yes.  they are just as good if not better taking your coin and turning it into less coin.  good luck to all involved.  ill see you all at the bottom of the toilet.

With perfect timing, just got this mail from Banx.io:


I have no idea if the registration link is legit, btw, I'm not clicking on anything from Banx.
ROFLing hard and walking away........

There is no reason to sell shares in a lottery that is already running and profitable.  What is the point, if they're not raising capital?  Why would a lottery need to raise capital by selling shares?

IF THE SHARES WERE PROFITABLE, THEY WOULD KEEP THEM ALL FOR THEMSELVES.  They obviously think it's a good idea to sell the shares now instead of waiting for "the profits". 

Genuine question guys this is to all you here expressing your opinion of banx.
What are you investing in that is so brilliant atm?
I know dave is a nxt'er hes been in tht aslong as i can remember. Even if nxt has plummeted its still here
What about the rest of you? Wheres your money sat right now

Think i am wasting my time your right. They either do not wish to share their endevors which are 100% winners or they are simply not invested into anything and just like to voice their opinion on projects they have no interest in. You would think with the mindset of helping the bct community by "shouting" scam they would be able to point community memebers in the direction of a more suitable project.

In the cause of transparency, honesty and openness in crypto currency, etc.....I'm going to answer a few questions explain some of my motivation here.
It would be nice if Mark/Banx could answer a few of mine in return......deal?



Yep. NXT rules. And will rule.....but i'm not here to shill.
I came into crypto (like many others) as BTC started its MtGOX powered pump in Autumn 2013. I missed out on the NXT intial offer, btw.
I decided that BTC was not all that interesting, so started looking around for something better, and found NXT in Nov/Dec 2013....but before I got into NXT I checked out pretty much all of the crypto world using exactly the same due diligence procedure as I've used on Banx. I still check out new projects, and if something real comes along, I'm interested. So, If I thought Banx was genuinely good, it might be worth a go. But it's not.
I know that NXT isn't totally perfect (yet  ) but is an honest and genuinely useful project.
As for BTS....meh. I think it was a good project once, but has lost its way badly. I don't think badly of the BTS community, but I do have strong doubts about Dan 'n' Stan.
If I wanted to really hurt BTS, I'd just hold off and let them get deep into bed with Banx, then wait for the inevitable disaster.

I want to see honesty and transparency in crypto, just like it said on the box that Satoshi put it in. Every scam project is another bunch of investors that are burned on crypto, putting the adoption of all crypto currency back and giving the mainstream press yet another 'Bitcoin is a scam' story, not to mention all the misery caused by people losing their funds. And I really do not like scammers. At all.
I called Paycoin on being a scam the moment that the $20 buy wall was announced. They were promising something that was impossible in any real world scenario, and that was enough for me to conclude that Paycoin/GAW was dodgy as fuck. I'm good at this. I've also tortured a couple of prospective NXT projects with my due diligence routine.

Anyway...enough about me, let's talk about Banx for a while.
I've already had one run-in with them a few months ago:
https://bt.irlbtc.com/view/1091855.msg11653489#msg11653489

And I was proved right. Completely, totally right. It took me 5 minutes to spot the falsification/error/bug/whatever in the Banx trade volume as reported to CMC, about 20 minutes to verify it solidly and a week of denial and stonewalling to get Banx to even admit that there was a problem.
So forgive me if I don't have much faith here........

I'm now seeing even worse problems with Banx, and I'm getting exactly the same response from everyone involved. Complete denial and a refusal to even look at the problems.


So that was me being as open as something that's fairly open.......now here are my 4 questions for today (and yesterday, and...);


Where does the revenue come from to pay out dividends to BanxShares holders ?

Could we see some form of accounts/balance sheets for any of the Banx group of companies ?

Banx must hold a large amount of BTC from its investors. Could they verify this ?
Where is your investors money ?

Banx.io has been accused of bot trading. I've offered to have the trading data analysed to examine this accusation.
Why can Banx not provide this data ? Commitment to openness, remember ?


If anyone has any more questions for me.......answer one of the above, with genuine, verifiable information to back it up, please.

Seeing as words don't seem to be getting through, thought I'd provide a video to explain my suspicions about Banx:

http://www.investopedia.com/terms/p/ponzischeme.asp



Where does the revenue come from to pay out Banx dividends ?

Yeah, but none of those businesses are making any visible profits.
Banx.io looks like the best of the lot, and it can't be delivering much more than $100 per day gross.
Show me some numbers, prove me wrong.

And, while we're at it: how come BanxShares price is totally unaffected by anything else that happens in crypto ?
I mean, BTS just tanked 17%, and Banx just keeps on rolling up :
http://coinmarketcap.com/currencies/banxshares/#charts

It's like you guys have invented cold fusion: a crypto currency/asset that only pumps, and never, ever dumps.

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.  





But aren't these actually losing money?





Yes, if you could convince people to pay you 2000% market rate for a Litecoin, that would be profitable.  And BanxMint does offer physical Litecoins for $46 each, which probably cost less than $2 including the 1LTC, the physical coin, and the packaging.  But once again it's about volume.






BanxPlatinum costs $297 and gives 1250 BanxShares (advertised with the lie that Banx investors made 245% ROI in 1 year).  If that is being used to pay dividends, the dividends will stop as soon as people stop paying for BanxShares.  That's a Ponzi scheme, and it will fail 100% of the time.





There is very little profit in mining, and it's not profitable at all for most people unless they hold and the price goes up - in which case they should have just bought the bitcoins cheaper than mining them.





That doesn't have anything to do with the dividends that have already been paid.  





The prospectus says 15% of all IPO money will be continually applied to BanxATM.

Mark Lyford has confirmed that the money is supposed to be spent as outlined in the prospectus.

There is only 1 ATM in operation.