Quote from: BNO on June 30, 2016, 09:34:55 AM

Quote from: tempus on June 29, 2016, 04:09:08 PM

Quote from: Blazin8888 on June 29, 2016, 03:53:56 PM

(...) Will the use of FCT drive the price higher? (...)

Of course. Just one example, without saying that it's a realistic scenario for the next months:

If there would be 1 billion Entries per month, it would cost:

1,000,000,000 * $ 0.001 (costs per entry) = $ 1,000,000

That means: It would need Factoids for $ 1 Mio per month to convert into Entry Credits. At the current price that would be 909,090 Factoids which would be burned each month while there are only 73,000 new created Factoids each month.

.......

Could someone explain in detail how EC's are beeing created out of factoids? Its very mystical for me.

I can't give a technical explanation, but practically it's just a transaction: Factoids to an EC-address.