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.

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.

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.


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.


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



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.

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.

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.

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.

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!

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.

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

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.

I tried to answer this above at July 18, 2015, 09:24:11 AM.

There is no point to keep the ores as it is, and the ore should be forged into GDC.

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.

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.

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?

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.

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.  

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.

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.

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.