/biz/ - Business & Finance

The more I understand Ampleforth the more I'm intrigued on the logical reason it's built upon, it feels like a fundamental axiom regarding money, a decentralized stablecoin, can anyone point me out the most critical flaws of the design?

Ok we seriously we need to talk about stables

This image is gonna cause so much pain and seething this year. Reason being jeets think it pumped and is over. Except they are about to launch Spot a stable version which will be the best stable in all of defi. And later the world.

Whenever a game changing concept or technology comes about... 99% of folks disregard it, because the truth is... people by nature are followers. We're sheep. It's not a bad thing. We've adapted to that as it has ensured our survival. Sticking in a pack is safer then wandering alone. However, if the stronger/smarter members begin to accept or see the potential in this new technology, then it becomes quickly adopted by the rest of the pack.

Well, we have seen this recently with Bitcoin and Ethereum. Initially viewed as a toy has captured the worlds attention. 9 months ago, it was laughed at but after a few comments from Paul Tudor Jones, Elon Musk, Michael Saylor, and others we really see the herd mentality (evidenced by the 10-20x price movement).

DeFi needs better primitives. This is the better primitive. The beauty of the algorithm lies in its simplicity. It’s for this reason it was the most copied coin of 2020 but the copies focused on the wrong thing. The focus on a rebase for the sake of the rebase- not realizing the rebase isn’t the point, but one tool to achieve the projects true aim as a unit of account, a simple and elegantly designed primitive used to power crypto- scalable collateral to serve the defi world and used to denominate contracts.
It’s the next logical step of DeFi. Wei Dai knows it, Ferdinando M. Ametrano knows it, Vitalik Buterin knows it, Neil Ferguson knows it, Taleb knows it, Brian Armstrong knows it… It’s only a matter of time till the world knows it. I personally think it happens this year, but who am I.

Ok... what the FUCK this is some genius next level shit... I feel like I’ve been on an acid trip since I finally understood the big picture. This isn’t even a bitcoin killer... it’s something even bigger. This coin is going to take us to the stars isn’t it?

oh.. my.. GOD

This shit is absolute genius. How do people come up with this, this is like nobel prize winning economics right here. This could be the first project that literally just goes up forever.... this could go top 5 no joke.... maybe the first project that ACTUALLY has a shot at flippening the market. I feel like I'm tripping balls just reading about it...

https://cointelegraph.com/magazine/2020/08/07/6-questions-paul-veradittakit-pantera

>3 — Looking at the top 100 projects in crypto by market cap, which ones stand out to you – and for what reason?

Recently, I’ve been a big fan of Ampleforth. I’ve known Evan Kuo, the CEO, since college, and he’s one of the smartest guys I know. The cool thing about Ampleforth is that it is strictly a money — not a token acting as a placeholder for the value of some other service.

When you think about the pure monetary-assets we’ve seen, most of them came from forks of Bitcoin. And they’ve all been pretty much the same. There hasn’t been much innovation in the “money-crypto” space. AMPL is the first differentiated money innovation we’ve seen in a long time, which is exciting.

These guys have been thinking about how they would improve upon Bitcoin as a collateral asset from the start, they’ve viewed Bitcoin more as a building-block for future banking systems than as a substitute for dollars. And they’ve really hit the nail on the head of two massive problems in the space that everyone else has ignored until now:

1) Hyper-correlation
2) Supply inelasticity

Their protocol translates volatility from price to supply which has a couple of really interesting effects.

1) It counteracts liquidity crises (like what we saw on Black Thursday with DAI and what we saw under Bretton Woods with gold).
2) It creates a diversified movement pattern that’s unlike any traditional or crypto asset. Which makes it interesting as a collateral asset or as part of a portfolio of crypto-assets.
3) It can be used for contract denomination (lots of people prefer borrowing only against stablecoins on Compound because they don’t know what their debt obligation is with things like ETH or BAT).

If AMPL is adopted as a major DEFI collateral asset, that could bootstrap it to compete with (or complement) Bitcoin in a differentiated way

Whenever a game changing concept or technology comes about... 99% of folks disregard it, because the truth is... people by nature are followers. We're sheep. It's not a bad thing. We've adapted to that as it has ensured our survival. Sticking in a pack is safer then wandering alone. However, if the stronger/smarter members begin to accept or see the potential in this new technology, then it becomes quickly adopted by the rest of the pack.

Well, we have seen this recently with Bitcoin and Ethereum. Initially viewed as a toy has captured the worlds attention. 9 months ago, it was laughed at but after a few comments from Paul Tudor Jones, Elon Musk, Michael Saylor, and others we really see the herd mentality (evidenced by the 10-20x price movement).

DeFi needs better primitives. AMPL is the better primitive. The beauty of the algorithm lies in its simplicity. It’s for this reason it was the most copied coin of 2020 but the copies focused on the wrong thing. The focus on a rebase for the sake of the rebase- not realizing the rebase isn’t the point, but one tool to achieve AMPL’s true aim as a unit of account, a simple and elegantly designed primitive used to power crypto- scalable collateral to serve the defi world and used to denominate contracts.
It’s the next logical step of DeFi. Wei Dai knows it, Ferdinando M. Ametrano knows it, Vitalik Buterin knows it, Neil Ferguson knows it, Taleb knows it, Brian Armstrong knows it… It’s only a matter of time till the world knows it. I personally think it happens this year, but who am I.

https://cointelegraph.com/magazine/2020/08/07/6-questions-paul-veradittakit-pantera

>3 — Looking at the top 100 projects in crypto by market cap, which ones stand out to you – and for what reason?

Recently, I’ve been a big fan of Ampleforth. I’ve known Evan Kuo, the CEO, since college, and he’s one of the smartest guys I know. The cool thing about Ampleforth is that it is strictly a money — not a token acting as a placeholder for the value of some other service.

When you think about the pure monetary-assets we’ve seen, most of them came from forks of Bitcoin. And they’ve all been pretty much the same. There hasn’t been much innovation in the “money-crypto” space. AMPL is the first differentiated money innovation we’ve seen in a long time, which is exciting.

These guys have been thinking about how they would improve upon Bitcoin as a collateral asset from the start, they’ve viewed Bitcoin more as a building-block for future banking systems than as a substitute for dollars. And they’ve really hit the nail on the head of two massive problems in the space that everyone else has ignored until now:

1) Hyper-correlation
2) Supply inelasticity

Their protocol translates volatility from price to supply which has a couple of really interesting effects.

1) It counteracts liquidity crises (like what we saw on Black Thursday with DAI and what we saw under Bretton Woods with gold).
2) It creates a diversified movement pattern that’s unlike any traditional or crypto asset. Which makes it interesting as a collateral asset or as part of a portfolio of crypto-assets.
3) It can be used for contract denomination (lots of people prefer borrowing only against stablecoins on Compound because they don’t know what their debt obligation is with things like ETH or BAT).

If AMPL is adopted as a major DEFI collateral asset, that could bootstrap it to compete with (or complement) Bitcoin in a differentiated way

https://cointelegraph.com/magazine/2020/08/07/6-questions-paul-veradittakit-pantera

>3 — Looking at the top 100 projects in crypto by market cap, which ones stand out to you – and for what reason?

Recently, I’ve been a big fan of Ampleforth. I’ve known Evan Kuo, the CEO, since college, and he’s one of the smartest guys I know. The cool thing about Ampleforth is that it is strictly a money — not a token acting as a placeholder for the value of some other service.

When you think about the pure monetary-assets we’ve seen, most of them came from forks of Bitcoin. And they’ve all been pretty much the same. There hasn’t been much innovation in the “money-crypto” space. AMPL is the first differentiated money innovation we’ve seen in a long time, which is exciting.

These guys have been thinking about how they would improve upon Bitcoin as a collateral asset from the start, they’ve viewed Bitcoin more as a building-block for future banking systems than as a substitute for dollars. And they’ve really hit the nail on the head of two massive problems in the space that everyone else has ignored until now:

1) Hyper-correlation
2) Supply inelasticity

Their protocol translates volatility from price to supply which has a couple of really interesting effects.

1) It counteracts liquidity crises (like what we saw on Black Thursday with DAI and what we saw under Bretton Woods with gold).
2) It creates a diversified movement pattern that’s unlike any traditional or crypto asset. Which makes it interesting as a collateral asset or as part of a portfolio of crypto-assets.
3) It can be used for contract denomination (lots of people prefer borrowing only against stablecoins on Compound because they don’t know what their debt obligation is with things like ETH or BAT).

If AMPL is adopted as a major DEFI collateral asset, that could bootstrap it to compete with (or complement) Bitcoin in a differentiated way

This is the logical building block of DeFi, invest accordingly

This is like bitcoin in 2009. Nobody understands it.

>>29938032
>BTC still seems like a terrible unit of account, because of its deflationary nature?

Anon.. you’re so close to seeing the light

This is like bitcoin in 2009. Nobody understands it.

Why does nobody realize how groundbreaking this is?

Because everyone got burnt in July and thinks it’s a Ponzi?

This is like buying bitcoin in 2011

REEEEEEEEEEEEEE

Why the fuck does this even exist?

How does this piece of crap have a 500 million market cap? All it does is shift volatility from price to supply, what the fuck is the point?

2021... I am forgotten

This is going to be a top 3 crypto isn’t it?

This is going to be a top 3 coin, isn’t it?

This is just a Ponzi right? Nobody is actually still holding it?

This is going to be bigger than bitcoin isn’t it