Just saw this thread on WTC....
Traded this since listing, and made some good profits after going in and out for about a month of trading. However, after a botched "fake" contest, I sold everything and moved on to other coins.
To the best of my knowledge, its a legit setup and youtuber Boxmining actually visited their shop and interviewed them. They also showcased their blockchain based RFID application. Promising project actually but it didnt give me that 1000x vibe.
https://www.youtube.com/watch?v=RzhXncTVOzAThere is a WTC wallet that can mine well on 1080tis and CPUs -- I did a test but after 24 hours, no coins mined, so I abandoned the project.
The WTC wallet does *not* mine well on 1080 Ti's - anyone can grab it from Github, so don't rely on my word. It recognizes only one GPU. You can run version 1.0.17. 1.0.19, and 1.0.20 side by side across different machines and you will see widely different global hash rates showing on all three machines.
I watched the first few minutes of your linked YouTube video. These special RFID tags are beneath what appear to be QR codes printed on paper hanging from a thread. If this is all about "authentication," what's to stop me or anyone from cutting off the tag on one orange coat and moving it over to a knock-off orange coat? Why is this project promising? What about it makes any sense?
Disclosure: I don't own this shite, I never traded it. I got sucked into it yesterday and I hope to not be talking about it a week from now.
Trading and making good profits have nothing to do with whether something makes sense in a real world "use" case.