SEC Delays Big Bitcoin ETF + Bancor Links EOS and Ethereum




On today’s episode of The Cryptoverse…
It sounds to me like the SEC is pushing back it’s decision to approve or disapprove the big Bitcoin ETF proposal another 3 weeks.
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https://www.sec.gov/rules/sro/cboebzx/2018/34-84231.pdf

https://medium.com/@liquideos/liquideos-announces-eosx-on-eos-blockchain-875d4aa640f6

https://www.bancor.network/

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21 Comments

  1. Now once they get bancor X working AND stability coins. Then bang… You have the hollygrail. The masses will want this….big time.
    The stability coins are being provided by governments who will issue their own currencies. Such as Japanese Yen, and Israeli shekel.
    Hope they make this work.

  2. Great video Chris! Bancor is quite simple actually: The way it works is each token is "backed" by other tokens, typically Bancor's BNT and ETH. Now this is is "dynamic backing" in the sense that if I take BAT and convert it into BNT, that will affect the BAT/BNT exchange rate via a mathematical formula. There is nothing to this formula except for a little coefficient thingie that affects the sensitivity of price changes every time there is a transaction. That's actually what EOS devs got wrong: They used a very low coefficient which meant high price sensitivity. Such sloppiness gave me pause to be honest, it is such a basic error I don't know how on Earth they missed it…

    Bancor was one of the first projects I studied in-depth… Reading that paper is when I realized the potential of this technology for financial applications. The Bancor Protocol is a brilliant piece of technology, quite simple too!

  3. For once, I thought to click on your sponsors to get some Steem monsters with your referral but I don't see Steem monsters there 🙁

    Edit: I see the link in the comments now 🙂

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