/biz/ - Business & Finance

>>28890769
Every time I see replies like these in AMPL threads, I always get rock hard.

Be it BASE, XAMPL, FRAX or whichever (there are so many elastic currencies now).. Imagine having spawned a whole new CATEGORY of currencies.

Ampleforth is only going up.

No one is talking about AMPL

Who's sitting comfy?
Someone please post the tier list.

Hello, absolute autist here. Don't get me wrong, AMPL was always a great potential moonshot, but in the light of the last couple of weeks it has the potential to EXPLODE this year.

We are talking ASTRONOMICAL gains, if you play this right. Let me explain (by the way, I am going to assume that you understand rebasing and AMPL in general - so i won't even get into it):

1) With the support that has arisen the behind the "retail vs the establishment" GME movement, we are primed for a wild year in crypto, especially with all the fuckery that has happened in the last couple of days (Robinhood and other brokers directly manipulating the market). I have seen so many interviews with this week on CNBC and other outlets, with prominent figures bringing attention to crypto, and DECENTRALIZED FINANCE IN PARTICULAR, as an answer to censorship in the markets (Winklevoss twins, co-founder of Reddit and others). As, what I can only assume is a somewhat direct result of this, /r/satoshistreetbets has gotten 170k new members in 24 hours.

2) AMPL is an obvious choice as one of the building blocks of decentralized finance - and more importantly - fits REALLY well into the narrative of escaping traditional finance, since it is the only base currency that is not backed by the dollar in any way. You are quite literally sticking it to the man, if you participate in this project.

3) Holding a little, could be significant, since rebase gains will have the potential to make people FOMO again. AMPL has not pumped to a market cap, where the "1 GME share"-level investor couldn't become a literal millionaire if they get in with a long-term vision now.

This has potential to snowball, it is all playing out in a VERY favorable way for Ampleforth.

THIS IS NOT FINANICAL ADVICE, but I urge you to diversify a small amount of portofolio into this - since it has potential to make you extremely wealthy through rebases, if this push towards crypto and decentralized finance continues.

>>24660683

It's the only non-deflationary cryptocurrency base-money, that is not backed by the dollar in some way.

It will be very volatile until the MC is a lot higher.

Fundamental PROs:

There is no way to dilute your share, yet single units aim to have a fixed worth, which makes it the most sound base currency ever invented by man.

Fundamental CONs:

It needs wide adoption to be stable (like any base currency would).

>>24571672
>Your buy might push the price up to $1.10 but then at the rebase the price would fall back to wherever the price was before you bought

This entirely depends on what kind of push there is for demand. In a period of uptrend, this will not be the case, since there typically will be too much demand for AMPL to equalize the price after a rebase.

>>24523530
In my humble opinion there are a few reasons why I think this belongs in the top 10 in terms capitalization.

I'll give you two, a very practical one - and one that indicates how feasible and valid some of the more idealistic economic ideas in the foundation of this are.

1)
There are so many incentive programs around this currency now (I have sort of lost track), and they just keep on coming. To me, it's a very clear sign, that the people who are developing this space, are excited by AMPL - and are eager to integrate it into their platforms and blockchains. A very good signal. This will keep AMPL from ever going to zero, since the APY on these programmes would drastically increase if the market cap deflates.

2)
I won't get too technical with you, but this protocol is one of the first real innovations in this space since Vitalik created Ethereum. Vitalik was even talking about how he sees the ideal base money model in this space (on the Lex Fridman podcast). He described a currency, which had its volatility shifted from its price, into its supply. This is Ampleforth. A base currency, that adjusts its supply dynamically, based on the demand for it.

And it is also the only non-deflationary take on a base money that is not backed by the Dollar in any way, as far as I know (at least at a higher market cap).

It couldn't be more of an idealistic cryptocurrency, but it is also painfully elegant and conceptually simple/uncluttered.

Target MC? I have no idea. But no one knew what AMPL REALLY was during the last cycle. To most, it was just a money printer. Now the infrastructure is starting to exist (incentive programmes) and now, people are also starting to grasp the economic model. My best guess is, that it will be going higher this time.

Still not ONE single unit of AMPL present in this thread. I actually cannot believe it.

Holy. Fuck.

>>24237820
Yeah. I have been gleaning all the portfolio threads on this board for the past week or so, and I am pleasantly pleased, that no one here seems to really be aware of what's actually happening.

Who is still /here/?

>>21691741
Damn.

AMPL/COMP
AMPL/LINK
AMPL/YFI

Yeah, I'm thinking we're gonna make it.

>>21554716

Here is your red pill:

Ampleforth is a primitive. What does that mean? Well, Ampleforth is not created to be used inside some specific ecosystem or pool (most cryptocurrency), it acts more like Bitcoin or Ethereum. It wants to be a base currency - a currency that is not correlated with the price movements of any of the other crypto currencies.

When Satoshi envisioned a ‘peer-to-peer electronic cash’ he seems to have not considered the implications of giving Bitcoin a fixed supply - you have probably heard before, that “there will only ever be 21 million Bitcoin” - this makes Bitcoin valuable, and unfortunately, it also makes it’s price very volatile, since people use it as digital gold. People hoard Bitcoin, because it’s deflationary nature incentivizes then to do so. One year, one BTC might be 10k - the next, 15k. Because of this Bitcoin is not a good medium of exchange either, and it is not a good financial vehicle to be used as collateral. In other words, it is *not* the “electronic cash” that Satoshi was trying to create. He even said in a forum post, that if there was some way his protocol could know data from the outside world, he could have made a better currency, by dynamically adjust the quantities of it.

Well, now we have a solution to this “getting data” problem - oracles.

Ampleforth is a currency that is trying to be the ‘electronic cash’ that Satoshi was trying to create. How is Ampleforth trying to achieve this? The main thing that makes the AMPL different, is that it’s supply is elastic. This means, that the price of the currency has a target zone which it is always trying to be inside - and it will adjust the distribution of it’s supply to get there.

The target zone is between 0.96 - 1.06 2019 USD (This value is CPI adjusted and gotten with an oracle).

1/3

Literally the chosen financial instrument of TPTB

>>21118232
He cashed out because he needed emergency root canals (not even joking)

>>21080619
Name one asset that isn't a ponzi.