Re: Synereo

AMP tokens for vaporware

You've got about two more weeks to use that lame retort before people will start calling you a blatant liar.

No adoption and no use case is vaporware.

Any one can write some code and do a testnet demonstration and claim they have created something. GitHub is littered with code that no one uses.

We'll soon see.

IANAL so readers consult your own attorney, but my layman's understanding is they can NEVER fix the fact that they presold ILLEGAL unregistered investment securities to non-accredited USA investors. I implore you to understand the Supreme Court's Howey test. This will haunt this project until the SEC and/or FinCEN comes after them. Greg Meredith is a USA citizen. I really don't have any idea what he is thinking that he thinks he can raise money in this way and not end up in big trouble later.

If they wanted to raise funding to work on Synereo, they could have attempted a crowdfunding or to attract angel/venture private placement investment. But that would require them to have a well vetted business plan or convincing altruistic explanation. Instead they sell technobabble delusion to unwary n00bs and pumpers (same as Ethereum is doing, but at least Ethereum ran away to Switzerland so they think they can avoid USA securities law and still sell to non-accredited USA investors).

Any entity selling an ICO is (intentionally or perhaps cluelessly) corrupt. Period.

I warned you months ago. You have no one to blame but yourself, for not studying and listening more carefully.

Decentralized social networking projects are not novel. The list is littered with failures as you were told already upthread[1].

I don't hate them. I wished them good luck upthread. I am just feeding back frankly the reality.

Quote from: TPTB_need_war on April 05, 2016, 01:35:03 AM

Quote from: TPTB_need_war on April 05, 2016, 01:34:40 AM

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[1] https://en.wikipedia.org/wiki/Comparison_of_software_and_protocols_for_distributed_social_networking