Base Layer

Base Layer Episode 114 - Evan Kuo (Ampleforth)

February 26, 2020

Evan joins us to discuss Ampleforth and the Ample; the Ample is a commodity-money, like Bitcoin or gold, but with near-perfect supply elasticity, like fiat. It is the first sound money with elastic supply. Evan discusses their opinion that scarce commodity-monies like gold and silver are naturally fair and independent. They are immune to runaway inflation, but cannot efficiently respond to changes in demand—making them vulnerable to economic shocks and runaway deflation. To address this shortcoming, the project's founders designed a synthetic commodity-money that propagates price-information into supply, much like how thermal expansion propagates nearby kinetic energy into a material’s volume in the natural world.