i got this link from a reddit post: https://docs.google.com/spreadsheets/d/1r1G-ROS4vgHK84qfn1CBIxuXZQCCvIicCTQSxW1T_mo/edit#gid=1156984041if its true, it shows there exists 1.68bn AMP which at the current price of 0,165 usd makes it a 277,000,000 market cap. We all know what it means...its unsustainable, especially that the most of the coins are not on the market yet. when all coins are well distributed, it can go up because everybody buys and sells the same hot potato, but here we have a huge supply which needs fresh USD to be absorbed as one side is a clear seller who wants USD.... So i don't want to discuss how good the Synereo tech is, maybe its fantastic, but with such a market structure, the expected long returns of this stuff are very bad. Of course, the float is very small and can be manipulated very easily. I'm not saying AMP can't do x3 or x5 in the short term. But its unsustainable. And if this information becomes more widespread, it will drift lower. My main scenario is that at some stage, we will see AMP go -50% or -75% without any reason and only 1 month later, there would be some announcement, that SYN foundation put x00,000,000 of tokens on the market. Of course, the SYNEREO team will make like bandits (like STEEM), will have little incentive to develop their product as there will be too many investors burnt and a lack of faith, so they will just retire in the Bahamas, or prepare the next scammy coin... TLDR: enjoy AMP while its good, but sooner or later its gonna be in D phase of PnD. AMP is the new STEEM How's it going Stan? |
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And Stan, Dan and their Chinese Communist buddies will be living happily ever after, because they will have gotten away with it again. And don't worry, if there are any legal implications, Ned will take the fall for them. Once they cease hosting their centralized Steemit website, they'll inform everyone that the great experiment has failed from their yacht phones while sailing for international waters. THE END I'll do the disclaimer for you: DecentralizedEconomics is an active member of the Synereo community, a direct competitor of Steem. Nice try. Synereo has no "competitor". |
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FUDders aren't having much effect on the AMP price.
You can't stamp the AMP!
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Facebook is currently worth about $400-$450 billion, which is like 30-35 times the entire crypto market. I believe that if FB accept something as a threat, they'll just buy it or ruin it. Keep in mind that not only Zuckerberg is behind Facebook.  Same applies for google. Some of us remember the rise and fall of AOL. Zuckerberg will remember this well because he is the one that "Myspaced" the competition. In my opinion he is not to be underestimated because he might already be doing his research about cryptocurrencies. It was the Winklevoss twins that gave him the idea to create facebook and with them having interest and speculating in bitcoin, there is the possibility he knows what it is all about and how it will affect the whole world. Inb4, Zuckerberg buys all the AMPs, thus driving the price to over $1000 USD. |
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Trump is dipping below 8k.
We need some high energy news or buy support imo.
Yes, I agree with you. Trump can drop to 3 cents again. It will be good price to buy more  No energy, no news which can boost the price. Maybe dev team want to buy buy more cheap coins as me?  emm, I guess today is one of the lowest trading volumes in TrumpCoin history quite sad fact actually. Long time no news from Signal. Dev team do you need some help from community? TRUMP is a sleeping giant. If you wake him, be prepared to face the consequences. |
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At some point, everyone was talking about it, I've even seen people in the introduction section writing how they quit their full-time jobs, etc... just to stay with Steem and now, It's pretty much gone with ~100m $ market cap while It was almost 300m $
Steem was a ponzi scheme from the beginning. I can not believe some people really quit their jobs just for that.I guess that had been obvious pumpers writing bs. Steem will bleed out and the only ones whp profited will be the early owners and devs. The less this coin will be worth the less people will post on tsteemit because they hardly earn any money from it. In a few months this whole project will be forgotten.And Stan, Dan and their Chinese Communist buddies will be living happily ever after, because they will have gotten away with it again. And don't worry, if there are any legal implications, Ned will take the fall for them. Once they cease hosting their centralized Steemit website, they'll inform everyone that the great experiment has failed from their yacht phones while sailing for international waters. THE END |
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I've even seen people in the introduction section writing how they quit their full-time jobs, etc...
That sounds more like part of Steem's marketing plan than actual real life people writing about it. And that worked of course: seeing someone earn $30k from writing an unimportant story on some unimportant website makes people think they can do it too. The problem there is only a few can earn a lot, the rest is just wasting their time. I've has a look at it, pretending to be a great social network, while in reality it's a website designed to make the creators rich, and they decide exactly what you get to see. And when it fails, the next thing will pop up. "Social media" and "smart contracts" are the new altcoins, only meant to make the creators rich. Nothing wrong with getting rich out of it BTW, but it is important to realize when you use it. And it is especially important to realize when you decide to spend money on it. It's different with Synereo. With Synereo, you get to choose exactly what you see. Nobody decides what you can or cannot see. There is no centralization. Your attention gets rewarded via AMPs on amplified content. Everyone will earn money fairly in proportion to their attention and actions. Synereo is social media and social contracts done right. |
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. Also AMP has a large premine like 90%, afaik
I don't think there was any mining at all. It's Proof Of Stake. Like NXT , NEM etc all coins exist from the genesis and are distributed by the devs through ICOs or given away through bounties or allocated for specific needs. I think by the time it launches AMP should have better distribution than STEEM did (80% of steem was in the hands of few ppl), although best to keep an eye on how the AMP distribution continues. I think they have a spreadsheet somewhere which they update but should be on their website for anyone to see. I think it's ok for devs to have a sizeable chunk of the coins (for development funds & vested interest), but everything needs to be transparent. Synereo is actually an OMNI bitcoin token. No mining at all yet. The blockchain isn't set to coming out for another year. This is the same strategy that I'm taking with my popular App that's turning into an AppCoin. If it is not released for another whole year then it would be safer to stay away. We still do not know where the developers really doing with the platform. First it was a decentralized social media and then it is now also a platform for smart contracts and they are now organizing another ICO this September? For me to invest for the longterm with them they must be trustworthy and it would help if the known honest people in this forum would comment about them and what they think of them. It is very hard to find out the truth in this forum because people make lies and talk bad about the coins they do not hold. You obviously haven't listened to the weekly hangout sessions. Synereo is a technology stack which is capable of hosting a social media network along with plethora of other applications and dApps which are all interconnected via the underlying architecture and AMP blockchain. The future crowdsales were planned in advance of the first crowdsale back in April 2015. So far the devs have delivered on their promises. If you don't believe me, go listen to their hangout sessions on YouTube or join them on slack. They are 100% transparent about everything they do. |
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At some point, everyone was talking about it, I've even seen people in the introduction section writing how they quit their full-time jobs, etc... just to stay with Steem and now, It's pretty much gone with ~100m $ market cap while It was almost 300m $
Those are clearly hype and attempts for those users to get their post upvoted. Their plan all along is to get as much Steem as possible and then cash out as soon as possible. That is what is happening right now and it will go on until the price of Steem is very low and also until the hype is gone. I pity the people who believed in it and are holding Steem Power right now. They are stuck for 2 years while watching Steem falling down really fast. I must be torture. Watch the video of Tai Zen on Youtube, he is clearly very concerned about the situation but still does not believe and accept that the model Steem is following might be flawed.  |
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You guys mean amp has 2nd round of ico already?? Shouldn't be latter??
It starts in September. |
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No idea but the dilution is ridiculous. At current prices and after diluting the market with the rest of the coins you hold it would be some 500,000 BTC/$280M+ market cap. Obviously should the market appreciate more in price before significant dilution occurs which doesn't seem implausible given that it is at $11M market cap then that market cap quickly becomes even more ridiculous. I don't like this humongous premine you've given yourself as it makes price discovery impossible and it is not prudent for Polo to list this given the small float available to investors to trade. I also see that you're selling AMPs OTC here https://blog.synereo.com/purchase-amps/ which tells me this won't be a 'Steem' appreciation like some think since dilution is already occurring and it also tells me there is a number of deals not public. When it comes appcoins I prefer a ICO which sells out at least a majority of the supply from the get go but obviously I prefer much more than that to be distributed. And then raise additional capital from company shares which is the only sustainable way to do it long-term. I like the idea and I spent the evening reading up but the coming dilution is too much for me to swallow so I am not investing anything into AMPs. You're forgetting that the mass majority of these coins are locked up by the devs, and it is my understanding that they won't be released for years and years. Who knows how long it will take for the entire sum to be distributed, but my guess is it will be a very long time. Right now, only ~62.5M out of 1680.4M have been released. 200M of these are the founders coins, and they are locked up in a mutual agreement, which prevents selling unless they all agree. 200M are allocated for new signups, and they will be meted out slowly. No single individual is going to get a lump sum they can dump from a new signup, and I'm guessing that the signup campaign will last for years. Same with the 150M allocated to content creators. Same with the 230M allocated to bounties. So what you really have here, when you take out those wallets, is another 850.4M AMPs which are allocated to an undisclosed number of future crowdsales. To my knowledge there will be at least two more, the one in September and another in the future, but there could be more. During the last crowdsale, 319.6M AMPs were destroyed, because they were unsold. My guess is there will be more AMPs destroyed during the next two crowdsales. So the potential is there for another 850.4M to be distributed via crowdsales, but imo, it's unlikely the full distribution will occur. Here's the breakdown: https://docs.google.com/spreadsheets/d/1r1G-ROS4vgHK84qfn1CBIxuXZQCCvIicCTQSxW1T_mo/edit?pref=2&pli=1#gid=1156984041 |
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Looks like SYNEREO AMP might be a same pyramid scheme like STEEM.....Both have similiar monetization techniques
Post to make money....is like Pay to Win. Also AMP has a large premine like 90%, afaik
What are your thoughts guy?
The big difference is that Synereo is fully decentralized and Steem is centralized. Steem will collapse on its own, but Synereo will be around for years due to its decentralized nature. Ya man, Synereo will limp along for years after poaching 1000 people from the Crypto Ghetto. Nobody cares about "decentralized", "helped Ethereum", "great devs"... Or Ripple like incoherencies like "circles of influence" (or insert correct buzzword from 40 pg Whitepaper here). If there are no seasoned social media marketing people on board = mook skinner. You sound pretty bitter. Upset you didn't buy in during the last crowdsale? |
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. Also AMP has a large premine like 90%, afaik
I don't think there was any mining at all. It's Proof Of Stake. Like NXT , NEM etc all coins exist from the genesis and are distributed by the devs through ICOs or given away through bounties or allocated for specific needs. I think by the time it launches AMP should have better distribution than STEEM did (80% of steem was in the hands of few ppl), although best to keep an eye on how the AMP distribution continues. I think they have a spreadsheet somewhere which they update but should be on their website for anyone to see. I think it's ok for devs to have a sizeable chunk of the coins (for development funds & vested interest), but everything needs to be transparent. Synereo is actually an OMNI bitcoin token. No mining at all yet. The blockchain isn't set to coming out for another year. This is the same strategy that I'm taking with my popular App that's turning into an AppCoin. In a relatively short time, a week or two, Synereo will go live in its alpha release. When this happens, anyone can run a Synereo node to support the network and they will earn "test AMPs". These "test AMPs" will be redeemable for real AMPs. |
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As a professional trader for 20 years on NYSE, etc...
I know for a FACT that they fucked up the Steemit internal market as bad as any random pinhead could (down to < $10,000 24 hour volume)...
So in spite of 2 years of working with Bitshares Dan has no clue how to develop liquidity (or it was a straight-up scam to drain rewards)...
BINGO! |
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Yeah, it was a "bug". That's what it was. Lol
Suspiciously, quite a similar situation developed around the launch of Protoshares, another Larimer wonder, where quite a few individuals reported on the forum that their miners kept being disconnected from other peers (aka Larimer nodes) which prevented them from syncing and mining. Gee, I wonder what caused that?
Please give us a prof, I mine ProtoShares from first minute and doesn't remember such a problem (superb - StoreJ founder - found the first block). It's was hardfork after few days because unexpected miners activity and huge hashrate, but I don't remember that many peoples can't mine because connection problems, let's say no more problems than other coins has during launch. PS: I supported ProtoShares client for more than one year so I hope I know all problems of the network https://github.com/bitshares/bitshares-pts/commits/bitshares-ptsI mined PTS from the very beginning also. During the first few days of mining, many people posted on their PTS forum about issues getting disconnected. |
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Actually, STEEM was ninja-mined among widespread disinterest just like BTC...
They were begging people to mine/witness it back in April even after it was clear this was Dan's new baby...
Only a handful of BTS alumni bothered to get involved.
That's not true, and you know it. There were people who were interested and mined Steem in the beginning who lost their money, because Dan and Co completely rolled back the chain, so they could mine a larger percentage of the coin. Nobody is going to mine something when their money can be taken away on a whim, because Dan and Co want a larger percentage of ownership. That's not true, and you know it. Steem was re-launch due a bug in mining algo and all what peoples lost its maximum 1.5 day of mining, do you think everybody who continue to mine after re-launch doesn't make profit which cover these 1.5 days? Original thread: https://bitcointalk.org/index.php?topic=1408726.0Relaunch thread: https://bitcointalk.org/index.php?topic=1410943.0Yeah, it was a "bug". That's what it was. Lol Suspiciously, quite a similar situation developed around the launch of Protoshares, another Larimer wonder, where quite a few individuals reported on the forum that their miners kept being disconnected from other peers (aka Larimer nodes) which prevented them from syncing and mining. Gee, I wonder what caused that? Typical synereo cult follower. I'm sorry you got conned by the Larimers. Just like all their biggest critics, I supported them too, before I caught on to their devious ways. |
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With Steem tokens keep falling some people who have planned to invest in it for the long term are now stuck and getting desperate. I saw a video of Tai Zen trying to convince people and himself that the falling price is ok. Here is the video https://www.youtube.com/watch?v=tgp0_sS8rLwFor me the price will go up in time but the question I have is when will the price stop falling and how long do we have to wait for the price to go back up? It is not worth the agonizing wait if you ask me. The Larimers and their associates are cashing out. There is a reason for this. |
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Actually, STEEM was ninja-mined among widespread disinterest just like BTC...
They were begging people to mine/witness it back in April even after it was clear this was Dan's new baby...
Only a handful of BTS alumni bothered to get involved.
That's not true, and you know it. There were people who were interested and mined Steem in the beginning who lost their money, because Dan and Co completely rolled back the chain, so they could mine a larger percentage of the coin. Nobody is going to mine something when their money can be taken away on a whim, because Dan and Co want a larger percentage of ownership. That's not true, and you know it. Steem was re-launch due a bug in mining algo and all what peoples lost its maximum 1.5 day of mining, do you think everybody who continue to mine after re-launch doesn't make profit which cover these 1.5 days? Original thread: https://bitcointalk.org/index.php?topic=1408726.0Relaunch thread: https://bitcointalk.org/index.php?topic=1410943.0Yeah, it was a "bug". That's what it was. Lol Suspiciously, quite a similar situation developed around the launch of Protoshares, another Larimer wonder, where quite a few individuals reported on the forum that their miners kept being disconnected from other peers (aka Larimer nodes) which prevented them from syncing and mining. Gee, I wonder what caused that? |
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Like I've been pointing out...
There is nothing resembling a Business Plan. What on earth does Ned do anyway?
Don't you get it yet? ... Ned's the "fall guy". |
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