Are BanxShares as good as GAW Paycoin?

[stereotype]

Wrong thread, toke?

[runpaint]

...

According to CoinMarketCap.com, Banx.io only does $14 a day in volume apart from sales of BANX itself.  

So if the dividends are coming from the sales of BANX, and Banx is the only one selling BANX, then that's called a Ponzi scheme.  

...

Yep everything you just claimed is bs good one.

BS stands for Banx Shares

[timmyd]

Lottoshares.com has been picked up by bitcoin magazine!



https://bitcoinmagazine.com/articles/lottoshares-set-to-shake-up-crowdfunding-through-blockchain-1442707233

[EvilDave]

From the article:

LottoShares​ is set to launch this week. Lyford and Taggart have expressed their excitement to increase the awareness of this continually innovative opportunity. The money raised during the contribution phase of the LottoShares launch will go to the expansion of operations, employment increase, and the cost to transfer this lottery onto the Bitshares blockchain platform.

No mention of Mark using it to plug the huge hole in Banxshares, though. 

If what I suspect is true, then a lot of people are gonna come out of this very unhappy.

Wonder if Michael Taggart did his due diligence on Banx ?

[stereotype]

Wonder if Michael Taggart did his due diligence on Banx ?

He is welcome to join the next meeting of - 'Performing Due Diligence on Banx' if he wants.

Here are the details from the last meeting......

[timmyd]

Wonder if Michael Taggart did his due diligence on Banx ?

He is welcome to join the next meeting of - 'Performing Due Diligence on Banx' if he wants.

Here are the details from the last meeting......

^^^Is that you lot lol at your meeting

[stereotype]

Wonder if Michael Taggart did his due diligence on Banx ?

He is welcome to join the next meeting of - 'Performing Due Diligence on Banx' if he wants.

Here are the details from the last meeting......

^^^Is that you lot lol at your meeting

If you cant see whats staring you in the face, i cant help you. 

[timmyd]

Just 3 chimps lol
I could also say the same to you

[EvilDave]

Yeah, you could....but it'd work a lot better if you could post some meaningful numbers, instead of insulting people.
Not that there's anything wrong with a good slanging match, but it's not going to prove very much.

If I am right in my nasty suspicions about Banx, and so far no-ones even tried to prove me wrong, then all of the BTC you originally put into Banx is gone.
Supporting a 245% ROI over the long term is tricky: It's almost impossible for a real business, and completely impossible for a Ponzi.
The higher the ROI, the faster the Ponzi scheme burns up all the investment money flowing into it.

Think about this: you put $1000 into BanxPlatinum, and over a year you get paid out $2450 in dividends. How the hell is that possible ?
Really, I'd love to know.

[stereotype]

Think about this: you put $1000 into BanxPlatinum, and over a year you get paid out $2450 in dividends. How the hell is that possible ?
Really, I'd love to know.

........

[timmyd]

Didnt realise you were stereotype dave??? As stated before i have no numbers to give you. (Just an investor remember). I was just responding to you/r friend stereo and his selfie. I know that being part of platinum gives you access to the banx btc traders trades who are making 10-15% per month. This also gets added to the banx dividends every month aswell as the proffit from the other parts of the business.
And you are correct about ponzis the higher return the shorter the scheme lasts. Funny thing is banx has been running as a business now for around 12months record ponzi scheme? Or just a real business start up?

Im here for the long run and i will take great enjoyment watching my investment grow while you guys squabble in this troll thread for tid bits of info that suit your agenda.

[EvilDave]

***cut***
 Funny thing is banx has been running as a business now for around 12months record ponzi scheme? Or just a real business start up?
***cut**

Yep. That is the question. I know what I think about Banx, based on the evidence available, but if Banx can provide me with some numbers that actually make sense I'll get off their case. You know what I'd like to see, I've asked often enough, and it's nothing that should be difficult for a real business to provide.

And, fyi, my agenda is to take Nxt (and cryptocurrency) into the frigging mainstream. Big time.
I want to improve the world (even if it's only slightly) and make enough money honestly to sit on my arse for a few years in a sunny climate. or Switzerland.....or both.
Scams and schemes do not help, they just make a handful of people richer, lots of people poorer, and give all of crypto a bad name.

In other words: scammers are getting in the way of my well-earned retirement, and this pisses me off.

[adhitthana]

Can i buy banx Shares somewhere and then sell them 5 minutes later like I can with other crypto coins?

[EvilDave]

Yeah, I guess.....but only on Banx.io.
http://coinmarketcap.com/currencies/banxshares/#markets

Good luck.

[visual111]

thanks for posting OP

[EvilDave]

Looks like a good time for a kick........

@Banx; any chance of seeing some numbers with information contained in them ?
Accounts, trading data, BTC reserve addresses......that sort of thing.

BTW: just because I can't believe it, here's the BanxPlatinum page:
http://banxplatinum.com/

"Top secret, risk free strategies to give you a 16% monthly return"

From the first few seconds of the video.

[DecentralizeEconomics]

BTW: just because I can't believe it, here's the BanxPlatinum page:
http://banxplatinum.com/

"Top secret, risk free strategies to give you a 16% monthly return"

From the first few seconds of the video.

But only if you call NOW!

[crypto jerk]

Hi guys where is the claim of 245% again?

If I am right in my nasty suspicions about Banx, and so far no-ones even tried to prove me wrong, then all of the BTC you originally put into Banx is gone.
Supporting a 245% ROI over the long term is tricky: It's almost impossible for a real business, and completely impossible for a Ponzi.
The higher the ROI, the faster the Ponzi scheme burns up all the investment money flowing into it.

Think about this: you put $1000 into BanxPlatinum, and over a year you get paid out $2450 in dividends. How the hell is that possible ?
Really, I'd love to know.

[EvilDave]

The 245% claim came from runpaint initially, and I've just checked the interest rate offered on BanxPlatinum:

http://banxplatinum.com/

"Top secret, risk free strategies to give you a 16% monthly return"

From Mark Lyford himself in the first few seconds of the video.


A 16% monthly return works out to either 200% annual return (if not compounded) or 500% if compounded.
So the 245% claim seems legit......well, not really. 

Found the 245% original source, finally:


From: http://banxplatinum.com/ , about 2/3 of the way down........

[DecentralizeEconomics]

That's right folks, 170 FREE BANXS SHARES EVERY SINGLE MONTH!  IT'S LIKE WERE GIVING MONEY AWAY OVER HERE!

HOW CAN WE AFFORD TO DO THIS YOU ASK?  BECAUSE WE ARE THE MOST INNOVATIVE CRYPTO BUSINESS IN THE WORLD!!!!1111eLEVENTY!

ONLY THE NEXT 100 99 CALLERS WILL GET THIS OPPORTUNITY OF A LIFETIME, SO PICK UP YOUR MOUSE AND SUBMIT YOUR CREDIT CARD INFORMATION RIGHT NOW!!!!

FOR ONLY $297* DOLLARS (a month**) YOU CAN SECURE YOUR FUTURE IN THIS AMAZING ENTREPRENEURIAL BONANZA!  CAN YOU AFFORD TO MISS THIS OPPORTUNITY?!

RIGHT NOW THE WEBTUBES ARE TIED UP, BUT GET YOUR CREDIT CARD READY BECAUSE ONLY THE NEXT 94 93 CALLERS WILL BE ALLOWED IN.  THAT'S RIGHT ONLY THE NEXT 91 90 CALLERS WILL BE A PART OF THE BANX EMPIRE.  WHAT R U WAITING 4?  GET YOUR CREDIT CARD OUT NOW!

*Shipping and handling not included
**Automatic month deductions cannot be cancelled