Bancor - will it work or not
There are few hours left for the Bancor to start trading. This was the ico which gathered the frenzy of the investors and raised $153 millions in first few hours of the launch.
However, there have been lot of criticism on their business model.
https://steemit.com/cryptocurrency/@pawnuts/bancor-is-flawed
Critics like @pawnuts are arguing that the model is a failure. The code assumes that the tokens layered on top of Bancor are cooperative. But ERC20 tokens can contain malicious code.
However there are strong supporters of the Bancor model who are providing the success stories of other exchanges. @paulcoman believes that Bancor project serves the real need. 
It would be really interesting to watch the opening of the bancor and the movements during the day. Whatever is the verdict, one thing is sure that traders would find significant opportunities for trading in the coin tomorrow.
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