The future of bitcoin and independent money

[jhanson]

So we all know bitcoin has a fixed supply. The store of value is there. However when it comes to trading and everyday transactions, we all know we can't use bitcoin sustainably. I've been really exploring stablecoins lately and I'm not really into fiat coins. I think they go against crypto period.

Has anyone looked into Ampleforth (formerly Fragments)? Instead of having a store of wealth, they'r every much like bitcoin where they focus on store of value, BUT they also included the unit of account. Essentially they maintain a price target and uses a protocol to inflate/deflate "amples" proportionally to the market change. So you will always have the same value in your wallet, but the quantity of "amples" can change

Thoughts on this??

[oioioi]

is the price equivalent to bitcoin? I don't know much about this yet, but to compete against bitcoin, it's a very difficult thing even though you don't like it, maybe it can replicate all the systems that bitcoin does, and get a good price from the system development

[awakpane]

In my opinion. It's hard to compare between crypto currencies and independent money. but both are elements that cannot be separated at this time. because to get crypto currency, we must issue capital, namely independent currency.

[trash321]

My thoughts are very simple, I am still beginning to understand that today very many banking sectors have already invested in cryptocurrency and are already very actively working to make money on us. Therefore, in any case, no one will destroy the product that brings money.

[akeegan]

is the price equivalent to bitcoin? I don't know much about this yet, but to compete against bitcoin, it's a very difficult thing even though you don't like it, maybe it can replicate all the systems that bitcoin does, and get a good price from the system development

The price isn't equivalent to bitcoin but ampleforth serves as a unit of account and store of wealth. This is the analogy they have on their site (https://www.ampleforth.org/)

"// 1. The Bitcoin Model

Adam purchases 1 Bitcoin at $1, demand increases and he now has 1 Bitcoin worth $4000.

// 2. The Ampleforth Model

Betty purchases 1 Ample at $1, demand increases and she now has 4000 Amples each worth $1."

[butka]

// 2. The Ampleforth Model

Betty purchases 1 Ample at $1, demand increases and she now has 4000 Amples each worth $1."

Can you help me understand this model. Is it like this:

each Ample holder receives a proportional share of their coins when demand increases?

If yes, what about the coins that are not allocated at that time (not in circulation)? Are they also inflated?

[markalis]

I am sure Bitcoin will have a mature future and will be widely adopted and recognized by everyone that bitcoin is a very unique and useful alternative currency for payment system assistance

[Muhammad Muneeb]

ampleforth algo works just like the state bank of the country to controll the inflation but in ampleforth it is price that they want to keep stable.. this is what i understand of ampleforth if anyone here can tell how exactly anples works

[xrpholder1982]

With BTC failing as a peer to peer value network the most promising replacement is Elixxir, David Chaum's new project.  It manages to excel at security, speed, scalability and low cost while being environmentally friendly.  He has a novel consensus mechanism.  I'll be looking to invest hopefully before its tokenized and on public exchanges. 

[Luke NY]

In our time, it is difficult for me to consider bitcoin and cash as separate components. Now they interact with each other and contribute to the development of the crypt as an independent payment unit.

[trade2winnn]

 I believe in the bright future of bitcoin, because it is not cool, it is in fact that would not say Banks is replacing Fiat paper money, and the entire financial system begins to change markets, and there to transfer money, so bankers and major players are silent especially, and when everything goes there and they will lead the market, just say)

[tycsols]

Do not stress much bitcoin is solod and it will come back sooner or later, you talked about its scalability issues so do not forget that a solution called lightening network is already under testing phase that when implemented will resolve these issues.
Secondly you talked about another project called fragments that increase or decrease in quantity with fiat value, i think again this concept cannot be what we need in crypro world this concept supports fiat and is more like fiat alternative nothing else.

[trash321]

I am sure Bitcoin will have a mature future and will be widely adopted and recognized by everyone that bitcoin is a very unique and useful alternative currency for payment system assistance

I always support such comments because I can confidently say that Bitcoin will really have serious value as soon as it really starts to be regulated and recognized in other countries.

[Tulen1990]

// 2. The Ampleforth Model

Betty purchases 1 Ample at $1, demand increases and she now has 4000 Amples each worth $1."

Can you help me understand this model. Is it like this:

each Ample holder receives a proportional share of their coins when demand increases?

If yes, what about the coins that are not allocated at that time (not in circulation)? Are they also inflated?

I think the best way to go about Ampleforth is reading their whitepaper (https://drive.google.com/file/d/1I-NmSnQ6E7wY1nyouuf-GuDdJWNCnJWl/view) and then going into their Telegram and asking the CEO. They're honestly pretty active on there.

Telegram: https://t.me/Ampleforth

[Silberman]

So we all know bitcoin has a fixed supply. The store of value is there. However when it comes to trading and everyday transactions, we all know we can't use bitcoin sustainably. I've been really exploring stablecoins lately and I'm not really into fiat coins. I think they go against crypto period.

Has anyone looked into Ampleforth (formerly Fragments)? Instead of having a store of wealth, they'r every much like bitcoin where they focus on store of value, BUT they also included the unit of account. Essentially they maintain a price target and uses a protocol to inflate/deflate "amples" proportionally to the market change. So you will always have the same value in your wallet, but the quantity of "amples" can change

Thoughts on this??

So they basically want to create a coin that is a stable but that doesn't rely on fiat to obtain that stability, that is interesting but it is a concept that is going to fail, one of the most important characteristics of bitcoin is that no one can manipulate the amount of bitcoin that you have in your wallet, and it seems that coin goes against that so many people are not going to like it.

[pentol86]

I see not only independent money that trying to compete Bitcoin. Now, so many ICO projects have a mission to rival Bitcoin, even Ethereum too.
However, all are still just plans, right? If Apleforth is really potential to compete Bitcoin, you need to provide more detailed and applicative reasons to explain it.
If we talk about potential, I think there are many other projects that have a vision and mission but are still limited to a roadmap and do not really compete Bitcoin in reality.

[Teraboy]

With BTC failing as a peer to peer value network the most promising replacement is Elixxir, David Chaum's new project.  It manages to excel at security, speed, scalability and low cost while being environmentally friendly.  He has a novel consensus mechanism.  I'll be looking to invest hopefully before its tokenized and on public exchanges. 

Lol david chaum's crypto just another altcoin and no more. Just because you are XRP shills and then you are comparing bitcoin with elixxir. Even XRP can't replace bitcoin and does it make sense to create such a comparison?

[TopT3ns]

Volatily is something that already planted in crypto, even since it is on first time no matter what purpose when create that coin/token, because when it is on market, price is depend on supply and demand. I think if make stable coin, it means it is only for internal transaction for community inside that coin.

[trash321]

Volatily is something that already planted in crypto, even since it is on first time no matter what purpose when create that coin/token, because when it is on market, price is depend on supply and demand. I think if make stable coin, it means it is only for internal transaction for community inside that coin.

No, I do not agree with you. Volatility is a process that is born directly in the period when something new comes to the market, something that is really very unknown to people, which eventually becomes known only after the infusion of funds.

[rmilly]

So we all know bitcoin has a fixed supply. The store of value is there. However when it comes to trading and everyday transactions, we all know we can't use bitcoin sustainably. I've been really exploring stablecoins lately and I'm not really into fiat coins. I think they go against crypto period.

Has anyone looked into Ampleforth (formerly Fragments)? Instead of having a store of wealth, they'r every much like bitcoin where they focus on store of value, BUT they also included the unit of account. Essentially they maintain a price target and uses a protocol to inflate/deflate "amples" proportionally to the market change. So you will always have the same value in your wallet, but the quantity of "amples" can change

Thoughts on this??

So they basically want to create a coin that is a stable but that doesn't rely on fiat to obtain that stability, that is interesting but it is a concept that is going to fail, one of the most important characteristics of bitcoin is that no one can manipulate the amount of bitcoin that you have in your wallet, and it seems that coin goes against that so many people are not going to like it.

How is it going to fail?? I think what they're trying to do is not compete with bitcoin, but provide an alternative currency for everyday use. Their whole concept is that you will have the same worth in your wallet (ie $100) but in terms of "amples" that number will change based on the market. They do that through their elastic supply protocol that inflates/deflates amples to match demand.

I recommend reading their wp - https://drive.google.com/file/d/1I-NmSnQ6E7wY1nyouuf-GuDdJWNCnJWl/view