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Author Topic: Are BanxShares as good as GAW Paycoin?  (Read 46776 times)
BARR_Official
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March 11, 2016, 10:12:41 PM
 #621


RunPaint the market is open and free trading is going on.



Well 1 person has offered to buy 1 BANX for the price of 1 BTS, but it's not exactly free trading is it?

The BanxShares asset on BitShares is "transfer restricted".

Apparently that means you can't transfer it to anyone else in any way except selling on the open market.  

So now people can't even offer BANX for sale on Bitcointalk like they've been doing.

And Mark Lyford/Banx currently holds 99.77% of all BanxShares.

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March 11, 2016, 10:15:40 PM
 #622


RunPaint the market is open and free trading is going on.



Well 1 person has offered to buy 1 BANX for the price of 1 BTS, but it's not exactly free trading is it?

The BanxShares asset on BitShares is "transfer restricted".

Apparently that means you can't transfer it to anyone else in any way except selling on the open market. 

So now people can't even offer BANX for sale on Bitcointalk like they've been doing.
In your own world as per usual.

https://banx.io/trade?c=BANX&p=BTC

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March 11, 2016, 10:26:42 PM
 #623


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March 11, 2016, 10:28:20 PM
 #624

https://banx.io/trade?c=BANX&p=BTC

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March 11, 2016, 10:32:20 PM
 #625




Yes, all the BANX at banx.io is controlled by Banx.

Users can't even transfer it out of banx.io to their Bitshares account without being on a whitelist.

If they do withdraw it, they'll never be able to transfer it again to anyone else unless they sell it on the Bitshares market.

And their funds can be frozen at any time.


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March 12, 2016, 12:19:15 AM
 #626




Yes, all the BANX at banx.io is controlled by Banx.

Users can't even transfer it out of banx.io to their Bitshares account without being on a whitelist.

If they do withdraw it, they'll never be able to transfer it again to anyone else unless they sell it on the Bitshares market.

And their funds can be frozen at any time.



1.Incorrect
2. Incorrect
3. incorrect

Open trading with no whitelisting is operational. and most holders have their Banx on banx.io therefore in the banxio BTS wallet.

Anyone from Bitshares will confirm the below setup and that you are incorrect.

Permissions for Banx >> http://banxcapital.s3.amazonaws.com/2016-03-12_0013.png
Flags for Banx >> http://banxcapital.s3.amazonaws.com/2016-03-12_0014b.png

So please make sure you run to your buddies and make sure they publish that we have moved to Bitshares. I am sure there must be nothing else you have an issue with.

Mark
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March 12, 2016, 12:23:43 AM
 #627


RunPaint the market is open and free trading is going on.


And Mark Lyford/Banx currently holds 99.77% of all BanxShares.

Incorrect again. over 300 people hold banx on banx.io and therefore within banxio BTS wallet. Anyone who holds a Banx balance in banx.io are able to withdraw their Banx to anywhere they want.
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March 12, 2016, 12:33:04 AM
 #628


So please make sure you run to your buddies and make sure they publish that we have moved to Bitshares.




Everyone can read it here.  This is the only topic for Banx discussion at bitcointalk since you locked the Banx ANN. 

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March 12, 2016, 07:35:47 AM
 #629


So please make sure you run to your buddies and make sure they publish that we have moved to Bitshares. I am sure there must be nothing else you have an issue with.

Mark

Pathetic. Its like you are awarding yourself some credit for making Banx tradable after holding your shareholders hostage for god knows how long.
BTW, how did trying to control an ICO for over a year work out for you/Banx? What were the benefits that you were trying to achieve, and would you recommend that a business claiming to be genuine and viable, do what you did? Wondering (again) why its to your advantage to post here?? Dont tell me, you have something to 'promote' and theres no such thing as bad publicity, eh?
 
Hey, feel free to publish that evidence you have continuously failed to supply, that Banx is actually a business worth promoting
 
9 months left for HMRC. Will Banx still be around? 
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March 12, 2016, 07:40:31 AM
 #630


also, didn't they use this chance to issue 10x more shares compared to the initial launch?



That is correct.

BanxShares were originally sold with the promise that there would never be more than 6 million shares.

Now there are 120 million.

But in percentage our share is still the same.

yeah genius, but that doesn't matter if there are millions of new shares owned by banx. they're devaluing your shares too

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March 12, 2016, 09:09:38 AM
 #631


also, didn't they use this chance to issue 10x more shares compared to the initial launch?



That is correct.

BanxShares were originally sold with the promise that there would never be more than 6 million shares.

Now there are 120 million.

But in percentage our share is still the same.

yeah genius, but that doesn't matter if there are millions of new shares owned by banx. they're devaluing your shares too
Could you explain that please, would be interesting to hear a different perspective on this.

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March 15, 2016, 01:07:36 AM
 #632




Yes, all the BANX at banx.io is controlled by Banx.

Users can't even transfer it out of banx.io to their Bitshares account without being on a whitelist.

If they do withdraw it, they'll never be able to transfer it again to anyone else unless they sell it on the Bitshares market.

And their funds can be frozen at any time.



1.Incorrect
2. Incorrect
3. incorrect

Open trading with no whitelisting is operational. and most holders have their Banx on banx.io therefore in the banxio BTS wallet.

Anyone from Bitshares will confirm the below setup and that you are incorrect.

Permissions for Banx >> http://banxcapital.s3.amazonaws.com/2016-03-12_0013.png
Flags for Banx >> http://banxcapital.s3.amazonaws.com/2016-03-12_0014b.png

So please make sure you run to your buddies and make sure they publish that we have moved to Bitshares. I am sure there must be nothing else you have an issue with.

Mark


Interesting. I will look more into this. Say Mark, how would I be able to transfer my BANX to the BTS platform? I have found this rather confusing to do within banx.io, but if you or someone could clarify me about this, I would greatly appreciate it. Just have some spare BANX lying around in banx.io and would like to play with them.  Roll Eyes


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March 17, 2016, 01:58:25 AM
 #633

Coinmarketcap's last price says that BANX was trading for 540,000 satoshis.

Now that BANX is traded on BitShares, the price has quickly settled to about 150 satoshis.

So it's selling for 3600 times less than the ICO price.

Is that the new all-time world record for the biggest price drop of any coin?

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March 17, 2016, 07:39:31 AM
 #634

Coinmarketcap's last price says that BANX was trading for 540,000 satoshis.

Now that BANX is traded on BitShares, the price has quickly settled to about 150 satoshis.

So it's selling for 3600 times less than the ICO price.

Is that the new all-time world record for the biggest price drop of any coin?
Not arguing about the price taking a nose dive, but the main trading is happening here
https://banx.io/trade?c=BANX&p=BTC
Last price was 2999 sats not 150.

But then, you tend to have a habit of trying to only find the worse case scenario to benefit your oh so open mind Smiley

It might be a good time to edit your OP to

"Re: Are BanxShares as good as GAW Paycoin?  Obviously not, case closed"
You've done a good job, maybe now close the thread and find the next internet villain.

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March 17, 2016, 08:23:21 AM
 #635

Coinmarketcap's last price says that BANX was trading for 540,000 satoshis.

Now that BANX is traded on BitShares, the price has quickly settled to about 150 satoshis.

So it's selling for 3600 times less than the ICO price.

Is that the new all-time world record for the biggest price drop of any coin?
Not arguing about the price taking a nose dive, but the main trading is happening here
https://banx.io/trade?c=BANX&p=BTC
Last price was 2999 sats not 150.

But then, you tend to have a habit of trying to only find the worse case scenario to benefit your oh so open mind Smiley

It might be a good time to edit your OP to

"Re: Are BanxShares as good as GAW Paycoin?  Obviously not, case closed"
You've done a good job, maybe now close the thread and find the next internet villain.
So Mark and ByronP can still decide and fix whatever price they wish, as they did for all of last year with around 90% of fake volume, and lies about who was creating said volume? Case is not closed bizzyb, while this scenario can still exist.
The next internet villain/s are whoever operates cryptomic.com.
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March 17, 2016, 08:45:49 AM
 #636

Coinmarketcap's last price says that BANX was trading for 540,000 satoshis.

Now that BANX is traded on BitShares, the price has quickly settled to about 150 satoshis.

So it's selling for 3600 times less than the ICO price.

Is that the new all-time world record for the biggest price drop of any coin?
Not arguing about the price taking a nose dive, but the main trading is happening here
https://banx.io/trade?c=BANX&p=BTC
Last price was 2999 sats not 150.

But then, you tend to have a habit of trying to only find the worse case scenario to benefit your oh so open mind Smiley

It might be a good time to edit your OP to

"Re: Are BanxShares as good as GAW Paycoin?  Obviously not, case closed"
You've done a good job, maybe now close the thread and find the next internet villain.
So Mark and ByronP can still decide and fix whatever price they wish, as they did for all of last year with around 90% of fake volume, and lies about who was creating said volume? Case is not closed bizzyb, while this scenario can still exist.
The next internet villain/s are whoever operates cryptomic.com.
How can they decide and fix whatever price they wish?

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March 17, 2016, 08:53:17 AM
 #637

Coinmarketcap's last price says that BANX was trading for 540,000 satoshis.

Now that BANX is traded on BitShares, the price has quickly settled to about 150 satoshis.

So it's selling for 3600 times less than the ICO price.

Is that the new all-time world record for the biggest price drop of any coin?
Not arguing about the price taking a nose dive, but the main trading is happening here
https://banx.io/trade?c=BANX&p=BTC
Last price was 2999 sats not 150.

But then, you tend to have a habit of trying to only find the worse case scenario to benefit your oh so open mind Smiley

It might be a good time to edit your OP to

"Re: Are BanxShares as good as GAW Paycoin?  Obviously not, case closed"
You've done a good job, maybe now close the thread and find the next internet villain.
So Mark and ByronP can still decide and fix whatever price they wish, as they did for all of last year with around 90% of fake volume, and lies about who was creating said volume? Case is not closed bizzyb, while this scenario can still exist.
The next internet villain/s are whoever operates cryptomic.com.
How can they decide and fix whatever price they wish?
I havent followed Bitshares and how third parties connect to the platform, so educate me....how does the dual pricing you describe work?
Does the 'intergration' now completely prevent Mark and ByronP from controlling any prices on Banx/Cryptomic?
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March 17, 2016, 09:04:06 AM
 #638

Coinmarketcap's last price says that BANX was trading for 540,000 satoshis.

Now that BANX is traded on BitShares, the price has quickly settled to about 150 satoshis.

So it's selling for 3600 times less than the ICO price.

Is that the new all-time world record for the biggest price drop of any coin?
Not arguing about the price taking a nose dive, but the main trading is happening here
https://banx.io/trade?c=BANX&p=BTC
Last price was 2999 sats not 150.

But then, you tend to have a habit of trying to only find the worse case scenario to benefit your oh so open mind Smiley

It might be a good time to edit your OP to

"Re: Are BanxShares as good as GAW Paycoin?  Obviously not, case closed"
You've done a good job, maybe now close the thread and find the next internet villain.
So Mark and ByronP can still decide and fix whatever price they wish, as they did for all of last year with around 90% of fake volume, and lies about who was creating said volume? Case is not closed bizzyb, while this scenario can still exist.
The next internet villain/s are whoever operates cryptomic.com.
How can they decide and fix whatever price they wish?
I havent followed Bitshares and how third parties connect to the platform, so educate me....how does the dual pricing you describe work?
Does the 'intergration' now completely prevent Mark and ByronP from controlling any prices on Banx/Cryptomic?
Well yeah, it's free trading.  I've already bought a boat load at 650 sats.
If they change that, they'll be getting a call from several already "unhappy" investors, though I am convinced they would not even consider it.

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March 17, 2016, 12:44:17 PM
 #639

Coinmarketcap's last price says that BANX was trading for 540,000 satoshis.

Now that BANX is traded on BitShares, the price has quickly settled to about 150 satoshis.

So it's selling for 3600 times less than the ICO price.

Is that the new all-time world record for the biggest price drop of any coin?
Not arguing about the price taking a nose dive, but the main trading is happening here
https://banx.io/trade?c=BANX&p=BTC
Last price was 2999 sats not 150.

But then, you tend to have a habit of trying to only find the worse case scenario to benefit your oh so open mind Smiley

It might be a good time to edit your OP to

"Re: Are BanxShares as good as GAW Paycoin?  Obviously not, case closed"
You've done a good job, maybe now close the thread and find the next internet villain.

Interesting facts from banx.io exchange. I have noticed that now my Banx says that they are a BTS asset. How do I manage to get them or transfer them to the Bitshares platform? (openledger) I am still a little confused getting around all this. Any clarification would be greatly appreciated.  Smiley


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March 17, 2016, 12:56:21 PM
 #640

Coinmarketcap's last price says that BANX was trading for 540,000 satoshis.

Now that BANX is traded on BitShares, the price has quickly settled to about 150 satoshis.

So it's selling for 3600 times less than the ICO price.

Is that the new all-time world record for the biggest price drop of any coin?
Not arguing about the price taking a nose dive, but the main trading is happening here
https://banx.io/trade?c=BANX&p=BTC
Last price was 2999 sats not 150.



That's right, the last trade at banx.io was for 1 BANX @ 0.00002999.  
And even there, the price has gone as low as 510 sats within the past week.
And there are only 6 orders above 50 satoshis, so 150 is probably too high.

Meanwhile on the real market, nobody's offering more than .1 BTS, which is about 150 satoshis.  
Somebody already sold 198,000 BANX for that price, and nobody else has bought any real volume compared to that.

http://cryptofresh.com/a/BANX






But then, you tend to have a habit of trying to only find the worse case scenario to benefit your oh so open mind



Right, maybe I'm painting a false picture.  Like you said, the real price is 2999.
Anyone saying the price is lower must be a liar, right?


I've already bought a boat load at 650 sats.



Well, that's embarrassing.  

Instead of taking your word that the price is 2999 and also 650, we'll look at the charts:











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