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Re: Foreword to Gauntlet Network's Ampleforth Protocol Behavior & Trading Assessment

 On Aug. 6, 2020, 6:31 p.m.

Excellent. Thanks for sharing. No surprise in the conclusion, as the protocol is incompatible with single variable asset trading strategies.


Gauntlet Network's Ampleforth Protocol Trading Assessment

 On Aug. 5, 2020, 7:08 p.m.

This post is ported over from a foreword written by Manny Rincon-Cruz and Evan Kuo in reference to Gauntlet Network's forthcoming report about the Ampleforth...

Ampleforth Rebase & Market Cap Dynamics

 On July 31, 2020, 4:58 p.m.

Note—This is ported over from an old post written before launch. Please note that since this was originally written, the value of rebase_reaction_lag has cha...

Re: Central-Banks—A Bad Influence On Decentralized Finance

 On July 23, 2020, 5:32 p.m.

How does AMPL retain scarcity?

Good question. AMPL scarcity is determined by a set of rules in the protocol that proportionally increases or decreases t...

Early Sketches from the Ampleforth Pitch Deck

 On July 22, 2020, 6:51 p.m.

Just throwing up some old sketches I made for our original Ampleforth pitch deck.

Secretary of Treasury

This is Alexander Hamilton, first secretary of tre...

Re: J.K. Rowling could be Satoshi Nakamoto

 On May 17, 2020, 2:45 a.m.

This is pretty hilarious. Isn't it possible that wizarding monies have some non-monetary use? They are allegedly made of precious metals, but support multipl...

Re: GasEVO: Tradable Forward Contract with GasTokenv2 as its underlying asset

 On April 30, 2020, 1:28 a.m.

At a glance this makes sense to me, thinking about ETH as comparable to a natural commodity money, and imagining the origins of hedging. I'll do a deep dive ...

Re: Is AMPL really immune to runaway inflation / deflation?

 On April 27, 2020, 10:23 p.m.

The key thing to note here, is the problem we're talking about concerns the use of commodity-monies (like gold) as a reserve asset in support of a wider bank...

Central-Banks—A Bad Influence On Decentralized Finance

 On April 27, 2020, 8:21 a.m.

Modern money is debt and debt is money—Philip Coggan.

Few would disagree with this claim. Yes, the vast majority of money circulating today—so-called...

Re: Thoughts on bitcoin price post halving - April 2020

 On April 24, 2020, 6:22 p.m.

Great find Nithin!

My sense on this is two-fold:

  1. Bitcoin is a risk asset that will first and foremost be affected by people who fear losing money.
  2. Bitc...
Re: Defi Needs Better Primitives

 On April 23, 2020, 8:30 p.m.

An oldie but goodie post, ported over from something I originally wrote for the Defiant. I'll note that this drew attention to the problem of liquidity crunc...

Re: Inelasticity in physical commodities is surfacing as an issue as demand plummets

 On April 23, 2020, 5:19 p.m.

Talking about Keynes and Hayek in relation to oil is a little weird here... Sure, real world events caused the demand of oil to dry up, but that's natural...

Re: Is Bitcoin Trending From a Positive to Normative Economic Thesis?

 On April 22, 2020, 10:55 p.m.

Say I'm a builder. To build something new, I have to have an idea of how things ought to be. Then, to get new users, I need to tell them how this new plat...

Re: Inelasticity in physical commodities is surfacing as an issue as demand plummets

 On April 22, 2020, 8:59 p.m.

Something like 35% of corn is used in ethanol. As a result corn is a commodity with an extremely tight link to the fate of oil and the dimishing consumpti...

Re: Inelasticity in physical commodities is surfacing as an issue as demand plummets

 On April 22, 2020, 12:31 a.m.

It's crazy to think about how novel the concept of supply contraction (as a direct function of demand) really is.

Folks would certainly be happier right no...