Topic: [ANN][GEMZ] GetGems - Social Messaging App That Pays - Live on Android, iOS, Web - page 262. (Read 597190 times)

What does price discovery mechanism actually mean in practice?

Will the initial sale price change over time?

Gems article, hope you enjoy it http://coin-network.com/gems-the-new-bitcoin-social-network-era/

Thanks - that's the version I got.

peled1986  can u reply to my PM?

The Gems application is in an alpha development phase and should be ready for a public beta during the pre-sale.
Alpha version supports instant messaging, push notifications, new user registration and login, contact directory and display the GEMS wallet. Release server backend which supports both the cloud instant messaging and counterparty integration.


beta version registration is a "headache". if you sign up for updates about Gems we will email you once the app is in the App Store.

Those capitalization are derived from calculations based on the advertising worth of each customers and so on and so forth.   This is same about PayPal where their capitalization is derived from the transaction fees they generate from acting as a middle man payment processor.

Have to realize we are dealing here with digital currencies which operate more like traditional assets like Gold & Silver.   500K-2M Bitcoin users were able to produce a capitalization of $15+ billion in last November.  Any digital currency which has 100 million users would probably be worth $Trillions.

To put into perspective dot.com late 1990s was worth $7 Trillion and only 130 million people had internet access at the time.  

Really cool. Thanks!

How Does the System Flag Fraudulent Activity?

Users can only communicate within the Gems network through the suite of official mobile apps for the leading mobile platforms. Usage is restricted to manual human operation only. Users must create an official Gems account in order to participate in the network. Gems accounts are locked to a single specific mobile device, and this mobile device is only allowed to access a single Gems account at a time.

The system employs a constant set of offline algorithms which maintain a trust indication score for every account. This score indicates the level of assurance or trust the system has that an account holder is a genuine, valid human user. The following elements contribute to a user’s trust indication score:

1. The account age. Accounts initially start with a low trust score, which increases slowly over time (as long as it is not identified as fraudulent).

2. The number of gems available in the account. Accounts without gems initially start with a lower trust score.

3. Mobile device authenticity fingerprint. Since accounts are tied to a specific physical mobile device, every communication from this device is anonymously fingerprinted. Suspicious fingerprint patterns flag incidents of sharing, such as multiple accounts linked to one device, or access to the account from multiple devices.

4. Usage frequency patterns. Since accounts are limited to manual operation only, suspicious-action frequency patterns (such as mass use in a short amount of time, lack of interaction with incoming content) are flagged.

5. Response to push messages. The system sends periodic push messages to connected mobile devices to verify network connectivity status.

6. Communication network and friends. Interactions with high-trust accounts builds more trust than interactions with low trust accounts.

7. Relationship connections. The trust score is affected by the number of users invited, combined with the identity of the original inviter.

8. Reputation within the community. Being flagged as spam, or being blocked by other users will result in a lower trust score.

Accounts with a low trust indication score are shown periodic captchas within the Gems app in order to verify that the account owner is human.

Accounts must pass a trust-score threshold in order to be regarded as active for the daily airdrop. Accounts with low trust scores are silently ignored in airdrop activity calculations until the trust score increases.


Not at all. Do you know what my phone's ID is?

Hmm. Privacy out of the window there...

I'm not a GEMs dev. But, it should be possible to tie an account to a phone ID, thus not allowing that person to have hundreds of accounts, unless he has hundreds of phones.

Someone who can answer this?

So if you are paid to be advertised to, what will stop someone from creating hundreds of dummy accounts to harvest ad revenue? A registration fee in gems? 

Thanks for the reply Altcoin Agent    Can you post a link so I can give it a try?
Not lazy, just to busy at the moment to read through the thread. You know how it goes to much to see in the crypto world and not enough time to see it all.  

Regards
Hipster   

It does on my 4S, I'm playing with a beta version right now.

Does anyone know if the GEMS app will work on the iPhone 4?

I really hope you guys will be using strong encryption for the messaging itself  .

I also fully support the idea of an invite system instead of a traditional presale, as other users have pointed out here. That will clearly be a benefit to GEMS.

Do you guys have a working demo or concept ready/working on it or do you start to work on it after the public sale? And how long will it take until it's ready to be used?

I don't know if you are going to do this but having an incentive for people to buy GEMS early is a good idea BUT having too sharp a sliding scale for airdrops would be a mistake. i assume this was just an example and not anything like the figures you would actually do.

For example:  on day one 2 users join the network = each invite will be worth 13,700 gems.
                     on day thirty 100 users join the network = each invite will be worth 274 gems.


If in one month the airdrops had dropped a lot then really only crypto types would benefit and you would of used all your bullets for maintaining uptake.


People over at least a year (or say the first 1m downloads if we are going to be positive!) need to have plenty of motivation to join. What you don't want is the majority of the coins going in the first month or two to guys on here hording. I think you should have some control over the airdrops and use drops as great adverts for Qora as people wait for the next one. Like I said you don't want to annoy people who know early guys got too much benefit.

Thank you for the feedback!