Confused on bancor

Ladies and gentlemen, your average noBanc. Can't even figure out how it works on his own.

Read the whitepaper bro. There is a .01eth floor, but the price is calculated by P=B/(S*CRR)

When people buy/sell, both the reserve balance and supply increase, but the supply is modified by a decimal 1 or less (constant reserve ratio). With a CRR >1, buying increases the price and vice versa

>>2576209
I'm not going to explain it to you other than, no it is not locked at that rate, and is currently trading above that rate.

>>2576215
Because coming here and asking someone who understands it to explain the mechanics behind it isn't an attempt to seek that knowledge out?

>>2576250
CRR <1 I mean

>>2576250
>
Thanks

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>>2576209

it is bulletproof shit

https://medium.com/@racooma/the-simplest-pricing-simulation-about-bancor-bnt-6d3e6e783e2

Heres a spreadsheet showing potential gains

https://docs.google.com/spreadsheets/d/1ns5fS7CvHyZyoxXC0GJWxd_ncsB04F3iAOb2dHHmtJY/edit#gid=877776767

>>2576215
these are the people buying it at 200000 sats lmao

>>2576209
more than a shitcoin it's actually a scam : https://medium.com/unchained-reports/bancor-unchained-all-your-token-are-belong-to-us-d6bb00871e86

BUT HOW DOES THE FUCKING PRICE AND THE FUCKING SUPPLY GO UP AT THE SAME TIME. IT IS EITHER ONE OR THE OTHER, OTHER WISE IT VIOLATES THE LAWS OF SUPPLY AND DEMAND.

>>2576494
read the fucking paper

>>2576494
Supply can rise as price rises, just not proportionally.

>>2576494
reserve

>>2576209

Wew..

ICO price was 0.01ETH which meant you got 100 BNT for your 1ETH.

The more people exchange their ETH to create BNT's at the Bancor website the rate begins to shift. You'll see soon that the rate will be 50 Bancor's for 1ETH and so on. Probably next year it will be 1ETH for 10BNT's and I'll be in a lambo.

Retard here
Bought 100 bank at 190K sats

Will it ever recover to that level? Feeling a bit mugged off

>>2576611
maybe, maybe not; I'm expecting the former but in what timeframe it happens remains to be seen

>>2576611
It's gained 33% eth value in 16 hours. It can only go up my friend.

>>2576629

>>2576645
Thats because ETH has fallen though reeee

>>2576645
Except it literally does not. Volume is already decreasing. Nobody gives a shit about it anymore.

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Nobancs are literally using commie tactics now.
Just look through their posts.

>>2576847
Up $200M in 16 hours since ico.

Are you actually stupid or what? Eth value is up 30% already since ICO.