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

[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?

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...

[altcoinUK]

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 :-))))  

[barabbas]

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.

[AddictedToPorn]

 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

[barabbas]

 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...

[AddictedToPorn]

 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.

[zsp]

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.

[zsp]

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.

[mtomcdev]

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.


 

[mtomcdev]

[Shame_Game]

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.

[altcoinUK]

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.

 

[zsp]

With friends like barabbas, you don't need enemies.

[altcoinUK]

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.
 

[mtomcdev]

We are performing maintenance and update on the Jizzmo server and it will be down for a few minutes.

[mtomcdev]

Development Update

Blog

We are rolling out the streemo peer to peer live video streaming application on the GadgetNet network.  streemo 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.

[mtomcdev]

[Shame_Game]

Awesome! Man next Friday can't come soon enough.

[albert_mt]

this will be insanely big if the p2p streaming really works.

[altcoinUK]

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?