In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The goal at Bancor is to make cryptocurrencies liquid by making conversion of one cryptocurrency to another fast. The plan is for the Bancor Network Token (BNT) to provide liquidity by giving users access to Bancor’s Liquidity network.
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There is a huge technological roadblock that could kill Bancor, Libra, and the Digital Yuan.
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Therefore, the Bancor (BNT) token could be an attempt to get people to exchange other currencies for cryptocurrencies. In addition, the Bancor (BNT) could be an effort to force Keynesian economics on the world.
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Sports betting can be big business in the United States; The New York Times estimated the value of illegal sport wagers in the USA at $150 billion a year. The potential market for such betting is huge; there were 57.4 million fantasy-sports players in North America in 2016, according to an Ipsos Public Affairs poll commissioned by the Fantasy Sports Trade Association.
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The foundation’s goal is to create a global ecosystem of Smart Tokens that will allow everybody on Earth to have access to money with liquidity. Liquidity crises such as inflation are the cause of many of the world’s economic problems.
Effects of this might be the collapse of political systems, or economic chaos. One obvious development will be that many countries would no longer have a national currency. Instead, each citizen would use whatever money best served his or her needs.
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