Ampleforth tries to replicate fiat. We want to destroy it. Rather than attempting to recreate traditional financial structures on the blockchain, we should be developing structures that serve as their antithesis. Otherwise, the same problems inherent to the modern financial system will only be replicated once again.
We are seeing this happen in the crypto space already. Projects are no longer deemed interesting without the backing of top tier VCs. Speculators clamor at news of big banking institutions and governments allowing their technology to operate within their system. Is there no more dignity to the crypto movement?
Antiample is an ERC20 token on the Ethereum blockchain. Unlike a regular ERC20 token, Antiample has a constantly reducing supply. Holders of Antiample own a portion of the total supply of the token rather than an amount of Antiample themselves. When the value of 1 Antiample token decreases, the supply is decreased by at least 1%. This causes each Antiample to be worth more.
While Ampleforth issues more tokens based on supply and demand, we constantly destroy it. Cryptocurrency was born on the concept of deflationary assets. Antiample takes this concept to the extreme.
How will the free market behave? How will traders react to a constantly reducing supply? Who knows? What are the limits of our current concept of what a financial system is?
We don't have an answer, but if this intrigues you, you might want to join us to find out.
Ampleforth tries to replicate fiat. We want to destroy it. Rather than attempting to recreate traditional financial structures on the blockchain, we should be developing structures that serve as their antithesis. Otherwise, the same problems inherent to the modern financial system will only be replicated once again.
We are seeing this happen in the crypto space already. Projects are no longer deemed interesting without the backing of top tier VCs. Speculators clamor at news of big banking institutions and governments allowing their technology to operate within their system. Is there no more dignity to the crypto movement?
Antiample is an ERC20 token on the Ethereum blockchain. Unlike a regular ERC20 token, Antiample has a constantly reducing supply. Holders of Antiample own a portion of the total supply of the token rather than an amount of Antiample themselves. When the value of 1 Antiample token decreases, the supply is decreased by at least 1%. This causes each Antiample to be worth more.
While Ampleforth issues more tokens based on supply and demand, we constantly destroy it. Cryptocurrency was born on the concept of deflationary assets. Antiample takes this concept to the extreme.
How will the free market behave? How will traders react to a constantly reducing supply? Who knows? What are the limits of our current concept of what a financial system is?
We don't have an answer, but if this intrigues you, you might want to join us to find out.
Altcoin season is a myth and only happened in 2017 one time after Ethereum pumped.
Post
Topic
BoardSpeculation (Altcoins)
Re: Massive adoption of algorithm trading..1800% since 4th May 2019 - GRAYLL💰
by
billdrummond
on 28/07/2020, 19:17:56 UTC
You need more explanation into the mechanics of this fund. Just saying 'Deep Learning' and posting something where you turn a dime into twenty cents isn't enough to get people interested.
Post
Topic
BoardAltcoin Discussion
Topic OP
Antiample - An anthesis to fiat
by
billdrummond
on 28/07/2020, 04:28:23 UTC
I am experimenting with developing an Ampleforth clone that, rather than tracking fiat through modifying supply, constantly decreases supply as price falls. In this way, a true deflationary asset is achieved.