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20 sats \ 8 comments \ @cryptofolyo 30 Jan 2024 bitcoin

As you can see in the charts - during the 2020 - 2021 period the rate of growth in silver was pretty steep compared to that of gold.

Similar move can be expected in case of Inflation.

Also you need metals like Gold / Silver just in case Quantum computing makes crypto encryption obsolete in which case Gold and Silver are likely to make up the losses in crypto.

Like in 2013 , 2017, 2021 - during bitcoin spikes you can convert part of the spike profits to Gold Silver and Ampleforth. Ampleforth is likely to grow further and faster than bitcoin as the scope for appreciation of ampleforth is from 100 million market cap to 100 billion - that is a 1000 times.

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21 sats \ 2 replies \ @cyberpunk0101 31 Jan 2024

If Quantum Computing breaks Encryption I'm not sure Silver will save us. I would Rather Run Multisig to mitigate Quantum Computing (for a time)

Also agree on the Territory. :)

21 sats \ 1 reply \ @cryptofolyo OP 31 Jan 2024

If bitcoin was not there in picture then this same investments would have gone into gold and silver to protect from dollar hyperinflation Now that bitcoin is there in picture part of the same money which would otherwise be invested in gold and silver would be invested into bitcoin

This scenario might reverse if encryption breaks. To be on the safer side Gold and Silver are hard assets with all the properties needed for money as described in the article

https://bit.ly/dollarhyperinflation

42 sats \ 0 replies \ @cyberpunk0101 31 Jan 2024

Yes I do Agree with what your Saying. But if Quantum Computing is breaking Cryptography then we are in trouble in so many sectors. I'm sure it will break the banks first.

100 sats \ 2 replies \ @SwearyDoctor 30 Jan 2024

what's an ampleforth?...

0 sats \ 1 reply \ @cryptofolyo OP 30 Jan 2024

https://bit.ly/ifsatoshi

0 sats \ 0 replies \ @cryptofolyo OP 30 Jan 2024

www.ampleforth.org )

tracks the value of 2019 USD
the quantity of ampl in your wallet change based on demand, if demand is higher and market rates are above 2019 USD value then total supply increases. The increased supply is distributed proportionately to all the existing wallets ( Anti Cantillon ) ( Federal reserve does the same thing but with cantillon effect because the increased supply is not redistributed
similarly if the demand is lower and market price goes lower than the 2019 USD then the supply is decreased globally and your wallet quantity also decrease
So if adoption of ample increase globally then the supply keeps increasing in your wallet

Ample Spot ( https://spot.cash )

Ample spot is a derivative of AMPL based on tranching concept where the price is stable at 2019 USD value and the supply does not change. So this can be easily used instead of using USDT ( Which needs a reserve and audits etc - centralised )
It can also be used for the next few years by regular farmers, super markets etc -who will find it difficult to spend 1 bitcoin to sow to harvest .8 Bitcoin later after 6 months because of deflation

As the article explains https://bit.ly/ifsatoshi - Satoshi would have made bitcoin this way if there was a clever way to peg the value of currency to CPI

In a nutshell

BITCOIN = FIXED SUPPLY + VARIABLE PRICE

AMPLEFORTH = FIXED PRICE + VARIABLE SUPPLY

51 sats \ 1 reply \ @siggy47 30 Jan 2024

Just a little heads up. People here pay attention to which territory you select. This probably should have been posted in personal finance.

98 sats \ 0 replies \ @cryptofolyo OP 30 Jan 2024

ok. Noted.