Great breakdown! I find it really interesting that a lot of people are also calling Ampleforth (AMPL) a ponzi scheme, when the project implements mind-blowing elastic monetary supply policies to combat everything you've described in normal projects. There is even the liquidity pool incentive where, by requiring participants in the pool to hold 50/50 Eth and AMPL, it is actively selling newly issued AMPL to meet rising supply. What I've realised with crypto is that the general public has traditionally not had access to early stage investment, so now that they can see crystal clear how early participants of a network reap outsized benefits, they tend to call it a ponzi scheme even the product or project are perfectly legitimate. Would love to hear your thoughts on how 'ponzenomics' would apply to AMPL.
Great breakdown! I find it really interesting that a lot of people are also calling Ampleforth (AMPL) a ponzi scheme, when the project implements mind-blowing elastic monetary supply policies to combat everything you've described in normal projects. There is even the liquidity pool incentive where, by requiring participants in the pool to hold 50/50 Eth and AMPL, it is actively selling newly issued AMPL to meet rising supply. What I've realised with crypto is that the general public has traditionally not had access to early stage investment, so now that they can see crystal clear how early participants of a network reap outsized benefits, they tend to call it a ponzi scheme even the product or project are perfectly legitimate. Would love to hear your thoughts on how 'ponzenomics' would apply to AMPL.
I love how simple but effective your communication is Tony.
That means a lot thank you bro!
…not sure who to credit with the term “ponzinomics” ?
How about: Robert L FitzPatrick, he wrote a book called Ponzinomics, the Untold Story of Multi-Level Marketing.
https://www.goodreads.com/book/show/50620154-ponzinomics
This is great stuff I have found over the web. Much appreciate your efforts.