Thoughts on bancor?

[Anonymous No.49828175]

Need biz expert opinion

[Anonymous No.49829003]

>>49828175
Jews

[Anonymous No.49829026]

bancor bros...

[Anonymous No.49829041]

>>49828175
farm token with endless inflation

[Anonymous No.49829051]

>>49829026
>hostile market conditions
What is this kikespeak

[Anonymous No.49829099]

>>49828175

[Anonymous No.49830220]

>>49828175
Made me money during the bullrun cos I threw a couple hundred at it when it was $1 and sold it at $8. Useless piece of shit otherwise

[Anonymous No.49830268]

>>49829026
lol
they used to say in the event of a massive bankrun only about 5% extra BNT would need to be minted to cover IL
what went wrong

[Anonymous No.49830346]

>>49828175
>>49829026
If you have any money on Bancor the time to process a withdrawal is NOW. There is only enough money to pay out 50 per 10,000 users immediately* without a waiting period which will result in BNTs death spiral. You have been warned anons

[Anonymous No.49830371]

>>49830268
>just print more BNT to replace the lost fees from BNT going down!
Fucking faggot

[B3 !!WqpOpU+cF4e No.49830438]

>>49828175

Expert here.

The whole market is FUCKED and, in particular, celsius went under and were using Bancor.

So celsius wants bancor to cover its ass at the cost of our users. Bancor paused IL protection to stop celsius from extracting value from the protocol.

Welcome to the real bear market. See you in 2 years. I will continue to use bancor to earn fees which will allow me to DCA over the bear market without spending any money. Anyone who is giving bancor shit right now is totally reasonable.

I wouldn't buy ANY crypto right now (BNT included), but in the long term Bancor will survive. Bancor has been around since 2017 and it will still be here in 2027.

[Anonymous No.49830709]

>>49830438
how do you feel about shilling bancor so hard here when this has happened?
what do i do now with my link that's in 2.1?

[Anonymous No.49830748]

>>49830709
Get it the fuck off the platform now or if you’re stuck in the 7-day hold loop make sure you’re at the front of the queue

[Anonymous No.49830750]

>>49828175
Safe 10x

[B3 !!WqpOpU+cF4e No.49831016]

>>49830709
I am sad that this has happened, but the main message I was sending was that Bancor is a good place to HODL tokens long term: this is still true.

Make no mistake: what is happening right now fucking SUCKS.

But as long as you don't withdraw, wait out the market for a while, you will get your full position. IL protection is going to come back and - as long as you don't withdraw and sell at the literal worst time possible - it will be like the IL protection wasn't ever turned off.

I have high six figures in Bancor - not just in BNT - and withdrawing right now would be fucking stupid. Just hold your shit here for a while, wait out the storm, and the protocol will resume.

I only have 1 question to ask you: is there anyone at Bancor making money from the IL protection being turned off?

The answer is no. IL protection being turned off protects long term holders and the Bancor team doesn't make a fucking dime from turning off this feature.

If it EVER comes out that the Bancor team made money by turning off the IL protection I will self-dox, fully disavow the protocol, and release every single private communication I have access to (which is a lot).

[Anonymous No.49831038]

>>49830748
i thought i was safe in 2.1 as could withdraw at any time. now they're forcing you to move to v3
wtf

[Anonymous No.49831088]

>>49831016
I feel sick bros. I'm with you B3. Fud is at ATH. Ill weather the storm aswell. I have 8k LINK on there, also family has about 20k.

They were able to pull through last bear, so i'm going assume they will this time round too. There was no LP'ing last time aswell, so objectivley its better conditions.

I think ultimatley it was good to turn off the IL to protect the protocol as a whole.

[Anonymous No.49831093]

>>49831016
and you really think the il protection will just "come back"?
what is their game plan? how does it resolve?
it was pretty scary listening to mark on twitter, didn't sound like he had many answers

[Anonymous No.49831121]

>>49831016
My only consolation is that you are going to lose all your money (assuming youre actually keeping it there and not trying to convince more saps to hold while you frontrun them). Make sure to live stream it.

[Anonymous No.49831127]

>>49831088
Get. Your. Assets. Off. Bancor. You will lose everything and you'll be forced to look back and cope with the fact you listened to some 6 figure fag trying to protect his own bags during the withdrawal hold period

[Anonymous No.49831133]

>>49831127
No.

[B3 !!WqpOpU+cF4e No.49831182]

>>49831093
IL protection will come back. This is happening because of Celsius fucking their users and expecting Bancor to foot the bill.

The protocol is STILL collecting fees this very second to cover IL. The protocol just isn't paying out to people who withdraw at the moment.

I know Mark and I can tell he is really, really fucking sad. B3 is, almost entirely, his brainchild and all it needed to succeed was like 2 months of crab market to get off its feet and this shit happens.

The worst part is that it doesn't even actually matter long term. Its a PR nightmare - for sure - but IL protection will come back and in 2025 this will all be a distant memory.

I'm not even mad at anyone who is FUD'ing right now - we deserve all your hate, but we aren't going to stop improving the protocol.

[Anonymous No.49831197]

>>49831016
JESUS CHRIST ANONS DON'T LISTEN TO THIS FUCKING SHILL CUNT

GET THE FUCK OFF BANCOR NOW

DON'T BE THE DIPSHIT LEFT HOLDING THE BAG

YOUR LINK IS ALREADY GONE INTO THE POCKETS OF TRADERS WHO USED THE PLATFORM, DO YOU KNOW HOW AN AMM WORKS?? IF YOU WAIT YOU'LL LOSE IT ALL FOR FUCK SAKE GOGOGOGOGO DON'T BECOME ANOTHER CELSIUS-LIKE BAGHOLDER

[B3 !!WqpOpU+cF4e No.49831210]

>>49831121
Both mark and myseld have 99% of our net worth in Bancor. If Mark runs the protocol into the ground the person most hurt would be him.

[Anonymous No.49831252]

>>49831182
so you think people will just magically trust them after they unilaterally intervened and shut down the protocol?
i'm hoping i can get my link out (not much of total stack as was pretty risk adverse) but long-term bancor is fucked reputation wise from this
and i'm sure mark is sad but what is the plan from here? i haven't heard that yet

[Anonymous No.49831269]

>>49828175
Kikes scamming everybody, as usual.

[Anonymous No.49831281]

>>49831016

I hope you are right for your sake, it's an awful lot of fud for what amounts to a non top 100 exchange. and everyone here shitting on BNT must LOVE Binance, FTX, Huibi, OKX etc. cause CEX is sooooooo much better Right?

Sad day if this project dies, but then again if what you say is true Bancor is liable for getting into bed with outright scams like celsius and somehow not expecting this to happen.

[Anonymous No.49831301]

>>49831038
>i thought i was safe with jews
you literally deserve to get jewed out of your money

[Anonymous No.49831428]

>>49831281
False equivalence, we shit on Bancor because the real alternative is just holding LINK in cold storage. Nobody is saying to keep your funds on a CEX.

[Anonymous No.49831485]

>>49831210
what other shady entities are you guys working with? Not sure I will ever trust your team ever again. I cant even withdraw my positions

[Anonymous No.49831519]

>>49831210
This is bigger than Mark and you know that. There are market forces at play the average retard isn’t taking into account and we’re seeing a number projects and protocols show cracks just look at BlockFi.
Glad you decided to finally have a conscious but at the end of the day nobody could give a fuck about some faggy VCs ponzi hopes and dreams when there is retail money at risk. Surely you understand many > few?
>>49831281
Sam propped up the the entire market just to dump on retail and CZ is just as bad listing everyone shitcoin under the sun and bull posting. Just because you have bags doesn’t mean it’s personal faggot

[Anonymous No.49831558]

Personally I'm buying here with size

[Anonymous No.49831665]

HODL mode enabled

[B3 !!WqpOpU+cF4e No.49831691]

>>49831281
Bancor never "got in bed" with Celsius. We are an open protocol that anyone can use and this would never have happened if Celsius was a rational economic actor.

The only reason Celsius is able to extract value from the protocol is because the are doing it with other peoples money - and doing so at a loss.

>>49831485
FINMA and the SEC to try and stay regulatory compliant. I understand the loss of trust.

>>49831519
The protocol will survive. I actually took a job just the other day because I knew the bear market as upon us and I don't want to sell at the local bottoms. I could retire, but fuck selling right now. I am gonna wage until about 2025 or 2026 and then all of this will just be a story I tell about how hard times made me a strong man.

[Anonymous No.49831736]

>>49829026
I'm surprised all these companies didn't protect themselves in time before the bear market. And they have the audacity to call it "market volatility."
Market can be volatile either way. Jews thought price would only go up unironically. Does Bancor browse /biz/? That'd explain how retarded they are.

[Anonymous No.49831762]

>>49831691
We'll recover don't worry.
In a few weeks / months it will be clear this was for the best and the protocol will be far better off than before.

[Anonymous No.49831995]

Theres a coardinated attack on BNT right now. I think theres a cartel that has massive shorts and they are spamming the board trying to create fear.

[Anonymous No.49832428]

>>49831182
Didn't Celsius alreayd withdraw from bancor a couple days ago? Did they have a 2nd wallet?

[Anonymous No.49832614]

>>49831016
Thanks for the hopium. I will leave my shit on Bancor and hope for the best. Maybe I’ll even slurp the bnt dip.

[Anonymous No.49832880]

>>49831016
this is funny as fuck you are telling people to HODL and wait till bancor goes insolvent KEK

[Anonymous No.49832927]

>>49828175
I think the technical term for it is insolvency

[Anonymous No.49834088]

>>49830438
Sorry it really sounds like youre not a real anon, you really sound like you probably work for bancor and judging by your posting style youre a reddit guy.
Cant blame people for acting in their own self interest as they should.
Glad that all this will finally expose all these scams and people will learn that if some place is offering you 15% apy, its probably a scam.
Because even 10% a year is legendary for traditional financial systems, and if there was an easy way possible, all the worlds biggest hedge funds would already be doing it.

[Anonymous No.49834129]

>>49828175
>Bancor has been around since early 2016
>does nothing
>collapse of Bancor by the same group who took down Terra and Celsius
i guess Bancor did have a use case, to further crash the market

[Anonymous No.49834166]

MARK HAS JUST AUTHORIZED HIS OWN EXIT FOR HIMSELF AND THE TEAM HOLY FUCK GET OUT NOW GUYS THE HOLE THING IS COMING DOWN

[Anonymous No.49834183]

>>49831016
Ouch.. Bro you need to plan for the worst, I dont want to shit on you when youre down bad, but please go look at the the celsius reddit, people are making the exact same kind of posts as yours, and as an outsider looking in it sounds like people are suffering from cognitive dissonance because they dont want to look at the truth when it means they lost their money, theyre gonna keep hoping for the best. But bancor is a bit different because theres still time to withdraw, and its a tough situation because the options are either get back half safely or wait and risk losing everything. Either 50% or all or nothing..
Sorry bros best of luck

[Anonymous No.49834225]

>>49831995
Bro.. This same narrative is being pushed by celsius copers.... Its fud blah blah.

[Anonymous No.49834805]

>>49834225
Except its not.

Celsius was trading their users funds, Bancor is just an AMM. Just because you got a free lunch for over a year, suddenly they stop and tell you its temporary, everyone loses their minds. Its for the benefit of everyone, the problem is crypto investors are fickle, and if you NEEDED to pull out, then thats your problem. Depositing in Bancor was always a long term play conceptually anyway.

We brainstormed about this way back when. We knew it was entirely possible for a bank run to occur. Knowing this, the plan was always to hold during the bank run, because you would earn more fees.

Every single person is doom posting about everything. Fact is, crypto isn’t going away, and as an AMM, Bancor may have lost confidence temporarily, but remember, people in crypto have forgiven much much worse.

In the end, it will likely be Celsius that pays for this.

[Anonymous No.49834818]

>>49828175
It’s Over

[Anonymous No.49834834]

>>49828175
>>49829026

[Anonymous No.49834855]

>>49834805
Well if Celsius were actually shorting BNT then it is likely they were relying to some degree on their (half of) 1.3 million LINK payout in BNT to dump on the market, considering they have already sold their millions of BNT they had in treasury.
So while retail LPs withdrawing now get fucked by "lol actually no IL protection for you" the upside is that Celsius don't get any BNT either and simply have to wear losing half their LINK.

[Anonymous No.49834872]

>>49834855
exactly, celcius is leading the bank run here

[Anonymous No.49834893]

>>49834872
“First out the door” isn’t a meme.

[Anonymous No.49834915]

>>49830268
>what went wrong
you trusted kikes

[Anonymous No.49834928]

I remember a year or two ago a lot of real smug Link holders are bragging they're making a killing on passive gains by parking their stacks on their protocol. 42 was one of them IIRC. I hope that nigger loses his stack, he ruined too many threads with his faggotry.

[Anonymous No.49834953]

>>49834834
>according to two sources
woa...
meanwhile celsius doesn't even have the capital to short bnt, and any bnt they were going to get from ILP (before they cancelled it) would have been used to buy the lost LINK back

but it's okay some random twitter guy is spreading rumours

[Anonymous No.49835007]

The way I see it Bancor had two options:
1) Continue to pay IL, Celsius withdraws 1.3m LINK and gets half in BNT, instadumps, BNT death spiral, bankrunning retail LPs behind Celsius keep getting hyperinflationary BNT until there is no buyside pressure to give BNT any value at which point the LPs basically just get TKN and worthless BNT, Bancor dies.

2) Cancel IL, save the BNT token from inflationary death but completely lose faith from the LPs who you've promised IL protection the whole time. Bankrun where LPs still flee, furious, and a massive loss of reputation and muh immutable DeFi, but the protocol and the token survives and you pick up the pieces with maybe 5-10% of the liquidity you had before and slowly try to start again.

You can see why they chose #2. Fucking sucks but I get it.

[Anonymous No.49835041]

>>49831016
C O P E
O
P
E

[Anonymous No.49835081]

>>49834953
Bancor actually confirmed this as well within the first 5 minutes of their twitter space tonight

https://twitter.com/ChainLinkGod/status/1538750054865207296

[Anonymous No.49835178]

>>49835081
you are operating under the delusion that people will risk losing everything over cutting their loses
https://etherscan.io/token/0x516c164a879892a156920a215855c3416616c46e?a=0x857eb0eb2572f7092c417cd386ba82e45eba9b8a
there is an active bankrun, triggered the moment IL protection was revoked
500k LINK tokens in withdrawal and counting; that's only 5 hours since the announcement. looks like "muh celsius" will soon become the least of their worries

people no longer give a fuck, they realized they got scammed and they're trying to get out before they lose 100%

>>49835081
>confirmed
they didn't confirm anything and yes i heard it
a confirmation would be something tangible, something that i can see, not something based on my ability to trust a filthy jew
"someone acting like a hostile antagonist.. uhhh. hehe you know... creating short positions and stuff" is not confirmation, it is kike drivel

[Anonymous No.49835237]

>>49835178
Thats peanuts, the brunt of the announcement has been absorbed. Whoever wanted to eject has done so already.

[Anonymous No.49835243]

>>49835178
dude do you even know how impermanent loss protection works?

[Anonymous No.49835244]

>>49834183

Personally have no investment in either BNT or Celcius but you’re brain dead if you cant see that Celsius are actively shorting BNT and plotting to dump it to the ground, and want as much retail as possible to help them dump BNT into the ground.

Celcius are fucking evil

[Anonymous No.49835254]

>>49835178
if people make their withdraw without ILP active, theyre only getting half their link back and 0 BNT. that wouldnt hurt the protocol. the death spiral narrative refers to BNT mass printing. Right now thats off the table as ILP is disabled.

[Anonymous No.49835271]

>>49835237
>5 hours
>fully absorbed
>for a fucking defi protocol
lmao just wait till everyone is awake

>>49835243
uh lik dooood
like do you evveeeeen?!?
DUUUUD
like bro do you even know stufF??!?

[Anonymous No.49835273]

>>49835244
>shorting LINk is okay
>SHORTING BNT IS EVIL AND ANTI SEMITIC
post nose

[Anonymous No.49835288]

>>49835273
shorting BNT while actively causing mass inflation on BNT is pre-planned murder.

[Anonymous No.49835306]

>>49835254
>that wouldnt hurt the protocol. the death spiral narrative refers to BNT mass printing. Right now thats off the table as ILP is disabled.
lol
the protocol is dead, you just failed to noticed
it doesn't matter if BNT doesn't get hyperinflated if literally everyone leaves the platform (while they still got time)
that's a tiny detail you forgot. nobody will ever provide liquidity there again
it will become another ghost platform

[Anonymous No.49835314]

>>49835288
I see nothing wrong with the cold blooded murder of another jewish protocol. i hope you kike all kill each other lol

[Anonymous No.49835323]

>>49835273

Where did i say shorting LINK is ok? I warned everyone all last year to stop giving Bulgarians LINK you faggotz i made everyone aware they were shorting LINK in the first place with a huge trail of on chain transactions. Just us with IQ points can look at things holistically and you cant

[Anonymous No.49835331]

>>49835244
I’m glad Bancor had the foresight and the balls to turn off ILP in order to fuck these pieces of shit over. I hope Celsius dies.

[Anonymous No.49835334]

>>49832428
June 17th
>Large withdrawals from the pools during high market volatility can put seeking pressure on BNT due to IL coverage being paid. This is what has been seen recently due to Celsius who was a major LP contributor. Vast majority of that event is behind us now.
>Vast majority of that event is behind us now.
https://twitter.com/LinkSemper/status/1537754260871446529
>Everything is clearly being looked at but there has been zero level of concern about the health and longevity of the protocol. No other players with the level of holdings that Celsius had that is known. These exits will organically increase APY's, which will attract liquidity.
>had
https://twitter.com/LinkSemper/status/1537883478603145218
Also
https://twitter.com/LinkSemper/status/1536172326961696770
https://twitter.com/LinkSemper/status/1536420444684832771

[Anonymous No.49835344]

>>49835323
>the jew cries out in pain as he strikes you

[Anonymous No.49835371]

>>49835244
>>49835331
See >>49835334
Any wallet sleuths know if there's on-chain evidence of the size of Celsius' current positions on Bancor?

[Anonymous No.49835376]

>they le shorted us!
>"where is the proof?"
>stop being antisemitic!

[Anonymous No.49835382]

>>49835331
>is this the easu gambit?
>the jewish mitosis ???
die for israeli goyim

[Anonymous No.49835402]

>bancor good celsius bad!
>but you are all jews doing the same thing
theabsolute state of bancor damage control in here

[Anonymous No.49835474]

>topkek the thread dies as the jewish mitosis fails to convince the goyim
no more jewish tricks

[Anonymous No.49835481]

>The Bancor Protocol Whitepaper was first introduced on February 13, 2017, by founders Galia Benartzi, Guy Benartzi, Eyal Hertzog, and Yudi Levi

[Anonymous No.49835547]

>>49835331
Is there any proof this is actually happening?

[Anonymous No.49835591]

>>49835547
all the jews are in it together against the goyim simple as

[Anonymous No.49835709]

thank FUCK i withdraw my link from v2 last night. wew.

[Anonymous No.49835950]

fucking bump

[Anonymous No.49836192]

>>49835244
Still not a good look for "defi" which is based on trust of the code, when they can arbitrarily change the rules at any moment and lock people out of their funds, to terms which they did not agree too.
Guarantee that if people knew this was a possibility they would of never fucked with it.

Its a slippery slope
Next it can be
>oh it looks like you were accused of using hate speech on the internet, were gonna have to disable your withdrawals until further notice, you are still welcome to hodl :)

This goes against everything cryptos ideals stand for

[Anonymous No.49836211]

you're gonna lose everything bancor fags
isn't it cute how you said bancor was safe because of the smart contract protocol?
it's not Cefi! IT'S DEFI!!! sooo much safer!!
the chicken has come home to roost.
you're going to be penniless soon enough
go ahead and try to cope
pretend you'll get your coins back
L
O
L

[Anonymous No.49836246]

>>49835237
Uhh its a sunday night during a 3 day weekend juneteenth :). Its only getting started
The music has just stopped playing now everyone is scrambling to find a chair

[Anonymous No.49836286]

>>49836192
You can still withdraw with il

[Anonymous No.49836325]

>>49836286
The whole selling point was the LP. If it was as it is now nobody would be participating in the first place.

[Anonymous No.49836344]

>>49836325
I agree on that. But in theory once celsius is forced to withdraw with il to cover their liabilities il peotection will be re-enabled

[Anonymous No.49836356]

>>49836211
Ngl the bancor fags are sounding more like celsius copers each passing minute.
To be fair they are in a shitty situation..
Literally just Lose 50% or gamble on all or nothing

[Anonymous No.49836434]

>>49836344
People act very emotional and irrationally in situations like this though, this is gonna spook a lot of people and tarnish bancors reputation, it might just be celsius right now but after seeing that they can do this at any time, im guessing many people are gonna run for the exit as soon as they turn LP back on, and once that happens it will lead to this same situation and then they will cancel it again and then its over.

Also I wouldnt believe everything bancor says, celsius was saying the same passifying assure you everything is fine bullshit the day before they turned off withdrawals...

I am just an observer i have no skin in the game, and i would prefer bancor to survive, because i support defi and want good protocols.
Im just giving my opinion without any rose tinted glasses

[Anonymous No.49836493]

>>49836434
Agree. I am myself fucked as i have a large bnt bag. My cope now is that their economists are coming up with new features that will improve the usability of bnt token, people have short memory & bancor foundation still has like 800m usd in their treasury. Obv liquidity will drain when il is re-enbled but it might give all tkns a chance to exit without exoeriencing >5% loss while keeping il now would have made everyone baghold worthless bnt due to massive prints. If bnt survives it has a good chance to build back with new features

[Anonymous No.49836602]

>>49836493
>I am myself fucked as i have a large bnt bag.
you deserve it
> My cope now is that their economists are coming up with new features that will improve the usability of bnt token, people have short memory & bancor foundation still has like 800m usd in their treasury.
nice cope
>Obv liquidity will drain when il is re-enbled but it might give all tkns a chance to exit without exoeriencing >5% loss while keeping il now would have made everyone baghold worthless bnt due to massive prints. If bnt survives it has a good chance to build back with new features
you're gonna lose everything

[Anonymous No.49836662]

When I think back to the leadup to Consensus and how much disingenuous "staking will be announced" hype shilling their was, followed by how much hysterical screeching there was when Sergey front ran the staking news, that was 100% confirmation that the CeFi dumpers were very, very active on /biz/.
Now I look at how, among all the legitimate Bancor fud, there is a ton of hysterical baseless fud, and I realize that of course, they're still here.

The basic fact is that, as fucked as cancelling IL insurance is for withdrawing LPs, myself included, the death spiral is now off the table. Celcius will not get millions more BNT to dump. I wonder if this is why some of the fudders are so hysterical right now.
Not all the fudders, mind you. I know there are cold storage only LINKies who feel very vindicated right now.
But I have absolutely no doubt that a lot of the people posting 20pbtid fud threads are the same CeFi representatives who got so assblasted when Sergey ruined their plan around Consensus.

[Anonymous No.49836705]

>>49836662
Are they trying to get linkies to take the 50% loss instead of waiting

[Anonymous No.49836769]

>>49836705
It seems a bit more convoluted now that the death spiral is no longer on the cards. Previously they were trying to maximize the bank run because more people withdrawing = more BNT payout = more people dumping BNT to buy back into TKN = lower BNT price = their shorts doing better.
They still have the same goal, to do as much damage to Bancor as possible, as it still helps their shorts the most, just without the benefit of hyperinflationary BNT.
When you consider that they used Bancor to make yield and now are trying to destroy it to make up some of their losses it gives you an idea of the sort of sociopaths you're working with.

[Anonymous No.49836985]

Kinda interesting spot for this thread to die...

[Anonymous No.49837089]

>>49836662
I don't see a problem with pausing the IL protection when facing Celsius market manipulation.
Celsius is evil.

[Anonymous No.49837136]

>>49835591
not really, the Alameda Jew jewed the Celsius Jew though

[Anonymous No.49837169]

>>49837089
Yeah honestly when the alternative was paying Celsius millions of BNT it makes sense.

[Anonymous No.49837191]

Fuck Celsius, fuck Alameda, fuck Nexo.
Fuck kikes.

[Anonymous No.49837204]

>>49828175
Dogshit. Never worked. It wasn't possible to be sustained unless everyone was a complete moron forever.

People wise up after you've dumped too many tokens on them.

[Anonymous No.49837341]

>>49831016
these bancor shills went from dismissing, to mocking, to berating, to now pleading that we dont redeem sers. would be funny if so many weren't getting rekt as we speak. it's sad seeing peoples stacks queued up for withdrawal in realtime. i hope they all end up ok and can learn from this.

[Anonymous No.49837713]

>>49828175
Jewish scam since inception. It boggles my mind how people are even still talking about it

[Anonymous No.49837816]

>>49836493
Good luck anon. Were all getting justed during these tough times..

[Anonymous No.49837858]

>>49836705
Probably. A lot of linkies are fudding link a lot right now because they are all in and dont want newfags to accumulate any, i honestly dont blame them after this price action. We all feel stupid for holding when we see that we could of bought 10x the stack right now..

[Anonymous No.49837882]

>>49830438
>>49831182
>>49831691

this is not true. they paid celsius in full, with a big part of it in bnt, which celsius then sold to the market. this can be confirmed both from the chain and from the previous community call of bancor itself.

now that the regular folk want to withdraw, they halt the withdrawals, because they don't have the funds to pay the users, hoping that people would cancel their withdrawals which would buy them more time to save their cash cow that is running with the users money. who do you think is making most money of the protocol? not you. they're holding users money as a hostage to try to save a platform that is ultimately doomed anyways.

>>49828175
If a platform halts withdrawals, is in any circumstances a sign of anything else than that they're fucked?

[Anonymous No.49837950]

>>49829026
>look up this impermanent loss shit
>supposed guarantee that you'll never lose money on your investments, ever!
AAAAAAAAAAAHAHAHAHAHAHA

I HOPE EVERY RETARD WHO BOUGHT INTO THIS GOES FULL BROKE

[Anonymous No.49838033]

>>49831995
lmao. why don't you just take a look at the numbers in etherscan. it's clearly just reg folk trying to pull out their link that are now being rugged. there's no coordinated attack, bancor were just fucking stupid, why would they give out IL protection during a bear market, with a defi farming token??? And why the FUCK they would accept institutional investors and give them this service (celsius). but since they made alllll that money during the bull, why would they give af? the owners of the protocol are filthy rich you know?

[Anonymous No.49838078]

>>49830438
>Expert
>since 2017
You're so fucked bro.
But that's ok.
Just enjoy the ride and pay attention. At least you're going to learn something.

[Anonymous No.49838137]

>>49834834
the celsius rumours are bullshit, you can see from the chain that they've withdrawn and dumped their bnt...and the volume on ftx doesn't support big short positions...this is folio hat shit. you can see it from the pic rel.

the problem is that now many of the reg users want to leave and they don't have enough liquidity to pay them off. in other words: gg, you got once again fucked by the man, better luck next time.

welcome to the insolvency musical chairs

My advice: If you're in the front of the withdrawal line, wait and pull out as soon as you can, if you're not, take the loss and at least get some of your stack back because the risk is not worth it.

[Anonymous No.49838306]

feels like this whole celsius narrative is created either as a cope or a psyop to diverge people's attention away from the fact that bancor accepted huge amount of liquidity from celsius and gave them IL PROTECTION (how dumb is that?). This made complete sense to celsius since they now had a perfect hedge for impermanent loss, and bancor had a big bump in liquidity which meant more money to made for them. But when the shit hit the fan bancor realised they had made a big mistake, or maybe they saw it coming didn't care because they were making so much money. Now the reg users are basically bailing both celsius and bancor out.

furthermore, why would celsius only act now, they had the chance to dump all their bnt on the market and short it meanwhile weeks ago?
why did bancor pay them out by printing all that bnt and not in fractions for example?
because they are friends and they made a deal (can be confirmed from the previous community call), that's why, because they knew that in any case they themselves wouldn't lose a penny, and ultimately if the ponzi fell the users would foot the bill.

[Anonymous No.49838655]

>>49838306
You absolutely work for Celcius.

[Anonymous No.49838699]

>>49838137
>>49838306
https://blockworks.co/celsius-says-it-needs-more-time-to-recover-financial-position/

Celsius literally said the need more time to provide liquidity, they have nowhere else to get liquidity other than Bancor.

[Anonymous No.49838785]

>>49838655
ok whatever, just look at the fucking stats and listen to the previous community call.

only paid shill in this thread is the representative of bancor, aka this guy >>49831182

[Anonymous No.49838859]

>>49838699
again, look at the numbers. celsius already got out for their eth and those queues in the link pool are clearly regular users based on the amounts they are withdrawing.

also, what's this logic of blaming celsius for their mistake? bancor made the decision to offer IL protection for their users, and they made the decision to onboard all that celsius liquidity. what if it had been a regular whale that would've just wanted to pull his money out? blaming celsius for their own mistake is not a valid argument. the truth is that the system is broken, and now they're holding the users assets as hostage to secure their own bag.

[Anonymous No.49838872]

Bancor is the epitome of economic illiteracy in the crypto space. Everyone got into crypto because muh gubmint inflation money printing, then put their protocols which essentially do the same thing.

Oh you suffer IL from having liquidity pools instead of order books? Here, we will just give you the money back by printing bancor tokens. Just trust us bro, we also burn them or something so its fine.

Except its not, it relies on a constant stream of people buying bancor to keep the price propped up and to stop it going into a price death spiral like so many other protocols.

The only difference is the bancor devs have now PAUSED THE ONLY FEATURE THEY HAVE AND THAT MAKES THEM UNIQUE KEK before the token goes to $0.0001.

[Anonymous No.49838902]

>>49838137
> folio hat
Sven?

[Anonymous No.49839353]

GET THE FUCK OUT
GET THE FUCK OUT
GET THE FUCK OUT
STOP USING THIRD PARTY CRYPTO SHIT
THEY CAN RAPE YOUR ASS AT ANY MOMENT AND DON'T EVEN HAVE TO PRETEND THEY DON'T LIKE IT LIKE BANKS
PUT IT IN COLD STORAGE AND STOP PLAYING WITH YOUR FUCKING MONEY
GET THE FUCK OUT
GET THE FUCK OUT
GET THE FUCK OUT

[Anonymous No.49839719]

holy shit, this is worst than I thought, the last eth withdrawer before they halted withdraws got ZERO eth and 100% bnt. They're completely fucked. pic absolutely related.

[Anonymous No.49839801]

>>49839719
i lost a 100 link because of this shit

[Anonymous No.49839821]

>>49839719
By the time they get that, I expect BNT will be worthless.

[Anonymous No.49839837]

>>49839719
>997 ETH
>$6.4m worth of BNT
Holy shit. That was probably even less when they sold the BNT to get ETH back, They took almost a 50% haircut

[Anonymous No.49840018]

>>49839801
at least you got out

[Anonymous No.49840114]

>>49840018
i got so fucking lucky its not funny. i got out almost a couple hours before they stopped IP

[Anonymous No.49840170]

>>49830438
If you even mention blocking withdrawals people will withdraw on mass and never return. If you block withdrawals and manage to open them later everyone will withdraw. Bancor is finished. Trust is broken.

[Anonymous No.49840175]

>>49828175
The saying is true, with Jews u lose. Never trust Jews or chink

[Anonymous No.49840304]

>>49828175
Terra-tier shit design.
Relied on a
>oh that would never happen
event to never happen.
Anyone that put crypto in there is a retard and deserves to lose everything. Do some due diligence next time and at least read how shit works before you put your money into it.

This bear market will cleanse the space of retards.

[Anonymous No.49840332]

....and the story is out on cointelegraph:

https://cointelegraph.com/news/bancor-pauses-impairment-loss-protection-citing-hostile-market-conditions

[Anonymous No.49840549]

>>49840332
>impairment loss protection
straight out of calcutta

[Anonymous No.49841396]

>>49831016
>I have high six figures in Bancor
Now it makes sense, you don’t want other people to withdraw so you don’t lose money. Then, you can pump/dump everyone else. Lmao.

[Anonymous No.49841470]

>>49836769
>It seems a bit more convoluted now that the death spiral is no longer on the cards.
It is always in the cards, it's just a part of how the protocol is designed.

[Anonymous No.49843566]

>>49839719
How long will BNT be worthless for? When should I buy a small bag

[Anonymous No.49843957]

i used it few years ago. faced what is called "front-running attack" and lost few bucks. felt pretty disappointed and never used since. don't know if the problem is fixed yet

[Anonymous No.49844001]

>>49841470
Only when they turn IL protection back on. While it's off it's just like a normal AMM except the pair you're getting IL against is shittier than ETH.