William Mougayar on Bancor

a photo of crypto expert reviewer William Mougayar

William Mougayar is Managing Partner and Chief Investment Officer at JM3 Capital, an investment fund focused on blockchain technology. He's also the founder of Token Summit, an annual conference on crypto tokens.

expert reviewed cryptocurrency Bancor logo

Bancor is a protocol that allows users to exchange tokens without requiring a counterparty.

Decentralized exchange

Bancor reviews by William Mougayar

🔑 0 positive | 💩 2 negative


  • 💩

    Bancor's scheme is odd, arguably flawed & certainly convoluted, posing a dependency risk on ETH. Their propaganda tone is just that.

    2017-07-14 | Full Review

  • 💩

    The Bancor ICO pushed the limits of what’s possible in today’s permissionless blockchain innovation environment. Permissionless doesn’t mean absurdness, nor recklessness. They didn’t break any laws (because there are no hard laws yet in tokenland), but they didn’t establish best practices either.

    The credibility of the Bancor ICO leaves a lot to be desired due their slam dunk execution style that flew in the face of a permissionless environment that was quite forgiving, as long as excesses didn’t occur.

    2017-06-13 | Full Review

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When you talk to developers and see the level of activity around the Ethereum technology, you will quickly realize that Ethereum is spurring business and societal innovation at the global level, while opening the door to a new class of applications, never seen before. Ethereum is leading the pack in decentralized application protocols because of the support and vibrancy of its community members who are being drawn by the superiority of its platform capabilities.

2015-05-23 | Full Review


Over $20 million in STEEM distributed to Steemit users since launch, says Ned Scott of Steemit. Proof of a real work token.

2017-11-02 | Full Review


If regulators push out security tokens from the big exchanges, more crypto trading will move to decentralized on-blockchain relayed networks, and that will be a boon for decentralized protocols such as 0x.

2018-03-09 | Full Review

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Bancor is all the risk of a centralized exchange, with none of the benefits like instant multilateral execution, and settlement guarantees. The worst of both worlds.

2018-07-10 | Full Review


A Bancor wallet got hacked and that wallet has the ability to steal coins out of their own smart contracts. 🤦‍♂️

An exchange is not decentralized if it can lose customer funds OR if it can freeze customer funds. Bancor can do BOTH. It's a false sense of decentralization.

2018-07-10 | Full Review


Bancor can be gamed by miners, and, even if the miners are naive or benevolent, will always trail the real market. It provides no efficiency guarantee during this discovery process, and will likely waste its reserves on market price discovery. You should think twice before you layer a coin on top of Bancor.

2017-06-19 | Full Review

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