Quote from: Grandpa Jones on July 24, 2015, 03:57:24 PM

Quote from: vegasguy on July 23, 2015, 10:52:38 PM

Pumping synergy would be a hell of a statement.

Isn't it a bad thing for developers to pump their own coin?

Our approach to raise the value of Synergy (the protocol and technology) is to develop an economy around SNRG (the currency). To do this we will create services that utilize the SNRG currency.

As an example, Grandpa's Decentralized Pump Group is the first SNRG-based service we will offer. SNRG plays a critical role for this service because SNRG is required to participate and is consumed as transaction fees in the course of using the service.

We may implement new technologies when we develop services, but we don't believe that new technologies primarily drive value. Or if they do drive an increase in value, it is short lived. We believe that usage opportunities drive value. Because we are not focused primarily on developing new technologies, we will use technologies that are already implemented in the client, extending them only as necessary to develop the SNRG economy with new services.

One focus many crypto-currencies are taking in recent months is to try to implement markets for third party goods and services within a wallet. Examples are Sling and BitBay. We understand the promise of this approach, but it will not be our focus. Instead, we will develop novel services that make use of the unique capabilities of cryptography and the block chain. In other words, Synergy value will come from developing and expanding niche markets with unique services made possible by the crypto-currencies. We believe that opening and expanding niche markets have a better opportunity for growth than trying to infiltrate a crowded area, like in-wallet third-party sales.

We think that Grandpa's Decentralized Pump Group is a good first illustration of the types of services we hope to deploy to add value to Synergy.

Boy am I glad I've been holding since I mined. Gramps, you sure are quiet but when you post, it's amazing!

BitSwinger

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