Bitcoin Forum

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INTRODUCTION
Gems is a protocol for contracting workers to perform micro tasks. Workers stake tokens in order to prove validity of their tasks and earn a reusable computed trust score, enhancing the cost-efficiency of the network while democratizing access to scalable micro task workers.

Micro tasks are small tasks that require human judgment, can be completed independently over the internet, and are part of a larger unified project. Micro tasks aid organizations that need humans to complete tasks computers otherwise cannot. Micro tasks are used in a wide range of large scale distributions, whether by machine learning researchers to gather structured labeled data for training purposes, or by large companies, such as Facebook, Google, Twitter, Ebay, and Linkedin, to refine their production ready solutions and provide further model training. Billions of micro tasks are completed each year. The Chinese government alone uses 2 million micro task workers to aid in censoring the internet.

Unfortunately, the current centralized marketplaces are wrought with problems. Amazon charges requesters a minimum 20% fee on any amount paid out to workers and an additional 5% for requesting workers that have a good track record. Furthermore, tasks with 10 or more assignments are charged an additional 20% fee, totaling upwards of 40% in total fees. With over half of MTurkers reportedly earning less than $5 an hour, MTurk has been describe as the sweatshop of online crowdsourced labor. To use Crowdflower, on the mos basic plan requesters must pay a $3000 USD onboarding fee and $1500/month continuation
fee with an annual contract. This does not include payment to workers, which is paid separately. Furthermore, there is an additional 15% fee on any payments given to workers. Additionally, manually verifying the accuracy of results from workers is difficult. To ensure quality results, requesters currently rely on redundancy, oftentimes having 5-15 workers perform the same task to form a consensus. This is undoubtedly wasteful. Requesters pay 5-15x as much per project, and workers lose out on a potential increase in payment. Non-managed platforms do not supply interfaces needed to accomplish specific tasks. Currently,
requesters will either build their own tools or pay large fees to startups looking to tackle the enterprise market, wasting millions of dollars. Micro task workers also have issues with the system. The entirety of the labor pool does not have access to current micro task marketplaces. A staggering 38% of the world’s population does not have a bank account, hurting their ability to work in and contribute in current 4 systems.

Lastly, the signup and approval process for workers is nebulous and privacy invasive, leaving many wondering if they will even be able to contribute to this marketplace. The unofficial subreddit for workers on MTurk is riddled with users asking when they will be approved and many others offering condolences saying it may take months if ever.

The solution is Gems. In this paper we introduce Gems, a decentralized, open-sourced, human task crowdsourcing protocol built on top of the Ethereum blockchain. Using the Gems Protocol, anyone can tap into the power of scalable micro task workers without needing to worry about task verification, trust, or payments. Gems is designed to disincentivize malicious actors and reward fair players. The Gems Protocol is comprised of a staking mechanism to ensure task completion, a trust mechanism to track worker integrity, and a payment system to reduce transaction fees. The GEM token, a multi-utility token, fuels the Gems Protocol. Gems uses its token mechanism to enforce the behavior of all participants, instead of being regulated by a single operator. We further introduce the first application using the Gems Protocol, aptly named the Gems Platform. The Gems Platform connects those who want work done (henceforth known as “requesters”) and human workers (henceforth known as “miners”). By using the Gems Protocol, the Gems Platform removes socioeconomic barriers that exist in centralized alternatives (e.g. large fees, market inefficiencies, need for bank accountants, etc.). Anyone can build on top of the Gems Platform, creating “modules” that are interfaces for particular human tasks. The first module the Gems team will build focuses on labeling data for AI. In this paper, we describe the Gems Protocol, the GEM token mechanism, the current problem with existing platforms, the Gems Platform, and the reasons we initially focus on AI tasks. The Gems Protocol, Gems Platforms, and modules built on top of it are collectively known as the Gems Network.

In summary, the Gems Network addresses the following:
1. Removing the middleman taking a large fee
2. Verifying accuracy of results from crowdsourced tasks
3. Supplying and building reusable interfaces
4. Removing the need for existing banking infrastructure
5. Properly incentivizing and disincentivizing miners and requesters


TEAM
https://i.gyazo.com/9551c8edb1feb0b4880d2a793311d815.png

Love this project, Hope to get into the whitelist. Will get even more attention once more details arise.

Hi everyone! Just added Gems ICO to my website https://concourseq.io/Q/Gems. ConcourseQ is a collaborative due diligence community that researches and reviews ICOs. Anyone with an account can submit information to your page, so we are reaching out to this community to get you all involved in the discussion. Thanks! PS: If you have any questions about filling in the info, feel free to ask us in our discord group: https://discord.gg/j8RBAwB

Very excited for the road map. The team seems to developing/expanding at a very impressive pace!

Here is the first Q1 roadmap: https://blog.gems.org/gems-quarter-1-roadmap-bb35bb49fbe9

Could someone please explain me the following?

I've read the whitepaper and everywhere throughout it there is a talk about removing the redundancy that exists in current centralized solutions.  And that the work of a worker will be verified only with some probability.

But as far as I understand, the redundancy plays important role in establishing the solution's accuracy which is close to 100% in redundant case.

I mean, if the work is performed by a single worker then the human factor plays a big role. Even the big specialist will make mistakes time after time. A mediocre specialist might make mistakes say 3-5% of the time. And given that the verification of their work is probabilistic, most of the unintented mistakes will be presented to requester as a proper answer (which is not).

On the other hand, the redundant systems don't have such a problem.

Am I getting something wrong?

Another question that is not clear.

Here's the image from the whitepaper:
https://gyazo.com/843418524494e99ae38c6c91776de773

So the whitepaper's writer claims that is is impossible to sign up as a worker @ CrowdFlower. Where did this claim come from?

I was able to register as a worker in 10 minutes. And in another 20 minutes I've made my first 0.04$.

I joined the mailing list; the pre-alpha demo looks interesting, looking forward to a live demo and updates!

Nice project, think its next top10 coin, its really useful.

Nice project, I just submitted the form for the Gems Community Program. I look forward for some news.

to submit the whitelist you need to join gems telegram group here: https://t.me/gemsorg and open the form on the pinned message. Get on the train before it's too late. Today is the last day of the whitelist.

This is potential ICO in 2018. I try to not miss it  :)

I am anxious to find out how big this will be. It definitely caught my attention.

Just read the whitepaper and definitely interested. Seems promising.

Only two brothers in the team? Will be it  enough for realisation of such project? Background of founders looks very promising for me, but I not able to buy this tokens.

Do you have bounty programm?

Hm, sounds promising. can't wait to hear more. :)

Is there a bounty program? I can do translations if needed. I'm fluent in Spanish, Italian, Serbo-Croatian, Swedish, and Portuguese.

This project has been great from day one. The most organised and focused upcoming project. Goodluck team, i Join community and wait sale

When will start pre-sale ?

Hope this is a successful project. :-*

Is there a bounty program for this project?

I first I didn’t understand what Gems was trying to achieve, but after some research, I realized that this will be huge; helping participants make more money from performing micro task, while helping companies insure quilaty. With the all star team and its’ connections this is surely a winner!!

This project is a real great project with strong team and marketing. It will moon after ICO.
 

Despite all the Telegram activity, it's tough to gauge sentiment on the project (since there is little activity outside of the Telegram group). The premise is interesting. How does this whitelist work? Do we need to join the Telegram to participate in the token sale?

Very cool project, love the way theire building a community

#leime82
#letsgo!

I'm willing to join the bounty if there's any like social media or telegram. Thanks

As far as I know, the presale registration has closed today. Awaiting email confirmation for whitelist.

Not a lot of details has been given yet. Probably there will be a whitelist and a KYC for crowdsale as well, when it will come.

Interesting project. It has a huge amount of followers on telegram alone. Almost 40k without any dates bout the presale yet. This most certainly is one of the projects which has the most hype I've seen behind it.

This looks like to be the hottest coin for 2018. Massive community

The project is great. I missed the whitelist. I am hoping I won't miss the sales.
The thing is maybe there should be a limit for purchasing amount of tokens. If there are whales in the list, they will be getting all the tokens and manipulating the market for fishes. That is against the purpose of the project. We can think of whales as middle people described in the project..

Any way hope the project works out perfect and you will help people to gain decent money...

Will whitelist for pre sale be announced jn the coming weeks?
Or more likely in februari

A great project, I can't wait to know more about ICO details, what is the price of ICO? how much is your soft and hard cap? thanks

YET ANOTHER ICO SCAM THAT HAS NOTHING TO DO WITH ACTUAL GEMSTONES? :\ GO PLAY IN TRAFFIC KIDS.

http://sttpml.org/wp-content/uploads/2014/06/sb-11-Skull_Bones_05.gif

This is just another hype media project, it will be way overvalued from day one and will  be dumped because you all have been FOMO to buy..
online survey project lol

http://www.thediamondloupe.com/articles/2015-10-09/warning-about-investment-scheme-backed-fancy-colored-diamonds

 ::)

fucking scammers .

I’ve just seen the project. I was going to join to community programme but they closed the applications at the 8th of the month. Nevertheless I will follow it.

Great names, great project!
If translations needed for ANN thread or whitepaper, I am eager to do it for Turkish.

A strong team is a plus. In Whitepaper, they compare themselves to Amazon. It is necessary to understand that freelancing is a platform for proffessionals, and in Gems earn "ordinary people." On such sites, the main task - the collection of emails, the distribution of symbols, the distribution of data by category. It is not easy to do this, especially in the market that we see now. The customers will be large companies - such If the market rebounds quickly, then I admit the success of Gems. In general, the theme of the project is very promising, there are billions of dollars!

tokens need whitepapers? :-D *thats funny*

Currently the ICO market is saturated, but Gems Protocol is an interesting project and I'll be watching! It will be an easy-to-use project and people will see applications! How many tokens? How will the distribution be?

Ok, what kind of jobs should I be thinking of when they say micro tasks that require human judgment? Like an example or more?

fundamentalist bitcoiners are opposed to ICO scams..the acronym "ico" was created by poloniex masterminds as a way to temporarily circumvent IPO securities laws ~ in 2018 = game over ;) weee  

Gems whitelist is already full up. I missed it.

dafaq you talking about "whitelist" bwahaha  :o

Don't even know how much is the token supply or the price/token. Seems like they will announce today (23/jan).

Gems seems a very hot project, but why its ANN on btt is not that hot? And is there any promotion bounty for this project?

Has the supply or the token price been announced? And where to get these information, the manager of ann is not very active.

imho.. carefull with this ICO... "talk about gems with your friends, family... " now they began the sale with a "hurry up style" in order the contributor can take advantage of the bonus (ridiculous %, that decrease to 0 in few hours..).. seems some kind of "i take your money fast and fly away"..take a look at the telegram channel.. people is very angry.. right now, i wouldnt touch this project either with a stick.. stay away
when talk about what was happening.. they banned me.. RED FLAG: ON!

Everyone is going crazy about the token sale but I would simply like to know at which point everyone will be able to utilize gems and earn through microtasks?

Is everyone desperate looking for ICOs and trying to get a quick profit instead of being interested in the actual aim of the project?

 Just when I thought I seen everything. From one of the most promissing ICO`s turned into nightmare. They wouldn`t reveal their economics because intention was suplly similar of Ripple with $8 a token at ICO in a Dutch kind of auction.
People had become furious to find all this out after being used as mules for marketing purposes.
This two Harvard dropouts are giving ICO`s a bad name. Please check it out at their telegram channel.

Someone asked "when moon", had to reply him devs are up to build a death star.
10`s of billions USD hard cap for mechanical turk? Sanity is in question here. Avoid at all costs.

Project with minimum info. Why you don`t point soft/hard cap? Or you don`t know how much money you need?

This is the useful but very common project. I don`t understand why so many hype arount it.

This project is strange. Minimum info, no bounty, no facebook, no token price, no soft/hard cap, two public team members and 50000 people in telegram. I see only two pluses: really cool advisers and MVP. But I found that advisers don`t mentioned Gems like adviser in LinkdIn.

hard cap =soft cap=ALL THE MONEY THEY CAN GET!!!!!!
keep safe, stay away!

they already cheated millions of users, fake expectations to have a free marketing campaign... as other member said before "People had become furious to find all this out after being used as mules for marketing purposes" 0$ spent.. many people engaged in social media, everywhere talkign about GEM.. now it turns to be at least suspictious.. high amounts to be collected in no time! the founders are here to make easy money and fly far away. you have been warned.

ALSO they are banning everyone who talking about this on their telegram channel.
25% token for sale, 75% token for the team and there is dutch auction  ;D
the team is TOO GREEDY!

Surprisingly quiet on gems bitcointalk. People freaking out on telegram, reddit.
And yes, Gems seems pretty dodgy after all.

But I cannot suppress a mild smile: for weeks everyone was sucking up to Gems in an extraordinary way, to be able to participate in the ICO.
Blinded by greed.
And then came the reality check: money.
And now everyone's pissed off.

I sure am glad I did not get into the 'proof of loving gems' facade (and still got whitelisted btw)

Gems were just using people to do marketing for them
Now they just released a token metric that's so fucking bs
No caps, Dutch auction, only 20% of total supply is for sales out of 8b tokens and you only have 1 hour to send your contribution otherwise you lose your bonuses which is a huge risk of paying a premium on their tokens
Gems team waited till there's so much hype and demand for their ICO and pulled this shit cuz and seems like they just wanna get as much money as possible
Greedy bastards.
I will stay away! Goodluck for other

epic scams are obvious ... simple test: does it have "ICO" in the name?  ::)

People should take in consideration that less than 23000 paticipants are whitelisted. So a hardcap of 30b would be unlikely reached. My guess is that the average participant invests around 1000 to 2000 $ worth of ether, which gives cap of 25M to 50M.

They banned me too for same shit ;)

I am very very disappointed by gems. Critizism in the Telegram results in an immediate ban. The ICO is actually a complete money grab. Investors are getting baited with 10-20% bonuses, that are limited for 1-2h. But thats actually the time period in which the price is highest because its a dutch auction. Using a dutch auction is really bad for an ICO. Newbies and people who didn`t check the system carefully will just throw their money at them cuz of FOMO. This is retarded.
This is the same as spitting your investors in their face. First you expect them to shill your project and then you want them to buy overpriced tokens. And when Gems hits an exchange the team will dump them so hard.
Biggest ICO win for a company but a huge money grab. I can only warn people. Stay away from this, you can get your coins cheaper on an exchange afterwards.

I recommend to stay away from this ico, its a money grab!

https://www.youtube.com/watch?v=otGNWLqaw3c

an easier way to understand why people are staying away from this ICO.. u will get wrecked with your life savings.

Does someone know what meen Gems "updated token structure"?

Total agreed with you guys!
With their greedy team like this even now they cancel it just stay away. Never go back to them.
Money is everything they're looking for so what's do you waiting for from this greedy team? They only want your money.
Just small change can't make their mind change!
BTW, GEMS just cancelled their auction cuz of all the negative feedbacks from the community!
I will never invest to the project even it great vision but with suck team then nothing make sense!

I agree that a dutch auction is very bad for investors, but I would still keep an eye on their telegram channel as they will most likely change it to a regular ico fundraising after everyone jumped on them. At this time we can just wait and see what will happen.

Quantstamp project has been their precursors. And only the investors who took the project seriously were accepted to it. The same also available in this project. And they have created a very nice community.

Is there a bounty program for this project?

Hmm my guess is that you are wrong. Gems is a pretty hyped project, even considering the weird ICO terms (and the altering thereof). Even the ICO projects with a lot of red flags (for instance: ArcBlock) will sell out almost instantly due to the hype and the (likely) possibility to flip the tokens moments after the listing.

Hype + flip is not the same as a project with strong fundamentals that you can hold for a long period of time.

Still no reaction coming from gems?

Have bounty in this project ???

Gems (GEM) (https://coincodex.com/crypto/gems-protocol/) is now listed on CoinCodex!

https://i.gyazo.com/dd46266c010a839d4667ee94109012d8.png (https://coincodex.com/crypto/gems-protocol/)

?
Dont get it. Thought there was going to be an airdrop, where are these tokens coming from?
Is it from private sale? If so, they are trading way below private sale price.
Maybe they're annoyed because of the airdrop.

Hello, What currency will be used to store the funds raised? And where exactly?

Is there going to be a live tracker for the hard cap as it declines or should we calculate it ourself????

Very excited for the road map. The team seems to developing.

Why haven't GEMs announced that the crowdsale tokens was put on hold via their blog?

We should not judge the project by the price. Instead, we should look at the PR/Marketing, Community and Tech

 if the token price is still go down, how much will we receive ? 0.50usd ? 😭 :-\ :-\ :-\ :-\ :-\

great project with strong team and marketing.i love the way their building a community,hope will be successful

Heard about the lawsuit: https://blog.gems.org/a-company-called-bitvault-is-suing-gems-for-trademark-infringement-1e3d24b38f8e

Hoping this won't harm the project. Maybe parties can reach a settlement.

It is obvious to me that the team chose the wrong way. This is evidenced by the price of tokens:
0.14x USD
0.33x TH
0.20x BTC

Poor baggies that bought at top.  Gems looks good at about half a penny.  Volume is horrible for such a popular project

I saw it too. It seems to have been cancelled and airdrop has been held, but there has been no new progress recently.

I believe this coin will have very high value and is a good investment coin. If the price does not change and will be the same as it is today, and for a year, nobody who will pay for his full time job in gems will not change for fiat his  earnings for 12 months. Then only 8333 people will  be able to work in this Gems eco-system. I believe this project is 200x bigger

Listing on WandX (May 02)
https://coindar.org/en/event/gems-gem-listing-on-wandx-8524

I’m sure if ico were regulated by law they would have been in deep trouble. There’s no way you make such a big protect, with supposedly expert in the team and they had no clue there’s some other company using the same name or whatever

Stop waiting go grab some effect AI before it takes off to the moon by this Thursday.
After it moons grab your profits and buy some gems before end of month.

I find it funny that GEM doesnt have a whitepaper or any info on how their project works, roadmap, what it offers over other similar tech etc.... Yet they have been around since 2013 🙄🙄🙄 and these are the peopole suing us, oh boy

I see your project is still quite new and hope it will develope strongly in the future. If I have a chance, I will be a part of your community
egretia

Is the ICO still ongoing?

Can anyone tell me what happened to this project? Last time I checked we had to move mountains to get an airdrop. I passed. Is the airdrop still on?

why there are always stupid questions with people who do not read the previous messages, nor informs on the internet twitter etc ... Gem risks a trial with another company, that is the reason for the inactivity of this crypto.
hope for all of us that they make sure

Quantstamp project has been their precursors. And only the investors who took the project seriously were accepted to it. The same also available in this project. And they have created a very nice community.

When did the dispute end? Half a year ago, no news at all, and the team was disappointing.

I like everything about this project! Great idea. Given the fact that in all countries the problem with unemployment personally I think that this project has a great future.

Thank you, dear sir, for your kind message. My faith in humanity is restored, and you are my captain from now on!

I surely hope that Gems will survive the law suit!

any bounty campaign??

they have found an agreement, there is no more trial .. they just have to change name remains to work and to raise the value of the token .. I take advantage to fill my bag

new project and it seems interesting, I am sure the future of this project will attract many investors to join, and this project will run smoothly as long as the team involved is also always spirit and compact in developing this project.

Overall, i'm neutral for both the short- and long-term potential this ICO. While i like the idea and the use of token makes sense, the starting valuation of the project is likely going to be on the high side, which substantially lowers the upside potential.

This new post is an entry about the new project. Hear quite appealing and attractive. I will wait for the report details the technical parameters as well as profitability and capital investment in the project.

Many countries continue to be wary of cryptocurrencies. They need full control over the turnover of the cryptocurrencies so that they can impose taxes on them. And it is very difficult to realize in real life. Guys, does your token can be purchased in any country?

a very good project in my opinion this is the most organized and focused project and is done by a great team, successful for this project

Market Cap
$2.123.081 USD
335 BTC
10.088 ETH

Volume (24h)
$77.823 USD
12,28 BTC
369,80 ETH

Is it safe to say that this project is dead? Was a big deal last year but suddendly the ICO did not go through. I even had to show them that I "earned" to participate in the ICO. Crazy world.