I'm financially ruined. The v2 fudder was right, they lied about solving impermanent loss

I'm financially ruined. The v2 fudder was right, they lied about solving impermanent loss.

Attached: bancor.png (800x532, 96.84K)

so the only reason to hold bnt is governance? absolute garbage, thanks Zig Forums

Yeah. I'm down over 50% at this point

man i tried telling you months ago

no one would listen. i considered every possible DEX investment there is in crypto and only ONE makes sense.

Attached: Lightning Network.png (670x454, 206.34K)

>The v2 fudder was right,
hey, i was the fudder. you just reminded me one of you faggots sent me some bancor. im going to sell it now because gas prices are cheap. kek.

i think ill buy some ampleforth with it

WHERE IS THE PIECE OF SHIT THAT SHILLED V2 AT "THE BOTTOM" OF $1

I WAS PROMISED A X6

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yeah, the economics of amms are fucked.

>pic related

looking for an exit pump to sell at break even at this point

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What's the problem with it?

>v2: we're going to solve impermanent loss
>turns out that arbs can frontrun the link oracles
>v2.1: we're going to insure against IL by minting more BNT to make up for your IL

bancor solved impermanent loss, by making it PERMANENT loss

top kek

I tried warning you, why didn't you listen? Same with the bzx faggots.

I managed to get out at about 3% loss, but if I'd cashed out a fortnight ago when my gut told me to I would've actually done quite nicely. Meh, 20/20 hindsight. Sold, into LIT.

Isn't that bearish for link? Sergey spent at least one hour writing that tl,dr article, all that effort for nothing.

looks like I'm going to be bagholding this POS for a while

AFAIK they couldn't get the oracles to update as quick as they wanted to without spending a fuck ton on gas, so you could say it's probably on vitalik to get his shit sorted with eth 2.0

just sold the free bancor on of you gave me for ample.

>I tried warning you, why didn't you listen? Same with the bzx faggots.
stop pretending to be me kek

here is proof its me 0x8bb236779e2faf7cb2792529e1db4a0d3c9a4a6c

the ridiculous thing is that they could have solved the frontrunning by doing the same thing SNX did, ie lock funds for every oracle update and retain profits made from the oracle update

I asked in TG why they didn't do this, their reply: "we felt this solution was better"

No it fucking isn't you fucking retards, you're just inflating IL away and dumping the loss on BNT holders. Sold right there and then, I'm sick of this team being so obviously retarded as evidenced by all their replies in TG

I sold at 1.30 btw and bought at 80c, was just a meme I made profits. But holy shit this team is retarded.

Kek, good I didn't fall for it(again)

I can't believe I was retarded enough to ignore my instinct that this was a 2017 shitcoin looking to exit scam by riding the defi hype

>this was a 2017 shitcoin looking to exit scam by riding the defi hype
thats exactly what this was

Someone provides $1000 worth of liquidty for token xyx, 3 months later they get their tokens + fees back all in a decentralized non custodial manner. How is impermanent loss not solved here? The end user is protected that is what matters at the end of day. With the launch of V2.1 anyone staking there idle tokens in Bancor will be more profitable vs holding alone.

i should have figured

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I don't know if i should sell now or wait until it maybe pumps to $1.10, i should've known better, the bnt holders are really human toilets for whales to dump their impermanent insurance on
and i knew that at $1.30, I dont know what i've been thinking at the time

it's a shit project with shit team

they hyped up V2 for 6 months and then failed to deliver anything they promised
then changed plans and decided to deliver 10x shittier version of 2 which is completely uninteresting and dumb

fuck this pajeet shitcoin

i would argue that using oracles for dynamically weighted pools is more uninteresting, its a fairly simple idea at the end of the day
using an elastic supply to basically print infinite money to a certain extent is pretty hilarious and i look forward to seeing how it plays out during a 2017-style bull run, when impermanent loss can reach absurdly high non-finite values

>bought 10k BNT at 20 cents

fuck it I am hodling this to the moon or bust.

I'm holding until I can dump all of my bags at 1.10

LOOK

IS NUMBER GOING TO GO UP OR IS IT NOT

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What a shitshow