How intertwined do you guys think the Factom INC valuation is with FCT as a currency?


Both is connected to the use/demand of the system. Factom Inc. won't make money if nobody would want to use Factom and the other way around. The more Customers for the system, the more chances for Factom Inc. to be the one to go to get software and Entry Credits. So, it's more than just connected. It's dependent.


How many entries per month is made by Factom themselves?

Most of it. Paul Snow said that on Twitter ("Most are ours, true.  But placed in by the same rules as anyone.")

Most will be testing. Even the companies are most likely more testing it. The number of Entry Credits is no indication until now and the system is not even finished. But what it is an indication are all the news about partnerships, because it shows that there is interest. I've thought a lot about potential negative scenarios, potential reasons why Factom could fail. But it wouldn't be because of a lack of general demand for such a system. It's all about quality. Something like Ethereum experienced with theDAO and the HF shouldn't happen to Factom. After I've recognized Factom and thought about it, one point was competition and if that could be a problem. But I doubt it, because the general demand is very high. There is enough for everybody. And the good news also is: Factom seems to be leading and more complete than others.


Do you think we are getting the short end of the stick as currency investors vs company investors?

I think the other way around. I thought about investing in the share sale. But to do that I would have to sell Factoids. And I decided not to do that. About the value it's this way I believe:

Factom as company will make money with coding software for the system and with selling Entry Credits and so on. If they will be very successful it will be because of high demand. They need to promote the system to promote their business as a company. At the same time: It's possible to use the system and to have high demand without hiring Factom Inc. A bank can pay their own Developers to build applications they need and nobody needs to buy EC's from Factom.

So, I believe that the shares are a buy because I believe that Factom as company has high chances to be successful. But if they will be successful the system will be successful. And if I need to decide between buying and holding shares or buying and holding Factoids I chose Factoids. Besides the fact that FCT's are much more flexible and easier to move and to react with, the Crypto-market is more dynamic and involves some potential chances because of the psychological aspect (let's say it overdrives good news into a pump).

And the price for FCT's will be connected to the demand like the shares and in best case-scenarios even more. Because, again: It's theoretically possible that there will be high demand for the system but companies and other customers use software from other providers. All Dev's on this world can develop app's. And "everybody" can make an Entry Credit - Store (not really because it's likely that there are some regulatory problems, in some countries more than in others).

Under the line I think that it's a perfect combination and Factom gives a lot for free. Because they provide an open source system that everybody can use and that gives a lot of free opportunities. Their business is that they are the leading experts and the one to call to get expertise and software. But if you are a skilled Dev and you make a great app that would be widely used and you sell it --> you get the money and you don't need to pay Factom anything. They would benefit as Factoid-holders.

So it's a win-win-situatoin here. I don't see weak aspects.


And if you say something like this:

"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."

My impression is that you are not informed. I mean, what does it mean to "know" the team? Nobody knows them personal. But that's true for all Dev-teams in Crypto. Does anybody know Vitalik Buterin besides his videos and posts? Nobody knows who Satoshi is (Craig Wright showed up again just btw). But you can figure out how they act and are. Just watch all videos with Paul Snow, Brian Deery, Tiana Laurence, Peter Kirby etc. Read what they write. You won't find dishonesty or a lack of professionalism or a lack of abilities. They are professionals and they have ethics. Much more than most of us. I really focus on that and I digged deep. And I've never seen such a combination of professionalism, skills, hard work, expertise and honesty. There are other great teams in this market. But Factom is by far the best I know of. I would like to spread the normal risk a little bit more, but until now I didn't find something that is on the same level.

And the question if they will make you money - I don't understand that attitude. They don't work for making money for us, they work for themselves. And there is no need for making friendships here. It would be enough if Investors and Traders and Speculators would be a little bit more professional. And the better they, Factom, do their job the more you and I will benefit from the value they are creating while we as speculators are a side-effect of the decentralized system but without adding real value to it. Without any real work we have a lot of chances here.
 
And just to prevent your theories about me: I really think this way and that's the reason why I write this way.