Topic: [ANN] [GDGC] GadgetCoin | IoT | M2M |Smart Contracts on Hardware - page 4. (Read 88533 times)

We apologize for the inappropriate language, conflicts and personal attacks that regularly appear in the thread, and we are really sorry that the visitors of the thread have had this experience.
Our intention was to create a forum to discuss GadgetCoin and Internet of Things.
 

@altcoinUK
Your behavior and language is absolutely disrespectful.
Please leave the GadgetCoin thread. You disparage this project by pretending to be a supporter of the ideas when all you care about is making money.

What you say reflects a selfish, greedy racist liar.
(Reported to mods)

Sure. Now, fuck off with your delusional self importance nonsenses and options, and stop trolling in this thread.

You can keep making excuses, it will change nothing. The only option you have left is to create another account. Or keep the current one if you make posts without expecting others to take them seriously.

Oh dear … you are undoubtedly a super smart fellow, your educated and valuable input in TPTB_need_war’s thread clearly indicates that you have an exceptional intellect which could help achieving great things instead of utilising it for scams which you do … but what a pathetic attention whore you are.

Let me try to get my head around this betting.

So here is a Lukashenko's dick licking Belarusian punk (you) who is enjoying the protection of a corrupt dictatorship by hiding in the most depressed shithole of Europe while organising the newest scam … so this anonymous punk announces that he thinks the only way I can be an honourable man if I send some money to somewhere to prove something that he, a Belarusian wanker did or did not do something. Lets put aside the fact that you have serious psychological issues if you think you are so important that I should be even slightly concerned about what you think, but essentially you are saying that I would need to prove myself to you, a Belarusian wanker, otherwise you will continue trolling in this thread.
Let me try to get my head around the most likely never ever returning life time opportunity which gives me the opportunity to impress a nobody from Belarusia by jumping on his post on an anonymous forum, because this wanker thinks that he is so important that I must redeem myself as well prove myself to him. Are you serious or you just trolling this thread? I understand that you are very much butthurt from my comments, but why do you think it is important to me what low life scammers like yourself think?

Noone trusts your words after you failed to prove that they are worth anything.

Guys, please listen TPTB_need_war. He is the smartest person in this whole crypto universe. Additionally, he is a very honest man, he is not a low life P&D scammer. I am willing to give up some from my share holding in order to get his regular input. He has the knowledge and ability take this project to the next level.

Hard to find a payment provider that allows large volume, instant BTC to FIAT exchange. Most likely we need to start with FIAT and credit card payments, without processing BTC.

Thank you very much for your supportive comment back at the time and your post now.




It is encrypted even on the private device node. We thought it is necessary to keep the transaction information not only in the public blockchain, but on the node level too. We were trying to solve privacy and provide anonymity at the time, but soon we realized anonymity is not possible without trusted nodes. The idea was, don't give full power to the trusted nodes in managing the data and don't rely 100% on the honesty of trusted nodes, don't assume the trusted node will always return the correct data. The individual nodes keep the transaction data locally to prove the balance and transaction history. Most likely it is an unnecessary complication.




Currently the system uses FIPS compliant ECDSA and EC Diffie-Hellman for key exchange. We will look into the Winternitz signatures.




You assumed correctly, all current contracts are hard coded. We don't have a turing-complete scripting language for smart contracts in the system. We thought it's not feasible to implement such module on low constraint IoT devices. The idea was that smart contracts could be very useful in device provisioning and device management, but it seems businesses and end users don't see a lot value in smart contract. The smart contract concept on IoT devices needs to be revisited.

Thank you!

So that's what did it...no volatility-buffering payment provider with any volume. A shame.

IoT is an entirely new concept for me, and I am just now reading the GadgetCoin white paper. I have not had time to study the W3C working group or any other resources on this topic. Note I did make a supportive comment early on in this thread, commending the attempt to create user level apps utilizing crypto-currency.

Some initial thoughts on IoT/WoT:

• Why have IoT private databases? Use encryption instead, which is more secure. Network intrusion is impossible to 100% prevent, even if you use a sneakernet, e.g. the Stuxnet attack.
• Reputation/trust systems for consensus are not advisable because they are not anti-fragile (see Taleb's math). Thus they trend to centralization over time.
• Low-power, resource constraints favor Winternitz signatures over ECDSA for authentication in terms of the CPU cost although the bandwidth cost rises exponentially compared to ECDSA as bit-security increases. For encryption, a Diffie-Hellman exchange will be required to establish a shared encryption key, but this will not be a real-time requirement.
• Afaics, smart contracts incur the multiplicity of verification cost. The only solution I thought of is zk-snarks, but then the proving cost is very high, which isn't applicable to low, resource IoT/WoT. Seems contracts for IoT will need to be hard-coded efficient scripts, unless another technical solution can be devised.

that means everybody is idiot and scammer. IOTA and Gadget don't make sense. only barabbas can see the truth.

Oh you are of that other camp? I have stated many times that my real identity is Batman, though. As such, I have great expectations for my next movie. I don't know if that will answer your question in a positive manner... The fact you are here in and of itself is an indication that probably not.

But remember: Batman. Occasionally, Bruce Wayne...

I do and spoke to the developers many times about it.
I have signed up studios in Hungary and Romania. these are well established studios with super models. they are ready to switch, the 90% pay out is an incentive.
The developers demoed the system  for us. the web site was ready for a long time ago. the studios liked the Jizzmo web site.
Everything was ready to go, but the August-September BTC volatility came. it was 30% swing in BTC price twice and I couldn't demonstrate the studios how the volatility can be eliminated.
The studios wanted to receive a fix amount for each minute broadcasting, but the devs couldn't get instant BTC to USD exchange from any payment providers for high volume. I couldn't get either. The big Romanian studios generate 1 million USD per month. very big amount and the payment providers won't instant exchange that for a startup adult business. it was offered me 5000 US dollar exchange per month. the studios laughed me when heard that amount.
I agreed with the devs that once the GadgetNet company is accepted by the payment providers then we contact the studios again. the studios are keen to work with me, they can save lots of money with this system.
barabbas was correct that the business plan is having issues. I think we can start it step by step, building up the exchange amount from small to high amount.
I understand the devs do work on other part of the system. once they not so busy I hope we can revisit the adult video business.

Is anyone still trying to make that, er, connection? If not, anyone have the lowdown on why the effort foundered?

Maybe some kind of interoperability via APIs? (Admittedly, I'm talking over my head tech-wise...)

Hmm...from what I've (haven't) seen, there's no place to buy or sell any GadgetCoin now.

There isn't one right now just being discussed.