EvilDave
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June 18, 2015, 05:56:35 PM |
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Ummm....where does the CMC information come from ? Looking at the Banx.io BANX<>BTC market shows pretty much no activity: https://banx.io/trade?c=BANX&p=BTCSo where is the trading that BANX market cap is based upon ?
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EvilDave
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June 18, 2015, 06:13:03 PM |
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Just for a laugh, decided to run the numbers. Taken from Banx.io trade history, this is all the trading for the last 24 hours: Banx Price Quantity BTC cost 83417 Buy 0.00671000 69.00000000 0.46299000 Jun 18, 2015 7:02 PM 83413 Buy 0.00671000 55.00000000 0.36905000 Jun 18, 2015 5:32 PM 83408 Buy 0.00671000 145.00000000 0.97295000 Jun 18, 2015 4:00 PM 83406 Buy 0.00671000 90.00000000 0.60390000 Jun 18, 2015 2:32 PM 83405 Buy 0.00671000 128.00000000 0.85888000 Jun 18, 2015 1:01 PM 83403 Buy 0.00671000 129.00000000 0.86559000 Jun 18, 2015 11:49 AM 83400 Buy 0.00671000 136.00000000 0.91256000 Jun 18, 2015 10:29 AM 83398 Buy 0.00671000 127.00000000 0.85217000 Jun 18, 2015 9:03 AM 83397 Buy 0.00671000 149.00000000 0.99979000 Jun 18, 2015 7:58 AM 83396 Buy 0.00671000 96.00000000 0.64416000 Jun 18, 2015 6:57 AM 83395 Buy 0.00671000 97.00000000 0.65087000 Jun 18, 2015 5:51 AM 83394 Buy 0.00671000 57.00000000 0.38247000 Jun 18, 2015 4:30 AM 83393 Buy 0.00671000 58.00000000 0.38918000 Jun 18, 2015 3:26 AM 83392 Buy 0.00671000 144.00000000 0.96624000 Jun 18, 2015 1:58 AM 83391 Buy 0.00671000 135.00000000 0.90585000 Jun 18, 2015 12:25 AM 83390 Buy 0.00671000 93.00000000 0.62403000 Jun 17, 2015 11:21 PM 83388 Buy 0.00671000 62.00000000 0.41602000 Jun 17, 2015 10:19 PM 83387 Buy 0.00671000 74.00000000 0.49654000 Jun 17, 2015 9:01 PM 83385 Buy 0.00671000 1.40000000 0.00939400 Jun 17, 2015 8:45 PM 83382 Buy 0.00671000 72.00000000 0.48312000 Jun 17, 2015 7:29 PM Being too lazy to get the calculator out, I estimate total BANX trading on Banx.io at around 13 BTC / $3250 over the last 24 hours. CMC shows 62 BTC / $15,500: http://coinmarketcap.com/currencies/banxshares/#marketsEr....anyone got a sane explanation ?
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StanLarimer
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June 18, 2015, 06:18:37 PM Last edit: June 18, 2015, 06:43:25 PM by StanLarimer |
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What a coincidence! Max Wright just released this interview with Dan Larimer on User Issued Assets! User Issued AssetsA detailed written explanation can be found here: https://bitshares.org/technology/user-issued-assets/
Once you've pondered BanxShares with these new mind-expanding concepts in your head you'll see that there is much more you can do with crypto than the minds of men have yet to imagine. Just like all the cool things you can do with plutonium.
My only recommendation is that financial products like this are better off being listed on the BitShares Exchange Network (BEN) as user issued assets rather than as stand-alone coins. On Big BEN they would find higher performance, lower costs, greater network effect, and informed, economically aware people who are looking for lucrative new business models and financial instruments in which to trade, speculate, and invest.
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EvilDave
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June 18, 2015, 06:29:39 PM |
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They're old concepts, Stan.
NXT got there a long time before you, as you well know. But imitation is the sincerest form of flattery, so thanks, mate!
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StanLarimer
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June 18, 2015, 06:30:30 PM |
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Just for a laugh, decided to run the numbers. Being too lazy to get the calculator out, I estimate total BANX trading on Banx.io at around 13 BTC / $3250 over the last 24 hours. CMC shows 62 BTC / $15,500: http://coinmarketcap.com/currencies/banxshares/#marketsEr....anyone got a sane explanation ? How about most of them are HODLers in the underlying asset so they can get a piece of its profits instead of a piece of its appreciation? Such assets don't trade that much, especially if they belong to private shareholders of a real company. Again, expand your thinking about the kinds of things transparent ledger technology is good for. Watch the 5 minutes with Max clip again and again until...
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StanLarimer
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June 18, 2015, 06:33:24 PM |
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They're old concepts, Stan.
NXT got there a long time before you, as you well know. But imitation is the sincerest form of flattery, so thanks, mate!
Precisely, Bitcoin 2.0 "Smartchain" technology, like NXT, BitShares, et. al. needs to be evaluated differently than the rules for evaluating simple 1.0 style coins. Nothing wrong with coins, but they are just the first sliver of daylight at sunrise.
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EvilDave
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June 18, 2015, 06:52:00 PM |
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Just for a laugh, decided to run the numbers. Being too lazy to get the calculator out, I estimate total BANX trading on Banx.io at around 13 BTC / $3250 over the last 24 hours. CMC shows 62 BTC / $15,500: http://coinmarketcap.com/currencies/banxshares/#marketsEr....anyone got a sane explanation ? How about most of them are HODLers in the underlying asset so they can get a piece of its profits instead of a piece of its appreciation? Such assets don't trade that much, especially if they belong to private shareholders of a real company. Again, expand your thinking about the kinds of things transparent ledger technology is good for. That doesn't make any sense, Stan, and isn't even on-topic. The point is : CMC shows $15,000 traded in 24 hours on Banx.io, but Banx.io shows slightly over $3000 traded in the same period. Cynical people (like myself) would assume that this is some form of market manipulation, but I'm open to other explanations.
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ðºÞæ
Sr. Member
Offline
Activity: 1176
Merit: 297
Bitcoin © Maximalist
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June 18, 2015, 07:15:42 PM Last edit: June 18, 2015, 07:29:35 PM by ðºÞæ |
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Just for a laugh, decided to run the numbers. Taken from Banx.io trade history, this is all the trading for the last 24 hours: Banx Price Quantity BTC cost 83417 Buy 0.00671000 69.00000000 0.46299000 Jun 18, 2015 7:02 PM 83413 Buy 0.00671000 55.00000000 0.36905000 Jun 18, 2015 5:32 PM 83408 Buy 0.00671000 145.00000000 0.97295000 Jun 18, 2015 4:00 PM 83406 Buy 0.00671000 90.00000000 0.60390000 Jun 18, 2015 2:32 PM 83405 Buy 0.00671000 128.00000000 0.85888000 Jun 18, 2015 1:01 PM 83403 Buy 0.00671000 129.00000000 0.86559000 Jun 18, 2015 11:49 AM 83400 Buy 0.00671000 136.00000000 0.91256000 Jun 18, 2015 10:29 AM 83398 Buy 0.00671000 127.00000000 0.85217000 Jun 18, 2015 9:03 AM 83397 Buy 0.00671000 149.00000000 0.99979000 Jun 18, 2015 7:58 AM 83396 Buy 0.00671000 96.00000000 0.64416000 Jun 18, 2015 6:57 AM 83395 Buy 0.00671000 97.00000000 0.65087000 Jun 18, 2015 5:51 AM 83394 Buy 0.00671000 57.00000000 0.38247000 Jun 18, 2015 4:30 AM 83393 Buy 0.00671000 58.00000000 0.38918000 Jun 18, 2015 3:26 AM 83392 Buy 0.00671000 144.00000000 0.96624000 Jun 18, 2015 1:58 AM 83391 Buy 0.00671000 135.00000000 0.90585000 Jun 18, 2015 12:25 AM 83390 Buy 0.00671000 93.00000000 0.62403000 Jun 17, 2015 11:21 PM 83388 Buy 0.00671000 62.00000000 0.41602000 Jun 17, 2015 10:19 PM 83387 Buy 0.00671000 74.00000000 0.49654000 Jun 17, 2015 9:01 PM 83385 Buy 0.00671000 1.40000000 0.00939400 Jun 17, 2015 8:45 PM 83382 Buy 0.00671000 72.00000000 0.48312000 Jun 17, 2015 7:29 PM Being too lazy to get the calculator out, I estimate total BANX trading on Banx.io at around 13 BTC / $3250 over the last 24 hours. CMC shows 62 BTC / $15,500: http://coinmarketcap.com/currencies/banxshares/#marketsEr....anyone got a sane explanation ? same fakery as xrp, except ripple guys are more professional
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"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling." Satoshi Nakamoto, April 2009 Avoiding taxes is totally legal if you consider and respect the law.
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EvilDave
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June 18, 2015, 08:27:39 PM |
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Time for a quick update: In the last couple of hours, we've seen 2 new trades on Banx.io: 83422 Buy 0.00671000 104.00000000 0.69784000 Jun 18, 2015 10:03 PM 83418 Buy 0.00671000 147.00000000 0.98637000 Jun 18, 2015 8:28 PM 83417 Buy 0.00671000 69.00000000 0.46299000 Jun 18, 2015 7:02 PMCall it 1.7 BTC on those two trades, $ 425 And on CMC: http://coinmarketcap.com/currencies/banxshares/#marketsThe 24 hour trade volume has risen to $16,940, a jump of $1500. Curiouser and curiouser.
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DecentralizeEconomics
Legendary
Offline
Activity: 1162
Merit: 1042
White Male Libertarian Bro
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June 18, 2015, 08:46:56 PM |
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My only recommendation is that financial products like this are better off being listed on the BitShares Exchange Network (BEN) as user issued assets rather than as stand-alone coins. On Big BEN they would find higher performance, lower costs, greater network effect, and informed, economically aware people who are looking for lucrative new business models and financial instruments in which to trade, speculate, and invest.
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"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
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TaunSew
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June 18, 2015, 09:31:28 PM |
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They're old concepts, Stan.
NXT got there a long time before you, as you well know. But imitation is the sincerest form of flattery, so thanks, mate!
Where do you think Bitshares is getting their ideas from? NXT makes it, does nothing with it, Bitshares then takes it and Bitshares capitalization goes up.
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There ain't no Revolution like a NEMolution. The only solution is Bitcoin's dissolution! NEM!
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EvilDave
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June 18, 2015, 10:25:58 PM |
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By 'does nothing with it' you mean 'nothing apart from dominating the assets market and creating an ecosystem worth more than the total market cap of NXT itself ', I assume ?
Anyhow, much as I love the old BTS vs NXT grudge match......can we move back on-topic ? You lot do know that this topic is about Banxshares, not Bitshares, right ?
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ByronP
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June 19, 2015, 12:14:48 AM |
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CMC pulls its data from the site just like you did so I don't know where the error is at this point. Also remember that this is an asset not a currency. As such assets have different parameters, prices, holds and more depending on what was negotiated for the sale. Regardless you should not call something a scam until there is some proof of such. When it comes to BANX there is a plan and it has been slowly rolling out and users have been receiving there payouts as negotiated. These are the indicators of a company that is working hard in the right direction not one that has any intention of scamming anyone. There is a ton of projects going on and a lot of money that has been invested by the owner, so if anyone stands to lose it’s him. He is going out on a limb with his money to make the plan a reality and when I say this I mean the man really has put his money on the line here.
Now as per bitshares there is a big misguided thought here. People have judged bitshares by the creator not by the technology. If you look at bitshares V2 you will see that this technology is not even in the same realm as nxt or ripple. The functionality that is being implemented is well beyond any other and in the end isn't that what matters. If you don't like bitshares don't use bitshares (both the asset and technology) that's a personal preference but if you try and deny its possibilities you are being ignorant. Just as an example bitcoin could be converted to this technology and gain all of the features of it and the creator wouldn't be rich because of it, it would just be another asset.
Many people also don't like the idea of 1 share 1 vote because it takes a lot of money to have a major impact on decisions and they don't think it’s fair to the small holder. However this is in fact fair because a person with a bigger interest has more on the line and therefore has more voting power. This means the system is capitalistic and republic. Is that really a bad thing when you are someone with millions on the line, I don't think so. If banks use this or similar technology our global economic landscape could be changed and even a small country could have the deciding vote on a change.
These are my thoughts and don’t represent any official stand by Banx Capital, owners, partners or affiliates.
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ByronP
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June 19, 2015, 12:17:08 AM |
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They're old concepts, Stan.
NXT got there a long time before you, as you well know. But imitation is the sincerest form of flattery, so thanks, mate!
Where do you think Bitshares is getting their ideas from? NXT makes it, does nothing with it, Bitshares then takes it and Bitshares capitalization goes up. You obviously have not seen the code or even the api... you are comparing apples to a rock... there is no comparison... please read up on assets and financial platforms before making uninformed comments.
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ByronP
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June 19, 2015, 12:21:35 AM Last edit: June 19, 2015, 12:42:16 AM by ByronP |
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By 'does nothing with it' you mean 'nothing apart from dominating the assets market and creating an ecosystem worth more than the total market cap of NXT itself ', I assume ?
Anyhow, much as I love the old BTS vs NXT grudge match......can we move back on-topic ? You lot do know that this topic is about Banxshares, not Bitshares, right ?
Agreed it's off topic. So to stay on topic, for you complainers if you see an error somewhere please report it to me. If you don't like or understand assets don't be a BANX holder. If you don't like me or management then don't be a BANX holder. If you don't like... you guessed it don't be a holder! It's a simple concept.
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poloskarted (OP)
Member
Offline
Activity: 63
Merit: 10
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June 19, 2015, 07:42:48 AM |
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We need to be careful about crying "scam" all the time until we take the time to understand the underlying business models and what an issuer is trying to accomplish for her target customers.
We're not in Kansas anymore, Toto, and every innovative digital asset is not trying to be a payment coin.
That means you need to do your homework before you invest in anything. And before you criticize it.
But that homework is much more than superficial arguments about Proof of Manhood or how decentralized something really is or whether the solution is "sufficiently cryptolitically correct", whatever that means.
Serious businesses are starting to enter the space with serious services they are offering to serious customers.
If a serious business is meeting the needs of serious customers then we do everybody a disservice by making the coinmarketcap ecosystem into a never-ending firing range for people who have no idea what they are criticizing or how to fairly evaluate it.
Keep it up and you'll kill off most of the innovation you are hoping to invest in. That, or serious businesses will take their opportunities elsewhere.
Whilst I agree with some of the points in your rant, with all due respect it is largely nothing to do with the points I'm raising. and seems to be posted with the ulterior motive of self-promotion of your own platform. Whilst you make a point we shouldn't scream out prematurely when we see something that looks like a red flag you are adopting the opposite approach in the defense stand; constructing stories about how the daily $15k volume comes from buyers who are holding these shares and earning profits from the underlying company. Whilst that's a nice idea If you researched this particular asset more you'd find that quite far fetched, it's clutching at straws. I'm comfortable in my accusation that the devs have 'scammed' their way to a $10 million market cap and 'scammed' their way to producing fake volume reports on the only platform their 'asset' exists on- both of which are owned by themselves. This is done with the intention of making their project more appear more successful than it actually is, and that is not fair and open business to me. I don't trust manipulation. Tell me this is normal. As part of our ongoing plan to improve services, we require all investors in Banx shares to transfer all shares held to Banx.io exchange no later than the 28th of November 2014.
As part of our continuing effort to improve Banx Capital services, maintenance is scheduled to begin on the Banx Shares wallet which will involve wallet modification and upgrade to the existing wallet technology. These are mandatory updates.
This maintenance will require a hard fork of the wallet code, so please be advised that all outstanding shares not deposited on the exchange by the 28th of November are at risk of becoming invalid shares as future wallets will not be compatible with the current wallets.
While the upgrades are being implemented all withdrawals and deposits of Banx Shares will be disabled to prevent complications arising from the new updates. Please be advised that until testing of the new wallet code is conducted and the results are within expectation to a satisfactory standard, no fixed date is set for the conclusion of these pending updates. Just for a laugh, decided to run the numbers. Being too lazy to get the calculator out, I estimate total BANX trading on Banx.io at around 13 BTC / $3250 over the last 24 hours. CMC shows 62 BTC / $15,500: http://coinmarketcap.com/currencies/banxshares/#marketsEr....anyone got a sane explanation ? How about most of them are HODLers in the underlying asset so they can get a piece of its profits instead of a piece of its appreciation? Such assets don't trade that much, especially if they belong to private shareholders of a real company. Again, expand your thinking about the kinds of things transparent ledger technology is good for. That doesn't make any sense, Stan, and isn't even on-topic. The point is : CMC shows $15,000 traded in 24 hours on Banx.io, but Banx.io shows slightly over $3000 traded in the same period. Cynical people (like myself) would assume that this is some form of market manipulation, but I'm open to other explanations. Exactly my point. Thank you.
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EvilDave
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June 19, 2015, 08:28:16 AM |
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By 'does nothing with it' you mean 'nothing apart from dominating the assets market and creating an ecosystem worth more than the total market cap of NXT itself ', I assume ?
Anyhow, much as I love the old BTS vs NXT grudge match......can we move back on-topic ? You lot do know that this topic is about Banxshares, not Bitshares, right ?
Agreed it's off topic. So to stay on topic, for you complainers if you see an error somewhere please report it to me. If you don't like or understand assets don't be a BANX holder. If you don't like me or management then don't be a BANX holder. If you don't like... you guessed it don't be a holder! It's a simple concept. We've shown you the 'error' in Banxshares trading volume: the numbers from Banx.io (the only trading platform for BANX) and the numbers from CMC.com do not match up. And we're not talking about a small error, either. The reported trading on CMC ( $15,000) is approximately 5 times higher than the trading shown on Banx.io ( $3000). If Banxshares is a legitimate project, I'd expect them to take a look at this issue, figure out where the problem lies, then correct it and issue a sane statement. (that's a hint, btw) If they are a scam.....I'd expect some defensive BS and a complete lack of action. Numbers for today:
Banx.io:
83449 Buy 0.00671000 112.00000000 0.75152000 Jun 19, 2015 8:54 AM 83448 Buy 0.00671000 101.00000000 0.67771000 Jun 19, 2015 7:31 AM 83446 Buy 0.00671000 144.00000000 0.96624000 Jun 19, 2015 6:02 AM 83444 Buy 0.00671000 2.00000000 0.01342000 Jun 19, 2015 5:54 AM 83443 Buy 0.00671000 129.00000000 0.86559000 Jun 19, 2015 4:57 AM 83435 Buy 0.00671000 89.00000000 0.59719000 Jun 19, 2015 3:32 AM 83433 Buy 0.00671000 94.00000000 0.63074000 Jun 19, 2015 1:52 AM 83428 Buy 0.00671000 70.00000000 0.46970000 Jun 19, 2015 12:50 AM 83423 Buy 0.00671000 122.00000000 0.81862000 Jun 18, 2015 11:31 PM 83422 Buy 0.00671000 104.00000000 0.69784000 Jun 18, 2015 10:03 PM 83418 Buy 0.00671000 147.00000000 0.98637000 Jun 18, 2015 8:28 PM 83417 Buy 0.00671000 69.00000000 0.46299000 Jun 18, 2015 7:02 PM 83413 Buy 0.00671000 55.00000000 0.36905000 Jun 18, 2015 5:32 PM 83408 Buy 0.00671000 145.00000000 0.97295000 Jun 18, 2015 4:00 PM 83406 Buy 0.00671000 90.00000000 0.60390000 Jun 18, 2015 2:32 PM 83405 Buy 0.00671000 128.00000000 0.85888000 Jun 18, 2015 1:01 PM 83403 Buy 0.00671000 129.00000000 0.86559000 Jun 18, 2015 11:49 AM 83400 Buy 0.00671000 136.00000000 0.91256000 Jun 18, 2015 10:29 AM 83398 Buy 0.00671000 127.00000000 0.85217000 Jun 18, 2015 9:03 AM
12.5 BTC / $3125 traded on Banx.io in the last 24 hours.
CMC shows:
BanxShares BanxShares (BANX) $ 1.67 (1.28 %) 0.00671000 BTC (0.00 %)
Market Cap Volume (24h) Available Supply Total Supply $ 9,857,724 39,553 BTC $ 15,603 63 BTC 5,894,604 BANX 12,000,014 BANX
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claycoins
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June 19, 2015, 08:57:08 AM |
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This started off as a cryptocurrency, now it is nothing but numbers on a webpage.
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Crystalicus
Member
Offline
Activity: 97
Merit: 12
Money is nothing. Crypto currency is the future
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June 19, 2015, 09:08:17 AM |
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I think that the market is already full of coins with a 100% premine that always end with 100% fraud. Just look at paycoin or auroracoin or other crap with an asterisk * or ** on the site http://coinmarketcap.com But if you want to lose your money, you can safely buy it
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timmyd
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June 19, 2015, 05:43:10 PM |
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Has anyone actually been scammed here? Because if your saying something is a scam you should be 100% sure it is before creating a thread about it. Technically slander. Want to here my experience with banx? I have been a profit share holder since november 2014. And every month i have recieved my dividends from the profits banx has made. No one is or has been scammed. If you are unsure of what banx is and what banx has planned for the future instead of creating scam threads speak to mark or any of the team. You will not find a more transparent crypto company anywhere other than banx. Ive been a part of this for a while now ive seen it grow ive seen the problems ive seen the problems resolved ive been involved in the skype group we have with lots of inteligent people onboard. I just hate it when someone is actually trying to make something good here and you guys come along and slander it. Its not on at all. Banx is not even comparable to 99% of the shite that is on this forum. Tbh im lucky that mark actually decided to offer shares on this forum or i would have missed the opportunity. Banx is not interested in winning any of you guys over you .make your own minds up. Banx is focussing on bringing fresh new people into crypto which is a good thing for all projects here in this crypto world weve all created. This company has been built from the ground up the offices are 2hrs away from me and they are very real just like all the people who have shown face. Marks even done videos in the office showing you everyone working away. I dont know what more he can do. Its ultimatley up to you guys to use your inititive to get involved or not. But take it from me banx is the real deal and im looking forward to whats lined up. Come join us in the skype group ask mark the questions u want asnswering get involved. But please dont be trollish and create scam threads especially when you have no proof of a scam you just sound silly. Peace
Editied for spellings
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