This is a well thought analysis, and then your conclusion is that chainlink's oracle function makes ampleforth the next bitcoin? I assume because it is tied to something like the value of a 2019 US dollar? That seems like a bit of a leap.
A transition period will be there where lot of people will start stacking satoshis and bitcoins But there will be some long term contracts which will have to be tied to something thing pegged to commodity price index ( preferably without inflation )
We can say that lot of people will invest on bitcoin for long term But lot of traders who cannot comfortably trade because of volatility will prefer a stable coin for at least the next few years.
The market demand in countries hit with inflation will be very high for something like AMPLEFORTH SPOT a derivative of AMPLEFORTH
USDT having a volume of 80 billion daily - The credibility of the asset backing is under question will require a competitor like AMPL which is algorithmic coin and does not require asset backing.
If AMPL volumes start picking up and demand goes higher, the market capitalisation can go very very high.
AMPL is having a multichain vision - if they come up with something on bitcoin ( like the colored coin of BISQ on top of bitcoin chain ) and which can be transacted in similar way to lightning network zaps - Real world commerce as and when it happens in crypto it will require something like AMPL
This is aligned with the original views of satoshi.
So I am not a bitcoin maximalist. Personally i keep a portfolio where 80% is in bitcoin and 20% is allocated into other cryptos. Its also best to hedge bitcoin with gold and silver coins as well to be on the safer side.
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So I am not a bitcoin maximalist. Personally i keep a portfolio where 80% is in bitcoin and 20% is allocated into other cryptos. Its also best to hedge bitcoin with gold and silver coins as well to be on the safer side.
You're still early
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early into what?
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