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Topic: [ANN] AMP - The Currency That Powers Your Attention On Synereo - page 372. (Read 879222 times)

hero member
Activity: 546
Merit: 500
What will the total number of coins be?


I believe in many years there will be around 1.6 Billion at the maximum. I also believe they are burning coins. Good question though. Can someone answer this in detail.

https://coinmarketcap.com/assets/synereo/

To my knowledge, a the mass majority of those 1.6 Billion are allocated for future funding and incentives to get users to join the network.  All the founders' coins 200M total are locked up in a mutual agreement.  The total 184.8M listed on coinmarketcap is wrong.  I think only around 46M were sold during the original crowdsale.  The rest of the coins, ~138.8M were destroyed.  I don't know if they plan on allocating a set amount for this crowdsale and burning any unsold or not.  I don't think they will flood the market with excessive coins, because that would be counterproductive to their funding goals.  I think the coins allocated for incentives to draw in new users will be slowly meted out to an expanding userbase and not cause a disturbance to the market price.


I think the news of ICO sale with the huge amounts of premine with the ALpha release will dump the market
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
What will the total number of coins be?


I believe in many years there will be around 1.6 Billion at the maximum. I also believe they are burning coins. Good question though. Can someone answer this in detail.

https://coinmarketcap.com/assets/synereo/

To my knowledge, a the mass majority of those 1.6 Billion are allocated for future funding and incentives to get users to join the network.  All the founders' coins 200M total are locked up in a mutual agreement.  The total 184.8M listed on coinmarketcap is wrong.  I think only around 46M were sold during the original crowdsale.  The rest of the coins, ~138.8M were destroyed.  I don't know if they plan on allocating a set amount for this crowdsale and burning any unsold or not.  I don't think they will flood the market with excessive coins, because that would be counterproductive to their funding goals.  I think the coins allocated for incentives to draw in new users will be slowly meted out to an expanding userbase and not cause a disturbance to the market price.
member
Activity: 90
Merit: 10
What will the total number of coins be?


I believe in many years there will be around 1.6 Billion at the maximum. I also believe they are burning coins. Good question though. Can someone answer this in detail.

https://coinmarketcap.com/assets/synereo/
legendary
Activity: 1190
Merit: 1000
What will the total number of coins be?
member
Activity: 90
Merit: 10
http://www.econotimes.com/Decentralized-semi-autonomous-platform-Synereo-gears-up-for-alpha-launch-242795

Decentralized semi-autonomous platform Synereo gears up for alpha launch

With the recent Ethereum and The DAO issues that have thrown arguments on the credibility of autonomous systems, Synereo which proposes itself as a semi-autonomous system will make available the Alpha release of its decentralized platform in September.

Synereo says that its platform will offer all the layers necessary to create dApps in the emerging decentralized economy. It will create fully distributed protocols and applications that would be truly scalable by being rooted in process calculus, a mathematical approach developed specifically to reason about distributed and parallel computing.

Those behind the platform believe the human element is necessary in working autonomously as machines and programmes are not sufficiently advanced to get things completely right.

“The issue is: if you build a public economic censorship resistant compute infrastructure, in other words you store the state of a global computer on a blockchain in such a way that nobody can actually take it down then as you build programmes that run on this computer, they also can’t be taken down,” says Greg Meredith, Synereo’s Chief Technology Officer, in an interview in episode 75 of The Bitcoin Podcast titled Attention Economy.

He adds:

“So they have a kind of autonomous agency and if we then hand over to those programmes missions critical digital assets such as the ability to start a car via Internet of Things kind of thing or drive an entire fleet of vehicles or move a large amount of funds around the globe, these are really serious issues and kind of scary.

We are giving these programmes a kind of autonomy that we have to really think about very hard. One of the reasons we have to think about them very hard is as I said in a recent interview on EtherReview we really can’t know what programmes do. I don’t think people understand that. We cannot know what programmes do.”

The hosts of the podcast say Synereo’s formally-verified smart contracting language would have prevented the attack on The DAO. They also said they have had positive response from many conversations they had about the sharing of Synereo’s “DAO attack-preventing” code and interest in working with the platform and utilizing their smart contracting framework has risen.

According to the CEO of Synereo, Dor Konforty, the first decentralized application of Synereo will be a social layer, which is part of a larger platform that would make required tools available for developers including designs and features to create fully decentralized applications. It “would underlie a completely new type of economy that is decentralized in nature where any agent on the net could connect with any other and communicate or exchange value directly without any type of middle man, knowing that by just mutually agreeing to use a protocol, they’re covered; the transaction is trustable.”
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro

Quote
"It’s ill-advised at this point to just hand over the keys to the kingdom to this new class of autonomous agent without a lot of reflection. I think that’s the situation we’re in right now.”



Synereo CTO on DAO Bitter Lesson: How to Avoid Trust Abuse
https://cointelegraph.com/news/synereo-cto-on-dao-bitter-lesson-how-to-avoid-trust-abuse

INB4 Synereo surpasses Ethereum.
sr. member
Activity: 385
Merit: 250
Your Network. Your Rules.

Quote
"It’s ill-advised at this point to just hand over the keys to the kingdom to this new class of autonomous agent without a lot of reflection. I think that’s the situation we’re in right now.”



Synereo CTO on DAO Bitter Lesson: How to Avoid Trust Abuse
https://cointelegraph.com/news/synereo-cto-on-dao-bitter-lesson-how-to-avoid-trust-abuse



IMZ
legendary
Activity: 1498
Merit: 1000
Australians here -- 'IndiaMikeZulu.' I am reading up on AMP, putting a little volume on C-Cex.

Mark

You might be the only one putting some volume on C-Cex. But its good to use all exchanges.

Bingo, alexjones! We're up for de-listing on C-Cex. What are you guyses thoughts? (I was trading another coin there, and stayed to trade AMP 'cause we've been watching it awhile. And C-Cex has a good rep.)

Mark
sr. member
Activity: 270
Merit: 250
Why is there wallet maintenance on bittrex?
member
Activity: 90
Merit: 10
Australians here -- 'IndiaMikeZulu.' I am reading up on AMP, putting a little volume on C-Cex.

Mark

You might be the only one putting some volume on C-Cex. But its good to use all exchanges.
IMZ
legendary
Activity: 1498
Merit: 1000
Australians here -- 'IndiaMikeZulu.' I am reading up on AMP, putting a little volume on C-Cex.

Mark
hero member
Activity: 678
Merit: 500

Platform Architecture document, DEVCON2 plans & latest on the upcoming crowdfunding event!

https://blog.synereo.com/2016/07/29/synereo-update-dev-news/



 Cool

good progress  Cool
sr. member
Activity: 385
Merit: 250
Your Network. Your Rules.

Platform Architecture document, DEVCON2 plans & latest on the upcoming crowdfunding event!

https://blog.synereo.com/2016/07/29/synereo-update-dev-news/



 Cool
member
Activity: 90
Merit: 10
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
I'm buying all I can sub 20k, had got some sub 15k originally Smiley

Damn lucky ppl got this under 9 or 10k!

MEWN

Imo, this guy knows how to play the game.

what is your target in 2 months, 6 months, and in 1 year.

50 cents, 1 dollar, 4 dollars
member
Activity: 90
Merit: 10
I'm buying all I can sub 20k, had got some sub 15k originally Smiley

Damn lucky ppl got this under 9 or 10k!

MEWN

Imo, this guy knows how to play the game.

what is your target in 2 months, 6 months, and in 1 year.
legendary
Activity: 1162
Merit: 1042
White Male Libertarian Bro
I'm buying all I can sub 20k, had got some sub 15k originally Smiley

Damn lucky ppl got this under 9 or 10k!

MEWN

Imo, this guy knows how to play the game.
legendary
Activity: 1120
Merit: 1000
I'm buying all I can sub 20k, had got some sub 15k originally Smiley

Damn lucky ppl got this under 9 or 10k!

MEWN
member
Activity: 90
Merit: 10
Groups will indeed be able to install moderators.

As we have never seen a decentralised environment such as Synereo is building. I guess TROLLS will still be a thing in the decentralised world.

I am thinking maybe life will not be that much better in the end... hah
full member
Activity: 121
Merit: 100
Greg and Dor were great on The Bitcoin Podcast http://thebitcoinpodcast.com/episode-75/ Really entertaining guys!
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