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Technical Support / Re: [ANN] BANX Capital Joins BitShares Exchange Network
« on: June 23, 2015, 05:51:41 pm »banx is a ponzi scheme. the 'banx share' token use to be on blockchain. It was great when it was only traded on the Banx Capital central exchange, because they manipulated the trading, and made it seem like it only goes up in value. But since its an altcoin on a blockchain, another exchange finally hosted it, and the prices diverged. So banx shares was then migrated off the blockchain to Banx Capitals private accounting book. Now no one is allowed to sell the banx shares they own, only to buy from on the central exchange. In the period it went to 10 million market cap. wow!
Why do people want to buy 'banx shares' which they cannot sell? It pays dividends, if you get on a mailing list. and Banx Capital claim banx share owners are part of an IPO, and that eventually you can sell your banx shares.
There is no actual profit in the company. dividends, to those who are paid, is paid from funds of share purchasers. And a PR operation is funded as well.
Banx Capital says they are going to use bitshares technology... to convince people to buy more banx shares lol. that's all. they have no real business.
Yes a few months ago they finally set up a working crypto currency exchange. it has no volume I don't think? Banx Capital has no expertise and just enough skill to con people over on bitsharestalk.org
I don't mind people having critical thinking and asking tough but necessary questions, but do you have any fact to back your claim that "banx is a ponzi scheme"? If you do, please don't hesitate to expose those facts so that everybody can make their own mind. Otherwise, I'm sorry to tell you that you won't be taken seriously around here.