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

[Piston Honda]

man, AMP is like the biggest whore in the brothels of india or thailand just being raped over and over and over again.

[1713895468]

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[DefendKebab]

Wow, just when you think it's bottomed out, it dumps again

Crew is dumping on your face ,  you had a chance te sell at 20 k but believed the shills and lies from team.

[leigh2k14]

HODL altcoins ... you sure ?

https://www.reddit.com/r/Bitcoin/comments/6tfxq4/how_i_fucked_up_and_turned_600_btc_into_200_btc/

Bet when the alts start to boom, he'll get most of that back.

[DefendKebab]

No way someone buys 600 bitcoin at 2700 dollar and then put all his BTC in shady altcoins , you can't be that stupid.

[cchub]

No way someone buys 600 bitcoin at 2700 dollar and then put all his BTC in shady altcoins , you can't be that stupid.

...shady coins that even devs believe are overpriced at 5k sats and announced they decided to start selling them under certain uncertain circumstances.

[cchub]

A copy from slack

Synereo has 60 000 000 amps in founder reward wallet.

Bellow is an announcement from Synereo slack:

"Dear all,
Synereo’s founders have been working on decentralized, liberated attention economy solutions since 2014. During these past 3+ years, we’ve been completely transparent with how the AMP tokens we have issued were used at every step, and have committed to continuing doing so even with our own personal allocations.
https://docs.google.com/…/1r1G-ROS4vgHK84qfn1CBIxuXZQ…/edit…
These founder AMPs, vested over 3 years, have never been sold to date. Unlike other projects in the space, we believed that we had to back our claims and promises with real, working, and useful products before allowing ourselves to benefit personally in any way.
With today’s release, and with our conviction in the strength of our upcoming offerings, we now feel comfortable enjoying this benefit of the space we operate in, where developers who work diligently can begin enjoying the fruits of their labor and the faith of their communities through their hard-earned tokens.
The Synereo founders are going to release AMPs from the founder wallet for the first time. We will:
1) Sell very small proportions of what we own, which you can track at the linked doc
2) *Only sell to private buyers OTC, NOT on open exchanges*
3) Only sell to those who believe in the long-term prospects of the project
4) Only sell during times of price increases
Our community has placed great trust in us with our use of AMPs so far, and we trust that you will continue doing so – especially as we persist in being 100% transparent with our use of them.
We thank you for this opportunity and hope that you find even greater benefit in our offerings.
-- Dor and Andy"

Is this serious?

1) Sell very small proportions of what we own, which you can track at the linked doc What does "very small proportions" really mean? Maybe 5%? That would be a very small proportion, but still a huge dump of 10 million AMPs or more.
2) *Only sell to private buyers OTC, NOT on open exchanges* What difference does it make? Private buyers can dump in the market right after that and even profit from it, depending on the price they paid in the bulk OTC purchase... funny this sentence was in between **, probably meaning it was written in bold OMG!
3) Only sell to those who believe in the long-term prospects of the project Could it be more vague? Whoever the buyer is, this sentence will always sound appropriate, considering the buyer is buying, not selling...
4) Only sell during times of price increases Just like today, when it rose from 5300 sats to 5800 sats?

[scamalert0]

A copy from slack

Synereo has 60 000 000 amps in founder reward wallet.

Bellow is an announcement from Synereo slack:

"Dear all,
Synereo’s founders have been working on decentralized, liberated attention economy solutions since 2014. During these past 3+ years, we’ve been completely transparent with how the AMP tokens we have issued were used at every step, and have committed to continuing doing so even with our own personal allocations.
https://docs.google.com/…/1r1G-ROS4vgHK84qfn1CBIxuXZQ…/edit…
These founder AMPs, vested over 3 years, have never been sold to date. Unlike other projects in the space, we believed that we had to back our claims and promises with real, working, and useful products before allowing ourselves to benefit personally in any way.
With today’s release, and with our conviction in the strength of our upcoming offerings, we now feel comfortable enjoying this benefit of the space we operate in, where developers who work diligently can begin enjoying the fruits of their labor and the faith of their communities through their hard-earned tokens.
The Synereo founders are going to release AMPs from the founder wallet for the first time. We will:
1) Sell very small proportions of what we own, which you can track at the linked doc
2) *Only sell to private buyers OTC, NOT on open exchanges*
3) Only sell to those who believe in the long-term prospects of the project
4) Only sell during times of price increases
Our community has placed great trust in us with our use of AMPs so far, and we trust that you will continue doing so – especially as we persist in being 100% transparent with our use of them.
We thank you for this opportunity and hope that you find even greater benefit in our offerings.
-- Dor and Andy"

Is this serious?

1) Sell very small proportions of what we own, which you can track at the linked doc What does "very small proportions" really mean? Maybe 5%? That would be a very small proportion, but still a huge dump of 10 million AMPs or more.
2) *Only sell to private buyers OTC, NOT on open exchanges* What difference does it make? Private buyers can dump in the market right after that and even profit from it, depending on the price they paid in the bulk OTC purchase... funny this sentence was in between **, probably meaning it was written in bold OMG!
3) Only sell to those who believe in the long-term prospects of the project Could it be more vague? Whoever the buyer is, this sentence will always sound appropriate, considering the buyer is buying, not selling...
4) Only sell during times of price increases Just like today, when it rose from 5300 sats to 5800 sats?

DOR IS SCAMMER  . HIS TEAM IS SCAMMING DUMPING 60MILON FREE COINS TO THE MARKET

[nob0dy]

why selling at this situation?

why not burning?


AMP is already the most worst performing coin of the year. Or of all ALTs?

[Diego24]

HODL altcoins ... you sure ?

https://www.reddit.com/r/Bitcoin/comments/6tfxq4/how_i_fucked_up_and_turned_600_btc_into_200_btc/

Bet when the alts start to boom, he'll get most of that back.

Stop telling yourself fairytales. I took 1 btc from AMP, actively traded it to 10 btc. Then stopped active trading and hold alts. Now it reduced to 3.5 btc. Holding alts is not profitable. You focus too much on the few examples that would have been beneficial to hold. But for majority of alts holding them would have screwed you over. Only 2 coins are worth holding: btc and eth.

[mv1986]

I think you are certainly going to miss out on a lot of growth potential. Some of the alts have very genuine concepts to offer that BTC can't bring about. And it is very viable to believe that ETH won't be the only blockchain to rule them all. As of now, everything in crypto is dependent on BTC, but as crypto starts to change everything surrounding it, there will also be changes to the patterns within crypto itself. Diversifying can't be bad because you never know when the next alt is going to make an ETH.

[kryptoyz]

And this is THE announcement they're talking about.
https://blog.synereo.com/2017/08/14/8000-amps-free-weekly-wildspark-leaderboard/

Bad time for alts. Long HOLD mode on!

[Diego24]

I think you are certainly going to miss out on a lot of growth potential. Some of the alts have very genuine concepts to offer that BTC can't bring about. And it is very viable to believe that ETH won't be the only blockchain to rule them all. As of now, everything in crypto is dependent on BTC, but as crypto starts to change everything surrounding it, there will also be changes to the patterns within crypto itself. Diversifying can't be bad because you never know when the next alt is going to make an ETH.

You also don't know which Alt is going to screw you over. And given the fact that 95 % of alts will screw you over, statistically it makes no sense to try to gamble your money to try to guess which Alt is going to be the next ethereum. I will miss the next ethereum by not gambling on it. But you Will probably miss it too.

[WildSparker]

Once my sparks go wild, I'll let you know!

[mv1986]

I think you are certainly going to miss out on a lot of growth potential. Some of the alts have very genuine concepts to offer that BTC can't bring about. And it is very viable to believe that ETH won't be the only blockchain to rule them all. As of now, everything in crypto is dependent on BTC, but as crypto starts to change everything surrounding it, there will also be changes to the patterns within crypto itself. Diversifying can't be bad because you never know when the next alt is going to make an ETH.

You also don't know which Alt is going to screw you over. And given the fact that 95 % of alts will screw you over, statistically it makes no sense to try to gamble your money to try to guess which Alt is going to be the next ethereum. I will miss the next ethereum by not gambling on it. But you Will probably miss it too.

You are constantly implying or assuming things that are totally unfounded. Why would you know that I go all in on Altcoins? I do possess BTC, I do posses ETH, and I do posses a variety of other coins. And believe it or not, most of the money I made came from Alts. ETH alone gave me a 1000x. When I entered the crypto scene, BTC was at $60. Now we are on a good way, but I think it's quite some time to pass until BTC will reach $60,000. Or take Blocknet, for example, or Monero, or, or, or.... As long as you don't gamble your money on serious shitcoins with no team behind them, you made 100x and more on solid alts during the last 12 months. I am not sure what you did over the course of the last year, but I made xxx on my Alts just by not touching them anymore. What is the point you are trying to make?

[Diego24]

You are constantly implying or assuming things that are totally unfounded. Why would you know that I go all in on Altcoins? I do possess BTC, I do posses ETH, and I do posses a variety of other coins.

Where did I say you have no BTC or ETH ? Looks like you are the one making assumptions.

And believe it or not, most of the money I made came from Alts. ETH alone gave me a 1000x. When I entered the crypto scene, BTC was at $60.

Something doesn't add up here. So you made most gains with Alts but you focus on your gains with ETH and BTC. So what you are basically doing here is confirming what I say in my previous post ... hold BTC and ETH. You just won the lottery with ETH.

Or take Blocknet, for example, or Monero, or, or, or.... As long as you don't gamble your money on serious shitcoins with no team behind them, you made 100x and more on solid alts during the last 12 months. I am not sure what you did over the course of the last year, but I made xxx on my Alts just by not touching them anymore. What is the point you are trying to make?

No, if you are still holding your alts, you made nothing. You only make money in BTC terms if you take profits in BTC. Monero is really going down hard in BTC terms. Have a look at the chart. If it keeps going down at this pace, it will even go down before its big rise when it was adopted in the dark market. And this is even one of the top coins. Have a look at ETC. It almost lost everything it has ever gained in BTC terms. Zcash is almost at its lowest point ever. ... The point I am trying to make is that these coins soared in BTC terms during the BTC segwit debacle. Holding did make sense. But now with the problems resolved BTC is soaring and destroying the alts. I am not saying the alts will not go up in $ price. But they will almost all go down in BTC price. Sure blocknet is up now. Lets see in 3 months if it is still up.

[mv1986]

You are constantly implying or assuming things that are totally unfounded. Why would you know that I go all in on Altcoins? I do possess BTC, I do posses ETH, and I do posses a variety of other coins.

Where did I say you have no BTC or ETH ? Looks like you are the one making assumptions.

And believe it or not, most of the money I made came from Alts. ETH alone gave me a 1000x. When I entered the crypto scene, BTC was at $60.

Something doesn't add up here. So you made most gains with Alts but you focus on your gains with ETH and BTC. So what you are basically doing here is confirming what I say in my previous post ... hold BTC and ETH. You just won the lottery with ETH.

Or take Blocknet, for example, or Monero, or, or, or.... As long as you don't gamble your money on serious shitcoins with no team behind them, you made 100x and more on solid alts during the last 12 months. I am not sure what you did over the course of the last year, but I made xxx on my Alts just by not touching them anymore. What is the point you are trying to make?

No, if you are still holding your alts, you made nothing. You only make money in BTC terms if you take profits in BTC. Monero is really going down hard in BTC terms. Have a look at the chart. If it keeps going down at this pace, it will even go down before its big rise when it was adopted in the dark market. And this is even one of the top coins. Have a look at ETC. It almost lost everything it has ever gained in BTC terms. Zcash is almost at its lowest point ever. ... The point I am trying to make is that these coins soared in BTC terms during the BTC segwit debacle. Holding did make sense. But now with the problems resolved BTC is soaring and destroying the alts. I am not saying the alts will not go up in $ price. But they will almost all go down in BTC price. Sure blocknet is up now. Lets see in 3 months if it is still up.

Thanks for your detailed explanations. I'll stick to my own strategy, which is different from yours. And believe it or not, I am deep in AMP. And I might go deeper. Regardless of what someone like you thinks or says. People like you are present in every single thread on this forum. You spam those threads with useless stuff, over and over and over again. AMP doesn't try to solve what Bitcoin solves. They serve different purposes. While there is still an economic/financial connection between those two "coins", those connections will become thinner and thinner in the future and the purposes of coins or blockchains will be the primary price driver in the future. Right now, everyone looks at Bitcoin in order to make judgments for Altcoins. It won't remain like that forever. Once interblockchain communication becomes full reality, things will change for sure.

[Diego24]

Thanks for your detailed explanations.

You are welcome.

I'll stick to my own strategy, which is different from yours.

I never said you should change strategy.

And believe it or not, I am deep in AMP.

Given the way you react, I totally believe you.

And I might go deeper.

Good luck.

People like you are present in every single thread on this forum. You spam those threads with useless stuff, over and over and over again.

Luckily the thread has you for providing gold content.

AMP doesn't try to solve what Bitcoin solves. They serve different purposes.

Wow, seriously ? I didn't know that. You add true value to this thread.

While there is still an economic/financial connection between those two "coins", those connections will become thinner and thinner in the future and the purposes of coins or blockchains will be the primary price driver in the future. Right now, everyone looks at Bitcoin in order to make judgments for Altcoins. It won't remain like that forever. Once interblockchain communication becomes full reality, things will change for sure.

You are right. Very soon hedgefunds and big banks will be pouring billions in alts. Bitcoin's days are numbered.

[cchub]

And this is THE announcement they're talking about.
https://blog.synereo.com/2017/08/14/8000-amps-free-weekly-wildspark-leaderboard/

Bad time for alts. Long HOLD mode on!

8,000 AMPs for the most active WildSpark users. First prize is 3,000.

After the multi-level marketing (MLM, a pyramid concept), now Synereo is taking one step further and started a non-zero sum sequential game in which players with perfect information in the game are compelled to make an ultimately irrational decision based completely on a sequence of apparently rational choices made throughout the game.

Be careful not to amplify a lot in order to get the prize and end up in the famous "1$ Auction" and lose lots of money.

[Figatko]

Once my sparks go wild, I'll let you know!

OK I'd like to know.

[cchub]

Next support around 3k satoshis. At that level we may see some buying activity (price increase). According to the team statement in Slack, they may sell a very small proportion of what they own (as far as I remember 200 million AMPs).