thoughts on ampleforth?

[artamon]

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/

[passeroutpass]

any stable coin is not interesting to me. does not matter who would support it. stable coins for me are not cryptocurrencies.

[gelliiknya]

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/

[Javi_Anibarro]

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.

[robelneo]

I hate it when I see a project being hype using big companies like Google, if this is a good project and the team behind it really comes from Goole why I don't see in their linkedin profile that they are part of this team or this is their new project, I have seen in the past where people extract names from reputable company, the project will really be ok if it is backed by well-known developers.

[elite2291]

I hate it when I see a project being hype using big companies like Google, if this is a good project and the team behind it really comes from Goole why I don't see in their linkedin profile that they are part of this team or this is their new project, I have seen in the past where people extract names from reputable company, the project will really be ok if it is backed by well-known developers.

I think employees from google are a good benchmark in general. It is on the co-founder's linkedin.... https://www.linkedin.com/in/evankuo/

they changed their name a couple of weeks ago. They used to be called fragments, but now they're ampeleforth

[TwSeventh]

Benefits
Ampleforth extends upon the progress made by fixed supply assets by introducing the unit of account function of money without compromising store of wealth properties.

Well, I will not waste into something like this. They have yet to show their worthiness, but they already set this kind of goal.
they wanted to be a stablecoin because they are aiming for stability, but at the same time, they wanted to become Store of value. What do they want to achieve actually? do not tell me they want to become something that surpasses Bitcoin in the future?

[Endikadija]

I hate it when I see a project being hype using big companies like Google, if this is a good project and the team behind it really comes from Goole why I don't see in their linkedin profile that they are part of this team or this is their new project, I have seen in the past where people extract names from reputable company, the project will really be ok if it is backed by well-known developers.

I think employees from google are a good benchmark in general. It is on the co-founder's linkedin.... https://www.linkedin.com/in/evankuo/

they changed their name a couple of weeks ago. They used to be called fragments, but now they're ampeleforth

It looks like this backed by some companies and i'm a bit interested with it but i don't like how they were creating a lot of shilling article. They should remain neutral in creating any comparison with another platform. If he's a former from google and that sounds good.

[batang_bitcoin]

Please stop shilling and creating multiple threads for that ampleforth.

You already have one with The future of bitcoin and independent money

[eneifed]

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/

I think what we need to do is differentiate between fiat coins and stablecoins. Even then that leaves such a broad term imo. Where does ampleforth fall into this equation?

[maculeth]

any stable coin is not interesting to me. does not matter who would support it. stable coins for me are not cryptocurrencies.

me too, if it is stable then coins are not useful for investment and trading. just use it as a means of payment. but in my opinion, crypto is a volatile market, so stable coins cannot be called crypto as a whole. crypto is worth more investment if the price is volatile.

[alexcopper]

any stable coin is not interesting to me. does not matter who would support it. stable coins for me are not cryptocurrencies.

me too, if it is stable then coins are not useful for investment and trading. just use it as a means of payment. but in my opinion, crypto is a volatile market, so stable coins cannot be called crypto as a whole. crypto is worth more investment if the price is volatile.

Speaking of ampleforth, anyone see their recent audit? https://www.ccn.com/ampleforth-stablecoin-improves-security-after-audit/