Bancor Protocol - Official White Paper (Blockchain Technology)

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Bancor Protocol Continuous Liquidity and Asynchronous Price Discovery for Tokens through their Smart Contracts; aka “Smart Tokens”

Eyal Hertzog, Guy Benartzi & Galia Benartzi May 30, 2017 Draft Version 0.99

The phrase "double coincidence of wants" was coined by Jevons (1875). "The first difficulty in barter is to find two persons whose disposable possessions mutually suit each other's wants. There may be many people wanting, and many possessing those things wanted; but to allow of an actual act of barter there must be a double coincidence, which will rarely happen."


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