Redpill me on this coin and I'll send it to the moon

sounds based and worth my ETH. Im slowly entering in this price seems good.

absolutely great if you got in like a months ago, at this point anyone entering is basically whale food

Welcome to the AMPLchads

It's good to be an AMPL chad

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it's a huge longshot and it's been beaten down currently
i'm in it because if it does what it sets out to do (be a 20+ billion market cap coin) then it'll be amazing
hold through negative rebases they don't matter in the long run

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Go onto Ampleforth's website and you will see that a gentleman called Niall Ferguson is on Ampleforth's advisory board-

ampleforth.org/about/

Who is Niall Ferguson? He is an author and historian, specialising in international history, the world economy and the banking systems therein.

More specifically and in relation to Ampleforth, he is the only author who was given access to the House of Rothschild's private archives in London in order to write two volumes on the Rothschild family.

Gentlemen if this fellow has the trust of the Rothschild family, to the point where they would give him unparalleled access to their archives that were previously shrouded in secrecy, it is not a stretch of the imagination to assume his participation in Ampleforth, especially as it is described as a 'decentralized federal reserve', is nothing short but a telling sign as to the future plans propagated by the powerful elite.

Don't sleep on this one men.

Credit goes to another user who today highlighted who this Niall Ferguson was.

I just thought more people needed to know about this.

This coin is Bitcoin but better in every single way.

This and the coinbase investor is 90% of the reason why I bought this coin last month. It's a very safe bet for long term growth.

yeah fucking longshot for sure though may as well crash to a 50 mil mcap and stay there. the amount of retards in the tg definitely suggests that outcome.

Yes, but realize it'll become more stable the larger the MC. The money is made now during swings between ~$0.60 and $3.00 on the top end. Mostly but under a $1, hold, and keep holding those rebases above $1. It is all about your % of the MC.

telegram is always shit
pajeets swarm like flys around manure around any project that pumped
i hear their discord is much better
give it 3 weeks of no action and the pajeets and moonboys will move on

You guys are still around I thought this shit was dead 2 weeks ago?

A direct solution to the TETHER PRINTER GOES BRRRR problem. The coin incentivizes it's own liquidity providers while also encouraging spending

>pajeets swarm like flys around manure around any project that pumped
well put

No. Investors from when the project began sold coins in the millions. We are just playing catch-up with all those coins added to the market.

There is no good explanation in this thread, that tells you what Ampleforth actually is - so let me try:

Ampleforth is a primitive. What does that mean? Well, Ampleforth is not created to be used inside some specific ecosystem or pool (most cryptocurrency), it acts more like Bitcoin or Ethereum. It wants to be a base currency - a currency that is not correlated with the price movements of any of the other crypto currencies.

When Satoshi envisioned a ‘peer-to-peer electronic cash’ he seems to have not considered the implications of giving Bitcoin a fixed supply - you have probably heard before, that “there will only ever be 21 million Bitcoin” - this makes Bitcoin valuable, and unfortunately, it also makes it’s price very volatile, since people use it as digital gold. People hoard Bitcoin, because it’s deflationary nature incentivizes then to do so. One year, one BTC might be 10k - the next, 15k. Because of this Bitcoin is not a good medium of exchange either, and it is not a good financial vehicle to be used as collateral. In other words, it is *not* the “electronic cash” that Satoshi was trying to create. He even said in a forum post, that if there was some way his protocol could know data from the outside world, he could have made a better currency, by dynamically adjust the quantities of it.

Well, now we have a solution to this “getting data” problem - oracles.

Ampleforth is a currency that is trying to be the ‘electronic cash’ that Satoshi was trying to create. How is Ampleforth trying to achieve this? The main thing that makes the AMPL different, is that it’s supply is elastic. This means, that the price of the currency has a target zone which it is always trying to be inside - and it will adjust the distribution of it’s supply to get there.

The target zone is between 0.96 - 1.06 2019 USD (This value is CPI adjusted and gotten with an oracle).

1/2

To get to this target zone, every 24 hours, Ampleforth undergoes a “Rebase” event, where the entire supply of the currency is readjusted and redistributed. This means, that if the AMPL has had a 24 hour avg. price, higher than 1.06 - the currency is inflated, and everyone gets more AMPL. If the avg. price is under 0.96, the currency is deflated - and everyone has less AMPL. Both of these types of adjustments move the price towards it’s target zone by doing this. By making the currency less or more scarce, depending on the demand of it.

This is genius! Because of this mechanism, you now have a currency - that at a high market cap - will always have a stable price at around 1 USD, that cannot be inflated. Imagine if the US Fed prints a couple of trillion dollars today - and you hold USD. Well, now your USD is worth less, because there is more of it in circulation. If the USD worked like Ampleforth, then part of those trillions of dollars would be deposited straight into your account to reflect, that you own a certain percentage of the USD - and since there is now more of it in existence, you get more, so that your ownership percentage of the network isn’t diminished.

This is great. Because of this - and because the opposite happens when the price falls under a dollar - we now have a currency that is neither inflationary or deflationary - it is both! And at a stable price, when the market cap finds it’s supply/demand equilibrium.

This effectively means, that Ampleforth now becomes a currency with units that aren’t as volatile as the BTC - you are not incentivized to hoard them - the value of a single unit is relatively fixed.

We now have a crypto currency that has managed to move it’s volatility into it’s supply - and therefore it can be used as collateral in DeFi applications - and eventually, we can perhaps even use it as a base medium of exchange, like the USD. The AMPL is the next step in the natural evolution of money.

2/2

So how is this coin going to 'moon' if it constantly stays within a target zone around 1 usd? Isn't this just the de facto stable currency of the future? You can't swing trade this like OP suggests.

its marketcap moons

I accidentally a word here and there, and my explanation is ultimately not as nuanced as actual reality of how Ampleforth really works.

Just note, that the price of AMPL is supposed to be volatile right now, because it hasn’t found it’s supply/demand equilibrium yet. If you throw money into this now as a speculative investment, you are essentially betting that the market cap will be higher (it has to be, for it to work) and you will reap the rewards because you will own a percentage of the network on the way towards this MC appreciation - you will be distributed more AMPL, if the MC grows.

You own a percentage of the market cap. Rebases increase supply and (in theory) the price would adjust to maintain the same market cap. If demand goes up though, it continues to rebase upwards.

>Redpill me on this coin
the majority of buyers are underwater and more likely to sell at a loss with every day. don't touch this for weeks.

It's funny that the greedy team killed their own project because of impatience, retards

See

No u won’t. U ain’t got the jooce

You own a % of marketcap any time you hold any crypto.

Don't do this to me. I thought we were all friends here...

imagine if you got 1% rebases for 365 days

Fucking this. And I'm one of them.

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does the fact that its not decentralized worry you at all? i like the project but the fact that the vreators hold most of the supply and can basically freeze the supply, manipulate price, or do whatever they see fit is worrisome