Eyal Hertzog: Bancor and the Rise of User-Generated Currencies

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 Episode links: Bancor protocol Bancor Whitepaper Response to “Bancor is Flawed” – The Bancor Protocol Bancor at Coinfest 2017 in Amsterdam - YouTube Bernard Lietear, EURO architect discusses Bancor This episode is hosted by Brian Fabian Crain and Meher Roy. Show notes and listening options: epicenter.tv/194