Topic: Synereo same ponzi scam like Steem? - page 2. (Read 4980 times)

Please give us a prof, I mine ProtoShares from first minute and doesn't remember such a problem (superb - StoreJ founder - found the first block). It's was hardfork after few days because unexpected miners activity and huge hashrate, but I don't remember that many peoples can't mine because connection problems, let's say no more problems than other coins has during launch.

PS: I supported ProtoShares client for more than one year so I hope I know all problems of the network 
https://github.com/bitshares/bitshares-pts/commits/bitshares-pts

It'll collapse, because it's centrally supported by the Larimers and their associates.  Once the Larimers make their money and pull out, it will be over.  It is structured in such a way that payouts are limited to keep the system from collapsing too quickly.  The Larimers and their associates power down every week to cash out, because they know time is ticking.  Even if they only cash out a fraction of their holdings before it comes tumbling down, they'll still have made millions.  If I want to use a centralized website for social networking, I'll use facebook and twitter which already have mass adoption.  Steem is simply an overly complex scheme intentionally designed to steal from the under-informed.  Ask yourself, "If the website is centrally hosted, how do they intend on dealing with take down requests?"  They don't, because they don't plan on Steem lasting this long.  It's a quick money grab, and that's it.  With Synereo, nothing is centrally hosted and none of the decentralized nodes in the network know what is being stored on their disks, because everything is encrypted.  Node operators cannot see anyone's data without the person's private keys which they do not possess.  Not only that but user data is spread on the Synereo network in a redundant manner which ensures that individual nodes shutting down doesn't affect the availability of user data.  User data in Synereo is also not stored on the blockchain, which is unfeasible for long term use, but it is stored via SpecialK across multiple geographically relative nodes per the data requests.

Yeah, it was a "bug".  That's what it was.  Lol

Suspiciously, quite a similar situation developed around the launch of Protoshares, another Larimer wonder, where quite a few individuals reported on the forum that their miners kept being disconnected from other peers (aka Larimer nodes) which prevented them from syncing and mining.  Gee, I wonder what caused that?

Typical synereo cult follower.

Yeah, it was a "bug".  That's what it was.  Lol

Suspiciously, quite a similar situation developed around the launch of Protoshares, another Larimer wonder, where quite a few individuals reported on the forum that their miners kept being disconnected from other peers (aka Larimer nodes) which prevented them from syncing and mining.  Gee, I wonder what caused that?

That's not true, and you know it. Steem was re-launch due a bug in mining algo and all what peoples lost its maximum 1.5 day of mining, do you think everybody who continue to mine after re-launch doesn't make profit which cover these 1.5 days?  
Original thread: https://bitcointalksearch.org/topic/annsteempow-an-experimental-proof-of-work-blockchain-1408726
Relaunch thread: https://bitcointalksearch.org/topic/annsteempow-no-ipo-no-premine-no-instamine-relaunch-1410943

I would like to remark: in Synereo you will be able to build Dapps. In my opinion that is a big power. Steem is quite limited.
Another point of advantage people seems don't realize is that in steem post are like a shooting machine, just to catch votes. I think in Synereo this flow is use much in a logical way (REO, etc)

That's not true, and you know it.  There were people who were interested and mined Steem in the beginning who lost their money, because Dan and Co completely rolled back the chain, so they could mine a larger percentage of the coin.  Nobody is going to mine something when their money can be taken away on a whim, because Dan and Co want a larger percentage of ownership.

Nobody accused STEEM of being a pyramid scheme because you can earn money posting. The accusation stems from the fact that STEEM are produced at an increasing rate, with the supply doubling every year. Such is not the case with Synereo

dejavu..

isnt this the begin of xmr vs dash all over again?

thank you for clarify!
a huge premine is definitely a problem but if they managed the distribution i can live with that.

The founders didn't get anywhere close to 90%.  50M AMPs were sold in the initial crowdsale and 7.5M AMPs have been distributed for bounties since then.  The mass majority of AMPs remaining are designated for future crowdsales, bounties, and giveaways to attract new users.

Here's the breakdown:

https://docs.google.com/spreadsheets/d/1r1G-ROS4vgHK84qfn1CBIxuXZQCCvIicCTQSxW1T_mo/edit#gid=1156984041

Actually, STEEM was ninja-mined among widespread disinterest just like BTC...
They were begging people to mine/witness it back in April even after it was clear this was Dan's new baby...
Only a handful of BTS alumni bothered to get involved.

Also, leadership and decentralization are mutually exclusive...
Every successful crypto is heavily centralized whether they lie about it or not.

And Synereo is just a pile of buzzwords with an incomprehensible White Paper...
Ya man, 20 yo are all looking to replace their social networks with something no one can understand.

First of all, Steem is created out of thin air, from nothing, just like the central banks create paper money from nothing. This creates inflation and devaluation of the money. But because a lot of buying pressure and steam has gathered around this community the price of Steem is higher and higher while it should actually be going much lower.