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Offline Pheonike

BanxShares
« on: October 09, 2014, 06:35:00 PM »


Has anyone been following these guys? They are starting an exchange in the Isle of Man which will include fiat to cryto. They are 22 on coinmarket. They may good to work with for bitusd.  Are we doing anything in the Isle of Man. They are cryto-friendly jurisdiction.

http://banxcapital.com/banx-capital-overview-from-mark-lyford/
http://banx.io

Offline xeroc

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Re: BanxShares
« Reply #1 on: October 09, 2014, 07:16:33 PM »
that page reminds me alot of mintpal.com's new page layout :)
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Offline Ander

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Re: BanxShares
« Reply #2 on: October 09, 2014, 07:30:36 PM »
I literally just saw them on coinmarketcap and was like "what the hell is BanxShares"?

Anyone know what exchanges they trade on?
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Offline testz

Re: BanxShares
« Reply #3 on: October 09, 2014, 07:34:44 PM »
I literally just saw them on coinmarketcap and was like "what the hell is BanxShares"?

Anyone know what exchanges they trade on?

According coinmarketcap only https://banx.io

http://coinmarketcap.com/currencies/banxshares/#markets

Offline nomoreheroes7

Re: BanxShares
« Reply #4 on: October 09, 2014, 07:57:25 PM »
Is it 100% premined or something? Surely no one's actually buying this...

Lol I like how it's market cap jumped nearly 500% in an hour earlier today.
« Last Edit: October 09, 2014, 08:00:24 PM by nomoreheroes7 »

Offline Ander

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Re: BanxShares
« Reply #5 on: October 09, 2014, 09:06:33 PM »
Is it 100% premined or something? Surely no one's actually buying this...

When you are issuing shares of stock, "100% premined" is not an issue.  You could say we (bitshares) are premined.    In fact, the proof of work believers do exactly that and use it to dismiss BTSX as not worth considering.


That said, I dont know anything about what BANXShares are. 
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Offline Rune

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Re: BanxShares
« Reply #6 on: October 09, 2014, 09:40:45 PM »
Since they have no fiat currency in the beginning, we MUST have them use bitUSD. It could be the first place where bitUSD starts to gain volume, like nubits has on bter.com

I'd be willing to put up some bitUSD capital to fund a bot there if anyone is thinking of doing this.

Offline Gentso1

Re: BanxShares
« Reply #7 on: October 09, 2014, 09:57:08 PM »
they lost me at "investing money in bitcoin mining"and selling "bitcoin mining contracts".

Offline Rune

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Re: BanxShares
« Reply #8 on: October 09, 2014, 11:05:06 PM »
they lost me at "investing money in bitcoin mining"and selling "bitcoin mining contracts".

If there's a demand for it, then what's wrong with doing it?

Offline edilliam

Re: BanxShares
« Reply #9 on: October 09, 2014, 11:26:21 PM »
Ha, that's actually quite a clever name. I assume they have gone for it due to it being a play on the words "banks" and "manx". People from the Isle of Man are called manx and they even have their own language. http://en.wikipedia.org/wiki/Manx_people

Offline gamey

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Re: BanxShares
« Reply #10 on: October 11, 2014, 11:00:40 PM »
Ha, that's actually quite a clever name. I assume they have gone for it due to it being a play on the words "banks" and "manx". People from the Isle of Man are called manx and they even have their own language. http://en.wikipedia.org/wiki/Manx_people

https://bitcointalk.org/index.php?topic=813191.0  I read this.  It is a bit bizarre but you can't assume everyone is a scammer.  I do find it very strange that the market cap is so high relative to their volume on coinmarketcap.  Sounds like the ol trick NXT used to jumpstart.
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Offline Gentso1

Re: BanxShares
« Reply #11 on: October 12, 2014, 12:07:45 AM »
they lost me at "investing money in bitcoin mining"and selling "bitcoin mining contracts".

If there's a demand for it, then what's wrong with doing it?

nothings wrong with it, I have my doubts about future demand for it. I think mining will become more and more centralized with the threshold to enter being higher and higher.   

Offline xeroc

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Re: BanxShares
« Reply #12 on: October 12, 2014, 10:19:06 AM »
nothings wrong with it, I have my doubts about future demand for it. I think mining will become more and more centralized with the threshold to enter being higher and higher.
A quick research shows that the PoW period is over in BANX .. haven't looked into it further ..
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Offline domsch

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Re: BanxShares
« Reply #13 on: October 12, 2014, 11:43:45 AM »
I don't see Isle of Man as a major Crypto Hub in the future. Other jurisdictions hold a much higher potential as a strong and powerful driving force of this space.

Offline fuzzy

Re: BanxShares
« Reply #14 on: October 12, 2014, 12:07:16 PM »
I don't see Isle of Man as a major Crypto Hub in the future. Other jurisdictions hold a much higher potential as a strong and powerful driving force of this space.

Omfg...a ghost from the past...

Could it really be?
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