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

[mexi.db]

Bancor Co-Founders Galia Benartzi and Eyal Herzog speak on CNBC with @cryptomanran about the recent security breach: https://www.youtube.com/watch?v=kxf48BTRdPo&feature=youtu.be&t=789

[DashingCrypto]

Hey Bancor fans!

If you run into any support issues, please visit the dedicated Bancor Support group on Telegram.

The team will be able to assist you 24/7!

[memii]

After watching this interview of which link is shared above it seems good idea to have preventive options. It was Bancor's own liquidity wallet which was hacked and tokens were stolen from. At users side Bancor's system is decentralized but liquidity Bancor as token is backed up with extra security features. This video is very helpful to listen exact words and statement form Galia. Looking at things by their point of view it seems fair though it raises concerns in minds of some people.

[tomir]

After watching this interview of which link is shared above it seems good idea to have preventive options. It was Bancor's own liquidity wallet which was hacked and tokens were stolen from. At users side Bancor's system is decentralized but liquidity Bancor as token is backed up with extra security features. This video is very helpful to listen exact words and statement form Galia. Looking at things by their point of view it seems fair though it raises concerns in minds of some people.

I'm afraid that the hacker attack will affect the trust of users to Bancor. That is, the platform will start losing users and trading volumes.

[nickamazix]

After watching this interview of which link is shared above it seems good idea to have preventive options. It was Bancor's own liquidity wallet which was hacked and tokens were stolen from. At users side Bancor's system is decentralized but liquidity Bancor as token is backed up with extra security features. This video is very helpful to listen exact words and statement form Galia. Looking at things by their point of view it seems fair though it raises concerns in minds of some people.

I'm afraid that the hacker attack will affect the trust of users to Bancor. That is, the platform will start losing users and trading volumes.

The Bancor team have been very open during this whole situation, as they wish to let users of their platform know that they have preventative measures in place to ensure this doesn't happen again.

Bancor is improving security, and they will be back, better, stronger, faster and more secure than ever!

[ruletheworld]

On that note, is there any roadmap where this won't be the case, or is BNT forever beholden to the whims of a single address?

The roadmap can be found here: http://ban.cr/roadmap

As for the freeze capability, it is limited to extreme emergencies only, like the one that recently occurred, and the Team hopes on not having to use this feature again, as per their latest blog entry.

Oh wow so even after the hack, the team doesn't want to decentralize the system, and instead wants to have a single point of failure. Even after that single point of failure was responsible for millions of dollars of loss. Did the team come out and say anything about their intention to change that system at all?

Please stop with the 'only for emergencies' beat - no one who's been in crypto for long believes that for a second. If a government asks the BNT team to freeze an account, will they?

Hello, thanks for your thoughts. Always appreciated.

We don't have too many details yet, as the team has been closely involved in the investigation and in normalizing the network. They have mentioned that this has been a learning process and will continue teaching them new lessons.

Hang tight for further on changes to Bancor's approach to security.

It's a very simple question really - if a government asks the Bancor team to freeze an account, will they?

[mexi.db]

It's a very simple question really - if a government asks the Bancor team to freeze an account, will they?

Hi! I would like to invite you to read this open letter from Bancor Co-Founder Guy Benartzi, The Road Ahead: https://ban.cr/road-ahead

[Tarasov1992]

Bancor Co-Founders Galia Benartzi and Eyal Hertzog speak on CNBC with Ran NeuNer about the recent security breach:

https://www.youtube.com/watch?v=kxf48BTRdPo&feature=youtu.be&t=789

[bitcircle]

Bancor Co-Founders Galia Benartzi and Eyal Hertzog speak on CNBC with Ran NeuNer about the recent security breach:

https://www.youtube.com/watch?v=kxf48BTRdPo&feature=youtu.be&t=789

I watched this interview they explained everything in details what happened and how they were able to make recover their tokens immediately. I hope in future they will be able to implement more secure features on this network and will provide a wonderful services. Waiting for to see this platform live again when they will start providing this service again.

[Tarasov1992]

Bancor Co-Founders Galia Benartzi and Eyal Hertzog speak on CNBC with Ran NeuNer about the recent security breach:

https://www.youtube.com/watch?v=kxf48BTRdPo&feature=youtu.be&t=789

I watched this interview they explained everything in details what happened and how they were able to make recover their tokens immediately. I hope in future they will be able to implement more secure features on this network and will provide a wonderful services. Waiting for to see this platform live again when they will start providing this service again.

Hello, Bitcircle, i think you would be happy to find out the platform is back in action! Please visit https://www.bancor.network/

[obsbtc]

Want to be the first to know the latest on Bancor? Subscribe the News channel! https://t.me/BancorNews

[mexi.db]

"Decentralized does not mean lawless."

Bancor's VP Growth, Omri Cohen, speaks with TheCryptoZombie about security, decentralization and more. https://ban.cr/CryptoZombie

[cleverhope]

Scary idea that an alledged decentralized platform can freeze funds. First the hack, then the centrilazation. Both scary scary circumstances in the crypto-space.

And you think it will be better, if frozen BNT also were stolen?
Developers made good decision that froze tokens and did not allow the hacker to steal funds. unfortunately not all, but half they just saved. Many projects were hacked, but then everything was fine. Remember DAO, Coindash, NEM. After DAO we even had ETC.

[hush]

I hope this project will comeback with more security and dev team will fix all bugs which cuase of that hack. The team is very cooperative and working hard to bring back this platform. I wish you good luck and all the best.

[Cryptocurrencies News]

https://www.youtube.com/watch?v=0ttJrQYezNY&feature=youtu.be

In this dedicated episode Omri Cohen (Bancor Head of Growth) addresses the recent FUD surrounding the Bancor hack. We also discuss security improvements, what we can expect from Bancor moving forward, as well as overall thoughts about the future of decentralization in the cryptosphere.

[obsbtc]

Bancor's blog is full of interesting articles, did you read the last month's progress update?

https://blog.bancor.network/bancor-progress-update-june-2018-419fd10b37f

[wack slacker]

Since the $ 12 million hack, Bancor seems to have dropped by nearly 50%, and I wonder when Bancor returns to $ 4. Do I have a question why a distributed transaction platform can be hacked? I acknowledge that using a single wallet for my tokens on the ETH platform along with low transaction costs is a great thing. But the hacking of my trust in the centralized and dispersed exchanges is the same.

[obsbtc]

Since the $ 12 million hack, Bancor seems to have dropped by nearly 50%, and I wonder when Bancor returns to $ 4. Do I have a question why a distributed transaction platform can be hacked? I acknowledge that using a single wallet for my tokens on the ETH platform along with low transaction costs is a great thing. But the hacking of my trust in the centralized and dispersed exchanges is the same.

It was due to a compromised wallet https://t.me/BancorNews/156

[TheRedCanary]

Hi everyone, it looks like ETH network fees are greatly reduced now. Transactions should be much cheaper, as usual, let us know if you have any questions.

[Tarasov1992]

Bill Tai and Galia Benartzi just hatched and released Honu into the wild!

Bid on this rare breed of cryptokitty now to help raise funds for Ocean Conservation.

https://ban.cr/honukitty