Author

Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 129. (Read 375744 times)

full member
Activity: 532
Merit: 102
The emerging long-tail of currencies will include a diverse range of tokens, from fully decentralized models to others that balance self-reliance and central-protection. https://ban.cr/journey
jr. member
Activity: 266
Merit: 1

I read about it and some token have this features as well for example EOS, a complete stranger can freeze your fund if they suspect or it came from fraudulent activity. its a good way to counter theft but it defeats the purpose of decentralized blockchain.

so this purpose appears completely defeated,
and BNT has lost half of his ICO price at 0,00491444 ETH.

Hello, Estenity, please take a look at how the team recovers: https://blog.bancor.network/bancor-progress-update-july-2018-4cfee421de1e
jr. member
Activity: 266
Merit: 1
Last week, following the theft of roughly $23.5 million worth of cryptocurrency from the Bancor Network, Bancor used its publicly disclosed Anti-Theft Override to freeze stolen BNT in order to immediately recover $10 million of stolen BNT before it was liquidated. Some have claimed that the use of this Anti-Theft Override in the case of an emergency (or at all) demonstrates that Bancor’s decentralized liquidity network is not actually decentralized. We welcome the passionate conversation that has ensued in the industry despite its unfortunate catalyst.

https://blog.bancor.network/decentralization-is-a-journey-not-a-destination-263c38b53bd
I read about it and some token have this features as well for example EOS,  a complete stranger can freeze your fund if they suspect or it came from fraudulent activity. its a good way to counter theft but it defeats the purpose of decentralized blockchain.

Hello, Chichidori may I kindly note that freezing is used only for the emergency situations and is not to be used on every occasion.
jr. member
Activity: 266
Merit: 1
I would like to know more about this project,

Hello, Maytinhvinh, please check with the knowledge base: https://support.bancor.network/hc/en-us
hero member
Activity: 1918
Merit: 537

I read about it and some token have this features as well for example EOS, a complete stranger can freeze your fund if they suspect or it came from fraudulent activity. its a good way to counter theft but it defeats the purpose of decentralized blockchain.

so this purpose appears completely defeated,
and BNT has lost half of his ICO price at 0,00491444 ETH.
legendary
Activity: 1694
Merit: 1003
Last week, following the theft of roughly $23.5 million worth of cryptocurrency from the Bancor Network, Bancor used its publicly disclosed Anti-Theft Override to freeze stolen BNT in order to immediately recover $10 million of stolen BNT before it was liquidated. Some have claimed that the use of this Anti-Theft Override in the case of an emergency (or at all) demonstrates that Bancor’s decentralized liquidity network is not actually decentralized. We welcome the passionate conversation that has ensued in the industry despite its unfortunate catalyst.

https://blog.bancor.network/decentralization-is-a-journey-not-a-destination-263c38b53bd
I read about it and some token have this features as well for example EOS,  a complete stranger can freeze your fund if they suspect or it came from fraudulent activity. its a good way to counter theft but it defeats the purpose of decentralized blockchain.
newbie
Activity: 59
Merit: 0
I would like to know more about this project,
newbie
Activity: 84
Merit: 0
I think it's time...

That you all join our telegram channel and express your love for Bancor!!

https://t.me/bancor
jr. member
Activity: 364
Merit: 1
Hey Bancor users and enthusiasts! If you are new to the Bancor Network, or maybe if you have not used it in a while, you may find this video guide to be helpful.
full member
Activity: 532
Merit: 102
"We want to allow communities to digitally create their own currencies - forming regional economies from the ground up."

WATCH: Director of Community Currencies, Will Ruddick shares the vision for Bancor's initiative in Kenya. https://ban.cr/PowerToThePeople
jr. member
Activity: 364
Merit: 2
Last week, following the theft of roughly $23.5 million worth of cryptocurrency from the Bancor Network, Bancor used its publicly disclosed Anti-Theft Override to freeze stolen BNT in order to immediately recover $10 million of stolen BNT before it was liquidated. Some have claimed that the use of this Anti-Theft Override in the case of an emergency (or at all) demonstrates that Bancor’s decentralized liquidity network is not actually decentralized. We welcome the passionate conversation that has ensued in the industry despite its unfortunate catalyst.

https://blog.bancor.network/decentralization-is-a-journey-not-a-destination-263c38b53bd
newbie
Activity: 84
Merit: 0
Come and join the discussion in our telegram!

https://t.me/bancor
jr. member
Activity: 266
Merit: 1
I was planning to engage with Bancor earlier this month. And then you've experienced these awful theft attack.
I'm sure you are recovering pretty well after this. Hope, you've already developed a strategy to avoid such attacks in future!

Hello, Anthony. The team embraced the breach as an opportunity to improve. The web-app is back live! Please take a look at this video: https://www.youtube.com/watch?v=kxf48BTRdPo&feature=youtu.be&t=789
newbie
Activity: 11
Merit: 0
I was planning to engage with Bancor earlier this month. And then you've experienced these awful theft attack.
I'm sure you are recovering pretty well after this. Hope, you've already developed a strategy to avoid such attacks in future!
jr. member
Activity: 364
Merit: 2
At the start of the twenty-first century, the United Nations concluded that guaranteeing global human rights would cost more than four trillion dollars. Galia Benartzi, cofounder of Bancor Network, presents an intriguing solution: what if we moved on from an era in which only governments determine currency? What if anyone could mint money, and what would the implications be for human freedom?

https://www.youtube.com/watch?v=LcbHTF3zCdI
legendary
Activity: 1612
Merit: 1001
Can not you really understand all the things for those who use it for the first time? I tried to go directly to the telegrams. I'm getting a mistake. okay. then to further use this you need to invite users, comment and tie everything to any social networks. Is this how it is done? I just want to use it without any binding. I'm very displeased.

yes it is how it's done. it's not difficult to connect your telegram with bancor. just open bancor bot integration in telegram and tap on start then open link in browser then start exchanging.
member
Activity: 1330
Merit: 10
Can not you really understand all the things for those who use it for the first time? I tried to go directly to the telegrams. I'm getting a mistake. okay. then to further use this you need to invite users, comment and tie everything to any social networks. Is this how it is done? I just want to use it without any binding. I'm very displeased.

Anything in particular you'd like to know? There are admins always available on Telegram, having any issue there?
member
Activity: 294
Merit: 10
SEMUX
I hope all misunderstandings on the project is behind us.
Well, that's good, it seems life is improving. Instant now not only transfers, but also sales and purchases. Smiley
https://twitter.com/Bancor/status/1022496816053596160
I'm glad the Bancor hack did not affect the team's enthusiasm. And I hope that Bancor will not lose its position, because there are many new competitors.
legendary
Activity: 1372
Merit: 1001
Since unblocked ledger token project is powered by Bancor and after reading little bit about the project it became clear that there will be no ICO. At start tokens will be given to developers but what about non technical people to get some ? A peer to peer payment platform will be built sounds interesting though need to read more.
Jump to: