Post
Topic
Board Announcements (Altcoins)
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
by
Jesse Livermore
on 23/03/2015, 04:11:54 UTC
What an amazing innovation this project could be....but alas there are too many issues / red flags arising here:

1) you keep referring to having to okay things with your "trust", who is anonymous and whom you led us to assume gave you guys $1.1 million in initial funding out of the goodness of their hearts.
BULLSHIT and major RED FLAG.
This " trust " means you're not decentralized and there are shadowy figures behind the curtain who are truly running the show.
You can go ahead and post photos and names of your devs but without also doing the same with each member of this "trust" it doesn't mean a thing.

2) you mention there will be other funding rounds in the future...RED FLAG.
While I can see why you would choose to do this you are diluting all AMPs for current investors.

3) you mention that if you don't reach 18% of funding goals with this "round 1" beginning tomorrow you'll either close shop or the leftover % will go back to the overall total and you'll have to make do? What's the absolute minimum you need?
Also, since you've posted everything to github already, what's keeping we investors from giving you the shaft and instead waiting for another top-notch Dev team from developing their own Synereo without your shadowy "trust" and with mining available and no ICO bs

Overall I read the ANN for Synereo, got excited for this idea, but then realized that you guys are answering not to yourselves or THE COMMUNITY but rather to a shadowy "trust", who could very well be among the top advertising companies in the world or could be Facebook or could be the NSA.
You guys are really fucking smart, yes, but you're going about this in a very idiotic fashion, doomed for quick failure because you don't know this community.

JL