[ANN] [GDGC] GadgetCoin | IoT | M2M |Smart Contracts on Hardware

[Shame_Game]

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.

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[mtomcdev]

@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.

[AddictedToPorn]

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.

[mtomcdev]

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!

[mtomcdev]

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.

[albert_mt]

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.

[AddictedToPorn]

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 Build up the Jizzmo brand and let Jasmin buy the DAC business. Can we claim the ownership in the DAC business?
 

[NoFudOnlyFacts]

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

[altcoinUK]

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.

[zsp]

@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.

[barabbas]

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.

[altcoinUK]

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.

[NoFudOnlyFacts]

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.

[albert_mt]

@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?

[barabbas]

@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%.

[barabbas]

@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?

[chocobo]

@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.

[altcoinUK]

@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.

[altcoinUK]

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.
 

[barabbas]

@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...