Issue resolved.

[Gliss]

thanks @poloskarted for pointing me to this thread. 

It seems that ByronP has corrected the mistake on the API endpoint.  I'll make sure the volume history data on CMC is adjusted accordingly.

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[StanLarimer]

Swift kick.......love the [ANN], btw:
https://bitcointalk.org/index.php?topic=1097350.0

Any actual news to report ?

Seeing two Top Ten assets share one industrial grade blockchain:  Nice!

Seeing four exchanges partnering to produce a market bigger than their individual stovepipes:  Very Nice!

Realizing that your own coin or exchange is welcome to join the same party:  Priceless!

[poloskarted]

thanks @poloskarted for pointing me to this thread.  

It seems that ByronP has corrected the mistake on the API endpoint.  I'll make sure the volume history data on CMC is adjusted accordingly.

Good to see. Thanks for the swift action, it gives some faith to your ability to address community concerns.

Will be keeping one eye on it's transition to the rightful crypto-assets section once it's finds a home on stan's sturdy food grade bitshares platform , as he posted earlier

and perhaps another keen eye on the banx charts inevitable slope downward when a free market does what free markets do, and decides the logical worth for things given time... and  crucially, the ability to sell as well as buy

[SuicidalTendencies]

Always compare a coin you going to invest in to guldencoin, guldencoin is more useful then 99% of the alts and sitting at 90 something on coinmarketcap. I always use guldencoin as my base to see if another coin is under or over valued, then again I am a long term investor in cryptos , making quick money is not a requirement for me.

[EvilDave]

thanks @poloskarted for pointing me to this thread. 

It seems that ByronP has corrected the mistake on the API endpoint.  I'll make sure the volume history data on CMC is adjusted accordingly.

Ta-da! The numbers actually match up: 19BTC /  $4700 everywhere I look:

Code:

83954	Buy	0.00671000	386.77338308	2.59524940	Jun 25, 2015 8:53 AM
83948	Buy	0.00671000	203.40511534	1.36484832	Jun 25, 2015 7:29 AM
83947	Buy	0.00671000	297.59491418	1.99686187	Jun 25, 2015 6:00 AM
83946	Buy	0.00671000	9.92516188	0.06659784	Jun 25, 2015 5:28 AM
83945	Buy	0.00671000	112.22279933	0.75301498	Jun 25, 2015 4:57 AM
83943	Buy	0.00671000	2.14864066	0.01441738	Jun 25, 2015 4:25 AM
83942	Buy	0.00671000	95.19037822	0.63872744	Jun 25, 2015 3:53 AM
83941	Buy	0.00671000	259.51797869	1.74136564	Jun 25, 2015 2:29 AM
83937	Buy	0.00671000	230.46048988	1.54638989	Jun 25, 2015 12:57 AM
83936	Buy	0.00671000	164.32786756	1.10263999	Jun 24, 2015 11:36 PM
83934	Buy	0.00671000	2.00000000	0.01342000	Jun 24, 2015 8:08 PM
83933	Buy	0.00671000	122.00000000	0.81862000	Jun 24, 2015 7:29 PM
83932	Buy	0.00671000	140.00000000	0.93940000	Jun 24, 2015 6:24 PM
83931	Buy	0.00671000	201.17734723	1.34990000	Jun 24, 2015 5:19 PM
83930	Buy	0.00671000	81.00000000	0.54351000	Jun 24, 2015 4:59 PM
83921	Buy	0.00671000	101.00000000	0.67771000	Jun 24, 2015 3:31 PM
83916	Buy	0.00671000	96.00000000	0.64416000	Jun 24, 2015 2:25 PM
83915	Buy	0.00671000	66.00000000	0.44286000	Jun 24, 2015 1:24 PM
83914	Buy	0.00671000	127.00000000	0.85217000	Jun 24, 2015 12:20 PM
83913	Buy	0.00671000	113.00000000	0.75823000	Jun 24, 2015 10:59 AM
83911	Buy	0.00671000	92.00000000	0.61732000	Jun 24, 2015 9:55 AM

from Banx.io trade history....and here on CMC:
http://coinmarketcap.com/currencies/banxshares/#markets

Trading volume problem solved.

[MarkLyford]

Coinmarketcap will soon list BANX among the other "cryptoassets" because that is exactly what it is.  Therefore, it is not a "scam" but a "listing error" that will be corrected.

I have spoken with Gliss at CMC about this and when Banx Shares move to the Bitshares blockchain they will be then classed as an asset.

[MarkLyford]

thanks @poloskarted for pointing me to this thread.  

It seems that ByronP has corrected the mistake on the API endpoint.  I'll make sure the volume history data on CMC is adjusted accordingly.

Good to see. Thanks for the swift action, it gives some faith to your ability to address community concerns.

Will be keeping one eye on it's transition to the rightful crypto-assets section once it's finds a home on stan's sturdy food grade bitshares platform , as he posted earlier

and perhaps another keen eye on the banx charts inevitable slope downward when a free market does what free markets do, and decides the logical worth for things given time... and  crucially, the ability to sell as well as buy

So you know we ByronP and I addressed the issue directly with Gliss last week. Like I have said before we are here for the longer term plan. Your comment re the free market are correct. i am all about a free market, but I am also about getting the remainder of our shares sold to private investors so that we can scale and make the different phases of our plans a reality.

Can I assume that you are now happy and we can draw a line under this? Maybe even you could correct the subject of this thread and acknowledge there is no scam? Or maybe even reveal who you actually are too ?

[MarkLyford]

@EvilDave - glad you are happy with our resolution and response

[poloskarted]

thanks @poloskarted for pointing me to this thread.  

It seems that ByronP has corrected the mistake on the API endpoint.  I'll make sure the volume history data on CMC is adjusted accordingly.

Good to see. Thanks for the swift action, it gives some faith to your ability to address community concerns.

Will be keeping one eye on it's transition to the rightful crypto-assets section once it's finds a home on stan's sturdy food grade bitshares platform , as he posted earlier

and perhaps another keen eye on the banx charts inevitable slope downward when a free market does what free markets do, and decides the logical worth for things given time... and  crucially, the ability to sell as well as buy

So you know we ByronP and I addressed the issue directly with Gliss last week. Like I have said before we are here for the longer term plan. Your comment re the free market are correct. i am all about a free market, but I am also about getting the remainder of our shares sold to private investors so that we can scale and make the different phases of our plans a reality.

Can I assume that you are now happy and we can draw a line under this? Maybe even you could correct the subject of this thread and acknowledge there is no scam? Or maybe even reveal who you actually are too ?

I have corrected the thread title. As far as who I am goes, I am just a passive observer in the markets- I have no significant biases against your project aside from noticing an inconsistency which I felt indicated either a) some level of deception or b) a genuine error, either way I felt it's important for market participants to be exposed to correct, non-inflated trading data in order to make sound investment decisions. I don't particularly feel your project is worthy of it's $10 million dollar valuation but I certainly have nothing against you for getting out there and making your vision come to life, and I at least appreciate the fact you have shown up to address concerns. I am happy with the fix and we can draw a line under this.

[EvilDave]

@EvilDave - glad you are happy with our resolution and response

Yup, I'm happy that it's resolved, any idea what the cause of the problem was ?

[MarkLyford]

@EvilDave - glad you are happy with our resolution and response

Yup, I'm happy that it's resolved, any idea what the cause of the problem was ?

Too technical for me ByronP resolved it

[MarkLyford]

thanks @poloskarted for pointing me to this thread.  

It seems that ByronP has corrected the mistake on the API endpoint.  I'll make sure the volume history data on CMC is adjusted accordingly.

Good to see. Thanks for the swift action, it gives some faith to your ability to address community concerns.

Will be keeping one eye on it's transition to the rightful crypto-assets section once it's finds a home on stan's sturdy food grade bitshares platform , as he posted earlier

and perhaps another keen eye on the banx charts inevitable slope downward when a free market does what free markets do, and decides the logical worth for things given time... and  crucially, the ability to sell as well as buy

So you know we ByronP and I addressed the issue directly with Gliss last week. Like I have said before we are here for the longer term plan. Your comment re the free market are correct. i am all about a free market, but I am also about getting the remainder of our shares sold to private investors so that we can scale and make the different phases of our plans a reality.

Can I assume that you are now happy and we can draw a line under this? Maybe even you could correct the subject of this thread and acknowledge there is no scam? Or maybe even reveal who you actually are too ?

I have corrected the thread title. As far as who I am goes, I am just a passive observer in the markets- I have no significant biases against your project aside from noticing an inconsistency which I felt indicated either a) some level of deception or b) a genuine error, either way I felt it's important for market participants to be exposed to correct, non-inflated trading data in order to make sound investment decisions. I don't particularly feel your project is worthy of it's $10 million dollar valuation but I certainly have nothing against you for getting out there and making your vision come to life, and I at least appreciate the fact you have shown up to address concerns. I am happy with the fix and we can draw a line under this.

Thank you. Much appreciated.

[ByronP]

In order to accommodate the traffic on the http api the in memory cache had to be changed some coins would create multiple entries and in the end wind up having inconsistent data. The cache used by the WSSR api is a separate system and was not affected by this bug. There are 2-3 tiers of caching depending on what the data is and how imperative it is to be completely correct and if the data in the cache is not correct or is inserted more than 1 time multiple results will be returned with the same head resulting in inflated numbers.

ala:

order 1, vol 1
order 1, vol 1

[call get order 1]
order 1, vol 2

this is just an example to make it visual and not how the cache actually looks (if you could look at it) :-)

So I hope that clears things up for everyone. Any questions please feel free to contact me.

[runpaint]

New topic about Banxshares and some unanswered questions:

https://bitcointalk.org/index.php?topic=1181883.0

[EvilDave]

I've just noticed that the most annoying BTS shill ever, Bitcoinjesus, seems to have deleted all of his posts here......wonder why ?

Still, I did find one:

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.

Correct, Banxshares is most definitely not a scam.

Conducting business with Banxshares may currently require a level of human trust that is foreign to those of us accustomed to reserving our trust for immutable ledger blockchain-based businesses, however, I'm sure that you can trust that the good people behind Banxshares are not selling you a fractionally reserved product.  Exactly which part of their business is anchored by an immutable ledger is unclear at this point, however, I'm sure that they are planning on integrating Satoshi's invention into their accounting soon because why else would coinmarketcap publish their marketcap?

Ok, so diving through your sarcasm I think the best you can say is buyer beware just in case Banx doesn't deliver against its business plan.  Isn't that a risk with investing in anything?

Its not as if Banx is claiming to be something it isn't....

Hmmm....I am back to ROFLíng for a while.

[EvilDave]

And, just in case, here's a selection of Stan quotes from this thread for posterity:

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.

*************************************************************************

What a coincidence!

Max Wright just released this interview with Dan Larimer on User Issued Assets!

User Issued Assets

A 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.

*************************************************************************

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/#markets

Er....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...

*************************************************************************

Swift kick.......love the [ANN], btw:
https://bitcointalk.org/index.php?topic=1097350.0

Any actual news to report ?

Seeing two Top Ten assets share one industrial grade blockchain:  Nice!

Seeing four exchanges partnering to produce a market bigger than their individual stovepipes:  Very Nice!

Realizing that your own coin or exchange is welcome to join the same party:  Priceless!

Yep, I like that.