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30372805 No.30372805 [Reply] [Original]

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

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

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

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

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

1) Hyper-correlation
2) Supply inelasticity

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

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

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

>> No.30372903

Yup time for another circle lmao
get in AMPLchads

>> No.30373027

>>30372903
Insider here
> Proxy contract just removed (fully uncensorable now)
> kucoin funds returned
> Coinbase update this weekend

Connect the dots...

>> No.30373494

>>30373027
when will we get a cycle that goes over 500m mc?

>> No.30373747

>>30373494
We're definitely crossing 500m this month.