Topic: Are BanxShares as good as GAW Paycoin? - page 39. (Read 47093 times)

The Banx wallet has been available for any one to use for over six months here: https://github.com/Banx-Capital/BANX-qt

Mark. Can you not see how keeping banx in just your exchange appears to be some form of manipulation?

Also, how much did you bribe Gliss at coinmarketcap to keep your centralized asset in the top 10.

Maybe you shouldnt take our criticism as anything personal. After the whole mt gox fiasco it should be understood that things that feel fishy will make our hair bristle.

Allow proper trading of your asset without the actions that are seen as manipulative and then well talk

Except you do respond, by calling people trolls. 

You see your own business practices laid out for everyone to see, displaying the same patterns of failure and disaster that we've seen before;  you respond by dismissing it all as "out of context" or "inaccurate". 

But all of the quotes include links to the full original context, and you cannot name a single inaccuracy.

And you cannot answer the most basic of questions about what you're doing with other people's money.

I have resisted replying to any part of this thread up until now. And my policy of responding to trolls posting total inaccuracies and many quotes out of context will remain the same. I don't respond to them.

But I would like to address your specific post. I would like to say that we are always looking for ways to build more transparency to ease the healthy skepticism that this community has toward almost every competing asset.  So our forthcoming move to BitShares helps to address that essential trust issue by making our every move more auditable.

That's the kind of tactic they use in cults to maintain power

As a relatively long time BitShares community member, I do not remotely trust BanxShares.  If it is a scam, I don't know why they'd move it onto an open platform they do not control, but I guess we can wait and see what they do with it.  Anything they do to manipulate their token supply will be more transparent than it is now.  It's not like we can stop them from using our chain since it is an open platform.

As for public association between BitShares and BanxShares, BitShares has historically had great technology/developers and horrible marketing.  More people and businesses are just now beginning to seriously notice BitShares, and I think BitShares marketers are thrilled to announce any business endorsing the BitShares chain as a superior platform and moving onto it.  I agree they should be more careful not to let that come across as endorsement of anything they have no reason to believe is legitimate.

They tried to start it off as a crypto currency but its is just centralized crap with no wallet and a seemingly endless ICO selling phase.

Well all i did was internal transfer within exchange and that cost me 1 months pay and public humiliation by my real name.

So the price is indexed from their own exchange that creators of the coin control? Why does CMC even allow that? I'll link to this thread to CMC's thread and perhaps they'll list the actual exchange where trades happen...

I eye this shit since it passes the 5 million market cap.
Unbelievable!
- Only the own exchange that is pushing the price
- many users complain about not being able to sell there
- Sell orders are being "removed" before raising the price... ridiculous

Hopefully it will vanish soon from this position, because there are surely enough idiots that drop their money there, as long at it's present.
And it will stay, as long as there are coming more of those idiots...
I don't even know, why coinmarketcap added them...

How about this -

BANX is supposed to be in ICO, for a set price, with a set supply of coins.

But according to CoinMarketCap, the marketcap has increased from under $2 million to over $12 million.  During the ICO period.

How can the market cap change so much, if the price and supply are fixed? 

CMC says the current price is $1.74.  Mark says the price is set in dollars, not BTC.  But it's not set in either, because BANX launched for under $1.00 no matter what exchange rate you use.

Seem to remember bigmanintown threatening to get lawyers involved for apparent slander. That reminded me of GAW, right there.

A great episode of LTB, gave a revealing insight to some of the shenanigans going on at GAW/Paycoin...   

http://bitcoin-portal.info/2015/04/11/lets-talk-bitcoin-203-digging-in/

Pumpers and scammers work in pools, while the rest of us are here solo.  Our computers connect to peers but we don't.

If someone clicks the Altcoin Discussion board right now, maybe they'll see this topic.  But if they come along 10 minutes later, they might never see it.  I'm just one guy, and you're just one guy, and we're not planning this out.

But Banx has 4 or 5 people that all show up together and present a unified front.  They make a plan and they carry it out. 

That's why I like uCrypto.co, because it's better for making contacts and joining groups for the information you want to keep up with.  Joining a pool.    But it just launched last week, so the main thing it needs is users.

Great work here. Thank you for posting.

I think most people could see it was fairly obvious that it was basically scam/medium to long term con-job from the start. But there are a lot of people in this scene who often get taken advantage of and having a specific post like this where you point everything out is very useful and will hopefully save people some money.

Was really surprised that Bitshares was willing to associate with them. Shocked actually. It's one thing to have an open platform where anyone can use it, but it's another to publicly associate with something like this. Bitshares marketing constantly leaves me scratching my head wondering what they are thinking.

More from EvilDave's link:






OK, that is ByronP.  He's some kind of dev who runs the former AtomicTrade exchange after Banx bought it.

Just like GAW bought CoinSwap.

And ByronP always shows up to speak with authority, because he works for Banx.  Just like all the guys who worked for GAW "knew that it wasn't a scam because they worked on it every day."

He really believes in Mark.  BanxCEO does so much, risks so much, puts so much of his own money out there FOR YOU the investors!  

Just like GAWCEO was worshipped by his followers.  Take us to the promised land of getting rich, oh leader.  

"If anyone stands to lose it's him."  Really, ByronP?  Not the $2.2 million that is supposed to be raised with the ICO - that's nothing compared to the great personal sacrifices made by Mark?

Just like GAW, investors were made to feel guilty for not having enough faith in their Christ-like sacrifical leader.  If they had any questions, they were hurting everyone...but worst of all, they were hurting the man who gave his life for them!

And then when it falls apart, these same followers and employees "Didn't know what was going on in the other parts of GAW.  It was Garza's plan to scam everyone, and he had his own employees fooled."

Does that sound like the kind of statement you might make a few months from now, ByronP?

Maybe. I unfortunitly don't have exactly all the details of how gaw scammed.


But this has got to make one wonder about the relationship of banx to bitshares.

Birds of a feather flock together.   

I don't believe BanxShares has done anything that GAW and Paycoin didn't already do.

GAW and Paycoin lost credibility long before the price dropped.  They were scammers, selling nothing and calling it something.

If you're not sure whether BanxShares is real, then go read more about Paycoin.  When an "investment" admits that it is only paying you small monthly portions of your own money that you gave them, it has no credibility.

Thanks for the link, that topic didn't show up in search results because the title has been redacted "after the problem was fixed".

Banx is still #7 on CoinMarketCap;  the problem hasn't been fixed.


But that thread has some good stuff:




They claim that they only sell shares privately, and that all the orders on the exchange are between individual users and not BanxCapital.  

That is not true.  

First of all, they don't allow users to sell below the ICO price.  And the ICO price changes as they see fit.

Secondly, there are orders below the ICO price, always below the price of all user sell orders.  What that effectively means is that normal users can never sell their shares.  The only executable orders must come either from BanxCapital themselves, or from people who have entered into a special relationship with BanxCapital to sell the shares under specific direction from BanxCapital.

Third, Mark Lyford himself directly sold shares at Alcurex and C-Cex.  Alcurex is quoted saying "Mark, the only BANX left at Alcurex are in your account."

So, even if the orders on the exchange are actually from investors and not placed directly by BanxCapital, the people placing the orders are acting in agreement with BanxCapital.  "We sell you the BANX, and you are the only ones allowed to sell it on the exchange for the current market price."






He says that no one else has listed BANX, but 2 exchanges already listed it.  Then, after Mark himself deposited BANX into those exchanges, he forked the coin and made his own deposited coins invalid and unable to be sent to or from wallets or to Banx.io.  

Then he says C-Cex users hacked the Banx blockchain;

#1 - How do you know the hackers were from C-Cex?  If you have determined their identities, have you filed criminal charges?

#2 - What blockchain did they hack?  The one that couldn't even be mined?

#3 - How do you hack a blockchain, Mark?  Is it similar to how you said big miners hit the coin too hard and got all the coins with their mining power, and then dumped them too cheap?  (When and where did they sell these coins below the ICO price?)

#4 - Why is this information being shared now, 10 months after "the hack" happened?  You announced that C-Cex coins were invalid, but you didn't say anything about a hack: