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      "author": "steemitboard",
      "permlink": "steemitboard-notify-bancor-network-20190328t002826000z",
      "title": "",
      "body": "Congratulations @bancor-network! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@bancor-network/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@bancor-network) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=bancor-network)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steem/@steemitboard/3-years-on-steem-happy-birthday-the-distribution-of-commemorative-badges-has-begun\"><img src=\"https://steemitimages.com/64x128/http://u.cubeupload.com/arcange/BG6u6k.png\"></a></td><td><a href=\"https://steemit.com/steem/@steemitboard/3-years-on-steem-happy-birthday-the-distribution-of-commemorative-badges-has-begun\">3 years on Steem - The distribution of commemorative badges has begun!</a></td></tr><tr><td><a href=\"https://steemit.com/steem/@steemitboard/happy-birthday-the-steem-blockchain-is-running-for-3-years\"><img src=\"https://steemitimages.com/64x128/http://u.cubeupload.com/arcange/BG6u6k.png\"></a></td><td><a href=\"https://steemit.com/steem/@steemitboard/happy-birthday-the-steem-blockchain-is-running-for-3-years\">Happy Birthday! The Steem blockchain is running for 3 years.</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "memo": "BuildTeam is proud to announce the release of DLease.io - our flagship P2P leasing marketplace app, aimed at assisting Steemians in leasing and delegating STEEM POWER for daily passive returns, with recent yields as high as 20% APR. DLease.io is a professional grade app , designed to replace the current MinnowBooster.net leasing market which has to date facilitated nearly 20 Million STEEM POWER in lease value to happy BuildTeam customers. View the new app at https://dlease.io/ or read the announcement post on https://steemit.com/@dlease."
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      "body": "Hello @bancor-network! This is a friendly reminder that you have 3000 Partiko Points unclaimed in your Partiko account!\n\nPartiko is a fast and beautiful mobile app for Steem, and it’s the most popular Steem mobile app out there! Download Partiko using the link below and login using SteemConnect to claim your 3000 Partiko points! You can easily convert them into Steem token!\n\nhttps://partiko.app/referral/partiko",
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      "body": "When are you going to integrate with Steem tokens? Steem is the leading blockchain for DApps and long tail tokens. Just look at [State of the DApps](https://www.stateofthedapps.com/rankings) where Steem is smashing EOS and Ethereum.\nWith [Steem Engine Tokens](https://steem-engine.com/) the long tail is available to everyone.",
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      "title": "Bancor Progress Update: February 2019",
      "body": "@@ -6742,58 +6742,25 @@\n s.%0A%0A\n-Beni and Tal are longtime friends and we wish them\n+We wish Beni, Tal\n  and\n",
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      "title": "Bancor Progress Update: February 2019",
      "body": "*We’re experiencing technical difficulties on Bancor’s Medium [blog](https://blog.bancor.network/) — which is why this progress update is being published on Steemit for the time being. If anyone has a contact at Medium support, please let us know :)*\n\nIt's been a busy couple months at Bancor, here's the latest:\n\n<h2>In Memoriam: The Passing of Bernard Lietaer</h2>\n<center>![](https://cdn.steemitimages.com/DQmXCSYL8uCMy91ecypTx5PZQyaVKKHyFELz3GHxb2yQZQo/image.png)</center>\n<center><sub>Bernard Lietaer, 1942–2019</sub></center>\n<P>\nEarlier this month, we mourned the passing of Bernard Lietaer, President of the BProtocol Foundation and its Chief Monetary Officer.</P>\n\nBernard was appointed by the European Central Bank to architect the Euro, and later emerged as a renowned author and advocate for financial inclusion through the use of “complementary” currency systems. His ideas are the driving force behind the Foundation’s vision for freedom of currency.\n\nWe first met Bernard when he came to Israel to give a talk on community currencies at the University of Tel Aviv. It was intimidating and also exhilarating to directly share our findings and ideas with a hero who had inspired our work via YouTube videos we discovered while researching Bitcoin in 2011. We then reconnected several years later after he read the Bancor Protocol whitepaper and believed it to be the breakthrough he had been searching for in his decades of work on complementary currencies.\n\nhttps://youtu.be/nW51ci2u0RY\n\n<center><sub>Bernard discusses the Bancor Protocol in a lecture titled “Economic Justice — Theory to Practice”. (June, 2017)</sub></center>\n\nBancor Co-Founder Galia Benartzi [wrote a tribute to Bernard’s life](https://hackernoon.com/bernard-lietaer-a-financial-justice-warrior-who-fought-for-freedom-of-currency-25123ca599dd) and work, from his early days at MIT to his time at the Central Bank of Belgium, to his discovery of Bancor and his work with Sarafu, the first Bancor-powered community currency network deployed last August in Kenya.\n\nAs Galia wrote, “It is with great sadness and also fierce determination and deep gratitude, that we continue to share his ideas and research with the world, and to innovate towards fair, free and fluid financial systems that serve people — just as resilient, natural ecologies serve the planet.”\n\nBernard is survived by his loving wife and partner, Helga Preusse. He will be truly missed.\n\n<h2>Sneak Peek: Bancor’s Upcoming Unified Experience Launch</h2>\nBancor’s new unified experience is going live soon, allowing single-action conversions between ERC20 and EOS tokens, as well as intuitive management of your Ethereum and EOS tokens and accounts, all from one interface. We are building towards a world where wallets function seamlessly between dApps on different blockchains, just as browsers allow for seamless surfing between websites.\n\n<center>![](https://cdn.steemitimages.com/DQmXGb7v9LCkrdjSMxZfPY38r14Yb4nodhJhN8zh6VxPAhn/image.png)</center>\n<center><sub> A sneak peek of Bancor’s unified experience, enabling single-action conversions between ERC20 and EOS tokens, as well as intuitive management of Ethereum and EOS tokens and accounts within one interface.</sub> </center>\n\nThis is the next step in Bancor becoming a blockchain-agnostic network, and abstracting away the blockchain experience in favor of frictionless token conversions and management. Among its many new features, the Bancor Wallet will now provide users with a free EOS account, enough EOS resources to get started and built-in management of RAM, CPU & NET:\n\n<center>![](https://cdn.steemitimages.com/DQmRwqNn6g68QcffjXncuWAsL36taAdN7xKPfXF8wrVHCrA/image.png)</center>\n<center><sub>Buy and sell EOS RAM, stake and unstake CPU and Net directly from the Bancor Wallet.</sub></center>\nBancor’s cross-chain conversion functionality is based on the ability of BNT — the Bancor Network Token — to operate concurrently on multiple chains. By utilizing BNT, any token can be instantly converted into other tokens in the network, no matter their underlying blockchain.\n\nWith this release, we’re aiming to offer a simple way to use your wallet on multiple blockchains, so you can more easily share value between the dApps you love, and the ones that will emerge. This is the decentralized future, and these are the steps (by steps) to get there.\n\nStay tuned for the upcoming release!\n\n<h2>Building Bridges: Good Luck to our Friends at LiquidApps!</h2>\nAre you following the EOS ecosystem? If so, you’ve probably been hearing both the growing challenges with MainNet resource availability, and the excitement around the announcement of [LiquidApps](https://liquidapps.io/), which will soon be releasing their first product to address this issue — vRAM.\n\nhttps://youtu.be/C30kJ7p33wg\n<center><sub>A community-generated explainer video for LiquidApps, by the talented [EOS Weekly](https://www.youtube.com/channel/UCR9iyxumPn7n14nbBocfCMQ).</sub></center>\n\nWe are truly excited about this innovation for many reasons. First, Bancor’s vision has always been to create a liquidity network that supports millions of long-tail tokens, enabling any community to create a token that is easily convertible. However, in order for this vision to become reality, we need stable technological infrastructure that enables innovators and developers to do this in a scalable and affordable way. And continuous (automated) liquidity, of course :)\n\nWhile Bancor was an early adopter of the Ethereum blockchain, we were also excited by EOS’ ability to enable 1-second transactions and zero transaction fees for users. But EOS comes with its own set of scaling issues — which LiquidApps is tackling head on.\n\nLeading up to the EOS Mainnet launch, Bancor’s then head of operations, Beni Hakak, created LiquidEOS, a block producer based in Israel, along with Tal Muskal, who joined as the CTO of LiquidEOS. While building LiquidEOS, Tal and Beni learned a great deal about the EOS system, its advantages and the gaps it has to overcome on the way to scalability. This led to them discovering an innovative solution that would lead to the creation of LiquidApps. Beni is now the CEO of LiquidApps and LiquidEOS; Tal is the CTO of LiquidApps and LiquidEOS.\n\nAs longtime entrepreneurs, Bancor’s four co-founders, Guy, Galia, Eyal and Yudi, recognized and supported Beni and Tal’s ingenuity and drive, and joined Beni and Tal as non-operational co-founders and advisors. Bancor’s four co-founders maintain their full-time operational roles at Bancor, and remain fully focused on delivering a liquidity solution that serves token creators, no matter their size or blockchain. Bprotocol Foundation (Bancor), LiquidEOS and LiquidApps are separate entities.\n\nBeni and Tal are longtime friends and we wish them and the LiquidApps team the best of luck in their upcoming launch. Learn more at [LiquidApps.io](https://www.liquidapps.io/) and follow along on Twitter.\n\n<h2>On the Road Again: Meet Us in Hong Kong and Amsterdam</h2>\nWe’re extremely excited to attend [Asia Crypto Week](https://www.asiacryptoweek.com/) and speak at [Token2049](https://www.token2049.com/) March 13–15. Bancor co-founder Galia Benartzi will join the panel, “The Push Towards A Billion Crypto Users”, alongside Bill Barhydt (co-founder and CEO of [Abra](https://www.abra.com/)), moderated by Ernst and Young. We have never been shy about our vision to empower the long-tail of tokens, bringing crypto to the masses, and we are thrilled to have the opportunity to reflect on the industry’s progress towards making this a reality.\n\nWill you also be there? We would love to meet you! We will be hosting a side event (details to follow), so drop us a line and we’ll be in touch. {insert hyperlink to: [email protected]}\n\nGalia will also be keynoting the cryptocurrency panel at [The Next Web](https://thenextweb.com/conference/) in Amsterdam May 9–10, speaking on how diverse communities can be transformed into economies via new token models.\n\nAs always we’d love to hear your thoughts on the product, progress and our plans. For an ongoing discussion with the community and team, please join our [Telegram](https://t.me/bancor) group and or follow us on [Twitter](https://twitter.com/bancor), where we’re posting the latest news and announcements from Bancor and blockchain world.\n\nStay Liquid,\n\nThe Bancor Team",
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      "body": "This was likely the most informative write up of any BP I have read, took me two months to find it, but then it also took me a month after EOS launch to learn about Bancor.  Well begin to learn about Bancor, still trying to getmy head around smart contract market makers. Watching EOS ram market has been really educational as to practical application. Look forward to learning way more about everything your team is doing. You have been added to my proxy vote list (now up to 22 PB's I feel comfortable representing our interests as token holders). Thanks for a grade A+ introduction of a powerful BP.",
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      "body": "Great proposition. Really like how fast Eyal and the Bancor team have addressed this issues, considering all that is going on right now!",
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{
  "trx_id": "2b2ac14212cce1e84195993df542d5804afe0bdf",
  "block": 23989692,
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  "timestamp": "2018-07-08T07:30:06",
  "op": [
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    {
      "parent_author": "",
      "parent_permlink": "eos",
      "author": "bancor-network",
      "permlink": "a-proposed-solution-to-eos-ram-allocation",
      "title": "A Proposed Solution to EOS RAM Allocation",
      "body": "<center>![eos_bancor.png](https://cdn.steemitimages.com/DQmYGEJaGMWeTNWjvWyjjBk3PZSWAo8Z1ZEEALoqk84jbrr/eos_bancor.png)</center>\n***Authored by Eyal Hertzog, Bancor Co-founder & Product Architect***\n\nFollowing the BP conference call on Mon, July 2nd, I would like to share some thoughts regarding the EOS RAM model and the balance between free market price speculation and the need for dApp developers to have access to affordable RAM for the success of the network.\n\nThe main reason speculation can be harmful in this particular case is that unlike many other tokens - RAM is “backed” by a scarce resource (memory) which cannot be practically rented. An analogy would be a real estate market in which property rentals are not possible. In such a market, real estate speculators will essentially own empty properties, adding upward pressure to prices, while decreasing the overall resource utilization as many properties remain expensive and empty.\n\nOne solution that was proposed during the call is to continuously burn EOS tokens from the RAM contract (e.g. 10% a month). This would theoretically drive the prices down at rate of a 11.11% per month assuming there were no other trades. As Dan Larimer mentioned in the call, this solution represents a form of “rent” costs on the RAM that is being used.\n\nSpeculation would still make sense, but in fewer cases. Currently, if someone speculates that even just a few big dApps are able to afford the current price, the rational strategy would be to hold RAM for the long term, until some dApp eventually coughs up the cost and the value rises. We think this incentive structure could be problematic for the ecosystem.\n\nClay Shirky coined the term “Low Cost of Failure” which he describes as the main driver behind the success of user-generated content platforms such as Blogger, YouTube, Reddit, etc. It is the low cost of failure that allows the long tail of users to participate in an ecosystem. And it is this long tail of users that increases creativity, access and distribution. One of the main benefits of blockchain technology is its ability to dramatically reduce the cost of failure for online transactional and financial networks. In this case, a potential killer app on the EOS ecosystem may simply die for not being economically viable due to RAM costs, while at the same time most of the available RAM is not even in use, but is held by speculators for future profit.\n\nBy changing the RAM contract to burn EOS at a constant rate, speculation becomes riskier. Speculators must predict that dApps (or additional speculators) will buy RAM at a certain rate, rather than simply anytime in the future. This would have a similar effect to continuously adding RAM to the contract; however, adding RAM is labor intensive and could take some time for testing and community readiness. \n\n**This calculator & chart demonstrates a 10% EOS burn rate in the RAM contract: \n[EOS RAM Bancor Calculator](https://docs.google.com/spreadsheets/d/1O3rPlq0GCOopljSEsQmlYws_w4LmhhJ-wvsnWztnFE8/edit#gid=766594341)\n[Chart](https://docs.google.com/spreadsheets/d/1O3rPlq0GCOopljSEsQmlYws_w4LmhhJ-wvsnWztnFE8/edit#gid=1365260655)**\n\nAn additional step could be to issue RAM “futures”, which could be traded in the same way, and represent the next 64G of RAM that will be added in the future. Since this RAM is not actually being used, no “rent” should be charged for it until it is added to the active pool. This would allow speculators to still speculate on the future price, without paying rent, and without preventing dApp developers from having affordable access to the resources they need to build on the network.\n\nWe look forward to discussing this and other topics with BP teams and the greater EOS and blockchain communities, and welcome any feedback and improvements on this proposed solution.\n\nTo liquidity and beyond, \nThe LiquidEOS Team\n\n## Community\nLiquidEOS Telegram: [@BPLiquidEOS](https://t.me/BPLiquidEOS)\nBancor Telegram: [@Bancor](https://t.me/bancor)\nMedium: https://blog.bancor.network/\nTwitter: https://twitter.com/Bancor\nBitcoinTalk: https://bitcointalk.org/index.php?topic=1789222.0\nReddit: https://www.reddit.com/r/Bancor/\nSteemit: https://steemit.com/@bancor-network\nGitHub: https://github.com/bancorprotocol/contracts\nFacebook: https://www.facebook.com/bancor/\nYouTube: https://www.youtube.com/c/BancorProtocol\nInstagram: https://www.instagram.com/bancornetwork/\nLinkedIn: https://www.linkedin.com/company/17986744/",
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      "title": "A Proposed Solution to EOS RAM Allocation",
      "body": "@@ -145,16 +145,17 @@\n Eyal Her\n+t\n zog, Ban\n",
      "json_metadata": "{\"tags\":[\"eos\",\"ram\",\"bancor\",\"liquideos\"],\"image\":[\"https://cdn.steemitimages.com/DQmYGEJaGMWeTNWjvWyjjBk3PZSWAo8Z1ZEEALoqk84jbrr/eos_bancor.png\"],\"links\":[\"https://docs.google.com/spreadsheets/d/1O3rPlq0GCOopljSEsQmlYws_w4LmhhJ-wvsnWztnFE8/edit#gid=766594341\",\"https://docs.google.com/spreadsheets/d/1O3rPlq0GCOopljSEsQmlYws_w4LmhhJ-wvsnWztnFE8/edit#gid=1365260655\",\"https://t.me/BPLiquidEOS\",\"https://t.me/bancor\",\"https://blog.bancor.network/\",\"https://twitter.com/Bancor\",\"https://bitcointalk.org/index.php?topic=1789222.0\",\"https://www.reddit.com/r/Bancor/\",\"https://steemit.com/@bancor-network\",\"https://github.com/bancorprotocol/contracts\",\"https://www.facebook.com/bancor/\",\"https://www.youtube.com/c/BancorProtocol\",\"https://www.instagram.com/bancornetwork/\",\"https://www.linkedin.com/company/17986744/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "title": "",
      "body": "we can implement it in a slab model, if ram is consumed by 10% then ram fee should be 1%, if it crosses 20%, ram fee should be 2%. it continuous for every 10%, so that the speculators maintain the price at lower but still gain in ram speculation. this makes win-win situation for both speculators and dapp devlopers",
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      "body": "I think this is an interesting proposition, setting the RAM contract to burn EOS at a constant rate could be a good solution.",
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      "permlink": "re-bancor-network-announcing-bancor-as-an-eos-block-producer-candidate-20180706t015605420z",
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      "body": "Thank for the read.",
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      "body": "This is not a good solution. Might as well start calling RAM Gas.",
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      "body": "The \"futures\" contract idea would be useful to allow speculation without resource hoarding.  This, however, opens another door to abuse.   Speculators would play the commodity against the derivative for gains.",
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      "body": "How about not allowing people to speculate on RAM, but instead only allow developers looking to use RAM to buy RAM?  The more developers buy RAM to airdrop and create Dapps on EOS the more valuable the available RAM becomes, but atleast the RAM is being used in a way that in return provides value to the EOS chain and tokens. RAM skyrocketed by 2000% at it's peak and all we've seen are 7 airdrops, a few folks make an amazing speculative trade but the majority of the community become concerned about the price of future airdropping & development. This could also lead to BP's buying RAM as a way of leveraging control over the chain as well. Let folks speculate on the coin, not the hardware used to establish value to the  coin.",
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      "body": "This sounds like TRUE CAPITALISM at work. As a person who enjoys history, this journey with EOS is awesome. Property rights in the digital age. INHO, maybe the right Dapp paying whatever the cost for the RAM will overcome the bull run. Why is all this free publicity bad again? I hear the argument that it is stifling innovation. I just contend there may be just as much pressure in this mess pushing people to choose this platform. In the end, I feel that Dan made a product and if it is half as good as his others, I will enjoy being an early investor. When the right Dapp lands on EOS, that is when the fun will begin.",
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      "body": "How about you ask the Dapps, the ones building on EOS, our opinion? It feels like everyone has a voice on the network but us. This is a horrible solution as we will have to pay a continuous fee on the reserved RAM for our application. I'd rather pay for RAM at $7 dollars and own it than see the RAM I have reserved devaluate at 11% a month bleeding us slowly. Maybe I'm missing something?",
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