STILL DON'T UNDERSTAND HOW AMPLEFORTH WORKS?

File: 2 KB, 275x183, elasticfantastic.png [View same] [iqdb] [saucenao] [google]

STILL DON'T UNDERSTAND HOW AMPLEFORTH WORKS? Anonymous Sat Jul 25 11:36:24 2020 No.20679518 [Reply] [Original]

Here is the deal. This board has helped me in the past, and I want to repay the kindness, since this is going to be very profitable for everyone involved at this point. Potentially also for someone who has helped me.

Ampleforth (AMPL) is aiming to be a new PRIMITIVE. So what is a primitive? A simple way to explain it, is that Ampleforth is trying to be a new primary medium of exchange. It's literally trying to IMPROVE money, by changing the mechanics of how the supply of the currency works. A money 2.0 if you will.

The thing is, MOST holders still don’t realize what they’ve actually stumbled upon here. Listen. This is seriously the next step in trying to create a better economic system, that potentially can enable prosperity for everyone. It sounds fucking crazy - and it is. You are literally watching history unfold at the moment.

Take a look at this:
https://youtu.be/9-uo-KfnkhI

Hayek was an Economics Nobel laureate, and the idea of an elastic supply comes from him. His idea couldn't really have been carried out, at the time when he was alive. That's also why he talks about it in such conceptual terms, because he just had an IDEA of how the system should work CONCEPTUALLY, not practically. Que the internet, que blockchain - and here we are.

If this experiment succeeds, it will be one of the most monumental things to have happened in the cryptocurrency space since the original Bitcoin white paper - and if we see wider adoption of crypto currencies - it will change money forever.

So there you go, nothing more, nothing less.

>>	Anonymous Sat Jul 25 11:37:07 2020 No.20679531 Geyser ends in 75 days. Hold till then = become filthy rich

>>	Anonymous Sat Jul 25 11:37:30 2020 No.20679541 Textbook Ponzi scheme

>>	Anonymous Sat Jul 25 11:39:16 2020 No.20679567 They even tell you how this scam works in the whitepaper. Just. Look, the total supply does not matter because only the supply on exchanges affects the price. Scam debunked.

>>	Anonymous Sat Jul 25 11:41:09 2020 No.20679605 >>20679541 Ngmi

Anonymous Sat Jul 25 11:43:36 2020 No.20679659

Nobody here really understands it, that much is obvious. I posted a thread asking what the benefit of having elastic supply was and the only replier was a retard just echoing buzzwords and never answering my question.

Here's the deal: it's a competitor to USDT. USDT is hard-locked to be a dollar, but Ampleforth price can fluxuate and increase or diminish supply as it is needed. This has benefits - mainly in price discovery, since early adopters as we rush towards a stable mcap will be rewarded. When USDT mints coins, all of it goes to the dev team for them to use. Increase in supply is entirely the dev's. For ampleforth, increase in supply benefits the holders.
So once we reach a stable mcap, growth will be very slow but steady upwards. The price discovery stage is where the money is to be had.

Anonymous Sat Jul 25 11:44:34 2020 No.20679677

Here's why AMPL is classified as a ponzi:

If coin drops below a dollar the coin starts doing negative rebases.

So current holders of AMPL need people to keep buying in order for rebases to go in their favor.

Think of it as a person who gets money for recruiting other people into their MLM scam

>rinse and repeat until the new buyers get burned and the ones at the top reap the benefits
>Rebase goes brrrr
>BITCONNECT!!!!!

>>	Anonymous Sat Jul 25 11:45:57 2020 No.20679694 >>20679677 You have no idea how the coin works.

>>	Anonymous Sat Jul 25 11:46:33 2020 No.20679714 >>20679531 What do you mean Does it start back up again? Or will there never be staking again

Anonymous Sat Jul 25 11:48:55 2020 No.20679751

>>20679659
>Nobody here really understands it, that much is obvious.
>it's a competitor to USDT. USDT is hard-locked to be a dollar

USDT is correlates to the dollar. Ambleforth correlates to the 2019 dollar. It has broken away from being attached to the same valuation that other stablecoins are.

As I said, it is a new primitive.

>The price discovery stage is where the money is to be had.

You are right about this, hence my post.

>>	Anonymous Sat Jul 25 11:49:46 2020 No.20679773 >>20679714 I heard they will either continue geyser or offer another incentive program

>>	Anonymous Sat Jul 25 11:49:48 2020 No.20679774 >>20679751 A dollar in 2100 = $1 A dollar in 2019 = $1 A dollar in 1900 = $1 Stop being retarded.

>>	Anonymous Sat Jul 25 11:51:14 2020 No.20679794 >>20679751 I think its funny that no one cares how much tether grows in market cap but people are like wtf no way ample can reach 10 billion, just because people are making money from it and they're not.

>>	Anonymous Sat Jul 25 11:51:55 2020 No.20679812 So it literally does keep printing money but it does have value because at this point people are guaranteed to pay more than a dollar. Is that about right?

Anonymous Sat Jul 25 11:54:13 2020 No.20679852

>>20679773
Interesting. Worried me for a second as I just got into this
>>20679774
>A dollar in 2100 = $1
probably won't even buy you one individual french fry
>A dollar in 2019 = $1
can almost purchase you a burger on the dollar menu
>A dollar in 1900 = $1
can buy you 1/20 oz of gold or almost a week's worth of food

>>	Anonymous Sat Jul 25 11:54:28 2020 No.20679858 File: 242 KB, 1374x902, 1595667649889.png [View same] [iqdb] [saucenao] [google] >>20679541

>>	Anonymous Sat Jul 25 11:55:45 2020 No.20679889 >>20679774 Really, try and take the value of 1910 dollar and buy a house with it you utter fucking nitwit spaz. I can’t believe I’m on a board with retards who don’t even understand inflation, either that or this is just bait.

>>	Anonymous Sat Jul 25 11:59:48 2020 No.20679969 File: 278 KB, 1374x902, Ampleforth.png [View same] [iqdb] [saucenao] [google] >>20679541 Be honest, you have the beard and you're a bit chubby aren't you. "Textbook ponzi scheme" Cringe.

Anonymous Sat Jul 25 12:00:05 2020 No.20679976
File: 172 KB, 1200x713, detherchads.png [View same] [iqdb] [saucenao] [google]

>>20679518
why cares about rebase, cobase, mobase ...
Real Chads buy Dether and Dether goes up. 1 Million Marketcap. Already on Coinbase. Buy low, sell high, like a real Chad and stop with this rebase Faggotery.

Anonymous Sat Jul 25 12:02:09 2020 No.20680022

>>20679812
Listen here. With any other normal fiat currency, you lose value if you hold it and it inflates. There is simply more of it - and the distribution is never readjusted.

This currency works in your favor, and redistributes the wealth, every time the currency inflates. Your value is stored. It is a store of value - yet because of the elasticity, it doesen't de-incentivize spending, like Bitcoin does.

You don't want to use Bitcoin EVER as a day-to-day currency, since it has a fixed supply. You want to hoard it - like gold. This is why Ampleforth is great. It literally solves the problem that Satoshi tried to solve.

>>	Anonymous Sat Jul 25 12:03:18 2020 No.20680046 >>20680022 With credit to ethereum for providing a decentralized blockchain upon which to host it on.

Anonymous Sat Jul 25 12:06:04 2020 No.20680096

ampleforth sucks because the balance of a wallet changes. MXC listed it then immediately delisted it when they realized how stupid it is. Few CEX will list, seriously doubt binance or coinbase will. This is terrible coin that was designed by morons. Big exchange doesnt want wallet balance to go DOWN, they would have to cancel all orders, change everyone balance, then unfreeze. Really bad design, dump it immediately

>>	Anonymous Sat Jul 25 12:06:09 2020 No.20680100 >>20680046 Definitely. BTC, ETH and AMPL are going to be your holy trinity of primitives if this succeeds. That is, unless something upends ETH. But it is probably too big to fail at this point.

>>	Anonymous Sat Jul 25 12:07:48 2020 No.20680140 >>20680096 >Was literally designed by an Economics Nobel laureate >moron >ampleforth sucks because the balance of a wallet changes Okay, anonymous 4chan poster.

>>	Anonymous Sat Jul 25 12:12:45 2020 No.20680249 EXCEPT THE TEAM OWNS 90% OF THE SUPPLY HAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHA

Anonymous Sat Jul 25 12:17:09 2020 No.20680323

>>20680022
But if the marketcap goes down my value isn't really stored, right? I now own a % of a number that is going down.
If I'm not too late yet I'm gonna be too late by the time I have it all down. I understand bits and pieces. Afraid I have to just throw money at it or not at this point.

>>	Anonymous Sat Jul 25 12:17:30 2020 No.20680330 >>20680249 110% false, entirely decentralized. You're looking at exchange, uniswap, and locked team tokens

>>	Anonymous Sat Jul 25 12:19:24 2020 No.20680363 File: 288 KB, 540x713, money-so-much-money.png [View same] [iqdb] [saucenao] [google] >>20679518 It's wonderful to see somebody that sees the potential. I cheer to you Anon. t. 40k Amplet

Anonymous Sat Jul 25 12:20:54 2020 No.20680404

>>20680323
It is, because it goes both ways.

Don't look at how volatile it is right now. In a world where the market cap is sufficiently large - say, like Tethers, the elasticity will not rebase you negatively - it would simply take too many big movements.

Thus storing your value.

>>	Anonymous Sat Jul 25 12:21:01 2020 No.20680408 >>20680323 Indeed, as market cap goes down you DO lose money, depending on when you got in. But we are in the discovery phase now. Now it's literally the best time to get in, before discovery ends.

>>	Anonymous Sat Jul 25 12:25:10 2020 No.20680522 File: 57 KB, 716x537, 20200725_092358.jpg [View same] [iqdb] [saucenao] [google] >>20680330 ONLY 10% TO THE PUBLIC HAHAHAHAHAHAHAHAHAHAHAHAHAHAH

>>	Anonymous Sat Jul 25 12:25:31 2020 No.20680534 >>20680404 This. Also, buying above 1$ gets you extra supply until the price is 1$ again. And also, buying below a dollar gets you "punished" with negative rebase until it reaches 1$ again. The more i research, the more brilliant this is.

>>	Anonymous Sat Jul 25 12:26:24 2020 No.20680547 >>20680522 THEY FUCKING SOLD 9% MORE TO THE SEED INVESTORS HAHAHAHAHAHAHHAHAHAHAHAHAHAGAGAGAGHAHAH MUH NEW MONEY THEY FUCKED THEMSELVES WITH THEIR FUCKING GREED DUMB BITCHES>>20680330

>>	Anonymous Sat Jul 25 12:27:49 2020 No.20680586 >>20679531 How does this make me money? I put in $2.5 and get 1ampl. Rebase happens, ampl goes to $1 and I get 2.5 ampl. How to profit?

>>	Anonymous Sat Jul 25 12:34:15 2020 No.20680756 >>20680547 Proof%

Anonymous Sat Jul 25 12:34:56 2020 No.20680769

Honestly, I think it's impossible for some people to grasp... it's been explained TO DEATH on this board and there's still people who think it's only up 3x or that rebases affect your holdings lol

The good news is that this means it's still VERY early for AMPL

>>	Anonymous Sat Jul 25 12:36:06 2020 No.20680802 >>20680586 Wait and see, im up 50% in a week. Easy monies. Fucking simple! This is what it feels like to buy BTC early

>>	Anonymous Sat Jul 25 12:38:16 2020 No.20680856 >>20680756 Don't engage posters who try to FUD the supply. They still haven't fundamentally grasped how the currency works. Or perhaps they have, and they are trying to push the price down, because they want to short-term trade it.

>>	Anonymous Sat Jul 25 12:39:16 2020 No.20680880 >>20680802 That is not a fucking answer. You're making it sound like a Ponzi. Obviously price goes up when more people buy, but what does long term growth look like. How does one make money on a stablecoin? Why am I buying a $1 stablecoin at $2.5?

Anonymous Sat Jul 25 12:39:33 2020 No.20680884

>>20679518
This post contains all the verbiage of a scam. When you here phrases like:

>nobody really understands it
>people just aren't ready for the future
>if you haven't bought, you're obviously dumb

Not even to get into the fundamental structure of the project which is LITERALLY built as a scam fro the ground up.

If you have bought or are thinking of buying this then you really are a fucking imbecile and deserve to lose the money you're about to lose.

>>	Anonymous Sat Jul 25 12:41:04 2020 No.20680915 >>20680522 >>20679518 Gg-gguys... isn't this a bit concerning? Literally 90% is still locked.

>>	Anonymous Sat Jul 25 12:41:21 2020 No.20680923 >>20680880 HOW ARE YOU NOT UNDERSTANDING THIS YET OH MY GOD LOLOOLOOLOL

>>	Anonymous Sat Jul 25 12:42:52 2020 No.20680949 File: 36 KB, 607x505, 1594648877821.jpg [View same] [iqdb] [saucenao] [google] >>20679518 I only have 325 AMPL can someone reassure me that everything will be okay?

>>	Anonymous Sat Jul 25 12:44:17 2020 No.20680982 >>20679541 >>20679567 Screenshotting. See you guys when we're a top 3 coin

Anonymous Sat Jul 25 12:45:51 2020 No.20681016

>>20680586
You are just hoping that retards see the lower price and buy in, thereby increasing the marketcap. This is all psychological, all the people that pretend like they are big brains and understand this are actually room-temp IQ and don't see that it is just a slightly different mechanism than price per coin, but it is still just MC goes up = you make money, MC goes down, you lose money

>>	Anonymous Sat Jul 25 12:47:11 2020 No.20681043 >>20679518 thanks op. that hayek video brought a tear to this anons eye. beautiful man

>>	Anonymous Sat Jul 25 12:47:29 2020 No.20681048 >>20679794 The crazy thing is that AMPL is the perfect funnel to take market cap away from all currencies, not just crypto. It will solidify itself as the ultimate stable coin one day.

>>	Anonymous Sat Jul 25 12:47:55 2020 No.20681059 >>20680880 Well fuckface , get some braincells, read the whitepaper, become smarter, think and fucking DYOR! If in doubt still buy

Anonymous Sat Jul 25 12:48:47 2020 No.20681074

>>20680756
https://cryptorank.io/currencies/ampleforth/ico
>>20680856
kek, fine go ahead and stick your head in the sand and igore the FACT THAT 90% OF THE SUPPLY IS IN PRIVATE HANDS !!! THATS NO DIFFERENT THEN THE SYSTEM WE HAVE NOW. THE PUBLIC IS SPENDING THEIR HARD EARNED MONEY TO PUMP THE BAGS OF THE RICH FUCKING NOTHING CHANGES, FUCK THESE GREEDY MOTHERFUCKERS

>>	Anonymous Sat Jul 25 12:52:46 2020 No.20681182 >>20681059 >If in doubt still buy Why not just literally name it PonziCoin?

>>	Anonymous Sat Jul 25 12:54:07 2020 No.20681210 File: 10 KB, 330x153, download.jpg [View same] [iqdb] [saucenao] [google] >>20681074 Explain to me how the supply of this cryptocurrency works.

>>	Anonymous Sat Jul 25 12:55:52 2020 No.20681247 Let these noobs get robbed. They are cunts and deserve it.

>>	Anonymous Sat Jul 25 12:56:45 2020 No.20681270 >>20680534 So wait till its 5 dollars before buying in?

>>	Anonymous Sat Jul 25 13:00:38 2020 No.20681361 File: 9 KB, 288x288, 1583374644253.jpg [View same] [iqdb] [saucenao] [google] >>20681270 Yes

>>	Anonymous Sat Jul 25 13:01:12 2020 No.20681370 >>20680884 OP said none of the phrases you quote him as saying

>>	Anonymous Sat Jul 25 13:02:51 2020 No.20681406 >>20681370 He quoted their essence and many others have written them in relation to Ampleforth. It is one of the more high-brow scams around but still a scam nonetheless.

>>	Anonymous Sat Jul 25 13:04:21 2020 No.20681431 >>20679531 what's this gay sir shit? is it chainlink related?

Anonymous Sat Jul 25 13:06:39 2020 No.20681475

main thing im confused about is lets say this does take off and billions of ampl are created, how will it a sound stable coin when whales could easily dump the price? Unless it really has TONS of volume, i don't see it being a reliable stable coin. Not going to stop me from making bank on it tho

Anonymous Sat Jul 25 13:07:03 2020 No.20681482

>>20681210
well lets say, private hands own 90% of supply at 100 million MC. so thats 90million. then it goes to 100billion. so now, private hands own 90billion tokens. supply changes, % of total remains the same, price trends down based on incentives. am i getting it?

>>	Anonymous Sat Jul 25 13:08:33 2020 No.20681503 >>20681475 thats a concern considering 90% of the supply is in private hands. otherwise, the 10% wouldnt have enough to dump it at that MC, or so goes the theory

Anonymous Sat Jul 25 13:11:13 2020 No.20681560

>>20681475
They wouldn't be able to easily dump the price. That is why this is so brilliant. The elasticity and general market cap simply prevents it. I know I sound like a broken record in this thread, but it really is quite the innovation upon fiat currencies.

Another thing to note is, that this is NOT a stablecoin, and it is not going to be either. It as an entirely new asset - a new primitive as I said. This is what people need to grasp, it is an IMPROVEMENT upon how money has worked since the inception of federal reserves.

Anonymous Sat Jul 25 13:12:57 2020 No.20681595

>>20681503
You are completely disregarding how the currency works. It seems to me, that you have not understood what it means that the supply is elastic.

Try to read more about it, and really think about what this means when the market cap is very high.

>>	Anonymous Sat Jul 25 13:14:50 2020 No.20681648 >>20681560 Bless ye

>>	Anonymous Sat Jul 25 13:15:41 2020 No.20681667 >>20679659 >flexable currency >supply changes vs dollar >elastic supply > read the white paper Yeah, sounds like someone is trying to convince you that chiiinaa currency manupulation is a good thing and should be a crapto coin. Hard pass.

>>	Anonymous Sat Jul 25 13:17:14 2020 No.20681701 >>20681016 pretty much this, its kind of funny seeing how many shills think they're geniuses for "getting" it. the premise is very simple

Anonymous Sat Jul 25 13:19:19 2020 No.20681748

>>20681560
>They wouldn't be able to easily dump the price. That is why this is so brilliant.
question: you think the seed round investors who got 19% of the supply versus the 10% for the public, might be able to dump it? in theory ofcourse, i know they are locked

Anonymous Sat Jul 25 13:21:30 2020 No.20681795
File: 34 KB, 630x630, 1531658_1.jpg [View same] [iqdb] [saucenao] [google]

>>20681016
>all the people that pretend like they are big brains and understand this are actually room-temp IQ
>MC goes down, you lose money

Anons who understand how Ampleforth works, how do we make people like this realize what an elastic supply means for a high market cap currency? I simply refuse, not to fight for the economic freedom of the general populace.

>>	Anonymous Sat Jul 25 13:24:10 2020 No.20681844 >>20681795 say you buy in right now and the market cap drops to $200MM. convince me you don't lose money.

>>	Anonymous Sat Jul 25 13:27:37 2020 No.20681916 It's either the biggest thing in crypto and will replace tether, or it's a flash in the pan that will leave tens of thousands absolutely wrekt in a phenomenal loss of unrealized gains as well as loss of investment. There is no in between.

>>	Anonymous Sat Jul 25 13:30:49 2020 No.20681978 >>20681844 You do. I'm not saying there is no risk involved in investing in this right now, but what I am talking about is how elasticity works at a high market cap. It is simply brilliant.

>>	Anonymous Sat Jul 25 13:42:44 2020 No.20682248 >>20681916 this applies to 100% of all "cryptos", so nothing new. only fools risk money they can't afford to lose.

Anonymous Sat Jul 25 13:54:18 2020 No.20682480

>>20681748
Why would they dump it? If you are a seed round investor, first of all, I am assuming that you want the thing you are investing in to succeed. Secondly, I am pretty sure that it is common practice to make agreements on how these types of investors are allowed to sell-off their investments. It's not like 19% of the supply will be dumped on the market one Thursday afternoon.

If this project/experiment succeeds, they probably wouldn't sell everything - and the amount that would be sold, will be absorbed by the market.

I get the concern. People have been conditioned by 4 years of PnD's and are understandably sensitive to fantastical ideas.

>>	Anonymous Sat Jul 25 14:08:26 2020 No.20682725 What will actually happen when it goes below $1? Like I'm trying to understand what exactly creates buy pressure to pump it back to levels above $1 if holders be losing AMPL during this time due to negative rebase?

>>	Anonymous Sat Jul 25 14:12:39 2020 No.20682828 Who does Amplforth think they are?

>>	Anonymous Sat Jul 25 14:13:34 2020 No.20682845 >>20682725 Free money? The protocol will always even out at 1 USD.

Anonymous Sat Jul 25 14:14:12 2020 No.20682856

>>20682725
It depends a lot on human psychology. Will people collectively buy at the same time when the price dip, which would cause it to go back above a dollar quickly before rebases can occur, or would people approach cautiously and hope that other people pump the price while they wait for price to go back up? The latter would take much longer and could take days or weeks to go back up, meanwhile you would be bleeding tokens every day.

>>	Anonymous Sat Jul 25 14:14:36 2020 No.20682860 >>20679518 You havent actually explained how it improves money

>>	Anonymous Sat Jul 25 14:17:12 2020 No.20682911 >>20681844 You don't once you break even on your initial.

>>	Anonymous Sat Jul 25 14:17:49 2020 No.20682926 >>20679659 >This has benefits - mainly in price discovery, since early adopters as we rush towards a stable mcap will be rewarded. No shit, that's why early adopters of winning tech profit. How is this a pro for this coin?

Anonymous Sat Jul 25 14:17:57 2020 No.20682927

>>20682860
It improves money by making it resistant to inflation, effectively turning a primitive (like BTC or USD) into a store of value.

If money was like this, we wouldn't have such a large gap between rich and poor, because countries wouldn't be able to effectively rob their own citizens.

>>	Anonymous Sat Jul 25 14:19:00 2020 No.20682951 >>20682860 Also, you didn't watch the video.

Anonymous Sat Jul 25 14:20:42 2020 No.20682976

>>20682845
>The protocol will always even out at 1 USD.
That's not an explanation, I understand why it evens out when ABOVE $1, but how or why does it even out BELOW $1?

Lets say it crashes to $0.5 and the next rebase is -10%, what incentivizes anyone to scoop up cheap AMPL when you'll get them deducted from your wallet in the next rebase???

>>20682856
Yes it depends on human psychology but there must be actual measures in place to incentivize buying of AMPL below $1, you're actually being disincentivized to buy below $1

>>	Anonymous Sat Jul 25 14:22:02 2020 No.20682996 >>20682927 You have been tricked, instead of number of coins think about percentages. Who the fuck gives a shit about how much supply there is. It's a deflationary currency with a useless daily price lag spin added on top of it.

>>	Anonymous Sat Jul 25 14:23:34 2020 No.20683020 >>20682976 Anon. How the fuck does elasticity work? It works in both directions. So what happens if you buy at say, 0.5 USD without pushing the price up. Think before you respond to this post.

Anonymous Sat Jul 25 14:23:57 2020 No.20683027

>>20682976
Let's roll with your hypothetical
>9:59 PM
>1 AMPL = $0.50
>10:00PM, all AMPL balances are cut by 10%
>Massive frenzy of whales buying 50 cent AMPL in anticipation of the next rebase not being a negative one, and getting AMPL at 50 cents a piece, when it ultimately is headed towards $1 based on pure math

Anonymous Sat Jul 25 14:24:34 2020 No.20683037

>>20682976
>you're actually being disincentivized to buy below $1
Correct, which is why if this ever dips below $1, you will see panic selling the likes of which you have never seen and AMPL will probably drop to 20-40c in a matter of minutes. We know the mechanics of how it will work below a dollar, we just don't know what people will do

>>	Anonymous Sat Jul 25 14:25:45 2020 No.20683061 >>20682996 How have I been tricked? Your post in no way relates to my post.

Anonymous Sat Jul 25 14:28:47 2020 No.20683114

>>20683061
> It improves money by making it resistant to inflation

Bad wording on my part and mistake on the price lag concept. It's not even a price lag, it's just a daily readjustment of supply which does nothing but dangle keys in front of dumbass traders who think they can make a profit.

My point was that you don't need this gimmick to make a deflationary token.

>>	Anonymous Sat Jul 25 14:32:10 2020 No.20683184 >>20683114 Also deflation is pretty bad. It slows down movement of money by giving you and incentive for hoarding, in turn creating inflation when people start spending massively.

Anonymous Sat Jul 25 14:33:09 2020 No.20683208

>>20683114
I think you have misunderstood something. Ambleforth is not aiming to be deflationary. Look. This is the literal definiton:

"In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0%"

This does not describe AMPL. It describes Bitcoin, since it has a fixed supply. You cannot create more, Bitcoin can only be lost - it is directly the opposite of inflationary. AMPL is a middle-ground - and one that we need (!!) since deflationary currency DE-INCENTIVIZES economic growth in society.

>>	Anonymous Sat Jul 25 14:33:45 2020 No.20683215 >>20683037 If this dips below $1 it’ll get bought up faster than it takes you to cum in a man’s ass

>>	Anonymous Sat Jul 25 14:35:13 2020 No.20683246 >>20683215 I'd drop 50k on this if it dipped to $1 today.

>>	Anonymous Sat Jul 25 14:36:52 2020 No.20683281 >>20683215 You will have all the whales exiting and anyone else who has already made a lot of profit, and the only ones to buy will be newcomers who probably aren't the type to throw $100k at a coin that is going down rapidly in price

>>	Anonymous Sat Jul 25 14:39:10 2020 No.20683338 >>20683208 Ok, I'm tired and writting non-sense. What is going to happen IF AMPL becomes the standard by which other currencies get their value from? Does it even want to be that?

Anonymous Sat Jul 25 14:42:13 2020 No.20683395

>>20683338
Ambleforth wants to replace money. I can't really describe it to you differently. It is literally money that can't be inflated.

Imagine if we had a stable medium of exchange, like the US Dollar - except it didn't lose value over time. That is what this is. It's next level.

>>	Anonymous Sat Jul 25 14:52:12 2020 No.20683573 >>20683395 Yeah I still don't get it. If it was really time then it would just be a coin with a variable supply instead of variable price. Doesn't change anything.

Anonymous Sat Jul 25 14:52:46 2020 No.20683584

I have a question. One of the applications of AMPL is to be a collateral for DeFi, has its value doesn't change (stays around 1$). But what happens if you put your entire stack in collateral and then a negative rebase happens? You won't own the amount needed anymore correct?

Anonymous Sat Jul 25 14:53:21 2020 No.20683595
File: 8 KB, 235x215, 945678231.jpg [View same] [iqdb] [saucenao] [google]

>>20683573
>then it would just be a coin with a variable supply instead of variable price.
anon.... you really shouldn't be investing money into anything. you are dangerously stupid

>>	Anonymous Sat Jul 25 14:54:49 2020 No.20683626 >>20683573 almost self-aware

>>	Anonymous Sat Jul 25 14:55:02 2020 No.20683629 >>20683595 Oh and I forgot to mention the capped delta for price adjustment.

Anonymous Sat Jul 25 14:56:47 2020 No.20683672

>>20683573
>>20683629
look anon, im absolutely begging you right now. consider me on my knees, begging with absolutely 0 self respect. please. please, fucking please anon
post your portfolio.

i sincerely need this in my life today, it would bring me so much joy

Anonymous Sat Jul 25 14:56:47 2020 No.20683674

>>20683573
I don't understand what you are saying, and I am not sure you are either? Ambleforth has a variable supply. It is the whole point of the currency.

>>20683584
You are looking at Ambleforth as a volatile asset (which is currently is) - however, when the market cap has reached a sufficient size, the elasticity prevents it from being too volatile to be used as collateral. This is the goal.

Anything with a small market cap is volatile.

>>	Anonymous Sat Jul 25 15:02:42 2020 No.20683800 >>20683672 +1

>>	Anonymous Sat Jul 25 15:03:06 2020 No.20683807 >>20679518 Listen her you fucking faggot. I get it now. I finally get.

Anonymous Sat Jul 25 15:03:15 2020 No.20683812

>>20683674
I understand anon, but the mechanics threw which it prevents volatility is through rebase. Right now we have lots of positive and a couple negative and both are substantial. In the long run I take it there will be almost 50/50 negative and positive but with very tiny %. But if you put your entire 100 000 AMPL as collateral, and rebase brings it to 99 999.9999 the following day, then you have a problem. Do you see my point? I am sure AMPL has an answer to this somewhere but I wasn't able to find it. This isnt FUD btw, I have AMPL and I love it, I was just wondering.

>>	Anonymous Sat Jul 25 15:05:51 2020 No.20683868 >>20679541 Its shitcoin of the month, i barely have the energy to warn nufrens about it

>>	Anonymous Sat Jul 25 15:06:04 2020 No.20683876 >>20679518 Hang on. Doesn't the elastic supply prevent ampl from pumping? It's the increase in demand and limited supply that causes insane pumps. So if supply is elastic, isn't this just a stable coin?

>>	Anonymous Sat Jul 25 15:08:49 2020 No.20683939 >>20683876 It IS A STABLE COIN. DYOR

>>	Anonymous Sat Jul 25 15:10:08 2020 No.20683968 >>20682926 Since in USDT, mcap increasing means jack shit other than an extra 100mil USDT in the dev's wallets. In Ampleforth, holders get rewarded with the new minted Ampleforth. >>20681667 ???

Anonymous Sat Jul 25 15:13:02 2020 No.20684031

>>20683812
Ah, I see what you mean. This is going to be handled by entities like MakerDAO, for example:

The core of the theory is that the % change in supply can be mitigated through the Maker collateral ratio.

Read more here: https://forum.makerdao.com/t/ampl-mip6-collateral-onboarding-application/2985/12

It is however, in it's current state too volatile. It will however end up being used as collateral, since it benefits everyone.

>>	Anonymous Sat Jul 25 15:13:46 2020 No.20684043 When you preemptively and defensively make memes about your crypto being a ponzi scheme by declaring those calling it a ponzi scheme as someone who 'just doesn't get it'.

>>	Anonymous Sat Jul 25 15:15:00 2020 No.20684068 File: 41 KB, 690x362, retard.jpg [View same] [iqdb] [saucenao] [google] >>20683939 >>20683876

>>	Anonymous Sat Jul 25 15:15:33 2020 No.20684081 >>20684043 Think of it this way. The coin is designed to never go down, only stagnate, ALA a logarithmic curve. Whether the coin design will achieve this goal is to be seen.

Anonymous Sat Jul 25 15:15:51 2020 No.20684089

>>20683876
>>20683939
The elastic supply EVENTUALLY brings AMPL back to 1 USD through continuous redistribution of the currency.

It is NOT a stablecoin - I understand your confusion - but by literal definition this a not a stablecoin. It is a completely novel form of money.

>>	Anonymous Sat Jul 25 15:18:15 2020 No.20684141 >>20684081 You can lose coins through rebase, right? At a certain point the pump is going to stop or reverse and people are going to get fisted by supply smoothing or whatever it's called, right? Don't get me wrong, I regret not investing. Deeply.

>>	Anonymous Sat Jul 25 15:18:44 2020 No.20684155 >>20684081 >>20684089 so which is it? Logarithmic or goes back down to 1 USD?

Anonymous Sat Jul 25 15:22:51 2020 No.20684236

>>20684155
In my example, I assumed that the price was above 1 USD, since the posters example was referring to a scenario where the currency pumped.

The same is equally true if it falls below 1 USD, it will correct back to 1 Dollar through continuous redistribution.

Anonymous Sat Jul 25 15:26:57 2020 No.20684334

>>20684155
Do you understand how the token works? I'm saying the market cap is logarithmic. Price has a target of 1$ and will constantly either print or delete supply to reach it.

>>20684141
It doesn't require constant action to not collapse. If the big buys stop and price starts hovering within cents of 1$, we will see practically no change in supply/market cap from rebases. The only way to drop would be massive sells - but the idea is that the price will always eventually stabilize to 1$, so there will be massive buy pressure beneath a dollar since it's guaranteed money.
If the idea doesn't work and people stop believing in the stabilization then yeah, the coin will drop like an anchor.

Anonymous Sat Jul 25 15:27:38 2020 No.20684361

>muh nobody understands ampleforth

It's literally an ERC token with no properties other than an irrelevant re-base that brainlets thing is relevant

Imagine there are 100 tokens valued at 2$ each. You hold 20 of them

Suddenly they rebase and there are now 200 tokens at $1 each and you own 40 of them.

What changed?

Your purchasing power remained the same, your percentage of the overall market cap remained the same. Nothing actually changed.

I can't tell if the people who think this is revolutionary are just complete brainlets or just trying to move along the scam.

>>	Anonymous Sat Jul 25 15:27:41 2020 No.20684362 File: 49 KB, 893x459, lol.jpg [View same] [iqdb] [saucenao] [google] >>20684081 >designed to never go down literally went down for 3 months straight with constant negative rebases. lol

>>	Anonymous Sat Jul 25 15:28:00 2020 No.20684366 >>20680949 Well the more you have the more you stand to lose on a negative rebase, so I think you're fine.

>>	Anonymous Sat Jul 25 15:28:51 2020 No.20684380 >>20684334 >so there will be massive buy pressure beneath a dollar since it's guaranteed money. This is wrong, you fucking retard If the price is below a dollar they delete coins. So it might eventually go back to a dollar but you own less coins

Anonymous Sat Jul 25 15:29:13 2020 No.20684389

>>20684334
>If the idea doesn't work and people stop believing in the stabilization then yeah, the coin will drop like an anchor.

the thing to remember is this corn is intended to be uncorrelated with bytecorns. even if its not stable at 1USD it could serve this purpose.

>>	Anonymous Sat Jul 25 15:29:18 2020 No.20684393 >>20684361 >How is this revolutionary It is resistant to inflation. For something that aims to be literal money, how is that not revolutionary and good for everyone?

>>	Anonymous Sat Jul 25 15:30:27 2020 No.20684418 >>20684334 it will go to $1 but without a locked liquidity vault on uniswap there will be nowhere to exchange it

>>	Anonymous Sat Jul 25 15:30:30 2020 No.20684419 >>20684393 I don't understand how this is supposed to be any more resistant to inflation than any other non-fiat asset

>>	Anonymous Sat Jul 25 15:32:07 2020 No.20684458 >>20679541 Show me the fucking textbook that talks about elastic supply

Anonymous Sat Jul 25 15:32:24 2020 No.20684461

>>20684334
imagine buying 100$ worth of ampl at 0.8$ ampl. next rebase you have less coins, now imagine thats going on for months without a need for the token. negative rebases and you lose all the way down. yes you always have the same %, but noone wants to lose money every day, so the sell pressure will be immense, liquidity will dry up and it will die.

Anonymous Sat Jul 25 15:33:04 2020 No.20684482

>>20684393
It's not any more resistant to inflation than a generic erc token with fixed supply.

Imagine I create an erc token. It has no utility or properties, and never will.

That is ampleforth.

The re-base is irrelevant. It doesn't change anything. It doesn't solve inflation, it's not revolutionary.

It plays into flaws in human psychology, people think they are earning interest/dividends. In reality it is meaningless.

Anonymous Sat Jul 25 15:33:39 2020 No.20684496

>>20684419
It is aiming to do what fiat assets do. You don't want to use Bitcoin as a medium of exchange, since it is deflationary. You want to hoard bitcoin - it de-incentivizes economic growth as a day-to-day currency because it is finite.

Fiat currencies are subject to inflation, therefore normal stablecoins like Tether are also subject to inflation. Ambleforth is not.

Do you see the purpose?

>>	Anonymous Sat Jul 25 15:33:48 2020 No.20684502 >>20679659 >Nobody here understands it Cope. We understood and bought weeks ago.

>>	Anonymous Sat Jul 25 15:34:54 2020 No.20684526 >>20684482 >It's not any more resistant to inflation than a generic erc token with fixed supply. If something has a fixed supply, it is by definition deflationary. Ambleforth is not deflationary. I encourage you to read more about how this works.

>>	Anonymous Sat Jul 25 15:35:17 2020 No.20684534 >>20680022 It de-incentives spending right now.

Anonymous Sat Jul 25 15:35:17 2020 No.20684537

>>20684361
The benefit is
A. Tricking idiots and normies (bigger than you might think)
B. It doesn't automagically drop the price, it goes like this:
>You have 100 AMPL at 2$ per AMPL
>Rebase, you have
200 AMPL at 2$ per AMPL
>People sell their new stack, goes back to 1$ per AMPL theoretically but as it has turned out it only drops to like 1.1$ then goes back up. For now that means big profits, later you will draw even since yeah, there is no difference between 200 AMPL at 1$ v.s. 100 AMPL at 2$.

>>20684380
Think of it this way. Right now we get a pump, then a massive dump right after rebase with price above 1$. There will be massive dumps right before rebase when price is below 1$, then pump right after.

>>	Anonymous Sat Jul 25 15:35:42 2020 No.20684547 >>20684461 Same deal with every coin you fucking pleb pussy.

Anonymous Sat Jul 25 15:38:21 2020 No.20684610

>>20684534
If you read my other posts, you will quickly learn that what I have been saying is - that this is an investment opportunity right now.

Once this reaches a market cap where the elasticity has the intended effect, it becomes a currency that will be used as a medium of exchange WHILE also being a store of value. The idea is just absolutely genius.

>>	Anonymous Sat Jul 25 15:40:44 2020 No.20684663 >>20684496 I think I see what you are saying

>>	Anonymous Sat Jul 25 15:41:11 2020 No.20684670 Guys can I just put in 50k a few minutes before the rebase, make 5k and then pull out and come back the next day? Or I need to sit in 24 hours between each rebase?

>>	Anonymous Sat Jul 25 15:42:28 2020 No.20684693 >>20684663 Anon, if I have managed to just get the message across to one person today, it has all been worth it. I truly hope you make it.

>>	Anonymous Sat Jul 25 15:43:15 2020 No.20684705 >>20684670 You can but you have to have high gas and get lucky. Lots of other people are trying that.

Anonymous Sat Jul 25 15:43:40 2020 No.20684714

>>20684547
>Same deal with every coin
What other coin has a negative rebase below a dollar?

>>20684670
That isn't how it works. When you get a 10% rebase, the price drops by a roughly equivalent amount so you value stays the same. It only goes up when more people buy

>>20684693
Thanks. I hold AMPL, and understand it, but I had not looked at that particular aspect of it before

>>	Anonymous Sat Jul 25 15:44:51 2020 No.20684740 >>20684670 no, quick money, everyone does it.

>>	Anonymous Sat Jul 25 15:46:47 2020 No.20684785 my ampl went DOWN since it went into the geyser i have a bunch more eth though so it doesnt seem so bad hope i didnt get rekt on impermanent loss

Anonymous Sat Jul 25 15:48:22 2020 No.20684821

>>20684526
I encourage you to read basic finance.

If there are 100 units of an asset valued at 2$, and then they rebase to 200 unites valued at 1$, literally nothing changed except the denominator.

It's been done in the stock market for decades and is called a stock split.

It is not revolutionary, it does not change how deflationary/inflationary the coin is. It is irrelevant, it just makes the trading number more convenient.

That's literally why they do it in the stock market,if the stock price gets too high that trading individual shares becomes impractical they will do a stock split. Or if the stock price becomes a few cents they'll do a reverse split.

>>20684537
The overall value trend when we are below 1$ will be negative because all the brainlets that bought for "muh dividends" will exit.

>>	Anonymous Sat Jul 25 15:51:18 2020 No.20684891 >>20684821 It's goal is to strip value away from other cryptos whose sole function is as a value rather than a useful object. Because of this I'm totally fine with buying in 50k because this is very transparent.

>>	Anonymous Sat Jul 25 15:51:27 2020 No.20684895 >>20684821 >It is not revolutionary KEK If anything, AMPL has sparked more discussion than biz has had for 2 years.

Anonymous Sat Jul 25 15:53:44 2020 No.20684941

>>20684895
Yeah discussion among brainlets who don't realise its a ERC token with a trick that is actually totally irrelevant

>>20684891
Again, it's just an erc token without utility.

If it's sole value proposition is as a currency/store of value then it would need to bring something new to the table, which it doesn't. It's strictly worse than ethereum as a currency/store of value.

Anonymous Sat Jul 25 15:58:52 2020 No.20685054

>>20684821
I think you might be trolling, but here I go:

>It is not revolutionary, it does not change how deflationary/inflationary the coin is. It is irrelevant, it just makes the trading number more convenient.

What would happen, if you buy 100 AMPL today (and it is sitting at a stable price of 1 USD), and you wait for 20 years.

Let's say you also kept 100 physical US Dollars on the side during this time.

After 20 years, you compare the two portions relative values to the currencies they are in (The bills to USD and the AMPL to the total supply of AMPL, respectively).

100 AMPL will have the same relative worth to all other AMPL tokens. The currency has not been inflated.

100 US Dollars will not have the same relative value, because now, there is simply a higher supply of US dollars, because more has been printed during the 20 years. Your US Dollars have lost value, your AMPL has not.

>I encourage you to read basic finance.
I'll just take this as a weak retort. If it is not, you seriously need to go back.

>>	Anonymous Sat Jul 25 16:01:23 2020 No.20685109 >>20685054 The same can be said for any scarce commodity

>>	Anonymous Sat Jul 25 16:04:28 2020 No.20685169 >>20685109 No it cannot. What scarce commodity readjusts it's own supply? That is why this is revolutionary. We literally have a new money here, that readjusts it's own distribution.

>>	Anonymous Sat Jul 25 16:05:17 2020 No.20685188 >>20685054 Even worse, the currency will be abandoned like the 4 previous dollars usa corporation has used and discarded.

Anonymous Sat Jul 25 16:10:32 2020 No.20685307

>>20685054
>100 AMPL will have the same relative worth to all other AMPL tokens. The currency has not been inflated.

Which is exactly equivalent to an ERC token with a fixed supply. Which is exactly what ampleforth is, with some added tricks on top that fools brainlets.

>>	Anonymous Sat Jul 25 16:13:23 2020 No.20685378 >>20685169 You said X is relative to Y supply. If Y is a fixed supply then Z dollar relatively doesnt effect X true, But if Y to Z changes then yes X to Z is correlated irregardless . Question is how is Y supply changed in relation to Z index

>>	Anonymous Sat Jul 25 16:13:24 2020 No.20685381 guys why does my ampl go down every day by being in the beehive

Anonymous Sat Jul 25 16:13:34 2020 No.20685385

>>20685307

No. These tokens could potentially be more valuable after 20 years, since the supply is FIXED. Tokens can be lost - sent to wrong wallets, wallets can be lost etc.

They are NOT good mediums of exchange, because people will tend to hoard these. They (as I have said 1000 times in this thread) DE-INCENTIVIZE spending, and therefore stump societal economic growth, since everyone is hoarding.

AMPL is literally the missing piece in crypto.

>>	Anonymous Sat Jul 25 16:14:45 2020 No.20685408 Join the AMPL discussion on Telegram anons: t.me/Ampleforth

>>	Anonymous Sat Jul 25 16:14:46 2020 No.20685409 >>20685385 how does usdc deincentivize spending how is ampl better than usdc why would being backed by nothing be better than being backed by a dollar

>>	Anonymous Sat Jul 25 16:16:35 2020 No.20685443 >>20685409 It will make people want to hold until it balances out due to inflation adjustment USD is government cock suckery and I hate banks and Jews It's backed by then value its users bestow upon it.

Anonymous Sat Jul 25 16:18:22 2020 No.20685485

>>20685385
>No. These tokens could potentially be more valuable after 20 years, since the supply is FIXED. Tokens can be lost - sent to wrong wallets, wallets can be lost etc.

Oh, so ampleforth wallets can't be lost?
People cant send money to amplefortjh wallets?

Ampleforth is LITERALLY equivalent to an ERC token.

Consider the below scenarios.

a) I buy 100 units of a generic fixed supply ERC token for 1$ each.

It appreciates to 2$ each after 20 years.

b) I buy 100 units of Ampleforth for 1$. After 20 years through appreciation and rebase I now have 200 unites of Ampleforth valued at 2$.

Got it? The above scenarios are EQUIVALENT. There is NO difference. Get that through your thick skull.

Anonymous Sat Jul 25 16:18:38 2020 No.20685488

>>20685378
I said, the worth of a currency is defined in relation to it's supply.

If the supply of a currency is increased, the value of a single unit of currency depreciates.

The supply of the US Dollar keeps increasing - the value of a single US dollar will keep depreciating.

The supply of AMPL keeps readjusting itself based on it's market cap. The value of a single AMPL token will fluctuate minimally, but will stay the same. It becomes a store of value because of this readjustment mechanism.

>>	Anonymous Sat Jul 25 16:18:38 2020 No.20685490 >>20685443 Ah ok thanks for the elegant explanation why i should use a random reserve token instead of goldman sachs backed one. Just bought 10k

>>	Anonymous Sat Jul 25 16:19:48 2020 No.20685519 >>20685485 I'm gonna stop replying to you now, because you keep doubling down.

>>	Anonymous Sat Jul 25 16:20:53 2020 No.20685541 >>20685409 The US Dollar does not readjust it's own supply. It becomes inflated - a single unit loses value over time. AMPL captures this value, because it readjusts it's own supply.

>>	Anonymous Sat Jul 25 16:21:54 2020 No.20685566 >>20685488 Its def interesting concept i understand the mechanism but i question the rebase calculation

Anonymous Sat Jul 25 16:22:22 2020 No.20685575

>>20685519

You will stop responding to me because you can't argue your point. Keep repeating the same "muh revolution, muh elastic supply".

Again, the rebase mechanism of Ampleforth is irrelevant. From a monetary perspective it doesn;t change anything. A similar mechanism has existed in the stock market for years and is known as stock splits. It doesn't change anything about stocks that undertake it, just makes the value of a single share easier to trade.

>>	Anonymous Sat Jul 25 16:22:36 2020 No.20685584 >>20685566 What is there to question?

Anonymous Sat Jul 25 16:24:05 2020 No.20685616

>>20685541
Ampleforth "re-adjusts" its supply but it does this by just multiplying everyone's tokens by a multiplier. From an economic or monetary perspective, this does not change anything.

The key difference with the dollar is that newly printed dollars do not go to all existing holders of dollars but are instead distributed by the government/central bank.

>>	Anonymous Sat Jul 25 16:25:11 2020 No.20685651 >>20685575 Okay one last time. What are stocks backed by? US Dollars. Do these depreciate? Yes. I have argued my point just fine - you seem to be stuck in a feedback-loop of not understanding how inflation works.

>>	Anonymous Sat Jul 25 16:26:06 2020 No.20685669 >>20685490 I don't want you to buy in, I'd rather you didn't because you don't deserve it.

>>	Anonymous Sat Jul 25 16:27:40 2020 No.20685709 >>20679541 Reddit tier cringe

>>	Anonymous Sat Jul 25 16:28:35 2020 No.20685737 What's the ampl suicide stack?

Anonymous Sat Jul 25 16:28:53 2020 No.20685746

>>20685651
Yes, everybody knows that dollars depreciate. This is news to nobody.

Now tell me the difference between

1. An ERC-20 token with no utility, and a fixed supply of 1 million tokens and starting price of 1$

2. An ERC-20 token with no utility, an initial supply of 1 million tokens, starting price of 1$ and an Ampleforth style rebase

>>	Anonymous Sat Jul 25 16:30:52 2020 No.20685790 >>20680096 Once mc is reached Ampleforth does not need centralised exchanges. It's currently doing OK in the decentralised arena. >so 2019

Anonymous Sat Jul 25 16:31:34 2020 No.20685805

>>20685746
The difference is, that Ampleforth can be used effectively as a medium of exchange, as the peer-to-peer electronic cash envisioned by Satoshi.

The ERC20 with a fixed supply (or BTC for that matter) are NOT GOOD mediums of exchange, because they will continue to appreciate in value. Just like gold. There is a reason why you don't fucking pay for your Uber eats with gold bars.

>>	Anonymous Sat Jul 25 16:32:39 2020 No.20685825 >>20685737 this what in (current) ampl or % market cap for a suicide stack?

Anonymous Sat Jul 25 16:34:40 2020 No.20685885

>>20685805
>The ERC20 with a fixed supply (or BTC for that matter) are NOT GOOD mediums of exchange, because they will continue to appreciate in value. Just like gold. There is a reason why you don't fucking pay for your Uber eats with gold bars.

Really? This is your fucking argument as to why this is revolutionary?

Gold bars are pretty fucking hard to divide into amounts that are suitable to pay for small things.

This is not true for cryptocurrency. It can typically be divided into very small amounts, frequently 18 decimal places. Thus it is completely irrelevant whether you have 1000 tokens valued at 1 dollar, or 1 token valued at 1000 dollars.

>>	Anonymous Sat Jul 25 16:35:56 2020 No.20685912 >>20685885 What part of a day-to-day currency that does not lose it's value over time, is not absolutely revolutionary to you? Hello?

Anonymous Sat Jul 25 16:37:54 2020 No.20685965

>>20685912
Stop changing the subject.

You just admitted that Ampleforth is equivalent to the fixed supply, no utility erc-20 token, as described here.
>>20685746

You are saying here (>>20685805
) that the only difference is that Ampleforth is a better medium of exchange because its value doesn't keep going up. However, this is not a major issue for cryptocurrencies which can be infinitely divided and is certainly not revolutionary.

>>	Anonymous Sat Jul 25 16:38:27 2020 No.20685978 >>20685885 it doesnt matter what it does or how good it does what. 99% of coins are not needed, yet they are here and getting traded every day. make money, get out, dont attach logical sense in any of that shit.

>>	Anonymous Sat Jul 25 16:38:56 2020 No.20685991 >>20685912 >>20685965 Also, there is nothing stopping Ampleforth losing its value. Its value will be volatile, like any other cryptocurrency. It could go down or go up. There is certainly no guarantee that it does not lose its value.

>>	Anonymous Sat Jul 25 16:40:02 2020 No.20686022 >>20685912 >This is your fucking argument as to why this is revolutionary? >Stop changing the subject. Now I know that you are trolling. Please don't dilute this thread. How is the supply fixed, when it can be both increased and decreased? It's not.

>>	Anonymous Sat Jul 25 16:40:17 2020 No.20686030 >>20685978 Sure, you can buy into Ampleforth because you think you'll be able to sell it to a greater fool, but OP is claiming it's revolutionary when its not.

>>	Anonymous Sat Jul 25 16:41:05 2020 No.20686048 >>20685885 >This is not true for cryptocurrency you do realize that the volatility affects the decimals of cryptos too, right? kek - if btc goes from 1k to 10k (a 10x) that same thing happens to 1 satoshi.

Anonymous Sat Jul 25 16:42:38 2020 No.20686089

>>20686022
The supply is equivalent to being fixed, because any increase or decrease in supply goes proportionally to all current holders.

Would you like to change your answer to>>20685746 ?

As a reminder, you said that the only difference between those two tokens is that the Ampleforth style tokens are easier to transact due to their price being close to one dollar. You also made the comparison to gold bars, which is clearly stupid for a cryptocurrency which can be easily divided.

I assure you, I am not trolling.

>>	Anonymous Sat Jul 25 16:42:43 2020 No.20686094 >>20686030 >claiming it's revolutionary its supply is elastic (based on supply and demand) and does this automatically and simultaneously across ALL holders, i what world is that revolutionary?

>>	Anonymous Sat Jul 25 16:43:45 2020 No.20686119 >>20686094 >i what world is that revolutionary? in what would is that not revolutionary?** fucked up keyboard

>>	Anonymous Sat Jul 25 16:43:52 2020 No.20686125 >>20686048 Yes, I realise that if bitcoin does a 10x a satoshi also does a 10x. Thanks for pointing it out though.

>>	Anonymous Sat Jul 25 16:44:21 2020 No.20686134 >>20686089 Aaaaand you just underlined my point. The point that you do not seem to be getting. FIXED and EQUIVALENT TO BEING FIXED are not the same things. FIXED means it doesen't change at all. You absolute moron.

>>	Anonymous Sat Jul 25 16:44:51 2020 No.20686143 >>20686119 >in what would is that not revolutionary?** OMFG im out. jesus this is embarassing kek

>>	Anonymous Sat Jul 25 16:45:12 2020 No.20686151 >>20679518 Who did you call primitive

Anonymous Sat Jul 25 16:45:38 2020 No.20686164

>>20686119
It's not revolutionary.

It's literally equivalent to a stock split. Look them up. They've been happening for decades, and there is nothing revolutionary about them. They just make the price a more convenient number. Which is all the Ampleforth rebase does.

Feel free to give your answer to this:>>20685746
question. OP's answer was pretty bad.

>>	Anonymous Sat Jul 25 16:46:08 2020 No.20686179 File: 122 KB, 1000x972, 6klt510z0tw21.jpg [View same] [iqdb] [saucenao] [google] >>20686151

>>	Anonymous Sat Jul 25 16:46:10 2020 No.20686180 >>20686125 which means they make a terrible medium of exchange

>>	Anonymous Sat Jul 25 16:47:15 2020 No.20686197 >>20686134 You're making less and less sense. Can I take it you don't have a better answer to >>20685746 ?

Anonymous Sat Jul 25 16:48:44 2020 No.20686226

>>20686180
The only advantage that Ampleforth has as a medium of exchange is that its easier to compare the price of something to the dollar, because the price of Ampleforth will usually be close to a dollar.

There's nothing revolutionary about that though, and Ethereum is strictly better as a medium of exchange

Anonymous Sat Jul 25 16:49:36 2020 No.20686254

>>20686164
>It's literally equivalent to a stock split.
EXCEPT THIS HAPPENS AUTOMATICALLY AND WITHOUT ANY GOVERNANCE ... DO YOU GET IT? HOLY SHIT A STOCK SPLIT HAPPENS BY A COMPANY A CENTRALIZED ENTITY - THE REBASE HAPPENS WITHOUT ANYONE AND NO GOVERNANCE
>>20685746
again, the elastic supply creates a better medium of exchange. look at BTC or ETH - it makes a terrible medium of exchange because the USD value fluctuates and since the rest of the world uses fiat - then that it really important.

AMPL - (when stable) will make a better medium of exchange because 1AMPL=$1. Even tho the MC is going up (supply change)

I mean... isnt that obvious??

>>	Anonymous Sat Jul 25 16:51:52 2020 No.20686303 >>20686254 Also if it sinks under $1 arbitrage opportunity is insane at a billion+ market cap. I don't think there will ever not be a use for AMPL.

Anonymous Sat Jul 25 16:51:59 2020 No.20686306

>>20686226
>The only advantage that Ampleforth has as a medium of exchange is that its easier to compare the price of something to the dollar, because the price of Ampleforth will usually be close to a dollar.
>There's nothing revolutionary about that though, and Ethereum is strictly better as a medium of exchange
dude.
1st point. yeah you got it!
>nothing revolutionary
i cant believe your not getting this. this has been the wet dream of economists for decades. A base money with an elastic supply which updates AUTOMATICALLY and WITHOUT ANY GOVERNANCE is fucking HUGGGEEE

>>	Anonymous Sat Jul 25 16:52:14 2020 No.20686310 >>20685746 if the second token achieves stability it can be used in an agreement as a future payment

Anonymous Sat Jul 25 16:53:44 2020 No.20686338

>>20686197
The answer is, that the supply of the fixed ERC20 token is never readjusted.

It is the only answer. But you are so dug in to your position (or you are so committed to trolling) that you are unwilling to acknowledge that a fixed supply != a readjusting supply.

What happens to a society that uses a da-to-day currency with a fixed supply? It fucking grinds to a halt, because no one is willing to spend anything. Everyone is incentivized to hoard, because their money will be worth more in the future. Worth more then it is now.

With a constantly readjusting supply, your 1 unit is ALWAYS going to be worth the same, which means that you are NOT incentivized to hoard. This is the important difference.

Anonymous Sat Jul 25 16:54:01 2020 No.20686352

>>20686254
Calm down you fucking mong. Good to see we're getting to the bottom of it. An automatic stock split. That's all it is. There's nothing revolutionary about that, it's not more/less inflationary than a generic ERC token like OP suggests. Literally just a generic ERC token that has the convenient feature that its price is close to a dollar.

>look at BTC or ETH - it makes a terrible medium of exchange because the USD value fluctuates and since the rest of the world uses fiat

lol "terrible medium of exchange". No. Most people have calculators and internet, and the fact that the price of bitcoin and ethereum fluctuates is not an impediment. If that's the only value proposition that Ampleforth has then it doesn't really have much to stand on.

Nice that we're getting past all the garbage about it being a revolutionary inflation resistant currency and all that though.

Anonymous Sat Jul 25 16:55:20 2020 No.20686379

>>20686164
while you are correct, in the same way that the team underestimated the stupidity of the masses that would fomo SO HARD on this by thinking it was compounding ponzi gains, a somewhat stable $1 coin that actually makes the news could attrackt normans to finally use it to pay shit with it

it makes no difference to people that can do basic third grader's math but the other 99,99% of the planet can't into it

Anonymous Sat Jul 25 16:55:59 2020 No.20686389

>>20686338
There is literally no difference in incentive to hoard. Having 1000 tokens worth 1$ and 1 token worth 1000$ is entirely equivalent. You say that the appreciation of the fixed supply token encourages people to hoard, yet somehow the rebase and increasing number of tokens does not?

Incentives, from a rational/economic perspective are strictly the same. Any difference would be purely psychological.

Anonymous Sat Jul 25 16:57:57 2020 No.20686428

>>20686352
>There's nothing revolutionary about that,
dude. again. wtf. this is simple. automatic adjustment of supply based on supply and demand without any governance ------- that HAS NEVER EXISTED IN THE HISTORY OF THE FREAKING WORLD in what world do you think that is not revolutionary. i think your trolling dude.

>bitcoin and ethereum fluctuates is not an impediment.
really dude? its not? wow. after 11 years is BTC used as a medium of exchange - like coffee and shit? come on dude. you got to be trolling.

im not calm because i cant believe such a simple thing is so hard to understand

>>	Anonymous Sat Jul 25 16:58:11 2020 No.20686435 >>20686389 Incentivization to hoard 1 unit is absolutely out of the window with a readjusting supply.

Anonymous Sat Jul 25 17:01:52 2020 No.20686504

>>20686428
It's literally not revolutionary because it doesn't have any major effect. It means the price stays closer to 1$ which is at best a minor boost for convenience but is not alone enough to give Ampleforth a valid claim to being a currency.

>>20686435
You are purely speculating on psychological effects of 1 token that appreciates in value or tokens where you get more tokens. Again there's no economic/rational basis for this. You're also ignoring the case where the value/number of tokens is dropping.

Anonymous Sat Jul 25 17:03:20 2020 No.20686535

>>20686504
>You are purely speculating on psychological effects of 1 token that appreciates in value or tokens where you get more tokens. Again there's no economic/rational basis for this. You're also ignoring the case where the value/number of tokens is dropping.

This sentence makes no sense, refute my point or stop posting: Incentivization to hoard 1 unit is absolutely out of the window with a readjusting supply.

Anonymous Sat Jul 25 17:04:50 2020 No.20686572

>>20686504
>It's literally not revolutionary because it doesn't have any major effect. It means the price stays closer to 1$ which is at best a minor boost for convenience but is not alone enough to give Ampleforth a valid claim to being a currency.
hahahaha oh man bro this is a scam. dont buy its a ponzi. fuck this coin

>>	Anonymous Sat Jul 25 17:05:05 2020 No.20686578 >>20679677 Ngmi

Anonymous Sat Jul 25 17:06:58 2020 No.20686615

>>20686535
You are not making any points. You're saying that people will stop hoarding if instead of one token that grows they have a growing number of tokens. Again, there's no rational/economic reason for this to be the case as the two scenarios are equivalent.

>>	Anonymous Sat Jul 25 17:08:17 2020 No.20686638 >>20686254 >AMPL - (when stable) will make a better medium of exchange because 1AMPL=$1. Even tho the MC is going up (supply change) But 1 ampl costs like $3.50 right now? How does that equal 1 dollar?

Anonymous Sat Jul 25 17:08:29 2020 No.20686643

>>20686572
If I buy a stock, I make money if that stock makes money.

If I buy a utility token, I make money if the underlying protocol has users and makes money.

If I buy ampleforth, I make money if more people buy Ampleforth.

Based on this, I will not be buying Ampleforth.

>>	Anonymous Sat Jul 25 17:08:57 2020 No.20686657 >>20684068 You're an absolute retard and you're NGMI, stay poor

>>	Anonymous Sat Jul 25 17:09:12 2020 No.20686661 I just thought about something. If it costs $1 to buy one AMPL (at it's base price), but the price of 1 AMPL is equivalent of $1 usd in 2019, which was worth more than $1 now, how is the price not pegged to the current usd?

>>	Anonymous Sat Jul 25 17:09:34 2020 No.20686669 >>20686638 Not to mention most people are buying it because "muh dividends" and if it ever did hit a dollar they'd dump it lmao. This is going to be pretty ugly when dividend brainlets dump their ample and it starts having negative rebases.

Anonymous Sat Jul 25 17:11:32 2020 No.20686703

>>20686615
There is a rational/economic reason for this. The two scenarios are not equivalent. I can't give you 1 BTC or any fraction of a BTC in exchange for anything - I don't want to, because that whole BTC - or that fraction - might be worth more in the future.

I do however, want to give you 1 AMPL in exchange for something, because I know that it's relative value always will be the same.

Listen here, AAPYMSgO - the person who came up with this economic model was Econ Nobel laureate.

It seems like you haven't watched this, so here you go:
https://youtu.be/9-uo-KfnkhI

>>	Anonymous Sat Jul 25 17:13:30 2020 No.20686741 >>20686535 Sounded kind of sensical to me. What’s the difference between an elastic supply vs a divisible coin just increasing in value beyond the psychological effects of seeing more ample in your wallet?

Anonymous Sat Jul 25 17:14:18 2020 No.20686754

>>20686703
>There is a rational/economic reason for this. The two scenarios are not equivalent. I can't give you 1 BTC or any fraction of a BTC in exchange for anything - I don't want to, because that whole BTC - or that fraction - might be worth more in the future.

They ARE the same.

A fraction of a BTC might be worth 10% more in the future

And I may have 10% more Ampleforth if I hold onto it.

They ARE equivalent. If you think they aren't you are wrong.

"I have 1 coin worth 1000. It might be worth 1100 in the future so I won't spend any"

"I have 1000 coins worth 1 each. I might have 1100 in the future so I won't spend any"

EQUIVALENT.

>>	Anonymous Sat Jul 25 17:17:58 2020 No.20686822 File: 123 KB, 511x671, 1595509952962.png [View same] [iqdb] [saucenao] [google] Didn't read, just cashed out enough to pay for my remaining years of university. Thanks for the ride gents

Anonymous Sat Jul 25 17:19:31 2020 No.20686855

>>20686741
The difference is, that even if the coin is divisible the supply is still fixed. Because the supply is fixed it is a scarce resource. Because it is a scarce resource 1 unit or any fraction of a unit will be worth more in the future. Because of this I don't want to use it as a medium of exchange. We don't do this today either - because what I am talking about here is effectively gold.

Instead I want to use a medium, that I know will not increase in value in the future. Right now, we use money which can be inflated. Ampleforth is just a better fiat currency, since it can't be inflated.

>>20686754 This guy doesen't grasp this simple concept, and that is just fine.

>>	Anonymous Sat Jul 25 17:21:48 2020 No.20686906 >>20686822 Smart anon, congratulations man. You'll be years if not decades ahead of your peers financially...

>>	Anonymous Sat Jul 25 17:22:08 2020 No.20686913 >>20686754 But If you spend ample you get less in the rebase right? So how is it really different than spending .00001 btc? It’s not like it’s free money.

Anonymous Sat Jul 25 17:22:46 2020 No.20686927

>>20686855
Oh I assure you, I grasp it just fine.

Ampleforth can't be inflated. Just like many other ERC tokens. And it has the benefit that it usually stays near a dollar.
Beyond that, it doesn't really have anything going for it. It's a token with no utility. Nobody is going to use it as a currency.

>>	Anonymous Sat Jul 25 17:23:48 2020 No.20686945 >>20686913 Exactly. Spending 10% of your Ample in the scenario above is equivalent to spending 10% of your bitcoin. They are entirely equivlaent.

>>	Anonymous Sat Jul 25 17:24:07 2020 No.20686952 >>20686913 Let's say .00001 BTC is equivalent to 1 AMPL now. In the future .00001 BTC is going to be worth more than 1 AMPL however. This is why they are not the same. The relative value of the AMPL always stays the same within it's own currency.

>>	Anonymous Sat Jul 25 17:25:54 2020 No.20686985 >>20686927 Everybody is going to use it as a currency in this space. Why would you use Tether over this? It's literally free money.

>>	Anonymous Sat Jul 25 17:28:20 2020 No.20687044 >>20686913 I forgot to add, that when the market cap becomes stable you won't really see signifcant rebases anymore. This is also why you can't compare the two.

Anonymous Sat Jul 25 17:28:38 2020 No.20687049

>>20686985
>It's literally free money.

LMAO. Delusion.

Stablecoins are (at least in theory, and in practice for the good ones) backed 1 to 1 by the US dollar. You buy stablecoins because you know that the value of what you buy will not change in US dollars.

Ampleforth does not have this property. If you buy 1000$ worth of Ampleforth today it could be worth $100 or $10,000 in a month.

It is obviously not free money, and "free money" depends strictly on more people buying into the scheme. If people start exiting then the value of your investment starts going down... like any other cryptocurrency.

>>	Anonymous Sat Jul 25 17:30:08 2020 No.20687085 >>20687049 Tether is subject to inflation - Ampleforth is not. It is that simple.

>>	Anonymous Sat Jul 25 17:30:23 2020 No.20687093 >Here is the deal. This board has helped me in the past, and I want to repay the kindness this is how every scam thread opens

>>	Anonymous Sat Jul 25 17:31:54 2020 No.20687130 >>20679518 >que It's "queue", faggot. "que" is "what" in Spanish. T. Spic

>>	Anonymous Sat Jul 25 17:32:36 2020 No.20687152 >>20686657 it doesn't behave like a stable coin at all, everyone on the dev team said it isn't a stable coin, its said multiple times in the redbook but since a brainlet autistic dense piece of shit from biz said it is stable, then it is!

Anonymous Sat Jul 25 17:34:00 2020 No.20687185

Alright. So this seems like a straight up fedora coin. Congratulations on those who realize how useless AMPL is for real world usage & are profiting from new suckers buying in. God have mercy on the fedora wearing brainlets who think that this coin is anything but a glorified economic experiment. The institutions will never use this and it will never be used as a major form of currency for one reason. The people who made fiat money, who use their money to create laws regarding money, who run the entire fucking world, need controlled inflation in order to increase their wealth in a systematic way. AMPL is a communist pipe dream coin.

Anonymous Sat Jul 25 17:35:42 2020 No.20687221

>>20687152
yeah this, they never said that it is a stablecoin, that is just biz shill delusion

it's just an experimental asset that moves somewhat independently from bitcoin and the market in general (hopefully) because it revolves around a 4 am daily arbitrage opportunity

>>	Anonymous Sat Jul 25 17:38:01 2020 No.20687266 >>20680880 Lol absolutely ngmi

>>	Anonymous Sat Jul 25 17:38:30 2020 No.20687275 >>20679541 >>20683868 True. The question we should be asking is why it didn't exist before if it was so important? Can everything else work without it? Yes...

>>	Anonymous Sat Jul 25 17:40:15 2020 No.20687318 To be honest it took me a while till it finally clicked... anons who don’t understand, do not despair. You’ll get there

>>	Anonymous Sat Jul 25 17:41:53 2020 No.20687355 File: 39 KB, 657x527, R14kkDj.jpg [View same] [iqdb] [saucenao] [google] I still don't understand the rebase thing. If I'm already holding, do I have to do anything?

>>	Anonymous Sat Jul 25 17:43:59 2020 No.20687401 i'm seriously concerned that when the brainlets realize that there are no dividends and it is not meant to be a stablecoin and pretty useless, the resulting crash and negative press will ruin our chance on a longer defi bull run goddammit biz

>>	Anonymous Sat Jul 25 17:46:45 2020 No.20687458 >>20687355 you dont have to do anything because nothing is happening. the change is purely cosmetic

>>	Anonymous Sat Jul 25 17:46:48 2020 No.20687460 >>20687355 No, just hold it in a wallet

>>	Anonymous Sat Jul 25 17:48:01 2020 No.20687493 >>20679518 I understand how it works, but it's a 480 million $ marketcap project anon, and in the end if it threatens the jew then they'll make it illegal.

>>	Anonymous Sat Jul 25 17:59:39 2020 No.20687772 >>20679541 This. You all are gonna get fucked

>>	Anonymous Sat Jul 25 18:25:41 2020 No.20688311 >>20687401 Biz doesn’t matter to ampleforth, it’s beyond biz in terms of influence and also like, it’s literally beyond most of biz’s comprehension... like do you see some of the questions people have about it still lol

>>	Anonymous Sat Jul 25 18:28:47 2020 No.20688384 >>20687493 I think the space is at a point now, where attempts to stop it are going to be relatively futile. From what I understand, major financial institutions are starting to shift from "Crypto is bad" to "How do we integrate/merge with crypto".

>>	Anonymous Sat Jul 25 18:44:50 2020 No.20688748 Asked in the other thread but received no answer. I fucked up all over the place in crypto over the last two weeks just went all in for 21k ampls. Will I make it in the next few weeks?

>>	Anonymous Sat Jul 25 18:47:33 2020 No.20688803 >>20688748 Depends on what you consider "Making it" - but I think this is a good long-term investment.

>>	Anonymous Sat Jul 25 18:49:35 2020 No.20688840 File: 120 KB, 668x897, AMPL5.jpg [View same] [iqdb] [saucenao] [google] >>20679541 Textbook retard

>>	Anonymous Sat Jul 25 18:53:21 2020 No.20688908 >>20688803 IDK a x10 from here would definitely let me make it...

>>	Anonymous Sat Jul 25 19:16:09 2020 No.20689384 File: 45 KB, 993x1023, 1688026844578.jpg [View same] [iqdb] [saucenao] [google] >AMPL dumping i cant believe its over bros...

Anonymous Sat Jul 25 19:17:16 2020 No.20689414

>>20686643
if you buy a stock, you dont own a share of the company. the company can produce jack shit and its value can still climb. you dump on someone else and if no one else is there to dump on, you cant dump anymore. so its basically a ponzi. better for you if you realize that now than later.

>>	Anonymous Sat Jul 25 19:19:30 2020 No.20689466 >>20689384 Dumping to 5$ lmao

>>	Anonymous Sat Jul 25 19:21:40 2020 No.20689515 >>20688748 Yes

>>	Anonymous Sat Jul 25 19:23:11 2020 No.20689551 What's the make it stack rn? Also heard that Kuvoin steals rebase. Is this true?

>>	Anonymous Sat Jul 25 19:24:46 2020 No.20689578 >>20689551 Kucoin does not steal your rebase. I don't know what a "Make it" stack is - but I believe AMPL will eventually sit somewhere in the top 5.

>>	Anonymous Sat Jul 25 19:25:59 2020 No.20689605 >>20689578 Thanks fren

Anonymous Sat Jul 25 19:31:55 2020 No.20689727
File: 60 KB, 964x912, df.jpg [View same] [iqdb] [saucenao] [google]

guys i have an urgent question
i bought some ampl on uniswap but i am low on ETH so i had to set gas price to 11
i think the transaction will take a long while
will i still get my rebase if the transaction only finishes after it?

Anonymous Sat Jul 25 19:36:41 2020 No.20689818

>>20689727
No, sorry man. Whoever holds the AMPL at the time of the rebase will get it. I am curious what happens if you buy say 1000 AMPL, and the tx takes place after the rebase, are you fucked out of 10 or 20%? Might be incentive for people to not try to swing the rebase....

>>	Anonymous Sat Jul 25 19:41:00 2020 No.20689897 >>20689727 It'll probably time out after an hour or so and you can try again

>>	Anonymous Sat Jul 25 19:42:22 2020 No.20689923 >>20689727 sorry bro. your rebase is coming to me instead

>>	Anonymous Sat Jul 25 19:51:21 2020 No.20690099 >>20689818 couldn't one sell ampl right before the rebase (say one minute or less) and get a free rebase in the process? Kek did we just find an issue?

>>	Anonymous Sat Jul 25 19:53:56 2020 No.20690148 >>20690099 Oh shit, I'M OUT!

>>	Anonymous Sat Jul 25 19:55:23 2020 No.20690171 >>20679541 Your dumb

>>	Anonymous Sat Jul 25 19:55:47 2020 No.20690177 File: 64 KB, 645x729, brainlet1.jpg [View same] [iqdb] [saucenao] [google] >>20690148 >>20689897 >>20689923 so you were just messing with me :'(....

>>	Anonymous Sat Jul 25 19:55:54 2020 No.20690181 >>20689818 blockchain shit is not executed in parallel, faggot

>>	Anonymous Sat Jul 25 19:56:37 2020 No.20690199 time for another rebase soon enough sirs.

>>	Anonymous Sat Jul 25 20:01:16 2020 No.20690276 >>20690181 I'm not sure what you mean >Agree to buy 1,000 AMPL before rebase >TX happens after rebase >Price drops 10% (or whatever rebase is) >You now have 1,000 tokens worth 10% less

>>	Anonymous Sat Jul 25 20:02:45 2020 No.20690298 >>20690276 ... for the 900th time, the supply adjusts at the same time as the price in the same code execution block. there. are. no. dividends. in. this. project.

>>	Anonymous Sat Jul 25 20:03:47 2020 No.20690316 >>20690276 to spell it out for you: uniswap would give you 1111 ampl or some shit

>>	Anonymous Sat Jul 25 20:04:59 2020 No.20690338 >>20690298 yes but he was referring to a scenario where you pay for the tokens before the rebase so you'll pay for a rebase but wont get it >>20689727

>>	Anonymous Sat Jul 25 20:05:19 2020 No.20690346 >>20690316 But when you buy on uniswap, you are agreeing to buy X supply at Y price. Uniswap doesn't give a fuck about the rebase

>>	Anonymous Sat Jul 25 20:06:26 2020 No.20690370 >>20690346 The only thing would be if slippage prevents the tx from going through, and it probably would now that I think about it, because the price would be outside of the slippage rate

>>	Anonymous Sat Jul 25 20:10:46 2020 No.20690437 >>20689578 A make it stack is 1000 Ampl. If you bought 2 weeks ago. Now it's about 15,000 Ampl. Get it?

>>	Anonymous Sat Jul 25 20:39:39 2020 No.20690945 >>20690437 This token will reach ~$50 billion market cap if not more, those who buy in around now / already did will see upwards of 100x.

>>	Anonymous Sat Jul 25 20:41:07 2020 No.20690976 >>20690437 Make it stack is still 0.001%, this is about $12k right now or something very close to that

>>	Anonymous Sat Jul 25 20:43:15 2020 No.20691015 >>20690276 come on man this is the same thing as trying to cut a $20 bill in half as a kid and trying to get $40 for it from 2 different banks... grow up, uniswap doesn't work like this

>>	Anonymous Sat Jul 25 20:43:49 2020 No.20691026 >>20679518 /hugger

>>	Anonymous Sat Jul 25 20:45:11 2020 No.20691050 >>20690976 What's a suicide stack?

>>	Anonymous Sat Jul 25 20:46:15 2020 No.20691068 >>20680880 to get yourself a percentage of the expanding marketcap, which will increase your number of AMPL as it expands.

>>	Anonymous Sat Jul 25 20:47:29 2020 No.20691082 >>20690976 Wouldn't 0.001% be ~2000 AMPL since the circulating supply is 208m?

>>	Anonymous Sat Jul 25 20:48:35 2020 No.20691099 >>20691082 max supply only tbhfamalam

>>	Anonymous Sat Jul 25 20:50:45 2020 No.20691129 >>20690099 No, because that would lower the price changing the algorithm of the rebase, right?

>>	Anonymous Sat Jul 25 20:51:46 2020 No.20691144 >>20691099 Man, two days and I got two different answers for this. I assume you say max supply because of the eventual token release schedule coming into the circulating? But up until then, isn't the circulating the more relevant value?

>>	Anonymous Sat Jul 25 20:54:49 2020 No.20691205 >>20682845 >dude it will stay at $1 because reasons >it's just free money lol dyor lmao it's FREE MONEY

>>	Anonymous Sat Jul 25 20:55:09 2020 No.20691209 >>20691050 there is no set amount which is a suicide stack but rather a % of the market cap. I would say 0.001%

>>	Anonymous Sat Jul 25 20:56:18 2020 No.20691226 This is guaranteed free money. How can one lose from this?

>>	Anonymous Sat Jul 25 20:58:09 2020 No.20691253 File: 68 KB, 1024x1024, favicon-master.png [View same] [iqdb] [saucenao] [google] if you missed AMPL, hop into REBASE www.rebase.capital tg and discord

>>	Anonymous Sat Jul 25 21:01:04 2020 No.20691310 File: 201 KB, 1360x1360, rebasehour.jpg [View same] [iqdb] [saucenao] [google] SOON: Uniswap V2 - AMPL-REBASE two tokens that are both rebasing at different times of the day!

>>	Anonymous Sat Jul 25 21:03:44 2020 No.20691372 >>20691310 >>20691253 Why?

>>	Anonymous Sat Jul 25 21:05:05 2020 No.20691399 >>20691253 >>20691310 Sounds like a scam

>>	Anonymous Sat Jul 25 21:06:59 2020 No.20691427 >>20691253 >>20691310 This is like a walmart brand version

Anonymous Sat Jul 25 21:14:43 2020 No.20691555

>>20691427
One of their employee descriptions:
" Well regarded engineer in a variety of circles and very active in the blockchain space. Offering a 1000 foot view of the entire landscape allows timely steering of engineering efforts and implementation of cutting edge technology."

You can't make this shit up...

>>	Anonymous Sat Jul 25 21:18:10 2020 No.20691613 File: 126 KB, 750x958, 3C2EDA95-FF03-4297-BF70-AA55C2E6A23C.jpg [View same] [iqdb] [saucenao] [google] >>20679518 Buy stonks token Ample is scam . Noke will save us buy stonks now or fomo I. Later

>>	Anonymous Sat Jul 25 21:19:46 2020 No.20691644 >>20691144 i don't want to get my hopes up too much

Anonymous Sat Jul 25 21:20:13 2020 No.20691649
File: 53 KB, 750x354, 58DD296B-2087-4F08-9C11-07DCE88B9836.jpg [View same] [iqdb] [saucenao] [google]

>>20691613
Buy stonks token fuk ample Ponzi scam

You guys are gonna get rugged

Stonk is the king the Statera killer we’re gonna leave them in the dust

>>	Anonymous Sat Jul 25 21:21:44 2020 No.20691685 >>20691399 >>20691372 back back rebases

>>	Anonymous Sat Jul 25 21:24:17 2020 No.20691733 >>20691555 advisor

>>	Anonymous Sat Jul 25 21:36:47 2020 No.20691970 >>20691427 Walmart Brand lol. it does some things differently, for one, its "geyser" never runs out, unlike AMPL's. so you won't have people counting down 70 days

>>	Anonymous Sat Jul 25 21:39:02 2020 No.20692005 >>20691649 india has no right to exist

>>	Anonymous Sat Jul 25 21:42:53 2020 No.20692074 >>20691253 >Nigger lead engineer Dropped

>>	Anonymous Sat Jul 25 21:45:28 2020 No.20692131 >>20691649 Should probably buy both.

>>	Anonymous Sat Jul 25 22:20:09 2020 No.20692807 >>20679858 >>20679969 awww, they even made memes to defend the ponzi scheme they bought into. How adorable.

>>	Anonymous Sat Jul 25 22:36:12 2020 No.20693132 File: 111 KB, 1200x1200, 1589984567071.jpg [View same] [iqdb] [saucenao] [google] aaaaaaaannd wala.. i put in $3.5k on the 19th and now I have over $10k.

>>	Anonymous Sat Jul 25 22:41:30 2020 No.20693216 >>20691649 Similar to BTC nay sayers in 2010

>>	Anonymous Sat Jul 25 23:13:34 2020 No.20693747 >>20679518 How often are rebases? I know there is a negative rebase if it goes below $1, but if it goes up in value do you get more tokens automatically? Sorry I am a new brainlet

>>	Anonymous Sat Jul 25 23:15:25 2020 No.20693780 >>20693747 Every day at 10pm EST

>>	Anonymous Sat Jul 25 23:18:32 2020 No.20693839 >>20693780 So if the price goes up do I get more free tokens? If the price goes down tokens are taken out of the wallet?

>>	Anonymous Sat Jul 25 23:18:37 2020 No.20693840 >>20693132 Should I just swing my 300 stack of links at this? Already put in 500$ 3 days again and now have 2x my profits

Anonymous Sat Jul 25 23:20:49 2020 No.20693878

>>20693839
Only if it hits under 1$ which as we just saw it did not even after the rebase. I know 2.50$ doesn’t seem far from a dollar but that’s a -150% which would be both glorious too watch and doesn’t really matter cause you’ll just cash out with a little more fluff in your wallet due too the rebase

>>	Anonymous Sat Jul 25 23:21:43 2020 No.20693895 >>20693878 So you never get more tokens, just risk losing tokens to a rebase if it drops below $1?

Anonymous Sat Jul 25 23:23:06 2020 No.20693916

>>20693839
That's the simple way of thinking about it. If the price is over 1.06 then you will get a positive rebase. If the rebase is 5%, for instance, you would get a 5% increase of tokens, but the price will generally dip at least 5%. Sometimes less, sometimes more. The opposite happens when it goes below 0.94c, but the negative rebase is limited to 10% per day

>>	AmplEinstein Sat Jul 25 23:24:49 2020 No.20693949 >>20679518 OP gets it. I bless you child frog. You will make it.

>>	Anonymous Sat Jul 25 23:26:08 2020 No.20693971 >>20693916 So there hasn’t been a negative rebase yet then? Looking at the graph it’s been above $1 for quite some time now

>>	AmplEinstein Sat Jul 25 23:30:55 2020 No.20694039 File: 362 KB, 699x602, Screenshot 2020-07-25 at 10.58.25.png [View same] [iqdb] [saucenao] [google] Flipped Maker and Compound today.

>>	Anonymous Sat Jul 25 23:31:40 2020 No.20694054 >>20693971 Not since it was a microcap

Anonymous Sat Jul 25 23:32:28 2020 No.20694072

>>20693971
There likely won't be negative rebases for some time. It will only happen if a large amount of people panic sell over a medium period of time at this point. Say, a day or so. I think most large sells are being absorbed at the moment, so you don't need to worry too much.

I saw someone dump 3 million dollars AMPL -> ETH in one transaction yesterday, and the price didn't move at all.

>>	Anonymous Sat Jul 25 23:32:45 2020 No.20694079 >>20694039 You are such a faggot. You should felate a shotgun

AmplEinstein Sat Jul 25 23:58:12 2020 No.20694494
File: 174 KB, 598x686, Screenshot 2020-07-26 at 11.56.20.png [View same] [iqdb] [saucenao] [google]

More farmers coming, as yfi early distribution phase over. Farmers looking to move over.
Here is clueless failed dick-clown shitcoin founder Ameen Solemani but now genuine eth-maxi despite fucking spankchain into nothing, hes a big DAO guy and farmer.
Here is a consensys guy recommending him to farm Ampl :)

>>	Anonymous Sun Jul 26 00:03:54 2020 No.20694601 >>20679518 Just quickly read up on it, fill me anons if Im off. You receive extra token to make you not sell as quick and prevent large sell offs and mitigate the high volatility that is crypto. High experimental

>>	Anonymous Sun Jul 26 00:06:04 2020 No.20694634 >>20684610 Store of value This will likely be the greatest PnD of market cap of all time

>>	Anonymous Sun Jul 26 00:06:08 2020 No.20694636 >>20694601 Not quite, see >>20693916

Anonymous Sun Jul 26 00:23:09 2020 No.20694926

>>20684610
>Once this reaches a market cap where the elasticity has the intended effect, it becomes a currency that will be used as a medium of exchange WHILE also being a store of value. The idea is just absolutely genius.

The same applies to Bitcoin once the marketcap is big enough that the volatility decreases, and people begin to spend it since the biggest gains are behind them.

I don't see the point of this token.

Anonymous Sun Jul 26 00:30:05 2020 No.20695039

>>20685385

The fuck? How does it disincentivize spending if you're hoarding it right now to reap a profit? That's the exact same as any hard-cap token or coin. What does incentivize spending is inflation, like the US dollar already has.

Is this token a joke to profit off of midwits?

>>	Anonymous Sun Jul 26 00:31:32 2020 No.20695059 >>20695039 correction: how does it INCENTIVIZE spending if you're rewarded for hoarding it.

>>	Anonymous Sun Jul 26 00:34:19 2020 No.20695104 >>20695059 I believe he is referring to when the price stabilizes at $1

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

/biz/ - Business & Finance