JollyGood
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October 10, 2018, 10:32:22 PM |
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I think it is necessary to calm down the situation here. there is no need for harsh words and insults Thank you, I agree. TeMHuK has edited his post to remove the profanities but innuendo remains. I have not stooped to that low level and I hope everybody will remain courteous. People are entitled to their opinions but should remain civil. |
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bcfkm
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October 11, 2018, 01:07:37 AM |
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OK, enough now with the personal attacks and colourful language. It's clear which people are on which side of the fence. You will never convince each other to switch sides, so let's just sit back and see how it plays out.
I've posted before (many pages back thanks to all the trading of insults) that there is nothing wrong with creating separate entities to manage the relationships between backing banks, card issuers and sales brands. That's exactly what has been done here and is no different or convoluted than the hundreds of other cards managed by non-financial institutions (super markets, airlines, Internet accounts, etc).
But a big mistake was made... The announcement by the Minex team over simplifying the relationship between them and the ultimate financial institution backing the transactions. I think this was down unintentionally, and it seems to be due to inexperience with how quickly statements can be seized upon and misinterpreted. I don't blame the misinterpretation though... The statement did read very plainly as a direct relationship.
My biggest fear when this erupted a few days go was the damage this may do to the relationship. Of course no company will allow an unknown to use their brand without authority and it it seems that this is what the Minex team have inadvertently done. The many people contacting the bank to verify the relationship has complicated the venture now. I'm sure that in the last few days all efforts have been and are being made by the Minex team to calm the parties involved in their contracts, apologise for the misleading publication and assure them the oversight won't be repeated.
I just hope they are able to do so quickly and regain trust with their contacts so the damage is limited.
Back to my first point... Can we not just now draw the line, know our sides of the fence and wait a few weeks to see? There's far too many pages of insults in between the few posts of relevant and interesting arguments
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5thangel
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October 11, 2018, 05:57:29 AM |
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Why would you say that? Such hard word said with no reason for it. I really hate the word **scam** at these days... |
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Kisleav
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October 11, 2018, 06:06:16 AM |
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that bank has finally spoken out about the cards but even so, minexpay may still continue to materialize, their maybe other financial institutes which minex may work with, should should be thinking of another one.
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Elizebeth_Torres9888
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October 11, 2018, 06:07:53 AM |
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Interesting ANN, I am impressed with your concepts and implementations. I read your whitepaper it's very helpful to the users who are find the specific project. So keep it up guys and good luck for your future.  |
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bcfkm
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October 11, 2018, 06:19:19 AM |
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that bank has finally spoken out about the cards but even so, minexpay may still continue to materialize, their maybe other financial institutes which minex may work with, should should be thinking of another one.
Yes indeed. There was never a direct relationship and poor communication resulted in a lot of confusion. The people being accused of "fudding" merely tried to verify the facts given... And while there may have been some revelling in disproving the direct relationship implied we must give them credit for continuing to doubt facts presented at face value and seek their own proof. At least they quickly highlighted the over confidince of the Minex team's simplified communications). Until we hear otherwide though, an indirect relationship still exists through brokers. Documents have been posted providing some evidence of this (the concealed parts obfuscate some particulars... But it's enough evidence to convince me that a business relationship between all parties does exist). Hopefully the Minex team are able to calm the situation and keep all parties to the business intact. |
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ERossin
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October 11, 2018, 06:23:49 AM |
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that bank has finally spoken out about the cards but even so, minexpay may still continue to materialize, their maybe other financial institutes which minex may work with, should should be thinking of another one.
Yes, Just wait for cards released out at the end of this October or early November so that No FUDers are coming around here . Minexcoin will become true and many MNX investors will get the big rewards after delivering this card. |
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bcfkm
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October 11, 2018, 06:49:28 AM |
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that bank has finally spoken out about the cards but even so, minexpay may still continue to materialize, their maybe other financial institutes which minex may work with, should should be thinking of another one.
Yes, Just wait for cards released out at the end of this October or early November so that No FUDers are coming around here . Minexcoin will become true and many MNX investors will get the big rewards after delivering this card. Well... Stop deriding that group by calling them 'fudders', which is in itself an insult on their intentions, and they will stop returning the insult by calling you shills, and then everyone can stop the foul language. Their challenge of the facts quickly demonstrated the claim was (as it was presented) false. Perhaps a bit of mocking in the process... But, well, we could take it in fun or we could respond in anger and see how it escalated. |
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bcfkm
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October 11, 2018, 06:53:19 AM |
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Well... My opinion is that it wasn't an intentional lie... But a very poorly worded notification. Thats my interpretation though. If you disagree... Of course post your thoughts. The more discussion the better. |
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bcfkm
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October 11, 2018, 07:17:31 AM |
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I get it... Yeah... A huge disaster for both public relations and potentially the business relationship.
The updated information clarified the relationship... And if that had been posted from the beginning nobody would have contacted the bank (as it was clear they were far down the chain). As such, the bank would have had no need to defend their brand and this whole mess could have been averted.
From the supporting evidence provided in the later update... It appears there is a business process and multiple contract relationship in place though. Just the sharing of that information was done badly. Very badly.
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TeMHuK
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October 11, 2018, 07:18:45 AM |
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They have affiliate contract with that bank and that will be approved today. If you don't know what mean affiliate contract please google that. |
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enomcoin
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October 11, 2018, 07:21:53 AM |
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As per your post your reserve is less than 10 million. Why the volume is under 10 million. I mean, having less volume of tokens or coins are beneficial?
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BitPotus
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October 11, 2018, 07:57:19 AM |
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They have affiliate contract with that bank and that will be approved today. If you don't know what mean affiliate contract please google that.
making stupid fucking statements like these are why you open yourself to fucking criticism and being labelled a fucking shill. How can you know it will be approved today? Are you, TeMHuK, making the decision on behalf of the bank? Cause they are the ones who have to approve whether they will issue cards to your "affiliate card program manager" YOU DON'T KNOW.
SO SHUT THE FUCK UP !!!
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bcfkm
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October 11, 2018, 08:10:45 AM |
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Got to agree with BitPotus here, there is no particular reason to guarantee that the contract will be approved today. When it is approved then lets quote it as a supporting fact in favour of MNX.
(please tone it down a little bit BitPotus, we can still try to keep it civil, although I do see that TeMHuk's choice of words was slightly inflammatory).
In fact, TeMHuk's post demonstrates again how things can be easily misread...
TeMHuk states that an affiliate contract will be signed, but it does not state exactly by whom. So this could easily be interpreted as between MNX and the bank. Is that what you meant to say TeMHuK?
(genuine simple question with no agenda)
Asking because I still interpret that the relationship was always going to be through a broker. Or do you mean that the affiliate contract gives the right for MNX to advertise under the bank's brand?
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BitPotus
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October 11, 2018, 08:15:20 AM |
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Got to agree with BitPotus here, there is no particular reason to guarantee that the contract will be approved today. When it is approved then lets quote it as a supporting fact in favour of MNX.
(please tone it down a little bit BitPotus, we can still try to keep it civil, although I do see that TeMHuk's choice of words was inflammatory).
In fact, TeMHuk's post demonstrates again how things can be easily misread...
TeMHuk states that an affiliate contract will be signed, but it does not state exactly by whom. So this could easily be interpreted as between MNX and the bank. Is that what you meant to say TeMHuK?
(genuine simple question with no agenda)
fair enuff mate. If you're civil, i'll return the favor. But TeMHuk's actions are blatantly dishonest and deceptive and as such, scammers get no quarter. |
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bcfkm
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October 11, 2018, 08:27:57 AM |
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The minex team need some assistance with communications and public relations I think. We are approaching a point where (if they manage to deliver) the project's audience will expand rapidly.
My first criticism is committing to rather tight deadlines. This can be forgiven though... things always take longer than you think no matter how generous you are with buffer time. Especially with brand new areas of business which haven't been successfully achieved by other players yet. It would have been better to give a roadmap with all the intentions on, but only the next 2 to 3 deliveries with deadlines.
Secondly, the press-release which caused all the fuss was poorly worded and not explained properly. There was much pressure demanding an update though... so, giving them the benefit of doubt... this is perhaps inexperience.
I'm currently checking the history of BitConnect and other quoted bad apples. I want to find out if those players were able to release as much supporting documentation as the MNX team. has anyone got any feedback on this?
If no one else has such evidence... its at least something in favour of MNX
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