Ok, so I must say I am a bit disgruntled at the recent happenings. That video is very revealing. I urge everyone with a large vested interest to watch carefully:
https://www.youtube.com/watch?v=FLrvV2YKbZgThis is a toxic relationship among the core team because they have lost trust in each other. Synereo cannot move forward with this type of angst between close founders. This disagreement isn't about the technical theories, this is about fundamental relationship of the members and the way they are operating.
Here's an analogy - a couple may disagree and argue about various topics like where to vacation, where to live, what to eat, what to do for fun... but at the end of the day, they still love each other despite surface issues... but if they question each others' loyalty, trust or commitment, they are questioning the foundation of the marriage or partnership, which is dangerous... and how can one count on the other to deliver thereafter, if there is a loss of trust?
As much as I hate to say this (especially since I know Greg personally, which as honest as I've been on this forum about my IRL persona), I think he has to go (good thing I'm not using my real name here ha). As a fellow developer, I have been in these kinds of disputes and it doesn't end well. This is not a disagreement about the technical fundamentals as we may have seen with other coin founder teams, this is an issue where the founders no longer trust each other, namely Dor does not trust Greg to deliver on deadlines, which continue to be delayed.
And sadly, Greg is pulling a typical developer move, trying to take credit for docs and pushing the technicals without real prototypes/demos, which honestly is something I've been guilty of doing myself. But as an investor, even though I made quite a bit in the early days, over the past few months I lost roughly $43k USD worth of AMPs and today I am officially out of this, but there is an upside.
First, I have to call out Greg on his bullshit. He is stalling, using funds to drive his own development, because he's a perfectionist and self-centered.
Second, this disagreement is super dangerous to Synereo - the development was heavily based on Greg's proprietary theories and code. So if Greg has to leave, he takes the only real code with him. Greg is trying to maintain credit on all the technical fundamentals, so he is essentially the technical team for Synereo. If they must part ways, which I believe is the only way forward), then what is left, a marketing team? A CEO who has no technical background whatsoever (though I think Dor is awesome at funding/marketing considering he's been pitching an empty promise for the past 2 years and despite that got huge funding and mainstream media press). Even if he stays, the relationship going forward will be poisoned by the criticisms thrown around, which question the nature of the partnership. It will be a very thin layer of ice that Dor would have to walk on, to constantly avoid Greg holding the project technical/code hostage. Greg is in the position to easily blackmail Dor - that's really bad, and I have to stick with my Jewish brothers on this one. Dor really trusted Greg putting that much control in him, but Greg broke that trust, even from day one.
But anway, financially, here's the upside. I'm out of Synereo, because Greg is planning to leave Synereo and take the code with him. There is a strong possibility of this. This is what he has been pondering, based on a conversation I had with a close mutual friend on Skype very recently. That's why I decided to sell today, for a huge loss, and I probably caused the dump in the last few minutes dropping it from 7k satoshi to 6k, though I'm sure the rise of BTC is not helping either.
Just want everyone to know this is not a 'whale' accumulation phase. Unless Dor and Greg are amazing actors making this up (including everyone in my mutual inner circle), then this is about to go lower, and you should save what little you have left and stay in BTC while it rises a bit. Synereo may cease to exist, especially if Greg leaves with the code and all the partners come knocking and blaming Dor for deadlines and missed promises (which already seems to be happening).
Good luck everyone.
Well personally, I'm a large AMP holder too, and I think it was a mistake to sell. I could be wrong, but I think in a few months we'll see AMP rebound to high levels. Something very similar happened to Ripple a few years back when Jed McCaleb left, and Ripple is still a success and the third largest cryptocurrency.
Greg is causing a lot of problems for everyone because he is vindictive. It's unfortunate that he chooses to act this way. It's obvious that Greg is a very needy individual and thinks everything is about him. Greg isn't that important. Very little of Greg's code is even worth saving. It's easier to start from scratch without it. Dor has access to 4.7M USD to hire more devs and make this project a success. Dor took a very small amount of money in the beginning and was able to keep the company afloat and procure additional funding. I'm betting that Dor can do it again.