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/biz/ - Business & Finance

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File: 97 KB, 800x532, bancor.png [View same] [iqdb] [saucenao] [google]
23502015 No.23502015 [Reply] [Original]

I'm financially ruined. The v2 fudder was right, they lied about solving impermanent loss.

>> No.23502126

so the only reason to hold bnt is governance? absolute garbage, thanks /biz/

>> No.23502390

>>23502126
Yeah. I'm down over 50% at this point

>> No.23502409
File: 206 KB, 670x454, Lightning Network.png [View same] [iqdb] [saucenao] [google]
23502409

man i tried telling you months ago

no one would listen. i considered every possible DEX investment there is in crypto and only ONE makes sense.

>> No.23502421 [DELETED] 

>>23502015
>The v2 fudder was right,
hey, i was the fudder. you just reminded me one of you faggots sent me some bancor. im going to sell it now because gas prices are cheap. kek.

>> No.23502438 [DELETED] 

i think ill buy some ampleforth with it

>> No.23502464
File: 261 KB, 1266x688, 1602242199742.png [View same] [iqdb] [saucenao] [google]
23502464

WHERE IS THE PIECE OF SHIT THAT SHILLED V2 AT "THE BOTTOM" OF $1

I WAS PROMISED A X6

>> No.23502475 [DELETED] 

>>23502409
yeah, the economics of amms are fucked.

>>23502421
>pic related

>>23502464
looking for an exit pump to sell at break even at this point

>> No.23502489
File: 1.05 MB, 1144x715, 1603256813894.png [View same] [iqdb] [saucenao] [google]
23502489

>>23502409
yeah, the economics of amms are fucked.

>>23502421
>pic related

>>23502464
looking for an exit pump to sell at break even at this point

>> No.23502506

>>23502015
What's the problem with it?

>> No.23502555

>>23502506
>v2: we're going to solve impermanent loss
>turns out that arbs can frontrun the link oracles
>v2.1: we're going to insure against IL by minting more BNT to make up for your IL

>> No.23502641 [DELETED] 

bancor solved impermanent loss, by making it PERMANENT loss

top kek

>> No.23502678

I tried warning you, why didn't you listen? Same with the bzx faggots.

>> No.23502721

>>23502390
I managed to get out at about 3% loss, but if I'd cashed out a fortnight ago when my gut told me to I would've actually done quite nicely. Meh, 20/20 hindsight. Sold, into LIT.

>> No.23502741

>>23502555
Isn't that bearish for link? Sergey spent at least one hour writing that tl,dr article, all that effort for nothing.

>> No.23502766

>>23502721
looks like I'm going to be bagholding this POS for a while

>>23502741
AFAIK they couldn't get the oracles to update as quick as they wanted to without spending a fuck ton on gas, so you could say it's probably on vitalik to get his shit sorted with eth 2.0

>> No.23503281 [DELETED] 

just sold the free bancor on of you gave me for ample.

>> No.23503292 [DELETED] 

>>23502678
>I tried warning you, why didn't you listen? Same with the bzx faggots.
stop pretending to be me kek

>> No.23503329 [DELETED] 

here is proof its me 0x8bb236779e2faf7cb2792529e1db4a0d3c9a4a6c

>> No.23503350

>>23502741
the ridiculous thing is that they could have solved the frontrunning by doing the same thing SNX did, ie lock funds for every oracle update and retain profits made from the oracle update

I asked in TG why they didn't do this, their reply: "we felt this solution was better"

No it fucking isn't you fucking retards, you're just inflating IL away and dumping the loss on BNT holders. Sold right there and then, I'm sick of this team being so obviously retarded as evidenced by all their replies in TG

I sold at 1.30 btw and bought at 80c, >>23502464 was just a meme I made profits. But holy shit this team is retarded.

>> No.23503360

Kek, good I didn't fall for it(again)

>> No.23503660

>>23503350
I can't believe I was retarded enough to ignore my instinct that this was a 2017 shitcoin looking to exit scam by riding the defi hype

>> No.23503711 [DELETED] 

>>23503660
>this was a 2017 shitcoin looking to exit scam by riding the defi hype
thats exactly what this was

>> No.23504489

>>23502015

Someone provides $1000 worth of liquidty for token xyx, 3 months later they get their tokens + fees back all in a decentralized non custodial manner. How is impermanent loss not solved here? The end user is protected that is what matters at the end of day. With the launch of V2.1 anyone staking there idle tokens in Bancor will be more profitable vs holding alone.

>> No.23504492
File: 169 KB, 1024x537, 1603136544805.jpg [View same] [iqdb] [saucenao] [google]
23504492

>>23503711
i should have figured

>> No.23504949

I don't know if i should sell now or wait until it maybe pumps to $1.10, i should've known better, the bnt holders are really human toilets for whales to dump their impermanent insurance on
and i knew that at $1.30, I dont know what i've been thinking at the time

>> No.23504981

>>23502015
it's a shit project with shit team

they hyped up V2 for 6 months and then failed to deliver anything they promised
then changed plans and decided to deliver 10x shittier version of 2 which is completely uninteresting and dumb

fuck this pajeet shitcoin

>> No.23505298

>>23504981
i would argue that using oracles for dynamically weighted pools is more uninteresting, its a fairly simple idea at the end of the day
using an elastic supply to basically print infinite money to a certain extent is pretty hilarious and i look forward to seeing how it plays out during a 2017-style bull run, when impermanent loss can reach absurdly high non-finite values

>> No.23505318

>>23502721
>bought 10k BNT at 20 cents

fuck it I am hodling this to the moon or bust.

>> No.23505332

>>23504949
I'm holding until I can dump all of my bags at 1.10

>> No.23505977
File: 51 KB, 361x311, 1603481023252.jpg [View same] [iqdb] [saucenao] [google]
23505977

LOOK

IS NUMBER GOING TO GO UP OR IS IT NOT

>> No.23506471

What a shitshow

>> No.23506786

>>23502126
no. there’s liquidity mining being added.

>> No.23506899

>>23505977
whaddya think, genius?

>> No.23506989

>>23502421
hope that helps with your $600,000 in losses from emn, nyan, kimchi and all of the other rug pulls u got rekt on zerosum

>>/biz/thread/S22905522

>> No.23507067 [DELETED] 

>>23506989
>other rug pulls u got rekt on zerosum
many
yam

>> No.23507068

>>23506989
Holy fuck

>> No.23507099
File: 187 KB, 496x550, 1603228600954.png [View same] [iqdb] [saucenao] [google]
23507099

I was the Bancor 2.1 shill.
I had a dream about Bancor a week before I started shilling, so I thought I was right.
Right before launch of 2.1 I began to see bugs and errors and red flags.
Then I realized my Bancor dream was a warning. A prophecy of me losing all my money. I got out at 1.15 and then it plummeted.
I'm sorry, and I apologize. I still haven't mastered my prophecies yet.
Although, if you'd bought at 82 cents when I first started shilling and sold at 1.40 a couple weeks later, you'd have made a decent bag.

>> No.23507119

>>23503660
>2017 shitcoin looking to exit scam by riding the defi hype
Lol.
>153 million ico
>Millions of tokens for the devs

The scam here is over, it happened on 2017. This v2 thing is just some rubbish to make it look like they are doing something even though they literally dont have to do shit.

>> No.23507282

v2.1 is the best solution out there to impermanent loss and BNT holders stand to gain a shitload from the burnt fees

they have built a crazy way to co-invest in AMMs and all the pea brains on here just see "inflation"

Dumbasses ape into copy paste food coin AMMs and can't realize when there's actual innovation in the works

Read the economic analysis: https://drive.google.com/file/d/1en044m2wchn85aQBcoVx2elmxEYd5kEA/view?usp=sharing

"Therefore, in our view, Bancor v2.1’s value proposition to potential liquidity providers can
be very interesting. The fee-earning-potential that this liquidity generates might well exceed
the cost of providing such protection, especially in a later stage when the liquidity providers
are acquainted with the system and their remuneration might be made less generous. Also,
contrary to the “we pay you tokens to provide liquidity on our platform” business model so
often seen in the AMM market currently, the Bancor protocol seems to have a defensible moat. Even someone copying the entire code of the protocol will not have the risk-taking
Bancor protocol in the background, and this risk taking is, in our view, the core of Bancor’s
unique value proposition."

>> No.23507302

>>23502015

You may be able to 'unruin' yourself a little by doing a good body of research on ARPA.

Just trying to help a brother out.

>> No.23507311

i need a poo

>> No.23507330
File: 273 KB, 1600x1200, 9xUpvkv.jpg [View same] [iqdb] [saucenao] [google]
23507330

>>23502015
>I'm financially ruined.

>> No.23507338

>>23507099
literal schizo who thinks his obsessed dreams are prophetic
the absolute state

>> No.23507406

>>23507338
I do. I hadnt thought about Bancor in years.
I saw myself reluctantly nonchalantly. saying something about Bancor. I thought it was bullish. But it was just a glimpse of me talking about how I lose all my money on Bancor before the bullrun.
It wouldve destroyed me. I saw that timeline.

I also saw BSN before I knew about it. Written on a wall. With 2 cryptos listed below it.
I see shit man.

>> No.23507458

>>23507406
listen man I believe in Jung and the collective unconscious and all that, but sometimes a cigar is just a cigar and in Jungian analogy, sometimes a dream is just a dream.

That said, what cryptos did you see below BSN?

>> No.23507770

>>23507330
Kek, is that a 2017 bancor meme?