Quote from: boestie on October 01, 2016, 09:56:22 AM

registered to add to the fct discussions

Lets say Factom itself is dumping company assets (fct) in return for fiat.

They clearly need money for daily operations, where is this money coming from? Not the grant they've received from the Dept of homeland security (200K). This is intended for research purposes only and spendings need to be justified somewhat.

Factom raised close to a million dollars from banktothefuture, over 1 year ago. This was at a time the company couldn't exist without funding. Its fairly easy to burn through 1 million in a year.

I think Factom may be forced to sell to cover costs, and this can only make FCT more valuable in the long run. They may be forced to buy back FCT at some point, for burning purposes as more entry credits are used.

Am i missing something?

Yes lol they just raised close to 5 Mln. Enough to keep hiring team members