any stable coin is not interesting to me. does not matter who would support it. stable coins for me are not cryptocurrencies.
technically ampleforth isn't a stablecoin. Read into their model here:
https://www.ampleforth.org/You were wrong mate, technically they are aiming for it. If you read their Benefit section, you will see that they are offering us A unit of Account.
what does that mean? that means, they will try to maintain their price and make it stable.
even though they said they wanted to be another Store of wallet, we can not neglect their first benefit which is A unit of account.
read this:
By maintaining a price target, Amples unlock many of the use cases that our financial infrastructure relies on today. For example:
An employer could not responsibly offer an employee a salary paying 1 BTC per month, but it could offer 4000 Amples per month.
Similarly, a country could not responsibly borrow 100,000 BTC to be paid over the course of ten years, but it could borrow 400,000,000 Amples to be paid over the course of ten years.
And finally, a merchant could not denominate the price of a widget as 1 BTC, but it could denominate it as 4000 Amples.
Has anyone looked into ampleforth? Considered a "stablecoin" but really called a low volatility cryptocurrency. Backed by Pantera, True Ventures, and FBG Capital. Team is from Google and Uber.
Thoughts on their model?
https://www.ampleforth.org/It is way too complicated, I do not see any reason for me to believe this project at least until now.
