BILU Bancor will literally be above $100 next year. The number

>>3368768

I'm not opposed to picking up a few BNT. But some other anon said they can just "print" new BNT tokens if they needed too. Effectively, the price never actually mooning, but staying low. Just want a little clarity before buying maybe 100-200 of these. Any insight?

>>3368789
Bancor is not yet trustless and decentralized. They claim it's to prevent exploitation like the DAO. You either believe them or don't.

>>3368789
Read the whitepaper and understand how the price/supply works through the smart token. More tokens = higher ETH value.

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https://medium.com/bitjob/bancor-and-bitjob-unique-collaboration-81277aed4cb2

https://medium.com/joinindorse/indorse-ind-bnt-token-changer-for-the-bancor-network-11d9dc6ac705

https://s3-eu-west-1.amazonaws.com/sharpe-website/whitepaper.pdf

https://kickcity.io/static/whitepaper-en.pdf

https://www.kickico.com/whitepaper

https://enjincoin.io/enjincoin_whitepaper.pdf

https://www.stox.com/en/

All using Bancor.

>>3368768
This project will turn y'all antisemitic.

Bancor was a keynes idea, does this try to emulate his original idea?

STOX

Official Announcement:

Our US legal counsel has come back to us with a very positive legal opinion, that the Stox token does not constitute a security.

That is, the token does not fail the Howey Test, and hence is not in violation of the US securities law.

This will allow Stox to operate smoothly and openly moving forward.

Everyones avoiding this bancor thing like the plague.

>double coincidence of wants
>muh price floor


Bancor is literally gibberish

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>>3369519
>Bancor is literally gibberish
Only to absolute retards.

>>3369519
>Everyones avoiding this bancor thing like the plague.
Yeah just ignore this list>>3368920 and the partners they have.

>>3369619
Why dont you prove me wrong by explaining in plain english what the point of this piece of crap is?

I'll wait...

*tumbleweeds*

>>3368920
STOP

my dick can only get so hard

so gains barely comparable to what Ethbet investors will get?

sounds about right

>>3369638
So is bancor its own blockchain?

What is the point of people "partnering" with bancor? Isnt this just pointless publicity guff?

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>>3369649
https://www.bancor.network/static/bancor_protocol_whitepaper_en.pdf
If you don't understand it by now it's obviously beyond your comprehension. Gas yourself.

Bancor is unstoppable

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>>3369697
no
token changers and smart tokens
...
kys

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>>3369649
Saved this a few days ago

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BILU

>>3369715
If its so great then why is the value constantly falling?

It has the price action of a flawed convept badly executed

LOL @ the poor virgins in denial at their shitty investment. The market sees bancor as a total joke. You're down 50% on your investment while others are up 500% just from OMG or 1000% from ANS. Just fucking kill yourself for missing August's bull run ROFL

>>3369766
Is It because the free market is anti semitic? Or is bancor complete nonsense smoke and mirrors from start to finish?

>>3369750
>past performance means it will never rise
Remember to buy high.
>>3369778
>Or is bancor complete nonsense smoke and mirrors from start to finish?
Nah, you're clearly to thick to understand it,

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>>3369778
>>3369766

Bancor team don't even started with hype - right now anons you can all laugh and joke but next year will be owned by BNT...
...and then it will be fucking too late for you to jump in

- you can also screencap this

>>3369802
Well you seem to be too thick to even explain it so we're even

>>3369816
I could, but what's the point? You can't read a whitepaper or search for a dumbed down article explaining it. DYOR

>>3369848
The whitepaper is incomprehensible nonsense my friend. If you had half a brain you would discern this fact for yourself

This isn't the explain to nobancs why they should buy or what bancor is thread. I want you all to remember these threads when it's $100.

>>3369859
It's fine, maybe an ARK thread would be more suitable for you.

>>3369876
So im correct, bancor is nonsense and even their shill in chief struggles to explain its use.

>$100

When hell is an icerink

>>3369903
Nah, you can't understand it from all the available information then I'm not going to explain it.

>>3369896
I was the first person to bring ark to /biz/ attention and i made good money from ark (the coin has no future though unless it is extremely lucky)

I was also the first person to bring bitbay to /biz/ (i regret im sorry) but i made good money

I was also the first person to bring ethereum to /biz/ back in 2015 no regrets made everyone here rich.

You're talking to the biggest fucking shill on /biz/ right now, and probably one of the biggest whales.

If you can explain to me why bancor is worth giving a shit about then i will buy some of it and evangelise it to /biz/ all day long, you will have actually made progress with your publicity campaign because you will have gained a valuable convert. But instead you squandered the opportunity by refusing to explain the utility of your coin.

>>3369952
I don't want you to buy it desu. I want you to leave this thread and never buy. I want you to remember that you didn't because of me when bancor is $100.

>>3369933
I need to hear one of you convincingly explain it. If it's biggest proponents (you) cant even explain it in plain english then how am i supposed to believe in it's future? I need to invest in a coin with convincing shills, because if the shill isnt even convinced enough in its own coin to convince other people then how can i expect other people to be convinced enough in its future to buy it if you get what im saying.

>>3369986
So you DONT want me to buy bancor?
Man this bancor shit is destined for tge trashbin it has the weakest shills ive seen.

>>3369992
You're too annoying, I have no desire to explain anything to you. Don't buy bancor.

0.00790058 Eth. Yikes.

>>3370010
Im annoying to you because im pointing out some hard truths.

If you want to shill a coin you have to shill it from your geart and soul, no one is going to buy your coin if you arent willing to even put forth an argument in it's favour.

This is shilling 101.

>>3369952
Refer to >>3369747 as the most basic of basic rundowns. There are global implications the UN are interested in that aren't even listed here. The shitcoin liquidity component coild lead to things like : Cities in Zimbabwe have their own separate currencies, fully liquid and trafeable on the network at any time. The more tourists/business/whatever the fuck comes to their city, the more currency is purchased, and the more it is worth. Now they have incentives to invest in infrastructure instead of personal enrichment, law enforcement cracks the fuck down on anything that scares away visitors, the people thrive, and third world shitholes become viable places to live/contribute to the world economy instead of just being a drain. If Zimbabwe as a nation's currency fails, the individual cities are not fucked to death, because their currencies are based on their own success. It's quite darwinian, really, very libertarian. This is the aspect the architect of the Euro (with all his grand ending povery talk) is focusing on. It's what the UN is focusing on. It's likely why Tim Draper et al have invested. Their ambitions are global, and they have serious entities backing them. Take it as you will.

>>3370045
Try typing something that isn't utter nonsense

>>3370025
>hard truths
>can't understand the whitepaper, doesn't know what token changers and smart tokens are
You literally know nothing about this token.

>>3370076
Oh, okay. You don't understand so it's nonsense. Nevermind then.

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>>3370045
You just rekt your own point with mentioning africa. it seems like you lack experience, kiddo!

>>3370082
Well, try and educate me, i am willing to learn

>>3370198
A screenshot of a chat about marketing that ive seen posted here a thousand times isnt going to cut it im afraid.

I want to know the why and the what of bancor and you have about 20 minutes to come up with the goods before i mentally file it under "rubbish"

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>>3370224
file away..

>>3370216
Utter bollocks. Did you even read this? The guy is literally sniffing his own farts

>>3368768
Bought 200 more at 1400 now, but I heard Galia isn't impressed with anyone holding less than 2k so I'll have to work on it

>>3370239
And? What is that supposed to show? That someone typed words?

>>3370224
LOL you're acting like you're some hotshot investor that we're dying to impress. Nobody cares if you jump in with your measly 1btc.

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>>3370254

lmao nothing rustles people harder than a bancor thread

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>>3370254
more words

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>>3370254
dont buy bancor

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>>3370269
this is how you get your hands on good info...

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>>3370224

nobody need to convince you anon in anything

no need to write my own words - I'm not native english speaker

but check this out - what BNT smartoken is used for

there are listed main usecases for Smart Tokens and Bancor Protocol

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>>3370254

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>>3370254
also NILU

What im gathering is that for bancor to work it requires all other tokens to hardfork to accomodate this function, which is the same problem that multiple projects have tried and failed to do such as blocknet.

Seems like an uphill struggle to me.

Good luck though, im out.

https://youtu.be/1G256H_Q0bI

>>3370433
>What im gathering is that for bancor to work it requires all other tokens to hardfork to accomodate this function
Wrong. So fucking wrong. Just give up.

>>3370464
Ok explain how bancor functions, like ive been asking for a long time

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>>3370490
Could this be the moment i´ve been waiting for?

>>3370526
Doesnt seem so, it looks like these shills have gone.

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>>3370490
>>3370526
>>3370729

>>3370729
i feel steamrolled by some kind of agressive marketing campaign. at least mr. 24 posts sticks to the plan.

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>>3370784

>>3370784
Im just trying to get to the bottom of this like you. But none of these tired cunts will give me a straight answer. If they're getting paid for this then they are defrauding their employer

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>>3370829

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https://medium.com/@eyul/bancor-progress-update-d2b9ef65fdbf

>>3370860
Faster than their telegram channel.

>>3370866
Been on twitter 20 minutes.

there's no long (or short) term value in the token itself. if anything they didn't use ethereum because they simply cant print more ethereum when they need to, for free. with their own token they can, and the system is designed to.

>>3370860
Business Development
We have a heavy focus on collaboration as part of our desire to integrate various initiatives and build a truly healthy ecosystem. Below are technologies we are exploring:

Cosmos—Making BNT a cross blockchain token, reducing number of required hops for converting any token to any other.
Waves—BNT on Waves blockchain and smart tokens on Waves upcoming smart contracts
Lykke —New opportunities made possible thanks to the recently announced Lykke Ethereum Integration.

>>3370860
Smart tokens deployment
There are many Smart Tokens in various stages of smart contract implementation. They are all independent ventures that have chosen to use Bancor protocol technology. Some of the use cases include:
Asset Tokenizers (Similar to Digix, for other types of assets)
Decentralized Messaging Platforms
Blockchain-related hardware and devices
Token-based Venture Funds (Similar to ICONOMI, TaaS)
Financial Services
Game Tokens
User-Generated Content
Payment Gateways
Loyalty Marketing
Community Currencies, existing and new
And many more…

>>3370974
So nonsense basically.

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>>3370994

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>>3370982
this is some abstract shit. you know that theres potential investors out there that use these buzzwords to fuel their cringe threads?
at least keep it simple one time and tell what the next big thing will be and how it will profit investors.

>>3371103
It's really not..as you can see >>3368920 it's already happening.

>>3371103
This

>>3371117
>"It's"

What is? Literally what is happening?

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>>3371118
>>3371133

>>3371142
Please enlighten me

>>3370994
>>3370982
In other words, the font-end for the token changers still doesn't work... Their tech is still useless. That sucks.

>>3371277
Seems so. Like i said earlier the concept is flawed and the execution is worse

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>>3371290
>Like i said earlier the concept is flawed and the execution is worse
You can't understand the white paper and don't know what smart tokens/changers are. How the fuck would you know?

>>3371290
They keep announcing partnerships, giving interviews, going to conferences to network, but the truth is there's NO FUNCTIONING PRODUCT.

They say their smart contract processed $300 million, but that's people who bought and sold bancor with ETH through their website.

The token changer is useless without the front-end. I can't believe that's all they have to announce after 2 whole months.

>>3371313
>You can't understand the white paper and don't know what smart tokens/changers are. How the fuck would you know?
They're supposed to release a website where people can exchange any token for any token without spread. Alpha has been up for 2 months but it simply doesn't work. Eyal said:

>While it’s very simple to purchase BNT tokens by sending ETH to the contract address (which then automatically returns BNT to the sender), the fully-featured process of purchasing and liquidating Smart Tokens (with optional price limit) is still cumbersome to use.

In other words, the token changer doesn't work! After 2 fucking months. The language he's using is deceptive, investors are smart enough to see through the bullshit.

>>3371388
So its just all fucking bullshit.

They raised 300 million for this piece of shit?

>>3371419
They raised $153 million.

>>3371388
How is it deceptive to say the alpha is cumbersome to use?

>We are working on integrating web3 to our web UI, which will enable users to use Metamask, Parity and imToken as external wallets, and to trigger token conversion transactions from an easy to use web service—to be executed through these wallets.

>>3371450
>How is it deceptive to say the alpha is cumbersome to use?

It's not cumbersome. It's simply not functional. You CAN"T DO ANYTHING WITH IT.

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>>3371457
It currently only allows BNT to ETH yeah. You can see what's coming on the page

>>3371500
>You can see what's coming
A product that hasn't been released isn't "cumbersome", it simply isn't functional. There's no product. An alpha testnet is good for nothing. They need to start setting deadlines and tell us when the token changer website will be up and working. Bancor is useless without the normie-friendly token changer. They had two months to get it to work, why is it taking so long?

>>3368768

nobancs can't handle the bnts

>>3371450
All that means is that they havent got it to work at all. I would say the reason is that the concept is fucking stupid as fuck in the first place

Bancor will only go above 100$ if Ethereum is worth 50'000$.

Bancor won't be worth anything in the next year, buy it once 100BNT hits 1/10 ETH. and then pray for an actual product.

>>3371541
Stop trying to pump your bags. Hype won't work. People won't buy the coin until they release a functioning product. No one cares about partnerships where there's no product.

>>3371557
currently you get more than 100 bnt for 1 eth. if bnt say goes 10x at the buy in point you mention, it would have gone 100x at the buy-in now. There is more money in patience. More risk, yes - but this project is moving forward, is not single use, and like ethereum, will have a network effect for adoption based on what goes on it

>>3370076

HAHAHAHAH

Fuck you faggot. The first good answer in this thread and you type that in response

You're utterly retarded

>>3371610
How was that even an answer it literally explains nothing

>>3371737

It gives a perfect use case. In fact a world changing use case.

Also for everyone who isnt this stubborn faggot, here are my two cents:

Bancor is literally using tens of millions to make sure they are the most compliant platform for ICO's

They will be the most prepared to weather this inevitable shitstorm.

Its a great hedge. About 1/11th of my portfolio is in it

Let's just say they finally do get there tech working... I don't believe for a second these Jews aren't gonna take some kind of fee on the spread on these smart token exchanges.

lol
Some anon ripped these shrills to shreds last night. Bancor isn't special. It is worse than vaporware. You could replicate everything it claims it will do with Ether easily. Scam coin. Avoid.

>>3372764
>You could replicate everything it claims it will do with Ether easily
Do it then if it's so easy. You can raise the eth to carry it out just as easily

>>3368768
There is no project out there at the moment with greater potential than Bancor to scale and be used by normies on a daily basis other than maybe ETH. Not saying it's completely without risk, but at the price it currently sits at you pretty much can't lose. If you want to get rich from crypto this is without a single doubt in my mind the best chance you have. Just hold for a few years and see what happens.

>>3373735
hahahahahaha
It will literally be a scam marketplace for scam coins. Reserve coins makes pump/dump schemes both easier and safer to do. When you incentivize scam artists what do you think will happen?

>>3368768
>Bancor will literally be above $100 next year
Keep shilling, no one is going to buy your bags.

>>3369649
>>3369519
Double coincidence of wants means if you have a chicken but want a cow, then you have to find someone who has a cow but wants a chicken. That's hard to find. So we created money to facilitate exchange and exchanges with middlemen to connect you two.
Bancor fixes that by having its smart contracts act as the middlemen. And now you don't even have to want to trade at the same time.

You go to bancor smart contract and buy BNT with ETH, and the contract creates a new token for you and increases the price. Then some dude who has BNT decides later he wants to sell, sells to smart contract, his coin is destroyed, he gets ETHprofit and the price goes down.

In a traditional exchange, you and the dude needed to trade at the same time, and a middleman takes fees. But with BNT liquidity is continuous, you can buy and sell without a counterparty on the other end at the same time, and without a middleman.

Bancor's created a protocol for creating all sorts of currencies on top of BNT, with BNT as their reserve currency, functioning similar to the BNT smart contract. This is great for long tail currencies for stuff like small communities and farms and even individuals because they otherwise get crushed in the traditional market due to low liquidity (if you need to sell your shitfarm token on a normal exchange good luck finding a buyer, so you have to sell at a low price to attract a buyer, but bancor smart contracts give you continuous liquidity and will always buy).
This opens the door to a financial revolution,& you can use BNT to create tokens that represent practically any asset.

>Make a SoyCoin for my soy farm
>People buy my SOY, I get seed money
>I grow my Soy
>People who bought my coins sell them to people who want my special organic Soy
>They trade the SOY back to me to buy my Soy.
>I resell my SoyCoins for more seed money.
>If someone with SOY decides he wants his money back instead of soy, he can just sell it to the smart contract.

>>3374269
This was a good post. Thanks, Galia.

>>3374269
But isnt low liquidity actually vital market information? how does bancor magic liquidity out of nowhere? I could create bullshittoken out of my ass and sell it to bancor in unlimited quantities because lol infinite liquidity?

>>3371993
>About 1/11th of my portfolio is in it

Ouch

This scheme has already been exposed multiple times by multiple peoples including by a whale in this thread. Last night the shrills got BTFO. At least you realize that coins are basically commodities math wise. Good for you. It incentivizes pumping and dumping though.

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>>3369749
>tfw someone takes your OC and cleans it up before reposting it

looks like bancor re-hired all its shills who came here to help pump the ico full of 153mil suckers money

>>3374269
This is so well explained.

Big buy wall and sell wall currently in place. One of them will get pulled and one side will lose their cash.

My guess is the buy wall will get pulled.

>>3374269
>>3374459
>>3374509
Low liquidity isn't necessarily a problem with the underlying asset, but just the current market state. It means that right now someone doesn't want to buy what you're selling, and the reason for that might be entirely irrational. Maybe they just haven't heard of you, maybe they're spooked, maybe they're just asleep. But if you need to sell right now, for rational reasons, and can't find a buyer, then you probably have to sell at a low low price to find a buyer who wants to pay you anything at all, this crashes the price and destabilizes the market, possibly leading more people to get spooked and panic sell. Whereas if you could have waited a few hours for sleepyhead to wake up he would have been happy to pay you a higher price. Bancor's smart contracts act as buyer/seller 24/7 and automatically controls supply and adjust price according to supply and BNT reserve ratios.

So, in my Soyfarm example. If someone buys a SOY token on the market but then changes his mind and decides he doesn't want to wait for my soy to finish growing and wants money back right now to pay for the pneumonia his mom just got and can't find a buyer immediately, then he can sell his SOY token back to the smart contract for the real price. The contract destroys his coin and lowers the price. Then sleepyhead wakes up, sees that the contract price of SOY looks pretty good and decides to buy some more tokens, contract creates tokens and price goes back up. When setting up the SOY token I'd set the quantities and ratios to ensure that there's not more tokens than can be redeemed for the soy I grow, and to ensure that I get paid enough to stay in business.

>>3374672

The ability to do this already exists in a coin that completed making it six months ago. Bancor is late to the game and they're not even close to being done.

>>3374509
>how does bancor magic liquidity out of nowhere? I could create bullshittoken out of my ass and sell it to bancor in unlimited quantities because lol infinite liquidity?
The big idea is "Youtube for currencies" so anyone can create a currency for whatever idea or business or asset they want to sell, but they have to buy BNT as a reserve currency. You can make tons of tokens, but their value will be tied to the BNT reserve, dependent on the ratio/quantity you set. You don't sell your own tokens to bancor, you sell them to the market, people who want whatever it is your selling and will have to use the token to eventually get it. People can trade those tokens to other people, or if they want to cash out they can just sell to your contract instead.

>>3374712
solving double co-incidents of wants with a million different currencies is laughable and retarded.

>>3374695
>The ability to do this already exists in a coin that completed making it six months ago. Bancor is late to the game and they're not even close to being done.
Which coin specifically?
New ICOs are already using Bancor. Stox used BNT as a reserve currency.
https://www.cryptoninjas.net/2017/08/06/prediction-platform-stox-utilizing-bancor-protocol-raises-33-million-ico/
Because Stox uses Bancor, you can trade Stox to BNT and ETH without needing to find someone who actually wants to buy Stox at the same time you want to sell. This means no spread, no exchange fees, no worrying about not being able to find a buyer at your asking price. It creates a lot of price stability in every token tied to BNT.
And eventually you'll be able to easily trade every token that uses BNT between each other, avoiding exchanges completely.
A lot of people really want Bancor to fail, because as Bancor gets wider adoption it means the end of exchanges, the end of exchange fees, and since a lot of big crypto exchanges use Bitcoin as their primary trading pair, it would drastically reduce the volume of Bitcoin and the price along with it. BNT would gain all that value.

>>3374846
So basically its communism for cryptocurrency.

Sounds not only useless but completely centralised

>>3374672
>But if you need to sell right now, for rational reasons, and can't find a buyer, then you probably have to sell at a low low price to find a buyer who wants to pay you anything at all

If there are no buyers, the MARKET PRICE of your coin is low, so you'll sell it low. There's no demand, so willingness to pay is low.

If you sell it via smart contract, the smart contract would probably 'discover' a low price for your coin since there wouldn't be people willing to buy your coin anyway. So in the end it makes no difference to sell it to the market or via smart contract. The price would be the same.

I agree that Bancor would make buying and selling much easier for normies, though. I know plenty of people who are too scared to send Bitcoins to exchanges and who can't understand how exchanges work. These people would welcome Bancor for sure.

>>3374904
>its communism for cryptocurrency.
Dumbest comment in the thread.

>>3374747
Great argument.

>>3374747
>solving double co-incidents of wants with a million different currencies is laughable and retarded.
The number of currencies is irrelevant. With the Bancor protocol you will be able to easily exchange any currency that uses BNT as a reserve. So you will be able to trade Stox tokens for Kick City tokens directly while avoiding an exchange. Sort of like Shapeshift to convert one token to another, but without the fees.
It solves the DCoW with the contract, so that no matter what token you have, no matter when you want to trade it, the smart contracts will buy it and automatically adjust the contract price and manage the supply. You don't need a real person on the other end. Real people can come in later to take their profits by also trading with the contract at the new price.

Once all this is set up and running, all the different contracts and all the different currencies will represent much more information much more accurately than a single currency managed by a single central bank.

Bancor turns every producer into their own central bank, empowered to issue and control their own currency to best facilitate their production, with BNT itself serving as the underlying universal reserve currency that keeps everything legit.

>>3374905
You can always sell the tokens on exchanges on "the market" if you want. But if there isn't a buyer on an exchange who will pay the price you want to sell at, then you can always sell to the contract. The contract itself IS part of the market, it is just always there willing to buy and sell at a certain price. It doesn't 'discover' its price based on demand from exchanges. It sets its price based on the quantity of tokens in circulation and the amount of reserve currency. The contract is a permanent buyer/seller, a permanent market participant, but it just isn't looking to make a profit from your trades. Bancor itself however makes money when people buy BNT to set up these contracts, that's how it gets paid for the value it creates. Bancor makes money by selling programs that make it harder for daytraders to make money. This kills capitalism and puts a lot more power in the hands of actual producers, and of course, Bancor itself.

If you buy a token on an exchange for a lower price than the contract will buy it at, then you can arbitrage that shit and resell it to the contract for profit. The contract doesn't care where you get your tokens from, but when you sell to the contract the tokens are destroyed. When you buy from the contract new tokens are created. People who make new currencies will set upper bounds for the tokens that can be created based on the BNT they use as their reserve.

Usually the best deal is to buy and sell from the contract itself, but there might be various reasons why people would want to trade on exchanges instead, if they already have a lot of their assets tied up in one, for example, and just don't want to spend the time transfering tokens to different wallets to then trade with contracts.

>>3374905
>>3375058
Adding, the exchange or "market" price will often differ from the contract price, but because the contract price IS part of the "market", as it is always open to trade, the exchange price and contract price will converge as human traders take arbitrage from the price difference between exchange and contract.

When the price at the exchange and contract is the same, you might as well buy from the contract and avoid the fees, unless you don't want to deal with the time/expense of moving your assets off the exchange.

>>3374904
How fucking stupid do you have to be to think something like that, man.

>>3375131
Well it does kind of disrupt "state" capitalism or "whale" capitalism. The former because it puts more power in the hands of actual producers instead of central controllers of the money commodity i.e. central banks (but Bancor itself, along with Ethereum, does gain a lot of power by controlling the reserve currency). The latter because by having the smart contracts act as permanent market participants, who buy/sell at prices determined by supply and reserves, it makes it harder for whales to manipulate the price by controlling exchanges. Meaning if whales take out a lot of sell walls to crash the price trying to accumulate, and you need to sell right now, you don't have to sell to a whale at the crashed price, and you can instead sell to the smart contract, which doesn't care about the exchange price only about the supply/reserve ratio.

But yeah it is still producers making and selling their stuff for currencies on the market. It just makes it harder for big money to manipulate everything. It will be more like capitalism as originally intended.