On the one hand, they have always hit their deadlines with regards to their tech. They have open sourced code. They have Vlad Trifa, who is one of the most accomplished people in the blockchain space, who is personally handling the tech and interacting with community members on the tech. They have an extremely detailed and well considered token model and masternode system. They have reams of published material about the architecture and corporate vision for the long-term. They have mock-ups and test nets designed around PoCs with extremely large corporations.
On the other hand, we were promised full partnership disclosures months ago and now the CEO seems to be empty-handed. He throws tantrums and says he will give companies an ultimatum. He hates pumpers and shillers and yet heavily censors his groups. He hates talking about short-term token price yet seems obsessed with how well his token is doing in the market. He seems paranoid, petty, and juvenile. He's pretty much an asshole to work with, but a lot of susccesful CEOs have been assholes as well. He is, to be fair, aggressive, articulate, and smart.
So what is going on here? It seems the tech is some of the best, and is the only trustworthy supply chain coin out of all of them when it comes to the tech (and the market cap is $24m compared to the vaporware at $150m or $800m). At the same time it seems management is dysfunctional and on the verge of a breakdown. I cannot get a read on the situation, but it looks like the price action over the last few weeks may have spoken for me. Anyone have any thoughts of what's going on?
>says he will give companies an ultimatum. Didn't he say he gave his biz-devs "an ultimatum" about getting disclosures from the companies rather than him giving the companies an ultimatum himself?
Getting cucked by IBM seems to be the only big problem they are facing, but as far as big problems go, it seems to be very very big.
>So what is going on here? It seems the tech is some of the best, and is the only trustworthy supply chain coin out of all of them when it comes to the tech I think you're right. It does seem to be the case. I have a small portion of my portfolio in amb. Just a bit more than enough for a Zeta node.
The price is currently so low that I started accumulating towards an Omega node and will continue accumulating to reach it, but I don't consider AMB a sure thing, just the only actual exposure to blockchain supply chain that is available to the public to buy into directly. If it fails, then fine. If not, then OK, it wasn't a bad gamble, I won't beat myself up over it.
In regards to "what is going on", I think the big companies are stringing along amb without any form of commitment, even just an announcement that they are testing it, just because there's no reason not to and there's a small reason to do it.
That small reason is that they lose a bit of face if something goes wrong or they decide that they would rather choose something else after. In the case of IBM, even if they decide to choose something else after, no one will think worse of them for giving IBM a chance to prove themselves. It's IBM after all, not a "crypto startup".
Yeah it is hard to tell. It does seem they are working with many high level companies but they probably haven't fully committed just yet, which is probably very frustrating for AMB.
Their token model is genius because companies get fixed dollar amounts for costs, while the can still be volatile but benefits from increased use in the network. Token volatility though doesn't affect the fixed costs companies have to pay.
One thing to consider is that in something like food and medicine, a company could get a huge advantage from a PR perspective if they put their food/medicine, supplements on an open blockchain. Think of how well they could market that vs. their competitors who don't open up their practices. A big marketing campaign could bring in big revenue and if they ran a node it wouldn't cost them much money. I think this is why Angel said this in his statement yesterday:
"Big pharma and big food/bev manufacturers largely don't care about public blockchains. They only need something for marketing or compliance. They are all, however, wary of their competitors possibly breaking ranks and going ahead with the public blockchain. We thus have to offer a lot of add-on benefits/services to companies to make it worth their while."
Wyatt Robinson
Relative to the rest of the crypto market, I like AMB's risk/reward and current valuation A lot
Sebastian Price
I often get very frustrated with the antics of the CEO, but then I look at the rank and market cap and reevaluate. There's a lot of risk with an unstable management, but they are in fact building a coherent IoT protocol that the token represents a stake in, and I do trust Vlad with doing that. At the same time, looks like a lot of big players have left, so I'm wondering if they know something we don't.
Levi Campbell
I have not invested. But I am thinking about it now and again. I might pull the trigger at the end of this month. I just have a few projects that I believe in more that also have more decorated teams. These last shenanigans did put me off though. Sweaty gym pictures and ultimatums certainly puts me off.
Nicholas Martinez
versetti is just desperate he keeps the scam going till he can pull his stake out of the operation. it's gonna be vicious when 95% of tokens get put on the market in a single day. possibly be an unprecendted crash in crypto history.
Lucas Howard
>food and medicine...on an open blockchain you fucking idiots dont get it. there's no way this side of hell that a serious food or drug company would leave something as important as source & supply verification to a third party project of scammers and international fugitives. youre all mad lol!!
Angel Wright
That's what I don't get.
If he wanted to pump the price, he could do it pretty easily by signing up for all the fake partnerships he can find, paying for market makers, cooperating with whale groups that have approached him, acting more genial in public interactions.
He hasn't done any of those, instead he has focused on the tech and seeking only "real" partnerships. So what's going on?
Gabriel Miller
lol, pumping the price is the absolute least of his problems. his only concern is keeping the sinking ship afloat long enough. announcing fake partnerships would be suicide in this respect. they're getting really desperate. the video AMA was beyond parody.
look, i know youre holding bags, but AMB is dead. ive been saying all of 2018 that supply chain verification is too important for small-time blockchain outfits. either listen to me now, or get stung later. figure out an exit strategy b4 it's too late.
Samuel Roberts
Don't forget he chose to prolong the period during which team tokens are held too. He's trying to do everything according to the rules but my sentiment is that he's agreed to give a few bones to the mad haters on TG so that he can buy himself a few more weeks of work without having to worry about dumb trolls.
They resisted using the classic hype strategy with fake partnerships and that makes early investors mad since they're in for the crazy gains.
AMB's development is so NORMAL that people figure there must be something fishy about it.
David Phillips
this isn't a fud and shill thread. get lost bucko.
Carson Campbell
Versetti, is that you?
Isaiah Perez
How did he resist the "the classic hype strategy " by larping as Kimchi and teasing partnerships for a year?
Remind me also how this is "according to the rules"?
David Long
Oh yes he is such an inspiring figure. GTFO
Nicholas Flores
Too late mate The fate of every amb thread on Jow Forums
Jace Jackson
I thought that was an unsubstantiated rumor.
It's often attributed to Aneesh, but I've seen Aneesh say he has no idea who kimchi is.
Easton Murphy
Since Kimchi did everything he can for people to assume he was Versetti, he probably wasn't desu
Liam Lee
versetti is a good guy, but AMB is a dead project. he knows he can make an absolute killing once his tokens are unlocked and he can cash out. fair play to him, he gave it a good go but supply chain verification is NOT a good fit for block chain tech. it's too important to get wrong; a company ceo will iterally face criminal charges if things go tits up. look at those chinks in china who got executed for the contaminated baby milkk scandal. supply chain is serious, serious shit.
Owen Anderson
No its clear if you dig a little.
Hudson Ward
Sounds like tinfoil hat conspiracy to me but what do i know ?
Jacob Peterson
This is pretty dumb.
Supply chains currently exist and their failures are not met with criminal charges.
Ian Thompson
I am honestly overly confident in this project. Everything about it looks good to me and I think it will actually make me rich. I maintain my skepticism, have been thinking about putting more money in while it's low but I haven't pulled the trigger yet.
Juan Sullivan
Why do you think he was unbannable from amb tg?
Nathan Smith
it might have been someone from amazix, the third party telegram management team that they eventually fired. It would explain a lot.
Joshua Sanders
So what is your "skepticism" on this project?
Jordan Phillips
fuck off brule you nigger
Wyatt Smith
wrong. verification failures are ridicously rare b/c so much care is taken to ensure them. giving them over to angel versetti and his team of scammers is unthinkable. i honestly dont understand how you and others dont grasp this concept.
Brody Stewart
Are you fucking retarded? Amazix got hired like 2 weeks ago, Kimchi has been around since fucking march, like 5 months ago
Benjamin Howard
i still haven't seen any actual proof it's him. could have been anyone from the team or tangentially in contact.
Kevin Sullivan
+4 AMB has been deposited to your ethereum address. Thank you for the good work
Zachary Reyes
so you're saying the same kimchi was giving out 4 AMB bounties from team wallets for posts?
well then that might make me reconsider, since versetti does seem like a control freak and wouldn't hand over team wallets to underlings most likely.
but here's what i don't get. why would he LARP and tease announcements that don't even exist, but then in all of his other actions, seem so averse to cooperating as a price-pumper?
seems incredibly bizarre and almost schizophrenic.
Oliver Sanders
Be a whale, buy large amounts of AMB before march
comes march, start shilling amb to insiders larping as versetti
AMb pump to 8500 and you dump on tg members falling for it (price was going up so nobody complained)
Leave poor moonboys blame it on versetti and crying for months while you enjoy your gains
Dominic Lee
I wasn't there during th egreat shilling by kimchi but I can imagine they were vague and cryptic messages that made him look like an insider
Christian Brown
yeah this seems most likely, and is what i'll go with until proven otherwise
Austin Gutierrez
That it won't get fucked by greedy companies not opting for it so they can do shady shit. I am super confident that the network will actually work and be useful, I'm just holding out on believing it will be adopted.
Oliver Price
Fair enough. This concern applies to literally all crypto, to varying degrees for sure, but they're all pretty low as far as "mass adoption" goes.
What I like about this project is that it's got real tech in what seems to be a top-3 "legit use cases" for blockchain (insofar as any use case is legit) and seems tailor-made to attract a lot of hype if they can get some real partnerships or even solid PoCs announced and show some stability in management.
Levi Edwards
But that's a big "if" considering their present management, which is my real and biggest concern.
