Hi. I am "Ellie",
Can you tell me the tales of King Ampleforth?
You are already 5 years old now,
I will tell you like #ELI5AMPL
A long time ago in a country far, far away had a good-hearted King who named Ampleforth the Great.
He was a very good king. He did not stay always stay in the castle " Ample Fort", he always walks in public and observes what his citizens need.
He realized that other kingdoms have a demand-supply problem.
Depends on the harvest, some years people have plenty of wheat and some years have inadequate. It affects wheat prices sharply.
King Ampleforth the Great solved this problem with his brilliant "elastic supply" method.
When people provide more wheat to the market for sale, it makes the wheat price down. King Ampleforth gets some wheat to reduce the selling pressure of wheat. When wheat prices going up above "oracle", King provides more wheat to reduce the price increase at everyday UTC+2.
This makes the percentage ownership of wheat for each citizen does not change every morning even its quantity change.
Ellie, Do you understand the " elastic supply" and "rebase" clearly?
Well, If you really understand clearly at age 5, I should call the " Man in Black" :)
