Quote from: Silberman on December 12, 2018, 09:58:05 PM

Quote from: jhanson on December 10, 2018, 10:11:52 PM

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