Quote from: matt608 on August 03, 2016, 01:00:37 AM

Quote from: tempus on August 02, 2016, 11:27:39 PM

And a few minutes ago I've started the new video with Tiana Laurence:

IDC Q2 2016 S4 Disruptive Infrastructure Solutions
https://www.youtube.com/watch?v=w_gPYSaZAfE&feature=youtu.be&t=15m45s

After seeing the first minutes I believe it's damn cheap right now. I'm not sure how to interpret something she says there. That's why I won't make guesses here right now. But there is something that is interesting.

She says theres 27 people working there. LoL the price right now is a joke. She is also very well spoken an excellent member of the team herself.

Yes, but there is something that is more interesting. I just really don't know how exactly it's meant and how to interpret it. At about 18.30 she speaks about Bitcoin first, 7 transactions per second and scaling problem. Than she speaks about Factom and says:

"But we have customers that come to us and say 'hey, we got a trillion transactions a day that we want to secure (...)'"

Question is if she just speaks more theoretically about what is theoretically possible or if they really talk to (potential) customers who have to think in that numbers. I don't know enough about all those things. I mean, Visa handles about 180 Mio transactions a day and there are services whit numbers in the billions. But what could be about a trillion?

Next question is if transactions in that example would be the same as entries.

But, if she doesn't make a mistake there and if it's about a real scenario and not just a theoretical example:
She also uses the word "customers" - Plural.

I really don't know how to interpret it, but in best case they talk to (potential?) customers, more than just one, who think in trillions. Again, I doubt that it means entries. That would be very high costs if the price for entry credits wouldn't be reduced - which is possible. But with more than just one "big-data-customer" it's most likely more than just possible that it could be about billions of entries for Factom - per day.

And what I sometimes used as kind of best-case-example is the dropbox-upload-number. Dropbox has about 1 bn uploads each day. Maybe even more now because that number is old. And it's just one cloud-service and uploads are slow. So, it might be possible. I really don't know.

But what I'm sure about since I began to understand what this is about: Factom won't be about something in the middle with 20 customers who have to handle just 10k entries each. I believe that Factom, if high quality and successful, will be about very large numbers and it can be used for everything, all kinds of data. And there is no lack of important and time dependent data in this world.

For the Factoid-price there are "just" two important questions:

1. Quality of the system
2. Demand

But even if we can't know about how much demand it will be in future, I believe it's realistic to say: If point 1 will be positive, point 2 will be high.

Thing is: Factom won't give much if any informations about that until there is something safe to say. Every word would be hype. So we have to wait. But it won't be boring.