Epicenter brings you in-depth conversations about the technical, economic and social implications of cryptocurrencies and blockchain technologies. Every week, we interview business leaders, engineers academics and entrepreneurs, and bring you a diverse spectrum of opinions and points of view. Epicenter is hosted by Sebastien Couture, Brian Fabian Crain, Friederike Ernst, Meher Roy and Felix Lutsch. Since 2014, our episodes have been downloaded over 8 million times.
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#194 Eyal Hertzog: Bancor and the Rise of User-Generated Currencies
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Bancor is a simple, but hard-to-understand protocol that enables price discovery and liquidity even for assets that aren’t actively traded. Co-Founder Eyal Hertzog joined us to explain how the Bancor protocol works and why they think it will play a key role in enabling a massive wave of small, but interconnected user-generated currencies. We dissected the workings of the protocol, its radical implications as well as the takeaways from their record-shattering, but controversial crowdsale.
Topics covered in this episode:
- Eyal’s background in early internet startups
- The origin story of Bancor
- Why asset markets suffer from the double coincidence of wants problem
- The benefits of Bancor-based Smart Tokens
- How Bancor and BNT can create a liquidity network
- Why BNT benefits from network effects
- What went well and what didn’t go well about the Bancor Crowdsale
- Why Eyal thinks the price floor was a good idea
Episode links:
- Bancor protocol
- Bancor Whitepaper
- Response to “Bancor is Flawed” – The Bancor Protocol
- Bancor at Coinfest 2017 in Amsterdam - YouTube
- Bernard Lietear, EURO architect discusses Bancor
This episode was hosted by Brian Fabian Crain & Meher Roy, and is availble on YouTube, SoundCloud, and our website.