Topic: [ANN] AMP - The Currency That Powers Your Attention On Synereo - page 243. (Read 879222 times)

A lot of drama, too much to follow it all, do i understand it right? This Greg guy wants $2,000,000 Dollar from the recently collected funds, to make a new, from AMP seperated coin/chain?

this is so lame
dam greed !  

Dor are u still with us
that is all i have to know

Greg just posted a link to this in Slack:

Dear All,

...
 As a result, i must support the investors who have asked for a refund of their money. With investors made whole, i feel certain that we can create a path forward that will realize the vision that has people so excited about RChain and the attention economy.


Best wishes,


—greg

RChain will receive seed funding from Synereo, based on development milestones reflecting those created as part of Synereo’s previous roadmap: https://blog.synereo.com/2016/09/15/synereo-dev-timetable-2017-2018/
1. $330,000 will be provided for the first 6-month period.
2. Upon reaching the relevant milestones, $500,000 more will be provided at
the end of this period.
3. Further funding will be provided based on RChain delivering its technology and Synereo’s financial status at the one year mark.
Synereo will provide no less than $330,000 if the RChain mainnet is live.
4. AMPs will be granted without limitation as long as reasonably used to compensate people for work done towards realizing the goals of RChain or to provide bounties for its community. A base amount paralleling the USD funding amount will be provided with each milestone, i.e. $330,000 worth of AMPs, $500,000 worth of AMPs, and so on.

The RChain entity will develop the mechanisms required for the implementation of the attention economy and the functionality of AMP as a native currency on the RChain Blockchain. AMP will serve as the only native currency on the RChain live mainnet for the first 6 months.

I hope such is sorted soon!  

I hear rumors of refund for funds to ppl who invested in 2nd ico (that'd be fair I think) - how can your "company" hold crowdsale and asking for millions in btc when you already knew of and had such internal issues?!.

but also hearing talks of mismanage funds and ppl not meeting/talking?  Also of Rchain split coin off from current AMP/synereo coin!? What???

You guys making way to confusing and difficult and looks like amateur hour!  Ppl are talking.

I hope such is sorted soon!  

I hear rumors of refund for funds to ppl who invested in 2nd ico (that'd be fair I think) - how can your "company" hold crowdsale and asking for millions in btc when you already knew of and had such internal issues?!.

but also hearing talks of mismanage funds and ppl not meeting/talking?  Also of Rchain split coin off from current AMP/synereo coin!? What???

You guys making way to confusing and difficult and looks like amateur hour!  Ppl are talking.

Greg just posted a link to this in Slack:


Dear All,

i have done everything in my power to keep the community apprised of all the events to date. It has been a matter of public record that i have put forward a counter proposal to the original proposal. Dor was made aware of this fact on video in front of the community.


Prior to making the counter proposal to Dor, it was publicly reviewed alongside Dor’s original proposal, (see here and here); in particular to illustrate exactly why Dor’s proposal was rejected, and to make clear what a reasonable proposal looks like in order to make good on promises to investors. As a demonstration of good faith, i offered several negotiating points, based upon Dor’s publicly stated concerns, where i was clear i would yield while remaining consistent with existing company plans and promises to investors. Most importantly, i have always been available. The community has overwhelming evidence that i was online constantly, answering investor questions, providing context, information and data surrounding the negotiations and generally attending the process. At the suggestion of many community members, i reached out to Dor via email and Skype. Dor’s unavailability and lack of response was clear to all. This has been a part of a long string of behaviors, including deferring and delaying the reconstruction of a board to provide proper oversight for the company which has resulted in this deadlock in the first place, and constitutes non-performance in his role as CEO.


My reasons for going and remaining public are related to my obligations to the company, shareholders and investors. Dor’s conduct has continued to shore up my growing worries and concerns that Dor had been luring me into making the token sale with him, using my good name, my work, and the architecture documents that comprised the basis of the bulk of investment in the recent sale, but without any actual intent to follow through on the specific promises he made to investors, or promises he made to me regarding fixing the organizational problems with the company. It is my obligation as one of the largest holders of equity in the company and AMPs to make everyone aware of this. The evidence has been mounting that Dor conducted the sale in without any intent to follow the plan we outlined in detail for investors, fooling me and every other stakeholder and investor.


In good faith and sincerest wish for all the stakeholders and investors, i held out every hope that he would negotiate productively and provide a reasonable compromise indicating that he did have the intent to follow through. But, because of the other worries and concerns about the organizational issues he left unresolved and their connection to ongoing negotiations with investors, his recent decisions and announcements have left me little room for interpretation of his intentions all along. As a result, i must support the investors who have asked for a refund of their money. With investors made whole, i feel certain that we can create a path forward that will realize the vision that has people so excited about RChain and the attention economy.


Best wishes,


—greg


Note:  Most people have been taking Dor's side but there is a possibility a project like this can't be coded without additional workers,
and if Dor's isn't willing to pour some money into that now, then Greg may feel this kind of workload is too much to ask for from such
a small team.    

There is a problem as Anonymint has stated in staying in high level language and not discussing libraries and code limitations.  Stating
the problem is only one part of programming, but man hours and the like need to be discussed in stating the solution.

All drama and nothing to show. Just churn it as I've always say.

wtf, why is the price so low, I have not checked in a few weeks but I bought it around 27.
This is terrible. What happened?

Oh gosh lots of crazy shit is happening. The devs are fighting amongst themselves. 1 of them is quitting (gregory) and i think amps are left without a dev to stear the project.
you really bought it close to the top. I feel very sorry for your losses.

wtf, why is the price so low, I have not checked in a few weeks but I bought it around 27.
This is terrible. What happened?

Update orderbook:

Sell order keep continue to grow, now at 7.4 million.
Buy orders keep continue to go down, now at 1.5 million.

Do the math.....

Please people do some research, this project is a scam and founders are fighting big time at the moment. They want to kick eachother out of the company...... lol!