Quote from: sidhujag on March 23, 2015, 03:09:47 AM

Quote from: Elokane on March 23, 2015, 02:57:39 AM

Quote from: sidhujag on March 23, 2015, 02:50:45 AM

How did you come up with such a high valuation? Have you released a proof on concept? With most projects with such high initial marketcaps they are priced as a development project should be.. Room for 10x to 100x growth from ipo.. You think the risk reward competes by pricing it at 154amp per usd while releasing 1 billion coins? So after release you think the cap would be $0.154 billion? If not then why ask the ipo holders to foot the initial bill of development (thousands of btc)?

If you ask me there is innovation yes, hence my private pm to you which you seemed to have missed... But based on the specs id say as of right now it shouldnt be priced more 1540amps per usd.. 10x less then ehat you are asking and even that is stretching it. Maybe best to find angel investors outside of this community if you want 154 per since there is no mining on ipo.. Btw how does the network secure itself?

I'm sorry if I've missed your PM. I've been swamped! Let me take a look.

Check out the numbers in our whitepaper and let us know if you think there's room for X100-X1000 growth.
http://www.synereo.com/whitepapers/synereo.pdf#section.1.2

Keep in mind that this is a technology that's been in development for over 4 years, with millions of dollars invested.
We'll release a tech demo showcasing it soon.

Again innovative yes, but that doesnt mean anything.. You use the blockchain for amps but not for anythimg else which is fine, but all of that untested private code may have bugs stressing the underline structure or unforseen consequences. Its not proven and its already priced as a proven and usable product as turnkey.. At $0.15 billion its hard to be convinced without a community to review code and demos..

Is it open source? Is there commits going back 4.5 yrs to verify your claim.

So if it takes 5 yrs as aggressive timeline to take over facebook $200 billion then the price of each amp would be around $153 amp per usd with 1.3 billion coins.. And price would have to rise 5% per year.. See what im saying about risk reward? You think the price of each amp will be above $153usd within 5 years??. Seems to me its a case of someone having an innovative project but far too greedy..

Hello! Thanks for asking about the code! Here are the links to the open source repos.

https://github.com/leithaus/SpecialK/tree/master
https://github.com/rlamb/Agent-Service-ATI-IA/tree/cryptoRedo
https://github.com/leithaus/GLoSEval/tree/cryptoRedo
https://github.com/leithaus/agentui

The commit history doesn't tell the whole story because we migrated repos a couple of times, but it tells a lot of it. i'm happy to go over it with you. It's been in commercial use for about two years. Does it need refactoring? You bet! Are the bugs? Yes, come help us quash them!

i really like your thinking in trying to apply FB costs to AMP costs. It doesn't work out in practice, but it's great place to begin. First of all, a lot of cost goes into figuring out what works and what doesn't. That's sunk cost for FB that we don't face. (Pun gratefully accepted. ;-) (On the other hand, we quietly ate a lot of that cost for a lot of dead-end designs when it came to making the decentralized architecture work.) Secondly, FB began with some pretty backwards architecture and commitment to code practices, designs and platform choices that were all terrifically expensive. Again, we have the luxury of hindsight. That's a huge efficiency for us. Thirdly, we have something to accelerate our development that FB didn't avail themselves of -- a mathematical blueprint for how this works. Checkout our white paper to learn more. Fourthly, we don't have to take over FB all at once. We just have to build out the network to the point where it's self-sustaining, then network effects begin to kick in, as they do for any open source project that is successful. That's just some of the issue with the cost side of your analysis.

On the value generation side, AMPs and the attention economy have the potential to address the squeeze on the creative classes from journalists to musicians. Check out what world-class musicians like the California Guitar Trio and Tony Levin think about this idea. https://www.youtube.com/watch?v=qP3IRS0VaIY . Matt Black, of ColdCut and Ninja Tunes had a similar response. (https://www.youtube.com/watch?v=uwXqQ0QHKNk) And, he's putting his money where his mouth is. It also works as a much better platform for advertisers, cutting out the middle folk, and letting people be compensated for attending advertisement-based content, or opting out all together. Honestly, i don't know anyone who's done the economic analysis who doesn't think the value prop causes a significant rise in the value of AMPs. If, however, you see a different analysis, we are all ears. We are in this together and absolutely want to hear reasoned argumentation for every aspect of this offering.

In summary, we really appreciate your engagement! Skepticism is very welcome. We will do our very best to answer all of your questions to your satisfaction. So, keep them coming!

Love to all Beings,

--greg

CSO, Synereo