Banx and how they mislead their customers, includes deceptive name, manipulation and PONZI ALERT - page 4.

MarkLyford

sr. member

Activity: 455

Merit: 250

Quote from: crypto jerk on September 27, 2015, 10:34:23 AM

Interesting. The banx team must have labled me a hater and put me on ignore. Lol as theyve been all over the gaw comparison thread like stink on shit.

Not put you on ignore, just not interested in arguing with you any more on points that have already been addressed on other threads that you have trolled on.

DecentralizeEconomics

legendary

Activity: 1162

Merit: 1042

White Male Libertarian Bro

Quote from: ?? on ??

There is no doubt that Banx is a Scam.

runpaint

sr. member

Activity: 518

Merit: 250

Banx is supposed to be transitioning to BitShares soon, and will then be listed as an asset.

BitcoinNational

legendary

Activity: 1470

Merit: 1010

Join The Blockchain Revolution In Logistics

agree with OP ...

BANX, YB, and the TRMB "Asset Backed Coin"

all "there is no REAL market-cap because there is no REAL market" kind of coins

very marine coin like Wink

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I would guess Gliss just doesn't know how to list them.

He has
LevelA normal coins
LevelB low volume coins
LevelC slightly broken api feed coins

Gliss regulate BANX to LevelC to hang out with LEO coin Wink

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or this

Quote from: MarkLyford on June 25, 2015, 05:19:01 AM

Quote from: ?? on ??

Coinmarketcap will soon list BANX among the other "cryptoassets" because that is exactly what it is. Therefore, it is not a "scam" but a "listing error" that will be corrected.

I have spoken with Gliss at CMC about this and when Banx Shares move to the Bitshares blockchain they will be then classed as an asset.

list as asset
BANX on the BANX platform

crypto jerk

full member

Activity: 236

Merit: 100

Interesting. The banx team must have labled me a hater and put me on ignore. Lol as theyve been all over the gaw comparison thread like stink on shit.

KhalDrago

sr. member

Activity: 350

Merit: 250

Gliss seems pretty careless or he is inactive in this forum, 100% agree with op.

crypto jerk

full member

Activity: 236

Merit: 100

reserved

crypto jerk

full member

Activity: 236

Merit: 100

This gets a new thread as it is a different point to the Banx Gaw thread.

As per the title Banx is misleading its customers through manipulation and incompetence. However +1 for their creativity.

I believe the crux of the matter here is the market-cap of Banx.

There is no market-cap of Banx

They should be immediately removed from coinmarketcap. Gliss you are doing us all a disservice by leaving it up.

I say there is no market-cap because there is no market. Their +1 creativity is in their extremely long and still going ico.

In order for a market there has to be price discovery. There is NO price discovery as you can't sell Banx.

Banx is only bought on their own centralized exchange. Now here is where the confusion lies, Banx at the beginning (a year ago) was on a few exchanges. This created a market and therefor a market-cap, however, The initial distribution was highly flawed (they fucked up) as they are only faking it till they make it.

Once the distribution got all fucked up and their manipulation got caught they retreated to their castle and only allowed buying on their exchange. This is all still during the ongoing forever ico.

Because Banx is listed on Coinmarketcap it gives the illusion (like a magician) that there is a market and therefor price discovery and therefore what you are seeing is real. This in and of itself is misleading, and IS a form of manipulation (the long slow con). (remember they have already been caught for manipulating)

Topic: Banx and how they mislead their customers, includes deceptive name, manipulation and PONZI ALERT - page 4. (Read 4719 times)