Perhaps we should implement it after all, just to prove our superiority... https://twitter.com/joeykrug/status/874450730182000641
I had forgot about Bancor Smart Tokens the other day when I was discussing adding Prisms to Bitshares. If Bitshares were to add a feature, then I think this or something more along the line of Prisms (
https://bitsharestalk.org/index.php/topic,24271.0.html) would be a good idea.
After learning how Bancor works, I have realized that Smartcoins still have their place, as you cannot create a Prism/Bancor Smart Token with Gold, Silver, USD, GOOG, APPL, (etc...) in it without using something like a Bitshares smartcoin to go in the Prism/Bancor Smart Token portfolio.
Copying either Bancor Smart Tokens or Prisms on the Bitshares blockchain would each have their own separate pros and cons:
Bancor:High liquidity
More complicated economics
More complicated to implement into Bitshares
Prisms:Low liquidity
Less complicated economics
Less complicated to implement into Bitshares
IMO, I think the liquidity provided by the Bancor Smart Token model be worth the higher development costs, because I think that liquidity is still the main thing holding Bitshares back. Implementing Prisms on Bitshares will probably take another 3 to 5 to 10 years before we see them liquid enough to be very useful. We would have to wait for the Prism's market liquidity to bootstrap itself slowly over time, similar to how we have had to wait a long time for decent Smartcoin liquidity.
Bancor on the other hand has liquidity baked in from the get go. This would bolster liquidity on the DEX. You could create one asset Bancor Smart Tokens that only contain one Smartcoin in its portfolio, such as bitUSD, and let the free market decide which market pegged asset design they like more. Then there's the added benefit of easily creating multi-asset Bancor Smart Token portfolios too.
It seems like those knowledgeable with Ethereum think Bancor will not work on Ethereum due to scaling issues, so I think it would be really good marketing if the same model were made to work on Bitshares. Along with all of the added benefits of adding the feature. I am normally against dilution for development/advertising, but I think such a feature would be a big boost to the value of the Bitshares token and its DEX.