Gems are not shares of the company. But if the company is successful they would surely be worth a good bit because of the demand.
Gems can represent multiple things, some like to use it as shares of the application, some use it as an in-app currency. It's pretty versatile where you can shape it for what purpose you want, but eventually they will be used more as the in-app currency to drive the whole economical network within the app. |
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Do Gemzcoins represent the value/stakes of the Gemz entity/network? For instance, if one day Gemz is sold for $1 billion, how much will the Gemzcoins holders get for holding each Gemzcoin? From what I have read, it seems that Gemzcoins holders won't get anything in the above scenario because Gemzcoins donot represent the value/stakes of the Gemz entity/network.
dude if Gemz the app was sold for a billion dollars the coins would be worth a hell of a lot, the coins are what is needed to pay users for using the app. So that would be the last of your concerns. Not sure about that, not sure how it would work. I wonder if as GEMZ holders it would make it by default that we own a share of the company. I'd like to have a better answer coming from Peled If GG would be sold for 1B wouldn't that mean that its marketcap would be 1B? I would imagine the Gemz price would rise to that price. But i'm actually not sure if it's the right way for the value of Gemz representing the companies marketcap cus different factors play part. I don't think a companies marketcap is decided by just the value of their product? A companies marketcap is represented by its stock price multiplied by the stock (in this case Gemz) held by shareholders. If you have Gemz you are a shareholder of the GetGems company. I'm not sure if its that simple for GetGems, Gems are a means to buy attention and distribute revenue between users. I see no clause that prevents The GetGems team to change the model, introduce alternative coins or sell the user base to a third party who then changes the model. Best explained by D. Peled I guess but I don't think holding Gems makes you a share holder, it makes you hold a relative share in the revenue as long as the model exists. You got a point there, maybe you can't call them officially shares but you still have some interest, maybe we need a new term for it since this niche is pretty new. |
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Do Gemzcoins represent the value/stakes of the Gemz entity/network? For instance, if one day Gemz is sold for $1 billion, how much will the Gemzcoins holders get for holding each Gemzcoin? From what I have read, it seems that Gemzcoins holders won't get anything in the above scenario because Gemzcoins donot represent the value/stakes of the Gemz entity/network. dude if Gemz the app was sold for a billion dollars the coins would be worth a hell of a lot, the coins are what is needed to pay users for using the app. So that would be the last of your concerns. Not sure about that, not sure how it would work. I wonder if as GEMZ holders it would make it by default that we own a share of the company. I'd like to have a better answer coming from Peled If GG would be sold for 1B wouldn't that mean that its marketcap would be 1B? I would imagine the Gemz price would rise to that price. But i'm actually not sure if it's the right way for the value of Gemz representing the companies marketcap cus different factors play part. I don't think a companies marketcap is decided by just the value of their product? A companies marketcap is represented by its stock price multiplied by the stock (in this case Gemz) held by shareholders. If you have Gemz you are a shareholder of the GetGems company. |
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For the first time i played with the Android version on my brothers new samsung, to be honest i liked the store to buy stickers with Gems. He doesn't really care about bitcoin, how much i try to convince him so you can say he is the average joe, he actually liked buying sticker packs for 1 Gems and the free Gems he gets to buy the stickers, same with his wife asking me how to get stickers to send to her friends. Some care actually more about the store, buying stickers, gift cards then using Bitcoin, regarding how revolutionary the bitcoin technology is we can't forget some well known fun features mainstream likes and is familiar with.
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Don't get your hopes high. While it is true that less that 90% bitcoiners hold less that 1 BTC, there are some pretty rich individuals out there who hold more that 1000 BTC.
Early adopters are out there and are waiting for bitcoin to reach high value. I seriously doubt it will be sufficient to hold 1 or even 10 BTC to have significant capital in the future.
If you think you can buy more, then buy, if you want to be safe I think that about 100 BTC would be sufficient. If you think less is enough - you are being naive.
Those who still waited even after bitcoin reaching 1000 are just extremely greedy and deserve to lose. |
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You can't go big promoting Bitcoin to mainstream while network can't handle a significant amount of users. Apart from that Bitcoin imo is working flawlessly.
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Yea right. People won't change sides just because Satoshi voices his opinion. People will say "oh well looks like Gavin already got to satoshi and that's why he supports XT", or "Satoshi wants to keep everything under his control and that's why he supports core".
Also as I have mentioned before I don't think Satoshi will ever get involved in this debate or any others.
This is an experiment to him and he needs to see absolute proof that a decentralized system like this can work out issues.
If he were to get involved it would show that bitcoin is not ready for decentralization and requires a central figure to make decisions.
I don't agree, satoshis opinion would get lots of backers. |
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Regarding the $400,000 investment in the seed fundraising, what does Magma the investor get for return? Did they get $400,000 worth coins for return or somehthing else in the future for return? They probably get some kind of share of the company, not sure tho but got this from their website. Magma provides resources, mentorship, entrepreneurial expertise, and experienced foresight from the earliest stages of a company's foundation. Our active Pre-Seed program invests up to $500K in Start-ups through an accelerated investment process to finance the first year of a Start-up's activity. During that year, the Start-up's goal is to reach target milestones that will facilitate future financing. |
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Anyone here using the stop-limit option at poloniex? i just can't manage to put a limit order.
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Some significant amount of Gems is being rained in the troll box group, the added gifs make it hilarious.
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I don't entirely agree where he says we got a long way to go until we can make it easier to use. It's already very easy to use, i can send bitcoin like sending a message by just downloading an app typing the amount and tap send, it's actually much easier than internet banking. It all just needs more marketing, i messaged Andreas and ponted it out that it's already easy, development is going much faster than the early days of internet.
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So he want to be a puppet serving bankers, i see.
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I want people getting paid in Bitcoin.
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And what about the talk of using email recovery for your wallet? If a pin is still going to be used there is always a chance that it will be forgotten, there will have to be an option for recovery if not people will get mad and uninstall the app.
E-mail recovery would be helpfull indeed, although i asked this and it seems with bitcoin because of regulatory and security issues the passphrase and PIN code is generated locally on the device. responsibility to keep it safe is on the user. |
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Your friend can uninstall, install and generate a new wallet for the Gems. The bits are lost however.
I still think it's a bad idea to have security has an option, but hey if "Daniel said" Not about who said it but i agree with the point, her bits wouldnt be lost if she had the option to disable pin, she doesnt like it. Forcing pin is imo unneccessary. I myself would enable pin anyway cus i have a significant amount in the app, but i understand if someone doesn't want to press pin everytime. |
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I think Daniel is spot on about the PIN, why did nobody think about that lol.   Because it doesn't make sense. The PIN code was put in place for security, a noob with 10 Gems and a noob with 10K Gems is still a noob. What about sending Gems? So does that mean that if a PIN is not used and the phone is lost then the persons Gems will be easy to steal? Instead of removing the PIN wouldn't it be better to have a better description about how to use the PIN? Debit and Credit Cards use PINs and people seem to be doing fine with that. Chosing pin during registration causes to lose users as Daniel said and i agree with that, also it makes registrating even faster, some people don't like this making pin step during registration from my experience, if you don't want people to steel your Gems then you can enable PIN in settings. My friend forgot her pin and now she can't do much, she wished the pin wasn't neccessary cus she has a small amount, so giving the option to put pin off and on is much better. On a side note if you have used NFC with your debit card you see that entering PIN isn't needed, it allows up to 25 euro to use NFC i think, so for small amount of funds in the app people should be able to disable PIN imo. |
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I think Daniel is spot on about the PIN, why did nobody think about that lol. |
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Darkcoin changed to DASH Maybe GetGems and the naming of the GEMS inside the app can both change to Gemz? GEM is already taken by another bitcoin company btw - https://gem.co/. I would vote for Gemz Messenger if indeed the tokens inside the app also change to Gemz, if not then GetGems is the best choice, but the most important is putting a solid working app and releasing the airdrop and AE. |
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Something I have been thinking for a while is burying the Telegram connection. Or at least underplay it. Taking the Telgram logo off would be a start. Reason being it makes Getgems look unoriginal, plus Telegram users can find they can move to Getgems anyway if they are sent an invite and also I can't see anyone who has decided to download Telegram to decide to order one based on Telegram....I would expect them to go for the original.
You have a point, tho in the early stage it might be beneficial to coop with Telegram, once the app has matured it might be better to detach, the team said this aswell. but overall i agree with you. |
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