TFA is reducing efficiency by 10%. This change is to help compensate for the declining token price so we can continue hosting important services for the ecosystem (see our previous update for a comprehensive list), as well as continue to develop our Factom based IOT-SAS solution.
I have decided to step down as Factom guide effectively immediately.
These past years I have tried to the best of my ability to improve the protocol and governance, and at times the work has been very rewarding. I have made a lot of new friends in the community (and I appreciate those friends...
Please see the attached suggested updates to Doc 100 - Guide Election and Removal Process (v.1.1).
The changes are marked down, and here is a TL;DR version:
Added document control matrix and updated versioning.
Guide terms are reduced to 6 months (from 1 year) with terms...
In accordance with Doc 005, section 2.8 a vote was held during this weeks governance meeting, deciding if the amount of Factom Authority Node Operators (ANOs) should be increased or not.
The 4 guides present in the meeting voted unanimously that the number of ANOs should remain unchanged for...
This is the poll for electing the new Factom Testnet Administrator in Q1 2020.
The candidates statements regarding their motivation for becoming Testnet admin and the Q+A is available here.
All standing parties may vote in this election, and they may support one or both of...
The Guides are hereby announcing the first Factom Testnet Administrator (TA) Election in accordance with the recently ratified Doc 007 - Testnet Governance document.
Please read Appendix 8 of Doc 007 thoroughly to understand the election process.
The TA is currently not a...
During the process of initiating a Testnet Administrator election it was realized that there is an issue in the process as described in Annex 8 in the Testnet Governance Document.
The short version is that the main body of Doc 007 states that the Testnet Administrator is...
Its time to calculate the exact payout block and FCT to disperse in grant round 2019-04. It needs to be published by the guides tomorrow, 12th of November at 23:59.
I believe we need to use a block divisible by 25, is that right @Brian Deery?
Calculating payout block:
The past 1.5 years I have represented The 42nd Factoid as a Factom Guide to the best of my ability.
When initially elected I reduced my commitment at my day job by 20% to be able to accommodate the new workload, and for some time this was viable due to the guide remuneration...
The next Factom grant round (2019-4) is here!
The application deadline is 2019-11-04 at 23:59 UTC.
Applications are submitted via the Factom Protocol forum here: https://factomize.com/forums/grant-pool/.
In this round an estimated 110 000 FCT will be available (the exact amount will be...
Previously, and in the current newest draft of Doc 001 (our main Governance document) there has been added links that points OUT from the document.
@Brian Deery (Factom Guide) has voiced that he does not agree with this practice for two reasons:
1) It leads to "circular links/logic"...
Earlier this summer, a working group named “On-Chain voting working group” was created with the mandate of exploring how to add FCT holders as a Standing Party in the Factom governance system. The working group has 10 members from the community.
There have been a lot of robust...
Factomize LLC, Centis BV and The 42nd Factoid AS are co-sponsoring an ANO Election and Demotion System and hereby put the associated governance document up for ratification by the Factom Standing Parties.
The suggested document has been quite extensively discussed already in...
Dear Factom Community,
The next Factom Grant round (2019-3) is upon us! - and everyone may apply!
This round we will utilize the Factomize Forum Automated Grant System created by Factomize LLC as a grant awarded in the previous round. Note that all applications have to be submitted via this...
ANO selection round #3 is now in the rear mirror and it resulted in 4 new ANOs being elected.
After a process has concluded it is a good idea to get some feedback in terms of what worked well (and what didn't) during the process so we can take that into consideration when building...
We (Niels/Tor) have had a (somewhat heated) discussion about what FCT-amount to make available in the upcoming grant round.
The facts are these:
- On the 10th of May the Guides will make an announcement stating how many FCT will be dispersed in the upcoming grant round.
This is the ratification thread for Doc 107 - Factom Grant Process.
The document is based on the previous single use grant process documents, but differs from those due to the fact that it is a normal (i.e not "single use") process, which will cover all future Factom grant rounds...
As most of you know the previous grant rounds have been regulated by single use process documents approved by the community prior to the grant round commencing (doc 152, doc 153). The reason for this was that the grant process was immature, and we had not yet figured out many of...
Legal Entity: The 42ND Factoid AS (LTD), incorporated in Norway.
Guide Representative: Me (Tor Paulsen)
I will keep this application short, as most of you all know what I bring (and not bring) to the table as a Factom guide, due to the fact that I am...
This is an official #coin-raffle thread for Draw #11- 2019-02-15.
This ‘draw’ will take place on the 15th of February at approximately 2100 UTC. As a reminder, this will be in the form of a TFA-member like myself making a comment indicating that the raffle has closed for the day. A...