Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
I have a feeling that in the coming years that no project in Top 25 will have less than $1 billion dollar valuation, this is where Bancor will derived most of its vale because it is a Federal reserve for most of this tokens. The idea indeed seems abstract to most people
I agree. The implications of Bancor are mind-boggling, and most people's mind cannot grasp such a magnitude of change. If I'm right, we all early adopters will be very very happy at some point.
Major game changer here, hodling every token I got from this ICO, one of my best investments in crypto x)
And why is that? I have a nice amount of BNT from the ICO as well, but it is the worst performing token I have ever had. I has done nothing but following ETH downward.
What is the "major game changer" aspect which I probably missed?
We no longer are dependant on major exchanges, in order to trade tokens, that's huge, plus there's no liquidity problem and it's the first token that when the supply increases the value increases, and is backed by reserves. The price has performed better than expected it's over what I paid for at ICO, i can't complain
While Bancor is all fine and dandy, I don't think it's a replacement for a full fledged Exchange. We need order books and the ability to trade and Bancor has none of that. At best Bancor can fill the role of ShapeShift and is ideal for people who need instant liquidity. We will a need platform like Waves to fully replace centralized Exchanges.
Why are order books necessary? IMO they are worthless because you don't have any information about the money out of the book ready to jump in.
Trading will be possible when a decent UI is developed, and there it should be possible to set entry and exit points, use charts, indicators, etc.
Without the order book, how in the world are you supposed to know where the big buy and sell walls are and at what depth your limit order is placed? The order book is invaluable for traders.