest if they are producing promising work. Otherwise, you are just day trading or gambling.

fast2fix

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Quote from: djemphol on April 02, 2015, 07:57:48 AM

I've been reading alot lately about Factom, one of the first applications build on top of the Bitcoin blockchain: https://koinify.com/?factom#/project/FACTOM

I think I'll throw in a few Bitcoins, the concept looks really nice. However, I have bad expiriences with ICO's so far.... People are often very eager to dump when they don't make profit immediatly after the project is released.

The presale has raised 780 BTC+ so far, and it has just started. At least the hype is there.

Whats your opinion? Are you buying some Factom?

i would say no. if you really want to buy this altcoin wait for it to get listed on exchange then you can buy at a lower rate/price. Tongue

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: ?? on ??

How many IPO's have been successful thus far? Just saying. I think Ethereum was the only legit Bitcoin IPO, and even if it was legit, it means nothing in terms of it being a success.

Even the legit and promising coins are an extreme gamble...

Ethereum has has many potential hurdles and weaknesses and may just end up being avoided because its superfluous and too complicated in favor of using oracles, sidechains, http://gavintech.blogspot.com/2014/06/bit-thereum.html, or incorporating scripts with https://github.com/bitcoin/bips/blob/master/bip-0065.mediawiki

Quote from: dasource on April 02, 2015, 09:28:08 AM

MaidSafe is going strong ...

Maidsafe is a very ambitious project with a lot of competition and therefore very risky. One other concern is that maidsafe is depending upon many patents which will drive many open source advocates like myself away from locked down and controlled solutions for ones that anyone can innovate with without permissions or paying royalties towards.

Factom is a huge gamble that also isn't worth investing in at the moment. Many of these companies are asking the users to fund the development of an idea unlike bitcoin where developers wrote the code without an ICO and it organically grew based upon the value and merits of the project.

dasource

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Quote from: ?? on ??

Quote from: djemphol on April 02, 2015, 07:57:48 AM

I've been reading alot lately about Factom, one of the first applications build on top of the Bitcoin blockchain: https://koinify.com/?factom#/project/FACTOM

I think I'll throw in a few Bitcoins, the concept looks really nice. However, I have bad expiriences with ICO's so far.... People are often very eager to dump when they don't make profit immediatly after the project is released.

The presale has raised 780 BTC+ so far, and it has just started. At least the hype is there.

Whats your opinion? Are you buying some Factom?

How many IPO's have been successful thus far? Just saying. I think Ethereum was the only legit Bitcoin IPO, and even if it was legit, it means nothing in terms of it being a success.

MaidSafe is going strong ...

trafficolaa

legendary

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Quote from: amiryaqot on April 02, 2015, 08:46:30 AM

Quote from: shogdite on April 02, 2015, 08:32:24 AM

Quote from: djemphol on April 02, 2015, 07:57:48 AM

The presale has raised 780 BTC+ so far, and it has just started. At least the hype is there.

A fool and his bitcoin are easily parted Wink

I wont be investing a single satoshi, every ICO is a scam until proven otherwise.

agreed with you there are so many example of ICO they just raised btc from user but never deliver so if anyone interested to lose his hard earned money then can go to invest in that project.

omg another ICO running there to raised money i already lost lot of money in shit coins so i will never invest in any crowd funding project.

amiryaqot

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Quote from: shogdite on April 02, 2015, 08:32:24 AM

Quote from: djemphol on April 02, 2015, 07:57:48 AM

The presale has raised 780 BTC+ so far, and it has just started. At least the hype is there.

A fool and his bitcoin are easily parted Wink

I wont be investing a single satoshi, every ICO is a scam until proven otherwise.

agreed with you there are so many example of ICO they just raised btc from user but never deliver so if anyone interested to lose his hard earned money then can go to invest in that project.

Topic: Factom, are you going to buy it? (Read 4144 times)