The triads of Crypto
Bitcoin , Ethreum and Ampleforth
Adam Gray
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Zachary Collins
What the hell does Ampleforth even do, seriously?
Don't give me that it's too complex to understand, no, I wan't to know what the crypto world benefits from this. What is the use case put simply?
Don't say stable coin because this is anything but a stable coin.
Andrew Cook
It's future money when every fucking fiat collapses. Get in or get out.
Xavier Sanders
Its a retarded "stablecoin" protocol that aims to retain a price of $1 using positive and negative rebases depending on if above/below $1 but it actually doesnt have any value and is mostly used by whales to violently pump and dump
Jason Mitchell
2 outta 3 isn’t so bad I guess
Bentley Price
you forgot Chainlink
It's a stablecoin in the sense that it'll forever trying to keep $1 peg by uniformly increasing or decreasing the supply. But your % stake in the network will always be the same. Read the whitepaper
Christian Russell
I know that. And that isn't stable. Why would you want a stack of money that can increase/decrease depending on other peoples movements just as you don't want a currency that violently swings in value.
It's the same shit just with extra steps, so what new and revolutionizing does Ampl bring?
Carter Watson
coz people still don't understand the way it works, it's a completely new concept that's enabled by smart contract. If I have a 1% stake in the network it'll grow or shrink with the market cap. Imagine having a non-dilutable stake in fucking US Dollar while it's being printed by the trillions.
If you don't get it you don't get it, don't buy.
Adrian King
who cares
Carson Russell
Dude, if you buy into ANY other crypto with a static supply your % stake in that network will always be the same. Again, it's the same thing with different steps, it's novel, but what is actaully revolutionary here?
I'm starting to think that AMPL is just complicating enough to fool it's followers that it's newthinking and all. To me it's just the same thing.
BTC increases/decreases in value
AMPL increases/decreases in supply
Your % of the stake in both are always the same. Both are... as good?
Josiah Gray
breakout first or second week of october.
1.7B mcap if it breaks up.
stop loss: zero
Jonathan Cox
oh yea i drew those purple lines a week ago. keep trading the range and buying dips till mid october
Brandon Kelly
Imagine being this stupid, where's Bitcoins mechanism to maintain a dollar peg?
Room temperature IQ confirmed.
Owen Kelly
God damnit you guys really don't understand do you?
Bitcoins corresponding mechanism to maintaining a 1 dollar peg is to maintain a static supply. Which it btw does better than Ampl at keeping 1 dollar. So again, what's revolutionary here?
Does anyone understand what I'm getting at?
Other crypto = Stable Supply / Price Flux
AMPL = Supply Flux / "Stable" price
Sure I might misunderstand something about Ampl, but then please explain it in an advocate way you dumbnut.
David Edwards
There are no cryptos with a static supply you absolute bumblefuck. They all end up implementing inflation. Except AMPL.
Luke Price
AMPL automatically rebalances itself to 1 2019 US dollar.. on every AMM pair. That price oracle and the rebase are the innovations.
I think the redbook mentioned the psychological barrier to buying something that's high in price, like YFI - I skipped out because it was $1000 even though it was a low mcap.
However, AMPL is weird in another sort of way that I think will make it hard to catch on for most casual speculators.
Part of adoption is building it into all these food schemes and defi platforms - that's how the ball gets rolling until it's too big to ignore.
As for the % of marketcap - in both bitcoin's instance and AMPL's instance yes that's true. They both reward early adopters.
Connor Ward
> this fucking retard thinks BTC has a static supply
> what is mining
Easton Clark
he means 21M hard cap, you don't have to be so literal.
this was the question being answered
Daniel Bell
And has 21M been reached yet? No, so your share shrinks every day while more BTC is minted.
AMPL’s primary benefit is that
You never lose your share of the total MC
The AMPL itself becomes a spendable unit.
5 AMPL is always 5 AMPL and you can reasonably expect 5 AMPL to be worth 2019 $1
Austin Sanchez
“5 AMPL is always worth 5 AMPL” that should read.
Parker Bell
BTC doesn't matter specifically, it was just an example. I know very well what mining is and what the current supply is. I just took a well known coin with a hardcap roof. There will never ever be more than 21 mil BTC and you're making yourself look stupid with these comments.
But whatever, what you seemingly fail to understand or rather the problem with your argument is that you can not be sure that you will even have those 5 AMPL by the end of next year, so what does "pegged to 2019 $" matter and who would want that?
Thank you for the answers, I agree. If AMPL has an advantage it's simply the comfort of having the price close to something as familiar as a dollar.
Tyler Allen
NANO has a static and fully distributed supply.
Props to them for that.
Dylan Howard
Guys noob here, what does impermanent loss mean and why is it a big deal if it is completely eliminated?
cryptobriefing.com
Elijah Walker
it's basically the opportunity cost of being in an AMM pool.
you put in $1:$1 total in a pool
it becomes
$1.2:$.80 because of a move in the market and you pull out it's still $2.
but if you just held in your own wallet you would have $2.5 total. it's almost kind of a hedge.
James Adams
wasn't ampl the first to do liquidity mining too? there's another innovation. i could be wrong though maybe some other token did it
Thomas Jackson
Holy shit I get it now thanks, diagram helped too.
Last question, why has it taken so long for devs to come up with a way to solve the impermanent loss issue?
Jeremiah Rivera
i cant believe after all this there are retards like you still roaming this fucking board... listen here you fucking carrot topping faggot:
what does it do? IT FUCKING DOESNT DO SHIT! WHAT DOES FIAT DO? NOTHING. WHATS THE USECASE FOR FIAT? OTHER THAN TRANSACTING... FUCKING NOTHING
AMPLE IS A FUCKING BASE MONEY YOU FIGHTING FAGGOT! AND JUST LIKE ANY OTHER BASE MONEY (GOLD/BITCOIN) THERE IS NO INTRINSIC PURPOSE!
BUT!
AMPL has an elastic supply which adjusts based on demand. which means that its issued to the holders and not some select group. it has an infinite ceiling in theory
its uncorrelated
it will be stable eventually AND THEN IT WILL BE USED TO TRANSACT
David Mitchell
It's a scam which gives off the illusion of stability, it has no inherent benefit over eth, btc or any other crypto. You would be just as well served transacting in utility tokens. There is no reason to use it, midwits who think rebasing is a useful feature such as just want you to pump their bags.
good decentralized stablecoins already exist, and they're actual stablecoins, not get rich quick schemes to scam the gullible.
Aaron Myers
cause it's big brain stuff. geysers are kind of cheating; bancor v2 is supposed to rebalance LP ratios dynamically
naw ampl is a niche token for mining food tokens.
Landon Jones
Ampleforth smart pools in balancer going to be the first way to provide liquidity and generate fees without impermanent loss. Could see that being big
Ethan Butler
I really want to dump a lot of money into AMPL but the market has not been too kind to it recently.
Cameron Anderson
Cringe.
$BASED is based
Ryan Flores
if ampleforth wasn't on ethereum it would be useful. As it stands now you can't use it for day to day money.
Hudson Green
Buy $Based.