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.
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.
Geyser ends in 75 days. Hold till then = become filthy rich
Cameron Harris
Textbook Ponzi scheme
Gavin Moore
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.
Ryan Russell
Ngmi
Jordan Murphy
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.
Luke Bennett
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!!!!!
Jose Reyes
You have no idea how the coin works.
Anthony Russell
What do you mean Does it start back up again? Or will there never be staking again
Isaiah Reed
>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.
Nathan Mitchell
I heard they will either continue geyser or offer another incentive program
Ryder Jackson
A dollar in 2100 = $1 A dollar in 2019 = $1 A dollar in 1900 = $1
Stop being retarded.
Leo James
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.
James Butler
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?
Cameron Cruz
Interesting. Worried me for a second as I just got into this >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
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.
William Diaz
Be honest, you have the beard and you're a bit chubby aren't you.
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.
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.
Jace Russell
With credit to ethereum for providing a decentralized blockchain upon which to host it on.
Ryder Perez
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
John Scott
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.
Chase Carter
>Was literally designed by an Economics Nobel laureate >moron >ampleforth sucks because the balance of a wallet changes
Okay, anonymous Zig Forums poster.
Parker Jackson
EXCEPT THE TEAM OWNS 90% OF THE SUPPLY HAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHA
Jose Peterson
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.
Ian Allen
110% false, entirely decentralized. You're looking at exchange, uniswap, and locked team tokens
Connor Wilson
It's wonderful to see somebody that sees the potential.
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.
Ryan Thompson
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.
Jose Gomez
ONLY 10% TO THE PUBLIC HAHAHAHAHAHAHAHAHAHAHAHAHAHAH
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.
Carson Baker
THEY FUCKING SOLD 9% MORE TO THE SEED INVESTORS HAHAHAHAHAHAHHAHAHAHAHAHAHAGAGAGAGHAHAH MUH NEW MONEY THEY FUCKED THEMSELVES WITH THEIR FUCKING GREED DUMB BITCHES
Asher Campbell
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.
