The difference between going "all in" with a PoW cryptocurrency vs an ICO is that you invite scammers to target the technology. It's the same as the premined altcoins. I suppose if they offer a burn address for bitcoins that will suffice as proof they are not scamming. But they have to actually give you a working token, not a placeholder token. So far, I have not seen this offer. So to say you are "all in" is purely hype. I will take back the pitchman accusation when there is an actual offer of working factoids that are either bought through PoB or capital investment in the FACTOM network and not merely a pump and dump ICO
This is why we are partnering with Koinify. We do not get access to any of the raise until certain milestones are met. The first milestone is a working protocol, with a working token.
So we do not get anything unless we deliver the value in the form of a working protocol.
Getting all the Federated Servers in place and the election process running actually requires a working protocol. That is the last milestone.
I hope that helps. We are not at all trying to scam anyone, and we are not asking anyone to "trust us! We can make it work!". The place holder token will exist only through the crowd sale, since we cannot create the genesis block until the end of the crowd sale. Then we kick it all off. If we are not ready at that point, we will get no money from the token sale until we are in fact ready and can boot the protocol. Then when the protocol kicks off, all the tokens are real.
I hope that helps.
That helps a lot. I'm still not clear why factoids are not considered cryptocurrencies and why bitcoins or off-chain Bitcoin contracts cannot be used instead.