Topic: [ANN][GEMZ] GetGems - Social Messaging App That Pays - Live on Android, iOS, Web - page 227. (Read 597190 times)

We never claimed that everything described will be working from day one (you can read the development road map here: https://koinify.com/#/project/GEMZ), this is the whole point of having Counterparty and Koinify release the funds in a milestone based requirement tier. We are aiming for a much more aggressive timeline.

Let's be clear you HOPE to be the first. SENDIT is developing a very similar concept, messenging with wallet, Telegram in fact so GEMS lost a lot of shine in some people's eyes suddenly.

My biggest concern is I thought this was already developed? What have we all been investing in, an idea?

The description of how the airdrop and advertising system until we was described very specifically, I was under the impression that side of things was already done. So how long till those functions will be in place? The concern with the timeline wasn't just Android, it was waiting for a long time to have the airdrop in place, Android was secondary to that.

I'm not a troll, I'm asking reasonable questions as an investor.

The Gems team asked for feedback. The community said it was most concerned about the timeline. The Gems team promptly found a solution.

And now the trolls are deeply upset.

"This isn't changing their concept, it's using already proven and developed code for the messaging infrastructure, everything else needs to be made from scratch (built in wallet (which will be first mobile Counterparty wallet) reward & airdrop systems, anti-spam filters, the advertising platform, etc). There is a lot more to the project than just the core messaging protocol."

Well maybe they should stop the sale now that they won't be spending the next 6 months hiring developers to make the android app?..1700 bitcoins should do the trick, No?

I support the initiative to use Telegram.

As for those complaining that the application is not "built from scratch," I wonder if you even know what that means. Do you think they should create their own programming language "from scratch"? Or perhaps have their own chipset made for their own line of cellphones (without depending upon any current technology, of course)? Are they allowed to use trusted cryptographic algorithms for encryption or do you want them to spend time and resources creating ("from scratch") those things, too?

In short, nothing is ever "built from scratch" because everything is always built with and on top of something else. To do otherwise is impossible, and to desire to do otherwise is foolish.

Are you ThePiachu from reddit? You posted the Gems related blog a while ago on reddit and the same here aswell, i'm not saying you have bad intentions but you are trying to nitpick here. Like you said you haven't really followed Gems so it would be better to research more on it before making bold vague statements when they added an update which actually boosts Gems even more than before if you see what this update has solved. Those who have followed Gems from the beginning know how honest and transparent they have been and will be more than happy with this update which opens the door for this innovative concept to more users.

I think these comments below answer you.

I have a hard time to believe you are invested because

• You are blatantly lying about 3000+btc being received. The correct amount is 1700 btc
• The Gems team hasn't received any btc because the funds are stored in multi sig and they get paid on a milestone based vesting, meaning paid per development where Adam co-founder of Counterparty releases the funds
• Nobody changed the whole concept, they have added an awesome feature which has solved the issues with the release of iOS and Android as well as the airdrop. See Netnox post how Gems actually nailed it with this update.

It seems like you as someone who have investment you didn't do much research at all or else you would know the points above.[/list]

It's always a possibility if GEMS development team does not reach their milestones. Gems never claimed to "re-invent message infrastructure", that's not why Gems was founded. Their goal from Day 1 has been to bring crypto to a larger audience, which we feel is still being fulfilled.

As for the "built on bitcoin", nothing has changed. The built on bitcoin phrase always referred to the Counterparty integration (which is built on Bitcoin) -- none of that has changed. The GEMZ token is a public, locked asset on the Counterparty protocol that can be verified through the blockchain, nothing is changing. Telegram is a tool in a toolbox, not the whole toolbox.

This isn't changing their concept, it's using already proven and developed code for the messaging infrastructure, everything else needs to be made from scratch (built in wallet (which will be first mobile Counterparty wallet) reward & airdrop systems, anti-spam filters, the advertising platform, etc). There is a lot more to the project than just the core messaging protocol. The platform does not change, I don't know where that is coming from.

The money is held in a multi-signature account with Adam from Counterparty as a holder; Gems will not get their % of each milestone until Koinify + Adam agree that what Gems has delivered fulfills their goals. We work closely with the Gems team, and are making sure everything is inlign and transparent. We appreciate all feedback from the community, and you can always drop us a line at [email protected] if you wish to discuss anything with team Koinify.

EDIT: For members who have not purchased into the crowd sale but are thinking of doing so, I highly suggest you to do your own research and come up with conclusions for yourself. The good posts, the bad posts, it dosen't matter -- please make an educated and informed decision before purchasing GEMZ on your own.

Thanks for that very clear summary. Everyone complaining about being cheated should read the above list.
You're not being cheated, you're being given MORE value for your money. The Gems team just increased the chances of Gems becoming a succes TENFOLD.

Fair enough. So, are refunds available due to the change in the original investment prospectus?

I invested with a bad feeling about the timeline. This change makes me feel much more comfortable with my investment. I interprete this as flexible adaption and the correction of a mistake.

This is cryptoland, red flags are what we see from the very start. If you find a dev team without seeing red flags than you are lost from the very beginning. Make your decision and see it unfold.

Sad, oh well, atleast they tried. These unfortunate usual red flags are always seen on alt market. I rather stick to the most transparent dev teams and not the ones that switch up things after ipo smh.

I'd just like to make clear, we've raised 1,700BTC and GEMS has not received any of it. Again, the funds are locked until Gems team shows development progress on the vested milestone schedule.

Thanks. Right decision. You should have done this earlier though. Never, ever reinvent the wheel.

Social network is not a competition of simply technology, but offering innovative features and models that grow and retain users. Just like Uber or Lyft was never about how hard-core their technology is, Gems never intends and claim to be solving any byzantine-general problems or revolutionizing messaging infrastructure problems -- on the opposite, we think building truly valuable cryptocurrency app that're approachable to the general consumer is what lacks in this space. We are not and should not be shy about any approaches including leveraging existing infrastructure that could help us get to the market quickly and reach the most user base.

The decision to use Telegram is anything but change to the plan we communicated. We're still commited to bringing the crypto to the masses and let users take back their social network. Releasing iOS and Android crypto messaging app, delivering Crypto Ads platform (anti-spam filters/attention rewards economy model), and mobile counterparty wallet, these are innovations that no one in this space has done so far and takes significant development resource, I'd very much want our dev team to focus on these rather than to reinvent the wheels.

Hope that clarifies our thinking. Happy to answer any other questions.

Thanks for the update. I only see this solving the drawbacks and making it possible for features mentioned above to be released earlier aswell.

Android wallet came at a later date - Now Android & iOS will be released together.
Android users couldn't receive airdrops, only iOS users could - Now the airdrop is available for both Android and iOS users at the same time.
If the airdrop would have been extended to a later date for Android to be ready, another competitor could enter the field and do it earlier - With this update it will not be possible.
Gems innovative features would come at a later date - This way the team can release them sooner than they mentioned.
Gems didn't have the advantages of Telegram integration - Gems now has apart from all it's features also the advantages of Telegram integration.

Putting Gems in an even more superior position than it was. Great job!

Please read: https://bitcointalksearch.org/topic/m.9850242