Quote from: sloper on October 11, 2015, 08:09:34 PM

So anybody have ideas on how different use-cases may warrant different entry frequencies?
Or, is everybody assuming most factom users will put in an entry every 10min.

6 entries/hr * 24 hr/day = 144 entries/day

vs a utilization rate of 1 entry/day is a drastic difference in uptake of factoids.

Would a title registration company really have a need to update every 10 min?
Even if you were proving the starting timestamp of a patent idea, artwork, or whatever, I'm trying to understand why I'd need anything more than 1 entry/day.

What are people's thoughts and expectations on this?
The only counter I can think of is that even 144 entries/day is only $14.40, which is not a whole lot for proving honesty and goodwill--yet still comes off to me as somewhat overkill.

As far as I understand it's about the volume. 1 KB = 1 entry-credit = let's say $0,001

A file: let's say 200 kb = 200 entry credits = $0.20

That's wouldn't be much... But most of all files have much more volume. And think of a hospital and than think of 10 hospitals, other companies, thousands or even millions of private persons with personal stuff. Some little girls who like it to write a diary. Some pensioners who write testaments. Authors of books, or journalists etc. The potential demand is really everywhere. Or just think of important emails. Maybe there will be an entire e-mail-system about factom.

The thing about this project is: It doesn't look that "sexy" on first sight, but the idea really has huge potential.

For me there are two relevant questions:

- will they be able to realize it that way?
- will there be others who make it better and/or cheaper?

If they will realize what they've planned, without hard setbacks, and if they're on top of this technology, there will be demand and it will be used. I have no doubt about that. And there is also a lot of potential for a lot of other features. In best case there will be other Devs who will build applications on top of it. Maybe, just a little idea: Screenshots... proof about existence and time included. Or maybe a photo-app for a cellphone. You make a photo and it would be instantly signed by Factom "as it is" and who it made and when it was made. No more doubt about photoshop and so on. There would be proof about it that it's no fake in any way.

I don't know much about coding etc., but I believe that there really is a lot of potential in the base-idea and that there is a lot of potential in possible innovations that could be build on top of it. And theoretically it could have use for nearly everybody.

Privatpersons and companies, banks or even governments. I doubt they want it, because it's part of their "business-model" to lose files or change or fake them, but maybe... "honesty is subversive" ;-)