47/ If you do decide to respond, please give concrete examples in your post the same way I did above. Give a coherent example of when AMPL would be better used than BTC (or any volatile crypto).
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48/ Disclosures: I trade AMPL 4 teh lolz. I’m also working on an algorithmic stablecoin project frax.finance. I promise Frax actually makes sense and is an actual stablecoin. But I can’t promise you the level of dank AMPL memes around our project, at least not yet ;)
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Your condensed concerns is that once it dumps under $1 a death spiral gets initiated, which never recovers? As an early investor all I can say is that this thing was half a year or so permanently under $1, which caused me big losses. It still multibagged my entry since then.
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Your anecdote doesn’t assuage Sam’s concerns. You can’t judge the resilience of a protocol based on idiots buying in
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Same applies for Bitcoin. It is all about the narrative.
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Totally false. Bitcoin monetary policy is cycle-agnostic. AMPl monetary policy is highly cyclical - it rewards you hard during pumps and fucks you hard during dumps.
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Not necessarily true. $Ampl gets scarce in dump cycles. Idea is to attract buyers in these times. Worked out great once. Let's see how it will in future with a broader audience.
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Right, but its not the kind of scarcity that benefits the holder. Everyone loses. So same logic that makes pump exciting, higher demand = higher price, more coins makes dumps depressing: lower demand = lower price, fewer coins. Thats pretty cyclical and worrying.
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I got your point. Felt the same back in the day. Though since then $Ampl could bootstrap from the depth. Reality is, noone can foresee how this experiment will work out, especially if it gets more and more attraction.
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Definitely don’t know everything. Just know a pyramid when I see one.
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