How intertwined do you guys think the Factom INC valuation is with FCT as a currency?
How many entries per month is made by Factom themselves?
Do you think we are getting the short end of the stick as currency investors vs company investors?
You know I don't like how Factom doesn't want to show their currency side their bnktothefuture for example. I think we're the peasants here guys being used to create a distributed network someday. And I don't like how they say they don't care about the price of FCTs. How the F can you say that? Surely this is new territory and FCT is jumping hoops avoiding suits and fines but give me a break guys. We can still compare this to other things, like a CEO of a company telling it's shareholders it doesn't care about the price. By then I'd walk out the door but the thing about cryptocurrencies is that there isn't so many that aren't scams in my view. Like, a lot fall in the category of "possibly scams" thus I don't want to trade nor invest in them.
Anyway I'm beginning to have some doubts about the economic system behind FCT in other words I doubt the team. Will they make me money? The market already has but can the team take it to another level? I don't even know them and it appears like Factom doesn't want us to know them. It's like a wall between us and them.
Anyway I'll stick around to after M2 for sure to see if the community participation may increase in this project. Despite so many question marks, uncertainties and the digestion of information this pussy too good...
I'm no expert but most big successful companies focus on the product and the business side and don't market to investors unless they are raising funds so it makes factom more professional than other cryptos. It's like the opposite of ethereum with huge hype but not much practical business use yet, with factom theres no hype and very useful in business, which is a better investment?
It would be nice to have a little more care towards factoid holders but I'm ok with resources being focused on growing the business. The more the business grows the more the factoid supply decreases, so that is taking care of factoid holders. There was something John Snow said in a video that because the factoid supply will start inflating after M3 but also being reduced by the business growing (use of entry credits) that that would cause the factoid price to stabilise a bit. This peeved me as that seems untrue to me and more like a good opportunity for promotion missed. The factoid team simply need to generate more use of their system than the (future) inflation rate for the factoid price to rise. I expect they will massively succeed in this so I expect the price to rise massively too, why John Snow didn't say this I don't know, but it doesn't really matter.
There are 27 people on the factoid team and from what I have seen they are high quality folks.