I think you've got yourself really confused, and miss some really basic fundamental points about this.

1) The coin was in an ICO period (yes, much longer than anyone wanted)
2) During the ICO period there was a fixed minimum pricing that no one could sell below
3) Your holdings total value reflected the ICO minimum pricing
4) There is now free trading allowed, and the price has crashed significantly as some people dump their shares
5) Your holdings reflect the current price of Banx

Those fundamentals are not a scam, just simple economics.

Have we all currently "lost" money?  Yeah pretty much, but long term I remain optimistic.

While you do need to remove your coins (except BanxShares!!) from Banx.io, the exchange is no longer closing.

Leave your BanxShares in Banx.io and the Banx team will manage the transition over to the BitShares platform.

A deal has been reached where banx.io will remain open however we ask that all coins be withdrawn by 29th so I can reset n make some changes

https://twitter.com/BanxExchange/status/702267432308703232

Yep, all goes to confirm outsiders of BTS have no clue what any of you are talking about

Keep BTS as beautifully complicated and totally incomprehensible as you want under the surface.

On the surface - Play the cute dumb blonde that is easy to understand & get on with.
Attractive.
Approachable.
Friendly.
Easy

For crypto to have a future we have to be inclusive.

We are getting people into crypto "without them knowing"
www.CoinPon.com (official launch soon)
The worlds first crypto backed till receipt discount coupon - all the end user needs to know is they get a discount when using our CoinPons at nearly 100 stores, they don't need to know their payment helps support MUE and increase it's price.

Quote from: bizzyb on January 08, 2016, 01:34:47 pm

Quote from: konelectric on January 07, 2016, 11:23:19 am

Got another email from LottoShare. They given up on the Remittio opportunity & are just refunding everyone's money.

I didn't see anywhere they say they have given up on Remittio.

The last comms I had, the Banx priorities were two fold.
1) Remittio.com
2) Entrepreneuraction.com

Banx holders will have a share of both of these projects, as well as the Banx portfolio, though the % share is not very clear at this time.

My impression is they are looking outside of the cryptosphere to find VC investment.

One can remain "optimistic" whilst an ember still burns right 

This is what I was referring too:

Subject: Return of your Lottoshares Contribution
Reply-To: info@lottoshares.com

Previously we sent out an email letting yo uknow about the status of Lottoshares.  In the email we gave yo uthe option to either request a refund or to invest in Remittio, our award winning start up.

Since then we have now decided to issue refunds to everyone, including those who already responded that they would like to invest in Remittio.

Please reply to this message with the wallet address you would like us to send the funds to as well as the email address you used to contribute.  Once we have that, we will begin processing the refund of your contribution.  If you have already recieved a refund you may desregard this message.

Thank you,

Lottoshares Team

Hi, yeah I got that one too, but as you can see there is no mention of ending the pursuit of Remittio, which from the recent webinar is 1 of 2 main focuses of their resources.

They haven't "given up" on Remittio, just no longer accepting small donations from the crypto crowd while they pursue significant VC investment.

Can't blame them, more hassle than it's worth.

Would be interested to hear "feasibility" feedback on this

Direct link is here:
https://bitcointalk.org/index.php?topic=778322.msg13399735#msg13399735

Hi all, I've approached two exchanges about this and no one wants to take it forward, "so far".
Please have a read and please approach or advise which exchange may be worth contacting.
I've so far tried Bleutrade & Banx.io

MUE savings and loans hosted on "an exchange"
 
Currently MonetaryUnit offers a savings account called MUEbank - http://bank.muecentral.com/
This offers 10%APR interest rate on deposited MUE and has a 28 day withdrawal notification period.
The benefit is that MUE holders can get the benefits of a POS interest return on a POW coin and it allows them to reduce the affect of inflation on their holdings.
A table of the reducing inflation rate is available here http://www.monetaryunit.org/muestuff/slowing-inflation-rate-of-monetaryunit/
MUEBank is a completely manual process, which while manageable at the moment, is still a pain.
The benefit to MUE is it offers a service to its community, and also helps reduce the liquidity in the market place.
The disadvantage of the savings account is that the interest has to be paid from our own holdings.
 
To mitigate this, we want to offer some of the traditional banking services that people know and love, and the second part is the loans facility, whereby MUE holders can deposit their MUE into their MUE loans account, and be offered a BTC loan using their MUE as collateral.  My gut feeling is that the BTC loan would be 50% of the current market value of their MUE when it is deposited.
I think perhaps we have 3 terms. 1 month @ 5%, 2 months @ 10% , 3 months @ 15%.
Once up and running this will allow the savings offering to be self sustaining, and also generate profit.
 
This is hopefully where it can get interesting for "an exchange" & MUE.

Lets say for arguments sake, that the revenue generated by the BTC loans is split 50/50 exchange/MUE.
So the exchange can do whatever it wants with its portion of the revenue = win for exchange.

The other portion of the revenue for MUE is AUTOMATICALLY put into buy support for MUE which tops up the MUE account on the exchange that pays the interest to the savings offering, again, this is a win for the exchange as it keeps the coins re-circulating there and increases volume of trade in that exchange.
It will also give the exchange a fantastic USP to market against as I am not aware anyone else is offering what I'm suggesting.

Ideally the exchange would only offer these services just for MUE, however I also understand that being able to use MUE as a test bed could be invaluable to offer the same services for other coins.
The benefit to MUE obviously is being able to offer sensible, fair automated financial instruments people can understand and are familiar with, which gives us exposure as a crypto project, but also of course, means that the re-invested BTC generated from the BTC loans will increase the MUE price.
It also means we don't have to be worried about having to set up an legal entity in a crypto friendly jurisdiction, as it will be managed by the exchange.
 
So there are a few things we would have to do.
1) Provide the exchange with MUE to fund the wallet that pays the interest in MUE savings.
2) Provide the exchange with BTC with which to fund the wallet that will pay out the BTC for the MUE loans.
3) There would have to be a facility that will "drip sell" MUE on any defaulted loans
4) Users will have to have as part of their exchange login, a simple to understand "banking" facility.
5) Show the liquidity funds of both MUE and BTC wallets being used to fund the services.
 
Initially I think we would have to be cautious and on launch limit both the number of users who are able to open accounts, but also limit the amounts that can be deposited into the savings account or BTC borrowed against their MUE collateral.
Also, as we move forward with it, it would be great to be able to activate promotional rates and offers etc.

Also instead of only offering people BTC loans against their MUE collateral you could offer them ANY coin as a loan which would work by using the BTC in the loans wallet to buy the coin they want to borrow, once again increasing volume on the exchange.

Hi all, my lack of understanding of Bitshares 2.0 will be apparent with this question, but I'm still interested in finding out as it seems a very interesting and forward thinking project I'd like to get involved with.

I'm the project lead for an altcoin called MonetaryUnit (MUE)
www.MonetaryUnit.org
https://bitcointalk.org/index.php?topic=778322.0

I want to automate our savings service - bank.muecentral.com (users deposit their MUE and receive 10% APR on their deposits)
and our soon to launch BTC loans service MUE lend (users deposit their MUE with us and we release a BTC loan equivalent to 50% of the current market value of MUE)

Would our coin (a pure POW quark algo coin) have to "migrate" to the bts system, or can it somehow remain still a POW coin in its own right, but have the automated savings and loan business integrated in the bitshares system?

I hope that makes sense, and I look forward to a thorough BTS schooling

B