bancor

[Anonymous No.49840097]

dam people are getting screwed even more than i thought. sorry frens

[Anonymous No.49840117]

>>49840097
4.1m LINK pending withdrawal - with no IL protection
>https://etherscan.io/token/0x516c164a879892a156920a215855c3416616c46e?a=0x857eb0eb2572f7092c417cd386ba82e45eba9b8a

[Anonymous No.49840145]

>>49840117
only 22k ETH pending withdrawal now - with no IL protection (which was the only reason anyone provided liquidity to bancor). why did it drop like 10k? because someone withdrew their 10k ETH and got only 5800 ETH back. SOMEONE JUST TOOK A 4200 ETH HAIRCUT, just to get their shit off bancor

[Anonymous No.49840182]

>>49840145
to be clear: this person with $10m on bancor just told the jews to tongue his anus and took back his shit at a loss of $4.2m

[Anonymous No.49840280]

>>49840145
Sometimes I wonder how people so retarded have so much money. That person could have just waited and withdrawn a little bit if they needed it. If they had no faith in the product and think the market is never recovering then why put that much in to begin with

[Anonymous No.49840283]

>>49840182
the last LINK withdrawal (25 mins ago), received 54.2% of their LINK back. and nothing else. i dont think we will ever see an in person appearance at an event from bancor employees - calling that right now.

[Anonymous No.49840348]

>>49840280
ok thanks Rick from bancor. he is withrdawing it because bancor is a ponzi scheme and he clearly didnt realize that before. expensive life lesson, but he'll recover. Imagine your preferred brick and mortar bank telling you "thanks for your deposit but we need the money right now and if you took it back we will only give you half of it at most. its not our fault its the markets fault!"

[Anonymous No.49840349]

>>49840145
Imagine the long noses

[Anonymous No.49840381]

>>49840097
>>49840117
>>49840145
Goddamm I'm so glad I didn't fall for the cefi meme

[Anonymous No.49840414]

>>49840145
Did he not get the remaining amount in BNT?

Also how is there so little in the pool? I didn't think anyone actually used bancor to buy.

[Anonymous No.49840478]

>>49840414
thats 22k ETH pending withdrawal - a separate account. no fren, didnt you see the news? Bancor promised IL protection, people deposited, fast forward to yesterday - there is no longer IL protection, and there is no time frame for when or if it will be re-established. you can listen to Mark make excuses for 2 hours straight here
>https://twitter.com/Bancor/status/1538662297635282949
>>49840349
kek they put Pinocchio to shame
>>49840381
always trust your gut, good job

[Anonymous No.49840503]

>>49840478
By 'long noses' I mean the jew of Celsius, stealing funds of their users to rape Bancor.

[Anonymous No.49840516]

for the record, i warned people for the last few months that something like this would happen. I thought linkpool would be the catalyst, i can admit i was wrong on that.

[Anonymous No.49840526]

>>49840145
That was probably Celsius wallet you stupid nigger cunt faggot

[Anonymous No.49840530]

>>49840516

[Anonymous No.49840538]

>>49840097
People deserve to be scammed for their stupidity.

[Anonymous No.49840563]

>>49840503
>>49840526
bancor damage control has arrived. good morning Rick and Mark. yep, always make sure to blame someone else for your problems amirite? maybe you should have designed a system that actually works?

[Anonymous No.49840576]

>>49840538
no, and thats a jewish line of thinking btw. recalibrate

[Anonymous No.49840608]

>>49840563
Celsius stole their users funds to rape Bancor.

Now they got double jewed.

Its on them. Fuck Celsius.

[Anonymous No.49840623]

interestingly the only withdrawal of LPL from v3 so far did not suffer any IL. maybe LPL bros still have a chance to jump ship

[Anonymous No.49840632]

>>49840563
No nigger I am a shrimp with ~3k on Bancor. I’m not an idiot who put his entire networth in crypto. If I lose my 1 eth and 150 Link, I’ll just get more. I make 100k a year wfh and my wife has huge tits. Suck my cock

[Anonymous No.49840657]

>>49840608
nice spacing. no the blame is on the protocol that couldnt handle it, which was bancor. Bancor was exposed as a ponzi, clear as day. we can do this all day long Mark. YOU are to blame and if you think people will forget you are mistaken.
>muh its Celsius' fault because they provided liquidity to Bancor and then chose to remove that liquidity
imagine the cope going through your head

[Anonymous No.49840697]

>>49840576
So we need regulations?

[Anonymous No.49840709]

>>49840632
so you got a wife and youre begging men on an anonymous forum to suck your dick? thats gonna be a yikes from me pal. congrats on making 100k (and bragging about it) in the current year.

[Anonymous No.49840724]

>>49840709
Top cope from a perma virgin incel. You will die alone hopefully soon.

[Anonymous No.49840733]

>>49840697
i hate governement so i would not be rooting for that. we just need bulletproof smart contracts, not platforms that promise yield and then need to do shady shit to generate it. Unironically of course, chainlink solves this problem

[Anonymous No.49840752]

>>49840657
>imagine the cope going through your head
Happy about those jews protecting my BNT stake and fuck those others jews.

[Anonymous No.49840755]

>>49840724
GUYS LOOK HE HAS A WIFE WITH BIG TITS AND MAKES 100k PER YEAR. keep up the name calling it makes you look extremely astute

[Anonymous No.49840759]

>>49840632
So today you decided to open up biz, brag about the fact that you have less money than a thirdworlder, call yourself a shrimp and have a fat wife. Kek, the absolute state.

[Anonymous No.49840762]

>>49840145
it was celsius

[Anonymous No.49840780]

>>49840755
Ngl it was a bit cringe. What the fuck did he even post that shit o here

[Anonymous No.49840785]

>>49840752
ahh a classic case of thinking one jew is better than another. as their little book says, if you aint a jew, you're a goyim and goyim's purpose is to be exploited for the benefit of the jew

[Anonymous No.49840798]

>>49840762
It was your terraluna-tier shit design.
>its your fault for using the protocol as it was intended!
such a fucking retarded cope

[Anonymous No.49840834]

>>49840785
How to kill two jews? Put a pseudo decentralized protocol with impermanent loss protection between them and watch the fight.

[Anonymous No.49840857]

>>49840780
kek if i had to guess due to the timing, its because its monday morning and he is at a job that he hates.
>>49840762
so if you have a lot of money, and use bancor to earn yield, you are then not allowed to withdraw? all Celsius did was expose a flaw in bancor. Kek a twitter cap of clg. nice.

[Anonymous No.49840860]

>>49840798
any protocol could suffer from a bank run, but to purposely do it and then have shorts open on it is just planned murder. bancor stopped the death spiral and theyre forcing celsius to take the L

[Anonymous No.49840891]

>>49840857
they did more than just withdraw a large amount all at once, they took their bnt afterwards and started systematically dumping it, with a short open on FTX

[Anonymous No.49840918]

>>49840759
KEK this really is a special place isnt it
>>49840834
like a modern day gladiator ring of sorts
>>49840860
again that sounds like a lack of foresight on behalf of bancor. maybe they shouldnt of had a token that can be shorted in the first place. idk, i cant solve all their problems.

[Anonymous No.49840922]

>>49840348
>he is withrdawing it because bancor is a ponzi scheme
why did he put it in in the first place then if he knows it's a ponzi. For crypto to be a ponzi the price would need to never go down. I'm not defending them pausing withdrawls or whatever they did, i'm just saying that guy is a retard

[Anonymous No.49840934]

this is based i hope they lose everything

[Anonymous No.49840951]

>>49840922
plenty of people fell for the bancor yield meme. i've always slept better at night with my stuff in cold storage. ill earn yield when i can stake my link on a chainlink node (linkpool specifically)

[Anonymous No.49840976]

>>49840145
Smart guy.
5000 eth is better then 0

[Anonymous No.49840979]

>>49840918
they said theyre going to put safegaurds to prevent this in the future, they have been very public/open about all of this and hosting spaces every couple days to keep the community updated. the death spiral narrative is off the table as long as BNT minting is paused and they said theyre probably going to allow people to systematically withdraw slowly when its turned back to protect the protocol. given the circumstances its probably the best we could hope for and i do wish bancor the best as a protocol.

[Anonymous No.49840999]

>this was the most posted bancor meme of 2017..

[Anonymous No.49841048]

>>49840860
>any protocol could suffer from a bank run,
No. No they can't. The problem with Bancor is the BNT minting mechanism. This would never happen to any other DEX, this would never happen to AAVE.

[Anonymous No.49841053]

>>49840414
>he doesnt know
Bancor turned off the il protection "for a short time"
Now everyone on it has a tough choice to make.
Either exit before it empties with 59% or risk yout entire stack and cope you can leave with your full amount.

Shit like this obviously destroys all trust in them so theres a good chance it will never recover

[Anonymous No.49841095]

>>49840979
This

[Anonymous No.49841125]

>>49840280
Defi is a scam, not a product. There is a reason defi had shit performance compared to every other crypto „sector“ even during the bullrun.

[Anonymous No.49841186]

>>49840979
It's hard to believe people are still defending this shit. They have lost all confidence and credibility, I unironically trust Pancakeswap more than these kikes now. There is a reason people are taking 50% haircuts totalling millions of dollars to get out now. That's because it's going to zero. There is no safeguard they can put in place to stop this because it's how the protocol was intended to work. What they did not intend is for everyone to see that the emperor has no clothes.

[Anonymous No.49841198]

>>49841186
they can limit whales withdraws

[Anonymous No.49841222]

>>49841053
>exit now with 59% loss
>exit later and hope
I'd take the loss, this is a bank run
next step:
>buy the tokens guys! we can squeeze the evil short-sellers, we're all in this together!

[Anonymous No.49841223]

>>49841186
>>49841198
They are not closing us out, just limiting some super kikes.

[Anonymous No.49841235]

https://twitter.com/LinkSemper/status/1538866719179128832

uh-oh..Rick playing dumb

[Anonymous No.49841303]

i dont have any chainlink or bancor but I want to know what happened here

some kind of run on the bank? please explain I dont understand thanks

[Anonymous No.49841353]

>>49840478
WTF is an impermanent loss protection and why do some have to drop half their link to withdraw?
I demand tard spoonfeeding.

[Anonymous No.49841414]

>>49841186
>There is a reason people are taking 50% haircuts totalling millions of dollars to get out now. That's because it's going to zero
How could it be when Bancor now holds half of those people's money?

And those Celsius shills seem to be panicking

[Anonymous No.49841420]

>>49841303
>>49841353
oh great, it's the retard squad...

[Anonymous No.49841455]

>>49841420
Well... proof you aren't one of us and explain it then ableist.

[Anonymous No.49841492]

>>49841420
ok
I literally havent even heard of bancor in years, had no clue anyone was even using it

I made this image back in 2017 btw lol

[Anonymous No.49841510]

>>49840097
Anons, I sold all my Bancor last year for fat profits. I left about 50 coins for shits and giggles. It's worth like $30 now - should I just offload it and pocket the change, or should I hold in case some scamwhale pumps this again down the track?

[Anonymous No.49841571]

>>49841414
bancor doesnt hold shit. the half that people could not withdraw is gone. people traded for it. thats how a liquidity pool works. thats the impermanent loss made permanent. people who staked in bancor were sold a bill of goods while they provided their link and eth liquidity for people to trade and then withdraw. that liquidity they provided is simply gone and they are left holding the bag as the ponzi unravels. you can do as much damage control and blaming celsius as you want, ultimately bancor is flawed and the flaws are being exposed and those who participated are paying the price

[Anonymous No.49841590]

>>49840632
>I make 30k per year with “70k” of “equity”
>my wife is fat
Ok thanks for the update anon

[Anonymous No.49841596]

Nature is healing.

[Anonymous No.49841639]

>>49840976
based
>>49841053
agreed all trust is lost. Someone asked that same question on the Spaces last night "how are you going to rebuild trust" and then mark talked for 7 minutes about anything but that.
>>49840979
well good luck to them i guess.
>>49841186
kek
>>49841222
CHECKED. it was quite the clever way to stop the BNT price from approaching negative value. What causes BNT to be printed? IL protection. oh lets just shut that shit off then, problem solved.
>>49841303
>>49841353
ok Patrick the star and friend, must be a nice rock you are living under! The long story short is this
>people owned assets, like ETH, LINK, etc and wanted to earn yield on them
>they trusted bancor v3 to earn this yield for them by depositing, or giving them their assets
>v3 promised 100% impermenant loss protection which means in theory if you are removing your assets from bancor, if they cant give you 100% of your eth, link, etc, they will make you whole by giving you the rest in their shitcoin called BNT
>theres a 7 day wait period between when you initiate a withdrawal from bancor and when you can actually withdraw it
>bancor sees 30k ETH, 4m LINK pending withdrawal and says nonononono
>"pause" impermentant loss protection, so people are forced to decide if they want 50% of their deposit back or to leave it on the protocol and hope the protocol doesnt go tits up

[Anonymous No.49841642]

>>49841571
>thats the impermanent loss made permanent
no, it's not, if (i'm not saying it'll happen) bnt recovers against paired tokens the loss will be reversed

[Anonymous No.49841677]

EVERY LINK HOLDER WAS WARNED
WE SPOON-FED YOU EXACTLY WHAT WAS GOING TO HAPPEN AND ORGANIZED JULY LAST YEAR TO GET YOUR SHIT OFF
instead you'd rather have some APR while they short your investment to be worthless, but better than that, you'll never get it back

You deserve everything

[Anonymous No.49841685]

>>49840478
even so, shouldn't be people getting some BNT too with their LINK or ETH at least?

[Anonymous No.49841701]

>>49841571
That's what a lot of people don't realize yet.

>>49841642
Yeah, and if Mt Gox returns all that BTC, and if USDT recovers its peg, and if... it's fucking over. They have lost all trust, who would stake with them after this?

[Anonymous No.49841730]

>>49841685
no bancor changed the rules in an attempt to influence behavior. no more BNT printing, which is why the price of BNT has stabilized.

[Anonymous No.49841738]

>>49841685
They have paused that to prevent a BNT death spiral, much in the same way Do Kwon disabled the chain to prevent trillions of luna printing. This is a catastrophic failure that is going to send shockwaves through all crypto once people fully grasp what is happening.

[Anonymous No.49841751]

>>49841571
>>49840976
What is the worst that can happen? I will always get my LINK back, with or without ILP.

[Anonymous No.49841761]

>>49840145
or maybe it's such a big player that they figured it's better to take whatever you can right now and lawyer up later because Bancor is insolvent. It's not like Bancor is going survive out of this without a class-action.

[Anonymous No.49841865]

>>49840348
kek

>>49840922
well maybe they thought that a company would respect the contract and wouldn't steal their money? You know that if a company doesn't pay its debts they will be foreclosed, right? And you do realise that someone with that much eth will clearly sue them eventually.

[Anonymous No.49841881]

>>49841639
Thanks for explanation.

[Anonymous No.49841894]

>>49841751
Kek, have you not been reading or comprehending what anons are telling you? They are paying people out half of their native token positions in some cases, and people are still taking that because x/2 is still better than 0. They don't have everyone's full amount. The first to leave will get maybe half their positions, what do you think will be left in another week or two?

[Anonymous No.49841958]

>>49840097
Yeah it's over for Bancor. If people are taking 50% losses and still pulling their money, the run is on.

[Anonymous No.49842047]

>>49841894
I agree with the decision to fight of Celsius and fuck those kikes.

They have been open around it, this bank-run scenario is not going happen. Even if they have 20% of the original liquidity of the LINK pools left, they are still the biggest AMM for LINK tokens to swap on a DEX.

Meaning, that the ILP eventually will come back. Rewards will stay high during all of this.

[Anonymous No.49842048]

>>49841222
There is never any significant shorting in crypto so there can never be any meaningful short squeezes in crypto.

[Anonymous No.49842107]

>>49840762
>>49840891
it's been evidently clear that celsius pulled out and obviously sold their bnt because they needed liquidity in another asset that they use as a collateral on their own loans. this has happened already, why the fuck you think the price fell 60%???
And so what who it is, of course allowed to pull their capital if they want, it’s not a fucking charity.

I would also like to see these "two sources" that think that celsius is making millions out of shorting bnt with these thin order books everywhere. Why do you think their thin btw? could it be that if people would be able to withdraw they would get mostly bnt and the price would start crashing?

the story is most often the most obvious one: shit dribbles down.
>celsius falls in trouble
>they pull out their liquidity from bancor
>bancor realise they’re idiots for accepting such a big single liquidity provider to their ponzi scheme
>ups now bancor is in trouble
>shit keeps dribbling downwards
>the users get rekt and the ponzi collapses

right now bancor is trying their best to manipulate the market because every single bnt that leaves their service will be sold in the market (and they are out of other assets, so you’ll mostly get bnt). look at the order books and volume, do you think there are people buying bnt, do you think there are “institutions” buying bnt? hell no, who in their right mind would do that?? it's only bots and bancors desperate laddering, fucking orders for 0.0005 bnt.

[Anonymous No.49842155]

>>49840632
>shrimp
>150 link
haha you're a fucking mollusk.

[Anonymous No.49842178]

>>49842047
Fuck all the LPs because Celsius used the protocol as intended? I have news for you, the bank run is already on, we're viewing it in real time. The other half of the issue, and why bancor wouldn't have survived long regardless of this, is that no one uses it to swap. No one used it in v2, and no ones uses it in v3. People only held there for the rewards, which are gone now, and the fees are shit. People will have ended up losing millions of ETH and link for a measly 3% APY. You think that isn't going to give someone pause before they LP on bancor, especially now in light of this. They are 100% finished, I just hope it's worth something by the time I'm able to sell.

[Anonymous No.49842183]

>>49842047
>Even if they have 20% of the original liquidity of the LINK pools left
lmao what the fuck, that's your "even" scenario?
try 2% retard and even then it's extremely optimistic
>AMM
nobody uses bancor for swaps
>the ILP eventually will come back
doesn't matter, the precedent has been set
advertising your IL protection when it can be revoked at will at any point is worth less than dirt
also people don't really give a fuck about ILP if it means they lose 50% (or more) of their stack, instead receiving it in your shitcoin
>Rewards will stay high during all of this.
paid in your hyperinflated shitcoin that needs outside intervention not to hit 0 kek

posts like this make me feel 0 sympathy for you kikes, nor for the goyim who fell for your scam
you will all get what you deserve

[Anonymous No.49842241]

>>49840657
this.
the whole
>big bad celsius
narrative is ridiculous. if anything, celsius was the smart one in this scenario, they saw a hedge for some of their holdings and bancor was stupid enough to accept. but on the other hand, let's not forget that bancor profited from this deal immensely as well, all that liquidity brought more traffic, more fees and thus more revenue to the owners of bancor. in the end the only person _really_ losing is the user, alongside of the ego of marky mark.

[Anonymous No.49842269]

>>49840097
Could it be that all these people getting ultra rekt missed the memo? I mean not everybody is 24/7 on /biz/ and twitter to see what's up, and they clearly wanted to withdraw 7 days ago. So maybe they just went through with it, without knowing that IL protection was off? Could this be?

[Anonymous No.49842293]

>>49842241
I never thought I'd say it, but the space needs oversight, if not regulation. It's not like a publicly traded company, they don't have to show their books or distribute prospectus. Seeing such a large chunk of LP (single sided, no less) would have given people pause. These guys should all be facing fines and prison sentences.

[Anonymous No.49842329]

>>49841677
>EVERY LINK HOLDER WAS WARNED
>WE SPOON-FED YOU EXACTLY WHAT WAS GOING TO HAPPEN AND ORGANIZED JULY LAST YEAR TO GET YOUR SHIT OFF
>instead you'd rather have some APR while they short your investment to be worthless, but better than that, you'll never get it back
>You deserve everything
it does seem the stinkylinky fags had the right idea, but it wasn't becuase there shitcoin released staking, its because the market is over leveraged fucking everywhere and the whale ponzis(celsius) are failing and the waves are going to kill everything.

[Anonymous No.49842331]

>>49842269
No, they removed ILP retroactively, meaning that even though the decision was made and implemented last night, if you started your withdrawal five days ago, before all of this, you still would not receive it. These guys are criminals.

[Anonymous No.49842367]

>>49840349
It was indeed the night of the long noses

[Anonymous No.49842370]

>>49842331
I know that's what I mean, maybe some of these people didn't even notice that IL protection was turned off and assumed they'd get their entire value back and got giga scammed. That would be by far the worst thing that could happen and if that's true, Mark and his team are going to Israeli jail

[Anonymous No.49842411]

>>49842370
They saw that they were not going to be paid out in the token they LPed, but they are able to cancel the withdrawal. That they aren't doing that speaks volumes.

[Anonymous No.49842437]

>>49842370
when you click "withdraw" you get one final overview of what you will receive
i doubt that there are people out there who would absent-mindedly just click withdraw without checking the details
i believe they simply decided to lose 50% rather than lose everything
the idea that what's currently happening is just a minor inconvenience and that everything will go back to normal once ILP is restored is hilarious

https://etherscan.io/token/0x516c164a879892a156920a215855c3416616c46e?a=0x857eb0eb2572f7092c417cd386ba82e45eba9b8a
bank run on bancor LINK ongoing
people don't give a fuck about losing 50%, they just want out
at this rate they will have to go giga-kike mode and completely freeze withdrawals

[Anonymous No.49842478]

>>49841865
>well maybe they thought that a company would respect the contract and wouldn't steal their money? You know that if a company doesn't pay its debts they will be foreclosed, right? And you do realise that someone with that much eth will clearly sue them eventually.
how is pausing IL protection stealing money ? Did you even read their announcement ? People can withdraw but they won't get IL protection. There's no deposits at all either which isn't really something a scammer would do. Also, it's temporary
https://blog.bancor.network/market-conditions-update-june-19-2022-e5b857b39336
It's outlined here in BIP21
https://gov.bancor.network/t/bip21-dao-multisig-intervention-policy/3504
The users either already did or are in progress of voting on the IL pausing anyway. So like i said, if that millionaire guy knew all this and still withdrew his money at a huge loss then he's retarded for investing it in the first place because bancor isn't doing anything outside of what they've already told people they would do

[Anonymous No.49842501]

>>49842183
>nobody uses bancor for swaps
Get automatically routed there by protocols like 1Inch

>also people don't really give a fuck about ILP
You seem to care

>paid in your hyperinflated shitcoin
Paid in-kind (ETH for ETH and LINK for LINK)

>you will all get what you deserve
We will and Celsius gets a class action lawsuit in the US. Bancor gets nothing in Switzerland as they were acting within their terms of agreement.

kek

[Anonymous No.49842550]

>>49840632
Can I suck your wifes cock?

[Anonymous No.49842553]

>>49842478
>promise impermanent loss protection
>snatch it away retroactively when you get caught with your pants down and only possess a fraction of the liquidity provided to you
>H-HOW IS THAT STEALING, GOY!?
Gradually, I began to hate them.

[Anonymous No.49842558]

Bancor can really pay shills well with their users' money huh?
No (you) for the future inmates

[Anonymous No.49842560]

>>49842501
>spacing
>"kek"
ah i see now you are getting paid per post spammed
there are no longer any quality standards, you just try to spam threads
don't worry i know how to deal with kikes

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

[Anonymous No.49842580]

>>49842560
Holy shit those names have noses so big they don't even need a comma

[Anonymous No.49842601]

>>49842580
Excuse me,
>holy shit Hertzog those names have noses so long Levi you don't even need commas
Sorry for my shitty grammar guys

[Anonymous No.49842605]

>>49842580
these names are the ones you don't even need to bother with the early life sections

[Anonymous No.49842610]

>>49842560
>Galia Benartzi, Guy Benartzi, Eyal Hertzog, and Yudi Levi

I won't deny they are a bunch of kikes, but this time they kill off the bigger kike.

[Anonymous No.49842639]

>>49842610
yes and they will go down with them lmao
works for me, the more dead kikes the better
not so much for you bancor shills
maybe the ones who are legitimately invested will also follow them to the grave once they realize they lost everything
"kek"

[Anonymous No.49842651]

>>49842478
mark pls

>how is pausing IL protection stealing money ?
are you seriously this retarded? if i make a contract with you to take your money and give you money + interest back whenever you want, and when you come to ask your money I only give 50% back, and just say "aaah sorry bro you can either have this or some more in a later, idk when but don't worry I totally have it all really, you'll get ok. but can't really tell when, and you might get it in a monopoly money i drew myself".

>there are no deposits
who in their right mind would deposit there lmao???

>bancor isn't doing anything outside of what they've already told people they would do
apart from the very service that they promised to the users to get them on their platform in the first place.

[Anonymous No.49842728]

>>49842553
don't you ever read the fine print of anything ? You just hand over millions of dollars without reading the conditions of what you're investing in ? They're not taking or spending people's money. I've never even owned any bancor but you guys are retarded lol

[Anonymous No.49842743]

>>49842478
>https://gov.bancor.network/t/bip21-dao-multisig-intervention-policy/3504
>add a clause that you can do whatever in any moment and then ask if it's ok from the rest on a further date
>muh dao
I'm not surprised that there is still no dao vote on the decision to stop withdrawals

[Anonymous No.49842758]

>>49842728
>they don't take or spend other people's money
WHAT THE FUCK?! please tell me you're not willingly this retarded. Do you think those yields come out of thin air and all these CEXs have been having the same issues getting liq'd with locked liquidity. THEIR CUSTOMER'S LIQUIDITY.
YOU FUCKING RETARD

[Anonymous No.49842759]

>>49842651
i've never owned any bancor you dumb nigger faggot. I don't want any of your stupid bancor. I think bancor is gay as fuck. Learn to read and you won't have these problems you're having

[Anonymous No.49842769]

>>49842437
Bancor won't go bankrupt with IL protection turned off even if everyone removes their liquidity.
It would dump the price of their token but a whale could buy it for a low price to dump on the next bull run.

[Anonymous No.49842855]

>>49842769
>Bancor won't go bankrupt with IL protection turned off even if everyone removes their liquidity
you know it's really funny interacting with kikes in times like these
they are so used to lying their entire lives, they will continue to do so even after the gig is up
they physically are unable to even feign honesty, they just keep lying to your face in the most cringeworthy manner imaginable
to any human of any other race this behavior would disgust them to the very core, but to the jew this is reality. it is his DNA. he is merely tricking the goyim in accordance to his kike nature. he isn't doing anything bad
that's why they genuinely get surprised when they inevitably get hunted

it has happened on any civilization they ever infected
how fucking delusional can they be to not expect it to happen again

[Anonymous No.49842868]

>>49840478
VC funded projects are usually contractually obligated to make their funders whole before their users. This is why Venture Capitol should be avoided in this day and age. They probably have an NDA with whoever they shot themselves in the foot for. So there was no way He could tell you the truth in the first place. The question is whether the malicious shorter is Celsius or the VC fund that gets to rape everyone in the fucking ass anyway. Or maybe they're both the same person! fucking kek.

[Anonymous No.49842928]

>>49842855
Checked, based, redpilled.

[Anonymous No.49842948]

>>49842743
>>49842758
why is noone in their forum complaining ? It's just you fags crying about it. It probably takes some time to put together a dao proposal, it was only paused 15 hours ago

[Anonymous No.49842995]

>>49842948
Idk go ask them faggot I'm here

[Anonymous No.49843015]

>>49842948
https://www.reveddit.com/v/Bancor/

[Anonymous No.49843029]

>>49842948
Their forum is probably fake anon. The forum users were probably paid pajeets and interns. But people crying? you got a Link?
Oh yeah that's right, None of you have any Link anymore.

[Anonymous No.49843047]

Is it really over for Bancor? Like this is the end?

[Anonymous No.49843053]

>>49843015
BAHAHAHA would you look at that
It's almost like these voting systems are all fucked and don't work
>why don't you make a proposal
This is why.

[Anonymous No.49843064]

>>49843015
>https://www.reveddit.com/v/Bancor/
The reddit jew strikes again. It's almost like they all work together as a cohesive group to fuck over goyim.

[Anonymous No.49843090]

>>49843029
>None of you have any Link anymore
hey man what the fuck no friendly fire

[Anonymous No.49843120]

>>49843047
Would you stake with them after this? Make sure to share some of those gains with Solend while you're at it

[Anonymous No.49843153]

>>49843047
Just ask yourself if you would feel comfortable LPing on bancor after this. I think that will answer your question.

[Anonymous No.49843164]

>>49843090
sorry

[Anonymous No.49843193]

>>49840623
But where can i buy it from now? Theres no lpl liq on uni last time i checked.

[Anonymous No.49843195]

>>49843090
>https://www.reveddit.com/v/Bancor/
>friendly
Not your keys not your Chainlink. You faggots were warned. We're not your friends, you made a shitty deal with the jew and now you cry about friendly fire. Enjoy being stabbed in the back.

[Anonymous No.49843260]

did the spreadsheets since the bancor announcement (just 15 hours ago)
~60k LINK already withdrawn
~900k LINK in initiated withdrawals
~160k LINK of initiated withdrawals cancelled
165 transactions in 15 hours

note that before this shitstorm, the "normal" was roughly 4-8 transactions per day

what i get out of this situation is that people want to get out of there so bad, they are ready to lose 50% of their stacks
they have 0 trust on the platform and i can't say i blame them

[Anonymous No.49843305]

>>49843015
lmao and there i was wondering why the place is so dead with basically 0 activity
they ban or delete 95% of comments kek

got the jewish treatment

[Anonymous No.49843387]

So when do I buy BNT? Will the minting stop? Is there a burn

[Anonymous No.49843636]

>>49843260
Where can I check this myself?

[Anonymous No.49843679]

>>49840097
Love to see an intelligent thread on /biz/ for once. Cheers to you Anon 6VU3IDld. Another ponzi bites the dust.

[Anonymous No.49843778]

>>49840117
lmao only 4 million, he is ngmi

[Anonymous No.49843788]

>>49843636
you can calculate it from etherscan
https://etherscan.io/token/0x516c164a879892a156920a215855c3416616c46e?a=0x857eb0eb2572f7092c417cd386ba82e45eba9b8a

[Anonymous No.49843833]

>>49843788
Nice, is there like a tool you can use to check this automatically?

[Anonymous No.49843842]

>>49840182
And what if this is all Bancor fud so they/friends can collect the $4.2m and others? It’s not like that eth burned.

[Anonymous No.49843861]

>>49840348
they do that all the time, but US government is there to bail them out so they can't lose

[Anonymous No.49843886]

>>49843833
at the bottom right you can use the csv export tool to get the spreadsheets

[Anonymous No.49843922]

>>49843842
lol you still dont understand. that eth is gone. its a liquidity pool. people traded for it and therefore it was withdrawn. IT DOES NOT EXIST IN BANCOR ANYMORE. IT IS GONE.

[Anonymous No.49843956]

>>49843260
https://etherscan.io/tx/0x6d38c998556d28328dc56d9d707db9b1077e2b0ef5c56942c18f08250c237798
last link withdrawal btw
13k link, only got 7k back

he knew he would lose 6k link, but he didn't care
he chose to lose almost half his stack instead of losing everything

[Anonymous No.49844034]

>>49843956
Bet most of these people are people who started the withdrawals prior to the IL stop, and didn't see to stop it.

[Anonymous No.49844035]

>>49843886
Nice, how did you filter it from the original withdrawal contract?

[Anonymous No.49844075]

This guy is in the telegram he just sold lol
Are they really not even going to TRY to make user whole at all wtf is this

[Anonymous No.49844081]

>>49843842
>bancor has 100 ETH from LPs
>they swap 80 ETH for BNT to someone using the protocol
>people try to withdraw their ETH but now there is only 20 to give them back when they expect 100
And before, the difference would have been made up in BNT, ideally a small amount beca withdrawals werent insane, but they have paused this. That's why people are getting half their positions back. Please tell me you understand now.

[Anonymous No.49844172]

>>49844075
They can't. They literally don't have it. It's how the protocol was designed.

[Anonymous No.49844179]

>>49844034
>and didn't see to stop it
you get a detailed view of what you are going to get before you click "withdraw"
also they added a disclaimer in big red letters
it is extremely unlikely that even a single person withdrew without realizing what's happening

[Anonymous No.49844214]

>>49841235
Imagine the bank freezes your withdrawals, and when you call them, they say, "Let's see YOU build a better bank."

[Anonymous No.49844229]

oh so that's what they meant by "Bancor Vortex"

[Anonymous No.49844302]

>>49842241
>in the end the only person _really_ losing is the user, alongside of the ego of marky mark.
agreed and based
>>49843193
you can still buy LPL on bancor. i acquired a few hundred more the other day. bancor is fine to use for swaps i would say. i only use it to get more LPL since as you said theres no where else.
>>49843260
based spreadsheet
>>49843679
based
>>49843842
well i think we are past calling this all fud arent we? we were saying for days it would collapse and then they go and change the rules of the game

[Anonymous No.49844337]

>>49842553
I never understood how this is supposed to be IL protection. So instead of depending on one funny money token not going down, you just depend on THEIR funny money token not going down? It's just a bait and switch.

[Anonymous No.49844396]

so can someone give me the basic gestalt on celsius definitively being big bad?
were they putting there treasury in bancor?
and now the collapse is on and people are pulling out of celsius so celsius needs to pull its tokens back out?

[Anonymous No.49844471]

>>49844396
celsius had link on bancor
celsius wanted their link back
bancor devs decided that celsius made a good distraction for the goyim and started blaming them
there is also some """rumor""" about celsius shorting bnt, to this moment there has been absolutely 0 proof whatsoever

basically bancor is trying to distract people from how their protocol failed organically (as a result of a bear market and people naturally wanting to get their funds back)
they try to make it sound as if they suffered an exploit or a coordinated attack

[Anonymous No.49844485]

>>49844396
It's a matter of interpretation. Celsius put a huge chunk of treasury on Bancor and them pulling everything put the Bancor platform at risk. Then they shorted BNT at the same time knowing they would rek the platform by mass withdrawing
But is that "bad"? Isn't the whole point of a DeFi platform that it's big enough for whales to use it? Don't you WANT whales to use it? If you're not designing around worst case scenarios, in crypto of all places, then wtf are you even doing. This is notable in that it wasn't even a particularly hostile move. It's not like Bancor got in SBFs sights and he set out to destroy it. Celsius just got cucked elsewhere and then had to pull everything. I don't see how that makes them the bad guys in this case.
Don't get me wrong, Celsius and all of CeFi are turbofaggots and terrible people, but just not in this particular case.

[Anonymous No.49844608]

i cant wait for the next twitter spaces. people were being relatively cordial still in the last one, and allowing Mark to dodge their questions by spewing 10 minutes of nonsense after each question. Remember the Spaces two days ago? Mark speculated on the price of BNT and said 'the worst is behind us' and that he expected the price to stabalize. then less than 24 hours later they pause impermanent loss, ending the printing of BNT and stabilizing the price. this was the plan all along folks. like i said before, no bancor employee will ever be seen at a public crypto event again, it would be too dangerous for them and they know it

[Anonymous No.49844684]

>>49844471
>>49844485
thanks anons.
celsius was always a ponzi and overall market collapse causing them to try and not go under.
im not blaming celsius, if anything it really shows that bancor should have deposit maxs so a whale pulling out can't collapse the protocol.
damn shame, im down alot, but i only ever staked bnt...its still on there at the moment and im now in dollars at the start of v2.1 which is tragic.
will bnt go to zero? i have 60k staked...

[Anonymous No.49844738]

>>49844608
BNT has been mooning ever since they paused IL. That’s because, unlike the people spreading FUD, the real investors understand that this move saved Bancor. If they hadn’t done that, the whole thing would have gone insolvent. This move saved them and the market is rightfully bullish on its value.

[Anonymous No.49844769]

>>49844684
BNT won't go to zero now that they have cancelled IL protection payouts, but it's almost impossible to envision how they would actually move from this to a position where demand for the token outstripped desire to gtfo the platform.

[Anonymous No.49844811]

>>49844769
>BNT won't go to zero now that they have cancelled IL protection payouts, but it's almost impossible to envision how they would actually move from this to a position where demand for the token outstripped desire to gtfo the platform.
yeah, i guess i don't see it going to zero, but it not impossible. the question is how low will it go and will it ever recover?

[Anonymous No.49844838]

It all makes sense for this constant Bancor FUD, right now there are 3 posts about Bancor and it's been going for the past few days.
You don't see the same level of discussion for Solana and Solend or Celsius blocking withdrawals.

The culprit is Celsius, they took advantage of Implementation loss to market sell BNT and simultaneously short BNT to make bank, now they are creating FUD posts against Bancor for people to panic sell.

[Anonymous No.49844869]

>>49840280
Bancor pulled a 180 and pulled back the only feature that made their protocol worth. Of course that destroys all faith

[Anonymous No.49844934]

>>49841571
this
they either need a bailout or fold, but in either way they have no future after this. as soon as that ILP bnt gets released this house of cards folds instantly. they are trying to find a scapegoat from celsius, but celsius has absolutely zero involvement of how they built their protocol, and has actually done nothing wrong in terms of using their services. I hope they'll at least go out gracefully and fold their business to partly compensate the users (you know, like it would work in regular business world).

[Anonymous No.49844938]

>>49844811
>will it recover
Think of it this way. If Bancor didn't halt IL payouts then BNT would have gone into hyperinflation and the protocol would have simply died. GG. Game Over.

This way they "saved" the protocol, but at what cost? Their main point of difference and unique selling point was IL insurance, and at the time when people needed it most, they turned it off. That is an insanely massive blow to their reputation, which was far from pristine in the first place given the slow delivery of v3 and the lack of clarity about how it was all actually going to work and be sustainable.
It's not just a hit to the team, but to the twitter shills who were crowing about it being a nothingburger right up to the point that it happened, and above all to all the people they got on board who wanted "safe and IL protected staking" and who didn't end up getting either.
They might be better off than dead, but not by much. How do you even begin to restore confidence after something like this?

[Anonymous No.49844939]

>>49840182
>heh, keep my $4m
>I win

[Anonymous No.49844966]

I withdrew my LINK and didn't get the full amount back and didn't get BNT compensation either. Why?

[Anonymous No.49844977]

>>49844684
clearly you will lose most of it. i'm sorry anon. this kinda shit just makes me so angry :´(

[Anonymous No.49845038]

>>49844738
no its clearly because they stopped printing MILLIONS OF BNT PER DAY. nice try though
>>49844966
they changed the rules - no impermanent loss until further notice. with jews, you lose

[Anonymous No.49845055]

>>49844938
they haven't saved anything...they pressed pause to try to get more time, but it will run out eventually.

>>49844939
>>49844966
don't you still get it? they don't have it. they don't have your link, that's why you're only getting a part of it. that's why someone would pull out only 6 mil instead of 4 mil, bancor didn't get to "keep" the 4 mil, because they didn't have it in the first place.

[Anonymous No.49845066]

>>49845055
>don't you still get it? they don't have it. they don't have your link, that's why you're only getting a part of it. that's why someone would pull out only 6 mil instead of 4 mil, bancor didn't get to "keep" the 4 mil, because they didn't have it in the first place.


How did they lose it?

[Anonymous No.49845113]

>>49845055
not disagreeing with that, anon, i mean "saved" in temporary terms

[Anonymous No.49845137]

pic related is the latest LINK withdrawal. only 53.3% LINK. like i've speculated before, it seems to be dropping .05%-.1% everytime someone withdraws. people are soon going to have to make a choice if they want 40% of their LINK or to leave it on the platform.

[Anonymous No.49845139]

Why are people picking the worst possible time to withdraw. Like objectively there isn't a worse time
I can understand a large company like Celsius because they need to be liquid right now but why are you removing your 1k, 10k stack?
Literally the best thing to do is nothing and you can't even do that
But whatever stupid people in the space is why I make money

[Anonymous No.49845150]

>>49845066
(im)permanent loss.

[Anonymous No.49845155]

btw some people seem to get their stacks away, just not us. wtf wtf wtf, I bet they're pulling out their own money!!!
reeeeeeeeeeeeeeeeeeee

[Anonymous No.49845160]

>>49840097
fuck jannies they suck

[Anonymous No.49845187]

>>49845066
impermenent loss
and swaps

[Anonymous No.49845224]

>>49845066
>>49841571

[Anonymous No.49845233]

>>49840632
Post the tits of your bitch stupid fking faggot

[Anonymous No.49845239]

>>49845139
because in the end, there will only be worthless bnt left in the pool

[Anonymous No.49845246]

>>49844034
Cope 50% > 0%

[Anonymous No.49845256]

>>49845155
Have the big Celsius withdrawalsgone through yet?

[Anonymous No.49845301]

>>49845139
because you are low IQ
anyone who is in bancor right now has a genuine chance of losing everything
it is not a matter of "just wait bro xD" it is more of a matter of betting whether bancor will die or not

bancor physically doesn't have the link for stakers to get out of there. a staker can only get out fully with the BNT minted from ILP
but they had to disable ILP because of hyperinflation
and the percentage keeps getting lower and lower. right now it is 50%, soon it will be 30%
bancor will not suddenly generate link out of nowhere when that happens. people will still want out. BNT will still by uber-printed

[Anonymous No.49845302]

>>49844738
They literally stole (i.e never going to pay back) ~50% of people's stacks. Of course the token is mooning in response lmao

[Anonymous No.49845424]

>>49844738
lol, one look at the order books shows it's only bots trading with some additional laddering from "someone". are you surprised that there's no downwards price action when a centralised entity confiscates the assets of the investors when they want to sell?

[Anonymous No.49845487]

>>49845424
OUTTA MY WAY FUDDER
BNT IS CLEARLY MOONING
+0.4% AGAINST ETH
TOOOO THE MOON
100$ BNT EOY CONFIRMED

^average bancor shill right now
i don't even reply to them, perhaps some of them get paid in (You)'s

[Anonymous No.49845656]

>>49845487
Crypto markets in general are well off the lows and have clearly found their bottom. Support has been reestablished and the markets are trending upward in response. Zoom in and you will see the recent growth, that will continue now that investors are confident that Bancor v3 is in fact a survival story. I don’t see what’s so controversial about any of this, really.

[Anonymous No.49845700]

>>49840632
faggot lol

[Anonymous No.49845718]

>>49845656
imagine being this delusional

[Anonymous No.49845719]

>>49840697
yes instead of the people of the companys stealing money from you, let the government do it! great idea redit!

[Anonymous No.49845788]

>>49840381
it was tough lasting an entire bull market as fags yelled REEE 20% and REEEE LP IS FREE MONEY
but we always have the last laugh

[Anonymous No.49845791]

>>49845656
nigga what crypto markets are you watching?

[Anonymous No.49845907]

>>49843922
>>49843922
So you’re saying Friends of Bancor/Carlotta have it.

[Anonymous No.49845919]

>>49845656
>zoom in
TOP FUCKING KEK
>I don’t see what’s so controversial about any of this, really.
bancor employee confirmed. Hi rick, hi mark. See you on the twitter space tonight. im going to download the twitter app specifically to speak with you. looking forward to it

[Anonymous No.49845941]

>>49845718
Bancor had two choices: print BNT to hyperinflation or take short-term reputation hit for long-term stability. They learned the lessons from LUNA and opted for the latter. ETH had a hard fork in 2016 and their reputation has only thrived ever since. I see this as Bancor making the mature decision and saving the protocol. This only gives investors more faith in its upside potential.

[Anonymous No.49845995]

>>49845788
checked. you knew in your gut that something was wrong with it. always remember times like this were you are proven right / vindicated.

[Anonymous No.49846023]

>>49845941
Yeah I’m sure that all the guys withdrawing now and losing 50%+ of their stacks are really going to trust Bancor in the future

[Anonymous No.49846029]

>>49841198
>decentralized

[Anonymous No.49846067]

>>49845941
>take short-term reputation hit for long-term stability
you are delusional
bancor physically doesn't have the assets to repay people properly and they will never have them

[Anonymous No.49846115]

>>49846067
There are two goons in the telegram that are saying the same thing

[Anonymous No.49846156]

>>49845941
>bancor had two choices
>print BNT to cover impermanent loss, one of the only reasons people chose to trust them with their assets
>or, change the rules mid game

[Anonymous No.49846209]

>>49846067
Who has Bancor not made whole? If you choose to withdraw when your position is down, that’s your personal decision. Anyone continuing to hold will be made while once Celsius has withdrawn their position at a loss. It’s a tough situation but Bancor passed the test, have they not? What wrong has been done here? The recent upside in the price of BNT reflects this optimism.

[Anonymous No.49846221]

>>49845066
If their counterparties actually come through, they won’t have lost it. And they’ll have taken the haircut from their LP suckers for themselves.
We can say that they’re scamming, but Bancor won’t respond by saying that the counterparties are bankrupt, even if they are. Those are their true clients.

[Anonymous No.49846246]

>>49846209
>not made whole
hello ranjeesh, you need to make your vocabulary a bit more natural sounding

[Anonymous No.49846312]

>>49846029
its a DAO, everyone is in agreement here - fuck Celsius

[Anonymous No.49846317]

>>49845719
if a govt did what bancor is doing you would literally see politicians hanging from lamp posts

[Anonymous No.49846335]

>>49844838
fuck off mark, your protocol design blows dick

[Anonymous No.49846348]

>>49846312
>everyone is in agreement here
yeah everyone in israel maybe
lmao retard

[Anonymous No.49846352]

CLU niggers get the rope

[Anonymous No.49846373]

>>49840182

[Anonymous No.49846374]

>>49846348
>should be a short term scenario
that's the sort of statement you could make in mid-air after accidentally driving off a bridge

[Anonymous No.49846379]

squids got genes is a massive cringe faggot and his fat mom pegs his asshole

[Anonymous No.49846458]

>>49846209
>>49845941
>The recent upside in the price of BNT reflects this optimism.
oh yes, I'm sure the upside has nothing to do with bots trading based on btc price action with minimal liquidity, while bancor employees make ridiculous claims in a taiwanese cartoon forum about the "upside in the price”, which is the result of a centralized entity confiscating the users assets when they want to sell.

all those "massive" sell and buy orders really boost my confidence. oh yeah, pic related.

[Anonymous No.49846479]

>>49844738
>advertise as decentralized
>halt services to "save" people
ok buddy lmfao

[Anonymous No.49846499]

>>49846209
this is literally rick barbor from bancor. you made the same argument on twitter, to no avail. see on the twitter space tonight buddy
>>49846348
KEK

[Anonymous No.49846522]

>>49846246
To “make whole” means to fulfill your end of the bargain. This is basic English. Your ignorance only reinforces the intellectual capacity of those who blindly spread FUD on Bancor, though. We can all read what you’re typing.

[Anonymous No.49846540]

bancor shills right now

[Anonymous No.49846588]

I‘m happy all the CeFi niggers are getting their asses raped.

Go to poorfag Hell CeFi Niggers!
Fuck Celsius, Fuck that Whore Jessica and Mashinsky Kikel
Fuck Bancor, Fuck the Bancor Jews with rusty nails through their short circumcised Jew dicks
Fuck Nexo, Fuck that Bulgarian Carpet Salesman and his Kike Brothers these Niggers will burn in Hell forever the fucking shitstain subhumans
Fuck all the retarded Dumb fucking NIGGERS who lost their LINK in this CeFi shit, you dumbass Niggers got warned so many times and here you are waiting for your tokens and instead you get NOTHING.
To Hell with all these CeFi NIGGERS!
DIE ALREADY!

[Anonymous No.49846629]

>>49840097
To be honest... after the news the coin didn't dropped. Actually the measure was to protect the value of the token among other things. I see it as kind of bullish for the token at least, I even bought some lol.

[OLD FAG HERE. BIG BAG AND ALL. LINK/LPL No.49846640]

>>49840097
based, warned and checked fren

Did I do that right guys?

[Anonymous No.49846661]

this whole situation is a lesson in "don't invest more than you can afford to lose". i put less than 10% of my link stack in the protocol knowing full well that a black swan type event could wipe me out. pulling liquidity now feels akin to selling the bottom after a massive dump in the market so i'll just wait it out. if bancor devs can restore confidence in the protocol (not over the course of days or weeks even, but months/years) then great, if not then i talk a small haircut on my link stack and chalk it up as a lesson in risk management.

[Anonymous No.49846691]

>>49840117
Wait a minute. I thought Bancor only had about 4.5 million Link on their entire platform.
How much is left after this withdrawal?

[Anonymous No.49846815]

>>49846499
You have not refuted any of my original points. Bancor saved their token from hyperinflation because they learned the lessons of LUNA. The price of BNT is recovering off the lows. Bancor has been responsive to the community and will restart IL protection once Celsius is gone. There is only upside here.

[Anonymous No.49846829]

>>49846691
well theres more jewish trickery at play. see here >>49845137
slowly but surely people are getting less and less % of their LINK back. soon it'll be 50%, then less, and less.
the v3 master vault only has 4m link

[Anonymous No.49846844]

>>49846067
>bancor physically doesn't have the assets to repay people properly and they will never have them
you actually don't know this as a statement of fact, but based on what we are observing its definitely possible.
bancor i am guessing for sure has its own treasury(150 million ICO @400 eth) that is not tied up in the the protocol. They would be retarded to start selling into a -90% market to save LP's that are pulling out into insane weakness.

[Anonymous No.49846856]

>>49840097
Is this an issue on v2 or only v3??

[Anonymous No.49846868]

>>49846815
you haven't made any point. you're a bancor employee and you'll never be able to show your face in public again. congrats. Bancor said one thing, did another and here you are defending them

[Anonymous No.49846872]

>>49840762
>>49840860
>>49840979
>>49841198
>>49846312
Literally kill yourself CLG.
A DEX is a DEX is a DEX, I don't give a shit about (((((((((((((((((((((((((protection))))))))))))))))))))))))), especially if it's protecting the survival of their shit protocol.
If you like this way of operating then go back to the BoomerFi FIAT world, retard.

[Anonymous No.49846909]

>>49845137
I've heard that some people trying to withdraw unavailable eth on Bancor got their entire withdrawal in the "equivalent" of BNT
That's probably going to happen to the last Link holders who choose to withdraw.

[Anonymous No.49846931]

Is there any way for Bancor to pull this out? No one is going to deposit more liquidity after this whole fiasco, and people are happy to take a 50% loss to avoid a 100% loss right now. Obviously these kikes aren't going to spend any of their treasury to bail out retail, but if they turn ILP back on BNT will death spiral and they still wont have user faith.

The only possible saving grace is that they have like 90% of the LINK liquidty on DEXs, if LINK giga pumps maybe people will take some profits and enough LINK will re-enter the pool to allow people to get out with their deposits?

How tf do they change a smart contract while it's up and running too?

[Anonymous No.49846992]

>>49846868
The entire post was making a few basic points to dismantle the FUD being spread. The great thing about having this discussion in a public forum is that everyone can see which side is making the stronger arguments. I am arguing from fact and you are arguing from emotion. The second that IL protection is back, your argument falls apart in an instant. The record will show who is in the right.

[Anonymous No.49847007]

>>49846844
>they would be retarded to give people their money back
So true schlomo

[Anonymous No.49847120]

>>49846992
the second il protection is back, bancor is done any fucking ways. no one is going to stay with them after this. bancor likely will never turn it back on because they know this. they're going to skim what they can and exit.

[OLD FAG HERE. BIG BAG AND ALL. LINK/LPL No.49847131]

>>49840097
Too soon?

[Anonymous No.49847154]

>>49847120
Did people stay with ETH after they had a hard fork in 2016 because someone found a flaw in the code that allowed them to hijack people’s wallets?

[Anonymous No.49847254]

>>49846872
meds

[Anonymous No.49847292]

>>49847254
If you're not him end yourself even harder.

[Anonymous No.49847309]

>>49847154
>comparing eth hack to bancor over reach
false equivalency you dumb dumb. and eth did crater 90% after returning stolen funds.

[Anonymous No.49847353]

furthermore, ccip makes something like bancor completely fucking obsolete. they will absolutely exit scam.

[Anonymous No.49847432]

>>49847353
ccip will make maybe 80% of the space obsolete kek
that's why they hate it so much

[Anonymous No.49847434]

>>49847007
look, i have alot of bnt, i want this thing to recover more than anyone cause i'll be fucking rich...
there is no data either way though, it really is possible they have no fucking treasury to fall back and this really is the end

[Anonymous No.49847473]

>>49846872
chill.

a million DEXs all do the same thing. why choose one over the other? features, trade fees, liquidity.

feature of ILP was one reason. it's not anymore. now it sucks.

[Anonymous No.49847577]

>>49847353
not exactly, ccip doesnt make token exchanges and trading irrelevant, it just makes keepers easier to get and out of

[Anonymous No.49847588]

>>49846815
Celsius unironically has better odds of survival than Bancor at this point. Celsius dying would also have a much bigger negative impact on broader crypto markets than Bancor dying. If I have to chose between one of them going caput, it's Bancor that's getting axed.

[Anonymous No.49847698]

>>49847473
>Here, take our ponzi token as compensation for the """"impermanent"""" loss
>>>/twitter/
>>>/reddit/

[Anonymous No.49847777]

the Chainlink youtube uploaded some fireside chat with Mark Richardson only a few days ago, and now i cant find it on their channel. they deleted it.

[Anonymous No.49847785]

>>49846844
> to save LP's that are pulling out into insane weakness.
You make it sound like the LP are panic over the price of eth and link and want to sell it.
They just want their eth and link out of bancor.

[Anonymous No.49847853]

>>49846522
Like a sore thumb

[Anonymous No.49847882]

>>49847777
nobody wants to be associated with filthy kikes

[Anonymous No.49847914]

>>49846522
He wasn't saying he doesn't know what it means. Your shit is just retarded.

[Anonymous No.49847937]

>>49846479
>not permissionless
Check m8 chud. I can't believe that maxipads were right

[Anonymous No.49847956]

>>49846856
both by extension. v2 withdrawals are cancelled, you have to migrate to v3

[Anonymous No.49847961]

>>49847777
heres the proof. did a google search for "twitter.com/chainlink mark richardson"

[Anonymous No.49847982]

>>49840918
>shouldnt of
kys

[Anonymous No.49847981]

>>49847961
click on the cached Smart_contract link, and you find the tweet about it

[Anonymous No.49847997]

>>49847777
bearish and correct

[Anonymous No.49848012]

>>49847981
and heres the youtube vid. UNLISTED ON THE CHAINLINK YOUTUBE
>https://www.youtube.com/watch?v=B2mVaPFFdoE
>>49847982
ill find you and you'll regret that

[Anonymous No.49848022]

>>49847981
i watched the whole thing and can confirm that it was online yesterday, deleted in the last 24h

[Anonymous No.49848042]

>>49847154
>>49846992

well this is not "flaw in the code", and also not comparable in any way because we are talking about fundamental ponzinomics and not about the world’s second biggest blockchain. If you want to talk about "basic points", here are a few:

bancor business model is based on unsustainable printing on their governance token bnt to cover the users IL
>If you have a BNT/ETH pool, and BNT goes down, they give you more BNT because your BNT went down.
>Then you sell the BNT to recoup your "impermanent" loss and that creates more IL for others and then Bancor just prints more BNT to cover them too.

bancor blames celsius as the evil big company that is destroying them
>bancor accepts a huge amount of liquidity from a single client
>bancor profits from this liquidity via rising activity, fees, etc
>the client decides to withdraw their liquidity
>bancor blames tries to make the public believe it was all evil celsius’ fault

while you’re at it, could you also provide some proof that celsius is shorting you on ftx, or wait, was this just a desperate try to envoke some kind of “short squeeze” hive response? this is not reddit and you’re fucked.

[Anonymous No.49848044]

>>49845137
That's just it, it's not there. They have maybe half the LINK that has been provided, and that's probably a generous estimate. If you choose not to withdraw, you're assuming they can obtain that LINK in order to make you whole. How are they going to do that? They have lost all trust. They got BTFOd by a flaw in their ponzi scheme, they fucked over their LPs and no one will ever LP with them again.

[Anonymous No.49848152]

>>49848044
checked, agreed. im just glad this is happening before staking is released, which of course makes me think Ari-Bane is behind it as usual. and thats a good thing

[Anonymous No.49848188]

>>49846815
>Bancor saved their token from hyperinflation
No. They only delayed it.
>Bancor has been responsive to the community and will restart IL protection once Celsius is gone.
Is that why people take a 40% loss? Do you actually think people are going to trust Bancor ever again after this fiasco, if it even survives at all? There are people who are going to kill themselves over this. Bancor has blood on their hands. Screencap this.

[Anonymous No.49848201]

>>49840891
MUSICAL
CHAIRS

[Anonymous No.49848223]

>>49847777
holy checked
it must be hard being chainlink doing everything you can for the space to succeed and everyone else cant help but fuck things up at every opportunity

[Anonymous No.49848230]

>>49848188
checked. also agreed. they'll never be seen at a public crypto event again, and they'll have their head on a swivel when they go grocery shopping. for the rest of their lives.

[Anonymous No.49848273]

>>49846931
>Is there any way for Bancor to pull this out? No one is going to deposit more liquidity after this whole fiasco, and people are happy to take a 50% loss to avoid a 100% loss right now. Obviously these kikes aren't going to spend any of their treasury to bail out retail, but if they turn ILP back on BNT will death spiral and they still wont have user faith.
This is 100% correct. I don't think people realize the scale of what is happening here. It's only a matter of time.

[Anonymous No.49848322]

>>49848230
get-rich-quick retards don't have it in them to do anything unless you can show one crypto scammer yeeted by an angry baggie

[Anonymous No.49848335]

All the people crying Bancor are done, they will never recover, who would use them again. They literally got hacked by themselves and then froze funds despite claiming to be decentralized and here we are four years later with 200m+ TVL, people have short memories and the like the coin, they also like that the team

[Anonymous No.49848363]

>>49848230
You're right. Though this time it seems more due to their own incompetence than outright theft like a Do Kwon. If they were going to fuck someone, it should have been Celsius by preventing their massive withdrawal, not the LPs that have stuck with them for years in some cases.

>>49848273
Let it sink in, there are still people in this thread who don't get what's happening. This is going to send shockwaves through the whole space.

[Anonymous No.49848417]

>>49848363
>>>49848230
>You're right. Though this time it seems more due to their own incompetence than outright theft like a Do Kwon. If they were going to fuck someone, it should have been Celsius by preventing their massive withdrawal, not the LPs that have stuck with them for years in some cases.

That is what they have done, they said if you can give us time, we will fuck celsius and make you whole, please just be patient

[Anonymous No.49848446]

>>49847309
ETH cratered 90% and then recovered to all time highs. That’s exactly the point. Bancor will take a short-term haircut here (actually that already happened since BNT is mooning now) and they will reach new highs once this all blows over.

[Anonymous No.49848477]

>>49848446
>BNT is mooning
What chart are you looking at?

[Anonymous No.49848479]

zoom in

[Anonymous No.49848493]

>>49848335
They made people whole after that hack. They have no plans to do so this time, even if they were capable. They're on twitter right now telling people to suck it. Who would LP with them after this? Couple this with their other issues, like how no one uses bancor to swap and the laughable APY now that mining rewards have ended, and no one will take that risk.

>>49848417
It's too late, Celsius has already raped their assholes, now they're shitting blood. They signed their own death warrant when they allowed so much single sided liquidity to be provided by a single party.

[Anonymous No.49848511]

>>49848273
i promise you all the have to do is wiat for the next bull run and every retard will forget. Just like when people on here were saying bancor is fine dont worry.

[Anonymous No.49848535]

>>49848446
ETH was and is a network with many use cases in a bull macroeconomic cycle. BNT had exactly one purpose, and now it's gone while we head into a global recession. Prospects of survival are not even remotely similar.

[Anonymous No.49848566]

>>49848273
it would barely mean anything, but i suppose if they really wanted the protocol to "continue" for whatever reason, they could announce the complete cancellation of IL protection, with bancor becoming an AMM that offers no such perk (including current providers)

legally speaking it is extremely debatable if they would even be able to get away with this
it would be breech of contract and false advertising. but it is crypto (and self-proclaimed defi) so im not sure how likely it would be for them to suffer legal consequences

but even if they got away with this, bancor would just be dropped
with their userbase losing everything, with their main selling point revoked, with close to 0 liquidity, i don't see any future for it

[Anonymous No.49848603]

>>49848511
Nah, they've been exposed. Bancor was fine when it was a bull market and everything was going up and withdrawals are low, but this was bound to happen in the first bear market. It's simply the way it was designed, the first major withdrawals expose and facilitate a death spiral.

[Anonymous No.49848620]

3000 fucking linkies locked up, either I take a massive haircut or wait to see if it all gets liquidated. What the actual fuck do I do now. I thought bancor was safe

[Anonymous No.49848654]

>>49840280
cope

[Anonymous No.49848665]

UH OH STINKYYYYYYYYYYY

[Anonymous No.49848668]

>>49848603
>Nah, they've been exposed.
greed will rope them back in.

[Anonymous No.49848705]

>>49848620
>50% or 0%
>wat do
gee I dunno, tough choice

[Anonymous No.49848720]

>>49848152

[Anonymous No.49848734]

>>49848446
>that's exactly the point
you missed where i said you absolutely cannot compare the two. tie in the fact that ccip largely threatens what they do and it's game over.

[Anonymous No.49848783]

>>49847777
they unlisted the video
https://www.youtube.com/watch?v=B2mVaPFFdoE&t=1s

[Anonymous No.49848793]

>>49848668
I'm not sure if you realize, but bancor isn't going to survive this. As soon as they turn on ILP again (assuming the actually do) it will hyperinflate. If they don't, then they've essentially stolen LP's tokens. Either way, it's going to zero. Why do you think there is no BNT to short?

[Anonymous No.49848804]

>>49846931
>Obviously they aren't going to spend any of their treasury to bail out retail
you don't get, it they don't have enough treasury to bail out retail. they have ofc been profiting from the platform for years, but none of that money is the company's money once it leaves it. they are either going to fold and a it's going to be a musical chair-event, or they will simply not put the IPL back on and go for court for years with the remainder of their liquidity.
The best way out of this would be that the LP's vote against the ILP stop when they will have to put it up for the dao vote. like that the users get at least a bit more than the would otherwise.

[Anonymous No.49848813]

>>49848335
All I'm reading is
>the goyim are so fucking stupid we'll fuck them over next cycle

[Anonymous No.49848846]

>>49848511
Imagine you had 10M in assets staked at Bancor. Would you safeguard 5M and take a 50% cut or would you wait it out and take the risk to lose everything? Knowing that every week, day or hour even that you wait, the amount you are able to pull out gets smaller and smaller. Knowing that once ILP is activated again, BNT is going to hyperinflate. Knowing that the only thing that made Bancor worthwhile (ILP) isn't a guarantee anymore. I know what I would do. Read: >>49848566
>but even if they got away with this, bancor would just be dropped
>with their userbase losing everything, with their main selling point revoked, with close to 0 liquidity, i don't see any future for it
You'd have to be real stupid to continue using Bancor after this shit show.

[Anonymous No.49848852]

>>49848804
This should be handled as a liquidation event. The entire protocol should just be cannibalized and divided up proportionally to the LPs. It's the only fair thing to do.

[Anonymous No.49848875]

reminder
the people trying to calm you down and give you hopium on bancor are the exact same people who posted things like this

[Anonymous No.49848927]

>>49848852
agreed, but obviously they have their own money staked in the protocol, so if this would happen, they both loose a cash cow and some of their holdings. it would be the only honorable thing to do though, it's not like they have a bright future.

[Anonymous No.49849035]

>>49848875
They hate you, you are stupid insects to them. Also they try to fit in by calling anyone who disagrees with them redditors. Always remember, WITH JEWS YOU LOSE

[Anonymous No.49849088]

>>49845155
People should really demand an explanation asap for this one

[Anonymous No.49849112]

Just put my stack into the cooldown period, probably going to get fucked. Please pray frens

[Anonymous No.49849148]

>>49849112
rip

[Anonymous No.49849241]

>>49849088
nvm, he did take the IL hit. No BNT on today's transaction
https://etherscan.io/address/0x6bd6dba6c7da9fdfbe3cc6fc7b2df97670d04a30#tokentxns

[Anonymous No.49849249]

>>49848846
in two years when we have the new retards they will used the protocol. look at doge, and everything shitcoin

[Anonymous No.49849276]

>>49849148
It was only a small part of my total holdings but it still stings

[Anonymous No.49849477]

>>49845155
>>49849088
>https://twitter.com/LinkSemper/status/1538957697973997568?s=20&t=G3aRfGV2MuNWkANAUODdsg
Kek, here was his response. Flimsy at best.

[Anonymous No.49849549]

>>49849477
why would you even ask such an antisemitic question. reported for hate speech.

[Anonymous No.49849574]

>>49841642
Yeah, and UST will regain its peg lmao

[Anonymous No.49849641]

>>49849477
was that picture an example of a person getting their entire stack back?
guy got just a little bit over 50%

[Anonymous No.49849845]

>>49842047
Really hope you're right fren. I'm going to bite the bullet and stay with bancor come what may

[Anonymous No.49849899]

[Anonymous No.49850002]

>>49842048

[Anonymous No.49850018]

>>49849899
ah know i get this "make whole" spam
they're trying to force a slogan, like "bancor will make you whole" from their marketing dept
no wonder some shills were casually using this phrase in such an unnatural way

[Anonymous No.49850028]

>>49849641
Correct, but some people are getting all or most of their stack. It seems to be smaller positions that are making it out intact.

[Anonymous No.49850099]

>>49850018
kek id go a step further to say its litteraly Rick and his team on here using that phrase. Mark admited in the Spaces yesterday that in order to gauge if people were serious about withdrawing or just starting the 7 days as a precaution, he visited 'messageboards' and determined that people were very much intent on withdrawing. then he paused impermanent loss soon after.

[Anonymous No.49850106]

>>49850028
>It seems to be smaller positions that are making it out intact.
well 2 days ago someone posted a tx of a guy who tried to get 55 link back, he only got 33 (rest in bnt)
though maybe very large positions are more prone to losses, some ETH guys were basically at 0%

[Anonymous No.49850112]

Was the shilling of BNT organic? I am 100% LINK and the effort to associate the two on here was very strong for a long time.

I’ll not pretend I’m smart because the only reason I never put my stack on there was that the pool was closed and the cost of gas. Thank god for that

[Anonymous No.49850215]

>>49850106
Well the guy was honest in that it depends on what pool you're in (they may have 25% of the LINK but only 3% of the ETH, for example). There could be something else going on in the backend, but I think the first anon's implication was that the bancor team was getting out their own stacks with no IL, while others were getting half.

[Anonymous No.49850235]

>>49850112
yes there was massive shilling
42 was the most notable, chainlinkgod (assuming he's not 42) also advertised bancor last year
bancor basically offered the best APY on LINK in the market so they tried really hard
"""linkies""" pretending that owning a 1:1 bnt/link stack was the norm, shit like that. at some point they even pushed a LINK/BANCOR/ARBITRUM thing, they abandoned it very quickly though

this behavior regressed as LINKs APY on bancor was gradually getting lower
also bancor shills were getting notoriously more aggressive as time went on, eerily similar to those BSC pajeets that have a mental breakdown if you say you will sell
once i noticed bancor shills calling people "retards" or say things like "enjoy losing your money" when people talked about getting out of bancor, i knew it was over and got the fuck out

[Anonymous No.49850266]

>>49844838
>oy vey, it's anudda shoah!

[Anonymous No.49850310]

>>49850235
Lmfao
https://twitter.com/chainlinkgod/status/1538721728624373762?s=21&t=5hDtevDk4gufsB2Suimdig

[Anonymous No.49850342]

>>49850310
he did the same shit with DMG

[Anonymous No.49850349]

>>49849899
hmm made whole but split
but something split is by definition not whole
if i split a rock in two, it is no longer whole
these word games is making my head spin!

[Anonymous No.49850374]

this industry collapse is a beautiful dance of musical chairs

[Anonymous No.49850384]

>>49850349
now you read the fine print after you get fucked lmao?

[Anonymous No.49850401]

>>49850235
>so bancor shills were getting notoriously more aggressive as time went on
to add to this, bancor shills were initially rather harmless and polite
they simply explained the mechanics of their platform, why ILP is great, the APY, the 100-day thing, how to get in, etc

as time went on this died as a concept
they became ridiculously hostile, especially in this year
bancor threads felt increasingly similar to those obvious coordinated BSC threads, people voicing concerns were insulted or disregarded as "FUDders" without any elaboration (in the past they would at least try to defend their platform with actual arguments and no hostility)
eventually the very idea of getting out of bancor made them seethe with rabid rage, you would get called a retard, be made fun of for making them richer, etc

tldr you could smell the curry from a mile away

[Anonymous No.49850429]

>>49850384
>after you get fucked
my stinkies are safe my man, im probably the most risk averse boy in crypto desu

[Anonymous No.49850536]

>>49850215
exactly, this looks absolute like favouritism where selected people get their full stack while most get the stick.

[Anonymous No.49850583]

>>49850235
>>49850401
the funny thing is, assuming its NOT a ponzi (which we know it is), the shills should actually support people withdrawing, logically, because their yield as liquidity providers would go up!

[Anonymous No.49850613]

>>49850349
yeah, and also the halt of withdrawals is temporary, but because we don't know when it ends, it is also permanent at the same time.
the crash is taking a surprising metaphysical turn.

[Anonymous No.49850617]

Are the jannies deleting link posts?

[Anonymous No.49850680]

we hit the bump limit boys. NEW THREAD
>>>49850665
>>>49850665
>>>49850665

[Anonymous No.49851627]

F

To the link marines who were shilling this posting the apys a few weeks ago

[Anonymous No.49851768]

>>49844738
Are u dumb... Thats because all the selling pressure from printed bnt to cover il is removed.
Everyone who pulls out would instantly sell their bnt to make up the rest of their stack, now those people are not getting that bnt so less is being dumped.

[Anonymous No.49851874]

>>49846209
Unfortunately this has only just started.
There was just an eth whale to withdrew 10k eth at a loss of 5k. Thats a bad sign for its trust. People trust it so much that they are willing to lose millions to at least get a part of their stack back

[Anonymous No.49852387]

>>49851768
>>49851874
based fren, hop in the new thread >>49850680