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

[extee]

I guess it was a last pump&dump before the crowdsale price is announced.
if it goes back to around 0.1$ (17k) I believe it is a fair price for now and a crowdsale price in that range would sure get a lot of interest.
I hope the crowdsale will be successful enough that they won't need any more crowdsales in the future, as this one already has hampered market prices for months.

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[hollandvan]

I guess it was a last pump&dump before the crowdsale price is announced.
if it goes back to around 0.1$ (17k) I believe it is a fair price for now and a crowdsale price in that range would sure get a lot of interest.
I hope the crowdsale will be successful enough that they won't need any more crowdsales in the future, as this one already has hampered market prices for months.

New crowdsales will harm the price definitely, maybe AMP will be pumped to da moon, and then crowdsale on expensive price, and price goes down.

[andreibi]

Bubble collapsing too soon?    Is there any community rep from Synereo team?

[bbc.reporter]

I have been reading about Synereo lately and I have a couple of questions. At first, I read that Synereo is something like a decentralized social network platform, something like Steemit but better according to some people. But I read recently that it is a platform capable of executing smart contracts. So what is Synereo? A smart contract platform or a social media platform? Did it pivot in the middle of the game?

From watching some hangouts and seeing what they have been talking about I think the project has expanded from its initial decentralised social media platform.

I would not compare Steemit. From the rewarding of the users its similar but this is a decentralised platform with about 2 years of R&D. This means the entire network operates without a central server. So I believe this is an entirely P2P system.

From what I have seen in hangouts Synereo had to build their own blockchain. I know Greg was working closely with Vitalik and Vlad from Ethereum but I think the issues they ran into was Ethereum was not capable of hosting this type of network. So they built their own POS blockchain.

So I would not say a pivot as the social media is here now. (or coming soon) but the project has grown in scope.

This is my take. Maybe someone can expand on this.

Synereo is a fully decentralized technology stack built upon SpecialK, which Greg has been developing for years, and will soon be integrated with a PoS blockchain capable of hosting dApps with superior protection than Ethereum/DAO.  The network's built in REO and attention economy model allow for an unprecedented social networking application to be built on top of this fully decentralized technology stack.  The social network is only one application out of many that can run, share data, and utilize the AMP PoS blockchain cross-platform on the tech stack.

TLDR: Synereo is everything you want. Synereo is everything you need.

Read this for more info: https://www.synereo.com/learn-more/

Ok I get it now. Synereo is a decentralized smart contract platform and the first dapp built on it is the social media application. Ok, I was a bit confused there at the beginning in what really happened. So they originally intended to use Ethereum as their base platform and they found out that it was not good enough for their needs so they created their own base platform for their decentralized social media?

Is that what happened? If yes then I am curious, what did they find in Ethereum that is not agreeable to their needs and what did they do in Synereo that makes it better?

#1 Once PoS is in place, you would have to be a moron to pay the $ETH gas fee when you could instead be building up your own PoS network where you own the gas fee coin. Ethereum is useful for a businesses looking to update their old contract system or for a DApp that barely uses $ETH gas in their system. It is not so useful for a social network where the complex back end contract system ends up being pretty much the entire system. You will need to have your own server running a node to use Synereo. Why not throw in your own blockchain? It seems stupid not to. Especially if you can build out a bigger network than Ethereum in the process.

#2 The dev of Synereo has a bunch of legacy code built in Scala that they want a blockchain integrated into. They want the blockchain programmed in Scala. Vitalik programs in Python. I do not follow Ethereum anymore. Does anyone know what language their PoS system will be programmed in?

#3 Ethereum is cool today but it will be garbage soon because solidity sucks. Synereo has a better way of programming smart contracts. They have formal verification and type checking. Ethereum has too much technical debt because of solidity. They now have to maintain solidity functionality is all their future released.




BTW if you did not know this yet, the Synereo dev was hired by Etheruem to teach Ethereum how to build their PoS blockchain. That should be an easy give away as to which blockchain will end up being better.

Thank you for the detailed explanation fart bags. I shall continue to follow Synereo now. I also did not know that a Synero dev is helping Ethereum drvs in their Casper POS. I heard a rumor that Casper will not work according to GMaxwell and Adam Back and Vitalik himself knows this so they think Casper will not be released. What is your comment on this?

[LitcoinCollector]

Doing a second crowdsale after the actual coin (AMP) is already on the exchange? 

[DecentralizeEconomics]

I have been reading about Synereo lately and I have a couple of questions. At first, I read that Synereo is something like a decentralized social network platform, something like Steemit but better according to some people. But I read recently that it is a platform capable of executing smart contracts. So what is Synereo? A smart contract platform or a social media platform? Did it pivot in the middle of the game?

From watching some hangouts and seeing what they have been talking about I think the project has expanded from its initial decentralised social media platform.

I would not compare Steemit. From the rewarding of the users its similar but this is a decentralised platform with about 2 years of R&D. This means the entire network operates without a central server. So I believe this is an entirely P2P system.

From what I have seen in hangouts Synereo had to build their own blockchain. I know Greg was working closely with Vitalik and Vlad from Ethereum but I think the issues they ran into was Ethereum was not capable of hosting this type of network. So they built their own POS blockchain.

So I would not say a pivot as the social media is here now. (or coming soon) but the project has grown in scope.

This is my take. Maybe someone can expand on this.

Synereo is a fully decentralized technology stack built upon SpecialK, which Greg has been developing for years, and will soon be integrated with a PoS blockchain capable of hosting dApps with superior protection than Ethereum/DAO.  The network's built in REO and attention economy model allow for an unprecedented social networking application to be built on top of this fully decentralized technology stack.  The social network is only one application out of many that can run, share data, and utilize the AMP PoS blockchain cross-platform on the tech stack.

TLDR: Synereo is everything you want. Synereo is everything you need.

Read this for more info: https://www.synereo.com/learn-more/

Ok I get it now. Synereo is a decentralized smart contract platform and the first dapp built on it is the social media application. Ok, I was a bit confused there at the beginning in what really happened. So they originally intended to use Ethereum as their base platform and they found out that it was not good enough for their needs so they created their own base platform for their decentralized social media?

Is that what happened? If yes then I am curious, what did they find in Ethereum that is not agreeable to their needs and what did they do in Synereo that makes it better?

#1 Once PoS is in place, you would have to be a moron to pay the $ETH gas fee when you could instead be building up your own PoS network where you own the gas fee coin. Ethereum is useful for a businesses looking to update their old contract system or for a DApp that barely uses $ETH gas in their system. It is not so useful for a social network where the complex back end contract system ends up being pretty much the entire system. You will need to have your own server running a node to use Synereo. Why not throw in your own blockchain? It seems stupid not to. Especially if you can build out a bigger network than Ethereum in the process.

#2 The dev of Synereo has a bunch of legacy code built in Scala that they want a blockchain integrated into. They want the blockchain programmed in Scala. Vitalik programs in Python. I do not follow Ethereum anymore. Does anyone know what language their PoS system will be programmed in?

#3 Ethereum is cool today but it will be garbage soon because solidity sucks. Synereo has a better way of programming smart contracts. They have formal verification and type checking. Ethereum has too much technical debt because of solidity. They now have to maintain solidity functionality is all their future released.




BTW if you did not know this yet, the Synereo dev was hired by Etheruem to teach Ethereum how to build their PoS blockchain. That should be an easy give away as to which blockchain will end up being better.

Do you have a source on this? This is pretty interesting news. I know the Synereo team is very advanced and little is known what they are building. I have heard that they will likely be the first PoS blockchain on the market.

If you watch the hangout sessions on YouTube and read their blog posts all this information is old knowledge.  They lay it all out for everyone to see and are extremely transparent on their motivations and progress.

[DecentralizeEconomics]

I have been reading about Synereo lately and I have a couple of questions. At first, I read that Synereo is something like a decentralized social network platform, something like Steemit but better according to some people. But I read recently that it is a platform capable of executing smart contracts. So what is Synereo? A smart contract platform or a social media platform? Did it pivot in the middle of the game?

From watching some hangouts and seeing what they have been talking about I think the project has expanded from its initial decentralised social media platform.

I would not compare Steemit. From the rewarding of the users its similar but this is a decentralised platform with about 2 years of R&D. This means the entire network operates without a central server. So I believe this is an entirely P2P system.

From what I have seen in hangouts Synereo had to build their own blockchain. I know Greg was working closely with Vitalik and Vlad from Ethereum but I think the issues they ran into was Ethereum was not capable of hosting this type of network. So they built their own POS blockchain.

So I would not say a pivot as the social media is here now. (or coming soon) but the project has grown in scope.

This is my take. Maybe someone can expand on this.

Synereo is a fully decentralized technology stack built upon SpecialK, which Greg has been developing for years, and will soon be integrated with a PoS blockchain capable of hosting dApps with superior protection than Ethereum/DAO.  The network's built in REO and attention economy model allow for an unprecedented social networking application to be built on top of this fully decentralized technology stack.  The social network is only one application out of many that can run, share data, and utilize the AMP PoS blockchain cross-platform on the tech stack.

TLDR: Synereo is everything you want. Synereo is everything you need.

Read this for more info: https://www.synereo.com/learn-more/

Ok I get it now. Synereo is a decentralized smart contract platform and the first dapp built on it is the social media application. Ok, I was a bit confused there at the beginning in what really happened. So they originally intended to use Ethereum as their base platform and they found out that it was not good enough for their needs so they created their own base platform for their decentralized social media?

Is that what happened? If yes then I am curious, what did they find in Ethereum that is not agreeable to their needs and what did they do in Synereo that makes it better?

#1 Once PoS is in place, you would have to be a moron to pay the $ETH gas fee when you could instead be building up your own PoS network where you own the gas fee coin. Ethereum is useful for a businesses looking to update their old contract system or for a DApp that barely uses $ETH gas in their system. It is not so useful for a social network where the complex back end contract system ends up being pretty much the entire system. You will need to have your own server running a node to use Synereo. Why not throw in your own blockchain? It seems stupid not to. Especially if you can build out a bigger network than Ethereum in the process.

#2 The dev of Synereo has a bunch of legacy code built in Scala that they want a blockchain integrated into. They want the blockchain programmed in Scala. Vitalik programs in Python. I do not follow Ethereum anymore. Does anyone know what language their PoS system will be programmed in?

#3 Ethereum is cool today but it will be garbage soon because solidity sucks. Synereo has a better way of programming smart contracts. They have formal verification and type checking. Ethereum has too much technical debt because of solidity. They now have to maintain solidity functionality is all their future released.




BTW if you did not know this yet, the Synereo dev was hired by Etheruem to teach Ethereum how to build their PoS blockchain. That should be an easy give away as to which blockchain will end up being better.

Do you have a source on this? This is pretty interesting news. I know the Synereo team is very advanced and little is known what they are building. I have heard that they will likely be the first PoS blockchain on the market.

If you watch the hangout sessions on YouTube and read their blog posts all this information is old knowledge.  They lay it all out for everyone to see and are extremely transparent on their motivations and progress.

I think Synereo is the best kept secret in crypto. I will need to dig into more shows.

I think you are right.  Synereo imo is the next big thing.

[alexjonescrypto]

I saw a comparison today that listed Synereo social network is comparable to Facebook. I just dont think it does justice from my knowledge of the network.  I think comparing a decentralised network to any centralised service is not going to do justice.

http://slack.synereo.com/

[RavenBitcoins]

Is the coming crowdsale going to be an ICO, or another type of crowdfunding. I have read some of the documentation and very interested. Just not sure to buy in now or the crowdsale. I will assume there is an incentive to buy in through the crowdsale?

[TrueAnon]

Great things I'm hearing, very good news.
Looking fwd to next few months.

LOL assholes filled up sell side (on bittrex) now, it was so slim up until yesterday!  The coin had no resistance after 100k sats, but now it's more loaded up.  Thanks "whales" and your pump and suppression games. Ugh.  No matter!!! 

[Synereo_zh]

Is the coming crowdsale going to be an ICO, or another type of crowdfunding. I have read some of the documentation and very interested. Just not sure to buy in now or the crowdsale. I will assume there is an incentive to buy in through the crowdsale?

We will make a more official announcement as soon as we can. We are just getting everything cleared currently.

[polick]

I am trying to enter a cartoon for the cartoon contest. https://blog.synereo.com/2016/08/16/the-synereo-cartoon-contest/

Where do I enter?

[The Bitcoin Co-op]

I saw a comparison today that listed Synereo social network is comparable to Facebook. I just dont think it does justice from my knowledge of the network.  I think comparing a decentralised network to any centralised service is not going to do justice.

http://slack.synereo.com/

Don't think of it as a comparison. Think of it as a comparison and contrast. Synereo's social layer is like Facebook in the service it provides, but it provides it with a more effective algorithm and in a decentralized manner. It is superior, like automobiles to horses or emails to letters.

[Erik Goff]

I am trying to enter a cartoon for the cartoon contest. https://blog.synereo.com/2016/08/16/the-synereo-cartoon-contest/

Where do I enter?

There is a thread for it here: https://bitcointalk.org/index.php?topic=1589232.0
Only 3 different people posted sofar.
c'mon guys, get creative !

[polick]

I am trying to enter a cartoon for the cartoon contest. https://blog.synereo.com/2016/08/16/the-synereo-cartoon-contest/

Where do I enter?

There is a thread for it here: https://bitcointalk.org/index.php?topic=1589232.0
Only 3 different people posted sofar.
c'mon guys, get creative !

Thanks. Well now I need to re-think my submission 

[Joint Force]

I saw a comparison today that listed Synereo social network is comparable to Facebook. I just dont think it does justice from my knowledge of the network.  I think comparing a decentralised network to any centralised service is not going to do justice.

http://slack.synereo.com/

Don't think of it as a comparison. Think of it as a comparison and contrast. Synereo's social layer is like Facebook in the service it provides, but it provides it with a more effective algorithm and in a decentralized manner. It is superior, like automobiles to horses or emails to letters.

One thing that's becoming clear to me with blockchains and decentralization is that users can now own their digital assets and content. As social networks move more towards augmented reality it will be important to own your digital assets as they become more integrated into the physical world.

[Maksim Popov]

Is it true that Synereo gonna have another ico?
With already existed AMP coin that already on Polo?

[Elokane]

The campaign will allow people to invest in Synereo LTD directly, getting equity, or purchase AMPs.

Purchasing AMPs directly from Synereo rather than from the market supports the project and allows Synereo to create real value -- the technology and applications that allow AMPs to be backed by user resources and attention on the network.
There will be other benefits that we will detail soon, before the sale starts.

[xtester]

The campaign will allow people to invest in Synereo LTD directly, getting equity, or purchase AMPs.

Purchasing AMPs directly from Synereo rather than from the market supports the project and allows Synereo to create real value -- the technology and applications that allow AMPs to be backed by user resources and attention on the network.
There will be other benefits that we will detail soon, before the sale starts.

Since alpha launch is so close, perceived risk is significantly lower and you will offer additional benefits through the sale, I assume that the price at which you sell will be considerably higher than current market price. That is, if you want to avoid market distortion and investor burnout. I suspect 40k -50k sats would be a minimal reasonable spot.

Can you share any info on that?

[DecentralizeEconomics]

The campaign will allow people to invest in Synereo LTD directly, getting equity, or purchase AMPs.

Purchasing AMPs directly from Synereo rather than from the market supports the project and allows Synereo to create real value -- the technology and applications that allow AMPs to be backed by user resources and attention on the network.
There will be other benefits that we will detail soon, before the sale starts.

Since alpha launch is so close, perceived risk is significantly lower and you will offer additional benefits through the sale, I assume that the price at which you sell will be considerably higher than current market price. That is, if you want to avoid market distortion and investor burnout. I suspect 40k -50k sats would be a reasonable spot. Can you share any info on that?

Personally, I think it's heading to 40-50k too before the crowdsale starts, but that's just my opinion.  50k per AMP puts it at 2000 AMPs per Bitcoin, which is double what people who participated in Ethereum received.