Looks like the banx.io trading volume issue was resolved, based on the thread Dave linked.
I think this thread shows that crypto enthusiasts are not a trusting lot (we trust in MATH!), and that when different communities begin to interact, they need to vet each other first! Hopefully there are no hard feelings.
Yep...much vetting....which is what brings me here.
I still have a few questions, so lets start with establishing a baseline we can all agree on:
For reasons unknown, Banx.io was reporting a trade volume on the BANX<>BTC market to CMC that was 4 -5 times greater than the actual trading on Banx.io.
It got reported to everyone concerned by
poloscarted and myself, and after a few days, the issue was tracked down and corrected.
We all happy with this version of events ?
So here are the follow-up questions:
How did the problem/issue happen ?
Did someone deliberately code it in ? Make a coding error ? CMC mistake ?
How long was the error in place ?
Did it affect BANX listings on sites other than CMC ? (Should have checked this myself, but lazy)
Why did no-one else notice such an obvious issue ? (I'm not the smartest cookie in the box, but this was pretty simple)
Did anyone from BTS do any form of due diligence on Banx.io before the {ANN} ?
However it happened, this incorrect reporting of trade volume could only be beneficial to Banxshares, and so it's very easy to conclude that this could be a deliberate attempt to manipulate CMC and give BANX a boost.
Deliberate or not, the fact that no-one from BTS picked up on the inflated trading figures during the due diligence process with Banxshares also doesn't look good.
We are talking about the only BANX market here. How quickly do you think a mistake in the opposite direction would have been noticed and corrected ?
That, for me, is the crux of the problem: why did no-one from BANX or BTS notice and correct this, until pushed by myself and
poloscarted ?
(back in hour or so, got RL stuff going on...)