Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
I estimate the price of 1 AMP to hit 0.03 BTC easily in the future. Why?
Because by the beta results it shows that 6.6 AMP can get people 2000 views on youtube, that with the current 9000 satoshi/AMP price is technically 30 satoshi /view.
Currently there is not a single AD network in Bitcoin with a CPC lower than 10,000 satoshi, but Wildspark could deliver you 1 click for 30 satoshi. That means that the price of AMP can easily grow by x333.33 times!!!! It's insane
But you can't compare the two b/c people will promote low-quality posts that viewer will click off right away or that won't convert. When you pay Google for ads you are getting targetted, contextually-relevant ads.Because by the beta results it shows that 6.6 AMP can get people 2000 views on youtube, that with the current 9000 satoshi/AMP price is technically 30 satoshi /view.
Currently there is not a single AD network in Bitcoin with a CPC lower than 10,000 satoshi, but Wildspark could deliver you 1 click for 30 satoshi. That means that the price of AMP can easily grow by x333.33 times!!!! It's insane
If the viewer can't earn more than a few satoshi in reward they will bolt the platform.
It's the same problem Steemit has but even worse because it will require a separate browser add-on. At least Steemit has some decent content even if the new users are dropping off b/c of broken Ponzi rewards structure.
Well the way I understand Wildspark will work is that curators get a share of the reward too. Kind of like how these PTC (pay to click) websites work, but instead with videos and things like that.
I guess it would be trivial to code in a timer, so that it will force the viewer to watch the video for a certain time before getting the reward.
It's not comparable to Steemit, because Steemit has a large infrastructure cost since they do have to host,load all of the activity that happens on the website.
Compared to that Synereo's app is really a piece of cake, it will be smooth, fast and very reliable.
Steemit is not a ponzi structure but it will require a constant demand , which can't be met yet until further intregration of activities happen, Steemit definitely needs more features which I have been waiting for a long time. It will only have constant value if Steem as a currency will be used in commerce, so there need to be merchants selling stuff in Steem, which is already happening, so it's not a Ponzi.
AMP doesn't have this issue by default, since AMP will be like a medium of exchange between ads and products. So people will buy AMP so that they can advertise stuff. That already gives value to AMP.
And if AMP's price now is cheap, it means that many people will buy it, to kind of reach the average CPC values.
Which from an investors point of view is excellent, meaning that the ROI with AMP would be very nice in the future.