What are /r/Bancor's favorite Products & Services?

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Excellent post OP.

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For more information on this style of israeli bucketshop binary options scam: http://www.timesofisrael.com/the-wolves-of-tel-aviv-israels-vast-amoral-binary-options-scam-exposed/

https://app.demo.bancor.network/discover This is the current demo where you can play around with the features which will be released sometime this summer. https://trello.com/b/8SaOatUe/bancor-product-roadmap This is the roadmap and as you can see crowdsales are in the list of next releases :)

https://trello.com/b/8SaOatUe/bancor-product-roadmap

I agree, but I think they are currently working on a GUI for smart contracts. You have to remember that bancor is still early in the dev process.

It was accelerated as it got lower, which we expected could happen, especially after such turbulence in the markets. There is no blaming.. Bancor had a largely uncapped token sale. I'm quite sure that if we had a lower hard cap like other ICOs, the price would skyrocket as soon as the trading started (given the unfulfilled initial demand), and the scalpers would have been, of course, thrilled!

We chose a different path, and instead of making scalpers richer, we used the excess demand to provide some protection to the contributors, while allowing many more of them to participate in the initial price (10,800 of them).

I suspected I would hear trolls bashing BNT for not jumping up like other, capped ICOs, and I believe weak hands should exit, leaving more profits to be realized by the strong hands who understand that we are just in the beginning, that we've about to activate the first decentralized token changer (GMO-BNT), and that the first ICO of a smart token has been announced (Stox.com).

The good thing about markets is that they move capital from the hands of the less intelligent, to the hands of the more.

Intelligent money usually does not participate in an ICO only to exit within 30 days, especially given that in the time in between, Bancor has release what is probably* the most advanced (an automated, dynamic market maker!) and the most used (in terms of ETH volume) production use-case for a smart contract on the Ethereum network. A contract that can guarantee high level of liquidity to any token, forever. The most significant live example for the usefulness of smart contracts, which is still doubted by many.

*I may be wrong here because I don't know the volumes handled by other advanced, non trivial smart contract. I would thank anyone who can correct me or confirm this.

The fiat purchase option is likely to be offered with the help of 3rd party fiat-to-crypto service providers (e.g. for purchasing ETH with credit card).

The KYC is the service provider responsibility, and there could be different service provders available based on location and payment method.

In fact you can buy BNT using a credit card right now on Changelly (I just tested it and it works! Minimum is $30)

Our plan is to integrate such services into a seamless user experience at Bancor.network, providing as many options as possible for converting fiat to BNT and other smart tokens in the network.

Communities without a tokens (using 3rd party tokens) is listed in the trello roadmap, can someone elaborate on this please?

I would love to help out whenever I can. I'm already doing it for free...

Check out my discussion with Emin, in the comment section of his article... the way he is left with no arguments: http://hackingdistributed.com/2017/06/19/bancor-is-flawed/#comment-3369435553

And I wrote this article on Steemit (over 600 views): https://steemit.com/bancor/@paulcoman/why-bancor-will-work

I admit that converting to BTC before the fork was a winning strategy. I've purchased some some time ago - https://steemit.com/bitcoin/@genesisre/i-ve-just-purchased-0-2-btc-worth-on-bancor - and I'm holding... I believe in this project.

I don't think so. Normally you would see like 60% transactions going through the contract but now see this: https://coinmarketcap.com/currencies/bancor/#markets And now we are at 250k ETH, do you really think somebody traded 25% of market cap in the last 24H?

> Essentially what they do, is keep .8 x 400k ETH = 320k ETH to themselves

The hidden cap was 250k.

400k - 250k = 150k excess

> 150k * 0.8 = 120k = Will be used for buying back BNT that will maintain 0.01 ETH = 1 BNT price

> 150k * 0.2 = 30k = Will be added to the BNT smart token reserve

Now the remaining 250k ETH is not going to the team's hands.. as 30% of it will be used for reserves for the smart token..

So what you said simply incorrect...

As for your calculation, yes, and the only way to get back your original ETH is that if the CRR = 100%. But it was clearly stated that CRR would be 10%.

The problem with your scenario is that it assumes that everyone who participated in the ICO would immediately sell their BNT tokens even if they sell it at a loss..

> Do you really believe they just generated x5 value out of thin air?

The point of investing is to use funds to create a project that will give you ROI and profits in the future.. and not after a few days..

BNT will have value as it will be used as reserve for further Smart Tokens. And the more Smart Tokens created, the more valuable it will be.

Bancor fundraising was not created so that you can give them your ETH and then take it back after a few days.

If you don't see that the project will be valuable if they pull it off, then you shouldn't have participated.

Though I bet there will be demand for BNT once it starts trading in exchanges. So those who are only looking to flip would likely still profit.

First off, new answer to 3: we've just published our live roadmap. You can vote on it. https://trello.com/b/8SaOatUe/bancor-product-roadmap

For 5, same answer in the Test Environment & Next Releases sections. You can see what's live right now in the Released Features section.

US LAW (FACTA) is why they cannot legally have an ICO for US Citizens ..... without paying a sheet ton of taxes. https://steemit.com/cryptocurrency/@wheatdogg/fatca-and-icos-bad-tasting-alphabet-soup-for-americans

I do not know which exchange u are taking about (perhaps chinese or korea) however, the price charts (coinmarketcao & cryptocompare) say different. http://coinmarketcap.com/assets/basic-attention-token/ https://www.cryptocompare.com/coins/bat/overview/ETH

I use a mobile version of MyEtherWallet. It works smooth and I've got no issues with it.

I'll share it with you here, cause it's temporarly not available on the PlayStore unfortunately: https://jumpshare.com/v/0vdkxlndOWq5CdTQjzju