Here is an interesting forecast, from here:
https://bitcointalk.org/index.php?topic=850070.msg16092497#msg16092497
https://bitcointalk.org/index.php?topic=850070.msg16092497#msg16092497
Question: What's the upside potential of Factom?
At a billion per day instead of per month, we get 30 * $ 13.70 = $411.00 per Factoid...
Think that's unrealistic? Meet The CAT.
https://www.sec.gov/news/statement/stein-statement-open-meeting-cat-042716.html
http://www.pwc.com/us/en/financial-services/regulatory-services/publications/assets/sec-consolidated-audit-trail-2016.pdf
http://www.debevoise.com/~/media/files/insights/publications/2016/05/20160517b_the_sec_propose_%20the_cat_plan_but_at_what_cost.pdf
"The CAT Plan may become the most robust and complicated financial database in the world."
"CAT Reporters will be burdened for at least two-and-a-half years with both their existing $1.6 billion annual reporting costs and the $1.7 billion annual costs of reporting to the CAT, according to initial estimates by the SEC. The CAT will also carry a one-time implementation cost estimated at $2.4 billion."
SEC Consolidated Audit Trail (CAT) needs Factom.
CAT+Factom = $
per Factom...
So let's speculate 1 billion entries per month...
i = monthly inflation, 73k FCT
r = FCT to EC conversion rate, $0.001
e = new entries needed per month, 1 billion
(e*r)/i = $13.70 per Factoid...
After M3, at 1 billion new entries per month, factoids need to be priced at least at $13.70 to prevent deflation. Of course people speculating on future use will hodl and add to deflationary pressure.
i = monthly inflation, 73k FCT
r = FCT to EC conversion rate, $0.001
e = new entries needed per month, 1 billion
(e*r)/i = $13.70 per Factoid...
After M3, at 1 billion new entries per month, factoids need to be priced at least at $13.70 to prevent deflation. Of course people speculating on future use will hodl and add to deflationary pressure.
The main-factor will be the demand of Entry Credits. And besides an increasing attention that already happens and will continue, the market will react on all signs for a high demand in the future. And there are already some indications for that. More between the line, but still... David Johnston said in the interview that potential customers ask if Factom could handle a billion entries per day. And his intention was to explain Factom. I doubt that his intention was to hype the market, otherwise he would use a megaphone. But why should they (potential Customers) ask that?
At a billion per day instead of per month, we get 30 * $ 13.70 = $411.00 per Factoid...
Think that's unrealistic? Meet The CAT.
https://www.sec.gov/news/statement/stein-statement-open-meeting-cat-042716.html
http://www.pwc.com/us/en/financial-services/regulatory-services/publications/assets/sec-consolidated-audit-trail-2016.pdf
http://www.debevoise.com/~/media/files/insights/publications/2016/05/20160517b_the_sec_propose_%20the_cat_plan_but_at_what_cost.pdf
"The CAT Plan may become the most robust and complicated financial database in the world."
"CAT Reporters will be burdened for at least two-and-a-half years with both their existing $1.6 billion annual reporting costs and the $1.7 billion annual costs of reporting to the CAT, according to initial estimates by the SEC. The CAT will also carry a one-time implementation cost estimated at $2.4 billion."
SEC Consolidated Audit Trail (CAT) needs Factom.
CAT+Factom = $
per Factom...