[AMP] Synereo Speculation

[profitgenerator212]

I have created this thread for discussion/speculation about AMP/Synereo to keep the original ANN thread troll free or cleaner. A lot of trolls and FUDsters have invaded us and that is very annoying, so I have to make this self-moderated. But I will only delete troll/fud posts (like fresh newbie account with 1 activity spreading FUD), but legitimate criticism is welcome.

Synereo is the future of social media, a decentralized social media with very advanced smart contract capabilities. The currency which fuels it is called AMP. It has 5 years of development behind it and a decentralized storage mechanism has matured into a full fledged social media with lots and lots of features.  It is currently in alpha phase, and you can read more about it in the announcement thread, this thread is for discussion/speculation.

Bitcointalk Announcement Thread

Blog (for News)

Main Website

Exchanges where you can trade AMP:

Poloniex: https://poloniex.com/exchange#btc_amp
Bittrex: https://www.bittrex.com/Market/Index?MarketName=BTC-AMP
Changelly: https://changelly.com


Wallets & Block Explorers:

AMP is actually a smart contract on the OMNI network, which is built on the Bitcoin network, which means that AMP is stored on Bitcoin addresses, via a special smart contract. Which means that you can store them in a Bitcoin cold storage address, safely offline, and then use the Omni Wallet to move the funds when you need it.

Online Wallet & Block Explorer: https://www.omniwallet.org
Advanced Block Explorer: http://omnichest.info
Full Desktop Wallet: http://www.omnilayer.org/download.html#download or Java Wallet

• For cold storage just use a cold storage BTC address to send AMP to, you can check the balance with the explorer, and import the private key of it into Omni Wallet when you are ready to spend, this way the private key is only briefly exposed to risk.

[1715110501]

1715110501

[profitgenerator212]

Here is the speculation for today. The devs have promised a new roadmap that they will announce today, Jan 20. So there is a lot of excitement for today, the price could go up in my opinion.

Dear all,

Today, on December 12th, the majority of Synereo LTD’s shareholders voted in favor of Greg Meredith’s removal from the company’s board, as well as for the cancellation of his consultancy agreement as Chief Scientist of Synereo.

We wish Greg well, and hope to see him succeed as a major contributor to the global decentralization project we’re all part of. 

On the 20th of January, Synereo will reveal its new development plan for a distributed social network, operating according to the principals of the Attention Economy and granting real value to AMPs. Our technical team is crafting a viable roadmap for a usable product, to be staged in a reasonable timeframe within our existing budget.

Synereo’s roadmap will include usable intermediate applications, which will utilize real AMPs and set the bedrock for the network effects necessary for a fully functioning decentralized social network. Additional info will be released as soon as the fine details are ironed out. Sign-up for alpha testing for the first Synereo application will open on the 25th of December, and we encourage all of you to take part so that we can deliver a high-quality product as soon as possible.
   
***

The last few weeks have been emotionally challenging for all of us. In the spirit of moving forward, and in order to allow for a successful incubation of this new trajectory, we have decided to establish a cooling-down period on our communication channels. Greg has temporarily been removed from Synereo’s Slack channel, in order to allow him, as well as ourselves, to digest the recent events and allow the Synereo team to focus on delivering our product. He, and everyone else, is more than invited to rejoin us after the Holidays in a refreshed spirit of cooperation and friendship.   

Synereo, despite recent turmoil, is in a good place as a company. We have attracted world class talent and have every intention of delivering on our promise. Several candidates for a new Chief of Technology are already being discussed; we have 3 full stack developers, 1.5 front-end developers, and additional engineers with rich backgrounds in math, economics and physics, rejoining the project.

Onboard with an enthusiastic and highly skilled team, freed from legacy constraints, and with a clear and achievable development plan, Synereo is determined to move forward to achieve the goals of our community and supporters.

We appreciate your attention,

-- The Synereo Team

There is also a possible coin burning event being hinted at in the near future , maybe perhaps today.

We will soon burn all AMPs unsold in the last crowdsale.

You can track the wallet they'll be burned from here:
http://omnichest.info/lookupadd.aspx?address=1LrRgvzGZ3Rztfv9Kd66wv4FnK3HMNBMoy

We'll announce it on Slack and on our blog as soon as it happens.

So today is a very exciting day. I have invested a lot of money in AMP and I believe the price could go to the stars. This could be a Facebook 2.0, and could hit billions of dollars in market cap. The sky is the limit really.

And I plan to become very rich from this investment

[SolarStorm]

So today is a very exciting day. I have invested a lot of money in AMP and I believe the price could go to the stars. This could be a Facebook 2.0, and could hit billions of dollars in market cap. The sky is the limit really.

And I plan to become very rich from this investment

I tend to agree. Many people seem to have forgotten what AMP actually is and they got lost in the recent management crisis. If Synereo starts to go forward now with development, this is a world-changing project. Just remember what the thread was like a few months ago. we will go back to that frame of mind soon.

[chikator]

test time

[Boobies00]

This one was a big disappointment to many people. I hope these guys are serious with their new roadmap. Please link it here when its released.

[disconnectme]

Synereo has taken investors for granted, I personally will not take the project serious again, I don't know why pressure was not put on the team to refund the ICO fund to investors. What happened is a serious breach of trust but the team have no to hold on to the fund.

[profitgenerator212]

1) Revamped Website (very gorgeous design)

http://www.synereo.com

2) Here is the announcement (it's very exciting  )

https://blog.synereo.com/2017/01/20/a-new-beginning-synereos-roadmap-and-mission-statement/


3) 21505579.7740605 AMP have been burned 3 days ago, but people dont seem to have noticed it so I raise awareness to it again!

https://bitcointalk.org/index.php?topic=995987.msg17562465#msg17562465



WARNING DON'T TAKE INVESTMENT ADVICE FROM NEWBIE ACCOUNTS, THEY ARE MOST LIKELY CREATED BY THE SAME TROLL PERSON, TO SPREAD FUD. DON'T LET YOURSELF BE MANIPULATED BY TROLLS! DO YOUR OWN DUE DILIGENCE WHEN INVESTING!

[profitgenerator212]

Synereo has taken investors for granted, I personally will not take the project serious again, I don't know why pressure was not put on the team to refund the ICO fund to investors. What happened is a serious breach of trust but the team have no to hold on to the fund.

Of course, it's granted, in Bitcoin it's so easy to invest and you dont need any paperwork hassle, so investors will come when you have a good idea that can create an innovation in the world. That is how frictionless crowdfunding should work.

Why refund now when the project is just starting to get off the ground. Seriously, investors should have some patience, I believe in the next months we will see great things happen, both with the project and with the price. What kind of investors are these who don't have patience? It's like a bunch of 5 year olds are investing here, in the future of social media....

Look at ETH what kind of disaster was that, with their DAO crap. Don't you believe that Synereo deserves the funds it has, in order to build the real smart contract innovation. They need to take their time and effort in order to ensure that this is done right. We don't want failures.

I am reading between the lines and thinking that they just very recently hired new people and new work hasn't started yet.

Aside from Greg, no one from the old team has left in the past few months, and we've since hired 2 new developers, another IT guy, and will likely close with another dev in the coming week.
Work has not stopped for a second.

Have you seen any project in the space delivering on the promised timeline? There's too much uncertainty, and too many immature, moving pieces to provide an accurate estimation based on.

We're simply going to deliver working products when they are ready.

So I believe they deserve all the funds they can get, and I believe we will get an amazing ROI on it, in the future, so all patience will be rewarded in my opinion

[ooom]

The scam part was so big with this project. The flood of FUD is not a miracle.

I hold amp and sometimes write not a mainstream believe based on imagination and positive thinking. But one is imagination that everything is flowers  other is reality and now, at this moment. In every FUD there is some truth.

Sometimes we put everything in one basket. Fud is speculation in it self and everything is fud. People talk just positive and optimistic, someone talk negative and pessimistic other naturalistic but it is all speculative fud.

[donnatello]

Scam? Quit spreading FUD.

[profitgenerator212]

Here is another forecast of the price. This time I used a larger resolution of 30 minute data, with larger lag order to get a more accurate picture of how the price will behave.

https://bitcointalk.org/index.php?topic=995987.msg17545714#msg17545714

And also the new price data overrides the old prediction, since with new data we get a totally different forecast. The old forecast predicted a radical price rising back to the 0.003 levels ,which unfortunately didn't happen, but this new forecast is not just more accurate from the previous model's forecast, but also has new fresh data for it, at a higher resolution.

I used OLS model this time since the Auto-Regression model is too hard to calculate for large lags, but the error difference is only about 2-3% at maximum, so it's still a quality forecast, with much faster calculation rate.




The start timestamp is: 1485045000 (unix)

So just add 30 minutes to it to get the date:


Timestamp                prediction      std. error        95% interval

1485045000               0.000057     0.000056
     14104                  0.000058     0.000003     0.000051 - 0.000064
     14105                  0.000058     0.000004     0.000050 - 0.000066
     14106                  0.000056     0.000005     0.000047 - 0.000066
     14107                  0.000057     0.000005     0.000046 - 0.000067
     14108                  0.000056     0.000006     0.000045 - 0.000067
     14109                  0.000056     0.000006     0.000043 - 0.000068
     14110                  0.000057     0.000007     0.000044 - 0.000070
     14111                  0.000057     0.000007     0.000043 - 0.000070
     14112                  0.000056     0.000007     0.000042 - 0.000070
     14113                  0.000056     0.000008     0.000041 - 0.000070
     14114                  0.000057     0.000008     0.000041 - 0.000072
     14115                  0.000055     0.000008     0.000040 - 0.000071
     14116                  0.000055     0.000008     0.000038 - 0.000071
     14117                  0.000057     0.000009     0.000040 - 0.000074
     14118                  0.000057     0.000009     0.000039 - 0.000074
     14119                  0.000055     0.000009     0.000037 - 0.000073
     14120                  0.000054     0.000009     0.000036 - 0.000072
     14121                  0.000054     0.000010     0.000035 - 0.000073
     14122                  0.000054     0.000010     0.000035 - 0.000073
     14123                  0.000056     0.000010     0.000036 - 0.000076
     14124                  0.000056     0.000010     0.000036 - 0.000076
     14125                  0.000057     0.000011     0.000036 - 0.000077
     14126                  0.000057     0.000011     0.000036 - 0.000078
     14127                  0.000057     0.000011     0.000035 - 0.000078
     14128                  0.000056     0.000011     0.000035 - 0.000078
     14129                  0.000057     0.000011     0.000035 - 0.000079
     14130                  0.000058     0.000012     0.000035 - 0.000081
     14131                  0.000057     0.000012     0.000034 - 0.000080
     14132                  0.000057     0.000012     0.000034 - 0.000080
     14133                  0.000058     0.000012     0.000034 - 0.000081
     14134                  0.000058     0.000012     0.000034 - 0.000083
     14135                  0.000057     0.000013     0.000033 - 0.000082
     14136                  0.000057     0.000013     0.000032 - 0.000082
     14137                  0.000055     0.000013     0.000030 - 0.000081
     14138                  0.000057     0.000013     0.000031 - 0.000082
     14139                  0.000057     0.000013     0.000031 - 0.000083
     14140                  0.000058     0.000013     0.000031 - 0.000084
     14141                  0.000060     0.000014     0.000033 - 0.000087
     14142                  0.000059     0.000014     0.000032 - 0.000086
     14143                  0.000058     0.000014     0.000030 - 0.000086
     14144                  0.000057     0.000014     0.000029 - 0.000085
     14145                  0.000058     0.000014     0.000029 - 0.000086
     14146                  0.000057     0.000015     0.000028 - 0.000086
     14147                  0.000058     0.000015     0.000029 - 0.000087
     14148                  0.000055     0.000015     0.000026 - 0.000085
     14149                  0.000055     0.000015     0.000026 - 0.000085
     14150                  0.000057     0.000015     0.000028 - 0.000087
     14151                  0.000058     0.000015     0.000027 - 0.000088
     14152                  0.000058     0.000016     0.000028 - 0.000089
     14153                  0.000059     0.000016     0.000028 - 0.000089
     14154                  0.000058     0.000016     0.000027 - 0.000089
     14155                  0.000058     0.000016     0.000027 - 0.000090
     14156                  0.000059     0.000016     0.000027 - 0.000090
     14157                  0.000058     0.000016     0.000027 - 0.000090
     14158                  0.000059     0.000016     0.000028 - 0.000091
     14159                  0.000060     0.000016     0.000028 - 0.000092
     14160                  0.000061     0.000017     0.000029 - 0.000094
     14161                  0.000062     0.000017     0.000029 - 0.000095
     14162                  0.000061     0.000017     0.000028 - 0.000094
     14163                  0.000063     0.000017     0.000030 - 0.000096
     14164                  0.000062     0.000017     0.000029 - 0.000095
     14165                  0.000064     0.000017     0.000030 - 0.000097
     14166                  0.000063     0.000017     0.000030 - 0.000097
     14167                  0.000062     0.000017     0.000028 - 0.000096
     14168                  0.000062     0.000017     0.000028 - 0.000096
     14169                  0.000064     0.000018     0.000029 - 0.000098
     14170                  0.000064     0.000018     0.000029 - 0.000098
     14171                  0.000063     0.000018     0.000029 - 0.000098
     14172                  0.000063     0.000018     0.000028 - 0.000098
     14173                  0.000063     0.000018     0.000028 - 0.000098
     14174                  0.000063     0.000018     0.000028 - 0.000098
     14175                  0.000065     0.000018     0.000029 - 0.000100
     14176                  0.000063     0.000018     0.000027 - 0.000099
     14177                  0.000062     0.000018     0.000026 - 0.000098
     14178                  0.000061     0.000018     0.000025 - 0.000097
     14179                  0.000063     0.000019     0.000027 - 0.000099
     14180                  0.000064     0.000019     0.000027 - 0.000100
     14181                  0.000064     0.000019     0.000027 - 0.000101
     14182                  0.000064     0.000019     0.000027 - 0.000101
     14183                  0.000063     0.000019     0.000026 - 0.000100
     14184                  0.000063     0.000019     0.000026 - 0.000100
     14185                  0.000065     0.000019     0.000027 - 0.000102
     14186                  0.000065     0.000019     0.000027 - 0.000103
     14187                  0.000065     0.000019     0.000027 - 0.000103
     14188                  0.000067     0.000019     0.000029 - 0.000105
     14189                  0.000066     0.000019     0.000028 - 0.000104
     14190                  0.000067     0.000020     0.000029 - 0.000105
     14191                  0.000067     0.000020     0.000028 - 0.000105
     14192                  0.000067     0.000020     0.000028 - 0.000105
     14193                  0.000066     0.000020     0.000028 - 0.000105
     14194                  0.000067     0.000020     0.000029 - 0.000106
     14195                  0.000067     0.000020     0.000028 - 0.000106
     14196                  0.000067     0.000020     0.000028 - 0.000106
     14197                  0.000068     0.000020     0.000028 - 0.000107
     14198                  0.000068     0.000020     0.000028 - 0.000107
     14199                  0.000069     0.000020     0.000029 - 0.000108
     14200                  0.000067     0.000020     0.000028 - 0.000107
 

[ooom]

Scam? Quit spreading FUD.

IF GREG RCHAIN and timelines of Synereo crowdfund was not a scam than you my friend live in a dream world

I believe in Synereo as they have more funds than they need, but I am not delusional.

[donnatello]

IF GREG RCHAIN and timelines of Synereo crowdfund was not a scam than you my friend live in a dream world

I believe in Synereo as they have more funds than they need, but I am not delusional.

Problems with Greg? Yes.  Scam? No.

Prove a scam or gtfo, fudder.

[profitgenerator212]

IF GREG RCHAIN and timelines of Synereo crowdfund was not a scam than you my friend live in a dream world

I believe in Synereo as they have more funds than they need, but I am not delusional.

Problems with Greg? Yes.  Scam? No.

Prove a scam or gtfo, fudder.

I have been trying to say that too. Bunch of newbie accounts coming here to scream "SCAM SELL AMP SCAM!!!" is just so childish.

I have to delete posts that are not constructive and are clearly just a FUD attempt to scare investors with false claims.

[profitgenerator212]

Here is my little bit outdated forecast of yesterday, with updated data versus the earlier forecast. I will do anothe forecast later, it just that yesterday I was a bit busy so I forgot to publish it in time, so you can already compare the results of the forecast with the actual price that has been revealed since then.



The last data price is of :  1485237600 unix time , Tue, 24 Jan 2017 06:00:00 GMT
The price chart is of 30 minutes, so each new price will represent a 30 minute candlestick if you will (just add in 1800 increments to the unix time to get the date):


   nr of datapoint   forecast price   standard error    95% confidence interval
     14211                  0.000054     0.000003     0.000047 - 0.000060
     14212                  0.000055     0.000004     0.000047 - 0.000063
     14213                  0.000055     0.000005     0.000046 - 0.000064
     14214                  0.000055     0.000005     0.000045 - 0.000066
     14215                  0.000054     0.000006     0.000042 - 0.000065
     14216                  0.000055     0.000006     0.000043 - 0.000067
     14217                  0.000055     0.000007     0.000042 - 0.000068
     14218                  0.000055     0.000007     0.000041 - 0.000068
     14219                  0.000054     0.000007     0.000040 - 0.000068
     14220                  0.000055     0.000008     0.000040 - 0.000069
     14221                  0.000054     0.000008     0.000039 - 0.000069
     14222                  0.000054     0.000008     0.000038 - 0.000070
     14223                  0.000054     0.000008     0.000037 - 0.000070
     14224                  0.000052     0.000009     0.000035 - 0.000069
     14225                  0.000052     0.000009     0.000035 - 0.000069
     14226                  0.000054     0.000009     0.000036 - 0.000071
     14227                  0.000054     0.000009     0.000036 - 0.000073
     14228                  0.000054     0.000010     0.000035 - 0.000073
     14229                  0.000054     0.000010     0.000035 - 0.000073
     14230                  0.000054     0.000010     0.000034 - 0.000074
     14231                  0.000054     0.000010     0.000034 - 0.000074
     14232                  0.000054     0.000010     0.000033 - 0.000074
     14233                  0.000053     0.000011     0.000032 - 0.000074
     14234                  0.000053     0.000011     0.000032 - 0.000074
     14235                  0.000052     0.000011     0.000030 - 0.000074
     14236                  0.000052     0.000011     0.000029 - 0.000074
     14237                  0.000052     0.000011     0.000029 - 0.000074
     14238                  0.000052     0.000012     0.000030 - 0.000075
     14239                  0.000053     0.000012     0.000029 - 0.000076
     14240                  0.000053     0.000012     0.000029 - 0.000076
     14241                  0.000053     0.000012     0.000029 - 0.000077
     14242                  0.000054     0.000012     0.000029 - 0.000078
     14243                  0.000052     0.000013     0.000027 - 0.000077
     14244                  0.000051     0.000013     0.000026 - 0.000076
     14245                  0.000049     0.000013     0.000024 - 0.000075
     14246                  0.000049     0.000013     0.000023 - 0.000075
     14247                  0.000050     0.000013     0.000023 - 0.000076
     14248                  0.000051     0.000014     0.000024 - 0.000077
     14249                  0.000051     0.000014     0.000024 - 0.000078
     14250                  0.000051     0.000014     0.000024 - 0.000079
     14251                  0.000052     0.000014     0.000024 - 0.000079
     14252                  0.000051     0.000014     0.000023 - 0.000079
     14253                  0.000051     0.000015     0.000023 - 0.000080
     14254                  0.000051     0.000015     0.000022 - 0.000079
     14255                  0.000052     0.000015     0.000023 - 0.000081
     14256                  0.000052     0.000015     0.000023 - 0.000081
     14257                  0.000051     0.000015     0.000021 - 0.000080
     14258                  0.000051     0.000015     0.000021 - 0.000081
     14259                  0.000050     0.000015     0.000020 - 0.000081
     14260                  0.000049     0.000016     0.000019 - 0.000080
     14261                  0.000051     0.000016     0.000020 - 0.000082
     14262                  0.000050     0.000016     0.000019 - 0.000081
     14263                  0.000049     0.000016     0.000018 - 0.000081
     14264                  0.000049     0.000016     0.000017 - 0.000080
     14265                  0.000049     0.000016     0.000017 - 0.000081
     14266                  0.000048     0.000016     0.000016 - 0.000080
     14267                  0.000050     0.000016     0.000018 - 0.000082
     14268                  0.000051     0.000017     0.000019 - 0.000084
     14269                  0.000052     0.000017     0.000019 - 0.000084
     14270                  0.000053     0.000017     0.000020 - 0.000085
     14271                  0.000051     0.000017     0.000018 - 0.000084
     14272                  0.000051     0.000017     0.000017 - 0.000084
     14273                  0.000051     0.000017     0.000017 - 0.000084
     14274                  0.000051     0.000017     0.000017 - 0.000085
     14275                  0.000051     0.000017     0.000017 - 0.000085
     14276                  0.000052     0.000017     0.000018 - 0.000086
     14277                  0.000052     0.000018     0.000017 - 0.000086

[profitgenerator212]

I have overlayed the forecasted values with the actual values that have since then have been revealed, it's astonishing how accurate I am:



Interesting, althought I have to remind people that the more in the future we go, the less accurate it becomes (standard error for each new datapoint forecasted is bigger), so we need to update the model with new price feed as frequently as possible.

This model was created more than 24 hours ago, so I will probably have to update it with new data from today, but I am not at home at the moment so I can't do it now.

Maybe in a few hours, until then keep AMP-ing

[housebtc]

profitgenerator212, it seems you are the only one on this thread plus the FUDsters, I like you determination but it seems to me you are either a Synereo badholder or you are working for the team. Let the team deliver on their promise, once investors see progress the price will move up.

[Ajayjkhidhgtfe]

profitgenerator212, it seems you are the only one on this thread plus the FUDsters, I like you determination but it seems to me you are either a Synereo badholder or you are working for the team. Let the team deliver on their promise, once investors see progress the price will move up.

you are right bro if synereo can rise this much i.e. 20k satoshis from 500 satoshi of ico price then it can also rise further and profitgenerator212 keep it up you and we all investor will see the fruits it is just a matter of time, it is just that once the alpha get's released and then it will follow soon, i also have 13k amp bought at 5.5 cent and maybe the price will hit 50 cent or even 1 dollar, anything can happen because if steem can rise so much then so can synereo it is just a matter of releasing the alpha and making some development in project is all that is needed. So let's wait for half or this full year and no doubt we will win  

And profitgenerator i also recommend you to buy some dubaicoin and adzcoin also, they both are also greatest and most amazing investment for this year like synereo  

[seven.71]

since the unrest between Dev Synereo Synereo prices dropped considerably from its ICO prices even I lose

[bbc.reporter]

I thought about buying good amount of AMP because it could be undervalued right now. After doing a little reasearch on it I found out that their Rchain and Special K technology does not really work. Their whole ICO that raised a lot of bitcoins was based on the premise that Rchain will be more advanced than the blockchains we have now. If that is not working what will they use now?