Quote from: coinrus9 on March 07, 2016, 04:27:47 AM

price will probably go down once people realize:

there is no product, everything is very theoretical, for a very long time.
there is a premine of over billion coins
there is no blockchain, it is unlimited supply Omni Token
price is set x20 (in USD) already
can't store so much data (of a social network) on a blockchain. need petabytes or even exabytes of data.
^ if using some kind of sharding and nodes to store data, there is no way to make the data redundant enough, and still not enough storage space

impossible and very theoretical project right now...

We're going to have near-final designs for our MLP this week. We'll publish them over the next few days.
There's no mining, so no "pre-mine". All coins are locked in very clearly defined wallets.
We are migrating to our own, new blockchain in 6 months. This is the work being done in collaboration with Ethereum, and will underlie both Ethereum 2.0 and the next update to Synereo's tech stack.
Nothing is stored on the blockchain. We're going to delve into how storage works in Synereo on this Wednesday Community Hangout or the following one, as we discussed last week.