Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
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..
Jag,
$1.2M is the bare-minimum to be able to develop an application as a part of the complex project you see before you.
How much would you suggest we raise and under what different conditions?
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
Jesse,
I do know this community. I've been here from day one. I've participated in all the major (and many of the minor) crowdsales myself.
This is the community that has given 31000 BTC to a project that had zero code and 200% promises.
It's the community that has given $6-8M to a project that has been in development for 8 years before it had anything working to show for it.
It's the community that has thrown good money at various empty promises by unskilled developers operating without any legal structure and has allowed their projects to rise to ludicrous positions in coinmarketcap without ever delivering a single piece of working technology.
It's also the community known for its insane negativity and desire to spread FUD at the slightest sign of problem - and often without.
If you look at the threads for the successful projects that have come before us, you'll see the same pattern of extreme negativity, peppered with those who are genuinely interested in the project or that just chimed in to voice their support. When you like a project and wish to support it, there's not much more to say about it!
We believe that most people here understand that we have a very solid plan for developing a platform that marks an evolution in the way communications are done on the Internet. We believe that most people understand that $1.2m is on the low-end of resources required for the task, and appreciate that we're not trying to unload of all our tokens on the market for a quick cash grab, like so many other projects have done before, rather saving them until we reach future milestones and selling them at a higher price - to everyone's benefit. And if you don't - I advise you to ask your investment-savvy friends and inquire how much is usually invested at this stage of a project's life, where there's stable code with a proven track record in commercial services.