[ANN] BANX Capital Joins BitShares Exchange Network

[cylonmaker2053]

great video, esp love the Bitshares 2.0 discussion [starts ~13:00]. thanks for sharing!

[MarkLyford]

pleasure mate, more videos featuring BTS 2.0 will be coming out shortly

[xeroc]

NIce exposure for BTS2.0 .. Thank your for that!

[MarkLyford]

Hi Folks

Here is the link to our Banx Promo video: https://vimeo.com/133425780

Please note this is a private video for private investors use only and not to be shared.

Any questions let me know

Thanks

Mark

[cylonmaker2053]

Great stuff. It would be good to know the outcome.
Wouldnt there still be an issue because you are allowing for the international trade of theses shares/tokens/depository recipes.
Therefore while you may not be conducting illegal activity in that jurisdiction, does it not put you in regulatory hot water on an international level.

Eg. You find a jurisdiction that is happy with everything. You issue shares as crypto currency. They are traded internationally. The US throws a tantrum because the NSA says people are now using the shares to fund terrorism. The next time you go to the US they not so friendly.

yes, i think that's absolutely the case...there are plenty of less violent jurisdictions than the USSA that would allow operation of a blockchain business issuing tokens, but the U.S. government would still consider itself capable of ordering you to stop, collect information on every transaction and person, etc. i would say that they would just try to make your life miserable by seizing any U.S.-based assets or assets in allied countries, and abducting you if you ever crossed back into their turf; however, i wouldn't put it past some of the more violent bureaucrats from hatching a plan to abduct you while abroad.

BOTTOM LINE: there are plenty of very violent people in power who think they own you. tread carefully!

Yes, this would be my concern.
If it can be proven that you are engaging US based customers/users, then they will enforce their laws on your operation.

My suggestion would be to exclude users from the US or at least the State of New York (as many other Bitcoin companies are doing). However this will involve white listing to ensure people are not from countries that would want to ban this activity. And that would start defeating the point of crypto.

Maybe this restriction can be done at an IP level, where people from the US, Russia etc are not allowed to access certain parts of your website. If users then go around you and purchase Banx shares in a decentralized way, well then you can atleast say you tried your best to prevent that.

(Its funny how I just grouped the US with Russia)

lol you're right to group the U.S. with Russia in this case, which is very sad...

i agree with your IP level exclusion recommendation. savvy USSA subjects will bypass anyway with a good VPN, but at least putting that restriction in place should comply with some of the innumerable/incomprehensible orders.

[MrJeans]

Great stuff. It would be good to know the outcome.
Wouldnt there still be an issue because you are allowing for the international trade of theses shares/tokens/depository recipes.
Therefore while you may not be conducting illegal activity in that jurisdiction, does it not put you in regulatory hot water on an international level.

Eg. You find a jurisdiction that is happy with everything. You issue shares as crypto currency. They are traded internationally. The US throws a tantrum because the NSA says people are now using the shares to fund terrorism. The next time you go to the US they not so friendly.

yes, i think that's absolutely the case...there are plenty of less violent jurisdictions than the USSA that would allow operation of a blockchain business issuing tokens, but the U.S. government would still consider itself capable of ordering you to stop, collect information on every transaction and person, etc. i would say that they would just try to make your life miserable by seizing any U.S.-based assets or assets in allied countries, and abducting you if you ever crossed back into their turf; however, i wouldn't put it past some of the more violent bureaucrats from hatching a plan to abduct you while abroad.

BOTTOM LINE: there are plenty of very violent people in power who think they own you. tread carefully!

Yes, this would be my concern.
If it can be proven that you are engaging US based customers/users, then they will enforce their laws on your operation.

My suggestion would be to exclude users from the US or at least the State of New York (as many other Bitcoin companies are doing). However this will involve white listing to ensure people are not from countries that would want to ban this activity. And that would start defeating the point of crypto.

Maybe this restriction can be done at an IP level, where people from the US, Russia etc are not allowed to access certain parts of your website. If users then go around you and purchase Banx shares in a decentralized way, well then you can atleast say you tried your best to prevent that.

(Its funny how I just grouped the US with Russia)

EDIT: redirect them here     http://pleaseprotectconsumers.org/

[Ben Mason]

The public smartchain is human government - humans governing themselves with math as the incorruptible judge.  Legacy governments, and privately controlled smartchains  are welcome to compete with the human smartchain, but only the strong will survive.  Competition is the nature of nature, and humans competing with computers has a predictable outcome.

BitShares - The Human Smartchain

love it! 

technology and advancing civilization is teaching humans how to govern themselves...hopefully it doesn't take too much longer before more people realize how obsolete most aspects of the state have become.

 

[cylonmaker2053]

The public smartchain is human government - humans governing themselves with math as the incorruptible judge.  Legacy governments, and privately controlled smartchains  are welcome to compete with the human smartchain, but only the strong will survive.  Competition is the nature of nature, and humans competing with computers has a predictable outcome.

BitShares - The Human Smartchain

love it! 

technology and advancing civilization is teaching humans how to govern themselves...hopefully it doesn't take too much longer before more people realize how obsolete most aspects of the state have become.

[cylonmaker2053]

Great stuff. It would be good to know the outcome.
Wouldnt there still be an issue because you are allowing for the international trade of theses shares/tokens/depository recipes.
Therefore while you may not be conducting illegal activity in that jurisdiction, does it not put you in regulatory hot water on an international level.

Eg. You find a jurisdiction that is happy with everything. You issue shares as crypto currency. They are traded internationally. The US throws a tantrum because the NSA says people are now using the shares to fund terrorism. The next time you go to the US they not so friendly.

yes, i think that's absolutely the case...there are plenty of less violent jurisdictions than the USSA that would allow operation of a blockchain business issuing tokens, but the U.S. government would still consider itself capable of ordering you to stop, collect information on every transaction and person, etc. i would say that they would just try to make your life miserable by seizing any U.S.-based assets or assets in allied countries, and abducting you if you ever crossed back into their turf; however, i wouldn't put it past some of the more violent bureaucrats from hatching a plan to abduct you while abroad.

BOTTOM LINE: there are plenty of very violent people in power who think they own you. tread carefully!

[Erlich Bachman]

Wouldnt there still be an issue because you are allowing for the international trade of theses shares/tokens/depository recipes.
Therefore while you may not be conducting illegal activity in that jurisdiction, does it not put you in regulatory hot water on an international level.

Eg. You find a jurisdiction that is happy with everything. You issue shares as crypto currency. They are traded internationally. The US throws a tantrum because the NSA says people are now using the shares to fund terrorism. The next time you go to the US they not so friendly.

The public smartchain is human government - humans governing themselves with math as the incorruptible judge.  Legacy governments, and privately controlled smartchains  are welcome to compete with the human smartchain, but only the strong will survive.  Competition is the nature of nature, and humans competing with computers has a predictable outcome.

BitShares - The Human Smartchain

[MarkLyford]

That's the plan.

Don't worry, we have something cool in store that is very much like what you have described.

Are you hiding in my office?   

excellent, well good luck! looking forward to hearing any news updates.

Oh man, now you have to give me some in-site here.
I've really been trying to wrap my head around how this could be done legally.

I am also meeting some some high powered lawyers (which I am lucky/unlucky enough to know) to discuss this stuff on the 21st.

Do your ideas involve any changes in code or are they business structuring ideas. PM me please!

i'm guessing the fix is to go offshore to a reasonably peaceful jurisdiction. Isle of Man seems friendly enough to crypto...

Murderistic & I have a meeting planned soon with a government jurisdiction to address this issue. Watch this space

Great stuff. It would be good to know the outcome.
Wouldnt there still be an issue because you are allowing for the international trade of theses shares/tokens/depository recipes.
Therefore while you may not be conducting illegal activity in that jurisdiction, does it not put you in regulatory hot water on an international level.

Eg. You find a jurisdiction that is happy with everything. You issue shares as crypto currency. They are traded internationally. The US throws a tantrum because the NSA says people are now using the shares to fund terrorism. The next time you go to the US they not so friendly.

Well the theory is that a digital block chain asset is no difference to a bearer share, which some jurisdictions still have, (bearer share being an instrument that is on its own verification of company ownership)

The US already don't like mate mate

[MrJeans]

That's the plan.

Don't worry, we have something cool in store that is very much like what you have described.

Are you hiding in my office?   

excellent, well good luck! looking forward to hearing any news updates.

Oh man, now you have to give me some in-site here.
I've really been trying to wrap my head around how this could be done legally.

I am also meeting some some high powered lawyers (which I am lucky/unlucky enough to know) to discuss this stuff on the 21st.

Do your ideas involve any changes in code or are they business structuring ideas. PM me please!

i'm guessing the fix is to go offshore to a reasonably peaceful jurisdiction. Isle of Man seems friendly enough to crypto...

Murderistic & I have a meeting planned soon with a government jurisdiction to address this issue. Watch this space

Great stuff. It would be good to know the outcome.
Wouldnt there still be an issue because you are allowing for the international trade of theses shares/tokens/depository recipes.
Therefore while you may not be conducting illegal activity in that jurisdiction, does it not put you in regulatory hot water on an international level.

Eg. You find a jurisdiction that is happy with everything. You issue shares as crypto currency. They are traded internationally. The US throws a tantrum because the NSA says people are now using the shares to fund terrorism. The next time you go to the US they not so friendly.

[MarkLyford]

That's the plan.

Don't worry, we have something cool in store that is very much like what you have described.

Are you hiding in my office?   

excellent, well good luck! looking forward to hearing any news updates.

Oh man, now you have to give me some in-site here.
I've really been trying to wrap my head around how this could be done legally.

I am also meeting some some high powered lawyers (which I am lucky/unlucky enough to know) to discuss this stuff on the 21st.

Do your ideas involve any changes in code or are they business structuring ideas. PM me please!

i'm guessing the fix is to go offshore to a reasonably peaceful jurisdiction. Isle of Man seems friendly enough to crypto...

Murderistic & I have a meeting planned soon with a government jurisdiction to address this issue. Watch this space

[cylonmaker2053]

That's the plan.

Don't worry, we have something cool in store that is very much like what you have described.

Are you hiding in my office?   

excellent, well good luck! looking forward to hearing any news updates.

Oh man, now you have to give me some in-site here.
I've really been trying to wrap my head around how this could be done legally.

I am also meeting some some high powered lawyers (which I am lucky/unlucky enough to know) to discuss this stuff on the 21st.

Do your ideas involve any changes in code or are they business structuring ideas. PM me please!

i'm guessing the fix is to go offshore to a reasonably peaceful jurisdiction. Isle of Man seems friendly enough to crypto...

[38PTSWarrior]