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2535459 No.2535459 [Reply] [Original]

Centralized Jewish scam.

Martin Holst Swende, Security Lead at Ethereum, wrote in hisreport:

The Bancor protocol implementation has a security model based on centralized trust: theownerof the contracts have (sic), to a large degree, full control over assets traded over the platform… Since the bancor protocol is fairly a complex scheme… it makes sense to have a centralized model, at least initially.
https://medium.com/unchained-reports/bancor-unchained-all-your-token-are-belong-to-us-d6bb00871e86

>> No.2535510
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2535510

>>2535459
Nothing new. Dumping these shitcoins as soon as they go up 5%

>> No.2535525

Martins following statement from the blog

Participants should note that the contracts as authored for the crowdsale are not trustless, and depend on the good behaviour of Bancor. Bancor have stated that this is intentional, intended to allow them to respond to and remedy any issues that come up during the crowdsale and in early operation, and that manual oversight will be exchanged for more automated operation once they are confident the system is working as intended.

>> No.2535565

>>2535525
So, just trust them. Like bringing your money to the bank? Thought the whole point of crypto was to not have to trust anyone.

>> No.2535641

>>2535565
It is the whole point.

I don't go in for DA JOOOOZ rhetoric, but the people who invested in bancor are completely missing the point, sacrificing sound money for new digital fiat.

>> No.2535816

>trusting the chosen people with your coin

i absolutely cannot see what could possibly go wrong goy--errr, guys.

>> No.2535941

>>2535641

Thank you. This.

>> No.2535954

The whole concept is (((them))) making money off your money, kind of like... Cough centralized banks.

The fact that anyone bought into that idea, well, you deserve to lose every penny for being that stupid, goy.

If I had bags I'd drop them as soon as they hit Bittrex.

>> No.2536529

>thinking anything but bitcoin isn't trash.

>> No.2536541

>>2535641
You couldn't buy Bancor with BTC so you sold a shitcoin for a shitcoin.

>> No.2536543
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2536543

>JOOS R BAD

What board do you think this is?

>> No.2536581

>>2535459
>(((bankcore)))

Goyim, please.

>> No.2536600

Lets give the jews our money. This is going to be real bad for ETH, glad I got out. Unregulated ICOs are out of control, would steer clear.