Bancor

Bancor

>he doesn't know the jews already own a majority of the crypto

wew sad

Stupid, it's a fraction of 1 Bancor that is created when new Bancor is made through the the smart contract to curb volatility. The market cap even accurately determines exactly how many Bancor there will be. They don't just print off random amounts you fucktard.

printing and deleting is literally the reason it is so great.

1 it means if you hack it they just restore everyone's holdings and delete the hacked coins.

2 someone buys from the contract, new coin is made for you and your eth goes into reserve, raising price for everyone. then an older coin holder sells to the smart contract for the profit and his coin is deleted. so this ends up being the same as the old holder selling you his coin, except to two of you didn't have to make a trade at the same time.

simple idea, but not really possible/feasible before we had this tech.

the one good thing about jews is that money is religion to them. they'll try to scam you from your money any way that the law will allow, but they won't just rob you at gun point.

...and that is just skimming the top of it.

IF you pay attention, they are always talking about "the long tail." Now for you basement dwellers on this board that probably means the tail behind the jew, but let someone who actually has a Masters in Economics to give you a quick red pill.

investopedia.com/terms/l/long-tail.asp

"What is the 'Long Tail'
The long tail, in business, is a phrase coined by Chris Anderson in 2004. Anderson argued that products in low demand or with low sales volume can collectively make up a market share that rivals or exceeds the relatively few current bestsellers and blockbusters but only if the store or distribution channel is large enough."

The idea is to make the markets super efficient, and bring liquidity to the world. First you put all those things you can't technically quantify right now because we didn't have the tech till now. After that you put the whole fucking investing system on top of it because it will just naturally come.

blog.bancor.network/how-the-long-tail-of-cryptocurrencies-spells-massive-opportunity-for-society-c5f474dbd192

You are all faggots.

>i don't buy shitcoins
>eth, zcash and waves only

>tfw brainlet tier understanding of bancor but still very excited
need more bancs desu. 2.5k doesn't feel enough

I have 6.5k bnt still need more

It's the fucking Google of the Crypto world...when you guys figure this out you will shit yourself.

How the fuck can Bryce Weiner toss stones after his endless stream of scam coins? I'm amazed no one has put out a dark market hit on him yet.

The Bancor network token is undoubtedly going to make someone some money, and may even pay off for some very early participants, but the underlying premise is flawed, the language describing their
purpose is vague, and much of the presumed value of their coin is in other coins, thus they are vulnerable to both individual coin fluctuations, as well as network irregularities not foreseen by their programmers. The claimed special use case is not sufficiently robust to prevent other coins from
naturally evolving this function.

By analysis, including technology appraisal, there is not enough to distinguish Bancor in cryptocurrency space, other than a vague attempt to replicate some banking functions. A shorter term player not likely to survive the competition over these next few years.

TLDR
(((shitcoin)))

this.

not to mention the fact that it increases in value for every ETF/ICO/token changer that uses BNT as reserve.

please explain how the underlying premise is flawed, beyond basically saying "it doesnt work".

the entire point is that its value is related to the other tokens on the platform...that's certainly not a negative.

it is one of the few projects with an actual use case from day 1, and you're here spouting bullshit. ffs it's like you don't want to make money.

>Decentralized exchange with zero counterparty risk, direct token ownership at all time, no volatile bid/ask model, leverage via CRR, ETFs with direct convertablility between tokens, and user generated currencies capturing the long tail of crypto
(((godcoin)))

...

bancor wat

also chancoin

Since im a lawyer, i will explain only legal problems with this coin. If i'm a startup, ICO or company issuing crypto assets, im THE ONLY ONE that has the legal grounds to do so.

If someone is issuing coins that only I have the right to issue, they will get a cease&desist real fucking soon.

Imagine this scenario in the real world:
>company issues 100.000 stocks
>i start printing and selling them at pegged maket price by my calculations
>"its ok guys, i will destroy any stock that gets sold to me"

Yes yes yes just like USA can't print all the cash they want. They can only print a set amount

Idk, this shitcoin in particular will probably be sued because they have the same name as 3 dozen banks that call themselves 'Bancor' and none of them will want to be slandered by a worthless Internet cryptocurrency.

I would venture a guess now that the only reason it's popped is because foriegn investors don't know the difference either and will think Bancor coin is something supported by or associated with Bancor bank.

you have no clue what you are talking about.

I just have to assume you're trolling at this point.

You've just shown you don't understand it. As a sewage worker, I will only say you are talking shit.

why do people with no idea what they're talking about always act like they're an authority on the subject they have no clue about?

i actually feel dumber having read that.

>I would venture a guess now that the only reason it's popped is because foriegn investors don't know the difference either and will think Bancor coin is something supported by or associated with Bancor bank.
You can't be serious m8

>Decentralized exchange with zero counterparty risk
Ok, but we have lots of these

>direct token ownership at all time
Ok

>no volatile bid/ask model
This is crypto, they are volatile by nature (or human nature to be exact)

>leverage via CRR
Fine, ill give you that, this is an unique usecase, but for how long?

>ETFs with direct convertablility between tokens
EFT's are shitty manipulated parallel markets. You dont need EFT's on crypto

>user generated currencies
More Shitcoins

>long tail of crypto
Forced meme if i ever seen one

>long tail of crypto
>Forced meme if i ever seen one

I guess we'll find out in the next 1-2 years.

> holding 1200 banc bros
> buying more every week

I just came

dont even bother with any price change within the next few months. keep adding and in 2 years youll be rich. Ill be a millionaire with my fellow bancbros soon. FeelsGood

nobancs getting nervous

to clarify, I do not think it's a meme...

Nobancs on suicide watch

>tfw you will be living off fees from banc backed tokens

Bancor

BANCORRRRRRRRRRREEEEEEEEEEE

Just KYS retarded faggot

i love these threads

It doesn't matter, the amount created proportionately affects the market cap. They can create as much as they want, as long as the have enough ETH to convert. Fuck you are stupid.

Yep. You are such a detective. The name is actually a problem too, it's a copyright infringement :-)

Wtf nigger

Because at least 1/3 of the human population should be erased by means of genocide.

>that edge

wew lad