Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FACTOM - Introducing Honesty to Record-Keeping
by
MyFarm
on 13/10/2016, 14:45:41 UTC
Its a matter of principles. "At Factom, we make the world’s systems honest."

The word honest is everywhere on their HP. I had hoped their actions were in line with their words.
As I've mentioned previously, I'm of the opinion that the share sale discrepancy is a non-issue.  I would however like to comment on what you're missing here.

The, "World's systems" are dishonest because humans are dishonest.  At present, we have the ability to alter the past and present, creating distrust.  And it happens every single day.  Constantly.  Sometimes purposely, other times, accidentally.

What Factom is doing is working to remove the human element.  I guarantee you the founders of Factom know they are fallible.  Nobody is infallible.  As much as I try to be a good, ethical person, I know I can be corrupted or can make serious mistakes.  But if we remove that human element, that ability to change the past, the ability to corrupt data that it is imperative we trust, then something special happens.

You are fallible.  I am fallible.  The people at Factom are fallible. We are all corruptible.  But if Factom is successful with what they're attempting to do... for the first time in human history, our fallibility and corruptibility won't matter.  Because the, "World's systems" will be honest.

And that's why Tim Draper stated, "I believe that the Factom team has the opportunity and the potential to build a company greater than Oracle and Palantir and IBM combined.”