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davidareallen

The Role of BlockAccess in the GEMS project.

  1. Assist the Project Owner, Daniel Peled, with decision making. (Primarily David and Tuomas)

  2. LISTEN to all players - Continue to Create Marketing Plan and Implement.

  3. Work in the background - Avoid attention to BlockAccess - Focus on GEMS.

  4. Create Articles, confirm content with GEMS and supply to news outlet sources - Crypto, Tech and Finance.

Article Listing - most recent to first

CoinTelegraph http://cointelegraph.com/news/112800/gems-to-decentralize-social-network-messaging-and-reward-users

Bitcoin Magazine http://bitcoinmagazine.com/17623/social-media-gems/

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  • davidareallen

    It is the 8th of January and Block Access has received 354,154 GEMZ for the work done between September 10th and January 6th. We are also expected to receive 10.42 BTC when the account is settled between Gems and Koinify through Adam K.'s auditing at Counterparty.

    The questions comes up as to how we will divide our income from this project.

    Obviously we will not initially be able to go beyond the 4 of us, but I want to open the discussion.

    What percentage should stay as assets for BlockAccess?

    What you each of you want and expect?

    From my perspective I would like to have the larger piece of the pie, for what I think are obvious reasons, but I want to make sure everyone has input to this fist project, so we can start designing a truly decentralized communication organization.

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  • cherapple

    Daniel has already paid me separately for the editing work I did for Gems, and CoinTelegraph has paid me for the articles I've written, so I don't expect anything more than a small amount of BTC, if anything. I would like some GEMZ, which I will use to continue to promote the network.

    Dave, what do you think is a good amount to hold in assets to put toward working on future projects?

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  • dmnyc

    As I'm committed to the long term success of BlockAccess and its projects, I'm not expecting a large payout for the support I've provided to date on Gems, but if it's possible to put my ongoing app testing, user experience feedback and other contributions in this phase toward my compensation, that would be ideal. As it's not possible to gauge the success of GEMZ as a token yet, I'd prefer to receive BTC, as I now have enough gems for testing purposes.

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  • davidareallen

    @cherapple Daniel has already paid me separately for the editing work I did for Gems, and CoinTelegraph has paid me for the articles I've written, so I don't expect anything more than a small amount of BTC, if anything. I would like some GEMZ, which I will use to continue to promote the network.

    Dave, what do you think is a good amount to hold in assets to put toward working on future projects?

    Thanks Cheryl. I will send you some more GEMZ from my personal account. Daniel P gave me 10K as a bonus (accident) and told me to keep them so I will continue to share amount our group so you can do what you want with them.

    Post your GEMZ Counterparty address on this thread so we have record of where to send stuff.

    In answer to your question, I am mixed on how many to keep in reserves.

    My gut tells me to hold on to as many as we can so we can use them in advertising campaigns, but my practical side says sell them all immediately once they go on the market on Saturday and get what we can in case they drop in value. (little guy with horns on one shoulder, little guy with Halo on the other)

    Let's figure out how we will divide them up first as our percentages, and then calculate how many to keep in reserve, that way we still have

    Here is an estimate of the value of the earnings using Tuomas' suggested split.. Love to get some more comments on the structure of the payout.

    354,154 GEMZ = approx 10,000 per BTC = 35.4154

    plus 10.42 BTC = 45.8354 total

    Using current prices of $291.00 USD per BTC
    % BTC USD

    40% = 18.33 5,334.03

    30% = 13.75062 4,001.43

    10% = 4.58354 1,333.81

    10% = 4.58354 1,333.81

    10% = 4.58354 1,333.81

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  • davidareallen

    As this is a frank and open discussion, I think the 10% is too high in relation to the hours put in...

    edit: time and contribution is really what I meant.

    I suggest reducing that to 6% for Daniel and Cheryl and giving me an additional 8%

    48 30 6 6 10

    For discussion only.

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  • davidareallen

    Hey guys.

    After a brief chat with Tuomas I am going to backtrack on my last post and agree with Tuomas' percentage structure for this aspect of the Gems project.

    Dave: 40% Tuomas: 30% Cheryl: 10% Daniel: 10% B|A Assets: 10%

    My reasoning is that without both of your participation we might not have been able to push Gems forward the way we did. I am preparing transcripts of my conversations during the 4 month period, for reference.

    What we learned from this exercise will help us a great deal going forward. Of course

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  • dmnyc

    Thanks, Dave & Tuomas. It's more than generous, and it will build a great foundation for our future success.

    dM

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  • cherapple

    I think those figures look good, too. Thank you for inviting me to be play a part.

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  • davidareallen

    I think we can all thank Tuomas for being such a blockhead. I know I could not have done any of my part without his constant input.

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  • davidareallen

    UPDATE:

    Distrution of GEMZ to Daniel, Cheryl and Tuomas is complete.

    I have decided to take my allotment out in stages and will withdraw 25% on the 15th of each month, starting today.

    We are thanking Daniel Peled for having BlockAccess work with him and the teams from Koinify and Magma, and asking to use him as a reference for future projects.

    Then we will wait to see if he has any further interest in using us for business related work. He has said we will have updates provided, and I will continue to monitor the skype and telegram channels.

    With Nick of LTB I have created a gateway for people to purchase GEMZ directly with BTC, and will post details when I have loaded it with GEMZ.

    David.

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