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Messages - MarkLyford

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62
Hi All,  I'm Zoe, Mark Lyford's PA.  Just a brief introduction to say 'Hello' and should you have any marketing or admin queries, consider me the first point of contact and please do not hesitate to get in touch, via email at '[email protected]', or skype at 'zoehartuk' .  I will do everything I can to help you.  Kind regards.

Welcome on board!

Thanks Cass, Zoe is here to help with anything needed to move us forward folks :)

63
Hi Everyone,

I have been dealing with an issue over the last few days that has effected people in here. To clarify NO private investors EVER deal with any one else when buying Banx other than me. Existing investors sometimes refer people to me who are interested in buying BUT the person in question ALWAYS deals with me, I do the deals on the shares and I pay the shares out from company wallets. Please make this fact known to others who may not be in here.

These issue are all resolved now and I'm super excited to get the change over to Bitshares going and expanding our plans :)

64
We have already established in other discussions that it is not, and should not be our place to judge who uses the BTS system. BTS is not the crypto police. Nor should we be. Should Cisco be put on trial for allowing packets of child porn to pass through its routers? Your reasoning suggests yes, it should.

I understand this probably is just due to a lack of understanding on the nature of the relationship between bts and banx, so please don't think I am trying to make you sound foolish. It's just to clarify using a comparison that is easy to understand and conclude with. You are not alone in your questions regarding vetting. Many here had similar misunderstandings about the roll we play here with Banx. It's taken some time for some to come around to understanding that we simply should not be acting in that capacity within the UIA system. The community can respond as they wish in their business dealings with whom ever should come here. As you can see, Mark has gained some fans among this community already, and others not so much. That's how it is in a shareocracy.

As to the rest of your questions.. I can't offer any insights to any of those other than to continue to ask questions until you get answers. The right questions get the right answers, and it sounds like you asked some reasonable ones.
+5% +5% +5%

Scammers gonna scam.
Any company/person who uses the services that bts provides is free to do whatever they wish within the bounds of the constitution.
BitShares is a permissionless system and should always stay that way.

IMO These discussions/due diligence should be taking place in the specific organizations community. If you as a concerned bts member decide to visit these forums and do some investigative journalism and uncover some secrets that bts members would benefit from knowing then by all means get going, a worker proposal or a delegate position might be right for you.
Shunning and shaming have long been known to be some of the most effective methods of regulation.

We should encourage a culture of due diligence on new bts services (UIA, PMPA etc), incentivize members to conduct investigative journalism and publicly name and shame scammers, wrongdoers and liars in any easy to search format, so everyone has easy access to information.
There is no physical authority over others in this system. The way to manage the ecosystem is to hurt the profits and reputation of those acting against the social consensus.

I really appreciate what you're doing Evil Dave - members need people like you.
I just don't think this is the place - we want yet to be initiated businesses to see a welcoming and encouraging community when they have a quick look at what on earth 'BitShares' is. The pioneering companies like CCEDK and Banx are demonstrating to onlookers how they could do it too. Explanations are all well and good but that leaves alot to interpretation.
We need case studies!

"Oh it looks so easy to integrate, everyone is so helpful and I can cut costs and increase my profits" they'll say, to the now-wealthy members ;)

I'm not sure I agree with the sentiment that members should view all newcomers with distrust until proven otherwise.
Nobody is forcing you to use their particular asset.
You wouldn't complain if a new website was registered and it didn't meet your standards of data security. You'd just ignore it.
Every new business running on the BitShares network brings value.

Being welcoming to all might get us a few more scammers, but the overall number of businesses using bts services will also increase. So the percentage of scammers to legit may even decrease (less scammers per good business, with more businesses overall)

BitShares carries a message of freedom and I think the community should embody that too.


I completely agree. Everyone has a choice to use or not use a particular business or asset running on the BTC system it's down to personal preference. I realise some will like me on here and some won't and thats fine. Its the sign of someone more interesting than 'normal' that splits peoples opinions ;)

Regarding the welcoming side of your comments I agree. This community needs to be more welcoming and demonstrate people are welcome here. Like it's been said before there is  and should be no regulations in place preventing people and companies from using this technology. It comes down to the individual then to decide if they get involved on a case by case basis.

Thanks again Permie for you constructive comments.

65

in fact, 99% of all cloudmining services are ponzi & scam, and you're offerting cloud mining.

could you please post pictures / videos of your farm?

in fact 87.4% of all statistics are made up on the spot.

yeah you're right, probably 95% are scams

however, I doubt they will answer my request. Looks like their miners are made of thin air.

Much better statement fav.  I know its only 400 basis points, but its a much more believable percentage, and its backed up by some evidence.  Evidence pulled from a notoriously shady forum, but the linked post brings up some very good points.

The things that spring to my mind.

If a company sells two products.  Product A, and product B.  I am interested in product A, I have no interest in product B.  Product A seems as if it a legit product that will meet my needs.  Product B has all the signs of being a scam.  I am going to reassess product A in light of what I believe about product B.  I am going to reassess my viewpoint of the company based upon what I know about product B.

I can't imagine a picture convincing me to invest in cloud based mining.  I am less interested in who owns the deed to the miners than in where the hashing power is pointed.  I would be more likely to invest in cloud mining if the company I was paying could point out the blocks they had signed, and also sign a message with their website or company name in it with the same key.

Posts on forums are really cool.  Cryptographic proof is way cooler.

We all have to make up our own minds.

We should wait and see, but I would not recommend investing just yet.

No one is trying ton convince you of anything, Mining is a small part of what we are doing here at Banx. It's simple people either like what we are doing. ByronP who runs banx.io and runs his own DC hosts many of our miners. Moving forward we will be looking to work with genesis mining for cloud solutions once the mining scene improves.

It's a simple concept Banx and I... You either like you what the vision is or you don't . And thats fine, but like I say mining is only a part of what we are doing( and not a very exciting part at that)

Regards

Mark

66
bump

bump

in fact, 99% of all cloudmining services are ponzi & scam, and you're offerting cloud mining.

could you please post pictures / videos of your farm?

Hi Mark - is there any news on these documents you're preparing?

Thx

It's a video and presentation I am working on for something else that I am going to edit to a DPF document for you guys. I will get it out as soon as I can :)

67
Hi all,

I am a huge fan of Banx and have been accumulating(more than anybody would recommend :P) and following them closely for quite a few months now.
They have a great team and have been extremely responsive and great in breaking things downs in layman's terms for a simple guy such as myself.
Following closely has now landed me here, in the world of Bitshares, after investigating I can honestly say I am intrigued and ready to hop aboard the Bitshares community as well. I am so excited to be here early for Bitshares 2.0! Woot!

Hit me up in the Banx.io chat if you see me, I am Drinkzya.

~NickJames / NickHiggins123 / Drinkzya

Please to meet you Nick, Ill be sure to come into the banx.io chat asap :)

68
I wonder if BM and co is vetting anything at all.

1.  We met Mark a year ago at a Mastermind Networking Retreat in St. Martin.  He impressed us.
2.  We trust and respect the people who set up that meeting.
3.  Mark continues to be recommended by those and other people we trust.
4.  We have had good interactions and discussions with Mark - comparable to those we have had with equally trusted forum heroes.
5.  We genuinely like Mark.
6.  We are aware that there is lots of favorable and unfavorable web content out there - about us as well.
7.  So the existence of both kinds of content is not in itself a reliable indicator of anything.
8.  We have not hired a private investigator, government agency, or proctologist to do a background or backend investigation.

This is a decentralized, libertarian community open to anyone without needing our permission or blessing.
If this is going to work, this community needs to deal with newcomers in a way that allows them to bring and establish a reputation on its own merits.
Without alienating and offending them before they get a chance to do so.
And anyone who has worked in this troll-infested industry for very long is going to have lots of different opinions out there to be vetted.
Anyone who has ever tried for 100% customer satisfaction with a start up business knows how hard that is to achieve.
So feel free to ask about those issues, hear the explanations, and make up your own minds.

We have not, can not, should not and will not get involved in sorting that out for you.

Thanks for the input Stan. It's no secret that initially I didn't get the Bitshares thing right off the bat when Stan, Dan and I first met. We have some amicable differences. But things move on and what they are doing now makes sense to me and my team.

There is also no secret to me or my life. You only have to google my name to see it all. Some of it is inaccurate, but everything generated by us is. Good and bad. I have always prided myself on being being open and honest about me, my past and my endeavours. I'm aware this may put certain people off working with me, but those people put off by it are not people I am interested in forging relationships with.

Despite my past and what ever moral judgements people may have on it what I am is a guy that works all the hours he can to make his vision and goals come to life. That is the main reason investors have backed me to date and my team work so hard.

And you are right Stan this industry is troll infested and it needs to change to grow up. My personal approach (or at least the approach I try and stick to as much as possible) is to ignore the out and out flamers and trolls, address anyone who is reasonable and concentrate on the business building at hand.

As I have said before I am an open book and am willing to speak to anyone, anyone can add me on skype ID: mjlyford and schedule a call with my PA Zoe - zoe at lyfordoffice.com .

And last of all for those of interested in reading more about me you will get a warts and all account of my life to date (well up until two years ago , its being revised laster this year to reflect all the things I have been doing since May 2013) you can read my book (for free) by downloading it http://rebelentrepreneurbook.s3.amazonaws.com/Mark_Lyford_Rebel_Entrepreneur.pdf . Like I say it's warts and all and some of the scenarios and decisions I made in my life I regret, but its real and honest (maybe a little too honest in some areas).

What I can promise you if you do take the time to read the book you will get a full and real understanding of me, my life and my passion.

All the best

Mark


69
We have some interviews coming out this week which will explain our entire business model and goals and I will be preparing more information for you guys to look over if you wish shortly.
Hi Mark,
I've done some research about Banx Capital and I must say it really looks impressive how much you've achieved in just one year.
However I have some genuine concerns which I hope you'll be able to address in the interviews you mention above.

1. How do you manage to pay monthly dividends if all of your 11 business divisions have come into existence so recently? Are they already profitable? Being a one-year-old startup and already having three offices around the world, for sure you must have relatively huge operational costs. Also, I don't see any financial officer on your team - how do you manage to keep track of all the cash-flows your businesses generate?

2. As the Banx shares are sold privately to individually selected people - how would you explain pretty high daily trading volume on these shares as reported on CMC? What is the rough estimate of the number of shareholders that you have?

[EDIT]: From the discussion on bitcointalk  I can see that BANX trading volume on CMC is currently being investigated for a potential error. But still, if the shares are privately distributed I would not expect to see much trading at all (especially when your existing shareholders should be quite happy with the price appreciation and dividends received - why would they sell on a daily basis?).

And I have another question:
In April this year you announced plans to create a new blockchain for Banx.
I guess your plans might have changed since you decided to join the BTS 2.0 platform but still I wonder how these plans for a new blockchain were related to your existing blockchain. In other words, why did you plan to have a new blockchain if you already had one?

Hi

Thanks for the post.

We pay monthly profits from the businesses running at present, Not all the businesses are currently operational until we are fully funded. (I will go through these in the video and presentations I am doing shortly)

Profits are being paid on earned income from the current activities. Many of the expenses of running the businesses are being covered by my other companies. I am personally invested in the business for well over £100,000 which as I have publicly stated previously will not be taken back until we are fully funded and all Banx shares sold.

Our operational costs are not as much as you may think. We have a full time staff in our UK office and some who work remotely around the world. The other offices in Panama and Hong Kong are virtual offices so costs are next to nothing monthly to run them .

Re financial officer - my PA Zo and business manager Simon run all the financials with our UK based accountants. Once all businesses are operational and we have fully sold Banx shares we will be appointing a full time financial officer (again its an overhead thing and the current team can deal with things at the moment)

Re the ownership question - In order to have profits paid out the Banx shares have to be in our banx.io exchange by the 28th of each month to have payments made on the 30th of each month. Moving forward, at the moment this system will still be in place once we move to Bitshares 2.0. There is an error in the API reporting which our head of tech ByronP is dealing with. The API reports shares sold to private investors and that figure is shown on CMC as the public available amount. once all shares are sold this figure will be the total amount of shares held by the public, not including shares the company hold.  (20% of shares)

All the shares being publicly traded are by people who hold Banx who are not part of our private investors pool and don’t have a lock in period on the shares. When we started we did deals with dev and others to get use going and payments were made in Banx shares. Also for a very short period of time there was the ability to mine Banx Shares, hence people still own and trade them. (As documented in our main BCT thread we stopped mining quickly after as there were major issues with people not doing the right thing)

Re the blockchain question - Yes we did change the blockchain to a PoS system as a result of peoples actions related to the mining mentioned above. As a result all shares had to be sent back into the exchange to be replaced. (We honoured people who did not hit the deadline for shares to be back in on a one on basis for months after)

I hope this answers your questions and please feel free to add me on social media or skype ID mjlyford if you would like to find out more about our plans and my vision for Banx.

Regards

Mark Lyford

I appreciate your answers, Mark. They make sense.
If you've switched to PoS you might want to ask cointelegraph to update their data here.

I would but Ill wait until we switch the Bitshares  then do it ;)

70
I have no idea what BANX is, except I kept seeing that it was hanging around towards the top end in CMC. Similar to the the concern I raised in BIT-X a few days back, I hope BM and co have looked through it and saw it to be legit.

We make money and bitcoin from our network of business including mining, trading, and our marketing funnels.

Exactly what most of the ponzis say. Do you have pictures of your mining operations, and can you sign the blocks you've generated? I hope the answer is not 'our investors want to keep it private for now'.

I wonder if BM and co is vetting anything at all.

Hi

Please wait to see the material I am putting out on here in the coming days to full show everyone everything about me, and Banx

Regards

Mark

71
We have some interviews coming out this week which will explain our entire business model and goals and I will be preparing more information for you guys to look over if you wish shortly.
Hi Mark,
I've done some research about Banx Capital and I must say it really looks impressive how much you've achieved in just one year.
However I have some genuine concerns which I hope you'll be able to address in the interviews you mention above.

1. How do you manage to pay monthly dividends if all of your 11 business divisions have come into existence so recently? Are they already profitable? Being a one-year-old startup and already having three offices around the world, for sure you must have relatively huge operational costs. Also, I don't see any financial officer on your team - how do you manage to keep track of all the cash-flows your businesses generate?

2. As the Banx shares are sold privately to individually selected people - how would you explain pretty high daily trading volume on these shares as reported on CMC? What is the rough estimate of the number of shareholders that you have?

[EDIT]: From the discussion on bitcointalk  I can see that BANX trading volume on CMC is currently being investigated for a potential error. But still, if the shares are privately distributed I would not expect to see much trading at all (especially when your existing shareholders should be quite happy with the price appreciation and dividends received - why would they sell on a daily basis?).

And I have another question:
In April this year you announced plans to create a new blockchain for Banx.
I guess your plans might have changed since you decided to join the BTS 2.0 platform but still I wonder how these plans for a new blockchain were related to your existing blockchain. In other words, why did you plan to have a new blockchain if you already had one?

Hi

Thanks for the post.

We pay monthly profits from the businesses running at present, Not all the businesses are currently operational until we are fully funded. (I will go through these in the video and presentations I am doing shortly)

Profits are being paid on earned income from the current activities. Many of the expenses of running the businesses are being covered by my other companies. I am personally invested in the business for well over £100,000 which as I have publicly stated previously will not be taken back until we are fully funded and all Banx shares sold.

Our operational costs are not as much as you may think. We have a full time staff in our UK office and some who work remotely around the world. The other offices in Panama and Hong Kong are virtual offices so costs are next to nothing monthly to run them .

Re financial officer - my PA Zo and business manager Simon run all the financials with our UK based accountants. Once all businesses are operational and we have fully sold Banx shares we will be appointing a full time financial officer (again its an overhead thing and the current team can deal with things at the moment)

Re the ownership question - In order to have profits paid out the Banx shares have to be in our banx.io exchange by the 28th of each month to have payments made on the 30th of each month. Moving forward, at the moment this system will still be in place once we move to Bitshares 2.0. There is an error in the API reporting which our head of tech ByronP is dealing with. The API reports shares sold to private investors and that figure is shown on CMC as the public available amount. once all shares are sold this figure will be the total amount of shares held by the public, not including shares the company hold.  (20% of shares)

All the shares being publicly traded are by people who hold Banx who are not part of our private investors pool and don’t have a lock in period on the shares. When we started we did deals with dev and others to get use going and payments were made in Banx shares. Also for a very short period of time there was the ability to mine Banx Shares, hence people still own and trade them. (As documented in our main BCT thread we stopped mining quickly after as there were major issues with people not doing the right thing)

Re the blockchain question - Yes we did change the blockchain to a PoS system as a result of peoples actions related to the mining mentioned above. As a result all shares had to be sent back into the exchange to be replaced. (We honoured people who did not hit the deadline for shares to be back in on a one on basis for months after)

I hope this answers your questions and please feel free to add me on social media or skype ID mjlyford if you would like to find out more about our plans and my vision for Banx.

Regards

Mark Lyford

72
We have some interviews coming out this week which will explain our entire business model and goals and I will be preparing more information for you guys to look over if you wish shortly.

73
Ag that first screen is a projection as you will see in the text above.

We make money and bitcoin from our network of business including mining, trading, and our marketing funnels.

74
Business partnerships and cryptos working together like this deal is the way to be successful.  Not trying to convince everyone on bitcointalk that all your competitors are scams. :)   That is just a battle that goes nowhere.

While the silly proof of work altcoins and their little communities sit on bitocintalk and try to tell everyone that they are the true successor crypto and everyone else is a scam, our community will simply develop the Bitshares Exchange Network, grow with more coins and companies joining in, and generate actual revenue through trading fees, and grow until we are profitable. 

Then it wont matter anymore if the clowns in the altcoin subforum think Bitshares is a scam because it raised money and actually paid its developers, which is apparently anathema to some of them.  Bitshares will be a profitable DAC operating the Bitshares Exchange Network, making crypto trading secure from hackers for members of any coin community, and allowing companies to raise funds and issue assets on the blockchain.  And all the reasonable people will see that and wake up.

Well said my man :)

75
Yes, but I don't think that many others are aware.

The more brothers and sisters that take up residence on the BitShares blockchain, the stronger and more secure your business becomes overall.

You sir are savy enough to know a great deal when you see it.  The initial install cost (to be allowed on-board the BitShares blockchain) will only increase over time, as supply of open business slots decreases and voting shareholders become more critical of what business are awarded the honor.
Why would the shareholders want to stifle innovation and stop new fee-paying businesses from joining?
Sounds a bit too centralbanky for my liking.

The effect would be exactly the same as if existing bts businesses grew by an amount equal to the value of this new business.

Wouldn't the profit seeking shareholders do better to invest some of their hefty profits in R&D to increase the maximum capacity of the blockchain?
If the shareholders were to even entertain the idea of preventing new businesses joining the blockchain, then it must be almost at max capacity of 100k transactions.
At an average of $0.05 per transaction in fees, that would be $5000 in fees paid every second.
That's $157B a year in fees.
I'm sure with that kind of capital the transaction limit and blockchain capacity could be increased and witnesses compensated for whatever expense necessary to continue to increase the volume of transactions possible.

There's no such thing as blockchain bloat!
If a fee was paid, a fair transaction has occurred. Remember that the fees are set by the shareholders. If the fee is too low to cover the cost of storage in the blockchain, then its up to shareholders and delegates to raise it.
BitShares is about freedom and arbitrary limits are counter to that.

Welcome Mark!
Thanks for being the guinea pig case study that shows everybody else what's possible with BitShares!

We've got CCEDK showcasing BitShares the orderbook and Banx Capital showcasing BitShares the asset manager.
Who's next?? (Proud of that pun ;) )

Thanks Permie :)

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