Are BanxShares as good as GAW Paycoin?

[bizzyb]

Do you understand that he has given his investors a "lifeline" because he wants to do the right thing?[/b]

You got it bad, bizzyb........ https://en.wikipedia.org/wiki/Stockholm_syndrome

The "right thing" is to not fake data when you seek funds from others, and continue to fake the (his) order book volume for many months. The man is fake, and a fail, and you are a victim of that.

Hey, at least you count as a 'real' friend on facebook, and not one of the thousands of fake ones. I mean, at least you havnt been bought...........oh!
    
How many nervous ticks, or touches to the face, at certain moments in his videos, do you need to watch before people realise Marks underlying/true motives?  


 

Mark should have shut down Banx and walked away?

On the day he decided that he needs to employ fake and bullshit marketing tactics to sell the idea of Banx.....yes, he should have immediately shut down Banx and walked away. That time would have been around 18 months ago. Tooooo late now.

It's too late to try to do the right thing?

He has had nearly 18months to do the right thing, and he nearly did the right thing by ending this farce. But no, as you can see from his last post, Mark is still in complete denial of his own capabilities, as he still believes there is a business to run. The man is not fit to run a bath.   

So he should shut it all down and us investors should be left with nothing?

What exactly do you suggest, other than childish name calling, should be done other than provide us investors a part of all his other businesses?

[stereotype]

What exactly do you suggest....

I suggest you nail Marks bollocks to the mast, and demand to know what happened to every penny going through Banx.....you know, like all legit and viable companies are able to do.

[bizzyb]

What exactly do you suggest....

I suggest you nail Marks bollocks to the mast, and demand to know what happened to every penny going through Banx.....you know, like all legit and viable companies are able to do.

This shows your fundamental lack of understanding, experience and knowledge.

Where has the money gone?

Multiple startups
2 years
Fintech
Crypto

A perfect storm of huge risk vs huge reward, that's where the money went.

[IanDeMartino]

Or maybe it went to Mark's new house? Do you think a person who lost a bunch of people's investment could afford a new house?

How about someone who _stole_ a bunch of people's investment? Do you think that person could afford a new house?

Because Mark recently bought one, while you were waiting for your banx shares to sell.

Everyone should watch that video with Jonny bitcoin. Mark shows a complete lack of crypto knowledge. I know he says he isn't a developer but his complete ignorance is telling. Jonny asks him the most basic questions and he falls flat on his face.

Luckily, Mark is too delusional to realize how bad he did.

Mark just adopted his bull shit get rich quick scheme to crypto because he thought the bitcoin world was complex enough for him to do it because he can just throw out buzzwords and confuse new people. Unfortunately for him, the bitcoin community doesn't just let this shit go.

When Mark leaves crypto, and he will once he realizes he can't extract anymore cash from crypto noobs, he will move back to his traditional MLM and get rich schemes. He never planned to create anything of value and it shows in the fact that the vast majority of his businesses never launched and never saw the advertising or growth that should come with an injection of cash. All of the advertising went to his funnel to get new suckers to buy banx. That is why he could only ever produce JVZoo invoices and nothing from his "businesses".

The right thing for him to do wouldn't be to end banx, it would be to sell his house and return the money he took from investors.

[bizzyb]

Or maybe it went to Mark's new house? Do you think a person who lost a bunch of people's investment could afford a new house?

How about someone who _stole_ a bunch of people's investment? Do you think that person could afford a new house?

Because Mark recently bought one, while you were waiting for your banx shares to sell.

I've been to that house.
It's a rental.
How do I know?
I know the landlord.

[ecotone]

Where did the money go?

Office rental for office that Mark doesn't appear to have anymore
Wages for various staff at above offices
Multiple unnecessary monitors for various staff
Living expenses and wages for Mark Lyford
Dividend payments to existing Banx holders (taken from capital/investment funds rather than profit)
Foolish early investments i.e. physical coins (before the demand had been established) and Bitcoin mining equipment
One solitary ATM collecting dust somewhere
Trips to Web Summit
Payment to Web Summit organisers in return for Remittio award

Also someone should ask Mark who he reimbursed because some people did have their Banxshares repurchased.

[bizzyb]

Payment to Web Summit organisers in return for Remittio award

What's your evidence for this?

[stereotype]

What exactly do you suggest....

I suggest you nail Marks bollocks to the mast, and demand to know what happened to every penny going through Banx.....you know, like all legit and viable companies are able to do.

Where has the money gone?

Multiple startups
2 years
Fintech
Crypto

A perfect storm of huge risk vs huge reward, that's where the money went.

Yep, i get that. You could sum up this brave new space, with the above references if you want.
But Banx attempted to be a real company by registering itself with Companies House and therefore committed itself to certain practises and processes. Processes and practices that Mark knows, affords Banx a certain value in the eyes of observers/investors/potential investors/tax office etc. For some baffling reason, Mark took the approach that spin, fakery, taking a victim mentality, undermining investors, doxing people, colluding with third party exchanges, claiming Bitcoin messiah wisdom etc etc, is the way to move forward with a registered company. Its not, and never will be, while there are genuine company directors, investors/potential investors etc. who find value in said processes and practices. Banx is trying to have it both ways, and it will fail. It will fail because it doesnt even come close to conforming to recognised share-holding business norms, even taking into account this space - a la wildwest.
It certainly wont fail because i or anyone else says so. Ultimately, it will fail cos the day of reckoning always comes, after spending time chasing made-up numbers. HMRC will see to that.
 

[bizzyb]

What exactly do you suggest....

I suggest you nail Marks bollocks to the mast, and demand to know what happened to every penny going through Banx.....you know, like all legit and viable companies are able to do.

Where has the money gone?

Multiple startups
2 years
Fintech
Crypto

A perfect storm of huge risk vs huge reward, that's where the money went.

Yep, i get that. You could sum up this brave new space, with the above references if you want.
But Banx attempted to be a real company by registering itself with Companies House and therefore committed itself to certain practises and processes. Processes and practices that Mark knows, affords Banx a certain value in the eyes of observers/investors/potential investors/tax office etc. For some baffling reason, Mark took the approach that spin, fakery, taking a victim mentality, undermining investors, doxing people, colluding with third party exchanges, claiming Bitcoin messiah wisdom etc etc, is the way to move forward with a registered company. Its not, and never will be, while there are genuine company directors, investors/potential investors etc. who find value in said processes and practices. Banx is trying to have it both ways, and it will fail. It will fail because it doesnt even come close to conforming to recognised share-holding business norms, even taking into account this space - a la wildwest.
It certainly wont fail because i or anyone else says so. Ultimately, it will fail cos the day of reckoning always comes, after spending time chasing made-up numbers. HMRC will see to that.
 

Time will tell.

I sincerely hope that will not be the case.
I'm a good judge of character and quite confident things were done in "good faith".

Have mistakes been made? Yes
Have certain groups been alienated and not engaged with? Yes
This thread is a symptom of that.

Losses have been incurred by all involved, losses which do not have to be realised just yet, as there " may" be a second chance for investors.
For that, and his determination in the face of adversity I respect Mark and will continue to support him how I can.
Not least as it is in my interest to help turn things around.

[ecotone]

bizzyb I'm afraid you have lost your money.

Mark is clinging on but eventually he'll give up.

Most likely he'll disappear into a depressive funk for a few months like the end of last year.

It's a shame but that's how he is. He continues to make the same mistakes over and over.

More worryingly he has been having thoughts about ending it all yet doesn't seem to be seeking professional help for it:

http://marklyford.com/personal/maybe-the-world-would-be-better-off-without-me

[runpaint]

https://youtu.be/AsKR84Mx8JA?t=5m8s


"The initial crowdsale didn't last very long on C-Cex"
 - Mark Lyford  March 22, 2016

BANX ran their ICO on c-cex, but now I hear all the coins on c-cex are worthless. Could this really be true?

No they didn't they sold them on banx.io

banx.io interface has been up, before the public even knew about banx shares , i was one of the first ppl to get in on banx when i saw it listed on multipool , the only reason i knew anything about it was because i did my research and searched google and other search engines to find out what i could about banx shares, i have my trade history for banx.io that goes way back before c-cex even started with banx shares

Okay dude you need to get away from they idea of c-cex having anything to do with Banx shares, there was an ongoing ICO that Mark had operating through Banx.io, for a good while i might add, and then he got approached by c-cex-pride, who then negotiated the adding of Banx shares to there exchange, under the guise of helping the ICO, and was not able to be contacted again after adding them, I was there, i saw all of it as it unfolded, day after day, if anyone is willing to take my word on it (prob not), im just a human, like all you, i am pointing my finger at c-cex over this, they where informed, well informed, and given plenty of notice, they chose to ignore everything happening around them, I would be asking them for my bitcoin if you still have shares there, as they still have not indicated why they ignored the warnings, and its starting to feel like this exchange has a stick up its ass over Banx tbh, i dont see any other exchanges causing any other problems, just c-cex.

I remember it was an ICO launched on C-Cex: https://twitter.com/CryptoCurrEncyX/status/521351548396646401

"Banx shares ICO just launched.
Shares pay BTC dividends monthly on profits.
http://banxshares.com/bitcointalk
Buy here: https://c-cex.com/?p=banx-btc
#banx"

https://twitter.com/CryptoCurrEncyX/status/528187598427394049

"BANX ICO finished. Trading open!
https://c-cex.com/?p=banx-btc
https://c-cex.com/?p=banx-usd
#banx $banx"

That just looks like c-cex where cashing in on the Banx ICO, I know for a fact that banx.io where selling them themselves so why would they sell them somewhere else? I know that after a few weeks c-cex approached Mark because it was mentioned in the chat room. So no they weren't involved in the ICO. They're simply another exchange.

You've actually just proved what I was saying anyway.

I know it was launched on c-cex first. Officially by Mark. I remember it happening, Mark was in the troll box talking to everyone about it. I feel bad for anyone who bought into the ICO.

If I remember correctly, banx.io interface didn't even exist at the time.

Sorry mate, but you are incorrect. Banx.io and the ICO was running for weeks prior to CCEX approaching me asking me if they could list it. Pride from CCEX did a deal with me then the main guy there came and changed the deal a few weeks later. Simple as that. plus we have had people mining shares that shouldn't be and dumping them into CCEX. Hence the reason for the hard fork.

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.

...

https://youtu.be/AsKR84Mx8JA?t=5m8s


"The initial crowdsale didn't last very long on C-Cex"
 - Mark Lyford  March 22, 2016

[bizzyb]

bizzyb I'm afraid you have lost your money.

Mark is clinging on but eventually he'll give up.

Most likely he'll disappear into a depressive funk for a few months like the end of last year.

It's a shame but that's how he is. He continues to make the same mistakes over and over.

More worryingly he has been having thoughts about ending it all yet doesn't seem to be seeking professional help for it:

http://marklyford.com/personal/maybe-the-world-would-be-better-off-without-me

He is receiving professional help, as well as support from friends and family.
Speaking from experience, suicidal thoughts are very common when receiving medication for other mental health issues.
Have you never thought about doing something "bad"?  I know you have, but did you act on it?

Mental health doesn't have to incapacitate someone and neither does it have to negate their inherent intelligence and ability, and only rarely does it do that.  Half of the people you know either have, had, or will have mental health issues, and will still be "normal".

Mark is not "clinging on", he is fighting, and he should be given a break to make things right, which is a massive part of his determination to continue.

[MarkLyford]

bizzyb I'm afraid you have lost your money.

Mark is clinging on but eventually he'll give up.

Most likely he'll disappear into a depressive funk for a few months like the end of last year.

It's a shame but that's how he is. He continues to make the same mistakes over and over.

More worryingly he has been having thoughts about ending it all yet doesn't seem to be seeking professional help for it:

http://marklyford.com/personal/maybe-the-world-would-be-better-off-without-me

Like I said to you on PM . You're a classy guy, real classy.

And like I said on Facebook just now here:https://www.facebook.com/photo.php?fbid=1031948663539373&set=a.178848365516078.45219.100001727478424&type=3&theater

These trolls and hater clearly don't know me very well...

Now... Im getting back to work.... What you guys gonna do?

[ecotone]

He can keep fighting all he likes but the sad truth is that Banx is finished and the best thing for him to do would be to wash his hands of it and start fresh with something completely different.

bigmanintown was smart, he got out last year. He probably saw what was coming and decided to leave before it all blew up.

Now Banx can be freely traded but the market is very illiquid. There's barely anyone buying although I believe you are averaging down which I hope you've read up about because it often causes more problems than it solves.

[MarkLyford]

He can keep fighting all he likes but the sad truth is that Banx is finished and the best thing for him to do would be to wash his hands of it and start fresh with something completely different.

bigmanintown was smart, he got out last year. He probably saw what was coming and decided to leave before it all blew up.

Now Banx can be freely traded but the market is very illiquid. There's barely anyone buying although I believe you are averaging down which I hope you've read up about because it often causes more problems than it solves.

It's a funny thing. You have only ever commented on this Banx related post. I reckon I know you. Care to share who you actually are? Like your REAL name?

[stereotype]

He can keep fighting all he likes but the sad truth is that Banx is finished and the best thing for him to do would be to wash his hands of it and start fresh with something completely different.

bigmanintown was smart, he got out last year. He probably saw what was coming and decided to leave before it all blew up.

Now Banx can be freely traded but the market is very illiquid. There's barely anyone buying although I believe you are averaging down which I hope you've read up about because it often causes more problems than it solves.

It's a funny thing. You have only ever commented on this Banx related post. I reckon I know you. Care to share who you actually are? Like your REAL name?

FFS Mark. Shame on you. 

[MarkLyford]

He can keep fighting all he likes but the sad truth is that Banx is finished and the best thing for him to do would be to wash his hands of it and start fresh with something completely different.

bigmanintown was smart, he got out last year. He probably saw what was coming and decided to leave before it all blew up.

Now Banx can be freely traded but the market is very illiquid. There's barely anyone buying although I believe you are averaging down which I hope you've read up about because it often causes more problems than it solves.

It's a funny thing. You have only ever commented on this Banx related post. I reckon I know you. Care to share who you actually are? Like your REAL name?

FFS Mark. Shame on you. 

Lol Screw you.

Shame on me? This is a response to a guy who is bringing mental health and depression into this troll thread? lol.. You are a funny guy stereotype...

Like I say.. Im sure I personally know ecotone. What is it with people not using their real names ehh ?...

[IanDeMartino]

Or maybe it went to Mark's new house? Do you think a person who lost a bunch of people's investment could afford a new house?

How about someone who _stole_ a bunch of people's investment? Do you think that person could afford a new house?

Because Mark recently bought one, while you were waiting for your banx shares to sell.

I've been to that house.
It's a rental.
How do I know?
I know the landlord.

Well, thanks for the info. I was just going off of what he seemed to claim in his Periscope videos.

So, you don't work for Mark, but you've been to his house, know his landlord, and you are seemingly running the Cryptomic Logo contest? Seems legit.

https://bitcointalk.org/index.php?topic=1400632.60







Defending him all day in forums, running his logo contest for him, seems like a lot of work. I guess when you are the only sucker left, no job is too big when it comes to defending your investment?

[bizzyb]

Or maybe it went to Mark's new house? Do you think a person who lost a bunch of people's investment could afford a new house?

How about someone who _stole_ a bunch of people's investment? Do you think that person could afford a new house?

Because Mark recently bought one, while you were waiting for your banx shares to sell.

I've been to that house.
It's a rental.
How do I know?
I know the landlord.

Well, thanks for the info. I was just going off of what he seemed to claim in his Periscope videos.

So, you don't work for Mark, but you've been to his house, know his landlord, and you are seemingly running the Cryptomic Logo contest? Seems legit.

https://bitcointalk.org/index.php?topic=1400632.60

Defending him all day in forums, running his logo contest for him, seems like a lot of work. I guess when you are the only sucker left, no job is too big when it comes to defending your investment?

I love crypto.
My own project has been running for a couple of years.
Being "involved" and being able to influence direction is fun.

Also helping someone who's back is against the wall takes courage, kicking someone when they're down takes cowardice.

[nomoreheroes7]

Lol Screw you.

Shame on me? This is a response to a guy who is bringing mental health and depression into this troll thread? lol.. You are a funny guy stereotype...

Like I say.. Im sure I personally know ecotone. What is it with people not using their real names ehh ?...

Regardless, the way you're presenting yourself is completely unprofessional and is a sure-fire way to turn off potential investors & anyone interested in doing real business with you...

You want the accusations/personal attacks to stop? Be upfront and answer questions fully and truthfully. Stop being shady and argumentative. Perhaps take a class in business acumen while you're at it.