[ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem

[Tarasov1992]

The 2018 crypto market cap has now hit record lows at below $200B. What do you think is causing the crash?

Take a look at https://ban.cr/Market2018

[1714760196]

1714760196

[1714760196]

1714760196

[BancorAmbassador]

It seems that until the investigation report is not published after what the factors behind the exploitation are identified people will not let this topic go away. If Bancor was a simple token it wasn't getting such attention but being liquidity provider it has double responsibility. People want transparent investigated report for their own tranquility and satisfaction.

This topic is in fact very important to Bancor and for the entire industry. As soon as the investigation is officially complete we look forward to sharing the information for everyone's sake and tranquility.

[BancorAmbassador]

I hope that this project will return with more security, and the development team will correct all errors. The team is very cooperative and makes every effort to return this platform. I wish you the best of luck and all the best.

I think the team has said that they will not patch the security flaw that led to the hack and therefore the control of the 'smart contracts' remain centralized.

There is no security flaw to patch. BNT's anti-theft override feature will remain in place, but was not the cause of the theft. The investigation is still ongoing.

Yes, there was a security flaw that the team has refused to patch. This was pointed out to the team even before the ICO. Having a single address control funds in a smart contract means it is a security flaw. If you wish to learn why, look up Nick Szabo's trusted third parties are security loopholes.

If you disagree, show me one reputable security engineer that would attest to the fact that a single point of failure for funds in the smart contract is a good idea from a security point of view.

Irrespective of the exact mode of failure that led to the hack (whether inside job or not), the fact that there is a single address in control of a smart contract is a bad idea and a security flaw.

Ethereum does not have a way to upgrade contracts and as a result each smart contract needs an owner with "admin" privileges. With that said, we looking forward to sharing details of the theft as soon as possible without risking the progress of our ongoing investigation.

[obsbtc]

Want to apply for the Bancor Network? You can do so easily below!

https://support.bancor.network/hc/en-us/articles/360002098551-Apply-to-join-the-Bancor-Network

[RysEmanuel]

If you have had any questions arise while using the Bancor Network, please join us in our Telegram support channel! This is the fastest way to help resolve any issues.

[RysEmanuel]

It's happening, I'm on my way to buy produce with blockchain tech. Bancor's most recent video proves that I can... 
"Local shop owners and their customers marked the first-ever community currency transactions on the blockchain."

[mexi.db]

Just as the layering of protocols evolved into the Internet, the same process will unfold in blockchain. "We are just at the very beginning of establishing layers," argues Nick Grossman. https://ban.cr/layers

[EyeofthebeHODLer]

If you recently upgraded Metamask to the Beta version, you may have noticed that you are unable to manually sign transactions in the correct order. This article may be helpful to downgrade MetaMask to the old interface.

[emreunsal10]

The 2018 crypto market cap has now hit record lows at below $200B. What do you think is causing the crash?

Take a look at https://ban.cr/Market2018

eth's price obviously. somehow price drops of eth effects almost all erc20 tokens. and for bancor , ATH 10$ was especially caused by ETH price mooning and BNT is still pegged to ETH for some strange reason. so when eth rises again, many tokens will rise alongside with bnt.

[RysEmanuel]

Make sure you’re following Bancor on twitter! Best way to keep up to date on news! 

[mexi.db]

Are crypto market "bubbles" good for business? Ethereum's Joseph Lubin tells crypto they bring attention, funding, entrepreneurs and new developers into the blockchain ecosystem. https://ban.cr/bubbles

[shewasfourteen]

Asian investors now account for 77.2% of all crypto trading — a near 20% increase from this time last year — in spite of recent crackdowns on the practice in China. https://ban.cr/CryptoAsia

[Tarasov1992]

Savedroid ( $SVD ) is LIVE on the Bancor Network. Convert tokens now: https://ban.cr/Savedroid

[yingfeng]

I have noticed that Bancor is nicely keeping most of its value in a time when 90% of the cryptocurrencies are losing up to 90% of their value.

Initial price of this token was around $4 and it hit $10 on high time. If we compare with high time than it lost almost 80% which is really huge but they are active and with long term approach it is still good investment.

The market overall is not doing good at the moment. Thank you for your kind support!

ATH 10$ was especially caused by ETH price mooning and BNT is still pegged to ETH for some strange reason, so BNT's price  has suffered some of the overall Pump&Dump attitude of the market as a whole. Still, compared to most of the other coins, BNT's graph looks much smoother in its ups and downs.

exactly. when eth is rising per usd, bnt will rise again. it's always pegged to eth. you can all check graphs and see it's the same graph eth and bnt.

When the Bancor platform will is very popular, the BNT token will grow much stronger relative to the ethereum. There are formulas on which the price of the BNT token is set.

[obsbtc]

Don't forget that the only place for Support is the Telegram chat: https://t.me/bancorsupport

Beware of scammers and impersonators!

[ruletheworld]

I have noticed that Bancor is nicely keeping most of its value in a time when 90% of the cryptocurrencies are losing up to 90% of their value.

Initial price of this token was around $4 and it hit $10 on high time. If we compare with high time than it lost almost 80% which is really huge but they are active and with long term approach it is still good investment.

The market overall is not doing good at the moment. Thank you for your kind support!

ATH 10$ was especially caused by ETH price mooning and BNT is still pegged to ETH for some strange reason, so BNT's price  has suffered some of the overall Pump&Dump attitude of the market as a whole. Still, compared to most of the other coins, BNT's graph looks much smoother in its ups and downs.

exactly. when eth is rising per usd, bnt will rise again. it's always pegged to eth. you can all check graphs and see it's the same graph eth and bnt.

When the Bancor platform will is very popular, the BNT token will grow much stronger relative to the ethereum. There are formulas on which the price of the BNT token is set.

Why would BNT grow stronger relative to ETH?

[nickamazix]

I have noticed that Bancor is nicely keeping most of its value in a time when 90% of the cryptocurrencies are losing up to 90% of their value.

Initial price of this token was around $4 and it hit $10 on high time. If we compare with high time than it lost almost 80% which is really huge but they are active and with long term approach it is still good investment.

The market overall is not doing good at the moment. Thank you for your kind support!

ATH 10$ was especially caused by ETH price mooning and BNT is still pegged to ETH for some strange reason, so BNT's price  has suffered some of the overall Pump&Dump attitude of the market as a whole. Still, compared to most of the other coins, BNT's graph looks much smoother in its ups and downs.

exactly. when eth is rising per usd, bnt will rise again. it's always pegged to eth. you can all check graphs and see it's the same graph eth and bnt.

When the Bancor platform will is very popular, the BNT token will grow much stronger relative to the ethereum. There are formulas on which the price of the BNT token is set.

Why would BNT grow stronger relative to ETH?

Due to increased demand for the BNT token. The more that people use Bancor, the greater demand there is for the BNT token as it is part of the conversion process.

[JanuaryN]

The Longest Tail: User-Generated Currencies - Galia Benartzi (Bancor), TOA18

https://www.youtube.com/watch?v=z1ikemlseG4

[pumz]

Once again very good article on the usage and role of cryptocurrencies related Dapps. These dapps are in their very early stages and like any new technology are going through slow adoption and recognition process. Let's say in two-three years from now we will be witnessing new businesses coming out of these startups based on dapps and cryptocurrencies.

[JanuaryN]

Once again very good article on the usage and role of cryptocurrencies related Dapps. These dapps are in their very early stages and like any new technology are going through slow adoption and recognition process. Let's say in two-three years from now we will be witnessing new businesses coming out of these startups based on dapps and cryptocurrencies.

Nice thoughts, Pumz. As Swarm (SWM, listed on Bancor) CEO Philipp Pieper puts it, the dApps needs to begin to work in a way that nobody realizes they're communicating with blockchain. 2-3 years sounds just about right for a good healthy start. Fintech is getting close, but needs to figure out exactly how its relationship with blockchain is going to be, and then to start down the path...