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Author Topic: [ANN] AMP - The Currency That Powers Your Attention On Synereo  (Read 841500 times)
murt9000
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September 10, 2016, 09:07:53 AM
 #1881

This is a shame. The technical people behind Synereo have good reputations and I don't believe they would wish to tarnish them with an outright scam. I believe there is a solid plan and genuine intention to develop an innovative and valuable platform. But greed seems to be the primary driver for the funding and distribution model. The risk of price collapse resulting from inflation is a near certainty, and early adopters will be burned badly. I think I would like to support this project at a time when investment represents a reasonable chance of reward. Give it a year or 2, and if Synereo is still around, you should be able to get in a lot cheaper than today.
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September 10, 2016, 09:08:42 AM
 #1882

The price on Polo reaches nearly 29k on a daily volume over 470 BTC.


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DecentralizeEconomics
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September 10, 2016, 09:41:04 AM
 #1883

This is a shame. The technical people behind Synereo have good reputations and I don't believe they would wish to tarnish them with an outright scam. I believe there is a solid plan and genuine intention to develop an innovative and valuable platform. But greed seems to be the primary driver for the funding and distribution model. The risk of price collapse resulting from inflation is a near certainty, and early adopters will be burned badly. I think I would like to support this project at a time when investment represents a reasonable chance of reward. Give it a year or 2, and if Synereo is still around, you should be able to get in a lot cheaper than today.

You don't know what you are talking about.

YOURCHAIN - MAKE CRYPTO YOURS AGAIN!
"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
murt9000
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September 10, 2016, 09:46:50 AM
 #1884

Ping ya back in 1 year and we can check out the price of AMPs together.

Thanks for your constructive input.
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September 10, 2016, 10:02:48 AM
 #1885

Synereo on The Value Walk http://www.valuewalk.com/2016/09/facebook-inc-fb-twitter-inc-twtr-social-media-choice/

"Synereo, whose alpha release is slated for September, will test its automated, trustless interactions over the network for users to build systems that do not require concentrated power to maintain order.

With the power spread throughout the network and is left in the hands of the active participants in it – the users, decentralized systems will usher in the start of a social media era that could be a plausible choice for users.

Aside enabling users to connect directly to one another via secure cryptographic channels that prevent eavesdropping without their consent, they can also exchange services and value, share and collaborate without anyone in their way. Isn’t that what we all need?"

Synereo is everywhere.....

There is really a growing need for decentralised media, social networks, platforms. I was wondering if Synereo was too early, but it appears its growing demand.
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September 10, 2016, 10:03:14 AM
 #1886

Ping ya back in 1 year and we can check out the price of AMPs together.

Thanks for your constructive input.

You sound like the same guys that were selling under 1000 sats after the first crowdsale.  Max amount of AMPs in the foreseeable future is 62.5M + 44M = 106.5M.  A marketcap valuation of Synereo of only $100M puts each AMP at $1.  Imo, we're going to blow past that pretty quickly.

YOURCHAIN - MAKE CRYPTO YOURS AGAIN!
"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
murt9000
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September 10, 2016, 10:28:29 AM
 #1887

Ping ya back in 1 year and we can check out the price of AMPs together.

Thanks for your constructive input.

Max amount of AMPs in the foreseeable future is 62.5M + 44M = 106.5M.

Source? If you can actually back that up with a legitimate source confirming that there are no plans to distribute the rest of the AMPs in the future, then it would actually address the concerns of many potential investors.

Let me save you some time. You can't back it up because the AMPs wouldn't have been created if there wasn't plans to distribute them in the future. I'm not psychic but I can foresee the effect that will have on the price.

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September 10, 2016, 10:39:41 AM
 #1888

Ping ya back in 1 year and we can check out the price of AMPs together.

Thanks for your constructive input.

Max amount of AMPs in the foreseeable future is 62.5M + 44M = 106.5M.

Source? If you can actually back that up with a legitimate source confirming that there are no plans to distribute the rest of the AMPs in the future, then it would actually address the concerns of many potential investors.

Let me save you some time. You can't back it up because the AMPs wouldn't have been created if there wasn't plans to distribute them in the future. I'm not psychic but I can foresee the effect that will have on the price.



The last I heard, the next crowdsale is 1.5 years after this one is finished.  The first crowdsale had ~400M AMPs for sale.  This crowdsale only has a MAX of 44M AMPs for sale.  I doubt any future crowdsale will have more than 44M AMPs for sale, imo most likely less, and they're all going to be spaced at least 1.5 years apart from one another.  Founders AMPs are locked up, and I seriously doubt they sell any significant portion any time soon.  The rest of the AMPs are allocated to bounties, content creators, and user signups.  None of these are going to result in a large dillution or any one person holding a large sum of AMPs.  The crowdsales are going to be the major source of new AMPs coming to market, and as seen from the announcement, not many are up for grabs.  The crowdsale AMPs are the funding source of Synereo, and they're not going to burn through them.  The plan for Synereo is a long term one.  Listen to the hangout sessions.  In the last hangout session, Greg is talking about his vision for Synereo ten years into the future.  Long term projects require long term funding.  Do the math.

YOURCHAIN - MAKE CRYPTO YOURS AGAIN!
"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
murt9000
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September 10, 2016, 11:10:05 AM
 #1889

Ping ya back in 1 year and we can check out the price of AMPs together.

Thanks for your constructive input.

Max amount of AMPs in the foreseeable future is 62.5M + 44M = 106.5M.

Source? If you can actually back that up with a legitimate source confirming that there are no plans to distribute the rest of the AMPs in the future, then it would actually address the concerns of many potential investors.

Let me save you some time. You can't back it up because the AMPs wouldn't have been created if there wasn't plans to distribute them in the future. I'm not psychic but I can foresee the effect that will have on the price.



The last I heard, the next crowdsale is 1.5 years after this one is finished.  The first crowdsale had ~400M AMPs for sale.  This crowdsale only has a MAX of 44M AMPs for sale.  I doubt any future crowdsale will have more than 44M AMPs for sale, imo most likely less, and they're all going to be spaced at least 1.5 years apart from one another.  Founders AMPs are locked up, and I seriously doubt they sell any significant portion any time soon.  The rest of the AMPs are allocated to bounties, content creators, and user signups.  None of these are going to result in a large dillution or any one person holding a large sum of AMPs.  The crowdsales are going to be the major source of new AMPs coming to market, and as seen from the announcement, not many are up for grabs.  The crowdsale AMPs are the funding source of Synereo, and they're not going to burn through them.  The plan for Synereo is a long term one.  Listen to the hangout sessions.  In the last hangout session, Greg is talking about his vision for Synereo ten years into the future.  Long term projects require long term funding.  Do the math.

Exactly, no source to confirm that the supply will not exceed 106.5M in the future because your claim was baseless. You have instead confirmed that the first inflationary event is imminent and that there are additional inflationary events planned, in the foreseeable future. Each of these events will negatively impact the price and investor sentiment. You have made my point for me, thank you.
freequant
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September 10, 2016, 11:49:58 AM
 #1890

If facts & reasoning don't change your mind, nothing will.

Done more research and decided to invest anyway. I jumped the gun a bit quick earlier and apologize for that.
I still think your communication is hand wavy, but your business model is solid, and your team is top notch.
I hope I made the right choice and won't be disappointed.

I'd recommend being more upfront about that market cap thing though.
Whether or not you agree that market cap applies for crypto assets in the same way as it does for stocks, it is still a fact that every other crypto under the sun agrees to this approximation (even if it is only an approximation) and accepts to be upfront about matters of supply, and how much future dilution investors should expect to undergo. So far what I observe is that each time future dilution is mentioned you (@SynereoCommunity) go into a wall of text mode where you pretty much flood the matter under reasonable sounding explanation all the while not acknowledging the fact that the current float in indeed a mere 4% of the total supply.

Can we discuss frankly about numbers?
ShooterXD
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September 10, 2016, 11:55:39 AM
 #1891

Ill just keep buying slowly.

Every day i get more coins to the big pump, easy money!
Hold your coins guys!
=D

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murt9000
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September 10, 2016, 12:05:06 PM
 #1892

If facts & reasoning don't change your mind, nothing will.

Whether or not you agree that market cap applies for crypto assets in the same way as it does for stocks,


Market cap is simply a measurement of investor sentiment, nothing more or less, and it applies equally to any investment product. Any claim that the concept of investor sentiment doesn't apply to crypto, or more specifically Synereo, is utter waffle.
SynereoCommunity
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September 10, 2016, 03:04:40 PM
 #1893

If facts & reasoning don't change your mind, nothing will.

Done more research and decided to invest anyway. I jumped the gun a bit quick earlier and apologize for that.
I still think your communication is hand wavy, but your business model is solid, and your team is top notch.
I hope I made the right choice and won't be disappointed.

I'd recommend being more upfront about that market cap thing though.
Whether or not you agree that market cap applies for crypto assets in the same way as it does for stocks, it is still a fact that every other crypto under the sun agrees to this approximation (even if it is only an approximation) and accepts to be upfront about matters of supply, and how much future dilution investors should expect to undergo. So far what I observe is that each time future dilution is mentioned you (@SynereoCommunity) go into a wall of text mode where you pretty much flood the matter under reasonable sounding explanation all the while not acknowledging the fact that the current float in indeed a mere 4% of the total supply.

Can we discuss frankly about numbers?

Sure!  We appreciate your critical views - these help us to decide on future plans, and give us important feedback on how we can improve.

"Market sentiment" is indeed important, as murt9000 says, and it does apply to digital tokens.

All I'm saying (sometimes with too many words!) is we need to replace the parts of that valuation model that do not apply to us.

One of those parts is "quarterly earnings reports", which the market sentiment reacts to with vigor.

I believe that the milestone funding that we've set up does this, albeit at a much longer term of 18 months.  However, that will change now that we are rolling out the first alpha iteration.  With each improvement (this will be every 2-3 weeks for a while), the market will see our progress this way.

The main problem I see is that many people are trying to use the principles of supply & demand in a superficial and incomplete way.

If you do not take the growth of demand into consideration, you will indeed come up with ideas like "inflationary" or "dilution".  The problem is, when the user base is growing, and the number of people that hear about the project increases greatly, those equations will not work.  It's a balancing act to match the increase in supply with the increase in demand - and new supporters buying tokens from the funding wallet do just this.  I can tell you that many people are coming into this for the first time - they do not own any other tokens.  IMO, this increase in the size of the market, and volume, will be very beneficial to the trader communities.

I invite anyone who wants to help come up with a better system than just using "supply x price" - especially those of you who are critical of our ideas - to work with us to develop something a bit more useful and accurate.  We all know we live in a world where things can be 'faked' easier than ever, and we have to act collectively to fact-check people's claims.  Right now, that is impossible if we are relying exclusively on 'market cap' as the litmus test.

Please join our Discord channel for a variety of conversations: https://discord.gg/xrm56DV -  Visit the web site for general info: http://www.synereo.com/  -  Our Blog has important updates and summaries: http://blog.synereo.com
RayX12
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September 10, 2016, 03:34:40 PM
 #1894

If facts & reasoning don't change your mind, nothing will.

Done more research and decided to invest anyway. I jumped the gun a bit quick earlier and apologize for that.
I still think your communication is hand wavy, but your business model is solid, and your team is top notch.
I hope I made the right choice and won't be disappointed.

I'd recommend being more upfront about that market cap thing though.
Whether or not you agree that market cap applies for crypto assets in the same way as it does for stocks, it is still a fact that every other crypto under the sun agrees to this approximation (even if it is only an approximation) and accepts to be upfront about matters of supply, and how much future dilution investors should expect to undergo. So far what I observe is that each time future dilution is mentioned you (@SynereoCommunity) go into a wall of text mode where you pretty much flood the matter under reasonable sounding explanation all the while not acknowledging the fact that the current float in indeed a mere 4% of the total supply.

Can we discuss frankly about numbers?

Sure!  We appreciate your critical views - these help us to decide on future plans, and give us important feedback on how we can improve.

"Market sentiment" is indeed important, as murt9000 says, and it does apply to digital tokens.

All I'm saying (sometimes with too many words!) is we need to replace the parts of that valuation model that do not apply to us.

One of those parts is "quarterly earnings reports", which the market sentiment reacts to with vigor.

I believe that the milestone funding that we've set up does this, albeit at a much longer term of 18 months.  However, that will change now that we are rolling out the first alpha iteration.  With each improvement (this will be every 2-3 weeks for a while), the market will see our progress this way.

The main problem I see is that many people are trying to use the principles of supply & demand in a superficial and incomplete way.

If you do not take the growth of demand into consideration, you will indeed come up with ideas like "inflationary" or "dilution".  The problem is, when the user base is growing, and the number of people that hear about the project increases greatly, those equations will not work.  It's a balancing act to match the increase in supply with the increase in demand - and new supporters buying tokens from the funding wallet do just this.  I can tell you that many people are coming into this for the first time - they do not own any other tokens.  IMO, this increase in the size of the market, and volume, will be very beneficial to the trader communities.

I invite anyone who wants to help come up with a better system than just using "supply x price" - especially those of you who are critical of our ideas - to work with us to develop something a bit more useful and accurate.  We all know we live in a world where things can be 'faked' easier than ever, and we have to act collectively to fact-check people's claims.  Right now, that is impossible if we are relying exclusively on 'market cap' as the litmus test.

Nothing regarding AMP will change until you burn most of the 96% premine tokens that you hold in your wallets.  If you really want to be fair to the investors of AMP then you should simply have the market set the value of the token by natural growth.  

This means you put your tech out and let people start using it, as more and more people adopt your technology then the price will rise accordingly and benefit the AMP investors.  

Holding so many premine tokens, in Synereo LTD wallet, indicates that you do not want your investors to make any money but rather you (Synereo LTD) want to absorb all market bullishness with future sales of your token, that is very selfish and short sighted.
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September 10, 2016, 04:40:35 PM
 #1895

If anyone else is looking for the live stream of the conference its here https://www.livecoding.tv/synereo/
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September 10, 2016, 04:51:06 PM
 #1896



Also can be seen here: https://www.youtube.com/watch?v=7CxlV93k21g

Governance Conference



Please join our Discord channel for a variety of conversations: https://discord.gg/xrm56DV -  Visit the web site for general info: http://www.synereo.com/  -  Our Blog has important updates and summaries: http://blog.synereo.com
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September 10, 2016, 05:10:27 PM
 #1897

@SynereoCommunity

One more point I'd like to clarify: who has legal ownership of the remaining 96% premine? Does Synereo Ltd own it entirely and are there any plans or wording in the status that would allow the founders or company C-level officers to gift some AMPs to themselves?

That's an important aspect to understand because there was a precedent with Ripple where the 3 founders decided to gift themselves 20% of the premine, and things started to get very wrong when they had a fall out and one of the founder left the firm and started to dump his 9% premine on the market. The situation is still ongoing. That founder is still dumping continuously albeit at a limited rate that was agreed between him and Ripple Inc as part of the settlement of a pretty nasty court trial.
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September 10, 2016, 07:13:13 PM
 #1898



Also can be seen here: https://www.youtube.com/watch?v=7CxlV93k21g

Governance Conference




Thanks this is a better place to view.

I was a little confused on the governance talk. Can someone paraphrase how Synereo will move towards a decentralised governance model?
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September 10, 2016, 09:49:03 PM
 #1899

Is there a bounty ?

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September 11, 2016, 01:15:00 AM
 #1900

i'm not watching the conference, but what happened??? did they said something bad?
the buy order at poloniex is dying and the price dropping fast.

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