#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
This episode was hosted by Brian Fabian Crain & Meher Roy, and is availble on YouTube, SoundCloud, and our website.