Author Topic: [ANN] BANX Capital Joins BitShares Exchange Network  (Read 33471 times)

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Offline Murderistic

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #45 on: June 23, 2015, 05:51:30 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

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

Offline Chuckone

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #46 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.

Offline davidpbrown

Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #47 on: June 23, 2015, 06:03:24 pm »
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.
« Last Edit: June 23, 2015, 06:05:08 pm by davidpbrown »
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Offline MarkLyford

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #48 on: June 23, 2015, 06:25:41 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 am sorry you feel that way, but you are wrong in many ways. If you care to see we have a wallet on github anyway can use and we have a block chain at http://block.banxcapital.com

We were having scam artists as a result of listing on the exchange you mention, hence the reason we changed our procedures.

If you have any REAL issues you would like to address with me or a current Banx Shares holder receiving profits each month feel free to contact me direct and i will be only too happy to speak to you.

Regards
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Offline MarkLyford

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #49 on: June 23, 2015, 06:28:05 pm »
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 :)
Steem Cash>> http://SteemCash.com >> add me on Twitter at http://twitter.com/marklyford or on Facebook at http://Facebook.com/markylyford . Real Time Crypto Stats: http://CapFeed.com 

Offline fav

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #50 on: June 23, 2015, 06:29:35 pm »
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?

Offline Akado

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #51 on: June 23, 2015, 06:39:11 pm »
Was this the annoucement we were expecting about one of the top cryptos joining BitShares? Or is there more to expect? I kind of have a weird feeling about Banx, it's just that, a feeling but it seems weird,

If I remember correctly, I saw some kind of statement about high monthly dividends, 5 or 10% in the future? Can't remember where and specifically when it would provide that. Someone who knows Banx better cares to freshen my memory?
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Offline Stan

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #52 on: June 23, 2015, 06:39:47 pm »
Another blossoming from the St. Martin Mastermind networking retreat we told you about a year ago.
How many BitShares personalities can you find in this picture?

« Last Edit: June 23, 2015, 06:42:13 pm by Stan »
Anything said on these forums does not constitute an intent to create a legal obligation or contract of any kind.   These are merely my opinions which I reserve the right to change at any time.

Offline Murderistic

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #53 on: June 23, 2015, 06:43:49 pm »
Another blossoming from the St. Martin Mastermind networking retreat we told you about a year ago.
How many BitShares personalities can you find in this picture?


HA, great picture Stan, I didn't know you had that one.

Yes, I can say that this has been a work in progress for a long time, and am glad to see if come full circle.

Offline sschechter

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #54 on: June 23, 2015, 06:43:54 pm »
Another blossoming from the St. Martin Mastermind networking retreat we told you about a year ago.
How many BitShares personalities can you find in this picture?


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Offline Murderistic

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #55 on: June 23, 2015, 06:47:32 pm »
Was this the annoucement we were expecting about one of the top cryptos joining BitShares? Or is there more to expect? I kind of have a weird feeling about Banx, it's just that, a feeling but it seems weird,

If I remember correctly, I saw some kind of statement about high monthly dividends, 5 or 10% in the future? Can't remember where and specifically when it would provide that. Someone who knows Banx better cares to freshen my memory?

I have never seen ANYONE say 5-10%.  I can say that a few months ago the rolling 6 month average was 2.1% profit share, but I am not sure what the rate is ATM.

Offline mike623317

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #56 on: June 23, 2015, 06:48:39 pm »
Another blossoming from the St. Martin Mastermind networking retreat we told you about a year ago.
How many BitShares personalities can you find in this picture?



Who's the older guy in the blue shirt? And why is Daniel hiding in the background

Offline sschechter

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #57 on: June 23, 2015, 06:50:14 pm »
Why are so many of you wearing sneakers  :P
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Offline Akado

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #58 on: June 23, 2015, 06:50:21 pm »
Was this the annoucement we were expecting about one of the top cryptos joining BitShares? Or is there more to expect? I kind of have a weird feeling about Banx, it's just that, a feeling but it seems weird,

If I remember correctly, I saw some kind of statement about high monthly dividends, 5 or 10% in the future? Can't remember where and specifically when it would provide that. Someone who knows Banx better cares to freshen my memory?

I have never seen ANYONE say 5-10%.  I can say that a few months ago the rolling 6 month average was 2.1% profit share, but I am not sure what the rate is ATM.

Yeah, i knew about the 2% a few months, I was talking about people who were mentioning it in a few years, but I guess it was just that, speculation?
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Offline Ander

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Re: [ANN] BANX Capital Joins BitShares Exchange Network
« Reply #59 on: June 23, 2015, 06:55:02 pm »
I guess its just a thing in crypto to see EVERY single project accused of being a scam.
We could probably find threads on bitcointalk accusing every single top 20 coin of being a scam. 
Those people say Bitshares is a scam for a million different reasons.
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