Hmmmmm....yeah. Anyone else not very convinced by Stan 'n' Dans hundred thousand TPS claim ?
If they've cracked it, and it actually works as promised, I'll take my hat off to them.
However, blowing up their blockchain in a way never seen before doesn't seem like good news. 

Not a problem, mate.
I am going to be pushy and ask that you sort out the license file
and source code repo (GitHub/BItBucket/whatever) within 5 days from now.
So that's everything sorted by 7/10/2015, good with you guys ?

Right, that was around 24 hours or so......could I make a little request to the LRD devs to comply with the terms of the GPL license under which Nxt software is distributed ?

This means: please put the GPL license file back in the install packages and publish the source code you are using, including any additions from your team.
Nxt is freely distributed under the GPL open source license model, which means that you can do whatever you like with the code, as long as it remains under GPL license.

That's it, sort that out and we are good, at least on the use of Nxt code.

Yeah, but none of those businesses are making any visible profits.
Banx.io looks like the best of the lot, and it can't be delivering much more than $100 per day gross.
Show me some numbers, prove me wrong.

And, while we're at it: how come BanxShares price is totally unaffected by anything else that happens in crypto ?
I mean, BTS just tanked 17%, and Banx just keeps on rolling up :
http://coinmarketcap.com/currencies/banxshares/#charts

It's like you guys have invented cold fusion: a crypto currency/asset that only pumps, and never, ever dumps.

Seeing as words don't seem to be getting through, thought I'd provide a video to explain my suspicions about Banx:

http://www.investopedia.com/terms/p/ponzischeme.asp



Where does the revenue come from to pay out Banx dividends ?

Just made the transfers for today, running total is now at 3,447,817 NAUT redeemed to NXTNAUT.


 

Yes, yes and yes on the marketing...........there is a plan to address Nxts marketing weaknesses coming up.
Or at least the outline of a plan. Possibly.

In the cause of transparency, honesty and openness in crypto currency, etc.....I'm going to answer a few questions / explain some of my motivation here.
It would be nice if Mark/Banx could answer a few of mine in return......deal?



Yep. NXT rules. And will rule.....but i'm not here to shill.
I came into crypto (like many others) as BTC started its MtGOX powered pump in Autumn 2013. I missed out on the NXT intial offer, btw.
I decided that BTC was not all that interesting, so started looking around for something better, and found NXT in Nov/Dec 2013....but before I got into NXT I checked out pretty much all of the crypto world using exactly the same due diligence procedure as I've used on Banx. I still check out new projects, and if something real comes along, I'm interested. So, If I thought Banx was genuinely good, it might be worth a go. But it's not.
I know that NXT isn't totally perfect (yet  ) but is an honest and genuinely useful project.
As for BTS....meh. I think it was a good project once, but has lost its way badly. I don't think badly of the BTS community, but I do have strong doubts about Dan 'n' Stan.
If I wanted to really hurt BTS, I'd just hold off and let them get deep into bed with Banx, then wait for the inevitable disaster.

I want to see honesty and transparency in crypto, just like it said on the box that Satoshi put it in. Every scam project is another bunch of investors that are burned on crypto, putting the adoption of all crypto currency back and giving the mainstream press yet another 'Bitcoin is a scam' story, not to mention all the misery caused by people losing their funds. And I really do not like scammers. At all.
I called Paycoin on being a scam the moment that the $20 buy wall was announced. They were promising something that was impossible in any real world scenario, and that was enough for me to conclude that Paycoin/GAW was dodgy as fuck. I'm good at this. I've also tortured a couple of prospective NXT projects with my due diligence routine.

Anyway...enough about me, let's talk about Banx for a while.
I've already had one run-in with them a few months ago:
https://bitcointalk.org/index.php?topic=1091855.msg11653489#msg11653489

And I was proved right. Completely, totally right. It took me 5 minutes to spot the falsification/error/bug/whatever in the Banx trade volume as reported to CMC, about 20 minutes to verify it solidly and a week of denial and stonewalling to get Banx to even admit that there was a problem.
So forgive me if I don't have much faith here........

I'm now seeing even worse problems with Banx, and I'm getting exactly the same response from everyone involved. Complete denial and a refusal to even look at the problems.


So that was me being as open as something that's fairly open.......now here are my 4 questions for today (and yesterday, and...);


Where does the revenue come from to pay out dividends to BanxShares holders ?

Could we see some form of accounts/balance sheets for any of the Banx group of companies ?

Banx must hold a large amount of BTC from its investors. Could they verify this ?
Where is your investors money ?

Banx.io has been accused of bot trading. I've offered to have the trading data analysed to examine this accusation.
Why can Banx not provide this data ? Commitment to openness, remember ?


If anyone has any more questions for me.......answer one of the above, with genuine, verifiable information to back it up, please.

Here's the lowdown on the business behind BTS LottoShares......

https://bitcointalk.org/index.php?topic=1181883.msg12571301#msg12571301

and from the beginning:
https://bitcointalk.org/index.php?topic=1181883.0

With perfect timing, just got this mail from Banx.io:


I have no idea if the registration link is legit, btw, I'm not clicking on anything from Banx.
ROFLing hard and walking away........

I do like Shapeshift.....feel a Tweet coming on.

and there they go:
https://twitter.com/EvilDave_NXT

OI !, get your thieving little hands off the NXT code, sunshine.

You are not complying with the terms of the GPL license under which Nxt software is distributed.
And I suspect you may be scamming anyway. Stop it......

Is that two massive errors in eight words ? Achievement.

Hey, peeps. I made the redemption transfers for last night a little bit late......sorry. 

Details, as ever, here:
https://bitcointalk.org/index.php?topic=1182317.msg12441796#msg12441796

Slightly later than usual, but I've just made the redemption payouts for yesterday.
As always:
https://bitcointalk.org/index.php?topic=1182317.msg12441796#msg12441796

We are talking to Bittrex about doing another swap on the exchnage itself. Stay tuned for further details.

And they did, here's the Skype log:


So that's C-CEX side of the story.
Any comments..... ?

I'll ask C-CEX directly, see if they feel like sharing their side of the story.

Directly answering questions is something that Mark has been conspicuously bad at.
Just like the last time:
https://bitcointalk.org/index.php?topic=1091855.msg11653035#msg11653035
I'm only posting publicly available, clearly verifiable information.
Find a lie or inaccuracy in any of my posts.....go on, I dare you.

So here's a tricky question or three:
Is BanxShares a cryptocurrency or an asset ?

Where does the revenue come from to pay the Banx dividends every month ?

Why can Mark not share any balance sheets or trading figures ?

Nice try, Timmyd, but I've seen absolutely nothing to indicate that Banx is a legitimate business.
The company registrations are just shells, they mean nothing.
I could create exactly the same corporate structure (including offices) for a few hundred pounds. Another few hundred on top for websites, and there you go.
  
You guys still haven't answered my last question, btw:
Where does the BTC to pay out Banx dividends come from ?

I can't find any sign of a business that makes money for the Banx group. It's just not visible.
So the only other source for the dividend money is from the investment stream that is flowing into Banx.
Show me a real set of accounts, or some BTC deposits, or something........

Moving back to the world of real information:

Luckily for my creditcard, Companies House just started to offer a beta service, making filed documents available without cost. Yay ! Good timing, too.

Heres the link :
https://beta.companieshouse.gov.uk/

Just type 'Banx' into the search box, and take it from there, here are the two main Banx Companies:

https://beta.companieshouse.gov.uk/company/08797622/filing-history

https://beta.companieshouse.gov.uk/company/08966626/filing-history

I've checked most of the docs for the two above, and so far it isn't all that interesting:
No accounts of any kind.
Both businesses were set up with other shareholders (apart from Mark) in the beginning,
but now all shares in both companies are in Marks hands.

This is Mark L's previous biz:
https://beta.companieshouse.gov.uk/company/06808131
Looks identical to his current Banx enterprises: same people as starting shareholders, then all shares go to Mark.
But it did file some accounts before going bankrupt.
Yep, I was slightly surprised, from February 2010.
Nice to know that Mark can file accounts.  

So what does all of this mean ?
Not very much really......it's just shell companies controlled and created by Mark L., with no sign of any real business activity or any shareholders other than Mark.