/biz/ - Business & Finance

[Anonymous No.54919184]

>2023
>I am financially ruined

[Anonymous No.54919266]

fill in the blanks
w--- j--- y-- l---

[Anonymous No.54919346]

>>54919184
i fell for it.
i was a top 100 wallet
yield farming making sweet bank
i let it ride into v3
celsius collapse

I got out for even money, i hate that I was to retarded to sell every 30 days.

[Anonymous No.54919354]

>>54919266
woke jobs you lost?

[Anonymous No.54919479]

>>54919346
I'll give it to them, they were good at stringing people along with the v2, v2.1 and v3 launches

I got suckered in to the v2 paper launch

[Anonymous No.54919602]

Carbon has the best UI in DeFi and the idea behind it is solid.
If you have ETH and LINK in Bancor you might be F-ed, but if you have stables you're gucci.
IMO if you're still in the DAI pool, take out the DAI at 15% deficit and buy BNT at $0.43 instead of waiting for 0 deficit, aka BNT at $0.80.
Might as well double your money in the meantime.
Or if you believe it will never hit $0.80 then why are you still in the pool? Take the cut immediately. Either way, absolutely no reason why you should keep your money there.

IMO once people figure out that that's the case, the $30m deficit will drop to $15m, with at least $5m dedicated to buying BNT (instead of just taking the loss). This will trigger more pools being in the clear, which will again pump BNT, and the whole reflexivity might take us to $2-$3 territory again. And once the deficit is down to something small like $3m-$4m, the Bancor Foundation will just cover it, opening a BNT bull season.

The first push towards that will be once 1inch integrates with Carbon, which is no more than 2 months away.

It's literally a massive opportunity in an otherwise boring market.

I'm off to have some sex, will respond once I'm back, feel free to hate me or ask questions in teh meantime. Also don't be afraid to offer suggestions, and tell me why I'm wrong in an arugmented manner, I bought almost 1m BNT between $0.40 and $0.50 and I'd like to hear your opinions on that.

[Anonymous No.54920706]

you have a hopeful outlook, i guess new money that didn't get burned may come in.
you are in for big money, i hope you make it. I think what i always thought though, the money in uniswap is all insiders of eth mafia, none of that money will ever move, ever.

[Anonymous No.54920928]

>>54919266
with jshitcoins you lose

[Anonymous No.54921126]

>>54920706
I'm back...
I'm pretty fking old money, I mined BTC in 2012.
I used Bancor v1 a lot.
Got burned by v3 and I still think Carbon is a top 3 DeFi tool right now.
I think once more v3 pools get out of the red, oldfags will also see that Bancor have redeemed themselves.
At the end of the day, they could have simply told us "fuck you" and left us with 50% of our deposits, instead they build a world class tool in less than a year, hoping that it will help Bancor recover, and it just might do that.

[Anonymous No.54921361]

>>54919602
so what should I buy anon? How can you trust bancor team after all the fuck ups?

[Anonymous No.54921400]

Realistically speaking, should I withdraw my UNI at a loss? I have 250 on there but it’s saying it’s now only 100 due to the whole fiasco they had.. any chance of them making that balance whole in the future?

[Anonymous No.54921461]

>>54919184
How the fuck can anyone read what IL protection is and not realize that it is ticking bomb

[Anonymous No.54921491]

Promoted by Chainlink founder

[Anonymous No.54921561]

>>54921461
literally managed to get out 1 month before the shitstorm

[Anonymous No.54922977]

>>54921361
> what should I buy anon
Idk, I can tell you my personal stack, it's 70% stablecoins, 15% AVAX, 7-8% BNT (from the DAI I exited the Bancor pools with), the rest is small amounts of BP (that might have rugged) and 20m RSR.
Might look like a lot of AVAX but I had 102k from the ICO and I was in a LINK-AVAX pool which basically sold 30k LINK to buy another 100k AVAX. I've since sold 90% of it, it's not like I'm buying at the current prices.
As you can see with 70% in stables I'm not particularly bullish, but there is just no reason to stay in the DAI or USDC pools on Bancor until they're in the green.
If they end up in the green, you're losing out on what could have been 2x-3x by simply taking the small loss and going all in on BNT with the money.
If they never end up in the green, then just exit them now when the deficit is less than 1 year of yield farming.
But there's absolutely no reason to keep stablecoins in Bancor v3.
>>>54921400
That sounds like too big of a deficit for your pool, idk anon.
>>54921461
Greed. Had almost a million dollars in v3 so I'd be the first to admit I was greedy and stupid and didn't read what they're doing.
I trusted them because of v2.1. Impermanent loss protection was pretty solid in v2 with the 100 day waiting time and the other stoppers. Didn't expect that they've dropped all of them for v3 and rushed to get in rather than read, because of greed.
>>54921561
Well played.

[Anonymous No.54923144]

>>54922977
they are jews, anon. J E W S

[Anonymous No.54923235]

lost 800 link to this incompetent team
i was in v2.1 too and they wouldn't give an answer to questions so migrated to v3 and cut losses
someone on twitter killed themselves over this

[Anonymous No.54923400]

Bancor is a shining example of Jewish hubris and greed. From the lies and deceit, down to their inability to pay for their mistakes all while gaslighting and blaming their victims while pretending they did no wrong. Treacherous, evil, spiteful beings.

[Anonymous No.54923419]

Kikelickers were warned in 2017 aka peak /biz/

[Anonymous No.54923583]

>>54921126
eh, i guess.
when v3 flipped I had multiple failed tx's I burned 2k in gas trying to move shit and the contract was fucked. levi fixed it and wouldn't comp me even though he admitted it was the contract doing the gas estimation wrong because the "bug bounty" was over.
I hate those devs, to me they are as bad as any shitcoin ruggers and also fuck the foundation with a chainsaw.

[Anonymous No.54923679]

Saw it coming from a mile away just like I know britbongs are going to get ass raped very very soon. Find good sources so things don't take you by surprise.
>Source: NWC.

[Anonymous No.54923775]

>>54921126
how fucking dense are you?
have a look through this post that the team then got removed but not before being archived:
https://web.archive.org/web/20220710102652/https://gov.bancor.network/t/proposal-bprotocol-foundation-must-formally-clarify-its-role-to-the-bancordao-as-well-as-appoint-an-official-representative-etc/3773
highlights include:
>The ICO raised roughly 390,000 ETH at the price of $390 at a total of $153M in June 2017, as such if any of this ETH were sold at any time during the last two bull markets it would be reasonable to expect that the ICO funds could be worth over $500M. At an overhead cost of $20M/year on salary and expenses, there should still be $400M remaining from the ICO.
with a screenshot saying the team had a 10 year runway
evidence of how they perform the slow rug by distributing funds to shell companies
you are the retail cattle they prey on
they build their new product to provide legal cover for the continued slow rug

[Anonymous No.54924231]

>>54923775
Jfc that thread boils my piss.
I hate those fuckers with a passion.

[Anonymous No.54924399]

>>54924231
the foundation could have compensated even in part but they ran with the line that bancor the product is separate from the foundation
that foundation then continues to enrich the founders
they are the very definition of scum
some of the devs/team might just be oblivious/naive to some of this but the core of it is rotten and corrupt
"gives grants to 100s of independents devs and companies around the world"
fucking disgusting
>Hogeg has been associated with several Israeli blockchain startups that raised vast sums through initial coin offerings, including Sirin Labs, which reportedly raised $158 million from investors around the world in late 2017 and Bancor, where Hogeg says he served as an adviser and investor, which raised $153 million in June 2017. The Israeli company that operates Bancor, Localcoin Ltd. is owned by Prime Minister Benjamin Netanyahu’s niece, Galia Ben-Artzi, among other shareholders, according to Israel’s corporate registry.
https://www.timesofisrael.com/in-court-battle-blockchain-firms-reveal-ties-to-banned-binary-options-industry/
galia is a co-founder
https://www.weforum.org/people/galia-benartzi

[Anonymous No.54924474]

>>54923419
Came here for this
Damn it took long expected fp or sp
Biz is fucking dead

[Anonymous No.54924727]

>>54924399
>Localcoin Ltd. is owned by Prime Minister Benjamin Netanyahu’s niece, Galia Ben-Artzi, among other shareholders, according to Israel’s corporate registry.
This revelation was the icing on the cake when all this shit went down.
Im having fucking ptsd right.

[Anonymous No.54926943]

>>54922977
Are you that Bancor shill that had a trip? Didn't you say you were going to dox yourself if things didn't work out?

[Anonymous No.54926954]

>>54923775
holy shit

[Anonymous No.54927089]

>>54923235
>>54923583
I lost 1 ETH in v1 once I had my phone hacked and lost my Telegram access.
I managed to retrieve all data that my functional Telegram was sending them (as in token key) so they had the ability to unlock my eth but they never did.
>>54923144
Priced in.
>>54923400
Never claimed this is not the case.
>>54923419
People still made a lot of money in Bancor in the meantime.
>>54923775
>>54924399
This info is one year old, anon.
This is the very definition of "priced in".
BNT is now at $0.40. Despite this info being public knowledge amongst bagholders last year, it never dropped below $0.30 in the deepest of bear markets and desperation.
One year later, with all of these facts being priced in, a major product release being announced less than a year after their failures, a solid one at that, deficits reduced dramatically and 4% of supply being burned the last month alone, why wouldn't you expect the price to move in an upwards direction?
>>54926943
No, despite buying a 4chan pass I was unable to post here for months.
Now my VPN provider has new IPs and it's finally possible.

[Anonymous No.54927152]

>>54927089
Stop shilling for them. Many anons lots money because of Bancor.

[Anonymous No.54927176]

>>54927152
I see no argument against what I presented.
I merely tell anons with stables on v3 to get it out of there, because it doesn't make sense to wait for 0% deficit regardless of whether you think BNT is going to $0.80 or not.
You don't seem to even read my posts, anon, maybe cut the porn and you'll be able to focus again.

[Anonymous No.54927541]

>>54927176
Do you think I need an argument? You need to go jump off a cliff.

[Anonymous No.54927648]

Lost 500 LINK to these niggerkikes with their v3
Though I made $14k in v2 so it is about even
Still fuck these kikes

[Anonymous No.54927877]

>>54927176
the most obvious one, they are scammers. as one anon posted, its all just a legal framework to pay themselves out. the development of v3 was extremely slow, no way this consumes millions.

[Anonymous No.54927925]

>>54923419
warned you about bancor bros
warned you about mashinsky bros
warned you about sbf bros

[Anonymous No.54927967]

Bancor should airdrop BNT to everyone they fucked over with their IL protection program they "temporally" paused.

Otherwise Bancor is a fucking scam.

[Anonymous No.54927977]

>>54919184
>he didn't buy HPOS10I

Many such cases

[Anonymous No.54927993]

>>54927877
> the most obvious one, they are scammers
When did I say they aren't?
How does that negate anything I already said?
You can miss opportunities while they're stealing Bancor Foundation funds.
Or you enter good risk-reward trades while they're stealing Bancor Foundation funds.
I simply explained why I chose the latter and nobody is willing to give me a good explanation as to why that's an error.

They were scammers with no redeeming qualities when BNT was $0.35, and despite them being scammers with no redeeming qualities, during the worst bear market crypto has seen, the $0.35 support was never broken.
Now they are scammers with a top tier dev team, who created an amazing product, burnt 4% of BNT supply in the last month alone, half of it from buybacks, and tokenomics that can genuinely prop price up, while sentiment is shifting bullish and everyone is expecting rate drops in December.
If you NOW take your stables out and buy BNT with them, the only thing you need to get even (make up for the deficit) is wait until the price of BNT is that of last week. That's it. No need for a moon mission, you just need BNT to EVER hit the price where it was LAST WEEK, before Carbon was even functioning properly. Why would I think that this is impossible?
Why should your hatred for Galia Benartzi prevent you from making money?
> the development of v3 was extremely slow
There was NO development of v3. You might have misunderstood something, once they fucked up they simply switched dev efforts to Carbon, which was developed insanely quickly.
> no way this consumes millions
If you're talking about Carbon, why wouldn't it? There's almost a billion in Uniswap TVL which is outside of current price range, which is specifically there to act like a poor man's limit order.
Carbon allows you to have this done properly, why wouldn't you switch if you were the owner of those billions?

[Anonymous No.54928012]

>>54919346
same, it's my only successful "get out in time" story. ingrained in my memory.

[Anonymous No.54928020]

>>54927993
>That's it. No need for a moon mission, you just need BNT to EVER hit the price where it was LAST WEEK
same can be said of pepe. buy now, if it only goes to where it was last week you make a 4x!
in reality pepe will dump another 90% from here

[Anonymous No.54928048]

>>54928020
>pepe
pump and dump memecoin
>BNT
A 6 year old token with a team that basically invented modern DeFi, survived the most brutal bear market combined with a smart contract disaster at once while maintaining a price that is just slightly below its current one.
Which has just released a novel DeFi product that serves as a massive improvement over what $1B in TVL on Uni v3 is deposited for, which was developed from idea to fullblown implementation in just over 10 months.

Amazing comparison, anon, what is your latest IQ score?

All of you pathetic fags who say I'm shilling - I'm legit only posting this because I want someone to convince me why I made a mistake. You're the ones shilling BNT with your stupidity. And I actually want to be given a good reason to switch my funds elsewhere, which I'm prepared to do once a single argument is sent my way.

[Anonymous No.54928113]

>>54927993
>why should i not invest in scammers?
its useless to argue with you
>insanely quick
copy paste sure is
>> no way this consumes millions
no way this costs millions to develope, with that money they could have had way faster developement

[Anonymous No.54928254]

>>54928113
>>why should i not invest in scammers?
>its useless to argue with you
This is not 2017 with the Bancor ICO. I am not pouring money in the Bancor Foundation.
If anything I'm investing in Mark Richardson's new amazing project which is priced low because of the Bancor Foundation's scams.
99% of crypto is scams and so is your portfolio. Even Satoshi (Adam Back) rugpulled everyone by destroying his creation. Vitalik is dumping on bagholders. Not even the oldest and biggest projects are immune to high-level grifts, if that dissuades you from taking quality risk-reward trades in this market, why are you on a crypto board in the first place? Are you dense enough to think the coins you're buying aren't shadily enriching their founders?
>>insanely quick
>copy paste sure is
There is 0 copy+paste in Carbon, anon, wtf are you talking about. Are you mistaking it for some other product or something?
>> no way this consumes millions
>no way this costs millions to develope, with that money they could have had way faster developement
By the looks of it you're mistaken and talking about a totally separate product, but 1m would be dev salaries for 4 people for a year.
I don't think you've ever worked in the software industry.
Going from concept, to whitepaper, academic criticism, fixes, functional code, 3 audits and related bug fixes to create a functional innovation within 10 months is nothing short of spectacular. I've seen startups have similar success before, but it's extremely rare. Have you ever taken part in the development of a software product?

[Anonymous No.54928461]

I hope everyone involved with bancor/carbon or whatever they call themselves in the future gets prison time.
They minted bnt out of thin air after selling everyone’s staked coins.
I know the team post here and you can’t hide forever

[Anonymous No.54928904]

>>54928461
Anon, we all know that the Bancor founders are scammers, but it would help your case if you knew how their scam actually worked, you might wanna use some of the post in this thread
>>54923775
>>54924399
for reference, because you're embarrassing yourself.

[Anonymous No.54930057]

I was able to write off my Bancor losses on my taxes.

[Anonymous No.54930305]

I got burned bad on Bancor, but Carbon is looking good. Automatic trading strategies that are mev resistant add real value for traders. If the deficit situation is cleared away i think big potential is there.

[Anonymous No.54931579]

>>54919184
so what is the point of carbon? what does a new exchange solve that is so much better than fixing their old one that evaporated a third of everyone's money?

neither the most charitable nor the most cynical interpretations make it make sense to me, so I am retarded and missing something obvious. I see them talk about carbon being innovative but when they say how it actually works it seems like its just etherdelta 2.0, a repeat of the old defi mess that amms "solved" so genuinely what is there to gain from this?

[Anonymous No.54931590]

>>54931579
>a third of everyone's money?
a third? I fucking wish, I lost more than that

[Anonymous No.54931683]

>>54931590
I was looking at the current link deficit but fuck, depending on timing and asset it could be way worse; eth is brutal
even more why I don't get would anyone use carbon when they are keeping the old scam active with no attempts to fix it

[Anonymous No.54932837]

>>54931579
> so I am retarded and missing something obvious
You're not and you're raising a good point I was also baffled with for a while.
> seems like its just etherdelta 2.0
Exactly what I was thinking initially, and to a degree, it is correct.
> repeat of the old defi mess that amms "solved"
So here is the thing.
First of all, Bancor were the first ever to actually solve this, so keep that it mind when we talk about long-term reputation.
Second, while I never liked AMMs and would have preferred limit orders, I was also convinced that normies will never adopt that instead of AMMs because they lack the 80IQ necessary to understand limit orders. I was wrong.
Uniswap v3 has $1,000,000,000 in TVL OUTSIDE of range, which is deliberately put there so that if one coin crashes, it will get bought. Or if it moons it will be sold. At the price where the liquidity is provided. People are using Uniswap v3 for limit orders en masse, despite the fact that if the price just briefly hits their target and returns, their "limit order" will be cancelled.
Despite this OBVIOUS shortcoming, once again, $1,000,000,000 in TVL is using Uniswap v3 for this exact reason. So limit orders are once again in season.
The difference this time is that:
1. They work like real limit orders so it's not like you can fat finger and sell instead of buying, skip a 0, buy at a rate that's not the best, and all the disgusting bugs that plagued etherdelta, forkdelta, and partially even idex.
2. MEV resistance comes out of the box this time.
3. Very important - the ecosystem back then was not mature enough for a limit order dex, because aggregators such as 1inch did not exist. Prices often lagged behind CEX prices, it was clunky and difficult to change orders, etc. Now, 1inch integration is literally the first goal of Carbon, and it will make the exchange work smooth as butter.
4. Etherdelta is the website with the worst UI I've ever seen. Carbon has the best UI I've seen in DeFi beating Alpha Homora