Author Topic: Banx, future plans and BTS  (Read 8720 times)

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Offline MarkLyford

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Last nights webinar replay is now available here >> http://app.webinarjam.net/register/20134/6a2756c195

Many thanks

Mark
« Last Edit: October 23, 2015, 01:35:11 pm by MarkLyford »
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Offline MarkLyford

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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
« Last Edit: October 23, 2015, 01:35:26 pm by MarkLyford »
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jakub

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As I see it, the problem with Banx is that it's faced with two forces tearing it apart.

It has chosen to operate within the blockchain industry which is built around the new paradigm of minimizing the need for trust and maximizing transparency/accountability whereas its business model belongs to the old paradigm where financial services are based on promise & trust, transparency is non-existent and accountability is obscured.

Hopefully migrating to BTS will help Banx to alleviate this discrepancy.

Offline phillyguy

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.

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Offline ByronP

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Look Mark is a marketing guy and a human being so put yourself in his shoes for a minute. He is doing the best he can to please everyone but we all know that it is impossible to do. Banx is a legit company despite what anyone thinks. Yes he wants and needs to sell BANX because that helps fund all of the projects the company is working on (including mine). This is nothing to be ashamed of or knock someone for it is how businesses grow. Yes the company has income coming in, which mark happily has shown everyone (he didn't have to) and it is not just "20 entries of an excel file". With BANX (the blockchain) being moved to BTS (FACT: because I am the one doing it) is it really fair to give him a hard time 24/7? I don't think so!

He has already managed to create quite a few great resources for the community which you would see if you took off the hate blinders for a second. You don't have to like Mark or anyone else, you don't have to like Banx as a company, however it is disrespectful to not give credit to the things that are clearly being done.

So stop the hate and wait!

Anyway I am just here to give a heads up that i have completed the BTS 2.0 integration for Banx.io and should be finished testing it shortly so BTS should be live on Banx.io by the weekend.

Thank You

Offline MarkLyford

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Yes, I looked at the screenshots. What a joke. No trading record here, just screenshots of 20 entries of an excel file. How does that answer any of the very specific questions that were addressed to you by HeySteve or phillyguy? It doesn't.

The only thing that seems quite clear is that you need to sell Banx to make "profits".

OK well I'm sorry you feel the way you do. I have demonstrated income and thats all I can do.

I wish you well
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Offline inarizushi

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Yes, I looked at the screenshots. What a joke. No trading record here, just screenshots of 20 entries of an excel file. How does that answer any of the very specific questions that were addressed to you by HeySteve or phillyguy? It doesn't.

The only thing that seems quite clear is that you need to sell Banx to make "profits".
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Offline MarkLyford

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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
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Offline MarkLyford

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As i say this is nothing to do with Banx but this is our software business ran on the JVZoo affiliate platform.



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Offline MarkLyford

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... 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.
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Offline liondani

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if it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.

it's sad there are people out-there that can realize it's a duck only after eating it!  >:(




PS  bon appetit...

Offline inarizushi

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... 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.
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Offline Akado

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You want to achieve 50k users. Do you have a time frame for that? How much time do you think will take you to achieve 10% of that? Even if that number will be far off in reality which probably will, but I'm interested to know.

Time frame for 5k users

It's kinda pointless but I'm interested to know the timeframe. And also how you plan on achieving it.

I'll be honest, even 5k users would be a real, awesome achievement, let alone 10x that.

Examples of how we are going to do this are here:

http://digitalmoneyrevolution.com/info-banks
http://digitalmoneyrevolution.com/banks
http://digitalmoneyrevolution.com/info-business
http://digitalmoneyrevolution.com/business
http://banxnow.com

Thanks

Mark

I would like to suggest you re-design your pages. Since you seem to have a lot of them, you could choose something more static which needs less maintenance and work, similar to bitshares.org page. Other thing is those big red letters should be a no-no. red colour is associated with danger, something bad, you should choose a colour scheme and stick with it, it would also give you more brand recognition (i.e bitshares is blue, nxt seems to be yellow? Qora is purple, etc). 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. Just just typical from ad and phishing sites.
Some examples:
- Click One of the Buttons Below To Secure Your Copy of The Digital Money Revolution Before the Price Goes Up
- 30 Days Money Back Guarantee
- Right Now the Government Is Conspiring To Steal Your Money
- The only Way to Survive the Financial Crisis

That's the kind of statements that if someone sees will be instantly turned off. Like I said, that type of pages is exactly the same used by scammers - and I mean poor ones who could actually do way better - and on a tv show showing the adds of 20 or 30 years ago. It's the typical car salesmen speech, lots of guarantees, pressuring the client, creating the scenario where the client needs this now, these are actually techniques proven to used by scammers and not only from the ones over the internet, even mechanics and people in real life. Also, once again, you use too much red and that definitely has to go along with the big bold images, etc. Gives it a chaotic appearance.

One more thing that I thought you or someone who runs online businesses should know:
Please visit https://www.google.com Now visit https://www.yahoo.com/  Now visit google again. You have there the answer why so much people use google and ignore yahoo. Simple is better. Yahoo's page is a mess I dont even know how a multi million company has a page like that. The interface is terrible, there's just so much going on, too much confusion. How does this apply to your pages? Too much information. Too much text. text is boring, no one will read it. Too many random images, red letters, bold letters, etc, like I said, gives it a chaotic experience.

I'll tell you what I thought of banx the first time I checked it out.
Main page, yeah, looks interesting, a few projects, looks nice.
But when I looked at those pages you mentioned I had to check back twice to see if it were part of the same business! I thought that was something really fishy! That's really alarming. Someone who cares about its business should care about appearance because that's how people will take their first impressions. And once a potential costumer checks your website and doesnt like it or worse, associates it with ads/scam pages, thats even worse, they wont ever check it again, and that I can tell you it's guaranteed!

Another thing is, you currently have lots of businesses on banx. That's good if you could execute them now, atm. But as I see it, it's too much for now or a cryptocurrency as a moment. Imagine a company opening and has lots of ideas. Efforts, money and worse, concentration and focus get scattered around! I'm not one to tell you how to run a business, let alone yours as I never owned one, but that's my opinion from an "investors" point of view. First I think, wow nice projects! Then I think, Huum, they seem like too many promises. How can he focus on all of this? And then I start to doubt the project because it seems to "promise" too much (I have nothing against being ambitious, that's good but that's a different matter). Since I dont know how to run a business, I would just like to point that out, I dont really have an opinion on it. It seems too much but.. that's it.

So to sumaryze:
- web pages need a better look
- no red colours or random pictures
- too much text and stuff going around, keep it simple
- correct the wording, (ie. those sentences i mentioned above, but obviosuly there are lots more)

I think when things calm down you should ask cass to help with the design. I'm almost sure he will say the exact same things as I.

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  :)
« Last Edit: October 21, 2015, 11:52:23 pm by Akado »
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Offline MarkLyford

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I think I should clarify some more things for people here.

Banx was never meant to be a fully functioning crypto currency with features etc, it was and is designed to be a placeholder toke to denotes ownership of profit for share purposes. There for the issue re the initial wallet design is a null point really.

Also the issue re Banx being removed from CMC was not for the reasons DeMartino indicated.

The info product about bitcoin fall under Banx, so its revenue, that has always been the plan, part of the plan to get 50,000 new users into crypto.

Thanks

Mark
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Offline MarkLyford

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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.
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Offline HeySteve

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.

Offline inarizushi

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Oh my god all your answers are never really answers. You just keep providing empty statements until you or your interlocutor gets bored.

I've just looked at question (6) 16% monthly ROI with virtually zero risk? Please provide trading record and specify the venue where these trades are being conducted. Your zip file contains random screenshots with some numbers. The "Profit payouts" png shows BTC amounts and the corresponding BANX given in exchange. No trading record. No specification of the venue where the trades happened. The other screenshots are no better.
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Offline MarkLyford

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

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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
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Offline MarkLyford

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Steve,

1. My book tells you everything: http://rebelentrepreneurbook.s3.amazonaws.com/Mark_Lyford_Rebel_Entrepreneur.pdf
2. Accounts will be filed April next year to cover this
3. I paid the dev (in banx shares) in good faith, the new (current) wallet dev did our POS wallet
4. Funding goal was $4m, the projections (apart from mining) are credible if / when we sell remaining Banx
5. No expiry date on my words, like i say things change all the time, IOM government said good things when i met them in July, they were unable to accommodate crypto companies/ Like i say things change.
6. The screen caps of trading results in the zip file
7. Not funding but bringing income in through our marketing funnel to bring new people in and provide profits from new people coming in, which was always part of the plan
8. No not increased, people are on 12 months. All our private investor trades went through the exchange. I have not sold any Banx personally only Banx held Banx are being sold
9. The Banx group (HK) hold unsold Banx, and yes roughly 50%
10. No we always planned to have our marketing funnel going as it is now, it has just been delayed.


Re our trading the plan is to put 25% of banx income into trading once all banx are sold. My profile doesn’t exactly fit finding and involved large funds. No there are no ICO funds available. We are selling remaining Banx to fund expansion plans.

EDIT: I should also add the available supple of Banx went down by 1.8 million last week because of an option deal I signed 12 months ago that didn't happen. This option deal not happening severely effected our growth plans as you can imagine.
« Last Edit: October 21, 2015, 07:03:35 pm by MarkLyford »
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Offline Akado

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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.
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Offline MarkLyford

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@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

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Offline HeySteve

Mark, some follow-ups if you'd be so kind:

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

If you were making a recurring $2m annually from your websites, how did you get into so much financial trouble that you had to resort to a grow op?

  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.

Is any data available for how that money has been used or invested? Has any kind of audit been performed on your operations 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.

You have no idea whether your own dev scammed you by copypasting from a template? Surely the current dev would have appraised you, with a view to pursuing legal action.

  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.

Wasn't your funding goal $10m? Given you only achieved 5% of that, do you believe your further projections-not-promises are credible?

  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

So there's a 12 month expiry period on your words? Why didn't you investigate whether the jurisdiction was suitable before discussing the move publically?

  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/

Which link in particular is your trading record which specifies the venue?

  8.) 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.

So, you're now funding BanxCapital through online marketing ventures? Why wasn't that discussed in the prospectus?

  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.

So the initial holding period was 12 months from intial purchase? Was that timeframe subsequently increased? And why did you claim 95% of BANX are traded directly through you in exchange for money wires? Do you plan to continue selling BANX personally?

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.

True, I remember reading that. So which entity holds all the unsold BANX? I estimate the unsold constitute around 50% of total supply, is that figure roughly correct?

-

I'd also like to ask whether the reclassification of BANX on CoinMarketCap has influenced your marketing. Have you updated your online marketing to reflect the dramatic fall in the market cap?

-

edit: typo (claim) and smiley again
« Last Edit: October 21, 2015, 04:21:32 pm by HeySteve »

Offline HeySteve

Our traders can and have proven average 16% per month since January as already shared. We dont promise anything we are merely stating what we have done

Link please.

The copy on BanxPlatinum assures at least 16% per month:

“Reliably copy the way our traders generate over 16% monthly ROI with virtually zero risk.
...
This will allow you to replicate our exact trading strategy, and immediately start seeing results like the ones above.”

We offer a trading pool of investment to members, therefore that trading pool increases our ability to trade more
Why attract funds for a trading pool (which isn't mentioned in the copy) when you could simply use existing capital? There's some left from the ICO, right? And surely you could grow your pool faster by partnering with hedge funds and the like, why attract relative pennies from crypto newbies?

Offline MarkLyford

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You want to achieve 50k users. Do you have a time frame for that? How much time do you think will take you to achieve 10% of that? Even if that number will be far off in reality which probably will, but I'm interested to know.

Time frame for 5k users

It's kinda pointless but I'm interested to know the timeframe. And also how you plan on achieving it.

I'll be honest, even 5k users would be a real, awesome achievement, let alone 10x that.

Examples of how we are going to do this are here:

http://digitalmoneyrevolution.com/info-banks
http://digitalmoneyrevolution.com/banks
http://digitalmoneyrevolution.com/info-business
http://digitalmoneyrevolution.com/business
http://banxnow.com

Thanks

Mark
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Offline MarkLyford

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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.

  8) 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
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 MarkLyford

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Oh, one more thing... If BanxPlatinum promises subscribers will “reliably… generate over 16% monthly ROI with virtually zero risk,” then why pursue anything besides this fantastically profitable venture? And why dilute your profitability by sharing the secret?

We offer a trading pool of investment to members, therefore that trading pool increases our ability to trade more
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Offline MarkLyford

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Oh, one more thing... If BanxPlatinum promises subscribers will “reliably… generate over 16% monthly ROI with virtually zero risk,” then why pursue anything besides this fantastically profitable venture? And why dilute your profitability by sharing the secret?

Wow, everybody promising 16% ROI free of risk is OBVIOUSLY a scam. And banxplatinum does advertise that.

When the banx scandal explodes, we better be prepared.

Our traders can and have proven average 16% per month since January as already shared. We dont promise anything we are merely stating what we have done
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Offline inarizushi

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Oh, one more thing... If BanxPlatinum promises subscribers will “reliably… generate over 16% monthly ROI with virtually zero risk,” then why pursue anything besides this fantastically profitable venture? And why dilute your profitability by sharing the secret?

Wow, everybody promising 16% ROI free of risk is OBVIOUSLY a scam. And banxplatinum does advertise that.

When the banx scandal explodes, we better be prepared.
« Last Edit: October 21, 2015, 11:21:09 am by inarizushi »
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Offline HeySteve

Oh, one more thing... If BanxPlatinum promises subscribers will “reliably… generate over 16% monthly ROI with virtually zero risk,” then why pursue anything besides this fantastically profitable venture? And why dilute your profitability by sharing the secret?

Offline HeySteve

Hi Mark,

I have some questions and requests for information:

  1) How long were you in prison and what were the charges?
  2) How much money has been raised in Bitcoin terms by the ICO and what was the target?
  3) Was BanxShares based on the Foocoin template?
  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.
  5) You mentioned moving your operations to the Isle of Man, has this happened yet?
  6) 16% monthly ROI with virtually zero risk? Please provide trading record and specify the venue where these trades are being conducted.
  7) The mining operation, where is it based, what is the electricity cost there and what hardware is it using?
  8) Why was the company JVZoo included as an asset of BanxCapital in the documentation sent to Ian DeMartino?
  9) Please explain how holders of BanxShares may sell them, at this current time.
10) Please provide a timeframe for the migration to BitShares.
11) Will there be any restrictions on the trade of BanxShares should they appear on the BitShares exchange?
12) Roughly what percentage of BanxShares is currently held by yourself, BanxCapital and its employees?
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.

Thanks for your time.

edit: remove "8)" smiley

Offline Akado

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You want to achieve 50k users. Do you have a time frame for that? How much time do you think will take you to achieve 10% of that? Even if that number will be far off in reality which probably will, but I'm interested to know.

Time frame for 5k users

It's kinda pointless but I'm interested to know the timeframe. And also how you plan on achieving it.

I'll be honest, even 5k users would be a real, awesome achievement, let alone 10x that.
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Offline phillyguy

How many subscriptions to banxplatinum have you sold?

How many current subscriptions are there?

If your traders are "reliably generating 16% Monthly ROI with virtually zero risk" why are you spending money selling banxplatinum when you could just be investing that money and earning 16% MOM?

We are about building a community thats why. We have just launched our lower price point of Banx Platinum today to get as many people into that community as possible: http://BanxPlatinum.com/offer

Our traders are doing those numbers but in order o increase the trading pool as one part of our overall plan with Banx we need to sell Banx.

Hope this helps

Can I pay for banx platinum with bitUSD, or BTC - instead of a recurring charge on my credit card until I cancel?
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Offline MarkLyford

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How many subscriptions to banxplatinum have you sold?

How many current subscriptions are there?

If your traders are "reliably generating 16% Monthly ROI with virtually zero risk" why are you spending money selling banxplatinum when you could just be investing that money and earning 16% MOM?

We are about building a community thats why. We have just launched our lower price point of Banx Platinum today to get as many people into that community as possible: http://BanxPlatinum.com/offer

Our traders are doing those numbers but in order o increase the trading pool as one part of our overall plan with Banx we need to sell Banx.

Hope this helps
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Offline MarkLyford

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You have sold Banxshares privately to investors who are not allowed to sell them on the open market for a fixed period of time.
Essentially fixing the price of banxshares. ( this is why you were removed from coin market cap)

What date will all banxshares holders have full control of their banx shares and be able to trade them freely on any exchange they choose?

The standard time frame is 12 months from purchase, or until all Banx are sold. So the time frames vary.

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Offline Empirical1.2

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Under BanxCapital expansion plans, you list BanxBet...

Quote
BanxBet will be a cryptocurrency casino, generating income through gambling. The plan is to partner with a leading online casino, who are developing the back-end software, in a joint venture arrangement.
Running an online casino does present unique challenges – such as risk management – but security will be top priority for BanxBet. This is contrary to most of the current crypto casinos that take a more reactive approach instead of proactive. Further, instead of just focusing on one game, like many dice sites, a range of different games will be offered to appeal to a wider target market.

Presumably this at the very early stages of development but have you considered using the BitShares blockchain?

http://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/

In 2012 when Bitcoin only had an average CAP of circa $70 million & a very small userbase, Satoshi Dice & BitZino did about $30 million turnover.

Though the BTC market is quite saturated now, there are no BitAsset/BTS gambling options yet, so our existing user-base could potentially generate meaningful profits and also attract Bitcoin & regular gamblers because the BTS blockchain can offer provably fair gambling and proof of solvency. 

If you want to take the island burn the boats

Offline phillyguy

How many subscriptions to banxplatinum have you sold?

How many current subscriptions are there?

If your traders are "reliably generating 16% Monthly ROI with virtually zero risk" why are you spending money selling banxplatinum when you could just be investing that money and earning 16% MOM?
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Offline JonnyB

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You have sold Banxshares privately to investors who are not allowed to sell them on the open market for a fixed period of time.
Essentially fixing the price of banxshares. ( this is why you were removed from coin market cap)

What date will all banxshares holders have full control of their banx shares and be able to trade them freely on any exchange they choose?
I run the @bitshares twitter handle
twitter.com/bitshares

Offline santaclause102

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Quote
I realise some people who are part of the BTS community are not fans or myself and Banx
All my critique was never directed towards you as a person but to your products and the way you sell things. You can sell something in two ways, both of which require trust. You can tell them everything you know, the good and the bad (often hard truth that don't look all rosy) or you can try to create an illusion. banxplatinum to mee (certainly subjective) is of the second sort, see https://bitsharestalk.org/index.php/topic,17148.msg244528.html#msg244528

But there is nothing wrong at all with offering anything. Everyone is free to do whatever he / she wants - for you to offer what you do in the way you do and for me to point things out to people as I see them :)  I just think that officially associating Bitshares / CNX with Banx is not desireable for reasons I pointed out above.

« Last Edit: October 19, 2015, 12:55:55 pm by delulo »

Offline xeroc

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I would love to know more about this:
2. Develop a range of products and services to grow the business and community.

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Offline MarkLyford

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HI Everyone,

I realise some people who are part of the BTS community are not fans or myself and Banx but I also know the community here are far more realistic, balanced and generally have supported me in a neutral manner over the last few weeks.

As of today I have locked the BCT ANN thread and will be focusing my attentions to this forum and I would like to take this opportunity to talk to the community here more.

I have never been conventional at any time in my life, I setup Banx to achieve specific goals, none of those goals involved ripping people off. The goals with Banx have been simple.

1. Raise funds from private investors by selling Banx.
2. Develop a range of products and services to grow the business and community.
3. Bring as many people into the community as possible. ( First goal 50,000 new people).

So with this in mind I welcome anyone here to ask me anything about the future plans I have and moving forward with Banx.

Best Regards

Mark Lyford
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