Just wondering why?

Question

Bancor Protocol

John

Just wondering why?

#bancor #blockchain #cryptocurrency #english

0

10.07.2022

13 ответов

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John Автор вопроса

LosDiablos
Here's why: just game out the future if the founda...

Didn't the foundation fund the marketing of 100% IL protection though? How are they absolved of all responsibility?

0

10.07.2022

Rich Ducre

John
Didn't the foundation fund the marketing of 100% I...

I don't think you understand, they were coming from a technical perspective, i.e code balancing out, not backing up with liquidity *funding* from the foundation, that would have made it a CeFi not a DeFi.

0

10.07.2022

John Автор вопроса

Yeah unfortunately, we wish that was disclosed from the start, instead of marketing 100% IL protection. Should have stated 100% IL protection, but no one is owed for unrealized loss if the project can't organically fund the IL. The latter part was never mentioned anywhere

0

10.07.2022

MB

LosDiablos
Here's why: just game out the future if the founda...

Ethereum forked to recover dao hack and then never again. So, empirical evidence of precedents not being set and no slippery slopes to slide on. Later on, Gavin Wood lost a billion worth of ETH in parity bug that locked it away forever and they didn't save him.

0

10.07.2022

LosDiablos

John
Yeah unfortunately, we wish that was disclosed fro...

Yeah, it was likely an oversight and things like this happen. Thats why the people working on it are called developers. Success is not a perfect line straight up it is a succession of failures that when remedied work to harden the product over time.

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10.07.2022

LosDiablos

MB
Ethereum forked to recover dao hack and then never...

I'm gonna need a bigger dataset to be convinced.

0

10.07.2022

John Автор вопроса

LosDiablos
Yeah, it was likely an oversight and things like t...

I just wish that less was spent on marketing and more was spent on the actual mechanics and mathematics behind a sustainable model. I literally saw so much advertisement for Bancor at every crypto conference I went to. These were everywhere with the biggest booths. They funded a research piece on Uniswap as well which they marketed the hell out of.

0

10.07.2022

MB

LosDiablos
I'm gonna need a bigger dataset to be convinced.

You're making the affirmative claim so the burden on proof is on you. You need to show a pattern of bail-outs failing to be one time only and thus leading the funder into inescapable insolvency/failure from repeatedly being pushed into bail outs

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10.07.2022

Zeno🌪

John
I just wish that less was spent on marketing and m...

You are out of your fucking mind if you think we don't have the math to back up the protocol. Here is 20k words and 70 pages of math for B3. https://gov.bancor.network/t/bip15-proposing-bancor-3/3445

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10.07.2022

LosDiablos

John
I just wish that less was spent on marketing and m...

I wish black swans didn't exist too. There is no malicious intent here and acting like there is wont help.

0

10.07.2022

John Автор вопроса

Because you won't get any new LPs. The same reason why struggling companies will pay back their debts so that they still have access to new capital. The same reason why people try to uphold their credit score.

0

10.07.2022

Rich Ducre

John
Because you won't get any new LPs. The same reaso...

Not there’s an idea, a credit score system for defi.

0

10.07.2022

LosDiablos · Accepted Answer

LosDiablos

Here's why: just game out the future if the foundation sets a precedent for bailing out the dao when the dao is ultimately responsible for inflating the token and releasing v3 and migration and anything else. oops! we f-ed up again, better call the foundation and ask for some more money! it's not going to happen because it would basically absolve the dao of any reason to act responsibly in the future.

0

10.07.2022

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Just wondering why?

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