Elastic Supply Money - Brandon Iles, Co-Founder of Ampleforth

Elastic Supply Money - Brandon Iles, Co-Founder of Ampleforth

. 1 min read

About this episode

Brandon is the Co-Founder of Ampleforth, an elastic supply money, which adjusts supply if price moves outside of a target band. In a market filled with crypto variants, Ampleforth separates itself from the rest with its novel supply mechanism. New seniorage is distributed equally amongst holders, like a stock split.

Brandon also worked at Google Search and so we jumped into his experiences there and how the company is leading the way in Total Information Awareness.

Brandon's Links





Show Transcription Notes

Where to find the show

iTunes | Spotify | Stitcher | Youtube | RSS Feed

What to listen for

  • What the economic structure of Ampleforth is and how it differs from Bitcoin.
  • Why Ampleforth is the smallest change to Bitcoin that is economically interesting.
  • Why the Ample has a price target and how that affects supply.
  • Why Amples will be volatile for a long time until mass usage comes about.
  • Why Ampleforth has volatility of both price and supply
  • How Ampleforth changes the game slightly of asset accumulation.
  • Why Bitcoin has no value and cannot be captured by any existing financial models.
  • Why Ampleforth had to adjust the smoothing parameter to increase the speed price returns to the target price band.
  • Why the creation of new Amples is akin to a stock split.
  • How Ampleforth can adjust the global supply of Amples without heavy gas costs.
  • Why Ampleforth is not in the business of creating Layer 1 blockchains and are chain agnostic.
  • How Uniswap interacts with Ampleforth and why it's different than any other smart contract interaction.
  • How Brandon and Evan met in 2014 and started Ampleforth.

Reference Material


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