After the long post on my future vision and tokenisation, and after a number of good conversations of twitter (thanks @polemitis and @pascalbouvier) today a more focused post on what the value proposition of fractionalisation has to be for investors so that fractionalisation will take off.
Introduction In this article  I want to discuss the dynamics of Ampleforth [2,3], which is a crypto currency with its twist. Instead of issuing a fixed number of units, Ampleforth monetary supply expands and contracts dynamically to keep one Ampleforth valued at around 1 USD. The expansion and contraction is executed in a pro-rata manner, meaning that they do not impact the percentage of overall supply an investor holds. On first sight this looks like a stable coin, but on second sight it is clear that this is not quite the case – it is a regular crypto coin whose price dynamics has been moved to play out in the volume space.