Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [GDGC] GadgetCoin | IoT | M2M |Smart Contracts on Hardware
by
Nxtblg
on 13/01/2016, 20:14:26 UTC
I still think the adult video was a good idea, but you were right that it's just too difficult to crate the business. The evil in the details.

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

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.

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