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RE: Why Bancor Will Probably Be A Pump-And-Dump Nightmare for Investors, Unless it Changes

in #scams7 years ago

Dear roosterred,
it really true the opposite, Bancor mechanism is going to allow an
"increased price stability. A smart token that is liquid on exchanges, effectively uses the Bancor protocol to mitigate sharp price increases by collecting an additional reserve and issuing additional supply, as well as prevents sharp price decreases by releasing reserves and decreasing the supply. It dampens the price while still enabling it to go up or down, just less sharply so. We argue that stability has significant value to the token holder, though it is less good news for traders that profit from greater market volatility." --> [source: Bancor is flawed]

However, there is a bug bounty program 2.0 going on, with a reward for "Price Discovery Formula Bugs/Solutions". When your findings are relevant, and your proposal interesting for Bancor, you will be rewarded properly and will contribute to the success of the project itself.

I strongly suggest you to partecipate and support the Bancor Community in getting stronger!

With best regards

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This comes off as unnecessarily aggressive. I was upset at the time over getting mysteriously banned from another medium. I am glad that Bancor is trying to help the situation with these bounties and research.

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