/biz/ - Business & Finance

>>29593264
better load up on AMPLes before 2bn mc

>>29593264
something different

>>29593386
No thanks I’m gonna but Ditto instead... same idea but way cheaper and on BSC

>>29593610
Good luck but there are better opportunities on BSC and not many better ETH based opportunities in the top 100-200 than AMPL

>>29593759
Why would anyone use ampl over btc lmao

>>29593264
Solves the UBI problem which is based

>>29593873
Go back and read old ampl threads from summer 2020 we've been there many times

>>29593945
Yeah I have the idea is that it’s useful for denominating things, but why is that needed?

>>29593264
>All it does is shift volatility from price to supply
You are wrong.

Its value is pegged to $1 from 2019.
1 AMPL is not worth $1.00, its worth right now $1.024.
Its value stays constant.

>>29594302
1 AMPL is worth anywhere between $0,40 and $3. this piece of shit is way too volatile to be used.

>>29594150
In theory AMPL is extremely uncorrelated to other crypto, in my opinion this is one of its main features. Of course right now, because there is a lot of dumb money in crypto, everything moves with BTC more than it should so this isn't very true right now, but we've had months and months where AMPL was completely unaffected by any kind of big movement of BTC, XRP, ETH, etc..

>>29594302
yup, it will be pegged to $3 in 10 years and it will uncover the huge scam of the FED through simple math

>>29594444
checked, lets hope for $3 end of march

>>29594302
Retard alert

>>29594529
>yup, it will be pegged to $3 in 10 years and it will uncover the huge scam of the FED through simple math
No it won’t, inflation is only 2% right now check the CPI schizo

>>29594682
yikes

>>29594753
The economists at the fed have all under control

>>29594529
>checked, lets hope for $3 end of march
see, why would you want it to be $3? that would be proof of it not working properly.

>>29595038
Scample holders are retarded and don’t even know how their own coin works

If it was at $3 it would surpass the market cap of bitcoin in a matter of days

>>29594993
how ironic
https://twitter.com/cameron/status/1364649706064932865

>>29595038
because the price has to go up before the supply inflates what's wrong about making money lol?

>>29595316
no it wouldn't because rebase is a net 0-sum operation

ample is a scam. avoid this shit like the plague. money literally disappears from your wallet if the price stays below a dollar. i bought it at 68 cents , many months ago. then checked my portfolio weeks later when it was at 74 cents, and i had LOST money.

fuck this scam.

>>29595840
wow the fud campaigns aren't the best these days...

why do you look at the price instead of market cap for a coin with elastic supply? seems completely retarded

>>29595316
Lol, wtf are you talking about? The Mcap would be a little over a 1 billion at 3 dollars.

>>29595988
The tokenomics are evil, they literally steal your tokens to try to prop the price up

It’s like a Ponzi but worse

Buy BASED or DITTO instead

>>29596145
you've been wrong too many times in this thread I don't read your answers anymore

>>29594580
>>29594682
>>29594993
>>29596145

>DITTO
Kek.
I cant believe I replied to some retard's thread.
Go on Dickbutt, go waste your money.

>>29593264
The point is that the problem with Bitcoin and other fixed supply currencies is, that they can't really be used as a 'day-to-day' transactional currency, because their individual units are volatile.

Ampleforth attempts to fix this problem, by having a currency that essentially fractionalizes itself, so that you aren't AS incentivized to hold on to individual units.

A better money, essentially.

>>29596858
I dont hold this shit, but this new way of thinking about money is literally unironically the actual solution to the inflation economics problem and more. It will and does expose the FED and banking reserves.

They are only needed because people need units of money but with something like this (only possible with tech like the internet)
we skip all the problems.

This is the next step of money

>>29597941
Nope, everything in the world comes down to force

The USA has started countless wars and deposed dozens of world leaders to keep the USD valuable

Let me know when any crypto has a standing army backing it.

>>29598544
Any currency that is going to be inflated, is a temporary currency. Historically, this has always been the case.

It doesen't matter how big of an 'army' or how big of a society backs a system like this, hyper-inflation has - and will always be - inevitable under the paradigm of inflation.

>>29598887
I’m gonna trust the best educated economists in the world over some random guy who calls himself Satoshi

And you realize inflation is only 2% right now? Check the official numbers. If things get bad we can just turn off the money printers.

I keep fucking saying this. BASE PROTOCOL.

>>29594753

LMAO I laughed so hard
Ditto gonna be gold compared to USDshit

>>29599094
The 'best educated economists' all agree that what I am saying is true.

I am not talking any timeframes here. I am talking fundamentals. It doesen't matter how long it takes, the US Dollar WILL eventually fail. It's simply a fundamental problem with the mechanism of inflation.

>>29596550
Cope and dilate
The fact that AMPL competitors have had so much success shows how little first mover advantage matters in the crypto world

>>29599377
I’m gonna guess you’re trolling but in case not read about MMT and get back to me

>>29593264
lol, that's why it has an elastic supply

>>29599630
MMT is an ideal, and one that is unrealistic in the real world. This past year alone, has proven this (It already had problems before that, though).

>>29599494
Short term speculation does not accurately reflect what is currently going on with these elastic supply currencies. They need wider integration.
>pic related

>>29594302
> 1 AMPL is not worth $1.00, its worth right now $1.024
anon, this shows that the monetary policy of the USD is affecting the peg

>>29593264
>All it does is shift volatility from price to supply, what the fuck is the point?
That is the point you fucking mongoloid.

>>29600202
It does in it's current denomination, but the point that you are missing, is that the peg is a fixed amount of purchasing power - no matter how you twist or turn it. Sure, because the USD keeps inflating, the denomination in USD will reflect this?

>>29596858
what about the effect of inflation on AMPL since its pegged to the USD

>>29600727
It isn't. This is a common misconception. It is pegged to the purchasing power of a 2019 USD. This is a completely arbitrary amount of purchasing power that will never change.

>>29600191
My brain literally cannot understand how ur supposed to trade this kinda coin.

Can someone explain when to buy and wehn to sell rebased shit?

>>29600952
If the price is below a dollar they steal your coins

If the price is above a dollar they inflate the supply meaning your coins are worth less

It’s impossible to make money with AMPL

>>29601255
You're retarded.

>>29594302
It makes sense on the way up. It absolutely doesn't make sense on the way down.
>you owe us 100 ampl
>cant, got rebased
Rofl

>>29600952
The developers of this protocol literally tell you how to efficiently trade their currency: https://www.ampleforth.org/redbook/ampleforth_fast_and_slow/

>>29600952
Geyser

I will never understand why you AMPL guys aren't bullish as fuck on BASE. It's literally the same thing as AMPL except it tries to peg 1:1 trillion on total crypto market cap. Marketcap at 3 mil down from 80mil at launch in December. Buy a bag after the token release on the 28th.

>>29601400
I just had a 500iq idea, so what if you make a re-rebase coin,

So it trys to peg/rebase to a dollar.

if it goes between 1$-1,5$ you get tokens and if it goes between 1,5$ -2$ they start to decrease again and if it goes down 1$ -0,5$ you lose tokens but if it goes below 0,5$ -> 0$ you start to get tokens again?

explain why this wouldnt work like a triple band rebase

>>29601458
I dont understand that shit. give it to me in 1 sentence, WHEN BUY, WHEN SELL

>>29601389
You’re falling for the bait

>>29601824
Whales would just keep it at 0.01-0.5 forever. Infinite money

>>29601824
Sorry we can’t you’re too low IQ

>>29601746
BASE's peg by design, makes it a riskier choice, since it has the potential to be volatile (in fact, it is).

In a way, you could say that this is kind of anti-thetical to a healthy elastic supply currency.

>>29601824
Christ I think I just had an aneurysm reading this.
Rebases are not arbitrary.

>>29601943
It's literally one (1) page of easily digestible information. If you can't read and understand this, simply DO NOT buy AMPL. You will get burned.

>>29600202
This is exactly why I changed half my AMPL to MARK. That peg to 1.40 protects me even from Euro inflation.

>>29601943
One strat would be to DCA in under 90 cents, then sell chunks when over 1.20. Haven’t tried this though. Geyser is safest option it sounds like for someone like you. Then you’re basically just printing money as a stake-holder in the decentralized Fed of crypto

>>29602203
In the coming months you'll be able to trade it with leverage unaffected by the rebases. Adoption does need to take place, but at the moment it's a great speculative play as the marketcap can't go much lower.

>>29602329
well if u cant explain it in a simple way, you dont understand it either. - Albert einstein

>>29601824
>>29601255
why peg to a dollar when you can peg to five currencies at a go

>>29602678
Base Protocol does this with the crypto marketcap.

>>29602611
>the marketcap can't go much lower

But it can. And at the very least, there is still the chance that it could, which makes it worse choice of peg for a currency. I'm not saying you can't make money buying BASE. But if you are buying fundamentals, BASE is way less likely to succeed in the long run, in comparison to AMPL.

Buying AMPL now, is like buying BTC at an early stage.

>>29602664
I'm sorry, 'u' will have to read.

>>29602788
why peg to a volatile element like the marketcap?
shit isnt stable

>>29603216
reading is for brainlets.

An image shows a thousand words, show me an image that explains how to trade rebase

>>29603555

>>29603086
I very much doubt we'll see the Base marketcap go any lower than 1mil. I agree with you, but I'm buying into Base as the potential gains are far greater due to the low marketcap. It is a much riskier play, but I think it'll pay off

>>29604111
I am not talking about the market cap of BASE, I am talking about the general market cap of cryptocurrency, which is not stable. That was my point, the choice of peg is fundamentally flawed.

>>29603086
AMPL got problems, desu

>>29603240
Smart contracts in development will allow for trading base without rebasing affecting your balance. You will essentially be able to speculate on the entirety of the crypto marketcap. The token needs adoption at this point though as it is only three months old.

>>29604007
it cant be this simple.

So I buy ample at 0.5$
just wait and sell when its 1.5$

repeat? literally free money

>>29604384
List 'em.

>>29604550
Solidity can’t handle rebase tokens so it’s impossible to use with smart contracts that’s why no big exchange has listed it, and they will never list it, it has no future

>>29604784

>>29604550
>list 'em
its rebasing time give fellows time to exploit the market
susceptible to the US monetary policy

>>29605925
1) Rebases are instant.

2) It is in no way susceptible to US monetary policy,

>>29604550
AMPL is too risky because a bug in the code could destroy it in a day look at YAM

AMPL hasn’t even been audited yet and the team has no programming experience. Last thing I heard they ran a pizza shop.

>>29606178
I'm running out of shit-themed brainlets, my guy

>>29606325

>>29596858
Except that it still doesn't solve the problem. Your shares of the supply stay constant after each rebases, while the total market cap can vary. Payment coins need stable value in order to be useful.

>>29594753
It's over...

>>29607884
Which is why this is not a stablecoin, as you point out. It will however become very stable at a high market cap, which is the end goal of this protocol.

This is a problem you either solve by having a centralized entity control the supply - or by having a large amount of people provide this stability.

>>29608556
Okay, but then it's just as stable as any crypto that manage to be as big as the dollar.

>>29593264
It's for high IQs only

>>29609261
Sure, but no other fixed supply cryptocurrency would have a good unit of account for financial products where lending and borrowing for a long time is needed. Say, like a 30 year loan.

>>29610245
Yes, but there will always be one side of the trade ending up with more of less value than at the initial frame of time.
This thing doesn't do anything, aside from reversing the winners and losers of market fluctuation.

>>29610814
Sure, that is also correct. You aren’t really taking into account how - perfectly - scarce fixed supply cryptocurrencies are, however.

Let’s assume for a minute that both AMPL and BTC had ridiculous market caps. Trillions. Still, at these kinds of valuations - if you take out a loan denominated in Bitcoin, that you have to pay in - let’s say - 10 years. You are taking a MUCH larger risk, than you would have with AMPL.