That s what puzzles me. If Factom s really that good and this potentil s been recognized by several great names in the industry, how come XMR volume s 5x Factom or even more. It s gotta be related to the Polo margin lending which makes people keep their Factoids on the exchange, lending them for peanuts which supresses the price and consequently volume. Exodus s gonna change that big time and then we ll see the real market value of Factom. I ve got no other sane explanation.
I think best scenario if is Poloniex goes bust today or tomorrow. That'll burn some factoids at least from all the lazy holders not having used paper-mill. Thin out the herd so to speak
Oh boy!
But no, it wouldn't burn Factoids. If Poloniex would go down it would be because of a hack for example and in such a scenario it's likely that the hacker would be Factoid-Millionair and the price would crash. Another scenario would be some kind of bankruptcy out of another reason or an inside-job. But as long as they don't lose their keys to the cold-wallet for FCT - nothing would get burned. What they could do: Factomizing each and every trade that is done on Polo - THAT would burn Factoids. ;-)