4.9% rebase just in - $AMPL is a Fed Money Printer in your pocket

[AmplEinstein No.24466768]

5% rebase today LOL

Literally a non collateral backed "stablecoin" , where if this grows (spoiler, it's going to explode), and you take a % slice now, then it prints supply - TO YOU, as it grows to match demand and a new higher market cap.

$AMPL Printing 101. Lets simplify the math:

If the market cap was $100m , with 100million tokens at $1 each, and you bought $10k - so 10k AMPL tokens - so 0.1% of the supply.

Then for just 60 days it rebases at 5% (and then settles back down to $1 on the 60th day), then the total amount of tokens inreases to 1.8 BILLION (the magic of compound interest( and market cap is $1.8 billion.

And you are part of it, you are not buying an amount of tokens but a % of supply - you STILL have 0.1% of the supply now worth $180k.

YOU ARE PART OF IT, YOU ARE THE $AMPL FED RESERVE.

[Anonymous No.24467134]

>>24466768
stop posting about AMPL until $1.75

[Anonymous No.24467145]

>>24466768
until team throws a monkey wrench and dump millions of tokens at end of month and dilute your share

[Anonymous No.24467492]

lmao retard tonights rebase was the last positive one. not even the newfags are going to buy this ponzi scheme at it's peak

[Anonymous No.24467655]

Why the fuck did I not buy more of this at $90M marketcap. UGH

[Anonymous No.24467802]

>>24467145
Well we've got a whole month then don't we

[Anonymous No.24467815]

>>24467145
Baseless fud, money printer goes brrrr, just scooped more

[Anonymous No.24467833]

>>24467492
Not a ponzi midwit

[Anonymous No.24467870]

>>24467492
1.52 yea last positive rebase,retard

[Anonymous No.24467891]

Hello fellow LADs, don't mind me and my huge package walking through

[Anonymous No.24468027]

Please keep this quite anon

[Anonymous No.24468142]

AHHHH

[Anonymous No.24468242]

>>24468027
>>24467134

People need a chance to get in, I watched quite a few people get back gains they lost in 2018 with this coin.

In a mature crypto market this can hit a 100B mcap easy

[Anonymous No.24468335]

You AMPLets need some more testosterone or something. This shit is like a jet engine snowball rolling upwards down a slope to financial freedom.

[Anonymous No.24468674]

Ampl is the most fun crypto to own when it’s like this.

[Anonymous No.24468755]

What’s the tax situation on rebases? Never got a clear answer

[Anonymous No.24468854]

>>24468755
Not considered an airdrop, AFAIK.

[Anonymous No.24468922]

who pumps it when it goes under a dollar

[Anonymous No.24468944]

>>24468755
Just report $ value when you buy/sell. I think ampl is going to be here for a decades so I am holding for long term cap gains currently. Not sure about the geyser though, that probably changes things.

[Anonymous No.24469071]

For anyone interested, I saw an anon here yesterday who said that Vitalik basically shilled AMPL on the Lex Fridman podcast.

Well, I went and dug it up: https://youtu.be/3x1b_S6Qp2Q?t=4726

Here is Vitalik shilling the everloving fuck out of Ampleforth (1:18:45).

[Anonymous No.24469110]

>>24468922
>who pumps it when it goes under a dollar
someone who buys a shitload of it and bets that the price will go back above a dollar

[Anonymous No.24469244]

>>24469110
so it relies on someone to do work to save everyone else, that's kinda amusing

[Anonymous No.24469316]

>>24466768
This... seems pretty dope. It does seem scammy on the surface, but after some more research, I can see why this blew up. Bummed that I missed a lot of good projects when I took a break from the space.

I quit trading regularly and changed my strat to slowly accumulating positions in btc, eth, and ada (as my gamble). I've had some pretty sick gains over the last year, but holy fuck did I miss out on a lot.

Been playing catchup trying to understand the top 100ish projects, and what indices are on the rise (I feel too late in the game to get in on anything worthwhile in DeFi).

Anyways, thanks in earnest. May as well grab a lil 10k stackerooni

[Anonymous No.24469633]

https://twitter.com/firstmove/status/1333886737098153987

Ripple tomorrow on CNN, dunno if they're gonna mention XRP at all, apologies if this has been discussed earlier in the day I wasn't here

[Anonymous No.24469657]

>>24466768
i have a question: isnt it kind of gay that its tied to the USD? why cant it have a rebase mechanism tied directly to trading data, so its value is determined outside legacy finance?

[Anonymous No.24469705]

>>24469657
It's tied to the 2019 USD - so in a sense, it's completely arbitrary. The value of the 2019 Dollar is not going to change.

[Anonymous No.24469740]

>>24466768
Imagine being dumb enough to think rebases are free money

[Anonymous No.24469778]

>>24469705
interdasting, but arent people trading it based on the value of a todays satoshi or gwei? am i retarded? im not sure if im retarded...

[Anonymous No.24469976]

>>24469778
I mean, of course they are?

What is being pegged to the 2019 Dollar here, is the target zone for rebasing, which will then also crawl upwards as the current year dollar devalue - so that the purchasing power of 1 AMPL increases over time, in relation to the current year dollar, but remains fixed against a 2019 Dollar.

[Anonymous No.24469998]

>>24469976
ok thats what i thought thanks homie

[Anonymous No.24470211]

Am I correct in thinking that the price you pay per AMPL doesnt matter as you're buying a % share of the maket cap?

[Anonymous No.24470231]

>>24470211
yes but any % of 0 is still 0

[Anonymous No.24470289]

Take your red pill. Get in before fomo kicks in.

[Anonymous No.24470359]

>>24466768
bump

[Anonymous No.24470390]

>>24469071
Good looks anon, that was my thread. Appreciate it

[Anonymous No.24470408]

[Anonymous No.24470472]

>How to profit$±

[Anonymous No.24470957]

>>24466768
>5% rebase today
Brainlet here
what does this mean?

[Anonymous No.24471080]

>>24470957
you'd better stay away from this. your gonna rope yourself when you start seeing negative rebases in bearish times

[Anonymous No.24471123]

>>24470957
It's like a 100x long that you can get in and have an information edge over new money if you put 30 minutes of research into. It greatly accelerates AMPL bubbles but also makes the crash brutal. Look into friend we are about to go to 2bil + market cap.

[Anonymous No.24471130]

>>24466768
>a non collateral backed "stablecoin"
How is this a good thing?
Something must be backed by somenthing to have value... if this is not backed than why has it value?

[Anonymous No.24471167]

>>24469071
He never mentions it by name though?

[Anonymous No.24471259]

>>24471130
its backed by demand for it. that is, a coin unaffected by inflation.

[AmplEinstein No.24471382]

>>24469316
>ada (as my gamble)
Anon, I was holding total garbage like LISK and ADA. Ask yourself. Is it 2017 ico market anymore or are we in a market where we look for tokenomics, usage, and DeFi right now - ask yourself is ADA going to rise 3-5% tomorrow?
AMPL is.
It's a tough sell, but I promise you, once you have 2-3 rebase days youll have a whole new mindset...
To confirm if this is the right thing to do, as yourself - if you got 10-20% gains on AMPL in the next 5 days, would you then sell and re-buy ADA... the answer is No.

[AmplEinstein No.24471420]

>>24469740
Imagine not understanding it this badly while the rest of us made 70% in 10 days. Praying for you anon.

[Anonymous No.24471431]

>>24471167
He never mentions it by name, but describes Ampleforth perfectly when he is talking about what he sees as a potential model for an actual electronic cash (moving volatility from price into supply, by adjusting it dynamically).

And by perfectly, I literally mean perfectly. Because the beauty of Ampleforth is, that the protocol is extremely straight-forward. No unnecessary stuff is tacked on to it.

What Vitalik describes in that interview, is literally just what the AMPL does - not more, not less.

[AmplEinstein No.24471434]

>>24470211
This is exactly correct! Aim for a % number of supply and trade it not on the $ chart but on the market cap as a chart - is it trending up... YES... you are early :) If you think the marketcap is going to grow then this is a buy.

[AmplEinstein No.24471469]

>>24470957
>5% rebase today > Brainlet here - what does this mean?

https://www.ampleforth.org/basics/ < read here and get the lighbulb moment. But AMPLs supply changes daily. If above $1 it positively rebases and everyones supply / amount of tokens increases across all wallets.

i.e. if you bought 100 ampl tokens yesterday , today earlier the rebase was 5% positive so you now have 105 AMPL tokens in your wallet - in this way the supply expands with rising demand and market cap increases . See the full history of cycles here too: https://www.ampleforth.org/dashboard/

[Anonymous No.24471506]

>>24471420

[Anonymous No.24471565]

>>24471431
>describes Ampleforth perfectly
Oh I agree. Guess I was just waiting for him to say shout out to my boy Evan over at Ampleforth or something

[AmplEinstein No.24471583]

>>24471130
What is bitcoin backed by? You might be in the wrong space if you dont get this on this level.

AMPL is "backed" by algorithm / code , expanding and contracting money supply rules, it expands to meet demand and if you take part you are buying a % of the supply no matter what the expansion or contraction - it can be profitable if you just want to trade it up, it can REKT you going down... but the larger vision is to be a real collateral piece within DeFi and the rebasing economics make it interesting and different and a great source of collateral - the vision beyond that is huge - to be a rival to bitcoin, which sure is a grand vision, but the founder was at Stanford with Coinbase's Brian, he's aiming big, and if people use it, demand it, then it will keep going - its been to $700m marketcap , down to $90mil, now is at $300m seeming to cycle back up . It's genuinely unique, revolutionary, the first in the elastic coin space and yes backed by Coinbases Brian and Pantera

[Anonymous No.24471820]

>>24471130
>Something must be backed by something to have value

What everyone else (>>24471259, >>24471583) is trying to tell you, is simply that AMPL is backed by 'mere belief' in a monetary system that works this way.

Why would people find this a valuable way to have a currency you might ask? What gives it value?

There are many benefits. But having a currency that CANNOT be inflated - yet, still is not a deflationary currency - is, well.. This is the first one of its kind. We can't really tell you what the implications of this might be.

[Anonymous No.24471881]

>>24471469
>in this way the supply expands with rising demand and market cap increases
But not the price cause increased supply means pice to go down

[Anonymous No.24471933]

AMPL already mooned tho look at its market cap, all in ramifi

[Anonymous No.24471988]

>>24471583
>What is bitcoin backed by?
>what is gold backed by? community belief

[Anonymous No.24472348]

>>24471259
>a coin unaffected by inflation.
so is bitcoin

[Anonymous No.24472461]

>>24472348
Bitcoin is deflationary in nature though, which is why Ampleforth is a much more appealing currency for everyday transactions and for loaning/borrowing.

[Anonymous No.24472542]

>>24472461
>everyday transactions and for loaning/borrowing
why appealing for loaning / borrowing?

[Anonymous No.24472969]

>>24472542
read the whitepaper you retarded pajeet

[Anonymous No.24473299]

>>24472542

Let me answer this for you by posing you a question instead. Would you rather:

A: Borrow 1 BTC from me today, which you then have to pay me back again in 10 years.

Or,

B: Borrow 20k AMPL from me today, that you would then also have to pay me back in 10 years?

I'll point you in the right direction here: Because of the programmed, scarce nature of BTC, it should theoretically only become more valuable over time. Because of how the Ampleforth protocol works, its supply instead expresses the volatility that BTC expresses in its price.

[Anonymous No.24473902]

>>24466768
ampl is awesome, but it only rebases positively if new money pours in hence the growth of the marketcap

[Anonymous No.24473907]

>>24473299
I asked the devs about this and got no response: what about interest rates? If it's so easy to borrow without liquidation risk people will borrow extreme amounts and interest will soar.

[Anonymous No.24474191]

where the fuck were you lot back when the positive rebases actually kicked in with consistency? I'm taking mid-October. Biz was quiet as fuck on this. Your lateness has confirmed the massive onslaught of FOMO this thing is gonna have once it picks up traction again on Twitter. Doubling my stack as we speak.

[Anonymous No.24474274]

Old school Amplchad here, until around a few weeks ago Ampleforth has been hugely volatile. Now that those geysers have come about the price is having a very hard time trying to get back to $1 meaning that we aren't going to see a sell off for a very long time. The positive rebases will be happening for the next few months for sure.

I've been keeping track of quite a few whale wallets for over a month now and they keep on hoovering up the dips it's actually unreal and I think it's because they know the explosion that is about to happen. $1billion is seriously just the start.

Don't try to swing this guys, just buy and hold at least for the next month and you're going to be seeing some big returns.

Oh and finally, the monthly investor payouts are over. The biggest and only dumper left was one guy who after every payment end of the month he dumps his bag that night or the next. He dumped his final bag last night. Guess how much he dumped? $4million. What did it do to this price? Jack shit.

This thing is only going up now. Get on or get left behind.

You've been warned.

[Anonymous No.24474305]

IYKYK

[Anonymous No.24474368]

Why is the volume so low? Am I actually early into something for once in my life?

[Anonymous No.24474426]

>>24474274
>
could you show us his wallet, i made it big on ampl this summer and lost some money since then than made it back and lost it with the yam bug

i also sold my ampl at 90m when i rebought at 110m because i thought it would dip to 75m and bought back in at 240m ...