[ANN] AMP - The Currency That Powers Your Attention On Synereo

[Weltumschauung]

I just bought about 2K of AMP via Poloniex. Transacted in about 15 min. Not bad. Not sure why others were experiencing such slow wait times.

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[wtfonly16]

how the fuk do i mine this shit

[eastwind_ja]

how would the dev team do with the unsold 1.5 billion coins ?

[Delawer]

Tantestefana2 some questions I know the answer :

"I'm also wondering if Synereo LTD is in full control of this product." .
no, the controls is driven by he people who builds it. Anyone can contribuite to build.

"  Why isn't this made to be run by the users.  Voting granted to either the "coin" owners of the project in proportion to what they own, or else to those who run the network would have been a stronger foundation." .
 Users will run it, voting if one of the keypoints we are working on right now.

"Anyway, good luck on this project.  I'd like to see something like this made, but more open, with a sustainable way to pay for future developments." -
This is working right now, is totally open transparent and clear.

"I don't know how that can work with a pile of tokens sitting in a single wallet.  BTW, is that safe?  Who owns the key?   It's all too centralized for my tastes, but good luck to you all." -
That is just not true, is distribuited and safe. People is already now making the economy flow.

[Odsejen]

how the fuk do i mine this shit

you can't mine it.

[SynereoCommunity]

is synereo up and running? Can i use its social media platform?

No, not yet.  Beta is coming soon.


[mj]

[SynereoCommunity]

Or does each user have to run a wallet/server where they run their own content on the network, thus receive payment for their node?  

No.  Many users will stand up Nodes, and they will receive (TBD, so don't ask) benefits for that.  
Other "normal people" can just use like any site.


[mj]

[SynereoCommunity]

I don't know, the more I read the white paper, the more sketchy this project seems.
>>
 I skimmed the white paper, I don't have time to read slowly..

Take your time, there is no rush!

Even after reading the white paper 2 or 3 times, you will have questions.  

Not sure about your "30 months" question, but yes, there are funds available in the plan to
continue developing and maintaining.

Read the "more info" sections on the main web page, it should give you a quick, good explanation of things.

synereo.com

We are also working on short simple versions for several topics.


[mj]

[MadCow]

AMP's @ 30k sats, congratulations to the Synereo dev team. I've sold a fraction but will HODL a long while now.

[ArpFlush]

AMP's @ 30k sats, congratulations to the Synereo dev team. I've sold a fraction but will HODL a long while now.

I think 80K is possible in short term, keep on hodling 

[MadCow]

AMP's @ 30k sats, congratulations to the Synereo dev team. I've sold a fraction but will HODL a long while now.

I think 80K is possible in short term, keep on hodling 

I agree 80K is possible, and more. I just sold the excess to round down to a nice whole number

[kame]

I see several 100000AMP Sell orders in Polo.

Who can be hold such amount though market just open???

dev? or who else?
 

[wosch76]

I see several 100000AMP Sell orders in Polo.

Who can be hold such amount though market just open???

dev? or who else?
 

someone who bought long before it hitted Polo

[TanteStefana2]

Tantestefana2 some questions I know the answer :

"I'm also wondering if Synereo LTD is in full control of this product." .
no, the controls is driven by he people who builds it. Anyone can contribuite to build.

"  Why isn't this made to be run by the users.  Voting granted to either the "coin" owners of the project in proportion to what they own, or else to those who run the network would have been a stronger foundation." .
 Users will run it, voting if one of the keypoints we are working on right now.

"Anyway, good luck on this project.  I'd like to see something like this made, but more open, with a sustainable way to pay for future developments." -
This is working right now, is totally open transparent and clear.

"I don't know how that can work with a pile of tokens sitting in a single wallet.  BTW, is that safe?  Who owns the key?   It's all too centralized for my tastes, but good luck to you all." -
That is just not true, is distribuited and safe. People is already now making the economy flow.

Thanks for your answers.  The last one, I was referencing the 45% of the coins stated to be in a wallet, which will be released when a 3rd party has determined certain conditions are met.  It's so vague and weird - I just don't get it, and don't know how they will choose this 3rd party?  Also, if all the coins are held in a wallet, someone must have controls over the keys, no?

I guess this from the OP is a little bit more clear on how it works than the white paper:

Wallets holding AMPs designed to be released at a later date will be locked such that an outside evaluator has to certify that the
conditions for their release has been met. AMPs locked in that manner include:

    AMPs used to reward users who migrate to Synereo.
    AMPs awarded to content creators.
    AMPs awarded to Synereo founders.
    AMPs kept for future funding rounds. These AMPs can only be released if and when we do another crowdsale or when accepting
    an investment.

Anyway, thanks for your time

Also, thank you for your help, SynereoCommunity

[eastwind_ja]

AMP's @ 30k sats, congratulations to the Synereo dev team. I've sold a fraction but will HODL a long while now.

I think 80K is possible in short term, keep on hodling 

but how to do with more than 1.5 billion unsold coins that were kept by dev team?   

[MadCow]

AMP's @ 30k sats, congratulations to the Synereo dev team. I've sold a fraction but will HODL a long while now.

I think 80K is possible in short term, keep on hodling 

but how to do with more than 1.5 billion unsold coins that were kept by dev team?   

don't most of those AMP get distributed to the users of the social network? I think a second IPO to raise more dev funds might have been mentioned also

[danystatic]

So I created an Amazon Synereo AMI
but it said point and click and good to go, but after the image is created
what should I do?
where are the instructions?
the image CPU processes are at 0%
$top
iB Mem:   1017480 total,   551844 used,   465636 free,    15544 buffers
KiB Swap:        0 total,        0 used,        0 free,   223020 cached

  PID USER      PR  NI  VIRT  RES  SHR S  %CPU %MEM    TIME+  COMMAND           
 1025 mongodb   20   0 2140m  33m 7088 R   0.3  3.3   0:05.11 mongod           
 1970 ubuntu    20   0 19228 1364 1000 R   0.3  0.1   0:00.08 top               
    1 root      20   0 26792 2596 1416 S   0.0  0.3   0:00.98 init             
    2 root      20   0     0    0    0 S   0.0  0.0   0:00.00 kthreadd         
    3 root      20   0     0    0    0 S   0.0  0.0   0:00.12 ksoftirqd/0

[Elokane]

Tantestefana2 some questions I know the answer :

"I'm also wondering if Synereo LTD is in full control of this product." .
no, the controls is driven by he people who builds it. Anyone can contribuite to build.

"  Why isn't this made to be run by the users.  Voting granted to either the "coin" owners of the project in proportion to what they own, or else to those who run the network would have been a stronger foundation." .
 Users will run it, voting if one of the keypoints we are working on right now.

"Anyway, good luck on this project.  I'd like to see something like this made, but more open, with a sustainable way to pay for future developments." -
This is working right now, is totally open transparent and clear.

"I don't know how that can work with a pile of tokens sitting in a single wallet.  BTW, is that safe?  Who owns the key?   It's all too centralized for my tastes, but good luck to you all." -
That is just not true, is distribuited and safe. People is already now making the economy flow.

Thanks for your answers.  The last one, I was referencing the 45% of the coins stated to be in a wallet, which will be released when a 3rd party has determined certain conditions are met.  It's so vague and weird - I just don't get it, and don't know how they will choose this 3rd party?  Also, if all the coins are held in a wallet, someone must have controls over the keys, no?

I guess this from the OP is a little bit more clear on how it works than the white paper:

Wallets holding AMPs designed to be released at a later date will be locked such that an outside evaluator has to certify that the
conditions for their release has been met. AMPs locked in that manner include:

    AMPs used to reward users who migrate to Synereo.
    AMPs awarded to content creators.
    AMPs awarded to Synereo founders.
    AMPs kept for future funding rounds. These AMPs can only be released if and when we do another crowdsale or when accepting
    an investment.

Anyway, thanks for your time

Also, thank you for your help, SynereoCommunity

https://docs.google.com/document/d/1zLBm8OHt5-81flihJ6iSKEm0WbRa6FL0mJ5ivBN34Po/edit

[SynereoCommunity]

Greg and Dor having fun in the NYC Blockchain pre-conference Workshop





More tomorrow - check out the live feed on https://www.twitch.tv/synereo all day.


[mj]

[koryu]

Hi,
i am a bit confused how many amps are available right now and what the total supply is. And how the inflation works after and before all AMPs are distributed.

I saw this on  https://coinmarketcap.com/assets/synereo/

Available Supply: 184,800,000 AMP
Total Supply 1,680,400,000 AMP

but I've read in first post:

Crowdsale Wallet (369,600,000 AMPs)
User Reward Wallet (200,000,000 AMPs)
Content Creator Wallet (150,000,000 AMPs)
Founder Reward Wallet (200,000,000 AMPs)
Bounty Wallet (230,000,000 AMPs)
Future Funding Wallet (850,400,000 AMPs)

If i sum up these wallets i get 2,000,000,000 AMPs not 1,680,400,000.
With the crowdsale there should already be 369,600,000 AMPs available, so is the coinmarketcap info wrong (Available Supply: 184,800,000 AMP)?
After all AMPs are distributed the yearly increase is capped at 5%, right? Or the inflation starts before?

thx for your help!