[ANN] [GDGC] GadgetCoin | IoT | M2M |Smart Contracts on Hardware - page 38.

altcoinUK

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Quote from: mtomcdev on November 25, 2014, 09:41:45 AM

We are looking for test users to stress test the forging feature and security of the software. Please let us know if you are willing to run a peer node and we will create an account for you on the GadgetCoin test network. First we will run your node in our test network and later the node will run on your computer. It would be great if you could allow to run the node on a completely empty dedicated Linux virtual box to which we could remote log-in to monitor the node. The participating test nodes will forge coins and all coins will be transferred to the live genesis block to say thank you for your help in testing and finalizing the software.

I am happy to help. Our business have plenty of Linux virtual machines. These are low end 1 GB memory boxes. My understanding was from what you said in this thread that low end boxes could run the nodes. Do you need SSH access to the boxes? How many you need? 1, 5, 10? How many forged coin could we get from one node/box?

mtomcdev

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We are looking for test users to stress test the forging feature and security of the software. Please let us know if you are willing to run a peer node and we will create an account for you on the GadgetCoin test network. First we will run your node in our test network and later the node will run on your computer. It would be great if you could allow to run the node on a completely empty dedicated Linux virtual box to which we could remote log-in to monitor the node. The participating test nodes will forge coins and all coins will be transferred to the live genesis block to say thank you for your help in testing and finalizing the software.

mtomcdev

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Quote from: altcoinUK on November 25, 2014, 07:30:50 AM

Also, I think in order to succeed you need to explain better your business case and why blockhain and peer to peer enabled Internet of Things apps are good investment opportunity. The fact that IBM has entered into the race indicates a multi billion dollars business opportunity in this field, the question that need to be answered is, how coins like Bitbay, TileCoin, GadgetCoin can make money for investors? I asked this very same question actually from Bitbay and TileCoin in the past as well, and non of you guys, IoT coins provided investors with a clear business plan yet.

There is always room for improvement, but we have been putting effort in explaining the business opportunity and strategy in our white paper and this thread. It's not an easy topic to explain, but it seems the ultimate buyers of GadgetCoin, the hardware integrators fully understand the concept. We believe the early users and investors who understand the significance of Internet of Things technologies and buy GDC when it is cheap or forge it for free will be massively rewarded. We started the development of our technology well before IBM announced their development and IBM's involvement was a huge and very encouraging news for us. IBM's announcement speaks for itself and having IBM in the field helps arguing our business case for Internet of Things peer to peer applications. Once IBM announced that this is the future for hardware management and security it's just matter of time until the technology is widely adopted.

altcoinUK

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Also, I think in order to succeed you need to explain better your business case and why blockhain and peer to peer enabled Internet of Things apps are good investment opportunity. The fact that IBM has entered into the race indicates a multi billion dollars business opportunity in this field, the question that need to be answered is, how coins like Bitbay, TileCoin, GadgetCoin can make money for investors? I asked this very same question actually from Bitbay and TileCoin in the past as well, and non of you guys, IoT coins provided investors with a clear business plan yet.

altcoinUK

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I suggest the Gadgetcoin developers read this thread, especially the first post at

https://bitcointalksearch.org/topic/the-alt-currencies-bubble-is-bursting-869078

where Barabbas as always makes sense and explains why the altcoin market is finished.

If you read Barabbas arguments and reasoning you will understand that as a developer with Gadgetcoin you have a very unique opportunity, as - in contrast with the another 500 BTC/LTC clone - you have a real use case. Your coin could be useful to solve a real life business problem (just like the AI coin that I quoted above does), and GadgetCoin could actually attract new money/investment into the digital currency market.

albert_mt

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guaranteed 10 million $ market cap for the first MLM coin. 10 million $ peanuts for the ML community. if people can sell with MLM they will try everything to do so Wink

i am very excited about the gadgetcoin smart contracts, can't wait to start selling it to the MLM community.

mtomcdev

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Once we have more development firepower, the Gadget Protocol will implement all kind of digital currencies. It is just matter of time and software development. The technology is there already, it was demonstrated in the demo video that brokers can sell GDC for Bitcoin. The ultimate goal is to provide users with a technology that enables payments between humans and hardware using all kind of digital currencies.

altcoinUK

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This coin, just like this

https://bitcointalksearch.org/topic/xai-sapience-aifx-decentralized-ai-11-pos-plumedbibtp-on-testnet-864895

are very interesting indeed.

We need new technology in the altcoin market. The +500 BTC/LTC clones have been proven completely useless, no one use them at all, there is no use case for them. At least the AI coin and this has a practical use case. In this case, open a security gate using smart contracts, in the meantime charge fees in digital currency. No wonder IBM entered into this field recently.

But apart from the tech aspect, the main money making opportunity here for us investors probably the broker and MLM smart contracts. If the 10 million strong MLM community pick up the idea of selling digital currency to each other, then that will bring 10 of millions of dollars new money to the altcoin market.

Will the the broker MLM smart contracts support to sell other currencies like VeriCoin or the SuperNET assets via the Gadgetcoin network?

erwin45

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★Bitin.io★ - Instant Exchange

Quote from: mtomcdev on November 24, 2014, 07:21:27 AM

Thank you all for your support and interest. This thread was started 2 weeks ago and the interest in our technology is very encouraging. Our potential institutional investors and brokers indicate there is a market for peer to peer technology in hardware, so we keep pushing hard the software development, in the meantime the hardware module has been scheduled for production in the SMT factory.

We will keep you updated!

ill be waiting for more news Grin

especially about the presale

mtomcdev

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Activity: 310

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Thank you all for your support and interest. This thread was started 2 weeks ago and the interest in our technology is very encouraging. Our potential institutional investors and brokers indicate there is a market for peer to peer technology in hardware, so we keep pushing hard the software development, in the meantime the hardware module has been scheduled for production in the SMT factory.

We will keep you updated!

albert_mt

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Quote from: mtomcdev on November 22, 2014, 07:27:25 AM

Quote from: albert_mt on November 22, 2014, 06:16:02 AM

Quote from: mtomcdev on November 21, 2014, 03:07:07 PM

Quote from: albert_mt on November 21, 2014, 07:23:26 AM

Quote from: mtomcdev on November 21, 2014, 06:47:57 AM

Quote from: tobeaj2meraa on November 21, 2014, 02:15:26 AM

1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!

We made clear in this thread several times, last time just above your post that the pre-sale price won't be $5.00 / GDC. Brokers indicate us so far a $0.1-$0.5 pre-sale price. Ultimately, the GadgetCoin community and the market will decide the price.

if 5$ is the target price I suggest 0.5$-1$ presale price. or make target $1 and start the pre-sale with 0.1$. more than 1000%, 10x ROI makes the investment opportunity bubblelike. serious, long term investors are happy with 50% gain.

can I the broker determine the price?

Thanks for the price suggestions! The smart contracts are flexible so theoretically the brokers could define all attributes, but we think GDC Foundation should determine the price of pre-sale.

thanks

i sent a pm with the list of potential buyers. my clients loved your first software demo video, well done

when the payment demo will be ready? can we finalize the broker commission? is the 50% commission acceptable for the presale?

Thanks! Good to hear your clients loved our software demo. The software is ready for the second demo, we just need to wait our marketing colleague to finalize the video.
As the software has been written from scratch, we have the luxury to add any features that makes the platform more useful, so please let us know if you have any feature suggestions.

As for the commission, the 50% is probably too high. It would send the message that we are are desperate to sell the coin, which is not the case at all. We are working hard on the smart contract technology and of course we aim to make this a very successful coin, but the success doesn't depend on the pre-sale process.

no problem, brokers could manage the presale with lower commission. it's really awasome you build the broker smart contract feature into the software. it's goin to be big Grin

mtomcdev

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Activity: 310

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Quote from: albert_mt on November 22, 2014, 06:16:02 AM

Quote from: mtomcdev on November 21, 2014, 03:07:07 PM

Quote from: albert_mt on November 21, 2014, 07:23:26 AM

Quote from: mtomcdev on November 21, 2014, 06:47:57 AM

Quote from: tobeaj2meraa on November 21, 2014, 02:15:26 AM

1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!

We made clear in this thread several times, last time just above your post that the pre-sale price won't be $5.00 / GDC. Brokers indicate us so far a $0.1-$0.5 pre-sale price. Ultimately, the GadgetCoin community and the market will decide the price.

if 5$ is the target price I suggest 0.5$-1$ presale price. or make target $1 and start the pre-sale with 0.1$. more than 1000%, 10x ROI makes the investment opportunity bubblelike. serious, long term investors are happy with 50% gain.

can I the broker determine the price?

Thanks for the price suggestions! The smart contracts are flexible so theoretically the brokers could define all attributes, but we think GDC Foundation should determine the price of pre-sale.

thanks

i sent a pm with the list of potential buyers. my clients loved your first software demo video, well done

when the payment demo will be ready? can we finalize the broker commission? is the 50% commission acceptable for the presale?

Thanks! Good to hear your clients loved our software demo. The software is ready for the second demo, we just need to wait our marketing colleague to finalize the video.
As the software has been written from scratch, we have the luxury to add any features that makes the platform more useful, so please let us know if you have any feature suggestions.

As for the commission, the 50% is probably too high. It would send the message that we are are desperate to sell the coin, which is not the case at all. We are working hard on the smart contract technology and of course we aim to make this a very successful coin, but the success doesn't depend on the pre-sale process.

albert_mt

full member

Activity: 225

Merit: 100

Quote from: mtomcdev on November 21, 2014, 03:07:07 PM

Quote from: albert_mt on November 21, 2014, 07:23:26 AM

Quote from: mtomcdev on November 21, 2014, 06:47:57 AM

Quote from: tobeaj2meraa on November 21, 2014, 02:15:26 AM

1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!

We made clear in this thread several times, last time just above your post that the pre-sale price won't be $5.00 / GDC. Brokers indicate us so far a $0.1-$0.5 pre-sale price. Ultimately, the GadgetCoin community and the market will decide the price.

if 5$ is the target price I suggest 0.5$-1$ presale price. or make target $1 and start the pre-sale with 0.1$. more than 1000%, 10x ROI makes the investment opportunity bubblelike. serious, long term investors are happy with 50% gain.

can I the broker determine the price?

Thanks for the price suggestions! The smart contracts are flexible so theoretically the brokers could define all attributes, but we think GDC Foundation should determine the price of pre-sale.

thanks

i sent a pm with the list of potential buyers. my clients loved your first software demo video, well done

when the payment demo will be ready? can we finalize the broker commission? is the 50% commission acceptable for the presale?

mtomcdev

sr. member

Activity: 310

Merit: 250

Quote from: albert_mt on November 21, 2014, 07:23:26 AM

Quote from: mtomcdev on November 21, 2014, 06:47:57 AM

Quote from: tobeaj2meraa on November 21, 2014, 02:15:26 AM

1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!

We made clear in this thread several times, last time just above your post that the pre-sale price won't be $5.00 / GDC. Brokers indicate us so far a $0.1-$0.5 pre-sale price. Ultimately, the GadgetCoin community and the market will decide the price.

if 5$ is the target price I suggest 0.5$-1$ presale price. or make target $1 and start the pre-sale with 0.1$. more than 1000%, 10x ROI makes the investment opportunity bubblelike. serious, long term investors are happy with 50% gain.

can I the broker determine the price?

Thanks for the price suggestions! The smart contracts are flexible so theoretically the brokers could define all attributes, but we think GDC Foundation should determine the price of pre-sale.

mtomcdev

sr. member

Activity: 310

Merit: 250

albert_mt

full member

Activity: 225

Merit: 100

Quote from: mtomcdev on November 21, 2014, 06:47:57 AM

Quote from: tobeaj2meraa on November 21, 2014, 02:15:26 AM

1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!

We made clear in this thread several times, last time just above your post that the pre-sale price won't be $5.00 / GDC. Brokers indicate us so far a $0.1-$0.5 pre-sale price. Ultimately, the GadgetCoin community and the market will decide the price.

if 5$ is the target price I suggest 0.5$-1$ presale price. or make target $1 and start the pre-sale with 0.1$. more than 1000%, 10x ROI makes the investment opportunity bubblelike. serious, long term investors are happy with 50% gain.

can I the broker determine the price?

Momimaus

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Never back down !!!

mtomcdev

sr. member

Activity: 310

Merit: 250

Quote from: tobeaj2meraa on November 21, 2014, 02:15:26 AM

1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!

We made clear in this thread several times, last time just above your post that the pre-sale price won't be $5.00 / GDC. Brokers indicate us so far a $0.1-$0.5 pre-sale price. Ultimately, the GadgetCoin community and the market will decide the price.

tobeaj2meraa

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Activity: 125

Merit: 100

Quote from: mtomcdev on November 20, 2014, 05:38:56 AM

Quote from: tobeaj2meraa on November 20, 2014, 02:10:22 AM

Quote from: gadgetcoin on November 19, 2014, 08:46:23 PM

Quote from: altcoinUK on November 19, 2014, 08:30:31 PM

Quote from: mtomcdev on November 19, 2014, 11:14:06 AM

... but we intend to keep GadgetCoin's price at $5, we believe that's the price we, you and all coin holders should sell GDC to hardware integrators

How do you justify $5 price per coin for the hardware integrators?

We plan to have our first pilot project with a security company, and during our talks with them we quoted that their infrastructure would require 1000 gadgetcoins per year to run. We asked them if $5000 a year would be a reasonable price to run their yearly infrastructure. They said it was a reasonable estimate because their current software costs are upward of $60,000 (including SQL, hardware controlling etc)

Even a high-end home that would require home automation can fit this price of $5 per gadgetcoin into their budget.

Therefore we came to the conclusion that pricing $5 per gadgetcoin is reasonable to enterprise users.

What's the total gadgetcoin, man?

The genesis block will be created with at least 1 million GDC. The exact volume will be determined by the demand from early stage supporters, community members, brokers and investors. The feedback from our early stage brokers and investors indicate that at least 1 million GDC is required in the genesis block.

The plan is, that the total supply will grow to 10 million GDC via forging and staking by 2030.

It's also an option to start with a significantly higher coin supply and lower the price of the coin, i.e. to charge 0.5$ per coin for hardware integrators instead of charging $5 per coin.

Please let us know what you think, what is the better, higher volume and lower price or low volume and higher price? We're still looking for more feedback from the community, it would be a great help to us whenever someone participates and voices their opinion.

1 million * $5 = 5 million, per bitcoin is $340 now, so you want 14000 BTC roughly, as you know bitbay is only 3000 BTC and Tilecoin is only 542 BTC in ICO phase, oh man, good luck!!

altcoinUK

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Activity: 784

Merit: 1000

This proposition sounds better and better. Exciting times ahead for hardware and Internet of Things related coins. I think, apart from cocaine sale on the dark net, hardware and Internet of Things is the area where digital currencies and peer to peer mesh networks could be very useful and make an immediate impact.

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