AMPL is an independent commodity-money, like Bitcoin or gold, but with near-perfect supply elasticity, like fiat. It is the first sound money with elastic supply.
AMPL’s creators noticed that commodity-monies like gold and silver are naturally fair and independent. But unfortunately, their fixed supply cannot efficiently respond to changes in demand, making them a poor substitute for central-bank-money.
Ultimately, natural commodity-monies are invulnerable to runaway inflation, but vulnerable to runaway deflation. To address the short-comings of deflationary monies, we need monies with high supply elasticity that aren’t controlled by a central authority.
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