[ANN] BANX Capital Joins BitShares Exchange Network

[davidpbrown]

Just a thought, has anyone approached David Irvine of Maidsafe yet?  It's one hell of a project with closely aligned principals.....

To what end?.. the MAID==Safecoin, will be reissued on SAFE once the network goes beta - likely in the next few months. I don't know what BitShares will be offering Maidsafe.. though BitShares opting to move onto SAFE would be an interesting step, that would make more sense later on once the network is established. Any support within DEX or other exchanges for buying Safecoin would be very useful.

[Chuckone]

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.

[Murderistic]

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

You have no idea what you are talking about right now.  Not attacking you, just saying you are misinformed on multiple levels.

[Permie]

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 )

[ag]

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

[mike623317]

That is great news! Is there a Press Release about this out there?

Banx Announcement

We expect a lot of smaller exchanges to use this as a way to become big exchanges in the coming year.”  Leaning back in his chair he grinned again, “Like I said, I’d rather be riding the tsunami than sitting on the beach.”

Way to go Mr Lyford 

[MarkLyford]

Banx Update - Banx Capital Joins the BitShares Exchange Network >>
http://banxcapital.com/banx-update-banx-capital-joins-the-bitshares-exchange-network/

[Ander]

Welcome Banx! 

This is great news.  I guess this is the 'major altcoin' that it was mentioned would be joining Bitshares soon.


It looks like this gives Banx better TPS and block speed, and better security trading on a decentralized exchange, and gives Bitshares more users and generates some user fees that can be used to help offset dilution. 

[Ander]

is this why BTS price  is tanking ?....

No, the price dropped last night (before this announcement), because the btc38 whale who buys or sells BTS and Doge together went and sold both BTS and Doge.  (You can see the strong similarity between the doge and bts charts over the past two months, they have big moves up or down on the same days).

[Stan]

That is great news! Is there a Press Release about this out there?

Expecting it any minute, GMT.

Banx Announcement

[mike623317]

"..And the crowd goes wild!"

This is great news. Really really great stuff and a validation of which the Devs have been working on. 
Looking forward to reading the press release.
Fuzzy - Please can we setup a mumble with BANX?

Welcome to the party BANX Capital.

[MarkLyford]

If anyone would like to speak to me direct in the meantime please feel free to email me at mark at banxcapital.com, add me on twitter at @marklyford, FB at http://facebook.com/markylyford or add me on skype ID mjlyford

thanks

Mark

[MarkLyford]

Banx moving to BTS podcast announcement:

https://vimeo.com/131552523

You beat me to it! I have'nt put the blog post together yet or had the press release out!

Hey Mark, welcome to the BTS platform. Would you be able to make a post in General Discussion briefly explaining what BanxShares is?

Yes will do , let me prepare something , I'll get it out asap

[Method-X]

Banx moving to BTS podcast announcement:

https://vimeo.com/131552523

You beat me to it! I have'nt put the blog post together yet or had the press release out!

Hey Mark, welcome to the BTS platform. Would you be able to make a post in General Discussion briefly explaining what BanxShares is?

[MarkLyford]

Banx moving to BTS podcast announcement:

https://vimeo.com/131552523

You beat me to it! I have'nt put the blog post together yet or had the press release out!