Bancor's been plagued with some technical problems that have been exploited by miners and hackers to front-run their algorithm. The explanation for the losses

Bancor's been plagued with some technical problems that have been exploited by miners and hackers to front-run their algorithm. The explanation for the losses are related to the price stabilisation / automated market making algorithm being exploited while in its early infancy. I'm really sad at the reactions people on HN have to Blockchain businesses and topics, but I am confident this is a case of horse-traders dissing on Ford Model T. It's like the SV crowd is finding it hard to believe no one wants another social media uber for X whatever now that the money and the spotlight are shining on communities very far from your own.