The plugin allthough is enabled, does not operates as an editor.
The developer, @mdjekic, has made it clear that he no longer intends to support this plugin. That is his right. Just be aware of it.
I recommend WP Editor instead. It does everything Synchi does and more. It integrates the CodeMirror editor, and has AJAX file system integration, including being able to preview image files in a FancyBox. And, it’s fully supported.
I don't know, maybe some configuration missing?
Installed, tried to edit: circle of doom -> waiting for 5 minutes...
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