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Author Topic: [ANN] AMP - The Currency That Powers Your Attention On Synereo  (Read 778489 times)
dsattler
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October 24, 2016, 10:28:24 AM
 #2741

Can AMPs be stored on the ledger nano S ?

Better not do this! For transfer of AMP you'll need to import the private key in omniwallet but for hardware wallets like ledger or trezor it's complicated to extract.

Bitcointalk member since 2013! Smiley
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October 24, 2016, 10:59:38 AM
 #2742

https://www.youtube.com/watch?v=JynOkQD6A-A&app=desktop



Synereo - Plug into the Emerging, Decentralized Economy

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October 24, 2016, 11:06:17 AM
 #2743

This does not even work with STEEM. As I understand, the more STEEM, the more upvote. But with STEEM, these are not lost after upvoting. And yet steemit isn't really profitable for investors.
Steemit at this moment is a real crappy thing. It is a product that is far from being finished. It is just a site where people dump random articles. It lacks a real specific purpose. Moreover, there are a few whales that control everything. So no wonder Steemit is a mess. But you are right, that even Synereo needs to have use cases to get money into it. Synereo should avoid to become something like Steemit where people mostly take money out of the system. But don't forget that Synereo is not just a social platform. Last month Silicon Valley declared the Synereo blockchain superior to all other blockchains and decided to continue with Synereo (over Ethereum) to make a decentralized internet. In my eyes, that makes Synereo hugely valuable and at this moment incredibly undervalued.



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October 24, 2016, 11:22:12 AM
 #2744

https://www.youtube.com/watch?v=JynOkQD6A-A&app=desktop



Synereo - Plug into the Emerging, Decentralized Economy


Cool video
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October 24, 2016, 02:17:32 PM
 #2745

So, people who bought AMPs in this latest sale are currently losing at least around 20%, but it's much higher for latest purchasers...

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October 24, 2016, 02:21:46 PM
 #2746

Can AMPs be stored on the ledger nano S ?

Better not do this! For transfer of AMP you'll need to import the private key in omniwallet but for hardware wallets like ledger or trezor it's complicated to extract.

Thanks !!!
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October 24, 2016, 04:05:22 PM
 #2747

We should talk more about what Synereo is doing to protect privacy and freedom of speech. There's been rumors about Facebook blocking things like WikiLeaks and North Dakota protest coverage, lately. China censors their equivalent, Weibo, all the time: http://www.newsbtc.com/2016/10/24/synereo-social-media-china/

We work hard to promote Bitcoin adoption and the decentralization of society. You can support our efforts by donating BTC to 35wDNxFhDB6Ss8fgijUUpn2Yx6sggDgGqS
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October 24, 2016, 04:20:06 PM
 #2748

https://www.youtube.com/watch?v=JynOkQD6A-A&app=desktop



Synereo - Plug into the Emerging, Decentralized Economy

great video to learn about this project hope many investors will jump into it, better to buy and hold little by little, good luck dev.

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October 24, 2016, 05:38:03 PM
 #2749

 Look at the marketcap of Ethereum.  It's at $1B.  Synereo is much better than Ethereum from a technological point of view.  Synereo is also much more marketable than Ethereum.  Even if Synereo just reaches $1B marketcap in two years (personally, I think it will go much higher, much sooner), you're looking at a total of 223.33M AMPs with a total market cap of $1B which means each AMP would be worth $4.47 USD.
Lets keep things realistic , 4 dollars would be amazing but i would already be happy with a 1 to 2 dollars price

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October 24, 2016, 05:47:27 PM
 #2750

 Look at the marketcap of Ethereum.  It's at $1B.  Synereo is much better than Ethereum from a technological point of view.  Synereo is also much more marketable than Ethereum.  Even if Synereo just reaches $1B marketcap in two years (personally, I think it will go much higher, much sooner), you're looking at a total of 223.33M AMPs with a total market cap of $1B which means each AMP would be worth $4.47 USD.
Lets keep things realistic , 4 dollars would be amazing but i would already be happy with a 1 to 2 dollars price
same here mate if we can make this things possible at the moment moving up for some more can be achievable in the long run
so just be one step at the time.

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October 24, 2016, 05:55:40 PM
 #2751

Synereo Bringing Decentralized Social Media to China


http://www.newsbtc.com/2016/10/24/synereo-social-media-china/

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October 24, 2016, 05:58:15 PM
 #2752

Synereo Bringing Decentralized Social Media to China


http://www.newsbtc.com/2016/10/24/synereo-social-media-china/


That could prove to be massssive in next 12-20 months

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October 24, 2016, 06:56:13 PM
 #2753

AMPlifiy this post... Anyone really gonna use this? Will people purchase AMPs so they can upvote stuff? I doubt that.

AMPlifiy this post... And loose money with that...

Would YOU do this? Not someone you can imagine...

It's like with this social network for pets. If you ask around you find a lot people who can imagine such a thing would be profitable. But in reality, no one would use it.
This does not even work with STEEM. As I understand, the more STEEM, the more upvote. But with STEEM, these are not lost after upvoting. And yet steemit isn't really profitable for investors.

Except for advertisers perhaps...

AMPs have value because of their use case for advertisers, but they also are valuable for a lot of other use cases.  One of those being content producers (aka musicians, artists, etc...) who will now be able to directly sell their content to the consumer without having to use middlemen (aka Spotify, iTunes, etc...).  AMPs are also the intermediary token for monetary transfers on the decentralized internet.  Want to send BTC or Fiat (a fiat token redeemable through a gateway service)?  The financial instrument that you send will be converted to AMPs, sent to the recipient, and reconverted into the currency of their choice on the fly.  Also, AMPs are the underlying token of the RChain.  AMPs will have plenty of uses on the decentralized internet and all the dApps and companies which will be utilizing it.

You guys do realize that the crowdsale buyers is losing money is not a good thing to Synereo, basically its because of their investment of 4.7M that there will be development....

If you're expecting a large return in the next week or two, it's probably not going to happen.  If you're willing to wait a little longer, I seriously think AMPs will easily hit $5 USD next year.  Synereo is leaps and bounds better than Ethereum and the full AMP distribution, in my estimate, is many, many years off.
Problem is, there are much more AMPs than ETH. Total supply:

1,680,400,000 AMP
     85,271,149 ETH

So there are almost 20 times more AMP than ETH.

Please do correct me if I am wrong!

Here's the Synereo AMP Finance GDoc: https://docs.google.com/spreadsheets/d/1r1G-ROS4vgHK84qfn1CBIxuXZQCCvIicCTQSxW1T_mo

As you can see, the total amount of AMPs on the market right now is ~63M.

The total amount of AMPs that can ever be issued is ~949M.

I expect another 26M will be issued from the just concluded crowdsale.  This puts the total float at 89M AMPs.  Probably around 14M AMPs out of the 949M will be burned, which will leave 935M.

Out of those 935M another 846M are left to be issued.  100M are the founders and will most likely be locked up until a substantial price increase happens.  Another 425.2M are allocated for future funding rounds.  There won't be another crowdsale for a year or a year and a half.  If only 44M AMPs were available this funding round the team has another ten years of funding rounds before this is exhausted.  This time only 59% of the 44M AMPs available in the crowdsale were sold.  Extrapolating that to the future, I expect 174.33M AMPs to be burnt before total disbursement which would put the cap at 760.66M AMPs.  The "bounty wallet", "content creator wallet", and "user rewards wallet" amount to a combined total of 290M, and again, fall under long term disbursement.  The situation now sits that there will only be 89M AMPs for the next year or more.  If you think they'll do another crowdsale yearly for ten years to fund development, you're looking at an increase of 67.16M per year.  If this project is even moderately successful, that's nothing.  Look at the marketcap of Ethereum.  It's at $1B.  Synereo is much better than Ethereum from a technological point of view.  Synereo is also much more marketable than Ethereum.  Even if Synereo just reaches $1B marketcap in two years (personally, I think it will go much higher, much sooner), you're looking at a total of 223.33M AMPs with a total market cap of $1B which means each AMP would be worth $4.47 USD.

Great post! 👏🏼👍🏼 Let's hope your math is correct.
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October 24, 2016, 07:11:39 PM
 #2754

AMPlifiy this post... Anyone really gonna use this? Will people purchase AMPs so they can upvote stuff? I doubt that.

AMPlifiy this post... And loose money with that...

Would YOU do this? Not someone you can imagine...

It's like with this social network for pets. If you ask around you find a lot people who can imagine such a thing would be profitable. But in reality, no one would use it.
This does not even work with STEEM. As I understand, the more STEEM, the more upvote. But with STEEM, these are not lost after upvoting. And yet steemit isn't really profitable for investors.

Except for advertisers perhaps...

AMPs have value because of their use case for advertisers, but they also are valuable for a lot of other use cases.  One of those being content producers (aka musicians, artists, etc...) who will now be able to directly sell their content to the consumer without having to use middlemen (aka Spotify, iTunes, etc...).  AMPs are also the intermediary token for monetary transfers on the decentralized internet.  Want to send BTC or Fiat (a fiat token redeemable through a gateway service)?  The financial instrument that you send will be converted to AMPs, sent to the recipient, and reconverted into the currency of their choice on the fly.  Also, AMPs are the underlying token of the RChain.  AMPs will have plenty of uses on the decentralized internet and all the dApps and companies which will be utilizing it.

You guys do realize that the crowdsale buyers is losing money is not a good thing to Synereo, basically its because of their investment of 4.7M that there will be development....

If you're expecting a large return in the next week or two, it's probably not going to happen.  If you're willing to wait a little longer, I seriously think AMPs will easily hit $5 USD next year.  Synereo is leaps and bounds better than Ethereum and the full AMP distribution, in my estimate, is many, many years off.
Problem is, there are much more AMPs than ETH. Total supply:

1,680,400,000 AMP
     85,271,149 ETH

So there are almost 20 times more AMP than ETH.

Please do correct me if I am wrong!

Here's the Synereo AMP Finance GDoc: https://docs.google.com/spreadsheets/d/1r1G-ROS4vgHK84qfn1CBIxuXZQCCvIicCTQSxW1T_mo

As you can see, the total amount of AMPs on the market right now is ~63M.

The total amount of AMPs that can ever be issued is ~949M.

I expect another 26M will be issued from the just concluded crowdsale.  This puts the total float at 89M AMPs.  Probably around 14M AMPs out of the 949M will be burned, which will leave 935M.

Out of those 935M another 846M are left to be issued.  100M are the founders and will most likely be locked up until a substantial price increase happens.  Another 425.2M are allocated for future funding rounds.  There won't be another crowdsale for a year or a year and a half.  If only 44M AMPs were available this funding round the team has another ten years of funding rounds before this is exhausted.  This time only 59% of the 44M AMPs available in the crowdsale were sold.  Extrapolating that to the future, I expect 174.33M AMPs to be burnt before total disbursement which would put the cap at 760.66M AMPs.  The "bounty wallet", "content creator wallet", and "user rewards wallet" amount to a combined total of 290M, and again, fall under long term disbursement.  The situation now sits that there will only be 89M AMPs for the next year or more.  If you think they'll do another crowdsale yearly for ten years to fund development, you're looking at an increase of 67.16M per year.  If this project is even moderately successful, that's nothing.  Look at the marketcap of Ethereum.  It's at $1B.  Synereo is much better than Ethereum from a technological point of view.  Synereo is also much more marketable than Ethereum.  Even if Synereo just reaches $1B marketcap in two years (personally, I think it will go much higher, much sooner), you're looking at a total of 223.33M AMPs with a total market cap of $1B which means each AMP would be worth $4.47 USD.

Great post! 👏🏼👍🏼 Let's hope your math is correct.
and at this point of time, amp everything goes and goes to his goal in 100sat
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October 24, 2016, 10:26:08 PM
 #2755

AMPlifiy this post... Anyone really gonna use this? Will people purchase AMPs so they can upvote stuff? I doubt that.

AMPlifiy this post... And loose money with that...

Would YOU do this? Not someone you can imagine...

It's like with this social network for pets. If you ask around you find a lot people who can imagine such a thing would be profitable. But in reality, no one would use it.
This does not even work with STEEM. As I understand, the more STEEM, the more upvote. But with STEEM, these are not lost after upvoting. And yet steemit isn't really profitable for investors.

Except for advertisers perhaps...

AMPs have value because of their use case for advertisers, but they also are valuable for a lot of other use cases.  One of those being content producers (aka musicians, artists, etc...) who will now be able to directly sell their content to the consumer without having to use middlemen (aka Spotify, iTunes, etc...).  AMPs are also the intermediary token for monetary transfers on the decentralized internet.  Want to send BTC or Fiat (a fiat token redeemable through a gateway service)?  The financial instrument that you send will be converted to AMPs, sent to the recipient, and reconverted into the currency of their choice on the fly.  Also, AMPs are the underlying token of the RChain.  AMPs will have plenty of uses on the decentralized internet and all the dApps and companies which will be utilizing it.

You guys do realize that the crowdsale buyers is losing money is not a good thing to Synereo, basically its because of their investment of 4.7M that there will be development....

If you're expecting a large return in the next week or two, it's probably not going to happen.  If you're willing to wait a little longer, I seriously think AMPs will easily hit $5 USD next year.  Synereo is leaps and bounds better than Ethereum and the full AMP distribution, in my estimate, is many, many years off.
Problem is, there are much more AMPs than ETH. Total supply:

1,680,400,000 AMP
     85,271,149 ETH

So there are almost 20 times more AMP than ETH.

Please do correct me if I am wrong!

Here's the Synereo AMP Finance GDoc: https://docs.google.com/spreadsheets/d/1r1G-ROS4vgHK84qfn1CBIxuXZQCCvIicCTQSxW1T_mo

As you can see, the total amount of AMPs on the market right now is ~63M.

The total amount of AMPs that can ever be issued is ~949M.

I expect another 26M will be issued from the just concluded crowdsale.  This puts the total float at 89M AMPs.  Probably around 14M AMPs out of the 949M will be burned, which will leave 935M.

Out of those 935M another 846M are left to be issued.  100M are the founders and will most likely be locked up until a substantial price increase happens.  Another 425.2M are allocated for future funding rounds.  There won't be another crowdsale for a year or a year and a half.  If only 44M AMPs were available this funding round the team has another ten years of funding rounds before this is exhausted.  This time only 59% of the 44M AMPs available in the crowdsale were sold.  Extrapolating that to the future, I expect 174.33M AMPs to be burnt before total disbursement which would put the cap at 760.66M AMPs.  The "bounty wallet", "content creator wallet", and "user rewards wallet" amount to a combined total of 290M, and again, fall under long term disbursement.  The situation now sits that there will only be 89M AMPs for the next year or more.  If you think they'll do another crowdsale yearly for ten years to fund development, you're looking at an increase of 67.16M per year.  If this project is even moderately successful, that's nothing.  Look at the marketcap of Ethereum.  It's at $1B.  Synereo is much better than Ethereum from a technological point of view.  Synereo is also much more marketable than Ethereum.  Even if Synereo just reaches $1B marketcap in two years (personally, I think it will go much higher, much sooner), you're looking at a total of 223.33M AMPs with a total market cap of $1B which means each AMP would be worth $4.47 USD.

Great post! 👏🏼👍🏼 Let's hope your math is correct.
and at this point of time, amp everything goes and goes to his goal in 100sat

Why the hell should it? Please, explain yourself.
overthetop2011
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October 24, 2016, 10:40:29 PM
 #2756

AMPlifiy this post... Anyone really gonna use this? Will people purchase AMPs so they can upvote stuff? I doubt that.

AMPlifiy this post... And loose money with that...

Would YOU do this? Not someone you can imagine...

It's like with this social network for pets. If you ask around you find a lot people who can imagine such a thing would be profitable. But in reality, no one would use it.
This does not even work with STEEM. As I understand, the more STEEM, the more upvote. But with STEEM, these are not lost after upvoting. And yet steemit isn't really profitable for investors.

Except for advertisers perhaps...

AMPs have value because of their use case for advertisers, but they also are valuable for a lot of other use cases.  One of those being content producers (aka musicians, artists, etc...) who will now be able to directly sell their content to the consumer without having to use middlemen (aka Spotify, iTunes, etc...).  AMPs are also the intermediary token for monetary transfers on the decentralized internet.  Want to send BTC or Fiat (a fiat token redeemable through a gateway service)?  The financial instrument that you send will be converted to AMPs, sent to the recipient, and reconverted into the currency of their choice on the fly.  Also, AMPs are the underlying token of the RChain.  AMPs will have plenty of uses on the decentralized internet and all the dApps and companies which will be utilizing it.

You guys do realize that the crowdsale buyers is losing money is not a good thing to Synereo, basically its because of their investment of 4.7M that there will be development....

If you're expecting a large return in the next week or two, it's probably not going to happen.  If you're willing to wait a little longer, I seriously think AMPs will easily hit $5 USD next year.  Synereo is leaps and bounds better than Ethereum and the full AMP distribution, in my estimate, is many, many years off.
Problem is, there are much more AMPs than ETH. Total supply:

1,680,400,000 AMP
     85,271,149 ETH

So there are almost 20 times more AMP than ETH.

Please do correct me if I am wrong!

Here's the Synereo AMP Finance GDoc: https://docs.google.com/spreadsheets/d/1r1G-ROS4vgHK84qfn1CBIxuXZQCCvIicCTQSxW1T_mo

As you can see, the total amount of AMPs on the market right now is ~63M.

The total amount of AMPs that can ever be issued is ~949M.

I expect another 26M will be issued from the just concluded crowdsale.  This puts the total float at 89M AMPs.  Probably around 14M AMPs out of the 949M will be burned, which will leave 935M.

Out of those 935M another 846M are left to be issued.  100M are the founders and will most likely be locked up until a substantial price increase happens.  Another 425.2M are allocated for future funding rounds.  There won't be another crowdsale for a year or a year and a half.  If only 44M AMPs were available this funding round the team has another ten years of funding rounds before this is exhausted.  This time only 59% of the 44M AMPs available in the crowdsale were sold.  Extrapolating that to the future, I expect 174.33M AMPs to be burnt before total disbursement which would put the cap at 760.66M AMPs.  The "bounty wallet", "content creator wallet", and "user rewards wallet" amount to a combined total of 290M, and again, fall under long term disbursement.  The situation now sits that there will only be 89M AMPs for the next year or more.  If you think they'll do another crowdsale yearly for ten years to fund development, you're looking at an increase of 67.16M per year.  If this project is even moderately successful, that's nothing.  Look at the marketcap of Ethereum.  It's at $1B.  Synereo is much better than Ethereum from a technological point of view.  Synereo is also much more marketable than Ethereum.  Even if Synereo just reaches $1B marketcap in two years (personally, I think it will go much higher, much sooner), you're looking at a total of 223.33M AMPs with a total market cap of $1B which means each AMP would be worth $4.47 USD.

Good analysis and great post.

+100


     
     

     
     
ccs5t
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October 24, 2016, 11:13:37 PM
 #2757

WHy is the price tanking then? This has been my worst alt yet
Diego24
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October 25, 2016, 12:12:49 AM
 #2758

WHy is the price tanking then? This has been my worst alt yet
Dude, learn to have patience. I am also invested in another coin that was also tanking. But since a few days it shot up and it still is. With AMP I expect the same. Silicon Valley has called this the superior blockchain ... better than even Ethereum. That means it has A LOT OF VALUE. Given that now it is worth only 0.15 $ I can only come to the conclusion it is extremely undervalued. But that doesn't mean it will shoot op tomorrow or next week. Maybe it takes months or a year, but my guess is that sooner or later it will shoot up. Patience is key though.
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October 25, 2016, 03:28:48 AM
 #2759

Patience guys! Even if 44k buyers lost about 50% of their investment value. Grin
Golftech
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October 25, 2016, 03:38:30 AM
 #2760

Patience guys! Even if 44k buyers lost about 50% of their investment value. Grin
that's huge but their are many coins like this even some known coin has  been acted like this so better to check and keep chasing this coin up to the bottom and make some buy entry so when price bounce back you can break even and holding some more,.

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