There is a pervasive fantasy that raw app downloads will lift the price of gemz.
Well, 80k downloads hasn't changed the sub-ICO value of Gemz. And a million users won’t do it either, because there isn’t a mechanism that ties app downloads to the coin’s market value.
Later this year, when the millionth user joins our network, their share of the daily airdrop will likely only be a tiny fraction of a penny, regardless of how many referrals they make, or how often they visit the Ad channel. This can be tested with simple arithmetic.
For airdrops to be actually worth something, the price of gemz has to increase by an order of magnitude. This can only happen thru a vibrant Attention Economy, where advertisers fiercely compete for ad space.
But with the AE nowhere in sight, we will greet our millionth user by gifting them a useless and near-worthless token, that they won’t even be able to sell, because they can’t afford the transfer fee.
Will they stick around for vaporware, assuming they’ve even heard of the AE?
Having a few million downloads is nothing special for an app these days. Especially for a free app built with $800k of funding, that's actually just a modified piece of existing software that connects to someone else's social network.
Two months ago, Daniel quietly cashed in 50% of the ICO funds, and now he’s formed a new company that is hiring workers.
We got tricked into funding the banksters. By the time we've hit our millionth download, they'll be little debate on this fact.
Did not bother to read another shitty argument but just so you know at the time Gems was in the ICO state btc was around 230$ US , It is now around 430 $ US so nop, ICO,investors have the same value at this point if not more.
So if you would sell now you could cashout your money which is worth what it used to worth at the time of the ICO. Done deal, problem solved ... dump your coins and gtfo lol