would be great if anyone from factom team could give us a rough ETA for m2/testnet. at least if it's likely to be launched within 2016 or not.
We tryed to get that answer many times but not working.
but who cares just wait till Factoids are x100 and be happy
well tbh i don't think x100 is realistic. i'm aiming for 0.016 or 0.022. tho those targets depends on when M2 will be launched. if it's not going to be released till Q1 2017 or so, i think we might see a drop to 0.002.
Actually it can go to 0.016 and still be x100
I can explain why i think it's possible, first of all the entry coin price is fixed at $0.001 so 1000 entry are 1$.
The inflation of the coin is 73000 each month (little less) this is also the burn rate eventually.
So now we know how the rates are we can only speculate on how much is it used, and base the price on that.
I will calculate it per month.
100,000,000 entry's = $ 1.369 fct (100,000,000 /1000 = 100,000 dollar / 73000 = 1.369)
1,000,000,000 entry's = $ 13.69 fct
10,000,000,000 entry's = $ 136.9 fct
100,000,000,000 entry's = $ 1369 fct
So my guess is that big company's like banks, insurance even IoT will eventually use fct simply cause its easy, already made, cheaper.
So my guess is that 1bn entry's will be placed on daily base.
30,000,000,000 entry's = $ 410.7 each Factoid.
I know call me crazy but ones it starting to take off, people will even hype it.
There are many interviews with the team and i watch almost all of them, Tiana and David both said there are company's asking us can we store a bn entry's on factom a day. (banks i guess) but no matter what they are there are more out there that wanna do the same.
Cause the fact its usefull for one shows its prob. also usefull for others.
But i would like to hear your views on this.