MalReynolds on August 25, Feel free to point out any mistakes or inaccuracies, lets be constructive and suss this out. EC's will always be one tenth of a cent I believe. So at the current market rate of 2. Now, I believe we started with million lets say 8. I think its reasonable to healthnautica blockchain stock that if you're using more than this, the price has to increase in order to get more entry credits from healthnautica blockchain stock factoids.
If you use healthnautica blockchain stock, then the price must fall. Now obviously its very early days and speculation is rife, but MalReynolds was estimating a quarter of a million EC's per day.
For just that one company. Its plausible but by no means guaranteed that we could have forty companies doing a similar thing, in which case we would have a higher price. Of course its also plausible that some other companies and there are a few although none are quite as far ahead as factom will find cheaper ways of anchoring proof of existence into daddy bitcoin's distributed unhackable truth machine.
You are echoing my healthnautica blockchain stock private musings except the number of companies would be 27 not 40 if you think about it.
And I still don't know if a quarter million a day is accurate for the main company we've got. Very bad for Factoid investors if true. Who knows what future data rates will be. Nobody - and it's the key to whether owning Factoids is the deal of a lifetime or only fools gold. WILL it get secured?
Why would that be bad? D-Lux healthnautica blockchain stock August 25, And the token supply can fall if speculators drive the price down until the price stabilizes. But in both cases, the stable price is when the value of the token matches the money real applications are spending to buy Entry Credits in order to put data into the protocol.
That is because the 73K factoids generated each year naturally trends to the value of the factoids drained from the supply to write into the protocol. If people are spending 1 million dollars to put data into factom per year, then 73K factoids should be worth 1 million dollars.
Once again, confusion over whether the inflation is 73K Factoids per year as quoted here or per month as widely quoted elsewhere. Sadly, this makes us all 12 times poorer than Paul would suggest once M3 kicks in.
It's just a typo Pauls Snow made. It's pretty healthnautica blockchain stock guys. David Johnson talked about companies wanting to enter billions of entries. Let's say 10 entries per EC so that means , EC's burnt per month just from companies Factom Inc is already talking to.
That means, within one year, I believe Factoids will be a deflationary digital currency. I healthnautica blockchain stock trying to value Factoids based upon the equations you guys are throwing around is very short sighted. How do I value Factom and how am I investing here? I am investing as if we're dealing with Microsoft, circa MyFarm on August 25, Why would you assume anything other than one entry per EC, which is the current situation?
I think Factom is a great idea but I am not really sure to be honest how anybody is making money here, or why the Factoid cryptocoins issued at ICO have any real value. Once M3 starts, the price of those Factoids created by inflation K per year can be priced at whatever "price" is necessary to make them generate the required number of ECs at 0. This "price" would burn all annual Factoid coins produced by inflation, and result in a sustainable steady state.
Thus ICO Factoids are functionally useless. There is no reason other than a psychological one to tie the price of ICO Factoids we hold today to inflationary Factoids that will be created tomorrow and burned to create the necessary number of ECs to run the Factom project.
I don't disagree with the Microsoft analogy - but holders of ICO Factoids aren't holding shares of Microsoft, they are holding 5 inch DOS floppy disks that will never be sold. No, they're not shares in Microsoft, you're right. But they're a representation of the value of those shares in Microsoft because if Microsoft is successful, that healthnautica blockchain stock a healthnautica blockchain stock bunch of people are using their software. From the Factom FAQ: Quote How are Factoids created?
Factoids will healthnautica blockchain stock created as a part of the crowd healthnautica blockchain stock. Secondly, Factoids will be healthnautica blockchain stock at a fixed rate and paid to the Factom Servers and Audit Servers for their work running the system, and to pay other incentives.
From a conversation I had with Brian Deery: MyFarm on April 17, BrianDeery healthnautica blockchain stock April 17, Factom is being built by experienced professionals with a history of delivering finished products. It is operating at the frontiers of technology as well. Factoids are not trying to be money. They are to serve as the hardware reward mechanism coupled with the user antispam mechanism.
Factoid value is a prediction on the use of Entry Credits. This is in contrast to Bitcoin being money; a store of value with lunar potential. That being said, I am predicting many Entry Credits will be used. I think I'll pick up a few more FCT. If and I don't believe this you are correct that ICO healthnautica blockchain stock are useless and won't appreciate in value the more the network is used, that's fine as well because I'll end up with healthnautica blockchain stock in Factom Inc.
Healthnautica blockchain stock really is simple guys. According to the people who created this system, the price of Factoids will increase as more Entry Credits are burned.
I believe a boatload of Entry Credits are going to healthnautica blockchain stock burned and as healthnautica blockchain stock, I am continuing to healthnautica blockchain stock Factoids and will for some time. Barring normal speculative fluctuations, if the number of EC's burned continues to increase but the price of Factoids healthnautica blockchain stock not, then Factom Inc has a problem.
He has been an instrumental principal for this integration, and over the years, he has given numerous presentations and tutorials on the integration of these two areas. LetŠ²s see how advanced they really are from their counterparts. This looks like the opposite case, using the max amount given by the slider.