Something's missing from the whole DigiByte Scene...

Ah yes! DigiMan! He has been missing from the DigiByte scene for way too long and way too much. we need some fan art. like maybe someone can just do a simple rough sketch with pencil of how DigiMan gets upgraded with DigiSpeed + MultiShield, etc. lol...just something that crossed my mind. nothing important.

Time to refill!! Bring it sellers! Or you can let the price grow.

did that one person also left behind some GEMZ for the picking? i got more Buy Orders waiting. i mean...that one person said he had nearly a million GEMZ, right? Right.............?? i mean...its kinda weird to leave while still carrying nearly a million GEMZ. not leaving makes more sense. but to leave with that many.......

as of now according to total available supply, only 88 people can have 1 million. that's record breaking compared to people shouting "Im in the one in a million club - 21BTC".

oh well...guess i'll put my buy orders into hibernation. must have misread.

Gonna try to balance it out for everyone, but more concerned for the newcomers.

For the past 10-20 pages, it has been one heck of a debate, discussion or an ugly form of AMA. Everything was fine up to the point when "White Label" came into the picture regarding PayKey. But based on the whole atmosphere this thread is giving off, seems like its better understood as 'Grey Label'. And then there were suggestions and speculations of how it will turn out to be, how it is suppose to be and so on. but a lot of fine details remains to be unclear of how PayKey works like what is happening behind from step to step, what are all the features of PayKey, what's the masterplan for it, etc. So far, all info gathered are still not 'fine' enough. Still very conceptualized although not exactly generic. If you want to be on the same page as me, you may read the past 10-20 pages of this thread. And then wait till around end of Nov 2015 for things to become clearer.

Allow me to do some introduction of myself with close regards to GETGEMS: i am a trader, i am an investor, i am a social user.
--- When i trade,
price is of no concern to me. i just make it a win-win situation for myself - price goes down = more GEMZ for me when i buy. price goes up = more profit for me when i sell. simple. As a trader, my only concern is how i trade.
--- When i invest,
(1) it means i am also supporting the company, the project and the people behind them. Because i am giving them my money to use it to do something and i hope (not a guarantee) that i can get something good in return - a portion of the fruits of their labor. Needless to say, i do want them to succeed. And along the way, if there's something fishy going on, i have to give them the benefit of the doubt as i have to understand their position in this Cryptocurrency Business World and they can't always be transparent or be transparent with every detail until the time is ripe enough. Going against them improperly also means i am doing harm to my investments. So if you really really want to find fault with them, it better be proper with pinpoint accuracy. And so, yes, i have invested a safe amount during last year's GETGEMS Crowdsale. i am one of the Early Buyers.
(2) With all that said, an investor must always prioritize oneself higher than them no matter what. Because not all investments or projects or businesses succeed in this world. That's just plain basics, like an Investor's Creed. So i don't put all my eggs (money) into one basket (investment). Rather, the more baskets i have, the better. if i ever find one basket having too many eggs, i will find more baskets. Not invest more eggs into one basket, even if that one basket seems a lot better than others.
(3) Reason is because, in this world, anything can happen - and in the Cryptocurrency World, far more worst things can happen. The worst thing is Bitcoin & Altcoin gets destroyed (a small possibility), externally or internally. So if any of you wants to step into this cryptocurrency world with all your possessions (a.k.a. ALL IN!) while it is still in its growing stages and obviously not in good form or in its final form, you best take measures and precautions for yourself to be "AS SAFE AS POSSIBLE". Besides competition, regulation is a huge headache for both bitcoin & altcoin. Regulations from every country around the world has yet to be finalized and to be created, much more so for every altcoin. So far, only Bitcoin has been going through this wild regulated ride. But altcoin is another case on its own and they can be extremely picky about it as we all know 100s of altcoins have died due to reasons like its a scamcoin, a P&D coin, etc. even MLM businesses are catching up to ride on the waves of Bitcoin or Altcoin. So regulations are toughening up.      
(4) If you instead choose to rely on "Trust", it is as good as relying on "Risk". Only difference is, you dance with the rules that have been put on the floor - a play with words. Don't like reading all the terms & conditions?
(5) Then simple - invest only what you can afford to lose. Or better, invest only what you are able to get back by trading the moment it is tradeable on any exchange before your ROI (capital profits). invest too much and it can become a long and tiresome 'Road Back To My Capital' (getting back your capital/initial investments). you first study the market - how many GEMZ are available in total? Then you study how many GEMZ are being traded each day. if its only less than 1000/day and you have an investment of 1 million GEMZ, well...good luck to you. But if you have an investment of 1000-10000 GEMZ, then good. once you get back your capital, you can continue trading to get more GEMZ.
--- When i socialize,
i think its only natural to be concerned for the welfare of others. Why would i want to put them in danger or at risk of being in harm's way or at a loss? Do i sound like i am neither here nor there? Maybe. But a more accurate description would be - i am actually everywhere with lots of pros but very little cons, nowhere with lots of pros but very little cons. There is no such place with 100% pros, 0% cons. Not only for myself but for everyone who come across me will at least have a pair of wings to fly and a pillow to fall back on for every situation, every scenario. Based on the advices and strategies i offer that is. If GETGEMS succeeds, we are there (because of our investments). if it fails, we are not there (because we got our capital back by trading). Whoever come across me will be warned just as much as i warn myself. the only thing i restrict myself from doing...is any form of baseless unhelpful negativity towards the company. complaining but done properly is a form of negativity but it can be helpful as it raises awareness or provide insights. if it must fail, let it not be caused by me or may i not have any contribution towards its failure. Because it can be a self-fulfilling prophecy. And that is something...i can only advice to others.

Cheers everyone.  

 

spot on.  

a few things to clear up with pinpoint accuracy - don't get it wrong. DigiSpeed is indeed getting FASTER! it's just not more transactions. there is difference between SPEED and No. of Transactions. the blocksize contribute to the No. of Transactions. have some of you failed your MATHS or PHYSICS or basic understanding of how the blockchain works??? That day, someone (forgot who) raised a point saying how it is pointless to be able to transact so many when DigiByte has little transactions. true enough. And so that was taken into account BUT the speed is still there!

Also, Hype wise...not DigiByte's fault. it's mostly my fault and/or the community's fault and whoever else want to join in the party. Because hey, how can we not be happy about it? So we expressed our joy and there you go - the HYPE. Our right to be HYPER about such news! sure they do announcements. but sometimes things get delayed and they have to push it back due to reasons. They can't control everything. there was a period many of us kept asking about what happened to DigiSpeed and we all wanted some bit of new info regarding it. And so DigiByte did released some new info.

Whoever is not happy and wants to get in more, rely on your trading skills than your manipulative skills.


LOL! DigiByte's color matches well!!

no. apparently, it seems there are a number of possible case scenarios that goes "if its like this, its going to be like that" and "if its going to be like this, it has to be like that" and so on. Because...the picture all of us are getting (those who support, those who are against, those who are neutral) is still somewhat vague to a certain or to some extent.

At this point, it is no longer wise to discuss or to debate or to even ask to find out more. Even reading the last 10-20 pages of this thread can be quite a headache, particularly for those who haven't been following. so my advice is...just wait it out till end of nov 2015 and we all may probably see some PayKey.

My best description of this entire fiasco - Everything is in the Grey Area. So next best advice is - Don't put all your eggs into one basket. One of the principles of every good investor. Next advice, which is a new one, is this - for every coin you invest, once it goes tradable on any exchange, try to get back capital, just in case. Afterall, we are still in the 'Wild Wild West' in this cryptocurrency world.

uh...no. bogglor is just confirming if it is indeed doubling every 2 years or every 1 year. DigiByte's excelsheet showed every 2 years but DigiByte had typed "doubles every year". no harm clarifying. but i presume its every 2 years. hard to believe they wouldn't be able to notice the mistake if it was a mistake.

then again, no harm clarifying. so DigiByte, its doubling every 2 years right?
i mean....524288MB! THAT'S 524GB per block! Hashing power required will be over 90000000000000000000000000.....

prices have taken a little dip after digispeed announcement. Everyone...

awesome decision regarding the size of blocks! that's the way! grow slowly but surely. Having followed DigiByte this long, i am sure this isn't final (Bitcoin is still growing) and Jared and the DigiByte Team will always be monitoring over this particular issue. that's the most important thing in handling such matters - learning to grow with the problem and constantly addressing it from time to time.

DigiByte Team FTW!

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!

just to reinforce what fragout had said, that particular point in bold.
before we heard or knew anything about "White Label" or "Banks with PayKey", all of us, practically everyone was happy about GETGEMS with PayKey.
so lets focus on the words in bold above. nothing else.

Daniel himself said he will be providing answers (should be less than 24 hours from the time of my this post). so whatever it is, just hold back your statements and opinions.
i too am one of the Early Buyers and took part in the Crowdsale last year. so it is only fair that if the man says he is gonna explain:


then we shall give him that chance.

"You surly are not suggesting that Paykey was developed by a third party with noting to do with getgems the company and funded privately"
no. nothing to do with third party. let's not bring that in. otherwise some other newbie account will come in and create more confusion.

first of all, some people are not happy with this and just this alone --> "crowdsale funds used for developing PayKey". now, based on the conversation between Jerome and Daniel, yes...you and i can say that Jerome was referring to GetGems (the company). So as a whole, funds from both crowdsale and magnum (ehhhh....WAIT! Daniel! how can you get this wrong!? its MAGMA!!! )...okay...so yes, funds from both crowdsale and MAGMA were used to fund the company. THAT'S FINE with everyone. but some are not happy with crowdsale funds being used for PayKey because of principles and not what investors expected according to roadmap, etc. that kind of stuff. that's it.

i was simply correcting your interpretation when you said "some of the crowd sale money at least was used in the development of paykey". difficult to verify if that is true because $400k from MAGMA is possibly enough just for PayKey's Development alone. But thinking about it realistically speaking, i have no idea how the heck funds are to be divided for this and that project. those who are not happy with how funds are being used, did you think through how the funds are going to be divided in the first place??? like is there 2 office, 2 teams of people, 2 bank accounts to hold the money, and then $400k goes to one side and the $800k from crowdsale goes to the other??? really? you (as in them) think that's how it works in reality? of course not!!!

There's no basis to their complaint. which is why i then thought its stupid. Had they complain that PayKey has absolutely nothing to do with GETGEMS App and/or Attention Economy, like GETGEMS won't be getting PayKey at all, then yes. Point is: GETGEMS will have PayKey, Banks will have PayKey, other financial services will have PayKey. Now, all we need to do is wait for Daniel to EXPLAIN how the banks with PayKey will add value or benefit GETGEMS. that's it.

For the upset people, i think you need to use a simple approach and say this to Daniel: "Hey Daniel, WHY are you giving the banks PayKey too???". just keep bugging him to explain and to give details. Because i too want to know HOW it will benefit GETGEMS and as for the upset people, they want to know WHY banks are getting it too. That's our common goal, we are looking for the same answers and information. let's just keep it simple that way. Instead of any of us trying to be smart about what is right or wrong or what's going to be, or finding loopholes or faults here and there and everywhere, finding signs of dishonesty...really...no evidence, no say, no show.

hey...its alright Jumbley. i think MrPump is only referring to me here. let me have the honor of taking all the shame. ***YUM...so this is what shame taste like  ***
clearly and obviously...i am the only one who is a 'bagholder' (My profile picture on the left).  

That's how you interpret it to be. Here's the source. Everyone, please read it for yourselves.

Taken from: ZapChain GETGEMS AMA
https://www.zapchain.com/a/GW8js0C1ML

Ctrl + F and search for "in the last 11 months". Read what Jerome Colley had typed and read how Daniel has responded.
Jerome asked: "First, what was the financial cost to bring GetGems to market and how much of the company is owned by venture capitalist?"
Daniel answered: "We are still bringing GetGems to market and in the last 11 months we we have used 25% of the funds raised in the crowd sale and some of the $400K investment made by MagnumVC."

Now, what i can understand from this alone is that funds from both crowdsale and MagnumVC were used for GETGEMS. PayKey is nowhere to be found. I have absolutely no idea what makes you say "some of the crowd sale money at least was used in the development of paykey" in those few words. UNLESS, you were thinking of the first few words of what Jerome had typed "GetGems yes. Airdrop and PayKey no.". Having read that, i don't even understand what he meant by "yes" and "no" (no offense meant to Jerome. Excuse my rudeness). EVEN IF lets say Jerome was referring to the whole entire GETGEMS Project (GETGEMS App, Attention Economy, PayKey) and Daniel gave that answer, we still can't specifically say that crowdsale funds were used to develop PayKey because Daniel was also referring to the entire GETGEMS Project and GETGEMS will also have PayKey and that holds true.

whoever has a problem with how funds are used, you want clarity? just ask Daniel directly: "Hi Daniel. Did you use any funds from the crowdsale to develop PayKey?".
I'm fine with everything so far with how the funds are being used. so whoever wants clarity on this, just ask. why beat about the bush and come up with your own conclusions??? just ask Daniel.

come to further think about it, asking about it or saying funds from the crowdsale were used for the development of PayKey...honestly in this case, its stupid. if GETGEMS isn't gonna get any PayKey for itself at all, then i will agree that funds were PROBABLY misused. We still need evidences at the end of the day. want to get down to it, that's how we get down to it. But GETGEMS will have PayKey. what you are upset about is that banks and other financial services will ALSO have PayKey. That's something we need more details and information because we dont exactly know how its going to work out in the end and how is it still going to benefit said parties. Otherwise, let me agree on this then: YEA! crowdsale funds were used for the development of PayKey! ---> to pay employees, to pay office rental, to pay anything else that has nothing to do with PayKey or GETGEMS but important for business operations, etc.

just here to reply specifically on this point - be careful in saying how Daniel and the GETGEMS Team use funds.

DON'T FORGET - $400 000 came from Magma. MAGMA HAS GOT NOTHING TO DO WITH CROWDSALE! It is possible that all of those funds were used for the development of PayKey and not a cent from the crowdsale was touched for PayKey. is $400 000 enough? yes...very very possible considering how small their team is and how long they took  (less than a year. nearly a year) to develop PayKey until its in a Near-Finished state to be aimed to be released by 'end of the month' (which i guess end of this month). Also, its a keyboard app? a really advanced one of course. But not as mega huge like Facebook's current app (not referring to the messenger. FB got 2 apps.) with tons of features, etc.  

No evidence to back up your claims or statements? then you are dismissed.

OHhhh and one more thing - for everybody's future references, GG won $250 000 from the North43 Buffalo Competition.
So anything like this again in the future, DON'T FORGET.

Off i go until i see/read something that is very off like the above point being made. Until then, i'm just gonna wait it out and see how this PayKey works first and also wait for clear details from Daniel and the GETGEMS Team regarding PayKey. if good comes to worst, just sell off your GEMZ and re-invest into something else. end of story but not for me. I'm gonna wait and be patient.

im okay as long as its beneficial to the investors too, i believe that's our main concern, yes? if we don't benefit, then yes...bring in the drums and hammers.

Many details about PayKey, especially how it works exactly and its features, are still unknown. the video presentation at North43 Buffalo only showed a tiny few things happening. That's not enough to determine whether GETGEMS will go south or High North. i got questions like:
--- does PayKey App store/hold money? can it?
--- if no, then how does one send money? direct transactions between bank accounts?
--- if yes, is it secured enough to store money on it, particularly fiat? i mean its a keyboard app so is it as safe and secure as any social apps like Telegram?
--- if yes, how does one send money to PayKey App? through Debit Cards? Or by connecting one's bank account to it?
--- How will PayKey be tailored to each financial services (e.g. banks, etc) when all of them will be able to send fiat across all social platforms? As in, for e.g., how different will HSBC PayKey be to Citi PayKey when both can do that when that is the selling point of PayKey? Won't they, and every single financial services, be directly competing with each other?
--- Does PayKey only leverage off social network contacts? What about Phone contacts?
--- soooo many Qs...

The wisest thing to do now is to wait it out and see how this PayKey works first. So Daniel and his team will be AIMING to release PayKey with GEMS by the end of the month - hopefully 'the month' means 'this month'. No specific 'month' was mentioned in ZapChain so hopefully its 'this month'.

Think about it - why the rush trying to confirm all these details now? And confirmed by yourself + any others who agree with you? what are you gonna do when its confirmed and not by Daniel and his team? the wise thing to do from here on now would be to wait for clear details from them. i see no reason to rush.

And really? backing out when AirDrop just came out like 1 week ago? Web/Desktop Client just came out a few days ago? Hasty decision my friend.  

In any case, seems like we all agree on one thing: banks and financial services will only be interested to utilize Fiat and not any cryptocurrencies as of now, while GETGEMS PayKey will have Bitcoin and GEMZ. the GETGEMS app (not PayKey) may possibly have other altcoins if ShapeShift gets implemented.
Firstly, the day when an altcoin gets to be directly exchanged for FIAT is getting closer than ever. i foresee Litecoin, Ethereum...these few will be among the first. And once those 2 are in, it will be easier to add others. It won't be long - the very latest will be before end of 2016. Bitcoin has achieved it but only in a certain enclosed space - Coinbase. It's not on the whole entire grand scale as of yet but at least it has been done. Because Coinbase is an exchange, a wallet, and has direct connections to bank accounts. So the flow and economy is all there in one place - centralized unfortunately.
Secondly, who says we need bank accounts? Take one step back and look at Facebook: they use debit cards to send money in their messenger. that is another way - an easier way than simply connecting one's bank accounts that has a lot more paper work and legal stuff to work with.
Thirdly, keeping in mind of the previous 2 points, there is a lot of debate with how banks will take over and reign supreme with Paykey. But once GETGEMS PayKey can send FIAT too, then what's with all the fuss?

i suppose so. on ZapChain, the sentence was in bold . would have been clearer if it was "end of this" instead of "end of the".

well said.

lets just wait for the full details from Daniel and his team. Or if anybody wants, you may try to ask all these questions on ZapChain. it Ends in 8 hours and 43 minutes as of from the time i am posting this. for those who are lazy (like me. lol!) and just wanna wait, well...we won't have to wait for long:

Taken from ZapChain: https://www.zapchain.com/a/GW8js0C1ML
"We aim to release PayKey with gems by the end of the month.
PayKey is now also available as a white label solution for any financial services and will be tailored to their specific specifications."

not happy with GETGEMS for whatever reasons, wait it out and see how it turns out, as not all the details are out yet. keep in check with what we know for certain. until then, let speculations be speculations, discussions be discussions.

can't be mined as far as i know. either you buy it on an exchange or earn it through various ways on the GETGEMS App.


Quoting myself --- "there's already lots of competition with regards to "sending money". i don't see how the idea alone (sending fiat) is so that important over Attention Economy. because its an old idea that is just getting easier and better over the years ahead." (<--this requires one solid explanation).

On the big picture of sending fiat, we have Bitcoin and whatever altcoins already competing on sending money across borders for nearly free. And we have new payment startups (nothing to do with cryptocurrency) trying to hop on to this boat as well. but GETGEMS will not further groundbreak that groundbreaking because...if the PayKey version for GETGEMS allow fiat to be send to another, its only going to be in a much smaller market - the smartphone market. not the MOBILE market. there's a big difference between the 2.

So even if Banks can do that, that's about all they can hope to achieve. and Banks will also be competing with each other. i mean, lets say i want to use CitiPayKey. but i dont have a bank account with Citibank. i only have UOB bank account. can i still use their CitiPayKey to send money? most probably not. If yes, then its something we still dunno because we dunno how PayKey functions...exactly. does it store money?

But in time to come, when it becomes easier to allow fiat transfers, i am sure it is something that Daniel and his team can implement it in the future. For now, only Bitcoin has overcome that hurdle. Altcoin...none yet whatsoever.