Topic: [ANN] [GDGC] GadgetCoin | IoT | M2M |Smart Contracts on Hardware - page 30. (Read 88533 times)

Is there another way to invest in the company besides buying VICR contracts?

GadgetNet LLC, and it is in Wyoming.

Fantastic, what's the name of Company "B"?

As first use cases we will need to stream adult and gaming contents so I will explain the requirements regarding to those. These require to run our hybrid RTMP-WebRTC node software and you need a server rather than a PC. You don't need a powerful server to start with, but obviously if you have more power then your server can stream more video and you can earn more ores. The main requirements are the bandwidth and network connection. I suggest 250 Mbps and 1 Gbps respectively - more is obviously better. And the main issue is the internet traffic, you will be broadcasting quite a few TB data - large scale video streaming generates a huge traffic.

Terms of software, you will have to download the source of our streaming software and compile it or alternatively we can send you the binary. The platform is Linux for this specific node and we use mainly Ubuntu servers. (The P2P streaming client will run on Windows, Mac and Linux).

EDIT:

Please do not rent or buy a server just now, please wait until we post specifics about the launch date of streaming!

The share capital of GadgetNet LLC is US$ 100,000 and there are 100,000,000 shares with US$ 0.001 per share price. Each VICR contract can claim 200,000 shares which is US$ 200 share capital. So the VICR contract gets 900 GDC and the 200,000 shares in GadgetNet LLC, but again, we are not advertising a share purchase option with this and this is entirely an optional claim of ownership that is attached to the commission contract. Since this is a decentralized autonomous corporation we thought the shares should be A voting shares. Also, there is a drag-along clause attached to the shares.

 How could I Runn a stream server node to earn ore？
is it just runing a specific software on PC？ or need buy some Hardware？

Wow. I just told someone not long time ago here in BCT that I would be interested in these type of tech and coins, because projects like this could attract VC investment - permit the project is managed properly. On that note, you need a communication and marketing guy ASAP!

What is the share capital of the LLC, how much share can be claimed with the VICR and what is the share class?

wow, wow, wow! I will get my BTC from my mining partners tomorrow and I will buy the VICR contracts. If you see 5 contracts are coming through that will be mine  

We have been organizing this structure. We have registered two companies to implement the structure. Company "A" which name is GadgetNet LLC (Delaware State File Number: 57077-25), is the DAC company which hold 100% ownership in company "B". The reason of this two tier company structure is that we will bring further investment  into the project from venture capitalists. Unfortunately, VC investor firms don't even start considering a deal with an LLC company which has many individual owners like Company "A" will have. I am not sure why, but that's how VC firms work, according to them, they tried many times, but failed to close the deal with private companies that was owned by many-many owners. Such deal is just too much hassle, wast of time for them. So we will have to bring Company B into the deal of VC investment. The VC will have to talk to one representative of Company B, which simplifies the investment process without compromising the interest of our early angel investors who owns (together with the developers) 100% of Company B via Company A, GadgetNet LLC.

We believe a serious VC investment is absolutely essential to take the GadgetNet blockchain concept to large and medium size businesses and IoT system integrators.

Company A, GadgetNet LLC will be the DAC by managing company matters (such as voting and profit distribution) via the blockchain and smart contracts.

The ownership in Company A, GadgetNet LLC will be claimed via the VICR contracts. The ownership in GadgetNet LLC comes with the VICR contract for no extra charge. The ownership isn't mandatory, it is entirely optional for VICR contract owners to claim ownership in the DAC company. VICR contract owners don't have to claim their ownership in GadgetNet LLC, but we believe such formalized partnership provides all stakeholders with many benefits. In due course we will explain to VICR owners how to send a signed message to claim their ownership.

DISCLAIMER
Please note we are not selling company shares nor it's a securities offering. The ownership in GadgetNet LLC is an extra option for free of charge to formalize partnership with angel investors who are interested in digital currency. The option of claiming ownership in the DAC company does not effect the rights of VICR owners regarding to the 5% commission nor other aspects of the contract.

Yeah, this repeated studio advertisement was annoying.

This isn't a place for you to keep spamming your advertisement, once is more than enough.

I remember it was a picture in the OP and you posted a while back about a DAC (decentralized autonomous company) will be created here. Is it still on the table?

referral fee. I asked the devs and according to them we can set up a smart contract to pay out the referral fee from my studio's earnings.
My studio is in Budapest, Hungary and primarily we are interested in East European models, preferably from Hungary, Romania, Ukraine and Slovakia. We provide apartment, laptop, high quality HD camera, working visa for the Ukrainians and up to 70% share from their gross earnings.

Please send me message if you know someone and are interested working with my studio.

Well thought plan and I am happy to see the good progress. This coin has a bright future.

I can understand that, I am the biggest supporter of this project and I agree with most of what they do. I only stated the fact that the lack of decentralization is issue for the larger community.

Anyway, I couldn't care less that users  - who debate all day long about absolutely irrelevant technicalities like the fucking POS 50% attack and other nonsenses - stay away because this is centralized. I care about technology very much and I promote Bitcoin for years, but I had enough from that nobody is using the fucking thing after 5 years of struggle. Finally projects like this and Tilecoin try to break the ice and bring digital currencies to businesses.

And I was not moaning, it is fine by me if the larger digital currency community don't like this idea. Less VICR contract will be sold and my coins will have more value. There will be less competing stakeholders and I can run more streaming nodes.
They can keep debating about POS/POW and other absolutely irrelevant malarkeys. Why those subjects are irrelevant? Because nobody is using the 1000 exchange listed fucking alt currencies in the first place, except day traders for P&D. In the meantime this project can prove that digital currencies can bring value to businesses, and most importantly we will make money here.


 

I fully agree. Without having some centralization in the system we are simply unable to work with real world businesses. In order to comply with money laundering regulations and filter out sick, illegal content such as child pornography we must have certain centralization. Besides that, only administrative part of the system is effected by centralization to manage model sign up, check IDs, bank account details for cash out and process FIAT payments. The core modules such as the P2P nodes, public ledger part of the blockchain are decentralized. We have a choice, have some centralization and as you said provide for users better and more convenient services with lower cost or thinking rigidly about centralization and do nothing about that models currently get paid 50% and sometimes even less from the service providers.

decentralization and digital currency  is tools, for giving user better and more convenient services with lower cost.

I understand why centralization is required in the software, but I think the lack of decentralization will keep the digital currency community away from Gadgetnet.

Got it, Thanks!