Banx Capital announced today that it would be joining the BitShares Exchange Network when version 2.0 is released later this summer.


Since the end of 2013, Banx has been launching a portfolio of cryptocurrency businesses including a crypto currency exchange, mining company, trading company, physical coin company and a half dozen other enterprises intended to span the industry.

This is an exciting example of two new trends that will change the landscape of the Crypto industry this year:

MEGATREND 1.  Coins Upgrading to Shared Industrial Grade Networks.

BanxShares is the first Top Ten crypto currency on coinmarketcap to recognize it is not stuck with ancient 2014 technology.  Just because it was launched as an isolated stove-pipe blockchain doesn't mean that it is forever locked into the old model where it must cover its own blockchain's maintenance and operating costs and attract its own network effect, exchange listings, and community.  By snapshotting itself as a User Issued Asset (UIA) on the BitShares Exchange network, all those headaches go away.   It will still be an independent top ten coin on the world stage, but beneath the surface it will now be powered by BitShares 2.0. 

Yep.  Why license BitShare's awesome new technology when you can move onto the BitShares network itself for a small one time fee? BanxShares will instantly gain 1 second transaction times and all the other benefits of industrial grade performance - on the same day as BitShares upgrades itself. 

MEGATREND 2.  Exchanges Upgrading to Shared Industrial Grade Networks.

BANX.io is an innovative exchange that specializes in trading the shares of other startup businesses, including its own shares.  By moving onto the BitShares Exchange Network BANX.io instantly gains access to other members' products and services such as the fiat on/off ramps and globally welcomed Nanocard provided by CCEDK and Bit-X.   Its customers can trade with the combined customers and assets brought to the network by all other member exchanges.   And, thanks to the BitShares referral program, BANX.io still collects its share of the network-wide transaction fees paid by every customer it brings to the table.

“Some of the biggest digital currency exchanges have been hacked and the rest are looking over their shoulders” says Banx Capital CEO and Founder Mark Lyford, “BitShares are offering their Smartchain as a safe, level playing field for use by the whole industry.  It can serve as backbone network to all the exchanges as a way for them to trade with and against each other.  With shared order books we will have deeper markets, tighter spreads, and greater liquidity.  And since our customers keep their own keys while trading on this network, combined with hierarchical multi-sig capabilities we can’t get hacked - and our customers can’t get hacked.”

Welcome aboard Banx!

Back to Mark's book:

http://rebelentrepreneurbook.s3.amazonaws.com/Mark_Lyford_Rebel_Entrepreneur.pdf

When he was 17, he got a job at a record store.  He only worked there for 3 months, and he hated working.  So he's never had a real job again, according to him. 

Then he worked with a Nigerian scammer who worked over fax machines - before emailing the scams was cool.  But Mark didn't know it was a scam, of course.

He says he ran a "racing pigeon business" when he was 18, and traveled to San Diego, then Las Vegas, and a casino owner gave him a bunch of free drinks.   Mark says he was pretending to be 25, so maybe they didn't check his ID.

Then, still age 18, he flew to the Bahamas for more pigeon-racing business.

Then, millionaire Sir Freddie Laker flew him to Ft. Lauderdale on his own airplane and drove him to a hotel in a Bentley! 

Then he made 32,000 porn websites and borrowed £150,000 using his parents' house as collateral, and he couldn't pay it back because some bigger porn website gangsters tricked him out of his website network. 

Then he grew a warehouse full of marijuana, and he got arrested.

Then his doctor gave him some medicine for his emotional troubles, and he started having sex with his secretary but he would think about his ex-wife while he was doing it.

Also he drank brandy "like water" and he still loves to smoke weed even today.

Then he went to prison for 2 years - the judge didn't even care about the good reasons Mark had for breaking the law.  It was unfair.

In prison, he learned that drug dealers are very smart people, but it's always someone else who lets them down and that's why they get arrested.

On Page 177, Mark says that he's always been a gambler, and that he lost $10,000 in 8 minutes in Las Vegas.

In the chapter "Money While You Sleep", Mark says that the only kind of business he is interested in is online business that he can run from a laptop, and that involves recurring payments.  I guess that's the cloud mining.

Then he lists some times that people scammed him;  he keeps a list of everyone who has ever ripped him off, and he promises that karma is a bitch.  He says he's been ripped off by a lot of people.

Mark says that different people have different perceptions of what is right and wrong, so it makes no sense to always follow the rules in business.

He says that he sold an e-book that only took him 3 hours to write.

He says that he took notes at someone else's workshop, and then made a video of the notes and made $1000 selling his "walkthrough" which took him a total of 8 hours.

They'll still be able to hold the majority of shares in their own wallet, on their own exchange, and continue to say they're selling them off-chain and transferring them internally.  

AltcoinHerald had a NXT asset - they paid dividends for a while, then dumped all of their own shares and disappeared with the money.  When a share has value only because of expected future dividends, it becomes completely worthless as soon as the dividends stop.

If BanxShares become available on real exchange markets, and there is a large volume of buy orders - at any price - it will be very easy for Banx to sell their millions of remaining shares for whatever they can get, and then never pay a dividend again.  What do they have to lose?  1 ATM machine and some mining equipment that may not exist?

From the Banx prospectus, Page 1:

"There is no guarantee that dividends will be paid."

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

their mining gear is real, but very small. I asked for proof on bitsharestalk and made them post pictures. I doubt they make a lot with it.

My only response to all of that has to be.....holy fuck!
runpaint has been a busy guy.

If you put half this effort into creating something yourself you might actually get somewhere in life! Or you could just sit behind your pseudonym and be a keyboard warrior...

He admits to what he's done in his book. Doesn't sound like someone trying to hide something. I'm not saying he is a great guy, but anyone could read the book and judge for themselves.

When I take millions of dollars from the people here at bitcointalk, then you can criticize what I'm doing. 

Since you are the one taking their money, you are the one that gets scrutinized.

But this has got to make one wonder about the relationship of banx to bitshares.

Birds of a feather flock together.   

I doubt that's true.  Any Banx investor who reads this thread should be furious - but not with me.







Are you talking about Mark Lyford? 

I can't destroy your investment, because your investment is already a loss.  According to the patterns shown in this thread, and if Banx is what it appears to be, you will never get dividends equal to the amount you spent on shares.