Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping
by
MisfiringNeuron
on 21/03/2016, 01:49:45 UTC
Factom employees appear to have been trying to talk down the price of Factoids for quite some time now.  I've finally listened and sold most of my holdings.

From what I ascertain, a Factoid isn't meant to be worth $100.00.  It is meant to be a lot like Tether and fluctuate mildly around a certain price.  I believe that price is $1.00 per Factoid which is why Factom employees have been talking down the price.  They don't want anyone to get burnt too bad as milestones are reached.
I think when milestone 3 is released this may be the case as inflation begins and factoids will be burnt to control this.

Exactly.  When inflation begins the system self corrects on each end of the spectrum to maintain a near-constant price to make it easy for businesses to budget.  It would look very bad for Factom if the price of Factoids went up to $25.00 and when milestone 3 hits, they crater to $1.00.  This is why I believe they are talking down the price and aren't catering to speculators at all.  They are being proactive.

Remember, Factoids aren't how Factom makes its' money.