Paul Snow - Market Driven Pegged Tokens (Texas Bitcoin Conference)
https://youtu.be/uszUt0GStJsEdit: He also answers questions about Factom of course...
Still trying to understand it all, but it almost seems like its just a play to try and bring more factoid burns to the network. He makes it sound like the only people who would maybe use these stable coins would be traders/speculators...
Let's look at it like this though, if it brings more users to the protocol than its a good thing for the price of factoids. Even if no one ends up using it, at-least its an added utility of the protocol.
There has been alot of development over the last year, sad to see price not reflecting at all.
Factom will use any excuse to fall in price - it is a sheep in Wolf clothing
These guys are just living off the ICO - it's a great life when you can print your own money
It's been around for 5 years and going nowhere fast.
1) Living off ICO-money? That's bullshit. Factom has not made much money during their ICO because they've done that in a time when markets were down and long before the ICO-hype, in Spring 2015. As far as I know they didn't get much more than about $500k. Compare that to shit-projects that are building useless Apps and got several millions or blockchain-projects like Tezos or EOS with ICO's about hundreds of millions.
2) Around since 5 years? No, also not true. Launch was in mid 2015, that is three years ago.
3) Going nowhere fast? Yes... but I believe that is true for all teams who are building real stuff. If you compare projects in this space you will not find that many that are already on a level to really get traction when it's about real usage. Some are making money, like Binance - but they are making money as Crypto-exchange. Some may have more partnerships but most of the time that is just testing - like it's also the case for Factom as far as I know.
Prices in Crypto don't reflect quality but money follows money, people tend to those who get more attention and that is often a question of exchanges etc. That's why one of the most asked questions of "Investors" is not about the quality of a project but "when Binance?" etc.