[ANN] [GDGC] GadgetCoin | IoT | M2M |Smart Contracts on Hardware - page 43.

mtomcdev

sr. member

Activity: 310

Merit: 250

Quote from: albert_mt on November 14, 2014, 08:43:43 AM

how you going to compete with ethereum and bitbay? too many coins try to do decentralized markets, exchanges, smart contracts.

No, GadgetCoin doesn't implement a decentralized market place, we are focusing only on one area and trying to do that very well, which is smart contracts on Internet of Things. Ethereum and BitBay are great projects and we don't compete with them, GadgetCoin will be more a complement to existing solutions. Even Ethereum and BitBay will be able to use our API, and we envision a mutually beneficial partnership with all digital currencies.

albert_mt

full member

Activity: 225

Merit: 100

how you going to compete with ethereum and bitbay? too many coins try to do decentralized markets, exchanges, smart contracts.

altcoinUK

hero member

Activity: 784

Merit: 1000

Quote from: mtomcdev on November 13, 2014, 06:15:04 AM

Quote from: albert_mt on November 12, 2014, 10:01:33 PM

Quote from: altcoinUK on November 12, 2014, 04:47:36 PM

Quote from: albert_mt on November 12, 2014, 04:20:40 PM

I invested in BitBay today and I am looking forward to investing in GadgetCoin Grin

to keep my Internet of Things eggs in two baskets Grin

I have a feeling that both will be fine Wink

It's a smart move to diversify your investment but you will have not the same type of eggs, as BitBay and GadgetCoin seems to me are two very different eggs. I just had a very long chat with David Zimbeck the BitBay lead developer, he is a very nice guy and obviously a very knowledgeable software engineer, and he confirmed that BitBay will not work on IoT software, but they will try implementing a Mesh Network. So based on what the lead developer said your BitBay egg is not an IoT egg.

Though it doesn't really matter, in my opinion both BitBay and GadgetCoin are exciting technologies.

Cool

Question to mtomcdev, what will be the retail price of the development board hardware?

We aim to keep the retail price under $50.00. We would like to hear from our supporters, whether the $50.00 price range is reasonable and correct for this device? Please check the schematics and let us know your opinion!

With $50.00 price tag a Zigbee/WiFi enabled board is probably too cheap. Even this is an open source project, you can sell the service/product with profit. I would put the price at closer to $100.00. I checked the schematics, the board looks good, this is a dual radio network board which is quite rare, you could charge for such board a lot more than $50.00.

I like the idea of Zigbee/WiFi co-existence, it could be useful for many use cases, and of course for an IoT application you definitely need WiFi and most of the time Zigbee.

mtomcdev

sr. member

Activity: 310

Merit: 250

Quote from: billotronic on November 13, 2014, 03:21:11 PM

Will this also run on OpenWRT?

Yes it will. Compared to bare-metal systems, our primary platforms or real time operating systems like FreeRTOS or Nucleus which is our secondary platform, OpenWRT is a powerful embedded Linux and will be perfect to run the software. It's quite good you have mentioned it, we discussed here earlier the potential of using our Gadget tech on routers, and OpenWRT is quite strong in that field, many routers run on OpenWRT. Before the release, the software will be definitely tested on OpenWRT!

gadgetcoin

newbie

Activity: 13

Merit: 0

Quote from: chesthing on November 13, 2014, 03:04:49 PM

10m coins $5/coin to start, do I have that right? if so you must hate investors.

Hi there,

It's not going to be $5 per coin, as we mentioned on the first page, the $5 figure was a reference to the yearly fee for businesses using our network. We do not intend to collect $5/coin from early stage investors. Apologies if it was not clear enough

billotronic

legendary

Activity: 1610

Merit: 1000

Crackpot Idealist

Will this also run on OpenWRT?

chesthing

legendary

Activity: 1414

Merit: 1000

10m coins $5/coin to start, do I have that right? if so you must hate investors.

mtomcdev

sr. member

Activity: 310

Merit: 250

Quote from: albert_mt on November 13, 2014, 09:25:26 AM

Wow, I just try to understand what smart contract is and I found something interesting

https://bitcointalksearch.org/topic/m.9531498

Ethereum has 2-3 seconds transaction time. gadgetcoin's transaction time is really 1 second?

I think that's a very important point and the poster is absolutely correct. Transaction time is probably the most important factor in smart contract processing. Digital currencies and smart contracts strive to compete with FIAT money, FIAT and stock exchanges. Having 10 minutes, 1 minute, 30 seconds transaction times that won't be possible when currently a FIAT transaction takes 100-250 milliseconds. Personally I worked with banking and currency trading software, and I can't remember any transaction logs where the transaction time was more than 500 milliseconds. This area is a bit overlooked by existing digital currencies. We learned a lot from Vitalik and Ethereum, and I think he is totally spot on with this one, just like with most of other design issues. I have to agree with Vitalik that smart contracts won't be able to replace conventional business processes with 10 minutes, not even with 20-30 seconds transaction time, especially not in hardware related applications.

I can confrim, our aim is that GadgetCoin to perform smart contracts within 1 second and you will be able to test this feature soon.

albert_mt

full member

Activity: 225

Merit: 100

Wow, I just try to understand what smart contract is and I found something interesting

https://bitcointalksearch.org/topic/m.9531498

Ethereum has 2-3 seconds transaction time. gadgetcoin's transaction time is really 1 second?

albert_mt

full member

Activity: 225

Merit: 100

Quote from: mtomcdev on November 13, 2014, 06:15:04 AM

Quote from: albert_mt on November 12, 2014, 10:01:33 PM

Quote from: altcoinUK on November 12, 2014, 04:47:36 PM

Quote from: albert_mt on November 12, 2014, 04:20:40 PM

I invested in BitBay today and I am looking forward to investing in GadgetCoin Grin

to keep my Internet of Things eggs in two baskets Grin

I have a feeling that both will be fine Wink

It's a smart move to diversify your investment but you will have not the same type of eggs, as BitBay and GadgetCoin seems to me are two very different eggs. I just had a very long chat with David Zimbeck the BitBay lead developer, he is a very nice guy and obviously a very knowledgeable software engineer, and he confirmed that BitBay will not work on IoT software, but they will try implementing a Mesh Network. So based on what the lead developer said your BitBay egg is not an IoT egg.

Though it doesn't really matter, in my opinion both BitBay and GadgetCoin are exciting technologies.

Cool

Question to mtomcdev, what will be the retail price of the development board hardware?

We aim to keep the retail price under $50.00. We would like to hear from our supporters, whether the $50.00 price range is reasonable and correct for this device? Please check the schematics and let us know your opinion!

I asked my friend, he is a geek and knows this stuff, he said $50.00 for a Zigbee & WiFi board is good price.

mtomcdev

sr. member

Activity: 310

Merit: 250

We have just received the latest IoT white paper from Atmel. According to Atmel there will be 50 Billion connected IoT devices by 2020. Gartner projected 20 billion devices last year. It's very encouraging to hear from a reputable source that our chosen market is rapidly growing!

mtomcdev

sr. member

Activity: 310

Merit: 250

Quote from: albert_mt on November 12, 2014, 10:01:33 PM

Quote from: altcoinUK on November 12, 2014, 04:47:36 PM

Quote from: albert_mt on November 12, 2014, 04:20:40 PM

I invested in BitBay today and I am looking forward to investing in GadgetCoin Grin

to keep my Internet of Things eggs in two baskets Grin

I have a feeling that both will be fine Wink

It's a smart move to diversify your investment but you will have not the same type of eggs, as BitBay and GadgetCoin seems to me are two very different eggs. I just had a very long chat with David Zimbeck the BitBay lead developer, he is a very nice guy and obviously a very knowledgeable software engineer, and he confirmed that BitBay will not work on IoT software, but they will try implementing a Mesh Network. So based on what the lead developer said your BitBay egg is not an IoT egg.

Though it doesn't really matter, in my opinion both BitBay and GadgetCoin are exciting technologies.

Cool

Question to mtomcdev, what will be the retail price of the development board hardware?

We aim to keep the retail price under $50.00. We would like to hear from our supporters, whether the $50.00 price range is reasonable and correct for this device? Please check the schematics and let us know your opinion!

albert_mt

full member

Activity: 225

Merit: 100

Quote from: altcoinUK on November 12, 2014, 04:47:36 PM

Quote from: albert_mt on November 12, 2014, 04:20:40 PM

I invested in BitBay today and I am looking forward to investing in GadgetCoin Grin

to keep my Internet of Things eggs in two baskets Grin

I have a feeling that both will be fine Wink

It's a smart move to diversify your investment but you will have not the same type of eggs, as BitBay and GadgetCoin seems to me are two very different eggs. I just had a very long chat with David Zimbeck the BitBay lead developer, he is a very nice guy and obviously a very knowledgeable software engineer, and he confirmed that BitBay will not work on IoT software, but they will try implementing a Mesh Network. So based on what the lead developer said your BitBay egg is not an IoT egg.

Though it doesn't really matter, in my opinion both BitBay and GadgetCoin are exciting technologies.

Cool

Question to mtomcdev, what will be the retail price of the development board hardware?

mtomcdev

sr. member

Activity: 310

Merit: 250

Thank you every one for your interest.

We have asked the device assembly factory to speed up the manufacturing of the development board. To keep the size small we use plenty of 0402 size capacitors and resistors, and the board requires a precision SMD manufacturing process. Fortunately, it seems the factory could allocate a slot and the board will be manufactured sooner than we expected and we will be able to ship the board soon. This Zigbee/WiFi enabled board will be a great starting point for hardware integrators to develop IoT applications. We will keep you informed.

altcoinUK

hero member

Activity: 784

Merit: 1000

Quote from: albert_mt on November 12, 2014, 04:20:40 PM

I invested in BitBay today and I am looking forward to investing in GadgetCoin Grin

to keep my Internet of Things eggs in two baskets Grin

I have a feeling that both will be fine Wink

It's a smart move to diversify your investment but you will have not the same type of eggs, as BitBay and GadgetCoin seems to me are two very different eggs. I just had a very long chat with David Zimbeck the BitBay lead developer, he is a very nice guy and obviously a very knowledgeable software engineer, and he confirmed that BitBay will not work on IoT software, but they will try implementing a Mesh Network. So based on what the lead developer said your BitBay egg is not an IoT egg.

Though it doesn't really matter, in my opinion both BitBay and GadgetCoin are exciting technologies.

albert_mt

full member

Activity: 225

Merit: 100

I invested in BitBay today and I am looking forward to investing in GadgetCoin Grin

to keep my Internet of Things eggs in two baskets Grin

I have a feeling that both will be fine Wink

Youghoor

sr. member

Activity: 1036

Merit: 275

Quote from: tylerderden on November 12, 2014, 10:56:13 AM

so what more bullshit ico or is it mineable?

ico is more of a kind.

altcoinUK

hero member

Activity: 784

Merit: 1000

Quote from: tylerderden on November 12, 2014, 10:56:13 AM

so what more bullshit ico or is it mineable?

It seems to me it is not mineable, as the DEV explains it, the instant transaction processing won't make possible the mining. If miners confirm the transaction, then the transaction cannot be instant.

It was said to us there is no "up front money collecting" from investors. I hope they will distribute the coins for free like BRO promised it :-)))

tylerderden

copper member

Activity: 1162

Merit: 1025

so what more bullshit ico or is it mineable?

TheInfidel

hero member

Activity: 532

Merit: 500

Better die on your feet, than live on your knees

This is certainly a breath of fresh air in the Crypto cesspool.
Watching real close.
This is something that can be implemented into existing businesses.

Looking forward to seeing more.

Good luck

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