Please state how?  or are you blowing hot air?

That's just messing with the price, it's not suppression. If anything it would just create more opportunities to trade it. A central bank would need progressively more fiat to do it till they point it would be ridiculous and Bitcojn holders would all be billionaires.

ok I worked out Unusualfacts30 bizarre hate of Getgems while happily posting all about other alts.


https://bitcointalk.org/index.php?topic=902788.msg10056025#msg10056025


Seems he thinks Mangocoinz (a project I think is fun and I have nothing against) which is simply a coin in an app you can send, no messenger, nothing else with some serious security issues when it was first out is somehow a great project but Getgems isn't .......trolling fail. Lol



Get back to us when the CEO of Telegram tweets about Mangocoinz and major banks vote Mangocoinz as most promising tech.....too funny.

Ok now you have moved from it's a scam to it will fail. cool, that's your opinion. But you can't be against this app unless you are against alt coins which you dont seem to be, cause umm you're here and posting about them.

I think people if they don't want to go too deep with a Getgems should think of it as decentralised social that rewards it's users rather than the owners of social media. It's not a threat to any other coin especially Bitcoin.


Why would anyone who supported alts and Bitcoin generally not be cheering this on to succeed? unless as I suspect you are simply here to pump and dump coins and make a buck.


Plus no one is asking anyone to buy anything. I have had the app since the beginning, I got a bonus for moving wallets over but basically I now have just over $20 in my wallet for doing nothing other than downloading the app. If people hate free money then sure don't download it. Haha

What.  The.   Hell.  Are.  You.    Talking.  About?

This is the altcoin discussion section HOW POSSIBLY COULD THIS BE SPAM...

How with a ton of fiat alone could you manipulate Bitcoin apart from inflating the price? If they bought tons of coins pushing the price to the moon people would take big gains and likely pump them straight back in, all it would do is raise the VOL.

If China is shut out of this app? then why don't we just get someone who understands Chinese and the app system there to get on one or more of the big app stores in China? Maybe it's a hidden opportunity?


http://yourstory.com/2014/02/google-play-place-china-app-china-connects-top-20-chinese-android-app-stores/

My point is more about exotic deriveratives. I mean the price of Gold is not I believe a true market picture but one based on paper gold which people can multiple as much as they want it seems. Bitcoin itself can't I believe be manipulated downward BUT a deriverative could be dumped at various times to make it seem like a genuine Bitcoin dump is happening....possible?



Plus, when I say manipulation I'm talking about suppression not increasing the price.


This is a massively important question cause Bitcoin has as much chance of being a major currency as a gold has ie none....IF the central banks can print digital coins and suppress the price of bitcoin. If they can't then any system they tried would probably fail....unless they simply said Bitcoin is illegal but their currency isn't. Sadly quite a possible outcome.

I saw this about central banks sniffing around Bitcoin to make a Frankenstein coin they can use to expand and scam everyone, business as usual.

http://www.coindesk.com/deloitte-central-bank-cryptocurrency/



But I thought many if they did this would prefer Bitcoin as they would see the price rising over time. BUT it made me wonder if you had enough resources they could hold the price of Bitcoin down like gold? I mean through deriveratives of BItcoin, not the actual coin. Could it be surpressed like gold?

That's great but the fact he tweeted it means 860,000 people have Getgems in front of their face on Twitter. It could break to a mainstream news story possibly.

it would be great if there was a YouTube video tutorial of Julia..

I've heard Daniel Peled the CEO explain it clearly why you couldn't just use Bitcoin. My understanding is you got to have Gem tokens to be the blood circulating in the app. I mean firstly you're asking the team to devote all their time to an app that might end up giving very little rewards. the team also need to reward users for using the app initially and this again you couldn't expect the team to pay for. I don't know how well Bitcoin can be sent in comparison to Gems offline too, gems are instant. Just so you know an airdrop is a major part of the plan, maybe 25,000 will be shared among users for maybe 3 years. People will be rewarded based on how much they use the app, numbers invited etc and how much they own. I also like to think as I own Gems I am a shareholder in the app, if you look at the coins more as tokens then it's a better way to think of them. No one is saying like 99% of altcoins believe  that Gems is going to overtake Bitcoin anytime soon. Plus I personally believe this is the best chance Bitcoin has to reach the masses in a user friendly way. Think if this app gets millions of users then all those people will have a Bitcoin wallet In their hands suddenly.

(Sorry I'm not signalling you out I just think now is a good time to mention some things that should be relevant to your question.)


I would say most people that look at Getgems don't understand what is so ground breaking and exciting about this app. Sure its a cool app, hopefully bring a lot of new crypto users,  people can send and receive coins and buy stuff in an easy way that a 5 year old could do...thats awesome BUT its the tip of the iceberg and isn't why I am so onto this project. In one word its all about the 'Attention' model.


What it means is those who want to contact users including advertisers have to pay in GEMS (thats why we have to have a token built into the app) So forget the token/coin thing for a second and realize what this means, it not only decentralises social media and potentially even the internet if Gems moved into search say but it decentralises the money involved. Instead of Zuckerberg controlling your info and also making money from it, you own the info and you also benefit from advertisers wanting to market to you personally. Basically cuts out the middleman so a direct advertisers to people connection. This is always going to be optional, you can choose not to receive gems and therefore directed advertising. Plus the model will likely work on your own preferences say a simple checklist that you are willing to receive adverts related to this subject or these are the interests I want products/services to connect to me. Plus Getgems has something 95% of crypto doesn't have and that is potential for intrinsic demand. i.e. Advertisers or users that want to connect to certain people/products/services etc have to buy Gems to do so.

So my point is Getgems potentially monetises social but for the user. Plus the flip side is if you want to connect to certain users then you also can, I can imagine early stages some stores that accept Gems/Bitcoin will want to use the network. Imagine even a famous person etc can give a price at which they can grant access to them, like only allowing fans who pay a small amount to connect, or maybe an indie filmmaker or artist who will only allow streaming of his content if people pay to access his profile....its a little silly but there are many applications where people are sick of unsolicited information and want to control what gets to them and what they want to connect to.


*The OP has lots of info and Q&A that will explain things better.

https://docs.google.com/document/d/1a129pSWTDWKWt945Un7NyTxTKPiVq5MjGFLs8mIuZug/edit?pli=1

I'm making a huge assumption but most of the buying seems to be during North American and maybe European daylight hours. I see very little during Asia/China typical trading times. So I was curious about the make up of the users. Are Chinese users able to download or are they blocked? Was a download ever provided for them or is it not planned? China is too important a market to ignore.

Well it's a bot so it's gonna act like ummm a bot. So Siri like it will be....

I don't use Coinbase but I assume there aren't that many things you need for it to do anyway, send, receive, check balance, etc...it's just a nice layer of user friendliness for newbies.

You know you could in the time you typed asking about it downloaded it and actually tried it....

poloinex

Talk to you about Bitcoin.....The perfect woman?

User friendly, the Telegram base users is 60m so  potential access to lots of people is pretty huge.

But I think the major use is Coinbase users can access their account through Telegram or a Getgems wallet.


I guess another step toward wider adoption.

telegram is hardly a slouch, it's got like 60 millions users and is in an early growth phase, it's been less than two years since it released.