Can you explain Bancor in a way that makes sense?

[pereira4]

Im trying to understand what the point of this proyect is. From what i've gathered, it's some sort of fast-ICO creator where you interact with a bot in a chat and the ICO is created, and BANCOR allows for liquidity.

I honestly don't get it.

Also, considering the ICO is aiming at 10+million, is there any point in buying this at ICO prices, or is it better to buy in the market to avoid any possible instadumps?

I don't normally invest in ICOs but I want to try a couple ones and see where they are a year from now. Some ICO's have had 10000%+ return...

[styca]

Post read 111 times, but no replies... a lot of people have the same question, but don't have the answer. Spoiler: I don't have the answer either

The solution to the liquidity issue looks elegant and seems to solve a genuine problem. The tagging to reserve(s) is interesting. Also the bit about disincentivising arbitrage (or rather incentivising back to equilibrium).
I thought I was getting to grips with it, but I've just had another look through the white paper, and I'm sure there is a lot there that I'm just not grasping fully...

I do think it looks promising though. They've now said the ICO will be uncapped for 1 hour, so I expect it will last exactly 1 hour. They've also said they're trying to prevent insta-dumps, so this might just go up and up with no other chance to get in at a low price.

I might try to get in at the ICO, but I'm finding it hard to let go of any of my ETH

[Lankster]

https://m.youtube.com/watch?v=6s6iMaS1Ewo

Here you go my guy

[TKeenan]

For most people, it will be a decentralized exchange that has a simple barrier to entry. There won't be any asks/bids, longs/shorts, charts/graphs, etc. There will just be currencies and a price for them. If you want to pay that, you do (for now through ETH or BNT, supposedly fiat in the future).

There are other features (token baskets, token exchangers, communities, etc.) but I think the current cryptocommunity will use those less. Another big plus will be the Status integration though (crypto on the go, combine that with something like Plutus and we're talking mass adoption IMO).