🌟 ⚡🚀ANN: GATCOIN Blockchain Rewards Program [Presale on 28 October]🌟 ⚡🚀 - page 97.

bitsurfer2014

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Quote from: the_donald on October 14, 2017, 09:05:58 AM

Quote from: Trrrt on October 14, 2017, 07:31:14 AM

The partnership with sk planet japan seems to be great. They already manage a reward program for customer with COTOCO and gatcoin will use it to spread the platform. Gatcoin can profit a lot of that partnership, I think the platform will be week adopted in Asia.

I think it all depends on how things will go with this first partnership. If it's a success then we can expect a surge in token value.

Yeah, it will be the litmus test that I hope will serve as a catalyst for GATCOIN's success.

Rigorous

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anu

legendary

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RepuX - Enterprise Blockchain Protocol

I do not fully understand the subject. or let me tell you what I understand. Any brands or companies wanting to create a coin, will they create a coin with this platform and use it in their campaigns? Did I understand correctly?

Trrrt

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Yes its true, the partnership will open a lot of business if its a sucess, and the Asian market is huge and crypto friendly, I really think gatcoin can work very welll here. I have big hope for this partnership and the next to come.

haxllega

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Quote from: ParRus on October 14, 2017, 11:32:47 AM

Quote from: the_donald on October 14, 2017, 09:05:58 AM

Quote from: Trrrt on October 14, 2017, 07:31:14 AM

The partnership with sk planet japan seems to be great. They already manage a reward program for customer with COTOCO and gatcoin will use it to spread the platform. Gatcoin can profit a lot of that partnership, I think the platform will be week adopted in Asia.

I think it all depends on how things will go with this first partnership. If it's a success then we can expect a surge in token value.

you can see how they plan using marketing to make a popular project in the Asian region, I think success is guaranteed

If the first partnership is a success many others will follow and we will see more partnerships coming fast. Let's hope they will also be available in America and Europe soon.

mike0182

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Quote from: pynetx on October 14, 2017, 12:06:41 PM

Quote from: viljy on October 14, 2017, 10:58:29 AM

Quote from: SEELE^^01 on October 14, 2017, 10:44:27 AM

well, a little airdrop campaign for gatcoin tokens will be really nice and could spread the awareness of this project even more >< just a little amount would be perfect >< hrrr

If ICO has already been announced, and then airdrop is suddenly announced, it will be perceived as a decrease in the value of the project, and not as a spread to attract attention. So it's hardly necessary to do this.

I agree with you. Airdrop is not a good idea while ICO is near. Airdrop should be used for the marketing purpose but not when ICO is yet to start.

Typically, airdrop uses projects that are difficult to attract the audience. At the expense of gatcoin, I would not say so, he has already attracted a significant audience than practically ensured success in ICO

Rigorous

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Quote from: Sozialtourist on October 14, 2017, 12:45:59 PM

Quote from: SEELE^^01 on October 14, 2017, 12:14:08 PM

Quote from: Rigorous on October 14, 2017, 11:49:30 AM

That is an impressive performance.

Who can run Super Large Ledger nodes? Are they restricted to consortia merchants and GATCOIN? So while the GAT Coins live on the decentralized Ethereum network, the Merchant Tokens could be considered more or less centralized, if not in terms of hardware but in terms of control?

and what is the speed of the gatcoin token then? i assume the max to 100tps, due to the token being on the ethereum blockchain, or am i wrong?

Yes because GATcoin token will be on the ethereum platform it won't profit from the transaction speed of the SLL technology.

I think the idea is that Merchant Tokens will need much higher TPS than the GAT Coins. The Merchant Tokens are used by customers in the real world, while the GAT Coins are used for buying and selling Merchant Tokens in the crypto market.

Sozialtourist

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Quote from: SEELE^^01 on October 14, 2017, 12:14:08 PM

Quote from: Rigorous on October 14, 2017, 11:49:30 AM

Quote from: ben_GAT on October 14, 2017, 10:43:07 AM

Apologies for the delayed reply. This is a very excellent point and we’re glad you looked so thoroughly through our white paper to find it. The data you cited from Visa represents the STRESS testing and PEAK transaction speeds that Visa can handle—for example, AliPay can currently handle 180k TPS at peak. However, the average TPS for Visa is still in the 4,000-5,000 range. Our figures in the white paper are for our average as well. We can handle up to 100k TPS for short periods (such as holidays like you mentioned) but we feel reporting this number gives a false impression of our capabilities and that average is much more important. No company can reliably offer 47,000 TPS as an average. Even Ethereum Enterprise which is aiming for just 100 TPS has yet to reach it. We feel this is really one of the hidden strengths of GATCOIN.

That is an impressive performance.

Who can run Super Large Ledger nodes? Are they restricted to consortia merchants and GATCOIN? So while the GAT Coins live on the decentralized Ethereum network, the Merchant Tokens could be considered more or less centralized, if not in terms of hardware but in terms of control?

and what is the speed of the gatcoin token then? i assume the max to 100tps, due to the token being on the ethereum blockchain, or am i wrong?

Yes because GATcoin token will be on the ethereum platform it won't profit from the transaction speed of the SLL technology.

the_donald

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Quote from: pynetx on October 14, 2017, 12:06:41 PM

Quote from: viljy on October 14, 2017, 10:58:29 AM

Quote from: SEELE^^01 on October 14, 2017, 10:44:27 AM

well, a little airdrop campaign for gatcoin tokens will be really nice and could spread the awareness of this project even more >< just a little amount would be perfect >< hrrr

If ICO has already been announced, and then airdrop is suddenly announced, it will be perceived as a decrease in the value of the project, and not as a spread to attract attention. So it's hardly necessary to do this.

I agree with you. Airdrop is not a good idea while ICO is near. Airdrop should be used for the marketing purpose but not when ICO is yet to start.

Airdrops can be done after the ICO, if the conditions are met beforehand. lots of projects promote themselves that way.

SEELE^^01

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Activity: 952

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Quote from: Rigorous on October 14, 2017, 11:49:30 AM

Quote from: ben_GAT on October 14, 2017, 10:43:07 AM

Apologies for the delayed reply. This is a very excellent point and we’re glad you looked so thoroughly through our white paper to find it. The data you cited from Visa represents the STRESS testing and PEAK transaction speeds that Visa can handle—for example, AliPay can currently handle 180k TPS at peak. However, the average TPS for Visa is still in the 4,000-5,000 range. Our figures in the white paper are for our average as well. We can handle up to 100k TPS for short periods (such as holidays like you mentioned) but we feel reporting this number gives a false impression of our capabilities and that average is much more important. No company can reliably offer 47,000 TPS as an average. Even Ethereum Enterprise which is aiming for just 100 TPS has yet to reach it. We feel this is really one of the hidden strengths of GATCOIN.

That is an impressive performance.

Who can run Super Large Ledger nodes? Are they restricted to consortia merchants and GATCOIN? So while the GAT Coins live on the decentralized Ethereum network, the Merchant Tokens could be considered more or less centralized, if not in terms of hardware but in terms of control?

and what is the speed of the gatcoin token then? i assume the max to 100tps, due to the token being on the ethereum blockchain, or am i wrong?

pynetx

sr. member

Activity: 798

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Quote from: viljy on October 14, 2017, 10:58:29 AM

Quote from: SEELE^^01 on October 14, 2017, 10:44:27 AM

well, a little airdrop campaign for gatcoin tokens will be really nice and could spread the awareness of this project even more >< just a little amount would be perfect >< hrrr

If ICO has already been announced, and then airdrop is suddenly announced, it will be perceived as a decrease in the value of the project, and not as a spread to attract attention. So it's hardly necessary to do this.

I agree with you. Airdrop is not a good idea while ICO is near. Airdrop should be used for the marketing purpose but not when ICO is yet to start.

Rigorous

full member

Activity: 574

Merit: 115

Quote from: ben_GAT on October 14, 2017, 10:43:07 AM

Apologies for the delayed reply. This is a very excellent point and we’re glad you looked so thoroughly through our white paper to find it. The data you cited from Visa represents the STRESS testing and PEAK transaction speeds that Visa can handle—for example, AliPay can currently handle 180k TPS at peak. However, the average TPS for Visa is still in the 4,000-5,000 range. Our figures in the white paper are for our average as well. We can handle up to 100k TPS for short periods (such as holidays like you mentioned) but we feel reporting this number gives a false impression of our capabilities and that average is much more important. No company can reliably offer 47,000 TPS as an average. Even Ethereum Enterprise which is aiming for just 100 TPS has yet to reach it. We feel this is really one of the hidden strengths of GATCOIN.

That is an impressive performance.

Who can run Super Large Ledger nodes? Are they restricted to consortia merchants and GATCOIN? So while the GAT Coins live on the decentralized Ethereum network, the Merchant Tokens could be considered more or less centralized, if not in terms of hardware but in terms of control?

SixFigures

sr. member

Activity: 798

Merit: 252

Quote from: Rigorous on October 10, 2017, 06:23:10 AM

Quote from: SixFigures on October 10, 2017, 05:18:23 AM

Quote from: Rigorous on October 06, 2017, 02:02:27 PM

Another example is medical data. For example, if hospitals combined all data on cancer treatments and cancer patients, there could be more effective treatments. The reason is that cancer is commonly treated in a one-size-fits-all fashion (tons of chemo and radiation) instead of a personalized treatment based on the type of cancer and its location among other characteristics.

But many hospitals prefer to sit on their data, which by the way is often stored in a non-standard proprietary format too. This situation is not helped by privacy advocates fighting medical databases.

https://www.statnews.com/2017/06/06/data-sharing-cancer-treatment/

Now we are straying far away from GATCOIN's area but I think the message that analyzing consumer data could provide a mutual benefit is clear.

Yes this is another very interesting and relevant example from your side. I think you can gain infinite benefits from analyzing data over and over again. Logically, there is no limit to the results that you could gather from a growing set of data. We need the infrastructures in place that provide sufficient security for all the data to be pooled and analyzed without violating privacy aspects. We are on the right way I think.

The danger lies in "there is no limit to the results that you could gather from a growing set of data." You can combine and massage data in any way you want to get any result that is desired.

Risking a Godwin, here is an example:

Chillingly, there can be no question that the Geheime Staatspolizei’s aura of omniscience was due in no small measure to its special competence in gathering and organizing huge quantities of data on resistance movements, potentially subversive individuals, informers, industrial firms, publications, even other security agencies, and making that information readily accessible to its field agents through an ingeniously contrived system of multi-colored index cards. One shudders to think what the Gestapo might have done with just a handful of the data-mining tools currently employed by the NSA.

And:

the "only way to protect the people’s privacy is not to allow the government to collect their information in the first place.”

http://www.businessinsider.com/stasi-talks-about-nsa-surveillance-state-2013-6

Or perhaps more relevant to us:

“Miners are getting jailed and accused of terrorism, money laundering, computer crimes and many other crimes,” read one comment from a user who claimed to be Venezuelan.

https://www.washingtonpost.com/news/worldviews/wp/2017/03/10/bitcoin-mining-is-big-business-in-venezuela-but-the-government-wants-to-shut-it-down/

Filling in those PC hardware cashback forms with your name and address could land you in trouble. If GATCOIN has a way to redeem rewards without giving away that much personal information, that would be a boon for privacy.

I 100% agree with you and I like the sources you provided. I think with blockchain infrastructures we are on a good way to have both massive data analytics and individual privacy. How it all plays out? We will see in the future Wink

ParRus

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Activity: 490

Merit: 104

Quote from: the_donald on October 14, 2017, 09:05:58 AM

Quote from: Trrrt on October 14, 2017, 07:31:14 AM

The partnership with sk planet japan seems to be great. They already manage a reward program for customer with COTOCO and gatcoin will use it to spread the platform. Gatcoin can profit a lot of that partnership, I think the platform will be week adopted in Asia.

I think it all depends on how things will go with this first partnership. If it's a success then we can expect a surge in token value.

you can see how they plan using marketing to make a popular project in the Asian region, I think success is guaranteed

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: viljy on October 14, 2017, 10:58:29 AM

Quote from: SEELE^^01 on October 14, 2017, 10:44:27 AM

well, a little airdrop campaign for gatcoin tokens will be really nice and could spread the awareness of this project even more >< just a little amount would be perfect >< hrrr

If ICO has already been announced, and then airdrop is suddenly announced, it will be perceived as a decrease in the value of the project, and not as a spread to attract attention. So it's hardly necessary to do this.

They should do an Airdrop for some GAT tokens with their A drop technology. That would be outstanding and really cool but I guess it's not possible cause this system is meant for the merchant tokens.

matjas

full member

Activity: 798

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Do we already know if there is some world famous merchant among those who are in the COTOCO program and will start using Gatcoin platform? Or they are mostly Japanese and local companies?

viljy

hero member

Activity: 1736

Merit: 857

Quote from: SEELE^^01 on October 14, 2017, 10:44:27 AM

well, a little airdrop campaign for gatcoin tokens will be really nice and could spread the awareness of this project even more >< just a little amount would be perfect >< hrrr

If ICO has already been announced, and then airdrop is suddenly announced, it will be perceived as a decrease in the value of the project, and not as a spread to attract attention. So it's hardly necessary to do this.

SEELE^^01

full member

Activity: 952

Merit: 137

well, a little airdrop campaign for gatcoin tokens will be really nice and could spread the awareness of this project even more >< just a little amount would be perfect >< hrrr

ben_GAT

newbie

Activity: 32

Merit: 0

Quote from: Affchain on October 13, 2017, 09:16:49 PM

Quote from: Affchain on October 11, 2017, 03:31:34 PM

Quote from: kraterion on October 09, 2017, 03:49:43 PM

Quote from: Affchain on October 09, 2017, 02:52:24 PM

I like the project and all but there is some information in the whitepaper that is pulled from some very old reports on the transaction speeds of VISA.

Whitepaper

Quote

1 According to Professor Wei-Tek Tsai, test results operating on 4 nodes using
IBM 4 x86 processors produced verified transaction speeds of an average of 5,000 transactions
per second (TPS) which is equivalent to average Visa/Mastercard processing speeds.

2004
https://www.informationweek.com/visa-tests-transaction-processing-system/d/d-id/1026381

Quote

During the annual weeklong stress test, conducted at an IBM facility outside Washington, D.C., Visa ran the system at a processing load of 6,200 transaction messages per second, a 20% increase over last year's peak on Dec. 24 of 5,200 transaction messages per second. Each card purchase requires about two transaction messages.

2013
https://www.visa.com/blogarchives/us/2013/10/10/stress-test-prepares-visanet-for-the-most-wonderful-time-of-the-year/index.html

Quote

After the test is concluded, the VisaNet team determines the best configuration to maintain our higher levels of security and reliability when millions of transactions from all over the world hit the network during the holiday shopping season. As a result, they also come back from Gaithersburg with a number that represents the maximum processing capacity VisaNet can handle, which later is stamped on coffee mugs and distributed to the team involved in the test. This year’s “mug number” – as we like to call it – is 47,000 transaction messages per second, which is a huge step forward from 2012’s peak capacity of 30,000 transaction messages per second!

I didn't have time to look up the current transactions per second capabilities of VISA so don't quote me on this but I vaguely remember hearing Vitalek say they were over 69,000 TPS. The 5,000 TPS capabilities are from 14 years old data. Please correct me if I'm wrong. I'm no expert in this field. I decided to do a quick search after thinking about Vitalek the Visitor's talk a few months back.

So my question to GATCOIN is, who looked up and verified your whitepaper's numbers?
My next question is.... Is your tech ready to handle the load of the holidays? With November and December comes a tripling of TPS at the minimum.

That is a small typo if anything and in my opinion does not reflect the capabilities of this project as a whole. Nor does it raise any red flags. After reading through the whitepaper again I actually saw the brilliance behind this idea and I am still a supporter. Just thought I'd point this out to see how the team reacts and also to have it brought light by a supporter rather than a trolly nay-sayer.

Interesting, so the peak txs/s for Visa back in 2013 was around 23,500 (because 47,000 tms , 1 tx = 2 transaction messages). Whitepaper says "average", now that you brought up this, I wanna know what's the peak for GAT blockchain

This is something I want to know too. I highly doubt they would reach even half of the capacity they have available in terms of T/PS but I think they should comment or at least change the data in their whitepaper. It's easy to see how they got those numbers. It's not data that is very popular but for some reason when searching it the old, old data pops up and takes over the first page of results.

Chinese, Japanese, who cares what nationality the dev team is? I've asked a real question about the data in the whitepaper four times now. Why can I not get a response. I have been supporting this project and treated the 14 year old data I the whitepaper as a typo. That's a big part of this project and I would like to know why that was overlooked. I'm nowhere near professional in this field and I saw that was very wrong. This team should have seen that and immediately fixed it.

Apologies for the delayed reply. This is a very excellent point and we’re glad you looked so thoroughly through our white paper to find it. The data you cited from Visa represents the STRESS testing and PEAK transaction speeds that Visa can handle—for example, AliPay can currently handle 180k TPS at peak. However, the average TPS for Visa is still in the 4,000-5,000 range. Our figures in the white paper are for our average as well. We can handle up to 100k TPS for short periods (such as holidays like you mentioned) but we feel reporting this number gives a false impression of our capabilities and that average is much more important. No company can reliably offer 47,000 TPS as an average. Even Ethereum Enterprise which is aiming for just 100 TPS has yet to reach it. We feel this is really one of the hidden strengths of GATCOIN.

FIEX

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Activity: 630

Merit: 276

Quote from: cantdecide on October 14, 2017, 10:06:51 AM

Quote from: levyashin on October 14, 2017, 09:52:50 AM

Quote from: cantdecide on October 14, 2017, 08:54:25 AM

Quote from: toolucky98 on October 14, 2017, 07:55:07 AM

Quote from: Elkmar on October 14, 2017, 07:39:41 AM

Quote from: Mystic90 on October 14, 2017, 05:04:39 AM

Since you will do a rewards program. Why dont you contact a website like airdropalert and let them airdrop a bunch of coins to get a wide distribution of coins? I am sure people in this
tread will be happy if they can get some airdrop GATcoins

Quite a good idea !

It's true that the more users there is, the more the money will be known and used.

They will make an airdrop? where can i see the statement about it? If so, when will it happen?

I don't think there will be an airdrop currently. These are just speculations from users how Gatcoin could make more user traffic.

Yes, it was just a brainstorming in the thread. There is not such a thing, for now at least.

It has been airdrop shower for some time. "Airdrop" word is drawing too much attention.

It's crazy how people are going for airdrops now in the hope to get some free money. Of course, I also love to take free "money" but recently there are like 20 new airdrops each day, that's really too much.

Say airdrop, let them fill in a form with emailaddress... then you have a nice mailing list when the ICO starts Wink

.
Give everyone 1 GATCOIN

and I'm sure some will buy more.

But on the other hand...
Aidrops are losing there values, everyone is creating a Aidrop in the hope to make free money. If this goes on people will automatically link airdrop with scams. So for a project as GATcoin, I think that an airdrop isnt the best idea

Topic: 🌟 ⚡🚀ANN: GATCOIN Blockchain Rewards Program [Presale on 28 October]🌟 ⚡🚀 - page 97. (Read 51549 times)