Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping
by
tempus
on 05/08/2016, 15:50:45 UTC
Lack of transparency over entries making projections impossible

See this doc:
https://docs.google.com/spreadsheets/d/1RUZLxxoAfT3C5jIJ144DLYdztYe_sqrKqbTlZuD05-s/edit#gid=445871101

No user friendly wallet causing a systemic risk to FCTs since a lot is held on exchanges


This thread has some answers:
https://www.reddit.com/r/factom/comments/4tim4z/factom_series_a_and_its_valuation/d5zqsqi?context=3

Hope that helps! Smiley


That google document doesn't say much as it is mostly Factom putting in their own entries. Take Enron for example, they filed for bankruptcy 2001 so we can conclude it's definitely not them buying credits to put something there. Same likely goes for several others so how many are actually real customers burning ECs?
"Chinese markets" and "Enron" are the largest with 495k & 681k entries.. followed by "Poloniex" and "Bitcoin Average".. even the miscellaneous is moving like clockwork so seems likely that is Factom too. See my point?
 

Point is that Factom as a system is not finished yet. Of course there is a lot of testing and not that much real business for now. But the partnerships show interest. I don't know of a project that comes close to that.