Quote from: TPTB_need_war on March 11, 2016, 01:20:12 PM

Quote from: albert_mt on March 11, 2016, 01:04:06 PM

I was talking to the GadgetCoin devs while this was all going on. And I even advised them that CfB's implementation is probably legit. And I sort of leaned them towards not burning their bridges with Iota, even though David (iotatoken) is a hothead for threatening (in a private message) to sue me for simply writing my IANAL opinions/research about the implications of USA securities regulation.

Nevertheless I am sad to report that my conclusion after investigating is there is no money in IoT (now, maybe a decade from now but the corporations are looking for open source and open solution, not some proprietary token launched from scammy ICO). It is just another buzzword and these coins want to get endorsement from some big corporations, so they can go pump the tokens. I understand altcoinUK's expose on Iota could cause problems for such a marketing model.

I tried to see if we could do some collaboration around the Streemo code w.r.t. to my social networking plans. But it just doesn't seem to fit. So I had to just fall away from that discussion. The Gadget coin folks I was exposed to seemed to be ethical as far as I could tell.

I am interested in creating software that users use and I get feedback from them daily and they have feature requests for me. That is what I find rewarding. All these strategies for mining investors is so far removed from what I think software development is all about.

So I am almost out-of-here. Will finish up and bite my tongue and let go of this place...

thank you for your civil post. you are right and the GDc investors understand you are right. it is very difficult to make money in IoT with a digital currency token. it is being discussed in the GadgetCoin Ryver forum.

albert_mt

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