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Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: mtomcdev on November 11, 2014, 03:03:45 AM



Title: [ANN] [GDGC] GadgetCoin | IoT | M2M |Smart Contracts on Hardware
Post by: mtomcdev on November 11, 2014, 03:03:45 AM
---- GadgetCoin ----
Digital currency for hardware, Internet of Things and M2M.
Zero pre-mine. Coin forging starts in June 2015
Total coin supply 97,210
Written from scratch in C, C++ and NodeJs.
Instant transactions, transaction time is under 1 second.
Smart Contracts.
No mining. Proof of Consensus algorithm (check out our white paper (http://www.gadgetcoin.org/Content/docs/whitepaper_v_1.0.pdf)).

QQ Group 148838719

Light, web UI wallet source https://github.com/gadgetnet/gdcwallet





According to Atmel, there will be 50 billion devices connected to the Internet of Things by 2020 and we aim to target this market.




Our first application
GadgetNet - Peer to peer Video Streaming










Handling video streaming IoT devices and web-cams for porn and gaming broadcasters

Our first partners using the GadgetNet technology are

 
www.streemo.net   and   www.jizzmo.net







GadgetNet P2P Streaming Explained (http://blog.gadgetcoin.org)


Gamechanger for Adult Streaming (http://blog.gadgetcoin.org)


Peer to peer video applications (http://blog.gadgetcoin.org)







Watch our introductory video!

http://i.imgur.com/FpbJBlr.png (https://www.youtube.com/watch?v=HwcypmCEGxs)








Web site
http://www.gadgetcoin.org/ (http://www.gadgetcoin.org/)


HTML5 Light Wallet at wallet.gadgetcoin.org (http://wallet.gadgetcoin.org/)







Anyone can forge GadgetCoin - no investment is required.



Read about forging (http://blog.gadgetcoin.org/forging-economy-explained/)


















Our development board

The developers believe that it is absolutely essential to provide support for hardware integrators and we are releasing our very own development board. Currently the development board is being manufactured and we aim to start selling it in Dec 2014.
We are targeting large companies, hardware integrators and the +10 million strong Arduino, Raspberry PI and Beaglebone Black hobbyist user bases with our development board.
Specifications:
  • STM32F4 ARM processor
  • 1024 kb flash
  • 192kb RAM
  • Embedded Zigbee and WiFi low power radio chips
  • Comes with GadgetCoin firmware
  • FreeRTOS or Nucleus RTOS (for commercial clients) options
  • Implements the Gadget Protocol


Download the schematics (http://www.gadgetcoin.org/Content/docs/gdc_devboard_schematics_v1.0.pdf)





The Proof of Consensus protocol

1. Manages transaction processing by performing transaction audit and approval.

2. Orchestrates a network wide counter-attack against malicious nodes.

3. Governs the distribution of the network fees. The GadgetCoin network charges hardware and Internet of Things devices a network fee for using the system. The collected network fees are fully shared with the peer nodes that validate and process the transactions. Only the transaction processing nodes will be eligible for network fees.

4. Allows fair coin distribution. All honest peer to peer nodes that participate in transaction processing can forge GadgetCoins - apart from the yearly interest, that's how new GadgetCoin supply enters into the market. The Proof of Consensus protocol provides incentives for keeping the network safe and assisting transaction processing.



The Gadget Protocol

The industry needs a protocol to facilitate communication between hardware and peer to peer networks. The Gadget Protocol defines the rules, syntax and semantics of the communication of hardware and decentralized peer to peer networks. By using the easy to understand and popular JSON lightweight data-interchange format to describe the protocol. Rules for data formats for data exchange, methods, callbacks, routing, authentication, access control, error codes and error handling.

We have approached the world's largest companies including IBM, Samsung, Sony, Siemens and Phillips to recommend our protocol for industry wide recognition. We will try everything we can to make our project relevant, get large industry players on board to adopt our open source smart contract technology.







STAY CONNECTED WITH US

Twitter (https://twitter.com/gadgetcoin)    Facebook (https://www.facebook.com/pages/GadgetCoin/1488338028120484)






Title: Re: [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: KeyserSozeMC on November 11, 2014, 03:04:40 AM
Gadgets are nice. If this can get a real life use it would become a special coin


Title: Re: [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: arteleis on November 11, 2014, 03:19:24 AM
Nicely done.


Title: Re: [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: IMJim on November 11, 2014, 03:48:38 AM
Seems it's been quite some time since I saw an ann that caught my interest.  Definitely got an eye out on this one.


Title: Re: [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: james42 on November 11, 2014, 07:49:37 AM
You say there is no IPO or ICO, yet to purchase the hardware a coin must also be bought at $5 each. Is that not the same thing?


Title: Re: [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: p8ntballer on November 11, 2014, 07:52:31 AM
At least it is not another shitcoin clone :)


Title: Re: [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 11, 2014, 10:32:46 AM
You say there is no IPO or ICO, yet to purchase the hardware a coin must also be bought at $5 each. Is that not the same thing?

Thank you for your question. What we try to say is that we won't be asking an upfront 100, 500 or 1000 BTC from investors via an IPO.
The coin must have a value and we aim to set it to $5 by selling GadgetCoin to hardware integrators, hobbyists with the development board, and then the end users can participate on the GadgetCoin Network and pay the network fees. Just like Ethereum will charges for network usage and collect "gas", the participating hardware modules will have to pay fees to execute smart contracts on the GadgetCoin Network. The network fees are as low as 0.00001 GDC for authorisation (i.e. to open a garage door via the Gadget Network), that means 1 GDC will be enough approximately for a year or so to operate an average home automation system. We believe it is reasonable to ask 1 GDC/year from a business or high end home for a secure, flexible, smart contract driven environment that takes out all the complexity of current hardware management platforms, and we hope pricing GDC to $5 is not over ambitious.

This is a very early stage of the coin and we are more than happy to take on board suggestions from the community to define the directions together. Please let us know if you have any more questions.


Title: Re: [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: qiwoman2 on November 11, 2014, 10:38:04 AM
This sounds really interesting and different. I would like to understand more on what the hardware actually does, is it a mining tool?  :)


Title: Re: [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 11, 2014, 10:55:54 AM
This sounds really interesting and different. I would like to understand more on what the hardware actually does, is it a mining tool?  :)


Thanks for your encouraging words  :)

Our hardware is a general purpose development board, that means there are many applications for the board, for instance, you can control a mining farm with it. As the schematics indicates we aim to give users a network enabled hardware module, it is especially suitable for sensor networks and Internet of Things applications. Hardware integrators don't touch new platforms without having a development board. Also, we target the +10 million strong Arduino, Raspberry PI and Beaglebone Black community.


Title: Re: [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 11, 2014, 11:12:38 AM
As I said in their thread too, I like BitBay and Tilecoin, the two other IoT coins and this one seems a very good idea too. The market is endless for IoT, as you said Gartner projects plus 20 billion connected devices. That's a lot of potential customers for this and other IoT coins.

I am a very much against IPOs that completely destroyed the altcoin market, so very well done for not collecting moneys up front!

I will read the white paper, it's quite long by the way and will come back with my questions.


Title: Re: [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 11, 2014, 12:00:35 PM
As I said in their thread too, I like BitBay and Tilecoin, the two other IoT coins and this one seems a very good idea too. The market is endless for IoT, as you said Gartner projects plus 20 billion connected devices. That's a lot of potential customers for this and other IoT coins.

I am a very much against IPOs that completely destroyed the altcoin market, so very well done for not collecting moneys up front!

I will read the white paper, it's quite long by the way and will come back with my questions.

Please don't hesitate to ask any questions, we will try to answer all questions and address all concerns. All suggestions are very much appreciated and will be taken on board, we aim to make this work by listening the community.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 11, 2014, 01:30:41 PM
I am reading your white paper, there are lots of info in that, probably too much.

I understand the revenue sharing smart contracts and it is a really great idea. On that note, does your smart contract technology supports multi level marketing (MLM) type of trading? Is it possible to set up multi level sale for the hardware services if I manage the hardware on the Gadget Network using the gadgetcoin software? Similarly, would the GDC wallet support multi level marketing for currency sell? For example I have 100,000 GDC and want to sell it, can I set up my own multi level chain so I can get commission from GDC sales from the underlying sellers?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 11, 2014, 02:00:48 PM
I am reading your white paper, there are lots of info in that, probably too much.

I understand the revenue sharing smart contracts and it is a really great idea. On that note, does your smart contract technology supports multi level marketing (MLM) schemes? Is it possible to set up multi level sale for the hardware services if I manage the hardware on the Gadget Network using the gadgetcoin software? Similarly, would the GDC wallet support multi level marketing for currency sell? For example I have 100,000 GDC and want to sell it, can I set up my own multi level chain so I can get commission from GDC sales from the underlying sellers?


The real beauty behind the smart contracts notion is that basically anything can be implemented with them, even complex business models like a multi level marketing scheme. I've copied a segment of the relevant code explanation from our white paper, and attached it below. As you can see, to implement a multi level structure you would have to define the layers of your MLM group in the "partners" array and extend the "shareRevenue function" to calculate the commission. Both of them are entirely doable using smart contracts.

The ML is quite a sensitive area in my opinion. It's one the trickier questions that we face - should we control how the users use the software, or allow the software to be utilized for any possibility? I think it is better if the community would decide by voting whether or not to enable MLM type of trading on the GadgetCoin Network. As far as I know multi level marketing is often associated with pyramid schemes and as a result gained somewhat of a bad reputation, but the real draw of the smart contracts and being open source means that we can support all types of trades. If the community is OK with that or does not care either way, then I see no issue utilizing the power of smart contracts for anything that is not illegal.






Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 11, 2014, 02:30:39 PM
Cool. How the coins will be distributed?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: biggus dickus on November 11, 2014, 02:46:57 PM
Cool. How the coins will be distributed?

Correct me if I'm wrong, but it sounds like we have to pay $5 to buy each coin from the devs. What if the value on exchanges drops below $5? They say it's not an IPO, but it sounds like one if the only way to initially obtain them is buying directly from the devs at a fixed price.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 11, 2014, 04:31:26 PM
Cool. How the coins will be distributed?

Correct me if I'm wrong, but it sounds like we have to pay $5 to buy each coin from the devs. What if the value on exchanges drops below $5? They say it's not an IPO, but it sounds like one if the only way to initially obtain them is buying directly from the devs at a fixed price.

Thanks for your reply.

We definitely need to sort out the distribution of the coin as soon as possible. This is one of the most important aspects of the project and being technical minded devs and focusing on software development, we have neglected to work out the distribution model yet :-)) We hope the feedback and opinions on this thread will help us to finalize the distribution process and ensure that all other important areas have a fair, decentralized and sustainable operation in place.

There are a few key assumptions

a) We are not comfortable with the ICO/IPO concept and therefore will not be collecting large chunks of Bitcoins from investors prior to releasing the open source software, the hardware and lunching the network.

b) We thought in order to keep the value of coin stable, or ideally growing continuously, the GDC Network should charge network fees in GadgetCoin (just like Ethereum charges in ether) for executing hardware related functions on the GDC Network. This will increase the demand for GadgetCoin as hardware operators need GadgetCoin to operate their devices on our peer to peer network.  We think charging 1 GDC network fee per year per device is reasonable. If the sale price of GDC is $5 then that will act as an expenditure for a business to use the GDC network.

We didn't mean we should collect $5 for 1 GDC from our community members, supporters, early stage investors. Instead we aim to charge $5 to businesses that are using the network.

Also, it is important to mention that the developers will not be selling any coins. GDC Foundation will have the initial 10 million GDC, which will be kept on a smart contract controlled account that requires multiple signatures to do anything with the money. The multi signature will be activated only by community voting. This way we can have in place full transparency and community control.

Perhaps keeping the GDC Foundation in the distribution loop is fundamentally wrong. The real question is should we first distribute the 10 million coins to the community and investors, and then the hardware operators have to buy GadgetCoin on the open market? After this we can adjust the network fee for hardware functions on a daily basis depending on the price of GadgetCoin but to keep the network fee close to the $5 per year price?

Please let us know what you think?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 11, 2014, 04:35:41 PM
I have modified the introductory post by taking out the reference to the $5/GDC price.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: billotronic on November 11, 2014, 05:22:31 PM
Dev can you touch on this :

Quote
Comes with GadgetCoin firmware

So the wallet will be in the firmware?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Jonesd on November 11, 2014, 05:52:38 PM
Will follow this


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: biggus dickus on November 11, 2014, 06:49:51 PM


Perhaps keeping the GDC Foundation in the distribution loop is fundamentally wrong. The real question is should we first distribute the 10 million coins to the community and investors, and then the hardware operators have to buy GadgetCoin on the open market? After this we can adjust the network fee for hardware functions on a daily basis depending on the price of GadgetCoin but to keep the network fee close to the $5 per year price?

Please let us know what you think?

I think you should first distribute the 10 million coins to the community, but as a bitcointalk communty member my opinion is biased.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 11, 2014, 08:03:42 PM
Dev can you touch on this :

Quote
Comes with GadgetCoin firmware

So the wallet will be in the firmware?

There are two wallet options for embedded devices:

- The firmware includes the full wallet. Most of the ARM core devices are capable to run the full wallet. On Raspbery PI and Beaglebone Black, which both are very capable devices, loading the wallet and blockchain is not an issue at all. However, these are mainly hobbyists boards so we are focusing our tests on more industrial devices like the STM Discovery board and I can report that there is no issue as well. If a board has 1024kb flush and 128kb RAM then the application works without any issues.

- The firmware comes with a light wallet. For low power sensors and devices with very low computing power like 256kb flush and 32kb RAM AVR devices we need to be more conservative and run a less resource consuming software.

One of our main targets are the broadband routers, there are more than 500 million broadband routers, they can be secured and managed with our smart contract technology. These router devices mainly runs Linux and there won't be any resource issues.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: gadgetcoin on November 11, 2014, 08:07:59 PM


Perhaps keeping the GDC Foundation in the distribution loop is fundamentally wrong. The real question is should we first distribute the 10 million coins to the community and investors, and then the hardware operators have to buy GadgetCoin on the open market? After this we can adjust the network fee for hardware functions on a daily basis depending on the price of GadgetCoin but to keep the network fee close to the $5 per year price?

Please let us know what you think?




I think you should first distribute the 10 million coins to the community, but as a bitcointalk communty member my opinion is biased.



Thank you for the suggestion! I'm part of the dev team and organizing the GDC foundation so I thought I'd jump in and let everyone know that we appreciate your input and we will take it on board for the next team meeting tomorrow. We hope to make a final decision about the distribution shortly.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 11, 2014, 08:26:02 PM

The ML is quite a sensitive area in my opinion. It's one the trickier questions that we face - should we control how the users use the software, or allow the software to be utilized for any possibility? I think it is better if the community would decide by voting whether or not to enable MLM type of trading on the GadgetCoin Network. As far as I know multi level marketing is often associated with pyramid schemes and as a result gained somewhat of a bad reputation, but the real draw of the smart contracts and being open source means that we can support all types of trades. If the community is OK with that or does not care either way, then I see no issue utilizing the power of smart contracts for anything that is not illegal.




Great, in my opinion smart contract technology is the future. I am a very big fun of Bitcoin, but it is not possible to execute complex trades like MLM with Bitcoin. Ethereum also talks about complex trades like your revenue share model. This can be a very big hit if it works. Ehereum will be very jealous if the gadgetcoin wallet will be really released by 15 December.



Dev can you touch on this :

Quote
Comes with GadgetCoin firmware

So the wallet will be in the firmware?

One of our main targets are the broadband routers, there are more than 500 million broadband routers, they can be secured and managed with our smart contract technology. These router devices mainly runs Linux and there won't be any resource issues.



500 million is a big number :-))) new coins like to talk about big market opportunities, but how broadband routers will benefit from GadgetCoin?




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 11, 2014, 09:10:20 PM

500 million is a big number :-))) new coins like to talk about big market opportunities, but how broadband routers will benefit from GadgetCoin?


There are security, management and service consuming business opportunities terms of routers.

The latest OpenSSL bug, vulnerability exposed 500 million broadband routers to security threats. Using the PPKI cryptography and security functions of the GadgetCoin software such security threats could be completely counter-attacked.

The configuration and management of routers is often problematic, especially the remote management. Using the GadgetCoin software the management, configuration, provisioning and upgrade of routers is secure, simple and quick.

Service consuming and selling the internet connection can be dramatically simplified with the GadgetCoin software. A well known use case is the guests' internet connection in hotels. Currently users must go through on annoying user interfaces and sing up processes to get internet connection in a hotel. Using our smart contract on the hotel's broadband router users could get internet connection with 2 taps/mouse click for their mobile/laptop. How it works? The router pushes the "Internet Connection Smart Contract" to the user's device like "Would you like to get 24 hours internet connection for 0.001 Bitcoin"? Then the user click on the "Yes" button, following that on the confirm button and the internet connection is available for 24 hours while the hotel get paid instantly.

The possibilities to handle different business scenarios with smart contracts are endless.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: kryptologist on November 11, 2014, 11:17:28 PM
If there is no ICO and no mining, how are the coins distributed? I can't seem to find where it explains the Proof of Consensus distribution model.

Thanks


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 12, 2014, 12:10:31 AM
I asked this in the BitBay and TileCoin thread as well, could we get clarification about the confirmation (block, transaction) times? Gadgetcoin claims 1 second transaction time which sounds very-very unlikely, how the software achieve this transaction time? When can we see a working software that demonstrate this feature?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 12, 2014, 12:42:56 AM
If there is no ICO and no mining, how are the coins distributed? I can't seem to find where it explains the Proof of Consensus distribution model.

Thanks

In terms of the distribution, it has not been finalized yet and were are open to any suggestions. The developers, supporters, investors, community members, all want to make money with the project while being transparent and letting the community control the operation of GDC Foundation that holds the 10 million coins.

We are updating the white paper with the Proof of Consensus section, it will be published very soon. Thanks for your interest in our coin!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 12, 2014, 01:08:08 AM
I asked this in the BitBay and TileCoin thread as well, could we get clarification about the confirmation (block, transaction) times? Gadgetcoin claims 1 second transaction time which sounds very-very unlikely, how the software achieve this transaction time? When can we see a working software that demonstrate this feature?

We are testing the wallet, we will compile a video this week that demonstrates the 1 second transaction time and before the end of this month we will give access to a working wallet to test the software on our test network.

The tech behind the 1 second transaction time required a radical new concept and implementation. That's why we have been writing our software completely from scratch. This project is only feasible if the transaction is instant. To address this fundamental requirement and to speed up transaction confirmation time we needed to eliminate mining completely from the process. If miners confirm the transaction then the 1 second transaction time would not be achievable. The GadgetCoin protocol implements instant transaction processing using account balances and participating nodes confirm the transactions instead of miners or staking nodes. The peer nodes create the block using a method called Proof-of-Consensus, PoC. In the Proof-of-Consensus method the participating nodes form an agreement about the block. The other major difference is, unlike in Bitcoin where payments are related to addresses, the GadgetCoin payments are linked to GadgetCoin accounts and payments are reconciled against account balances. Similarly to bank transactions, the smart contracts calculate the new balance by performing a simple add/deduct operation. This concept was presented by Ethereum and we think this is the most sensible transaction processing implementation for our targeted industry and user base.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 12, 2014, 01:45:03 AM
I asked this in the BitBay and TileCoin thread as well, could we get clarification about the confirmation (block, transaction) times? Gadgetcoin claims 1 second transaction time which sounds very-very unlikely, how the software achieve this transaction time? When can we see a working software that demonstrate this feature?

We are testing the wallet, we will compile a video this week that demonstrates the 1 second transaction time and before the end of this month we will give access to a working wallet to test the software on our test network.

The tech behind the 1 second transaction time required a radical new concept and implementation. That's why we have been writing our software completely from scratch. This project is only feasible if the transaction is instant. To address this fundamental requirement and to speed up transaction confirmation time we needed to eliminate mining completely from the process. If miners confirm the transaction then the 1 second transaction time would not be achievable. The GadgetCoin protocol implements instant transaction processing using account balances and participating nodes confirm the transactions instead of miners or staking nodes. The peer nodes create the block using a method called Proof-of-Consensus, PoC. In the Proof-of-Consensus method the participating nodes form an agreement about the block. The other major difference is, unlike in Bitcoin where payments are related to addresses, the GadgetCoin payments are linked to GadgetCoin accounts and payments are reconciled against account balances. Similarly to bank transactions, the smart contracts calculate the new balance by performing a simple add/deduct operation. This concept was presented by Ethereum and we think this is the most sensible transaction processing implementation for our targeted industry and user base.




Thanks, I am still very-very sceptical about instant transaction time :-))) but I look forward to testing the software, I will check the progress.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 12, 2014, 02:05:29 AM
I asked this in the BitBay and TileCoin thread as well, could we get clarification about the confirmation (block, transaction) times? Gadgetcoin claims 1 second transaction time which sounds very-very unlikely, how the software achieve this transaction time? When can we see a working software that demonstrate this feature?

We are testing the wallet, we will compile a video this week that demonstrates the 1 second transaction time and before the end of this month we will give access to a working wallet to test the software on our test network.

The tech behind the 1 second transaction time required a radical new concept and implementation. That's why we have been writing our software completely from scratch. This project is only feasible if the transaction is instant. To address this fundamental requirement and to speed up transaction confirmation time we needed to eliminate mining completely from the process. If miners confirm the transaction then the 1 second transaction time would not be achievable. The GadgetCoin protocol implements instant transaction processing using account balances and participating nodes confirm the transactions instead of miners or staking nodes. The peer nodes create the block using a method called Proof-of-Consensus, PoC. In the Proof-of-Consensus method the participating nodes form an agreement about the block. The other major difference is, unlike in Bitcoin where payments are related to addresses, the GadgetCoin payments are linked to GadgetCoin accounts and payments are reconciled against account balances. Similarly to bank transactions, the smart contracts calculate the new balance by performing a simple add/deduct operation. This concept was presented by Ethereum and we think this is the most sensible transaction processing implementation for our targeted industry and user base.




Thanks, I am still very-very sceptical about instant transaction time :-))) but I look forward to testing the software, I will check the progress.



No problem, and your scepticism is fully understandable and as I said users will be able to test the software soon. Using the ingenious concept of balance modification from Ethereum the instant transaction is not as hard as it seems. It's mainly a political decision as the power must be shifted from slow miners to quick transaction processing peer nodes. The main challenge is security related, to keep malicious nodes away from the Proof of Consensus process and guaranty the transaction processor nodes execute a valid software.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zrunfeng on November 12, 2014, 02:34:42 AM
i think this is the best coin near time


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 12, 2014, 02:48:28 AM
i think this is the best coin near time

Thank you for your kind words! Please stay with us and be part of the community and this coin! We strive towards making this coin a success and come up with a system in which all supporters of the coin will be rewarded.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: fox19891989 on November 12, 2014, 04:56:40 AM
It has a 28-page whitepaper and proof of consensus algo, it must be a great project :o


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: fox19891989 on November 12, 2014, 06:09:53 AM
https://bitcointalk.org/index.php?topic=855325

Chinese OP has been published!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 12, 2014, 12:18:16 PM
https://bitcointalk.org/index.php?topic=855325

Chinese OP has been published!

Thanks for your support and great work!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 12, 2014, 12:40:41 PM
It has a 28-page whitepaper and proof of consensus algo, it must be a great project :o

As you can see from the white paper we try to focus on the tech first and ensure the system is working.
As for the Proof of Consensus algorithm, others asked about this too and it is important mainly to perform quick transaction processing. In order to achieve the 1 second transaction time we couldn't come up with a better solution than the Proof of Consensus algorithm. Unlike the green addresses with the Bitcoin protocol the PoC algo don't use third party entities and it is still decentralized. Internet of Things + blockchain is an exciting technology and we hope the community will like our solution.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: siliconchip on November 12, 2014, 01:11:46 PM
merely another shitcoin


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: gadgetcoin on November 12, 2014, 01:26:52 PM
merely another shitcoin

We are sorry you don't like the coin, hopefully we can win you over in the future - especially when we present our working software.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 12, 2014, 01:37:16 PM
As I said, I am very interested in smart contracts technology and all IoT related coins (I am bombarding with smart contract ideas the VeriCoin devs for months :-))).

I did my research about BitBay, TileCoin (XTC) and GadgetCoin, the underlying tech and asked the same questions about transaction time and real time hardware control in all threads.

The TileCoin team didn't even bother to answer, it seems either they don't have the answer or don't understand the significance of transaction time in real time hardware control.

At BitBay Dave, a very knowledgeable, well known developer answered, but he skipped the question about IoT and real time hardware control. I am sure they will have the smart contract software, decentralized exchange, marketplace, etc but it seems to me their focus is certainly not on the Internet of Things (IoT) element of the solution.

The GadgetCoin dev hasn't ignored my question. GDC claims 1 second transaction time and explains clearly the technology behind the software, namely Ethereum's account balance concept and transaction processor nodes instead of miners. (I like the fact that the GDC dev understands the significance of the Ethereum's tech and willing to learn from other solutions)

If GadgetCoin works then I am very interested in this venture. Here in the United Kingdom we have a massive market for an IoT management and payment platform like GadgetCoin is, not mention the +20 billion worldwide market which is ready for a working solution. Please let me know when we can test the software and most importantly, how can we make money from this coin?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: gadgetcoin on November 12, 2014, 02:47:58 PM
As I said, I am very interested in smart contracts technology and all IoT related coins (I am bombarding with smart contract ideas the VeriCoin devs for months :-))).

I did my research about BitBay, TileCoin (XTC) and GadgetCoin, the underlying tech and asked the same questions about transaction time and real time hardware control in all threads.

The TileCoin team didn't even bother to answer, it seems either they don't have the answer or don't understand the significance of transaction time in real time hardware control.

At BitBay Dave, a very knowledgeable, well known developer answered, but he skipped the question about IoT and real time hardware control. I am sure they will have the smart contract software, decentralized exchange, marketplace, etc but it seems to me their focus is certainly not on the Internet of Things (IoT) element of the solution.

The GadgetCoin dev hasn't ignored my question. GDC claims 1 second transaction time and explains clearly the technology behind the software, namely Ethereum's account balance concept and transaction processor nodes instead of miners. (I like the fact that the GDC dev understands the significance of the Ethereum's tech and willing to learn from other solutions)

If GadgetCoin works then I am very interested in this venture. Here in the United Kingdom we have a massive market for an IoT management and payment platform like GadgetCoin is, not mention the +20 billion worldwide market which is ready for a working solution. Please let me know when we can test the software and most importantly, how can we make money from this coin?


Hi AltcoinUK,

We agree with your assessment that the UK market could be potentially huge for this venture, and indeed the market is crying out for a working solution. That's why it's important for us to focus 100% on getting this software ready for the community to test now. The sooner we can get feedback the sooner we can start approaching some big players in the market for integration and pilot project opportunities.

Thank you for your continued interest, and it's nice to see some early support already, we will try to continue being as transparent and open to communication as possible. This is a community venture after all.

With regards to how we are going to make money, we will make clear the monetization strategy in the coming days, so stay tuned to this thread. We will also PM you the credentials to use our test network and software.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 12, 2014, 03:04:12 PM
As I said, I am very interested in smart contracts technology and all IoT related coins (I am bombarding with smart contract ideas the VeriCoin devs for months :-))).

I did my research about BitBay, TileCoin (XTC) and GadgetCoin, the underlying tech and asked the same questions about transaction time and real time hardware control in all threads.

The TileCoin team didn't even bother to answer, it seems either they don't have the answer or don't understand the significance of transaction time in real time hardware control.

At BitBay Dave, a very knowledgeable, well known developer answered, but he skipped the question about IoT and real time hardware control. I am sure they will have the smart contract software, decentralized exchange, marketplace, etc but it seems to me their focus is certainly not on the Internet of Things (IoT) element of the solution.

The GadgetCoin dev hasn't ignored my question. GDC claims 1 second transaction time and explains clearly the technology behind the software, namely Ethereum's account balance concept and transaction processor nodes instead of miners. (I like the fact that the GDC dev understands the significance of the Ethereum's tech and willing to learn from other solutions)

If GadgetCoin works then I am very interested in this venture. Here in the United Kingdom we have a massive market for an IoT management and payment platform like GadgetCoin is, not mention the +20 billion worldwide market which is ready for a working solution. Please let me know when we can test the software and most importantly, how can we make money from this coin?


Hi AltcoinUK,

We agree with your assessment that the UK market could be potentially huge for this venture, and indeed the market is crying out for a working solution. That's why it's important for us to focus 100% on getting this software ready for the community to test now. The sooner we can get feedback the sooner we can start approaching some big players in the market for integration and pilot project opportunities.

Thank you for your continued interest, and it's nice to see some early support already, we will try to continue being as transparent and open to communication as possible. This is a community venture after all.

With regards to how we are going to make money, we will make clear the monetization strategy in the coming days, so stay tuned to this thread. We will also PM you the credentials to use our test network and software.

Great. I will be glad to sell your development board and smart contract technology in the UK & Ireland market. Give me exclusive rights for selling here the development board :-))) I will make a call to my friend he has a few self storage facilities, if we can get self storages using the GDC technology to open storage doors (as your white paper describes it) then that could be huge and game changer in the hardware control application business.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: TheInfidel on November 12, 2014, 03:37:11 PM
This is certainly a breath of fresh air in the Crypto cesspool.
Watching real close.
This is something that can be implemented into existing businesses.

Looking forward to seeing more.

Good luck


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tylerderden on November 12, 2014, 03:56:13 PM
so what more bullshit ico or is it mineable?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 12, 2014, 04:35:01 PM
so what more bullshit ico or is it mineable?

It seems to me it is not mineable, as the DEV explains it, the instant transaction processing won't make possible the mining. If miners confirm the transaction, then the transaction cannot be instant.

It was said to us there is no "up front money collecting" from investors. I hope they will distribute the coins for free like BRO promised it :-)))


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Youghoor on November 12, 2014, 04:35:32 PM
so what more bullshit ico or is it mineable?

ico is more of a kind.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 12, 2014, 09:20:40 PM
I invested in BitBay today and I am looking forward to investing in GadgetCoin  ;D   to keep my Internet of Things eggs in two baskets  ;D     I have a feeling that both will be fine  ;)


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 12, 2014, 09:47:36 PM
I invested in BitBay today and I am looking forward to investing in GadgetCoin  ;D   to keep my Internet of Things eggs in two baskets  ;D     I have a feeling that both will be fine  ;)

It's a smart move to diversify your investment but you will have not the same type of eggs, as BitBay and GadgetCoin seems to me are two very different eggs. I just had a very long chat with David Zimbeck the BitBay lead developer, he is a very nice guy and obviously a very knowledgeable software engineer, and he confirmed that BitBay will not work on IoT software, but they will try implementing a Mesh Network. So based on what the lead developer said your BitBay egg is not an IoT egg.

Though it doesn't really matter, in my opinion both BitBay and GadgetCoin are exciting technologies.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 12, 2014, 10:34:20 PM
Thank you every one for your interest.

We have asked the device assembly factory to speed up the manufacturing of the development board. To keep the size small we use plenty of 0402 size capacitors and resistors, and the board requires a precision SMD manufacturing process. Fortunately, it seems the factory could allocate a slot and the board will be manufactured sooner than we expected and we will be able to ship the board soon. This Zigbee/WiFi enabled board will be a great starting point for hardware integrators to develop IoT applications. We will keep you informed.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 13, 2014, 03:01:33 AM
I invested in BitBay today and I am looking forward to investing in GadgetCoin  ;D   to keep my Internet of Things eggs in two baskets  ;D     I have a feeling that both will be fine  ;)

It's a smart move to diversify your investment but you will have not the same type of eggs, as BitBay and GadgetCoin seems to me are two very different eggs. I just had a very long chat with David Zimbeck the BitBay lead developer, he is a very nice guy and obviously a very knowledgeable software engineer, and he confirmed that BitBay will not work on IoT software, but they will try implementing a Mesh Network. So based on what the lead developer said your BitBay egg is not an IoT egg.

Though it doesn't really matter, in my opinion both BitBay and GadgetCoin are exciting technologies.




Cool  :)

Question to mtomcdev, what will be the retail price of the development board hardware?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 13, 2014, 11:15:04 AM
I invested in BitBay today and I am looking forward to investing in GadgetCoin  ;D   to keep my Internet of Things eggs in two baskets  ;D     I have a feeling that both will be fine  ;)

It's a smart move to diversify your investment but you will have not the same type of eggs, as BitBay and GadgetCoin seems to me are two very different eggs. I just had a very long chat with David Zimbeck the BitBay lead developer, he is a very nice guy and obviously a very knowledgeable software engineer, and he confirmed that BitBay will not work on IoT software, but they will try implementing a Mesh Network. So based on what the lead developer said your BitBay egg is not an IoT egg.

Though it doesn't really matter, in my opinion both BitBay and GadgetCoin are exciting technologies.




Cool  :)

Question to mtomcdev, what will be the retail price of the development board hardware?


We aim to keep the retail price under $50.00. We would like to hear from our supporters, whether the $50.00 price range is reasonable and correct for this device? Please check the schematics and let us know your opinion!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 13, 2014, 11:23:15 AM
We have just received the latest IoT white paper from Atmel. According to Atmel there will be 50 Billion connected IoT devices by 2020. Gartner projected 20 billion devices last year. It's very encouraging to hear from a reputable source that our chosen market is rapidly growing!



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 13, 2014, 12:59:41 PM
I invested in BitBay today and I am looking forward to investing in GadgetCoin  ;D   to keep my Internet of Things eggs in two baskets  ;D     I have a feeling that both will be fine  ;)

It's a smart move to diversify your investment but you will have not the same type of eggs, as BitBay and GadgetCoin seems to me are two very different eggs. I just had a very long chat with David Zimbeck the BitBay lead developer, he is a very nice guy and obviously a very knowledgeable software engineer, and he confirmed that BitBay will not work on IoT software, but they will try implementing a Mesh Network. So based on what the lead developer said your BitBay egg is not an IoT egg.

Though it doesn't really matter, in my opinion both BitBay and GadgetCoin are exciting technologies.




Cool  :)

Question to mtomcdev, what will be the retail price of the development board hardware?


We aim to keep the retail price under $50.00. We would like to hear from our supporters, whether the $50.00 price range is reasonable and correct for this device? Please check the schematics and let us know your opinion!

I asked my friend, he is a geek and knows this stuff, he said $50.00 for a Zigbee & WiFi board is good price.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 13, 2014, 02:25:26 PM
Wow, I just try to understand what smart contract is and I found something interesting  :) :D

https://bitcointalk.org/index.php?topic=428589.msg9531498#msg9531498

Ethereum has 2-3 seconds transaction time. gadgetcoin's transaction time is really 1 second?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 13, 2014, 03:04:01 PM
Wow, I just try to understand what smart contract is and I found something interesting  :) :D

https://bitcointalk.org/index.php?topic=428589.msg9531498#msg9531498

Ethereum has 2-3 seconds transaction time. gadgetcoin's transaction time is really 1 second?

I think that's a very important point and the poster is absolutely correct. Transaction time is probably the most important factor in smart contract processing. Digital currencies and smart contracts strive to compete with FIAT money, FIAT and stock exchanges. Having 10 minutes, 1 minute, 30 seconds transaction times that won't be possible when currently a FIAT transaction takes 100-250 milliseconds. Personally I worked with banking and currency trading software, and I can't remember any transaction logs where the transaction time was more than 500 milliseconds. This area is a bit overlooked by existing digital currencies. We learned a lot from Vitalik and Ethereum, and I think he is totally spot on with this one, just like with most of other design issues. I have to agree with Vitalik that smart contracts won't be able to replace conventional business processes with 10 minutes, not even with 20-30 seconds transaction time, especially not in hardware related applications.

I can confrim, our aim is that GadgetCoin to perform smart contracts within 1 second and you will be able to test this feature soon.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chesthing on November 13, 2014, 08:04:49 PM
10m coins $5/coin to start, do I have that right? if so you must hate investors.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: billotronic on November 13, 2014, 08:21:11 PM
Will this also run on OpenWRT?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: gadgetcoin on November 13, 2014, 08:28:48 PM
10m coins $5/coin to start, do I have that right? if so you must hate investors.

Hi there,

It's not going to be $5 per coin, as we mentioned on the first page, the $5 figure was a reference to the yearly fee for businesses using our network. We do not intend to collect $5/coin from early stage investors. Apologies if it was not clear enough


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 13, 2014, 08:44:20 PM
Will this also run on OpenWRT?

Yes it will. Compared to bare-metal systems, our primary platforms or real time operating systems like FreeRTOS or Nucleus which is our secondary platform, OpenWRT is a powerful embedded Linux and will be perfect to run the software. It's quite good you have mentioned it, we discussed here earlier the potential of using our Gadget tech on routers, and OpenWRT is quite strong in that field, many routers run on OpenWRT. Before the release, the software will be definitely tested on OpenWRT!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 13, 2014, 10:43:59 PM
I invested in BitBay today and I am looking forward to investing in GadgetCoin  ;D   to keep my Internet of Things eggs in two baskets  ;D     I have a feeling that both will be fine  ;)

It's a smart move to diversify your investment but you will have not the same type of eggs, as BitBay and GadgetCoin seems to me are two very different eggs. I just had a very long chat with David Zimbeck the BitBay lead developer, he is a very nice guy and obviously a very knowledgeable software engineer, and he confirmed that BitBay will not work on IoT software, but they will try implementing a Mesh Network. So based on what the lead developer said your BitBay egg is not an IoT egg.

Though it doesn't really matter, in my opinion both BitBay and GadgetCoin are exciting technologies.




Cool  :)

Question to mtomcdev, what will be the retail price of the development board hardware?


We aim to keep the retail price under $50.00. We would like to hear from our supporters, whether the $50.00 price range is reasonable and correct for this device? Please check the schematics and let us know your opinion!

With $50.00 price tag a Zigbee/WiFi enabled board is probably too cheap. Even this is an open source project, you can sell the service/product with profit. I would put the price at closer to $100.00. I checked the schematics, the board looks good, this is a dual radio network board which is quite rare, you could charge for such board a lot more than $50.00.

I like the idea of Zigbee/WiFi co-existence, it could be useful for many use cases, and of course for an IoT application you definitely need WiFi and most of the time Zigbee.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 14, 2014, 01:43:43 PM
how you going to compete with ethereum and bitbay? too many coins try to do decentralized markets, exchanges, smart contracts.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 14, 2014, 03:26:23 PM
how you going to compete with ethereum and bitbay? too many coins try to do decentralized markets, exchanges, smart contracts.

No, GadgetCoin doesn't implement a decentralized market place, we are focusing only on one area and trying to do that very well, which is smart contracts on Internet of Things. Ethereum and BitBay are great projects and we don't compete with them, GadgetCoin will be more a complement to existing solutions. Even Ethereum and BitBay will be able to use our API, and we envision a mutually beneficial partnership with all digital currencies.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Momimaus on November 14, 2014, 04:53:09 PM

Just for the distribution. Do I get it right?

You hold all Gadgetcoins and you produce the hardware.
Then you sell both to people for a fixed price and they sell it to costumers?
Or is this just right for the hardware?
Cause the coins will be traded on exchanges, so it makes not that much sense.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 14, 2014, 08:06:57 PM

Just for the distribution. Do I get it right?

You hold all Gadgetcoins and you produce the hardware.
Then you sell both to people for a fixed price and they sell it to costumers?
Or is this just right for the hardware?
Cause the coins will be traded on exchanges, so it makes not that much sense.


Thank you for your question.

GadgetCoin has two roles.

1. It is a general digital currency and as such, it can be used to pay for services and to buy things just like with any other currency out there at the moment. It can also be traded on exchanges or directly from the GadgetCoin wallet for BTC/LTC. Most importantly, we hope our users will use it to pay for hardware services like hiring laundromats, self storage units or gym equipment.

2. GadgetCoin will be the currency to pay the network fees on the GadgetCoin network. Our hope is that eventually many millions of devices will use the network. Imagine a business that operates its security gate on the GadgetCoin network (whether as as public or isolated private network) that will have to pay network fees for validating the public keys of the users and performing other authentication functions. That particular gate will pay the network fees in GadgetCoin. It will be a very small fee, but as more and more hardware will use our network the demand for our coin will grow as well. I am mentioning the security gate because it was brought up today in a meeting that our first viable pilot project might be with a security company that is very interested in our technology and is willing to operate their gates on the Gadget network.

We are sorry for the confusion about the hardware-GadgetCoin dynamic.

As for the distribution, yes, initially the GadgetcCoin Foundation will have the coins, and as of now the distribution of the coins hasn't been finalized yet. We want to distribute the coins fairly to our supporters, investors, and people who help us to bring this idea to fruition even with small contributions like promoting it on twitter.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Momimaus on November 14, 2014, 09:59:54 PM

Just for the distribution. Do I get it right?

You hold all Gadgetcoins and you produce the hardware.
Then you sell both to people for a fixed price and they sell it to costumers?
Or is this just right for the hardware?
Cause the coins will be traded on exchanges, so it makes not that much sense.


Thank you for your question.

GadgetCoin has two roles.

1. It is a general digital currency and as such, it can be used to pay for services and to buy things just like with any other currency out there at the moment. It can also be traded on exchanges or directly from the GadgetCoin wallet for BTC/LTC. Most importantly, we hope our users will use it to pay for hardware services like hiring laundromats, self storage units or gym equipment.

2. GadgetCoin will be the currency to pay the network fees on the GadgetCoin network. Our hope is that eventually many millions of devices will use the network. Imagine a business that operates its security gate on the GadgetCoin network (whether as as public or isolated private network) that will have to pay network fees for validating the public keys of the users and performing other authentication functions. That particular gate will pay the network fees in GadgetCoin. It will be a very small fee, but as more and more hardware will use our network the demand for our coin will grow as well. I am mentioning the security gate because it was brought up today in a meeting that our first viable pilot project might be with a security company that is very interested in our technology and is willing to operate their gates on the Gadget network.

We are sorry for the confusion about the hardware-GadgetCoin dynamic.

As for the distribution, yes, initially the GadgetcCoin Foundation will have the coins, and as of now the distribution of the coins hasn't been finalized yet. We want to distribute the coins fairly to our supporters, investors, and people who help us to bring this idea to fruition even with small contributions like promoting it on twitter.


Alright, understand.

But the hardware will be sold by you?

Ok, I know the distribution is not decided yet, that´s a good thing.
Just to beware you from a huge shitstorm. If you gonna sell the coins by demand and hold the rest (majority), guys will gonna crazy and don´t wanna participate. A kind of similar thing did Ripple and it´s hated therefore.

I think the best solution is to take your time, and discuss this with the community and decide afterwards what is best for you.

Good luck from my side, I will stay close.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: gadgetcoin on November 14, 2014, 11:05:46 PM

Just for the distribution. Do I get it right?

You hold all Gadgetcoins and you produce the hardware.
Then you sell both to people for a fixed price and they sell it to costumers?
Or is this just right for the hardware?
Cause the coins will be traded on exchanges, so it makes not that much sense.


Thank you for your question.

GadgetCoin has two roles.

1. It is a general digital currency and as such, it can be used to pay for services and to buy things just like with any other currency out there at the moment. It can also be traded on exchanges or directly from the GadgetCoin wallet for BTC/LTC. Most importantly, we hope our users will use it to pay for hardware services like hiring laundromats, self storage units or gym equipment.

2. GadgetCoin will be the currency to pay the network fees on the GadgetCoin network. Our hope is that eventually many millions of devices will use the network. Imagine a business that operates its security gate on the GadgetCoin network (whether as as public or isolated private network) that will have to pay network fees for validating the public keys of the users and performing other authentication functions. That particular gate will pay the network fees in GadgetCoin. It will be a very small fee, but as more and more hardware will use our network the demand for our coin will grow as well. I am mentioning the security gate because it was brought up today in a meeting that our first viable pilot project might be with a security company that is very interested in our technology and is willing to operate their gates on the Gadget network.

We are sorry for the confusion about the hardware-GadgetCoin dynamic.

As for the distribution, yes, initially the GadgetcCoin Foundation will have the coins, and as of now the distribution of the coins hasn't been finalized yet. We want to distribute the coins fairly to our supporters, investors, and people who help us to bring this idea to fruition even with small contributions like promoting it on twitter.


Alright, understand.

But the hardware will be sold by you?

Ok, I know the distribution is not decided yet, that´s a good thing.
Just to beware you from a huge shitstorm. If you gonna sell the coins by demand and hold the rest (majority), guys will gonna crazy and don´t wanna participate. A kind of similar thing did Ripple and it´s hated therefore.

I think the best solution is to take your time, and discuss this with the community and decide afterwards what is best for you.

Good luck from my side, I will stay close.



Yes the hardware the will be sold by us. We have no intention of holding the coins, and we will try to work out a fair distribution system. I agree that discussing this with the community and then contemplating all the options on the table before moving forward is the best way. We're still looking for more feedback from the community, it would be a great help to us whenever someone participates and voices their opinion.

Thanks again for dropping by and commenting.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 15, 2014, 01:50:17 AM

Just for the distribution. Do I get it right?

You hold all Gadgetcoins and you produce the hardware.
Then you sell both to people for a fixed price and they sell it to costumers?
Or is this just right for the hardware?
Cause the coins will be traded on exchanges, so it makes not that much sense.


Thank you for your question.

GadgetCoin has two roles.

1. It is a general digital currency and as such, it can be used to pay for services and to buy things just like with any other currency out there at the moment. It can also be traded on exchanges or directly from the GadgetCoin wallet for BTC/LTC. Most importantly, we hope our users will use it to pay for hardware services like hiring laundromats, self storage units or gym equipment.

2. GadgetCoin will be the currency to pay the network fees on the GadgetCoin network. Our hope is that eventually many millions of devices will use the network. Imagine a business that operates its security gate on the GadgetCoin network (whether as as public or isolated private network) that will have to pay network fees for validating the public keys of the users and performing other authentication functions. That particular gate will pay the network fees in GadgetCoin. It will be a very small fee, but as more and more hardware will use our network the demand for our coin will grow as well. I am mentioning the security gate because it was brought up today in a meeting that our first viable pilot project might be with a security company that is very interested in our technology and is willing to operate their gates on the Gadget network.

We are sorry for the confusion about the hardware-GadgetCoin dynamic.

As for the distribution, yes, initially the GadgetcCoin Foundation will have the coins, and as of now the distribution of the coins hasn't been finalized yet. We want to distribute the coins fairly to our supporters, investors, and people who help us to bring this idea to fruition even with small contributions like promoting it on twitter.


Alright, understand.

But the hardware will be sold by you?

Ok, I know the distribution is not decided yet, that´s a good thing.
Just to beware you from a huge shitstorm. If you gonna sell the coins by demand and hold the rest (majority), guys will gonna crazy and don´t wanna participate. A kind of similar thing did Ripple and it´s hated therefore.

I think the best solution is to take your time, and discuss this with the community and decide afterwards what is best for you.

Good luck from my side, I will stay close.



Yes the hardware the will be sold by us. We have no intention of holding the coins, and we will try to work out a fair distribution system. I agree that discussing this with the community and then contemplating all the options on the table before moving forward is the best way. We're still looking for more feedback from the community, it would be a great help to us whenever someone participates and voices their opinion.

Thanks again for dropping by and commenting.

my opinion is to distribute the coin in a fair way 50-50 between developers and community  ;)
i am based in Luxembourg, we make living from financial services, this coin is a good idea. it target a massive market. devs lets share the profit with the community  ;)


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 15, 2014, 02:09:49 AM
@albert_mt

here we go ... another very questionable idea ... I was very confused in the BitBay thread from the lack of transparency, and now, I am getting confused here from the distribution of the coins. What kind of 50-50 deal are you talking about? Don't suggest a distribution that is lack of transparency, we had enough shady operations in the last 6 months in the altcoin market.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 15, 2014, 02:42:30 AM
@albert_mt

here we go ... another very questionable idea ... I was very confused in the BitBay thread from the lack of transparency, and now, I am getting confused here from the distribution of the coins. What kind of 50-50 deal are you talking about? Don't suggest a distribution that is lack of transparency, we had enough shady operations in the last 6 months in the altcoin market.

i am a stock broker by trade and i don't know what shady operation is  ;) projects like bitbay and this one sells. the money is in tech stocks. i have 4 clients that is looking for iot companies with a solid tech and team.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 15, 2014, 02:52:03 AM
@albert_mt

here we go ... another very questionable idea ... I was very confused in the BitBay thread from the lack of transparency, and now, I am getting confused here from the distribution of the coins. What kind of 50-50 deal are you talking about? Don't suggest a distribution that is lack of transparency, we had enough shady operations in the last 6 months in the altcoin market.

i am a stock broker by trade and i don't know what shady operation is  ;) projects like bitbay and this one sells. the money is in tech stocks. i have 4 clients that is looking for iot companies with a solid tech and team.

I hate to break you the news mate, but please allow me to point out that this is not a stock - this is a fucking decentralized digital currency.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Momimaus on November 15, 2014, 10:26:23 AM

Keep calm bro. That´s not Bitbay, they haven´t decided anything.
Give them a chance.

Maybe you can propose a fair solution to them.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 15, 2014, 11:52:18 AM

Keep calm bro. That´s not Bitbay, they haven´t decided anything.
Give them a chance.

Maybe you can propose a fair solution to them.


Since 95% of the coins scam, therefore if I see this on the right way, we have to assume every new coin is scam  :-))) but you are absolutely right Momimaus, I shouldn't jump into conclusions before the devs decide on the distribution model. If the distribution will be fair, then that's a good start. I am a very unhappy VeriCoin supporter, but to be fair, their coin distribution was absolutely fair. On the other hand, fair distribution doesn't mean anything, see VeriCoin's last 4 months performance and current price. But if a coin has a long term plan, like these guys say they do, then in my opinion the fair start is very important. An ICO could be fair as well, if the team follow up and deliver. The problem is, such thing, the delivery never happened so far in crypto - at least I don't know any coins that started with ICO and delivered what was promised.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 15, 2014, 01:56:59 PM
@albert_mt

here we go ... another very questionable idea ... I was very confused in the BitBay thread from the lack of transparency, and now, I am getting confused here from the distribution of the coins. What kind of 50-50 deal are you talking about? Don't suggest a distribution that is lack of transparency, we had enough shady operations in the last 6 months in the altcoin market.

i am a stock broker by trade and i don't know what shady operation is  ;) projects like bitbay and this one sells. the money is in tech stocks. i have 4 clients that is looking for iot companies with a solid tech and team.

I hate to break you the news mate, but please allow me to point out that this is not a stock - this is a fucking decentralized digital currency.

i know it is not a stock  :)  the bottom line is that i sell stocks and i know the demand for tech stocks. iot, m2m, connected apps are hot securities.

as the devs haven't decided yet on the distribution model, i can see a business opportunity in this one. forgive me, i am not interested much the philosophy and how crypto currencies will change the society, i'am interested in making money  :D  ;)

my idea was, as the distribution hasn't finalized yet, one distribution channel could be a broker construction. i can sell any coin that is not in the exchange yet to my clients if the coin has a solid business plan, solid tech, hardware, solid team. investors take into account the risk/reward ratio and some will take the risk for a 100-200-300% roi. when i am selling the coin i am selling the future and the future cost money.

my suggestion about 50-50 was that i sell the coin
50% of the selling price goes to the devs, foundation, community or whatever this gadgetcoin is
50% goes to the broker

the devs said with smart contract anything is possible, a broker deal too

this was my idea and tell me if this is a stupid idea  :D
 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 15, 2014, 02:13:08 PM

this was my idea and tell me if this is a stupid idea  :D
 

I am telling you this is a stupid idea :-)))

However, you are absolutely spot on with this


and the future cost money.
 

My ex-wife said to me, our future my dear will be wonderful. That cost me 300k, therefore I couldn't agree more, the future cost money ...


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 16, 2014, 11:17:05 AM

The real beauty behind the smart contracts notion is that basically anything can be implemented with them, even complex business models like a multi level marketing scheme. I've copied a segment of the relevant code explanation from our white paper, and attached it below. As you can see, to implement a multi level structure you would have to define the layers of your MLM group in the "partners" array and extend the "shareRevenue function" to calculate the commission. Both of them are entirely doable using smart contracts.

The ML is quite a sensitive area in my opinion. It's one the trickier questions that we face - should we control how the users use the software, or allow the software to be utilized for any possibility? I think it is better if the community would decide by voting whether or not to enable MLM type of trading on the GadgetCoin Network. As far as I know multi level marketing is often associated with pyramid schemes and as a result gained somewhat of a bad reputation, but the real draw of the smart contracts and being open source means that we can support all types of trades. If the community is OK with that or does not care either way, then I see no issue utilizing the power of smart contracts for anything that is not illegal.





Is it possible to sell securities like BTC, LTC, DOGE, BAY, company stocks with smart contracts if i don't own the securities, i am the broker in the deal, i sell the securities and derivatives behalf of my customers and get commission for executing the trade? there is a difference in securities and derivatives trading between dealer and broker, and i wouldn't act as a dealer, i act behalf of my customer as a broker. was smart contract invented for something like this? can i execute such broker trade on the gadgetcoin network?

 




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 16, 2014, 12:52:55 PM

The real beauty behind the smart contracts notion is that basically anything can be implemented with them, even complex business models like a multi level marketing scheme. I've copied a segment of the relevant code explanation from our white paper, and attached it below. As you can see, to implement a multi level structure you would have to define the layers of your MLM group in the "partners" array and extend the "shareRevenue function" to calculate the commission. Both of them are entirely doable using smart contracts.

The ML is quite a sensitive area in my opinion. It's one the trickier questions that we face - should we control how the users use the software, or allow the software to be utilized for any possibility? I think it is better if the community would decide by voting whether or not to enable MLM type of trading on the GadgetCoin Network. As far as I know multi level marketing is often associated with pyramid schemes and as a result gained somewhat of a bad reputation, but the real draw of the smart contracts and being open source means that we can support all types of trades. If the community is OK with that or does not care either way, then I see no issue utilizing the power of smart contracts for anything that is not illegal.





Is it possible to sell securities like BTC, LTC, DOGE, BAY, company stocks with smart contracts if i don't own the securities, i am the broker in the deal, i sell the securities and derivatives behalf of my customers and get commission for executing the trade? there is a difference in securities and derivatives trading between dealer and broker, and i wouldn't act as a dealer, i act behalf of my customer as a broker. was smart contract invented for something like this? can i execute such broker trade on the gadgetcoin network?

 


Technically it is possible to set-up such broker smart contracts. If the community is OK with that or does not care either way, then the GadgetCoin developers see no issue utilizing the power of smart contracts for anything that is not illegal.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: liulby on November 16, 2014, 01:02:56 PM

wait!!
Just for the distribution. Do I get it right?

You hold all Gadgetcoins and you produce the hardware.
Then you sell both to people for a fixed price and they sell it to costumers?
Or is this just right for the hardware?
Cause the coins will be traded on exchanges, so it makes not that much sense.


Thank you for your question.

GadgetCoin has two roles.

1. It is a general digital currency and as such, it can be used to pay for services and to buy things just like with any other currency out there at the moment. It can also be traded on exchanges or directly from the GadgetCoin wallet for BTC/LTC. Most importantly, we hope our users will use it to pay for hardware services like hiring laundromats, self storage units or gym equipment.

2. GadgetCoin will be the currency to pay the network fees on the GadgetCoin network. Our hope is that eventually many millions of devices will use the network. Imagine a business that operates its security gate on the GadgetCoin network (whether as as public or isolated private network) that will have to pay network fees for validating the public keys of the users and performing other authentication functions. That particular gate will pay the network fees in GadgetCoin. It will be a very small fee, but as more and more hardware will use our network the demand for our coin will grow as well. I am mentioning the security gate because it was brought up today in a meeting that our first viable pilot project might be with a security company that is very interested in our technology and is willing to operate their gates on the Gadget network.

We are sorry for the confusion about the hardware-GadgetCoin dynamic.

As for the distribution, yes, initially the GadgetcCoin Foundation will have the coins, and as of now the distribution of the coins hasn't been finalized yet. We want to distribute the coins fairly to our supporters, investors, and people who help us to bring this idea to fruition even with small contributions like promoting it on twitter.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 16, 2014, 01:18:27 PM
Please check out the first press release about GadgetCoin at http://shar.es/1X3VkE (http://shar.es/1X3VkE).

If you like the idea of digital currency on embedded devices and our GadgetCoin project then please follow us on Twitter @GadgetCoin!



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 16, 2014, 01:50:14 PM
Please check out the first press release about GadgetCoin at http://shar.es/1X3VkE (http://shar.es/1X3VkE).

If you like the idea of digital currency on embedded devices and our GadgetCoin project then please follow us on Twitter @GadgetCoin!



Done, GadgetCoin is followed on Twitter.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on November 17, 2014, 11:36:30 AM
The IoT digital currency field is getting busy, the IoT race is on. Many if not all altcoin have been a pump & dump in some form, I hope this will be different.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Edward_Cryptonit on November 17, 2014, 11:42:20 AM
Thank you for all the valuable discussion here. Have been following this thread for a while.

Any feedback concerning the distribution model though?

Regards
Edward


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 17, 2014, 11:55:27 AM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 17, 2014, 12:21:14 PM
Thank you for all the valuable discussion here. Have been following this thread for a while.

Any feedback concerning the distribution model though?

Regards
Edward

The distribution model hasn't been finalized yet. We're still looking for more feedback from the community.

Thank you for your interest! Your Cryptonit exchange, which is by the way a very nicely done crypto currency exchange, sets an exemplary standard by listing only open source software based currencies. Thanks, and it's really great to see you here!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 17, 2014, 12:34:03 PM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)

It seems the broker smart contract solves a real world business problem and sure, we will try to give you the broker smart contract function. Could you specify the main parameters for the contract please?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 17, 2014, 12:49:22 PM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)

It seems the broker smart contract solves a real world business problem and sure, we will try to give you the broker smart contract function. Could you specify the main parameters for the contract please?

So what is it? A broker platform or an IoT platform?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: gadgetcoin on November 17, 2014, 01:29:08 PM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)

It seems the broker smart contract solves a real world business problem and sure, we will try to give you the broker smart contract function. Could you specify the main parameters for the contract please?

So what is it? A broker platform or an IoT platform?

Our focus is most definitely on the internet of things platforms, but whenever we meet with hardware integrators the first question is always "How can we acquire Gadgetcoin?" Surely we cannot avoid Gadgetcoin being listed on exchanges, but following the MtGox and Mintpal fiasco we can see a lot of resistance from new digital currency users when it comes to putting money in exchanges. Looking at it from a convenience standpoint it would also be better for the users to be able to buy Gadgetcoin in the wallet. This is because it would be the same place that the user is creating, monitoring, and configuring smart contracts so it would streamline the acquisition process of Gadgetcoin. Using a practical example, a hardware integrator for a security system would not need to go to the exchange to buy Gadgetcoin if the wallet has this decentralized exchange feature, instead he can buy 10 GDC to operate their 10 hardware modules from the wallet directly to simplify the process.  How does this work? The hardware integrator creates a smart contract that buys 10 GDC with the exchange rate of 0.005 BTC. Every gadget coin user will be able to see that smart contract in their wallet, and if you wish to sell your coin, then you will enter into the deal and sell 10 GDC for 0.05 BTC for the hardware integrator user. Furthermore, so far our biggest problem when dealing with hardware integrators, we have to educate people how to use exchanges to acquire Gadgetcoins, and we would rather cut this step out. If the Gadgetcoin wallet offers a decentralized exchange feature then it lowers the risk for our users by not having to use potentially risky exchanges.

Please read our white paper for more information about the decentralized exchange feature.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 17, 2014, 01:53:33 PM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)

It seems the broker smart contract solves a real world business problem and sure, we will try to give you the broker smart contract function. Could you specify the main parameters for the contract please?

So what is it? A broker platform or an IoT platform?

Our focus is most definitely on the internet of things platforms, but whenever we meet with hardware integrators the first question is always "How can we acquire Gadgetcoin?" Surely we cannot avoid Gadgetcoin being listed on exchanges, but following the MtGox and Mintpal fiasco we can see a lot of resistance from new digital currency users when it comes to putting money in exchanges. Looking at it from a convenience standpoint it would also be better for the users to be able to buy Gadgetcoin in the wallet. This is because it would be the same place that the user is creating, monitoring, and configuring smart contracts so it would streamline the acquisition process of Gadgetcoin. Using a practical example, a hardware integrator for a security system would not need to go to the exchange to buy Gadgetcoin if the wallet does not have this decentralized exchange feature, instead he can buy 10 GDC to operate their 10 hardware modules from the wallet directly to simplify the process.  How does this work? The hardware integrator creates a smart contract that buys 10 GDC with the exchange rate of 0.005 BTC. Every gadget coin user will be able to see that smart contract in their wallet, and if you wish to sell your coin, then you will enter into the deal and sell 10 GDC for 0.05 BTC for the hardware integrator user. Furthermore, so far our biggest problem when dealing with hardware integrators, we have to educate people how to use exchanges to acquire Gadgetcoins, and we would rather cut this step out. If the Gadgetcoin wallet offers a decentralized exchange feature then it lowers the risk for our users by not having to use potentially risky exchanges.

Please read our white paper for more information about the decentralized exchange feature.

Thanks for your thoughtful reply and explaining the decentralized exchange feature. From hardware integrator end user viewpoint that make sense. If you make easier for users to use the platform, then you will have a better chance to grow your user base. However, if the majority of GadgetCoin is dealt for BTC and FIAT within the GadgetCoin wallet, that means you will loss the interest of whales who make their most money on exchanges. To be honest, I am not sure what is better for a coin, having the whales like Bobsurplus on their side or not :-))) but again, from hardware integrator viewpoint to simplify the usage of a system is a good idea.

 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 17, 2014, 03:05:30 PM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)

It seems the broker smart contract solves a real world business problem and sure, we will try to give you the broker smart contract function. Could you specify the main parameters for the contract please?

What parameters? do I need to work, i can't get rich without work?  >:(

ok, no problem  :)  i will come back with the specifications. I spoke to a few colleagues and we think decentralized, trust-less smart contracts could revolutionize the broker industry. i actually asked the very same question about broker smart contracts from Ethereum, counterparty and Bitbay, it seems none of them excited about this idea. it's smart that you don't ignore the requests that comes directly from the business world.


http://i.imgur.com/VNqmkRQ.jpg

http://i.imgur.com/eKD6VcS.jpg


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Youghoor on November 17, 2014, 03:09:06 PM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)

It seems the broker smart contract solves a real world business problem and sure, we will try to give you the broker smart contract function. Could you specify the main parameters for the contract please?

What parameters? do I need to work, i can't get rich without work?  >:(

ok, no problem  :)  i will come back with the specifications. I spoke to a few colleagues and we think decentralized, trust-less smart contracts could revolutionize the broker industry. i actually asked the very same question about broker smart contracts from Ethereum, counterparty and Bitbay, it seems none of them excited about this idea. it's smart that you don't ignore the requests that comes directly from the business world.


http://i.imgur.com/VNqmkRQ.jpg

http://i.imgur.com/eKD6VcS.jpg


have a market research and then you will know


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 17, 2014, 03:14:27 PM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)

It seems the broker smart contract solves a real world business problem and sure, we will try to give you the broker smart contract function. Could you specify the main parameters for the contract please?

What parameters? do I need to work, i can't get rich without work?  >:(

ok, no problem  :)  i will come back with the specifications. I spoke to a few colleagues and we think decentralized, trust-less smart contracts could revolutionize the broker industry. i actually asked the very same question about broker smart contracts from Ethereum, counterparty and Bitbay, it seems none of them excited about this idea. it's smart that you don't ignore the requests that comes directly from the business world.



have a market research and then you will know

have a market research and I will know what?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Corleone1918 on November 17, 2014, 03:26:27 PM
have a ico?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 17, 2014, 04:00:14 PM
have a ico?

There won't be an ICO for this coin. We certainly want to be financially rewarded for our work, but before selling the coin we will release a fully functional software and Internet of Things platform.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2mer01 on November 18, 2014, 07:41:56 AM
how you going to compete with ethereum and bitbay? too many coins try to do decentralized markets, exchanges, smart contracts.

No, GadgetCoin doesn't implement a decentralized market place, we are focusing only on one area and trying to do that very well, which is smart contracts on Internet of Things. Ethereum and BitBay are great projects and we don't compete with them, GadgetCoin will be more a complement to existing solutions. Even Ethereum and BitBay will be able to use our API, and we envision a mutually beneficial partnership with all digital currencies.

Do you know Tilecoin? Can you compare these two great project?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Corleone1918 on November 18, 2014, 08:26:56 AM
have a ico?

There won't be an ICO for this coin. We certainly want to be financially rewarded for our work, but before selling the coin we will release a fully functional software and Internet of Things platform.

so you just want money.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on November 18, 2014, 11:17:04 AM
have a ico?

There won't be an ICO for this coin. We certainly want to be financially rewarded for our work, but before selling the coin we will release a fully functional software and Internet of Things platform.

so you just want money.

How did you concluded that proposition from the answer you received?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on November 18, 2014, 11:39:20 AM
how you going to compete with ethereum and bitbay? too many coins try to do decentralized markets, exchanges, smart contracts.

No, GadgetCoin doesn't implement a decentralized market place, we are focusing only on one area and trying to do that very well, which is smart contracts on Internet of Things. Ethereum and BitBay are great projects and we don't compete with them, GadgetCoin will be more a complement to existing solutions. Even Ethereum and BitBay will be able to use our API, and we envision a mutually beneficial partnership with all digital currencies.

Do you know Tilecoin? Can you compare these two great project?

I had this question myself. None of the software exists, both projects are at the design phase so I started to read the white paper of this coin. It's a 28 pages material and I haven't finished yet  :D  The Tilecoin OP says "Our White Paper - In progress". It's hard to compare two concepts when only once concept is presented, we need to wait with the comparison until Tilecoin publish their white paper.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 18, 2014, 11:56:38 AM
have a ico?

There won't be an ICO for this coin. We certainly want to be financially rewarded for our work, but before selling the coin we will release a fully functional software and Internet of Things platform.

so you just want money.

How did you concluded that proposition from the answer you received?

He could conclude that from the answer, because he is not the sharpest knife in the kitchen.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 18, 2014, 12:20:08 PM
how you going to compete with ethereum and bitbay? too many coins try to do decentralized markets, exchanges, smart contracts.

No, GadgetCoin doesn't implement a decentralized market place, we are focusing only on one area and trying to do that very well, which is smart contracts on Internet of Things. Ethereum and BitBay are great projects and we don't compete with them, GadgetCoin will be more a complement to existing solutions. Even Ethereum and BitBay will be able to use our API, and we envision a mutually beneficial partnership with all digital currencies.

Do you know Tilecoin? Can you compare these two great project?

Thank you for your question.

TileCoin is a great project, I have no doubt both TileCoin and Bitbay will be very successful coins. I hope these three projects, TileCoin, Bitbay and GadgetCoin will find the common ground for collaboration in the Internet of Things, we will be more than happy to cooperate to bring digital currencies to the hardware field.

As for the comparison, probably our white paper (http://www.gadgetcoin.org/Content/docs/whitepaper_v_1.0.pdf) is the best start, we try to describe there what GadgetCoin is.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 18, 2014, 03:49:20 PM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)

It seems the broker smart contract solves a real world business problem and sure, we will try to give you the broker smart contract function. Could you specify the main parameters for the contract please?

here you go, here are the parameters  :)

i want to sell company stock or digital currency to my clients behalf of the owner of the stock or digital currency. as i am a broker both the sellers and buyers are my clients. all this would be done with smart contracts. the owner of the company stock or currency want to receive Bitcoin.

The company that gives me the authority to sell the securities pays me 50% commission for selling the stock or currency. gadgetcoin can pay me 50% and i will sell gadgetcoin  ;D

can it be a multi layer contract? i noticed a discussion in this thread about the multi layer contracts. that's a cool structure, can it be included?

the contract must be digitally signed by me and the buyers

thats' all  ;)





 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 18, 2014, 05:47:37 PM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)

It seems the broker smart contract solves a real world business problem and sure, we will try to give you the broker smart contract function. Could you specify the main parameters for the contract please?

here you go, here are the parameters  :)

i want to sell company stock or digital currency to my clients behalf of the owner of the stock or digital currency. as i am a broker both the sellers and buyers are my clients. all this would be done with smart contracts. the owner of the company stock or currency want to receive Bitcoin.

The company that gives me the authority to sell the securities pays me 50% commission for selling the stock or currency. gadgetcoin can pay me 50% and i will sell gadgetcoin  ;D

can it be a multi layer contract? i noticed a discussion in this thread about the multi layer contracts. that's a cool structure, can it be included?

the contract must be digitally signed by me and the buyers

thats' all  ;)

 

Thanks for sending this feature request. We are not endorsing such multi-layer broker contract, but this is a very interesting use case and we are happy to stress test our smart contract engine using this scenario.

In this theoretical, experimental business relation the constraints are the following
- Both your seller and buyer clients must have a GadgetCoin wallet. You are absolutely correct about the requirement for digital signature, but both your seller and buyer clients must sign the contract. In your description only you, the broker and your buyer client signs the contract. I think to model a correct relation via the smart contract all parties must sign the contract.

- If the contract for a theoretical GadgetCoin sale in which you the broker sells GadgetCoin on behalf of the GadgetCoin Foundation, the recipient of the Bitcoin will be the Foundation that redistributes the commissions to you and your multi layer parties. Is that acceptable in your particular use case?



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Corleone1918 on November 18, 2014, 06:40:06 PM
have a ico?

There won't be an ICO for this coin. We certainly want to be financially rewarded for our work, but before selling the coin we will release a fully functional software and Internet of Things platform.

so you just want money.

How did you concluded that proposition from the answer you received?

if everything is ok, why you need money?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 18, 2014, 07:33:15 PM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)

It seems the broker smart contract solves a real world business problem and sure, we will try to give you the broker smart contract function. Could you specify the main parameters for the contract please?

here you go, here are the parameters  :)

i want to sell company stock or digital currency to my clients behalf of the owner of the stock or digital currency. as i am a broker both the sellers and buyers are my clients. all this would be done with smart contracts. the owner of the company stock or currency want to receive Bitcoin.

The company that gives me the authority to sell the securities pays me 50% commission for selling the stock or currency. gadgetcoin can pay me 50% and i will sell gadgetcoin  ;D

can it be a multi layer contract? i noticed a discussion in this thread about the multi layer contracts. that's a cool structure, can it be included?

the contract must be digitally signed by me and the buyers

thats' all  ;)

 

Thanks for sending this feature request. We are not endorsing such multi-layer broker contract, but this is a very interesting use case and we are happy to stress test our smart contract engine using this scenario.

In this theoretical, experimental business relation the constraints are the following
- Both your seller and buyer clients must have a GadgetCoin wallet. You are absolutely correct about the requirement for digital signature, but both your seller and buyer clients must sign the contract. In your description only you, the broker and your buyer client signs the contract. I think to model a correct relation via the smart contract all parties must sign the contract.

- If the contract for a theoretical GadgetCoin sale in which you the broker sells GadgetCoin on behalf of the GadgetCoin Foundation, the recipient of the Bitcoin will be the Foundation that redistributes the commissions to you and your multi layer parties. Is that acceptable in your particular use case?




wow, thanks for acting upon my feature request.

the wallet for for both my seller and buyer clients shouldn't be a problem, they will create the wallet.

Regards,
Albert


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 18, 2014, 10:55:56 PM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)

It seems the broker smart contract solves a real world business problem and sure, we will try to give you the broker smart contract function. Could you specify the main parameters for the contract please?

here you go, here are the parameters  :)

i want to sell company stock or digital currency to my clients behalf of the owner of the stock or digital currency. as i am a broker both the sellers and buyers are my clients. all this would be done with smart contracts. the owner of the company stock or currency want to receive Bitcoin.

The company that gives me the authority to sell the securities pays me 50% commission for selling the stock or currency. gadgetcoin can pay me 50% and i will sell gadgetcoin  ;D

can it be a multi layer contract? i noticed a discussion in this thread about the multi layer contracts. that's a cool structure, can it be included?

the contract must be digitally signed by me and the buyers

thats' all  ;)

 

Thanks for sending this feature request. We are not endorsing such multi-layer broker contract, but this is a very interesting use case and we are happy to stress test our smart contract engine using this scenario.

In this theoretical, experimental business relation the constraints are the following
- Both your seller and buyer clients must have a GadgetCoin wallet. You are absolutely correct about the requirement for digital signature, but both your seller and buyer clients must sign the contract. In your description only you, the broker and your buyer client signs the contract. I think to model a correct relation via the smart contract all parties must sign the contract.

- If the contract for a theoretical GadgetCoin sale in which you the broker sells GadgetCoin on behalf of the GadgetCoin Foundation, the recipient of the Bitcoin will be the Foundation that redistributes the commissions to you and your multi layer parties. Is that acceptable in your particular use case?




wow, thanks for acting upon my feature request.

the wallet for for both my seller and buyer clients shouldn't be a problem, they will create the wallet.

Regards,
Albert

Here you go, we have compiled a video to demonstrate the very first implementation of Broker Smart Contract. Please note this is work in progress and the software will be fine tuned according to the upcoming business requirements.


http://i.imgur.com/3xdRAKV.png (http://youtu.be/8Zj2PzM8wNs)

Or if the image file disappear

Watch here (http://youtu.be/8Zj2PzM8wNs)



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 18, 2014, 11:14:27 PM

Here you go, we have compiled a video to demonstrate the very first implementation of Broker Smart Contract. Please note this is work in progress and the software will be fine tuned according to the upcoming business requirements.


http://i.imgur.com/3xdRAKV.png (http://youtu.be/8Zj2PzM8wNs)

Or if the image file disappear

Watch here (http://youtu.be/8Zj2PzM8wNs)




The first working this kind of broker smart contract I have ever seen and I have been following all smart contract software including Counterparty and Ethereum from the very beginning.

These gadgetcoin boys will be contacted very soon by Ethereum's Vitalik Buterin and Gavin Wood. If Ethereum want to buy you up, don't accept anything less than 1 million $ for your software from Ethereum, Ethereum still has 20 million $!




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 19, 2014, 12:08:54 AM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)

It seems the broker smart contract solves a real world business problem and sure, we will try to give you the broker smart contract function. Could you specify the main parameters for the contract please?

here you go, here are the parameters  :)

i want to sell company stock or digital currency to my clients behalf of the owner of the stock or digital currency. as i am a broker both the sellers and buyers are my clients. all this would be done with smart contracts. the owner of the company stock or currency want to receive Bitcoin.

The company that gives me the authority to sell the securities pays me 50% commission for selling the stock or currency. gadgetcoin can pay me 50% and i will sell gadgetcoin  ;D

can it be a multi layer contract? i noticed a discussion in this thread about the multi layer contracts. that's a cool structure, can it be included?

the contract must be digitally signed by me and the buyers

thats' all  ;)

 

Thanks for sending this feature request. We are not endorsing such multi-layer broker contract, but this is a very interesting use case and we are happy to stress test our smart contract engine using this scenario.

In this theoretical, experimental business relation the constraints are the following
- Both your seller and buyer clients must have a GadgetCoin wallet. You are absolutely correct about the requirement for digital signature, but both your seller and buyer clients must sign the contract. In your description only you, the broker and your buyer client signs the contract. I think to model a correct relation via the smart contract all parties must sign the contract.

- If the contract for a theoretical GadgetCoin sale in which you the broker sells GadgetCoin on behalf of the GadgetCoin Foundation, the recipient of the Bitcoin will be the Foundation that redistributes the commissions to you and your multi layer parties. Is that acceptable in your particular use case?




wow, thanks for acting upon my feature request.

the wallet for for both my seller and buyer clients shouldn't be a problem, they will create the wallet.

Regards,
Albert

Here you go, we have compiled a video to demonstrate the very first implementation of Broker Smart Contract. Please note this is work in progress and the software will be fine tuned according to the upcoming business requirements.


http://i.imgur.com/3xdRAKV.png (http://youtu.be/8Zj2PzM8wNs)

Or if the image file disappear

Watch here (http://youtu.be/8Zj2PzM8wNs)



wow!!! you created an albertmt account  ;D ;D ;D    i will be famous    ;D ;D ;D

Seriously, this is awesome. this is a huge business opportunity for everyone who want to involve with decentralized trade. this is a serious stuff. sorry for spamming this thread, from here i take this conversation off line, I will send PM to the developers with my suggestions.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on November 19, 2014, 12:48:22 AM
Devs!

you said the broker smart contract is doable? when can I test the software?  ;)

It seems the broker smart contract solves a real world business problem and sure, we will try to give you the broker smart contract function. Could you specify the main parameters for the contract please?

here you go, here are the parameters  :)

i want to sell company stock or digital currency to my clients behalf of the owner of the stock or digital currency. as i am a broker both the sellers and buyers are my clients. all this would be done with smart contracts. the owner of the company stock or currency want to receive Bitcoin.

The company that gives me the authority to sell the securities pays me 50% commission for selling the stock or currency. gadgetcoin can pay me 50% and i will sell gadgetcoin  ;D

can it be a multi layer contract? i noticed a discussion in this thread about the multi layer contracts. that's a cool structure, can it be included?

the contract must be digitally signed by me and the buyers

thats' all  ;)

 

Thanks for sending this feature request. We are not endorsing such multi-layer broker contract, but this is a very interesting use case and we are happy to stress test our smart contract engine using this scenario.

In this theoretical, experimental business relation the constraints are the following
- Both your seller and buyer clients must have a GadgetCoin wallet. You are absolutely correct about the requirement for digital signature, but both your seller and buyer clients must sign the contract. In your description only you, the broker and your buyer client signs the contract. I think to model a correct relation via the smart contract all parties must sign the contract.

- If the contract for a theoretical GadgetCoin sale in which you the broker sells GadgetCoin on behalf of the GadgetCoin Foundation, the recipient of the Bitcoin will be the Foundation that redistributes the commissions to you and your multi layer parties. Is that acceptable in your particular use case?




wow, thanks for acting upon my feature request.

the wallet for for both my seller and buyer clients shouldn't be a problem, they will create the wallet.

Regards,
Albert

Here you go, we have compiled a video to demonstrate the very first implementation of Broker Smart Contract. Please note this is work in progress and the software will be fine tuned according to the upcoming business requirements.


http://i.imgur.com/3xdRAKV.png (http://youtu.be/8Zj2PzM8wNs)

Or if the image file disappear

Watch here (http://youtu.be/8Zj2PzM8wNs)




This can really work.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 19, 2014, 01:59:03 AM
Thank you all for your input and support.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 19, 2014, 10:50:12 AM
GadgetCoin is in the news!

http://bit.ly/14KgYJy (http://bit.ly/14KgYJy)

http://bit.ly/1voGIqv (http://bit.ly/1voGIqv)

If you like our project please help us to spread to word about GadgetCoin in Twitter and Facebook.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 19, 2014, 12:24:19 PM
Development Update

We have put more work into the Proof of Consensus protocol to address security related issues. The main issue with consensus based systems is security - there will be constant fight between honest and malicious nodes. The Proof of Consensus protocol implements security functions to detect malicious nodes that put forward fraudulent transactions (i.e. sending money when the balance is not available).  

The Proof of Consensus protocol

1. Manages transaction processing by performing transaction audit and approval.

2. Orchestrates a network wide counter-attack against malicious nodes.

3. Governs the distribution of the network fees. The GadgetCoin network charges hardware and Internet of Things devices a network fee for using the system. The collected network fees are fully shared with the peer nodes that validate and process the transactions. Only the transaction processing nodes will be eligible for network fees.

4. Allows fair coin distribution. All honest peer to peer nodes that participate in transaction processing can forge GadgetCoins - apart from the yearly interest, that's how new GadgetCoin supply enters into the market. The Proof of Consensus protocol provides incentives for keeping the network safe and assisting transaction processing.

Community members and digital currency enthusiasts who don't wish to buy GadgetCoin on the open market can still get free the coins utilizing the Proof of Consensus protocol, even make profit by selling he forged coin on the market. In the meantime, hardware integrators that adopt the GadgetCoin network will have this fresh coin supply on the market.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 19, 2014, 01:32:00 PM
Any news from Ehereum's Vitalik Buterin and Gavin Wood? A friend of mine who is very close to them promised to me that he will let them now about GadgetCoin. I know Ethereum is looking for infrastructure projects, perhaps GadgetCoin and Ethereum could work together?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 19, 2014, 02:18:34 PM
Any news from Ehereum's Vitalik Buterin and Gavin Wood? A friend of mine who is very close to them promised to me that he will let them now about GadgetCoin. I know Ethereum is looking for infrastructure projects, perhaps GadgetCoin and Ethereum could work together?

No, Vitalik Buterin hasn't contacted GadgetCoin  :)

Ethereum and other coins like BitBay or TileCoin will be able to use the GadgetCoin network via our API. GadgetCoin intends to provide a high level fully fledged Turing-complete method library that includes loops, events and callbacks. Using our API all type of smart contract systems could interoperate to communicate with hardware.

It probably sounds arrogant that I suggest these more established projects collaborate with GadgetCoin, and I understand terms of finance and market presence we are not in the league of Ethereum that has almost unlimited sources of money. In fact we are not even in the league of Bitbay or TileCoin that have both already established their presence and large user/fan bases via an ICO, but we hope to cooperate with all smart contract systems by providing them with an IoT engine. 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on November 19, 2014, 02:50:05 PM
Any news from Ehereum's Vitalik Buterin and Gavin Wood? A friend of mine who is very close to them promised to me that he will let them now about GadgetCoin. I know Ethereum is looking for infrastructure projects, perhaps GadgetCoin and Ethereum could work together?

No, Vitalik Buterin hasn't contacted GadgetCoin  :)

Ethereum and other coins like BitBay or TileCoin will be able to use the GadgetCoin network via our API. GadgetCoin intends to provide a high level fully fledged Turing-complete method library that includes loops, events and callbacks. Using our API all type of smart contract systems could interoperate to communicate with hardware.

It probably sounds arrogant that I suggest these more established projects collaborate with GadgetCoin, and I understand terms of finance and market presence we are not in the league of Ethereum that has almost unlimited sources of money. In fact we are not even in the league of Bitbay or TileCoin that have both already established their presence and large user/fan bases via an ICO, but we hope to cooperate with all smart contract systems by providing them with an IoT engine.  

Don't be discouraged by the more advanced market presence of other coins! You demonstrated in the above video that at least you have something, while Ethereum, BitBay and TileCoin have not demonstrated a smart contract software yet.

For full disclosure, I have invested in BitBay, I know what BlackHalo is, but BitBay hasn't demonstrated yet a working smart contract software. You're not far behind the competitors!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on November 19, 2014, 03:07:35 PM
Here are the BitBay videos

http://youtu.be/SfrPRQVSR6Q
http://youtu.be/hGocWhXsOGE
http://youtu.be/EhE_K5qmbQc

As you can see the BitBay solution exists only on a white board, while you have demonstrated already at least something that looks like a working software. The race for smart contract dominance is exciting!  ;D and don't worry, there will be multiple winners.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Altcoin4life on November 19, 2014, 03:16:03 PM
I want this "coin" how do we earn it?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 19, 2014, 03:32:28 PM
Here are the BitBay videos

http://youtu.be/SfrPRQVSR6Q
http://youtu.be/hGocWhXsOGE
http://youtu.be/EhE_K5qmbQc

As you can see the BitBay solution exists only on a white board, while you have demonstrated already at least something that looks like a working software. The race for smart contract dominance is exciting!  ;D and don't worry, there will be multiple winners.



Don't underestimate the earning power of white boards!

White boards combined with waporvare raised billions of dollars venture capital and angel investment, just like the white board helped the Bitbay scam raise 1.2 million $. Go to this thread at https://bitcointalk.org/index.php?topic=857457.0 (https://bitcointalk.org/index.php?topic=857457.0) if you want to know more about the BitBay scam.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 19, 2014, 04:14:06 PM
I want this "coin" how do we earn it?

Thank you for your interest and question.

There are two ways to earn GadgetCoin:

1) By participating in the Proof of Consensus process by running your fully enabled peer node to process transactions and maintain the health of network. We estimate a fully enabled peer node that runs on a very cheap Linux/Windows virtual machine and allows the network enforce security measures against its process could earn at least 1000 GadgetCoin per year. There is an incomplete mathematical model that suggests that number and as we speak we are validating this calculation. Eventually the market will determine the coin price, but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators, which results in a reasonable earning for those users who run an honest peer node. A DigitalOcean box costs $5/month, and there will be a good ROI for participating in the GDC network.

2) You can earn GadgetCoin by receiving an interest rate for staking the coin.

Since the instant transaction processing is the main requirement for IoT and to achieve this there's no mining, these two above listed methods the way for users who do not wish to buy GDC on the free market to still earn coins.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Altcoin4life on November 19, 2014, 04:43:30 PM
I want this "coin" how do we earn it?

Thank you for your interest and question.

There are two ways to earn GadgetCoin:

1) By participating in the Proof of Consensus process by running your fully enabled peer node to process transactions and maintain the health of network. We estimate a fully enabled peer node that runs on a very cheap Linux/Windows virtual machine and allows the network enforce security measures against its process could earn at least 1000 GadgetCoin per year. There is an incomplete mathematical model that suggests that number and as we speak we are validating this calculation. Eventually the market will determine the coin price, but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators, which results in a reasonable earning for those users who run an honest peer node. A DigitalOcean box costs $5/month, and there will be a good ROI for participating in the GDC network.

2) You can earn GadgetCoin by receiving an interest rate for staking the coin.

Since the instant transaction processing is the main requirement for IoT and to achieve this there's no mining, these two above listed methods the way for users who do not wish to buy GDC on the free market to still earn coins.



Thank you, both sound good but when will distribution start? I have many contacts in crypto and if the project is right I always help adoption in numerous ways I just need to know how these coins will be handed out, is this an ICO?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 19, 2014, 06:46:12 PM
I want this "coin" how do we earn it?

Thank you for your interest and question.

There are two ways to earn GadgetCoin:

1) By participating in the Proof of Consensus process by running your fully enabled peer node to process transactions and maintain the health of network. We estimate a fully enabled peer node that runs on a very cheap Linux/Windows virtual machine and allows the network enforce security measures against its process could earn at least 1000 GadgetCoin per year. There is an incomplete mathematical model that suggests that number and as we speak we are validating this calculation. Eventually the market will determine the coin price, but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators, which results in a reasonable earning for those users who run an honest peer node. A DigitalOcean box costs $5/month, and there will be a good ROI for participating in the GDC network.

2) You can earn GadgetCoin by receiving an interest rate for staking the coin.

Since the instant transaction processing is the main requirement for IoT and to achieve this there's no mining, these two above listed methods the way for users who do not wish to buy GDC on the free market to still earn coins.



Thank you, both sound good but when will distribution start? I have many contacts in crypto and if the project is right I always help adoption in numerous ways I just need to know how these coins will be handed out, is this an ICO?

Wow, thank you so much for offering to help us! At this stage I think the most important thing is if people like yourself, who have contacts and understand the market, help us get off the ground. In return for such help we are happy to invite the helpful community members and investors to the GDC Foundation where the major decisions about coin price, selling condition of the coin, hardware sales, distribution of the profit from hardware sales will be made.

There won't be an ICO if initial coin offering is defined as the process when the coin is sold prior to the release the software.
As the OP describes, hardware integrators will be able to buy the coin from the GDC Foundation in the open market. We need to decide prior to that how best to distribute the coin to the investors who are willing to put money into this venture. Over the last few days, especially today after GadgetCoin appeared in the news we received inquiries from investors about how to acquire GadgetCoin. It seems there are serious interest revolving around whether or not to allow brokers to sell the coin. Since quite a few investors are interested in working with us on this venture we have put forward this question to the GDC foundation: should we sell GadgetCoin for a very limited price to those who are willing to help move the project forward?  It would probably be a good idea, as we don't mind having investors onboard who believe in this coin and help them realize a 500% profit. As we said in the OP on the 15th of December we want to start the network, and we would imagine prior to that we need to sort out the pre-sale conditions (if there will be a pre-sale at all). Please let us know what you think.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 19, 2014, 07:10:21 PM
I want this "coin" how do we earn it?

Thank you for your interest and question.

There are two ways to earn GadgetCoin:

1) By participating in the Proof of Consensus process by running your fully enabled peer node to process transactions and maintain the health of network. We estimate a fully enabled peer node that runs on a very cheap Linux/Windows virtual machine and allows the network enforce security measures against its process could earn at least 1000 GadgetCoin per year. There is an incomplete mathematical model that suggests that number and as we speak we are validating this calculation. Eventually the market will determine the coin price, but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators, which results in a reasonable earning for those users who run an honest peer node. A DigitalOcean box costs $5/month, and there will be a good ROI for participating in the GDC network.

2) You can earn GadgetCoin by receiving an interest rate for staking the coin.

Since the instant transaction processing is the main requirement for IoT and to achieve this there's no mining, these two above listed methods the way for users who do not wish to buy GDC on the free market to still earn coins.



Thank you, both sound good but when will distribution start? I have many contacts in crypto and if the project is right I always help adoption in numerous ways I just need to know how these coins will be handed out, is this an ICO?

Wow, thank you so much for offering to help us! At this stage I think the most important thing is if people like yourself, who have contacts and understand the market, help us get off the ground. In return for such help we are happy to invite the helpful community members and investors to the GDC Foundation where the major decisions about coin price, selling condition of the coin, hardware sales, distribution of the profit from hardware sales will be made.

There won't be an ICO if initial coin offering is defined as the process when the coin is sold prior to the release the software.
As the OP describes, hardware integrators will be able to buy the coin from the GDC Foundation in the open market. We need to decide prior to that how best to distribute the coin to the investors who are willing to put money into this venture. Over the last few days, especially today after GadgetCoin appeared in the news we received inquiries from investors about how to acquire GadgetCoin. It seems there are serious interest revolving around whether or not to allow brokers to sell the coin. Since quite a few investors are interested in working with us on this venture we have put forward this question to the GDC foundation: should we sell GadgetCoin for a very limited price to those who are willing to help move the project forward?  It would probably be a good idea, as we don't mind having investors onboard who believe in this coin and help them realize a 500% profit. As we said in the OP on the 15th of December we want to start the network, and we would imagine prior to that we need to sort out the pre-sale conditions (if there will be a pre-sale at all). Please let us know what you think.




I like the idea that people who don't want to buy the coin still can get it by forging and staking.

I strongly suggest, no ICO and no pre-sale please! If albert_mt want to sell it as a broker or Altcoin4life want to sell it in his investor circle prior to release that's none of our business, just like you could sell the project for your friends and family members prior to start to get angel investment, but once the coin is released it must be very-very clear
- the number of coins in the genesis block
- the number of coins sold for early stage investors, family members or friends (to angel investors) prior to the start
- the number of coins GDC Foundation has at the day of start lets say 15/12/2014

These three information are absolutely necessary to make a decision whether this coin worth any investment.

How the community can control the GDC Foundation exactly? I read somewhere there is a voting process, is it voting via smart contracts?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Momimaus on November 19, 2014, 10:36:32 PM
I want this "coin" how do we earn it?

Thank you for your interest and question.

There are two ways to earn GadgetCoin:

1) By participating in the Proof of Consensus process by running your fully enabled peer node to process transactions and maintain the health of network. We estimate a fully enabled peer node that runs on a very cheap Linux/Windows virtual machine and allows the network enforce security measures against its process could earn at least 1000 GadgetCoin per year. There is an incomplete mathematical model that suggests that number and as we speak we are validating this calculation. Eventually the market will determine the coin price, but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators, which results in a reasonable earning for those users who run an honest peer node. A DigitalOcean box costs $5/month, and there will be a good ROI for participating in the GDC network.

2) You can earn GadgetCoin by receiving an interest rate for staking the coin.

Since the instant transaction processing is the main requirement for IoT and to achieve this there's no mining, these two above listed methods the way for users who do not wish to buy GDC on the free market to still earn coins.



Thank you, both sound good but when will distribution start? I have many contacts in crypto and if the project is right I always help adoption in numerous ways I just need to know how these coins will be handed out, is this an ICO?

Wow, thank you so much for offering to help us! At this stage I think the most important thing is if people like yourself, who have contacts and understand the market, help us get off the ground. In return for such help we are happy to invite the helpful community members and investors to the GDC Foundation where the major decisions about coin price, selling condition of the coin, hardware sales, distribution of the profit from hardware sales will be made.

There won't be an ICO if initial coin offering is defined as the process when the coin is sold prior to the release the software.
As the OP describes, hardware integrators will be able to buy the coin from the GDC Foundation in the open market. We need to decide prior to that how best to distribute the coin to the investors who are willing to put money into this venture. Over the last few days, especially today after GadgetCoin appeared in the news we received inquiries from investors about how to acquire GadgetCoin. It seems there are serious interest revolving around whether or not to allow brokers to sell the coin. Since quite a few investors are interested in working with us on this venture we have put forward this question to the GDC foundation: should we sell GadgetCoin for a very limited price to those who are willing to help move the project forward?  It would probably be a good idea, as we don't mind having investors onboard who believe in this coin and help them realize a 500% profit. As we said in the OP on the 15th of December we want to start the network, and we would imagine prior to that we need to sort out the pre-sale conditions (if there will be a pre-sale at all). Please let us know what you think.




I like the idea that people who don't want to buy the coin still can get it by forging and staking.

I strongly suggest, no ICO and no pre-sale please! If albert_mt want to sell it as a broker or Altcoin4life want to sell it in his investor circle prior to release that's none of our business, just like you could sell the project for your friends and family members prior to start to get angel investment, but once the coin is released it must be very-very clear
- the number of coins in the genesis block
- the number of coins sold for early stage investors, family members or friends (to angel investors) prior to the start
- the number of coins GDC Foundation has at the day of start lets say 15/12/2014

These three information are absolutely necessary to make a decision whether this coin worth any investment.

How the community can control the GDC Foundation exactly? I read somewhere there is a voting process, is it voting via smart contracts?


no ICO no preale? So what´s left? Mining or free distribution.

There is no mining in POS and that´s good.
Free distribution is difficult because of loads of sockpuppets.

Hard one I think.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 19, 2014, 10:58:11 PM
I want this "coin" how do we earn it?

Thank you for your interest and question.

There are two ways to earn GadgetCoin:

1) By participating in the Proof of Consensus process by running your fully enabled peer node to process transactions and maintain the health of network. We estimate a fully enabled peer node that runs on a very cheap Linux/Windows virtual machine and allows the network enforce security measures against its process could earn at least 1000 GadgetCoin per year. There is an incomplete mathematical model that suggests that number and as we speak we are validating this calculation. Eventually the market will determine the coin price, but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators, which results in a reasonable earning for those users who run an honest peer node. A DigitalOcean box costs $5/month, and there will be a good ROI for participating in the GDC network.

2) You can earn GadgetCoin by receiving an interest rate for staking the coin.

Since the instant transaction processing is the main requirement for IoT and to achieve this there's no mining, these two above listed methods the way for users who do not wish to buy GDC on the free market to still earn coins.



Thank you, both sound good but when will distribution start? I have many contacts in crypto and if the project is right I always help adoption in numerous ways I just need to know how these coins will be handed out, is this an ICO?

Wow, thank you so much for offering to help us! At this stage I think the most important thing is if people like yourself, who have contacts and understand the market, help us get off the ground. In return for such help we are happy to invite the helpful community members and investors to the GDC Foundation where the major decisions about coin price, selling condition of the coin, hardware sales, distribution of the profit from hardware sales will be made.

There won't be an ICO if initial coin offering is defined as the process when the coin is sold prior to the release the software.
As the OP describes, hardware integrators will be able to buy the coin from the GDC Foundation in the open market. We need to decide prior to that how best to distribute the coin to the investors who are willing to put money into this venture. Over the last few days, especially today after GadgetCoin appeared in the news we received inquiries from investors about how to acquire GadgetCoin. It seems there are serious interest revolving around whether or not to allow brokers to sell the coin. Since quite a few investors are interested in working with us on this venture we have put forward this question to the GDC foundation: should we sell GadgetCoin for a very limited price to those who are willing to help move the project forward?  It would probably be a good idea, as we don't mind having investors onboard who believe in this coin and help them realize a 500% profit. As we said in the OP on the 15th of December we want to start the network, and we would imagine prior to that we need to sort out the pre-sale conditions (if there will be a pre-sale at all). Please let us know what you think.




I like the idea that people who don't want to buy the coin still can get it by forging and staking.

I strongly suggest, no ICO and no pre-sale please! If albert_mt want to sell it as a broker or Altcoin4life want to sell it in his investor circle prior to release that's none of our business, just like you could sell the project for your friends and family members prior to start to get angel investment, but once the coin is released it must be very-very clear
- the number of coins in the genesis block
- the number of coins sold for early stage investors, family members or friends (to angel investors) prior to the start
- the number of coins GDC Foundation has at the day of start lets say 15/12/2014

These three information are absolutely necessary to make a decision whether this coin worth any investment.

How the community can control the GDC Foundation exactly? I read somewhere there is a voting process, is it voting via smart contracts?


GDC Foundation will operate as an autonomous, decentralized organization. There is a special user account in the system which is called "gdcfoundation". There will be rules enforced against this account. Initially the "gdcfoundation" account owns all coins that were generated in the genesis block, but unable to spend any GDC without the approval of the stakeholders. This account is restricted to execute only functions that were approved by the community via a voting process using vote smart contracts. The result of such voting process will  be in the blockchain and the "gdcfoundation" account must include the hash of the vote in any if its transactions. If the transaction of "gdcfoundation" isn't associated with a valid vote hash, the network refuses to execute the transaction. This way GDC Foundation won't be able to spend any GadgetCoin or Bitcoin without the approval of the community. Every wallet in the network will be able to vote. Every vote will be in the blockchain and public. This way every steps of GDC Foundation will be transparent to investors and hardware integrators. Hardware integrators could put money into GDC Foundation to implement a new feature and will be able to control the expenditures from the fund.

It might be a bit idealistic, but we aim to create the world's first autonomous, decentralized company utilizing the power of smart contracts.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 20, 2014, 12:17:48 AM

This diagram describes the autonomous decentralized organization




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on November 20, 2014, 12:35:06 AM
I want this "coin" how do we earn it?

Thank you for your interest and question.

There are two ways to earn GadgetCoin:

1) By participating in the Proof of Consensus process by running your fully enabled peer node to process transactions and maintain the health of network. We estimate a fully enabled peer node that runs on a very cheap Linux/Windows virtual machine and allows the network enforce security measures against its process could earn at least 1000 GadgetCoin per year. There is an incomplete mathematical model that suggests that number and as we speak we are validating this calculation. Eventually the market will determine the coin price, but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators, which results in a reasonable earning for those users who run an honest peer node. A DigitalOcean box costs $5/month, and there will be a good ROI for participating in the GDC network.

2) You can earn GadgetCoin by receiving an interest rate for staking the coin.

Since the instant transaction processing is the main requirement for IoT and to achieve this there's no mining, these two above listed methods the way for users who do not wish to buy GDC on the free market to still earn coins.



Thank you, both sound good but when will distribution start? I have many contacts in crypto and if the project is right I always help adoption in numerous ways I just need to know how these coins will be handed out, is this an ICO?

Wow, thank you so much for offering to help us! At this stage I think the most important thing is if people like yourself, who have contacts and understand the market, help us get off the ground. In return for such help we are happy to invite the helpful community members and investors to the GDC Foundation where the major decisions about coin price, selling condition of the coin, hardware sales, distribution of the profit from hardware sales will be made.

There won't be an ICO if initial coin offering is defined as the process when the coin is sold prior to the release the software.
As the OP describes, hardware integrators will be able to buy the coin from the GDC Foundation in the open market. We need to decide prior to that how best to distribute the coin to the investors who are willing to put money into this venture. Over the last few days, especially today after GadgetCoin appeared in the news we received inquiries from investors about how to acquire GadgetCoin. It seems there are serious interest revolving around whether or not to allow brokers to sell the coin. Since quite a few investors are interested in working with us on this venture we have put forward this question to the GDC foundation: should we sell GadgetCoin for a very limited price to those who are willing to help move the project forward?  It would probably be a good idea, as we don't mind having investors onboard who believe in this coin and help them realize a 500% profit. As we said in the OP on the 15th of December we want to start the network, and we would imagine prior to that we need to sort out the pre-sale conditions (if there will be a pre-sale at all). Please let us know what you think.




I like the idea that people who don't want to buy the coin still can get it by forging and staking.

I strongly suggest, no ICO and no pre-sale please! If albert_mt want to sell it as a broker or Altcoin4life want to sell it in his investor circle prior to release that's none of our business, just like you could sell the project for your friends and family members prior to start to get angel investment, but once the coin is released it must be very-very clear
- the number of coins in the genesis block
- the number of coins sold for early stage investors, family members or friends (to angel investors) prior to the start
- the number of coins GDC Foundation has at the day of start lets say 15/12/2014

These three information are absolutely necessary to make a decision whether this coin worth any investment.

How the community can control the GDC Foundation exactly? I read somewhere there is a voting process, is it voting via smart contracts?


GDC Foundation will operate as an autonomous, decentralized organization. There is a special user account in the system which is called "gdcfoundation". There will be rules enforced against this account. Initially the "gdcfoundation" account owns all coins that were generated in the genesis block, but unable to spend any GDC without the approval of the stakeholders. This account is restricted to execute only functions that were approved by the community via a voting process using vote smart contracts. The result of such voting process will  be in the blockchain and the "gdcfoundation" account must include the hash of the vote in any if its transactions. If the transaction of "gdcfoundation" isn't associated with a valid vote hash, the network refuses to execute the transaction. This way GDC Foundation won't be able to spend any GadgetCoin or Bitcoin without the approval of the community. Every wallet in the network will be able to vote. Every vote will be in the blockchain and public. This way every steps of GDC Foundation will be transparent to investors and hardware integrators. Hardware integrators could put money into GDC Foundation to implement a new feature and will be able to control the expenditures from the fund.

It might be a bit idealistic, but we aim to create the world's first autonomous, decentralized company utilizing the power of smart contracts.

I love it! The world's first decentralized company.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on November 20, 2014, 12:39:26 AM
I want this "coin" how do we earn it?

Thank you for your interest and question.

There are two ways to earn GadgetCoin:

1) By participating in the Proof of Consensus process by running your fully enabled peer node to process transactions and maintain the health of network. We estimate a fully enabled peer node that runs on a very cheap Linux/Windows virtual machine and allows the network enforce security measures against its process could earn at least 1000 GadgetCoin per year. There is an incomplete mathematical model that suggests that number and as we speak we are validating this calculation. Eventually the market will determine the coin price, but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators, which results in a reasonable earning for those users who run an honest peer node. A DigitalOcean box costs $5/month, and there will be a good ROI for participating in the GDC network.

2) You can earn GadgetCoin by receiving an interest rate for staking the coin.

Since the instant transaction processing is the main requirement for IoT and to achieve this there's no mining, these two above listed methods the way for users who do not wish to buy GDC on the free market to still earn coins.



Thank you, both sound good but when will distribution start? I have many contacts in crypto and if the project is right I always help adoption in numerous ways I just need to know how these coins will be handed out, is this an ICO?

Wow, thank you so much for offering to help us! At this stage I think the most important thing is if people like yourself, who have contacts and understand the market, help us get off the ground. In return for such help we are happy to invite the helpful community members and investors to the GDC Foundation where the major decisions about coin price, selling condition of the coin, hardware sales, distribution of the profit from hardware sales will be made.

There won't be an ICO if initial coin offering is defined as the process when the coin is sold prior to the release the software.
As the OP describes, hardware integrators will be able to buy the coin from the GDC Foundation in the open market. We need to decide prior to that how best to distribute the coin to the investors who are willing to put money into this venture. Over the last few days, especially today after GadgetCoin appeared in the news we received inquiries from investors about how to acquire GadgetCoin. It seems there are serious interest revolving around whether or not to allow brokers to sell the coin. Since quite a few investors are interested in working with us on this venture we have put forward this question to the GDC foundation: should we sell GadgetCoin for a very limited price to those who are willing to help move the project forward?  It would probably be a good idea, as we don't mind having investors onboard who believe in this coin and help them realize a 500% profit. As we said in the OP on the 15th of December we want to start the network, and we would imagine prior to that we need to sort out the pre-sale conditions (if there will be a pre-sale at all). Please let us know what you think.




I like the idea that people who don't want to buy the coin still can get it by forging and staking.

I strongly suggest, no ICO and no pre-sale please! If albert_mt want to sell it as a broker or Altcoin4life want to sell it in his investor circle prior to release that's none of our business, just like you could sell the project for your friends and family members prior to start to get angel investment, but once the coin is released it must be very-very clear
- the number of coins in the genesis block
- the number of coins sold for early stage investors, family members or friends (to angel investors) prior to the start
- the number of coins GDC Foundation has at the day of start lets say 15/12/2014

These three information are absolutely necessary to make a decision whether this coin worth any investment.

How the community can control the GDC Foundation exactly? I read somewhere there is a voting process, is it voting via smart contracts?


no ICO no preale? So what´s left? Mining or free distribution.

There is no mining in POS and that´s good.
Free distribution is difficult because of loads of sockpuppets.

Hard one I think.


Don't do free distribution. Free distribution undermines the value of the coin. Pre-sale for a discounted price makes more sense.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 20, 2014, 01:30:31 AM

 ...  but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators


How do you justify $5 price per coin for the hardware integrators?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: gadgetcoin on November 20, 2014, 01:46:23 AM

 ...  but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators


How do you justify $5 price per coin for the hardware integrators?

We plan to have our first pilot project with a security company, and during our talks with them we quoted that their infrastructure would require 1000 gadgetcoins per year to run. We asked them if $5000 a year would be a reasonable price to run their yearly infrastructure. They said it was a reasonable estimate because their current software costs are upward of $60,000 (including SQL, hardware controlling etc)

Even a high-end home that would require home automation can fit this price of $5 per gadgetcoin into their budget. 

Therefore we came to the conclusion that pricing $5 per gadgetcoin is reasonable to enterprise users.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2meraa on November 20, 2014, 07:10:22 AM

 ...  but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators


How do you justify $5 price per coin for the hardware integrators?

We plan to have our first pilot project with a security company, and during our talks with them we quoted that their infrastructure would require 1000 gadgetcoins per year to run. We asked them if $5000 a year would be a reasonable price to run their yearly infrastructure. They said it was a reasonable estimate because their current software costs are upward of $60,000 (including SQL, hardware controlling etc)

Even a high-end home that would require home automation can fit this price of $5 per gadgetcoin into their budget. 

Therefore we came to the conclusion that pricing $5 per gadgetcoin is reasonable to enterprise users.

What's the total gadgetcoin, man?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 20, 2014, 10:38:56 AM

 ...  but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators


How do you justify $5 price per coin for the hardware integrators?

We plan to have our first pilot project with a security company, and during our talks with them we quoted that their infrastructure would require 1000 gadgetcoins per year to run. We asked them if $5000 a year would be a reasonable price to run their yearly infrastructure. They said it was a reasonable estimate because their current software costs are upward of $60,000 (including SQL, hardware controlling etc)

Even a high-end home that would require home automation can fit this price of $5 per gadgetcoin into their budget. 

Therefore we came to the conclusion that pricing $5 per gadgetcoin is reasonable to enterprise users.

What's the total gadgetcoin, man?

The genesis block will be created with at least 1 million GDC. The exact volume will be determined by the demand from early stage supporters, community members, brokers and investors. The feedback from our early stage brokers and investors indicate that at least 1 million GDC is required in the genesis block.

The plan is, that the total supply will grow to 10 million GDC via forging and staking by 2030.

It's also an option to start with a significantly higher coin supply and lower the price of the coin, i.e. to charge 0.5$ per coin for hardware integrators instead of charging $5 per coin.

Please let us know what you think, what is the better, higher volume and lower price or low volume and higher price? We're still looking for more feedback from the community, it would be a great help to us whenever someone participates and voices their opinion.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 20, 2014, 11:30:38 AM

 ...  but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators


How do you justify $5 price per coin for the hardware integrators?

We plan to have our first pilot project with a security company, and during our talks with them we quoted that their infrastructure would require 1000 gadgetcoins per year to run. We asked them if $5000 a year would be a reasonable price to run their yearly infrastructure. They said it was a reasonable estimate because their current software costs are upward of $60,000 (including SQL, hardware controlling etc)

Even a high-end home that would require home automation can fit this price of $5 per gadgetcoin into their budget. 

Therefore we came to the conclusion that pricing $5 per gadgetcoin is reasonable to enterprise users.

Thanks, that make sense, such price would work with enterprise users and even with high-end home. I wouldn't mind to pay $5 per year to control my home automation system, smart meters, garage door opener, Zigbee switches and routers with one system. Currently I have to use 10 remote controls and 15 software to manage all gadgets in in my house. So I think you have a very viable use case and that makes me being interested in this coin.

In my opinion from investors' viewpoint it doesn't matter whether you have a low coin supply and high price or vice versa. The most important is to be clear and transparent about the terms of conditions .

As I said before, if albert_mt want to sell it as a broker or Altcoin4life want to sell it in his investor circle prior to the release that's none of our business, just like you could sell the project for your friends and family members prior to start to get angel investment, but once the coin is released the following must be very-very clear

- the number of coins in the genesis block
- the number of coins sold by albert_mt, Altcoin4life or by yourself for early stage investors, family members or friends (to angel investors) prior to the start
- the number of coins GDC Foundation still owns at the day of start


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 20, 2014, 12:46:27 PM

 ...  but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators


How do you justify $5 price per coin for the hardware integrators?

We plan to have our first pilot project with a security company, and during our talks with them we quoted that their infrastructure would require 1000 gadgetcoins per year to run. We asked them if $5000 a year would be a reasonable price to run their yearly infrastructure. They said it was a reasonable estimate because their current software costs are upward of $60,000 (including SQL, hardware controlling etc)

Even a high-end home that would require home automation can fit this price of $5 per gadgetcoin into their budget. 

Therefore we came to the conclusion that pricing $5 per gadgetcoin is reasonable to enterprise users.

Thanks, that make sense, such price would work with enterprise users and even with high-end home. I wouldn't mind to pay $5 per year to control my home automation system, smart meters, garage door opener, Zigbee switches and routers with one system. Currently I have to use 10 remote controls and 15 software to manage all gadgets in in my house. So I think you have a very viable use case and that makes me being interested in this coin.

In my opinion from investors' viewpoint it doesn't matter whether you have a low coin supply and high price or vice versa. The most important is to be clear and transparent about the terms of conditions .

As I said before, if albert_mt want to sell it as a broker or Altcoin4life want to sell it in his investor circle prior to the release that's none of our business, just like you could sell the project for your friends and family members prior to start to get angel investment, but once the coin is released the following must be very-very clear

- the number of coins in the genesis block
- the number of coins sold by albert_mt, Altcoin4life or by yourself for early stage investors, family members or friends (to angel investors) prior to the start
- the number of coins GDC Foundation still owns at the day of start


Thank you for your support and suggestions! We will definitely take them on board.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mydearvoice on November 20, 2014, 02:06:58 PM
Looks like a joke, really, I cannot read this coin,


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: accuracy on November 20, 2014, 02:12:23 PM
I'm not very good, I think this is a hoax, hateful  >:(


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Isamar on November 20, 2014, 02:14:25 PM
I'm not very good, I think this is a hoax, hateful  >:(
I very much agree with your idea, I think so


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Maeve on November 20, 2014, 02:19:44 PM
Get some new ideas to get money? Boring scam, I very hate  >:(  >:(  >:(  >:(


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Kaleigh on November 20, 2014, 02:23:54 PM
Get some new ideas to get money? Boring scam, I very hate  >:(  >:(  >:(  >:(
I know this may be Chinese engage in fraud, I know some insider, simple tricks


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 20, 2014, 02:26:31 PM
@mydearvoice, @accuracy, @Isamar, @Maeve, @Kaleigh


We are sorry you don't like the coin, hopefully we can win you over in the future.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 20, 2014, 03:46:27 PM
wow, what a fud attack, 5 handles in the same time, where did it come from?  :D


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 20, 2014, 08:14:35 PM
wow, what a fud attack, 5 handles in the same time, where did it come from?  :D

Don't worry about the FUD. The FUDders frightened about the software development what the white paper from these GadgetCoin boys suggests, so the FUDders spread FUD. This was an orchestrated brigade effort which makes them look even more idiot. I can assure you if GadgetCoin delivers (and there is of course an if), then there will be 10 times more FUD than what this handicap Chinese FUD brigade delivered.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Momimaus on November 20, 2014, 10:16:42 PM

I am not sure if it´s a good idea to sell only 10% and put 90% up for forging.

First question, will someone hold the 90% or is it hardcoded?
Hold by devs --> no go

Second. Aren´t their incentives for forgers due to payment fees?
Most other coins use this fees as incentive.

Third. Why do you need brokers? Just for the people who doesn´t want to mess around with cryptos? Cause the usual cryptouser can buy it on exchanges, isn´t it?



Another dangerous point. The companys will be very cautious about the volatily of GDC. So when they want to decide if they will buy a hardware box or not, they want to know if they yearly costs remain at 5$ or not, cause if they pice rises they are forced to buy GDC at a higher price or throw their box in the garbage.

So how can the price remain stable? Not possible for a cryptocoin.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 20, 2014, 11:53:30 PM

I am not sure if it´s a good idea to sell only 10% and put 90% up for forging.

First question, will someone hold the 90% or is it hardcoded?
Hold by devs --> no go

Second. Aren´t their incentives for forgers due to payment fees?
Most other coins use this fees as incentive.

Third. Why do you need brokers? Just for the people who doesn´t want to mess around with cryptos? Cause the usual cryptouser can buy it on exchanges, isn´t it?



Another dangerous point. The companys will be very cautious about the volatily of GDC. So when they want to decide if they will buy a hardware box or not, they want to know if they yearly costs remain at 5$ or not, cause if they pice rises they are forced to buy GDC at a higher price or throw their box in the garbage.

So how can the price remain stable? Not possible for a cryptocoin.




Thank you for your posting your view. It helps a lot and your opinion is very much appreciated.

I can confirm that the developers will have zero GadgetCoins. To keep the coin distribution transparent the software development, hardware engineering, sales & marketing team will not receive GadgetCoin for their work. You will be able to verify in the blockchain and the rich list at the start whether or not the GDC Foundation owns all coins. There won't be any hidden coin distribution.

The 90% remaining coins of course wont be hard coded anywhere. It will be added gradually to the supply via forging and staking to increase the coin supply to 10 million by 2030. Just as with any other topic, we are willing to listen the community about whether or not this is a good idea.

As we said in the description of the Proof of Consensus protocol the network fees will be distributed to the community via their transaction processing wallets. Again, let us know please if you are happy with such a policy.

We have been approached by stock and currency brokers who think their industrial and hardware related clients will be very interested in GadgetCoin and they they want to sell our coin to their clients. Many investors outside crypto are very interested in digital currencies, but because of the Mtgox and Mintpal fiasco they would never buy the coin from exchanges, but they trust their broker. We thought it would be a great opportunity for GDC Foundation to generate revenue and build relationships with angel investors. Such a sale will be transparent and in the blockchain. It would be prior to the release of the software and wont interfere with the coin trade on the exchanges. The buyers aren't P&D groups but institutional investors who are willing to hold the coin for a long period of time.

As for the price, the $5.00 price tag is a rather arbitrary number. The constant number is the $5.00 yearly network fee. We think the network fee fee should be around $5.00 per year per hardware module. If the price of GDC drops to 0.5$, then the hardware operator will have to purchase 10 GDC per year. Consequently if the price is $10.00, then the one year network fee will be 0.5 GDC. We can also adjust the network fee, the $5.00 per year is an initial speculative price. We have described this pricing policy to a few hardware integrators and the reaction was that this would be satisfactory to them.

Please let us know what you think.





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: cyberhacker on November 21, 2014, 12:15:25 AM
so 1 million presale with 5 USD price?

am i right?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: gadgetcoin on November 21, 2014, 01:01:20 AM
so 1 million presale with 5 USD price?

am i right?

We have stated several times on this thread that there won't be a presale for $5 for this coin.  There will however be some form of presale for a VERY discounted price aimed at institutional investors and interested community members. The presale will take place after the software is released but before the coin enters the exchanges. Institutional and angel investors understand that it takes time for hardware integrators to adopt the coin and the development board sales to kick off.

The $5 price will be for hardware integrators and buyers of the development board. At least we hope that investors who hold the coin from presale, and community members who forge the coin, will be able to sell it for $5 down the line.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 21, 2014, 02:13:56 AM
This proposition sounds better and better. Exciting times ahead for hardware and Internet of Things related coins. I think, apart from cocaine sale on the dark net, hardware and Internet of Things is the area where digital currencies and peer to peer mesh networks could be very useful and make an immediate impact.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2meraa on November 21, 2014, 07:15:26 AM

 ...  but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators


How do you justify $5 price per coin for the hardware integrators?

We plan to have our first pilot project with a security company, and during our talks with them we quoted that their infrastructure would require 1000 gadgetcoins per year to run. We asked them if $5000 a year would be a reasonable price to run their yearly infrastructure. They said it was a reasonable estimate because their current software costs are upward of $60,000 (including SQL, hardware controlling etc)

Even a high-end home that would require home automation can fit this price of $5 per gadgetcoin into their budget. 

Therefore we came to the conclusion that pricing $5 per gadgetcoin is reasonable to enterprise users.

What's the total gadgetcoin, man?

The genesis block will be created with at least 1 million GDC. The exact volume will be determined by the demand from early stage supporters, community members, brokers and investors. The feedback from our early stage brokers and investors indicate that at least 1 million GDC is required in the genesis block.

The plan is, that the total supply will grow to 10 million GDC via forging and staking by 2030.

It's also an option to start with a significantly higher coin supply and lower the price of the coin, i.e. to charge 0.5$ per coin for hardware integrators instead of charging $5 per coin.

Please let us know what you think, what is the better, higher volume and lower price or low volume and higher price? We're still looking for more feedback from the community, it would be a great help to us whenever someone participates and voices their opinion.


1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 21, 2014, 11:47:57 AM

1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!

We made clear in this thread several times, last time just above your post that the pre-sale price won't be $5.00 / GDC. Brokers indicate us so far a $0.1-$0.5 pre-sale price. Ultimately, the GadgetCoin community and the market will decide the price.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Momimaus on November 21, 2014, 11:53:29 AM

I am not sure if it´s a good idea to sell only 10% and put 90% up for forging.

First question, will someone hold the 90% or is it hardcoded?
Hold by devs --> no go

Second. Aren´t their incentives for forgers due to payment fees?
Most other coins use this fees as incentive.

Third. Why do you need brokers? Just for the people who doesn´t want to mess around with cryptos? Cause the usual cryptouser can buy it on exchanges, isn´t it?



Another dangerous point. The companys will be very cautious about the volatily of GDC. So when they want to decide if they will buy a hardware box or not, they want to know if they yearly costs remain at 5$ or not, cause if they pice rises they are forced to buy GDC at a higher price or throw their box in the garbage.

So how can the price remain stable? Not possible for a cryptocoin.




Thank you for your posting your view. It helps a lot and your opinion is very much appreciated.

I can confirm that the developers will have zero GadgetCoins. To keep the coin distribution transparent the software development, hardware engineering, sales & marketing team will not receive GadgetCoin for their work. You will be able to verify in the blockchain and the rich list at the start whether or not the GDC Foundation owns all coins. There won't be any hidden coin distribution.

The 90% remaining coins of course wont be hard coded anywhere. It will be added gradually to the supply via forging and staking to increase the coin supply to 10 million by 2030. Just as with any other topic, we are willing to listen the community about whether or not this is a good idea.

As we said in the description of the Proof of Consensus protocol the network fees will be distributed to the community via their transaction processing wallets. Again, let us know please if you are happy with such a policy.

We have been approached by stock and currency brokers who think their industrial and hardware related clients will be very interested in GadgetCoin and they they want to sell our coin to their clients. Many investors outside crypto are very interested in digital currencies, but because of the Mtgox and Mintpal fiasco they would never buy the coin from exchanges, but they trust their broker. We thought it would be a great opportunity for GDC Foundation to generate revenue and build relationships with angel investors. Such a sale will be transparent and in the blockchain. It would be prior to the release of the software and wont interfere with the coin trade on the exchanges. The buyers aren't P&D groups but institutional investors who are willing to hold the coin for a long period of time.

As for the price, the $5.00 price tag is a rather arbitrary number. The constant number is the $5.00 yearly network fee. We think the network fee fee should be around $5.00 per year per hardware module. If the price of GDC drops to 0.5$, then the hardware operator will have to purchase 10 GDC per year. Consequently if the price is $10.00, then the one year network fee will be 0.5 GDC. We can also adjust the network fee, the $5.00 per year is an initial speculative price. We have described this pricing policy to a few hardware integrators and the reaction was that this would be satisfactory to them.

Please let us know what you think.





Alright thanks.

I think 90:10 is very much from an investor side, but if you say GDC needs it for the network then I am fine with it. Maybe we need something like a curve with increasing forging/staking gains according to the growing network.

But therefore I have another question. What happens in 2030? All Coins are distributed and the incentives for the nodes going down.


All together, I like the approach.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 21, 2014, 12:23:26 PM

1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!

We made clear in this thread several times, last time just above your post that the pre-sale price won't be $5.00 / GDC. Brokers indicate us so far a $0.1-$0.5 pre-sale price. Ultimately, the GadgetCoin community and the market will decide the price.


if 5$ is the target price I suggest 0.5$-1$ presale price. or make target $1 and start the pre-sale with 0.1$.  more than 1000%, 10x ROI makes the investment opportunity bubblelike. serious, long term investors are happy with 50% gain.

can I the broker determine the price?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 21, 2014, 08:02:51 PM

I am not sure if it´s a good idea to sell only 10% and put 90% up for forging.

First question, will someone hold the 90% or is it hardcoded?
Hold by devs --> no go

Second. Aren´t their incentives for forgers due to payment fees?
Most other coins use this fees as incentive.

Third. Why do you need brokers? Just for the people who doesn´t want to mess around with cryptos? Cause the usual cryptouser can buy it on exchanges, isn´t it?



Another dangerous point. The companys will be very cautious about the volatily of GDC. So when they want to decide if they will buy a hardware box or not, they want to know if they yearly costs remain at 5$ or not, cause if they pice rises they are forced to buy GDC at a higher price or throw their box in the garbage.

So how can the price remain stable? Not possible for a cryptocoin.




Thank you for your posting your view. It helps a lot and your opinion is very much appreciated.

I can confirm that the developers will have zero GadgetCoins. To keep the coin distribution transparent the software development, hardware engineering, sales & marketing team will not receive GadgetCoin for their work. You will be able to verify in the blockchain and the rich list at the start whether or not the GDC Foundation owns all coins. There won't be any hidden coin distribution.

The 90% remaining coins of course wont be hard coded anywhere. It will be added gradually to the supply via forging and staking to increase the coin supply to 10 million by 2030. Just as with any other topic, we are willing to listen the community about whether or not this is a good idea.

As we said in the description of the Proof of Consensus protocol the network fees will be distributed to the community via their transaction processing wallets. Again, let us know please if you are happy with such a policy.

We have been approached by stock and currency brokers who think their industrial and hardware related clients will be very interested in GadgetCoin and they they want to sell our coin to their clients. Many investors outside crypto are very interested in digital currencies, but because of the Mtgox and Mintpal fiasco they would never buy the coin from exchanges, but they trust their broker. We thought it would be a great opportunity for GDC Foundation to generate revenue and build relationships with angel investors. Such a sale will be transparent and in the blockchain. It would be prior to the release of the software and wont interfere with the coin trade on the exchanges. The buyers aren't P&D groups but institutional investors who are willing to hold the coin for a long period of time.

As for the price, the $5.00 price tag is a rather arbitrary number. The constant number is the $5.00 yearly network fee. We think the network fee fee should be around $5.00 per year per hardware module. If the price of GDC drops to 0.5$, then the hardware operator will have to purchase 10 GDC per year. Consequently if the price is $10.00, then the one year network fee will be 0.5 GDC. We can also adjust the network fee, the $5.00 per year is an initial speculative price. We have described this pricing policy to a few hardware integrators and the reaction was that this would be satisfactory to them.

Please let us know what you think.





Alright thanks.

I think 90:10 is very much from an investor side, but if you say GDC needs it for the network then I am fine with it. Maybe we need something like a curve with increasing forging/staking gains according to the growing network.

But therefore I have another question. What happens in 2030? All Coins are distributed and the incentives for the nodes going down.


All together, I like the approach.




The GadgetCoin forging process is different from NXT. With Nxt, all the coins already exist at the creation of genesis block. With GadgetCoin, 90% (or the percentage that the community decides) of the coins do not exist at the beginning, it will be made (forged) by the nodes that process transaction to ensure the health of the network. We use the terminology of "forging" in the sense of this dictionary definition: "to form or make, especially by concentrated effort". That means the transaction processing nodes make the coins. 90% of coins will be made by the transaction processing nodes + staking wallets. The ability to make (forge) the coin is the incentive for processing transactions. The forged coins will be available for spending to the node that made (forged) the coin. To answer your question, there won't be anything to distribute in 2030 as the coins have already been made and will be either in a wallet or on an exchange.

Here is the description of forging from the "Proof of Consensus" section of the OP:

"4. Allows fair coin distribution. All honest peer to peer nodes that participate in transaction processing can forge GadgetCoins - apart from the yearly interest, that's how new GadgetCoin supply enters into the market. The Proof of Consensus protocol provides incentives for keeping the network safe and assisting transaction processing."




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 21, 2014, 08:07:07 PM

1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!

We made clear in this thread several times, last time just above your post that the pre-sale price won't be $5.00 / GDC. Brokers indicate us so far a $0.1-$0.5 pre-sale price. Ultimately, the GadgetCoin community and the market will decide the price.


if 5$ is the target price I suggest 0.5$-1$ presale price. or make target $1 and start the pre-sale with 0.1$.  more than 1000%, 10x ROI makes the investment opportunity bubblelike. serious, long term investors are happy with 50% gain.

can I the broker determine the price?

Thanks for the price suggestions! The smart contracts are flexible so theoretically the brokers could define all attributes, but we think GDC Foundation should determine the price of pre-sale.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 22, 2014, 11:16:02 AM

1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!

We made clear in this thread several times, last time just above your post that the pre-sale price won't be $5.00 / GDC. Brokers indicate us so far a $0.1-$0.5 pre-sale price. Ultimately, the GadgetCoin community and the market will decide the price.


if 5$ is the target price I suggest 0.5$-1$ presale price. or make target $1 and start the pre-sale with 0.1$.  more than 1000%, 10x ROI makes the investment opportunity bubblelike. serious, long term investors are happy with 50% gain.

can I the broker determine the price?

Thanks for the price suggestions! The smart contracts are flexible so theoretically the brokers could define all attributes, but we think GDC Foundation should determine the price of pre-sale.

thanks  :) i sent a pm with the list of potential buyers. my clients loved your first software demo video, well done  :) when the payment demo will be ready? can we finalize the broker commission? is the 50% commission acceptable for the presale?




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 22, 2014, 12:27:25 PM

1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!

We made clear in this thread several times, last time just above your post that the pre-sale price won't be $5.00 / GDC. Brokers indicate us so far a $0.1-$0.5 pre-sale price. Ultimately, the GadgetCoin community and the market will decide the price.


if 5$ is the target price I suggest 0.5$-1$ presale price. or make target $1 and start the pre-sale with 0.1$.  more than 1000%, 10x ROI makes the investment opportunity bubblelike. serious, long term investors are happy with 50% gain.

can I the broker determine the price?

Thanks for the price suggestions! The smart contracts are flexible so theoretically the brokers could define all attributes, but we think GDC Foundation should determine the price of pre-sale.

thanks  :) i sent a pm with the list of potential buyers. my clients loved your first software demo video, well done  :) when the payment demo will be ready? can we finalize the broker commission? is the 50% commission acceptable for the presale?




Thanks! Good to hear your clients loved our software demo. The software is ready for the second demo, we just need to wait our marketing colleague to finalize the video.
As the software has been written from scratch, we have the luxury to add any features that makes the platform more useful, so please let us know if you have any feature suggestions.

As for the commission, the 50% is probably too high. It would send the message that we are are desperate to sell the coin, which is not the case at all. We are working hard on the smart contract technology and of course we aim to make this a very successful coin, but the success doesn't depend on the pre-sale process.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 23, 2014, 05:15:21 PM

1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!

We made clear in this thread several times, last time just above your post that the pre-sale price won't be $5.00 / GDC. Brokers indicate us so far a $0.1-$0.5 pre-sale price. Ultimately, the GadgetCoin community and the market will decide the price.


if 5$ is the target price I suggest 0.5$-1$ presale price. or make target $1 and start the pre-sale with 0.1$.  more than 1000%, 10x ROI makes the investment opportunity bubblelike. serious, long term investors are happy with 50% gain.

can I the broker determine the price?

Thanks for the price suggestions! The smart contracts are flexible so theoretically the brokers could define all attributes, but we think GDC Foundation should determine the price of pre-sale.

thanks  :) i sent a pm with the list of potential buyers. my clients loved your first software demo video, well done  :) when the payment demo will be ready? can we finalize the broker commission? is the 50% commission acceptable for the presale?




Thanks! Good to hear your clients loved our software demo. The software is ready for the second demo, we just need to wait our marketing colleague to finalize the video.
As the software has been written from scratch, we have the luxury to add any features that makes the platform more useful, so please let us know if you have any feature suggestions.

As for the commission, the 50% is probably too high. It would send the message that we are are desperate to sell the coin, which is not the case at all. We are working hard on the smart contract technology and of course we aim to make this a very successful coin, but the success doesn't depend on the pre-sale process.



no problem, brokers could manage the presale with lower commission. it's really awasome you build the broker smart contract feature into the software. it's goin to be big  ;D


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 24, 2014, 12:21:27 PM
Thank you all for your support and interest. This thread was started 2 weeks ago and the interest in our technology is very encouraging. Our potential institutional investors and brokers indicate there is a market for peer to peer technology in hardware, so we keep pushing hard the software development, in the meantime the hardware module has been scheduled for production in the SMT factory.

We will keep you updated!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: erwin45 on November 24, 2014, 12:35:36 PM
Thank you all for your support and interest. This thread was started 2 weeks ago and the interest in our technology is very encouraging. Our potential institutional investors and brokers indicate there is a market for peer to peer technology in hardware, so we keep pushing hard the software development, in the meantime the hardware module has been scheduled for production in the SMT factory.

We will keep you updated!

ill be waiting for more news  ;D especially about the presale


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 24, 2014, 01:06:05 PM
This coin, just like this

https://bitcointalk.org/index.php?topic=864895.0

are very interesting indeed.

We need new technology in the altcoin market. The +500 BTC/LTC clones have been proven completely useless, no one use them at all, there is no use case for them. At least the AI coin and this has a practical use case. In this case, open a security gate using smart contracts, in the meantime charge fees in digital currency. No wonder IBM entered into this field recently.

But apart from the tech aspect, the main money making opportunity here for us investors probably the broker and MLM smart contracts. If the 10 million strong MLM community pick up the idea of selling digital currency to each other, then that will bring 10 of millions of dollars new money to the altcoin market.

Will the the broker MLM smart contracts support to sell other currencies like VeriCoin or the SuperNET assets via the Gadgetcoin network?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 24, 2014, 02:11:18 PM
Once we have more development firepower, the Gadget Protocol will implement all kind of digital currencies. It is just matter of time and software development. The technology is there already, it was demonstrated in the demo video that brokers can sell GDC for Bitcoin. The ultimate goal is to provide users with a technology that enables payments between humans and hardware using all kind of digital currencies.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on November 24, 2014, 02:47:01 PM
guaranteed 10 million $ market cap for the first MLM coin. 10 million $  peanuts for the ML community. if people can sell with MLM they will try everything to do so  ;) i am very excited about the gadgetcoin smart contracts, can't wait to start selling it to the MLM community.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 24, 2014, 03:34:23 PM
I suggest the Gadgetcoin developers read this thread, especially the first post at

https://bitcointalk.org/index.php?topic=869078.0

where Barabbas as always makes sense and explains why the altcoin market is finished.

If you read Barabbas arguments and reasoning you will understand that as a developer with Gadgetcoin you have a very unique opportunity, as  - in contrast with the another 500 BTC/LTC clone  - you have a real use case. Your coin could be useful to solve a real life business problem (just like the AI coin that I quoted above does), and GadgetCoin could actually attract new money/investment into the digital currency market.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 25, 2014, 12:30:50 PM
Also, I think in order to succeed you need to explain better your business case and why blockhain and peer to peer enabled Internet of Things apps are good investment opportunity. The fact that IBM has entered into the race indicates a multi billion dollars business opportunity in this field, the question that need to be answered is, how coins like Bitbay, TileCoin, GadgetCoin can make money for investors? I asked this very same question actually from Bitbay and TileCoin in the past as well, and non of you guys, IoT coins provided investors with a clear business plan yet.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 25, 2014, 02:28:11 PM
Also, I think in order to succeed you need to explain better your business case and why blockhain and peer to peer enabled Internet of Things apps are good investment opportunity. The fact that IBM has entered into the race indicates a multi billion dollars business opportunity in this field, the question that need to be answered is, how coins like Bitbay, TileCoin, GadgetCoin can make money for investors? I asked this very same question actually from Bitbay and TileCoin in the past as well, and non of you guys, IoT coins provided investors with a clear business plan yet.

There is always room for improvement, but we have been putting effort in explaining the business opportunity and strategy in our white paper and this thread. It's not an easy topic to explain, but it seems the ultimate buyers of GadgetCoin, the hardware integrators fully understand the concept. We believe the early users and investors who understand the significance of Internet of Things technologies and buy GDC when it is cheap or forge it for free will be massively rewarded. We started the development of our technology well before IBM announced their development and IBM's involvement was a huge and very encouraging news for us. IBM's announcement speaks for itself and having IBM in the field helps arguing our business case for Internet of Things peer to peer applications. Once IBM announced that this is the future for hardware management and security it's just matter of time until the technology is widely adopted.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 25, 2014, 02:41:45 PM
We are looking for test users to stress test the forging feature and security of the software. Please let us know if you are willing to run a peer node and we will create an account for you on the GadgetCoin test network. First we will run your node in our test network and later the node will run on your computer. It would be great if you could allow to run the node on a completely empty dedicated Linux virtual box to which we could remote log-in to monitor the node. The participating test nodes will forge coins and all coins will be transferred to the live genesis block to say thank you for your help in testing and finalizing the software.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 25, 2014, 03:28:26 PM
We are looking for test users to stress test the forging feature and security of the software. Please let us know if you are willing to run a peer node and we will create an account for you on the GadgetCoin test network. First we will run your node in our test network and later the node will run on your computer. It would be great if you could allow to run the node on a completely empty dedicated Linux virtual box to which we could remote log-in to monitor the node. The participating test nodes will forge coins and all coins will be transferred to the live genesis block to say thank you for your help in testing and finalizing the software.



I am happy to help. Our business have plenty of Linux virtual machines. These are low end 1 GB memory boxes. My understanding was from what you said in this thread that low end boxes could run the nodes. Do you need SSH access to the boxes? How many you need? 1, 5, 10? How many forged coin could we get from one node/box?





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 25, 2014, 04:22:18 PM
We are looking for test users to stress test the forging feature and security of the software. Please let us know if you are willing to run a peer node and we will create an account for you on the GadgetCoin test network. First we will run your node in our test network and later the node will run on your computer. It would be great if you could allow to run the node on a completely empty dedicated Linux virtual box to which we could remote log-in to monitor the node. The participating test nodes will forge coins and all coins will be transferred to the live genesis block to say thank you for your help in testing and finalizing the software.



I am happy to help. Our business have plenty of Linux virtual machines. These are low end 1 GB memory boxes. My understanding was from what you said in this thread that low end boxes could run the nodes. Do you need SSH access to the boxes? How many you need? 1, 5, 10? How many forged coin could we get from one node/box?





Wow, thank you very much, 10 virtual box would be great and 1 GB memory would be more than enough. Could you email the access and login details to developers@gadgetcoin.org please? Also, please email the account names you want to use for each node. The account names you give us will be the live account name of the nodes as well. Alternatively, should we use the altcoinUK01 - altcoinUK10 account names?

The forging intensity determines the number of forged coins. Forging intensity is a configuration setting, similar to the Bitcoin difficulty setting. We start with a high setting value to reward our early adopters and helpers with "free" GadgetCoin, but we don't know exactly how many forged coins will be by the end of the test period. One of the purposes of the test is to fine tune and finalize our forging algorithm.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on November 25, 2014, 05:07:17 PM
We are looking for test users to stress test the forging feature and security of the software. Please let us know if you are willing to run a peer node and we will create an account for you on the GadgetCoin test network. First we will run your node in our test network and later the node will run on your computer. It would be great if you could allow to run the node on a completely empty dedicated Linux virtual box to which we could remote log-in to monitor the node. The participating test nodes will forge coins and all coins will be transferred to the live genesis block to say thank you for your help in testing and finalizing the software.



I am happy to help. Our business have plenty of Linux virtual machines. These are low end 1 GB memory boxes. My understanding was from what you said in this thread that low end boxes could run the nodes. Do you need SSH access to the boxes? How many you need? 1, 5, 10? How many forged coin could we get from one node/box?





Wow, thank you very much, 10 virtual box would be great and 1 GB memory would be more than enough. Could you email the access and login details to developers@gadgetcoin.org please? Also, please email the account names you want to use for each node. The account names you give us will be the live account name of the nodes as well. Alternatively, should we use the altcoinUK01 - altcoinUK10 account names?

The forging intensity determines the number of forged coins. Forging intensity is a configuration setting, similar to the Bitcoin difficulty setting. We start with a high setting value to reward our early adopters and helpers with "free" GadgetCoin, but we don't know exactly how many forged coins will be by the end of the test period. One of the purposes of the test is to fine tune and finalize our forging algorithm.



No problem, I am happy to help, especially if the forged coins will be redeemed in the live network. I will email you the requested config details and don't create the node accounts, I will email you the account names I want to use.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on November 25, 2014, 06:46:52 PM
I can make my linux virtual server available for a test. I will email you the details.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 26, 2014, 11:36:27 AM
Thank you all for your wonderful support in this thread and sent to us directly in emails! We will try to allocate the participating nodes equally to allow for everyone to forge coins. We are configuring the test nodes and the the test will be started in the next few days, so please keep the virtual machines running.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on November 26, 2014, 11:46:16 AM
There were questions why the test is necessary in such a large scale with many virtual machines? GadgetCoin is a completely new system that is written from scratch to implement the smart contract concept that fits into the Internet of Things paradigm. The system doesn't include any software codes from Bitcoin nor any altcoins and as it's the case with every new system we need to be extra careful to ensure that the system is robust and secure.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Edward_Cryptonit on November 26, 2014, 08:46:05 PM
Thank you for all the valuable discussion here. Have been following this thread for a while.

Any feedback concerning the distribution model though?

Regards
Edward

The distribution model hasn't been finalized yet. We're still looking for more feedback from the community.

Thank you for your interest! Your Cryptonit exchange, which is by the way a very nicely done crypto currency exchange, sets an exemplary standard by listing only open source software based currencies. Thanks, and it's really great to see you here!

Thank you for feedback, appreciate it. We are really admire the targets, which Gadgetcoin is aiming for. We are following the development closely and would be glad to adopt on the early stages.

Regards


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on December 01, 2014, 12:47:21 PM
Development Update

Thank you all for helping us for test the network. It is really great that this new coin with currently zero value and non existent market cap is bringing together users to develop a novel technology!

Currently there are over 50 test nodes on the network both on Linux and Windows OS. Several hard forks have been carried out during the last week to fix errors and faults. These aren't fundamental design flaws, but mainly performance related issues and software bugs. The role of this combined test effort is to finalize the protocol and software code. As the test goes on the number of nodes will be increased and new accounts will be added to the test network.

As we promised, the coins that were forged during the test will be transferred to the live network. This process will be transparent and the number of coins forged by each user account will be verifiable on the block chain.

We received several messages regarding the ICO and pre-sale. The distribution method has not been finalized yet, but as it stands now, the developer team is not comfortable enough to enter into an ICO or pre-sale process and to ask money for this coin. It seems most of the ICO process inevitable results in a lower price than the initial coin offering price was, it causes losses to investors and puts day trading pressure on the coin while we develop this technology with a longer view. We think the best way to handle the coin distribution is to allow forging process generate the coins and the free market decides the price. The forging is even more democratic, transparent and accessible for average computer users than mining, and in this case no GadgetCoin developers nor the GDC Foundation will take money from investors. Please let us know what you think?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on December 01, 2014, 01:11:04 PM
Development Update

Thank you all for helping us for test the network. It is really great that this new coin with currently zero value and non existent market cap is bringing together users to develop a novel technology!

Currently there are over 50 test nodes on the network both on Linux and Windows OS. Several hard forks have been carried out during the last week to fix errors and faults. These aren't fundamental design flaws, but mainly performance related issues and software bugs. The role of this combined test effort is to finalize the protocol and software code. As the test goes on the number of nodes will be increased and new accounts will be added to the test network.

As we promised, the coins that were forged during the test will be transferred to the live network. This process will be transparent and the number of coins forged by each user account will be verifiable on the block chain.

We received several messages regarding the ICO and pre-sale. The distribution method has not been finalized yet, but as it stands now, the developer team is not comfortable enough to enter into an ICO or pre-sale process and to ask money for this coin. It seems most of the ICO process inevitable results in a lower price than the initial coin offering price was, it causes losses to investors and puts day trading pressure on the coin while we develop this technology with a longer view. We think the best way to handle the coin distribution is to allow forging process generate the coins and the free market decides the price. The forging is even more democratic, transparent and accessible for average computer users than mining, and in this case no GadgetCoin developers nor the GDC Foundation will take money from investors. Please let us know what you think?


I have buyers for the coin, investors waiting for the launch, if there won't be ICO how can i sell it to my investors?   :-[

can the forged coins put on the market for sale with the broker smart contracts?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on December 01, 2014, 01:44:58 PM
Development Update

Thank you all for helping us for test the network. It is really great that this new coin with currently zero value and non existent market cap is bringing together users to develop a novel technology!

Currently there are over 50 test nodes on the network both on Linux and Windows OS. Several hard forks have been carried out during the last week to fix errors and faults. These aren't fundamental design flaws, but mainly performance related issues and software bugs. The role of this combined test effort is to finalize the protocol and software code. As the test goes on the number of nodes will be increased and new accounts will be added to the test network.

As we promised, the coins that were forged during the test will be transferred to the live network. This process will be transparent and the number of coins forged by each user account will be verifiable on the block chain.

We received several messages regarding the ICO and pre-sale. The distribution method has not been finalized yet, but as it stands now, the developer team is not comfortable enough to enter into an ICO or pre-sale process and to ask money for this coin. It seems most of the ICO process inevitable results in a lower price than the initial coin offering price was, it causes losses to investors and puts day trading pressure on the coin while we develop this technology with a longer view. We think the best way to handle the coin distribution is to allow forging process generate the coins and the free market decides the price. The forging is even more democratic, transparent and accessible for average computer users than mining, and in this case no GadgetCoin developers nor the GDC Foundation will take money from investors. Please let us know what you think?


I have buyers for the coin, investors waiting for the launch, if there won't be ICO how can i sell it to my investors?   :-[

can the forged coins put on the market for sale with the broker smart contracts?

It will be absolutely possible to sell the forged coins in the GadgetCoin wallet using smart contracts. If your investors are interested in GadgetCoin then they will be able to purchase it via the broker smart contracts. Perhaps it would be a better way to start selling the coin via our wallet and network instead of start selling it in exchanges. The beauty of smart contracts that the agreement between you and you investors determines the price. Alternatively, if the community ask, GDC Foundation can determine the price and then all forged coins will be sell for the same price.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on December 01, 2014, 04:21:59 PM
I am happy with the decision that no ICO nor pre-sale will be with GadgetCoin. I am fed up from all ICO, IPO, ITO or name it as you want the money collecting jamboree. Let users forge exactly how Satoshi Nakamoto wanted Bitcoin operate (as he never imagined that large mining corporations will take over the BTC mining process) and lets build up the coin price naturally instead of day trade never mind P&D with an ICO coin. All of us here for the dollar, but must be a way to do it in the right way without scam the hell out from each other.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2mer01 on December 02, 2014, 03:10:17 AM
Development Update

Thank you all for helping us for test the network. It is really great that this new coin with currently zero value and non existent market cap is bringing together users to develop a novel technology!

Currently there are over 50 test nodes on the network both on Linux and Windows OS. Several hard forks have been carried out during the last week to fix errors and faults. These aren't fundamental design flaws, but mainly performance related issues and software bugs. The role of this combined test effort is to finalize the protocol and software code. As the test goes on the number of nodes will be increased and new accounts will be added to the test network.

As we promised, the coins that were forged during the test will be transferred to the live network. This process will be transparent and the number of coins forged by each user account will be verifiable on the block chain.

We received several messages regarding the ICO and pre-sale. The distribution method has not been finalized yet, but as it stands now, the developer team is not comfortable enough to enter into an ICO or pre-sale process and to ask money for this coin. It seems most of the ICO process inevitable results in a lower price than the initial coin offering price was, it causes losses to investors and puts day trading pressure on the coin while we develop this technology with a longer view. We think the best way to handle the coin distribution is to allow forging process generate the coins and the free market decides the price. The forging is even more democratic, transparent and accessible for average computer users than mining, and in this case no GadgetCoin developers nor the GDC Foundation will take money from investors. Please let us know what you think?


Actually I prefer an IPO but I respect the developer team's decision, let us forge this great coin.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on December 02, 2014, 02:27:17 PM
Development Update

Thank you all for helping us for test the network. It is really great that this new coin with currently zero value and non existent market cap is bringing together users to develop a novel technology!

Currently there are over 50 test nodes on the network both on Linux and Windows OS. Several hard forks have been carried out during the last week to fix errors and faults. These aren't fundamental design flaws, but mainly performance related issues and software bugs. The role of this combined test effort is to finalize the protocol and software code. As the test goes on the number of nodes will be increased and new accounts will be added to the test network.

As we promised, the coins that were forged during the test will be transferred to the live network. This process will be transparent and the number of coins forged by each user account will be verifiable on the block chain.

We received several messages regarding the ICO and pre-sale. The distribution method has not been finalized yet, but as it stands now, the developer team is not comfortable enough to enter into an ICO or pre-sale process and to ask money for this coin. It seems most of the ICO process inevitable results in a lower price than the initial coin offering price was, it causes losses to investors and puts day trading pressure on the coin while we develop this technology with a longer view. We think the best way to handle the coin distribution is to allow forging process generate the coins and the free market decides the price. The forging is even more democratic, transparent and accessible for average computer users than mining, and in this case no GadgetCoin developers nor the GDC Foundation will take money from investors. Please let us know what you think?


Actually I prefer an IPO but I respect the developer team's decision, let us forge this great coin.



You could be right about the IPO and can be some positives there which I can't see, so could you explain please, how exactly an IPO/ICO can be beneficial for us, investors in a market where 95% of the coins are scam. Isn't a big risk to pay money for a coin prior to the software is released and fully operational?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2mer01 on December 03, 2014, 02:35:37 AM
Development Update

Thank you all for helping us for test the network. It is really great that this new coin with currently zero value and non existent market cap is bringing together users to develop a novel technology!

Currently there are over 50 test nodes on the network both on Linux and Windows OS. Several hard forks have been carried out during the last week to fix errors and faults. These aren't fundamental design flaws, but mainly performance related issues and software bugs. The role of this combined test effort is to finalize the protocol and software code. As the test goes on the number of nodes will be increased and new accounts will be added to the test network.

As we promised, the coins that were forged during the test will be transferred to the live network. This process will be transparent and the number of coins forged by each user account will be verifiable on the block chain.

We received several messages regarding the ICO and pre-sale. The distribution method has not been finalized yet, but as it stands now, the developer team is not comfortable enough to enter into an ICO or pre-sale process and to ask money for this coin. It seems most of the ICO process inevitable results in a lower price than the initial coin offering price was, it causes losses to investors and puts day trading pressure on the coin while we develop this technology with a longer view. We think the best way to handle the coin distribution is to allow forging process generate the coins and the free market decides the price. The forging is even more democratic, transparent and accessible for average computer users than mining, and in this case no GadgetCoin developers nor the GDC Foundation will take money from investors. Please let us know what you think?


Actually I prefer an IPO but I respect the developer team's decision, let us forge this great coin.



You could be right about the IPO and can be some positives there which I can't see, so could you explain please, how exactly an IPO/ICO can be beneficial for us, investors in a market where 95% of the coins are scam. Isn't a big risk to pay money for a coin prior to the software is released and fully operational?

I read the whitepaper and all of their posts and I trust them, they will deliver a great software, so they deserve the IPO money for their hard work, as you know developer team is the most important factor in a project.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: loveyouforever on December 03, 2014, 02:48:22 AM
Development Update

Thank you all for helping us for test the network. It is really great that this new coin with currently zero value and non existent market cap is bringing together users to develop a novel technology!

Currently there are over 50 test nodes on the network both on Linux and Windows OS. Several hard forks have been carried out during the last week to fix errors and faults. These aren't fundamental design flaws, but mainly performance related issues and software bugs. The role of this combined test effort is to finalize the protocol and software code. As the test goes on the number of nodes will be increased and new accounts will be added to the test network.

As we promised, the coins that were forged during the test will be transferred to the live network. This process will be transparent and the number of coins forged by each user account will be verifiable on the block chain.

We received several messages regarding the ICO and pre-sale. The distribution method has not been finalized yet, but as it stands now, the developer team is not comfortable enough to enter into an ICO or pre-sale process and to ask money for this coin. It seems most of the ICO process inevitable results in a lower price than the initial coin offering price was, it causes losses to investors and puts day trading pressure on the coin while we develop this technology with a longer view. We think the best way to handle the coin distribution is to allow forging process generate the coins and the free market decides the price. The forging is even more democratic, transparent and accessible for average computer users than mining, and in this case no GadgetCoin developers nor the GDC Foundation will take money from investors. Please let us know what you think?


Actually I prefer an IPO but I respect the developer team's decision, let us forge this great coin.



You could be right about the IPO and can be some positives there which I can't see, so could you explain please, how exactly an IPO/ICO can be beneficial for us, investors in a market where 95% of the coins are scam. Isn't a big risk to pay money for a coin prior to the software is released and fully operational?

I read the whitepaper and all of their posts and I trust them, they will deliver a great software, so they deserve the IPO money for their hard work, as you know developer team is the most important factor in a project.

Forging is a good idea, IPO/ICO will attract malicious investors, they buy the coins in IPO/ICO phase and sell them out after it hits exchange, it will hit long-term project very much.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2meraa on December 04, 2014, 03:51:32 AM
I have two questions, kindly comment them:

1. What's the advantage to use blockchain in IoT,  we can do it well without blockchain and some companies already  have solutions of IoT, e.g. smart home, smart grid.

Company located in China:
http://www.shuncom.com/plus/list.php?tid=258

2. Do you have a plan to build a company which will focus on IoT solutions.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on December 04, 2014, 02:47:32 PM
I have two questions, kindly comment them:

1. What's the advantage to use blockchain in IoT,  we can do it well without blockchain and some companies already  have solutions of IoT, e.g. smart home, smart grid.

Company located in China:
http://www.shuncom.com/plus/list.php?tid=258

2. Do you have a plan to build a company which will focus on IoT solutions.


Thanks for the questions and it is great to see your interest in GadgetCoin.

We started to work on the solution in July and IBM announced something similar on 7 September, which was a very encouraging feedback. To think that IBM are having the same trains of thought as us indicated that we are indeed going in the right direction. We were trying to find a solution for an existing problem and IBM thought a block chain enabled solution is perfect for hardware management because one relatively simple, easy to use and flexible application can handle device
a) Security
b) Configuration
c) Provisioning
d) Firmware upgrade
e) Payment services

To answer your question of why we believe that a blockchain application is the correct infrastructure to address IoT requirements, we think a blockchain architecture system could dramatically simplify the security, configuration, provisioning, firmware upgrade and payment service aspects of device management. Currently there are closed source, bespoke applications for each of the aforementioned tasks – the GadgetCoin system will provide users users with tools to address all requirements using one relatively simple concept and system.

The GadgetCoin smart contract application is lot more than a simple hardware control i.e. opening a garage door. A better use case is to open a security vault that is described in our white paper. Using this technology allows a more secure and simplified hardware management. As we speak there are dozens or perhaps hundreds of bespoke systems being designed, all of them using a custom written technology. What IBM and we are trying to achieve is to provide hardware integrators with an application that can handle the most challenging aspects of device management. IBM wouldn't enter into the business if there was no potential for a multibillion dollar market. I understand that we should not pull numbers like this multibillion dollar market from the air, but there will be 50 billion internet connected devices by 2020 and all of those devices need an application that addresses security, configuration, provisioning and upgrade requirements. Without addressing these requirements none of these devices can operate. Therefore, IBM came to the conclusion just like we did, that perhaps the most ingenious invention of the last decade - the block chain - and smart contracts could address all those requirements.

The beauty of blockchain and smart contracts from device management viewpoint that its underlying PPKI (public-private key infrastructure) security enables an elegant and robust security policy implementation on devices. Even application development that must comply with complex security standards like HIPAA could be dramatically simplified using the GadgetCoin blockchain enabled, smart contract system.  

Apart from the security company we mentioned in this thread, we have signed a partnership agreement with a medical device manufacturer and it seems our application will be used to manage the full life cycle of their wearable medical device. The block chain technology would mean the wearer of the device can be authenticated by their doctor as they are on the same peer to peer private network. The data is fully encrypted with the PPKI keys, meaning that it is protected from any malicious and external threats. Then comes the provisioning aspect – each device must be assigned to a patient by the doctor, and then re-assigned on a constant basis if there is a leasing model in place. Smart contracts handle this aspect easily. After this another complex business problem presents itself – firmware updates. How do you update thousands of devices that are deployed with the touch of a button? Again, smart contract technology does this without making it a logistical nightmare. Then comes authentication, the peer to peer network for the clinic or the doctor has to be secure and private enough to transmit medical data. The need for complex server infrastructure is bypassed with our solution. The resulting combination of factors gives this technology alone the potential to revolutionize the data transfer of modern medicine – it all comes down to hardware integration.

Please refer to our white paper for more information on how GadgetCoin aims to address IoT requirements.

As for the question about building a business, yes absolutely, the developers aim to build a business to offer application development, consultancy and infrastructure services for GadgetCoin hardware integrator businesses.

As for the company in China, yes we are aware of many IoT companies but none of them offers such comprehensive solution what GadgetCoin will, not even Thingworx nor Xively which are large publicly listed companies.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on December 04, 2014, 03:39:37 PM
Very valid questions from @tobeaj2meraa, but as I said several times to the Bitbay and TileCoin crew, the same apply to GadgetCoin:  I totally get it, IoT can be a perfect area for the blockchain and smart contracts. IBM wouldn't start to work on this if it wouldn't be a billion $ business opportunity. If this and other IoT coins don't do anything else but secures devices then they will have more usage than all other digital currencies combined. But of course the biggie is the payment for IoT services, at least for me that is the most attractive in gadgetcoin.




 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: loveyouforever on December 06, 2014, 01:39:42 AM
Looks promising, waiting for the launch!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2mer01 on December 06, 2014, 07:51:13 AM
I have two questions, kindly comment them:

1. What's the advantage to use blockchain in IoT,  we can do it well without blockchain and some companies already  have solutions of IoT, e.g. smart home, smart grid.

Company located in China:
http://www.shuncom.com/plus/list.php?tid=258

2. Do you have a plan to build a company which will focus on IoT solutions.


Thanks for the questions and it is great to see your interest in GadgetCoin.

We started to work on the solution in July and IBM announced something similar on 7 September, which was a very encouraging feedback. To think that IBM are having the same trains of thought as us indicated that we are indeed going in the right direction. We were trying to find a solution for an existing problem and IBM thought a block chain enabled solution is perfect for hardware management because one relatively simple, easy to use and flexible application can handle device
a) Security
b) Configuration
c) Provisioning
d) Firmware upgrade
e) Payment services

To answer your question of why we believe that a blockchain application is the correct infrastructure to address IoT requirements, we think a blockchain architecture system could dramatically simplify the security, configuration, provisioning, firmware upgrade and payment service aspects of device management. Currently there are closed source, bespoke applications for each of the aforementioned tasks – the GadgetCoin system will provide users users with tools to address all requirements using one relatively simple concept and system.

The GadgetCoin smart contract application is lot more than a simple hardware control i.e. opening a garage door. A better use case is to open a security vault that is described in our white paper. Using this technology allows a more secure and simplified hardware management. As we speak there are dozens or perhaps hundreds of bespoke systems being designed, all of them using a custom written technology. What IBM and we are trying to achieve is to provide hardware integrators with an application that can handle the most challenging aspects of device management. IBM wouldn't enter into the business if there was no potential for a multibillion dollar market. I understand that we should not pull numbers like this multibillion dollar market from the air, but there will be 50 billion internet connected devices by 2020 and all of those devices need an application that addresses security, configuration, provisioning and upgrade requirements. Without addressing these requirements none of these devices can operate. Therefore, IBM came to the conclusion just like we did, that perhaps the most ingenious invention of the last decade - the block chain - and smart contracts could address all those requirements.

The beauty of blockchain and smart contracts from device management viewpoint that its underlying PPKI (public-private key infrastructure) security enables an elegant and robust security policy implementation on devices. Even application development that must comply with complex security standards like HIPAA could be dramatically simplified using the GadgetCoin blockchain enabled, smart contract system.  

Apart from the security company we mentioned in this thread, we have signed a partnership agreement with a medical device manufacturer and it seems our application will be used to manage the full life cycle of their wearable medical device. The block chain technology would mean the wearer of the device can be authenticated by their doctor as they are on the same peer to peer private network. The data is fully encrypted with the PPKI keys, meaning that it is protected from any malicious and external threats. Then comes the provisioning aspect – each device must be assigned to a patient by the doctor, and then re-assigned on a constant basis if there is a leasing model in place. Smart contracts handle this aspect easily. After this another complex business problem presents itself – firmware updates. How do you update thousands of devices that are deployed with the touch of a button? Again, smart contract technology does this without making it a logistical nightmare. Then comes authentication, the peer to peer network for the clinic or the doctor has to be secure and private enough to transmit medical data. The need for complex server infrastructure is bypassed with our solution. The resulting combination of factors gives this technology alone the potential to revolutionize the data transfer of modern medicine – it all comes down to hardware integration.

Please refer to our white paper for more information on how GadgetCoin aims to address IoT requirements.

As for the question about building a business, yes absolutely, the developers aim to build a business to offer application development, consultancy and infrastructure services for GadgetCoin hardware integrator businesses.

As for the company in China, yes we are aware of many IoT companies but none of them offers such comprehensive solution what GadgetCoin will, not even Thingworx nor Xively which are large publicly listed companies.

It's very clear, I recall a common scenario regarding smart contract, how will Gadgetcoin deal with reverse transaction/transaction dispute?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on December 07, 2014, 11:42:56 AM
It's very clear, I recall a common scenario regarding smart contract, how will Gadgetcoin deal with reverse transaction/transaction dispute?

By a simple refund process. If the Internet of Things device unable to perform the contract then a refund will compensate the contractee.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Corleone1918 on December 08, 2014, 02:21:56 PM
I have created a Chinese QQ group: 425068399  to spread this coin information.

I don't like chinese, they just like dump.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on December 08, 2014, 03:40:30 PM
I have created a Chinese QQ group: 425068399  to spread this coin information.

Thank you for spreading the word about GadgetCoin, that's really great. China is a very important market for any IoT related applications. We are getting closer to the start and the building of a vibrant community should be one our priorities from now on.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on December 09, 2014, 03:44:41 AM
I have created a Chinese QQ group: 425068399  to spread this coin information.

Thank you for spreading the word about GadgetCoin, that's really great. China is a very important market for any IoT related applications. We are getting closer to the start and the building of a vibrant community should be one our priorities from now on.

Actually I want to be general agency in China to sell IoT devices it this project succeeds, let's wait and see, many things depend on your  developer team.

We have a clear business plan and the team is in place to execute the plan. This coin will be a success because the software will work, we understand the market and we are realistic about our objectives. The primary target is to operate 10,000,000 million IoT devices on the Gadget protocol by 2020. This amounts to 0.05% of the IoT devices in the world and certainly doable. IBM and large operators will control the majority of the market, but small projects like GadgetCoin will have their place in the market to power a small fraction of the device pool. 0.05% is a very small portion of the whole IoT market, but even a small market share like this will result in a fantastic return for GadgetCoin holders.

It's a great idea to have the community members actively involved with the sale of the technology. We will PM you soon with more details about starting the cooperation and setting up the operation in your region.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on December 09, 2014, 04:38:41 AM
I have created a Chinese QQ group: 425068399  to spread this coin information.

Thank you for spreading the word about GadgetCoin, that's really great. China is a very important market for any IoT related applications. We are getting closer to the start and the building of a vibrant community should be one our priorities from now on.

Actually I want to be general agency in China to sell IoT devices it this project succeeds, let's wait and see, many things depend on your  developer team.

We have a clear business plan and the team is in place to execute the plan. This coin will be a success because the software will work, we understand the market and we are realistic about our objectives. The primary target is to operate 10,000,000 million IoT devices on the Gadget protocol by 2020. This amounts to 0.05% of the IoT devices in the world and certainly doable. IBM and large operators will control the majority of the market, but small projects like GadgetCoin will have their place in the market to power a small fraction of the device pool. 0.05% is a very small portion of the whole IoT market, but even a small market share like this will result in a fantastic return for GadgetCoin holders.

It's a great idea to have the community members actively involved with the sale of the technology. We will PM you soon with more details about starting the cooperation and setting up the operation in your region.



Eager to the delivery of this project, if it works well and better than current solution on IoT, it will have a big market and I have resource to sell IoT devices in China.

Any solution is better than the current ones as there is no current solution that offer a simply to use generic IoT platform - that's why IBM is keen to enter this market. Projects like TileCoin and GadgetCoin (and Bitbay once David clean up the mess there) could get their slice from the premature Internet of Things market easily.

I told the GadgetCoin team as well already that I will be happy to sell in the UK & Ireland. I could be wrong, but I totally get the smart contracts on hardware concept. I mentioned the idea to a friend at Jaguar Land Rover, he is a very old school device/firmware developer but he immediately got the idea and he started to describe how smart contracts could help in fleet management (from manufacturer viewpoint) and servicing (real time monitoring) the vehicles. I fully understand what the sceptics of the idea says, that why should I open my garage door with a blockchain application, but device management is more complex than opening a garage door and once real peoples from the industry are interested, plus once IBM is on the deal then we better to pay attention to the Internet of Things area.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: b-trading on December 09, 2014, 05:53:05 AM
can i buy iphone with this coin ???


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on December 09, 2014, 11:46:47 AM
I have created a Chinese QQ group: 425068399  to spread this coin information.

Thank you for spreading the word about GadgetCoin, that's really great. China is a very important market for any IoT related applications. We are getting closer to the start and the building of a vibrant community should be one our priorities from now on.

Actually I want to be general agency in China to sell IoT devices it this project succeeds, let's wait and see, many things depend on your  developer team.

I am selling gadgetcoin in Luxembourg! Luxembourg is not exactly the size of China  :D  but a few investors and clients already very interested in IoT and gadgetcoin.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on December 09, 2014, 11:57:51 AM
can i buy iphone with this coin ???

IoT coins are not for buying iPhone  :) generally FIAT and digital currencies are accepted as payment for goods and services, but IoT coins act like a token to support IoT operations. All IoT coins like bitbay, tilecoin and gadgetcoin have this philosophy.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on December 09, 2014, 12:13:55 PM
can i buy iphone with this coin ???

IoT coins are not for buying iPhone  :) generally FIAT and digital currencies are accepted as payment for goods and services, but IoT coins act like a token to support IoT operations. All IoT coins like bitbay, tilecoin and gadgetcoin have this philosophy.

The problem is no one want to use any digital currencies to buy iPhone, because using FIAT is more practical and convenient. This article highlights the main issue with digital currencies, namely that even the increasing number of Bitcoin merchants failed to increase the usage of the coin. The number of Bitcoin merchant has been increasing, however Bitcoin usage has been remained the same:

http://www.coindesk.com/analysis-around-70-bitcoins-dormant-least-six-months/

The issue is even with Bitcoin, that only a very limited number of users use digital currencies. Even high market cap coins like NXT or Doge are used rarely outside of their community.

IoT coins could at least introduce a very practical use case by operating devices with a blockchain based software, and that would be a great step to make digital currencies actually useful.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2mer01 on December 15, 2014, 02:00:33 AM
Is there any good news of this project?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on December 15, 2014, 02:05:34 PM
There is a very good news on the marketing & business area of the project. We agreed a sponsorship deal with an Olympic champion of the 2012 London games to promote GadgetCoin. We will support a hard working and extremely successful athlete, he is a European based sportsman, but very popular in our primary market East-Asia, and we hope his existing relations with large corporate entities like car manufacturers will open many doors for GadgetCoin. I am unable to give away more details at this stage, but I can reveal that our offer has been accepted by the athlete's management team and we are really pleased about this partnership. An announcement will come soon.

We have been working on the software to implement two new features which came directly from the first pilot clients as well as we are fixing a few security bugs. We thought it is better to implement the features which came directly from the actual users before the launch of the application. The new features will enhance the usability and robustness of the software.

We have been talking to angel investors who believe this idea could really work and they are willing to work with us to make this project a success. We haven't accepted the offer yet because this project must be open source without an ICO and as fair coin distribution as it is possible, so all parties need to agree on these principles.

We will keep you all updated.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on December 15, 2014, 03:37:59 PM
thanks for the update!

please keep this coin away from p&D and try to run it honestly!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on December 15, 2014, 03:45:37 PM
There is a very good news on the marketing & business area of the project. We agreed a sponsorship deal with an Olympic champion of the 2012 London games to promote GadgetCoin. We will support a hard working and extremely successful athlete, he is a European based sportsman, but very popular in our primary market East-Asia, and we hope his existing relations with large corporate entities like car manufacturers will open many doors for GadgetCoin. I am unable to give away more details at this stage, but I can reveal that our offer has been accepted by the athlete's management team and we are really pleased about this partnership. An announcement will come soon.

We have been working on the software to implement two new features which came directly from the first pilot clients as well as we are fixing a few security bugs. We thought it is better to implement the features which came directly from the actual users before the launch of the application. The new features will enhance the usability and robustness of the software.

We have been talking to angel investors who believe this idea could really work and they are willing to work with us to make this project a success. We haven't accepted the offer yet because this project must be open source without an ICO and as fair coin distribution as it is possible, so all parties need to agree on these principles.

We will keep you all updated.

Great news! Let us know how can we help to speed up the launch!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on January 06, 2015, 01:17:26 AM
I have been reading this thread from the very beginning. I really like the idea of a technology coin. The idea of coin distribution via brokers is really good. I am from East-Europe and in my opinion here the broker system combined with MLM structure could be a winner. We could bring lots of new users into digital money with a broker structure. How can I be a broker and what will be the commission? I would like to signup to be your East-European broker.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on January 06, 2015, 11:11:09 AM
@Netzer

Thank you for your interest, it is very much appreciated!

As we stated earlier we do not endorse MLM type trading activities, but since this is a decentralized system we are not in the position to dictate how and where the software is used and that means you can use it in East-Europe without any restrictions. The GDC Smart contract will be a powerful and flexible system and you will be able to create MLM type broker smart contracts and define the commission. The commission value is up to you, it is an agreement between the broker and the contractee.


@Update

This is just a quick update to let you know all who are interested in GadgetCoin that we had been working during the holiday season on the solution to add new features and fix issues that were revealed by the test.

The process is slower than we would like to be, but this is an entirely new system and we must make sure that the connected hardware is governed by a robust and secure software.

Thanks for your continuing interest in GadgetCoin!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on January 06, 2015, 11:57:46 AM
Thanks for the update.

While you are way ahead of TileCoin, Bitbay and other similar projects as you at least published the hardware schematics, it seems to me from the schematics that you know what you are talking about and we can see that you put lots of work into this project (hardware schematics, videos, white paper, etc.), I think the main issue with this coin is that you failed at building a community. You need to build a community if you want to succeed. I know it is easier to say than get it done, but for a coin having an active community is a key ingredient to success.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on January 07, 2015, 12:52:00 PM
Thanks for the update.

While you are way ahead of TileCoin, Bitbay and other similar projects as you at least published the hardware schematics, it seems to me from the schematics that you know what you are talking about and we can see that you put lots of work into this project (hardware schematics, videos, white paper, etc.), I think the main issue with this coin is that you failed at building a community. You need to build a community if you want to succeed. I know it is easier to say than get it done, but for a coin having an active community is a key ingredient to success.

Thank you for pointing this out. We'll try to improve the communication and community building aspects of GadgetCoin.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on January 07, 2015, 08:05:10 PM
i am and my clients are waiting for the launch! it's good to see the interest from East-Europe too  ;)


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on January 19, 2015, 10:32:33 AM
I have a spare computer, can I join to the test network and start forging coins?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on January 20, 2015, 01:03:33 AM
I have a spare computer, can I join to the test network and start forging coins?

That's great, you are very helpful and thank you for your support. We have been developing and testing on a centralized environment in the last few weeks to test the new features and fine tune the system for our pilot security company partner. Once the test process move back to the decentralized test network we will take up your offer and use your server. In the meantime I will create a "Netzer" wallet to start processing test transactions and hit the network with your broker smart contracts on the centralized environment first. This test wallet will be enabled to forge coins and the forged test coins will be redeemable on the live network.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: richwang01 on February 02, 2015, 09:19:38 AM
Eager to get the update info of this project ;D


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on February 02, 2015, 04:45:07 PM
Eager to get the update info of this project ;D

Thank you for your interest.

We have been working on the project. In fact the development is going really well. There is a new pilot partner and we are making very good progress to implement real world business solutions by developing the software and integrate the devices for this second pilot. The volatility of Bitcoin and the so many scams in digital currency make very hard to sell the crypto currency concept, but since we are not selling pre-mined coin nor asking money via an IPO, additionally we decided to peg GadgetCoin to the US dollar to circumvent volatility, the response from potential business users is really encouraging.

We will update this thread soon with good news and more detailed info.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on February 03, 2015, 12:08:06 PM
Eager to get the update info of this project ;D

Thank you for your interest.

We have been working on the project. In fact the development is going really well. There is a new pilot partner and we are making very good progress to implement real world business solutions by developing the software and integrate the devices for this second pilot. The volatility of Bitcoin and the so many scams in digital currency make very hard to sell the crypto currency concept, but since we are not selling pre-mined coin nor asking money via an IPO, additionally we decided to peg GadgetCoin to the US dollar to circumvent volatility, the response from potential business users is really encouraging.

We will update this thread soon with good news and more detailed info.

what do you propose for peg feature? same as bitbay or nubits or bitshares?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2mer01 on February 04, 2015, 02:57:42 AM
Eager to get the update info of this project ;D

Thank you for your interest.

We have been working on the project. In fact the development is going really well. There is a new pilot partner and we are making very good progress to implement real world business solutions by developing the software and integrate the devices for this second pilot. The volatility of Bitcoin and the so many scams in digital currency make very hard to sell the crypto currency concept, but since we are not selling pre-mined coin nor asking money via an IPO, additionally we decided to peg GadgetCoin to the US dollar to circumvent volatility, the response from potential business users is really encouraging.

We will update this thread soon with good news and more detailed info.

Great work, looking forward to the coming news.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: loveyouforever on February 04, 2015, 03:02:15 AM
Eager to get the update info of this project ;D

Thank you for your interest.

We have been working on the project. In fact the development is going really well. There is a new pilot partner and we are making very good progress to implement real world business solutions by developing the software and integrate the devices for this second pilot. The volatility of Bitcoin and the so many scams in digital currency make very hard to sell the crypto currency concept, but since we are not selling pre-mined coin nor asking money via an IPO, additionally we decided to peg GadgetCoin to the US dollar to circumvent volatility, the response from potential business users is really encouraging.

We will update this thread soon with good news and more detailed info.
Two simple questions:

1. When will this coin launch?
2. How can I get some coins?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on February 04, 2015, 12:54:30 PM
Eager to get the update info of this project ;D

Thank you for your interest.

We have been working on the project. In fact the development is going really well. There is a new pilot partner and we are making very good progress to implement real world business solutions by developing the software and integrate the devices for this second pilot. The volatility of Bitcoin and the so many scams in digital currency make very hard to sell the crypto currency concept, but since we are not selling pre-mined coin nor asking money via an IPO, additionally we decided to peg GadgetCoin to the US dollar to circumvent volatility, the response from potential business users is really encouraging.

We will update this thread soon with good news and more detailed info.
Two simple questions:

1. When will this coin launch?
2. How can I get some coins?

1) We hope the live network can be operational within a few weeks.
Our pilot partners do the integration at their back-end at this moment in time to handle gadgets such as Internet of Things enabled security devices (one of the pilots is a security company that operates gate, camera, motion sensor controllers and will use the Gadget protocol to manage the devices). The integration is a huge and risky task at their back-end and understandably it takes time. If they won't be ready in a few weeks time then regardless of their progress we will start the network without them with a few basic use cases, and later the business pilot partners can join the network.

2)
a) Trusted nodes will be able to forge coins by providing their unused computing resources to the network (basically a low end 512MB Linux or a small Windows box where we can run a trusted node). As we have explained here already, trusted nodes will be utilized to achieve the under 1 second transaction time, comply with regulations and fight with malicious nodes that try to compromise transaction integrity.
b) Developers who contribute to the code base and improve the application will be able to forge coins
c) Once the trade start you will be able to buy GDC on the exchanges

The forging will be transparent and recorded in the blockchain, there won't be any hidden coin generation. Trusted nodes and developers will earn "forging tokens" based on their contribution to the network, and then GadgetCoins will be created from the "forging tokens" during the forge process. The number of issued "forging tokens" and consequently forged coins will be primarily determined by the demand. For instance, if there is demand for the coin on the exchanges or a new security business sign up to the network to use the Peer to Peer Gadget network to mange their business, then there will be increased demand for new coins (as the new user need to pay networking fees in GadgetCoin), and then the system will allocate new "forging tokens" to eligible users.
Developers who work on the project and users like tobeaj2mer01 who kind enough to support this project and already offered their computing powers for the test network will be provided with "forging tokens" when the live network start, but when the network grow new and new trusted nodes will be able to join to the process to earn "forging tokens" and forge coins. We want anybody could forge GadgetCoin who contribute to the project in one way or an other.

At least that's the plan regarding to the forging process, please let us know if it does make sense and what you think. We write the system from scratch and we can modify it to include good ideas and suggestions.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2mer01 on February 05, 2015, 05:44:08 AM
Eager to get the update info of this project ;D

Thank you for your interest.

We have been working on the project. In fact the development is going really well. There is a new pilot partner and we are making very good progress to implement real world business solutions by developing the software and integrate the devices for this second pilot. The volatility of Bitcoin and the so many scams in digital currency make very hard to sell the crypto currency concept, but since we are not selling pre-mined coin nor asking money via an IPO, additionally we decided to peg GadgetCoin to the US dollar to circumvent volatility, the response from potential business users is really encouraging.

We will update this thread soon with good news and more detailed info.
Two simple questions:

1. When will this coin launch?
2. How can I get some coins?

1) We hope the live network can be operational within a few weeks.
Our pilot partners do the integration at their back-end at this moment in time to handle gadgets such as Internet of Things enabled security devices (one of the pilots is a security company that operates gate, camera, motion sensor controllers and will use the Gadget protocol to manage the devices). The integration is a huge and risky task at their back-end and understandably it takes time. If they won't be ready in a few weeks time then regardless of their progress we will start the network without them with a few basic use cases, and later the business pilot partners can join the network.

2)
a) Trusted nodes will be able to forge coins by providing their unused computing resources to the network (basically a low end 512MB Linux or a small Windows box where we can run a trusted node). As we have explained here already, trusted nodes will be utilized to achieve the under 1 second transaction time, comply with regulations and fight with malicious nodes that try to compromise transaction integrity.
b) Developers who contribute to the code base and improve the application will be able to forge coins
c) Once the trade start you will be able to buy GDC on the exchanges

The forging will be transparent and recorded in the blockchain, there won't be any hidden coin generation. Trusted nodes and developers will earn "forging tokens" based on their contribution to the network, and then GadgetCoins will be created from the "forging tokens" during the forge process. The number of issued "forging tokens" and consequently forged coins will be primarily determined by the demand. For instance, if there is demand for the coin on the exchanges or a new security business sign up to the network to use the Peer to Peer Gadget network to mange their business, then there will be increased demand for new coins (as the new user need to pay networking fees in GadgetCoin), and then the system will allocate new "forging tokens" to eligible users.
Developers who work on the project and users like tobeaj2mer01 who kind enough to support this project and already offered their computing powers for the test network will be provided with "forging tokens" when the live network start, but when the network grow new and new trusted nodes will be able to join to the process to earn "forging tokens" and forge coins. We want anybody could forge GadgetCoin who contribute to the project in one way or an other.

At least that's the plan regarding to the forging process, please let us know if it does make sense and what you think. We write the system from scratch and we can modify it to include good ideas and suggestions.



Thanks man, I have translated OP to Chinese, this is a subdued and practical project, it will have a bright future, after live network launches, I will do more market things.

https://bitcointalk.org/index.php?topic=946403.0


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on February 06, 2015, 12:53:17 AM
Eager to get the update info of this project ;D


Thanks man, I have translated OP to Chinese, this is a subdued and practical project, it will have a bright future, after live network launches, I will do more market things.

https://bitcointalk.org/index.php?topic=946403.0

Fantastic! China will be a very important market for us. Thank you so much for your support!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on February 06, 2015, 01:06:08 PM
Eager to get the update info of this project ;D

Thank you for your interest.

We have been working on the project. In fact the development is going really well. There is a new pilot partner and we are making very good progress to implement real world business solutions by developing the software and integrate the devices for this second pilot. The volatility of Bitcoin and the so many scams in digital currency make very hard to sell the crypto currency concept, but since we are not selling pre-mined coin nor asking money via an IPO, additionally we decided to peg GadgetCoin to the US dollar to circumvent volatility, the response from potential business users is really encouraging.

We will update this thread soon with good news and more detailed info.

what do you propose for peg feature? same as bitbay or nubits or bitshares?

I am discussing this very same question with the BitShares guys at https://bitcointalk.org/index.php?topic=945640.new#new

I think it is a very good idea to peg any coins. I suggest the developers check out BitShares. I think the BitShares model is a sensible one and it seems works well terms of stability as the value of their bitUSD currency is pretty much 1 USD all the time.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: z38630610 on February 11, 2015, 09:30:56 AM
what time can buy hardware .where buy .dev


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on February 12, 2015, 12:12:16 PM
what time can buy hardware .where buy .dev

It seems the hardware will be available next month. We have sent already the parts to the device factory to produce the first batch and they are just waiting the go ahead signal from us. 
You will be able to buy it at our web site at www.gadgetcoin.org and from our distributors. There are a few users in this thread who indicated that will be happy to distribute the device in the UK, Ireland and China and we look forward to working with you all to sell this development board.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on February 13, 2015, 10:59:23 AM
what time can buy hardware .where buy .dev

It seems the hardware will be available next month. We have sent already the parts to the device factory to produce the first batch and they are just waiting the go ahead signal from us. 
You will be able to buy it at our web site at www.gadgetcoin.org and from our distributors. There are a few users in this thread who indicated that will be happy to distribute the device in the UK, Ireland and China and we look forward to working with you all to sell this development board.



As I posted here already, I will be happy to distribute the development board in the UK and Ireland. Based on the schematics, it looks a well designed and quite capable device.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: richwang01 on February 16, 2015, 09:41:21 AM

    when can see the prototype first  dev  before  we buy ?  how about a video ?

    where to  buy gadget Coins ? ?

    tile pay building  the  IOT project  very promising   tilecoin    https://bitcointalk.org/index.php?topic=761852.msg10433270#msg10433270

    IOT is the  future    :)

   
   

Man, comparing with Gadgetcoin, tilepay is only a baby.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zrunfeng on February 16, 2015, 02:49:41 PM
mark,an I will continue to pay attention to this project


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on February 17, 2015, 09:58:37 AM

    when can see the prototype first  dev  before  we buy ?  how about a video ?

    where to  buy gadget Coins ? ?

    tile pay building  the  IOT project  very promising   tilecoin    https://bitcointalk.org/index.php?topic=761852.msg10433270#msg10433270

    IOT is the  future    :)

   
   

Man, comparing with Gadgetcoin, tilepay is only a baby.

While I like and invested in TileCoin too, based on the white paper and hardware schematics published by the GadgetCoin team I fully agree with you.

If the technology that is described by the white paper is implemented then I think GadgetCoin could be a very successful coin and it will be able to compete with IBM's ADEPT software.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: richwang01 on February 18, 2015, 04:14:57 AM

    when can see the prototype first  dev  before  we buy ?  how about a video ?

    where to  buy gadget Coins ? ?

    tile pay building  the  IOT project  very promising   tilecoin    https://bitcointalk.org/index.php?topic=761852.msg10433270#msg10433270

    IOT is the  future    :)

   
   

Man, comparing with Gadgetcoin, tilepay is only a baby.

While I like and invested in TileCoin too, based on the white paper and hardware schematics published by the GadgetCoin team I fully agree with you.

If the technology that is described by the white paper is implemented then I think GadgetCoin could be a very successful coin and it will be able to compete with IBM's ADEPT software.

One more thing, there is no IPO/ICO of Gadgetcoin, but most of Tilepay is held by some big bagholders.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on February 18, 2015, 10:48:47 AM

    when can see the prototype first  dev  before  we buy ?  how about a video ?

    where to  buy gadget Coins ? ?

    tile pay building  the  IOT project  very promising   tilecoin    https://bitcointalk.org/index.php?topic=761852.msg10433270#msg10433270

    IOT is the  future    :)

   
   

Man, comparing with Gadgetcoin, tilepay is only a baby.

While I like and invested in TileCoin too, based on the white paper and hardware schematics published by the GadgetCoin team I fully agree with you.

If the technology that is described by the white paper is implemented then I think GadgetCoin could be a very successful coin and it will be able to compete with IBM's ADEPT software.

One more thing, there is no IPO/ICO of Gadgetcoin, but most of Tilepay is held by some big bagholders.

Absolutely, I like that this project tries to make it without an IPO/ICO. Seeing the videos, white paper, hardware design, screenshots etc. it seems they have resources and could easily present an ICO/IPO to collect money like 99% of crypto projects do, instead of doing that they promise a fair coin distribution, which is an encouraging first step.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2mer01 on February 26, 2015, 11:40:56 AM
Is there any update, it's a long time from last update,  you guys should take care of the community.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on March 02, 2015, 11:19:53 AM
Is there any update, it's a long time from last update,  you guys should take care of the community.

The focus has been on the following three areas in the last few weeks

1. There will be three business use cases and working projects from day one that manage devices and complex business processes with our block-chain based solution. We have been wiring up the projects and integrating them into the GadgetCoin network. The progress is good, but the work takes time. We are working on really exciting projects to release a digital currency that isn't only a trading asset, not only the subject of day trading but used as a payment token to generate revenue for real businesses.   

2) It is clear from the feedback from potential users that the volatility of digital currencies is an issue. GadgetCoin will be used as a token to process payments for IoT related services and a fluctuating revenue that is due to a volatile currency is not an option. For that reason the volatility must be addressed. The coin must be pegged to stabilize the price and we have been wiring up this feature.

3) All real life business use cases require some form of audit and must be enabled to comply with laws and regulations. We have been working on this and making sure that the audit feature is robust and fully operational. The progress is good and now the feature is being tested.
In the meantime, while the currency must provide interfaces for auditing, privacy is also a concern. As you can see this is a paradox, the audit and privacy are requirements must be addressed in the same time. With most of digital currencies every transaction can be tracked and be linked to the public keys involved in the transaction. From privacy viewpoints the main issue with current digital currencies is that every transaction is publicly logged in the block-chain. For example a user who buys parking places, hotel rooms, self-storage facilities, and gym equipment from IoT devices could be profiled and tracked by examining the block-chain. Our work with businesses in the last three months made clear that the lack of privacy is unacceptable for businesses operating Internet-of-Things devices. The business’ trading data would not be safe from the competitors’ eyes and such lack of privacy would make the GadgetCoin an impractical offering. Therefore, we identified untraceability and unlinkability as the two main system requirements to ensure users' privacy, and now the focus is on the implementation details of privacy feature. 

Thank you for your continuing interest and we will keep you updated.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on March 03, 2015, 01:18:20 PM
I think you are on the right track if you want to create a coin for real world use cases, as you said to assist as a token in generating revenue for real world businesses. I think it is clear by now that the +600 strong altcoin market is absolutely hopeless and my prediction that it will be non-existent in 2016. None of the altcoins is used for any real world purposes, and therefore there is no reason for their existence. The day trade was good fun, the endless P&D scams attracted some investment into crypto, but as you can see, the altcoin market is unable to attract any more investments. It's over, as simple as that. Ethereum (which smart contracts could be useful for businesses) and perhaps 1-2 more will survive, but not even NXT will make it as nobody can use them for any meaningful purposes.

I suggest,
- Forget all IPO/ICO, try to make it without asking money from investors. An IPO is just a cancer on the project.
- Don't go to an exchange, there is no point to expose the coin to volatility and day trade. You identified correctly that volatility is in issue for real world businesses. I also read in this thread that there will be a trade function in the wallet for GDC/BTC exchange. I think that would be better than trading the coin on exchanges. Businesses who use the coin can get it directly using the wallet, coin holders could sell the coins directly to businesses using the wallet and day traders can fuck off to manipulate the price of other coins.
- Peg the price of the coin to BTC or USD, I think that is an absolute must if you want the coin to function as a token.
- Speed up the process :-)))) not that you missed a lot or anything really on this dying altcoin market.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zrunfeng on March 04, 2015, 03:25:55 AM
i only wonder how/when to join the ipo


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: lihaidong198871 on March 04, 2015, 02:53:08 PM
HI ,dev ,any  news this days?
I want to see something~


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on March 05, 2015, 11:51:15 AM
i only wonder how/when to join the ipo

There won't be an IPO in the form of taking money from investors prior to the release of software, but we will put in place a system in which our supporters can make money in various ways, mainly from the forging and pegging process, and selling the forged coins on the free market. You will be able to support the project in many ways, for example help with the infrastructure, some of our use cases need serious hardware and infrastructure and you could help with that. We will keep you updated and thanks for your interest in GDC.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on March 05, 2015, 11:56:42 AM
HI ,dev ,any  news this days?
I want to see something~

No news in the last few days, as I said in my last post we have been working features like the pegging, privacy and auditing. We will try to speed up the process and thanks for your interest.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on April 01, 2015, 10:49:53 AM
Are you releasing this tech and coin, is there still more work on the development, where are you with the project?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on April 09, 2015, 05:53:02 AM
Are you releasing this tech and coin, is there still more work on the development, where are you with the project?


Thanks for following up and yes, we are releasing the project. The scope of the project has increased and apart from the security company pilot we have been busy with completing a few very excited pilot projects, writing NodeJs and C++ client side libraries that needs to be done to bring large hardware and business players into the project. We will have an announcement very soon about the launch.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2mer01 on April 09, 2015, 08:02:53 AM
Are you releasing this tech and coin, is there still more work on the development, where are you with the project?


Thanks for following up and yes, we are releasing the project. The scope of the project has increased and apart from the security company pilot we have been busy with completing a few very excited pilot projects, writing NodeJs and C++ client side libraries that needs to be done to bring large hardware and business players into the project. We will have an announcement very soon about the launch.

Very good progress, looking forward to the launch ;D


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on April 09, 2015, 10:02:06 AM
Are you releasing this tech and coin, is there still more work on the development, where are you with the project?


Thanks for following up and yes, we are releasing the project. The scope of the project has increased and apart from the security company pilot we have been busy with completing a few very excited pilot projects, writing NodeJs and C++ client side libraries that needs to be done to bring large hardware and business players into the project. We will have an announcement very soon about the launch.

Great, we need real life usage for digital currencies precisely what this project and TileCoin try to achieve. There are hundreds of coins no one use them for other reason than day trading which is obviously not a sustainable business model as the market has been (very understandably) drying out. In my opinion only altcoins with a real world purpose that provide people outside the crypto community with something useful could stay alive. It will be interesting to see whether this Gadgetcoin is one of them or not.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: bitbets on May 21, 2015, 07:05:13 PM

Smart contracts interest me, will read the whitepaper :)


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2mer01 on May 27, 2015, 05:55:57 AM
Kindly keep us posted regarding the latest development status.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on May 28, 2015, 12:23:06 PM
Kindly keep us posted regarding the latest development status.

Thanks for stopping by and still being interested in our work. Your and all other users' interest and support is very much appreciated. The first phase of the work is pretty much done and we are planning to release the platform by end of next week when a detailed update, FAQ and technical info will be published.

Our idea was to link the Gadget Network with real world products and services to make GadgetCoin indispensable to the product and service. We will start with a concrete, real world business use case from day one by brining we believe a disruptive technology and business model to a US$ 6 billion per year market. Users and businesses will be able increase their revenue by as much as 90% by cutting out the middle man and using the decentralized Gadget engine. That means GadgetCoin owners can make money from the platform instead of day trading the coin.

For now, here is the summary of what is coming

- The first version of a purpose built, written from scratch smart contract engine for the IoT use cases is done. All services are facilitated via smart contracts. The service providers that use the Gadget Network will be paying network fee that is similar to the GAS of the Ethereum network. The transaction fee will be paid in GadgetCoin which creates a continues demand for the coin (once the network fee is paid by the service provider the coin will be burned which allows continues forging).

- Blockchain design is done. It is written from scratch to allow maximum 1 second transaction time that is required for our use cases.

- Forging related development is done. Just like other part of the system the forging module is written from scratch. As it was explained several times here, we think mining is not the most suitable coin generation method for our particular IoT use cases. The coin generation will be via forging on the Gadget Network. Anyone will be able to forge GadgetCoin who contribute to the platform and work with us to make the  Gadget Network a success. Forging will be require ores which are deposited to the users' wallet via public smart contract. The rules are built in the system and once the users hit a target the ore deposit smart contract is simply executed. Everything is recorded in the blockchain - there is zero pre-mine and the genesis block has 0 coin balance, the process is auditable and transparent. Stakeholders can earn ore and then forge GDC by
  a) Marketing, promoting and spreading the word about the Gadget Network
  b) Running a trusted node that processes and audits transactions and assists in network stability
  c) Developing the coin by coding, designing hardware modules
  d) Referring new businesses to the network
  e) Help us with investment to bring our idea to the masses

- Bitcoin integration is done. Users can pay  for the services with Bitcoin on the Gadget Network. Once we announce our first business partner and use case the significance of Bitcoin acceptance will be obvious. We believe Bitcoin acceptance in our platform brings new users not only to the Gadget but to the Bitcoin network too.

- We have revisited our development board and it is modified to provide our very first users and business partners with a specific hardware tool. The announcement next week will make clear what this device is all about and the rational regarding to this development.

 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on May 29, 2015, 11:28:08 AM
i am following this project from day one. i still think this will be a good one.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on May 29, 2015, 01:35:16 PM
Kindly keep us posted regarding the latest development status.

Thanks for stopping by and still being interested in our work. Your and all other users' interest and support is very much appreciated. The first phase of the work is pretty much done and we are planning to release the platform by end of next week when a detailed update, FAQ and technical info will be published.

Our idea was to link the Gadget Network with real world products and services to make GadgetCoin indispensable to the product and service. We will start with a concrete, real world business use case from day one by brining we believe a disruptive technology and business model to a US$ 6 billion per year market. Users and businesses will be able increase their revenue by as much as 90% by cutting out the middle man and using the decentralized Gadget engine. That means GadgetCoin owners can make money from the platform instead of day trading the coin.

For now, here is the summary of what is coming

- The first version of a purpose built, written from scratch smart contract engine for the IoT use cases is done. All services are facilitated via smart contracts. The service providers that use the Gadget Network will be paying network fee that is similar to the GAS of the Ethereum network. The transaction fee will be paid in GadgetCoin which creates a continues demand for the coin (once the network fee is paid by the service provider the coin will be burned which allows continues forging).

- Blockchain design is done. It is written from scratch to allow maximum 1 second transaction time that is required for our use cases.

- Forging related development is done. Just like other part of the system the forging module is written from scratch. As it was explained several times here, we think mining is not the most suitable coin generation method for our particular IoT use cases. The coin generation will be via forging on the Gadget Network. Anyone will be able to forge GadgetCoin who contribute to the platform and work with us to make the  Gadget Network a success. Forging will be require ores which are deposited to the users' wallet via public smart contract. The rules are built in the system and once the users hit a target the ore deposit smart contract is simply executed. Everything is recorded in the blockchain - there is zero pre-mine and the genesis block has 0 coin balance, the process is auditable and transparent. Stakeholders can earn ore and then forge GDC by
  a) Marketing, promoting and spreading the word about the Gadget Network
  b) Running a trusted node that processes and audits transactions and assists in network stability
  c) Developing the coin by coding, designing hardware modules
  d) Referring new businesses to the network
  e) Help us with investment to bring our idea to the masses

- Bitcoin integration is done. Users can pay  for the services with Bitcoin on the Gadget Network. Once we announce our first business partner and use case the significance of Bitcoin acceptance will be obvious. We believe Bitcoin acceptance in our platform brings new users not only to the Gadget but to the Bitcoin network too.

- We have revisited our development board and it is modified to provide our very first users and business partners with a specific hardware tool. The announcement next week will make clear what this device is all about and the rational regarding to this development.

 

Thanks for the update and I am looking forward to the release of the system! Please let us know if we can help in any way to move forward the project.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on June 17, 2015, 01:37:54 PM
Why don't you reach out to Supernet and jl777, James? It seems you have problems in progressing, in the meantime it seems James get things done. Perhaps he would welcome Internet-of-Things within his Supernet, I think both of you could gain from a partnership. Just a thought and suggestion.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on June 29, 2015, 12:45:14 AM



Our first application
GadgetNet - Peer to peer Video Streaming










Handling video streaming IoT devices and web-cams for porn and gaming broadcasters

Our first partner using the GadgetNet technology is www.jizzmo.net






Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on June 29, 2015, 12:48:41 AM
Long story short, we have been working hard on the Internet-of-Things technology, all kind of fancy hardware control stuff have been developed. We have been talking to IBM, Samsung and other large players, but the first prospective client who is actually interested in our application came from the porn industry. It seems the porn industry is interested in using our software to control the camera devices and to use GadgetNet smart contracts for handling transactions.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: richwang01 on June 29, 2015, 05:09:15 AM
How to buy or mine GadgetCoin?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on June 29, 2015, 09:50:41 AM
How to buy or mine GadgetCoin?

There is no per-mine nor mining, but you can forge GadgetCoin. You can read about it here blog.gadgetcoin.org (http://blog.gadgetcoin.org/2015/06/gadgetnetwork-forging-economy-explained/)

Also, if you buy a VICR contract then you will receive 900 ores which you can forge into 900 GDC.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on June 29, 2015, 10:40:29 AM
cool  :D porn and crypto  :D

I knew gadgetcoin will be big!

Good work. I fully support you guys.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on June 29, 2015, 10:48:00 AM
Fantastic! Finally, a real world use case and an altcoin will be used by real world businesses.

I am buying your VICR contract. I sent you an email at developers@gadgetcoin.org with a few questions regarding the marketing and monetization plans.





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on June 29, 2015, 01:15:54 PM
Fantastic! Finally, a real world use case and an altcoin will be used by real world businesses.

I am buying your VICR contract. I sent you an email at developers@gadgetcoin.org with a few questions regarding the marketing and monetization plans.





Thank you for your support, it is much appreciated and please feel free to email us any time, we will be glad to answer any questions.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on June 29, 2015, 01:19:44 PM
Please check out this blog at http://blog.gadgetcoin.org/2015/06/gamechanger-for-adult-streaming/

We try to explain there how the adult gaming industry could benefit from our GadgetNet technology.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: AddictedToPorn on June 29, 2015, 02:38:12 PM

I am inn. How can we set up a studio on www.jizzmo.net?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on June 29, 2015, 05:21:14 PM
Sweet, it's worked. It is quite impressive that the smart contract actually worked. I received 900 ores, I forged the ores and received 900 gadgetcoins for the US$ 300. I am happy to see that finally a smart contract system works in practice.

Now, how can I sell the Gadgetcoins? You said studios will be buying the coins from the contract owners. Will be the price US$ 1.00 as you said? How is the studio and model sign-up progressing?




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on June 29, 2015, 08:05:32 PM
Sweet, it's worked. It is quite impressive that the smart contract actually worked. I received 900 ores, I forged the ores and received 900 gadgetcoins for the US$ 300. I am happy to see that finally a smart contract system works in practice.

Now, how can I sell the Gadgetcoins? You said studios will be buying the coins from the contract owners. Will be the price US$ 1.00 as you said? How is the studio and model sign-up progressing?




Thank you so much for you support it is much appreciated. We will proceed according to the terms of the contract, in first step as you have been noted the ore have been deposited to your account.

I can confirm, the studios and models will be buying the GDC from the contract owners like yourself for the minimum price of 1 USD per GDC. The smart contract of the models will include this minimum price clause, and therefore the system will perform the contract according to this condition. You will be able to sell your GDCs when the models start broadcasting on the platform.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on June 29, 2015, 08:10:28 PM

I am inn. How can we set up a studio on www.jizzmo.net?


Please email us your contact details at developers@gadgetcoin.org and one of our team members will be contacting you with the technical details of studio set up. We will require a few details to make sure there is no under age model employed by the studio, and we will be assisting you via Skype and phone to make sure everything is in place.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on June 30, 2015, 12:23:53 AM
How can I earn gadgetcoin by contributing to marketing? I read in your blog that working with marketing could earn users gadgetcoin.  I don't have any skills but I could help with marketing  :)



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: gadgetcoin on June 30, 2015, 12:36:58 AM
How can I earn gadgetcoin by contributing to marketing? I read in your blog that working with marketing could earn users gadgetcoin.  I don't have any skills but I could help with marketing  :)



Thank you for willing to be part of the marketing team!

We are organizing a marketing team from community members and you are welcomed to join us. We need help with Twitter, Facebook and all types of digital media.
A smart contract will govern the financial return for your marketing input, that means once we reach a milestone or platform development target then the smart contract will be performed by the system automatically and you will receive ores which can be forged into GadgetCoin.

I will PM you the details.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on June 30, 2015, 09:29:49 AM
I am considering to invest in a VICR contract. Are the contracts in the blockchan? Is there a blockchain explorer?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: gadgetcoin on June 30, 2015, 09:39:19 AM
I am considering to invest in a VICR contract. Are the contracts in the blockchan? Is there a blockchain explorer?

Yes, the contracts are registered in the blockchain. You can explore the blockchain from the wallet at wallet.gadgetcoin.org by clicking on Blockchain under the Money menu item. You can review the transactions under the Transaction menu item by listing the transactions there or just putting the block hash or the transaction uid into the corresponding search boxes.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: traumschiff on June 30, 2015, 12:57:12 PM
Did you code the technology to make instant transactions possible or is it just a theory that you have written down in the whitepaper? Is it ready at launch?

ZeroTime from Vanillacoin is being implemented as we speak, the network is a hybrid TCP/UDP one and transactions will confirm in under 8 seconds.

Edit: I also read that this isn't POW. John (the developer) is implementing instant transaction (the mentioned max. 8 sec) on a POW/POS hybrid currency.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on June 30, 2015, 02:12:46 PM
Did you code the technology to make instant transactions possible or is it just a theory that you have written down in the whitepaper? Is it ready at launch?

ZeroTime from Vanillacoin is being implemented as we speak, the network is a hybrid TCP/UDP one and transactions will confirm in under 8 seconds.

Edit: I also read that this isn't POW. John (the developer) is implementing instant transaction (the mentioned max. 8 sec) on a POW/POS hybrid currency.

Yes, we have implemented the instant transaction and it is operational. As we speak, users are already pushing transactions and the transaction processing and confirmation time is well under 1 second. Majority of the time (around 450ms) is actually spent due to the limitation of the HTML5 light web wallet and its underlying web infrastructure. On the low level hardware which is really our domain such as CCTV IoT camera devices the transaction time average is around 700 ms, but obviously the low level C and assembly implementations give us more room for optimization.

I am sure John's technology is absolutely great at Vanillacoin and I have no doubt it will be a very successful project. We are not trying to compete with John nor with any POW/POS coins - we do not even have mining. What we try to achieve is to bring Bitcoin to a specific user base, empower Internet connected devices with the blockchain and the digital currency payments and bring the concept to real world businesses. For those reasons we have
a) private/public blockchain to protect the privacy of businesses, models and broadcasters
b) the token which bought by the end user pedged to US$1 to handle the volatility issue
b) some centralization to comply with regulation and avoid child pornography and terrorist content on the network

Please let me know if you need more info.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: traumschiff on June 30, 2015, 02:21:04 PM
Did you code the technology to make instant transactions possible or is it just a theory that you have written down in the whitepaper? Is it ready at launch?

ZeroTime from Vanillacoin is being implemented as we speak, the network is a hybrid TCP/UDP one and transactions will confirm in under 8 seconds.

Edit: I also read that this isn't POW. John (the developer) is implementing instant transaction (the mentioned max. 8 sec) on a POW/POS hybrid currency.

Yes, we have implemented the instant transaction and it is operational. As we speak, users are already pushing transactions and the transaction processing and confirmation time is well under 1 second. Majority of the time (around 450ms) is actually spent due to the limitation of the HTML5 light web wallet and its underlying web infrastructure. On the low level hardware which is really our domain such as CCTV IoT camera devices the transaction time average is around 700 ms, but obviously the low level C and assembly implementations give us more room for optimization.

I am sure John's technology is absolutely great at Vanillacoin and I have no doubt it will be a very successful project. We are not trying to compete with John nor with any POW/POS coins - we do not even have mining. What we try to achieve is to bring Bitcoin to a specific user base, empower Internet connected devices with the blockchain and the digital currency payments and bring the concept to real world businesses. For those reasons we have
a) private/public blockchain to protect the privacy of businesses, models and broadcasters
b) the token which bought by the end user pedged to US$1 to handle the volatility issue
b) some centralization to comply with regulation and avoid child pornography and terrorist content on the network

Please let me know if you need more info.




Thank you for the fast and detailed explanation. So to make it clear, this project doesn't really aim to compete with other virtual currencies, but rather wants to acquire a segment of the market. I sadly checked your distribution methods a bit late, thought it's a POW/POS currency.

So you plan to use it only as a token to move things and not as a traditional currency? Since it will be pedged and also is lightly centralized.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: richwang01 on June 30, 2015, 02:24:35 PM
Is there a local version of Gadgetcoin wallet, like bitcoin-qt etc...


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on June 30, 2015, 03:00:26 PM
Did you code the technology to make instant transactions possible or is it just a theory that you have written down in the whitepaper? Is it ready at launch?

ZeroTime from Vanillacoin is being implemented as we speak, the network is a hybrid TCP/UDP one and transactions will confirm in under 8 seconds.

Edit: I also read that this isn't POW. John (the developer) is implementing instant transaction (the mentioned max. 8 sec) on a POW/POS hybrid currency.

Yes, we have implemented the instant transaction and it is operational. As we speak, users are already pushing transactions and the transaction processing and confirmation time is well under 1 second. Majority of the time (around 450ms) is actually spent due to the limitation of the HTML5 light web wallet and its underlying web infrastructure. On the low level hardware which is really our domain such as CCTV IoT camera devices the transaction time average is around 700 ms, but obviously the low level C and assembly implementations give us more room for optimization.

I am sure John's technology is absolutely great at Vanillacoin and I have no doubt it will be a very successful project. We are not trying to compete with John nor with any POW/POS coins - we do not even have mining. What we try to achieve is to bring Bitcoin to a specific user base, empower Internet connected devices with the blockchain and the digital currency payments and bring the concept to real world businesses. For those reasons we have
a) private/public blockchain to protect the privacy of businesses, models and broadcasters
b) the token which bought by the end user pedged to US$1 to handle the volatility issue
b) some centralization to comply with regulation and avoid child pornography and terrorist content on the network

Please let me know if you need more info.




Thank you for the fast and detailed explanation. So to make it clear, this project doesn't really aim to compete with other virtual currencies, but rather wants to acquire a segment of the market. I sadly checked your distribution methods a bit late, thought it's a POW/POS currency.

So you plan to use it only as a token to move things and not as a traditional currency? Since it will be pedged and also is lightly centralized.

Yes, GadgetCoin and GadgetToken basically act as token. There are many very good currencies at the exchanges supported by great communities and we don't see the point in rolling out a new one. That's why we have not cloned BTC or other existing coins. We rather try to make money by taking 5% cut from existing, established businesses such as top webcam models and distribute it transparently to the GadgetCoin community via the blockchain and smart contracts.

Having said that, the GDC currency represents a value. Currently it is at US$ 0.33, but the models and game broadcasters will be able to buy it for no less than US$1, this will be a clause in any models' broadcasting smart contract. Due to the limited supply of GDC, which limited supply is caused by the fact that the GDC purchased by the models at cash out will be burned. We think, for these reasons GadgetCoin will reach the US$5 quickly, but again, this price and economic dynamics are not really comparable to Bitcoin or other alt coins as the demand/supply in our business model is determined by very different factors than the market. Please note GadgetToken is a different entity, it is pedged to 1 US$ to manage the volatility aspect of the operation.

As for the centralization, from certain viewpoint you can say this is very much centralized, because for instance you report a child pornography and the trusted node can terminate the video broadcasting which can seen as an excessive centralization. On the other hand everything is governed by transparent smart contracts which are recorded in the blockchain, and therefore the system only executes contracts that are based on community consensus.

Edit:
Correctly: The price will increase due to the limited supply of GDC, which limited supply is caused by the fact that the GDC purchased by the models at cash out will be burned.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on June 30, 2015, 03:06:31 PM
Is there a local version of Gadgetcoin wallet, like bitcoin-qt etc...

Not yet, only the HTML5 wallet. As we explained it earlier, we wrote this whole system from scratch and once the blockchain, transactions and mainly the smart contract processing are stable then we will roll out the source code and local wallet.

Our first real world users the models and game broadcasters are not overly concerned about the blockchain, POS/POW, smart contracts and forging, more precisely they couldn't care less what the technology is, but the collaboration with them help us to make sure the system is robust enough and performs as intended. So once the system reaches the digital currency enthusiast audience and expert users which quite understandably want to compile the wallet from source then we will be quite certain that a robust and secure system is released.

In the meantime please try the HTML5 wallet and please let us know if you can if there any changes or features are required in your opinion.


 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: traumschiff on June 30, 2015, 03:07:19 PM
Did you code the technology to make instant transactions possible or is it just a theory that you have written down in the whitepaper? Is it ready at launch?

ZeroTime from Vanillacoin is being implemented as we speak, the network is a hybrid TCP/UDP one and transactions will confirm in under 8 seconds.

Edit: I also read that this isn't POW. John (the developer) is implementing instant transaction (the mentioned max. 8 sec) on a POW/POS hybrid currency.

Yes, we have implemented the instant transaction and it is operational. As we speak, users are already pushing transactions and the transaction processing and confirmation time is well under 1 second. Majority of the time (around 450ms) is actually spent due to the limitation of the HTML5 light web wallet and its underlying web infrastructure. On the low level hardware which is really our domain such as CCTV IoT camera devices the transaction time average is around 700 ms, but obviously the low level C and assembly implementations give us more room for optimization.

I am sure John's technology is absolutely great at Vanillacoin and I have no doubt it will be a very successful project. We are not trying to compete with John nor with any POW/POS coins - we do not even have mining. What we try to achieve is to bring Bitcoin to a specific user base, empower Internet connected devices with the blockchain and the digital currency payments and bring the concept to real world businesses. For those reasons we have
a) private/public blockchain to protect the privacy of businesses, models and broadcasters
b) the token which bought by the end user pedged to US$1 to handle the volatility issue
b) some centralization to comply with regulation and avoid child pornography and terrorist content on the network

Please let me know if you need more info.




Thank you for the fast and detailed explanation. So to make it clear, this project doesn't really aim to compete with other virtual currencies, but rather wants to acquire a segment of the market. I sadly checked your distribution methods a bit late, thought it's a POW/POS currency.

So you plan to use it only as a token to move things and not as a traditional currency? Since it will be pedged and also is lightly centralized.

Yes, GadgetCoin and GadgetToken basically act as token. There are many very good currencies at the exchanges supported by great communities and we don't see the point in rolling out a new one. That's why we have not cloned BTC or other existing coins. We rather try to make money by taking 5% cut from existing, established businesses such as top webcam models and distribute it transparently to the GadgetCoin community via the blockchain and smart contracts.

Having said that, the GDC currency represents a value. Currently it is at US$ 0.33, but the models and game broadcasters will be able to buy it for no less than US$1, this will be a clause in any models' broadcasting smart contract. Due to the limited supply of GDC, which limited supply is caused by the fact that the GDC purchased by the models at cash out will be burned. We think, for these reasons GadgetCoin will reach the US$5 quickly, but again, this price and economic dynamics are not really comparable to Bitcoin or other alt coins as the demand/supply in our business model is determined by very different factors than the market. Please note GadgetToken is a different entity, it is pedged to 1 US$ to manage the volatility aspect of the operation.

As for the centralization, from certain viewpoint you can say this is very much centralized, because for instance you report a child pornography and the trusted node can terminate the video broadcasting which can seen as an excessive centralization. On the other hand everything is governed by transparent smart contracts which are recorded in the blockchain, and therefore the system only executes contracts that are based on community consensus.



Thank you for the detailed explanation, everything seems clear now. I wish you the best for the project, the idea seems well thought out!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on June 30, 2015, 03:11:52 PM
Did you code the technology to make instant transactions possible or is it just a theory that you have written down in the whitepaper? Is it ready at launch?

ZeroTime from Vanillacoin is being implemented as we speak, the network is a hybrid TCP/UDP one and transactions will confirm in under 8 seconds.

Edit: I also read that this isn't POW. John (the developer) is implementing instant transaction (the mentioned max. 8 sec) on a POW/POS hybrid currency.

Yes, we have implemented the instant transaction and it is operational. As we speak, users are already pushing transactions and the transaction processing and confirmation time is well under 1 second. Majority of the time (around 450ms) is actually spent due to the limitation of the HTML5 light web wallet and its underlying web infrastructure. On the low level hardware which is really our domain such as CCTV IoT camera devices the transaction time average is around 700 ms, but obviously the low level C and assembly implementations give us more room for optimization.

I am sure John's technology is absolutely great at Vanillacoin and I have no doubt it will be a very successful project. We are not trying to compete with John nor with any POW/POS coins - we do not even have mining. What we try to achieve is to bring Bitcoin to a specific user base, empower Internet connected devices with the blockchain and the digital currency payments and bring the concept to real world businesses. For those reasons we have
a) private/public blockchain to protect the privacy of businesses, models and broadcasters
b) the token which bought by the end user pedged to US$1 to handle the volatility issue
b) some centralization to comply with regulation and avoid child pornography and terrorist content on the network

Please let me know if you need more info.




Thank you for the fast and detailed explanation. So to make it clear, this project doesn't really aim to compete with other virtual currencies, but rather wants to acquire a segment of the market. I sadly checked your distribution methods a bit late, thought it's a POW/POS currency.

So you plan to use it only as a token to move things and not as a traditional currency? Since it will be pedged and also is lightly centralized.

Yes, GadgetCoin and GadgetToken basically act as token. There are many very good currencies at the exchanges supported by great communities and we don't see the point in rolling out a new one. That's why we have not cloned BTC or other existing coins. We rather try to make money by taking 5% cut from existing, established businesses such as top webcam models and distribute it transparently to the GadgetCoin community via the blockchain and smart contracts.

Having said that, the GDC currency represents a value. Currently it is at US$ 0.33, but the models and game broadcasters will be able to buy it for no less than US$1, this will be a clause in any models' broadcasting smart contract. Due to the limited supply of GDC, which limited supply is caused by the fact that the GDC purchased by the models at cash out will be burned. We think, for these reasons GadgetCoin will reach the US$5 quickly, but again, this price and economic dynamics are not really comparable to Bitcoin or other alt coins as the demand/supply in our business model is determined by very different factors than the market. Please note GadgetToken is a different entity, it is pedged to 1 US$ to manage the volatility aspect of the operation.

As for the centralization, from certain viewpoint you can say this is very much centralized, because for instance you report a child pornography and the trusted node can terminate the video broadcasting which can seen as an excessive centralization. On the other hand everything is governed by transparent smart contracts which are recorded in the blockchain, and therefore the system only executes contracts that are based on community consensus.



Thank you for the detailed explanation, everything seems clear now. I wish you the best for the project, the idea seems well thought out!

Thanks for your kind words and stopping by.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on June 30, 2015, 04:05:06 PM
How can we be sure the models and studios will buy the coin for USD 1.00 upon cash out. Is it a smart contract or manual process or what kind of rules makes them buying for that price as currently we got the coin for USD 0.33?




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on June 30, 2015, 05:30:13 PM
How can we be sure the models and studios will buy the coin for USD 1.00 upon cash out. Is it a smart contract or manual process or what kind of rules makes them buying for that price as currently we got the coin for USD 0.33?





The smart contract for broadcasters includes a clause stating that the model must pay a minimum of US$ 1.00 per GadgetCoin and the system executes this contract automatically when the broadcaster cashes out.

The purchase of GadgetCoins will be executed the following order:

1) First the coins belonging to VICR contract will be sold to the models. This takes precedence, which means if you have invested in VICR contracts, your coins will be purchased first. We don't sell a lot of VICR and therefore there is a very limited supply of this kind.
2) Once the VICR coins are purchased and burned the coins of the streaming nodes will be purchased. There is an ongoing coin supply to streaming nodes as they are vital to the network.
3) Finally, the remaining forged coins will be purchased from the marketing team members, community members and developers. http://blog.gadgetcoin.org/2015/06/gadgetnetwork-forging-economy-explained/
This will be a limited supply and only limited amount of coins will be issued to our contributors to make sure there is not an excessively long wait to sell the coins.

Category 1 is a one off supply, category 2 and 3 are ongoing supply as anyone can run a streaming node, contribute to the project and therefore earn GadgetCoin.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on June 30, 2015, 06:01:51 PM
How can we be sure the models and studios will buy the coin for USD 1.00 upon cash out. Is it a smart contract or manual process or what kind of rules makes them buying for that price as currently we got the coin for USD 0.33?





The smart contract for broadcasters includes a clause stating that the model must pay a minimum of US$ 1.00 per GadgetCoin and the system executes this contract automatically when the broadcaster cashes out.

The purchase of GadgetCoins will be executed the following order:

1) First the coins belonging to VICR contract will be sold to the models. This takes precedence, which means if you have invested in VICR contracts, your coins will be purchased first. We don't sell a lot of VICR and therefore there is a very limited supply of this kind.
2) Once the VICR coins are purchased and burned the coins of the streaming nodes will be purchased. There is an ongoing coin supply to streaming nodes as they are vital to the network.
3) Finally, the remaining forged coins will be purchased from the marketing team members, community members and developers. http://blog.gadgetcoin.org/2015/06/gadgetnetwork-forging-economy-explained/
This will be a limited supply and only limited amount of coins will be issued to our contributors to make sure there is not an excessively long wait to sell the coins.

Category 1 is a one off supply, category 2 and 3 are ongoing supply as anyone can run a streaming node, contribute to the project and therefore earn GadgetCoin.

That sounds fucking genius to me :-))) The models and game broadcasters will flow to this service to get the 95% cut. We just need to make sure the the video streaming is smooth, but that is not rocket science. Let me know if you need help, I have experience with Wowza, nginx rtmp and the likes. I assume the model recruit will be a gradual process, but one by one the models will move here from LiveJasmin and the gamers from switch.tv. I am sure they prefer the fucking 95% here vs. their current 50% share.
I will throw a few more BTC into this once I am front of my wallet :-)))



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on June 30, 2015, 11:34:29 PM
How can we be sure the models and studios will buy the coin for USD 1.00 upon cash out. Is it a smart contract or manual process or what kind of rules makes them buying for that price as currently we got the coin for USD 0.33?





The smart contract for broadcasters includes a clause stating that the model must pay a minimum of US$ 1.00 per GadgetCoin and the system executes this contract automatically when the broadcaster cashes out.

The purchase of GadgetCoins will be executed the following order:

1) First the coins belonging to VICR contract will be sold to the models. This takes precedence, which means if you have invested in VICR contracts, your coins will be purchased first. We don't sell a lot of VICR and therefore there is a very limited supply of this kind.
2) Once the VICR coins are purchased and burned the coins of the streaming nodes will be purchased. There is an ongoing coin supply to streaming nodes as they are vital to the network.
3) Finally, the remaining forged coins will be purchased from the marketing team members, community members and developers. http://blog.gadgetcoin.org/2015/06/gadgetnetwork-forging-economy-explained/
This will be a limited supply and only limited amount of coins will be issued to our contributors to make sure there is not an excessively long wait to sell the coins.

Category 1 is a one off supply, category 2 and 3 are ongoing supply as anyone can run a streaming node, contribute to the project and therefore earn GadgetCoin.

That sounds fucking genius to me :-))) The models and game broadcasters will flow to this service to get the 95% cut. We just need to make sure the the video streaming is smooth, but that is not rocket science. Let me know if you need help, I have experience with Wowza, nginx rtmp and the likes. I assume the model recruit will be a gradual process, but one by one the models will move here from LiveJasmin and the gamers from switch.tv. I am sure they prefer the fucking 95% here vs. their current 50% share.
I will throw a few more BTC into this once I am front of my wallet :-)))



i am buying too. do you know what the contract pause means? what's the advantage to pause the contract?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: gadgetcoin on July 01, 2015, 12:35:04 AM
What does "pausing the contract" mean?

Once a VICR contract is purchased and registered in the blockchain it becomes active. From the moment there are active broadcasters on the platform the system automatically executes the VICR contract. The system purchases your GadgetCoins for a minimum of US$ 1.00 behalf of the models during the cash out process. Then once a day, every morning at 1:00 AM GMT time the system allocates  to the contract owners 5% commission from previous day's cash outs. The smart contract engine does this automatically, that's why it is smart contract. That's what happens when the contract isn't paused.

However, if you don't want to sell your coins for the price of US$ 1.00 then you can pause the contract. This means the smart contract engine won't execute the contract whilst in a paused state. Why would you pause the contract? Well, if you expect a higher than US$ 1.00 price then you would not want to sell the coins for one dollar. We said from the beginning that our target is US$ 5.00 and we believe this price is achievable by the end of this year. After all from the models' viewpoint it is irrelevant what the price of the coin is, i.e. if the model's 5% network fee is US$ 50.00 and the GDC price is US$ 1.00 then the model must buy 50 GDC, but if GDC price is US$ 5.00 then the model will have to buy only 10 GDC. Again, for the model doesn't really matter what the price is, however the coin owner could speculate for a higher price by pausing the contract and stopping the sale of GDC.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 01, 2015, 10:01:41 AM
What does "pausing the contract" mean?

Once a VICR contract is purchased and registered in the blockchain it becomes active. From the moment there are active broadcasters on the platform the system automatically executes the VICR contract. The system purchases your GadgetCoins for a minimum of US$ 1.00 behalf of the models during the cash out process. Then once a day, every morning at 1:00 AM GMT time the system allocates  to the contract owners 5% commission from previous day's cash outs. The smart contract engine does this automatically, that's why it is smart contract. That's what happens when the contract isn't paused.

However, if you don't want to sell your coins for the price of US$ 1.00 then you can pause the contract. This means the smart contract engine won't execute the contract whilst in a paused state. Why would you pause the contract? Well, if you expect a higher than US$ 1.00 price then you would not want to sell the coins for one dollar. We said from the beginning that our target is US$ 5.00 and we believe this price is achievable by the end of this year. After all from the models' viewpoint it is irrelevant what the price of the coin is, i.e. if the model's 5% network fee is US$ 50.00 and the GDC price is US$ 1.00 then the model must buy 50 GDC, but if GDC price is US$ 5.00 then the model will have to buy only 10 GDC. Again, for the model doesn't really matter what the price is, however the coin owner could speculate for a higher price by pausing the contract and stopping the sale of GDC.



thanks for explaining the contract pause. that make sense. I hope you don't add this coin to the exchanges. if the coin is on the exchange then the models will buy it from the exchange for a cheaper price. that will push the price down. we could have eventually enough demand from the adult models and gamers for the coin there is no need to be one of the many hundred coins on the exchanges. other coins can do the day trading on the exchange, i will be happy selling internally to the models with the smart contract for the 1 usd price. what is your position on this?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 01, 2015, 11:06:36 AM
What does "pausing the contract" mean?

Once a VICR contract is purchased and registered in the blockchain it becomes active. From the moment there are active broadcasters on the platform the system automatically executes the VICR contract. The system purchases your GadgetCoins for a minimum of US$ 1.00 behalf of the models during the cash out process. Then once a day, every morning at 1:00 AM GMT time the system allocates  to the contract owners 5% commission from previous day's cash outs. The smart contract engine does this automatically, that's why it is smart contract. That's what happens when the contract isn't paused.

However, if you don't want to sell your coins for the price of US$ 1.00 then you can pause the contract. This means the smart contract engine won't execute the contract whilst in a paused state. Why would you pause the contract? Well, if you expect a higher than US$ 1.00 price then you would not want to sell the coins for one dollar. We said from the beginning that our target is US$ 5.00 and we believe this price is achievable by the end of this year. After all from the models' viewpoint it is irrelevant what the price of the coin is, i.e. if the model's 5% network fee is US$ 50.00 and the GDC price is US$ 1.00 then the model must buy 50 GDC, but if GDC price is US$ 5.00 then the model will have to buy only 10 GDC. Again, for the model doesn't really matter what the price is, however the coin owner could speculate for a higher price by pausing the contract and stopping the sale of GDC.



thanks for explaining the contract pause. that make sense. I hope you don't add this coin to the exchanges. if the coin is on the exchange then the models will buy it from the exchange for a cheaper price. that will push the price down. we could have eventually enough demand from the adult models and gamers for the coin there is no need to be one of the many hundred coins on the exchanges. other coins can do the day trading on the exchange, i will be happy selling internally to the models with the smart contract for the 1 usd price. what is your position on this?

We have been receiving quite a few PMs and emails regarding to the exchange issue. Many users contacted us and suggested to add the coin to various exchanges and said that not being a listed coin is an issue. Others think the coin should not be on the exchange.

Personally, I can't see the point to be one of the 300 coins on the crowded altcoin exchanges. I think we should execute the original plan and serve real world businesses rather than be worried what the current pumping or dumping price is on the exchanges.
In order to do that, to provide businesses and connected IoT devices with blockchain based micropayments we don't have to be on the exchange. To sell the coin for US$ 1.00 or more to the models and gamers who can't cash out without buying the coin, to bring a disruptive technology to the US$ 100 billion porn market, to manage payments for security CCTV cameras we don't have to be on the exchanges. To collect the network fee from the models and gamers we also don't have to be on the exchanges.

This business model is rather simple: we provide the tools and platform so for instance an adult broadcaster can cash out 95% revenue by using our platform as well as the broadcasters pay 5% network fee by buying GDC from the coin owners. To implement and operate such business model we don't have to be on the exchange.

If I understand correctly, the ultimate question from coin owners' viewpoint is that can I sell my coin for US$ 1.00? I think the business model pretty much determines that the answer is yes.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 01, 2015, 02:27:03 PM
If the currency isn't listed on the exchanges then it's not a currency.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 01, 2015, 02:58:23 PM
If the currency isn't listed on the exchanges then it's not a currency.




Well, the ancient Greeks and Romans used currencies and their currencies were functioning as a medium of exchange without being listed on a digital currency exchange. The currency primarily is a medium of exchange and I think an entity can still function as such without being pumped and dumped on a digital exchange. If our users will buy video stream services using GadgetCoin/GadgetToken on the GadgetNet platform then the digital entity will be a medium of exchange, a true currency.

Having said that, if the community think the currency must be listed on exchanges lets talk about it, we can vote on the issue and decide together the way forward. We would like to make this a true community project and we should go forward the way the majority of users are comfortable with, especially that this exchange issue is not what primarily determine the success of the currency. When the models start using this platform the currency will be on the way to be a success, regardless it is on the exchange or not, I just think the exchange introduces some complications, but this is just my personal opinion and I will have one vote like others have in the decision making process.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: richwang01 on July 01, 2015, 04:05:27 PM
How to check VICR contract in Blockchain, I don't see any search button.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 01, 2015, 05:55:39 PM
How to check VICR contract in Blockchain, I don't see any search button.

It is under the Money menu, there is a "Blockchain" menu item. Also you can get blockhain info from the "Transactions" menu item by putting the block's hash into the search box or if it is your transaction then just by clicking on the transaction. Also you can review this way any transactions  that happened on the network by putting the block hash  into the search input control at the Transactions page.
Tomorrow we will roll out a new version which will have a more accessible link and search for the blockchain.

Please note, we discovered today there is a bug in one of the nodejs libs that queries the BTC transactions and it causes delay in moving the VICR contracts to the blockchain. We will fix that by tomorrow as well.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 01, 2015, 06:06:13 PM
As I posted above we discovered today there is a bug in one of the nodejs libs that queries the BTC transactions and it causes delay in moving the VICR contracts to the blockchain. We will fix this issue by tomorrow. This bug does not effect your ownership regarding to the contratc, but causes an error message, VICR owners receive a message that the transaction is pending and please pay for the contract. If you paid already for the contract please ignore this message. I can confirm that we received the transactions, lately the following transactions came through:
 
1FSbfMAQnJxEBWpyX42pbYYwnGCnCxz5xV    1.1662 BTC
1BcxEMN3R3rs7cyy93vNu4zVJQepPnd7vP      1.1664 BTC
1ECycsve9JVJKQX9467EckUBBAYyw2TTJs      1.2321 BTC

Sorry again for this bug, and your contract is being processing and it will be in the blockchain soon.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2mer01 on July 01, 2015, 10:09:14 PM
Could you reveal some information of development team, like Linkin etc.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: jiefangqian on July 02, 2015, 12:16:47 AM
1BcxEMN3R3rs7cyy93vNu4zVJQepPnd7vP      1.1664 BTC
is me ;)

Quote
Payment Services
The system supports three types of payment integrations
I am bitshares (https://bitshares.org) fans
I want to know,does the system supports bitusd or bitcny?
The bitusd=usd
About bitshares:
https://bitsharestalk.org/index.php/topic,16447.0.html


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 02, 2015, 09:30:23 AM
1BcxEMN3R3rs7cyy93vNu4zVJQepPnd7vP      1.1664 BTC
is me ;)

Quote
Payment Services
The system supports three types of payment integrations
I am bitshares (https://bitshares.org) fans
I want to know,does the system supports bitusd or bitcny?
The bitusd=usd
About bitshares:
https://bitsharestalk.org/index.php/topic,16447.0.html


I am a big fan of Bitshare too. I think Dan Larimer an honest young man with lots of integrity and obviously he is an extra clever guy. As far as I know GadgetCoin uses the Bitshare methodology to pedge the token to 1US$ though I am not entirely sure if that is really the case.
I hope they will work with Bitshare, both projects could gain a lot from a partnership.

I also suggested already to these guys to try working with Supernet as well. I always have a mixed feelings about James (jl777) but one thing is sure he knows what he is doing and he is an extra talented guy, again both projects could gain from the partnership.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 02, 2015, 10:15:49 AM
Could you reveal some information of development team, like Linkin etc.

Yes, we will do that. We are working on a news release which will include info about the led devs and contractors.
Please note, some of the developers wish to keep their anonymity and contribute anonymously to the project and that's fine, we accept that and we are grateful for their anonymous contribution.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 02, 2015, 10:37:58 AM
1BcxEMN3R3rs7cyy93vNu4zVJQepPnd7vP      1.1664 BTC
is me ;)

Quote
Payment Services
The system supports three types of payment integrations
I am bitshares (https://bitshares.org) fans
I want to know,does the system supports bitusd or bitcny?
The bitusd=usd
About bitshares:
https://bitsharestalk.org/index.php/topic,16447.0.html


Thank you for your cooperation. We are updating the system with hot fixes and your VICR contract will be active later today.

Regarding to Bitshares, the plan is to enable payments to main digital currencies and BitUSD is certainly one of them. We will contact the devs of all main currencies to make this happen. It's worth mentioning that GadgetToken is pedged to one US dollar and the implementation is based on the Bitshares philosophy and concept.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 02, 2015, 12:18:58 PM
We have been receiving questions regarding to the number of coins, the number of VICR contracts and generally how many GDC coins will be issued on the system.

There are 1,000 ores have been deposited (2x500) to two long time supporters. Their accounts and user names were used during the test. One user will supply streaming node servers and the other user does marketing work on a very important market and we felt their long time support must be acknowledged with this symbolic deposit which by the way was the live test of the forging method.

Following these one-off deposits the consensus criteria, which we have been talking about for a while was activated on the system, and since that it is not possible to deposit any ores without having an associated smart contract. As a system rule, currently only VICR smart contracts can be associated with ore deposits and nothing else can trigger ore deposit. Since new type smart contracts can be initiated only with community consensus and this rule which we proposed long time ago built into the system, unauthorized smart contracts can't exists on the system. If you see any other ore deposit in the blockchain then the VICR related ones then that is a fraudulent transaction and as such it will be cancelled. 

That means until the live, paid broadcasting start only the VICR related coins will be issued on the system, and therefore only a VICR smart contract can be associated with an ore deposit. Once the live video streaming start then the streaming nodes will receive coins as well for providing processing power and bandwidth, but their contract class is "B". The "A" priority class VICR contracts are the first in the queue when the models cash out and buy GDC for a minimum of US$ 1.00 - the video streaming server nodes must wait with selling their GDC until the VICR contracts has been paid off. By enforcing this built in business rule the system ensures that the VICR angel investors are paid first.

How many VICR contracts will be issued? We are talking to two angel investors outside of the crypto world, but I can't see we sell more than 200 contracts all together, which result in less than 200,000 GDC.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 02, 2015, 02:25:52 PM
Another question was "What is the difference between GDC and GDT?"

GDC is GadgetCoin and GDT is GadgetToken. We have already explained the role of GDC - the broadcasters must pay the network fee in GDC. GDC is a purpose built digital currency to collect fees (like Ethereum does with the gas).

GadgetToken (GDT) is like Bitshare's BitUSD, and it is our centralized solution for the volatility problem. When we started to talk to businesses about Internet of Things device micropayments, the main issue was the volatility of digital currencies. Adult camera services and other more mainstream businesses such as security providers and CCTV system integrators are unable to run a business using a volatile digital currency. From a business viewpoint the volatility of digital currencies are simply unacceptable, therefore we must peg something to 1 US$. This pegged entity is GDT on the GadgetNet network. End users such as viewers of the adult live shows know nothing about GDC (most of them have hardly heard about Bitcoin), and when they want to watch a live show then they will have to buy GDT for a 1 US$ per token price by paying with Bitcoin or US dollar, Euro GBP, etc. When the models cash out the system buys the GDT from the model for a US$ 1.00 per token price and burns the token (if there is no new buy request from viewers).


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 02, 2015, 08:35:14 PM
It seems to me all VICR contracts gone through, but please let us know if you have any issues.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 02, 2015, 10:14:49 PM
It was a question how to view items in the blockchain. This picture hopefully explains it.



http://i.imgur.com/cBOXxsD.jpg


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 02, 2015, 11:17:24 PM
I am setting up a studio and hiring adult web camera models. If you refer a model I pay
5 BTC
referral fee. I asked the devs and according to them we can set up a smart contract to pay out the referral fee from my studio's earnings.
My studio is in Budapest, Hungary and primarily we are interested in East European models, preferably from Hungary, Romania, Ukraine and Slovakia. We provide apartment, laptop, high quality HD camera, working visa for the Ukrainians and up to 70% share from their gross earnings.

Please send me message if you know someone and are interested working with my studio.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 02, 2015, 11:58:45 PM
Devs! would you confirm can we set-up contract in the software to pay the referral fee? When the model start working pay somehow the referral.

I also don't know what if I am a VICR owner? I bought a VICR contract. If I have a studio, can I still buy a ViCR contract and pay the network fee in GDC from my own VICR contract?



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 03, 2015, 12:23:10 AM
Devs! would you confirm can we set-up contract in the software to pay the referral fee? When the model start working pay somehow the referral.

I also don't know what if I am a VICR owner? I bought a VICR contract. If I have a studio, can I still buy a ViCR contract and pay the network fee in GDC from my own VICR contract?



Absolutely, we can define and activate a referral smart contract. I suggest to define a minimum revenue requirement which the model must generate in order to pay out the 5 BTC referral fee. You will have to sign the contract with your private key and then the system execute the contract when the target is reached.

You can buy VICR contract, but you are unable to pay your studio's network fee directly from your contract, fulfilling the contract is an automated process.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: jiefangqian on July 03, 2015, 01:04:14 AM
perfect network


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 03, 2015, 03:15:57 AM
I am a VICR owner, I had a few questions about the process and I had an (email) chat with the devs earlier today. I just want to put forward to other VICR owners or interested parties what was my suggestion regarding to the exchanges.

I think the devs are completely wrong about the exchange issue, this currency must be listed on the exchanges. I strongly believe that being listed on the exchanges is in the best interest of all coinholders. From models' viewpoint doesn't matter what the price is. After all, the models pay the 5% network fee after a FIAT amount upon cash out, in the meantime the network in my opinion has a tremendous potential if it really can serve real businesses, which means the price most likely will go up. There is a very limited supply of coin, and I think the price will increase from the current 0.333 without forcing the models to buy the coin for a USD 1.00  price. I understand the devs want to stabilise the price with a centralized control, but unfortunately the enforced USD 1.00 price prevents all further price increase. Perhaps the price would go to 2,3 or 4 USD, but we will never know if that's the case as the price is controlled with a centralized process.

Can VICR owners vote on this issue?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 03, 2015, 06:00:18 AM
Hey!

Two Questions.

Is there an offline wallet?

And why when I press "Create Wallet" does it say "Register your JIZZMO Account"? Is the VICR contract exclusive to JIZZMO?

Thanks!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: delulo on July 03, 2015, 06:48:06 AM
Lots to read here :)

First of all, thank you for what seems like a serious project with a long term perspective! IoT is a big one! I just read this report yesterday: http://www.finextra.com/finextra-downloads/newsdocs/The%20Fintech%202%200%20Paper.PDF

A few questions:
1. Do you plan to make your names public (sometimes in the future (when a company has been built))?
2. How are the plans to monetize the project? Through a consultancy model? Through forging and owning GDC?
3. What gives value to the gadgetcoins? Only that they are burned when the gadget blockchain is used?
4. What is the supply curve for forging GDC? Is it linear?
5. Since the big guys (IBM etc.) are working on this too. What would you say is your competitive advantage? What use cases are you targeting that suit your competitive advantage and that IBM etc. are maybe not targeting?

Lots of questions I know. You don't have to answer all of them, especially if you are not comfortable answering them! :) But I am very interested in what you do!





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 03, 2015, 11:02:45 AM
Hey!

Two Questions.

Is there an offline wallet?

And why when I press "Create Wallet" does it say "Register your JIZZMO Account"? Is the VICR contract exclusive to JIZZMO?

Thanks!

No, it is a generic GadgetNet account, the "JIZZMO Account" is an error. Thanks for pointing this out and we fixed the problem, the update will be rolled out later today.

As for the offline wallet, there is no offline wallet in this moment of time.
We explained earlier that the system has been written from scratch, there is zero code from Bitcoin nor Litecoin nor others (though we have inspired by all great techs like Bitcoin, Bitshares and Ethereum just to mention a few). As this is a completely new smart contract system we must make sure this is a stable system before the open sourced P2P app is released in the public domain. The main purpose of this system is to work with real world businesses and real world use cases, and therefore the system must be bullet proof when it handles businesses' money just like Bitcoin is stable enough to handle transactions. Once it is clear that everything works as it is intended then we will roll out the open source P2P app.
Please note the main apps like www.jizzmo.net and streemo.net will be never a P2P, those must be a centralized web app as the customers of those site know nothing about P2P apps - they just want to watch the models and gamers.

Other issue and I take this opportunity to explain it, that a feature must be finalized before we roll out the open sourced P2P wallet. The most urgent is to enable the consensus control module. I made the immense mistake of issuing 2 x 500 GDC for two community members by pushing through ore deposits without a proper consensus using the foundation account. I sincerely apologize for this, but this error highlights the issue about the inactive consensus control module. One of the main attributes of the system is that coins never ever issued without a proper consensus. Prior to releasing the P2P application the community must take over the consensus process in some form such as via delegates or the GDC foundation, and once it is sorted then the P2P app should work.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 03, 2015, 11:52:57 AM
Lots to read here :)

First of all, thank you for what seems like a serious project with a long term perspective! IoT is a big one! I just read this report yesterday: http://www.finextra.com/finextra-downloads/newsdocs/The%20Fintech%202%200%20Paper.PDF

A few questions:
1. Do you plan to make your names public (sometimes in the future (when a company has been built))?
2. How are the plans to monetize the project? Through a consultancy model? Through forging and owning GDC?
3. What gives value to the gadgetcoins? Only that they are burned when the gadget blockchain is used?
4. What is the supply curve for forging GDC? Is it linear?
5. Since the big guys (IBM etc.) are working on this too. What would you say is your competitive advantage? What use cases are you targeting that suit your competitive advantage and that IBM etc. are maybe not targeting?

Lots of questions I know. You don't have to answer all of them, especially if you are not comfortable answering them! :) But I am very interested in what you do!



Thanks for your questions and great to see you in this thread!

Thanks for pointing out the Fintech document. We sent just recently a brochure to Santander to offer our consultancy service in distributed ledgers, device micropayments and assist the banks to implement blockchain based ledgers. This leads to the answer of your question 2. The plan is to monetize
a) by providing consultancy services for financial institutions and mainly to IoT system integrators who wish to build services on the GadgetNet blockchain. The adult and gamers themes are important for the project, but in long term we would like to be a generic IoT blockchain to enable the implementation of all type of professional and industrial services on the GadgetNet blockchain. Then, we will be there to assist bussinesses with our consultancy service.
b) From advertisements. Amazon's 1 billion dollar investment in twitch.tv indicates that there is money in live video streaming advertisements. We can do a few things better than twitch.tv does and we believe we can generate advertisement revenue on the platform, in both with the adult service jizzmo.net and the gamers service streemo.net.

As for other questions
1) Once the live streaming and FIAT processing start at the end of July, a legal and properly formed business must involve with the project, and then the participants will be known, though some of the developers wish to keep contributing anonymously.

3) I think what gives value to GDC are that the coins will be burned upon purchasing them from the coin holders as well as the real use case triggered ongoing demand will presumably establish a trust, and the public trust probably will increase the price

4) I am not sure if I understand correctly the economics of this, but I believe it is not linear, with increasing number of broadcasters it will be an increasing forging process

5) It is always a slippery slope for noname, start-up software developers to explain how we will take on IBM, Oracle and Microsoft - regardless of this we can't wait for the opportunity of the demonstrating of our over ambitious plan, so the answer is, of course we will be able to compete with IBM  :) On the serious note, we believe IBM has overlooked two very important aspects of the system design, and it seems IoT system integrators agree with us on this.

a) the system must be able to comply with laws and regulations such as money laundering regulations, and must be accessible to law enforcement if and when it is required. Without this no IoT system integrator nor real world business will touch the IoT blockchain. Of course one can run GadgetNet without enabling those modules and serve the darknet, but we designed the system that the default configuration is to comply with regulations and law enforcement. IBM's ADEPT system simply doesn't do that. Of course one can build services on the IBM system to satisfy regulatory requirements but GadgetNet does this by default (that's why we have centralized trusted nodes by default)

b) The bigger issue with IBM's sytem is, they overlooked the requirement for privacy. IoT system integrators won't touch the system when financial data is traceable in the block chain and an observer can figure out e.g. a CCTV camera activities and performed how much transactions and when. Gadgetnet address this issue by introducing the private/public blockchain concept. We explained this in our white paper and in our blog at http://bit.ly/1FXIihV.

We shared our view on regulatory and privacy requirements with Paul Brody, chief scientist of IBM and I think they are thinking about how to progress (though Brody is already gone to EY).

I am sorry for the long winded reply, but these are important questions.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 03, 2015, 12:23:40 PM
I am a VICR owner, I had a few questions about the process and I had an (email) chat with the devs earlier today. I just want to put forward to other VICR owners or interested parties what was my suggestion regarding to the exchanges.

I think the devs are completely wrong about the exchange issue, this currency must be listed on the exchanges. I strongly believe that being listed on the exchanges is in the best interest of all coinholders. From models' viewpoint doesn't matter what the price is. After all, the models pay the 5% network fee after a FIAT amount upon cash out, in the meantime the network in my opinion has a tremendous potential if it really can serve real businesses, which means the price most likely will go up. There is a very limited supply of coin, and I think the price will increase from the current 0.333 without forcing the models to buy the coin for a USD 1.00  price. I understand the devs want to stabilise the price with a centralized control, but unfortunately the enforced USD 1.00 price prevents all further price increase. Perhaps the price would go to 2,3 or 4 USD, but we will never know if that's the case as the price is controlled with a centralized process.

Can VICR owners vote on this issue?


There are quite a few user requests about the exchanges. It seems there are more pros than cons for listing the coin on the exchanges.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 03, 2015, 01:00:12 PM
I am a VICR owner, I had a few questions about the process and I had an (email) chat with the devs earlier today. I just want to put forward to other VICR owners or interested parties what was my suggestion regarding to the exchanges.

I think the devs are completely wrong about the exchange issue, this currency must be listed on the exchanges. I strongly believe that being listed on the exchanges is in the best interest of all coinholders. From models' viewpoint doesn't matter what the price is. After all, the models pay the 5% network fee after a FIAT amount upon cash out, in the meantime the network in my opinion has a tremendous potential if it really can serve real businesses, which means the price most likely will go up. There is a very limited supply of coin, and I think the price will increase from the current 0.333 without forcing the models to buy the coin for a USD 1.00  price. I understand the devs want to stabilise the price with a centralized control, but unfortunately the enforced USD 1.00 price prevents all further price increase. Perhaps the price would go to 2,3 or 4 USD, but we will never know if that's the case as the price is controlled with a centralized process.

Can VICR owners vote on this issue?


There are quite a few user requests about the exchanges. It seems there are more pros than cons for listing the coin on the exchanges.



OK, sounds good, lets do this then.

Have you seen this? http://bit.ly/1Uh35YF

Should the GadgetCoin development board use a Trusted Zone chip?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 03, 2015, 01:27:59 PM
I am a VICR owner, I had a few questions about the process and I had an (email) chat with the devs earlier today. I just want to put forward to other VICR owners or interested parties what was my suggestion regarding to the exchanges.

I think the devs are completely wrong about the exchange issue, this currency must be listed on the exchanges. I strongly believe that being listed on the exchanges is in the best interest of all coinholders. From models' viewpoint doesn't matter what the price is. After all, the models pay the 5% network fee after a FIAT amount upon cash out, in the meantime the network in my opinion has a tremendous potential if it really can serve real businesses, which means the price most likely will go up. There is a very limited supply of coin, and I think the price will increase from the current 0.333 without forcing the models to buy the coin for a USD 1.00  price. I understand the devs want to stabilise the price with a centralized control, but unfortunately the enforced USD 1.00 price prevents all further price increase. Perhaps the price would go to 2,3 or 4 USD, but we will never know if that's the case as the price is controlled with a centralized process.

Can VICR owners vote on this issue?


There are quite a few user requests about the exchanges. It seems there are more pros than cons for listing the coin on the exchanges.



OK, sounds good, lets do this then.

Have you seen this? http://bit.ly/1Uh35YF

Should the GadgetCoin development board use a Trusted Zone chip?


It should and we have been working on it. We tested this one http://www.atmel.com/products/microcontrollers/ARM/sama5.aspx?tab=overview and it seems this is a good choice.

The only reason we have not using it on the current board is that Trust Zone mcus were not available last year when we designed the development board. The new version will be with Trust Zone ARM.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tzpardi on July 03, 2015, 01:45:28 PM
Hey!

Two Questions.

Is there an offline wallet?

And why when I press "Create Wallet" does it say "Register your JIZZMO Account"? Is the VICR contract exclusive to JIZZMO?

Thanks!

No, it is a generic GadgetNet account, the "JIZZMO Account" is an error. Thanks for pointing this out and we fixed the problem, the update will be rolled out later today.

As for the offline wallet, there is no offline wallet in this moment of time.
We explained earlier that the system has been written from scratch, there is zero code from Bitcoin nor Litecoin nor others (though we have inspired by all great techs like Bitcoin, Bitshares and Ethereum just to mention a few). As this is a completely new smart contract system we must make sure this is a stable system before the open sourced P2P app is released in the public domain. The main purpose of this system is to work with real world businesses and real world use cases, and therefore the system must be bullet proof when it handles businesses' money just like Bitcoin is stable enough to handle transactions. Once it is clear that everything works as it is intended then we will roll out the open source P2P app.
Please note the main apps like www.jizzmo.net and streemo.net will be never a P2P, those must be a centralized web app as the customers of those site know nothing about P2P apps - they just want to watch the models and gamers.

Other issue and I take this opportunity to explain it, that a feature must be finalized before we roll out the open sourced P2P wallet. The most urgent is to enable the consensus control module. I made the immense mistake of issuing 2 x 500 GDC for two community members by pushing through ore deposits without a proper consensus using the foundation account. I sincerely apologize for this, but this error highlights the issue about the inactive consensus control module. One of the main attributes of the system is that coins never ever issued without a proper consensus. Prior to releasing the P2P application the community must take over the consensus process in some form such as via delegates or the GDC foundation, and once it is sorted then the P2P app should work.


Activating the consensus control should be one of the priorities from now.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 03, 2015, 10:40:34 PM
i spoke to a Livejasmin model. she will get the money end of the month from jasmin, after she can join to Gadgetnet and www.Jizzmo.net!!!!!!
it was very easy, she said jasmin is taking to much money from the models. she will tell other models to come. This can be huge!!!!!!  :o  :)


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Bitcoinman777 on July 03, 2015, 10:50:40 PM
I am setting up a studio and hiring adult web camera models. If you refer a model I pay
5 BTC
referral fee. I asked the devs and according to them we can set up a smart contract to pay out the referral fee from my studio's earnings.
My studio is in Budapest, Hungary and primarily we are interested in East European models, preferably from Hungary, Romania, Ukraine and Slovakia. We provide apartment, laptop, high quality HD camera, working visa for the Ukrainians and up to 70% share from their gross earnings.

Please send me message if you know someone and are interested working with my studio.


So basically you want to abuse young woman by selling their body and earn some money and offcourse get some goodies. WOW big up!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 03, 2015, 11:52:05 PM
Wow, strange view. currently the models work for other studios like one of East-Europe richest men Gyorgy Gattyan studios in Romania and Hungary. Gattyan is the owner of LiveJasmin and his studios pay USD 10-15 per hour for the models. do you research first. if you do your research you will see Romanian studios exploiting girls and pay only 5 USD per hour in Bucharest studios. I offer for the models 70% of their earnings. why is abusing to pay 70% from their earning when other studios hardly pay 20%?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 04, 2015, 12:31:16 AM
I am setting up a studio and hiring adult web camera models. If you refer a model I pay
5 BTC
referral fee. I asked the devs and according to them we can set up a smart contract to pay out the referral fee from my studio's earnings.
My studio is in Budapest, Hungary and primarily we are interested in East European models, preferably from Hungary, Romania, Ukraine and Slovakia. We provide apartment, laptop, high quality HD camera, working visa for the Ukrainians and up to 70% share from their gross earnings.

Please send me message if you know someone and are interested working with my studio.


So basically you want to abuse young woman by selling their body and earn some money and offcourse get some goodies. WOW big up!

i think what he wants is to get models from existing studios and pay lot more for the models what the existing studios pay.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 04, 2015, 12:41:56 AM
i spoke to a Livejasmin model. she will get the money end of the month from jasmin, after she can join to Gadgetnet and www.Jizzmo.net!!!!!!
it was very easy, she said jasmin is taking to much money from the models. she will tell other models to come. This can be huge!!!!!!  :o  :)


Thank you for your support.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 04, 2015, 12:10:49 PM
In the VIDC100HOURS Terms and Conditions ,i have somethings not clear.
1, when i buy VIDC100HOURS ,i get 900 ores, and this 900 ores could forge into GadgetCoin.
After I forge into GDC, I still have the VIDC100HOURS contracts? Am i still the Contract owner?
And still get the GadgetTokens? As below says:
    vi. Allocating the daily commission pool (DCP) to the VIDC100HOURS contracts equally.  For example, if daily commission pool (DCP) is 1,000 GadgetTokens and there are 100 existing VIDC100HOURS contracts on the Network, then each VIDC100HOURS contract balance will be increased by 10 GadgetToken.
    vii. Paying out the commission to the Contract Owner. For example, if each VIDC100HOURS contract receives 10 GadgetToken and the Contract Owner owns 5 VIDC100HOURS contracts then the  Contract Owner receives 50 GadgetToken.

2, Buying VIDC100HOURS get profits from the GDC price rise, or the daily GadgetToken back ?
3,  as it says
  ix. Calculating the total number of daily base of the commission per each VIDC100HOURS contract.  Once the total number of daily base for the commission reaches 100 hours then the contract is marked as completed and will be terminated by the Network.
As times goes by, all the VIDC100HOURS will be marked completed . And there will be no VIDC100HOURS holder.  what is your plan after that time.?

waiting for you·


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 04, 2015, 01:13:38 PM
In the VIDC100HOURS Terms and Conditions ,i have somethings not clear.
1, when i buy VIDC100HOURS ,i get 900 ores, and this 900 ores could forge into GadgetCoin.
After I forge into GDC, I still have the VIDC100HOURS contracts? Am i still the Contract owner?
And still get the GadgetTokens? As below says:
   vi. Allocating the daily commission pool (DCP) to the VIDC100HOURS contracts equally.  For example, if daily commission pool (DCP) is 1,000 GadgetTokens and there are 100 existing VIDC100HOURS contracts on the Network, then each VIDC100HOURS contract balance will be increased by 10 GadgetToken.
    vii. Paying out the commission to the Contract Owner. For example, if each VIDC100HOURS contract receives 10 GadgetToken and the Contract Owner owns 5 VIDC100HOURS contracts then the  Contract Owner receives 50 GadgetToken.

2, Buying VIDC100HOURS get profits from the GDC price rise, or the daily GadgetToken back ?
3,  as it says
 ix. Calculating the total number of daily base of the commission per each VIDC100HOURS contract.  Once the total number of daily base for the commission reaches 100 hours then the contract is marked as completed and will be terminated by the Network.
As times goes by, all the VIDC100HOURS will be marked completed . And there will be no VIDC100HOURS holder.  what is your plan after that time.?

waiting for you·


Yes, of course you have the contract until the 5% commission of 100 Hours streaming for a minimum of US$ 900.00 is completed. The system pays off the 5% based on the Contract ID, and therefore you must have the contract. The 900 GDC is only the medium of exchange to facilitate a transaction between the models' smart contracts and VICR smart contracts. I know it sounds complicated, but implementation wise it is a relatively simple smart contract.  

The reason the contract was complicated with the forging is because this way every steps of the process are traceable, auditable and verifiable. The models/broadcasters must buy GDC in order to cash out - otherwise they simply unable to get their cash and since only VICR contracts have GDC (or even if others would have GDC the VICR contracts are the first in the queue of selling GDC to the broadcasters) with this mechanism we can address traceability and audit requirements.

Also, combining the contract with forging allows speculative manoeuvres with the contract. For example, as we have explained already, if you expect a higher price than US$ 1.00 then you can pause the execution of the contract, wait until the GDC price reaches our 6 months target which is US$ 5.00 and then start selling the GDC to the models. In this case, let say if the price is US$ 5.00 you will get the US$ 900.00 for the contract by selling only 180 GDC, and the remaining 720 GDC you can sell for the price of US$ 3,600 permit the price is US$ 5.00.

Please let us know if you have any questions.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 04, 2015, 01:59:09 PM
In the VIDC100HOURS Terms and Conditions ,i have somethings not clear.
1, when i buy VIDC100HOURS ,i get 900 ores, and this 900 ores could forge into GadgetCoin.
After I forge into GDC, I still have the VIDC100HOURS contracts? Am i still the Contract owner?
And still get the GadgetTokens? As below says:
   vi. Allocating the daily commission pool (DCP) to the VIDC100HOURS contracts equally.  For example, if daily commission pool (DCP) is 1,000 GadgetTokens and there are 100 existing VIDC100HOURS contracts on the Network, then each VIDC100HOURS contract balance will be increased by 10 GadgetToken.
    vii. Paying out the commission to the Contract Owner. For example, if each VIDC100HOURS contract receives 10 GadgetToken and the Contract Owner owns 5 VIDC100HOURS contracts then the  Contract Owner receives 50 GadgetToken.

2, Buying VIDC100HOURS get profits from the GDC price rise, or the daily GadgetToken back ?
3,  as it says
 ix. Calculating the total number of daily base of the commission per each VIDC100HOURS contract.  Once the total number of daily base for the commission reaches 100 hours then the contract is marked as completed and will be terminated by the Network.
As times goes by, all the VIDC100HOURS will be marked completed . And there will be no VIDC100HOURS holder.  what is your plan after that time.?

waiting for you·


Yes, of course you have the contract until the 5% commission of 100 Hours streaming for a minimum of US$ 900.00 is completed. The system pays off the 5% based on the Contract ID, and therefore you must have the contract. The 900 GDC is only the medium of exchange to facilitate a transaction between the models' smart contracts and VICR smart contracts. I know it sounds complicated, but implementation wise it is a relatively simple smart contract.  

The reason the contract was complicated with the forging is because this way every steps of the process are traceable, auditable and verifiable. The models/broadcasters must buy GDC in order to cash out - otherwise they simply unable to get their cash and since only VICR contracts have GDC (or even if others would have GDC the VICR contracts are the first in the queue of selling GDC to the broadcasters) with this mechanism we can address traceability and audit requirements.

Also, combining the contract with forging allows speculative manoeuvres with the contract. For example, as we have explained already, if you expect a higher price than US$ 1.00 then you can pause the execution of the contract, wait until the GDC price reaches our 6 months target which is US$ 5.00 and then start selling the GDC to the models. In this case, let say if the price is US$ 5.00 you will get the US$ 900.00 for the contract by selling only 180 GDC, and the remaining 720 GDC you can sell for the price of US$ 3,600 permit the price is US$ 5.00.

Please let us know if you have any questions.



So if I don't pause the execution of VIDC100HOURS, my GDCs will be automatic sold out partly everyday ?
GadgetToken could be got every day?  this is no GadgetToken either I pause the contracts or not ?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 04, 2015, 02:22:12 PM
In the VIDC100HOURS Terms and Conditions ,i have somethings not clear.
1, when i buy VIDC100HOURS ,i get 900 ores, and this 900 ores could forge into GadgetCoin.
After I forge into GDC, I still have the VIDC100HOURS contracts? Am i still the Contract owner?
And still get the GadgetTokens? As below says:
   vi. Allocating the daily commission pool (DCP) to the VIDC100HOURS contracts equally.  For example, if daily commission pool (DCP) is 1,000 GadgetTokens and there are 100 existing VIDC100HOURS contracts on the Network, then each VIDC100HOURS contract balance will be increased by 10 GadgetToken.
    vii. Paying out the commission to the Contract Owner. For example, if each VIDC100HOURS contract receives 10 GadgetToken and the Contract Owner owns 5 VIDC100HOURS contracts then the  Contract Owner receives 50 GadgetToken.

2, Buying VIDC100HOURS get profits from the GDC price rise, or the daily GadgetToken back ?
3,  as it says
 ix. Calculating the total number of daily base of the commission per each VIDC100HOURS contract.  Once the total number of daily base for the commission reaches 100 hours then the contract is marked as completed and will be terminated by the Network.
As times goes by, all the VIDC100HOURS will be marked completed . And there will be no VIDC100HOURS holder.  what is your plan after that time.?

waiting for you·


Yes, of course you have the contract until the 5% commission of 100 Hours streaming for a minimum of US$ 900.00 is completed. The system pays off the 5% based on the Contract ID, and therefore you must have the contract. The 900 GDC is only the medium of exchange to facilitate a transaction between the models' smart contracts and VICR smart contracts. I know it sounds complicated, but implementation wise it is a relatively simple smart contract.  

The reason the contract was complicated with the forging is because this way every steps of the process are traceable, auditable and verifiable. The models/broadcasters must buy GDC in order to cash out - otherwise they simply unable to get their cash and since only VICR contracts have GDC (or even if others would have GDC the VICR contracts are the first in the queue of selling GDC to the broadcasters) with this mechanism we can address traceability and audit requirements.

Also, combining the contract with forging allows speculative manoeuvres with the contract. For example, as we have explained already, if you expect a higher price than US$ 1.00 then you can pause the execution of the contract, wait until the GDC price reaches our 6 months target which is US$ 5.00 and then start selling the GDC to the models. In this case, let say if the price is US$ 5.00 you will get the US$ 900.00 for the contract by selling only 180 GDC, and the remaining 720 GDC you can sell for the price of US$ 3,600 permit the price is US$ 5.00.

Please let us know if you have any questions.



So if I don't pause the execution of VIDC100HOURS, my GDCs will be automatic sold out partly everyday ?
GadgetToken could be got every day?  this is no GadgetToken either I pause the contracts or not ?

Yes, that's correct, pausing is optional and if yo don't pause the contract then part of your GDC holding will be sold to the models/broadcasters every day (once the models are cashing out) until the 100 Hours is completed. One of our angel investors asked this option as he speculates for a higher than US 1.00 GDC price.

GadgetToken is an entirely different entity, it is the token purchased by the video viewer customers, and yes, it can be purchased everyday. You can't do anything with GadgetToken except pay for live video shows or later when the implementations and use cases expand pay for all kind of services on the GadgetNet network. GadgetToken is an internal token to convert the FIAT and BTC of paying customers into an entity that is manageable by the smart contracts. It is always pegged to US$ 1.00 based on a mechanism of the Bitshares pegging concept. The paying customers normally know nothing about digital currencies, they just want to watch some live adult or gaming content and they pay for the service buy buying GadgetTokens for BTC or FIAT.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 04, 2015, 03:06:08 PM
In the VIDC100HOURS Terms and Conditions ,i have somethings not clear.
1, when i buy VIDC100HOURS ,i get 900 ores, and this 900 ores could forge into GadgetCoin.
After I forge into GDC, I still have the VIDC100HOURS contracts? Am i still the Contract owner?
And still get the GadgetTokens? As below says:
   vi. Allocating the daily commission pool (DCP) to the VIDC100HOURS contracts equally.  For example, if daily commission pool (DCP) is 1,000 GadgetTokens and there are 100 existing VIDC100HOURS contracts on the Network, then each VIDC100HOURS contract balance will be increased by 10 GadgetToken.
    vii. Paying out the commission to the Contract Owner. For example, if each VIDC100HOURS contract receives 10 GadgetToken and the Contract Owner owns 5 VIDC100HOURS contracts then the  Contract Owner receives 50 GadgetToken.

2, Buying VIDC100HOURS get profits from the GDC price rise, or the daily GadgetToken back ?
3,  as it says
 ix. Calculating the total number of daily base of the commission per each VIDC100HOURS contract.  Once the total number of daily base for the commission reaches 100 hours then the contract is marked as completed and will be terminated by the Network.
As times goes by, all the VIDC100HOURS will be marked completed . And there will be no VIDC100HOURS holder.  what is your plan after that time.?

waiting for you·

Yes, of course you have the contract until the 5% commission of 100 Hours streaming for a minimum of US$ 900.00 is completed. The system pays off the 5% based on the Contract ID, and therefore you must have the contract. The 900 GDC is only the medium of exchange to facilitate a transaction between the models' smart contracts and VICR smart contracts. I know it sounds complicated, but implementation wise it is a relatively simple smart contract.  

The reason the contract was complicated with the forging is because this way every steps of the process are traceable, auditable and verifiable. The models/broadcasters must buy GDC in order to cash out - otherwise they simply unable to get their cash and since only VICR contracts have GDC (or even if others would have GDC the VICR contracts are the first in the queue of selling GDC to the broadcasters) with this mechanism we can address traceability and audit requirements.

Also, combining the contract with forging allows speculative manoeuvres with the contract. For example, as we have explained already, if you expect a higher price than US$ 1.00 then you can pause the execution of the contract, wait until the GDC price reaches our 6 months target which is US$ 5.00 and then start selling the GDC to the models. In this case, let say if the price is US$ 5.00 you will get the US$ 900.00 for the contract by selling only 180 GDC, and the remaining 720 GDC you can sell for the price of US$ 3,600 permit the price is US$ 5.00.

Please let us know if you have any questions.



So if I don't pause the execution of VIDC100HOURS, my GDCs will be automatic sold out partly everyday ?
GadgetToken could be got every day?  this is no GadgetToken either I pause the contracts or not ?

Yes, that's correct, pausing is optional and if yo don't pause the contract then part of your GDC holding will be sold to the models/broadcasters every day (once the models are cashing out) until the 100 Hours is completed. One of our angel investors asked this option as he speculates for a higher than US 1.00 GDC price.

GadgetToken is an entirely different entity, it is the token purchased by the video viewer customers, and yes, it can be purchased everyday. You can't do anything with GadgetToken except pay for live video shows or later when the implementations and use cases expand pay for all kind of services on the GadgetNet network. GadgetToken is an internal token to convert the FIAT and BTC of paying customers into an entity that is manageable by the smart contracts. It is always pegged to US$ 1.00 based on a mechanism of the Bitshares pegging concept. The paying customers normally know nothing about digital currencies, they just want to watch some live adult or gaming content and they pay for the service buy buying GadgetTokens for BTC or FIAT.




Got it, Thanks!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 04, 2015, 03:13:27 PM
I understand why centralization is required in the software, but I think the lack of decentralization will keep the digital currency community away from Gadgetnet.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 04, 2015, 03:23:23 PM
I understand why centralization is required in the software, but I think the lack of decentralization will keep the digital currency community away from Gadgetnet.

decentralization and digital currency  is tools, for giving user better and more convenient services with lower cost.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 04, 2015, 03:41:52 PM
I understand why centralization is required in the software, but I think the lack of decentralization will keep the digital currency community away from Gadgetnet.

decentralization and digital currency  is tools, for giving user better and more convenient services with lower cost.

I fully agree. Without having some centralization in the system we are simply unable to work with real world businesses. In order to comply with money laundering regulations and filter out sick, illegal content such as child pornography we must have certain centralization. Besides that, only administrative part of the system is effected by centralization to manage model sign up, check IDs, bank account details for cash out and process FIAT payments. The core modules such as the P2P nodes, public ledger part of the blockchain are decentralized. We have a choice, have some centralization and as you said provide for users better and more convenient services with lower cost or thinking rigidly about centralization and do nothing about that models currently get paid 50% and sometimes even less from the service providers.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 04, 2015, 04:16:09 PM
I understand why centralization is required in the software, but I think the lack of decentralization will keep the digital currency community away from Gadgetnet.

decentralization and digital currency  is tools, for giving user better and more convenient services with lower cost.

I can understand that, I am the biggest supporter of this project and I agree with most of what they do. I only stated the fact that the lack of decentralization is issue for the larger community.

Anyway, I couldn't care less that users  - who debate all day long about absolutely irrelevant technicalities like the fucking POS 50% attack and other nonsenses - stay away because this is centralized. I care about technology very much and I promote Bitcoin for years, but I had enough from that nobody is using the fucking thing after 5 years of struggle. Finally projects like this and Tilecoin try to break the ice and bring digital currencies to businesses.

And I was not moaning, it is fine by me if the larger digital currency community don't like this idea. Less VICR contract will be sold and my coins will have more value. There will be less competing stakeholders and I can run more streaming nodes.
They can keep debating about POS/POW and other absolutely irrelevant malarkeys. Why those subjects are irrelevant? Because nobody is using the 1000 exchange listed fucking alt currencies in the first place, except day traders for P&D. In the meantime this project can prove that digital currencies can bring value to businesses, and most importantly we will make money here.


 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 04, 2015, 06:36:15 PM
I understand why centralization is required in the software, but I think the lack of decentralization will keep the digital currency community away from Gadgetnet.

decentralization and digital currency  is tools, for giving user better and more convenient services with lower cost.

I fully agree. Without having some centralization in the system we are simply unable to work with real world businesses. In order to comply with money laundering regulations and filter out sick, illegal content such as child pornography we must have certain centralization. Besides that, only administrative part of the system is effected by centralization to manage model sign up, check IDs, bank account details for cash out and process FIAT payments. The core modules such as the P2P nodes, public ledger part of the blockchain are decentralized. We have a choice, have some centralization and as you said provide for users better and more convenient services with lower cost or thinking rigidly about centralization and do nothing about that models currently get paid 50% and sometimes even less from the service providers.


Well thought plan and I am happy to see the good progress. This coin has a bright future.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 04, 2015, 06:47:15 PM
I am setting up a studio and hiring adult web camera models. If you refer a model I pay

5 BTC

referral fee. I asked the devs and according to them we can set up a smart contract to pay out the referral fee from my studio's earnings.
My studio is in Budapest, Hungary and primarily we are interested in East European models, preferably from Hungary, Romania, Ukraine and Slovakia. We provide apartment, laptop, high quality HD camera, working visa for the Ukrainians and up to 70% share from their gross earnings.

Please send me message if you know someone and are interested working with my studio.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 04, 2015, 07:20:03 PM
I remember it was a picture in the OP and you posted a while back about a DAC (decentralized autonomous company) will be created here. Is it still on the table?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 04, 2015, 08:15:16 PM
I am setting up a studio and hiring adult web camera models. If you refer a model I pay

5 BTC

referral fee. I asked the devs and according to them we can set up a smart contract to pay out the referral fee from my studio's earnings.
My studio is in Budapest, Hungary and primarily we are interested in East European models, preferably from Hungary, Romania, Ukraine and Slovakia. We provide apartment, laptop, high quality HD camera, working visa for the Ukrainians and up to 70% share from their gross earnings.

Please send me message if you know someone and are interested working with my studio.


This isn't a place for you to keep spamming your advertisement, once is more than enough.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 04, 2015, 08:59:10 PM
Yeah, this repeated studio advertisement was annoying.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 05, 2015, 01:12:16 AM
I remember it was a picture in the OP and you posted a while back about a DAC (decentralized autonomous company) will be created here. Is it still on the table?


We have been organizing this structure. We have registered two companies to implement the structure. Company "A" which name is GadgetNet LLC (Delaware State File Number: 57077-25), is the DAC company which hold 100% ownership in company "B". The reason of this two tier company structure is that we will bring further investment  into the project from venture capitalists. Unfortunately, VC investor firms don't even start considering a deal with an LLC company which has many individual owners like Company "A" will have. I am not sure why, but that's how VC firms work, according to them, they tried many times, but failed to close the deal with private companies that was owned by many-many owners. Such deal is just too much hassle, wast of time for them. So we will have to bring Company B into the deal of VC investment. The VC will have to talk to one representative of Company B, which simplifies the investment process without compromising the interest of our early angel investors who owns (together with the developers) 100% of Company B via Company A, GadgetNet LLC.

We believe a serious VC investment is absolutely essential to take the GadgetNet blockchain concept to large and medium size businesses and IoT system integrators.

Company A, GadgetNet LLC will be the DAC by managing company matters (such as voting and profit distribution) via the blockchain and smart contracts.

The ownership in Company A, GadgetNet LLC will be claimed via the VICR contracts. The ownership in GadgetNet LLC comes with the VICR contract for no extra charge. The ownership isn't mandatory, it is entirely optional for VICR contract owners to claim ownership in the DAC company. VICR contract owners don't have to claim their ownership in GadgetNet LLC, but we believe such formalized partnership provides all stakeholders with many benefits. In due course we will explain to VICR owners how to send a signed message to claim their ownership.

DISCLAIMER
Please note we are not selling company shares nor it's a securities offering. The ownership in GadgetNet LLC is an extra option for free of charge to formalize partnership with angel investors who are interested in digital currency. The option of claiming ownership in the DAC company does not effect the rights of VICR owners regarding to the 5% commission nor other aspects of the contract.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 05, 2015, 01:36:34 AM

wow, wow, wow! I will get my BTC from my mining partners tomorrow and I will buy the VICR contracts. If you see 5 contracts are coming through that will be mine  ;D


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 05, 2015, 02:28:48 AM
I remember it was a picture in the OP and you posted a while back about a DAC (decentralized autonomous company) will be created here. Is it still on the table?


We have been organizing this structure. We have registered two companies to implement the structure. Company "A" which name is GadgetNet LLC (Delaware State File Number: 57077-25), is the DAC company

Wow. I just told someone not long time ago here in BCT that I would be interested in these type of tech and coins, because projects like this could attract VC investment - permit the project is managed properly. On that note, you need a communication and marketing guy ASAP!

What is the share capital of the LLC, how much share can be claimed with the VICR and what is the share class?



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 05, 2015, 03:10:07 AM
 How could I Runn a stream server node to earn ore?
is it just runing a specific software on PC? or need buy some Hardware?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 05, 2015, 03:17:00 AM
I remember it was a picture in the OP and you posted a while back about a DAC (decentralized autonomous company) will be created here. Is it still on the table?


We have been organizing this structure. We have registered two companies to implement the structure. Company "A" which name is GadgetNet LLC (Delaware State File Number: 57077-25), is the DAC company

Wow. I just told someone not long time ago here in BCT that I would be interested in these type of tech and coins, because projects like this could attract VC investment - permit the project is managed properly. On that note, you need a communication and marketing guy ASAP!

What is the share capital of the LLC, how much share can be claimed with the VICR and what is the share class?



The share capital of GadgetNet LLC is US$ 100,000 and there are 100,000,000 shares with US$ 0.001 per share price. Each VICR contract can claim 200,000 shares which is US$ 200 share capital. So the VICR contract gets 900 GDC and the 200,000 shares in GadgetNet LLC, but again, we are not advertising a share purchase option with this and this is entirely an optional claim of ownership that is attached to the commission contract. Since this is a decentralized autonomous corporation we thought the shares should be A voting shares. Also, there is a drag-along clause attached to the shares.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 05, 2015, 03:34:43 AM
How could I Runn a stream server node to earn ore?
is it just runing a specific software on PC? or need buy some Hardware?


As first use cases we will need to stream adult and gaming contents so I will explain the requirements regarding to those. These require to run our hybrid RTMP-WebRTC node software and you need a server rather than a PC. You don't need a powerful server to start with, but obviously if you have more power then your server can stream more video and you can earn more ores. The main requirements are the bandwidth and network connection. I suggest 250 Mbps and 1 Gbps respectively - more is obviously better. And the main issue is the internet traffic, you will be broadcasting quite a few TB data - large scale video streaming generates a huge traffic.

Terms of software, you will have to download the source of our streaming software and compile it or alternatively we can send you the binary. The platform is Linux for this specific node and we use mainly Ubuntu servers. (The P2P streaming client will run on Windows, Mac and Linux).

EDIT:

Please do not rent or buy a server just now, please wait until we post specifics about the launch date of streaming!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tobeaj2mer01 on July 05, 2015, 03:47:04 AM
I remember it was a picture in the OP and you posted a while back about a DAC (decentralized autonomous company) will be created here. Is it still on the table?


We have been organizing this structure. We have registered two companies to implement the structure. Company "A" which name is GadgetNet LLC (Delaware State File Number: 57077-25), is the DAC company which hold 100% ownership in company "B".....

Fantastic, what's the name of Company "B"?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 05, 2015, 03:51:51 AM
I remember it was a picture in the OP and you posted a while back about a DAC (decentralized autonomous company) will be created here. Is it still on the table?


We have been organizing this structure. We have registered two companies to implement the structure. Company "A" which name is GadgetNet LLC (Delaware State File Number: 57077-25), is the DAC company which hold 100% ownership in company "B".....

Fantastic, what's the name of Company "B"?

GadgetNet LLC, and it is in Wyoming.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: loveyouforever on July 05, 2015, 04:24:43 AM
I remember it was a picture in the OP and you posted a while back about a DAC (decentralized autonomous company) will be created here. Is it still on the table?


We have been organizing this structure. We have registered two companies to implement the structure. Company "A" which name is GadgetNet LLC (Delaware State File Number: 57077-25), is the DAC company which hold 100% ownership in company "B". The reason of this two tier company structure is that we will bring further investment  into the project from venture capitalists. Unfortunately, VC investor firms don't even start considering a deal with an LLC company which has many individual owners like Company "A" will have. I am not sure why, but that's how VC firms work, according to them, they tried many times, but failed to close the deal with private companies that was owned by many-many owners. Such deal is just too much hassle, wast of time for them. So we will have to bring Company B into the deal of VC investment. The VC will have to talk to one representative of Company B, which simplifies the investment process without compromising the interest of our early angel investors who owns (together with the developers) 100% of Company B via Company A, GadgetNet LLC.

We believe a serious VC investment is absolutely essential to take the GadgetNet blockchain concept to large and medium size businesses and IoT system integrators.

Company A, GadgetNet LLC will be the DAC by managing company matters (such as voting and profit distribution) via the blockchain and smart contracts.

The ownership in Company A, GadgetNet LLC will be claimed via the VICR contracts. The ownership in GadgetNet LLC comes with the VICR contract for no extra charge. The ownership isn't mandatory, it is entirely optional for VICR contract owners to claim ownership in the DAC company. VICR contract owners don't have to claim their ownership in GadgetNet LLC, but we believe such formalized partnership provides all stakeholders with many benefits. In due course we will explain to VICR owners how to send a signed message to claim their ownership.

DISCLAIMER
Please note we are not selling company shares nor it's a securities offering. The ownership in GadgetNet LLC is an extra option for free of charge to formalize partnership with angel investors who are interested in digital currency. The option of claiming ownership in the DAC company does not effect the rights of VICR owners regarding to the 5% commission nor other aspects of the contract.



I keep an eye on this project for a very long time, very good progress.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 05, 2015, 05:20:43 AM
Is there another way to invest in the company besides buying VICR contracts?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 05, 2015, 11:04:09 AM
Is there another way to invest in the company besides buying VICR contracts?

Currently it is only via VICR contracts and please let us know if you have any suggestions or questions regarding to the alternatives.

We want to build a DAC with people who are interested in digital currency, IoT and the GadgetNet idea, an I imagine there will be share options for supporters who market this idea or provide technical support, but there is nothing finalized about that and such expansion of ownership will be the decision of the shareholders of the DAC.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 05, 2015, 03:04:17 PM
I remember it was a picture in the OP and you posted a while back about a DAC (decentralized autonomous company) will be created here. Is it still on the table?


We have been organizing this structure. We have registered two companies to implement the structure. Company "A" which name is GadgetNet LLC (Delaware State File Number: 57077-25), is the DAC company which hold 100% ownership in company "B". The reason of this two tier company structure is that we will bring further investment  into the project from venture capitalists. Unfortunately, VC investor firms don't even start considering a deal with an LLC company which has many individual owners like Company "A" will have. I am not sure why, but that's how VC firms work, according to them, they tried many times, but failed to close the deal with private companies that was owned by many-many owners. Such deal is just too much hassle, wast of time for them. So we will have to bring Company B into the deal of VC investment. The VC will have to talk to one representative of Company B, which simplifies the investment process without compromising the interest of our early angel investors who owns (together with the developers) 100% of Company B via Company A, GadgetNet LLC.

We believe a serious VC investment is absolutely essential to take the GadgetNet blockchain concept to large and medium size businesses and IoT system integrators.

Company A, GadgetNet LLC will be the DAC by managing company matters (such as voting and profit distribution) via the blockchain and smart contracts.

The ownership in Company A, GadgetNet LLC will be claimed via the VICR contracts. The ownership in GadgetNet LLC comes with the VICR contract for no extra charge. The ownership isn't mandatory, it is entirely optional for VICR contract owners to claim ownership in the DAC company. VICR contract owners don't have to claim their ownership in GadgetNet LLC, but we believe such formalized partnership provides all stakeholders with many benefits. In due course we will explain to VICR owners how to send a signed message to claim their ownership.

DISCLAIMER
Please note we are not selling company shares nor it's a securities offering. The ownership in GadgetNet LLC is an extra option for free of charge to formalize partnership with angel investors who are interested in digital currency. The option of claiming ownership in the DAC company does not effect the rights of VICR owners regarding to the 5% commission nor other aspects of the contract.



Thanks for your reply. Sounds interesting, certainly different than the another 1000 alt coins. Is your DAC organized like the Bitshares? http://wiki.bitshares.org/index.php/DAC/Distributed_Autonomous_Company


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 05, 2015, 03:38:40 PM
I remember it was a picture in the OP and you posted a while back about a DAC (decentralized autonomous company) will be created here. Is it still on the table?


We have been organizing this structure. We have registered two companies to implement the structure. Company "A" which name is GadgetNet LLC (Delaware State File Number: 57077-25), is the DAC company which hold 100% ownership in company "B". The reason of this two tier company structure is that we will bring further investment  into the project from venture capitalists. Unfortunately, VC investor firms don't even start considering a deal with an LLC company which has many individual owners like Company "A" will have. I am not sure why, but that's how VC firms work, according to them, they tried many times, but failed to close the deal with private companies that was owned by many-many owners. Such deal is just too much hassle, wast of time for them. So we will have to bring Company B into the deal of VC investment. The VC will have to talk to one representative of Company B, which simplifies the investment process without compromising the interest of our early angel investors who owns (together with the developers) 100% of Company B via Company A, GadgetNet LLC.

We believe a serious VC investment is absolutely essential to take the GadgetNet blockchain concept to large and medium size businesses and IoT system integrators.

Company A, GadgetNet LLC will be the DAC by managing company matters (such as voting and profit distribution) via the blockchain and smart contracts.

The ownership in Company A, GadgetNet LLC will be claimed via the VICR contracts. The ownership in GadgetNet LLC comes with the VICR contract for no extra charge. The ownership isn't mandatory, it is entirely optional for VICR contract owners to claim ownership in the DAC company. VICR contract owners don't have to claim their ownership in GadgetNet LLC, but we believe such formalized partnership provides all stakeholders with many benefits. In due course we will explain to VICR owners how to send a signed message to claim their ownership.

DISCLAIMER
Please note we are not selling company shares nor it's a securities offering. The ownership in GadgetNet LLC is an extra option for free of charge to formalize partnership with angel investors who are interested in digital currency. The option of claiming ownership in the DAC company does not effect the rights of VICR owners regarding to the 5% commission nor other aspects of the contract.



Thanks for your reply. Sounds interesting, certainly different than the another 1000 alt coins. Is your DAC organized like the Bitshares? http://wiki.bitshares.org/index.php/DAC/Distributed_Autonomous_Company


Essentially it is organized in the same way. Our blockchain is a transaction ledger and all company data, finances, profit distribution are via the blockchain and using PPK infrastructrure.

I think the main difference is - apart from the fact that Bitshare is a matured technology with an enthusiastic, strong and active community - that in our case a physical, legally registered company attached to the virtual shareholdings of DAC. A virtual Distributed Autonomous Company (DAC) is a perfect field to play company ownership as well as allows company management in an exciting new way, but to provide services for real businesses, manage the intellectual property, bring in VC investment, deal with authorities and enforce shareholders' rights in the court of law, we need a legally registered physical company. We start with this structure, everything is clear from the beginning: the virtual DAC shares and rights are in correlation with the legally registered company.





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 05, 2015, 03:45:39 PM
http://i.imgur.com/nLFjHV0.png


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 05, 2015, 10:26:56 PM
We have received many user requests regarding a lower priced VICR contract. The main purpose of the VICR contract is to build a community and get new users into P2P video streaming technology, and we understand the 1.1 BTC price currently prevents many users from being involved with GadgetNet tech. So we are rolling out a 10 hours VICR contract which will cost around 0.11 BTC.
The new contract will be available tomorrow.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 05, 2015, 10:57:17 PM
what is the story with the exchanges? when the models are active we can easily achieve the USD 5 price, but we need to be on the exchanges. without the exchanges a higher price never going to happen.

btw, my transaction is completed but I haven't received my ores.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 05, 2015, 10:58:32 PM
will the combined small and large contracts still = 200k GDCish?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 05, 2015, 11:07:29 PM
what is the story with the exchanges? when the models are active we can easily achieve the USD 5 price, but we need to be on the exchanges. without the exchanges a higher price never going to happen.

btw, my transaction is completed but I haven't received my ores.

Yes, we will be on the exchanges permit that an exchange will list this completely new blockchain.

Please double check your ore balance. The system completed all deposits about 30 minutes ago and all users should have received it.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 05, 2015, 11:16:21 PM
will the combined small and large contracts still = 200k GDCish?

Yes, it will be a "max_sell_amount" field in the base contract and the system will stop accepting orders at 200k, and then no more coin will be issued until the 200k is burned.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 05, 2015, 11:54:25 PM
will the combined small and large contracts still = 200k GDCish?

Yes, it will be a "max_sell_amount" field in the base contract and the system will stop accepting orders at 200k, and then no more coin will be issued until the 200k is burned.



There wont be anymore contracts after these ones for acquiring ore correct?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 06, 2015, 03:07:59 AM
will the combined small and large contracts still = 200k GDCish?

Yes, it will be a "max_sell_amount" field in the base contract and the system will stop accepting orders at 200k, and then no more coin will be issued until the 200k is burned.



There wont be anymore contracts after these ones for acquiring ore correct?

No, there won't be more VICR contracts. The streaming nodes will receive ores for streaming the video, but those ores will be at a later stage deposited once the VICR coins are gone and burned.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 06, 2015, 03:53:09 AM
will the combined small and large contracts still = 200k GDCish?

Yes, it will be a "max_sell_amount" field in the base contract and the system will stop accepting orders at 200k, and then no more coin will be issued until the 200k is burned.



There wont be anymore contracts after these ones for acquiring ore correct?

No, there won't be more VICR contracts. The streaming nodes will receive ores for streaming the video, but those ores will be at a later stage deposited once the VICR coins are gone and burned.

So no other ores will be convertible to GDC until all of the contract GDC is burned?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 06, 2015, 12:32:31 PM
will the combined small and large contracts still = 200k GDCish?

Yes, it will be a "max_sell_amount" field in the base contract and the system will stop accepting orders at 200k, and then no more coin will be issued until the 200k is burned.



There wont be anymore contracts after these ones for acquiring ore correct?

No, there won't be more VICR contracts. The streaming nodes will receive ores for streaming the video, but those ores will be at a later stage deposited once the VICR coins are gone and burned.

So no other ores will be convertible to GDC until all of the contract GDC is burned?

There won't be any more forging until the VICR related coins are burned, there will be a start time clause in the streaming nodes' contract. However please note if there are no streaming nodes then there is no live show streaming on the network. Once the video streaming start, the streaming nodes will be very important for the network and we need to incentives streaming nodes to broadcast the video. The network need the VICR contracts to set-up the streaming and the VICR owners need the streaming nodes to create an excellent user experience for viewers which will increase the trust in the network and consequently the price of GDC.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 06, 2015, 12:57:09 PM
We received quite a few messages and questions regarding to the physical company and I just want to clarify

Our plan is to implement the structure which was posted in this thread earlier. We have been organizing the set-up, but we are still waiting further clarification to be certain that such structure is legal in the US and the business is not breach of US securities laws. Therefore, we can't guaranty and don't promise that the two tier structure will be implemented in the described way or it can go ahead at all. We are trying to organize a DAC, but we hear as many opinions as many lawyers we ask, and if such DAC is illegal in the US then we will have to organize it somewhere else, for example in the UK or Ireland.

We are not offering shares in a physical company with the VICR contract. If the structure can be implemented legally then the VICR owners will be able to claim their ownership in the physical company if they wish to do so, but we can't guaranty and promise anything regarding to this - with those posts we only informed the community what we are up to regarding to this matter, and that we try our best to create a community driven DAC.





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 06, 2015, 02:00:53 PM
We will roll out a new contract in the next 1 hour. It requires a system update and the wallet will be offline for short period of time.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 06, 2015, 03:48:34 PM
A new VICR contract has been rolled out at US$ 30.00 unit prices to get 5% commission for 10 Hours video streaming and 90 ores deposit.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 06, 2015, 07:21:32 PM
I am a VICR owner, I had a few questions about the process and I had an (email) chat with the devs earlier today. I just want to put forward to other VICR owners or interested parties what was my suggestion regarding to the exchanges.

I think the devs are completely wrong about the exchange issue, this currency must be listed on the exchanges. I strongly believe that being listed on the exchanges is in the best interest of all coinholders. From models' viewpoint doesn't matter what the price is. After all, the models pay the 5% network fee after a FIAT amount upon cash out, in the meantime the network in my opinion has a tremendous potential if it really can serve real businesses, which means the price most likely will go up. There is a very limited supply of coin, and I think the price will increase from the current 0.333 without forcing the models to buy the coin for a USD 1.00  price. I understand the devs want to stabilise the price with a centralized control, but unfortunately the enforced USD 1.00 price prevents all further price increase. Perhaps the price would go to 2,3 or 4 USD, but we will never know if that's the case as the price is controlled with a centralized process.

Can VICR owners vote on this issue?


There are quite a few user requests about the exchanges. It seems there are more pros than cons for listing the coin on the exchanges.




OK, sounds good, lets do this then.

Have you seen this? http://bit.ly/1Uh35YF

Should the GadgetCoin development board use a Trusted Zone chip?


It should and we have been working on it. We tested this one http://www.atmel.com/products/microcontrollers/ARM/sama5.aspx?tab=overview and it seems this is a good choice.

The only reason we have not using it on the current board is that Trust Zone mcus were not available last year when we designed the development board. The new version will be with Trust Zone ARM.



I have just read the datasheet. LOL This mcu is a freak, it's fantastic.

http://www.atmel.com/products/microcontrollers/ARM/sama5.aspx?tab=overview

Did Atmel designed it specifically for your secure video use case? :-))))))

- Built in crypto, but not only symmetric, alsoasymmetric crypto
- Built in video decoder with h.264 and VP8
- Trust Zone

So called security experts are worried about software vulnerabilities only, while the most dangerous security vulnerabilities come from hardware hacks, and the only solution for that is Trust Zone.

Will you post the schematic for the new dev board?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 06, 2015, 08:04:04 PM
We received quite a few messages and questions regarding to the physical company and I just want to clarify

Our plan is to implement the structure which was posted in this thread earlier. We have been organizing the set-up, but we are still waiting further clarification to be certain that such structure is legal in the US and the business is not breach of US securities laws. Therefore, we can't guaranty and don't promise that the two tier structure will be implemented in the described way or it can go ahead at all. We are trying to organize a DAC, but we hear as many opinions as many lawyers we ask, and if such DAC is illegal in the US then we will have to organize it somewhere else, for example in the UK or Ireland.

We are not offering shares in a physical company with the VICR contract. If the structure can be implemented legally then the VICR owners will be able to claim their ownership in the physical company if they wish to do so, but we can't guaranty and promise anything regarding to this - with those posts we only informed the community what we are up to regarding to this matter, and that we try our best to create a community driven DAC.





No, it won't be legal in the US -nor many other countries-. You can  create a coin and sell or distribute it as you like -at least until regulation in the US is established-. But a company, LLC or any other, is a different matter and subject to specific rules. In your case, you could create the company and own it yourselves, as an LLC, but you cannot distribute shares or ownership the way you intend to. And you do know that a US-registered company requires, by law, to file quarterly statements, I assume.

Furthermore, your whole business plan -as I understand it, since it is "explained" in such a convoluted way-, needs to be seriously restructured under very different an specific parameters, including, as paramount, a system (only "boots on the ground" will do) to filter any and all illegal activity BEFORE it happens. It cannot be done with tech alone. You would be victim of anyone in crypto simply by broadcasting a minor and calling the authorities. Your whole operation would be closed and you'll be liable for criminal and financial damages.

Finally, you hope to sign "top models" that are making a mint in FIAT to be paid in crypto, "tokens", whatever? Good luck with that.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 06, 2015, 09:04:10 PM
We received quite a few messages and questions regarding to the physical company and I just want to clarify

Our plan is to implement the structure which was posted in this thread earlier. We have been organizing the set-up, but we are still waiting further clarification to be certain that such structure is legal in the US and the business is not breach of US securities laws. Therefore, we can't guaranty and don't promise that the two tier structure will be implemented in the described way or it can go ahead at all. We are trying to organize a DAC, but we hear as many opinions as many lawyers we ask, and if such DAC is illegal in the US then we will have to organize it somewhere else, for example in the UK or Ireland.

We are not offering shares in a physical company with the VICR contract. If the structure can be implemented legally then the VICR owners will be able to claim their ownership in the physical company if they wish to do so, but we can't guaranty and promise anything regarding to this - with those posts we only informed the community what we are up to regarding to this matter, and that we try our best to create a community driven DAC.





No, it won't be legal in the US -nor many other countries-. You can  create a coin and sell or distribute it as you like -at least until regulation in the US is established-. But a company, LLC or any other, is a different matter and subject to specific rules. In your case, you could create the company and own it yourselves, as an LLC, but you cannot distribute shares or ownership the way you intend to. And you do know that a US-registered company requires, by law, to file quarterly statements, I assume.

Furthermore, your whole business plan -as I understand it, since it is "explained" in such a convoluted way-, needs to be seriously restructured under very different an specific parameters, including, as paramount, a system (only "boots on the ground" will do) to filter any and all illegal activity BEFORE it happens. It cannot be done with tech alone. You would be victim of anyone in crypto simply by broadcasting a minor and calling the authorities. Your whole operation would be closed and you'll be liable for criminal and financial damages.

Finally, you hope to sign "top models" that are making a mint in FIAT to be paid in crypto, "tokens", whatever? Good luck with that.

Thank you for pointing out the issues with the securities offering. As we said we are not offering shares nor securities, the VICR contract owners could claim if they wish to do so the shares in the physical LLC. Would be such road to the ownership the breach of US securities laws? Some lawyers say it is, others say it is not. If it is not possible in the US, then we can implement the DAC in the UK.

We fully agree that the business plan is far from complete and we need experienced business professionals on board. We try our best to recruit them. We have just started this process, we are at the beginning of the road and lets hope experienced professionals will see potential in our technology and help us to take the network to the next level.

I agree about the issue of filtering. All sites have this issue. The main purpose of the trusted node concept in GadgetNet and the centralization to stop illegal content and to comply with laws and regulations. In a fully decentralized P2P streaming such filtering wouldn't be possible. We try to build a community here and we hope the community members will help us to monitor the content, especially that such content is close to a geek's heart.

Please note, the models will get paid in FAIT if they opt that cash out method. The partner site www.jizzmo.net will accept both FIAT and Bitcoin. The underlying crypto technology will be completely transparent to models and viewers.






Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 06, 2015, 09:29:39 PM
We received quite a few messages and questions regarding to the physical company and I just want to clarify

Our plan is to implement the structure which was posted in this thread earlier. We have been organizing the set-up, but we are still waiting further clarification to be certain that such structure is legal in the US and the business is not breach of US securities laws. Therefore, we can't guaranty and don't promise that the two tier structure will be implemented in the described way or it can go ahead at all. We are trying to organize a DAC, but we hear as many opinions as many lawyers we ask, and if such DAC is illegal in the US then we will have to organize it somewhere else, for example in the UK or Ireland.

We are not offering shares in a physical company with the VICR contract. If the structure can be implemented legally then the VICR owners will be able to claim their ownership in the physical company if they wish to do so, but we can't guaranty and promise anything regarding to this - with those posts we only informed the community what we are up to regarding to this matter, and that we try our best to create a community driven DAC.





No, it won't be legal in the US -nor many other countries-. You can  create a coin and sell or distribute it as you like -at least until regulation in the US is established-. But a company, LLC or any other, is a different matter and subject to specific rules. In your case, you could create the company and own it yourselves, as an LLC, but you cannot distribute shares or ownership the way you intend to. And you do know that a US-registered company requires, by law, to file quarterly statements, I assume.

Furthermore, your whole business plan -as I understand it, since it is "explained" in such a convoluted way-, needs to be seriously restructured under very different an specific parameters, including, as paramount, a system (only "boots on the ground" will do) to filter any and all illegal activity BEFORE it happens. It cannot be done with tech alone. You would be victim of anyone in crypto simply by broadcasting a minor and calling the authorities. Your whole operation would be closed and you'll be liable for criminal and financial damages.

Finally, you hope to sign "top models" that are making a mint in FIAT to be paid in crypto, "tokens", whatever? Good luck with that.

Thank you for pointing out the issues with the securities offering. As we said we are not offering shares nor securities, the VICR contract owners could claim if they wish to do so the shares in the physical LLC. Would be such road to the ownership the breach of US securities laws? Some lawyers say it is, others say it is not. If it is not possible in the US, then we can implement the DAC in the UK.

We fully agree that the business plan is far from complete and we need experienced business professionals on board. We try our best to recruit them. We have just started this process, we are at the beginning of the road and lets hope experienced professionals will see potential in our technology and help us to take the network to the next level.

I agree about the issue of filtering. All sites have this issue. The main purpose of the trusted node concept in GadgetNet and the centralization to stop illegal content and to comply with laws and regulations. In a fully decentralized P2P streaming such filtering wouldn't be possible. We try to build a community here and we hope the community members will help us to monitor the content, especially that such content is close to a geek's heart.

Please note, the models will get paid in FAIT if they opt that cash out method. The partner site www.jizzmo.net will accept both FIAT and Bitcoin. The underlying crypto technology will be completely transparent to models and viewers.


So you can build the filtering officers unit by offering a porn-prison guard position to interested community members: they can watch the most pretty naked females of Earth all day for free -  all they have to do is reporting the problems.  Since the average crypto user never had sex with real woman, you wouldn't have shortage in filtering officers. Everyone would gain from the partnership - especially the 24/7 porn watcher officers.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 06, 2015, 09:38:56 PM
I am setting up a studio and hiring adult web camera models. If you refer a model I pay

5 BTC

referral fee. I asked the devs and according to them we can set up a smart contract to pay out the referral fee from my studio's earnings.
My studio is in Budapest, Hungary and primarily we are interested in East European models, preferably from Hungary, Romania, Ukraine and Slovakia. We provide apartment, laptop, high quality HD camera, working visa for the Ukrainians and up to 70% share from their gross earnings.

Please send me message if you know someone and are interested working with my studio.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 06, 2015, 09:42:03 PM
We received quite a few messages and questions regarding to the physical company and I just want to clarify

Our plan is to implement the structure which was posted in this thread earlier. We have been organizing the set-up, but we are still waiting further clarification to be certain that such structure is legal in the US and the business is not breach of US securities laws. Therefore, we can't guaranty and don't promise that the two tier structure will be implemented in the described way or it can go ahead at all. We are trying to organize a DAC, but we hear as many opinions as many lawyers we ask, and if such DAC is illegal in the US then we will have to organize it somewhere else, for example in the UK or Ireland.

We are not offering shares in a physical company with the VICR contract. If the structure can be implemented legally then the VICR owners will be able to claim their ownership in the physical company if they wish to do so, but we can't guaranty and promise anything regarding to this - with those posts we only informed the community what we are up to regarding to this matter, and that we try our best to create a community driven DAC.





No, it won't be legal in the US -nor many other countries-. You can  create a coin and sell or distribute it as you like -at least until regulation in the US is established-. But a company, LLC or any other, is a different matter and subject to specific rules. In your case, you could create the company and own it yourselves, as an LLC, but you cannot distribute shares or ownership the way you intend to. And you do know that a US-registered company requires, by law, to file quarterly statements, I assume.

Furthermore, your whole business plan -as I understand it, since it is "explained" in such a convoluted way-, needs to be seriously restructured under very different an specific parameters, including, as paramount, a system (only "boots on the ground" will do) to filter any and all illegal activity BEFORE it happens. It cannot be done with tech alone. You would be victim of anyone in crypto simply by broadcasting a minor and calling the authorities. Your whole operation would be closed and you'll be liable for criminal and financial damages.

Finally, you hope to sign "top models" that are making a mint in FIAT to be paid in crypto, "tokens", whatever? Good luck with that.

Thank you for pointing out the issues with the securities offering. As we said we are not offering shares nor securities, the VICR contract owners could claim if they wish to do so the shares in the physical LLC. Would be such road to the ownership the breach of US securities laws? Some lawyers say it is, others say it is not. If it is not possible in the US, then we can implement the DAC in the UK.

We fully agree that the business plan is far from complete and we need experienced business professionals on board. We try our best to recruit them. We have just started this process, we are at the beginning of the road and lets hope experienced professionals will see potential in our technology and help us to take the network to the next level.

I agree about the issue of filtering. All sites have this issue. The main purpose of the trusted node concept in GadgetNet and the centralization to stop illegal content and to comply with laws and regulations. In a fully decentralized P2P streaming such filtering wouldn't be possible. We try to build a community here and we hope the community members will help us to monitor the content, especially that such content is close to a geek's heart.

Please note, the models will get paid in FAIT if they opt that cash out method. The partner site www.jizzmo.net will accept both FIAT and Bitcoin. The underlying crypto technology will be completely transparent to models and viewers.


So you can build the filtering officers unit by offering a porn-prison guard position to interested community members: they can watch the most pretty naked females of Earth all day for free -  all they have to do is reporting the problems.  Since the average crypto user never had sex with real woman, you wouldn't have shortage in filtering officers. Everyone would gain from the partnership - especially the 24/7 porn watcher officers.



Sign me up for content filter officer! I can watch porn all day ;D


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 06, 2015, 09:53:49 PM
I am setting up a studio and hiring adult web camera models. If you refer a model I pay

5 BTC

referral fee. I asked the devs and according to them we can set up a smart contract to pay out the referral fee from my studio's earnings.
My studio is in Budapest, Hungary and primarily we are interested in East European models, preferably from Hungary, Romania, Ukraine and Slovakia. We provide apartment, laptop, high quality HD camera, working visa for the Ukrainians and up to 70% share from their gross earnings.

Please send me message if you know someone and are interested working with my studio.


How is it going? I would have expected this to have created already and avalanche of offers...

It is hard to try to be nice. Very, very hard...


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 06, 2015, 10:10:57 PM
I am setting up a studio and hiring adult web camera models. If you refer a model I pay

5 BTC

referral fee. I asked the devs and according to them we can set up a smart contract to pay out the referral fee from my studio's earnings.
My studio is in Budapest, Hungary and primarily we are interested in East European models, preferably from Hungary, Romania, Ukraine and Slovakia. We provide apartment, laptop, high quality HD camera, working visa for the Ukrainians and up to 70% share from their gross earnings.

Please send me message if you know someone and are interested working with my studio.


How is it going? I would have expected this to have created already and avalanche of offers...

It is hard to try to be nice. Very, very hard...

No offers here in this forum so far, but I spoke to jasmin models and the ladies like the site. I figured out, the ladies don't even have to leave jasmin. we can give them a second laptop for jizzmo.net and they bring the paying customers here to get 70-80%. my studio cut is only 10%.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: NoFudOnlyFacts on July 07, 2015, 10:00:23 AM
how much is the smallest VICR contract, is it 0.1 BTC? how can I sell the coin if I buy VICR? no sell, no profit.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 07, 2015, 10:33:41 AM
@NoFudOnlyFacts
It seems to me this coin is not for day trading. If you can wait a few months until the models and broadcasters start paying network fees and buy your coin then that's fine, you could give a try. If you need a quick return and 1000% ROI then don't bother with this.


@Devs
On the note of model recruitment, Barabbas is quite right, that's the hard one. No models - no network fee paid. How you are going to address the model recruitment issue?




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 07, 2015, 11:37:06 AM
@NoFudOnlyFacts
It seems to me this coin is not for day trading. If you can wait a few months until the models and broadcasters start paying network fees and buy your coin then that's fine, you could give a try. If you need a quick return and 1000% ROI then don't bother with this.


@Devs
On the note of model recruitment, Barabbas is quite right, that's the hard one. No models - no network fee paid. How you are going to address the model recruitment issue?



Both of you are absolutely correct that the model recruitment, apart from the site traffic, is the most difficult aspect of a new adult site, but please note we are software developers and we are not addressing directly the model recruitment issue. We have created a platform and the studios who use the platform will recruit the models as well as we hope independent models will find the platform useful. For instance, we have a live private group show feature: top models can advertise for their twitter followers the time and date of the live private group show on the jizzmo.net site, and then perform the show for a 95% cash out share. Will that feature be popular? We don't know, but common sense dictates it could be, this feature is not supported by other service providers, and after all the 40% more revenue could be an incentive for models to use our platform. We are already receiving inquiries at jizzmo.net regarding to this feature.

Someone read our whitepaper a few months ago and asked, can internet connected adult web-cams use our IoT platform and device micropayments to lower their cost and pay out 90-95% percent for the models/sudios? We thought it is a good idea and created the web application for this use case.  

All due respect, I don't understand what barabbas' concern is regarding to the token. All sites are built on the token concept. Livejasmin has token, MyFreecams has token. The token is only medium of exchange for application specific transactions for all service providers and our token happened to be in the blockchain. Why is that an issue? The models get FIAT from jizzmo.net as well so I don't understand why the token is a problem. I also don't understand why barabbas think the filtering can be managed by others, but it is an impossible task for us. Filtering is the combination of administrative procedures such as ID verification, model and studio due diligence, and real time monitoring. I am not sure why barabbas think our platform and community unable to manage those tasks?

Regarding to our business plan, please note the adult content is only one use case. Our platform is capable to manage other uses cases as well. We are rolling out other services such as the streemo.net generic live video streaming platform. Please note the long term plan is to focus on ledgers for devices and IoT micropayments. This is only the start, our start is connected to the popular adult theme, but we have to start somewhere.

This picture explains what are the other use cases for live P2P video streaming.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 07, 2015, 11:37:32 AM


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 07, 2015, 12:36:29 PM
what is  Class code meaning?
someone told me if i use his Class code to by the VICR100,i will get 1000 ore, 100 more than not use his Class code ?
Is it true?

and today  i see on the site it only have 10 hours contracts,  if i use especial Class Code , i still could get more ore ? 10 more ore than 90  ?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 07, 2015, 01:08:12 PM
what is  Class code meaning?
someone told me if i use his Class code to by the VICR100,i will get 1000 ore, 100 more than not use his Class code ?
Is it true?

and today  i see on the site it only have 10 hours contracts,  if i use especial Class Code , i still could get more ore ? 10 more ore than 90  ?

The 1000 ores classcode was in place until yesterday, so yes, the information was correct then. Now it's not available and there is no additional ores for that particular classcode any more.

The 10 hours VICR, which was requested by most of interested users has been rolled out and all VICR receives 90 ores equally.

If you wish to get more than 10 hours, you just need to increase the quantity at the buy contract screen.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: NoFudOnlyFacts on July 07, 2015, 02:32:38 PM
@NoFudOnlyFacts
It seems to me this coin is not for day trading. If you can wait a few months until the models and broadcasters start paying network fees and buy your coin then that's fine, you could give a try. If you need a quick return and 1000% ROI then don't bother with this.


@Devs
On the note of model recruitment, Barabbas is quite right, that's the hard one. No models - no network fee paid. How you are going to address the model recruitment issue?



Both of you are absolutely correct that the model recruitment, apart from the site traffic, is the most difficult aspect of a new adult site, but please note we are software developers and we are not addressing directly the model recruitment issue. We have created a platform and the studios who use the platform will recruit the models as well as we hope independent models will find the platform useful. For instance, we have a live private group show feature: top models can advertise for their twitter followers the time and date of the live private group show on the jizzmo.net site, and then perform the show for a 95% cash out share. Will that feature be popular? We don't know, but common sense dictates it could be, this feature is not supported by other service providers, and after all the 40% more revenue could be an incentive for models to use our platform. We are already receiving inquiries at jizzmo.net regarding to this feature.

Someone read our whitepaper a few months ago and asked, can internet connected adult web-cams use our IoT platform and device micropayments to lower their cost and pay out 90-95% percent for the models/sudios? We thought it is a good idea and created the web application for this use case.  

All due respect, I don't understand what barabbas' concern is regarding to the token. All sites are built on the token concept. Livejasmin has token, MyFreecams has token. The token is only medium of exchange for application specific transactions for all service providers and our token happened to be in the blockchain. Why is that an issue? The models get FIAT from jizzmo.net as well so I don't understand why the token is a problem. I also don't understand why barabbas think the filtering can be managed by others, but it is an impossible task for us. Filtering is the combination of administrative procedures such as ID verification, model and studio due diligence, and real time monitoring. I am not sure why barabbas think our platform and community unable to manage those tasks?

Regarding to our business plan, please note the adult content is only one use case. Our platform is capable to manage other uses cases as well. We are rolling out other services such as the streemo.net generic live video streaming platform. Please note the long term plan is to focus on ledgers for devices and IoT micropayments. This is only the start, our start is connected to the popular adult theme, but we have to start somewhere.

This picture explains what are the other use cases for live P2P video streaming.


LULZ ... do the opposite what barabbas would do!!!!

if barabbas says it's a good idea stop it now!!! if he says it's a bad idea go for it!!!!

barabbas supported the Paycoin scam and he thought iconicexpert coin is a good idea, do the opposite what he does!!!!!!!  ;)



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 07, 2015, 07:24:31 PM
what is  Class code meaning?
someone told me if i use his Class code to by the VICR100,i will get 1000 ore, 100 more than not use his Class code ?
Is it true?

and today  i see on the site it only have 10 hours contracts,  if i use especial Class Code , i still could get more ore ? 10 more ore than 90  ?

The 1000 ores classcode was in place until yesterday, so yes, the information was correct then. Now it's not available and there is no additional ores for that particular classcode any more.

The 10 hours VICR, which was requested by most of interested users has been rolled out and all VICR receives 90 ores equally.

If you wish to get more than 10 hours, you just need to increase the quantity at the buy contract screen.



Wait what there was a discount code?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 07, 2015, 07:57:06 PM
what is  Class code meaning?
someone told me if i use his Class code to by the VICR100,i will get 1000 ore, 100 more than not use his Class code ?
Is it true?

and today  i see on the site it only have 10 hours contracts,  if i use especial Class Code , i still could get more ore ? 10 more ore than 90  ?

The 1000 ores classcode was in place until yesterday, so yes, the information was correct then. Now it's not available and there is no additional ores for that particular classcode any more.

The 10 hours VICR, which was requested by most of interested users has been rolled out and all VICR receives 90 ores equally.

If you wish to get more than 10 hours, you just need to increase the quantity at the buy contract screen.



Wait what there was a discount code?

Yes, it was a discount code, but it was terminated yesterday. If you bought 100 hours VICR without applying the classcode which entitled you to receive the +100 ores, then that is not an issue, because all 100 hours contracts receive the extra 100 ores. It's already processed, if you have an 100 hours contract you should have received the extra 100 ores. If you have a contract and you haven't received the extra 100 ores yet then please let us know in a PM and we will look into it. As I said, all 100 hours contracts are entitled to the total 1000 ores deposit.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 07, 2015, 09:02:08 PM
what is  Class code meaning?
someone told me if i use his Class code to by the VICR100,i will get 1000 ore, 100 more than not use his Class code ?
Is it true?

and today  i see on the site it only have 10 hours contracts,  if i use especial Class Code , i still could get more ore ? 10 more ore than 90  ?

The 1000 ores classcode was in place until yesterday, so yes, the information was correct then. Now it's not available and there is no additional ores for that particular classcode any more.

The 10 hours VICR, which was requested by most of interested users has been rolled out and all VICR receives 90 ores equally.

If you wish to get more than 10 hours, you just need to increase the quantity at the buy contract screen.



Wait what there was a discount code?

Yes, it was a discount code, but it was terminated yesterday. If you bought 100 hours VICR without applying the classcode which entitled you to receive the +100 ores, then that is not an issue, because all 100 hours contracts receive the extra 100 ores. It's already processed, if you have an 100 hours contract you should have received the extra 100 ores. If you have a contract and you haven't received the extra 100 ores yet then please let us know in a PM and we will look into it. As I said, all 100 hours contracts are entitled to the total 1000 ores deposit.



I didn't buy yet it would of been nice to know about it would of been a reason to buy sooner. Really should of been more public I have read nearly everything you have posted.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 07, 2015, 09:17:09 PM

I didn't buy yet it would of been nice to know about it would of been a reason to buy sooner. Really should of been more public I have read nearly everything you have posted.

I thought you have heard about that like other users knew the existence of the classcode, but this cannot be an excuse for us. You are absolutely right we should communicate this better.

I am very sorry for not communicating that classcode clear and we will try to handle the communication better in the future.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 07, 2015, 09:24:35 PM

I didn't buy yet it would of been nice to know about it would of been a reason to buy sooner. Really should of been more public I have read nearly everything you have posted.

I thought you have heard about that like other users knew the existence of the classcode, but this cannot be an excuse for us. You are absolutely right we should communicate this better.

I am very sorry for not communicating that classcode clear and we will try to handle the communication better in the future.

no worries mate. supporters like myself who bought VICR bought it not because the 100 ores discount. i don't think it matters 900 or 1000 if someone really like the coin.
 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 07, 2015, 09:50:07 PM

I didn't buy yet it would of been nice to know about it would of been a reason to buy sooner. Really should of been more public I have read nearly everything you have posted.

I thought you have heard about that like other users knew the existence of the classcode, but this cannot be an excuse for us. You are absolutely right we should communicate this better.

I am very sorry for not communicating that classcode clear and we will try to handle the communication better in the future.

Is there a slack or something? Where are they hearing about it?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 07, 2015, 09:52:11 PM

I didn't buy yet it would of been nice to know about it would of been a reason to buy sooner. Really should of been more public I have read nearly everything you have posted.

I thought you have heard about that like other users knew the existence of the classcode, but this cannot be an excuse for us. You are absolutely right we should communicate this better.

I am very sorry for not communicating that classcode clear and we will try to handle the communication better in the future.

no worries mate. supporters like myself who bought VICR bought it not because the 100 ores discount. i don't think it matters 900 or 1000 if someone really like the coin.
 

That is a stupid justification and easy for you to say since you are on the 1000 side of things. Just because I took longer to ask questions and make sure I understand I am not a supporter at your level?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Odd Thomas on July 07, 2015, 10:31:48 PM

I didn't buy yet it would of been nice to know about it would of been a reason to buy sooner. Really should of been more public I have read nearly everything you have posted.

I thought you have heard about that like other users knew the existence of the classcode, but this cannot be an excuse for us. You are absolutely right we should communicate this better.

I am very sorry for not communicating that classcode clear and we will try to handle the communication better in the future.

no worries mate. supporters like myself who bought VICR bought it not because the 100 ores discount. i don't think it matters 900 or 1000 if someone really like the coin.
 

That is a stupid justification and easy for you to say since you are on the 1000 side of things. Just because I took longer to ask questions and make sure I understand I am not a supporter at your level?

That's quite a leap to infer that from any of the words above yours. You should take a deep breath.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 07, 2015, 10:43:17 PM

I didn't buy yet it would of been nice to know about it would of been a reason to buy sooner. Really should of been more public I have read nearly everything you have posted.

I thought you have heard about that like other users knew the existence of the classcode, but this cannot be an excuse for us. You are absolutely right we should communicate this better.

I am very sorry for not communicating that classcode clear and we will try to handle the communication better in the future.

no worries mate. supporters like myself who bought VICR bought it not because the 100 ores discount. i don't think it matters 900 or 1000 if someone really like the coin.
 

That is a stupid justification and easy for you to say since you are on the 1000 side of things. Just because I took longer to ask questions and make sure I understand I am not a supporter at your level?

I definitely didn't say that i am a better supporter than you are, but if you got that impression from my words then sorry for offending you. Anyway, seriously, really that 100 ores matters when your decide whether you support a coin with your money or not?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 07, 2015, 11:08:40 PM

I didn't buy yet it would of been nice to know about it would of been a reason to buy sooner. Really should of been more public I have read nearly everything you have posted.

I thought you have heard about that like other users knew the existence of the classcode, but this cannot be an excuse for us. You are absolutely right we should communicate this better.

I am very sorry for not communicating that classcode clear and we will try to handle the communication better in the future.

no worries mate. supporters like myself who bought VICR bought it not because the 100 ores discount. i don't think it matters 900 or 1000 if someone really like the coin.
 

That is a stupid justification and easy for you to say since you are on the 1000 side of things. Just because I took longer to ask questions and make sure I understand I am not a supporter at your level?

I definitely didn't say that i am a better supporter than you are, but if you got that impression from my words then sorry for offending you. Anyway, seriously, really that 100 ores matters when your decide whether you support a coin with your money or not?

I'm glad that's not what you meant. But yes 100 ores matters, it would be 1000 ores in my case and it is incredibly frustrating to follow this project and ask to support months before and lose 10% to some insider bullshit. If you are a trader then you understand what a difference 10% is.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 07, 2015, 11:19:05 PM
what is  Class code meaning?
someone told me if i use his Class code to by the VICR100,i will get 1000 ore, 100 more than not use his Class code ?
Is it true?

and today  i see on the site it only have 10 hours contracts,  if i use especial Class Code , i still could get more ore ? 10 more ore than 90  ?

The 1000 ores classcode was in place until yesterday, so yes, the information was correct then. Now it's not available and there is no additional ores for that particular classcode any more.

The 10 hours VICR, which was requested by most of interested users has been rolled out and all VICR receives 90 ores equally.

If you wish to get more than 10 hours, you just need to increase the quantity at the buy contract screen.



Maybe it would be more fair , if buy ten 10-hours-contracts  then get 1000 ores , buy less then ten contracts no discount. 
can you thinking about this solution?  and this would be more fair,  because there was noting about the discount, and noting about which discount ending time.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 07, 2015, 11:49:14 PM

I didn't buy yet it would of been nice to know about it would of been a reason to buy sooner. Really should of been more public I have read nearly everything you have posted.

I thought you have heard about that like other users knew the existence of the classcode, but this cannot be an excuse for us. You are absolutely right we should communicate this better.

I am very sorry for not communicating that classcode clear and we will try to handle the communication better in the future.

no worries mate. supporters like myself who bought VICR bought it not because the 100 ores discount. i don't think it matters 900 or 1000 if someone really like the coin.
 

That is a stupid justification and easy for you to say since you are on the 1000 side of things. Just because I took longer to ask questions and make sure I understand I am not a supporter at your level?

I definitely didn't say that i am a better supporter than you are, but if you got that impression from my words then sorry for offending you. Anyway, seriously, really that 100 ores matters when your decide whether you support a coin with your money or not?

I'm glad that's not what you meant. But yes 100 ores matters, it would be 1000 ores in my case and it is incredibly frustrating to follow this project and ask to support months before and lose 10% to some insider bullshit. If you are a trader then you understand what a difference 10% is.

thanks god, I feel better and will sleep better if we are cool  :)  :)

I understand the 10% could make a difference, my day job is trading, but I trade very rarely with crypto. My side business is BTC mining and I am keeping or investing BTC rather selling it. Same with GDC, for that reason the extra 100 is indifferent to me right now..

everyone is getting the extra 100 ores who bought until yesterday and so it doesn't matter you knew it or not. the extra 100 is related to the 100 hours contract not the classcode any more. You are just unlucky because if you would bought yesterday until the 100 hours was active then you would get the 100 extra regardless of the code. I bought mine before they deactivated, I was lucky.
what I meant was about that doesn't matter the 100, if we can take this coin to USD 5 which was the original plan when they started then everyone will be happy even without the extra 100.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 08, 2015, 12:17:46 AM

I didn't buy yet it would of been nice to know about it would of been a reason to buy sooner. Really should of been more public I have read nearly everything you have posted.

I thought you have heard about that like other users knew the existence of the classcode, but this cannot be an excuse for us. You are absolutely right we should communicate this better.

I am very sorry for not communicating that classcode clear and we will try to handle the communication better in the future.

no worries mate. supporters like myself who bought VICR bought it not because the 100 ores discount. i don't think it matters 900 or 1000 if someone really like the coin.
 

That is a stupid justification and easy for you to say since you are on the 1000 side of things. Just because I took longer to ask questions and make sure I understand I am not a supporter at your level?

I definitely didn't say that i am a better supporter than you are, but if you got that impression from my words then sorry for offending you. Anyway, seriously, really that 100 ores matters when your decide whether you support a coin with your money or not?

I'm glad that's not what you meant. But yes 100 ores matters, it would be 1000 ores in my case and it is incredibly frustrating to follow this project and ask to support months before and lose 10% to some insider bullshit. If you are a trader then you understand what a difference 10% is.

thanks god, I feel better and will sleep better if we are cool  :)  :)

I understand the 10% could make a difference, my day job is trading, but I trade very rarely with crypto. My side business is BTC mining and I am keeping or investing BTC rather selling it. Same with GDC, for that reason the extra 100 is indifferent to me right now..

everyone is getting the extra 100 ores who bought until yesterday and so it doesn't matter you knew it or not. the extra 100 is related to the 100 hours contract not the classcode any more. You are just unlucky because if you would bought yesterday until the 100 hours was active then you would get the 100 extra regardless of the code. I bought mine before they deactivated, I was lucky.
what I meant was about that doesn't matter the 100, if we can take this coin to USD 5 which was the original plan when they started then everyone will be happy even without the extra 100.


The reason it matters is because someone knew and was able to take advantage because they had inside info. Right now you are explaining why it doesn't matter to you. It matters to me and others, I hope you see why.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 08, 2015, 01:17:06 AM

The reason it matters is because someone knew and was able to take advantage because they had inside info. Right now you are explaining why it doesn't matter to you. It matters to me and others, I hope you see why.

To be honest, i don't see why. probably because I really don't care about the 100 ores. First time i heard about this discount code was today afternoon. I didn't have any insider info. I am interested to see how this coin will turn out. my clients have been investing heavily in internet of things, I sent them the white paper last year December, check back this thread if you are interested to see. The reply was from my clients that they are very interested in decentralized Iot tech because of IBM doing similar tech and since they are asking update from me. that's why i am here, to learn more about IOT and be the first to hear if this tech is successful, not because of the discounted 100 ores.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 08, 2015, 01:40:22 AM

The reason it matters is because someone knew and was able to take advantage because they had inside info. Right now you are explaining why it doesn't matter to you. It matters to me and others, I hope you see why.

To be honest, i don't see why. probably because I really don't care about the 100 ores. First time i heard about this discount code was today afternoon. I didn't have any insider info. I am interested to see how this coin will turn out. my clients have been investing heavily in internet of things, I sent them the white paper last year December, check back this thread if you are interested to see. The reply was from my clients that they are very interested in decentralized Iot tech because of IBM doing similar tech and since they are asking update from me. that's why i am here, to learn more about IOT and be the first to hear if this tech is successful, not because of the discounted 100 ores.



Once again this is different for you. What does it say of GDC if right out of the gate it isn't a level playing field? I don't mean that some people were late to the 10% I mean a select few were for whatever reason told while the rest weren't. Surely if you are here to pick winners GDC just lost a point.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 08, 2015, 01:59:35 AM

I didn't buy yet it would of been nice to know about it would of been a reason to buy sooner. Really should of been more public I have read nearly everything you have posted.

I thought you have heard about that like other users knew the existence of the classcode, but this cannot be an excuse for us. You are absolutely right we should communicate this better.

I am very sorry for not communicating that classcode clear and we will try to handle the communication better in the future.

no worries mate. supporters like myself who bought VICR bought it not because the 100 ores discount. i don't think it matters 900 or 1000 if someone really like the coin.
 

That is a stupid justification and easy for you to say since you are on the 1000 side of things. Just because I took longer to ask questions and make sure I understand I am not a supporter at your level?

I definitely didn't say that i am a better supporter than you are, but if you got that impression from my words then sorry for offending you. Anyway, seriously, really that 100 ores matters when your decide whether you support a coin with your money or not?

I'm glad that's not what you meant. But yes 100 ores matters, it would be 1000 ores in my case and it is incredibly frustrating to follow this project and ask to support months before and lose 10% to some insider bullshit. If you are a trader then you understand what a difference 10% is.

thanks god, I feel better and will sleep better if we are cool  :)  :)

I understand the 10% could make a difference, my day job is trading, but I trade very rarely with crypto. My side business is BTC mining and I am keeping or investing BTC rather selling it. Same with GDC, for that reason the extra 100 is indifferent to me right now..

everyone is getting the extra 100 ores who bought until yesterday and so it doesn't matter you knew it or not. the extra 100 is related to the 100 hours contract not the classcode any more. You are just unlucky because if you would bought yesterday until the 100 hours was active then you would get the 100 extra regardless of the code. I bought mine before they deactivated, I was lucky.
what I meant was about that doesn't matter the 100, if we can take this coin to USD 5 which was the original plan when they started then everyone will be happy even without the extra 100.


The reason it matters is because someone knew and was able to take advantage because they had inside info. Right now you are explaining why it doesn't matter to you. It matters to me and others, I hope you see why.

I am sorry for this, it was entirely my fault. Most of other team members are on holiday, I handle the majority of work on all fronts and I making such mistakes which should never ever happen.
Regardless of my poor case handling, I can assure you, it was no intentional nor malicious insider info regarding to the discount code. The discount code has been decided a long time ago and when I discussed the marketing work with a community member, I asked the community member please help advertising the 100 hours contracts with the discount code. I assumed that all interested users who want to buy a 100 hours contract will be informed about the discount code by the community member who advertised the contacts.

I am very sorry for this poor communication, from now we will try to handle this better.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 08, 2015, 02:12:22 AM

I didn't buy yet it would of been nice to know about it would of been a reason to buy sooner. Really should of been more public I have read nearly everything you have posted.

I thought you have heard about that like other users knew the existence of the classcode, but this cannot be an excuse for us. You are absolutely right we should communicate this better.

I am very sorry for not communicating that classcode clear and we will try to handle the communication better in the future.

no worries mate. supporters like myself who bought VICR bought it not because the 100 ores discount. i don't think it matters 900 or 1000 if someone really like the coin.
 

That is a stupid justification and easy for you to say since you are on the 1000 side of things. Just because I took longer to ask questions and make sure I understand I am not a supporter at your level?

I definitely didn't say that i am a better supporter than you are, but if you got that impression from my words then sorry for offending you. Anyway, seriously, really that 100 ores matters when your decide whether you support a coin with your money or not?

I'm glad that's not what you meant. But yes 100 ores matters, it would be 1000 ores in my case and it is incredibly frustrating to follow this project and ask to support months before and lose 10% to some insider bullshit. If you are a trader then you understand what a difference 10% is.

thanks god, I feel better and will sleep better if we are cool  :)  :)

I understand the 10% could make a difference, my day job is trading, but I trade very rarely with crypto. My side business is BTC mining and I am keeping or investing BTC rather selling it. Same with GDC, for that reason the extra 100 is indifferent to me right now..

everyone is getting the extra 100 ores who bought until yesterday and so it doesn't matter you knew it or not. the extra 100 is related to the 100 hours contract not the classcode any more. You are just unlucky because if you would bought yesterday until the 100 hours was active then you would get the 100 extra regardless of the code. I bought mine before they deactivated, I was lucky.
what I meant was about that doesn't matter the 100, if we can take this coin to USD 5 which was the original plan when they started then everyone will be happy even without the extra 100.


The reason it matters is because someone knew and was able to take advantage because they had inside info. Right now you are explaining why it doesn't matter to you. It matters to me and others, I hope you see why.

I am sorry for this, it was entirely my fault. Most of other team members are on holiday, I handle the majority of work on all fronts and I making mistakes which should never ever happen.
Regardless of my poor case handling, I can assure you, it was no intentional nor malicious insider info regarding to the discount code. The discount code has been decided a long time ago and when I discussed the marketing work with a community member, I asked the community member please help advertising the 100 hours contracts with the discount code. I assumed that all interested users who want to buy a 100 hours contract will be informed about the discount code by the community member who advertised the contacts.

I am very sorry for this poor communication, from now we will try to handle this better.


Who is this marketer? The worst part of this is that no where on the site, this thread, or the wallet was the code mentioned. These are the #1 resources, not some guy who hasn't even stopped by in the thread. If it really wasn't malicious then it needs to be reactivated for a set period of time. I really respect your work and would like to invest but when an error like this is made just saying "Sorry that happened, hopefully you can get over it and still buy contracts" it doesn't make me want to invest and is frankly disappointing. Check your inbox, how long ago did I ask to support your coin?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 08, 2015, 02:40:40 AM

I didn't buy yet it would of been nice to know about it would of been a reason to buy sooner. Really should of been more public I have read nearly everything you have posted.

I thought you have heard about that like other users knew the existence of the classcode, but this cannot be an excuse for us. You are absolutely right we should communicate this better.

I am very sorry for not communicating that classcode clear and we will try to handle the communication better in the future.

no worries mate. supporters like myself who bought VICR bought it not because the 100 ores discount. i don't think it matters 900 or 1000 if someone really like the coin.
 

That is a stupid justification and easy for you to say since you are on the 1000 side of things. Just because I took longer to ask questions and make sure I understand I am not a supporter at your level?

I definitely didn't say that i am a better supporter than you are, but if you got that impression from my words then sorry for offending you. Anyway, seriously, really that 100 ores matters when your decide whether you support a coin with your money or not?

I'm glad that's not what you meant. But yes 100 ores matters, it would be 1000 ores in my case and it is incredibly frustrating to follow this project and ask to support months before and lose 10% to some insider bullshit. If you are a trader then you understand what a difference 10% is.

thanks god, I feel better and will sleep better if we are cool  :)  :)

I understand the 10% could make a difference, my day job is trading, but I trade very rarely with crypto. My side business is BTC mining and I am keeping or investing BTC rather selling it. Same with GDC, for that reason the extra 100 is indifferent to me right now..

everyone is getting the extra 100 ores who bought until yesterday and so it doesn't matter you knew it or not. the extra 100 is related to the 100 hours contract not the classcode any more. You are just unlucky because if you would bought yesterday until the 100 hours was active then you would get the 100 extra regardless of the code. I bought mine before they deactivated, I was lucky.
what I meant was about that doesn't matter the 100, if we can take this coin to USD 5 which was the original plan when they started then everyone will be happy even without the extra 100.


The reason it matters is because someone knew and was able to take advantage because they had inside info. Right now you are explaining why it doesn't matter to you. It matters to me and others, I hope you see why.

I am sorry for this, it was entirely my fault. Most of other team members are on holiday, I handle the majority of work on all fronts and I making mistakes which should never ever happen.
Regardless of my poor case handling, I can assure you, it was no intentional nor malicious insider info regarding to the discount code. The discount code has been decided a long time ago and when I discussed the marketing work with a community member, I asked the community member please help advertising the 100 hours contracts with the discount code. I assumed that all interested users who want to buy a 100 hours contract will be informed about the discount code by the community member who advertised the contacts.

I am very sorry for this poor communication, from now we will try to handle this better.


Who is this marketer? The worst part of this is that no where on the site, this thread, or the wallet was the code mentioned. These are the #1 resources, not some guy who hasn't even stopped by in the thread. If it really wasn't malicious then it needs to be reactivated for a set period of time. I really respect your work and would like to invest but when an error like this is made just saying "Sorry that happened, hopefully you can get over it and still buy contracts" it doesn't make me want to invest and is frankly disappointing. Check your inbox, how long ago did I ask to support your coin?
maybe it is better to continue this discount
@mtomcdev


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 08, 2015, 02:47:07 AM
Who is this marketer? The worst part of this is that no where on the site, this thread, or the wallet was the code mentioned. These are the #1 resources, not some guy who hasn't even stopped by in the thread. If it really wasn't malicious then it needs to be reactivated for a set period of time. I really respect your work and would like to invest but when an error like this is made just saying "Sorry that happened, it doesn't make me want to invest and is frankly disappointing. Check your inbox, how long ago did I ask to support your coin?

All due respect, I never said "hopefully you can get over it and still buy contracts". The future of the project isn't and shouldn't depend on the sell of VICR contracts.

You are absolutely right, you have indicated your support a long time ago which we really appreciate, it means a lot to the developers that you and others are interested in the IoT blockchain idea. I can't tell you what to do, but it would be great if you could keep your support and accept my apologies for the poor case handling, and then we can move on to make this coin a success. I am talking to many users and community members privately. I think if someone write then I should answer and then we talk about marketing, strategy, coin price and all kind of topics, but it doesn't mean we want to keep away any information from anybody.

Please put this unfortunate event in perspective if I may ask you, does the discount code really matter in the context of the opportunities we have here, that we have concrete, real world use cases for a digital currency and finally a digital alt currency would be used by business applications?

Now, you are asking to apply the discount. We received quite a few unhappy messages yesterday that do not apply the discount, the discount is unfair to supporters who invest smaller amount. It is really hard to know what is the better for everyone. I suggest the community vote about the discount code. If the majority of the community is comfortable with the code than we can reinstate it.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 08, 2015, 02:49:54 AM
maybe it is better to continue this discount
@mtomcdev

Thanks, it seems two votes for continuing the discount.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: threedaymonk on July 08, 2015, 03:05:30 AM
maybe it is better to continue this discount
@mtomcdev

Thanks, it seems two votes for continuing the discount.


I vote to continue the discount, you can't expect just an apology to work for something as easy to fix as this. Give everyone else the chance at the discount, problem solved.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 08, 2015, 03:10:09 AM
Who is this marketer? The worst part of this is that no where on the site, this thread, or the wallet was the code mentioned. These are the #1 resources, not some guy who hasn't even stopped by in the thread. If it really wasn't malicious then it needs to be reactivated for a set period of time. I really respect your work and would like to invest but when an error like this is made just saying "Sorry that happened, it doesn't make me want to invest and is frankly disappointing. Check your inbox, how long ago did I ask to support your coin?

All due respect, I never said "hopefully you can get over it and still buy contracts". The future of the project isn't and shouldn't depend on the sell of VICR contracts.

You are absolutely right, you have indicated your support a long time ago which we really appreciate, it means a lot to the developers that you and others are interested in the IoT blockchain idea. I can't tell you what to do, but it would be great if you could keep your support and accept my apologies for the poor case handling, and then we can move on to make this coin a success. I am talking to many users and community members privately. I think if someone write then I should answer and then we talk about marketing, strategy, coin price and all kind of topics, but it doesn't mean we want to keep away any information from anybody.

Please put this unfortunate event in perspective if I may ask you, does the discount code really matter in the context of the opportunities we have here, that we have concrete, real world use cases for a digital currency and finally a digital alt currency would be used by business applications?

Now, you are asking to apply the discount. We received quite a few unhappy messages yesterday that do not apply the discount, the discount is unfair to supporters who invest smaller amount. It is really hard to know what is the better for everyone. I suggest the community vote about the discount code. If the majority of the community is comfortable with the code than we can reinstate it.


Replace contracts with whatever other capacity we will be able to invest in and my point stands, I am the one that is being asked to make it right when it appears I would of had to of been lucky enough to know your marketer to get the extra %10. If that is how its going to be then ok, but I strongly suggest you reinstate the bonus. There is a difference between everyone given the opportunity of getting the discounts and only some of the the people given the opportunity. If you say only 100 hr contracts fair enough, if you say only 10000 hr contracts fair enough. If everyone plays by the same rules then the smaller investors can't complain about not getting 10% extra in their bracket.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 08, 2015, 03:21:20 AM
Technically speaking, when you buy a fucking Google share or Japanese fucking yen then there is no discount whatever amount you buy, so I am not sure why the discount is so important here. On the other hand, if chocobo didn't know about the discount then the equal opportunity argument is valid.

I suggest to continue the fucking discount code, then the community can move on and focus on the product development, which can give the discounted coin value in the first place.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 08, 2015, 03:37:53 AM
It seems there is a consensus that the discount should be reinstated.

We will enable the discount now. For contracts which volume is at least 100 hours will be an additional 10 ores deposited for each 10 hour unit, that means a 100 hours volume contract will be entitled to 1,000 ores and GDC. Since there are 10 hours VICR contract exists, users who buy at least 10 VICR contracts will be receiving the extra 100 ores deposit. Numerically, that was the previous discount as well.





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 08, 2015, 03:52:26 AM
It seems there is a consensus that the discount should be reinstated.

We will enable the discount now. For contracts which volume is at least 100 hours will be an additional 10 ores deposited for each 10 hour unit, that means a 100 hours volume contract will be entitled to 1,000 ores and GDC. Since there are 10 hours VICR contract exists, users who buy at least 10 VICR contracts will be receiving the extra 100 ores deposit. Numerically, that was the previous discount as well.





Thank you for reconsidering, it is a good sign that you listen to the community.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 08, 2015, 04:10:38 AM
It seems there is a consensus that the discount should be reinstated.

We will enable the discount now. For contracts which volume is at least 100 hours will be an additional 10 ores deposited for each 10 hour unit, that means a 100 hours volume contract will be entitled to 1,000 ores and GDC. Since there are 10 hours VICR contract exists, users who buy at least 10 VICR contracts will be receiving the extra 100 ores deposit. Numerically, that was the previous discount as well.




it's good!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 08, 2015, 04:21:28 AM
It seems there is a consensus that the discount should be reinstated.

We will enable the discount now. For contracts which volume is at least 100 hours will be an additional 10 ores deposited for each 10 hour unit, that means a 100 hours volume contract will be entitled to 1,000 ores and GDC. Since there are 10 hours VICR contract exists, users who buy at least 10 VICR contracts will be receiving the extra 100 ores deposit. Numerically, that was the previous discount as well.




if i buy 20 10-hours-contracts ,then i will get 2000 ores?
every 100 hours get extra 100 ores?
300 hours  total 3000 ores?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 08, 2015, 04:48:12 AM
@NoFudOnlyFacts
It seems to me this coin is not for day trading. If you can wait a few months until the models and broadcasters start paying network fees and buy your coin then that's fine, you could give a try. If you need a quick return and 1000% ROI then don't bother with this.


@Devs
On the note of model recruitment, Barabbas is quite right, that's the hard one. No models - no network fee paid. How you are going to address the model recruitment issue?



Both of you are absolutely correct that the model recruitment, apart from the site traffic, is the most difficult aspect of a new adult site, but please note we are software developers and we are not addressing directly the model recruitment issue. We have created a platform and the studios who use the platform will recruit the models as well as we hope independent models will find the platform useful. For instance, we have a live private group show feature: top models can advertise for their twitter followers the time and date of the live private group show on the jizzmo.net site, and then perform the show for a 95% cash out share. Will that feature be popular? We don't know, but common sense dictates it could be, this feature is not supported by other service providers, and after all the 40% more revenue could be an incentive for models to use our platform. We are already receiving inquiries at jizzmo.net regarding to this feature.

Someone read our whitepaper a few months ago and asked, can internet connected adult web-cams use our IoT platform and device micropayments to lower their cost and pay out 90-95% percent for the models/sudios? We thought it is a good idea and created the web application for this use case.  

All due respect, I don't understand what barabbas' concern is regarding to the token. All sites are built on the token concept. Livejasmin has token, MyFreecams has token. The token is only medium of exchange for application specific transactions for all service providers and our token happened to be in the blockchain. Why is that an issue? The models get FIAT from jizzmo.net as well so I don't understand why the token is a problem. I also don't understand why barabbas think the filtering can be managed by others, but it is an impossible task for us. Filtering is the combination of administrative procedures such as ID verification, model and studio due diligence, and real time monitoring. I am not sure why barabbas think our platform and community unable to manage those tasks?

Regarding to our business plan, please note the adult content is only one use case. Our platform is capable to manage other uses cases as well. We are rolling out other services such as the streemo.net generic live video streaming platform. Please note the long term plan is to focus on ledgers for devices and IoT micropayments. This is only the start, our start is connected to the popular adult theme, but we have to start somewhere.

This picture explains what are the other use cases for live P2P video streaming.


I'll try to explain. Models: They just want to be paid. In Dollars or Euros. Full stop. No tokens, no additional purchases of any kind. Any of that stuff will, turn them off, understandably, and they will simply reject the deal for they are doing quite well as they are right now. But do not believe me, ok? Just go ahead and see how successful your recruiting is.

The filtering... you seem to forget your environment. Let's imagine you get a few models and you are being somewhat successful in a few months, what do you think you will not be targeted? If you just launch jizzmo or streemo, sure your competition is going to take a look at it and do everything in their considerable power to sink your boat. That goes with the territory... but there's not much, really, that they can actually do except lowering margins, pay better the models so they will not go with you instead and try to lure back the lost customers by any promotional means they can think of... But you won't be in the "normal" world, you will be in crypto-world, where 51% attacks, thievery, cons, scams, hacks, etc. (among many other things), are the dish of the day. Yes it is the same for every other project out there -and a number of them have been ransacked already, as you should know-, but here you are in a particularly vulnerable spot where you can be very easily set up to break the law with those who set you up calling the authorities on you and getting you shut down for good. Do you understand now how this is quite different from just another web cam porno site? Do you get now how the community monitoring what is being broadcast is simply not nearly, remotely, enough. Other sites, like the ones you mentioned, don't have -or it isn't know that they have had them- those problems. If you are even a little bit successful, you most definitely will. It just goes with the territory. And that is why, with such vulnerability, you really only have a house of cards, not a real business.

I could expand on other aspects that also would need much restructuring if to be viable. And a lot of work done by people, not software, but that would obviously be the backbone of the whole project and without air tight fixing of those obvious, inevitable, vulnerabilities, nothing else happens, sorry to say.

Hopefully you now have a wider understanding of the elements at play.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Shame_Game on July 08, 2015, 08:52:40 AM
Staggering amount of misinformation from a hero member. You should at least read and comprehend the whitepaper and schematics and business plan before fuding. Hell even reading the post you quoted would have been a good start.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 08, 2015, 10:22:36 AM
@NoFudOnlyFacts
It seems to me this coin is not for day trading. If you can wait a few months until the models and broadcasters start paying network fees and buy your coin then that's fine, you could give a try. If you need a quick return and 1000% ROI then don't bother with this.


@Devs
On the note of model recruitment, Barabbas is quite right, that's the hard one. No models - no network fee paid. How you are going to address the model recruitment issue?



Both of you are absolutely correct that the model recruitment, apart from the site traffic, is the most difficult aspect of a new adult site, but please note we are software developers and we are not addressing directly the model recruitment issue. We have created a platform and the studios who use the platform will recruit the models as well as we hope independent models will find the platform useful. For instance, we have a live private group show feature: top models can advertise for their twitter followers the time and date of the live private group show on the jizzmo.net site, and then perform the show for a 95% cash out share. Will that feature be popular? We don't know, but common sense dictates it could be, this feature is not supported by other service providers, and after all the 40% more revenue could be an incentive for models to use our platform. We are already receiving inquiries at jizzmo.net regarding to this feature.

Someone read our whitepaper a few months ago and asked, can internet connected adult web-cams use our IoT platform and device micropayments to lower their cost and pay out 90-95% percent for the models/sudios? We thought it is a good idea and created the web application for this use case.  

All due respect, I don't understand what barabbas' concern is regarding to the token. All sites are built on the token concept. Livejasmin has token, MyFreecams has token. The token is only medium of exchange for application specific transactions for all service providers and our token happened to be in the blockchain. Why is that an issue? The models get FIAT from jizzmo.net as well so I don't understand why the token is a problem. I also don't understand why barabbas think the filtering can be managed by others, but it is an impossible task for us. Filtering is the combination of administrative procedures such as ID verification, model and studio due diligence, and real time monitoring. I am not sure why barabbas think our platform and community unable to manage those tasks?

Regarding to our business plan, please note the adult content is only one use case. Our platform is capable to manage other uses cases as well. We are rolling out other services such as the streemo.net generic live video streaming platform. Please note the long term plan is to focus on ledgers for devices and IoT micropayments. This is only the start, our start is connected to the popular adult theme, but we have to start somewhere.

This picture explains what are the other use cases for live P2P video streaming.


I'll try to explain. Models: They just want to be paid. In Dollars or Euros. Full stop. No tokens, no additional purchases of any kind. Any of that stuff will, turn them off, understandably, and they will simply reject the deal for they are doing quite well as they are right now. But do not believe me, ok? Just go ahead and see how successful your recruiting is.

The filtering... you seem to forget your environment. Let's imagine you get a few models and you are being somewhat successful in a few months, what do you think you will not be targeted? If you just launch jizzmo or streemo, sure your competition is going to take a look at it and do everything in their considerable power to sink your boat. That goes with the territory... but there's not much, really, that they can actually do except lowering margins, pay better the models so they will not go with you instead and try to lure back the lost customers by any promotional means they can think of... But you won't be in the "normal" world, you will be in crypto-world, where 51% attacks, thievery, cons, scams, hacks, etc. (among many other things), are the dish of the day. Yes it is the same for every other project out there -and a number of them have been ransacked already, as you should know-, but here you are in a particularly vulnerable spot where you can be very easily set up to break the law with those who set you up calling the authorities on you and getting you shut down for good. Do you understand now how this is quite different from just another web cam porno site? Do you get now how the community monitoring what is being broadcast is simply not nearly, remotely, enough. Other sites, like the ones you mentioned, don't have -or it isn't know that they have had them- those problems. If you are even a little bit successful, you most definitely will. It just goes with the territory. And that is why, with such vulnerability, you really only have a house of cards, not a real business.

I could expand on other aspects that also would need much restructuring if to be viable. And a lot of work done by people, not software, but that would obviously be the backbone of the whole project and without air tight fixing of those obvious, inevitable, vulnerabilities, nothing else happens, sorry to say.

Hopefully you now have a wider understanding of the elements at play.

Please note, as we said earlier, the models will get paid. In Dollars and Euros.

Also, as we said earlier, the token, underlying blockchain infrastructure, transaction processing, account reconciliation and all implementation details are completely transparent to the models from user experience viewpoint, the models do not have to deal with those implementation details. Just like the models don't have to understand Java or SQL syntax in the case of LiveJasmin or MyFreeCams.

Terms of filtering and the inadequacies in the business plan we take everything on board what you said.

Thank you for your interest and we will try our best to create a working business model and win you over in the future.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: AddictedToPorn on July 08, 2015, 11:11:26 AM

No tokens, no additional purchases of any kind. Any of that stuff will, turn them off, understandably, and they will simply reject the deal for they are doing quite well as they are right now. But do not believe me, ok? Just go ahead and see how successful your recruiting is.


The models and escorts aren't as stupid and uninterested in crypto as you think.

http://motherboard.vice.com/read/sex-workers-guide-to-bitcoin

one of the escorts wrote up a guide how to use Bitcoin

http://blog.liararoux.com/post/122962939033/using-bitcoin-for-escorts

as far as I can see from the business plan jizzmo.net will accept and encourage users to pay in Bitcoin. Why models wouldn't listen to the recruiters when they can get 95% at jizzmo? I tell you why, not because the percentage or Bitcoin or the token, the problem is the traffic. Jizzmo won't have any visitors at the beginning. The traffic is the biggest problem here. if they can manage to get traffic then the models will come in a heartbeat for the 95% revenue.





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 08, 2015, 11:24:44 AM
It seems there is a consensus that the discount should be reinstated.

We will enable the discount now. For contracts which volume is at least 100 hours will be an additional 10 ores deposited for each 10 hour unit, that means a 100 hours volume contract will be entitled to 1,000 ores and GDC. Since there are 10 hours VICR contract exists, users who buy at least 10 VICR contracts will be receiving the extra 100 ores deposit. Numerically, that was the previous discount as well.



Thank you for reconsidering, it is a good sign that you listen to the community.

You have raised a very valid point and it should be a standard procedure to acknowledge and correct our errors. Thank you for pointing out the discount issue and working with us to get it right!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 08, 2015, 11:26:22 AM
It seems there is a consensus that the discount should be reinstated.

We will enable the discount now. For contracts which volume is at least 100 hours will be an additional 10 ores deposited for each 10 hour unit, that means a 100 hours volume contract will be entitled to 1,000 ores and GDC. Since there are 10 hours VICR contract exists, users who buy at least 10 VICR contracts will be receiving the extra 100 ores deposit. Numerically, that was the previous discount as well.




if i buy 20 10-hours-contracts ,then i will get 2000 ores?
every 100 hours get extra 100 ores?
300 hours  total 3000 ores?

That's correct. If you buy 20 units of 10 Hours VICR the deposit will be 2,000 ores. If you buy at least 10 units the deposit is 100 ores per unit.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 08, 2015, 12:01:48 PM

No tokens, no additional purchases of any kind. Any of that stuff will, turn them off, understandably, and they will simply reject the deal for they are doing quite well as they are right now. But do not believe me, ok? Just go ahead and see how successful your recruiting is.


The models and escorts aren't as stupid and uninterested in crypto as you think.

http://motherboard.vice.com/read/sex-workers-guide-to-bitcoin

one of the escorts wrote up a guide how to use Bitcoin

http://blog.liararoux.com/post/122962939033/using-bitcoin-for-escorts

as far as I can see from the business plan jizzmo.net will accept and encourage users to pay in Bitcoin. Why models wouldn't listen to the recruiters when they can get 95% at jizzmo? I tell you why, not because the percentage or Bitcoin or the token, the problem is the traffic. Jizzmo won't have any visitors at the beginning. The traffic is the biggest problem here. if they can manage to get traffic then the models will come in a heartbeat for the 95% revenue.



bingo!!!!!!! THE BIGGIE ONE IS THE TRAFFIC!!!!! i spoke to a LiveJasmin employee the company HQ are based in here Luxembourg. He said the biggest hurdle in opening a new web-cam site is to get the viewers, that's the biggie one. he also said that top models with a follower base bring the viewers to any new site, that is a no brainer. I asked him, is Livejasmin concerned about new sites? he said not at all, once they get bigger they just simply do an acquisition and buy them up. That's how corporate world works. let the small ones build a new more efficient tech, let them bring new customers into the market and once they getting dangerous buy them up. Livejasmin last year revenue was over USD 800 million, they can buy anybody in this market.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: AddictedToPorn on July 08, 2015, 12:25:46 PM

No tokens, no additional purchases of any kind. Any of that stuff will, turn them off, understandably, and they will simply reject the deal for they are doing quite well as they are right now. But do not believe me, ok? Just go ahead and see how successful your recruiting is.


The models and escorts aren't as stupid and uninterested in crypto as you think.

http://motherboard.vice.com/read/sex-workers-guide-to-bitcoin

one of the escorts wrote up a guide how to use Bitcoin

http://blog.liararoux.com/post/122962939033/using-bitcoin-for-escorts

as far as I can see from the business plan jizzmo.net will accept and encourage users to pay in Bitcoin. Why models wouldn't listen to the recruiters when they can get 95% at jizzmo? I tell you why, not because the percentage or Bitcoin or the token, the problem is the traffic. Jizzmo won't have any visitors at the beginning. The traffic is the biggest problem here. if they can manage to get traffic then the models will come in a heartbeat for the 95% revenue.



bingo!!!!!!! THE BIGGIE ONE IS THE TRAFFIC!!!!! i spoke to a LiveJasmin employee the company HQ are based in here Luxembourg. He said the biggest hurdle in opening a new web-cam site is to get the viewers, that's the biggie one. he also said that top models with a follower base bring the viewers to any new site, that is a no brainer. I asked him, is Livejasmin concerned about new sites? he said not at all, once they get bigger they just simply do an acquisition and buy them up. That's how corporate world works. let the small ones build a new more efficient tech, let them bring new customers into the market and once they getting dangerous buy them up. Livejasmin last year revenue was over USD 800 million, they can buy anybody in this market.


This is music to my ears :o Build up the Jizzmo brand and let Jasmin buy the DAC business. Can we claim the ownership in the DAC business?
 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: NoFudOnlyFacts on July 08, 2015, 12:42:51 PM
ROFL ...ROFL, barabbas the paid fudder

No coin make sense only the barabbas - IconicExpert coins. Oh wait, barabbas thinks that the Paycoin scam is an excellent idea.

ROFL ...ROFL you pathetic barabbas. The Paycoin scam was a good business model for you?

Pay 95% for the escorts who now get paid 50%? naahhh that doesn't work. Paycoin scam, Iconexpert scam? The prefect business plans for barabbas ROFL oh good old FUD master pathetic barabbas. ROFL





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 08, 2015, 01:58:06 PM
But you won't be in the "normal" world, you will be in crypto-world, where 51% attacks, thievery, cons, scams, hacks, etc. (among many other things), are the dish of the day.

If I understood correctly, you are implying that the crypto community would bring the Jizzmo site down. If that's the case then this is one of the very few occasions when I will have to disagree with you.

I don't think the crypto community would hurt this project. Quite the opposite - since Jizzmo will accept Bitcoin (as well as FIAT) and could bring new customers to Bitcoin, I think this project eventually will be supported by the Bitcoin community, quite understandably so.
This project is not a Bitcoin nor Litecoin clone, this is a completely new blockchain and development, and I can't see such attacks what we witnessed in the case of Vericoin vs Blackcoin war last year if that's your concern at all, and I am not sure why a particular attack - which is exclusive to this site since hacking and stealing are common issues to all operators - would come to this project.


but here you are in a particularly vulnerable spot where you can be very easily set up to break the law with those who set you up calling the authorities on you and getting you shut down for good. Do you understand now how this is quite different from just another web cam porno site?

And I think you are certainly not correct on this one.

You are assuming the Livejasmin, xhamster, Porn.com and MyFreeCam operation are a bunch of nuts, who would "set you up" by sign up to Jizzmo.net and then putting a child pornography or two sexually active dogs front of the camera to broadcast the malicious content on Jizzmo, and then they will be "calling the authorities". You think that's how well established corporates - that generate billions of dollars of revenue - operates.

Based on my experience in technology and business I can't see that's happening and here is why

1) In business well paid executives don't break the law like that. They understand very well that next day the action would be leaked by not one, but multiple unhappy employees and they would have to go to jail. Even the owner of LiveJasmin who is under tax investigation would never authorize such obvious cluster fuck up - he is simply smarter than that, that's why he is a billionaire.

2) Those businesses understand very well whom they would be dealing with by attacking with such malicious actions the crypto community. In corporate world dealing with hackers and digital crime is a daily issue. Livejasmin, xhamster, Porn.com and MyFreeCam receive every day a hacking protection blackmail from Russian and other East-European groups. The last thing the porn corporates would want to open a new front with the most knowledgeable computer users on Earth. It just doesn't make sense economically for them. What you think would happen if Livejasmin, xhamster, Porn.com and MyFreeCam would start discrediting a crypto project the nasty way you suggest? DDOS in a big time in first step and second step would come the even bigger DDOS just to mention the most primitive form of counter attacks to a malicious action. Are you seriously suggesting the corporates would get into such war with the crypto community? I can't see that's happening.
This community seems forming. It seems to me from the posts there are users from China, Hungary, Romania, Russia, etc. I think the corporate executives are lot smarter than get into war with expert users from those geographic locations (it is not a negative comment on those countries, all I am saying a DDOS from those countries is standard procedure when you need to defend yourself) .

As someone said above, the big corporates common strategy is to let the smalls try to make living and when the smalls have proven their technology and have enough customers then they get them - via acquisition (the majority of the start-ups fail and don't hurt the big corporates anyway). I can see acquisitions every day in the corporate world, but I have never heard such shady discrediting attack, which was authorized by the corporate executives and what you suggest.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 08, 2015, 02:34:56 PM
@altcoinUK

Mate, I don't think barabbas suggests that big companies would set-up the child pornography, he suggests the crypto community will do that. I am not sure why barabbas think the Litecoin, Doge, Vericoin, Blackcoin, Peercoin communities would try to discredit this coin and call the authorities, he must have a reason why he thinks that.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 08, 2015, 03:52:05 PM
Ah, so many questions, so little time...

No @AltcoinUK, I wasn't referring to big corporations resorting to foul tactics -who would have ever thought of such a thing, ah?-. The vulnerability would be exploited by the nutcases that populate the crypto world. And @zsp, nothing to do with the "communities", just the -very abundant- nutcases. But, ultimately, they would do -like they have done it with every single successful crypto project, and continue to do so, for two basic reasons, both amazingly powerful: jealousy and, most of all, that engine of all human behavior which is "because they can". Add to that impunity and you have the walking papers of a considerable amount of the people that populate crypto world and is at different levels of the "can code" scale.

One thing regular, common-sensical people tend to ignore is that fact that the crypto world is a very special one --and, at the same time, no different than other fanatical groups of every kind. You have to take the peculiarities into consideration to even start to make some assumptions that would be "logical" in the real world. For instance, you have to consider that a sizable portion of the crypto world is comprised by people who "mine" with all kinds of different artifacts, some of them quite expensive, heat their living quarters to extremes some times unbearable, anger their wives/girlfriends, and consume electricity -which they have convinced themselves they are against- at very high levels and spend countless hours agonizing about impossible to achieve ROIs or trading for a few pennies. Or ores, as the case might be. This is the "normal" of the crypto world. I don't have to paint the picture any clearer because, for most reading this, the picture is right there, in the mirror... These people feel free to substitute freely terms like "dislike" for "hate", free to insult at will -since they hide under the anon handle, or sock puppet-, and not only condone scam, thievery and all kinds of fraud, they brag about it when achieved successfully at the expense of some "newbie" while trying to ethically compensate it with the "he learned a lesson, not too expensive", 'justification'. Some of this people even PM death threats to handles, repeatedly... so it is laughable, in so many levels, when some here try to use common sense in predicting the behavior of the "crypto community".

That other guy above who "talked to an Jasmine employee", pontificates about how Jasmine conducts its business because, well, after all, he actually "talked to an employee". He does not bother to say what level of employment -i.e.: knowledge- such employee has of the business his company is in. It can easily be the guy who cleans the offices at night. Or the president of the company. Such is the loose parameters we use commonly here. While another, a certified nutcase, considers me someone who is paid -I'd only wish- to put down otherwise demonstrated one after another, after another, non-viable projects. And doesn't even bother to take a look at the track record or even check the facts (the only -but considerable- asset I have ever conceded PayCoin is the impressive and  affluent community supporting that project. That's the ONLY one) because, after all, everything goes so who cares about ethics, honesty, truth or any of those things, right?

Assuming that "the corporate world" functions by way of acquiring competing business, is not only erroneous, it just proves ignorance in such matters. By such assumption, everything would be a monopoly, so no need to add more there. The big corporate world functions on two basis: quarterly reports that have to show constantly improving balance sheets and -the key to any business- GROWTH. Growth by acquisition is only the most expensive of ways to try to achieve this through synergies and elimination of -some- competition, but as anyone even remotely connected with the corporate world knows, whenever possible corporations have to grow in a more achievable way: Organically. Often, when the opportunities grant such actions, which is very sporadically, by a combination of both. And no, LiveJasmin cannot "buy anyone", as so loosely posted above. Acquisitions have to be studied, often for months, even years, depending on size and complexity, by very well paid experts. Because they have to not just grow the revenue but, much more importantly, the bottom line --while complying with regulations and -even more importantly- without posing a real or potential LIABILITY/VULNERABILITY. Of course there's also the acquisition by the huge Apple-like corporation of a small start-up that came up with a promising new or improved technology that the giant may or may not use in the future but want it in their war chest rather than in the one of Google or Samsung, but we are not talking about that here, when mentioning LiveJasmin, are we?

One other aspect just -again- so loosely touched: There's no "95%". First of all, if this DAC -potential- is to have ANY value, that other 5% won't do it, no matter how successful, in YEARS. That's number one. But then there are the so-called "studios"... that guy from Rumania I believe that is trying to get his going, will pay them -he says- 70%, keeping 10% for himself -and the other 15%, presumably, for infrastructure expenses-. So we are talking a potential 70-75% instead of the 50% that -again, PRESUMABLY- the well established models making more than $10k per month, are making now. And for that "slight" improvement in potential revenues, entirely dependent on themselves, they will be willing to jump ship. I would think not, but what do I know, right? You will no doubt prove me wrong in a heartbeat.

Oh and yes, the motherlode: Traffic! A website without it is completely worthless, everyone knows that. That's why the "business plan" consists of luring (acquisition, get it?) the established models who will bring the traffic... because well, assuming all their followers come along to the new site, they'll start making $14k instead of $10k --the former being potential (there's a small matter of trust involved...) while the latter is what they have taken to the bank for years already... and it is growing due to new followers brought by the traffic in the site. I'm sure there will be lots of adventurous ones willing to jump ship as soon as possible... not!

Anyway, good luck to you all.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 08, 2015, 05:00:10 PM
There are many very good points in Barabbas post, and a few inaccurate like the one regarding to the main element of the business plan, the pay out amount. If I understood correctly 50% vs 95% based on the current 10k revenue is not 12K new revenue, but it is 19K new revenue - an increase by 9K and not 2K. Would the models jump for an extra 9K which is the basic assumption of the business plan? It remain to be seen. Would a gamer jump from twithc.tv for an increased 19k vs 10k revenue? They might ... or might not, we will see.

The developers say the models and twitch.tv gamers are very unhappy with the providers such as LiveJasmin and Amazon respectively. I did some research, and based on the complaining comments/blogs of gamers it seems to me that's a quite correct description of how the gamers feel about Amazon. The average twitch.tv gamer must work a year until get a partnership status at twitch.tv and many gamers are pissed off with Amazon. Would they jump the ship? Some of them perhaps would, but of course most of them not. If some would jump to GadgetNet would that generate advertisement revenue from game studios? If there are viewers then probably yes it would.

I would suggest don't get ahead of ourselves here by talking about millions of dollars of revenues and acquisition. Do step by step the development. Sign up every week 1-2 models and gamers and most importantly do something better than others do, like the group show feature. Sometimes even one feature could win the customers over. In one year time you could have 100-200 hundreds models and gamers. Try to sign a deal with smaller game studios instead of big ones. The small ones can't afford the advertising prices of Amazon, but they desperate to build a gaming community, and this platform ideal for that.

As the developers said they need to start at somewhere to expand the IoT theme and the device management on the blockchain, which is the ultimate goal (if I understood correctly). IBM entered into this market for a reason, this is a very exciting technology and I think it is worth to try developing the tech on the backbone of popular themes like the adult and gaming.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: NoFudOnlyFacts on July 08, 2015, 05:23:05 PM

the only -but considerable- asset I have ever conceded PayCoin is the impressive and  affluent community supporting that project. That's the ONLY one





LULZ ... pathetic liar. barabbas still promoted Paycoin and the $20 buy back when everybody knew it was a scam ROFL ...ROFL 
ROFL  IconicExpert shill today on steroid.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 08, 2015, 05:48:10 PM
@barabbas
First you conveniently ignored the network will pay FIAT for the models and you talked about the token idea is nuts, the token doesn't work, the models don't like token blah blah blah even the devs explained the token is just internal currency.
now you conveniently calculate the payout incorrectly. You say the payout is 12k when the payout is 19k. After all 95% of USD 20,000 is 19k, isn't, but you don't care about numbers, after all the money isn't important in a business plan or is it?

btw, Jasmin does acquisitions all the time. What a surprise, their acquisition target isn't Porn.com but small companies. i am a trader at day job and I get some info, but can I ask what is your business because you seems knowing about LiveJasmin's acquisition strategy more than I can hear from an employee of Jasmin?




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 08, 2015, 06:24:17 PM
@atlcoinUK

There was a mistake I hadn't seen in my post -already edited- by which a 2 was posted instead of a 4.

But, first of all, when you or anyone talks about 95%, we all know this is chimeric, right? There are no charges, no fees involved? The only business in the world, that I know of, that functions with 5% or lower margin of profit is the trillions-dollar credit card business... and it works because the REAL margins are actually exorbitant. So let's call it like it is and admit that there wouldn't be even viable, let alone produce anything for development or just static implementation, with 5%... that's not even considering the piling up of losses (against what investment?) in the many months, perhaps years, it would take to achieve some kind of significant revenue flow.

But even if that paltry 5% would make it viable, the "model" used for the 70% calculation, was the one the guy from Rumania and "his studio" would use in which he would keep 10% clean, use 15% for infrastructure and pay the models 70%.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 08, 2015, 06:31:25 PM
@barabbas
First you conveniently ignored the network will pay FIAT for the models and you talked about the token idea is nuts, the token doesn't work, the models don't like token blah blah blah even the devs explained the token is just internal currency.
now you conveniently calculate the payout incorrectly. You say the payout is 12k when the payout is 19k. After all 95% of USD 20,000 is 19k, isn't, but you don't care about numbers, after all the money isn't important in a business plan or is it?

btw, Jasmin does acquisitions all the time. What a surprise, their acquisition target isn't Porn.com but small companies. i am a trader at day job and I get some info, but can I ask what is your business because you seems knowing about LiveJasmin's acquisition strategy more than I can hear from an employee of Jasmin?




I don't "conveniently" ignore anything. Or use anything. I have no "convenience" here. And I did not calculate incorrectly, I did not see a "2" where there should have been a "4", that's all. And although the difference is significant, the basis of the argument remains exactly the same as of the validity of the point.

I also don't follow the acquisition trail of Jasmin and therefore I don't know what they buy. The point made was that, as opposed what was posted, the CANNOT buy "anyone". And, again, depending on who the employee is -and her level of confidence in you, of course- what he tells you can be anything from real to an exercise in absurdity.

My "business acumen" should be quite evident by now and if it is not apparent to you at this stage, even if I would have been a top executive at Goldman Sachs for 20 years -which I haven't- would make the slightest difference to you. "Convenient" enough?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 08, 2015, 07:32:45 PM
@barabbas
First you conveniently ignored the network will pay FIAT for the models and you talked about the token idea is nuts, the token doesn't work, the models don't like token blah blah blah even the devs explained the token is just internal currency.
now you conveniently calculate the payout incorrectly. You say the payout is 12k when the payout is 19k. After all 95% of USD 20,000 is 19k, isn't, but you don't care about numbers, after all the money isn't important in a business plan or is it?

btw, Jasmin does acquisitions all the time. What a surprise, their acquisition target isn't Porn.com but small companies. i am a trader at day job and I get some info, but can I ask what is your business because you seems knowing about LiveJasmin's acquisition strategy more than I can hear from an employee of Jasmin?




I don't "conveniently" ignore anything. Or use anything. I have no "convenience" here. And I did not calculate incorrectly, I did not see a "2" where there should have been a "4", that's all. And although the difference is significant, the basis of the argument remains exactly the same as of the validity of the point.

I also don't follow the acquisition trail of Jasmin and therefore I don't know what they buy. The point made was that, as opposed what was posted, the CANNOT buy "anyone". And, again, depending on who the employee is -and her level of confidence in you, of course- what he tells you can be anything from real to an exercise in absurdity.

My "business acumen" should be quite evident by now and if it is not apparent to you at this stage, even if I would have been a top executive at Goldman Sachs for 20 years -which I haven't- would make the slightest difference to you. "Convenient" enough?

I was thinking you could reboot your acting career and become a model for jizzmo. It is a good deal you will only be paying 5% in fees.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 08, 2015, 07:35:36 PM
@atlcoinUK

There was a mistake I hadn't seen in my post -already edited- by which a 2 was posted instead of a 4.

But, first of all, when you or anyone talks about 95%, we all know this is chimeric, right? There are no charges, no fees involved? The only business in the world, that I know of, that functions with 5% or lower margin of profit is the trillions-dollar credit card business... and it works because the REAL margins are actually exorbitant. So let's call it like it is and admit that there wouldn't be even viable, let alone produce anything for development or just static implementation, with 5%... that's not even considering the piling up of losses (against what investment?) in the many months, perhaps years, it would take to achieve some kind of significant revenue flow.

But even if that paltry 5% would make it viable, the "model" used for the 70% calculation, was the one the guy from Rumania and "his studio" would use in which he would keep 10% clean, use 15% for infrastructure and pay the models 70%.

I said several times in my previous posts that your concern about the viability of recruiting top models very valid and the team should think about that issue. However, I think your numbers are incorrect.

Regarding the 95% is chimeric, actually it is not. I did the research on the subject and I think the calculation of the team is correct. As the developers said, the main cost in the GadgetNet's business plan regarding to live video streaming is the server and internet traffic. Please use the sample of a 30 minutes long, 50 viewers group show that generates US$ 500 revenue. You will find in the numbers that the infrastructure cost of that video streaming session at 4 Mbit per second HD streaming (Netflix qualify 4 Mbit/s as HD) is less than US$ 3.00. That particular session generates around 45~50 GB traffic and the infrastructure cost is on a leased server is less than US$ 3.00, less than 1% of the revenue. Can they pay out the 95%. Obviously they can. A community member who broadcasts the show can make on such a show US$ 22.00. If the DAC broadcast the live show then the DAC can make that money.
Moreover - and I think you completely ignore this revenue source -, the developers posted here that an important factor in their monetization plan is the advertisement revenue. Does it make sense to expect revenue from advertisement? I think it does. Amazon invested 1 Billion USD in twitch.tv last year, and the justification for the investment was the advertisement revenue opportunities from game streaming. The 100 Billions USD strong adult market advertisement is similarly a serious revenue source opportunity. I think  the advertisement revenue should be taken into account when you validate the business plan.

Regarding the random Romanian guy, for some reason, I am not sure why, the base of your calculation is not the publicly available data which indicate that big sites pay out an average 50% (40,000 models worldwide receive an average 50% of their revenue), but no, you don't use this figure for the calculation. You use the figure of a random Romanian guy's forum based offer which was advertised here. You use the 70% figure of the random Romanian guy instead of using the 50% figure which is the base of the assumptions of the business plan. If you would use the 50% (which is the average percentage 40,000 models worldwide receive) you would get the figure what the developers talk about and I posted previously by referring to the 10k vs 19k sample.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 08, 2015, 07:58:16 PM
Also, I think one of the assumptions in the plan is that most of the models are split their presence between platforms.
Why one can't assume that the models would earn only 20% revenue on Jizzmo and the remaining 80% on the current platform? We debate here about whether the models jump ship or not. But why would they need to jump, they just diversify the activity. It seems to me, my research in the naked woman world indicates that models work for not only one platform and studio. Models even advertise on MyfreeCams that they do some private shows on Skype. Their contract allows that and I assume in this industry they can do this (especially in East Europe there is not such thing as contract that prevents them to broadcast somewhere else). Perhaps they could do the group shows, a portion of their activity on Jizzmo while they work for others as well.
 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 08, 2015, 08:06:58 PM
@atlcoinUK

There was a mistake I hadn't seen in my post -already edited- by which a 2 was posted instead of a 4.

But, first of all, when you or anyone talks about 95%, we all know this is chimeric, right? There are no charges, no fees involved? The only business in the world, that I know of, that functions with 5% or lower margin of profit is the trillions-dollar credit card business... and it works because the REAL margins are actually exorbitant. So let's call it like it is and admit that there wouldn't be even viable, let alone produce anything for development or just static implementation, with 5%... that's not even considering the piling up of losses (against what investment?) in the many months, perhaps years, it would take to achieve some kind of significant revenue flow.

But even if that paltry 5% would make it viable, the "model" used for the 70% calculation, was the one the guy from Rumania and "his studio" would use in which he would keep 10% clean, use 15% for infrastructure and pay the models 70%.

I said several times in my previous posts that your concern about the viability of recruiting top models very valid and the team should think about that issue. However, I think your numbers are incorrect.

Regarding the 95% is chimeric, actually it is not. I did the research on the subject and I think the calculation of the team is correct. As the developers said, the main cost in the GadgetNet's business plan regarding to live video streaming is the server and internet traffic. Please use the sample of a 30 minutes long, 50 viewers group show that generates US$ 500 revenue. You will find in the numbers that the infrastructure cost of that video streaming session at 4 Mbit per second HD streaming (Netflix qualify 4 Mbit/s as HD) is less than US$ 3.00. That particular session generates around 45~50 GB traffic and the infrastructure cost is on a leased server is less than US$ 3.00, less than 1% of the revenue. Can they pay out the 95%. Obviously they can. A community member who broadcasts the show can make on such a show US$ 22.00. If the DAC broadcast the live show then the DAC can make that money.
Moreover - and I think you completely ignore this revenue source -, the developers posted here that an important factor in their monetization plan is the advertisement revenue. Does it make sense to expect revenue from advertisement? I think it does. Amazon invested 1 Billion USD in twitch.tv last year, and the justification for the investment was the advertisement revenue opportunities from game streaming. The 100 Billions USD strong adult market advertisement is similarly a serious revenue source opportunity. I think  the advertisement revenue should be taken into account when you validate the business plan.

Regarding the random Romanian guy, for some reason, I am not sure why, the base of your calculation is not the publicly available data which indicate that big sites pay out an average 50% (40,000 models worldwide receive an average 50% of their revenue), but no, you don't use this figure for the calculation. You use the figure of a random Romanian guy's forum based offer which was advertised here. You use the 70% figure of the random Romanian guy instead of using the 50% figure which is the base of the assumptions of the business plan. If you would use the 50% (which is the average percentage 40,000 models worldwide receive) you would get the figure what the developers talk about and I posted previously by referring to the 10k vs 19k sample.






Thank you for the breakdown but, unfortunately, that speaks only of the bare costs of the broadcast, not of the location, not even the most basic laptop. And, of course, you don't count on any administrative or organizational expenses, let alone a physical address, fiscal or otherwise. The DAC, I don't care where is registered, will be required to file a considerable amount of paperwork, hold records and books. And that can only be done -and accepted by governments- by professionals. And that costs money, all of it. Money that cannot be covered with 5%. Or 10%. And, I repeat, there's a very significant time span in which those expenses have to be sustained, whatever the margins, at significant cost (and I still can't figure out where that seed money is going to come from).

Amazon -and any other huge company- not only invest millions in advertising but they actually collect millions from it. If you were to spend $1 million in advertising jizzmo.com -or the other one- it would actually make sense to expect some advertising revenue; as it is, totally as chimeric as the 95% pay out.

I used the random Rumanian guy because it is the model that actually makes some sense. And because it was considerably above -for the models- what the average is. As you can easily imagine, if someone could pay those models -someone with an established business already- 60 or 70% instead of the average 50, they would get the cream of the crop and most of them would sign with them. Why don't they do it? Perhaps because the business model, without keeping 50-40% of revenues isn't viable, you think? After all 30% of 1 million is significantly more than 50% of half a million... Maybe they haven't thought it thoroughly, but I am going to assume that they have it down pat to the last dollar.

As for the models doing it while keeping other platforms, wouldn't that be counter-productive? The whole point of getting established or successful models would be to bring with them their current constituency for they would hardly benefit from a no-traffic website. A bit confused by this potential scenario...


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 08, 2015, 08:07:55 PM
@barabbas
First you conveniently ignored the network will pay FIAT for the models and you talked about the token idea is nuts, the token doesn't work, the models don't like token blah blah blah even the devs explained the token is just internal currency.
now you conveniently calculate the payout incorrectly. You say the payout is 12k when the payout is 19k. After all 95% of USD 20,000 is 19k, isn't, but you don't care about numbers, after all the money isn't important in a business plan or is it?

btw, Jasmin does acquisitions all the time. What a surprise, their acquisition target isn't Porn.com but small companies. i am a trader at day job and I get some info, but can I ask what is your business because you seems knowing about LiveJasmin's acquisition strategy more than I can hear from an employee of Jasmin?




I don't "conveniently" ignore anything. Or use anything. I have no "convenience" here. And I did not calculate incorrectly, I did not see a "2" where there should have been a "4", that's all. And although the difference is significant, the basis of the argument remains exactly the same as of the validity of the point.

I also don't follow the acquisition trail of Jasmin and therefore I don't know what they buy. The point made was that, as opposed what was posted, the CANNOT buy "anyone". And, again, depending on who the employee is -and her level of confidence in you, of course- what he tells you can be anything from real to an exercise in absurdity.

My "business acumen" should be quite evident by now and if it is not apparent to you at this stage, even if I would have been a top executive at Goldman Sachs for 20 years -which I haven't- would make the slightest difference to you. "Convenient" enough?

I was thinking you could reboot your acting career and become a model for jizzmo. It is a good deal you will only be paying 5% in fees.

Batman. I'm Batman.... or is it Bruce Wayne? Now you make me doubt...


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 08, 2015, 08:37:04 PM
As for the models doing it while keeping other platforms, wouldn't that be counter-productive? The whole point of getting established or successful models would be to bring with them their current constituency for they would hardly benefit from a no-traffic website. A bit confused by this potential scenario...

I am sorry but what is the confusing in the business plan that an established model performs daily 30 minutes live group show on Jizzmo.net for a 95% share and then she bugger off to do whatever she does somewhere else?

The model does it on Jizzmo as a daily show by bringing to here her paying viewers, because other platforms
a) simply don't support the live group show feature
b) don't pay out 95%

Regarding the operation cost, you are again assuming that there is no traffic and no revenue on the platform, but you are assuming that the large operation cost is there. Somehow it is a logical inconsistency. How can be large operating cost for a non working platform? I am not sure the boys here what kind of DAC will run, but people are running serious businesses with £10K per month operation cost in the UK  - a top accountant cost £500 per month. I think you are overstating the operational cost.
The main operation cost is the infrastructure which only scale when there is traffic consequently there is a revenue. And regardless what you think, my calculation is based on real leased server cost instead of your laptop cost. You can get 10TB traffic on 500 gbps bandwidth for US 300.00 per month - that's how I derived the US$ 3.00 cost for a US$ 500.00 streaming revenue.

And again, you don't even assume that in the Jizzmo platform can be advertisement revenue at all. All providers drive revenue from advertisement - but in your opinion no, Jizzmo can't.

OK Barabbas, I need to go to do something else, and later I will do more research on this subject. As always it was a pleasure to talk to you :-))))  



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 08, 2015, 08:59:38 PM
As for the models doing it while keeping other platforms, wouldn't that be counter-productive? The whole point of getting established or successful models would be to bring with them their current constituency for they would hardly benefit from a no-traffic website. A bit confused by this potential scenario...

I am sorry but what is the confusing in the business plan that an established model performs daily live group show on Jizzmo.net for a 95% share and then she bugger off to do whatever she does somewhere else?

The model does it on Jizzmo as a daily show by bringing to here her paying viewers, because other platforms
a) simply don't support the live group show feature
b) don't pay out 95%

Regarding the operation cost, you are again assuming that there is no traffic and no revenue on the platform, but you are assuming that the large operation cost is there. Somehow it is a logical inconsistency. How can be large operating cost for a non working platform? I am not sure the boys here what kind of DAC will run, but people are running serious businesses with £10K per month operation cost in the UK  - a top accountant cost £500 per month. I think you are overstating the operational cost.
The main operation cost is the infrastructure which only scale when there is traffic consequently there is a revenue. And regardless what you think, my calculation is based on real leased server cost instead of your laptop cost. You can get 10TB traffic on 500 gbps bandwidth for US 300.00 per month - that's how I derived the US$ 3.00 cost for a US$ 500.00 streaming revenue.

And again, you don't even assume that in the Jizzmo platform can be advertisement revenue at all. All providers drive revenue from advertisement - but in your opinion no, Jizzmo can't.

OK Barabbas, I need to go to do something else, and later I will do more research on this subject. As always it was a pleasure to talk to you :-))))  



Statistically and by your own research, only 10% of customers will pay in crypto, the vast majority in BTC. the other 90% on credit cards. I am quite sure you are familiar with the fees charged by the three major credit cards issuers, so there goes you 5%. But you need that 500 pounds per month accountant from day one. And unless you run the business from your living room, you need some quarters somewhere... and if you are to recruit some models you will need to offer them at the very least a laptop... The point is that even without any models, you still need infrastructure and have expenses and even with some models you still make no money whatsoever and won't for many months... assuming there's progression and increased revenues.

The group thingy.... since I don't partake I cannot know for sure but isn't the main -like 99.99% main- attraction of this type of thing the interaction on a personal basis, between the model and her customer? I mean, if the model is broadcasting to a group, isn't it something different altogether... and with quite a difference in price? How is the model going to bring along her customers when what they are interested in is that interaction and what she offers them now is a group experience?

And, once again, no, without significant number of visits/hits, no advertising revenue... and you still need infrastructure and general expenses if only a handful of customers are served.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: AddictedToPorn on July 08, 2015, 09:15:52 PM

 and if you are to recruit some models you will need to offer them at the very least a laptop


why is that? Established models who earn 5,000 dollars per month surely have a laptop and serious HD camera


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 08, 2015, 09:39:59 PM

 and if you are to recruit some models you will need to offer them at the very least a laptop


why is that? Established models who earn 5,000 dollars per month surely have a laptop and serious HD camera


We are going back and forth here with established models and new models...

It goes without saying that you will have to offer established models making 5k$ a month much more than a laptop to come on board...


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: AddictedToPorn on July 08, 2015, 09:54:54 PM

 and if you are to recruit some models you will need to offer them at the very least a laptop


why is that? Established models who earn 5,000 dollars per month surely have a laptop and serious HD camera


We are going back and forth here with established models and new models...

It goes without saying that you will have to offer established models making 5k$ a month much more than a laptop to come on board...

Like offer 9.5K$ a month what Jizzmo will with the 95% pay out. Sounds a good offer to me.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 08, 2015, 11:02:34 PM

The group thingy.... since I don't partake I cannot know for sure but isn't the main -like 99.99% main- attraction of this type of thing the interaction on a personal basis, between the model and her customer? I mean, if the model is broadcasting to a group, isn't it something different altogether... and with quite a difference in price? How is the model going to bring along her customers when what they are interested in is that interaction and what she offers them now is a group experience?


Mate, the group thing means the girl is masturbating and 500 blokes watching and commenting. The blokes seems very happy

http://www.myfreecams.com/#AustinWhite

If I wouldn't be drunk I would join the chat, it's so funny.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 08, 2015, 11:09:27 PM

The model does it on Jizzmo as a daily show by bringing to here her paying viewers, because other platforms
a) simply don't support the live group show feature
b) don't pay out 95%


Mate, the myfreecam is different business, it's anonymous and free

This girl has 700 viewers all the time

http://www.myfreecams.com/#esmeralda_bel

I can see the private group show would work too. Those blokes really love the girls.






Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 08, 2015, 11:34:29 PM
Please note, the adult web-cam application is only one of the several use cases. We are working hard on a security application that handles IoT CCTV cameras. Also we are working on the P2P application to stream live University lectures. All of those modules will be open sourced.


 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 08, 2015, 11:34:42 PM


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Shame_Game on July 09, 2015, 02:33:59 AM
I think a lot dont know about this project yet and once they do the remaining contracts will all be sold out very fast. I am hoping to get some next friday when I get paid. Dont listen to the paid fud guy dev. You got a good thing here.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 09, 2015, 09:46:22 AM

The model does it on Jizzmo as a daily show by bringing to here her paying viewers, because other platforms
a) simply don't support the live group show feature
b) don't pay out 95%


Mate, the myfreecam is different business, it's anonymous and free

This girl has 700 viewers all the time

http://www.myfreecams.com/#esmeralda_bel

I can see the private group show would work too. Those blokes really love the girls.


Yeah, that sites an interesting environment.

We hijacked this thread with Barabbas about the adult theme, but it is very good the dev reminded us that this project is lot more than the adult theme.

Internet of Things is already big, but no doubt it will be significantly bigger in a few years time than the 100 billion $ porn industry ever was. No wonder IBM entered into the IoT blockchain party with ADEPT. The real value of this project will be in the generic IoT blockchain, - which happened to be able to handle internet connected adult web-cams among other devices -, and in my opinion a generic IoT blockchain and ledger could create here a more valuable coin than any other coins (except Bitcoin and perhaps some other IoT coins and the decentralized market coins). That's why I started to support this project in the first place, not because the adult theme.

 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 09, 2015, 10:19:25 AM
With friends like barabbas, you don't need enemies.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 09, 2015, 12:02:17 PM
With friends like barabbas, you don't need enemies.





That's cool. I am sure the intention was to help out the devs and VICR owners by emphasizing in the public domain how this idea is completely infeasible.

Anyway, it's quite clear the altcoin market is gone and drying up quickly. There are a few new coins that pumped and dumped by reasonably powerful groups (I mean powerful in the context of this market), but the P&D trick can be pulled out from the hat less and less effectively by completing each of ongoing P&D. And what happens then when the P&D of new coins can't generate more money? This place will be deserted, and only coins with real added value will be here in a year time. Coins that don't depend on P&D and more importantly can add value to a business process or personal life. Just because a wallet is nice or does the POS more efficiently doesn't mean the coin will have value. If the coin isn't used for real world use cases then its value will be eventually zero.

Only coins and projects will have value that are used by real businesses and people.

Bitcoin will be obviously stay, because it is Bitcoin and it is relatively widely used already, and I believe coins/projects like Openbazaar or other decentralized markets, coins with strong social aspect like Doge, perhaps some fitness coins will be successful. And I think technology related coins/projects like Skycoin, Tilecoin and this GadgetNet can survive. I am betting on the technology coins. If they solve a business problem (and they do), if the technology provides businesses with savings and increased revenue (and it does) then businesses will see value in the underlying technology.
 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 09, 2015, 02:57:02 PM
We are performing maintenance and update on the Jizzmo server and it will be down for a few minutes.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 09, 2015, 06:13:26 PM
Development Update

Blog (http://bit.ly/1eJRGjm)



We are rolling out the streemo (http://www.streemo.net/) peer to peer live video streaming application on the GadgetNet network.  streemo (http://www.streemo.net/) is built on the GadgetNet P2P live streaming technology.

What is streemo?
In a nutshell, streemo is an open source alternative to commercial live streaming services such as Ustream or the hosted Wowza service.

Why?
We believe there are three main issues with hosted live video streaming

1) Cost. Using a commercial hosting service the license fee for a university costs at least US$ 10,000 a year.
2) Security and privacy. Using a central server all data goes through the provider. The providers claim the stream is encrypted, but since their application is closed source no one can verify what level of security is applied nor guarantee the privacy of the participants. If you stream for instance a board meeting on the network of popular service providers, you don’t know who is monitoring the video session and accessing your corporate data.
3) Scalability. To stream a football game to 1 million viewers it’s not really feasible using the centralized current infrastructure. We believe our P2P streaming application can manage large audience live streaming. In fact, just like on the torrent network, more peers and more viewers increases network stability.

There is one more important use case for the P2P live video streaming: secure live video chat. Currently the video chat is running through centralized providers like Skype or Viber. Again, there is no guarantee that only the chat users can access the stream. An investigative journalist cannot use those services. Neither can whistle blowers, nor human right activists living under the control of totalitarian regimes without taking the probably unwise risk of exposing themselves to unwanted eyes. The encrypted peer to peer GadgetNet video chat that runs on I2P network is the perfect environment for a secure and virtually untraceable video chat.

Where we are with the application?
We are curently testing and wiring it up to GadgetNet. The plan is to roll the first working prototype out in the next few weeks at www.streemo.net. This will be a centralized place for gamers, universities, conferences and all other users to promote their live video shows, but users can still run the P2P application without this centralized service.  

Is technical support available for commercial users?
Yes, we will offer technical support for US$ 99 per month for 10,000 viewer hours to make sure your streaming infrastructure is in good shape. This is a more than a 90% saving on the Ustream US$ 999 per month for 5,000 viewer hours price.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 09, 2015, 06:15:01 PM


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Shame_Game on July 09, 2015, 07:22:49 PM
Awesome! Man next Friday can't come soon enough.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 09, 2015, 07:35:51 PM
this will be insanely big if the p2p streaming really works.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 09, 2015, 08:08:54 PM
Really exciting stuff! I did some reading on the subject. This what Bram Cohen the inventor of BitTorrent thinks about peer to peer live streaming. I think it's worth listening him - his innovation has changed the world already and he has completely changed how people consume media and entertainment.

"This is new, and unique, and potentially world-changing”
http://bit.ly/1HQxZUa

"Most of the video that people consume today is still not on the Internet," said Cohen, adding that existing protocols aren’t set up to support big live events.
http://bit.ly/1KSaZEX

If the Gadget team can make it work I think we will have something really big here.

Devs, how is the DAC set-up progressing? Do you need any help in the UK with setting up one? Can you outline the final plan how VICR holders can claim the ownership in the DAC?





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 09, 2015, 09:23:42 PM
Would it be possible to add 2FA to the wallet?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 09, 2015, 09:48:36 PM
@Shame_Game
Thank you for your support. In case if you can't get VICR you will be able to forge coins at later stage by running streaming nodes or helping us with marketing. Everyone will have the opportunity to participate even without VICR holding.

@albert_mt
We will try our best to make it work. The initial stress tests indicate the solution works.

@altcoinUK
We will invite all VICR holders to Slack to discuss the DAC. According to the lawyers we must not discuss the DAC share distribution in public forum, such public offering would be against US securities laws.

@chocobo
2FA is under test at this moment in time. We will try to release it very soon, possible in the next few days. We also think it is an important feature.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 09, 2015, 10:02:07 PM
Development Update

Blog (http://blog.gadgetcoin.org)



We are rolling out the streemo (http://www.streemo.net/) peer to peer live video streaming application on the GadgetNet network.  streemo (http://www.streemo.net/) is built on the GadgetNet P2P live streaming technology.

What is streemo?
In a nutshell, streemo is an open source alternative to commercial live streaming services such as Ustream or the hosted Wowza service.

Why?
We believe there are three main issues with hosted live video streaming

1) Cost. Using a commercial hosting service the license fee for a university costs at least US$ 10,000 a year.
2) Security and privacy. Using a central server all data goes through the provider. The providers claim the stream is encrypted, but since their application is closed source no one can verify what level of security is applied nor guarantee the privacy of the participants. If you stream for instance a board meeting on the network of popular service providers, you don’t know who is monitoring the video session and accessing your corporate data.
3) Scalability. To stream a football game to 1 million viewers it’s not really feasible using the centralized current infrastructure. We believe our P2P streaming application can manage large audience live streaming. In fact, just like on the torrent network, more peers and more viewers increases network stability.

There is one more important use case for the P2P live video streaming: secure live video chat. Currently the video chat is running through centralized providers like Skype or Viber. Again, there is no guarantee that only the chat users can access the stream. An investigative journalist cannot use those services. Neither can whistle blowers, nor human right activists living under the control of totalitarian regimes without taking the probably unwise risk of exposing themselves to unwanted eyes. The encrypted peer to peer GadgetNet video chat that runs on I2P network is the perfect environment for a secure and virtually untraceable video chat.

Where we are with the application?
We are curently testing and wiring it up to GadgetNet. The plan is to roll the first working prototype out in the next few weeks at www.streemo.net. This will be a centralized place for gamers, universities, conferences and all other users to promote their live video shows, but users can still run the P2P application without this centralized service.  

Is technical support available for commercial users?
Yes, we will offer technical support for US$ 99 per month for 10,000 viewer hours to make sure your streaming infrastructure is in good shape. This is a more than a 90% saving on the Ustream US$ 999 per month for 5,000 viewer hours price.




thank your for this great project update.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 10, 2015, 01:02:12 AM
So GadgetToken will always be $1 correct? As well as instantly redeemable for USD or BTC?

Also you are ok with GadgetCoin being on exchanges? I think that it is more of a positive than a negative and really is inevitable, being a coin people will trade it one way or another.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 10, 2015, 01:45:42 AM
So GadgetToken will always be $1 correct? As well as instantly redeemable for USD or BTC?

Also you are ok with GadgetCoin being on exchanges? I think that it is more of a positive than a negative and really is inevitable, being a coin people will trade it one way or another.

In the context of the VICR contract it cannot be less than US$1. The VICR contract says that the system won't purchase GDC behalf of the broadcasters for less than US$ 1 - the smart contract simply won't execute on a less than US$ 1.00 price. That's the price the broadcasters must pay for 1 GDC in order to pay the network fee and to be able to cash out. So yes, if you sell the GDC to the broadcasters via the automated system process of VICR execution, then the price cannot be less than US$ 1.00.
What will be the price outside the VICR framework we don't know. Coin holders can trade the coins for any price, though we hope the price will reflect the effort goes into the technology and the potential in the P2P use cases.

Terms of the exchange, we agreed a few pages back that the coin will be on the exchanges permit that the exchanges accept this completely new blockchain. We haven't copied a line from Bitcoin nor Litecoin, so we don't know how that will be seen by the exchanges. We will release an open source wallet very soon so I think the exchanges should accept the coin. It seems so far the blockchain is stable and we are processing transactions with less than 1 second confirmation time, that should be good enough for the exchanges.





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 10, 2015, 01:49:11 AM
Sorry for not replying the original question  :) The GadgetToken will be pegged to 1 USD and it can be converted to FIAT or BTC. This is a must, otherwise the broadcasters won't be working on the Gadget network.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 10, 2015, 02:05:55 AM
Sorry for not replying the original question  :) The GadgetToken will be pegged to 1 USD and it can be converted to FIAT or BTC. This is a must, otherwise the broadcasters won't be working on the Gadget network.

Thanks! So basically GDT is just a placeholder for FIAT and BTC on the GDC blockchain?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 10, 2015, 08:53:34 AM
Sorry for not replying the original question  :) The GadgetToken will be pegged to 1 USD and it can be converted to FIAT or BTC. This is a must, otherwise the broadcasters won't be working on the Gadget network.

Thanks! So basically GDT is just a placeholder for FIAT and BTC on the GDC blockchain?

That's correct. As we explained it several times in this thread, GDT is an internal medium of exchange to manage the transactions and provide solution for the volatility of digital currencies. Broadcasters wouldn't work with us if their income would be measured in a volatile digital currency. The models want to get paid a fixed amount of US dollar for a given time of broadcasting, for example 3 US$ per minute. First the BTC and USD buy-ins of the customers are translated to an internal token (GDT) on a US$ 1.00 per GDT exchange rate, just like LiveJasmin and Myfreecams and all other sites use Token as internal medium of exchange. When the broadcasters cash out then their tokens (GDT) are converted back to USD on a US$ 1.00 per GDT exchange rate or BTC if they wish to receive Bitcoin.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 10, 2015, 11:09:11 AM
Could you please post here what is the Chinese QQ group code?



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 10, 2015, 11:50:51 AM
Could you please post here what is the Chinese QQ group code?



I will try to find out.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 10, 2015, 11:55:12 AM
There is a post at our blog site (http://bit.ly/1eJRGjm) it was submitted yesterday to explain the streemo application.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 10, 2015, 01:35:50 PM
Could you please post here what is the Chinese QQ group code?



被解散了·


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 10, 2015, 01:44:50 PM
There is a /1eJRGjm]post at our blog site (http://[Suspicious link removed) it was submitted yesterday to explain the streemo application.

can't  buy contracts any more?

when i buy the contracts ,it shows "Error  Transaction error. Error code: 4096"

what is the problems?





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 10, 2015, 01:59:33 PM
There is a /1eJRGjm]post at our blog site (http://[Suspicious link removed) it was submitted yesterday to explain the streemo application.

can't  buy contracts any more?

when i buy the contracts ,it shows "Error  Transaction error. Error code: 4096"

what is the problems?





Thank you for pointing this problem out. We are looking into it. I will let you know when the error is resolved.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 10, 2015, 02:07:11 PM
There is a /1eJRGjm]post at our blog site (http://[Suspicious link removed) it was submitted yesterday to explain the streemo application.

can't  buy contracts any more?

when i buy the contracts ,it shows "Error  Transaction error. Error code: 4096"

what is the problems?



Please try again, I think it is operational. I am not sure what was the issue, I can't see any errors, but we will investigate it.
Sorry for the inconvenience.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 10, 2015, 02:17:09 PM
There is a /1eJRGjm]post at our blog site (http://[Suspicious link removed) it was submitted yesterday to explain the streemo application.

can't  buy contracts any more?

when i buy the contracts ,it shows "Error  Transaction error. Error code: 4096"

what is the problems?



Please try again, I think it is operational. I am not sure what was the issue, I can't see any errors, but we will investigate it.
Sorry for the inconvenience.

it happened today, i asked another one to try on his pc,and he also have this problems


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 10, 2015, 02:34:36 PM
There is a /1eJRGjm]post at our blog site (http://[Suspicious link removed) it was submitted yesterday to explain the streemo application.

can't  buy contracts any more?

when i buy the contracts ,it shows "Error  Transaction error. Error code: 4096"

what is the problems?



Please try again, I think it is operational. I am not sure what was the issue, I can't see any errors, but we will investigate it.
Sorry for the inconvenience.

it happened today, i asked another one to try on his pc,and he also have this problems

Thanks for reporting the error. As I said now it works fine, but also I can see the errors from earlier today in the detailed log file, and I can understand you received the 4096 error. We will try to get to the bottom of the problem.
Sorry for the inconveniences.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 10, 2015, 02:53:06 PM
There is a /1eJRGjm]post at our blog site (http://[Suspicious link removed) it was submitted yesterday to explain the streemo application.

can't  buy contracts any more?

when i buy the contracts ,it shows "Error  Transaction error. Error code: 4096"

what is the problems?



Please try again, I think it is operational. I am not sure what was the issue, I can't see any errors, but we will investigate it.
Sorry for the inconvenience.

it happened today, i asked another one to try on his pc,and he also have this problems

Thanks for reporting the error. As I said now it works fine, but also I can see the errors from earlier today in the detailed log file, and I can understand you received the 4096 error. We will try to get to the bottom of the problem.
Sorry for the inconveniences.



it is ok now


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 10, 2015, 08:48:20 PM
Devs,

I really like what you try to achieve and I bought several VICRs. I already gain a lot from this project by learning a lot about IoT and seeing your white paper, development board, blockchain and the rest what you have I know you will deliver. So I am not pressing anything nor complaining, but I think we need to discuss what next?

I understood that your plan was to build a strong community, but be honest to ourselves it is not going to happen here. A few of us like your coin, but the BCT community couldn't care less about this coin despite you clearly have real world use cases (adult web-cam, game broadcasting, security CCTV, etc). It's quite clear you are not going to build a community here. That means you are not going to get help on the marketing front from the non-existent community. Your plan was that the growing community will help advertising the platform - that's not going to happen. So how you are going to continue? What's the plan?

Again, since this is one of the handful coins in the crowded strong altcoin market which has a real purpose, I am sure all VICR owners will be patient, I certainly will be, because we understand to implement and make profitable a serious application takes time. On the other hand if something doesn't work like your community building and marketing plan then better to discuss the next step.

Your streemo live video streaming platform will be a winner, the IoT blockchain will be used by real world businesses. Everything looks really cool except the marketing and expansion plan, so lets discuss it.

Also, is it worth to continue the VICR? The little interest probably does more harm to the project than help in progressing.









Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 10, 2015, 09:44:10 PM
don't stop the vicr I want to buy more next week  :)


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 10, 2015, 11:27:31 PM
Devs,

I really like what you try to achieve and I bought several VICRs. I already gain a lot from this project by learning a lot about IoT and seeing your white paper, development board, blockchain and the rest what you have I know you will deliver. So I am not pressing anything nor complaining, but I think we need to discuss what next?

I understood that your plan was to build a strong community, but be honest to ourselves it is not going to happen here. A few of us like your coin, but the BCT community couldn't care less about this coin despite you clearly have real world use cases (adult web-cam, game broadcasting, security CCTV, etc). It's quite clear you are not going to build a community here. That means you are not going to get help on the marketing front from the non-existent community. Your plan was that the growing community will help advertising the platform - that's not going to happen. So how you are going to continue? What's the plan?

Again, since this is one of the handful coins in the crowded strong altcoin market which has a real purpose, I am sure all VICR owners will be patient, I certainly will be, because we understand to implement and make profitable a serious application takes time. On the other hand if something doesn't work like your community building and marketing plan then better to discuss the next step.

Your streemo live video streaming platform will be a winner, the IoT blockchain will be used by real world businesses. Everything looks really cool except the marketing and expansion plan, so lets discuss it.

Also, is it worth to continue the VICR? The little interest probably does more harm to the project than help in progressing.


Thank you for your support, all developers are really appreciate it.

Naturally, we are very disappointed that the crypto community is disinterested in our idea and only a handful users support us in Bitcointalk. Our idea is to connect as you said real world use cases to a crypto currency and it is a bit disheartening  that the crypto community is not interested in this aim, but the lack of support motivates us to review what and how to improve in the process. Regardless of the unpopularity of our idea, as we promised we go ahead in implementing what is on the roadmap. We will partner up with adult service providers, gamers, health care and security businesses and IoT system integrators - these very different use cases will be using the common GadgetNet blockchain, P2P streaming technology and IoT micropayment framework. Having a very small community supporting us the work will take longer, but we will get there.

Terms of marketing, I agree a new plan is required in that area. I suggest to wait about 2 weeks and then we can re-evaluate how to proceed. We have been receiving very encouraging enquiries from industry professionals, and while the disinterest in Bitcointalk is disappointing, based on the interest from real world businesses we are very optimistic about the future of our IoT blockchain application. Not least, because we signed a partnership agreement with a UK based technology company today to develop and promote our technology. The details will be released next week.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 10, 2015, 11:49:24 PM
We have a QQ group again the ID is 148838719.

Thank you for the wonderful support of our Chinese community members in their local environment at QQ.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 11, 2015, 01:46:23 PM
How long the VIRC will be available? I want to get some next week, will it be still available?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 11, 2015, 02:42:03 PM
I suggest to stop the VICR contracts. Not because I got some and I don't want more coins to be forged :-)))) and I understand the dev boys are desperate to build a supporting user base and community via the VICR, but the Twitter, Facebook, etc. campaign does more harm than good.

We can achieve the goals of the project without the confusing VICR contracts. If and when the project need investment to expand, and  if the development work out according to plans then there won't be an issue to get 50K-100K from angel investors and the bigger money from VCs.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 11, 2015, 02:59:50 PM
I suggest to stop the VICR contracts. Not because I got some and I don't want more coins to be forged :-)))) and I understand the dev boys are desperate to build a supporting user base and community via the VICR, but the Twitter, Facebook, etc. campaign does more harm than good.

We can achieve the goals of the project without the confusing VICR contracts. If and when the project need investment to expand, and  if the development work out according to plans then there won't be an issue to get 50K-100K from angel investors and the bigger money from VCs.


@mtomcdev   if want to stop the VICR sells,please  notify us some days in advance,  Let it us have last Chance to buy the contract.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 11, 2015, 05:44:22 PM
I suggest to stop the VICR contracts. Not because I got some and I don't want more coins to be forged :-)))) and I understand the dev boys are desperate to build a supporting user base and community via the VICR, but the Twitter, Facebook, etc. campaign does more harm than good.

We can achieve the goals of the project without the confusing VICR contracts. If and when the project need investment to expand, and  if the development work out according to plans then there won't be an issue to get 50K-100K from angel investors and the bigger money from VCs.


@mtomcdev   if want to stop the VICR sells,please  notify us some days in advance,  Let it us have last Chance to buy the contract.

We will post a notice here three days before stopping the contract.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Shame_Game on July 11, 2015, 06:56:06 PM
Please stop listing to FUD! Do not stop contracts. Do not take advice from people asking you to stick your head in the sand. This is awesome project that is only lacking one thing to get funding and a very awesome future. People knowing about it. These forums are a tiny little drop in the bucket in the real world. You should be doing a lot more on social media. Not less. Spread the word more and this will sell itself.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 11, 2015, 09:28:36 PM
The Twitter presence is very useful and the marketing team is doing a wonderful job on that front. It generates interests from outside of crypto. We have been receiving inquires from industry experts with questions and suggestions which help us to improve the platform.

Of course we should discuss whether the VICR content of the campaign is the correct one, but itself the Twitter presence is very important and it seems helps in spreading the word about GadgetCoin.

Please follow us on Twitter at https://twitter.com/GadgetCoin



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 11, 2015, 09:58:38 PM
Please stop listing to FUD! Do not stop contracts. Do not take advice from people asking you to stick your head in the sand. This is awesome project that is only lacking one thing to get funding and a very awesome future. People knowing about it. These forums are a tiny little drop in the bucket in the real world. You should be doing a lot more on social media. Not less. Spread the word more and this will sell itself.

What I have been saying here and everywhere that there are 1,000 altcoins and this is one of the handful coins that actually could make its way to the masses. How is that a FUD?

Whoever will come up with the P2P live video streaming first it will change the whole TV industry, the application which can do the P2P live streaming will be a multi billion dollar business.

http://bit.ly/1HQxZUa

http://bit.ly/1KSaZEX

These guys are working on this subject and I support them everywhere I can.

I don't suggest we don't need social media presence, quite the opposite, I am the very few who actually retweets the messages of GadgetCoin. What I am saying is that the VICR message is not necessarily the most effective way to build a loyal supporter base.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 12, 2015, 11:59:14 AM
Can we have staking on the account balance if the VICR contract is paused in case when the contract owner expects a higher price and doesn't want to sell the coins for USD 1? It would be cool to stake at 5-10% interest rate.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 12, 2015, 08:16:21 PM
Can we have staking on the account balance if the VICR contract is paused in case when the contract owner expects a higher price and doesn't want to sell the coins for USD 1? It would be cool to stake at 5-10% interest rate.


The development team has been discussing the staking, but in the context of GadgetNet the staking (POS) is more complicated than for other currencies. Personally, I believe the staking will cause a severe volatility to the price of GadgetCoin.
The broadcasters must buy GDC in order to cash out and if there is limited supply then the price of GDC could jump very high. Let say there is 1,000 GDC demand from broadcasters to pay the network fee but only 100 GDC is available because the rest of coins are staking and paused in the contracts. The limited supply means the price will jump to US$ 10 immediately. Since the price is irrelevant for the broadcasters - as they will pay the 5% of a FIAT amount to cover the network fee and it is indifferent to them on what price they can buy the coin -, the coin owners will be probably very happy with a high price and when the price jump to US$ 10.00 I assume the coin owners would like to sell the coins for that high price to realize a 3,000% ROI on the VICR price. However, once the staked coins entered to this internal market the price will crash to US$ 1.00 again. I am not sure if the coin owners would be happy with such volatility.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 12, 2015, 11:10:18 PM
Can we have staking on the account balance if the VICR contract is paused in case when the contract owner expects a higher price and doesn't want to sell the coins for USD 1? It would be cool to stake at 5-10% interest rate.


The development team has been discussing the staking, but in the context of GadgetNet the staking (POS) is more complicated than for other currencies. Personally, I believe the staking will cause a severe volatility to the price of GadgetCoin.
The broadcasters must buy GDC in order to cash out and if there is limited supply then the price of GDC could jump very high. Let say there is 1,000 GDC demand from broadcasters to pay the network fee but only 100 GDC is available because the rest of coins are staking and paused in the contracts. The limited supply means the price will jump to US$ 10 immediately. Since the price is irrelevant for the broadcasters - as they will pay the 5% of a FIAT amount to cover the network fee and it is indifferent to them on what price they can buy the coin -, the coin owners will be probably very happy with a high price and when the price jump to US$ 10.00 I assume the coin owners would like to sell the coins for that high price to realize a 3,000% ROI on the VICR price. However, once the staked coins entered to this internal market the price will crash to US$ 1.00 again. I am not sure if the coin owners would be happy with such volatility.


limited supply is ok


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 13, 2015, 01:36:47 AM
Can we have staking on the account balance if the VICR contract is paused in case when the contract owner expects a higher price and doesn't want to sell the coins for USD 1? It would be cool to stake at 5-10% interest rate.


The development team has been discussing the staking, but in the context of GadgetNet the staking (POS) is more complicated than for other currencies. Personally, I believe the staking will cause a severe volatility to the price of GadgetCoin.
The broadcasters must buy GDC in order to cash out and if there is limited supply then the price of GDC could jump very high. Let say there is 1,000 GDC demand from broadcasters to pay the network fee but only 100 GDC is available because the rest of coins are staking and paused in the contracts. The limited supply means the price will jump to US$ 10 immediately. Since the price is irrelevant for the broadcasters - as they will pay the 5% of a FIAT amount to cover the network fee and it is indifferent to them on what price they can buy the coin -, the coin owners will be probably very happy with a high price and when the price jump to US$ 10.00 I assume the coin owners would like to sell the coins for that high price to realize a 3,000% ROI on the VICR price. However, once the staked coins entered to this internal market the price will crash to US$ 1.00 again. I am not sure if the coin owners would be happy with such volatility.


limited supply is ok

That's the plan, keep the supply low by forging very limited number of coins as well as burning them once the network fee paid using the coins.
 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 13, 2015, 09:20:32 AM
Can we have staking on the account balance if the VICR contract is paused in case when the contract owner expects a higher price and doesn't want to sell the coins for USD 1? It would be cool to stake at 5-10% interest rate.


The development team has been discussing the staking, but in the context of GadgetNet the staking (POS) is more complicated than for other currencies. Personally, I believe the staking will cause a severe volatility to the price of GadgetCoin.
The broadcasters must buy GDC in order to cash out and if there is limited supply then the price of GDC could jump very high. Let say there is 1,000 GDC demand from broadcasters to pay the network fee but only 100 GDC is available because the rest of coins are staking and paused in the contracts. The limited supply means the price will jump to US$ 10 immediately. Since the price is irrelevant for the broadcasters - as they will pay the 5% of a FIAT amount to cover the network fee and it is indifferent to them on what price they can buy the coin -, the coin owners will be probably very happy with a high price and when the price jump to US$ 10.00 I assume the coin owners would like to sell the coins for that high price to realize a 3,000% ROI on the VICR price. However, once the staked coins entered to this internal market the price will crash to US$ 1.00 again. I am not sure if the coin owners would be happy with such volatility.


limited supply is ok

That's the plan, keep the supply low by forging very limited number of coins as well as burning the them once the network fee paid using the coins.
 

how to run a p2p node to get ores? not a stream server node


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 13, 2015, 10:22:20 AM
Can we have staking on the account balance if the VICR contract is paused in case when the contract owner expects a higher price and doesn't want to sell the coins for USD 1? It would be cool to stake at 5-10% interest rate.


The development team has been discussing the staking, but in the context of GadgetNet the staking (POS) is more complicated than for other currencies. Personally, I believe the staking will cause a severe volatility to the price of GadgetCoin.
The broadcasters must buy GDC in order to cash out and if there is limited supply then the price of GDC could jump very high. Let say there is 1,000 GDC demand from broadcasters to pay the network fee but only 100 GDC is available because the rest of coins are staking and paused in the contracts. The limited supply means the price will jump to US$ 10 immediately. Since the price is irrelevant for the broadcasters - as they will pay the 5% of a FIAT amount to cover the network fee and it is indifferent to them on what price they can buy the coin -, the coin owners will be probably very happy with a high price and when the price jump to US$ 10.00 I assume the coin owners would like to sell the coins for that high price to realize a 3,000% ROI on the VICR price. However, once the staked coins entered to this internal market the price will crash to US$ 1.00 again. I am not sure if the coin owners would be happy with such volatility.


limited supply is ok

That's the plan, keep the supply low by forging very limited number of coins as well as burning the them once the network fee paid using the coins.
 

how to run a p2p node to get ores? not a stream server node

The idea is exactly same as with the stream server node, except the P2P node will be more user friendly and require no compiling nor extensive configuration, maintenance (though it will be open source and users can compile it from source if they want).
Also, it will earn less than a stream server node. The main idea with the P2P client is not much to earn GDC, but enable scalable live streaming and get the live video content to viewers on a significantly cheaper price. For example, users pay US$ 5.00 per month to a gamer at twitch.tv and P2P live streaming allows us to deliver the content cheaper at streemo.net or if the charge will be US$ 5.00 then the broadcasters will have lot more profit.






Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 14, 2015, 12:46:07 PM
I received my bitcoins from my mining and wanted to throw one more at a VICR contract. the VICR it is not available. is it stopped? will it be available?




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 14, 2015, 01:09:29 PM
I received my bitcoins from my mining and wanted to throw one more at a VICR contract. the VICR it is not available. is it stopped? will it be available?




Thank your for your support, the VICR is currently not available and we will inform the community here regarding to how we continue with the VICR contracts.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 14, 2015, 07:38:00 PM
Development Update

We have a press release about the latest developments surrounding GadgetNet and GadgetCoin.

Open-source Internet of Things micropayment processing hits the market
 
Today ZoVolt Ltd and GadgetNet LLC announced a partnership to bring open source Internet micropayment processing to the mainstream market. The two companies will work together to develop a secure IoT solution based on block-chain technology that will enable consumers to unlock the full potential of their Internet of Things gadgets. By securing and streamlining the way the devices interact with the user a whole new realm of possibilities are opened up for system integrators and manufacturers looking to breach the divide between machine and consumer.

ZoVolt Ltd will bring years of hardware and software development experience to the partnership, having been developing a wireless ECG sensor for the telemedicine sector since 2013. GadgetNet LLC will bring its open source community development to the partnership and manage the project.
Tibor Pardi, CTO of ZoVolt stated that “There is clear synergy between the two companies and we are delighted to be bringing our expertise to the table to try and make this partnership successful”
The first practical application of the partnership will be the streemo peer-to-peer live video streaming service at http://www.streemo.net, which will be going live shortly.

About Zovolt Ltd – Zovolt Ltd is a technology company located in Herefordshire, UK – specializing in secure Internet of Things solutions and  embedded devices development. The company has successfully gone through their first round of seed funding and are now actively developing a secure IoT software framework and a wireless ECG sensor to deliver sensitive patient data to doctors remotely.

About GadgetNet LLC – GadgetNet LLC is a Delaware based company specializing in block-chain technology, open source peer to peer and digital currency software development. GadgetNet is currently actively involved in managing and setting up the streemo.net peer to peer video steaming service.
 
CONTACT: Tibor Pardi (CTO of ZoVolt) tibor@zovolt.com

http://www.newswiretoday.com/news/153924/




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 14, 2015, 07:53:20 PM
In this partnership we will be responsible for the
- Open source releases and maintaining the open source code base
- Updating the community with the latest news about GadgetNet
- Managing the project
- Developing and maintaining GadgetCoin  

ZoVolt Ltd will be
- manufacturing GadgetNet specific hardware such as the development board
- donating development resources to complete the P2P live video streaming application and the IoT micropayments framework
- donating hardware and hosting our services until we have revenue and can manage that by ourselves
- taking the technology to IoT system integrators by providing support and consultancy services

The GadgetCoin team would like to say a huge thank you for ZoVolt Ltd for their support and working with us to make the GadgetNet technology a success!





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 14, 2015, 07:54:05 PM
Development Update

We have a press release about the latest developments surrounding GadgetNet and GadgetCoin.

Open-source Internet of Things micropayment processing hits the market
 
Today ZoVolt Ltd and GadgetNet LLC announced a partnership to bring open source Internet micropayment processing to the mainstream market. The two companies will work together to develop a secure IoT solution based on block-chain technology that will enable consumers to unlock the full potential of their Internet of Things gadgets. By securing and streamlining the way the devices interact with the user a whole new realm of possibilities are opened up for system integrators and manufacturers looking to breach the divide between machine and consumer.

ZoVolt Ltd will bring years of hardware and software development experience to the partnership, having been developing a wireless ECG sensor for the telemedicine sector since 2013. GadgetNet LLC will bring its open source community development to the partnership and manage the project.
Tibor Pardi, CTO of ZoVolt stated that “There is clear synergy between the two companies and we are delighted to be bringing our expertise to the table to try and make this partnership successful”
The first practical application of the partnership will be the streemo peer-to-peer live video streaming service at http://www.streemo.net, which will be going live shortly.

About Zovolt Ltd – Zovolt Ltd is a technology company located in Herefordshire, UK – specializing in secure Internet of Things solutions and  embedded devices development. The company has successfully gone through their first round of seed funding and are now actively developing a secure IoT software framework and a wireless ECG sensor to deliver sensitive patient data to doctors remotely.

About GadgetNet LLC – GadgetNet LLC is a Delaware based company specializing in block-chain technology, open source peer to peer and digital currency software development. GadgetNet is currently actively involved in managing and setting up the streemo.net peer to peer video steaming service.
 
CONTACT: Tibor Pardi (CTO of ZoVolt) tibor@zovolt.com

http://www.newswiretoday.com/news/153924/



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 14, 2015, 08:14:21 PM
sweet, thanks gadgetcoin team!!!
The value of my Gadgetcoin wallet just doubled or tripled   :D   ::)   :o


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 14, 2015, 09:42:45 PM
Great news dev! I am ready to sell my coins to the broadcasters for $ 1.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 14, 2015, 10:40:42 PM

http://www.prurgent.com/2015-07-14/pressrelease389824.htm




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 14, 2015, 10:51:45 PM
Development Update

We have a press release about the latest developments surrounding GadgetNet and GadgetCoin.

Open-source Internet of Things micropayment processing hits the market
 
Today ZoVolt Ltd and GadgetNet LLC announced a partnership to bring open source Internet micropayment processing to the mainstream market. The two companies will work together to develop a secure IoT solution based on block-chain technology that will enable consumers to unlock the full potential of their Internet of Things gadgets. By securing and streamlining the way the devices interact with the user a whole new realm of possibilities are opened up for system integrators and manufacturers looking to breach the divide between machine and consumer.

ZoVolt Ltd will bring years of hardware and software development experience to the partnership, having been developing a wireless ECG sensor for the telemedicine sector since 2013. GadgetNet LLC will bring its open source community development to the partnership and manage the project.
Tibor Pardi, CTO of ZoVolt stated that “There is clear synergy between the two companies and we are delighted to be bringing our expertise to the table to try and make this partnership successful”
The first practical application of the partnership will be the streemo peer-to-peer live video streaming service at http://www.streemo.net, which will be going live shortly.

About Zovolt Ltd – Zovolt Ltd is a technology company located in Herefordshire, UK – specializing in secure Internet of Things solutions and  embedded devices development. The company has successfully gone through their first round of seed funding and are now actively developing a secure IoT software framework and a wireless ECG sensor to deliver sensitive patient data to doctors remotely.

About GadgetNet LLC – GadgetNet LLC is a Delaware based company specializing in block-chain technology, open source peer to peer and digital currency software development. GadgetNet is currently actively involved in managing and setting up the streemo.net peer to peer video steaming service.
 
CONTACT: Tibor Pardi (CTO of ZoVolt) tibor@zovolt.com

http://www.newswiretoday.com/news/153924/



Do I understand correctly that p2p audio/video though streemo will be used to monitor patients? Or is there any other uses in the immediate pipeline with ZoVolt? The "partnership" implies ZoVolt using streemo for a fee only or actually being partners in other enterprises, such as consulting and actual solutions implimentation?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 14, 2015, 11:18:06 PM
Development Update

We have a press release about the latest developments surrounding GadgetNet and GadgetCoin.

Open-source Internet of Things micropayment processing hits the market
 
Today ZoVolt Ltd and GadgetNet LLC announced a partnership to bring open source Internet micropayment processing to the mainstream market. The two companies will work together to develop a secure IoT solution based on block-chain technology that will enable consumers to unlock the full potential of their Internet of Things gadgets. By securing and streamlining the way the devices interact with the user a whole new realm of possibilities are opened up for system integrators and manufacturers looking to breach the divide between machine and consumer.

ZoVolt Ltd will bring years of hardware and software development experience to the partnership, having been developing a wireless ECG sensor for the telemedicine sector since 2013. GadgetNet LLC will bring its open source community development to the partnership and manage the project.
Tibor Pardi, CTO of ZoVolt stated that “There is clear synergy between the two companies and we are delighted to be bringing our expertise to the table to try and make this partnership successful”
The first practical application of the partnership will be the streemo peer-to-peer live video streaming service at http://www.streemo.net, which will be going live shortly.

About Zovolt Ltd – Zovolt Ltd is a technology company located in Herefordshire, UK – specializing in secure Internet of Things solutions and  embedded devices development. The company has successfully gone through their first round of seed funding and are now actively developing a secure IoT software framework and a wireless ECG sensor to deliver sensitive patient data to doctors remotely.

About GadgetNet LLC – GadgetNet LLC is a Delaware based company specializing in block-chain technology, open source peer to peer and digital currency software development. GadgetNet is currently actively involved in managing and setting up the streemo.net peer to peer video steaming service.
 
CONTACT: Tibor Pardi (CTO of ZoVolt) tibor@zovolt.com

http://www.newswiretoday.com/news/153924/



Do I understand correctly that p2p audio/video though streemo will be used to monitor patients? Or is there any other uses in the immediate pipeline with ZoVolt? The "partnership" implies ZoVolt using streemo for a fee only or actually being partners in other enterprises, such as consulting and actual solutions implimentation?

ZoVolt will integrate the following parts of the GadgetNet tech into their IoT solution:
- The PPK infrastructure and smart contracts to manage device authentication, access control and provisioning
- The blockchain based micropayments to charge their customers in FIAT
- The P2P streaming for their patient monitoring and retirement home monitoring to manage video camera devices

In the context of healthcare streemo mainly a convenient way to provision the device securely as well as simplify the access control of devices. The underlying infrastructure will be streemo, but the clients of commercial partners like ZoVolt will be getting the content via a custom interface.

ZoVolt will be our consulting partner in the UK and Europe. Their business is providing services to IoT system integrators and once the GadgetNet solution is industrial ready they will be start selling it to industrial companies.
 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 14, 2015, 11:55:14 PM
From now Tibor Pardi the CTO of ZoVolt will be overseeing the software development of GadgetNet to make sure we are on the right track. Tibor is a very experienced software developer with decades of working history in the banking and payment industry, and we are grateful that his expertise will be available for GadgetNet/GadgetCoin.

Tibor is a long time Bitcoin supporter and you can meet him at the Hereford, UK based Bitcoin Meetup which he is organizing.

http://www.meetup.com/Hereford-Bitcoin-Meetup/members/160416692/








Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 15, 2015, 12:04:09 AM
Well done devs, it's great to see that this coin - which is one of the very few with real world use cases (P2P live streaming and IoT micropayments) -  is developing nicely!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 15, 2015, 12:17:04 AM
Great news dev! I am ready to sell my coins to the broadcasters for $ 1.


Easy tiger, not so fast! There are only 40,000 coins and the US$10.00 price is is more realistic than US$ 1 ! :-))))

If I remember correctly. the original plan last year was to target the US$ 5 per coin price. The devs said at the time the network fee will be charged for IoT providers at the price of US$ 5.

Now, please put the development and opportunities around this coin into perspective: there are 42 coins right now with market cap bigger than 1 million dollar. Which one is offering such gold mine like the jizzmo.net or the streemo.net could be in a year time when the broadcaster realize the true power of P2P live streaming and will be moving to the GadgetNet platforms?

Can be GadgetCoin hit the 1 million $ market cap? Of course it can, that should be the very minimum target given what coins having over 1 million market cap.

At US$ 1,000,000 market cap and the current 40,000 supply the price will be $ 25.







Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 15, 2015, 12:32:13 AM
Great news dev! I am ready to sell my coins to the broadcasters for $ 1.


Easy tiger, not so fast! There are only 40,000 coins and the US$10.00 price is is more realistic than US$ 1 ! :-))))

If I remember correctly. the original plan last year was to target the US$ 5 per coin price. The devs said at the time the network fee will be charged for IoT providers at the price of US$ 5.

Now, please put the development and opportunities around this coin into perspective: there are 42 coins right now with market cap bigger than 1 million dollar. Which one is offering such gold mine like the jizzmo.net or the streemo.net could be in a year time when the broadcaster realize the true power of P2P live streaming and will be moving to the GadgetNet platforms?

Can be GadgetCoin hit the 1 million $ market cap? Of course it can, that should be the very minimum target given what coins having over 1 million market cap.

At US$ 1,000,000 market cap and the current 40,000 supply the price will be $ 25.


1 million market cap should be the minimum. 25 $ price is 7500% ROI  ::)  i always say, only in crypto possible this return.

 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 15, 2015, 01:06:12 AM
Optimism is good, positive.

Outrageous optimism, with -so far- nothing to base it on, is... well, counter productive.

Anyone has even bothered to consider a test of quality, scalability, latency... in p2p video/audio technology? If I am correctly informed the tech is, for now, at the level of internal testing...

The release shows that someone -who, importantly, happens to be a crypto enthusiast-, has a start up that could benefit from the reduced prices of p2p tech. ONLY that. He can offer -and probably is offering- the exact same p2p service already by the true, tested and commercially available usual suspects... so it is a potentially positive thing but, for now, like everything else in this project, it's only potential....

It would perhaps be reasonable to wait a good few months to even consider starting counting your dollars.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 15, 2015, 02:00:59 AM
with -so far- nothing to base it on

The superb quality white paper, nicely done development board schematic, a fully functional blockchain and smart contracts written from scratch, collaboration with a real world company aren't nothing. These are a very good starting base to be a very successful coin.

Anyone has even bothered to consider a test of quality, scalability, latency... in p2p video/audio technology?

You are implying these experienced developers actually don't test the software and don't consider fundamental software design principles such as scalability. Their white paper clearly describes how scalability is one of main advantage of P2P technologies and they explain the implementation details of that.
The working blockchain and smart contracts indicate to me that there is an adequate QA process in the software development life cycle of GadgetNet.

like everything else in this project, it's only potential....

Apart from Bitcoin which is used at least for shopping at some places, all crypto currencies are only a potential, isn't it? Even Bitshare with its 15 million dollar market cap used only on experimental applications - it is only potential, isn't it? There are 42 coins over 1 million market cap, most of them are BTC/LTC clones with virtually no added value to the original code base, since those currencies aren't used anywhere yet they are only potentials, aren't they? Never mind that these guys at least try to work with real world use cases, but right now, the potential - which is the only asset of other coins as well - not good enough for you. 42 coins are good enough to reach the 1 million market cap with nothing else than potential - GadgetCoin in your opinion obviously can't.

I think this coin and the technology it implements has as much chances to be a 1 million market cap coin than any other coins currently in the over 1 million market cap category had at their start.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 15, 2015, 02:12:23 AM
with -so far- nothing to base it on

The superb quality white paper, nicely done development board schematic, a fully functional blockchain and smart contracts written from scratch, collaboration with a real world company aren't nothing. These are a very good starting base to be a very successful coin.

Anyone has even bothered to consider a test of quality, scalability, latency... in p2p video/audio technology?

You are implying these experienced developers actually don't test the software and don't consider fundamental software design principles such as scalability. Their white paper clearly describes how scalability is one of main advantage of P2P technologies and they explain the implementation details of that.
The working blockchain and smart contracts indicate to me that there is an adequate QA process in their software development life cycle of GdgetNet.

like everything else in this project, it's only potential....

Apart from Bitcoin which is used at least for shopping at some places, all crypto currency only a potential isn't it? Even Bitshare with its 15 million dollar market cap used only on experimental applications - it is only potential, isn't it? There are 42 coins over 1 million market cap, most of them are BTC/LTC clones with virtually no added value to the original code base, since those currencies aren't used anywhere yet they are only potentials, aren't they? Never mind that these guys at least try to work with real world use cases, but right now, the potential - which is the only asset of other coins as well - not good enough for you. 42 coins are good enough to reach the 1 million market cap with nothing else than potential - GadgetCoin in your opinion obviously can't.

I think this coin and the technology it implements has as much chances to be a 1 million market cap coin than any other coins currently in the over 1 million market cap category have.


DON'T FEED BARABBAS THE TROLL!!!!

i read barabbas' posts. he promoted the Paycoin scam. he thought it is a very nice project. he fought for Paycoin when everyone knew it is a scam. Gadgetcoin is not good enough for him.
he was very sympathetic with IconExpert's scam coin, he thought the base idea is very good. Gadgetcoin is not good enough for him.
All coins are good for barabbas, gadgetcoin is nothing. whitepaper? that's nothing. partnership with Zovolt? that's nothing.

DON'T FEED BARABBAS THE TROLL!!!!



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 15, 2015, 02:44:51 AM
lol I didn't understand a word from the whitepaper. I could see only the dollar signs.  ;D


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 15, 2015, 03:51:12 AM
with -so far- nothing to base it on

The superb quality white paper, nicely done development board schematic, a fully functional blockchain and smart contracts written from scratch, collaboration with a real world company aren't nothing. These are a very good starting base to be a very successful coin.

Anyone has even bothered to consider a test of quality, scalability, latency... in p2p video/audio technology?

You are implying these experienced developers actually don't test the software and don't consider fundamental software design principles such as scalability. Their white paper clearly describes how scalability is one of main advantage of P2P technologies and they explain the implementation details of that.
The working blockchain and smart contracts indicate to me that there is an adequate QA process in the software development life cycle of GadgetNet.

like everything else in this project, it's only potential....

Apart from Bitcoin which is used at least for shopping at some places, all crypto currencies are only a potential, isn't it? Even Bitshare with its 15 million dollar market cap used only on experimental applications - it is only potential, isn't it? There are 42 coins over 1 million market cap, most of them are BTC/LTC clones with virtually no added value to the original code base, since those currencies aren't used anywhere yet they are only potentials, aren't they? Never mind that these guys at least try to work with real world use cases, but right now, the potential - which is the only asset of other coins as well - not good enough for you. 42 coins are good enough to reach the 1 million market cap with nothing else than potential - GadgetCoin in your opinion obviously can't.

I think this coin and the technology it implements has as much chances to be a 1 million market cap coin than any other coins currently in the over 1 million market cap category had at their start.


There's a problem this project has -among many others- and is that no one knows -or cares about- it. Depending on the circumstances of each one of those 42 projects that you mention, that is NOT the case. Nor has it been for months, if not years. There's a track record of trust, development and community, the basis of all those projects. So it isn't just potential that they have. They also have, again, a supportive community, a proven track record in development, have delivered in some of their promises, not just signal the direction in which they are going, and have developers that have been around for quite a while and have nothing to prove.

The same would apply, in similar measure, to THE NEXT 42 projects in that list, those that have either never reached or have gone below the 1 million dollars level, which proves it isn't an easy task to reach and perhaps even more difficult, to maintain by those promising enough to have reached that milestone valuation.

I am not implying that these developers, who no one knows, are not testing their software. I am STATING that, so far, that is the only thing they are (supposedly) doing regarding the specific p2p audio/video software. There's no public or even peer testing that I know of. Regarding scalability and latency, there's no specific information or test that can be performed... nor it is an easy thing to do. To test, much less to have it working seamlessly regardless of circumstances.

But, in any case, even if the tech is to be believed -which at this point is a HUGE stretch-, there's no BUSINESS MODEL, much less a workable one. And even when there is one, if it gets there, it seems that it will be a business model for a company that happens to use some tokens related to this crypto project, not, in any case, a conforming part of it. And that has not much to do necessarily with the wishes of the obviously inexperienced devs, but with laws and regulations of different countries with which they would have to comply.

So I don't say there's no potential here; I'm just stating what for anyone with even a basic common sense, would be prudent and evident: That even minimal implementation of  some of the potential advantages of this crypto project, are facing a very steep curve on the way to the $$ signs. Just that.

Now, of course, the people lacking that basic common sense, cannot care about such "small" details... how could they?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 15, 2015, 07:22:37 AM
Good news! So will the VICR contracts be open soon?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 15, 2015, 10:29:29 AM

There's a problem this project has -among many others- and is that no one knows -or cares about- it.


That's a good point. If only the current handful of users will support this coin in a year time then this wont be 1 million $ market cap coin.

The developers' plan is - they stated it several times here - to build a community and support for the coin. I think once the technology is released and it is started to use by real world companies and individual broadcasters in case of jizzmo and streemo, then the community support will start building up, but we will see how the plan works out.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 15, 2015, 12:01:55 PM
Good news! So will the VICR contracts be open soon?

Please let us know when you are ready to buy it by sending a message here or in a PM and as we promised, long time supporters like yourself and all our supporters in this thread will be able to buy it with the very same conditions as the early buyers.
We would like to close the VICR handling and move to the next phase, so it would be great if you could let us know as soon as it is possible.





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: NoFudOnlyFacts on July 15, 2015, 02:02:33 PM
ROFL ...ROFL barabbas the supporter of the Paycoin and Iconexpert scams thinks this "BUSINESS MODEL" is not good enough

like viacoin and btcdrak is not good enough for barabbas

LULZ the Paycoin scam was good enough for barabbas, all money should go to the scams barabbas supports!!!!!!!  LULZ

btw, read what he says in the Mangocoinz thread ROFL ...ROFL he is on Mangocoinz ROFL



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 15, 2015, 03:41:51 PM
ROFL ...ROFL barabbas the supporter of the Paycoin and Iconexpert scams thinks this "BUSINESS MODEL" is not good enough

like viacoin and btcdrak is not good enough for barabbas

LULZ the Paycoin scam was good enough for barabbas, all money should go to the scams barabbas supports!!!!!!!  LULZ

btw, read what he says in the Mangocoinz thread ROFL ...ROFL he is on Mangocoinz ROFL



What barabbas does, being concerned about design and implementation details such as scalability and high availability is a good thing as well as scrutinize the business plan is useful for the developers and project.

I am sure barabbas is equally critical and apply such a high standard to the coins which he support such as to Paycoin or Mangocoinz.  

Based on what I can see in the superb white paper, the working HTML5 wallet and the information about the businesses sites such as jizzmo and streemo, personally I think this project is on the right track.






Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 15, 2015, 04:53:15 PM
Development Update

We have a press release about the latest developments surrounding GadgetNet and GadgetCoin.

Open-source Internet of Things micropayment processing hits the market
 
Today ZoVolt Ltd and GadgetNet LLC announced a partnership to bring open source Internet micropayment processing to the mainstream market. The two companies will work together to develop a secure IoT solution based on block-chain technology that will enable consumers to unlock the full potential of their Internet of Things gadgets. By securing and streamlining the way the devices interact with the user a whole new realm of possibilities are opened up for system integrators and manufacturers looking to breach the divide between machine and consumer.

ZoVolt Ltd will bring years of hardware and software development experience to the partnership, having been developing a wireless ECG sensor for the telemedicine sector since 2013. GadgetNet LLC will bring its open source community development to the partnership and manage the project.
Tibor Pardi, CTO of ZoVolt stated that “There is clear synergy between the two companies and we are delighted to be bringing our expertise to the table to try and make this partnership successful”
The first practical application of the partnership will be the streemo peer-to-peer live video streaming service at http://www.streemo.net, which will be going live shortly.

About Zovolt Ltd – Zovolt Ltd is a technology company located in Herefordshire, UK – specializing in secure Internet of Things solutions and  embedded devices development. The company has successfully gone through their first round of seed funding and are now actively developing a secure IoT software framework and a wireless ECG sensor to deliver sensitive patient data to doctors remotely.

About GadgetNet LLC – GadgetNet LLC is a Delaware based company specializing in block-chain technology, open source peer to peer and digital currency software development. GadgetNet is currently actively involved in managing and setting up the streemo.net peer to peer video steaming service.
 
CONTACT: Tibor Pardi (CTO of ZoVolt) tibor@zovolt.com

http://www.newswiretoday.com/news/153924/



Wow, great news! Please send me a PM when the VICR is available again, I have 5 Bitcoins for you  ;)


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 15, 2015, 05:52:07 PM

There's no public or even peer testing that I know of. Regarding scalability and latency, there's no specific information or test that can be performed... nor it is an easy thing to do

where is the peer review for the Paycoin scam you have been supporting mr jobless actor Jose? i can't find anywhere you requested peer testing from the Paycoin team.
where is the scalability and specific information for your Mangocoin? nowhere. you are just trolling.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 15, 2015, 05:56:58 PM
ROFL ...ROFL barabbas the supporter of the Paycoin and Iconexpert scams thinks this "BUSINESS MODEL" is not good enough

like viacoin and btcdrak is not good enough for barabbas

LULZ the Paycoin scam was good enough for barabbas, all money should go to the scams barabbas supports!!!!!!!  LULZ

btw, read what he says in the Mangocoinz thread ROFL ...ROFL he is on Mangocoinz ROFL



What barabbas does, being concerned about design and implementation details such as scalability and high availability is a good thing as well as scrutinize the business plan is useful for the developers and project.

I am sure barabbas is equally critical and apply such a high standard to the coins which he support such as to Paycoin or Mangocoinz.  

Based on what I can see in the superb white paper, the working HTML5 wallet and the information about the businesses sites such as jizzmo and streemo, personally I think this project is on the right track.






First of all, and without quoting total idiots, lets set the record straight:

-- I never, ever, "supported" Paycoin. I was fully aware, and posted as such, that the project had tow evident "assets": One of the most idiotic individuals in the world, in Joe Homero Garza AND, by far, the best, most loyal, biggest and more affluent community in crypto. I traded XPY in small amounts (still do).

-- Mangoz is a nice project, in Beta phase at the moment, that is neither crypto nor decentralized and of which I am both supportive (because it has great potential AND it is completely free, therefore there's not even a remote possibility of scam) and very critical given the fact that their three young devs have no idea of how to build a profitable business around their project. Even so, the idea is so different and catchy that I believe some degree of success, probably a minimal fraction of what the potential is, is inevitable.

-- The IconicExpert coin was and is a very good idea, innovative too, that had many unnecessary problems at launch and has had and still has, ways to game the system. But, great idea as it is, the main burden of the coin is IconicExpert himself, a notoriously hated individual -and NOT for legitimate reasons, generally- in  crypto whose ego gets and always will by far the better of him, therefore and on that basis alone, I stopped supporting the project. But it is still a good idea bound to fail for the reason noted.

That out of the way, and to avoid repetition, I'll answer in responding to your post on the mango thread.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 15, 2015, 05:57:40 PM

There's no public or even peer testing that I know of. Regarding scalability and latency, there's no specific information or test that can be performed... nor it is an easy thing to do

where is the peer review for the Paycoin scam you have been supporting mr jobless actor Jose? i can't find anywhere you requested peer testing from the Paycoin team.
where is the scalability and specific information for your Mangocoin? nowhere. you are just trolling.



Batman. One last time, I'm Batman.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 15, 2015, 06:11:19 PM
ROFL ...ROFL barabbas the supporter of the Paycoin and Iconexpert scams thinks this "BUSINESS MODEL" is not good enough

like viacoin and btcdrak is not good enough for barabbas

LULZ the Paycoin scam was good enough for barabbas, all money should go to the scams barabbas supports!!!!!!!  LULZ

btw, read what he says in the Mangocoinz thread ROFL ...ROFL he is on Mangocoinz ROFL



What barabbas does, being concerned about design and implementation details such as scalability and high availability is a good thing as well as scrutinize the business plan is useful for the developers and project.

I am sure barabbas is equally critical and apply such a high standard to the coins which he support such as to Paycoin or Mangocoinz.  

Based on what I can see in the superb white paper, the working HTML5 wallet and the information about the businesses sites such as jizzmo and streemo, personally I think this project is on the right track.






First of all, and without quoting total idiots, lets set the record straight:

-- I never, ever, "supported" Paycoin. I was fully aware, and posted as such, that the project had tow evident "assets": One of the most idiotic individuals in the world, in Joe Homero Garza AND, by far, the best, most loyal, biggest and more affluent community in crypto. I traded XPY in small amounts (still do).

-- Mangoz is a nice project, in Beta phase at the moment, that is neither crypto nor decentralized and of which I am both supportive (because it has great potential AND it is completely free, therefore there's not even a remote possibility of scam) and very critical given the fact that their three young devs have no idea of how to build a profitable business around their project. Even so, the idea is so different and catchy that I believe some degree of success, probably a minimal fraction of what the potential is, is inevitable.

-- The IconicExpert coin was and is a very good idea, innovative too, that had many unnecessary problems at launch and has had and still has, ways to game the system. But, great idea as it is, the main burden of the coin is IconicExpert himself, a notoriously hated individual -and NOT for legitimate reasons, generally- in  crypto whose ego gets and always will by far the better of him, therefore and on that basis alone, I stopped supporting the project. But it is still a good idea bound to fail for the reason noted.

That out of the way, and to avoid repetition, I'll answer in responding to your post on the mango thread.



lol what a liar troll you are  ;D

https://bitcointalk.org/index.php?topic=900970

anyone can read there how you fully supported the Paycoin scam in January and february. When everyone could see it was a scam and people were loosing money in big time, you were still shilling for Garza.

You go from thread to thread and attack all coins to build the righteous and objective image to support scams like paycoin is.

what a despicable liar troll.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 15, 2015, 06:14:42 PM

There's no public or even peer testing that I know of. Regarding scalability and latency, there's no specific information or test that can be performed... nor it is an easy thing to do

where is the peer review for the Paycoin scam you have been supporting mr jobless actor Jose? i can't find anywhere you requested peer testing from the Paycoin team.
where is the scalability and specific information for your Mangocoin? nowhere. you are just trolling.



Batman. One last time, I'm Batman.

what a surprise that there is no peer review for your Paycoin scam. after all peer test is only important for other coins not for your scam.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 15, 2015, 06:58:52 PM
Lets forget about barabbas. He felt he must share his disapproval regarding to this project. There are 1000 other coins but he needed to express his view regarding to this one. He knows why it was important for him, but lets move on and discuss GadgetCoin.

I think the collaboration with ZoVolt is a great news and that should bring a lot to the table. As I can read ZoVolt has relation with Cisco, NHS, large investment groups, etc. If they can bring one of the big players like Cisco to the party then we don't even need the jizzmo site and this coin will be all right.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 15, 2015, 09:31:19 PM
A few community members contacted us in PM and asked in this thread about the availability of coins and VICR contracts. Also, a few investors working with our partner ZoVolt Ltd want to be involved with the GadgetNet business ideas, help us to cover the development and infrastructure costs, and try out crypto investments by purchasing our VICR contracts.
From tomorrow the contracts will be available again for a 48 hours period until Saturday morning when we will terminate permanently the contract distribution process.

Please let us know if you have any issues with the BTC transactions or anything else during the purchase process and we will sort the problems out.







Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 16, 2015, 12:19:37 AM
A few community members contacted us in PM and asked in this thread about the availability of coins and VICR contracts. Also, a few investors working with our partner ZoVolt Ltd want to be involved with the GadgetNet business ideas, help us to cover the development and infrastructure costs, and try out crypto investments by purchasing our VICR contracts.
From tomorrow the contracts will be available again for a 48 hours period until Saturday morning when we will terminate permanently the contract distribution process.

Please let us know if you have any issues with the BTC transactions or anything else during the purchase process and we will sort the problems out.


thanks dev, it's great you extended a bit.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 16, 2015, 12:58:12 PM
A few community members contacted us in PM and asked in this thread about the availability of coins and VICR contracts. Also, a few investors working with our partner ZoVolt Ltd want to be involved with the GadgetNet business ideas, help us to cover the development and infrastructure costs, and try out crypto investments by purchasing our VICR contracts.
From tomorrow the contracts will be available again for a 48 hours period until Saturday morning when we will terminate permanently the contract distribution process.

Please let us know if you have any issues with the BTC transactions or anything else during the purchase process and we will sort the problems out.


could you extend the contracts until next week? I know someone who is very interested to buy coins but he will get his money only end of next week.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 16, 2015, 01:14:19 PM
A few community members contacted us in PM and asked in this thread about the availability of coins and VICR contracts. Also, a few investors working with our partner ZoVolt Ltd want to be involved with the GadgetNet business ideas, help us to cover the development and infrastructure costs, and try out crypto investments by purchasing our VICR contracts.
From tomorrow the contracts will be available again for a 48 hours period until Saturday morning when we will terminate permanently the contract distribution process.

Please let us know if you have any issues with the BTC transactions or anything else during the purchase process and we will sort the problems out.


could you extend the contracts until next week? I know someone who is very interested to buy coins but he will get his money only end of next week.



The contracts will be available until the 18th of July, Saturday morning.
We must start working on the roll out of jizmmo and streemo and we would need to understand how much money we have to start those applications. Also the community requested to take the coin to the exchanges and we would need to understand what is the final number of available coins and start working on the exchange integration.

There will be plenty of opportunities later to buy GadgetCoin if someone is interested.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 16, 2015, 10:22:06 PM
Update

We really appreciate the complimentary comments regarding our white paper. Whether the comments come from the community or commercial players such as IBM and Samsung, it's a nice feeling when someone says something positive about our white paper. And today our white paper received even more flattering recognition. The W3C organization has invited us to work on the Web of Things initiative and contribute to the work of standardization and IoT device integration with the world wide web. It is really exciting and very much an honour that we will have the opportunity to work with professionals who shaped the world via their researches and contributions in the W3C organization over the last 3 decades.

We will take the concept of blockchain, authentication and access control based on the public private key infrastructure to W3C knowing that the Internet of Things revolution would benefit greatly from the innovation this digital currency community has been working on for years.

We will keep you updated regarding standards and open source releases.  



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 16, 2015, 10:42:39 PM
Update

We really appreciate the complimentary comments regarding our white paper. Whether the comments come from the community or commercial players such as IBM and Samsung, it's a nice feeling when someone says something positive about our white paper. And today our white paper received even more flattering recognition. The W3C organization has invited us to work on the Web of Things initiative and contribute to the work of standardization and IoT device integration with the world wide web. It is really exciting and very much an honour that we will have the opportunity to work with professionals who shaped the world via their researches and contributions in the W3C organization over the last 3 decades.

We will take the concept of blockchain, authentication and access control based on the public private key infrastructure to W3C knowing that the Internet of Things revolution would benefit greatly from the innovation this digital currency community has been working on for years.

We will keep you updated regarding standards and open source releases.  


nice,thank for the update


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 16, 2015, 10:48:36 PM
Bloody hell guys, that's a marvellous news. I always told here that the white paper is a superb material!

What is most important from GadgetNet viewpoint, the relation with W3C could open many doors because those W3C guys work with the CTOs of the word biggest companies.

And the armchair commentators who knows absolutely nothing about software development but doubt your software engineering and business skills can say whatever they want, your white paper which you put in the public domain, the working blockchain, smart contracts in the GDC wallet and the recognition from W3C speak for itself.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 17, 2015, 12:39:02 AM
Bloody hell guys, that's a marvellous news. I always told here that the white paper is a superb material!

What is most important from GadgetNet viewpoint, the relation with W3C could open many doors because those W3C guys work with the CTOs of the word biggest companies.

And the armchair commentators who knows absolutely nothing about software development but doubt your software engineering and business skills can say whatever they want, your white paper which you put in the public domain, the working blockchain, smart contracts in the GDC wallet and the recognition from W3C speak for itself.


This "armchair commentator" who knows little about software development, has only stated the absolute lack of viable business plan in this project. And, before celebrating and "mooning" wants to have proof the basic software actually works. There are over 1,000 working blockchains in crypto. And almost as many white papers of various degrees of "quality" in them. 95% of both are attached to failures and the other 5% have slim to none actual viability. So I keep saying, great if this works and progress is made IF and only IF the p2p works in a significant scale comparable to the commercial competition already established. When and only IF then it works properly, it would be time to list it as an asset; until then, it is just an idea, probably a very good one, but just an idea.

Which, in order to achieve some degree of success, will need of a carefully planned and well executed business plan.

It seems to me there's a very long road ahead before celebrations and "moonings" are called for. I will gladly join in the festivities. Then and there.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: meandme on July 17, 2015, 02:11:26 AM
Bloody hell guys, that's a marvellous news. I always told here that the white paper is a superb material!

What is most important from GadgetNet viewpoint, the relation with W3C could open many doors because those W3C guys work with the CTOs of the word biggest companies.

And the armchair commentators who knows absolutely nothing about software development but doubt your software engineering and business skills can say whatever they want, your white paper which you put in the public domain, the working blockchain, smart contracts in the GDC wallet and the recognition from W3C speak for itself.


This "armchair commentator" who knows little about software development, has only stated the absolute lack of viable business plan in this project. And, before celebrating and "mooning" wants to have proof the basic software actually works. There are over 1,000 working blockchains in crypto. And almost as many white papers of various degrees of "quality" in them. 95% of both are attached to failures and the other 5% have slim to none actual viability. So I keep saying, great if this works and progress is made IF and only IF the p2p works in a significant scale comparable to the commercial competition already established. When and only IF then it works properly, it would be time to list it as an asset; until then, it is just an idea, probably a very good one, but just an idea.

Which, in order to achieve some degree of success, will need of a carefully planned and well executed business plan.

It seems to me there's a very long road ahead before celebrations and "moonings" are called for. I will gladly join in the festivities. Then and there.

 there's a very long road ahead  ,  i agree with you


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 17, 2015, 05:03:31 AM
Anyone else unable to connect to the wallet?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 17, 2015, 11:33:13 AM
Bloody hell guys, that's a marvellous news. I always told here that the white paper is a superb material!

What is most important from GadgetNet viewpoint, the relation with W3C could open many doors because those W3C guys work with the CTOs of the word biggest companies.

And the armchair commentators who knows absolutely nothing about software development but doubt your software engineering and business skills can say whatever they want, your white paper which you put in the public domain, the working blockchain, smart contracts in the GDC wallet and the recognition from W3C speak for itself.


This "armchair commentator" who knows little about software development, has only stated the absolute lack of viable business plan in this project. And, before celebrating and "mooning" wants to have proof the basic software actually works. There are over 1,000 working blockchains in crypto. And almost as many white papers of various degrees of "quality" in them. 95% of both are attached to failures and the other 5% have slim to none actual viability. So I keep saying, great if this works and progress is made IF and only IF the p2p works in a significant scale comparable to the commercial competition already established. When and only IF then it works properly, it would be time to list it as an asset; until then, it is just an idea, probably a very good one, but just an idea.

Which, in order to achieve some degree of success, will need of a carefully planned and well executed business plan.

It seems to me there's a very long road ahead before celebrations and "moonings" are called for. I will gladly join in the festivities. Then and there.

Normally I couldn't care less who does what in this forum or which user goes to which thread, everyone is free to say and do whatever in this forum. As far as my concern, the issue is, that I know that you clearly understand that the handful supporters (including me) of this coin has financial interest in the success of this coin as we try to support this little-tiny project and we want to make money with this idea, so you understand this very well but you are keep coming back and banging on with your fixations.

I saw others are unhappy about your Paycoin scam involvement, and then I also read back whether you supported the Paycoin scam or not. Indeed when Garza was scamming his customers with the $20 nonsense then you were not pointing out the "absolute lack of viable business plan" nor you were concerned there about the "need of a carefully planned and well executed business plan", but you were cheerleading the scam exactly as these users said you did. It's a fact that you supported wholeheartedly the Paycoin scam. Just like others, I also read back your posts from January and February and it is very clear you were indeed shilling for the Garza's scam.
It seems when you have financial interest even if it is a scam you are not so worry about the "need of a carefully planned and well executed business plan". You are banging on the "need of a carefully planned and well executed business plan", but (again I read back as others did) indeed you had been supporting IconicExpert's coin. How the fuck such a shady and controversial person like IconicExpert could have a business plan at all? Hmmmm? It's same as if Bernie Madoff would roll out a business plan. Whatever good idea Maddoff would have there can't be a viable business plan based on his any ideas. Period. It seems when you have financial interest or whatever your agenda is then you conveniently ignore the "need of a carefully planned and well executed business plan".

Regardless from you moral and agenda, it was pointed out here clearly that there is a business plan for GadgetNet. GadgetNet will pay out 95% for broadcaster and I have broken the cost of streaming down to you. The unique selling point is the 95% pay out which is unprecedented in the industry and if you do business you should know that a business plan can be based on such a unique selling point. You also ignore the fact, that if there are viewers then there is advertising revenue which indeed strengthen the business plan. Moreover, you have been banging on the fucking P2P while it was pointed out you numerous time that the jizzmo model is using hybrid RTMP model - that's why you need streaming node servers. Despite it (the hybrid RTMP model) was explained to you several times here, you understand virtually nothing from the technology, but you keep coming here with your fixations about that P2P doesn't work yet.

Moreover and probably most importantly, since Zovolt and W3C is in the picture, the dependence on the jizzmo site and adult theme is less significant and the generic IoT aspect of the business plan is very relevant, and that is a fucking marvellous news. The white paper say nothing about P2P video but it is about a generic IoT framework - precisely what industrial integrators like Zovolt or professioanl bodies such as W3C are looking for.

Finally, your comment about the white paper is just the full ignorance of facts. The fact is that from the 1,000 published white papers that you have mentioned only a very few, maybe 5 contains novel and business worthy concept. One of the few is for example Dr Gavin Wood's Ethereum papers which is a quality material from a fine scientist. Other quality white paper (terms of the tech content) is what these developers published - that's why W3C invited these guys to join to the WoT program.
On the other day, you were making arrogant comments here and implying that the developers are a bunch of idiots who don't even consider addressing the test or scalability requirements. And then W3C thinks the developers are good enough to be invited to join WoT.

The handful supporters of this project happy with the direction and what the developers achieved so far such as the recognition from W3C or the partnership with Zovolt as well as with the business plan.

From your public comments it seems to me you are the supporter of Mangocoinz. Good luck with Mangocoinz to shake the phone, spin it over your head in a sock or whatever the use case and business plan are there and sell the application as a gym application when gym users don't use it at all. I am sure that will be a more successful business, the developers know there who to develop software and you will be making millions with that coin which I am sure has a "viable business plan". Really, good luck to you there. I wish you the best, since you are so experienced and it seems you know everything about technology businesses you will be very successful, but I ask you politely, please don't troll this thread any more which thread and project is important for the handful of users, the supporters of this coin.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 17, 2015, 12:03:32 PM

Moreover and probably most importantly, since Zovolt and W3C is in the picture, the dependence on the jizzmo site and adult theme is less significant and the generic IoT aspect of the business plan is very relevant, and that is a fucking marvellous news. The white paper say nothing about P2P video but it is about a generic IoT framework - precisely what industrial integrators like Zovolt or professioanl bodies such as W3C are looking for.


Thank you for your enthusiastic support and kind words about the GadgetNet idea.

You have made an important point regarding the generic IoT framework. The jizzmo application is only one use cases from the many that the platform can support. The main goal has been from the beginning to develop a generic, blockchain based Internet of Things platform.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 17, 2015, 12:42:19 PM

Moreover and probably most importantly, since Zovolt and W3C is in the picture, the dependence on the jizzmo site and adult theme is less significant and the generic IoT aspect of the business plan is very relevant, and that is a fucking marvellous news. The white paper say nothing about P2P video but it is about a generic IoT framework - precisely what industrial integrators like Zovolt or professioanl bodies such as W3C are looking for.


Thank you for your enthusiastic support and kind words about the GadgetNet idea.

You have made an important point regarding the generic IoT framework. The jizzmo application is only one use cases from the many that the platform can support. The main goal has been from the beginning to develop a generic, blockchain based Internet of Things platform.


go Gadget, go guys! Internet of Things is the future and if W3C is interested then Gadgetnet is in business  :)




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 17, 2015, 05:31:12 PM
Bloody hell guys, that's a marvellous news. I always told here that the white paper is a superb material!

What is most important from GadgetNet viewpoint, the relation with W3C could open many doors because those W3C guys work with the CTOs of the word biggest companies.

And the armchair commentators who knows absolutely nothing about software development but doubt your software engineering and business skills can say whatever they want, your white paper which you put in the public domain, the working blockchain, smart contracts in the GDC wallet and the recognition from W3C speak for itself.


This "armchair commentator" who knows little about software development, has only stated the absolute lack of viable business plan in this project. And, before celebrating and "mooning" wants to have proof the basic software actually works. There are over 1,000 working blockchains in crypto. And almost as many white papers of various degrees of "quality" in them. 95% of both are attached to failures and the other 5% have slim to none actual viability. So I keep saying, great if this works and progress is made IF and only IF the p2p works in a significant scale comparable to the commercial competition already established. When and only IF then it works properly, it would be time to list it as an asset; until then, it is just an idea, probably a very good one, but just an idea.

Which, in order to achieve some degree of success, will need of a carefully planned and well executed business plan.

It seems to me there's a very long road ahead before celebrations and "moonings" are called for. I will gladly join in the festivities. Then and there.

Normally I couldn't care less who does what in this forum or which user goes to which thread, everyone is free to say and do whatever in this forum. As far as my concern, the issue is, that I know that you clearly understand that the handful supporters (including me) of this coin has financial interest in the success of this coin as we try to support this little-tiny project and we want to make money with this idea, so you understand this very well but you are keep coming back and banging on with your fixations.

I saw others are unhappy about your Paycoin scam involvement, and then I also read back whether you supported the Paycoin scam or not. Indeed when Garza was scamming his customers with the $20 nonsense then you were not pointing out the "absolute lack of viable business plan" nor you were concerned there about the "need of a carefully planned and well executed business plan", but you were cheerleading the scam exactly as these users said you did. It's a fact that you supported wholeheartedly the Paycoin scam. Just like others, I also read back your posts from January and February and it is very clear you were indeed shilling for the Garza's scam.
It seems when you have financial interest even if it is a scam you are not so worry about the "need of a carefully planned and well executed business plan". You are banging on the "need of a carefully planned and well executed business plan", but (again I read back as others did) indeed you had been supporting IconicExpert's coin. How the fuck such a shady and controversial person like IconicExpert could have a business plan at all? Hmmmm? It's same as if Bernie Madoff would roll out a business plan. Whatever good idea Maddoff would have there can't be a viable business plan based on his any ideas. Period. It seems when you have financial interest or whatever your agenda is then you conveniently ignore the "need of a carefully planned and well executed business plan".

Regardless from you moral and agenda, it was pointed out here clearly that there is a business plan for GadgetNet. GadgetNet will pay out 95% for broadcaster and I have broken the cost of streaming down to you. The unique selling point is the 95% pay out which is unprecedented in the industry and if you do business you should know that a business plan can be based on such a unique selling point. You also ignore the fact, that if there are viewers then there is advertising revenue which indeed strengthen the business plan. Moreover, you have been banging on the fucking P2P while it was pointed out you numerous time that the jizzmo model is using hybrid RTMP model - that's why you need streaming node servers. Despite it (the hybrid RTMP model) was explained to you several times here, you understand virtually nothing from the technology, but you keep coming here with your fixations about that P2P doesn't work yet.

Moreover and probably most importantly, since Zovolt and W3C is in the picture, the dependence on the jizzmo site and adult theme is less significant and the generic IoT aspect of the business plan is very relevant, and that is a fucking marvellous news. The white paper say nothing about P2P video but it is about a generic IoT framework - precisely what industrial integrators like Zovolt or professioanl bodies such as W3C are looking for.

Finally, your comment about the white paper is just the full ignorance of facts. The fact is that from the 1,000 published white papers that you have mentioned only a very few, maybe 5 contains novel and business worthy concept. One of the few is for example Dr Gavin Wood's Ethereum papers which is a quality material from a fine scientist. Other quality white paper (terms of the tech content) is what these developers published - that's why W3C invited these guys to join to the WoT program.
On the other day, you were making arrogant comments here and implying that the developers are a bunch of idiots who don't even consider addressing the test or scalability requirements. And then W3C thinks the developers are good enough to be invited to join WoT.

The handful supporters of this project happy with the direction and what the developers achieved so far such as the recognition from W3C or the partnership with Zovolt as well as with the business plan.

From your public comments it seems to me you are the supporter of Mangocoinz. Good luck with Mangocoinz to shake the phone, spin it over your head in a sock or whatever the use case and business plan are there and sell the application as a gym application when gym users don't use it at all. I am sure that will be a more successful business, the developers know there who to develop software and you will be making millions with that coin which I am sure has a "viable business plan". Really, good luck to you there. I wish you the best, since you are so experienced and it seems you know everything about technology businesses you will be very successful, but I ask you politely, please don't troll this thread any more which thread and project is important for the handful of users, the supporters of this coin.



This is getting to a point of stupid nonsense that simply has to stop, ok?

First of all, EVERY coin has a handful or a multitude of people with financial interest in them. Every single one. That hasn't stopped you -nor it should- from being critical of several of them. Because, in honest projects, we want to be as critical as possible, to avoid excessive absurd expectations and, above all, white or no so white papers whose content is not or cannot be delivered, right? This is no exception.

Second of all, you may choose to believe or interpret whatever way suits you, my postings about PayCoin. Once again, I was never a supporter, much less a shill like you characterized me, nor I have ever been of ANY and ALL projects, including Mango -of which I am also a very critical supporter AND investor-, of PayCoin and much less of Garza whom I have always characterized as egotistical maniac and simply stupid, all of which has not only been confirmed but applies fully to this day. In any case, whether you choose to characterize those postings one thing or the other, it hardly applies or even belongs in here and, frankly, it only is a way for you to antagonize me to serve your own agenda which, in this case, is to be a head cheerleader of this project... which is fine and dandy, although 100% wrong for you are possibly the less indicated individual in all of crypto to be a blind cheerleader, for it shines a very dim and negative light on YOU, not on me.

I am not going to stoop, for now, to your maniacal levels but I'll address the issues. And the issue is blind and quite stupid faith in a project with unknown developers whom you happen to know, precisely for their lack of experience, which makes your recommendations even more suspect and dangerous, just like your totally unjustified enthusiasm. You are welcome to it, of course, but most discerning individuals would take it, as they should, with quite a few grains of salt, alright? And that includes me. Who may or may not be interested in this PUBLIC project. Certainly NOT at the moment but, if everything is in the up and up, why not? Or are you just interested in hiping an idea without any basis in proven facts whatsoever to financially benefit at the expense of others? I didn't think you swung that way but, apparently, I was mistaken.

I wish these guys, whoever they are, from wherever they are, can come through with their ideas and project and make it a blockbuster. I also wish that you make a fortune along the way, as you should, for your support and financial investment. I'd be in line to celebrate and, perhaps, also as an investing participant. But, along the way, I will be following it, scrutinizing it, and posting about it. The good, the bad and the ugly, just like I do with other projects in which for one reason or another, I am interested. Whether you like it or not. Whether you choose to keep antagonizing me or not.

And I will continue being critical of blind, stupid cheerleading, whether with financial interest or not.

You claim to have some technical expertise, I don't know or have any proof of it; I do have proof of your exceptionally unfortunate track record as far as investing in crypto goes, so it stands to reason that even if you are enthusiastic about the claimed technical potential objectives, you would tamper, quite a bit in fact, your rhetoric both about me and about the profit potential of this project for, quite frankly, it is counter productive.  

But, if you are so desperate for avoiding critical views, you can always try and convince the devs to close the thread, start a new, censored, one and get them to delete my posts. Just a suggestion, before you get a heart attack or something.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: NoFudOnlyFacts on July 17, 2015, 06:22:16 PM
ROFL ...ROFL, barabbas and altcoinuk the two best buddies, the Vericoin trolls

cat fight between Laurel and Hardy., barabbas says altcoinuk is the scammer, altcoinuk says barabbas is a the scammer

ROFL ...ROFL,


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 17, 2015, 06:50:39 PM
altcoinuk, please don't answer this jobless actor. you are not going to convince him, he doesn't like Gadgetcoin and only post FUD.
real people work with this coin

http://www.meetup.com/Hereford-Bitcoin-Meetup/members/160416692/

The actor is sick in head, goes from thread to thread to troll and FUD





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 17, 2015, 07:15:15 PM
altcoinuk, please don't answer this jobless actor. you are not going to convince him, he doesn't like Gadgetcoin and only post FUD.
real people work with this coin

http://www.meetup.com/Hereford-Bitcoin-Meetup/members/160416692/

The actor is sick in head, goes from thread to thread to troll and FUD


Yeah, I am enthusiastic about the IoT technology and business ideas of this coin as well as a VICR investor I would like to see the community support increase for the coin (that could bring viewers to the video sites), and when the negativity appears then I try to explain what the project is all about. Which is quite unnecessary and I can see that my long winded enthusiastic replies do more harm than good.

Keep up the good work and see you all in a few days time!





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 17, 2015, 09:20:13 PM
can we setup a Slack forum?
This forum is not good place to discuss the studio setup, VICR.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: fartbags on July 18, 2015, 07:51:42 AM



GDC is the abbreviation of GrandCoin. This coin should change it's abbreviation. It's confusing.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: fartbags on July 18, 2015, 07:55:40 AM



So this is a 100% premined coin?




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 18, 2015, 09:24:11 AM



So this is a 100% premined coin?




There are no premined GadgetCoins. All existing GadgetCoins was forged sine 26th June, 2015 and by VICR contracts (except 1,000 GDC on the 30th Jun, 2015 which ores was deposited to 2 long time supporters who help us with marketing and will be running stream server nodes, it was 2 x 500 ore deposits).

Thanks for pointing out the name issue. We were not aware of Grandcoin. We well talk to the exchanges before we list the coin what names are available, perhaps GDCC?



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zrunfeng on July 18, 2015, 12:03:19 PM
dev,the wallet does not work sometimes,and i have not join in the ipo,the ipo time can be extended?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 18, 2015, 12:24:56 PM
dev,the wallet does not work sometimes,and i have not join in the ipo,the ipo time can be extended?

We are looking into the wallet issue, but it seems all issues so far were hardware related, though since this is a completely new system probably there will be some software issue until the system is more robust.
We had a system outage this week, it wasn't an application error but our server provider without a reasonable timed notice turned off the load balancer, turned off the servers and started moving around the hardware. Once we have our own data centre this issues could be handled better, and there will be less and less such problems.

There will be an update regarding the VICR contracts soon.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 18, 2015, 12:27:11 PM
Update

The sale of VICR contracts has been terminated. All VICR contracts and coin distribution data are in the blockchain.

Thank you very much for your support. We will work very hard and do everything we can to provide our supporters with a healthy ROI on their VICR investment.
In first step, the VICR locked GDC purchase price will be increased.  The end users of GadgetNet will have to pay US$ 5.00 per GDC instead of US$ 1.00, and the price will increase to US$ 10.00 later this year. The growing interest from industrial and system providers in GadgetNet allows a more aggressive pricing policy and charge end users US$ 5.00 per GDC instead of US$ 1.00 which is the original minimum target price of the contract.

The total number of GadgetCoins exist 97,210 (the OP of this thread is updated wit this final figure). With the exception of 1,000 GDC the whole existing supply was forged by the VICR contracts.

As we stated earlier in this thread no more coin forging will be allowed until the VICR contracts are fully paid off, until all VICR coins are purchased from the VICR owners and all coins are burned.

We will be inviting the VICR owners to a Slack thread to discuss pricing policy, system and business development topics. Please monitor your wallet as the message regarding this will be sent to your GDC wallet account.

Now we start working on the exchange integration and finalizing the code for the open source wallet.

We have been working hard on a deal this week with a system integrator and with regards to this matter a press release with a very good news will be out next week.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 18, 2015, 01:24:56 PM
wow, thanks Devs! good news only 97000 coins total supply!!!!

If anybody need to close the GDC position, need money, can't wait for the contract and exchange integration and want to sell the GDC I am happy to help! I pay USD 0.26-0.30 depending on volume.
Please PM me if you need to sell your coins and need my help.





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 18, 2015, 01:58:11 PM
wow, thanks Devs! good news only 97000 coins total supply!!!!

If anybody need to close the GDC position, need money, can't wait for the contract and exchange integration and want to sell the GDC I am happy to help! I pay USD 0.26-0.30 depending on volume.
Please PM me if you need to sell your coins and need my help.



you will be the pawn shop of gadgetcoin?  :D  somebody who need the money quickly can sell you for 0.3 USD price.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 19, 2015, 12:54:05 AM
Update

The sale of VICR contracts has been terminated. All VICR contracts and coin distribution data are in the blockchain.

Thank you very much for your support. We will work very hard and do everything we can to provide our supporters with a healthy ROI on their VICR investment.
In first step, the VICR locked GDC purchase price will be increased.  The end users of GadgetNet will have to pay US$ 5.00 per GDC instead of US$ 1.00, and the price will increase to US$ 10.00 later this year. The growing interest from industrial and system providers in GadgetNet allows a more aggressive pricing policy and charge end users US$ 5.00 per GDC instead of US$ 1.00 which is the original minimum target price of the contract.

The total number of GadgetCoins exist 97,210 (the OP of this thread is updated wit this final figure). With the exception of 1,000 GDC the whole existing supply was forged by the VICR contracts.

As we stated earlier in this thread no more coin forging will be allowed until the VICR contracts are fully paid off, until all VICR coins are purchased from the VICR owners and all coins are burned.

We will be inviting the VICR owners to a Slack thread to discuss pricing policy, system and business development topics. Please monitor your wallet as the message regarding this will be sent to your GDC wallet account.

Now we start working on the exchange integration and finalizing the code for the open source wallet.

We have been working hard on a deal this week with a system integrator and with regards to this matter a press release with a very good news will be out next week.



$5 is better than $ 1 :) thanks devs, good job!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 19, 2015, 05:52:16 AM
Great job!

So there isn't a reason to keep the ore and not forge the GDC right?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 19, 2015, 10:12:52 AM
Great job!

So there isn't a reason to keep the ore and not forge the GDC right?

There is no point to keep the ores as it is, and the ore should be forged into GDC.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: CryptoLana on July 20, 2015, 06:12:09 AM
is the ticker GDC not already taken by grandcoin ???


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 20, 2015, 09:05:05 PM
is the ticker GDC not already taken by grandcoin ???

I tried to answer this above at July 18, 2015, 09:24:11 AM.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 20, 2015, 10:36:35 PM
GDGC and GDGT may be good tickers to replace GDC and GDT.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 21, 2015, 09:54:01 AM
GDGC and GDGT may be good tickers to replace GDC and GDT.



Thanks chocobo for the excellent suggestions! I will discuss it with the developer team as well as with the community, but the GDGC sounds good and we can suggest that to the exchanges.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: unusualfacts30 on July 21, 2015, 10:00:17 AM
now this looks very interesting. which exchange is it on?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 21, 2015, 10:12:23 AM
Development Update

This week we will be working on the following

  • There are already two concrete inquiries from adult studios who have created accounts on jizzmo. We will work with the studios to set up their profile and gather all information to comply with laws and regulations. The start of jizzmo platform won't be an overnight process, but we believe slowly but surely we can create a successful and popular adult web-cam platform there.
  • Completing and rolling our the 2FA authentication at wallet.gadgetcoin.org.
  • Designing device drivers to handle specific devices such as CCTV security surveillance on the GadgetNet network. The camera devices from the Far East manufacturers are completely closed and all modifications are challenging tasks and take extra time, but we believe having a ready to use CCTV and home camera portfolio will put GadgetNet in a very competitive position on the security surveillance front
  • Working on the open source wallet
  • Setting up the Slack forums
  • Drafting and publishing a press release with a news that we think is a very exciting one




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 21, 2015, 10:22:36 AM
now this looks very interesting. which exchange is it on?

Thanks for your interest.

We are not on the exchanges yet. Once we roll out the open source wallet then we will apply to be listed on the major exchanges.
If that's what you want, perhaps you can buy coins before GadgetCoin goes to the exchanges, it seems coin owners already started to trade the coins in this thread.

It's a bit worrying what the exchanges will do to the coin price, but as we stated, regardless of the exchange price the broadcasters and industrial users will have to pay the network fee by buying the coin on a minimum of US 5.00 per GDC (GDGC) rate.






Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mingzi1521 on July 22, 2015, 03:13:28 AM
Want some coin. PM me please.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 22, 2015, 11:38:36 AM
Want some coin. PM me please.

i want to buy too, but everyone is holding and nobody is selling.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: tiggytomb on July 22, 2015, 11:43:20 AM
I'm sure Yobit will pick this up and destroy the price before it rises to a reasonable level so I will wait until then


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 22, 2015, 11:47:15 AM
Want some coin. PM me please.

i want to buy too, but everyone is holding and nobody is selling.


Not everyone ...

https://twitter.com/altcoinUK/status/623640614551318529



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 22, 2015, 12:00:12 PM
Want some coin. PM me please.

i want to buy too, but everyone is holding and nobody is selling.


Not everyone ...

https://twitter.com/altcoinUK/status/623640614551318529



what??? is altcoinUK exiting???????



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 22, 2015, 12:37:51 PM
Want some coin. PM me please.

i want to buy too, but everyone is holding and nobody is selling.


Not everyone ...

https://twitter.com/altcoinUK/status/623640614551318529



what??? is altcoinUK exiting???????




That was not an exit :-)))))

Quite the opposite - I am strengthening my investment by bringing new people into the project. I sent the white paper to a technology friend some times ago and I showed him the streemo site yesterday, explained the economics how the broadcasters, CCTV cameras and other end users must pay the network fee by buying the GDC for USD 5-10 price, then he said very cool, he wants to get in. I have a lot more than that 2,000 which I sold, and again the selling was to bring a guy in who can help in bringing new industrial users (who use the platform and pay the network fee) into GadgetNet. Actually, I could sell more than that 2,000, but I am not selling any more now. Of course I am looking for an exit at some stage, that's the ultimate purpose of any investments, but not now, later when the coin get to USD 20 or more. I can wait a year for a 10,000% ROI.

The big issue with this project is, that it is not popular in the crypto community so if we want to make money with this then we will have to bring new users from outside crypto, not least because real world usage will give the real value for the coin. Real world users means the coin price is based on a real demand instead of hype.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 22, 2015, 01:00:51 PM
I'm sure Yobit will pick this up and destroy the price before it rises to a reasonable level so I will wait until then

Yeah, I can see there will be short term (24 hours) ups and downs on the exchanges, but I doubt any exchanges can destroy the price in longer term if the developers deliver, and as we are not talking about rocket science, the platform is deliverable and the GadgetNet business model should work.

Once end users start to pay the network fee and their internal network fee pay contract will be enforced by the system on a US$ 10 price later this year, then I can't see the coin will be less than US$ 5-6 on the exchanges. That is an 2000% ROI.

Of course, if the ideas about GadgetNet, streemo and jizzmo don't work then the real value of this coin will be zero just like the real value of other 1,000 coins is zero, which used by no real world applications.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 22, 2015, 03:29:22 PM
Together with our UK based industrial partner ZoVolt Ltd we are entering the 10 million Pounds Internet of Things competition. We will compete there with our blockchain based IoT solution and IoT micropayments framework.

http://www.wired.co.uk/news/archive/2015-07/13/internet-of-things-competition

The UK government will open a dedicated web site for this competition where the public can vote for the projects. Please support and vote for us once the competition web site is operational!






Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 23, 2015, 04:02:00 AM
The two-factor authentication has been enabled. There is a menu item "2F Authentication" under the "Account" menu, you can start setting up the 2FA by clicking on the menu.
Currently it supports Google Authenticator. Please scan the QR code with your smart phone and proceed as usual using Google Authenticator.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Edward_Cryptonit on July 23, 2015, 09:37:22 AM
Thanks for this important feature. Btw. did anybody manage to make it work? Have already installed it, but not able to enter wallet anymore. After entering username/pass the system does not ask the 2FA code and simply sends to index page.

Regards.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 23, 2015, 10:03:05 AM
Thanks for this important feature. Btw. did anybody manage to make it work? Have already installed it, but not able to enter wallet anymore. After entering username/pass the system does not ask the 2FA code and simply sends to index page.

Regards.

Thanks for reporting the issue and trying out the 2FA feature. It seems from the logs that several users use the 2FA feature already and I can't see errors in the log file, but the fact it doesn't work for you is definitely worrying.

Could you please try to refresh the browser with an F5 and apologize for suggesting that if you have already tried.

We tested it on Chrome, IE and Firefox, but after the refresh and perhaps clearing the cache still doesn't work for you than we will look into this again.

Please let me know how it goes.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 23, 2015, 10:08:03 AM
Thanks for this important feature. Btw. did anybody manage to make it work? Have already installed it, but not able to enter wallet anymore. After entering username/pass the system does not ask the 2FA code and simply sends to index page.

Regards.

my browser is Internet Explorer and I logged in with the 2F authentication. I scanned the qr and after it's always asking the 6 digit code.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 23, 2015, 10:23:19 AM
Thanks for this important feature. Btw. did anybody manage to make it work? Have already installed it, but not able to enter wallet anymore. After entering username/pass the system does not ask the 2FA code and simply sends to index page.

Regards.

I am using Chrome and 2FA works fine for me. The 2FA window is popping up. I can't login if an incorrect code is entered, and the login is successful if the code is valid.







Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 23, 2015, 12:50:36 PM
i like the 5 USD price on the wallet graph  ;D


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 23, 2015, 03:09:31 PM
When the coin will be on the exchanges and on which one?




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 23, 2015, 03:22:47 PM
When the coin will be on the exchanges and on which one?



We can't give you an exact date, but I would think soon.  

We will submit applications to multiple exchanges to list the coin. There are many smaller exchanges with very nice UI, feature set, good security and multiple payment methods such as this one at http://cryptonit.net/ we should apply there too.







Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: threedaymonk on July 23, 2015, 05:35:25 PM
I am interested in selling some of my GDC, pm me with offers.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 23, 2015, 08:22:45 PM
I am interested in selling some of my GDC, pm me with offers.


I sent you a PM with my offer.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Edward_Cryptonit on July 23, 2015, 08:40:34 PM
Thanks for this important feature. Btw. did anybody manage to make it work? Have already installed it, but not able to enter wallet anymore. After entering username/pass the system does not ask the 2FA code and simply sends to index page.

Regards.

I am using Chrome and 2FA works fine for me. The 2FA window is popping up. I can't login if an incorrect code is entered, and the login is successful if the code is valid.







Thanks for a follow up. Managed to make it work,

Regards.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: delulo on July 24, 2015, 03:47:12 PM
Lots to read here :)

First of all, thank you for what seems like a serious project with a long term perspective! IoT is a big one! I just read this report yesterday: http://www.finextra.com/finextra-downloads/newsdocs/The%20Fintech%202%200%20Paper.PDF

A few questions:
1. Do you plan to make your names public (sometimes in the future (when a company has been built))?
2. How are the plans to monetize the project? Through a consultancy model? Through forging and owning GDC?
3. What gives value to the gadgetcoins? Only that they are burned when the gadget blockchain is used?
4. What is the supply curve for forging GDC? Is it linear?
5. Since the big guys (IBM etc.) are working on this too. What would you say is your competitive advantage? What use cases are you targeting that suit your competitive advantage and that IBM etc. are maybe not targeting?

Lots of questions I know. You don't have to answer all of them, especially if you are not comfortable answering them! :) But I am very interested in what you do!



Thanks for your questions and great to see you in this thread!

Thanks for pointing out the Fintech document. We sent just recently a brochure to Santander to offer our consultancy service in distributed ledgers, device micropayments and assist the banks to implement blockchain based ledgers. This leads to the answer of your question 2. The plan is to monetize
a) by providing consultancy services for financial institutions and mainly to IoT system integrators who wish to build services on the GadgetNet blockchain. The adult and gamers themes are important for the project, but in long term we would like to be a generic IoT blockchain to enable the implementation of all type of professional and industrial services on the GadgetNet blockchain. Then, we will be there to assist bussinesses with our consultancy service.
b) From advertisements. Amazon's 1 billion dollar investment in twitch.tv indicates that there is money in live video streaming advertisements. We can do a few things better than twitch.tv does and we believe we can generate advertisement revenue on the platform, in both with the adult service jizzmo.net and the gamers service streemo.net.

As for other questions
1) Once the live streaming and FIAT processing start at the end of July, a legal and properly formed business must involve with the project, and then the participants will be known, though some of the developers wish to keep contributing anonymously.

3) I think what gives value to GDC are that the coins will be burned upon purchasing them from the coin holders as well as the real use case triggered ongoing demand will presumably establish a trust, and the public trust probably will increase the price

4) I am not sure if I understand correctly the economics of this, but I believe it is not linear, with increasing number of broadcasters it will be an increasing forging process

5) It is always a slippery slope for noname, start-up software developers to explain how we will take on IBM, Oracle and Microsoft - regardless of this we can't wait for the opportunity of the demonstrating of our over ambitious plan, so the answer is, of course we will be able to compete with IBM  :) On the serious note, we believe IBM has overlooked two very important aspects of the system design, and it seems IoT system integrators agree with us on this.

a) the system must be able to comply with laws and regulations such as money laundering regulations, and must be accessible to law enforcement if and when it is required. Without this no IoT system integrator nor real world business will touch the IoT blockchain. Of course one can run GadgetNet without enabling those modules and serve the darknet, but we designed the system that the default configuration is to comply with regulations and law enforcement. IBM's ADEPT system simply doesn't do that. Of course one can build services on the IBM system to satisfy regulatory requirements but GadgetNet does this by default (that's why we have centralized trusted nodes by default)

b) The bigger issue with IBM's sytem is, they overlooked the requirement for privacy. IoT system integrators won't touch the system when financial data is traceable in the block chain and an observer can figure out e.g. a CCTV camera activities and performed how much transactions and when. Gadgetnet address this issue by introducing the private/public blockchain concept. We explained this in our white paper and in our blog at http://bit.ly/1FXIihV.

We shared our view on regulatory and privacy requirements with Paul Brody, chief scientist of IBM and I think they are thinking about how to progress (though Brody is already gone to EY).

I am sorry for the long winded reply, but these are important questions.


Thanks a lot for your answers! I find the project very refreshing and I am pleased to see that you not only develop technology but are focused on actual use cases.

Isn't there a contradiction between the following two sentences:
Quote
Broadcasters pay the network fee in GadgetCoin, and therefore first they must buy GadgetCoin to pay the network fee. This is handled automatically behind the scenes by the system. Since GadgetCoins can be obtained only by forging the coins, without forging the network simply does not work. (
from http://blog.gadgetcoin.org/2015/06/gadgetnetwork-forging-economy-explained/).

Is it correct that there is no limited supply / predictable supply curve for Gadgetcoin? In other words: Will the return always be limited to the 300% gain from buying ore via a VICR contract to selling them latter on the market where demand is created by models (or other users of the network) that have to pay a 5% network fee in Gadgetcoins? Or is the supply limited and and the price per Gadgetcoin to pay the 5% fee varies?

http://blog.gadgetcoin.org/2015/06/gadgetnets-publicprivate-blockchain-concept/ I didn't fully get this. I understand and agree with your analysis on privacy requirements with IoT applications but I didn't understand how your realize privacy but still use a blockchain? You didn't explain how the public and the private blockchains you mention are used within the system (bigger picture).


Let me try to summarize what you have developed / offer:

Since you have a p2p protocol for sharing video streams I would be curious what you think about this: https://github.com/bytemaster/bytemaster.github.io/blob/master/_posts/2015-01-10-Thoughts-on-MaidSafe-and-an-Alternative-Approach.md It's been a wile since I read it but as far as I remember it says that the only advantage of doing file sharing via a p2p network is being cencorship resistant but even that could be achieved with a centralized solution (see the article). I'd add security/privacy as an advantage here.
 
Related:
Quote
media server nodes can assist in propagating the data until several users connect, at which point the node will remove itself and let the users take over, thus achieving “true P2P”. The more viewers connect the more stable the quality of the stream becomes. The entire point of this is naturally to eliminate the high server costs normally associating with streaming HD video.
(source: http://blog.gadgetcoin.org/2015/06/gadgetnetwork-p2p-streaming-explained/)  and
Quote
Services like LiveJasmin or MyFreeCams take huge cuts off the streamers mainly due to the having to cover high server costs.
(source: http://blog.gadgetcoin.org/2015/06/gadgetnetwork-p2p-streaming-explained/)
-> Is it really that sever costs with a centralized server are higher than with a p2p streaming network and if so are the server costs really the main reason why networks like livejasmin take such high percentages?


Does someone watching a stream over the Gadget-network have higher upstream traffic than when watching the stream from a centralized server? Wouldnt that have to be taken into account into the overall cost / efficiency calculation?


Where can I see the code?



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 25, 2015, 02:16:46 AM

Is it correct that there is no limited supply / predictable supply curve for Gadgetcoin? In other words: Will the return always be limited to the 300% gain from buying ore via a VICR contract to selling them latter on the market where demand is created by models (or other users of the network) that have to pay a 5% network fee in Gadgetcoins? Or is the supply limited and and the price per Gadgetcoin to pay the 5% fee varies?


The latest one. The VICR contracts are not available any more, the number of coins are limited to 97,000 and this number will be decreasing due to the buy back & burn process. It is entirely possible that if the platform will be doing well and will be popular, and in the meantime the forging will be low then the Gadgetcoin price could go very-very high. Let say if there will be only 10,000 coins and there are thousands of users who must pay network fee then the price of GDC must be adjusted to reflect the supply/demand ratio in the price. We are working on a pricing algorithm - this will be a public contract in the blockchain - which will take into account supply, demand as well as exchange prices to determine the price that the end-users (broadcasters) must pay for a Gadgetcoin.


http://blog.gadgetcoin.org/2015/06/gadgetnets-publicprivate-blockchain-concept/ I didn't fully get this. I understand and agree with your analysis on privacy requirements with IoT applications but I didn't understand how your realize privacy but still use a blockchain? You didn't explain how the public and the private blockchains you mention are used within the system (bigger picture).


You are quite right that this (too) has not been explained clearly, and we are working on a new version of the white paper to address this topic among others.
If you check the blockchain explorer that will probably explain how the system implements the public/private blockchain concept. The blockchain in GadgetNet is a financial and contract ledger. For example, all VICR contracts are in the blockchain, and when you look at your own VICR contracts then you can see all details as all data are exposed to the UI - we say, this is your private blockchain when all financial details are visible for yourself, the owner of the transaction. If you create an other user account and you log in using that account, then you will see the account details of your purchase are not in the public blockchain. You will see someone paid x amount for the VICR contract, but in order to protect the privacy of the payee, the account name is not revealed (nor the public key based signature which would allow data mining and figuring out who is the owner). On the other hand, the recipient of the VICR money is fully auditable, but the VICR is a special case because we wanted to make the process absolutely transparent. With the video broadcasting, perhaps understandably, the models' earnings won't be public, but the total earnings all models will be transparent in the public blockchain, so the users will be able to audit how much network fee must be collecting each day.
In a nutshell, the private/public blockchain is the presentation of data based on access control policies - others have no right to review how much e.g. adult content you have purchased. It is in the blockchain that a user bought some adult content from an other user, but the details of the transaction are only visible to the parties of the transaction.
Thanks for raising this point, experts are working on clarifications with regards to this topic for the white paper which will be hopefully cleaner than the above explanation.


Since you have a p2p protocol for sharing video streams I would be curious what you think about this: https://github.com/bytemaster/bytemaster.github.io/blob/master/_posts/2015-01-10-Thoughts-on-MaidSafe-and-an-Alternative-Approach.md It's been a wile since I read it but as far as I remember it says that the only advantage of doing file sharing via a p2p network is being cencorship resistant but even that could be achieved with a centralized solution (see the article). I'd add security/privacy as an advantage here.


That's absolutely right, the privacy and security is a USP. We are working on a nice application that uses I2P and P2P, this will be particularly useful for investigating journalists and a whistleblowers, or at the other side of the fence for military and security agents - there is no central server, noe Skype, no Viber and the video session is untraceable using I2P, P2P and encrypted streams. P2P, PPK infrastructure and I2P allows full anonymity, the data integrity is guaranteed as well as the data being secured.

However, the big one is not this, but the scalability. Bytemaster, Daniel Larimer is a genius but I assume live video streaming isn't his main area of expertises and probably he hasn't realized that the main problem with centralized live video streaming such as Ustream, twitch.tv and Wowza that centralized live stream can't scale very well. Even VOD streaming (Netflix) required a billion dollar investment to have the infrastructure to serve millions of users and that is not live but "only" VOD. Millions of servers would be required to broadcast the Olympic opening ceremony to several hundreds million viewers, and hundreds of thousands servers to live stream the Super Bowl if that would be Internet based broadcasting and such infrastructure just doesn't exists. P2P live video streaming solves the scalability issue. Some users in this thread quoted the inventor of bittorrent Bram Cohen (please see the links), and we agree with him that P2P live streaming can revolutionize the whole TV industry

http://bit.ly/1HQxZUa
http://bit.ly/1KSaZEX


Where can I see the code?

Soon at github. We will be rolling it out step by step. This is a system written from scratch and we want to make sure that a stable content is released.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 25, 2015, 01:58:27 PM
Dev! I don't think you can beat the TV industry! We need realistic plans!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 25, 2015, 02:16:27 PM
Dev! I don't think you can beat the TV industry! We need realistic plans!


It's like the story of two guys running from a bear. If you are one of the guys you don't have to outrun the bear - you just have to outrun the other guy.

We are realistic and we understand in step one we don't have to beat the big bear, the TV industry. First, we aim to provide better live video streaming than Ustream, Wowza and twitch.tv services are. The open source, P2P, decentralized GadgetNet will be able to offer significantly cheaper and some magnitudes scalable live video streaming than the centralized providers.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 27, 2015, 12:59:00 AM
Based on user comments and recommendations we have made some changes on the 2FA feature of the wallet.
Thanks for the comments and feedbacks, it helps a lot in designing a better software.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 27, 2015, 06:40:25 AM
Dev! I don't think you can beat the TV industry! We need realistic plans!


It's like the story of two guys running from a bear. If you are one of the guys you don't have to outrun the bear - you just have to outrun the other guy.

We are realistic and we understand in step one we don't have to beat the big bear, the TV industry. First, we aim to provide better live video streaming than Ustream, Wowza and twitch.tv services are. The open source, P2P, decentralized GadgetNet will be able to offer significantly cheaper and some magnitudes scalable live video streaming than the centralized providers.


I'm getting more confused by the moment here...

All of a sudden, your tokens' price has been increased 5-fold because the "growing interest of industry providers allows you to be more aggressive", if I am quoting you correctly... and what kind of interest, specifically, are you talking about? Mr. Pardi's of ZoVolt? Because I am burdened to say that Mr. Pardi's "achievements" are severely lacking all along his previous enterprises (all closed down, no sale) and current one who only found one interested party in its crowdfunding offering, more likely than not, Mr Pardi himself being that individual. If  there are other, CONCRETE, interested parties, you have failed to communicate those, so I am growingly confused, naturally.

But it also piked my curiosity the unilateral decision of quintuple the cost of those tokens which, by an exercise of simple math, will result in an increment in the costs of the netcasting, so to speak, which will automatically go from an estimated 5 to 10% of current costs (and that's a ball-park estimation, not really based on any specific data on an apples-to-apples comparison, is it?), to 25 to 50%, thus making the proposition much less attractive to current users of competitive, true and tested services. I must have missed quite a bit in these convoluted white papers and explanations, I'm afraid...

Some research posted here, has the guy who created BitTorrent embarked, basically, on a quest for a product very similar to yours (the announced one, that is, the one that is, for now and the time being, just an unproven idea), with practically unlimited resources of the financial kind and many others (contacts, free publicity, obvious credibility), so far having failed to actually put that idea in practical motion... but you, with a few "believers" here and the "growing interest" of some "industry providers" feel brazen enough to not just increment 5-fold the cost to broadcasters, unilaterally and still without anything to show that you will ever be capable of transmit anything, but to contend that you will actually be doing so and take on the whole TV industry... in due time. Wow. Simply wow.

And then there's the LLC... no small matter, mind you. A Delaware (US) registered enterprise if I am correctly informed. And set by a guy of two, still quite anonymous to most "believers", of whom no one knows anything whatsoever and that are located in some parts of Europe, maybe Northern Europe. Even if we were to assume that the LLC would be crazily successful and in a few months would get major profits, even a buy out offer (by Apple, or IBM or even Facebook), what would be in it for the "forgers", "believers", ores owners, etc?

I am pretty sure I am missing a lot of this very confusing picture... almost as sure as I am that clarification won't be coming in any sensible manner any time soon. In any case, once again, much luck in your quest. I have a stronq feeling you are going to need much more than that to be able to pull this one out. But hey, what's common sense to do with talk of mooning, large penises and every conceivable manner of sex, including midget sex. Especially midget sex, right? (*)

For those who might be interested, these references have to do with a thread about Bobsurplus and his crew in the Alternate currencies forum and is post here for humor purposes only... well, almost.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 27, 2015, 10:47:42 AM
Dev! I don't think you can beat the TV industry! We need realistic plans!


It's like the story of two guys running from a bear. If you are one of the guys you don't have to outrun the bear - you just have to outrun the other guy.

We are realistic and we understand in step one we don't have to beat the big bear, the TV industry. First, we aim to provide better live video streaming than Ustream, Wowza and twitch.tv services are. The open source, P2P, decentralized GadgetNet will be able to offer significantly cheaper and some magnitudes scalable live video streaming than the centralized providers.


I'm getting more confused by the moment here...

All of a sudden, your tokens' price has been increased 5-fold because the "growing interest of industry providers allows you to be more aggressive", if I am quoting you correctly... and what kind of interest, specifically, are you talking about? Mr. Pardi's of ZoVolt? Because I am burdened to say that Mr. Pardi's "achievements" are severely lacking all along his previous enterprises (all closed down, no sale) and current one who only found one interested party in its crowdfunding offering, more likely than not, Mr Pardi himself being that individual. If  there are other, CONCRETE, interested parties, you have failed to communicate those, so I am growingly confused, naturally.

But it also piked my curiosity the unilateral decision of quintuple the cost of those tokens which, by an exercise of simple math, will result in an increment in the costs of the netcasting, so to speak, which will automatically go from an estimated 5 to 10% of current costs (and that's a ball-park estimation, not really based on any specific data on an apples-to-apples comparison, is it?), to 25 to 50%, thus making the proposition much less attractive to current users of competitive, true and tested services. I must have missed quite a bit in these convoluted white papers and explanations, I'm afraid...

Some research posted here, has the guy who created BitTorrent embarked, basically, on a quest for a product very similar to yours (the announced one, that is, the one that is, for now and the time being, just an unproven idea), with practically unlimited resources of the financial kind and many others (contacts, free publicity, obvious credibility), so far having failed to actually put that idea in practical motion... but you, with a few "believers" here and the "growing interest" of some "industry providers" feel brazen enough to not just increment 5-fold the cost to broadcasters, unilaterally and still without anything to show that you will ever be capable of transmit anything, but to contend that you will actually be doing so and take on the whole TV industry... in due time. Wow. Simply wow.

And then there's the LLC... no small matter, mind you. A Delaware (US) registered enterprise if I am correctly informed. And set by a guy of two, still quite anonymous to most "believers", of whom no one knows anything whatsoever and that are located in some parts of Europe, maybe Northern Europe. Even if we were to assume that the LLC would be crazily successful and in a few months would get major profits, even a buy out offer (by Apple, or IBM or even Facebook), what would be in it for the "forgers", "believers", ores owners, etc?

I am pretty sure I am missing a lot of this very confusing picture... almost as sure as I am that clarification won't be coming in any sensible manner any time soon. In any case, once again, much luck in your quest. I have a stronq feeling you are going to need much more than that to be able to pull this one out. But hey, what's common sense to do with talk of mooning, large penises and every conceivable manner of sex, including midget sex. Especially midget sex, right? (*)

For those who might be interested, these references have to do with a thread about Bobsurplus and his crew in the Alternate currencies forum and is post here for humor purposes only... well, almost.

With regards to the concrete interest, I posted last week in this thread that a press release will be out to explain the details. We are very happy that streemo and GadgetNet will be used for a concrete use case and we are already working on the implementation details to integrate CCTV cameras. I hope we will have all details in the next 24 hours or few days to publish the press release.

Please note, the US$ 5.00 price does not mean the cost of broadcasting will be 5 times more. Broadcasters' network fee is a percentage, typically 5% of the gross revenue and therefore, from broadcasters standpoint it is irrelevant whether the price of GadgetCoin is US 1.00, US$ 5.00 or US$ 100.00. Because of the interest in GadgetNet as well as the very limited coin supply, the broadcasters will have to pay the network fee by buying GadgetCoin on a US$ 5.00 instead of US$ 1.00 price, and a smart contract guaranties that broadcasters will pay no less than US$ 5.00 for a GadgetCoin. The higher price has effect only on the coin supply, higher coin price causes slowing burning rate, but it won't increase the cost of broadcasting. The US$ 5.00 price does not increment 5-fold the cost to broadcasters, as you said it will be.

As for the LLC, the idea is to form a DAC (decentralized autonomous company) and use the structure of a legally registered company. We also said this is an idea only and we don't guaranty anything regarding this. As we stated, if such structure isn't legal in the US then we will try to implement it in Europe or somewhere else. Nothing has finalized regarding this. If the VICR investors are keen to do business with us then we will talk to them, work out the details and the DAC will be organized in a jurisdiction where such cooperation is legal. The DAC has nothing to do with forging nor with future ores, if it will be implemented, it will be as we said for existing VICR owners.

With regards to Bram Cohen and his P2P live video streaming vision, I agree with our supporters that Bram Cohen has already changed how people consume media. His invention had direct impact on the whole music, TV and movie industry. We think it is probably worth listening what such a successful and influential technology person says about innovation, we fully subscribe to his idea about the potentials in P2P live streaming, and we are working on the release of our open source software application that does P2P live video streaming.

We are very sorry that you don't think this idea worth your support and we will be working very hard to win you over.

 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 27, 2015, 12:36:14 PM
Good job devs!

I strongly suggest to set the network fee smart contract and network fee coin price at US 10. The broadcasters, CCTV camera device owners wouldn't care and they will be perfectly fine with the US $ 10 price, but in my opinion a higher network fee related GDC price is very important for coin holders. Higher price would slow down the burning and buy back which is obviously a minus, but the 10 dollars per GDC network fee related price most likely will result a very good price off exchange and on the exchanges once the coin is listed. The 10 dollars per GDC network fee related price also means that there is an incentive for outside crypto investors to start buying GDC both off exchange and on exchanges for US 2.50 or even more for a US $ 5 to realize a 100% profit.

That's great you are working on CCTV integration! Does the application support alarms?

Do you plan integrating baby monitors? That would be a nice use case, grandparents will be happy to pay US $ 1-2 for an Internet connected baby monitor to watch their grand child from browser, on HTML5 platform from anywhere and on any devices.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 27, 2015, 01:51:54 PM
i would be happy with the USD 10 price and i don't mind the slower burning and buyback rate, but the exchange price will be higher with USD 10 internal price.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 27, 2015, 03:41:33 PM
Dev! I don't think you can beat the TV industry! We need realistic plans!


It's like the story of two guys running from a bear. If you are one of the guys you don't have to outrun the bear - you just have to outrun the other guy.

We are realistic and we understand in step one we don't have to beat the big bear, the TV industry. First, we aim to provide better live video streaming than Ustream, Wowza and twitch.tv services are. The open source, P2P, decentralized GadgetNet will be able to offer significantly cheaper and some magnitudes scalable live video streaming than the centralized providers.


I'm getting more confused by the moment here...

All of a sudden, your tokens' price has been increased 5-fold because the "growing interest of industry providers allows you to be more aggressive", if I am quoting you correctly... and what kind of interest, specifically, are you talking about? Mr. Pardi's of ZoVolt? Because I am burdened to say that Mr. Pardi's "achievements" are severely lacking all along his previous enterprises (all closed down, no sale) and current one who only found one interested party in its crowdfunding offering, more likely than not, Mr Pardi himself being that individual. If  there are other, CONCRETE, interested parties, you have failed to communicate those, so I am growingly confused, naturally.

But it also piked my curiosity the unilateral decision of quintuple the cost of those tokens which, by an exercise of simple math, will result in an increment in the costs of the netcasting, so to speak, which will automatically go from an estimated 5 to 10% of current costs (and that's a ball-park estimation, not really based on any specific data on an apples-to-apples comparison, is it?), to 25 to 50%, thus making the proposition much less attractive to current users of competitive, true and tested services. I must have missed quite a bit in these convoluted white papers and explanations, I'm afraid...

Some research posted here, has the guy who created BitTorrent embarked, basically, on a quest for a product very similar to yours (the announced one, that is, the one that is, for now and the time being, just an unproven idea), with practically unlimited resources of the financial kind and many others (contacts, free publicity, obvious credibility), so far having failed to actually put that idea in practical motion... but you, with a few "believers" here and the "growing interest" of some "industry providers" feel brazen enough to not just increment 5-fold the cost to broadcasters, unilaterally and still without anything to show that you will ever be capable of transmit anything, but to contend that you will actually be doing so and take on the whole TV industry... in due time. Wow. Simply wow.

And then there's the LLC... no small matter, mind you. A Delaware (US) registered enterprise if I am correctly informed. And set by a guy of two, still quite anonymous to most "believers", of whom no one knows anything whatsoever and that are located in some parts of Europe, maybe Northern Europe. Even if we were to assume that the LLC would be crazily successful and in a few months would get major profits, even a buy out offer (by Apple, or IBM or even Facebook), what would be in it for the "forgers", "believers", ores owners, etc?

I am pretty sure I am missing a lot of this very confusing picture... almost as sure as I am that clarification won't be coming in any sensible manner any time soon. In any case, once again, much luck in your quest. I have a stronq feeling you are going to need much more than that to be able to pull this one out. But hey, what's common sense to do with talk of mooning, large penises and every conceivable manner of sex, including midget sex. Especially midget sex, right? (*)

For those who might be interested, these references have to do with a thread about Bobsurplus and his crew in the Alternate currencies forum and is post here for humor purposes only... well, almost.

With regards to the concrete interest, I posted last week in this thread that a press release will be out to explain the details. We are very happy that streemo and GadgetNet will be used for a concrete use case and we are already working on the implementation details to integrate CCTV cameras. I hope we will have all details in the next 24 hours or few days to publish the press release.

Please note, the US$ 5.00 price does not mean the cost of broadcasting will be 5 times more. Broadcasters' network fee is a percentage, typically 5% of the gross revenue and therefore, from broadcasters standpoint it is irrelevant whether the price of GadgetCoin is US 1.00, US$ 5.00 or US$ 100.00. Because of the interest in GadgetNet as well as the very limited coin supply, the broadcasters will have to pay the network fee by buying GadgetCoin on a US$ 5.00 instead of US$ 1.00 price, and a smart contract guaranties that broadcasters will pay no less than US$ 5.00 for a GadgetCoin. The higher price has effect only on the coin supply, higher coin price causes slowing burning rate, but it won't increase the cost of broadcasting. The US$ 5.00 price does not increment 5-fold the cost to broadcasters, as you said it will be.

As for the LLC, the idea is to form a DAC (decentralized autonomous company) and use the structure of a legally registered company. We also said this is an idea only and we don't guaranty anything regarding this. As we stated, if such structure isn't legal in the US then we will try to implement it in Europe or somewhere else. Nothing has finalized regarding this. If the VICR investors are keen to do business with us then we will talk to them, work out the details and the DAC will be organized in a jurisdiction where such cooperation is legal. The DAC has nothing to do with forging nor with future ores, if it will be implemented, it will be as we said for existing VICR owners.

With regards to Bram Cohen and his P2P live video streaming vision, I agree with our supporters that Bram Cohen has already changed how people consume media. His invention had direct impact on the whole music, TV and movie industry. We think it is probably worth listening what such a successful and influential technology person says about innovation, we fully subscribe to his idea about the potentials in P2P live streaming, and we are working on the release of our open source software application that does P2P live video streaming.

We are very sorry that you don't think this idea worth your support and we will be working very hard to win you over.

 

Oh no, no, no, no... I support the IDEA just fine. 100%, in fact. I just strongly doubt you can actually implement it in any practical, usable way. The IDEA is quite old and successfully tried, in fact. By Netflix, most notably on a large scale, and by hundreds, thousands of others in many other cases that have been referenced exhaustively in this thread, so the idea is quite good. And quite old. Nothing against it. And much less about providing "a better service for a very small fraction of the cost... with scalability advantages practically ad-infinitum". Again, brilliant idea, I just don't believe you can do it. Very simply. You can "gain me over" very easily: Just offer proof, any proof at all, that you can actually do it and I'm in. Mind you, my objection is QUITE EDUCATED: Not only Cohen (and IBM), among many others -all with practically unlimited resources-,  have so far failed to achieve what you present here, on paper, practically as children's play, but Netflix with all its financial might, has had to appeal -and get- government support to face the extortion attempts by the carriers in the US. And all of this being stupidly unaware that these two kids from somewhere in Northern Europa have the magical tech down pat, that they can implement practically at will, with just a few inexpensive servers, that would solve all their problems for a fraction of the many millions they spend on carrying their streaming... boy are they out of touch with reality, aren't they? Of course Netflix would probably think it twice before committing to a 5% of their grosses, but I believe that "small detail" could easily be adjusted given the size of such grosses, right? who said there would be any problem at all whatsoever... except that, under current technology, there's simply no possibility whatsoever to provide that service, no matter the size of the network of servers and no matter the cost. It would take, oh I don't know, millions of powerful servers connected and monitored 24/7 to be able to deliver the content, many millions of them, like the full capacity of Amazon about 10 million times over. Or more. And then, after having access to those servers, you would still have, among many other "small problems", the issue of latency, pesky shit... but hey, who's counting, right? One press-release here, one white paper there, confusing or not, it will keep the ball rolling, so to speak, while there won't still be anything at all whatsoever that proves that you can actually broadcast anything at all. Faith and ideas, even old ones, that's the engine that moves this project. Oh, and Mr. Pardi's support, of course... never mind the fact that Mr. Pardi seems to not have been able to ever sell, actually sell, any of his IDEAS over many years.

I know "you are working" on several issues. Technical ones and legal ones. But mostly on press releases, seemingly. Because time passes and NOTHING HAPPENS. Meanwhile your company, as I understand it, is registered in Delaware as an LLC and the IDEA of a DAC -not that big of a burden- remains just an IDEA, nothing else... all the while you are sounding like implementation of some kind, beyond press releases, is all but imminent. Sorry I forgot about the conditional you repeated regarding the subject, the kipling-esque IF...

Now, on the subject of the TOKEN. If price is not an issue, why stop at $5. Why not not just $10 like it has been suggested, why not $1,000? Heck, $10,000 even? what is the CRITERIA to set one price or the other, scarcity you said? That would be a relative term, right? If no one is interested in buying, 1 is too many; if a lot of people is indeed interested, then it could present a significant problem (and price squeeze), but who cares, right? since the broadcasters would pay always the same FIAT amount, why not have the contract holders happy, right? And, in that case and for that purpose, once again, why not go 5-fold again, to $50? after all, "interest" can only increment as more and more press releases are issued...

I'm sure you understand my skepticism at the moment, but be sure I remain able and more than willing to be swept over by any trace at all of proof of viability and action on both the tech and the legal fronts. Any whatsoever. Press releases notwithstanding.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 27, 2015, 04:53:41 PM
Just to clarify,

As probably most users of this thread understand, the GadgetNet video streaming services jizzmo and streemo, as part of our generic IoT framework aims to provide a live video streaming software. Netflix - as probably most of you know that and in case if don't we explained it above - provides VOD, video on-demand service. VOD, Netflix's business has nothing to do with live streaming. Live video streaming and GadgetNet are different than what Netflix does and offer.

As we explained in our latest update, we have been working on integrating CCTV camera devices, exchange integration, the UI, etc. and therefore, we are not only working on the press release and nothing else.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 27, 2015, 05:16:49 PM
Good job devs!

That's great you are working on CCTV integration! Does the application support alarms?

Do you plan integrating baby monitors? That would be a nice use case, grandparents will be happy to pay US $ 1-2 for an Internet connected baby monitor to watch their grand child from browser, on HTML5 platform from anywhere and on any devices.


Thank you for your support!

Yes, we are testing a device which has alarm function. The alarm triggers signal on the screen or via SMS, but either cases the alarms need to wired up with our IoT framework and as we said, the integration takes time, but we have started working on this industrial use case and the end user will be using the devices on streemo.

With regards to the baby monitor use case, we are wiring up an indoor home monitoring camera device from the same manufacturer. It has sound and HD video quality so it can be used as a baby monitor, but it is a more capable device and it is suitable for different types of indoor, live monitoring use cases.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 27, 2015, 06:27:28 PM
Good job devs!

That's great you are working on CCTV integration! Does the application support alarms?

Do you plan integrating baby monitors? That would be a nice use case, grandparents will be happy to pay US $ 1-2 for an Internet connected baby monitor to watch their grand child from browser, on HTML5 platform from anywhere and on any devices.


Thank you for your support!

Yes, we are testing a device which has alarm function. The alarm triggers signal on the screen or via SMS, but either cases the alarms need to wired up with our IoT framework and as we said, the integration takes time, but we have started working on this industrial use case and the end user will be using the devices on streemo.

With regards to the baby monitor use case, we are wiring up an indoor home monitoring camera device from the same manufacturer. It has sound and HD video quality so it can be used as a baby monitor, but it is a more capable device and it is suitable for different types of indoor, live monitoring use cases.



Fantastic, the indoor monitoring should be a good opportunity too.

I suggest don't bother with the negativity and trolling! Ethereum received 25 millions US $ and hasn't released the final platform yet though it was promised by April. Supernet core was promised by January and the full platform hasn't released yet even James got a few million dollars to make things happen which indicate software design takes time. More importantly, you explained clearly in your roadmap when you will deliver what and so far you have delivered everything you promised: working blockchain, working smart contracts, working 1 second transaction, 2FA, jizzmo is accepting applications, integration of industrial IoT use cases with streemo started, etc. Well done, don't be discouraged by the negativity and keep up the good work!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 27, 2015, 07:23:02 PM
the jizzmo and streemo sites will be great + IoT is the future.

VICR contracts at USD 5 will be at 1600% profit.  ;D

thanks, and keep up the good work devs!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: threedaymonk on July 27, 2015, 09:09:48 PM
Just to clarify,

As probably most users of this thread understand, the GadgetNet video streaming services jizzmo and streemo, as part of our generic IoT framework aims to provide a live video streaming software. Netflix - as probably most of you know that and in case if don't we explained it above - provides VOD, video on-demand service. VOD, Netflix's business has nothing to do with live streaming. Live video streaming and GadgetNet are different than what Netflix does and offer.

As we explained in our latest update, we have been working on integrating CCTV camera devices, exchange integration, the UI, etc. and therefore, we are not only working on the press release and nothing else.




Just remember that barabbas is either an idiot with too much time on his hands, or a professional troll. You wouldn't believe the amount of coins that he comes in and FUDs with daily essay length ignorant posts. Yet he supports Paycoin.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 28, 2015, 11:01:19 AM
Just to clarify,

As probably most users of this thread understand, the GadgetNet video streaming services jizzmo and streemo, as part of our generic IoT framework aims to provide a live video streaming software. Netflix - as probably most of you know that and in case if don't we explained it above - provides VOD, video on-demand service. VOD, Netflix's business has nothing to do with live streaming. Live video streaming and GadgetNet are different than what Netflix does and offer.

As we explained in our latest update, we have been working on integrating CCTV camera devices, exchange integration, the UI, etc. and therefore, we are not only working on the press release and nothing else.




Just remember that barabbas is either an idiot with too much time on his hands, or a professional troll. You wouldn't believe the amount of coins that he comes in and FUDs with daily essay length ignorant posts. Yet he supports Paycoin.

The combination of both, 70% idiot and 30% troll.

I know absolutely nothing about video streaming, but by now I understand as it was explained to this idiot many times that the jizzmo and streemo sites at stage one will be using a hybrid model with RTMP streaming to be able to serve Flash clients. In the meantime the team works on a novel P2P live streaming software, but jizzmo and streemo will not be true P2P at stage one. The idiot doesn't understand this (70%) and keep trolling that nothing is happening, and where is the P2P application (30%), which by the way is due by 1st December 2015 according to the road map.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 28, 2015, 11:25:04 AM
Just to clarify,

As probably most users of this thread understand, the GadgetNet video streaming services jizzmo and streemo, as part of our generic IoT framework aims to provide a live video streaming software. Netflix - as probably most of you know that and in case if don't we explained it above - provides VOD, video on-demand service. VOD, Netflix's business has nothing to do with live streaming. Live video streaming and GadgetNet are different than what Netflix does and offer.

As we explained in our latest update, we have been working on integrating CCTV camera devices, exchange integration, the UI, etc. and therefore, we are not only working on the press release and nothing else.


As a VICR owner I would prefer you focus on the development instead of trying to convince this idiot. I believe VICR owners understand what you are trying to achieve, you have a very good plan with real world use cases and lot of works ahead.

You are young, enthusiastic and you want to win over everyone, but believe me, you don't have to win over the resident wanker of Bitcointalk forum.

You and others explained many times to this idiot what is your application, what P2P and VOD are, what the hybrid model of GadgetNet means, what's your vision regarding the generic IoT platform, what is on the roadmap. The idiot is still coming back with his obsessions that you haven't released the P2P yet. He is stupid and troll, you can't do anything with that unfortunate but powerful configuration which seems is default and isn't adjustable in his case.

Keep up the good work and don't worry about the trolls!


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 28, 2015, 11:31:42 PM
Keep up the good work and don't worry about the trolls!

Thank you for your support! The team is developing and testing the work items of the next release, we are not resting until we deliver what is on the road map.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 29, 2015, 12:32:51 AM
Just to clarify,

As probably most users of this thread understand, the GadgetNet video streaming services jizzmo and streemo, as part of our generic IoT framework aims to provide a live video streaming software. Netflix - as probably most of you know that and in case if don't we explained it above - provides VOD, video on-demand service. VOD, Netflix's business has nothing to do with live streaming. Live video streaming and GadgetNet are different than what Netflix does and offer.

As we explained in our latest update, we have been working on integrating CCTV camera devices, exchange integration, the UI, etc. and therefore, we are not only working on the press release and nothing else.


As a VICR owner I would prefer you focus on the development instead of trying to convince this idiot. I believe VICR owners understand what you are trying to achieve, you have a very good plan with real world use cases and lot of works ahead.

You are young, enthusiastic and you want to win over everyone, but believe me, you don't have to win over the resident wanker of Bitcointalk forum.

You and others explained many times to this idiot what is your application, what P2P and VOD are, what the hybrid model of GadgetNet means, what's your vision regarding the generic IoT platform, what is on the roadmap. The idiot is still coming back with his obsessions that you haven't released the P2P yet. He is stupid and troll, you can't do anything with that unfortunate but powerful configuration which seems is default and isn't adjustable in his case.

Keep up the good work and don't worry about the trolls!

Not that it would have any meaning to you, of course, but this "idiot/troll" has denounced, with a rate of... oh 100% success, quite a few crypto projects that have ended up being a failure. Not a major feat, mind you, for so many do fail because they are either straight out scams or non-viable ones, but still the record stands.

As a VICR owner you are just a cut throat blind greedy bastard bent on doing any and all things to try to get your "investment" to be profitable at ANY AND ALL costs, those including but not limited too, insulting, blatantly lying and any other form of enticement to get your hands on newbies' money, that's exactly and completely what you are, nothing else.

Once again, dev, I'd be first in line to celebrate if, in fact, you can deliver on ANY front. Until then though, it would not only be premature but quite a long shot.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 29, 2015, 01:41:38 AM
Just to clarify,

As probably most users of this thread understand, the GadgetNet video streaming services jizzmo and streemo, as part of our generic IoT framework aims to provide a live video streaming software. Netflix - as probably most of you know that and in case if don't we explained it above - provides VOD, video on-demand service. VOD, Netflix's business has nothing to do with live streaming. Live video streaming and GadgetNet are different than what Netflix does and offer.

As we explained in our latest update, we have been working on integrating CCTV camera devices, exchange integration, the UI, etc. and therefore, we are not only working on the press release and nothing else.


As a VICR owner I would prefer you focus on the development instead of trying to convince this idiot. I believe VICR owners understand what you are trying to achieve, you have a very good plan with real world use cases and lot of works ahead.

You are young, enthusiastic and you want to win over everyone, but believe me, you don't have to win over the resident wanker of Bitcointalk forum.

You and others explained many times to this idiot what is your application, what P2P and VOD are, what the hybrid model of GadgetNet means, what's your vision regarding the generic IoT platform, what is on the roadmap. The idiot is still coming back with his obsessions that you haven't released the P2P yet. He is stupid and troll, you can't do anything with that unfortunate but powerful configuration which seems is default and isn't adjustable in his case.

Keep up the good work and don't worry about the trolls!

Not that it would have any meaning to you, of course, but this "idiot/troll" has denounced, with a rate of... oh 100% success, quite a few crypto projects that have ended up being a failure. Not a major feat, mind you, for so many do fail because they are either straight out scams or non-viable ones, but still the record stands.

As a VICR owner you are just a cut throat blind greedy bastard bent on doing any and all things to try to get your "investment" to be profitable at ANY AND ALL costs, those including but not limited too, insulting, blatantly lying and any other form of enticement to get your hands on newbies' money, that's exactly and completely what you are, nothing else.

Once again, dev, I'd be first in line to celebrate if, in fact, you can deliver on ANY front. Until then though, it would not only be premature but quite a long shot.


How can he take the newbies money? Not possible to buy VICR contracts anymore. I have VICR contract tell me how can I profit from newbie money? Gadgetcoin don't accept more investment, how can I get newbies' money. sorry, I don't understand.
btw I read your posts, you promoted the Paycoin scam and you were not worried about newbies' money there.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 29, 2015, 02:02:49 AM
pls GDC supporters, pls!!! DO NOT REPLY the sick actor Jose barabbas!!!

pls first read his posts!!! he want to build up some profile, personality. He said he will hunt down Bobsurplus. Bobsurplus laughed at him, told him go away and now he is trolling Viacoin, Syscoin, Gadgetcoin. his Bobsurplus mission is not working he needs an easy target Viacoin, Syscoin, Gadgetcoin to build his profile. before he trolled Vericoin, the vericoin devs were easy target too.

barabbas Jose actor is a Paycoin scammer and IconicExpert coin shill, he used his profile to scam with Paycoin.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 29, 2015, 02:43:24 AM
Just to clarify,

As probably most users of this thread understand, the GadgetNet video streaming services jizzmo and streemo, as part of our generic IoT framework aims to provide a live video streaming software. Netflix - as probably most of you know that and in case if don't we explained it above - provides VOD, video on-demand service. VOD, Netflix's business has nothing to do with live streaming. Live video streaming and GadgetNet are different than what Netflix does and offer.

As we explained in our latest update, we have been working on integrating CCTV camera devices, exchange integration, the UI, etc. and therefore, we are not only working on the press release and nothing else.


As a VICR owner I would prefer you focus on the development instead of trying to convince this idiot. I believe VICR owners understand what you are trying to achieve, you have a very good plan with real world use cases and lot of works ahead.

You are young, enthusiastic and you want to win over everyone, but believe me, you don't have to win over the resident wanker of Bitcointalk forum.

You and others explained many times to this idiot what is your application, what P2P and VOD are, what the hybrid model of GadgetNet means, what's your vision regarding the generic IoT platform, what is on the roadmap. The idiot is still coming back with his obsessions that you haven't released the P2P yet. He is stupid and troll, you can't do anything with that unfortunate but powerful configuration which seems is default and isn't adjustable in his case.

Keep up the good work and don't worry about the trolls!

Not that it would have any meaning to you, of course, but this "idiot/troll" has denounced, with a rate of... oh 100% success, quite a few crypto projects that have ended up being a failure. Not a major feat, mind you, for so many do fail because they are either straight out scams or non-viable ones, but still the record stands.

As a VICR owner you are just a cut throat blind greedy bastard bent on doing any and all things to try to get your "investment" to be profitable at ANY AND ALL costs, those including but not limited too, insulting, blatantly lying and any other form of enticement to get your hands on newbies' money, that's exactly and completely what you are, nothing else.

Once again, dev, I'd be first in line to celebrate if, in fact, you can deliver on ANY front. Until then though, it would not only be premature but quite a long shot.


How can he take the newbies money? Not possible to buy VICR contracts anymore. I have VICR contract tell me how can I profit from newbie money? Gadgetcoin don't accept more investment, how can I get newbies' money. sorry, I don't understand.
btw I read your posts, you promoted the Paycoin scam and you were not worried about newbies' money there.



No matter how you try you cannot change the posts and anyone can read what i posted about Paycoin which was always the opposite of "promotion" or support or anything like that. If fact no one was more negative than me about Garza and his stupidity... and that is putting the bar quite high given the venom levels the guy inspired. But you are welcome to believe anything that you perceive can serve your purposes. In won't change the facts though.

The newbies money you are trying to get your hands on is -you hope- on the exchanges that may list or do list this coin. But you do know that only too well.

The tard that posted above should  know that i have already stopped bobsurplus from profiting in several of his most recent attempts at pump and dump. Quite efficiently. But i wont make a mission of it, have better things to do. And if people still believe they can benefit once it is clear bob is in well, they quite deserve whats coming to them... just like you will fully deserve the same fate here if and when this fails to meet expectations, so to speak.

Oh and I don't do "promotions". At best I will SUPPORT projects that need to meet at least TWO requirements: .- not being anonymous  and 2.- they have to be guaranteed,  I repeat GUARANTEED,  not scams.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 29, 2015, 03:56:54 AM
Update

We have made a good progress in the CCTV camera integration and wiring up our first industrial use case at http://www.streemo.net.

We are ordering more camera devices and if you are interested to try our live video streaming with a security or home monitoring application, then we are happy to order extra devices and ship it to you, so you can try our Internet of Things technology.

These are very good quality HD devices with night vision and alarm, depending on configuration Ethernet, USB, WiFi and we can get a factory price from our partner ZoVolt, the camera cost less than US$ 50.00 + shipping fee.

The camera device is very similar to this one:

http://bit.ly/1VrEtgj

Also, we can ship indoor camera devices which can be wired up with streemo for indoor home, office, shop. etc. monitoring. The device is very similar to this one:

http://bit.ly/1H0xFeD

If you are interested to get a device please email at developers@gadgetcoin.org and we will ship it to you by charging no more than the factory price + shipping.
Once the the camera is installed at your place perhaps you could demonstrate the system to your local security surveillance companies. We have very promising interests from the security surveillance industry, the streemo platform providers users with many benefits and it would be very much appreciated if you could promote the solution by demonstrating the physical device wired up to the streemo platform.






Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 29, 2015, 11:35:45 AM
Update

We have made a good progress in the CCTV camera integration and wiring up our first industrial use case at http://www.streemo.net.

We are ordering more camera devices and if you are interested to try our live video streaming with a security or home monitoring application, then we are happy to order extra devices and ship it to you, so you can try our Internet of Things technology.

These are very good quality HD devices with night vision and alarm, depending on configuration Ethernet, USB, WiFi and we can get a factory price from our partner ZoVolt, the camera cost less than US$ 50.00 + shipping fee.

The camera device is very similar to this one:

http://bit.ly/1VrEtgj

Also, we can ship indoor camera devices which can be wired up with streemo for indoor home, office, shop. etc. monitoring. The device is very similar to this one:

http://bit.ly/1H0xFeD

If you are interested to get a device please email at developers@gadgetcoin.org and we will ship it to you by charging no more than the factory price + shipping.
Once the the camera is installed at your place perhaps you could demonstrate the system to your local security surveillance companies. We have very promising interests from the security surveillance industry, the streemo platform providers users with many benefits and it would be very much appreciated if you could promote the solution by demonstrating the physical device wired up to the streemo platform.


I sent email to get 2 outdoor and 1 indoor cameras. When can you send the cameras?

I spoke to a security company. The software the company currently use cost over 10K per year and the software doesn't even have an HTML5 portal never mind configuration options to assign access right to viewers via the browser, it's just a closed system. I think they will see the benefit of GadgetNet straight away. There are hundreds of security companies in the UK having similar problems with their current system.

Very good direction boys! GadgetNet will be the first Internet of Things block-chain software used in real world use cases, keep up the good work!





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 29, 2015, 12:24:53 PM

I sent email to get 2 outdoor and 1 indoor cameras. When can you send the cameras?

I spoke to a security company. The software the company currently use cost over 10K per year and the software doesn't even have an HTML5 portal never mind configuration options to assign access right to viewers via the browser, it's just a closed system. I think they will see the benefit of GadgetNet straight away. There are hundreds of security companies in the UK having similar problems with their current system.

Very good direction boys! GadgetNet will be the first Internet of Things block-chain software used in real world use cases, keep up the good work!


Thank you for your support! It will be great if you could promote the system and the best promotion is to show the system wired up with working physical devices.

Regarding the delivery time, we need to order at least 20 devices, possible more if we get more request by today evening. For ZoVolt it will take about 2 weeks to get the devices from China so realistically we can ship the cameras to you within 3 weeks.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 29, 2015, 05:46:06 PM

No matter how you try you cannot change the posts and anyone can read what i posted about Paycoin which was always the opposite of "promotion" or support or anything like that.


ok, this is my last post to you because you're a liar, nothing but a liar. That's true what you wrote, "No matter how you try you cannot change the posts", no you can't change it barabbas.

I can read how you supported and promoted the Paycoin scam in this forum https://bitcointalk.org/index.php?topic=900970.

https://bitcointalk.org/index.php?topic=900970.msg10219811#msg10219811
"the only game in town currently. I'm in."

https://bitcointalk.org/index.php?topic=900970.msg10282477#msg10282477
"At this point he's obviously not doing anything to manipulate the market in any way and just the bare minimum to keep the invested community updated as to the current development of the project. Which is wise and efficient."

You said this on January 27 when everyone knew that Paycoin is a scam. did you ask the business plan, were you worried about newbies' money from Paycoin? no, you didn't, you just supported and promoted it.

https://bitcointalk.org/index.php?topic=900970.msg10282809#msg10282809
"I for one believe he has better chances than any other out there"

really barabbas? what about the business plan?

https://bitcointalk.org/index.php?topic=900970.msg10373065#msg10373065
"What clowns, really.... First of all, Garza has PUBLICLY disclosed that a potential alternative to the Honors Program is possible ... Another piece of shit digital crypto rag looking for crumbs from idiots whose wishful thinking makes them lose even the most elementary sense of logic. Puaghffff!"

that's what you said you liar about the journalist who revealed the Paycoin scam. were you concerned about the newbies' money? no, you weren't, you were discrediting the journalist.

You are a liar, i am finished with you. this was my last post to you troll scammer.




Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 29, 2015, 06:23:54 PM

No matter how you try you cannot change the posts and anyone can read what i posted about Paycoin which was always the opposite of "promotion" or support or anything like that.


ok, this is my last post to you because you're a liar, nothing but a liar. That's true what you wrote, "No matter how you try you cannot change the posts", no you can't change it barabbas.

I can read how you supported and promoted the Paycoin scam in this forum https://bitcointalk.org/index.php?topic=900970.

https://bitcointalk.org/index.php?topic=900970.msg10219811#msg10219811
"the only game in town currently. I'm in."

https://bitcointalk.org/index.php?topic=900970.msg10282477#msg10282477
"At this point he's obviously not doing anything to manipulate the market in any way and just the bare minimum to keep the invested community updated as to the current development of the project. Which is wise and efficient."

You said this on January 27 when everyone knew that Paycoin is a scam. did you ask the business plan, were you worried about newbies' money from Paycoin? no, you didn't, you just supported and promoted it.

https://bitcointalk.org/index.php?topic=900970.msg10282809#msg10282809
"I for one believe he has better chances than any other out there"

really barabbas? what about the business plan?

https://bitcointalk.org/index.php?topic=900970.msg10373065#msg10373065
"What clowns, really.... First of all, Garza has PUBLICLY disclosed that a potential alternative to the Honors Program is possible ... Another piece of shit digital crypto rag looking for crumbs from idiots whose wishful thinking makes them lose even the most elementary sense of logic. Puaghffff!"

that's what you said you liar about the journalist who revealed the Paycoin scam. were you concerned about the newbies' money? no, you weren't, you were discrediting the journalist.

You are a liar, i am finished with you. this was my last post to you troll scammer.





No, you are the liar, of course. In none of those posts -nor the many others that frame those properly and that you, of course, don't link-, do I even hint at PayCoin being or not being a scam. I repeatedly posted that it could very well be. And it is written for all to see and read, no matter what you may choose to link and interpret.

I also posted, repeatedly, that I was TRADING PayCoin, and the reasons behind it. Some were fortunate and some backfired quite a bit. In the second of your links, you conveniently leave out the frame in which I explain why I believe there's a positive trade there, to quote the final words as to why I "am in". Which, as everyone know by now, means for a trade in my case since I don't hold ANY coin for longer than a few weeks -with one only exception so far-.

I went to some lengths to explain why I believed that it was way more intelligent and profitable for Garza to try and honor his Honors Program, and posted several times the logic behind it... all the while pointing out that he probably was stupid enough to actually not do it and let the coin continue the downfall. PayCoin was a great project, in my opinion, because it had a very affluent and numerous community that would have supported it to incredible success had Garza shown any signs of minimal intelligence. I believed that and posted to that effect, once again, never, EVER, implying that it could be -or not be- a scam, my opinion reflecting only the viability of the project.

To this date, I DO NOT BELIEVE PayCoin was a scam. The raw hatred of an entire crypto community at all levels that, from the get go, went to  extremes without precedent to discredit the project, provoked its failure and prompted a supposed official investigation never ever before even pointed to and forced by the maniacs thousand upon thousands of e-mails demanding it. No project, no matter the amount of community support, would have survived such attacks from all directions... and it is still somewhat kicking, in spite of the unabated hatred rampant, probably already unrecouperable even after cutting its ties to the ineffable Garza, a sad, stupid, pathetic figure in crypto in his own right, not necessarily a scammer but a very, very, VERY stupid individual who could have so easily done so much and, again, stupidly, was not able to follow through afraid as he was of the consequences the baseless, raw hatred of even more stupid children -as well as regular people with only envy motivations-, was bringing to him.

It doesn't matter now and it serves no real purpose to further analyze here the case of Garza and PayCoin. I only post it to further, for once and only one time, expose your baseless, blatant and sectarial lies. Once again, I dont do promotions. I, very, very rarely, support projects that I consider valuable, with potential and that are GUARANTEED, not scams. Once again: GUARANTEED. That eliminates, right there, 99.99% of all projects in crypto. And I go all out after those projects that I consider outright scams -with a rate of 100% spot on so far- or not viable, for a variety of reasons, mainly the devs being unqualified to carry them out (and my record there also stands at 100%). No amount of lies, out of context quotes or underhanded attempts would deny those FACTS. Get it, liar?

Oh, another thing: I DO trade, rather widely, in many coins that I consider scams, P&Ds and otherwise non-viable. Many. That doesn't mean, like in the PayCoin case, that I support and much less promote them. I do not even promote, the projects that I DO support (2 at present), because I believe I serve those projects much better exercising critical thinking and pointing out at the problems. You, of course, and the other blind greedy bastards, wouldn't understand any of it, of course. Negativity is NECESSARY for any progress to take place (Google it, not my words), while nothing is achieved with blind positivism.

Nor with lies. Blatant or otherwise. Only temporary cover of obvious weakness that in any and all cases, backfire. Just like it had done here, to you liar boys.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: albert_mt on July 29, 2015, 06:40:01 PM
LMFAO what a clown the sick actor ;D

what about the newbies' money you took with your day trading of Paycoin while you were shilling for it???  ???
never mind, we understand, you are worried about the newbies' money here and you were not worried then  ;D


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 29, 2015, 06:47:27 PM
LMFAO what a clown the sick actor ;D

what about the newbies' money you took with your day trading of Paycoin while you were shilling for it???  ???
never mind, we understand, you are worried about the newbies' money here and you were not worried then  ;D


Batman always worries about the newbies' money, you pathetic idiot, not the traders'. That's an equal playing field.

And so does Bruce.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: threedaymonk on July 29, 2015, 06:49:42 PM

To this date, I DO NOT BELIEVE PayCoin was a scam.


This is all you need to know about barabbas, or "batman" as he prefers to be called.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 29, 2015, 07:02:46 PM


To this date, I DO NOT BELIEVE PayCoin was a scam.


This is the equivalent of saying "I DO BELIEVE the world is flat."


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 29, 2015, 07:09:04 PM


To this date, I DO NOT BELIEVE PayCoin was a scam.


This is the equivalent of saying "I DO BELIEVE the world is flat."


Really? Exactly what was the scam part? Did Garza run out with the money? Did he dump massive amounts of it at the top? Exactly how did the scam part of it worked out? Is this a different kind of scam consisting not only in NOT bringing the perpetrator any profit but also ruining his reputation and ability to do business again in his country? I'm a bit confused...

I love those convenient foregone conclusions that validate, in some people's minds, their unabated envy and hatred...


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: Netzer on July 29, 2015, 07:12:10 PM
LMFAO what a clown the sick actor ;D

what about the newbies' money you took with your day trading of Paycoin while you were shilling for it???  ???
never mind, we understand, you are worried about the newbies' money here and you were not worried then  ;D


https://bitcointalk.org/index.php?topic=900970.msg10373065#msg10373065

barabbas: "Have they any knowledge whatsoever of the ethics implied?"

He questioned the ethics of the journalist who revealed the scam. According to barabbas the journalist was unethical to reveal the scam. He is not sick. He a professional troll. You heard, he said he trades many coins. He missed the Gadgetcoin boat with the VICR and now he trolls. He knows the USD 5 price is coming and he posts FUD to get cheap coins.





Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 29, 2015, 07:26:36 PM
LMFAO what a clown the sick actor ;D

what about the newbies' money you took with your day trading of Paycoin while you were shilling for it???  ???
never mind, we understand, you are worried about the newbies' money here and you were not worried then  ;D


https://bitcointalk.org/index.php?topic=900970.msg10373065#msg10373065

barabbas: "Have they any knowledge whatsoever of the ethics implied?"

He questioned the ethics of the journalist who revealed the scam. According to barabbas the journalist was unethical to reveal the scam. He is not sick. He a professional troll. You heard, he said he trades many coins. He missed the Gadgetcoin boat with the VICR and now he trolls. He knows the USD 5 price is coming and he posts FUD to get cheap coins.





First of all, he, obviously, is not a journalist, just a wanna be with a blog happily going after crumbs for promoting projects, regardless of their value, just the crumbs, ok?

Second of all, like you, he doesn't have any clue as to what the ethics implied in journalism are. Google that also and learn something, alright? Just because someone -anonymous even- send you a "document" via e-mail, you cannot post it if you follow even the most basic ethic rule of journalism.

He doesn't need me to be discredited, he does a bang up job at that himself.

Good job, by the way, at trying to divert the attention from the many issues of this project. Not engaging any longer, though.

Now how about the convenience of those cameras from China, ah? I see a huge potential business there... (tongue very firmly in cheek, ok? so you don't exactly take it seriously, alright?)


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 29, 2015, 07:56:20 PM
Exactly what was the scam part? Did Garza run out with the money? Did he dump massive amounts of it at the top?

Here we go, the resident troll and chief wanker of Bitcointalk let us understand better his corrupt mindset. Thanks for the community effort and the hard work of investigating journalists, shills like barabbas couldn't push the Paycoin price up, Garza was caught and was unable to run away with the money, therefore barabbas' moral dictates that as Garza was caught and couldn't complete the scam it was not a scam at all.

On the other hand, the VICR owners of Gadgetcoin are after newbies' money, liars, scammers and greedy bastards.

Did you order a camera to try the GadgetCoin technology?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: mtomcdev on July 29, 2015, 08:32:59 PM

Now how about the convenience of those cameras from China, ah?

Would you like to receive a camera and try the application which is developed to industrial end-users?
Please PM your address and phone number and we will be very happy to ship a device to you, create an account for you so you could evaluate the technology.
 


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 29, 2015, 09:06:56 PM

Now how about the convenience of those cameras from China, ah?

Would you like to receive a camera and try the application which is developed to industrial end-users?
Please PM your address and phone number and we will be very happy to ship a device to you, create an account for you so you could evaluate the technology.
 

Thank you for the offer but why don't you explain to me, clearly, exactly in what way would this be profitable for your future DAC? Because this is already in use, and has been for more than a decade, in all kinds of industrial uses, from traffic and weather services to banks and cities in general, not to mention law enforcement, prisons, detention centers... where is the PLAN to make money out of it? It is FREE already. I am sure I am missing something here... but you will be kind as usual to illuminate me on the possibilities. And I am assuming -but I am sure you have all that covered-, some kind of insurance is involved against vandalism, weather damages and the like. Installation, it goes without saying, will be left to the purchaser which, naturally, will be experts at it...

While you are at it, please let me know how you propose the DAC to be a profit point for Gadget investors. Also some more specifics of the PLAN, such as carrying the books, file taxes and actually taking care of all internal deployment, control and administration. I understand that guy, Tardi, will take care of simple orders, but what happens when there has to be 24/7 customer service, administration personnel, implementation and distribution personnel... because, as you keep on pointing out, this is not just (let me put that "just" in quotes) a few models here, a bunch of gamers there, a control of content so the authorities don't just close the shop, but constant search for IoT venues, such as there cameras... also, again, explain to me how you can make money of things that are already in use and have been for many years, completely for free. For instance, anyone with a smart phone can control the temperature of his refrigerators from across the world, not to mention the thermostat of his/her  air conditioning, record TV programs etc... all for free. How do you beat FREE? Again, I'm sure I'm missing a lot here, but confident you have all bases covered.

Once I have all that explained clearly to me, I would gladly test these cameras that have been selling for years and, frankly, don't require your software at all for they come already equipped with everything necessary to connect them to your internet... Once again, I am missing something here but will be anxiously awaiting for your clear explanations and willing to get on the phone with Jamie Dimon himself to get this -and the enormous savings it will bring to him- implemented at every Chase office nin the planet.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 29, 2015, 09:22:59 PM

Now how about the convenience of those cameras from China, ah?

Would you like to receive a camera and try the application which is developed to industrial end-users?
Please PM your address and phone number and we will be very happy to ship a device to you, create an account for you so you could evaluate the technology.
 

Thank you for the offer but why don't you explain to me, clearly, exactly in what way would this be profitable for your future DAC? Because this is already in use, and has been for more than a decade, in all kinds of industrial uses, from traffic and weather services to banks and cities in general, not to mention law enforcement, prisons, detention centers... where is the PLAN to make money out of it? It is FREE already. I am sure I am missing something here... but you will be kind as usual to illuminate me on the possibilities. And I am assuming -but I am sure you have all that covered-, some kind of insurance is involved against vandalism, weather damages and the like. Installation, it goes without saying, will be left to the purchaser which, naturally, will be experts at it...

While you are at it, please let me know how you propose the DAC to be a profit point for Gadget investors. Also some more specifics of the PLAN, such as carrying the books, file taxes and actually taking care of all internal deployment, control and administration. I understand that guy, Tardi, will take care of simple orders, but what happens when there has to be 24/7 customer service, administration personnel, implementation and distribution personnel... because, as you keep on pointing out, this is not just (let me put that "just" in quotes) a few models here, a bunch of gamers there, a control of content so the authorities don't just close the shop, but constant search for IoT venues, such as there cameras... also, again, explain to me how you can make money of things that are already in use and have been for many years, completely for free. For instance, anyone with a smart phone can control the temperature of his refrigerators from across the world, not to mention the thermostat of his/her  air conditioning, record TV programs etc... all for free. How do you beat FREE? Again, I'm sure I'm missing a lot here, but confident you have all bases covered.

Once I have all that explained clearly to me, I would gladly test these cameras that have been selling for years and, frankly, don't require your software at all for they come already equipped with everything necessary to connect them to your internet... Once again, I am missing something here but will be anxiously awaiting for your clear explanations and willing to get on the phone with Jamie Dimon himself to get this -and the enormous savings it will bring to him- implemented at every Chase office nin the planet.

Now you are arguing that IoT will have no place in the world. If you would stick to your legitimate concerns you would find that people would take you seriously.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: barabbas on July 29, 2015, 09:39:53 PM

Now how about the convenience of those cameras from China, ah?

Would you like to receive a camera and try the application which is developed to industrial end-users?
Please PM your address and phone number and we will be very happy to ship a device to you, create an account for you so you could evaluate the technology.
 

Thank you for the offer but why don't you explain to me, clearly, exactly in what way would this be profitable for your future DAC? Because this is already in use, and has been for more than a decade, in all kinds of industrial uses, from traffic and weather services to banks and cities in general, not to mention law enforcement, prisons, detention centers... where is the PLAN to make money out of it? It is FREE already. I am sure I am missing something here... but you will be kind as usual to illuminate me on the possibilities. And I am assuming -but I am sure you have all that covered-, some kind of insurance is involved against vandalism, weather damages and the like. Installation, it goes without saying, will be left to the purchaser which, naturally, will be experts at it...

While you are at it, please let me know how you propose the DAC to be a profit point for Gadget investors. Also some more specifics of the PLAN, such as carrying the books, file taxes and actually taking care of all internal deployment, control and administration. I understand that guy, Tardi, will take care of simple orders, but what happens when there has to be 24/7 customer service, administration personnel, implementation and distribution personnel... because, as you keep on pointing out, this is not just (let me put that "just" in quotes) a few models here, a bunch of gamers there, a control of content so the authorities don't just close the shop, but constant search for IoT venues, such as there cameras... also, again, explain to me how you can make money of things that are already in use and have been for many years, completely for free. For instance, anyone with a smart phone can control the temperature of his refrigerators from across the world, not to mention the thermostat of his/her  air conditioning, record TV programs etc... all for free. How do you beat FREE? Again, I'm sure I'm missing a lot here, but confident you have all bases covered.

Once I have all that explained clearly to me, I would gladly test these cameras that have been selling for years and, frankly, don't require your software at all for they come already equipped with everything necessary to connect them to your internet... Once again, I am missing something here but will be anxiously awaiting for your clear explanations and willing to get on the phone with Jamie Dimon himself to get this -and the enormous savings it will bring to him- implemented at every Chase office nin the planet.

Now you are arguing that IoT will have no place in the world. If you would stick to your legitimate concerns you would find that people would take you seriously.

Credibility is not a problem I have... to your chagrin. And I am not arguing, I am honestly (what a word ah/ if only you would have the slightest hint of what it means...) asking for clarification.

Let me put it to you -and above all, others with more... lights, shall we say? Yes, people could sell stuff to each other on the internet... some even do. And yet, if people want to sell their stuff, they have to do using Amazon, and paying the hefty fees that go with it, or eBay, and paying not only the hefty fees but also the fees of PayPal. I know you believe that people is stupid for doing that, of course but, as in so many things, you are dead wrong. But I digress...

All my concerns -about this project- are quite legitimate... as opposed to your perceived interests.


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: zsp on July 29, 2015, 09:51:56 PM

Now how about the convenience of those cameras from China, ah?

Would you like to receive a camera and try the application which is developed to industrial end-users?
Please PM your address and phone number and we will be very happy to ship a device to you, create an account for you so you could evaluate the technology.
 

Thank you for the offer but why don't you explain to me, clearly, exactly in what way would this be profitable for your future DAC? Because this is already in use, and has been for more than a decade, in all kinds of industrial uses, from traffic and weather services to banks and cities in general, not to mention law enforcement, prisons, detention centers... where is the PLAN to make money out of it? It is FREE already. I am sure I am missing something here... but you will be kind as usual to illuminate me on the possibilities. And I am assuming -but I am sure you have all that covered-, some kind of insurance is involved against vandalism, weather damages and the like. Installation, it goes without saying, will be left to the purchaser which, naturally, will be experts at it...

While you are at it, please let me know how you propose the DAC to be a profit point for Gadget investors. Also some more specifics of the PLAN, such as carrying the books, file taxes and actually taking care of all internal deployment, control and administration. I understand that guy, Tardi, will take care of simple orders, but what happens when there has to be 24/7 customer service, administration personnel, implementation and distribution personnel... because, as you keep on pointing out, this is not just (let me put that "just" in quotes) a few models here, a bunch of gamers there, a control of content so the authorities don't just close the shop, but constant search for IoT venues, such as there cameras... also, again, explain to me how you can make money of things that are already in use and have been for many years, completely for free. For instance, anyone with a smart phone can control the temperature of his refrigerators from across the world, not to mention the thermostat of his/her  air conditioning, record TV programs etc... all for free. How do you beat FREE? Again, I'm sure I'm missing a lot here, but confident you have all bases covered.

Once I have all that explained clearly to me, I would gladly test these cameras that have been selling for years and, frankly, don't require your software at all for they come already equipped with everything necessary to connect them to your internet... Once again, I am missing something here but will be anxiously awaiting for your clear explanations and willing to get on the phone with Jamie Dimon himself to get this -and the enormous savings it will bring to him- implemented at every Chase office nin the planet.

Are you that stupid or are you just trolling again?

It seems you are just trolling again by arguing that innovation has no place in software, the blockchain based IoT has no place in software (see IBM's effort) and no new software should be developed because as you said there are existing software already does the job. If developers would take your advice there won't be any new software in the world anymore.

Wtf the DAC has anything to do with the camera and the security software? The DAC is for VICR owners, it's not for you. The devs said that they might form a DAC with VICR owners or might not. You are not one of the 15-20 VICR owners so the DAC has nothing to do with you, even if it is formed. Forget the DAC, you are not invited there, because you don't own VICR contract.

It was a simple question, do you want a camera because your problem was until this moment that the technology will not work. Now you can validate if the technology works. Do you want to try the technology with real, physical camera devices or not?  Try the camera to validate the claim about the technology.

Do you want to borrow the 50 dollar from me for the camera if you don't have that money?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: chocobo on July 29, 2015, 10:09:40 PM

Now how about the convenience of those cameras from China, ah?

Would you like to receive a camera and try the application which is developed to industrial end-users?
Please PM your address and phone number and we will be very happy to ship a device to you, create an account for you so you could evaluate the technology.
 

Thank you for the offer but why don't you explain to me, clearly, exactly in what way would this be profitable for your future DAC? Because this is already in use, and has been for more than a decade, in all kinds of industrial uses, from traffic and weather services to banks and cities in general, not to mention law enforcement, prisons, detention centers... where is the PLAN to make money out of it? It is FREE already. I am sure I am missing something here... but you will be kind as usual to illuminate me on the possibilities. And I am assuming -but I am sure you have all that covered-, some kind of insurance is involved against vandalism, weather damages and the like. Installation, it goes without saying, will be left to the purchaser which, naturally, will be experts at it...

While you are at it, please let me know how you propose the DAC to be a profit point for Gadget investors. Also some more specifics of the PLAN, such as carrying the books, file taxes and actually taking care of all internal deployment, control and administration. I understand that guy, Tardi, will take care of simple orders, but what happens when there has to be 24/7 customer service, administration personnel, implementation and distribution personnel... because, as you keep on pointing out, this is not just (let me put that "just" in quotes) a few models here, a bunch of gamers there, a control of content so the authorities don't just close the shop, but constant search for IoT venues, such as there cameras... also, again, explain to me how you can make money of things that are already in use and have been for many years, completely for free. For instance, anyone with a smart phone can control the temperature of his refrigerators from across the world, not to mention the thermostat of his/her  air conditioning, record TV programs etc... all for free. How do you beat FREE? Again, I'm sure I'm missing a lot here, but confident you have all bases covered.

Once I have all that explained clearly to me, I would gladly test these cameras that have been selling for years and, frankly, don't require your software at all for they come already equipped with everything necessary to connect them to your internet... Once again, I am missing something here but will be anxiously awaiting for your clear explanations and willing to get on the phone with Jamie Dimon himself to get this -and the enormous savings it will bring to him- implemented at every Chase office nin the planet.

Now you are arguing that IoT will have no place in the world. If you would stick to your legitimate concerns you would find that people would take you seriously.

Credibility is not a problem I have... to your chagrin. And I am not arguing, I am honestly (what a word ah/ if only you would have the slightest hint of what it means...) asking for clarification.

Let me put it to you -and above all, others with more... lights, shall we say? Yes, people could sell stuff to each other on the internet... some even do. And yet, if people want to sell their stuff, they have to do using Amazon, and paying the hefty fees that go with it, or eBay, and paying not only the hefty fees but also the fees of PayPal. I know you believe that people is stupid for doing that, of course but, as in so many things, you are dead wrong. But I digress...

All my concerns -about this project- are quite legitimate... as opposed to your perceived interests.

I never said that people are stupid for using Paypal, or ebay. You seem to think I am shilling this project. Go find a post where I am shilling, please. Also ebay and paypal fit into this.......how? Are you suggesting that because I am interested in cryptocurrency I believe that anyone not using it for low fees is stupid?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: altcoinUK on July 29, 2015, 10:11:40 PM

I sent email to get 2 outdoor and 1 indoor cameras. When can you send the cameras?

I spoke to a security company. The software the company currently use cost over 10K per year and the software doesn't even have an HTML5 portal never mind configuration options to assign access right to viewers via the browser, it's just a closed system. I think they will see the benefit of GadgetNet straight away. There are hundreds of security companies in the UK having similar problems with their current system.

Very good direction boys! GadgetNet will be the first Internet of Things block-chain software used in real world use cases, keep up the good work!


Thank you for your support! It will be great if you could promote the system and the best promotion is to show the system wired up with working physical devices.

Regarding the delivery time, we need to order at least 20 devices, possible more if we get more request by today evening. For ZoVolt it will take about 2 weeks to get the devices from China so realistically we can ship the cameras to you within 3 weeks.


No problem, 3 weeks is fine, this is a holiday time anyway :-)))

I spoke this afternoon to another security company and I will pass their feedback to you. I explained the access control and provisioning aspects of device management from your white paper and yes, it is a real issue with current software and since your software can make obsolete current hardware solutions/functions we have a very good chance to get into a very large and lucrative market.

If I understand correctly what's happening on github, it seems the work has started with W3C. Will you merge the W3C code into GadgetNet? I think pulling the W3C code into GadgetNet would give lots of credibility to the project.



Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: threedaymonk on July 29, 2015, 10:28:46 PM
What is the github link?


Title: Re: [ANN] [GDC] GadgetCoin | Smart Contracts on Hardware | IoT | M2M
Post by: m