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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Purported advantages to Bancor on EOS include: one second transactions, no-transaction fees, and no Ethereum gas-fees. If it works, Bancor on EOS could eliminate 10 second transaction times, gas fees, and transaction fees of up to $50 all of which are common on Ethereum.
Bancor on EOS is already working with over a dozen Cryptocurrencies. Altcoins utilizing BancorX and Bancor on EOS include:
Horus Pay (HORUS)
EOS Poker (POKER)
HiveVibes (HVT)
OracleChain (OCT)
Chance (CET)
Bancor (BNT)
EOS (EOS)
eosBack (BLACK)
KARMA (KARMA)