But does Paykey benefit Getgems and if so how?
GetGems is wallet + social messenger. PayKey "for gems" is a wallet to pay within social messengers. Both will incorporate AE when we reach a critical mass of gems users to attract advertisers. PayKey enables gems payments within any social network, initial version will be released very soon to beta testers. Last month alone more than 10,000+ users joined the GetGems ecosystem and are now telling others. GetGems for the iOS App reached position #375 on US-Social Networking download chart on Oct 29, 2015 which is an amazing achievement without any outside paid marketing at all. The mechanism that generated organic growth are the referral system + airdrop and the fact that each transaction has a link to download the app - since most of the transactions take place in group chats this unique technology is exposed more and more. PayKey enables to leverage the social graph of the biggest messenger and not "just" Telegram 65 million active users. Most "pure" bitcoin users don't use GetGems, we can see this by the amount of users with gems only wallet compared to gems + bitcoin wallets. PayKey "for bitcoin" will attract the "pure" bitcoin users to our technology. PayKey "for fiat" + white label PayKey are aimed for mainstream users that are still "far away" from using crypto. It's not a secret that crypto education takes time and that there is a lot of work ahead, adding fiat capabilities and connecting with leading players in the financial industry will help grab users that would have previously been unapproachable, and in the future build the bridges back to blockchain technology. Thank you Daniel Peled for clearing some of the mess up. Wish you would have done that a little earlier with more focus on the impact it would have on the original plans for GetGems (the messenger+wallet) and less on the promotion of "PayKey" without giving a clear and detailed explanation of how the two would interact and benefit from eachother. If you did explain it somewhere in detail before I have missed it. It surely wasn't in the answers I received from you but on we go. More questions:GetGems is wallet + social messenger. PayKey "for gems" is a wallet to pay within social messengers. Both will incorporate AE when we reach a critical mass of gems users to attract advertisers. PayKey "for gems" enables gems payments within any social network, initial version will be released very soon to beta testers. - This enables gemz payments only, no btc or fiat right?
- Will btc and fiat be added to "PayKey for gems" at a later stage?
- Will PayKey for gems be a standalone app or will it require GetGems messenger?
- Facebook, SnapChat, WhatsApp etc users will be prompted to install PayKey for gems to receive gems? (gems only for now)
- If Facebook wants to incorporate a white label PayKey keyboard for their messenger all connection to GetGems and Gemz dissapear right?
- Revenue from white label versions as in the previous question are not part of the AE and will not end up in the GetGems Ecosystem
- Will I need to install "PayKey for gems" + "PayKey for fiat" + "PayKey for BTC" and switch between them? / "PayKey for fiat" = A specific banks integration of PayKey?
Best regards Almost all your questions have already been answered. the simple fact it will be provided as White Label means IF there is any traction at all with Paykey then you can expect tons of Paykey apps......do you really think a gems has any leverage in that environment. You are asking the wrong questions. the question you should ask is why they sold the rights to banks (answer they don't care cause they get their paymnet cut whoever uses it) and why didn't they just make one app with fiat, btc and gems ( answer they did t want a hint of Bitcoin to spoil their profit steam) |
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@VeritasBS. that would be appreciated, maybe the community can collectively rally around this.
The deception is simple. Getgems sold token to the idea that they would be used for pushing Bitcoin to the masses and gems would be the attention token and coin for that system. When they didn't include gems in their first really mainstream product they contravened that principle.....CLEARLY AND KNOWINGLY.
Everyone should go read the Ann of this thread if they think they didn't sell these tokens as so, in the spirit of mass adoption. At the VERY LEAST they should return the crowsale money at the value they were given in USD.
What we in the spirt of the law and project actually deserve is a share in proportion to the company, ie 50% shares among owner relative to the amount. THAT sounds a lot but let be clear that what the token buyers thought they were buying into....in good faith.
Daniel better hope he doesn't become too rich or this community will become the new Winkeloss Twins...
Getgems better sort this while they can, put gems and Bitcoin into a closed app in the spirt of what was promised and stop hiding behind small print. You also have to stop any white labelling of tech which WE as a community funded and supported you and your company for the last year.
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Thanks for the answers, Daniel. That is enough for me. The only way i see this failing is when banks get AE too and people getting paid for viewing ads in fiat. Because then that will really be the killer of GETGEMS. but then again, being paid in fiat may not be so tempting since fiat's price doesn't rise like a cryptocurrency  . Because there is still a lot of room and potential for GETGEMS' price to rise. so the banks have to pay quite a hefty tempting amount in fiat in order to attract customers/users away from GETGEMS. . Competition! As of now, looking at it from a customer's/user's point of view, it is clear that GETGEMS App is the winner for the taking because there isn't any social messaging app that pays the social user. Inviting Friends and simply being an active user, and then soon, just simply viewing ads are simple enough to earn tons of GEMZ. Sure...the investors are losing out (potential wise, but the results still remains to be seen), but i haven't forgotten that i too am a social user =D. so i get best of both worlds. There are some info that are still not being mentioned here btw, just FYI for those who are upset. So i am not too concerned with how things seems to be poorly performing *solely based* on the information gathered from this forum alone. If you want more info, maybe you can learn to be more *active* in the GETGEMS app and be in some groups. oh and may i remind you to be friendly too. On another note, as an investor: whoever is trying to bring down the price, bring it!! i got my Buy Orders ready! whether the price falls or rises, im ready for both! On a side note, didn't anybody noticed that the price of GETGEMS fell to 91SAT on Bittrex the other day? i think its quite old news now. but the fact that nobody mention it, i thought i brought it up. that Mysterious Seller sold about 16000 GEMZ to bring the price down to 91SAT. dunno who did it but man...THANKS FOR THE GEMZ! OH and one more thing - looks like several people are trying to get 50-100k GEMZ on Poloniex. somewhere down below...like around the 3500SAT range. CHEERS! You're an idiot. This is an adult conversation, take your shitcoin mentality somewhere else. Why the hell do you think someone sold to 91 sats? Cause that what they are worth now...idiot. Some of us are large holders we can't just dump into 1 btc vol markets.....we have been screwed by Daniels lies and will lose real money, as he makes a fortune off our funding. |
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PEOPLE. ALL HE HAS TO DO TO REDEEM IS ADD GEMZ AND BITCOIN AS A HIDDEN OPTION FOR PAYMENT IN A FIAT VERSION? HE WONT CAUSE HE SOLD OUT TO THE BANKS. DONT BELIEVE HE WILL BUILD BRIDGES TO CRYPTO LATER WHEN BANKS OWN THEIR TECH. GETGEMS HAS TO ONE NOT GIVE WHITE LABEL TECH AWAY AND TWO AS I SAID INCLUDE GEMZ AND BITCOIN AS SECONDARY PAYMENT OPTIONS?
ASK HIM WHY HE WONT?
IF HE WHITELABELS PAYKEY ITS OVER FOR GEMZ HOLDERS. AT LEAST UNDERSTAND THAT. THERE IS NO BUILDING BRIDGES FOE GEMZ ONCE BANKS OWN THE TECH. THEY KNOW THAT.
BY THE WAY THE 375# PLACE HE KEEPS MENTIONING, WELL IT WENT TO LIKE 1000# A WEEK LATER.(the boost I expect was from Buffalo crowd....he fails to mention) WE DONT SEEM TO BE ABLE TO GET PAST 10,000 ON GOOGLE, THATS THE REALITY
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I don't understand why a lot of people are afraid that paykey will take the spotlight from getgems. Paykey will be the catalyst to getgems mass adoption.
-tb-
How?? Paykey for Banks will have noting to do with gemz and will likely bury any other Paykey version Or am I wrong Daniel? (I think not since you keep avoiding answering my question.) WILL paykey for Banks have anything to do with Gemz. Yes or No will do. GetGems is wallet + social messenger. PayKey "for gems" is a wallet to pay within social messengers. Both will incorporate AE when we reach a critical mass of gems users to attract advertisers.
PayKey enables gems payments within any social network, initial version will be released very soon to beta testers. Last month alone more than 10,000+ users joined the GetGems ecosystem and are now telling others. GetGems for the iOS App reached position #375 on US-Social Networking download chart on Oct 29, 2015 which is an amazing achievement without any outside paid marketing at all. The mechanism that generated organic growth are the referral system + airdrop and the fact that each transaction has a link to download the app - since most of the transactions take place in group chats this unique technology is exposed more and more. PayKey enables to leverage the social graph of the biggest messenger and not "just" Telegram 65 million active users. Most "pure" bitcoin users don't use GetGems, we can see this by the amount of users with gems only wallet compared to gems + bitcoin wallets. PayKey "for bitcoin" will attract the "pure" bitcoin users to our technology. PayKey "for fiat" + white label PayKey are aimed for mainstream users that are still "far away" from using crypto. It's not a secret that crypto education takes time and that there is a lot of work ahead, adding fiat capabilities and connecting with leading players in the financial industry will help grab users that would have previously been unapproachable, and in the future build the bridges back to blockchain technology.Some of the biggest companies that are adapting to the market and adding fiat: Circle: https://blog.circle.com/2015/09/22/us-dollar-payments-free-debit-cards-circle-app-updates/Uphold: https://uphold.com/en/blog/posts/uphold/welcome-to-uphold-the-internet-of-moneyChangeTip: https://www.reddit.com/r/changetip/comments/3laybl/changetip_now_supports_usd_some_thoughts_about/ ("76% of people would not use ChangeTip because it was bitcoin") Not really. Paykey for fiat and paykey for btc could also include the AE and pay out in gemz which would in turn united all the versions, but we dont know exactly how it will work. Hence the question if there is any link in these other versions to gemz. The one thing we do know though is if paykey for fiat, paykey for btc, paykey for gemz all come out, have their own AE and there is no connection between them, Paykey for fiat wins. Daniel wins with his 0.5%. Getgems investors - you know the guys who put money and faith in this company are cast aside to play with their messaging app which no longer has a purpose. To be fair we were warned something like this might happen in the purchase agreement, but I didnt think the very company we were supporting would be the culprits.. "Risk of Alternative Distributed Instant Messaging Software Application Following the Pre-Sale it is possible that alternative distributed instant messaging mobile software applications could be established. These alternate distributed instant messaging software applications may or may not utilize the same open source code and open source protocol underlying the Gems Mobile Application. The Gems Mobile Application may compete with these alternative distributed instant messaging software applications, and this could negatively impact the development of the Gems Mobile Application and/or the success and viability of the Gems Mobile Application, resulting in little or no value for credits to purchase Services on the Gems Mobile Application." Damn good find....bascially they knew this from the start....they knew from the start...anyone know a good lawyer? It's sickening to know all this time Daniels anti banking rants he actually ended up being worse than any bank in terms of crypto uptake. Any beta testers if you have a brain should abandon ship. Articles should be written how he side stepped the investors and brought his fiat payment system under the guise of crypto and funded by crypto investors. Scum is too good a word at this point. I just had my entire crypto wealth destroyed by this jerk as he got rich. I invested based on the principles you said you had. Clearly you don't hold them first chance the whiff of money comes along. |
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Well you got your politician answer, at no point did he admit which is the case that Gemz and Bitcoin is going to be completely left out of the biggest Paykey project for the masses. And he even threw is BULLSHIT about other Bitcoin venders including fiat. THE POINT IS NOT THAT FIAT IS IN THE APP THE POINT IS YOU SEPERATED FIAT FROM CRYPTO. THERE IS NO WAY IN HELL THIS PROJECT CAN SAY ITS TRYING TO BRING CRYPTO TO THE MASSES AND LEAVE CRYPTO OUT OF THE BIGGEST MARKET!!!!!
THE QUESTION WAS ALWAYS WHY NOT HAVE BITCOIN AND GEMZ AS A PAYMENT OPTION ON ONE PAYKEY APP???
DANIEL YOU HAVE BETRAYED THE PRINCIPLES OF THIS PROJECT. AS PEOPLE SEE PAYKEY WITH FIAT GROW AND YOU GET RICH PEOPLE HERE WILL SEE GETGEMS APP WITH A TINY MARKET AND EVEN OVERTAKEN BY BITCOIN VERSION AND WILL HATE YOU. EVEN THE DUMB ONES THAT DONT UNDERSTAND WHAT YOU HAVE DONE.
LAST CHANCE, SAY SORRY AND MAKE ONE APP WITH FIAT, BITCOIN AND GEMS OR NEVER COME HERE AGAIN. YOU COULD OF TAKEN CRYPTO MAINSTREAM AND YOU WANKERS PASSED ON THE CHANCE FOR YOUR 5% FIAT CUT....ONE WORD........DISGRACEFUL.
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Nearly two days have passed without any accepting of the situation. I don't want to be around for the Politicians prepared answers......
Project wise I'm out.
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The Magma investment was the first major warning sign.
Daniel waited until after the crowd sale was complete before announcing that he accepted VC money. Magma of course passed on the coin sale and bought a direct stake in the company. VC don’t care what gemz are worth, and their investment wasn't made to give gemz value.
This was clearly a sneaky move, especially after all the talk of transparency and accountability with GG using Konify, milestones, etc.
The way GG was marketed was that the token would exclusively fund the attention economy, and the company would live or die on the network's success (perhaps through making a commission on transactions).
In other words, everyone’s interests would be aligned: We’d all want the broad adoption of GG so that the token would retain a high value.
Well, a year later we have the surprise announcement that “AE can’t be rolled out (at) this stage”, but we’ve developed a new revenue stream for the company that’s completely independent of GG/gemz/AE.
And we did it with your money.
I hate to say it but you understand what most on here aren't, they are in crypto pumping, shit coin mode I think they can't grasp what is being said now. The really sad thing is maybe even the team don't know what they have been persuaded to do. You are right, people dont just hand over nearly half a million dollars if they don't want something for it. sorry bottom line not to include gems or even Bitcoin in one Paykey app is going out of your way to avoid crypto being used by the masses...it's really that simple. Opportunity officially squandered. Plus of anyone thinks getgems which has around 20,000 downloads and will the only have a certain portion of those users into it enough to one use the app to send gems to people who don't use gems and hope they can build an advertising platform on the strength of a few thousand user needs professional help. Using only gems to send through Paykey is a non starter.....you guys must see that? It's literally a token effort...while the real project is the hook up with banks and the fiat version. |
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Nextgencoin and lawson how about you just sell and move on? You keep repeating the same shit. You got your milestones already and ae rightfully needs time.
Regarding nextgencoin why should everyone side with you when you were pushing vanillacoin as the next bitcoin here in the forums and were hugely wrong, look at vanilla now nobody gives a shit about it.
The fact is paykey is going to happen as stated by getgems, for getgems this is a huge upgrade. Take it for granted no alt will have this feature, yall dont deserve such team, your emotions is tied to the price if the price went up yall would praised them.
You are mistaking this as some kind of bottom feeding FUD or coin competition. It's not, it's about principle along with investments made. Only dumbasses cheerleader coins without engaging their brain stem...or someone scared they will baghold. I'm heavily invested and I couldn't give a crap about the price, I care that this project seems of lost its way.....If this Ann said Paykey making fiat payments easy I wouldn't be annoyed but sorry but the only way to make messaging pay if you own the rights to the container. So this not only becomes a different project but a different set of principles which really don't even need to be in a crypto forum honestly. Since when has a project sending fiat while giving up the idea of using Bitcoin at the very first chance as a councious choice....a crypto project? I'm asking questions that have to be made. And still hoping for an answer... And I lay most blame at the feet of banks that have probably swarmed on new tech ideas to shaft the customer...yet again. I mean I can almost see their thinking....ok you do one for gems your little coin and then one for Bitcoin .......and then we will do a proper one for real money.....bye bye. I don't get why the team gave up this leverage for crypto in such an obvious way? I mean was it a technical limitation cause I can't see how they couldn't of made just as much money on payments with the one app rather than separating the paymnet options....such a poor decision. |
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Bitcoin and gems will be included and if paykey explodes then gems would follow because its integrated in paykey aswell. Alts like litecoin would dream about being added to paykey.
Why would a bank or say a FB branded PayKey add Gemz........? I'm really talking to a wall here. I'll put it simple. the choice is Gemz is included in an app, a unique app that no other makes payments possible in ALL social networks that can be downloaded and used by 2 billion users worldwide, snapchat, Whatsapp, etc........or as what is happening it will be included in getgems which hasn't got past 10,000 users on Google Play in one year.......at the same time it will be available to anyone else who wants to use it. You do the maths..... |
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Seriously why are you guys arguing to cut your own throat? I'm saying not really including gems and btc in an inclusive situation with getgems you aren't prioritising the very currency you created and we all bought. Why would anyone in right mind not mind if a team treated its own currency like that?
Maybe it's language barrier but I think people don't understand what I'm saying.
I'm guess you guys won't get it until you get a sick feeling in your stomach when you see cross social network payments blow up in the coming years fuelled by Paykey but your gems will be worth similar to now....cause they didn't get included in one exclusive app.
I feel sorry to say this but you guys don't seem that bright.....
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It's not just that they have made PayKey possibly with getgems funds it's the fact that the inclusion of Gemz the currency they crowdfunded the project with are 'it's seems' only half hearty being used. I mean why would anyone white label your product without the need to use Gemz. it's like everyone supporting and crowd funding a NEM type coin and then they release 5 new NEMs at the same time.
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At the very least you guys should be asking the getgems team to postpone providing the white label to banks before they completely screw any hope of the app getting any usage. I'm not being impolite I'm just trying to get across the difference between owning a piece of PayPal to a piece of getgems app......it really is as big a difference.
The getgems team if they do this basically had two choices.
1. White label the thing, they get rich from the licenceing and a percentage of every paymnet using their tech, they get rich but crypto doesn't move forward, in fact fiat is given a leapfrog in digital payments. The die rich but unsatisified old men knowing they threw away the God given opportunity to do good.
2. Getgems held onto the patent, took a risk developed an app that the whole world would of wanted which would include btc and gems, they might even have to deal with opposition from the banks. they would become rich, famous tech billionaires and would of introduced crypto to the masses and all the economic corruption busting wealth creating benefits that come with that. They die rich knowing they made a difference.
I'm sorry for the team as well as investors here if they choose 1.
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I think the concerns are not being understood. I'm saying that Getgems has possibly been tricked out of giving up its greatest asset to banks. You could develop an app like Venmo and guarantee almost it would be the next big thing in payments cause literally no one else can come close to cross social network payments.
What I think they have done is given the golden goose away to the banks. I'm sure the getgems app will do ok but I am talking building the next Venmo or PayPal with Bitcoin...instead the tech will just be licenceed out getgems the company get a cut and getgems followers eventually get forgotton. It's like instead of hosting the party you give free tickets out to everyone and turn up for the last 5 minutes.
wake the hell up people. Having one central app that banks had to connect to make cross social payments is a billion dollar idea, getgems the app is not......PayKey was about to leverage it to supper star status now it's back to, yeah we got 30,000 downloads.
I honestly think the Banks have played the team. And people here aren't getting at all the opportunity that they just lost.
*And whether you understand it or not, when a more pure fiat Paykey gets 100 million downloads in like 3 months and getgems messenger gets 20,000 it will click and you will think shit! That app could of had btc and gems as an option in its paymnet choices......then you will get it....groan.
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There is no competition for sending money like PAYKEY...sending money across all social platforms is unique, apps like Snapchat and FB have walled systems, they can only pay inside themselves....totally different to one app solution which would be very popular. THis actually is the holy grail of online payments that guys like Google and Apple have been fighting for. This ability is the power that the teams holds.....White Label imo just gives that power away.
I still think people not getting that of there are a bunch of apps that use PAYKEY then getgems with Paykey has almost no chance at market share. The name itself suggests there is another pure fiat PAYKEY app in the pipeline honestly.
There will be no attention model if you don't get a lot of users on at least one app....period. I feel bad not just as an investor but also this is potentially a Microsoft OS moment when microsoft won the right to be the operating system inside new PC's. PayKey instead of being a massive revolution putting Bitcoin and the attention model in front of the masses is throwing that power into the wind. Paykey will make a lot of money for the team possibly but it will just be a small copyright small print proprietary tech that gets sold to Google and no one ever hears of gemz and attention model ever again.
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But wasn't this all about the attention economy? Everyone suddenly forgot that? Attention economy is coming and GEMS is the only way to buy ads, are banks having this feature? NO, now which shitty alt can be used accross all social platforms? This is more an upgrade, weak unpatient hands are being shaken,
But I think what is concerning a few of us is that will NOT be the case. Why would a bank take on PAYKEY tech so they can funnel their customers money and bother with the attention economy? Like Daniel said the White Label would be payment agnostic, banks would use fiat. basically like one poster said if they give the tech out as white label then actually you have created a bunch of competitors with exactly the same tech....Worse still you make getgems almost obsolete offering very little that now wont be available on any social platform. Like I said I hoped Getgems would create an app and have it all under their own roof forcing it to use BTC and GEMS and the attention model....but having banks connect up with it as a fiat gateway. I want to be wrong honestly..... |
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I think what you might not be getting is Gemz doesn't need to be part of PAYKEY at all...I mean once it becomes a white label application. I hate to be crude but the Getgems team don't need to care about gemz as a currency. They would receive their income from banks using their technology and possibly a cut from payments...possibly the 5% mentioned in the presentation. And I honestly think you are living in a bubble to think banks need to care about BTC let alone gems.....they don't....they only need fiat.
Bottom line, if there are multiple ways to use PAYKEY across platforms then getgems with Paykey has almost no chance of gaining any significant market share. Hey even FB could give get people signed up to their version which then can used across other platforms.
I guess I saw the vision as Venmo but better and included BTC and Gems as payment options.......starting to think I was wrong.
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I'm not really questioning your personal belief in Bitcoin. What I'm saying is can you confirm paykey with getgems will have fiat.....I'm not arguing against fiat...I'm actually arguing FOR it.. I'm worried getgems is being sidelined for a more robust banking app with PAYKEY.
And also I would add are you sure you want to provide PAYKEY as white label? It seems to me like you are giving banks a way to completely bypass Bitcoin altogether. I mean would they have to use btc in their version of paykey? Why give them this backdoor? Why not build Paykey to your specifications and if they want to be part of it have to work through you not walk off with the tech and build something similar?
I think your should really Omit the word getgems from the app. Simply Paykey is better and less confusing, I mean what does getgems mean to most average user? Surely Paykey is a simple app to build out from. And the if say a bank wanted to use Paykey in their tech they can just add 'powered' by Paykey. Cause what I can see happening is a 'Citi Pay' comes through Citibank or any bank and gives their customers a way to pay across social networks and where will Paykey with getgems app be then?.........hint. nowhere.
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I'm of course a supporter but I feel like the waters are a little muddy at the moment. My understanding as well as many here I think is PAYKEY will be this app you download and you can make payments in either fiat/btc/gems. But from your answers on Zapchain about PAYKEY being currency agnostic and white label and the fact there will be a separate 'PAYKEY with GETGEMS' makes me think what really might happen is get gems might get its own little paykey app that may or not include fiat and only gems and btc.....I mean why the distinction? Why not just call it PAYKEY? My point is PAYKEY and GETGEMS are starting to look very separate in the roadmap ahead? But also there will be a ton of PAYKEY apps in the pipeline i.e. there is a Citi PAYKEY app with fiat only....as they would have no real motivation to include gems in the app....and barely any for btc. And also what is hinted at is ANY coin can easily get its coin involved. So therefore we could see PAYKEY with Dogecoin or Clams etc just as easily as for Gemz? Plus I have to pull you up on this but you have stated in the discussion that "A1: The vision of GetGems has always been: (1) to make payments social, global, secure and simple (2) to reward users according to their contribution to the network."which contrasts fundamentally with the vision on this Ann for Getgems. "About
The primary goal of GetGems is to make it easy for millions of people to adopt bitcoin.
Read more about how Gems is going to reclaim social networks from the control of traditional establishments."I hope you guys haven't lost your way.  |
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now maybe i'm behind in all the goings on here, but is there a decision and breakdown of said decision on what the remaining coins are earmarked for?
i did see something on the nem forum, but yeah seemed unrealistic figures for such small time things as android wallets etc, so i guessed it wasn't a set in stone breakdown? ie why be in such a hurry to get rid of coins on projects and thus massively devalue xem?
down xem price that's wonderful  so true judges of nem can buy more xem fuel at which the new world economy will work you guys are delusional.....seriously, get help. |
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