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all 21 comments

[–]fent11 26 points27 points  (0 children)

Great work WTC team. Incredibly professional and transparent towards it's ever-growing community.

[–]thelatemercutio 18 points19 points  (0 children)

This project is goddamn bullet proof. They've thought of everything. They are just so ahead of the curve it's not funny.

These AMAs are extremely clarifying and thorough. I always say I couldn't be more confident in this team, but then AMAs like this come out and make a liar out of me again and again.

Thank you guys so much.

[–]TIMo_OTHY 16 points17 points  (1 child)

Cant wait for q1 2018

[–]decadura 2 points3 points  (0 children)

But you have to ;-)

[–]NetworkTraveler 12 points13 points  (0 children)

Great news guys. Go go team! This is awesome.

[–]JCvalentyne 10 points11 points  (1 child)

Stocked up on more WTC. Cleared up grey areas like getting GitHub and getting on bigger exchanges.

[–]OptimusMaximusCrypto 1 point2 points  (0 children)

Once we get that Github and wallet, we will definitely see ourself on bigger exchanges.

I hope that we can get cold staking through the ledger, that would be a dream come true and relieve my worries.

[–]Eric_Zookeeper 4 points5 points  (0 children)

So much to look forward to in 2018. man i just can't wait

[–]_cheefy 2 points3 points  (0 children)

Thank you for the consistent and clear communication.

[–]Fatal_Koala 2 points3 points  (0 children)

What an incredible, clear, concise QnA - fill my bags up baby!

[–]Trk- 3 points4 points  (4 children)

Q1 is not really answered, how can the RFID reader know when an employee is grabbing the item? Not talking about check-out but merely grabbing

[–]gingafyd 4 points5 points  (0 children)

The sequence of RFID reads are time-aligned for interpretation of user behaviors and interests.

I thought they answered it very well.

Examples:
1) Item A, goes on Shelf A. Customer picks up item A, and returns to Shelf B. Employee later picks up Item A and returns to Shelf A. Data analysis could ignore the pick up of Item A from Shelf B.

2) Employees cleanup department near closing time - say the last hour of the day. Many items are moved around, returned to correct shelves, restocked, etc.. During this hour the analysis could ignore all item movements from grab rate data.

[–]kits_ 2 points3 points  (0 children)

All data has noise, something like an employee grabbing an item is irrelevant because over a long enough time period they'll do that with every item, therefore increasing the grab rate an even amount and unaffecting the data.

With a bulk accidental move like the one described in the question, something like that is easily picked up on during data analysis.

[–]loves2splooge 1 point2 points  (0 children)

No it was answered perfectly, let me elaborate.

The RFID tags are aligned with specific readers. If a shirt is placed in the wrong rack -- it simply won't be read the next time it is grabbed, because the reader does not recognize it. So an employee removing this shirt from the wrong rack will not skew the data at all -- it will be ignored automatically. Only after the shirt is back in the correct rack will the next "grab" be read and added to the blockchain.

Also, notice in the boxmining video that removing a shirt is an event written to the blockchain. Returning it back on the rack was not. So only true grabs by customers from the correct rack will be stored on the blockchain.

I think the better question would have been: how will companies handle the potential for bad actors to "grab" an item over and over to skew the results in their brands' favor. In that situation -- data analytics would help ignore those kinds of things but they may want to be careful how much they divulge to the public lol.

edit: changed wording

[–]wtcrfid 0 points1 point  (0 children)

It's like collecting data for anything else, really. If you want to answer a survey with all 5 out of 5 marks and not take it seriously, your data will be thrown away and considered too extreme.

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[–]redditouille999 1 point2 points  (1 child)

Last thing are your RFID chips EMP proof? Thank you Walton team!

omg this guy.

[–]steffannn 1 point2 points  (2 children)

During this AMA I've asked the team to explain how a high token price could be in the interest of the customer and the company since it seems obvious that the higher the token price, the more expensive the solution to the customer becomes, plus a high volatility in the price of the solution is not workable for large corporations that need to plan the precise cost of an investment. There has been a lot of discussion around this on Slack and Reddit and no one has been able to give an answer. This means all of us are just speculating on the idea that if Walton becomes successful, the token price should become expensive (rather then Waltonschain's stock price) and we all make a lot of money. I will still keep quite a lot of coins for now as i'm cinvinced the price will inflate further precisely due to everyone's blind speculation on the price mechanism of the token but as i'm not a (big) gambler I will not invest further. I know a lot of people had this question and I suppose some of them have asked it during the current AMA. The fact that this most essential issue of all (let's admit, a high price is ultimately the only thing we are really interested in) is not addressed is a major red flag to me. Happy speculation to all :)

[–][deleted]  (1 child)

[deleted]

    [–]steffannn 0 points1 point  (0 children)

    I do know if it was asked since I asked myself. Plus there really isn't a more fundamental question then this unless you're a philanthropist. How can the answer not be 100pct crystal clear and satisfactory to everyone?

    [–]karlito-manuelo 0 points1 point  (0 children)

    This is byfar the most technical and transparent AMA ive ever read. Kudos to the team!

    [–]ethgodx 0 points1 point  (0 children)

    man they better have cold staking for the masternodes otherwise that would be a huge let down