Synereo announcement: CTO (Greg Meredith) removed from board, consultancy agreement cancelled.
Following on from the recent drama relating to the Synereo Project [read my write-ups here and here], CEO Dor Knoforty posted the following announcement in the Synereo slack:
dor [4:34 PM]:
Dear all,
Today, on December 12th, the majority of Synereo LTD’s shareholders voted in favor of Greg Meredith’s removal from the company’s board, as well as for the cancellation of his consultancy agreement as Chief Scientist of Synereo.
We wish Greg well, and hope to see him succeed as a major contributor to the global decentralization project we’re all part of.
On the 20th of January, Synereo will reveal its new development plan for a distributed social network, operating according to the principals of the Attention Economy and granting real value to AMPs. Our technical team is crafting a viable roadmap for a usable product, to be staged in a reasonable timeframe within our existing budget.
Synereo’s roadmap will include usable intermediate applications, which will utilize real AMPs and set the bedrock for the network effects necessary for a fully functioning decentralized social network. Additional info will be released as soon as the fine details are ironed out. Sign-up for alpha testing for the first Synereo application will open on the 25th of December, and we encourage all of you to take part so that we can deliver a high-quality product as soon as possible.
The last few weeks have been emotionally challenging for all of us. In the spirit of moving forward, and in order to allow for a successful incubation of this new trajectory, we have decided to establish a cooling-down period on our communication channels. Greg has temporarily been removed from Synereo’s Slack channel, in order to allow him, as well as ourselves, to digest the recent events and allow the Synereo team to focus on delivering our product. He, and everyone else, is more than invited to rejoin us after the Holidays in a refreshed spirit of cooperation and friendship.
Synereo, despite recent turmoil, is in a good place as a company. We have attracted world class talent and have every intention of delivering on our promise. Several candidates for a new Chief of Technology are already being discussed; we have 3 full stack developers, 1.5 front-end developers, and additional engineers with rich backgrounds in math, economics and physics, rejoining the project.
Onboard with an enthusiastic and highly skilled team, freed from legacy constraints, and with a clear and achievable development plan, Synereo is determined to move forward to achieve the goals of our community and supporters.
We appreciate your attention,
-- The Synereo Team
http://slack.rchain.coop/
Member No. 75 :)
20 channels.
And an interesting choice of subdomain :)
Expected outcome, I am afraid.
For the record - AMP value this moment is 0.00006163 BTC.
Did you see Greg's post on slack this morning with a (sort of) letter of intent from Otto VC?
Interesting... I missed that. I'll have to take a look. Probably too little too late to save Greg's role on the project. I think he flip flopped pretty badly on the letter of intent last week. If he'd have produced it when he said he would, things might have been different.
I will dig it up. I didn't understand it completely. It looked like it was presented earlier (don't know when). It was in the line of supporting Rchain development (almost) only.
Again, I didn't understand it. Anyways, Greg will have opportunity to continue his work, I am sure. I am not so sure that this will be with Synereo, though ...
Too bad. And too bad for us, investors.
We'll just have to wait and see what will come out of it in the January. I am still willing to participate with alpha testing. And follow Greg's work, of course.
Bumpy start for Synereo. Would not get involved at this time.
Looks like the beginning of something. I think that gregs removal is a good move towards a more realistic scenerio. Thanks for the update
Good news imo. Thanks for the update!
Alrighty then...
i appreciate your updates on Synereo...been nice summaries of the situation as it has evolved. i'm just happy these guys are making decisions and choosing ANY path forward. they have a ton of capital to spend on something, and i like their intent to pursue intermediate term projects to give AMPs value instead of betting it all on RChains.
@nanzoo-scoop
I've misused your post as a lead to make a documentary. Thanks!
This post has been ranked within the top 50 most undervalued posts in the second half of Dec 12. We estimate that this post is undervalued by $9.92 as compared to a scenario in which every voter had an equal say.
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