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Author Topic: [ANN][1000 SYNC] Proof of Stake now run by BLOCKCHAIN DEVELOPMENT COMPANY  (Read 815945 times)
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Firebird3000
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February 19, 2021, 12:05:54 AM
 #11841

Well, been stuck for about a month now.  I think she's dead (again). 

Agreed...Only 1 active connection. Stopped at 2/16...can't seem to  catch up past that date.
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March 08, 2021, 11:08:18 PM
 #11842

When NFT? lol

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April 01, 2021, 01:46:36 AM
 #11843

When NFT? lol



not a bad idea

                                     
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April 01, 2021, 01:58:40 AM
Last edit: April 01, 2021, 02:56:18 AM by 1blockologist
 #11844

The plan was to do a token swap of Sync to an additional erc20 token for use on the Pareto Network (a new erc20 token named SYNC), this was not declared on the roadmap and been strategically implemented in a way as to not dilute the purpose of the Pareto token, in the minds of that community.

If you recall or ever used the Pareto Network, your access was dependent on the tokens in your wallet, so having erc20 sync would have augmented access, like a scarce powerup in a game. At the time, the low supply of the SYNC token would have been a novelty. We would have limited the number of decimal places in the erc20 standard to very few, possibly none. Very similar to an NFT series.

Through the bear market, the basic Pareto Network didn't get the buy in it needed. So any embellishments also needed to be put on the backburner.

I'm not here to make excuses, just provide context and closure. I used my own money to buy a nice supply of SYNC, which I hope balances out your opinions of me not delivering. I took a risk that is also not working out for me by now.

Right now, this is all still on the back burner and I don't have specific plans, but the good news is that all the plans are actually easier and less expensive to do now.

With the Pareto Network, we all agree that an information marketplace should exist, but the solution described in the white paper and implemented is not good enough. The solution and built product was a tipping system for user-generated content. That's not good enough. Sure if you get a ton of FOMO amongst crypto traders then you can get that inflection point where people continually post content and people use the Pareto token (and other tokens) to compete for scores via tips, but that isn't what happened. From a mixture of our own go-to market strategy as well as disinterest during the bear market, we/the brand got FUDDed pretty hard. Now, the general crypto market doesn't care, they see the FUD and will buy into any project that's moving anyway, although it can be an uncomfortable distraction when people are Fudding. But for the Pareto Network, the quagmire is that the people doing the FUD specifically are Pareto token bagholders who don't even know what outcome they want. They don't want me to profit, which is at the expense of their ability to have a FOMO inducing platform. The system also hasn't been viable with high gas fees on the Ethereum network for a very long time.

So the main product is back on the drawing board. It CAN be relaunched as-is on Binance Smart Chain, and the whole SYNC plan CAN work there. But what we really need is something that doesn't rely on user-generated content. We shouldn't be making a social network or STEEM. We should be making an autonomous DeFi platform that incorporates NFTs.

Right now, we don't know specifically what that is, and so I don't have a specific plan for SYNC. I think this is the first time I've mentioned what the plan for SYNC was, so feel free to talk about that, criticize it, or admire it, and most importantly discuss possibilities.

Any plan for SYNC needs to involve burning the swapped versions on this SYNC blockchain and retiring it for good, in exchange for the erc20/Bep-20/NFT version

                                     
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April 06, 2021, 03:28:24 PM
 #11845

I think pareto should have been on the bep20 network a long time ago.. 
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April 09, 2021, 02:43:46 PM
 #11846

Have you at any time been in contact with the previous developer @smokin35?
I see on twitter he still has an image of a sync chart .
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April 12, 2021, 11:14:24 PM
Last edit: April 13, 2021, 05:37:56 PM by 1blockologist
 #11847

I think pareto should have been on the bep20 network a long time ago..  

BSC only launched September 1st 2020 I believe

different than the other binance chain

its definitely worth paying attention to now

more volume and activity than Ethereum / Uniswap

                                     
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April 13, 2021, 05:38:30 PM
 #11848

Have you at any time been in contact with the previous developer @smokin35?
I see on twitter he still has an image of a sync chart .

I think I tried at the very beginning, especially when I was accumulating SYNC over the counter. but not in years

                                     
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PARETO 

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& Information Marketplace

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  JOIN THE NETWORK
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April 14, 2021, 03:12:02 PM
 #11849

Thanks for the update on the original plans and what has happened!!  I sure appreciate it.  What a bummer, but it sure is how things have played out.  I came here to see if there were any updates with Sync as I was thinking it is time to shut my part down after all these years.  Looks like I am about the last one standing with the only running node, and there appears to be only 3 other clients besides myself.  I'll definitely keep it running yet though after seeing some discussion here.

I don't necessarily have suggestions, sorry.  But I do like what you laid out and think any change and activity would be a good thing.  Especially at a time like this in the market.
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April 21, 2021, 06:28:01 PM
 #11850

I think pareto should have been on the bep20 network a long time ago..  

BSC only launched September 1st 2020 I believe

different than the other binance chain

its definitely worth paying attention to now

more volume and activity than Ethereum / Uniswap


Yes I know, I'm just saying that if he had moved in Nov/Dec he would have benefited from all the hype on the bsc network which is currently crazy.
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April 21, 2021, 11:35:55 PM
 #11851

Have you at any time been in contact with the previous developer @smokin35?
I see on twitter he still has an image of a sync chart .

I think I tried at the very beginning, especially when I was accumulating SYNC over the counter. but not in years



Maybe we could contact him and see if he has something in mind.
A NFT is not a bad idea , there are a lot of people who remember sync , at the time it was very well known , it was worth more than the btc for its low supply .
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September 15, 2021, 03:09:37 AM
 #11852

Interesting!!
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September 15, 2021, 03:41:27 AM
 #11853

Interesting!!

The bot finds it interesting, everyone! Cheesy
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