On my previous post I explained why Synereo already failed to become the decentralized social network (and yes, Steemit succeeded on that goal!).
Synereo has raised cryptocurrency capital through the pre-sale of the AMP tokens. AMPs where suppoused to be spend in Synereo for example by advertisers who would use AMPs as the distribution currency for advertizing campaigns:
The thing is, Synereo will never reach its goal because it has now become the "MySpace" of the blockchain social networks even without having been launched! Steemit is the "Facebook" of the blockchain social networks. Steemit is simple, and it works TODAY. It's not a year's long project that never enters into production stage and loses the opportunity.
However Synereo dev's have the opportunity to recognize that it doesn't matter who owns the blockchain social network and that it doesn't matter that Steemit managed to convert the idea into a reality. Maybe if they realize there is no point in wasting capital for a project that has lost its place in the cyberspace, they will accept this proposal:
Offer your fellow supporters a way to convert the pre-sold AMP tokens into STEEM. The convertion ratio would simple be the amount of AMP tokens sold divided the cryptocurrency capital that hasn't been yet used in the (eternal) development stage of Synereo.
It will be better than 0 for current AMP holders and Synereo dev's will enter into the blockchain social network history as good people that understood when to pass the torch. AMP holders would join Steemit and therefore obtain the blockchain social network they wanted to have when they bought those tokens.
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great starting idea...
could use further development to outline specific details of such a proposal - mapping out the architecture of a particular partnership/integration that would still allow them to achieve their core objectives, simply through a different means of the partnership, with ultimate benefit to everyone involved...
Thanks @rok-sivante ! They could integrate some Synereo tech into Steemit, afterall "AMP" is just a token, the real asset of a social platform is the people itself and the people is here on Steemit.
I really don't understand enough about coding, programming, and tech aspects behind the blockchain - though think things could REALLY take off when such integrations become possible and get executed...
I suppose it may eventually not be so different than something like Facebook, that allows developers to develop and integrate their own apps.
surely, if Synereo were to adapt and leverage the foundational base Steemit's already managed to establish, they could probably get up to speed pretty quickly, rather than keep dragging their asses on starting their own foundation.
and I suppose, there's no saying that someone couldn't develop the infrastructure to integrate other cryptocurrencies as well. that'd probably surely grow the strength of this ecosystem, without having to force users to exit onto another platform to exchange into/ out of other tokens...
Interesting but I think you looking at this too simplistically. It's fine suggesting a way to convert AMP tokens into STEEM but as soon as SYNEREO would announce this it would cause the AMP price to fall and the STEEM price to shoot up making the conversion all the more expensive. In reality there is not incentive for the SYNEREO people to do this. They will displease everyone who already owns AMP and get accused of being a scam all along.
Hi @thecryptofiend , thanks for reading my proposal! You shouldn't worry about the AMP price, because it doesn't matter. The proposal is aimed at the remaining capital from Synereo. In other words is focused on the remaining subyacent value of the project. This means, Synereo dev's would have to cease operations, stop allocating capital on the project and just allocate the remaining capital divided AMP tokens for the sole pourpose of offering a convertion into STEEM. Actually they could use Synereo's remaining capital to buy STEEM (or better SMD) and then make the calculation against AMP.
AMP will go to zero if they don't take action, so they better accept the proposed solution (or other in the like).
I respect your point of view, but what I posted is my honest opinion on Synereo. I don't see much room for 2 blockchain social networks (as there was no space for Facebook and MySpace as well). I don't have nothing against ReddCoin as well. But the fact is ReddCoin started in 2014 and couldn't achieve the goal, Synereo proposed on 2015 and still hasn´t delivered. Steemit is a reality right now. I don't see the "average" blogger on a blockchain social platform replicating their blog's on a second platform.
Synereo dev's themselves advertised the concept as a "no one owns it" ideal, so there shouldn't be much deal regarding passing the torch, I guess.
Thank you!