Post
Topic
Board Announcements (Altcoins)
Re: [SOFTWARE SALE LIVE] FACTOM - Introducing Honesty to Record-Keeping
by
compmaster
on 16/05/2015, 18:47:07 UTC


Factom ran a scam?


Why don't they go into details about what they're doing?

What was this bitcoin address used for?
https://blockchain.info/address/19ptpEcMdc2iaVasULu3DYxchUAtyNyXcU

Thank you very much for the support. On our blog and Koinify's blog you will find all the info you need available to read.
You should investigate a little more before posting nonsense in big, red letters, Sherlock. Smiley

Please provide an anchor reference link to the location of such information.

That address is not our sale address not sure why is it even mentioned.

How much transparency will factom/koinify go into about the funds raised? I would like to know why every BTC transaction happens. ICOs are highly susceptible to fraud & corruption. Did factom/koinify buy their own coins in a self sale and take back the BTC? I found this post that explains a dirty little secret that koinify uses. https://bitcointalk.org/index.php?topic=963493.0

Is factom going for full transparency? Is factom going to hide behind some generic overview of what the funds are used for? I would think factom now has enough funds to hire an administrator for public book keeping of their BTC transactions.


Factom is "creating a provably time-stamped record keeping system capable of maintaining a near real-time, unforgeable audit trail". Yet, Factom can't even make their own ICO transparent in near real-time.