Quote from: Azael on August 05, 2016, 04:11:06 PM

Quote from: tempus on August 05, 2016, 03:35:04 PM

incoherent book

I only skimmed through that. As usual, you dance around the questions answering none trying to make me tired with a lot of text saying nothing. What an absolute waste of time and you completely miss the point. Which seems to be exactly your intention. Whatever, I am not gonna spend several hours trying to cure Dunning-Kruger.

Anybody wanting a long TLDR: if you're an investor in this project on the FCT side, you get the short end of the stick. You have no way of doing adequate diligence, and anybody telling you otherwise are confused. Any suggestion to improve investor protection is met by people telling you "how dare you demand anything!" and it is clear that these people work or collaborate with Factom in some shape or form. The end goal is to establish an atmosphere where the consensus is that Factom has already taken your money and done some stuff so now they owe you nothing so don't ask for any improvements whatsoever.

Here are the 5 biggest issues with Factom for investors:

Lack of transparency over entries making projections impossible
Lack of transparency over Factoms FCT holdings and future sales or previous sales making factoring in dilution impossible
Lack of transparency over how Factom INC and FCT work together
No user friendly wallet causing a systemic risk to FCTs since a lot is held on exchanges
No viable blockchain explorer nor rich lists

Lack of transparency over entries making projections impossible

You want something they can't give! They are in negotiations which are often under NDA's. How should it be possible to know how much demand there will be in future? They can't predict that themselves. Do you want them to publish guesses? I know what the reaction would be. They would called scammers who try to hype the price with promises.

Lack of transparency over Factoms FCT holdings and future sales or previous sales making factoring in dilution impossible

Man, they can do with that whatever they want to. What they can't do is run away and just stop development without getting a lot of problems. So, no reason to be scared here.

And to spread that they would dump is just stupid. Last time you spread that around was just hours before they published this:

https://www.factom.com/smartcontract-factom-announce-collaboration/

But of course. They don't only dump. They even do it right before they publish good news.

Lack of transparency over how Factom INC and FCT work together

What do you mean with "Factom INC and FCT"? FCT is here Factoids or Factom-open-source-project?

I'm not even able to guess where you see a lack of transparency.

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

The wallet works. It's nothing for total newbies, yes. But nobody says that total newbies need to buy. And: It's about the combination of Papermill and wallet. If you use both you are fast and safe. And they've said that there will be an improved wallet in future. And just some minutes ago Brian Deery showed that he is there to help if somebody needs help.

No viable blockchain explorer nor rich lists

There is a Block Explorer: http://explorer.factom.org

And a richlist? Because it says so much? Do you really believe in rich lists? Even I don't use just one address.

Your problem is more that you're damn greedy and without patience. You bought into it and you was supportive. But just a little while later your nerves are shot. You even speak about investor-protection. In Crypto! If you want to be safe: Don't invest in Crypto. That's it. And if you want to be near to safe with Factom, sell for now and come back after M3 and when there are the first companies who use the system if it all goes well. If Factom should fail you won't lose. If successful, you can buy in again. But of course: The price will be higher. And that is your problem. You want it all now. You want a higher price - now. You want to feel safe - now. You want them to publish their own holdings and all their plans and expectations and so on, while you show nothing but destructive lines here. You spread baseless accusations as facts.

I tell you why I feel safe, more safe at least than in other projects or even in Bitcoin: I made research. And I wouldn't ever post accusations without any base and as if it's about facts.