/biz/ - Business & Finance

>>2291250
practically speaking, that's what it does. theoretically, it's supposed to just act as a middleman between coins, but the reality is it means everyone uses bancor whether they want to or not.

If you still don't get it, read this part from the IRL bancor wiki

>Bancor would not be an international currency. It would rather be a unit of account used to track international flows of assets and liabilities, which would be conducted through the International Clearing Union. Gold could be exchanged for bancors, but bancors could not be exchanged for gold. Individuals could not hold or trade in bancor. All international trade would be valued and cleared in bancor. Surplus countries with excess bancor assets and deficit countries with excess bancor liabilities would both be charged to provide symmetrical incentives on them to take action to restore balanced trade.


tl;dr the shitcoins have some value(gold) and bancor is going to take the gold.

it's genius.

>>2291310
supposedly they are """fixing""" the ICO so it cannot be taken by whales in seconds.