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, 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.

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.

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.

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".....

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

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.

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.