Are BanxShares as good as GAW Paycoin?

[DecentralizeEconomics]

I only wish that I had listened to Stan Larimer's positive character recommendation of Mark Lyford.  Let me tell you, the Larimers and the Lyfords... these are the right type of people right here.

[BARR_Official]

I lost more in MCXNow than I care to think about but if it wasn't for that I wouldn't have made Atomic Trade (now banx.io) so sometimes something good comes from something bad.

 



And Cryptsy

[bigmanintown]

I just thought I should post here as a former staff member at Banx... These are my own personal thoughts and opinions and in no way reflect what Mark is thinking...

I know Mark didn't set out to scam everyone but I can see how it may look like that from the outside. My take on it is that he tried to do too much all at once rather than focussing on one thing and getting it profitable before moving onto the next thing. It also didn't help that it was in ICO for such a long time. If the full funding had come in quickly then things would have been different but when I was working there it was a constant struggle to make ends meet each month and pay the bills so the small amounts of investment that were coming in were getting swallowed up rather than being put to good use getting things going. On top of that we were trying to make sure we were paying the profit payouts each month from the little amounts of money that were being made.

In my opinion what we should have done was review things after the first 3-6 months with regards to the ICO and stopped the funding round there and used the money already attained to get one or two of the projects up and running properly and making money. Then do a second round of funding for the next projects after that. We tried to do too much too soon with not enough startup capital! Hindsight is always 20/20 though!

Mark has had it EXTREMELY tough both personally and professionally over the past few months and I'm not trying to make excuses for him as essentially it is all on his back but as I said the main reasons for the failure are that he tried to do everything all at once rather than focussing on one thing at a time. BanxMint for example was ready back in January last year but the marketing wasn't fired up for it so it never became profitable mainly because the money that was coming in was getting swallowed up in the bills rather than getting projects finished!

Banx.io was more of a cost than an expense once it was changed over to the new platform. Although the first version was pretty crap at least it made some money which was all put into the profit payouts. The original developer of that exchange left us high and dry! He left the country having half finished the system and we had no way of finishing it and also didn't know what backdoors he had left in there so we had to make the change. The new system we bought from Byron was awesome though, it just cost a lot more to keep it operational each month. We had no choice really though at that point and it was the best decision we could make at that time. I don't know what the deal is with that now though, whether it is solely owned by Byron or if Mark still has something in there as well...

The crypto profit training took way to long to get finished and never got launched properly so no real money was made from that either. That was the main thing that was designed to make everything work. Get new people into crypto with training and then get them to use the Banx services after that. If that had been completed earlier and we had brought in the new people to the crypto world things probably would have been very different.

The same is true for most of the things that were tried. It was a half job before moving onto the next thing! I know for a fact that Mark didn't set out to scam anyone but it was just bad luck and bad management. When I joined him our mutual friends all said to me my main job would be to keep Mark focussed on one or two things as he has a tendency to do too much too soon! I tried my best at that but ultimately I failed and therefore I feel partly responsible for the failure of Banx...

To those of you that think Mark has done a runner with all your money and is now living the high life, I know that is not the case! He has not bought a new house, he is renting and very likely very short on money at the moment due to the amount he put into this venture. He is probably getting emails and messages constantly off people asking where their money is which is why he has setup the new email address to deal with it all centrally so he can take time away from it every now and then to keep himself from spiralling into depression and make sure he still has some drive left to build something that can make money and set everyone straight!

I still consider Mark a friend and knowing how driven he is to build a successful business I know he will keep trying until he gets it right. If/when that happens I know the sort of person he is and he will do his best to make things right with the investors in Banx.

Of course everything I have said here is my own opinion. Mark hasn't asked me to post this, I haven't spoken to him in a while. I have just written things the way I see them along with the reasons I feel why Banx ultimately ended up failing.

I am unlikely to respond to much on here though as I am no longer in the crypto space (apart from a bit of trading personally) so don't really hang out on here.

I wish you all the best of luck in whatever it is you are doing.

Simon (ex Business Manager Banx Capital)

[BARR_Official]

I just thought I should post here as a former staff member at Banx...

You were active here at bitcointalk in trying to get people to put their money into this scam.

When people raised legitimate questions about the scam you were running, you and other Banx employees agreed that such people deserved to be threatened with violence.

So you are a scammer.

These are my own personal thoughts and opinions and in no way reflect what Mark is thinking...

I know Mark didn't set out to scam everyone

Since you're claiming to be able to read his mind, you are in fact trying to reflect what Mark is thinking.

The obvious truth is that he did set out to scam everyone.  We don't need to read his mind to know that, because we can read the facts.

Since Mark repeatedly lied, falsified market data, and said one thing while doing another, we know that he was intentionally dishonest in the way he took people's money under false pretenses.  And he had plenty of help from you and others, and there were plenty of warnings in this very thread.  So you can't pretend that you didn't know, because we've discussed it with you here.

[zroyce]

"I know Mark didn't set out to scam everyone"

well,maybe not "everyone" but it's close, for my part I know that he stole $30k from me & tried to grab an additional $150k during 2015 & into 2016,in my opinion what he presented to me was pure fabrication from day one, the profits that were allegedly being generated and which he added to my balance statements (giving me a total declared value of $52k in Dec 2015) were bogus & had never been achieved by any legitimate means, (net value today $6.41...........maybe!)

The sheer length of time that Mark kept this scam running could very well be his undoing, there is no logical,sensible or believable explanation for what he was doing or why, we have a total mix of initial inducement to misrepresentation to bogus profit shares to a total lack of fiduciary duty,

It now appears that the folks who were assisting him are scrambling to make distance, I only dealt with Mark Lyford, I had no involvement with ByronP or Simon & I do not know who they are but it's telling that both have now made statements on this forum basically saying "nothing to do with me Guv"

[DecentralizeEconomics]

Mark has had it EXTREMELY tough both personally and professionally over the past few months

it was just bad luck

to keep himself from spiralling into depression

Boo Hoo

I still consider Mark a friend and knowing how driven he is to build a successful business I know he will keep trying until he gets it right. If/when that happens I know the sort of person he is and he will do his best to make things right with the investors in Banx.

That's right... maybe Mark can make your money back peddling smut or selling drugs!

[Nxtblg]

Banx.io was more of a cost than an expense once it was changed over to the new platform. Although the first version was pretty crap at least it made some money which was all put into the profit payouts. The original developer of that exchange left us high and dry!

Actually, the Banx.io "sheltered market" plan was not a good idea. In these justifiably cynical parts, "sheltered market" --> "artificial prices" --> "red flag."

And now that Banx has collapsed: "sheltered market" <--> "artificial prices" <--> "SCAM" Try convincing anyone here otherwise...

[zroyce]

"Mark has had it EXTREMELY tough both personally and professionally over the past few months"

anything that Mark has had to endure has been self inflicted, he says that he will not accept negativity yet it is going to get increasingly negative & he is going to have to face it, it is not the kind of negativity that you can reject by saying "guy's i'm logging off for two weeks to focus" focus on what? FFS,
Byronp stated in his " i'm outa here" letter that Marks fiance left him, in actual fact the reverse is true, Mark terminated his relationship with Kate & then was shocked when she moved on,

"it was just bad luck"
no, this is not the case, this defense will never work, this was a concentrated effort to extract funds from whoever,however,whenever,

"to keep himself from spiralling (SIC) into depression", again, totally self inflicted, Mark is guilty of having used this tactic to gain sympathy in the past,

"I still consider Mark a friend and knowing how driven he is to build a successful business I know he will keep trying until he gets it right. If/when that happens I know the sort of person he is and he will do his best to make things right with the investors in Banx".

Mark will not build a successful business, he is locked into the get rich quick at all cost mentality, he will burn more people if he is allowed to escape, and when you say that he will do his best to make things right, what does this mean"?, it is a hopeless open ended promise in an attempt to deflect legal action & keep his investors in a Lyford controlled environment, let's be honest, Marks best has so far been completely inept & inadequate at best & just utterly crap & crooked at worst

[ecotone]

The Lyford CV is looking good so far.

Lost hundreds of thousands of pounds of his parents' money dabbling in pornography
Made bankrupt
Grew cannabis but wasn't a drug dealer (only because he got caught before he could sell any)
Sentenced to 4 years in prison, served 2 and therefore banned from entering numerous countries for the rest of his life
Dabbled in get rich quick schemes on the internet
Ripped off by other get rich quick husslers on the internet
Created a digital currency, failed, lost over half a million dollars (US) of investors' money
Made bankrupt for a second time?

[DecentralizeEconomics]

The Lyford CV is looking good so far.

Lost hundreds of thousands of pounds of his parents' money dabbling in pornography
Made bankrupt
Grew cannabis but wasn't a drug dealer (only because he got caught before he could sell any)
Sentenced to 4 years in prison, served 2 and therefore banned from entering numerous countries for the rest of his life
Dabbled in get rich quick schemes on the internet
Ripped off by other get rich quick husslers on the internet
Created a digital currency, failed, lost over half a million dollars (US) of investors' money
Made bankrupt for a second time?

You forgot to mention that he was a pigeon jockey and his revelation in prison that all drug dealers are really geniuses.

[ecotone]

Not sure what you mean by that. Of course Lyford's best mate in prison never makes daft mistakes. He was only in prison because he had weak links in his organisation.

http://www.edp24.co.uk/news/crime/man_with_rambo_knife_threatened_to_kill_norwich_tenants_one_by_one_1_3588329

[crypto jerk]

Did any American's invest with Lyford? Does the SEC know about Mark? Does Mark have any law dogs after him?

Why He No N Jail?

[zroyce]

Did any American's invest with Lyford? Does the SEC know about Mark? Does Mark have any law dogs after him?

Why He No N Jail?

http://s15.postimg.org/72tzbjaij/lma.jpg

I'm a UK guy,legal permanent resident of the USA, I transacted with Lyford in the UK in person so local jurisdiction may apply, I filed a case with the SEC & it was accepted here in the USA, they have already called me for background, he sucked me in via email & telephone UK-USA so I appear to have a valid complaint,

From what I have learned today we are talking a scam with many international locations, 4 corners of the globe, he could be the next Bond villain!

[zroyce]

As of now I have managed to connect with 7 of Lyfords investors, we are uniting to lodge formal complaints with various authorities, is there any other investor out there that may want to join in?, you can message me via this forum,
I have to say that after talking to my fellow investors that this situation is nothing at all to do with bad luck, it has nothing to do with the world not being ready for Lyford's business, it has everything to do with it being a concerted effort by a morally bankrupt Lyford to scam as much money as possible from wherever he could get his thieving hands on it, he has lied & misled everyone, he is even now still trying to buy time to avert any negative action,
If you are an investor or anyone here knows of anyone that has opted to believe in Lyford at this late stage & to give him time to make things right, get in touch, share your experience, you will find that he is not legitimate, he has no plans to make anyone whole, I'm wondering where the off-shore money is stashed & just when he will hightail it out of Dodge,
Lyford is a con, it is that simple,

[zroyce]

has anyone had the misfortune to see this?

https://entrepreneurinternational.clickfunnels.com/optin8894733

this is just total bollocks, Lyford's way of buying time + anyone converting their Banx holdings to this latest contrived bag of nonsense will be giving up their Banx shares, Lyfords name is dirt in the crypto industry, this plan will fail & in 6 months it'll be another selfie stick walk in the woods to announce the closure, this guy needs closing down,

[MarkLyford]

As of now I have managed to connect with 7 of Lyfords investors, we are uniting to lodge formal complaints with various authorities, is there any other investor out there that may want to join in?, you can message me via this forum,
I have to say that after talking to my fellow investors that this situation is nothing at all to do with bad luck, it has nothing to do with the world not being ready for Lyford's business, it has everything to do with it being a concerted effort by a morally bankrupt Lyford to scam as much money as possible from wherever he could get his thieving hands on it, he has lied & misled everyone, he is even now still trying to buy time to avert any negative action,
If you are an investor or anyone here knows of anyone that has opted to believe in Lyford at this late stage & to give him time to make things right, get in touch, share your experience, you will find that he is not legitimate, he has no plans to make anyone whole, I'm wondering where the off-shore money is stashed & just when he will hightail it out of Dodge,
Lyford is a con, it is that simple,

Be careful of what you call me on forums Phill. You are pushing your luck with your lies and allegations. Remember you are the same guy that went through a very big bankruptcy over the last few years yourself and far from acted in a correct manner perhaps?

You now have me as an enemy for life. Good luck.

P.S. I'm going no where. I have done nothing wrong.....

[MarkLyford]

has anyone had the misfortune to see this?

https://entrepreneurinternational.clickfunnels.com/optin8894733

this is just total bollocks, Lyford's way of buying time + anyone converting their Banx holdings to this latest contrived bag of nonsense will be giving up their Banx shares, Lyfords name is dirt in the crypto industry, this plan will fail & in 6 months it'll be another selfie stick walk in the woods to announce the closure, this guy needs closing down,

very very glad to hear you wont be converting your Banx Phil, you are right at the bottom of the of people I want involved with anything I do moving forward..

I have no interested in the crypto industry any further. This forum is an example of why no one should get involved in it. As you know I was going to make this a private offer to people I care about but decided everyone should be offered this. Like I say really glad to know you wont be taking me up on the offer.

You think I'm a scum bag? everyone has their right to think what they want. But lets not start trowing stones in glass houses ehh Phil?

[zroyce]

has anyone had the misfortune to see this?

https://entrepreneurinternational.clickfunnels.com/optin8894733

this is just total bollocks, Lyford's way of buying time + anyone converting their Banx holdings to this latest contrived bag of nonsense will be giving up their Banx shares, Lyfords name is dirt in the crypto industry, this plan will fail & in 6 months it'll be another selfie stick walk in the woods to announce the closure, this guy needs closing down,

very very glad to hear you wont be converting your Banx Phil, you are right at the bottom of the of people I want involved with anything I do moving forward..

I have no interested in the crypto industry any further. This forum is an example of why no one should get involved in it. As you know I was going to make this a private offer to people I care about but decided everyone should be offered this. Like I say really glad to know you wont be taking me up on the offer.

You think I'm a scum bag? everyone has their right to think what they want. But lets not start trowing stones in glass houses ehh Phil?

you don't get to pick & choose who you take care of, anyone with shares in Banx are on the same footing, the only thing you have closed down is a website, you're using funds from banx to fund the latest pack of lies, you know Mark, it needn't be like this, how about some accountability?,some transparency?, I think that most guys could handle a loss of it was a legitimate loss, right now it looks like out & out theft

so no, I will not be converting, I am not living in a glass house either so I will be going for complete scrutiny with all that that entails

[zroyce]

As of now I have managed to connect with 7 of Lyfords investors, we are uniting to lodge formal complaints with various authorities, is there any other investor out there that may want to join in?, you can message me via this forum,
I have to say that after talking to my fellow investors that this situation is nothing at all to do with bad luck, it has nothing to do with the world not being ready for Lyford's business, it has everything to do with it being a concerted effort by a morally bankrupt Lyford to scam as much money as possible from wherever he could get his thieving hands on it, he has lied & misled everyone, he is even now still trying to buy time to avert any negative action,
If you are an investor or anyone here knows of anyone that has opted to believe in Lyford at this late stage & to give him time to make things right, get in touch, share your experience, you will find that he is not legitimate, he has no plans to make anyone whole, I'm wondering where the off-shore money is stashed & just when he will hightail it out of Dodge,
Lyford is a con, it is that simple,

Be careful of what you call me on forums Phill. You are pushing your luck with your lies and allegations. Remember you are the same guy that went through a very big bankruptcy over the last few years yourself and far from acted in a correct manner perhaps?

You now have me as an enemy for life. Good luck.

P.S. I'm going no where. I have done nothing wrong.....

incorrect Mark, one company filed for chapter 11 reorg, just like USAirways, just like General Motors & you know what?, you get to open your books to the courts, complete & utter scrutiny, forensic analysis of your bank accounts, well, I did that & here I am, what I would like is for you to do the same, no more no less, this is what I am pushing for

[MarkLyford]

Good bye everyone. I will be looking to delete my account on here and participate no further here. If anyone requires anything Banx related they can contact banxemail@gmail.com

I tried to reason and I'm fighting a losing battle.

I owe it to my supporters to focus on the future and not spend time on here.

I wish i could say my time on this forum has been a pleasure but I can't

Mark Lyford