/biz/ - Business & Finance

What happens when the music stops?

The supply keeps increasing until the price goes back to 1.009 $. It's clear right this moment AMPL is acting like a pyramid scheme. Mind that I'm not saying AMPL IS a pyramid scheme, only that it's ACTING like one.

Think about it. Eventually people will be incentivized to sell, that's the whole point of the protocol and increase in supply, right? To get the price back to 1.009 $.

That means that whoever bought at 3$ and not sold will get royally fucked WHEN people smarten up and start selling, doing what the protocol was designed to do.

So, explain to me why is everyone buying this shit at 3$+ ? IT'S LITERALLY IN THE WHITEPAPER THIS NEEDS TO BE 1.009$ AND IT WILL INCREASE SUPPLY UNTIL IT GOES TO 1.009$