Post #22133

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Q4 2019 Report
Factoshi had a productive Q4. We continue to operate at 50% efficiency whilst contributing to governance and other community endeavours.

[B]1. PegAPI[/B]

Factoshi wrote and hosts a PEG price aggregator. The purpose of this price aggregator is to provide a price source to miners on PegNet. PegAPI was instrumental in ensuring that PegNet could fork to a free floating PEG price in early December. The price aggregator is open source and can be found [URL='']here[/URL].

[B]2. Factom Rust Client Contributions[/B]

Two PRs have been made to the Factom Rust client. The first of these added multiple utility functions for creating, validating and encoding/decoding addresses. The second addresses a bug in the Admin Entry type. Both PRs are still pending and need some changes due to conflicts that have since arisen.

[B]3. PEG Conversion Guide[/B]

I wrote a [URL='']comprehensive step-by-step guide[/URL] to converting FCT to PEG. This guide was cited routinely in the period leading up to the December fork.

[B]4. Growth[/B] was cited hundreds of times during Q4 as excitement grew over PegNet and FCT burn. During that time, monthly active users rose by more than 200%. continues to perform its function as an essential resource for community engagement and network transparency.

[B]A note on efficiency and productivity[/B]

Recently, several ANOs have lowered (or plan to lower) their efficiency in order to fund continuing development and operation at low FCT prices. Factoshi plans to continue to operate at 50% efficiency. However, in order to manage an increasingly tight budget, productivity will slow for the foreseeable future. This is an inevitable consequence of deeply strained resources. As such, until a time that more resources can be deployed, server revenue will only be used to pay for server costs, hosting and bug fixing, and various essential business expenses.
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