Re: [ANN] Bancor Protocol - A Hierarchical Monetary System & Decentralized Exchange
Cool, an innovative Bancor protocol that seems designed to deprive the exchanges serious share of the profits from the trade of various tokens. Will support this idea, especially if it will save time and money on the exchange of tokens. Developers, good luck, it will be interesting and useful project.
Thanks! I don't think the exchanges will go out of business so fast, as most of their ongoing operations are about dealing with deposits, withdrawals and regulations compliance, as the actual exchange is dealt by machines (which are paid no salaries..
)In this sense, the exchanges are similar to ISPs as they provide a gateway between the existing digital-asset networks and the modern decentralized, blockchain-based networks.