Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo

Do AMP holders have to take care in anyway with regard to the upcoming Bitcoin developments (SegWit2x)? Is there any specific precaution I need to take?

I think OMNI has announced that they will stay on the longest chain, thus AMP will be on the longest chain.

So there is nothing to worry about. You should probably not do AMP transactions on the blockchain until Segwit is not active.

Thank you for your response. And is it possible that AMP also splits and runs on two chains? Could a scenario happen similar to Bitcoin holders that might afterwards not only hold Bitcoin Core tokens but also Bitcoin Cash tokens?

No, AMP is on Omni, Omni has no intention to split.

Omni is on Bitcoin, and Omni will go with the longest chain.

So AMP will be on the longest chain of Bitcoin ,so no worries.

Thanks again for getting back. I was of the opinion that a split in Bitcoin might be as political and relevant for AMP. For example, if there is a split in Bitcoin and someone produces a fork for AMP simultaneously and gets decent backing from part of the Synereo community, could it happen that AMP splits in any way? Sorry for being stubborn with this one, but I think that splitting and forking is not about intentions of those who want to preserve the status quo. It is in the hands of those who want to depart from the status quo. And open source blockchain technology allows them to do so. So, I might lack a lot of technical knowledge at this point, and that is why I am asking whether it is theoretically possible that I am going to own AMP on two chains after August 1st. Hope that makes my concern clear. Appreciate your inputs profitgenerator212!

If there are multiple bitcoin chains after a split, then logically there will be multiple amp too. The legit amp is the one omni and the devs would pick.

"The legit amp is the one omni and the devs would pick."

I am talking about exactly that sentence. "legit" is relative. It depends on the perspective. If there is a group picking up the "less relevant" AMP split on the "less relevant" Bitcoin chain, then it is also legit from that group's perspective. See ETC with $1.3 bn market cap. If played smart, particular those with insider knowledge and technical expertise could benefit from such a split scenario in a great way, as we have seen with ETC. And it could happen anonymously, assuming a split of AMP is also possible. The Synereo team could just say that they don't know who is backing the "less relevant" AMP split on the "less relevant" Bitcoin chain. Not sure if I am completely mistaken here, but I am just trying to figure it potential scenarios and how to benefit of them should they occur.