I published an article summarizing Ametrano’s idea of Hayek Money and illustrating why the AMPL token can be seen as a successfully operating Hayek Money.
I hope this article helps community members to better understand:
- why the Ampleforth protocol does not eliminate volatility
- why the broader crypto ecosystem should aim to provide many concurrent currencies
- which ideas influenced the Ampleforth genesis team leading to the creation of AMPL
- why only monetary policy is able to ensure price stability
Link to article: Ampleforth is Hayek Money