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2221  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GEMZ]|GetGems - Social Messaging App That Pays | LIVE on Android and iOS | on: August 01, 2015, 10:42:41 AM
I read so many conflicting things about China and app stores. What is the actual current situation in China does anyone know? can they download Getgems or not? I just read that Google Play is likely to return to China late this year.

But iOS is live, and Getgems can be downloaded now?

http://www.cultofmac.com/329356/report-china-downloads-more-ios-apps-than-anyone/

So they can download from the app store? or is it some other store where ios apps can be downloaded which is in Chinese just like the play store alternatives.

I dunno anything. What I do know is China should not be left out of this coin. The vol on a chinese Bitcoin exchanges should be enough for people to know if China isn't involved then half or more of the Bitcoin community isn't involved. As an app it suits China also.

+1, would be nice to hear daniels opinion on the possibilities of it.
2222  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GEMZ]|GetGems - Social Messaging App That Pays | LIVE on Android and iOS | on: August 01, 2015, 09:49:34 AM
I read so many conflicting things about China and app stores. What is the actual current situation in China does anyone know? can they download Getgems or not? I just read that Google Play is likely to return to China late this year.

But iOS is live, and Getgems can be downloaded now?

http://www.cultofmac.com/329356/report-china-downloads-more-ios-apps-than-anyone/

So they can download from the app store? or is it some other store where ios apps can be downloaded which is in Chinese just like the play store alternatives.
2223  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GEMZ]|GetGems - Social Messaging App That Pays | LIVE on Android and iOS | on: July 31, 2015, 07:27:35 PM
I know this was mentioned before, but I will mention it again....

I know that Gemz is a phone based currency, however it would be nice to at least have the option of being able to transfer coins to a desktop wallet. When Gemz goes to $1+ per coin, anyone with several tens of thousands of coins or more will want a super secure way to store them and I'm not sure people with that many coins will want to trust Bittrex or their phone.

Other than that, this project is super exciting! Just joined yesterday and it seems I found this coin at the PERFECT time!  Grin

You can also join us in the getgems group chat within the app, currently around 40 members, you can also join andoid beta testers or iOS beta testers. Just send me a message in the app.

How do I add you as a contact? Is there an option to search for GetGems username?

As mrvegad said, tap on contacts and type in Cyb3rpunk or VicVegas, tap on the username and a messaging window will open, there you can send a message and that user will automatically get added to you chats.
2224  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GEMZ]|GetGems - Social Messaging App That Pays | LIVE on Android and iOS | on: July 31, 2015, 04:55:24 PM
I know this was mentioned before, but I will mention it again....

I know that Gemz is a phone based currency, however it would be nice to at least have the option of being able to transfer coins to a desktop wallet. When Gemz goes to $1+ per coin, anyone with several tens of thousands of coins or more will want a super secure way to store them and I'm not sure people with that many coins will want to trust Bittrex or their phone.

Other than that, this project is super exciting! Just joined yesterday and it seems I found this coin at the PERFECT time!  Grin

You can also join us in the getgems group chat within the app, currently around 40 members, you can also join andoid beta testers or iOS beta testers. Just send me a message in the app.
2225  Alternate cryptocurrencies / Altcoin Discussion / Re: Best looking / coolest altcoin wallets? on: July 29, 2015, 10:31:41 PM
I don't think it's necessary for GG open source their own work. These days, it seems that anybody who writes a piece of code ends up pushing it right away to GitHub with an open-source license and says, “I’ve open-sourced it.” Creating an open-source project isn’t just about making your code freely available to others. Also you need to decide why you are open-sourcing the project in the first place.

Creating an open-source project that can be conducive to outside contributions is more work than it seems. You have to create environments in which those who are unfamiliar with the project can get up to speed and be productive reasonably quickly, and that takes some planning. Then you should choose a licence which largely depends on how you intend your code to be used. There are enough reasons for GG not to open their own work right now, the app is still being polished and debugged, not all main features have been added yet, scammers might ruin the brand etc. As a supporter i actually don't want them to release the code of their own hard work at this early stage, if there would be something to be open sourced that would just be Telegrams part and i don't think these users are looking for Telegrams code which is already public.

Community and collaboration is the real power of open source, not just the code. GG has proved the Bitcoiners that it's doing a great job and has been in r/bitcoins frontage multiple times in the last couple days, the whole app is starting to mature extremely well.
2226  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GEMZ]|GetGems - Social Messaging App That Pays | LIVE on Android and iOS | on: July 29, 2015, 02:33:22 PM
Malasian users are almost maxing out a GG groupchat, max members is 200.

2227  Bitcoin / Bitcoin Discussion / Re: Your first bitcoins came from.. (faucets aside) on: July 29, 2015, 12:27:27 PM
MtGox
2228  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum is the future of crypto, bitcoin is not. on: July 29, 2015, 12:21:40 PM
Going against Bitcoin is not a good idea, i would suggest not making the same mistake as other coins, it only works against you.
2229  Bitcoin / Bitcoin Discussion / Re: Making it rain Bitcoin and tipping people in group chat on Telegram on: July 28, 2015, 10:42:20 PM
Tipping is an option on Telegram, does not mean anyone will be tipped.  Cheesy
From what I read, looks like you get tipped in "Gems" which you then exchange for bitcoin.

You can make it rain Bits and you can tip with Bits, Android users can reply to a message with Bits payment. Tipping Bits like how it's done with Gems will be added.

We have our own group where we make it rain and tip frequently, just shoot me a message to join.
2230  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GEMZ]|GetGems - Social Messaging App That Pays | LIVE on Android and iOS | on: July 28, 2015, 06:25:47 PM
You have to be logged in to look at the average age, I think it was as expected around 25-35.
I think we are in classic early building stage, I have zero doubts this app will have at least 500,000-1,000,000 downloads.

I am logged in, but I cannot see anything in those statistics except the total amount of likes and the amount of new likes.


I'm on mobile/tablet I dunno of it makes a difference, click on where it says how may likes...I have liked and follow the page, if that makes any difference.

Interesting change, the most popular city has changed in one day from London UK to Kuala Lumpa! Good we are getting downloads in Asia, Malaysia is a linking country made up of distinct groups of Chinese, Malay and Indians...awesome food I've heard.

Yup seems Malasia is the leading country with the most downloads. Great to see GG spreading in Asia, but i wonder if it can be available in China.
2231  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GEMZ]|GetGems - Social Messaging App That Pays | LIVE on Android and iOS | on: July 26, 2015, 10:58:03 PM
Hey guys, GetGems launches group payments, on the front page of r/bitcoin https://www.reddit.com/r/Bitcoin/comments/3epgnh/getgems_mobile_messenger_launches_bitcoin_group/

Upvote this great innovation, never happened before in an instant messenger.
2232  Bitcoin / Bitcoin Discussion / Re: why you shouldn't trade Bitcoin on: July 26, 2015, 04:37:55 PM
Well you will become a trader anyway, cus eventually you are going to sell with a big chance you will buy again.
2233  Alternate cryptocurrencies / Altcoin Discussion / Re: Telegram CEO tweeted about A Getgems feature. on: July 25, 2015, 05:17:35 AM
GetGems is killin it, its efforts are on r/bitcoins front page https://www.reddit.com/r/Bitcoin/, Coinbase tweeted about it aswell but Pavel Durovs interest is something else https://twitter.com/durov. GetGems proved themselves to be the real deal, big fan.

https://www.coinbase.com/apps/55aeb83f69702d2db5000056 Julia is a quality feature, i suggest everyone to try it out, it makes managing, buying and selling Bitcoin like kids play.
2234  Bitcoin / Bitcoin Discussion / Re: Telegram now has an A.I. BOT called Julia who is your personal Bitcoin assistant. on: July 24, 2015, 11:16:52 PM
Julia in action, buying Bitcoin through Coinbase. This should be easy enough for the non techy, newbie user.

2235  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GEMZ]|GetGems - Social Messaging App That Pays | LIVE on Android and iOS | on: July 23, 2015, 05:22:01 PM
Thanks guys, exactly what I wanted to hear.  Cheesy

One last question.  Is there an ETA on when the Airdrop is going to start?

Guess I'll be around here alot.  Its been a while since there was a project that I liked.

I don't know the ETA yet, but last news i have about it is that the team is testing the algorithm and making sure people don't cheat the system. I think it won't take long though, meanwhile they have introduced some legit features including the shop and the latest one is Julia which is very innovative and been added to Coinbase https://www.coinbase.com/apps/55aeb83f69702d2db5000056 (If you have a Coinbase account give Julia a try and rate it) also next update will have another heavy innovative feature which some users are testing now.
2236  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GEMZ]|GetGems - Social Messaging App That Pays | LIVE on Android and iOS | on: July 23, 2015, 04:35:38 PM
^ GetGems is evolving advertising like Uber evolved taxis through their app.

I think my question wasnt said correctly.  I totally understand the revolutionary implications of gems.  I was just wondering why the token itself was necessary and why not just use bitcoin for everything in the app?

Because it fits GetGems as a brand if you look at its name, color, features you would expect an in build currency system representing its name. Also it's needed for different reward value programs which is financially hard for a new start up if they would reward everyone in BTC. The power of Bitcoin enables devs to customize their project how they want, i guess also because the whole point is that user participation is translated into value so you need a coin that is exclusively earned through the app and not a coin that originated somewhere else.
2237  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GEMZ]|GetGems - Social Messaging App That Pays | LIVE on Android and iOS | on: July 23, 2015, 12:43:18 PM
^ GetGems is evolving advertising like Uber evolved taxis through their app.
2238  Economy / Economics / Some flaws in the current financial system and how Bitcoin improves them on: July 23, 2015, 12:39:46 PM
This might be a good one for explaining Bitcoin to the average joe aside from the pros of sending Bitcoin anywhere, anytime with tiny fees.

- Hidden Inflation Tax
Many might not realize it, but your purchasing power is usurped every year at a rate of 3% (or higher) through the process of money printing. The most extreme form of this is eloquently referred to as “quantitative easing”, which is where central banks electronically create money to buy government securities (such as bonds) or market securities. This is the devaluing of your money and ultimately destroys savers and forces you to perpetually work to stay ahead of the increasing prices on goods or services.

With Bitcoin, we experience the opposite in the form of deflation. Instead of a monetary system that is micromanaged by a few people, we have a massive decentralized network of miners creating the supply. In addition, the supply is not created at an arbitrary rate, but rather by math that has been precalculated and coded into the Bitcoin protocol. The beauty of this system is that everyone knows what the rate of supply will be and therefore, there’s no surprises. Furthermore, the new supply of Bitcoin is decreased by half around every 4 years until there is no more supply. As long as the demand remains the same, this would mathematically mean that the value of your money would increase, rather than decrease over long periods of time.

 
- Fractional Reserve Banking
This is a banking practice where only a fraction of the bank deposits (usually one tenth) are backed and available for withdraw by the depositors. So for example, if you deposit $10,000 in the bank they would then turn around and loan out $100,000. Under normal circumstances they would only be able to loan out $10,000 of the $10,000 deposited. However, considering that many people leave large sums of money in the bank, they’re counting on all that money remaining within their system. By running a fractional reserve it allows them to loan out and collect more interest on money that doesn’t even exist to begin with. So from practically nothing, they’re able to create massive value, but the problems occur when there’s a run on the bank and depositors all simultaneously want their money back. This process puts everyone at risk and has led to bank bail-ins or even worse, the bailouts of 2008 which resulted in billions put on the back of the tax payers.

As for Bitcoin, it’s unnecessary to even have to keep your money in a bank since you can secure and store the money yourself. While there are services such as online wallets or exchanges operating as a custodial account (similar to banks), there are non-custodial account options like https://blockchain.info/, for example. This reduces an institutions ability to run a fractional reserve and therefore, removes the risk of having a run on the banks, bank bail-ins, or bail-outs. Even more interesting, the power that these centralized banks wield through their fractional reserve would overtime, ultimately be decentralized and distributed to the users of the Bitcoin network as the masses adopted this new paradigm.

 
- Financial Transparency
A big problem with many powerful institutions is the transparency about how their funds are being utilized. Whether it’s fractional lending by banks, national taxation by the IRS, or even donations collected for a good cause, the truth is that we have zero transparency. The funds collected by these institutions are often allocated at their discretion and with zero public insight or scrutiny. This type of monetary system is destined from the start to be rifled with blatant corruption or mismanagement of funds. We currently have a system where the people’s financial accounts have to be fully disclosed for tax purposes, yet their representative institutions have zero disclosure and in some cases such as the Pentagon, they mysteriously lose 8.5 trillion dollars (yes, I said trillion) of the tax payer’s money.

Thanks to the Bitcoin blockchain, all transactions that take place on the network can now be tracked from start to finish. This is an amazing new ability that the public has never had before and will help keep these intuitions honest about how the people’s funds are being spent. While you can only currently see address X sending to address Y, as we move forward in developing the Bitcoin ecosystem, many of these addresses will eventually have an identity associated with them. So if you were to donate funds to a charity you’d be able to track the allocation towards paying salaries, services, materials, etc etc.

 
- Financial Control
Another problem becoming more noticeable with the current financial system is your complete lack of control over funds. There are so many different financial instruments available to choose from, but if you take a step back you’ll realize that none of them offer you complete control or unlimited access. Whether it’s a Gold ETF, government issued bond, stock in a corporation, or even numbers on a screen representing your bank balance, it’s not truly under your control. As we saw with Cyprus many depositors had their money absconded or as we’re currently seeing with Greece the banks are issuing capital controls and limiting ATM withdrawals down to $60 per day. When the system is running smoothly you don’t think about these things much, but when there’s a crisis it becomes painfully obvious that you have zero control over your financial outcome.

The beauty and elegance of Bitcoin is that it puts the power of a bank directly in your pocket with absolute control over your own funds. In addition, it’s completely dynamic in that you can choose to store your Bitcoin offline in a safe at your home, print out private keys then store in a safety deposit box at a bank, or you can even double encrypt your keys in order to store safely in the cloud so that way you’ll have access to your funds at all times anywhere in the world. The ability to implement capital controls does not exist with Bitcoin. Any time, day or night you can initiate a transaction with anyone in the world for any reason and no institution can stop you from doing so. That’s power and that’s freedom.

 
- Infrastructure Costs
If you think about it, the shear amount of infrastructure needed to operate the current financial system is beyond astounding. Imagine globally the 100 story bank buildings, office equipment, high paid executives, account managers, tellers, armed guards, currency printing facilities, ATMs, vaults, so on and so forth. This alone could easily exceed hundreds of billions if not trillions when you add up all the time, energy, and expenses around the world.

Now when you compare that to Bitcoin, the hardware and electricity costs needed in order to secure the network is laughable. The only other expenses involved in order to successfully operate Bitcoin would be the third parties offering such services as storage/security, user experience or facilitating the on and off ramps from the old system to the new system. As far as replacing the tellers, ATMs, and merchant terminals that could be done with smartphones which most everyone has with them at all times. As these infrastructure advantages and savings are realized, it will only increase the value of the Bitcoin network.

 

While these are just a few of the many problems with the current financial system, I hope you can start to see why Bitcoin is more than just a speculative long-term investment. There’s a lot at stake for both current and upcoming generations in the grand scheme of things. The people will either have complete monetary freedom through cryptocurrencies or they will continue to receive the status quo through the current archaic financial system. This shift will most likely result in the greatest wealth transfer in human history, so it’s unfair to be too hard on the speculators, but at the same time we should all be mindful of just how important the Bitcoin technology truly is.

Source Atriark
2239  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GEMZ]|GetGems - Social Messaging App That Pays | LIVE on Android and iOS | on: July 22, 2015, 10:11:49 PM
We make it rain Gems regularly and make individual tips (O yes group payements is in the works!), you all can join our trollbox group. It's lots of fun and devs are involved aswell, we share ideas too. Just send me a message in GetGems and i'll add you, cheers.

Also we should build some activity on Poloniex chatbox and talk about Gemz it's gaining momentum.
2240  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [GEMZ]|GetGems - Social Messaging App That Pays | LIVE on Android and iOS | on: July 22, 2015, 03:56:32 PM
I have to admit that I was sceptical about Julia. Why not pushing attention economy, I thought. However, very clever to target telegram users.

It also shows - heck, proves - that GetGems and Bitcoin are a team.

Sometimes it's better to follow the masses, GG has made the right choice. Imo you also bypass all the fighting that has been going on by coins that are trying to reinvent the wheel.
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