/biz/ - Business & Finance

upsidedown V coin?

>>29951339
I still don't understand bitcoin in 2021

>>29951339
BSV literally is bitcoin from 2009. What the fuck is upside down V coin?

>>29951339
Is this a vechain clone?

rebase coins are ponzi schemes

What is this?

>>29951339
Come on you can do more than that. Pitch us the coin.

>>29951339
Is this Ample? Shitcoin.

Best rebase is Xbtc, and it's too early for that.

Some tell you to sell
Other try to bring you fucking scam

>don’t believe in this shit, a lot of trash on biz today
my bro always tells me - want to mine and get income - use non eth blockchain
>check Enecuum, this is best eco for this year

>>29952730
Yes, ampl.
I don't know for the fucks sake what it does.

>>29951339
why?

>>29951339
so why don't you enlighten us OP

>>29952604
Here you go

>>29951339
wtf is this

>>29951486
>>29952345
>>29952502
>>29952572
>>29952604
Every time

kek SCAMPL. keep debasing losers

Wow, so many newfags around

>scampleforth

>>29953197
Very, very interesting... I’ll be looking more into this...

>>29951339
>This is like another shitcoin in 2021

I bought this shit like 7 months ago then I lost money on it then I broke even so I sold it and swore I wouldn't touch the piece of shit again

rebase doesn't change value * holdings for any of the holders
literally useless scam erc20 token with extra steps

>>29953631
Yeah chart doesn’t look great over the last year. Interesting concept and I’ll keep an eye on it, but doesnt sound like a moneymaker. I’d honestly be more interested in investing in the company behind the currency rather than the currency itself.

>>2995133
Fuck AMPL,
the project has tons of arbitrageurs skimming folks of cash

>>29953695
You want to invest in a company that markets scams to midwits? Not a bad idea honestly.

>>29951339
Fuck AMPL
got tons of leeching arbitrageurs

>>29952542
>rebase coins are Ponzi schemes
Pajeet got into a scam, runs here shouting Ponzi.

listen, slap cash on MARK, stake and turn your losses into profit.

>>29953631
>literally useless

It allows you to denominate things

What other crypto allows you to denominate prices?

>>29953848
Yes that’s my point lol. Any money to be made here would be off the marketing, the crypto itself flat out aims to be a stable coin. I’m not too interested in trying to get a 20% swing to $1 every once in a while, but the way it’s marketed could be lucrative if the company dies it right and there’s real tech behind it. Interesting idea like I said, just not a money machine like other crypto’s can be.

>>29953631
>rebase doesn't change value * holdings for any of the holders
Read the white paper

>>29954085
you don't need a 250 million dollar market cap currency that rebases to some inflation index to denominate things, you can just use the index directly

>>29954165
>stable coin
Not a stable coin

It’s a unit of account

>>29954280
Yes, but it’s price will be relatively fixed, it’s not going to $20, and any fluctuations, even if roses are distributed among holders, would be cancelled out by any dips.
Growth potential doesn’t sound like it’s there, unless you buy at .20 while it’s still getting to it’s mcap goal.

stop discussing about bridges if you don’t know how they are working
this hypetrane wouldn’t work on thread
go tell about this trash on FB or TWITTER lil dumper
my broz not an idiots , we hold and stake on Jul

>>29954277
I don’t understand, What will you price things in?

>>29954363
Even if rises*

>>29954241
Again interesting and definitely not bullshit, but I just don’t see how it can make me money. From an investment perspective, it doesn’t make sense. From a utilitarian perspective, I can see it being adopted somewhere, but it’s not going to give you 100x returns, or even 10x from what I can tell thus far.

>>29954241
I'm not saying it can't store near-term value, just that it does that exactly as well as niggercoin or any purposeless fixed supply erc20 token.

>>29953912
>got tons of leeching arbitrageurs
So what do you have, fag

>>29954280
I feel like this will fall on deaf ears. It’s one of the most important, yet most misunderstood cryptocurrency projects in recent memory. AMPL is literally trying to be Bitcoin, a better version of Bitcoin, that is not as prone to the downsides of deflation.

This is the only flaw that Bitcoin, conceptually, has. You cannot denominate long-term obligations in it. Ampleforth fixes this, but no one understands this.

>>29954672
Yes but how is holding $1,000 of this going to turn into $10,000?
Investments don’t make sense without return, and this coin doesn’t seem to offer any sort of substantial returns. Useful in the ecosystem? Yes. Worth my money? No.

>>29954672
Nobody who really understands ampl cares about it, that's why you only see people who misunderstand it talk about it.
Damn, we need a name for this law.

>>29954750
The utility that it provides is a long-term necessity, if we want to have a functional cryptocurrency economy. The way this makes you money, is that you realize this in advance, thereby capitalizing on acquiring a larger percentage of the network now, then you would be able to later.

>>29954672
Why not just denominate BTC loans in terms of purchasing power, easy to do with an inflation index. AMPL not needed.

All AMPL does is rebase to an inflation index. Just cut out the middleman.

>>29954750
Smart guy. You can’t make money with this.

>>29954756
Scampleforths Razor

>>29954919
Thanks, that makes more sense now. I need to look further into the numbers but I’ll keep an eye on it.

>>29951339
>scampleforth

>>29954921
Because the evaluation of BTC equivalent purchasing power, would change over time as BTC becomes more scarce. Loans are not paid all at once, typically - they are paid in installments over time. You are losing purchasing power, if you do this with BTC.

It won't work until it has more liquidity and nobody has any incentive to add liquidity until it already has liquidity. Call me when it replaces Tether and exchanges start buying 100s of millions of it until then it sucks. Needs at least 10bil Mcap to work

>>29954756
Dunning Kruger coin

>>29955194
Not really true either. The liquidity programs add real incentive to hold it, I’m assuming that is the growth tactic right now, and why the organization has pledged to run and extend the scope of these for 10 years.

>>29955362
Well they need a ton of it. They can barely hold 300m Mcap right now. It looked like they were going to a billion last year but the crash was spectacular

>>29955562
The entire market is down right now. I think we’ll see a great year for AMPL, especially since it is receiving a significant amount of integration this year.

>>29954750
>worth your money

Yes, MARK does.
it offers yield farming that gives you >150% APY

>>29955688
AMPL is already late to the market with regards to interoperability.

MARK, a cousin, is currently on 5 chains aside from ETH.
>https://benchmarkprotocol.finance

>>29955717
>>29955893
All I can say, is best of luck to you - and that imitation is the sincerest form of flattery.

op posted the wrong one

>>29956104
>imitation is the sincerest form of flattery
dude, it's not flattery but an improvement to Ampleforth. and obviously better than it.

>>29956371
No, pegging it to a volatility index is antithetical to what a tool like this is incepted to achieve. But it doesen’t matter, it’s a simple game of musical chairs with your favorite FOTM terminology painted all over it.

it will pump after mid caps moon, whales move their money like a waterfall from big caps to mid caps to small caps

>>29951339
There is literally zero use case for AMPL. Great, it's supposed to be a inflation adjusted stablecoin (disregard the fact that CPI is bullshit)- sounds like you can use it as a way to preserve wealth without exposing yourself to FED nonsense, or btc's massive price fluctuations. But the catch is that you can't hold it as a stable coin because the rebases affect your holdings. So what does it become? Just another shitcoin, except that this time you're trading the mcap instead of the price. And btw, a synth tracking the CPI adjusted USD would serve the exact same purpose without the middleman.

>>29956639
>pegging to a volatility index
MARK isn't paired to any volatile index, shit is pegged to the SDR
>SDR => international reserve instrument
>fucking stable than AMPL

>>29954428
average over things

>>29957368
As market cap grows it takes more to move it off the peg so you can hold it as a stablecoin once the Ample-train is in full effect, but for now it's speculation the market cap will grow.

>>29959197
ah yes the magical coin that suddenly starts working once market cap is big enough
just buy it and you'll see
pathetic lol

>>29955893


Mark is a fucking shitcoin compared to Ampl. Please dont ever mention that in the same sentence again.

>>29959372
>Mark fucking shitcoin
Say what?!!!

Pajeet, keep holding down on that drowning piece of shitcoin.
Mark got a real team, got into 5 other chains in fucking five days.
>like who does that?
it even got more %APY than shitcoin AMPL and practically more stable than that trash.

Mark is the deal, fag
go piss on yourself, dumbass

>>29959197
High or low mcap doesn't change the fact that this is just another erc-20 with price replaced with mcap. No matter how high the mcap gets, there's no reason anyone would ever use it as a stablecoin.

>>29959258
Im talking logically though, think about it. Bitcoin gets more scarce and is therefore deflationary so price naturally goes up. As more people trade/hold Ampl, more actors take advantage of movements off the peg, so the window gets lower. Ampleforth supply elasticity is what makes it unique and in turn may make it eventually the most successful "pegged" coin in history if it gets big enough. To be a stable unit of account is huge, it needs adoption though.

>>29960232
Imagine thinking this is a stable coin. Where on the website or Twitter or any Ampleforth material do you see the word stable coin? It’s an elastic supply and cause you are probably completely ignorant to monetary theory you gong see the value so fuck off back to buying Logan Paul nfts you pathetic low IQ mouth breather.

>>29954535
Why not?

If you buy 1 at $1, then the USD falls in price, then your unit count increases.

Total value = unit count * unit price, therefore increasing either increases the value the same amount.

It's just speculation based on USD

>>29959627

Lmfao. Go look at Ampl team and backing. Its on another level than MARK. Please gtfo with that shitcoin.

How much to make it with this? I have 3k right now. Is that enough?

Final Base Protocol token release was yesterday. If you know, you know. The team has worked with and is in contact with the Ampl team.

so basically this will never moon, it will stabilize at around 1$, right?

Why the fuck would you hold AMPL?

Whales have been swinging the fuck out of AMPL. That's where the real money is being made.

>>29961103
>>29961103
you fail to see the truth in MARK.
definitely, can't compare Mark team to ampl because mark got a superb team that keeps delivering as stated in their road map.

pick up your dead bones and move

>>29951339
>This is like
Understanding by analogy is the lowest form of thinking.