How is AMPL not a giant game of musical chairs with rampant autistic memes?
If you want to play be my guest. If you get massive gains, more power to you! But to say that AMPL has any sound economics is nothing short of stupidity to the highest degree.
Would love to hear a counterargument to this other than "muh rebase."
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dude use medium or something next time, I stopped reading at tweet no. 9 or something, trust me most of people won't even read further than tweet no. 4. Your currency sucks and the website is pathetic and even prone to XSS from what I've seen. SAGED
its a scam
they pay 10% on average in rebase every day- meaning holding 1000 coins for a year would turn into about 55 billion coins
this isnt sustainable and only Zig Forums tards and dumb niggers fall for this shit
I didn't write the thread man just thought it was interesting
>they pay 10% on average in rebase every day- meaning holding 1000 coins for a year would turn into about 55 billion coins
Ladies and gentlemen: Bizlet #112312 who doesen't get how Ampleforth works and decided he wanted to let everyone know.
Also, if you scroll down further into that Twitter thread, you'll see that this guy is straight up trying to FUD this, because he wants to make money. I can get around to refuting his points, which are weak, but I think I'll just let him destroy his own credibility by showing you pic related of him in the Ampleforth Telegram. He clearly has his own interests at heart here. He even admits to it.
Elastic supply
Getting rich is only a side effect of the intended purpose
There's been months of spoonfeeding already
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It has sound economics
/thread
>he knows
damp eet
nice bait
Well, I hope you're not serious?
They're FUDing because they thought they missed the train. This is extremely bullish. Top 10 by EOY
Fucking KEK. Verified Twitter user using his account to manipulate the price. If that is not a buy signal, I don’t know what is.
I just read through that shitty +42 thread, it's mostly filler and he could have expressed his points in just 3 tweets.
His main argument is that AMPL can't be stable once it reaches the marketcap of USD (trillions kek), and that you should buy his shitcoin instead.
The guy is a fag but I still don't get how AMPL can become a stable coin (in purchasing power) if your holdings change everyday.
jesus christ I hate verified twitter losers
>checkmark
dr;ns
I believe Ampleforth is for gaining positive rebases (free money) and then just sell them as soon as the positive rebase hits because it dumps right after. Don't know how long it will last but it's definitely something you needed to be in on right away.
Because eventually the rate of growth has to slow down and price per AMPL return to $1. At that point, the ability to pump or dump the price will be much smaller due to the sheer amount of money necessary to do that. Unlike Bitcoin, which has very low liquidity relative to its marketcap, the high liquidity of Ampl will make it more and more impervious to price swings.
In the sense that a single unit has a stable value, this is already true - since 1 AMPL is pegged to the purchasing power of a 2019 US Dollar.
This is why it has potential at a high market cap - because the correlated value/purchasing power of a single unit remains fixed.
Another thing is, that the percentage of your network ownership remains fixed because of redistribution of the supply - and this makes Ampleforth resistant to inflation. If you combine both these things, it is an interesting store of value, since the value of one unit remains the same, while the currency is neither deflationary or inflationary.
The secret of ampl is lopsided mathematics. There is unlimited max positive rebase (anything >$1.05) but limited max negative rebase (anything below $0.96) of -10% at $0 price. As long as there is demand, negative rebase will still bring price up back to $1 and start FOMO cycles again. This uneven math effectively makes for trapping more base mcap after each FOMO cycle and raising the collective value of each holder's stack.
The only way value can leave is if there were prolonged 0 demand, which at this point is not realistic.
However, don't let anyone shill you with "muh compounded gains" or any such nonsense. Rebase simply changes supply evenly so everyone still holds the same % of the token supply each night. Money comes in whenever whales or FOMOers pump the price and requires continuous new demand for mcap (and hence the value of your stack) to continue to accumulate at a meaningful rate.
However, AMPL creates it's own FOMO due to having an elastic price that returns to $1. By always having a price in the $1-$3, the ROI is constantly better than industry average, when compared to other cryptos whose price ranges in the $10s, $100s, or $1000s. It's a very profitable crypto in the short and long term, while trapping value in the mcap continually, ensuring it generates hype and attention just for that. Once defi integration begins, the valuation will skyrocket simply from demand alone, and with it pull in even more FOMOers.
Advanced level: Learn to play the swings and you can multiply your %stack every FOMO cycle. Sell the top, buy the bottom.
>1 AMPL is pegged to the purchasing power of a 2019 US Dollar.
How do they do this?
How do they determine what this value is?
Have you been playing the swing? How do you do it? Dips get bought too fast and your risk getting priced unless you literally sell the local top.
They don't. It was determined by the value of the US Dollar when the project was launched and when the first percentages of the network was obtained with this purchasing power.
Think about that for a little bit - I think that's the best way to explain it.
Study price action.
That's risk. Risking appropriately rewards exponentially.
>kike blue checkmark makes thread about himself
my favorite part of your post is the "dude the fed are totally rational actors and not out for their kike friends interests first and foremost they would totally do this if it worked and was a good system lmao" argument. really good stuff.
Someone link this to him please.
chainlink oracle scraping purchasing power data from US gov. srs.
The oracle is used for rebase purposes, as far as I understand.
So this is actually an improvement upon Satoshi's original vision, I guess? Crazy.
hnngggg
yes and how do you think it determines where "$1" is for that equation?
is biz just gnna keep spoonfeeding these newfags over and over again on ampl lol
fuuuuuuuuuck
No, to gather data from exchanges, I mean.
>Kazemian trying to FUD now
lmao
>cheap ampls pls!
>new BTC!
I hate Turks, but sometimes I suspect they were right about Armenians
The value is intrinsic at this point - your amount of the supply is readjusted based on the amount supply that everyone else holds (compared to the current price of AMPL).
LMAFO
>16/ If the price of AMPL goes to $.50 because demand has halved, then the protocol halves every wallet balance so you wake up to find your 100 AMPL wallet with only 50 AMPLs after the rebase.
kek supply smoothing