EXCLUSIVE: Interview with Dor Konforty, Synereo CEO
Synereo is the up-and-coming decentralized Facebook replacement. NewsBTC's Andrew Wagner got the chance to interview Synereo's founder and CEO. Andrew: how closely does Synereo follow the brain's network model? Does it attempt to replicate specific neural processes-like, are nodes modeled after neurons? Dor: For starters, Reo - our social consensus mechanism - is a learning mechanism. It lowers the amount of energy required to allow information to flow to where it's needed by reducing entropy. It makes attention-giving a more efficient process by reducing the available amount of....
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Dor Konforty is the CEO of Synereo, a “next generation” decentralized social network that incorporates blockchain technology to overcome problems associated with centralized social networks such as privacy, security and commodification of users’ personal data. Konforty is an expert on collaboration via the net, and the wisdom of crowds. He has a master’s degree in neurobiology from an interdisciplinary brain research program in Tel-Aviv University. He is also a graduate of the Israeli Air Force computer unit and has been heavily involved in cryptocurrency since early 2011. “5 years from....
Distributed app platform Synereo announced that it has destroyed 50% of its native currency, AMP, ahead of a crowdsale, worth roughly $146,221,787 USD on the market. Second Synereo Crowdsale Starting Soon. The move comes just before Synereo’s second round of fundraising in a three-stage crowdsale starting 19 September. The Israeli company originally intended to keep the 731,108,937 now-burned AMP tokens as part of its long-term budgeting strategy. In a statement, Synereo CEO Dor Konforty said it was due to the proof-of-stake mechanism that secures the network. Keeping such a large share in....
The CEO of Synereo, Dor Konforty, has pointed out that the lesson to be learnt out of this whole situation is the fact that the human factor must be put into consideration and respected. Nevertheless, Konforty makes clear his support for Ethereum and states the position of his company over the June 17 attack on the DAO. Rollback shouldn’t be an option, Despite being a major ETH and DAO holder, Konforty insists that a rollback will set a wrong precedent. He says: “A rollback will set a precedent. This is a decision that is crucial to the growth of the decentralization movement and to the....
Synereo, the startup behind its namesake decentralized blockchain-based social network has burnt half its holdings of pre-mined AMPs, its native token cryptocurrency. Half of all existing AMPs have been destroyed by Tel-Aviv based blockchain startup Synereo in a move to relinquish its control of over half of the blockchain’s native currency. An aggregated amount of 731,108,937 AMPs were destroyed on Saturday, September 17th. They were held in several cryptographic wallets controlled by Synereo. A majority of those destroyed – nearly 400 million AMPs – belonged to the the company’s Future....
New social media platforms are starting to emerge that utilize blockchain and distributed ledger technology in an effort to build platforms where users are in control on of their data and more expressive choices are available. The development in the industry's startup ecosystem coincides with a growing disillusionment with the traditional social media platforms. But will security, control and less exploitive content be enough to compel people to start over? Dor Konforty, CEO of Synereo, one of the next-generation social platforms, thinks so. But, he believes this transition will happen in....