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RE: Why I am NOT buying AMP
It feels to me like a scam, they ride on the success of Steemit, but they fail to produce anything tangible. Not even their alpha version is out I think. AMP right now is just a smart contract on the omni platform to my understanding. They dont even have a standalone blockchain I think, so RED FLAGS:
Synereo is not a scam. They presented (not released) alpha version but their development is quite slow due to various factors. This year, I suppose, they will release alpha but production version might be here next year at best. In cryptoworld people are not very patient and progress needs to be much faster than this for real success. But who knows, maybe they will surprise next year.
Yeah but this impatience is due to the amount of scams that have been going around.If people are selling a promise without tangible progress, that is a red flag in my book.
I would just rather keep my money in safer investments, and skip this one, I personally dont think it will exceed Steemit in market cap, and for the risks involved, I dont think its worth investing.
Yes, it's definitely wise. I will not invest until beta is out and then I will decide. I can imagine it can go much higher than Steemit if it is properly designed and implemented. So far I haven't seen it.