Quote from: MalReynolds on April 14, 2016, 09:58:15 PM

Quote from: tempus on April 14, 2016, 09:45:23 PM

And for me as somebody who is highly invested in Factom it's surprising to see Lisk that much above when it comes to public attention. Does that mean I would like to swap my FCT's for Lisk? No way! In my eyes Factom is the best project in the market and attention is not everything. That's also true regarding Ethereum. I bought into the Lisk-ICO because of the sidechain-design. I like it simple and smart. I don't believe that over-complex systems has a chance in longterm and that's the reason why I don't buy ETH. I believe to see some signs for huge setbacks out of it's complexity.

What I try to say with this: Yes, Ethereum has a lot more attention than Lisk and I don't believe that Lisk will come even near to that in the next 12 months. But if I should make a decision, based on the assumption I would have to buy a project now, but would not be allowed to sell it the next 5 years, my first decision would be Factom. Second Bitcoin. Lisk will show the next time/months what we can expect. ETH will also show and I believe it's highly overvalued and that it will come back.

I appreciate your thoughtful words. I have gone off to learn a very small amount about Factom. I certainly agree that is is an important project - providing a way to store bank and government data in a way that proves there has been no tampering when recalled.

Let me ask you these questions. Wouldn't you agree that Lisk can do exactly what Factom is trying to accomplish in a Lisk Dapp using an infinite number of sidechains? What advantage does Factom have over Lisk by staying tied to the Bitcoin blockchain with its slower blocktime and huge, wasteful infrastructure?

I am not trying to start a flame war, I am genuinely curious. Factom seems like a great idea - and one they probably would have tied to Lisk instead of Bitcoin if Lisk had been around when they started development work. Would you agree?

Important is: Factom is not tied to or dependent of any Blockchain. They are able and will anchor in multiple Blockchains and they've already announced that they will also anchor in Ethereums Blockchain. It just has to make sense out of the extra-security-aspect. So, if the Lisk-Blockchain should fulfill that it's possible. But Lisk is, like Factom, a limited blockchain and there are some similarities between the Lisk and the Factom- design - what I like, because I believe it needs simplicity for stability.

In general, the reason why I believe that Factom is such a great project is not just because of it's base-idea. That is pretty simple. And of course, I believe it can theoretically be done with a Lisk-Dapp - not sure about that but it should be possible. But the thing about Factom is that it's so elegant and thoughtful. They have solutions for every little aspect, they have a great and very dedicated team, they have marketing, they have relationships, they are definitely not focused on the FCT-market price but on real deals, and so on. With other words: It's not just about the question if other projects could theoretically do what Factom does, but about the question if any project will be as good in that as Factom. And Factom is also about a network-effect. The more customers they have the more sense will it make for others to use Factom as well, not just to record data but also to connect it. And in that aspect, the business-side, Factom is much better than it is visible at the moment. They already have deals but more interesting is about what they can't talk about currently.

Some words about Lisk: Some of the qualities I see in Factom I believe to see in Lisk as well. My decision to invest in the Lisk-ICO was based on mainly two reasons: I believe in the base-design, because (like I've said) I believe in simplicity and regarding blockchains that means a stable Core plus Sidechains. And I figured that the Lisk-Guys are very good in marketing, very dedicated and diligent and serious about this project. So, there is nothing to say against Lisk and I believe that it's possible that Lisk will have a higher marketcap than Factom soon. But in longterm, Factom will still be my Number 1 (before Bitcoin). That could change over time if Lisk should turn out as a huge success. At the moment that's still uncertain, which is normal. Lisk has not even launched and the team needs to grow. That will be an important aspect, also when it comes to the question if Lisk has chances against Ethereum. In the end, if there is a good idea, and I believe that Lisk has a great vision, it will be all about the team.