Analysis in Chains - News and Views on Blockchain

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#176 - Interview with Evan Kuo, Founder and CEO of Ampleforth

June 13, 2019

 

One of the beautiful aspects of blockchain and cryptocurrencies is the ability to experiment with new economic models without the need for a bloody revolution. We can try a different way of maneuvering wealth, managing incomes, and tweaking how currency is created, destroyed, and how the rules are set, all without a civil war.

 

Enter Evan Kuo, Founder and CEO of Ampleforth.  After seeking the advice of many career economists, Evan created Ampleforth.  In most token systems, there are a fixed number of tokens and when demand goes up the price goes up.  In Ampleforth, when demand goes up, you get more tokens.  It is a new concept, different than a stable coin, that changes the rules of the currency game.

 

I took a little more time with this interview, because it is a very different model than we have seen on the show before.  And with new and complex concepts it's worth taking the time to understand. This is the very core of why blockchain will be so disruptive: it's ability to change the rules that govern these money systems so fundamental to our lives.

 

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Please note that the speakers in this podcast are not financial experts and are not offering financial advice

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Intro reel and music by Sebastian Rodriguez from NTRPY, http://www.ntrpy.berlin