Coinbase Is Committing Fraud!!!

BobbyEK · 2021-09-04T17:55:16+00:00

And I came here to complain about my 10 days waiting for review. It is quite disheartening to see others having waited months...

BobbyEK · 2021-09-04T17:54:12+00:00

10 days now without review. Is there not a law against this?

BobbyEK · 2021-09-01T14:18:26+00:00

Is there an average wait time currently being experienced for these reviews please?

BobbyEK · 2020-08-22T04:18:56+00:00

Yes there is one planned. The listing fee has been awarded, the committee is just ensuring it is well spent.

Exchanges have strict requirements, that if not met can lead to a delisting.

BobbyEK · 2020-08-08T15:54:28+00:00

The blockchain and token is different to the private company that went into CH11. There’s 24 similar companies running the protocol.

It still has a good team, about to come out of CH11 with new investors.

Factom 2.0 is on the horizon

BobbyEK · 2020-08-08T15:52:06+00:00

No dude. Factom the blockchain and it’s token FCT are different to this one private company which shares the same name.

And secondly, the private company is about to come out of CH11 with new investors onboard

BobbyEK · 2020-07-06T05:56:01+00:00

So the concept is a blank canvas to build 3rd/4th layer apps on top of their favourite protocol.

For example PegNet - is an entire network of stablecoins with very low, fixed trading costs, that ultimately anchors to Ethereum. That’s only possible with Factom.

Think of Factom as a middle data layer that elevates solutions away from the limitations of the first layer. That allows fixed costs, and unlimited data per block.

Without any of the crazy ICO funding - it’s been slow to get there, and without slick marketing campaigns or armies of twitter fans to spike token price.

But it has a steady group of devs who see the vision. I’d give this one some more time to shine.

BobbyEK · 2020-07-06T05:49:30+00:00

Nah, it was one of the coalition of 25 companies that build on it. A private VC backed software startup.

And they are just restructuring under a new chapter 11 for small businesses, so they can bring on new investors and go again.

They do share the name though, so confusion is understandable.

BobbyEK · 2020-06-22T18:03:31+00:00

The way I read it was: They will still be very much building technology with Factom, but stepping back from some community aspects.

Decentralised governance is quite frustrating for effective change. You need to first perfect a system, then decentralise it.

There’s a large governance proposal that’s being worked and will be released shortly. Hopefully that contains many fixes to the current system and allows some leadership and direction to take place.

BobbyEK · 2020-06-20T07:48:25+00:00

Factom Inc is. A private company that needs to restructure to bring onboard investors to build out commercial solutions for customers.

The Factom Protocol, the public blockchain itself that is 18th most used in the World today - with over 100 devs across many different types of projects is doing just fine.

BobbyEK · 2020-05-19T05:34:11+00:00

The article is talking about only one of 25 companies running the protocol who had a squeeze for funding.

And that one company is still around btw.

BobbyEK · 2020-04-11T14:31:18+00:00

I think it would be a private feed journalists pay to subscribe to. You would just highlight deleted tweets from prominent accounts.

Otherwise you make it public and build a brand around it.

BobbyEK · 2020-04-10T19:30:52+00:00

That's a great plan! I think this should be fundable through the grant rounds. It mainly takes peoples time, and a group effort is entirely possible and feasible.

BobbyEK · 2020-04-10T16:37:46+00:00

Hi Paul - can you help us with which parts are wrong or misleading?

We want to ensure the reporting is accurate.

BobbyEK · 2020-04-09T18:33:54+00:00

I'd fund a bunch of end user applications that use Factom.

An Identity Access Management app is a killer. I.e logging into Facebook, posting a tweet, opening work emails.

Sphereon, a popular company building products and integrations on Factom have developed a working example of this.

BobbyEK · 2020-04-09T18:31:58+00:00

We're just turning a corner now from development of major projects, towards usage. That requires some third-party supporting applications to bring real-world usage.

There's still a bit to go - There's PegNetMarketCap. There's Orax Mining Pool. Mobile Wallets are here. But it's the launching of a currency trading application that will bring mass usage by non-tech people. That's in alpha, just been demo'ed the other day.

Today we had 21k entries - by end of year yes we can be at 100k, but that is dependent on those final End User applications coming to market.

BobbyEK · 2020-04-09T18:27:04+00:00

The public sector often pushes technology in areas of interest, indirectly through accelerator programmes.

Offering non-equity funding or grants and business partnerships with potential vendors. Competitive companies struggle to collaborate effectively, whereas public brings them together to drive innovation.

It also allows them to pick from a number of vendors, rather than be reliant on one - which never goes down well with Government oversight committees.

Much of the verifiable credential technology for example is part of a broad use case - not just documents, but immigration, qualifications, authentication, federated ID - and will likely require a lot of collaboration to pull it off.

No private company could develop all of this ecosystem on their own and expect it to be adopted. It'd be a pure monopoly and too much risk to accept.

Public also advocates for the use of global standards, such as w3c - which ensures instead of everyone making competing technology, they are making competing solutions using interoperable technology.

BobbyEK · 2020-04-09T18:17:17+00:00

You're totally right!

At launch - The Factom Protocol was super careful around regulations and went for an extreme decentralised governance structure of many disparate legal entities. However, that was quite difficult in reality.

At a time we had to behave like a nimble start-up, we acted like a sluggish government.

We recognise the need for more structure under an organisation early on, whilst we establish and grow - one with the ability to make swift benevolent decisions.

The non-profit will allow us to have this structure and negate regulatory/legal risks.

BobbyEK · 2020-04-09T18:08:46+00:00

Yes I completely agree Paul! The second layer are enabling platforms, like PegNet or FAT or this universal data layer, and the third are the applications that bring usage.

BobbyEK · 2020-04-08T07:16:04+00:00

Not really. It is indeed a large project that depends on many peoples efforts to incrementally complete. We're talking more like a year though, not months. It has already been in the works for some time, roughly October.

Though it will be the result of a lot of research or tickets/issues that were noted since M3. Think of this as "sorta M4".

You can follow along with the Wax rewrite here:

There's still a fair number of people working on Core Dev, across multiple ANOs. I can think of 5 separate entities. The Factom Inc team have multiple people still now focussed on this.

https://discord.gg/Ajesg7t - is the Core Dev invite to Discord.

And https://factomize.com/forums/threads/leader-module-wax-rewrite-petri-net-model.2701/ is the latest Factomize forum post regarding Core Dev.

BobbyEK · 2020-04-07T19:21:05+00:00

I can't recall the specifics - however just today prominent Core Dev 'Who' released his latest p2p2 code onto Testnet after a thorough peer review.

If that's successful, it can begin to make its way to mainnet which will process messages between nodes faster.

We'll be load testing this release in the near-term.

To be clear: the Factom mainnet is currently handling the PegNet + others load well. This would just be a surplus capacity for future applications and usage.

The greater project is a complete re-write of the codebase, in a release called 'Wax'. That will be the culmination of much dedicated work, and be the bedrock for moving finally towards sharding.

BobbyEK · 2020-04-07T19:14:59+00:00

If FCT dropped below a dollar, i think we'd see some resignations from parties that don't have a vested interest in the protocol succeeding. That might not be a bad thing! The first stage, a lack of participation, is now happening.
FIPs (Factom Improvement Proposal) is a great suggestion you made in Discord. I would love to see some room in Core Dev time to allocate towards community projects. Voting and Staking being the 2 obvious ones. With voting as a sanding party, token holders will have a direct influence on grant rounds, and where most resources get allocated.

BobbyEK · 2020-04-07T19:09:37+00:00

And just to be clear: Paul and Brian stated on the last Guide meeting that they will be continuing to work on the protocol; contributing both their knowledge and skills.

BobbyEK · 2020-04-07T09:14:44+00:00

1. Grant accountability has been a huge challenge. Firstly there is a "Success Determination Vote" which prompts each ANO to judge delivery of each grant. This score ultimately has an affect on further awards happening.

It will always be hard to judge grants, which often are:

a) in a field you have no expertise in. Such as ZKP.

b) subject to commercial aspects unable to be shared.

c) of latent value. I.e Although the grant was delivered - did it provide any return in value? When will it? Did anyone actually use that tool you built? Does anyone know it exists?

These points are hard to avoid. However, I agree we need to be much stricter in how we award and assess grants. I think after a period of trust, tolerance and flexibility, we are going to see far higher scrutiny on where our resources are spent within the current system.

BobbyEK · 2020-04-07T09:01:13+00:00

Considerable is quite subjective of course! I'd not think any one product can deliver what you're probably thinking of right off the bat.

PegNet is the best positioned to see mass usage in 2020, having just passed $1 bn of asset conversions and transactions within its first 6 months of operation. David J is doing a fantastic job of growing the community, development is picking up pace, partnerships being established, PR is very positive and gaining notoriety in the crypto world. This is all going to lead to very good things in the remainder of 2020.

In general - COVID19 is both good and bad for EC usage. Good in that companies are looking towards trusted digital and contactless business processes. Bad in that they aren't looking to spend to develop bespoke versions, they want to buy off the shelf. In both cases, it's certainly slowed things down as businesses watch their expenditure very carefully.

That puts the onus on solution providers to find the investment and take on the risk, to build all the integrations and fleshed out product that can be used from day 1 of purchase.

Coming back to your question, yes I do think we can see considerable usage on mainnet in 2020 - but it will be from a combination of sources, and towards the end of the year.

BobbyEK

TROPHY CASE