Quote from: MarkLyford on October 21, 2015, 06:48:29 pm

I am doing a Q&A about Banx tomorrow. you are all welcome to attend : https://attendee.gotowebinar.com/register/9021241487662865409

Webinar cancelled 12 minutes after it was supposed to start.

Appolgies. It wasn't cancelled I just had to log in again (tech issues) The replay is here > http://app.webinarjam.net/register/20134/6a2756c195

Regards

Mark

I would urge anyone interested in what we are doing and our plans going into 2016 to join me on this webinar later today . You can register here >> https://attendee.gotowebinar.com/register/9021241487662865409

thanks

Mark

Quote from: Akado on October 21, 2015, 11:50:18 pm

... I'm saying this because I really believe - letting transparency issues aside - that this is one of the main reasons why people fud all over your project: the moment I open the pages they immediately strike me as scam/ad like pages. Poor design, big letters, random pictures that seem to be taken from a google image search, the "do now", "buy now", "it's the only way"  sort of things.

[...]

If you believe in your project keep it up, don't let the fud and trolls affect your motivation or make you start doubting yourself. Keep focused, ignore. Most are children. If not, they have petty lifes. On btc i can only imagine kids and 40's crying and trolling over everything which makes me think their life is pathetic so don't even waste time on that. Keep it up and good luck 

The cognitive dissonance is strong here.

Feel free to call me a child or having a petty life, but you know, if it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. You agree that it looks like a duck and swims like a duck, but you still believe in Mark's integrity. I would love to believe in Mark's integrity, but when he "answers to everything" and when you look at the answers they are empty shells, that is a clear alarm call. Please try to do the critical thinking necessary here and evaluate what he says.

What we ask for is hints for sound business behind banx' claimed profits. The answer Mark gives us is essentially mining and trading. Do you really believe that? If there are no actual profits, then the situation is clear: banx is a ponzi. "BitShares associated with a ponzi scheme". Come on, our credibility is on the line here, we're shooting our own foot even though we have probably the best technology out there.

Im not sure what else I can do to show you what we are doing , what our income is etc. Did you check the zip files with screen caps of income? I didnt even include income from our software business (which is not part of Banx) but shows we have real businesses going on

I guess it is what it is.

Mark, like inarizushi said, you're not giving straight answers to the important questions. I see much the same pattern in response to Ian's questions. Have you considered a career in politics?

Your entire business strategy appears to be pocketing the difference between huge promises and minor results. Your claim of 16% per month, with zero supporting evidence (yes, I searched the zip files) is simply outrageous. The lack of a satisfactory explanation as to why you're sharing your gold mine at all, never mind with small-fry investors instead of well-heeled professionals, is telling.

To address some of your points:

1) I'm not going to buy your book but nice try. I don't think any less of you for growing plants but there's clearly more to the story.
2) In that case, how about waiting until after the audit to migrate to BitShares?
3) If that dev got paid in BanxShares, I expect he got exactly what he deserved.
4) Don't count on getting $2 (or whatever the fixed price is now) per BanxShare in a free market.
9) The Banx Group (HK)... You mean your virtual office in Hong Kong? Who has access to those shares?

I don''t even know what to say about the option deal. But if your marketing plan is to produce an attention-grabbing trainwreck, it's working.

1) I didn't ask you to buy the book I offered you a link to download it (http://rebelentrepreneurbook.s3.amazonaws.com/Mark_Lyford_Rebel_Entrepreneur.pdf)
2) Why would I have to wait for accounts to be filed to do that? As i have said to Demartino and the trolls I will migrate Banx to BTS when I think it best for the company.
3) Really?
4) I have never counted on anything in this world.
9) Yes my virtual HK office with a real company. I have access to those shares as I am the director of the company in charge.

You are obviously not a fan, thats fine.

What needs to be remembered is this is a private company running as a business not anything else. People who have purchased Banx tokens from me direct are happy with my plans and happy that we are open enough to have to change those plans as I and the people I work with see fit.

I decide, with help from input from banx holders what it best for the company and to facilitate the growth of said company.

The problem is you state you generate income with no risks. That makes people view it with suspicion. Just edit that and state there are risks like any other investment and people are responsible for their own money. That should do it.

Points taken. I will get those disclaimers on asap

@HeySteve

Business and especially the crypto business changes week by week month by month. It's realistic to assume plans need to change all the time.

I wrote a book two years ago about my life, many of the questions are in here >> http://rebelentrepreneurbook.s3.amazonaws.com/Mark_Lyford_Rebel_Entrepreneur.pdf

Hi Steve,

Please see my answers below:

  1) How long were you in prison and what were the charges?
Mark >> Two years of a four year sentence for cultivation of cannabis

  2) How much money has been raised in Bitcoin terms by the ICO and what was the target?
Mark >>  Most of our investment has been made in UKP and USD this number is under $500,000 so far.

  3) Was BanxShares based on the Foocoin template?
Mark >> To be honest I have no idea, the dev who did our original wallet was asked to set it up, that dev is no longer around and ultimately didn't do a very good job of it.

  4) Please describe the current state of active Banx projects and explain any shortfalls, ie. 1 ATM of a promised 12 this year, 300 GH/s mining operation of a promised 2 TH/s, etc. Please mention which projects have yet to be commenced.

Mark >> As previously explained we are way behind on our plans due to not selling all Banx Shares. We never promised anything we projected based on being able to sell all banx. We got up to 90 Th of mining, that equipment is being sold off (They were Spondoolies SP31 miners) and based in the US. We have Banx Mint, Banx.io, Banx Cards, Banx Trade up and running at the moment in addition to our information and membership products.

  5) You mentioned moving your operations to the Isle of Man, has this happened yet?

Mark >> This was last year and didn't happen due to IOM not being ready for crypto companies, we are in HK, Panama and the UK now
  6) 16% monthly ROI with virtually zero risk? Please provide trading record and specify the venue where these trades are being conducted.

Mark >>  This has been done in the response thread to Ian DeMartino here: http://digitalmoneytimes.com/banxshares-was-removed-from-coinmarketcap-rankings-and-not-because-of-ponzi-accusations-the-official-response-from-mark-lyford/

  7) The mining operation, where is it based, what is the electricity cost there and what hardware is it using?

Mark >> See above.

  Why was the company JVZoo included as an asset of BanxCapital in the documentation sent to Ian DeMartino?

Mark >> JVZoo is not our company is is the affiliate platform we use for product sales.

  9) Please explain how holders of BanxShares may sell them, at this current time.

Mark >> They are able to sell them on banx.io if they don't have pre agreed hold periods.

10) Please provide a timeframe for the migration to BitShares.

Mark >> Currently working on this, the realist is when we move to BTS our ICO will be over. Therefore we have to judge the best time to move and the remaining Banx we have to sell together with how not selling remaining banx will effect our plans. So to answer your question I don't have a specific date yet, but will be in a position in the coming weeks to make that decision.

11) Will there be any restrictions on the trade of BanxShares should they appear on the BitShares exchange?

Mark >> Yes some Banx shares holder who still have holds on their Banx will have vesting dates on their Banx once we are on the BTS network.

12) Roughly what percentage of BanxShares is currently held by yourself, BanxCapital and its employees?

Mark >> I have said from day one that I own 20% of them , the company owns 20% of them.

13) I would also request a timeframe for your projected 50k new entrants. As a general principle, I would suggest always providing a time component for projections.

Mark >> Time frames are hard in this biz, setbacks happen. i would say I will have 5000 people in by year end. then we have to test traffic and conversion to our offers and marketing funnel to judge when the rest of the 50,000 is possible. This is a major focus for us.

I hope this help.


I am holding a webinar tomorrow talking more, getting opinions from people who hold banx and are interested in banx, anyone can register to be on that webinar if they wish by going here >> https://attendee.gotowebinar.com/register/9021241487662865409

Regards

Mark