/biz/ - Business & Finance

Bancor thread. Is this shit even going to work? I don't think it is. Once the market recovers the deficit will just grow faster than they can fill it in. They want to fill an insanely huge deficit with things like a vBNT burn and Yield Throttling. I'm thinking of just taking a haircut. I'd been over a month and no real solutions offered and the DAO forum is a mess with any legit criticism deleted and censored. They all just care about BNT price and don't give a fuck about LP's at all. They shot down suggestions of IOU's to let LP's get out and become whole later with repayments too. These fucks are so short sighted they unironically believe they will just be able to attract new money in to replace the old burned LP's.

When Link staking comes, Link is gonna start rising and the deficit will just grow. It will take years if not a decade to fill in the deficit when the are getting a tiny little trickle of revenue each day from their swap fee's and burn and yield throttle. And yet if you mention this on the DAO your post is ignored or deleted. They want to act like this isn't a race and they have all the time in the world.

So tell me. Am I wrong. Is there literally any possibility that Bancor's plans would actually work in a reasonable amount of time. Or is fucked? I haven't takent he haircut yet. Considering doing it today. For those that took the haircut already how are you feeling about it now? Relief or regret?