<<  >> (p.317)
    Author Topic: [ANN] FACTOM - Introducing Honesty to Record-Keeping  (Read 2115957 times)

    • crazyivan
    Legendary
    *
    Offline Offline

    Activity: 1652
    Merit: 1007


    DMD Diamond Making Money 4+ years! Join us!


    View Profile
    November 28, 2016, 03:51:40 PM
     #6321
    Nah, this is just the usual pump and dump. Now we go down to under 30 again. Our favorite speculator s having fun again. I dont mind, just ride the wave. Keep these swings coming my friend.
    For security, your account has been locked. Email acctcomp15@theymos.e4ward.com

  • D-Lux
    Sr. Member
    ****
    Offline Offline

    Activity: 385
    Merit: 250


    View Profile
    November 28, 2016, 05:13:29 PM
     #6322
    Quote from: belowizard on November 28, 2016, 11:06:50 AM
    factom price will mainly be determined by its usage ........ this needs time and the only thing driving the current price is speculation. so I'm quite happy with the current situation and try to load up more whenever I can. when the time has come, it will rise. im talking post m3 in my opinion.

    I'm not sure I agree on either point. For the price being determined by usage, I think this is somewhat true, but only a sliver of the full picture. I'm not sure why this has become such a meme for FCT. No other crypto, BTC included, is measured to such an extent by its actual usage. Per market cap, FCT may very well have the highest usage-to-market-cap ratio in crypto already. Look at the 13 coins with a larger market cap here:

    http://coinmarketcap.com/

    Which ones have higher actual (non-trading) usage than FCT at the moment? This alone is pretty amazing IMO. And this is setting aside the very real reasons for a speculative premium (Gates, Draper, DHS, SMARTRAC, etc).

    I also disagree that M3 will be the trigger. Paul Snow called M2 "the capstone of this year and many others." Relative to M2, M3 is a more minor milestone (though obv extremely important in its own right).

  • crazyivan
    Legendary
    *
    Offline Offline

    Activity: 1652
    Merit: 1007


    DMD Diamond Making Money 4+ years! Join us!


    View Profile
    November 28, 2016, 05:16:16 PM
     #6323
    Quote from: D-Lux on November 28, 2016, 05:13:29 PM
    Quote from: belowizard on November 28, 2016, 11:06:50 AM
    factom price will mainly be determined by its usage ........ this needs time and the only thing driving the current price is speculation. so I'm quite happy with the current situation and try to load up more whenever I can. when the time has come, it will rise. im talking post m3 in my opinion.

    I'm not sure I agree on either point. For the price being determined by usage, I think this is somewhat true, but only a sliver of the full picture. I'm not sure why this has become such a meme for FCT. No other crypto, BTC included, is measured to such an extent by its actual usage. Per market cap, FCT may very well have the highest usage-to-market-cap ratio in crypto already. Look at the 13 coins with a larger market cap here:

    http://coinmarketcap.com/

    Which ones have higher actual (non-trading) usage than FCT at the moment? This alone is pretty amazing IMO. And this is setting aside the very real reasons for a speculative premium (Gates, Draper, DHS, SMARTRAC, etc).

    I also disagree that M3 will be the trigger. Paul Snow called M2 "the capstone of this year and many others." Relative to M2, M3 is a more minor milestone (though obv extremely important in its own right).

    I agree with this. After M2 gets out, we ll see how strong Factom is cause at that point it will be out in the market. The product will be finalized.
    For security, your account has been locked. Email acctcomp15@theymos.e4ward.com

  • D-Lux
    Sr. Member
    ****
    Offline Offline

    Activity: 385
    Merit: 250


    View Profile
    November 28, 2016, 05:26:12 PM
    Last edit: November 28, 2016, 06:27:18 PM by D-Lux
     #6324
    Quote from: mtnsaa on November 28, 2016, 03:41:03 PM
    Quote from: oneyesoneno on November 28, 2016, 03:09:35 PM
    Quote from: mtnsaa on November 28, 2016, 01:21:46 PM
    Quote from: Ahaezod on November 28, 2016, 12:27:07 PM


    Considering the evolution of the ECredits, apart from pure speculation, no reason for the price to pump yet.

    People are freaking out like if come M3 the inflation rate of Factoids was completely insane, it's around 10% per year if no EC are burnt at all (which basically means there's no project). So I would say a 5-6% is a pessimistic projection. With those numbers in mind and if they don't change, Factom would double its supply in around 10 years. 16-20 millions coins by 2025 is that crazy in terms of fear of inflation?

    Maybe I'm missing something.

    are u kidding me? Data don't stop. it will keep piling up day after day...
    I still remember when i first knew factom... they announced that they broke 3million data entry...
    and few months later which is today, it is already 5million++ data entries.
    Everytime Factom do a good job, the news will spread, and so... more usage.

    Of course people can speculate and freak themselves out,  but you will be surprise how far Factom will grow 1 year from now.

    Exactly that's what I meant, in a very pessimistic scenario inflation would be 6% per year, that's nothing and would take 10 years for Factom to double its supply. You see Dash and Monero having a 3 or 4 times Factom marketcap with more supply and that's just plain ridiculous.

    I would understand some caution if Factom would have a crazy inflation rate similar to Steem, but this is not the case at all and we are talking about the worst case scenario. The best case scenario is deflationary!

    I'm not sure how much sense it makes to talk about inflation with FCT. My understanding is that one of the reasons for the split FCT EC token system is to create a stable supply of available FCT. If usage goes up, price will have to go up in order to FCT supply not to be depleted. And vice versa. I'm not sure the supply would ever really "inflate," but rather, if usage dropped off, the price of FCT would simply go down, so that fewer FCT would be required to generate the same number of EC. The system is naturally balancing.

    More about this here: https://www.reddit.com/r/factom/comments/4zxi6e/fct_ec_and_the_factom_financial_ecosystem/

    One thing: this is ignoring price speculation. But again, given how this system is designed (market forces naturally moving FCT supply toward equilibrium), speculation is ultimately irrelevant to supply.

  • D-Lux
    Sr. Member
    ****
    Offline Offline

    Activity: 385
    Merit: 250


    View Profile
    November 28, 2016, 05:30:53 PM
     #6325
    Quote from: crazyivan on November 28, 2016, 05:16:16 PM
    Quote from: D-Lux on November 28, 2016, 05:13:29 PM
    Quote from: belowizard on November 28, 2016, 11:06:50 AM
    factom price will mainly be determined by its usage ........ this needs time and the only thing driving the current price is speculation. so I'm quite happy with the current situation and try to load up more whenever I can. when the time has come, it will rise. im talking post m3 in my opinion.

    I'm not sure I agree on either point. For the price being determined by usage, I think this is somewhat true, but only a sliver of the full picture. I'm not sure why this has become such a meme for FCT. No other crypto, BTC included, is measured to such an extent by its actual usage. Per market cap, FCT may very well have the highest usage-to-market-cap ratio in crypto already. Look at the 13 coins with a larger market cap here:

    http://coinmarketcap.com/

    Which ones have higher actual (non-trading) usage than FCT at the moment? This alone is pretty amazing IMO. And this is setting aside the very real reasons for a speculative premium (Gates, Draper, DHS, SMARTRAC, etc).

    I also disagree that M3 will be the trigger. Paul Snow called M2 "the capstone of this year and many others." Relative to M2, M3 is a more minor milestone (though obv extremely important in its own right).

    I agree with this. After M2 gets out, we ll see how strong Factom is cause at that point it will be out in the market. The product will be finalized.

    Yes, the product will be more or less finalized (minus election protocol), the Exodus wallet integration will be out (or shortly thereafter), Factom will receive 1/3 of their initial funding per completion of M2, clients and partnerships will likely ramp up, and the world will finally be at peace. Wink Exciting times ...

  • belowizard
    Member
    **
    Offline Offline

    Activity: 104
    Merit: 10


    View Profile
    November 28, 2016, 06:43:21 PM
     #6326
    Quote from: D-Lux on November 28, 2016, 05:13:29 PM
    Quote from: belowizard on November 28, 2016, 11:06:50 AM
    factom price will mainly be determined by its usage ........ this needs time and the only thing driving the current price is speculation. so I'm quite happy with the current situation and try to load up more whenever I can. when the time has come, it will rise. im talking post m3 in my opinion.

    I'm not sure I agree on either point. For the price being determined by usage, I think this is somewhat true, but only a sliver of the full picture. I'm not sure why this has become such a meme for FCT. No other crypto, BTC included, is measured to such an extent by its actual usage. Per market cap, FCT may very well have the highest usage-to-market-cap ratio in crypto already. Look at the 13 coins with a larger market cap here:

    http://coinmarketcap.com/

    Which ones have higher actual (non-trading) usage than FCT at the moment? This alone is pretty amazing IMO. And this is setting aside the very real reasons for a speculative premium (Gates, Draper, DHS, SMARTRAC, etc).

    I also disagree that M3 will be the trigger. Paul Snow called M2 "the capstone of this year and many others." Relative to M2, M3 is a more minor milestone (though obv extremely important in its own right).

    thanks for some new insights! Smiley

  • D-Lux
    Sr. Member
    ****
    Offline Offline

    Activity: 385
    Merit: 250


    View Profile
    November 28, 2016, 08:48:01 PM
     #6327
    Quote from: belowizard on November 28, 2016, 06:43:21 PM
    Quote from: D-Lux on November 28, 2016, 05:13:29 PM
    Quote from: belowizard on November 28, 2016, 11:06:50 AM
    factom price will mainly be determined by its usage ........ this needs time and the only thing driving the current price is speculation. so I'm quite happy with the current situation and try to load up more whenever I can. when the time has come, it will rise. im talking post m3 in my opinion.

    I'm not sure I agree on either point. For the price being determined by usage, I think this is somewhat true, but only a sliver of the full picture. I'm not sure why this has become such a meme for FCT. No other crypto, BTC included, is measured to such an extent by its actual usage. Per market cap, FCT may very well have the highest usage-to-market-cap ratio in crypto already. Look at the 13 coins with a larger market cap here:

    http://coinmarketcap.com/

    Which ones have higher actual (non-trading) usage than FCT at the moment? This alone is pretty amazing IMO. And this is setting aside the very real reasons for a speculative premium (Gates, Draper, DHS, SMARTRAC, etc).

    I also disagree that M3 will be the trigger. Paul Snow called M2 "the capstone of this year and many others." Relative to M2, M3 is a more minor milestone (though obv extremely important in its own right).

    thanks for some new insights! Smiley

    No problem!

  • zoose
    Full Member
    ***
    Offline Offline

    Activity: 163
    Merit: 100


    View Profile
    November 29, 2016, 01:07:36 AM
     #6328
    Quote from: Conurtrol on November 26, 2016, 03:22:15 AM
    Quote from: Shiroslullaby on November 25, 2016, 11:34:41 PM
    I'm actually amazed the price hasn't moved more with all the recent news...
    Factom just seems like it has so much long-term potential.

    I'm going to (finally) get off my ass and move my coins off the exchange since I don't plan on selling any time soon.

    I agree and recently took a position in Factom. It seems like one of the few cryptos with real world use cases and genuine high potential.


    Me too, hold on to your seats

    Cryptopia      ►  Exchange  Mineshaft 2.0   Marketplace   Rewards  CoinInfo   [[Bitcointalk]] [Facebook] [Twitter]
    ▪▪▪▪▪■■■■■■■▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄■■■■■■■▪▪▪▪▪
    Cryptocurrency Platform Services and Development 

  • Yazz
    Newbie
    *
    Offline Offline

    Activity: 22
    Merit: 0


    View Profile
    November 29, 2016, 01:13:27 AM
     #6329
    Three Things:

    First thing.

    Brian Deery, if you're here, well done for pushing through that Crypto Show interview. Those guys are the most unprofessional fools that talked complete dribble for 3/4 of the show.  You hardly had a chance to cover any topics of real interest with the constant interruptions. I refuse to listen to their show again.

    Second thing.

    Does anyone know when the dLoc presentation is at the Cannes Trustech event? I can't find Factom or Smartrac on the programme.

    https://j2c-com.com/trustechconfex16/presentation2016/pdf/programmeDetailgb.pdf

    Third thing.
    M2 please Smiley

  • CocoLibre
    Full Member
    ***
    Offline Offline

    Activity: 129
    Merit: 100


    View Profile
    November 29, 2016, 05:28:01 AM
     #6330
    Quote from: Yazz on November 29, 2016, 01:13:27 AM


    Does anyone know when the dLoc presentation is at the Cannes Trustech event? I can't find Factom or Smartrac on the programme.


    https://www.smartrac-group.com/pr/smartrac-to-take-security-and-convenience-to-the-max-at-trustech.html

    https://www.smartrac-group.com/event-reader/trustech.html

  • zoose
    Full Member
    ***
    Offline Offline

    Activity: 163
    Merit: 100


    View Profile
    November 29, 2016, 05:51:13 AM
     #6331
    Quote from: D-Lux on November 28, 2016, 05:30:53 PM
    Quote from: crazyivan on November 28, 2016, 05:16:16 PM
    Quote from: D-Lux on November 28, 2016, 05:13:29 PM
    Quote from: belowizard on November 28, 2016, 11:06:50 AM
    factom price will mainly be determined by its usage ........ this needs time and the only thing driving the current price is speculation. so I'm quite happy with the current situation and try to load up more whenever I can. when the time has come, it will rise. im talking post m3 in my opinion.

    I'm not sure I agree on either point. For the price being determined by usage, I think this is somewhat true, but only a sliver of the full picture. I'm not sure why this has become such a meme for FCT. No other crypto, BTC included, is measured to such an extent by its actual usage. Per market cap, FCT may very well have the highest usage-to-market-cap ratio in crypto already. Look at the 13 coins with a larger market cap here:

    http://coinmarketcap.com/

    Which ones have higher actual (non-trading) usage than FCT at the moment? This alone is pretty amazing IMO. And this is setting aside the very real reasons for a speculative premium (Gates, Draper, DHS, SMARTRAC, etc).

    I also disagree that M3 will be the trigger. Paul Snow called M2 "the capstone of this year and many others." Relative to M2, M3 is a more minor milestone (though obv extremely important in its own right).

    I agree with this. After M2 gets out, we ll see how strong Factom is cause at that point it will be out in the market. The product will be finalized.

    That's good news. Do you know if there was any information about there funding from Homeland Security?

    Yes, the product will be more or less finalized (minus election protocol), the Exodus wallet integration will be out (or shortly thereafter), Factom will receive 1/3 of their initial funding per completion of M2, clients and partnerships will likely ramp up, and the world will finally be at peace. Wink Exciting times ...

    Cryptopia      ►  Exchange  Mineshaft 2.0   Marketplace   Rewards  CoinInfo   [[Bitcointalk]] [Facebook] [Twitter]
    ▪▪▪▪▪■■■■■■■▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄■■■■■■■▪▪▪▪▪
    Cryptocurrency Platform Services and Development 

  • D-Lux
    Sr. Member
    ****
    Offline Offline

    Activity: 385
    Merit: 250


    View Profile
    November 29, 2016, 05:57:45 AM
     #6332
    Quote from: zoose on November 29, 2016, 05:51:13 AM
    Quote from: D-Lux on November 28, 2016, 05:30:53 PM
    Quote from: crazyivan on November 28, 2016, 05:16:16 PM
    Quote from: D-Lux on November 28, 2016, 05:13:29 PM
    Quote from: belowizard on November 28, 2016, 11:06:50 AM
    factom price will mainly be determined by its usage ........ this needs time and the only thing driving the current price is speculation. so I'm quite happy with the current situation and try to load up more whenever I can. when the time has come, it will rise. im talking post m3 in my opinion.

    I'm not sure I agree on either point. For the price being determined by usage, I think this is somewhat true, but only a sliver of the full picture. I'm not sure why this has become such a meme for FCT. No other crypto, BTC included, is measured to such an extent by its actual usage. Per market cap, FCT may very well have the highest usage-to-market-cap ratio in crypto already. Look at the 13 coins with a larger market cap here:

    http://coinmarketcap.com/

    Which ones have higher actual (non-trading) usage than FCT at the moment? This alone is pretty amazing IMO. And this is setting aside the very real reasons for a speculative premium (Gates, Draper, DHS, SMARTRAC, etc).

    I also disagree that M3 will be the trigger. Paul Snow called M2 "the capstone of this year and many others." Relative to M2, M3 is a more minor milestone (though obv extremely important in its own right).

    I agree with this. After M2 gets out, we ll see how strong Factom is cause at that point it will be out in the market. The product will be finalized.

    That's good news. Do you know if there was any information about there funding from Homeland Security?

    Yes, the product will be more or less finalized (minus election protocol), the Exodus wallet integration will be out (or shortly thereafter), Factom will receive 1/3 of their initial funding per completion of M2, clients and partnerships will likely ramp up, and the world will finally be at peace. Wink Exciting times ...

    For the DHS grant, this was the official announcement from Factom:

    https://www.factom.com/blog/dhs-s-t-awards-199k-to-austin-based-factom-inc

    Googling "Factom AND Department of Homeland Security" will also turn up some articles.

    I think there are a few threads on the DHS grant onr/factom as well, and of course you can search this thread ("DHS" is probably best term).

  • crazyivan
    Legendary
    *
    Offline Offline

    Activity: 1652
    Merit: 1007


    DMD Diamond Making Money 4+ years! Join us!


    View Profile
    November 29, 2016, 07:06:14 AM
     #6333
    As usual, good news achieves nothing, the price goes down again. I wonder if we expect too much from this project. What if this is the equlibrium price which will stay the same for a long, long time. After all, burning couple million Factoids can last 2-3 years. What if we have been too pink about our expectations?
    For security, your account has been locked. Email acctcomp15@theymos.e4ward.com

  • kerrang
    Newbie
    *
    Offline Offline

    Activity: 22
    Merit: 0


    View Profile
    November 29, 2016, 07:44:22 AM
     #6334
    its simple, market makers left the building, that's why the price is in a boring sideway with all the good news lol.

  • crazyivan
    Legendary
    *
    Offline Offline

    Activity: 1652
    Merit: 1007


    DMD Diamond Making Money 4+ years! Join us!


    View Profile
    November 29, 2016, 07:58:10 AM
     #6335
    Quote from: kerrang on November 29, 2016, 07:44:22 AM
    its simple, market makers left the building, that's why the price is in a boring sideway with all the good news lol.

    Good news should attract tons of new users and holders. How come it does not? This is one strange coin, everything which works in other markets, here means nothing.
    For security, your account has been locked. Email acctcomp15@theymos.e4ward.com

  • GrossBit
    Full Member
    ***
    Offline Offline

    Activity: 174
    Merit: 100


    View Profile
    November 29, 2016, 08:05:55 AM
     #6336
    Quote from: crazyivan on November 29, 2016, 07:58:10 AM
    Quote from: kerrang on November 29, 2016, 07:44:22 AM
    its simple, market makers left the building, that's why the price is in a boring sideway with all the good news lol.

    Good news should attract tons of new users and holders. How come it does not? This is one strange coin, everything which works in other markets, here means nothing.

    volumes on Poloniex are trending down in all coins...
    for the leader ETH, both volumes and prices is going down. It means most Polo traders are hurt.

    XMR seems to stabilize and has decent volumes now. but hasn't been able so far to take the new lead and go back to its Sep highs.

    If ETH or XMR rallies hard, FCT should start to rally in sympathy. It attempted a breakout from the downtrend line. Depending on how you draw it, you may argue we broke it already hence some buys today but it was quickly rejected which is not very bullish...not 100% clear yet, but it looks to me we may finally break it soon...resistance levels if we break 0.032 is around 0.037

  • crazyivan
    Legendary
    *
    Offline Offline

    Activity: 1652
    Merit: 1007


    DMD Diamond Making Money 4+ years! Join us!


    View Profile
    November 29, 2016, 08:08:33 AM
     #6337
    Quote from: GrossBit on November 29, 2016, 08:05:55 AM
    Quote from: crazyivan on November 29, 2016, 07:58:10 AM
    Quote from: kerrang on November 29, 2016, 07:44:22 AM
    its simple, market makers left the building, that's why the price is in a boring sideway with all the good news lol.

    Good news should attract tons of new users and holders. How come it does not? This is one strange coin, everything which works in other markets, here means nothing.

    volumes on Poloniex are trending down in all coins...
    for the leader ETH, both volumes and prices is going down. It means most Polo traders are hurt.

    XMR seems to stabilize and has decent volumes now. but hasn't been able so far to take the new lead and go back to its Sep highs.

    If ETH or XMR rallies hard, FCT should start to rally in sympathy. It attempted a breakout from the downtrend line. Depending on how you draw it, you may argue we broke it already hence some buys today but it was quickly rejected which is not very bullish...not 100% clear yet, but it looks to me we may finally break it soon...resistance levels if we break 0.032 is around 0.037

    I ve noticed this as well, most alts re going down, both in price and volume. There s no corresponding BTC price jump so this usually means calm sea before the storm.
    For security, your account has been locked. Email acctcomp15@theymos.e4ward.com

  • Capoboss
    Sr. Member
    ****
    Offline Offline

    Activity: 301
    Merit: 250


    View Profile
    November 29, 2016, 12:15:45 PM
     #6338
    Quote from: crazyivan on November 29, 2016, 07:58:10 AM
    Quote from: kerrang on November 29, 2016, 07:44:22 AM
    its simple, market makers left the building, that's why the price is in a boring sideway with all the good news lol.

    Good news should attract tons of new users and holders. How come it does not? This is one strange coin, everything which works in other markets, here means nothing.

    It is strange that the price doenst move but I see FCT as a vulcano waiting to erupt.

  • Ahaezod
    Newbie
    *
    Offline Offline

    Activity: 48
    Merit: 0


    View Profile
    November 29, 2016, 12:23:05 PM
     #6339
    As someone already said, the Factom project is not easy to comprehend.

    And two things: first, most of the factoids are on Polo. Second, if the trollbox is a good sample of the average polo investors, then don't expect the average polo investor to do much research on the coin he/she invests in.

    Coins with high face value, or highest market cap, have pretty much all the same project, to be a digital currency as bitcoin is, with an additional feature, or a limited field of application (Monero, zCash, Dash, LiteCoin, DogeCoin, Augur, Steem, PotCoin?). The idea is easy to get and can be explained with one and short sentence. Ethereum is a bit different, but again, easy to globally understand: it's fuel to lunch smart contracts.

    So even if I tell you that Bill Gates and other people support Factom, a project about audit, keeping record of files, with no direct use for you, investor, having a tricky business model, being an average investor who doesn't dig, you probably won't invest.

    That's my point of view. Price won't rise due to speculators activity, but rather with normal and organic Factom utilisation growth.

  • belowizard
    Member
    **
    Offline Offline

    Activity: 104
    Merit: 10


    View Profile
    November 29, 2016, 12:46:06 PM
     #6340
    Quote from: Ahaezod on November 29, 2016, 12:23:05 PM
    That's my point of view. Price won't rise due to speculators activity, but rather with normal and organic Factom utilisation growth.

    my further guess is, that once "normal and organic Factom utilisation growth" happens, the situation will be easier for new investors to grasp - and they will step in.
    Pages: « 1 ... 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 [317] 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 ... 470 »
      Print  
Page 316
Viewing Page: 317

IRLBTC™ © 2025 IRLBTC.com