RE: Stability in Digital Currencies- Steemit Crypto Academy- S4W5- Homework Post for @awesononso
Hello @abanksforever,
Thank you for taking interest in this class. Your grades are as follows:
| Criteria | Calculation |
|---|---|
| Presentation/Use of Markdowns | 1.9/2 |
| Compliance with Topic | 1.2/2 |
| Quality of Analysis & Calculations | 1.3/2 |
| Clarity of Language | 2/2 |
| Originality & Expression | 1.7/2 |
| Total | 8.1/10 |
The following caught my attention:
From the points made, it can be seen that the good or bad of CBDCs can only be determined by your point of view.
You were supposed to state your point of view.
For instance, If a user has 1 AMPL (which is worth approximately $1) and the price rises to $2, the supply inflates during the rebase period. This means that the user's 1 AMPL becomes 0.5 AMPL but the value remains at $1.
In this case, the supply would increase so the amount in the wallet would double.
Feedback and Suggestions
You did not really get the point in question 1.
You should have stuck to the instruction and stated your view in question 2.
Your illustration in question 3 needs work.
Thanks again as we anticipate your participation in the next class.
Thank you Prof. Well Noted.