/biz/ - Business & Finance

>>22513754
AMPL automatically rebalances itself to 1 2019 US dollar.. on every AMM pair. That price oracle and the rebase are the innovations.
I think the redbook mentioned the psychological barrier to buying something that's high in price, like YFI - I skipped out because it was $1000 even though it was a low mcap.
However, AMPL is weird in another sort of way that I think will make it hard to catch on for most casual speculators.
Part of adoption is building it into all these food schemes and defi platforms - that's how the ball gets rolling until it's too big to ignore.
As for the % of marketcap - in both bitcoin's instance and AMPL's instance yes that's true. They both reward early adopters.

Why biz...why did you fud Ampleforth so hard???? It was going to usher in a new economic era of sound money...

Unironically the real Satoshi Vision..

Literaly Bitcoin 2.0 and the whales know it. Imagine even calling something shit that got 100m daily vol on Uniswap. Imagine calling something shit that did 40x. Imagine calling something shit that Coinbase is gonna list. Stfu you lying pieces of fucking human excrement.

It was always gonna be an IQ filter. Most of the jeets and Simps have sold. Now we bull..

>>20863538
Yeah so fucked.....I mean that's why they have been spending all that effort to fud cause its shit.

Ampleforth is the literal future of currency.
The elastic supply was made so your money was never devalued. This is how you maintain peoples wealth and purchasing power. It can never be corrupted.
This is a decentralized smart contract using a trustless oracle that pegs the value of your input to 1 united states dollar in the year 2019.
putting your money in ampleforth protects you from real world inflation. Thats the big thing here.

The protocol makes it so negative rebases aren't even consequential if you buy at or below $1USD.
The protocol will always adjust the token price over time to go to $1. This means your potential gain on rebases can be infinite% where as your losses are capped out at 10% per day. (if it went to 0 at rebase time which it never will.)
and the negative rebases have compounding diminishing returns on your investment and actually never lose you your value in the protocol because eventually it will go back to $1.
So long as you buy at or below $1 you literally can not lose money. You would eventually break even.

This is what satoshi tried to make back in 2009 however was unable due to not having trustless oracles or smart contracts.
Its only a matter of time. This rewards those who buy in at a low marketcap and will inevitably stabilize once beginning whales cash out and no more whales are left to mess with price, the volume and marketcap will be too huge to do anything and it will be the perfect preservation of wealth.

What people have highlighted is this text is about the supply elasticity and how Satoshi says he didn't know of a way to do it.

BUT if you read on he essentially says Bitcoin is more like gold than a currency with it's fixed supply. Gold is never going to be as big and mainstream as a real currency. Ampl literaly is the perfect currency. People selling due to fud are simply low IQ or easily manipulated. This is going to be huge and mainstream.

Imagine feeling good about selling your ticket to being global elite.

Imagine even trying to compare bitconnect to Ample..

But what blows my mind is some will actually believe it. Makes you think.

>>20826875
>he believed the fud and not Satoshi...

Wait...

Little reminder that if you sold Ampl you are a typical retard.

You could of bought Bitcoin 2.0 at 10m marketcap when I shilled it here a few weeks ago. I clearly and logically set out why it was the most innovative crypto and biggest since ETH. I was of course mocked. Now you have to buy at 400m marketcap. Fucking kek. Stay salty retards. Biz is DONE....

There are people on this board who think they can fud/hype Ampleforth like they did with Link. How adorable..

Me too...

Hahaha Satoshi wanted something exactly like Ampl but he didnt know how to do it ahahahahahaha ok fuck wait...........oh nooooooooooooooooo!!!!!!!!!! I Sold!!!

Congratulations you just bought Bitcoin 2.0. Now hold and stfu u pathetic faggots.