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Mark, You bring all Your adopters bought BANX on c-cex to the situation when they can not withdraw about 10k of BANX stored in our exchange's wallet. You have to make Your new wallet version public or this will turn a big scam to people involved in banx.
You will probably say - we did not inform our customers about "invalidity" of banx funds they bought after certain date? No, because I don't
think they invalid. Customers bought it believeing they buy valid BANX because of Your ICO aproval at c-cex and support in our chat.
Or maybe You will say that You informed all Your customers that all banx will be invalid except those stored at Your exchange? Then I would say You don't understand how cryptocurrency works. It breaks a root idea of cryptocurrency. It can no be propriate because if so - it is only Yours, and actually don't belong to people who buy it. In this case You don't even need a cryptowallet. Just sell Your virtual balance numbers at banx.io
You will probably say - we did not inform our customers about "invalidity" of banx funds they bought after certain date? No, because I don't
think they invalid. Customers bought it believeing they buy valid BANX because of Your ICO aproval at c-cex and support in our chat.
Or maybe You will say that You informed all Your customers that all banx will be invalid except those stored at Your exchange? Then I would say You don't understand how cryptocurrency works. It breaks a root idea of cryptocurrency. It can no be propriate because if so - it is only Yours, and actually don't belong to people who buy it. In this case You don't even need a cryptowallet. Just sell Your virtual balance numbers at banx.io
OK lets put a nail in this coffin...
Pride-C-CEX came to us (Mark) and asked if you could list our shares on your exchange. We agreed to that as long as we are the only people selling it, (this is an ICO so fair enough) That deal was done and all was good.
Then you came back to us 2 weeks later (ICO still running) and said, you have 2 options, either we open it up to trading completely or we remove Banx from C-CEX. We said ok fine, remove it. You then went back and forth saying you couldn't remove it because there was trading happening on it and you only remove coins that have no volume. Basically changing the rules on us constantly!
We asked you to remove it, you said ok as long as you post why on the BCT thread. We posted the response on here and you said we had to edit it. We edited it and you were happy with those edits. Then you still refused to remove Banx from your exchange.
Since that time we found a security breach in our blockchain and made an announcement that we were hardforking the blockchain and all shares held outside of our exchange would become invalid at 5PM GMT on 28th November 2014. We told you and your team about this in plenty of time so you could inform your users and you failed to do so.
All shares currently held outside of our exchange are now invalid until we release the updated wallet when people holding shares in our exchange are free to withdraw them and trade them wherever they like.
The only people that are being affected by this are your users because you didn't make the announcement! We hardforked the blockchain because of security issues, told you about it and you refused to update your users. We made announcements in your trollbox as much as we could and still there was no official announcement from you.
You have screwed your users not us!
I have all the chat logs between Mark and the various people that claim to be at various different levels of management at your exchange although those levels seem to change on a daily basis!
The reason people had to move their Banx back to our exchange was because of a security issue which we are fixing now. Once that issue is sorted people are free to transfer their shares wherever they like but for now so we can keep track of everything and make sure no one loses out all shares must be in our system.
To receive your monthly profit payouts shares have to be in our exchange on the 25th of each month anyway an you have failed to announce that to your users. If you had announced that you would not be in this situation as all your users would have removed them from your exchange prior to our hard fork to receive their profit payout!Then they could have brought them back to your exchange to trade once we fixed the security issue!
I could go on for many pages about this, I could post the entire chat history to show how you have constantly changed the rules on us, based the buck to different members of your team and then ultimately ignored us but that would sound even more petty than this already does.
If anyone would like to read the full chat logs between Mark and C-CEX feel free to get in touch. If there are enough people we will post them up online for everyone to read.
It is not just us that have been on the receiving end of the underhanded business of C-CEX, I have heard it from other coin Devs as well!!
C-CEX is getting a bad name fast!
^^^ Thanks for the summary Simon. It says all that needs to be said
Sp BANX is not a cryptocurrency anymore? There is no public wallet. If so - then it is not a right place to run thread.
