Can Ampleforth be a better Bitcoin?

[kubricktrader]

It just broke the top 50 cmc. You might not of heard of it but simply it aims to be a non inflation crypto with elastic supply. It targets a 2019 CPI so it's not really a stablecoin.


https://youtu.be/Mmr47bji50c

4:00-9:00 one of the devs explains the concept.

[levyashin]

It can create something good but you can't just call something can be better bitcoin. Because bitcoin is not good, there are tons of better blockchains than bitcoin but bitcoin is the first, it has brand value and asset value.

[foxy]

Ampleforth is one the cryptocurrency that took me a long time to understand how that work but I once understood AMPL it was actually quite good to increase your BTC balance but IMO holding AMPL is a bad idea we should constantly keep trading it.

[kubricktrader]

It can create something good but you can't just call something can be better bitcoin. Because bitcoin is not good, there are tons of better blockchains than bitcoin but bitcoin is the first, it has brand value and asset value.

Ampleforth is chain agnostic. It can run on anything with smart contracts and they plan to actually run on multiple ones later. So better is a bit general word. What Amplforth can be is better designed as a monetary concept. Forget technicals for a second..the best crypto for mass adoption needs to be stable to be used as a currency and not be correlated to fiat. It aims for a 2019 dollar cpi range. This is a gamechanger. Think of it like this. The cost of your home us 100k ampl and 10 years later it's still worth 100k ampl (all other factors constant) non inflationary money kills the corrupt money system bit is also stable enough to get real mainstream use. No one is gonna use bitcoin as a currency...it isn't gonna happen. For these reasons I think it can go dar beyond Bitcoin could into the mainstream.

[kubricktrader]

Ampleforth is one the cryptocurrency that took me a long time to understand how that work but I once understood AMPL it was actually quite good to increase your BTC balance but IMO holding AMPL is a bad idea we should constantly keep trading it.

Personally I think it's the perfect long term hold but that's just me..

[Doranile432]

It just broke the top 50 cmc. You might not of heard of it but simply it aims to be a non inflation crypto with elastic supply. It targets a 2019 CPI so it's not really a stablecoin.


https://youtu.be/Mmr47bji50c

4:00-9:00 one of the devs explains the concept.

Ampleforth use case is very promising but comparing to what Bitcoin have achieved is night and day, ampleforth will still have to go through alot to have a place in crypto space like how ethereum did, the difference is big presently, anything can happen in future but don't expect Ethereum and Bitcoin to stay same way for ampleforth to be better

[kubricktrader]

It just broke the top 50 cmc. You might not of heard of it but simply it aims to be a non inflation crypto with elastic supply. It targets a 2019 CPI so it's not really a stablecoin.


https://youtu.be/Mmr47bji50c

4:00-9:00 one of the devs explains the concept.

Ampleforth use case is very promising but comparing to what Bitcoin have achieved is night and day, ampleforth will still have to go through alot to have a place in crypto space like how ethereum did, the difference is big presently, anything can happen in future but don't expect Ethereum and Bitcoin to stay same way for ampleforth to be better

Don't forget the 3rd crypto in terms of marketcap and is growing is Tether. Defi needs a primate not based on the USD but still is 'stable'. If something solves a problem it can quickly find its market. I'm no noob to crypto bought.my first bitcoin in 2011. I know the power of Bitcoin but also its flaws as a payment currency. Ampleforth solves so much it would be weird if it wasn't a major crypto very soon..

[hatshepsut93]

I don't need to watch your video or google what's  Ampleforth to tell you that it has no chance of becoming a competitor of Bitcoin. Bitcoin has a proven track record of 11 years, it is develop by the best people in this field, with hundreds of active contributors, it's design is fully oriented on decentralization and security, and Lightning Network is nearly finished, which will solve the problem of scaling. Whatever altcoins can offer, it will always be inferior to Bitcoin, because the quality of their code is worse and their networks is smaller, and almost every time they have bad design choices like bigger blocks that lead to centralization.

[tsaroz]

Ampleforth seems to be a well thought coin. It has balanced many of its metrics and could be one of the largest coin by use and by marketcap. It could be considered as a better coin not just bitcoin. It's much different from what bitcoin is. A large number of coins limit their supply to a fixed number or tries to limit the issuance. They don't necessarily are a competitor to bitcoin.

[tabas]

It's currently on its high but I don't think that coin is better than bitcoin. There's no coin that's better than bitcoin unless you have your own opinion about one coin which you think it's better than bitcoin.
And as for that, it's an opinion and we have nothing to say with that if you justify it.

[freigeist]

All this DeFi shit need some "reliable" source of price information.
So to be able to work they need to gather this info from external 3rd party entities aka "oracles"
which seem to me to be a single point of failure!

What blockchain can do is only store information it can't determine if the information is valid.
I still do not understand what countermeasures are in place
to avoid for the price information to be rigged?

What about collusion of oracles?
What about hacking the price source from where the oracles are taking the info?!
Theoretically you could fuckup all the DeFi by manipulating price info or am I wrong?

[Princejebs]

It just broke the top 50 cmc. You might not of heard of it but simply it aims to be a non inflation crypto with elastic supply. It targets a 2019 CPI so it's not really a stablecoin.


https://youtu.be/Mmr47bji50c

4:00-9:00 one of the devs explains the concept.

There is something that I really like about cryptocurrency. The Trend and now it is shifted from IEO to Defi Project in general. How do you compare a coin that lost - 37% of value in just 7days to bitcoin. For short term, these Alt will outperform btc. I don't really fancy them. The only Defi project that has made difference so far is Link.
That coin is a monster since 2019 

[nelson4lov]

I knew about Ampleforth since their IEO in 2019. It's one of the few IEO projects in 2019 that has since launch. At IEO stage, each token was sold around $0.98 and raised $5M. What I don't understand is how their market capitalization got to over $200M when they raised 5 million and their token price is just a couple of X from the price offered during the IEO. I know about their staking rewards though.

Ampleforth has always looked promising to me. Their concept ajd approach was innovative at the time but I'm not it could pass as a better "Bitcoin".

[bluebit25]

So far, there are many projects that have better technology than bitcoin, but they have never been compared to bitcoin because bitcoin is unique in this market. And Bitcoin is the first blockchain of the entire market, so you shouldn't compare it with other altcoins

[hd49728]

Forget about ranks on coinmarketcap.com or any other websites. Their ranking algorithms can be manipulated and rankings themselves can not tell you a full story about a project. You can not verify a quality of a project from its ranking on coinmarketcap.com and you will be trapped with FOMO waves if you act so.

There are some cryptocurrency in the positions from 2 to 10 (the noisiest ones are Ethereum and Ripple) was seeded as better alternatives for bitcoin. After years, they all have temporarily ended with failures. I do neither believe in rankings and in any drama on bitcoin alternatives. I don't care which project in a story. Same ending is waiting.

[Yaunfitda]

If it's going to be better than bitcoin than if has to go to Ethereum first. So short answer is No, if you are talking about the price, there's no way that some coins will simply replace bitcoin. But in terms of technology, there are a lot of coins out there that is better than bitcoin. But it doesn't mean that it will make bitcoin obsolete or even be a competition for the number one spot.

[Jating]

Forget about ranks on coinmarketcap.com or any other websites. Their ranking algorithms can be manipulated and rankings themselves can not tell you a full story about a project. You can not verify a quality of a project from its ranking on coinmarketcap.com and you will be trapped with FOMO waves if you act so.

And it seems that this is another FOMO altcoins. We have seen this kind of price movement before. And after the FOMO is completed, the price suddenly goes down, and if you are drawn to it because of the hype and didn't get out on time, you can be trap.

There are some cryptocurrency in the positions from 2 to 10 (the noisiest ones are Ethereum and Ripple) was seeded as better alternatives for bitcoin. After years, they all have temporarily ended with failures. I do neither believe in rankings and in any drama on bitcoin alternatives. I don't care which project in a story. Same ending is waiting.

It's because bitcoin is really the prime mover of cryptocurrencies, and although there are a lot of competitors and better altcoin in terms of technology. They will all end the same, failure to topple bitcoin at the top.

[H1N1]

Better from what aspect ? I think bitcoin is the best cryptocurrency because there are many people trust and using it.
If Ampleforth used by most people in crypto than bitcoin, then it is obviously a better bitcoin.
unfortunately there were many scam coins in crypto, makes people afraid to use other coin than btc.

[Dariusburst]

Is there really any need for a better Bitcoin? Many new projects have been chasing this shadow of creating a better Bitcoin for many years now and till date no single Project can be put side by side with what Bitcoin is capable of, Ampleforth is a good altcoin and it should stay that way before everything turned ridiculed

[Ifemini]

Ampleforth does not need to be better than bitcoin before it can thrive and it is evident with the projects growth and progress into cmc top 50 rankings. But what is Ampleforth about? It's ranking aside what products do they offer literally?