Ethereum / Synereo Cooperation

[kennyP]

Hopefully he will stay banned for a while. 

I wouldn't count on it. The guy's already ran through several usernames. His first was AnonyMint.

Anonymint/TPTB makes a valuable contribution on many topics. He's an original thinker, and obviously very intelligent. That doesn't mean he doesn't irrate some people too, but that's irrevelevant as far as the issues he talks about is concerned. Ignore him at your peril

[st0at]

Hopefully he will stay banned for a while.

I wouldn't count on it. The guy's already ran through several usernames. His first was AnonyMint.

Anonymint/TPTB makes a valuable contribution on many topics. He's an original thinker, and obviously very intelligent. That doesn't mean he doesn't irrate some people too, but that's irrevelevant as far as the issues he talks about is concerned. Ignore him at your peril

How is incomprehensible mumbo jumbo, accusing every coin of being broken, and insulting everyone thus valuable to the community.

He is wrong on every issue he rants about. Perhaps he is a professional short masquerading as mad scientist, but his acting is not convincing anyone that he actually knows anything. And he has only produced vaporware by his own admission.

It appears to me he deliberately tried to be permanently banned. He deliberately pushed harder after being banned by signing up sock puppets. Me thinks he wanted someone to remove his addictive trolling because he couldn't control it himself.

[kennyP]

Hopefully he will stay banned for a while.

I wouldn't count on it. The guy's already ran through several usernames. His first was AnonyMint.

Anonymint/TPTB makes a valuable contribution on many topics. He's an original thinker, and obviously very intelligent. That doesn't mean he doesn't irrate some people too, but that's irrevelevant as far as the issues he talks about is concerned. Ignore him at your peril

How is incomprehensible mumbo jumbo, accusing every coin of being broken, and insulting everyone thus valuable to the community.

He is wrong on every issue he rants about. Perhaps he is a professional short masquerading as mad scientist, but his acting is not convincing anyone that he actually knows anything. And he has only produced vaporware by his own admission.

It appears to me he deliberately tried to be permanently banned. He deliberately pushed harder after being banned by signing up sock puppets. Me thinks he wanted someone to remove his addictive trolling because he couldn't control it himself.

Each to his own I guess, IMO TPTB has a back catalog of alt discussion topics that rivals Led Zeppelin for intensity, content density, & sheer intellectual 'firepower'.



If he's gone, then I'm gonna miss him!

[Nxtblg]

Hopefully he will stay banned for a while. 

I wouldn't count on it. The guy's already ran through several usernames. His first was AnonyMint.

Anonymint/TPTB makes a valuable contribution on many topics. He's an original thinker, and obviously very intelligent. That doesn't mean he doesn't irrate some people too, but that's irrevelevant as far as the issues he talks about is concerned. Ignore him at your peril

I didn't mean to knock him; I was just pointing to his persistence.

[DecentralizeEconomics]

It is common knowledge that Greg, Synereo's CSO, is leading the design of Casper, Ethereum's new proposed Proof of Stake blockchain: https://blog.ethereum.org/2015/12/28/understanding-serenity-part-2-casper/
He has spoken about the design principles of the technology underlying this effort, what would allow it to scale, in the recent Ethereum developer conference: https://www.youtube.com/watch?v=uzahKc_ukfM

Synereo is NOT building their technology on Ethereum. Rather, it is Ethereum who are using Greg's decades of expertise in the field, and Synereo technology, to build their own.

Ethereum has provided Synereo with developer grants for this purpose. Hopefully, collaboration will continue in other ways as well.
We also believe that our notion of a "smart contract", which we call a social contract, is more advanced, mature and scalable than anyone else's. People in the industry are starting to get a sense of this as well, including our friends at Ethereum. http://blog.synereo.com/2015/03/06/social-contracts-pt-ii/

A comprehensive post going into detail about all of these subjects are in the works.

Feel free to ask any other question about this here or on our slack channel at slack.synereo.com.

It seems like the market is misaligned when Synereo is trading at such a discount to Ethereum, but Synereo has at least equal or greater brainpower behind it.

[Macno]

Back to the main topic:


https://www.reddit.com/r/ethtrader/comments/49g792/synereoethereum_partnership_leads_to_big_fucking/

[DecentralizeEconomics]

Back to the main topic:


https://www.reddit.com/r/ethtrader/comments/49g792/synereoethereum_partnership_leads_to_big_fucking/

It's easy to see that Synereo is going to be very successful with their decentralized, blockchain-oriented social network.

[TPTB_need_war]

Back to the main topic:


https://www.reddit.com/r/ethtrader/comments/49g792/synereoethereum_partnership_leads_to_big_fucking/

It's easy to see that Synereo is going to be very successful with their decentralized, blockchain-oriented social network.

Refuted:

Incorrect. He has explained they are good at hand waving, but they still haven't solved the impossibility of being able to shard the gas. I explained it more in the Bitcointalk thread:

https://bitcointalk.org/index.php?topic=1361602.msg14134197#msg14134197

3.   the largest social networking company is Synereo

Get another fucking clue about this shitcoin scam that presold AMPs before shipping a technobabble hyped project which has an economically and technically flawed design:

https://bitcointalk.org/index.php?topic=1361721.msg13868758#msg13868758
https://bitcointalk.org/index.php?topic=1344997.msg13713923#msg13713923
https://bitcointalk.org/index.php?topic=1344997.msg13739210#msg13739210

[DecentralizeEconomics]

Back to the main topic:


https://www.reddit.com/r/ethtrader/comments/49g792/synereoethereum_partnership_leads_to_big_fucking/

It's easy to see that Synereo is going to be very successful with their decentralized, blockchain-oriented social network.

Refuted:

Incorrect. He has explained they are good at hand waving, but they still haven't solved the impossibility of being able to shard the gas. I explained it more in the Bitcointalk thread:

https://bitcointalk.org/index.php?topic=1361602.msg14134197#msg14134197

3.   the largest social networking company is Synereo

Get another fucking clue about this shitcoin scam that presold AMPs before shipping a technobabble hyped project which has an economically and technically flawed design:

https://bitcointalk.org/index.php?topic=1361721.msg13868758#msg13868758
https://bitcointalk.org/index.php?topic=1344997.msg13713923#msg13713923
https://bitcointalk.org/index.php?topic=1344997.msg13739210#msg13739210

TPTB_need_war, I respect your opinion on the matter, but I don't think you are one-hundred percent correct on your assessment.  You have a very black and white decision making process in which you frame everything.  It either has to be flawlessly perfect or it is a "scam" in your mind.  I'm familiar with this type of thinking as it is prevalent in people who are smart and they attempt to force ideas into their personal construct.  Synereo might not be one-hundred percent decentralized in your mind, but that doesn't mean that it's a "shitcoin scam".  Even if it is ten percent better than Facebook, Twitter, and the other social media companies, I'll take it.  Anything which is attempting to take the power away from the social media monopolists and place it back in the hands of the people is a good thing in my book.  If the Casper PoS blockchain is fundamentally flawed as you think it is, then I'm sure Greg and the Synereo team will find an alternative blockchain solution for AMPs.  Only "attention economy" (and maybe reputation) rely on the Casper PoS algo.  All the decentralized storage for the network is handled by SpecialK.

[Elokane]

The Attention Economy and network dynamics in general rely solely on Synereo's existing tech stack.

[TPTB_need_war]

Pre-selling the AMPs before having a viable design and viable product ready for Synereo is already a sign of a scam.

Then I have explained (read the linked threads from my prior post) that the attention model doesn't work economically when AMPs are incorporated. If anything remains of value, it is the Reo without the AMPS.

Thus the AMPs are a not a viable investment, except for a P&D.

Yeah the Reo might work. And indeed a decentralized social network may have market importance. But there is no viable investment here, because the AMPs are an incorrectly conceived component.

Any way there are others already releasing decentralized open source social networks, such as Diaspora is I think now in Beta. Synereo's Reo could potentially offer some advantage, but that still won't make the AMPs viable.

Perhaps Synereo will repurpose the AMPs in another use case other than the attention model. Any way, my point is the AMPs are for sale but Synereo is far from figuring out what they should be designing and implementing. They are too far off on hairbrained failure directed shit like Casper. And the competitors are moving forward rapidly.

Also AMPs are very likely illegal unregistered investment securities per the Howey test. So the future looks bleak for Synereo.

What I see is they are good at making regular video hangouts, but really not well focused as a software development company. Too much time wasted talking and attempting pie-in-the-sky designs that are still not threshed out and in some respects are insoluble until they change focus and direction.

I studied them carefully trying to think if I could gain more by partnering with them and trying to refocus them, and I decided I could do much better without their existing team. Greg Meredith is smart and a math whiz. But Steve Jobs wasn't a math whiz, yet you can see which of the two accomplished more in software. My point is I see the wrong company culture. I been around in Silicon valley and such, so I think I am a good at making these appraisals.

Again I respect their intellect, but not their focus. And the pre-selling of AMPs (even if they could work in the attention model, which they can't) is despicable IMO (and probably illegal as well).

[fartbags]

One of the Founders of Synereo developed an amazing technology. Ethereum 2.0 is going to use it.

[BitDreams]

One of the Founders of Synereo developed an amazing technology. Ethereum 2.0 is going to use it.

Here's a recap:

https://youtu.be/0h4Yd61_Rio?t=1h10m55s

[fartbags]

One of the Founders of Synereo developed an amazing technology. Ethereum 2.0 is going to use it.

Here's a recap:

https://youtu.be/0h4Yd61_Rio?t=1h10m55s

The last I heard, $AMP will be a token on Ethereum 2.0. This is probably what people are trying to find out. This isn't for sure yet.

[Elokane]

One of the Founders of Synereo developed an amazing technology. Ethereum 2.0 is going to use it.

Here's a recap:

https://youtu.be/0h4Yd61_Rio?t=1h10m55s

The last I heard, $AMP will be a token on Ethereum 2.0.

That is false.

[TPTB_need_war]

I was thinking synereo was possibly meant

Same answer though. I don't even really know what that is, beyond some vague thing about social media. No idea how it was launched, what it does, etc. Never looked at it.

A competing social network for maskcoin or jambox or w/e hes calling it now. Hes trying to imply that you and Shelby intentionally gang on together on things maybe?

I dont know, but it seems like you broke the fella so i guess we probably wont know

I've read most of the 50+ page Synereo white paper, expended several hours viewing some of their YouTube Hangouts, done some limited discussion with their founding developer (username here Elokane), and posted in every recent Synereo thread in Altcoin Discussion.

Synereo was launched as a vaporware ICO and the math whiz on the project is Greg Meredith who is into process calculus research and was one of key persons apparently on Microsoft's BizTalk design. Greg is into using Scala and also is collaborating on the math modeling of Ethereum's upcoming, promised Casper design (which btw several of us, excluding smooth, have criticized in the Ethereum Paradox thread for its fundamental insoluble flaws).

I have pointed out that there are numerous P2P (aka distributed) social networking projects, so the idea of Synereo being the first and able to sweep the world, is very slim, especially they have no compelling features afaics. Thus I have criticized them for preselling tokens ("AMPS") with no adoption and on hype. Their major claim as an innovative feature is an "Attention Model" which is composed of reputation ("Reo") and a counter-vailing force of being able to pay to override reputation with the AMPS tokens. In other words, they aim to make the content that the users share more relevant. I had pointed out that the Reo needs to be fine-grained on for example #hashtags, and Elokane indicated that although that is not in the white paper they are implementing something like that, yet there is no holistic public specification afaik. They are claiming to be very close to beta, but I've pointed out that doesn't mean they are any where near adoption. I have also pointed out that Facebook users don't seem to have major complaints about the relevance of shared content on feeds, thus I doubt anyone will adopt Synereo (because their friends won't be there and much less content sharing and other chicken and egg dilemmas).

Also I have pointed out that the economics of advertising is the most someone could expect to earn by being paid to share (the AMPs model) is perhaps about $1 (in developing world) to $10 (first-world) per day and probably not that much. It simply isn't worth anyone's time. People don't join social networks to be paid some palty income. They join for other more important reasons. Thus I've argued the economic model for the AMPS is fundamentally flawed.

Thus I have argued they are preselling shit which no market.

Also I don't really understand the process calculus well enough to know if it is technobabble bullshit or not, but it sure looks like it to me. It looks like ivory tower shit that has no real implications in the real world. What did BizTalk do that was relevant? I did a Google search and it seems basically no one used it? Excuse me for being skeptical but the selling of ICOs is becoming too lucrative and attractive for every Joe who has some technobabble to make n00bs drool.

Smooth is not involved in my JAMBOX project at all. I occasionally trade ideas with him about technology. My JAMBOX project will when it is crowdsourced (not for tokens just for Tshirts!) will explain that it targets compelling features and economics. I have not yet announced that, because for one thing is that at the moment I am working on potentially creating a new programming language based on top of Rust, or perhaps contributing to Rust. Because JAMBOX is based on the concept of empowering mobile apps, and so I need to be sure the language we are using is the best in severals ways one of which is JIT compilation.

I don't hate Synereo's people. I just wish they hadn't done a vaporware ICO, both for the legal reasons of selling unregistered investment securities to non-accredited USA investors apparently in violation of securities law as provided for by the Supreme Court's Howey test and simply because it is the antithesis of the objective ethics (i.e. no zero-sum games) of meritocratic software development to sell vaporware.