The GadgetNet DAC shares has been issued to all VICR accounts.

Instead of the 20% that was discussed earlier we decided to give away 50% shares to our investors. Therefore, the developers own 50% of the total company shares and the VICR investors own the other 50% of the shares.

Total 19,442,000 has been issued. 100 shares has been allocated to each GadgetCoin, so if you have 1,000 GDGC then you should receive 100,000 GadgetNet DAC shares. If you see an incorrect figure please let us know and we will fix the issue, but everything should be correctly in place.

Currently the shares price is 3 US$ cents per share. You will be able to sell the shares when the share sell/buy function is enabled, most likely later this week. We are talking to angel investors and VCs and if you decide to exit your investment then you will be able to sell the shares to a minimum at 3 cents per share price. We are creating a business with a real product for real world clients and we hope the share price of GadgetNet will increase, so please hold on to your shares if you can as we are targeting the 10 cents per share price within the next few months.

You can review your DAC share holdings by log in to your wallet and clicking on the "DAC" menu item under the "Account" menu.

Yes, we can discuss all details on Slack.
Currently all of us work part time on GadgetCoin. Once we start generating revenue with GadgetNet then we will start working on the project in full time.

Nothing has changed. The Internet-of-Things device operators must pay a network fee, the network fee is paid in GadgetCoin, and therefore device operators have to buy coins in order to use the platform.

That's very true.
Apart from Bitcoin, only projects that innovate can and will survive. There are a handful of projects that innovate, one of them Gadgetcoin - that's why I support it in the first place, not to mention that because of the innovation and real world use cases, this is the very few projects that can actually make money in long term. Even I have doubt that Ethereum or NXT will make money in long term, because there is no assurance at all, more precisely it is very unlikely that for example any country will switch its land register to a new technology by using the Ethereum's smart contracts, so I am not sure where the money is going to come from to Ethereum or NXT in the long term. In the meantime, at least Gadgetcoin/Gadgetnet has a realistic chance to make money by addressing real world use cases such as empowering Internet of Things (connected) cameras.

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.

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.  

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.
 

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.

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.

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.

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.

There is a /1eJRGjm]post at our blog site it was submitted yesterday to explain the streemo application.

Could you please post here what is the Chinese QQ group code?

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 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.

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?

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.

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.