Hysterical FUDDER here.


The idea that I am in cahoots with the dumper/manipulator is laughable. Starting from a couple of days ago, I started raising a couple of major concerns about the company and the coin. Why would the dumper want me to do that before he dumps? er.......

The first concern that I raised has at least been addressed by the company and devs and I'm really happy they've responded. When a large percentage of the coin is held by just a handful of people and that coin is being regularly dumped on polo, the suspects list is rather short. Now not one person on here could provide evidence that they (the factom team) hadn't been the ones behind the price manipulation at polo. And in fact, no one seemed to really be aware of any company statement regarding the selling of factoids on the open market. Isn't this a crucial piece of information? Wouldn't you expect the company to have made a public statement regarding its policy on the buying and selling of factoids? Maybe I've missed this statement in the past, but I'm happy to see they have now stated unequivocally that they don't sell factoids on the open market. That at least is something.

The second concern raised (by Grossbit I believe) has not been addressed and the market will continue to punish factoid hodlers for this. Obviously like all Crypto and most investments, factoids are speculative. But it would be nice if we could see some kind of projected use of entry credits from current deals that the factom team has signed with prospective clients (to their credit I might add). Because we're all very aware that to sustain the current price at an inflation rate of 73k per month, you'd need about 200 million entries per month. Could the team provide any hints as to whether that is an attainable goal?

Oh and one more thing. Blaming whales for manipulation, then talking proudly about the immense buy support that factom has is pretty funny. You can't have it both ways.