>>20694686
it's a personal choice anon. I put in around $2k into AMPL initial.
honestly I consider myself extremely knowledgeable about crypto as a whole, and the idea of AMPL was very difficult for me to fully grasp.
you can explain it to someone, and even IF they understand the implications of an elastic supply currency that mathematically adjusts itself based on variance from a peg ($1), they still wouldn't have any idea of how something like that plays into an ecosystem like cryptocurrency.
Yes, in theory AMPL sounds amazing. But you also have to consider that there are plenty of stablecoin alternatives in cryptocurrency. USDT, USDC, DAI, TUSD, BUSD, etc. There are fucking tons. Some, like USDC, which are backed by major institutions, like Coinbase in USDCs example.
So what makes AMPL better? Well the theory is that with an elastic supply, it could inflate the marketcap to billions if not trillions, allowing for DEEP liquidity for whales to use as safe-housing during a massive crypto bullrun.
If crypto as a whole hits trillions, whales can't swap to USDC or DAI without completely fucking up the peg to $1 value.
AMPL, if everything goes as planned, could. It would have a marketcap of billions or more, and be able to absorb MASSIVE amounts of money coming in to utilize it as a stable currency.
Again though, this is all extremely variable and who knows if this will ever work out in the end, if people won't just prefer something like USDC backed by real $'s in Coinbase bank accounts.