AMPL Will Not Be Used

AMPL is a glorified ponzi scheme.

It won’t be used in any defi applications because of the fluctuating supply, it will break smart contracts. (i.e you take a loan of 1,000 AMPL today, tomorrow the total supply drops to 900) There are many more attack vectors and problems with fluctuating supply and smart contracts than this example.

It won’t replace Tether, USDC or DAI as a stablecoin at this rate, it is the furthest thing from price stable. Taking a loan against or borrowing this would result in swift liquidations.

So what is it good for? Only speculation. If demand dries up this implodes very quickly. DYOR and don’t fall for the shilling.

Attached: 30DE5DB8-DB10-4FF6-80B7-9F0DEA82C07F.jpg (434x404, 15.47K)

Other urls found in this thread:

ampleforth.org/about/
myredditnudes.com/
twitter.com/SFWRedditGifs

It doesn't need demand to rebase positively. What don't you get? This thing could literally create a singularity.

It is a scam and the team taking all the money everyday, but frens will learn when negative rebase will strike at them right?

This is not a refutation of any of the points I have made. This absolutely cannot create a “singularity” what a stupid thing to say. Stay on topic.

I put in $23K two weeks ago today and just hodl'd.

I took out my $23K on Wednesday and still have 50,000 Ampl.

$23K sat in ETH overnight and gained 9 %

>watching from a comfy distance
>$9,000 rebase today

NZ$

That is great for you, although just because you made money doesn’t mean it won’t fail. Early Madoff investors made money, early bitconbect investors made money, still collapsed.

He's after our ample guys. Do not sell

I want nothing to do with your ponzi scheme tokens, thanks for the bump.

Salty lol

Great argument. Thanks for continuing to show AMPL investors are stupid as rocks.

that loan is not an issue, when AMPL is big enough the dynamic supply will be accounted for by smart lenders, or they simply won't include it
thats the only 'attack' vector your listed

>its not stable
yes because the market cap is very low. please read the website to understand how it works

I know pajeet fudders are really dumb but you guys can do better than this

Wasn't arguing. Was stating a fact.

>duh, who's the stupid one

You are SALTY. Fact

High school graduate thinks he’s smarter than ampleforth.org/about/ and their advisory board.

I remember being 18, I was a cringe fedora tipper too. Follow the money OP stop being salty!

> bitcoin won’t work!

Fond memories

this

I sold a stack of btc due to fud back then, now i invest in new paradigms. Don’t you owe that to yourself op? It’s either wagecuck 40 years or made it after 10, a couple of thousand dollars don’t make a difference in a lifetime

I know how it works, you keep repeating this as if its some refutation of my points. It isn’t. I’m talking about DEFI, you cannot code a smart contract to change the term agreement, they do not work like that. Since you can’t into abstraction, If a million people borrow 500 AMPL and the supply changes to 400M over the course of 5 months, it is an unpayable loan for many people. This fundamentally will not work with DeFi, even if it does get stable around a dollar.

Ok

Once again, zero refutation. More ad hominem from AMPL holders. Maybe you guys should read how it works.

This board is a fucking joke. When will shitcoiners be forced into their own board? At this point, it's like /hr/: one good thread in a wave of coom posting faggots.

Zig Forums died long ago. If everybody could just rationally talk about coin advantages and disadvantages shitcoin discussion would be fine. But they are so emotionally invested in their bag of the month any discussion outside of “it will make you a millionaire” is such a violent oppression to them and they have to attack any criticism. They think i’m preventing them from success or something by pointing to a fatal flaw in their coin and without me everything would be ok. (It wouldn’t)

AMPL is being adopted by normies as a long term investment plan. We will actually be millionaires if we invest in this now. Don't be a fucking idiot.

Quite an egocentric explanation my dear

I’d say it is fitting in the context of this thread.

Yeah, maybe? If you can convince greater fools to give you money yeah.

>We will actually be millionaires if we invest in this now.

how to spot the ngmi. The bitcoin BVLL was basically the black swan of cryptocurrencies. everything after it was basically chasing it and normies aren't FOMOing.

It's hilarious reading this shit. you tards will graduate to penny stock scams next.... o wait, there is a penny stocks general on Zig Forums now too.

Get rich quick is basically fantasy. If you think you're GONNA BE RICH, so does every other retard too I bet.

Do research on AMPL outside of here and look at who's talking about it. 5k new wallets and most of them are new money. Stupid people are getting their stupid friends to buy into it and at this point there's nothing we can do but capitalize on the wealth that is going to be generated by it. I personally very badly don't want a bunch of retards to get rich, but seriously look at the telegram group. Boomers are buying into this. People are posting videos of themselves with their wives and kids having "rebase" parties. It's disgusting and you will lose against herd mentality.

Isn’t this what crypto, even gold and stocks, is all about? Find a relative-to-you-fool and make them voluntarily hand over their money

You don't get it. The level of hype around this is bleeding into the normie sphere, just like Bitcoin. People are posting their wallets and cashouts on Twitter and Facebook and people are losing their minds.

I mean if thats the thesis of your investment then, yeah definitely could work. Goodluck with it. But acknowledge it comes crashing down at some point.

Some investments actually have fundamental value that will generate future demand.

No, it really isn't. You're blinded by delusion due to your bag holding. You don't even know if those accounts are pajeet shills.

I've had my trigger on selling this for a while now and am astonished it keeps growing. I have no emotional investment in this at this point. You're a fool and in a couple of months you will look back and this and wonder why you didn't listen to someone trying to be reasonable with you. Follow the money.

Fundamental value is nothing more than less-fools giving more-fools a reason to hand over their money in exchange for something that makes them think their more foolish existence would get a benefit.

This is literally a thread on Zig Forums right now. Exactly the same marketing bitcoinnect, onecoin, and other ponzi/scams use.

The get rich quick delusion is hard to fight for the unintelligent and hopeless.

Attached: 3F2C0660-7C14-47B8-A701-46117A705A5D.jpg (1125x630, 386.71K)

No it isn’t. I’m not even entirely sure what you are saying. Buying up oil fields in the 1800s was a great fundamental investment. Shorting the pound when it was pegged was a great fundamental investment. No fools required.

>and wonder why you didn't listen

lmao, no I won't. I have two fundamental rules in investing:

Never have regrets
Never use hindsight

which is why I give no shits that I missed out on the bitcoin 20k run up when I sold at $100. I was confident then that the coin was a scam and I'm not going to let my hindsight cloud me. This coin smells like a scam and may still have a good bull run, but it could also fall flat on its face like many shitcoins that come and go.

so they realize if everyone does this, then there would be no buy volume right?

Yeah I'm convinced people are entirely more retarded than I originally thought on here.

AMPL is a retard magnet, midwit deterrent, high IQ dream come true.

Have you changed your mind on Bitcoin over the years?

You're so fucking stupid it hurts.

I'm bearish on any coin that has things like halvening and depend on patent encumbered hardware to effectively mine.

I'm not convinced such strange deflationary designs are healthy or functional. So no.

There is not a single coin in existence that isn’t mined with patented hardware. CPU, GPU, ASIC, FPGA, etc are all patented devices and a currency has to have an emission schedule of some sort.

Something very interesting is actually starting to happen with Bitcoin mining. We are probably 2-3 gens away from the best miners we can make, meaning the top of the line hardware will start to become more accessible to everybody. Anything under a 5nm chip is nearly impossible to create, maybe actually is impossible.