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Disclaimer: I'm not well-versed in these things. Maybe I'm totally misreading the situation. Their response to the "BNT is pointless" thing seems to say that B
by 0xcde4c3db 9y ago
Disclaimer: I'm not well-versed in these things. Maybe I'm totally misreading the situation.
Their response to the "BNT is pointless" thing seems to say that BNT has a point because... they made the service require it. I still don't understand why, apart from the founders wanting something to sell to investors.
My understanding is that the main things one looks for in a reserve currency are liquidity in the international market and (relative) stability of value, hence the popularity of the US Dollar and Euro as reserve currencies as opposed to, say, the Zimbabwe Dollar. If that's true, it seems deeply counterintuitive to create a new currency to use as a reserve currency. This sparks a suspicion that the point is not for BNT to add value to Bancor, but rather the reverse.
Am I just misunderstanding something here?
- tylersmith 9y agoIf you are missing something it's because it wasn't present.