I did a little reading about Synereo and the issue about Greg Meredith leaving the project. I learned that Greg started Rchain and Special K that everyone was excited about because the technology is more advance than the blockchains that we have now. I also learned that Rchain and Special K was precisely the reason why Synereo has raised millions in funding. On what technology will Synereo run now that Rchain and Special K is out of the picture?
Synereo LTD still owns all the RChain IP and is actively developing it. Greg was a developer working on RChain and was fired. Greg cannot take Synereo LTD IP and form a new company around it. Synereo LTD is still actively pursing the development of advanced blockchain solutions utilizing the RChain IP and other technologies. The previous roadmap of waiting for RChain deployment to run the social network has been scrapped. A new roadmap has been issued which has an accelerated deployment schedule. The attention economy will go live on existing social networks which will enable testing and user procurement. This is deemed the "Alpha". A new blockchain tech will be developed simultaneously which will allow the attention economy to transition over to a fully decentralized social network after testing on existing social networks. AMPs will be utilized during the Alpha phase.
I found the new roadmap and I found it to be a little vague. There were no dates and it looked like it was made for the purpose of appeasing the AMP holders. I also found out that the Synereo CEO expected Greg Meredith to already have a working product of his Rchain and Special K which I think he himself invented. Later it was found out that Greg does not have a working product.
Maybe Rchain needs more work and more time so an accelerated deployment schedule would be impossible unless they release a centralized database instead.
I've said this several time that it is dishonourable from Synereo team not to refund ICO fund to the investors, what they are offering now is half of the package promised during the ICO but this is what you get where there is no regulation, investors are the ones to bear the loss.
It is not Synereo's fault. You knew what you were getting into before you made an investment in their ICO. All Initial Coin Offerings bear its investors a great risk. But the rewards are also huge so it is your gamble if you want to go into it. Saying that they are dishonorable is a mistake. In any investment decisions you make, you are the one solely responsible. Sorry that you lost your savings.
