I imagine trying to even explain about cryptocurrency to a person who has never heard or if he has heard has a rather vague and distorted idea in many cases about this, unfortunately people who don't know about cryptos only know that something called bitcoin is actually worth 40.000$ Thank you to the media for sending us news about malware, viruses, darknet, hackers encrypting data and asking for ransom, international terrorism seeking to finance itself, and being used by organ traffickers, drug dealers and authoritarian and dictatorial governments to avoid sanctions.
I must always first fight against all those false ideas people have about crypto and make them understand that using crypto does not make you a terrorist:
It reminds me of that movie "My name is Khan", because whenever I have to explain about cryptos it is very likely that I will have to deny or explain what the arguments are based on.
Now explain a person that there is digital money based on encryption and that it is supported by mathematical computer operations, plus the transparency/immutability of the blockchain, plus that there is a limited amount of btc.
Imagine that you name it ampleforth.
A) If the price is higher then the supply increases (expands).
B) If the price is lower then the quantity is reduced (contraction).
In the graphics we see the following:
On one hand, on the left the price variation, in which it stabilizes when reaching the gray line.
The yellow line is the expansion, and the one below is the contraction.
It doesn't make much sense if we only see that graph.
But if we see the next one on the right.
We see the supply, in which we understand that the higher the price value the fewer tokens, and when the token was worth less they increased the supply.
It is constantly regulating itself because it works on the basis of price information from the exchanges, and thus finds a balance between price and token generation.
The supply is expanded or contracted directly at the token holders who decide whether to buy or sell.
That every day at 10 Pm the corrections between price/supply occur, and that everyone can see the data and graphics of this.
In https://www.ampleforth.org/dashboard
It is based on clear rules written in ethereum smart contract.
The funds in your wallet are constantly changing, negative rebases will decrease coins and increase price and positive will increase coins and decrease price. Your percentage share of the market, however, does not change. Dont use price to trade ampl, use market cap.
If you want to experiment with AMP you should write more content from publish0x, it's a great way to accumulate tokens.
Accumulate tokens to experience for yourself how the token works
