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Changing the pre-established time to rake in more money from Americans is absolutely ridiculous. Why set the original time in the first place?? Scammy look all the way around
Do you run a company? have you ever run an ICO? i believe you are a true FUDER if you imply Bancor is a scam, i have been following them for months now, and i think they are one of the most intersting teams out there |
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FOMO at its finest. I was going to throw most of my liquidity into this project but now I'm toning it back.
And you told me that you expected to earn a x10 or a x20 of the money you were going to invest... XD I was really hyped for this when I initially read about it, but after reading so many people talking about how dangerous could be to invest on this... Idk, the people behind Bancor have explained how they expect to have some control over the potential devaluation after the ICO, but it doesn't look like they have convinced everybody and this is coming tomorrow, not sure if there is time to explain a little bit better how this could be a potentially good investment/project. I'll keep an eye in tomorrow's ICO and will check what everybody says here, I'm really curious to see if this will be a succes or a total disaster. Dev team has no skin in the game, as in you'd like to see devs have more coins and less ETH funds. They're taking more ETH funds but keeping less coin, not a good look imo. the devs dont get any ETH from what i saw? they get 10% of BNT but all the ETH goes to the foundation for various stuff they showed a pie chart |
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I think we need to use big red letters for the devs to actually answer this question.
Why have you decided on capping the ICO at 260 million dollars?
It is right there in the contract. And it is too high. Since you are selling only 50% coins in that presale, that would make the market cap of Bancor at 520 million dollars. You can arbitralily chose the hard cap and set it to 50 million or 150 million, so why do you want to set it at exactly 250 million dollars and not lower despite the community asks you to do so? Many people were rising this question and the team denies to answer it. Why do you want 260 million dollars? And if you don't wan't that much, why do you avoid capping the ICO lower?
you do realise "hardcap" is nothing right? its just a way that you put a cap so you can later change that 1 into something else... what is the big deal? why are you people so naive to think someone would invest 260m USD ? are you insane? what project has EVER raised that much, some projects which were hyped as hell didnt raise more than 20 and had plenty of time. matchpool raised 7 million in about an hour, argon raised what 20-25 mil? in 15 minutes, do you guys think there is an endless stream of money just going in? people arent going to be like "well if its still open ill 1000X my initial investment" |
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is bitcoin suisse sold out??
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1 M ETH cap is amazing, I doubt you will raise so much, lol. But good luck.
where did it say 1M eth? the contract only shows the "temporary" amount, they real cap is the hidden one, so you can only speculate for now the real price.. this is just a technical thing so you can create a hidden cap. |
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awesome they released the date to 12 June!
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I am very happy with the idea of bancor
There is a ton of projects trying to implement this concept
what projects would you count as the same concept as bancor? havent heard of a single 1 |
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Is there any official announcement when this ICO will get started so much confusion at the moment. Just waiting to hear from official regarding this because I'm ready for this.
they said it will be out in the near 72 hours |
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Does the Bancor protocol price discovery mechanism add to the price
volatility, compared to crypto-exchanges?
On the contrary. By holding a reserve balance which preserves a constant ratio to the
market-cap, the price volatility of smart tokens is not subject to the current market depth
since the reserve functions as a predictable and controlled alternative to the traditional
order book which normally provides market depth. We’ve seen that regular exchanges
generally hold around 1% market depth, meaning that any smart token with a CRR above
1% could be relatively more This is total BS! According to your own formula, at 1% fractional reserve, changing supply by 1% will change the price by 150%. Is not this volatile??? Yeah right, the formula for price change is deterministic, but a trade is a random event, and any function of random event is a random variable. With low fractional reserve your tokens are going to be as volatile as any low volume tokens on exchanges. Okay, what would happen if, say, someone bought 1% of the supply of Bitcoin? That would be a ~$370 Million USD purchase. I imagine that too would change the BTC price in a volatile way. Any 1% purchase/liquidation of any currency would. Exactly. Then what's a point in your token if it is not any different? Edit: and by the way, $300M is about a daily trade volume for bitcoin, and it does not change bitcont price by 150%. Your token is actually not going to be like bitcoin, with low fractional reserve it is going to be same as those illiquid and highly volatile tokens out there. There's a big difference between a daily trading volume of 1% and someone either buying or selling 1%. You know this. My argument holds, because ANY currency which experiences a 1% buy/sell will experience huge fluctuation as a result. The point of the BNT token is simple: to be the default reserve currency of smart tokens on the Bancor network, tying them all together so that all token-changers work as one (so you can exchange any currency for any other) and so that a raise in value of any token on the network raises the value of BNT and therefore of every token holding BNT in reserve. As for Bancor being the same as a illiquid token, it will be liquid for ETH from day 1. Holding a fractional reserve token in reserve? Are you kidding me??? Who in good mind will do this? I dont think you should look at the tokens as fractional reserves, the reserve is merely a tool for liquidity and usually when speaking about fractional reserve the reserve is the thing that gives the value to the coin which in this case it isnt. its just the market depth for liquidity in this case or atleast thats how i see it from what i read |
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We already have token platforms like ETH or WAVE.
Do you have a good reason for using Bancor instead?
So far, nobody could answer my legit question did you read the whitepaper? the whole point of Bancor is that its a new kind of token, its not just a token..its a smart token so there are 0 platforms like Bancor. Waves can work with bancor maybe and make an awesome partnership. and ETH is something bancor runs on so i dont even understand what you mean by that... do you have a platform to create tokens that are liquid right there on the spot? do you have a platform to create decentralized ETF's? to run ICOs on? |
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I hate teams like this, they don't inform about anything. It's 29 May people deserve at least apology for delay.
they will probably release more info soon, but they did say its delayed like 2 weeks ago |
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I think bancor will redeem poloniex they love such coins and maybe he will repeat the fate of gnosis
I also believe in this project it will be biggest in the history such a amazing concept with fully operational platform for ERC20 tokens this is huge thing. Waiting for ICO and I think it will finish so fast. If Bancor does what I hope it does, I can't wait to implement it on YuTü.Co.in's platform(s). Ironically, I'm in the process of crypto-commoditizing channel brands of the very entity that overtook Eyal's Metacafe - YouTube. I'm formally reaching out to Eyal Hertzog in seeing if he desires to be part of YuTü.Co.in, serving in any capacity unless, of course, he's content to just having Bancor utilized by a small niche opposed to that of the second largest entity on the Internet after Google - again, YouTube. Bruno (Chinese name: Luŏ Xióng; 裸熊)  muahahahaha...that is hilarious...small niche?  this is much much bigger than you dude..keep dreaming  Look, I'm gonna be civil here and not call you a fuckin moron, but you're a fuckin moron.  Compared to myriad other things in the world, crypto is indeed a small niche; tiny when compared to YouTube. https://www.youtube.com/channel/UCA125wWsdbsG1XPenWcBkyg/videosWho's dreamin' now! TBC, I'm not dissing Bancor nor the user whom I quoted and stuck my dick up his unlubed asshole. That said, I stand by my assessment - SMALL NICHE. <humor at majestymage's expense> what do you do with youtube btw? how are you an asset to bancor? maybe if you describe it well enough they will reach out to you |
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Things are very exciting in my opinion
There are many projects trying to replicate Bancor's concept (decentralize/autonomous exchange)
At the moment Bancor is by far the most developed and has the pioneer/first-mover advantage, but there is only one shot to get this right
In my opinion the biggest advantage of a decentralized exchange is that people can quickly visit the site, exchange their token for whatever and leave (without logging in, submitting personal info etc.)
I hope the Bancor team is considering "splitting" their product/service in two parts
1. A "Shapeshift" like portal for anyone to quickly make their exchanges
2. The Bancor App for anyone who wants to store or issue their own currency, ICO etc.
If these two services will not be offered separately (having to log-in the Bancor network for example to execute an exchange) people will most likely shy away and find a more faster/convenient way to exchange their cryptos (0x)
you do realise any exchange today asks for a login? altough it would be nicer to not have to i dont think this is something that can harm them. |
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How will the price regulation mechanism of Bancor impact and be impacted by the pump & dumps schemes which have always been so frequent in cryptos?
This is actually one pretty cool aspect of Bancor's price discovery algorithm: it makes pump & dump operations a lot less feasible. See, when you make a trade with a smart token contract, the price is calculated as if you made an infinite amount of very tiny trades. With each tiny trade, the price for the next goes up slightly. So, if you try to pump or dump, the price will rise with the size of your order & you'll wind up paying a price that takes into account the amount you've bought/sold. Therefore it'll be extremely expensive to attempt to manipulate the price via pump/dump schemes. I had guessed that, but I'm happy to get this confirmation. One of the major flawns of the whole cryptocoins world has alsways been these Pump and dumps schemes which transform every project into a casino. If Bancor will be able to fix this, mainstream adoption of cryptocoins will become more imminent. i agree, bancor coupled with tokencard can have a tremendous effect on the crypto adoption rate |
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Too many flaws in this project
what flaws did you find? couldn't find a single one |
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Any updates regarding ICO Date?
nope I am looking forward to join this amazing ICO
Same here - are the going to announce the exact date this week? As well as some re-messaging for greater understanding? on the first page is written, the ICO may 30, the launch was moved? how did I miss that new date... read this: https://bitcointalk.org/index.php?topic=1789222.msg19171180#msg19171180is there a speculation of when the ico details would be released? |
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if it is gonna' be capped it will be sold extremely fast. let's see how they plan to do it.
I hope they are smart and will cap it pretty high, the higher they get the better it will be in the long run, more money = more tokens they will create to kickstart the network effect |
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Bancor is nothing more than a merger of 2 already existing platforms. First is the ability to seamlessly swap one token for another. This is what shapeshift does and it does it very well. Second you will have the ability to create any tokens you want with ease. This is what the waves platform does. Waves platform is also a dex where the created tokens can be traded. Sorry but Bancor sounds like a loser to me
Surely you can't be serious. You are comparing an internal, automatic swapping mechanism in Bancor with a third party web site (Shapeshift) which is simply a front end to another third party web site (the exchange). Bancor is the ultimate in liquidity, sending your coins to one web site and hoping they can connect to another web site to buy or sell on your behalf is not. Shapeshift already beat them to the punch. Here is your customized decentralized asset mixture that can be swapped out instantaneously how exactly is prism anything like bancor? its a portfolio people build to invest themselves, its not anything like bancor.... It's really different with the purpose of bancor. Prism gets more concentrate on the personal investment or portofolio. I think this will be the hottest ico right now. More big advisory joins on this project. this as in prism or bancor? |
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Bancor is nothing more than a merger of 2 already existing platforms. First is the ability to seamlessly swap one token for another. This is what shapeshift does and it does it very well. Second you will have the ability to create any tokens you want with ease. This is what the waves platform does. Waves platform is also a dex where the created tokens can be traded. Sorry but Bancor sounds like a loser to me
Surely you can't be serious. You are comparing an internal, automatic swapping mechanism in Bancor with a third party web site (Shapeshift) which is simply a front end to another third party web site (the exchange). Bancor is the ultimate in liquidity, sending your coins to one web site and hoping they can connect to another web site to buy or sell on your behalf is not. Shapeshift already beat them to the punch. Here is your customized decentralized asset mixture that can be swapped out instantaneously how exactly is prism anything like bancor? its a portfolio people build to invest themselves, its not anything like bancor.... |
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I would really like to hear from Bancor team about ICO date. I'm sure they are busy but i'd appriciate just a statement.
BTW great news!
they said details will be out by the end of the week |
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