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RE: Understanding the Bancor Protocol (and Its Similarties to Bitshares)

in #bitshares7 years ago

Just asking not quite sure, but isn't Bancor similar to what Steemit is? I'm asking because my understanding that people can buy your crpto currency from Bancor if they see an intrinsic value to what you offer. Isn't that kinda of similar as to what we do on Steemit, we vote people up and give them value so therefore their steemit value increase?
Please clarify if I'm misunderstanding the two.