Quote from: StanLarimer on June 18, 2015, 02:16:13 PM

We need to be careful about crying "scam" all the time until we take the time to understand the underlying business models and what an issuer is trying to accomplish for her target customers.

We're not in Kansas anymore, Toto, and every innovative digital asset is not trying to be a payment coin.

That means you need to do your homework before you invest in anything. And before you criticize it.

But that homework is much more than superficial arguments about Proof of Manhood or how decentralized something really is or whether the solution is "sufficiently cryptolitically correct", whatever that means.

Serious businesses are starting to enter the space with serious services they are offering to serious customers.

If a serious business is meeting the needs of serious customers then we do everybody a disservice by making the coinmarketcap ecosystem into a never-ending firing range for people who have no idea what they are criticizing or how to fairly evaluate it.

Keep it up and you'll kill off most of the innovation you are hoping to invest in. That, or serious businesses will take their opportunities elsewhere.

Whilst I agree with some of the points in your rant, with all due respect it is largely nothing to do with the points I'm raising. and seems to be posted with the ulterior motive of self-promotion of your own platform. Whilst you make a point we shouldn't scream out prematurely when we see something that looks like a red flag you are adopting the opposite approach in the defense stand; constructing stories about how the daily $15k volume comes from buyers who are holding these shares and earning profits from the underlying company. Whilst that's a nice idea If you researched this particular asset more you'd find that quite far fetched, it's clutching at straws.

I'm comfortable in my accusation that the devs have 'scammed' their way to a $10 million market cap and 'scammed' their way to producing fake volume reports on the only platform their 'asset' exists on- both of which are owned by themselves. This is done with the intention of making their project more appear more successful than it actually is, and that is not fair and open business to me. I don't trust manipulation. Tell me this is normal.

Quote

As part of our ongoing plan to improve services, we require all investors in Banx shares to transfer all shares held to Banx.io exchange no later than the 28th of November 2014.

As part of our continuing effort to improve Banx Capital services, maintenance is scheduled to begin on the Banx Shares wallet which will involve wallet modification and upgrade to the existing wallet technology. These are mandatory updates.

This maintenance will require a hard fork of the wallet code, so please be advised that all outstanding shares not deposited on the exchange by the 28th of November are at risk of becoming invalid shares as future wallets will not be compatible with the current wallets.

While the upgrades are being implemented all withdrawals and deposits of Banx Shares will be disabled to prevent complications arising from the new updates. Please be advised that until testing of the new wallet code is conducted and the results are within expectation to a satisfactory standard, no fixed date is set for the conclusion of these pending updates.

Quote from: EvilDave on June 18, 2015, 06:52:00 PM

Quote from: StanLarimer on June 18, 2015, 06:30:30 PM

Quote from: EvilDave on June 18, 2015, 06:13:03 PM

Just for a laugh, decided to run the numbers.

Being too lazy to get the calculator out, I estimate total BANX trading on Banx.io at around 13 BTC / $3250 over the last 24 hours.
CMC shows 62 BTC / $15,500:
http://coinmarketcap.com/currencies/banxshares/#markets

Er....anyone got a sane explanation ?

How about most of them are HODLers in the underlying asset so they can get a piece of its profits instead of a piece of its appreciation? Such assets don't trade that much, especially if they belong to private shareholders of a real company.

Again, expand your thinking about the kinds of things transparent ledger technology is good for.

That doesn't make any sense, Stan, and isn't even on-topic.

The point is : CMC shows $15,000 traded in 24 hours on Banx.io, but Banx.io shows slightly over $3000 traded in the same period.
Cynical people (like myself) would assume that this is some form of market manipulation, but I'm open to other explanations.

Exactly my point. Thank you.