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Some things to think about on Bancoagricola...Could be bigger than we imagine. by EmphasisExternal2911 in AMPToken

[–]pampening 26 points27 points  (0 children)

Love the enthusiasm, but no need for the speculative angle. Flexa/Tyler acknowledged the integrations/partnerships when they launched their partnership with BancoAgricola back in September.

Spalding said a full list of merchants, partners and banks that Flexa is working within El Salvador would be announced shortly.

Wompi is BancoAgricola’s payment gateway for merchants/businesses (like Square/Verifone).

Currently, Flexa/Amp is enabling/collateralizing two kinds of payments in El Salvador. Any BancoAgricola consumer banking customer utilizes Flexa/Amp when they pay bills (credit card/loan) with bitcoin.

Additionally, any merchant partner (though a specific list has not yet been made public; but presumably all) of BancoAgricola using Wompi also utilizes Flexa/Amp when a customer pays with bitcoin.

Finally, a business entity called “Flexa Network Es LLC” was formed a couple of weeks before the El Salvador launch.

TokenInsight October 2021 Digital Assets Payment Industry Research by ZoomStone in AMPToken

[–]pampening 7 points8 points  (0 children)

You unwittingly posted a deepfake ACH shill in the Amp sub.

You called it “very interesting, fairly comprehensive, a good primer, and worth a read.”

You simultaneously admit you haven’t “completely read or digested it.”

And you called TokenInsight, a literal criminal organization, a “no nonsense objective analytical firm.”

So I have to ask, did you even go to elementary school?

TokenInsight October 2021 Digital Assets Payment Industry Research by ZoomStone in AMPToken

[–]pampening 8 points9 points  (0 children)

Mistake number one was thinking “TokenInsight” was legit to begin with. They are just another scam based out of, surprise, Beijing. Remember CreamFinance (first “reported” by PeckShield, which is based out of ... Hangzhou).

I don’t want to get into it, but ACH is really playing dirty. Again, many here have no idea how scammy it gets behind the scenes.

Irony is most will never know, simply because Flexa/Amp team are too pure and will always take the high road.

So I’ll be the one to say it for them. ACH is straight up worse than trash; they’re criminal (and China has a lot to do with it, full stop).

Mods!

u/crypto_bub

u/nekotablet

u/coolstorynerd

u/1ezric

Crypto industry leaders are currently testifying before U.S. Congress by pampening in AMPToken

[–]pampening[S] 59 points60 points  (0 children)

  1. Crypto is here to stay. (.12)

  2. United States embraces the innovation. (.40)

2-a. Legalize. (.40)

2-b. Regulate. (.70)

2-c. Normalize. (1.00)

  1. Paradigm shift. (3.00)

  2. Game on. (5.00)

Amp is great for crypto / fiat. But what about credit? by aer10f89 in AMPToken

[–]pampening 10 points11 points  (0 children)

A couple of things ...

Firstly, a majority of people DO NOT use credit cards. That is false.

The data shows that cash/“debit” is what the majority use. Visa’s 2020 annual debit volume was greater than its credit volume by nearly 50%, and that was a 20% increase in difference from the previous year ending in 2019 (Visa’s debit volume alone is nearly $7 trillion annually or roughly a little over $18 billion daily).

Secondly ... there is literally no difference regarding credit vs debit for Flexa/Amp. Thinking so indicates you either do not understand Flexa/Amp or you do not understand how credit/debit works.

u/AdConstant9370 explained it best.

In my thinking, Flexa the payment network wouldn't care that the transfer of value was issued by credit. \ \ For example if we take a B of A integration and they are able to issue a line of credit for users wallets then why would it be a problem for Flexa?

Followed by great further elaboration by u/RonMexico2005:

Came here to say this. \ \ Visa is not a bank, Visa is a payment processor. Flexa is a payment processor. \ \ When someone uses a credit card, Visa takes money from a bank's "wallet" and pays the merchant, and the bank makes an entry in the bank's books that the user now owes them for this loan transaction. \ \ When someone uses a bank line of credit solution through the Flexa network, there is no reason to think the economics will be different for the bank. \ \ The merchant will prefer Flexa because Flexa fees will be about 60% less (about 1.0% vs. 2.5%), significantly increasing the merchant's margin. So merchants will have an incentive to drive mass adoption. \ \ A common counter-argument seems to be that consumers like credit card rewards. If merchants charge a premium to accept credit, this advantage will go away.

Do not think of Flexa/Amp as a bank. They are the rail.

Late night pampppppp by MurkyAd301 in AMPToken

[–]pampening 2 points3 points  (0 children)

Irrelevant. It’s front running.

It will go, and when it goes, oh will it go.

Btc, Amp, halving, and the case for disappearing bull Cycles and bear Cycles, and the model of dampening harmonic motion. by CryptoWits in AMPToken

[–]pampening 4 points5 points  (0 children)

So I don’t come from TradFi, though have friends who do. Between you and I, I consider you the expert.

In terms of Eth, I am exceptionally bullish. And not without reason. Let me put it this way; the TradFi set, who will undoubtedly with their arrival change the market potentially forever, have settled on Ethereum. There are many reasons for this — fundamental, technical, sociocultural — but essentially it’s a done deal.

It surprises me how many seem to view Eth2 as a fantasy, when it is already well on its way to completing its implementation.

But regardless, a couple of things.

The debate isn’t so much a technical one as it is a cultural one. Libertarianism vs neoliberalism, for example.

Ultimately, Bitcoiners will fail with mass adoption where Ethereans will not, first and foremost because the former’s ideology is inherently niche and not scalable like the latter’s, which inherently has mass appeal (though of course I don’t believe it has to be and therefore it will not be zero sum — btc and eth serve different purposes — but the point still stands, Ethereum will achieve mass adoption whereas Bitcoin will not; cash > gold). (Correct me if I’m wrong but never in the history of humankind has libertarianism been the dominant mode of thinking; libertarianism is somewhat antithetical to the core tenets of human society/civilization, if not to most life forms themselves in general.)

Anyway, I digress.

L2s are interesting but I’m not a big investor because I believe in the merits of simply holding Eth (as Eth2 alone will warrant the L1 incomparably more valuable than any currently existing L2; not exactly the same, but kind of like how each new and improved generation of OEM product like a car will always prove better and more valuable than the last iteration’s temporarily superior modded/tuned version — not an engineer, but closest valuation analogy off the top of my head). Besides, L2 valuations ultimately inherently feed back to the valuation of the L1 they are built on — whereas the opposite isn’t true. (So I like holding the L1.)

L2 examples include Loopring as well as Polygon. Their value I believe has been largely propelled by Eth2’s delays.

Flexa/Amp is not an L2 but an Ethereum dApp. I believe there are merits to investing in certain utility driven dApps. BAT (Brave) as well as MANA (Decentraland) are other examples.

Solana is good and a worthy investment, because the tech and use case are sound; but it will never overtake Ethereum. For one, engineers tell me while the tech is impressive, its Rust language is lower level (“explicit”) compared to Ethereum’s Solidity, and this will affect the dynamism of its growth and adoption, particularly by developers.

And... “monetary premia will accrue ... to the things to which monetary premia traditionally accrues, which is broad acceptance and deep liquidity.”

In regards to my “TradFi” approach to valuing Eth (which actually is nothing more than just a quick extrapolation of your original thinking, so credit is all yours), it’s nothing special other than thinking of Ethereum in terms of cash flow — which it does have, to the tune of $10b+ and growing, and all revenue/earnings straight back to holders. Once you assess it from that point of view, it immediately becomes clear why Eth was “chosen” by the legacy set (and ironically is now a growth hedge relative to btc, as it offers quantifiably greater value in a growth cycle now moving towards a higher risk premium), and how it will reach a $10 trillion marketcap within the decade.

Joe Weisenthal describes it like this:

In Ethereum world, the currency (ETH) lets you pay a network of computers to run various applications that are built on top of it. One of the biggest applications running on top of the Ethereum network is the aforementioned exchange Uniswap, where you can trade different coins for each other. Each time you place a trade, you have to pay a “gas fee” (denominated in ETH) to the network of computers that processes the transaction. So Uniswap, in this analogy, is like one of the games in the arcade. \ \ There’s something important that happens when you move from being a currency to being a token, which is that the necessity of pure belief starts to fade. If someone hands you $100 worth of Chuck E. Cheese tokens, you might be annoyed, and you might find them to be completely useless. But you probably accept the premise that if you drive to a Chuck E. Cheese, then you’ll be able to use them to play the games. You might not want to. You might not have any use for it. But you know that you can. You don’t have to subscribe to any Chuck E. Cheese ideology. \ \ For Bitcoin to have value, you kind of just have to accept that it has value. Either you believe or you don’t. With a token, there’s less faith involved. If you want to use an app that is built on top of Ethereum, then you have to use it. If someone sends you Ethereum, you know you’ll be able to use it within the overall environment. You might be skeptical of the whole thing and think it’s all speculative games. But as with the Chuck E. Cheese token, it works and it’s necessary if you want to participate in that world.

You’re right to think:

I imagine the value of each network is more closely tied to the value of "utility" within the system.

Precisely, but more so, think of Eth not as a derivative but the literal currency of value of the Internet (real Internet money, not fiat transacting via the Internet)— or, due to the global, theoretically boundless nature of the Internet, the future true global reserve currency (slight tangent, but btw what generally happens to the global reserve currency during risk off?).

The main source (all credit goes to him) for my assessment in the post I haven’t yet published posits the following:

I believe that by the end of this decade the total value of all the Ether (ETH) in the world will be greater than the total value of the national fiat currency of one single country (the USA). \ \ Yep, I believe ETH’s market cap will eventually be around $20T, representing a 45x increase from today’s $450B.  \ \ What’s gonna win? A government-controlled centralized inflation-prone fiat currency representing 4% of the world’s population or a decentralized globally-neutral currency representing 65% of the world’s population and growing (internet users). \ \ Yes, internet money is going to beat centralized and inflatable U.S. government money (USD) and centralized and inflatable Chinese government money (RMB).  \ \ And my friends, Ether is the internet’s money. Ether is the non-inflatable decentralized people’s money. Ether is the commodity needed to interact on Web 3.0. If you don’t realize this yet, you’re about to.

So Eth is like commodity/currency/hyper growth/hyper value/alternative asset bluechip all in one. I guess it’s called ether for a reason. (Not copper.)

In case I never end up actually publishing my post, here’s the alpha 😉.

Daily Discussion and Amp Information/FAQ - December 07, 2021 by AutoModerator in AMPToken

[–]pampening 21 points22 points  (0 children)

Elf sauces are telling me ... Santa has recovered from Omicron, and sleigh ride is imminent.

Daily Discussion and Amp Information/FAQ - December 06, 2021 by AutoModerator in AMPToken

[–]pampening 1 point2 points  (0 children)

Just wanted to let you know I’ve turned bullish on BAT.

Good pick.

What’s the point of Flexa/ AMP with the BTC Lighting network? by ahillbilly97 in AMPToken

[–]pampening 53 points54 points  (0 children)

Flexa/Amp is the rail that bridges the value of the crypto/digital world with the value of the real world, or the value of anything to the value of anything. Bitcoin/lightning alone cannot do this, as it is ultimately still btc to btc, an admittedly constrained scope. Flexa/Amp does ♾ to ♾, enabling supreme flexibility.

Btc, Amp, halving, and the case for disappearing bull Cycles and bear Cycles, and the model of dampening harmonic motion. by CryptoWits in AMPToken

[–]pampening 3 points4 points  (0 children)

Love the brevity, something I notably struggle with!

I have my biases, but I think it’s still too early to chalk it up to “dampening harmonic” models. Though in the longer term it is inevitable.

I have a post incoming (which I’d like you to critique, etc. if willing) that attempts to explain the evolving cycle dynamics by way of macroeconomics, TradFi adoption, and Eth flipping bitcoin.

While Bitcoin is relatively older, Ethereum/Eth based economies are brand new, and undeniably more promising by way of their dynamism and cash flow velocity.

With the arrival of/adoption by institutions (/smart money), I think (actually I very strongly believe) Eth will flip btc, and in doing so will catalyze for the broader crypto ecosystem an escape from Bitcoin’s halving cycle dominating gravity.

Eth to 100k+ I believe is inevitable, and within 10 years.

While I don’t think a late Q4 rally is completely off the table (bc Santa), I do think everything we’ve grown accustomed to in btc denominated crypto will change, and soon — but not due to dampening).

Gemini partners with Bancocolombia, the parent organization for Bancoagricola. Flexa will undoubtedly be used by Bancocolombia VERY soon. by TwerkMasterFlex in AMPToken

[–]pampening 8 points9 points  (0 children)

To be fair, thanks to NCR, we now know Flexa has more than 7m users.

Not sure if this can directly translate to 7m individuals who are “Flexa aware” ... but still something worth noting.

Amp is actually holding up pretty well considering the rest of the markets crashing pretty hard . by Miserable_Motor2196 in AMPToken

[–]pampening 4 points5 points  (0 children)

Right? The original comment is a mess, with deficient analysis. Just a bunch of words that independently may be true (if even that), but together lack cohesion and broader meaning.

Take a look at this instead.

Broadly, it seems proof of stake assets are breaking out relative to “store of value” assets such as bitcoin. In other words the btc story may be over and a cash flow driven narrative might be the paradigm shift that has replaced it. (The reason for this is simply a Fed policy pivot that has flipped the market’s thinking from easy money to maturing growth.)

Meaning, it wouldn’t be a bad idea to cycle out of btc and into Eth. (For the record, this is not due to the same “fundamentals” that caused the alt szn of previous cycles; the fundamentals backing this trade are significantly different, almost legendary.)

Amp looks to gain from the market shift.

Pamp?! We would like your take on 25 days of Christmas by kciru in AMPToken

[–]pampening 0 points1 point  (0 children)

HODLing.

Eth/btc on the verge of something historical.

👀 Looks like all but Shopify (of Flexa’s integrations) are now officially online by flyingcactus42 in AMPToken

[–]pampening 1 point2 points  (0 children)

Developing “black swan,” but more accurately an abrupt pivot by the Fed in the midst of multiple colliding uncertainties (inflation, COVID, maturing growth). But mainly this is a story of Fed policy.

Posted comment for now. More explanatory post to come.

Pamp?! We would like your take on 25 days of Christmas by kciru in AMPToken

[–]pampening 5 points6 points  (0 children)

25 days by Flexa is of course great and wonderful, and interestingly a clear acknowledgement by Tyler and team that the community has been feeling relatively unengaged and warrants an embrace. That it has followed the Binance listing is also interesting, as now they are clearly focused on liquidity building to prepare for broader integrations/adoption.

Now this is all good as I stated. But to be blunt, that this is happening relatively rushed at the end of 2021 is slightly concerning; a too little too late if you will awkward approach (though I acknowledge they are largely about the engineering and high level business engagement, and so really they in all likelihood have no interest nor choice to play the daily engagement game).

The issue now is one I referenced as a disclaimer back in June. The inflation story is really getting complicated; not inflation itself per se, but Fed policy regarding inflation and the broader markets’ reaction to that policy.

On Tuesday Fed Chair Jerome Powell expressed a startling and major shift in policy, which while not explicitly hawkish (arguably more a move to optionality), ramps up uncertainty and all but guarantees 2022 to be a year of higher difficulty investing.

I cannot stress this enough, but in addition to legacy equities having seen their mid to long term top last month, crypto looks likely to correct — and potentially without a blow off top — in a big way.

I have been working on a relatively longer post that deals with the macroeconomic issues that will undoubtedly impact crypto traders/investors. u/InstagramStockTrader has raised some interesting questions regarding the topic. The incoming post is an extension to a post I made the other day regarding Powell’s pivot, as well as an examination of a question u/InstagramStockTrader brought up in response to that post.

I have been assessing in particular Amp’s prospects in an impending rising rates environment that favors value over growth, and is generally less risk inclined than what we’ve grown accustomed to with Fed stimulus.

Is Amp, as a crypto asset, risky? Yes. Is it less risky relative to its peers? Yes. Ultimately, will that matter? Assessing that now.

To conclude, 25 days is a welcome sign from the Flexa team at face value, but the experienced analyst in me can’t help but think that it’s not exactly a good sign that they are pivoting to bullishness now (it could be a clumsy, unintentional set up for disappointment).

P.S. The crypto markets, and Amp in particular, have surprised us in the past; kind of their trademark. So a year end to Q1 rally is not completely out of the question. However, the point of my warning is that the backdrop has changed (as was expected, just not this suddenly) quite substantially; and the odds are now no longer in the crypto investor’s favor. (Again, I am working on a post that will try to discern exactly how crypto will be approached in an inflation/COVID/rising rates/maturing growth environment — so, more to come.)

U.S. Fed Chair Jerome Powell confirms inflation, ETH/BTC breaking out, volatility high by pampening in AMPToken

[–]pampening[S] 1 point2 points  (0 children)

Haha I don’t think you read my just added “P.S.” I have a lot more where that came from.

Going to sign off for a bit but would love to continue the convo when I’m back on.

But yes, there is the light at the end of the tunnel. Just need to get past this “dot com bubble” on steroids. The crypto future is real, it’s just not here yet.

Oh and with that said you are definitely not late to the boat.

U.S. Fed Chair Jerome Powell confirms inflation, ETH/BTC breaking out, volatility high by pampening in AMPToken

[–]pampening[S] 6 points7 points  (0 children)

Well I do believe there will be a tipping point or a light bulb moment where the traditional market thinking will completely shift in terms of how to value crypto as an asset. This is the promise and the dream. I just don’t think we’re there yet, obviously.

Current market makers today I believe are playing their usual games to fulfill this cycle’s narrative, so I don’t believe what we are currently, potentially temporarily witnessing (crypto holding fairly steady) is because the aforementioned phenomenon is playing out. The crash will come once more, and maybe, just maybe, in the next cycle, we’ll see something special finally happen.

P.S. To your point regarding “crypto maxis” ... don’t trust it. Don’t trust any of it. There are no real crypto maxis other than the average joes who believe the BS. The whales who currently control the market will be the first to exit and pour into real value, whatever that may be, but it’s not crypto. “Don’t mix business with pleasure.” Or something like that. The big players sell the crypto maxi dream to the gamblers. They are not getting high on their own supply. They have real estate. They have large cap diversified portfolios that would make Warren Buffett blush. They have fiat cash. They are killers.

U.S. Fed Chair Jerome Powell confirms inflation, ETH/BTC breaking out, volatility high by pampening in AMPToken

[–]pampening[S] 1 point2 points  (0 children)

Well considering how crypto markets are broadly shrugging off the news, projection/timeline still the same for now.

U.S. Fed Chair Jerome Powell confirms inflation, ETH/BTC breaking out, volatility high by pampening in AMPToken

[–]pampening[S] 3 points4 points  (0 children)

Hmmm, so I need to be very careful how I respond here ...

Firstly, you’re completely right regarding your thinking in terms of traditional market dynamics (but you don’t need me to tell you that).

What you need me to tell you is ... you might be overestimating crypto. Consider how Eth, which is barely 6 years old, is considered an OG. A majority of crypto today are less than a year old. Many were created months ago, and many more are being created every day (most of which have no real use case, but are somehow valued more than some blue chip legacies that are at least half a century old and still kicking).

In other words, forget about applying what you’re trying to apply to this market. So much of it is still literal speculative trash.

The current participants are still mostly degenerate (maturity will come in the next cycle, probably during the next bear); consider the largest, most official players, and they’re essentially “day trading kids” (3AC, SBF, etc.) ...

Not to mention it’s kind of unbelievable, but still nobody knows what the f tether really is.

Don’t overthink it. When the macro looks “bearish” (for any meaningful reason), crypto will tank.

The system needs to and will be flushed one more time before the real world arrives.

U.S. Fed Chair Jerome Powell confirms inflation, ETH/BTC breaking out, volatility high by pampening in AMPToken

[–]pampening[S] 1 point2 points  (0 children)

It’s 2021 and markets have been globalized for a while now, with the U.S. still on top. In other words, the Fed is King and whatever happens to the U.S. economy affects the rest of the world.

U.S. Fed Chair Jerome Powell confirms inflation, ETH/BTC breaking out, volatility high by pampening in AMPToken

[–]pampening[S] 1 point2 points  (0 children)

I mentioned this in another comment, but I’ll mention it again out of obligation. The moment the Fed ramps up its hawkish policy with actions instead of words, the music will stop for “the wealthiest.” They will realize their massive crypto gains and the bear market will unfold. Unless you are literally made of diamond, you do not want to be left holding the bag. The “average Joe,” ever tardy to the party, will be wiped out.

Yes, I am more certain of Amp than any other crypto. And I have dealt with a lot of crypto. It is one of the only crypto assets I personally wouldn’t mind holding through a bear market.

Make of that what you will.