Re: Bancor critique

Was just reading this. They actually seem to be on top of everything. Don't think Emin or any of his fans expected this kind of a response lol. Kudos to them. Back on track, bright future.

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>>2539469
To many hiccups. I was looking into getting into this and glad I didn't - even ANS looks more stable.

Emin the bitcoin cuck nobanc king got BTFO.

$150 millions in your face motherfucker

>>2539469
Emin is such a bitch. He got btfo on reddit, then deleted his comment when a redditor called him out for this quote "I don't have time to perform as thorough a review", and then tried to act like it was no problem that he published a 10 page review of something he didn't have time to review thoroughly.

What happened to that guy? He used to be somebody.

>>2539469
holy shit emin BTFO

tezos BTFO

nobancs BTFO

cant wait to buy my lambo with some bangers

>>2539546
>9gag
literally kys

Emin got REKT

Looks like those $150 million ICO dollars are paying for some top quality autists

Whoever buys this fed reserve coin deserves the bags they'll eventually be left holding

>>2539469
>was so butthurt he wrote a 50 minute article analyzing each and every line
Man being this autistic and insecure must be a daily hindrance...
He could have just brushed it off with "the success of our project will prove this to be wrong", or addressed only some key elements in Emin's article.

Not only that but he wont on a "I art holier than thou" tirade talking about what the community needs and how we need to work to change the world...
In short more buzzwords blah blah blah.

>>2539912
>He could have just brushed it off with "the success of our project will prove this to be wrong",
if he did that you cucks would be saying he was too BTFO to reply

>or addressed only some key elements in Emin's article.
so now you say that althouth he wrote too much, he should have written more. You also don't specify what aspects he didn't address

Why are all nobancs so fucking retarded?

>>2539931
Cause they are NoBancs

>>2539469
Gonna assume they got btfo I don't have time to read all that.

>>2539491
>>2539650
>>2539682
>>2539977
>>2540151
Holy shit, hows the kool aid treating you?


>fake news mentioned in the first paragraph


You've gotten the signs. I've been trying to warn people of this coin.

If you think that blogpost emotional dribble is constructive and addresses the original critique you are beyond saving.

Daily reminder that the goyim will not receive the dump pre-warning.

Not even shabbos goyim

>>2540764
This

If they address other sources as "fake news" then most probably they are the real fake news

>>2540794
>>2540764
Retards.
>nobancs
BTFO

Do they address their genetic heritage in this?

Waaaaait

If they can create unlimited bancor tokens what gives them their value?

>>2540955
They can only be created when someone purchases them, the price also goes up with each purchase.

>>2540955
Tokens get created when someone puts eth into the smart contract, and are destroyed when somebody sells bnt into it for eth

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>>2540955
SHUT UP YOU FUCKING ANTISEMITIC GOYIM BASTARD!!!

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>>2540984
>They can only be created when someone purchases them
'no'
https://medium.com/unchained-reports/bancor-unchained-all-your-token-are-belong-to-us-d6bb00871e86

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>>2541002
>>>2540984
>>They can only be created when someone purchases them
>'no'
>https://medium.com/unchained-reports/bancor-unchained-all-your-token-are-belong-to-us-d6bb00871e86

>>2539780
Just saying random stuff, hey? No way I'm buying that coin, I hear it's haunted!

How about your mom holds my bag with her tongue, bitch boy.

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>>2540764
>>2540794
notice how nobancs never actually make any arguments and instead start spouting buzzwords and making bullshit assumptions like "they used the word "hello", I don't like people who say "hello", therefore these people are scammers

>>2540764
He literally dismissed a "FUD" with another FUD.

>>2539469
https://medium.com/unchained-reports/bancor-unchained-all-your-token-are-belong-to-us-d6bb00871e86

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>>2541025
>no arguments
1) There's no "long tail" in crypto, the top-2 are ~70% of the market, the top-10 are >86%

2) BNT provides no liquidity

3) It requires arbitrators to determine the price, no real price discovery

4) buzzword laden shitcoin, there is only a "double coincidence of wants" problem in barter systems, money (BTC) solves this

5) exponential increases/decreases in price from liner changes in demand, 5% sale of BNT H A L V E S it's price

>>2541005
>>2541002
>>2541130

interesting read, is it not possible that they have given themselves these privileges for the reasons they state, and that they will indeed be disabled? I mean, at this moment the coin is still being worked on, still not trade-able. You would be jumping to conclusions to assume malicious intent based off elements of a project, which they themselves have said will only be active for a phase which we are still currently in

>>2541154
Always assume the worst. This is how most businesses operate. I cannot guarantee they will be good little boys and girls. But they have too much power. So, think about it.

>>2541207
If trading begins and these features are still active, I will be with you guys on this, but at the current state of the coin, it doesn't seem ridiculous to me for the developers of it to have these powers.

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>>2541154
>entire point of crypto is immutability and trustlessness
>"jus trust us goy!"

>>2541230
If it doesn't beat DAO hack, then it is a big success in itself.

>>2541237
They are developing a system that has not yet existed in crypto. Do you expect them not to test it in an environment that they have full control over?

I would be more worried if they did not have these powers, and were not putting the system through simulations.

>>2541276
The entire point of the crypto ecosystem is to be open.

Now, you are in the hands of people who are literally no different than banks.

The entire philosophy is lost at the pretext of making money.

Enjoy your interest rates. Good bye.

>>2541289
It's like you guys are asking someone to develop an operating system without privileges to access the system files. It is natural for them to have these powers at this stage, wait until it is released to judge it as a final product.

>>2541133
>1) There's no "long tail" in crypto, the top-2 are ~70% of the market, the top-10 are >86%
that means there is a long tail. Coinmarketcap is shit at determining this stuff so you are wrong in using that to come up with this stat anyway

>2) BNT provides no liquidity
wrong, the reserve system does exactly that

>3) It requires arbitrators to determine the price, no real price discovery
wrong, it's the opposite. Arbitrageurs (which you can't even spell) don't set the price, that's one of the innovations of Bancor

>4) buzzword laden shitcoin, there is only a "double coincidence of wants" problem in barter systems, money (BTC) solves this
wrong again. You would know if you weren't a newfag that only trades on poloniex

>5) exponential increases/decreases in price from liner changes in demand, 5% sale of BNT H A L V E S it's price
wrong again

>>2541304
Isn't the beta already out?

Why should I wait and see if it turns out to be another DAO?

>>2541304
they are retarded nobancs, what do you expect? They'll say anything to justify to themselves why they didn't buy the next big thing when they had a chance

>>2541332
One of the reasons they still have these powers is so they can be sure this DOESN'T turn into another DAO. The release was postponed from monday because they are still ensuring the coin's stability, this means they are running tests, this means they need privileges over the coin that they won't need once it's fully ready.

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>>2541002
>>2541005
even the author of the article admits the Bancor team is right in doing what they did

>>2541334
you're right, I am responding so that people reading this who are unsure don't get stuck with one side of an argument.

>>2541334
You sound like a noob. There are better projects than your silly bancor, I have made money in other great projects. Bancor looked promising in the beginning, until you start discussing and realize how much of problems it has.

You trust your investment will be safe in 40 lines of code? I think you deserve to lose money.

>>2541373
You don't address a single problem in this post

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>>2541373
>You sound like a noob
t.noob

>hurr durr Bancor is shit because I say so
not an argument.

>You trust your investment will be safe in 40 lines of code? I think you deserve to lose money.
*60k lines of code
ftfy buddy

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>>2541323
>w-wrong!
Literally all of those are 100% factual

The Top-2 being a super-majority means no long-tail

that's not liquidity and liquidity does really matter anyway because no long tail

arbs set the price read the whitepaper

again, read the whitepaper, they even include a spreadsheet that proves me right

>>2541276
nigger, that's what testing is for

>>2541401
>Literally all of those are 100% factual
they are not

>The Top-2 being a super-majority means no long-tail
that's not what long-tail means. Either way bitcoin dominance, if you weren't a newfag, you would know has gone down a lot and keeps going down, therefore the long-tail even by your retarded definition becomes always more real

>arbs set the price read the whitepaper
I have read it, but you have not understood it. Arbitrageurs are merely incentiviced to help keep the price at the same level as outer exchanges, but they don't set the price itself

>again, read the whitepaper, they even include a spreadsheet that proves me right
I have read it, your problem is you haven't understood it

>>2541401
Bancor existing provides the tools and liquidity for the long tail to grow. Even without Bancor, can you honestly say Crypto is approaching fewer coins and not more? Remember not so long ago when there was *only* one coin?

When dealing with a coin that creates and destroys itself, you need power to create and destroy it in order to work on it.

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>>2541429
holy christ you fucking retard that's literally what a fucking long tail is you fucking cock gobbling faggot shit cunt

Crypto has an incredibly narrow distribution, it's the farthest thing from having a long tail, neck yourself

Arbs set the price. This can't be argued. The pricing algor is dumb, it can't set a true price anymore than you can form an argument

Nigger, the algor isn't complicated, and they include a FUCKING SPREADSHEET THAT FUCKING PROVES ME FUCKING RIGHT. Again, this can't be argued, I am right, you are wrong, kill yourself.

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>>2541525
>holy christ you fucking retard that's literally what a fucking long tail is you fucking cock gobbling faggot shit cunt
wrong

>Crypto has an incredibly narrow distribution, it's the farthest thing from having a long tail, neck yourself
narrow distribution? kek you must be b8ing

>Arbs set the price. This can't be argued. The pricing algor is dumb, it can't set a true price anymore than you can form an argument
even in your retarded rambling you unawaringly admit that the price is set by the algorithms. Just because you are too intellectually limited to see how that will work and refuse to believe it, doesn't mean that it's arbitrageurs (which you still can't spell) who set it. You just proved you are full of shit and spreading misinformation, good job

>Nigger, the algor isn't complicated, and they include a FUCKING SPREADSHEET THAT FUCKING PROVES ME FUCKING RIGHT
It doesn't, your argument is that arbitrageurs set the price, and that is wrong
>. Again, this can't be argued, I am right, you are wrong, kill yourself.
kek look at this nigger nobanc on suicide watch because he got BTFO

>da joos
your prejudices have nothing to do with the merits of the coin

>>2541456
The "long tail", so much as it exists, has no value, it's 100% shitcoins, if you think those shitcoins have value, why not invest directly?

Second, you have no need to be able to create and destroy it arbitrarily, which is what the contract allows them to do

>>2541525
Bancor is the force that will enable the longtail and not just capture it... retard

>>2541562
Exactly

>Be bad white goym with tokens
>Get them destroyed

>>2541625
>bankcucks getting btfo

Thank g*d I passed this scam up

They have even already created successful communities using user-generated currencies (ie hearts), exactly like what bancor protocol will facilitate.

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>>2541566
people are going to dump money into clonecoin street-shitter scams because BNT makes it marginally cheaper to trade them? This is your reasoning for why BNT is worth hundreds of millions of dollars?

>>2541560
"pricing" algorithm. Happy? The algor doesn't set the market price, the market sets it and arbs trade with the BNT contract to keep it in sync

The algor is dumb, and responses exponentially to liner changes in demand, it REQUIRES arbs to not do retarded shit, because it does not and can not set a true price, pic related, their own spreadsheet

>>2541657
Your lack of finance and network effects is absurd. I am no hardcore shill so I dont bother enough to write a wall of text reply to your bullshit.

Breitman and Emin are running a scam ring with Tezos. Breitman skimming millions off the ICO.

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>>2541657
>nobancs are legit this retarded
can't make this shit up

>>2539469
HOLY FUCK BTFO NOBANCS ON SUICIDE WATCH

>>2541657
>The algor is dumb, and responses exponentially to liner changes in demand
spoken exaclty like a nigger that doesn't know what he's talking about
>it REQUIRES arbs to not do retarded shit,
they can't do retarded shit even if they wanted, because it would go against their interest. Learn2 game theory nigger

FYI. Webbot Crypto compendium marks this as the one that will be called the scam of the century.

>Shiling and coping: the thread

>>2541855
i agree, nobancs are getting desperate

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>>2540764
>used the word 'fake news'
whole article is now dismissible

hahahaha you guys aren't even trying anymore

>>2539469
Nobody thinks its funny that the logo could be a guy rubbing his hands?

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NoBanc COPING ON OVERDRIVE

BANCOR $2500 BY 2018 CONFIRMED

>>2541276
>>2541304
>>2541358
We're arguing FOR closed source now?

Satoshi, please, come back. We need you

>>2541133
All of these-- literally each and every point-- are extensively addressed in the article linked above. Ad nauseum, so everyone can be perfectly clear. But by all means, if you want to stay poor, stay fucking poor.

Bancor is an attempt to turn crypto into fiat. You give them valuable coins and they give you worthless tokens.

It wasn't enough for them, having a centuries-long run controlling the world. They need to ensure their control over the future too.

Well, congratulations. You're falling for it.

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Do no-bancers have any arguments left besides "the jews"?

>>2543738
can't unsee it now

>>2539469
It's calm, precise, and thorough. Makes the original critique look like a fucking myspace rant.

>>2544036
https://www.reddit.com/r/Bancor/comments/6ili07/bancor_will_start_trading_tomorrow/

1. Has the fact that miners can see transactions and undercut them before adding them to a block been addressed?
2. They can add and destroy tokens, bit promise to use this power for good only. 0 human organisations in the history of forever have been shown to be able to restrain themselves when given such power. What makes these guys different?

When has /pol/ ever been wrong

>>2539912
dumbass nobanc sound like you didnt even read the rebuttal

>>2541130
Ok, now that ive read this,
This is not crypto at all. It's a fiat system. The unique seliing point for cryptos is: no one can fuck with your coin balance and no one can be "blacklisted". Also no printing out of thin air shenanigans. (Corollary: ethereum hasn't been real crypto since the hard fork) Bancor is opening the way for fucking fractional reserve lending and money printing bs.
It's an enemy of crypto.
Not hating on anyone looking to make gains in the ico craze, by all means make that money, but i hope the project fails.

>>2544398
/pol/ is a delusional echochamber

>>2544503
glad that somebody sees this...its literally looking to act as a crypto bank

>>2544503
Yeah, that's why I bought some... sorry.

>>2539469

>They unironically use the term "fake news".

Welp, time to sell, dev team is retarded.

>>2539469
>he paid $300 million dollars for (((200))) lines of uncompilable code

The only losers are Ethereum users at the end of the day.

>>2544617
Containing 3 backdoors:
-create tokens at will
-destroy tokens at will
-change smart contract terms at will
Baffling, maybe most investors are newcoiners?

>>2541133
You like wasting your time posting rebuttals that we just deconstructed?

>>2544595
it what got a moron to be president goy

>>2541642
>Spells g*d with no capital G
Fucking nobancs.

>>2543940

If you cared to read them, you'd know. But you want this to work, that's why you believe it will.

Your greed will be your undoing.

>>2544664
You should read more into Bancor. Those 'concerns' were already addressed. Jesus fack, dont bash a coin if you dont know anything about it..

>>2544664
>>2544664
Creating tokens cost some small amount of eth so they have value.
Tokens are destroyed when they are spent, the small amount of eth/value goes to the seller. Smart contract is being tested now, that's why it was delayed
Nigger' you are retarded

>>2544783
>>>2544664
>You should read more into Bancor. Those 'concerns' were already addressed. Jesus fack, dont bash a coin if you dont know anything about it..
Faggot. Satoshi would be proud. NOT. Bitcoin founder was a true anarchist who wanted to create an alternative system to the one we have now: Decentralized.

If I look at Bancor it has Goldman Sachs all over written it. Let's just replace banks by crypto banks. Great idea.

>>2544830
Where have you been the past few years? Ethereum and many other new coins aren't exactly aligned with the true cypherpunk spirit either.

>>2544830
Etherium based connector for ERC20 coins.
>That's really similar to a centralized bank

Fuck off retard.

>>2544854
Didn't really look at btc in the last 12 months. Holding 100 btc and got drawn back in when I read that btc hit 2000+ ath. Don't like where we are going. Have to do some research. Only looked at bnc bc of all the fuzz.

>>2544922
You're in for a lot of more shit than just this, anon.

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>>2539469
>12442 world long response

Aint nobody got time to read all that shit.

>>2544922
You probably have the opportunity to multiply your value into the millions if you can manage to get Bancor tomorrow. Just attach yourself to the rocket, the coins is valuable for connecting all Etherium based assets together.

>>2546108
>etherium
STOP IT WHY CAN?T THIS MEME DIE

Who fucking cares about these kikes and their shit, nobody is asking the important question:

>can i make money off this when it hits bittrex

Cuz thats all i care about

>>2546758
yes. all eth tokens + antshares will also benefit.

>>2546758
Probably

>>2546758
I rather have you die faggot

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>>2546876
angry nobanc spotted, probably browses /pol/ on the daily

>>2547024
>browses /pol/ on the daily
Even /pol/ knows to buy this coin. Money talks. With Jews you win here.

>>2546876
Lol??

Must be new coiners here that actually think one of these "companies" actually has value.

Protip: none of them beyond ethereum as a platform and 1-2 for dark web and maybe ltc for transaction speed have any fucking value at all to anyone.

All we care about is can we buy low and sell high when it hits bittrex.

Ive read 300 posts in 3 bancor threads. Guess how many posts discuss what the technology does and how it benefits anyone? Zero do because there is no tech here or anything that can benefit anyone beyond a pump and dump.

>>2547056
you are just a retarded "trader". If you don't understand what crypto can accomplish it's your miss. And you are still a fucking faggot.

*coping intensifies*

Stay salty nobangers. A 10-20% is nothing in crypto. Eth is just refueling for the Bancor rocket

>>2547096

I forgot what its like to be a newcoiner and invest in a coin cuz youre captivated by buzzwords and have your emotions intertwined with your wallet.

>still zero posts about the innovative tech bancor brings and why people will need or want it

Im hodling ark longterm even though theres about a 1% they will actually bridge blockchains together

>>2547096
>>2547144

Still waiting for any sort of sentence fragment that tells me how innovative bancors tech is

>it has banc in the name which is like bank and joos so ill make lotsa money cuz thats their plan for the goyim it has to be!

>>2547227
Its your job to read the whitepaper. ask your mommy for a spoonfeed faggot.

>>2547513
Exactly, it has none. You wont post a simple explanation cuz you know youll get torn apart for using buzzwords and referencing vaporware.

>still 0

Bancucks btfo?

>>2547554
you are the one with the lack of knowledge and you think you are entitled to be spoonfed because I disagree with you lmao. go fuck yourself. idc if you miss out on the best project in 2017. I'll just remind your of being a faggot