Hello to everyone that’s reading!
Since this is my first posting I’d like to say that publish0x has helped me understand crypto as well as given me a little to explore with.
For how I wanted to explain Amplforth I have taken something that is possibly the most interesting thing to all 5 year olds. Candy.
Now with most cryptocurrencies, ethereum for example, it’s an easy you buy the candy kind of transaction. You buy it once and your candy can change in value but you always have that candy.
Amplforth on the other hand changes the amount of candy you have based on its price. Think of 100 candies being $1, then a day later 80 candies is $1. Amplforth takes away these candies to ensure that you always have $1 worth of them. Now this sounds bad but just think of it going the other way, they might give you an extra 50 candies tomorrow.
Now aside from the actual explanation on how Amplforth works, the benefit on our end is that we always have the same value of Amplforth. You never have to worry about inflation or devaluing as they will change the amount you have to match.
I believe Amplforth is extremely interesting, because in a world where most ideas have already been put forth they’ve found a new way to achieve their desired result. Bravo Amplforth. Bravo.
I’m not sure that I quite understand much of the history and trends of the crypto market, at least not yet, but my prediction for the future of Amplforth is as follows: it will do well with those who understand it but poorly with those who are in it for a quick buck. I think this because people who aren’t understanding how it works or how it should be used will get scared that their crypto currency amount changes everyday.
Well that’s it from me, short and sweet just like a good candy bar