/biz/ - Business & Finance

Anonymous Sun May 28 23:16:53 2017 No.2221255 [View]
File: 196 KB, 662x675, apu hitlerstaja.png [View same] [iqdb] [saucenao] [google]

regarding bancor

Let's say someone bought 1000 SHITS on an exchange. Alas, the trading volume of SHIT has decreased drastically, thus making it illiquid. The person needs his money quick though.
Thankfully, SHIT is backed by BANCOR; 1 SHIT = 0.001 BANCOR as the devs bought 100k BANCOR and the SHIT supply is 100m.
There is another coin that is backed by BANCOR, it's CRAP, and it happens to have excellent trading volume on yobit. Let's say 1 CRAP = 0.01 BANCOR.
So what the person does is to convert his 1000 SHITS for 100 CRAPS and then trade CRAP for BTC. Alternatively, he just redeems his 1 BANCOR and trades it for BTC.
Is this how it's supposed to work?

Anonymous Sun May 28 23:14:55 2017 No.2221241 [DELETED]

[View]
File: 196 KB, 662x675, apu hitlerstaja.png [View same] [iqdb] [saucenao] [google]

regarding bancor

Let's say someone bought 1000 SHITS on an exchange. Alas, the trading volume of SHIT has decreased drastically, thus making it illiquid. The person needs his money quick though. Thankfully, SHIT is backed by BANCOR; 1 SHIT = 0.001 BANCOR as the devs bought 100k BANCOR and the SHIT supply is 100m. There is another coin that is backed by BANCOR, it's CRAP, and it happens to have excellent trading volume on yobit. Let's say 1 CRAP = 0.01 BANCOR. So what the person does is to convert his 1000 SHITS for 100 CRAPS and then trade CRAP for BTC. Alternatively, he just redeems his 1 BANCOR and trades it for BTC. Is this how it's supposed to work?

>>	Anonymous Mon May 15 15:45:21 2017 No.2082552 [View] File: 196 KB, 662x675, apu hitlerstaja.png [View same] [iqdb] [saucenao] [google] >>2082540 >£

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