Too bad the creator is a fraud artist who pulled a bait and switch on his investors and stole a free service (telegram) and is charging money for it. Viral? It has practically no downloads and it's been out since 2014.
The app is in early development and almost 5000 downloads, it's between 1000 - 5000 right now. Building on Telegram has only been positive. The key is innovating on top of it, just like innovating on top of Bitcoin.
1000 - 5000 =/= 5000.
This is the first major mobile app out (hint: they got it out so early by ripping off a free thing called Telegram and charging you money for it) and nobody wants it. Generally when you're the first at something and have no competition - it should be easy sailing and yet Gems isn't going anywhere. Why? Nobody wants to pay money (Gems costs money) for a copy of a free service (Telegram does not cost money).
Gems will be nothing when mobile apps, with independent code (not a fork of telegram), come out and they are free to use.
In the meantime there's an opportunity for anyone here to fork telegram, not charge money for it (unlike Peled who likes his fraudulent IPOs - that is what he did, he pulled a bait and switch on his investors), and send Gems into the dustbin.
Your main point against Getgems is it's a bait and switch. Well its a fair argument to a point. Gems was supposed to be an in house developed app with a counterparty riveted wallet. But the innovation in the app was never that it was a messenger and obviously counterparty is not developed by Getgems. So the point while technically correct hides the facts, here's a few.
-The app was already set for release, we had demos on youtube. my point is they already put the work in. It's was more about send coin using Telgram that spurred a getgems to use its platform to increase the viral nature of Telgram, basically nab their users.
-Any messenger app today is not innovative, clearly ithey are invariably just a reworked model of other messenger apps. So I house or Telegram open source it's kind of the same.
-it's actually been it seems a real headache using Telgram, relying on a third party I. Terms of compatibility etc isn't going to make anyone work easier. My point is it wasn't the lazy option, the only extra benefit I can see is gaining already onboard Telgram users.
-The gems team have built so much on top of the Telegram clone that they deserve credit where credits due. the earl innovation is stuff that has nothing to do with messenger and the wallet, it's the attention model, airdrop, advertising platform, these are the innovations and I'm bettering it ain't easy to do.
-If it was shit easy to do then you would already see a bunch of competitors, so far nothing on the horizon...
-This is not like cloning a coin, this takes some serious coding, comparing it to your world of shitcoins is kind of silly.
And lastly, Getgems was voted and won a global competition for most innovative banking technology from Citi Bank. Sorry but they aren't going to be giving awards at that level out for a piece of crap are they?
In the last few hours Getgems has gone up 5% and NEM has gone down about 5%. If you were trying to attack Gems you might want to try another strategy.
