[ANN] Banx - Liquidity Paid Back In From Profits

[MarkLyford]

32,000 websites???

yes 32,000 adult sites. I guess I was the biggest owner of sites in the world around the year 2000.

[earlz]

Why is the difficulty for this coin so ridiculously low right now?

[MarkLyford]

Why is the difficulty for this coin so ridiculously low right now?

Hi there, please see this video I posted on here yesterday: http://banxcapital.com/information-about-banx-shares-mining/

Many thanks

Mark

[earlz]

Why is the difficulty for this coin so ridiculously low right now?

Hi there, please see this video I posted on here yesterday: http://banxcapital.com/information-about-banx-shares-mining/

Many thanks

Mark

You really should write more.. I don't really have time to watch a 5 minute video...

Anyway, from the sound of it I don't really understand what this coin is about. Regardless, I've reviewed this coin and you've got a lot of serious issues. I would not recommend anyone buy or mine this. You seem to be wanting to do something that bitcoin is not really suited to, at least not in the way you're doing it.


bankx https://bitcointalk.org/index.php?topic=813191.0

Heritage: bitcoin 0.8.6, ISO(?)

Problems:

* NOTE: I don't have time to sift through hours of video, nor a 50 page business plan, so all spec analysis is off
* MODERATE: checkpoints are disabled, despite them assuming that they actually work
* EXTREME: difficulty is dangerously low. A double spend would be trivial
* EXTREME: difficulty adjustment is different depending on if your coin is compiled for window or not
* MODERATE: genesis seed is not a news event
* MAJOR: huge premine... Unknown if this is disclosed because the specs are obscured in some 50 page business plan
* EXTREME: mining has been "stopped".. This opens it up to the same class of attacks that Midascoin v1.0 endured
** Solo miners can still mine blocks and could do double spends or attacks on the chain like refuse to allow any transactions to take place

Notes:


what the fuck...

@@ -2168,8 +2286,40 @@ bool CBlock::AcceptBlock(CValidationState &state, CDiskBlockPos *dbp)
         nHeight = pindexPrev->nHeight+1;
 
         // Check proof of work
+       // if (nBits != GetNextWorkRequired(pindexPrev, this))
+       //     return state.DoS(100, error("AcceptBlock() : incorrect proof of work"));
+       
+        #ifdef _WIN32
+            // Check proof of work       
+            if(nHeight >= 8850){
+                unsigned int nBitsNext = GetNextWorkRequired(pindexPrev, this);
+                double n1 = ConvertBitsToDouble(nBits);
+                double n2 = ConvertBitsToDouble(nBitsNext);
+
+                if (nHeight <= 45000) {
+                    if (abs(n1-n2) > n1*0.2)
+                        return state.DoS(100, error("AcceptBlock() : incorrect proof of work (DGW pre-fork)"));
+                } else {
+                    if (abs(n1-n2) > n1*0.005)
+                        return state.DoS(100, error("AcceptBlock() : incorrect proof of work (DGW2)"));
+                }
+            } else {
+                if (nBits != GetNextWorkRequired(pindexPrev, this))
+                    return state.DoS(100, error("AcceptBlock() : incorrect proof of work"));
+            }
+        #else
+            // Check proof of work
+            if(nHeight >= 34140 && nHeight <= 45000){
+                unsigned int nBitsNext = GetNextWorkRequired(pindexPrev, this);
+                double n1 = ConvertBitsToDouble(nBits);
+                double n2 = ConvertBitsToDouble(nBitsNext);
+                if (abs(n1-n2) > n1*0.2)
+                    return state.DoS(100, error("AcceptBlock() : incorrect proof of work (DGW pre-fork)"));
+            } else {
                 if (nBits != GetNextWorkRequired(pindexPrev, this))
                     return state.DoS(100, error("AcceptBlock() : incorrect proof of work"));
+            }
+        #endif


Watermarks: uint64, pow, bitcoin

[WarrEagle]

32,000 websites???

LOL in 2000.. when PHP was a blip and dynamic HTML was not even a concept. Think HTML 2.0 no css yet. Very basic sites that were most likely clones of each other optimized for what was the search engine that was popular then....Dogpile I think it was.

[WarrEagle]

Most of the country was still on dial up internet in 2000.

[jimlite]

Is this even a coin? Can we mine it? What algo?
Dev update OP with the basics first, WTH?

[Skatebird]

What dividend can we expect montly??

[MarkLyford]

earlz, you say you have reviewed this but quite clearly you havent even bothered to read any of the above posts i have made. nor can you be bothered to watch a 5 minute video with me explaining everything about mining..

as the thread quite clearly states this is an IPO. 

do me a favour and read the first couple of pages with me explaining EVERYTHING about what we are trying to do with this company.

Still dont like what we are doing after that then, move on , its not for you , fair enough. but dont come in here slagging off something you openly state you havent bothered to research properly.

[Moolah.lol]

looks pretty damn interesting! 

[MarkLyford]

32,000 websites???

LOL in 2000.. when PHP was a blip and dynamic HTML was not even a concept. Think HTML 2.0 no css yet. Very basic sites that were most likely clones of each other optimized for what was the search engine that was popular then....Dogpile I think it was.

very true, sites that did very well. sites that brought in over $2,000,000 a year in recurring income.

Read my book if you wanna know all about it and me: http://rebelentrepreneurbook.s3.amazonaws.com/Mark_Lyford_Rebel_Entrepreneur.pdf

nothing, absolutely nothing about me or my life is hidden, google my name you read all about me, read the book you will find out more.

[MarkLyford]

Is this even a coin? Can we mine it? What algo?
Dev update OP with the basics first, WTH?

Hi there, no as previously stated the shares can't be mined, explained here: http://banxcapital.com/information-about-banx-shares-mining/

[MarkLyford]

What dividend can we expect montly??

hey there,

based on us selling all our shares and becoming fully funded we are projected to pay a dividend in bitcoin of approx 70% of the share investment in 12 months. everything, all cash flow projections for each of the products and solutions we are offering is outlined here mate:

http://banxcapital.s3.amazonaws.com/Banx_Capital_Prospectus.pdf

if you need any more info just ask

[earlz]

earlz, you say you have reviewed this but quite clearly you havent even bothered to read any of the above posts i have made. nor can you be bothered to watch a 5 minute video with me explaining everything about mining..

as the thread quite clearly states this is an IPO. 

do me a favour and read the first couple of pages with me explaining EVERYTHING about what we are trying to do with this company.

Still dont like what we are doing after that then, move on , its not for you , fair enough. but dont come in here slagging off something you openly state you havent bothered to research properly.

Code and the network doesn't lie. You can scratch off the bit about the premine from my review if this is an ICO... but this si not obvious at all. No one has time to read your 50 page business plan to understand what you are doing.. I listened to the video and it sounds like you want to completely control mining, hence my extreme warning. Look up what happened with Midascoin v1.0 to see what can happen

[MarkLyford]

looks pretty damn interesting! 

thanks very much for the positive comments, we are here and serious about building a company and brand that is here for the long term.

If you need anything just hit me up on mark at banxcapital.com and I will help you all I can

[MarkLyford]

earlz, you say you have reviewed this but quite clearly you havent even bothered to read any of the above posts i have made. nor can you be bothered to watch a 5 minute video with me explaining everything about mining..

as the thread quite clearly states this is an IPO. 

do me a favour and read the first couple of pages with me explaining EVERYTHING about what we are trying to do with this company.

Still dont like what we are doing after that then, move on , its not for you , fair enough. but dont come in here slagging off something you openly state you havent bothered to research properly.

Code and the network doesn't lie. You can scratch off the bit about the premine from my review if this is an ICO... but this si not obvious at all. No one has time to read your 50 page business plan to understand what you are doing.. I listened to the video and it sounds like you want to completely control mining, hence my extreme warning. Look up what happened with Midascoin v1.0 to see what can happen

the video explains why we stopped mining, i was naive thinking people wouldn't just dump shares and not be interested in what we are trying to achieve long term. again, all explained in the video.

so your telling me you didn't even bother to look at the title of this thread:

Re: [ANN] Banx Shares - IPO/ICO - Bitcoin dividends paid monthly

how can we be more obvious?

[MarkLyford]

Most of the country was still on dial up internet in 2000.

yes it was I made all my money from pictures

[Cactipsi]

I dont think they want to competely control mining, we have seen where that leads, what they do want to do is show everyone there is more than one caveat in this world to make your way through and come out looking good, i have to agree with Mark here when he says it seems as if this is a pure slag off, you said yourself you dont have the time to research it, so you cant really get a grasp of it, which is fine we are all busy, but to then resort simply to some technicality that i am sure you yourself do not understand fully, it makes it obvious that you are just trying to discredit the hard work of the Banx team, and its not fair, would you pleas be able to rephrase your current comments to be constructive or actually ask a question, as since you have admitted to not having time to understand whats happening here your opinion cannot be informed and will mislead other more nieve miners into thinking you know anything about what you are talking about, lets keep the forum friendly, constructive and informative, if you have a question ask it, if you wanna have a whinge cause things are to complicated start your own thread please and go nuts, this ones for the people who like or are interested in the shares

[Yuzu]

I wish you the best of luck with this, but something feels a little hinky about it to me.  No offense, I hope you do well.

[Cactipsi]

You dont feel like expanding do you, i am heavily invested in these shares so if anyone has something legitimate to say and can back it up for me i would be very interested, nobody likes losing out, but negative short and sweet comments arent going to help anyone get an idea of whats happening.