Quote from: troglodactyl on September 19, 2015, 08:55:23 AM

Thanks for responding. I sincerely hope that with more transparency BanxShares reveals itself to be an excellent and productive endeavor.

What criteria will you use to judge if it's successful? What if BanxShares doesn't deliver on the stated plans?

Here are some statements Mark Lyford made in order to convince people to invest their money:

Quote from: MarkLyford on October 06, 2014, 03:33:02 PM

I have been involved in Bitcoin for the past 18 months now and Banx capital is offering you the chance of sharing my vision.

Since he is selling shares based on his own experience, he should show some proof that he was involved with Bitcoin for 18 months.

As far as I can tell, it was more like 10 months. That would make a lot of difference, if he didn't get involved with Bitcoin until it was $1000.

Did he buy Bitcoin cheap and sell high, as he implies? Or was he the latest greatest fool on the market, buying at the all-time high and losing a lot of money?

His experience with Bitcoin is his own chosen selling-point, so a lie about his experience is a lie about the entire basis of BanxShares.

It is true that he registered with Bitcointalk in April 2013, but he immediately started talking about people giving him money for investments. So was he involved with Bitcoin, or just involved with online marketing and selling promises?

Quote from: MarkLyford on May 13, 2013, 05:43:59 PM

I am looking to setup a large mining operation here in the UK. i have a pretty interesting situation which means I will have little or no power costs after September (Location has a £600k wind turbine going up that can power up to 120 houses and I have direct access to the power overage). Initially looking to setup GPU miners, internally and offer mining contracts. Then once / if viable get ASIC miners up and running too. I'm looking to speak to people who would be interested in talking to me more about this. I have a vision of getting a 150 Mhash mining farm up and running by year end . (GPU mining)

If your interested in investing, helping out technically or just want to chat to me more about my mining farm plans I would love to talk to you ( I'm new here , but been online for 15 years and want to get to know as many people as I can on here as quickly as I can)

Cheers

Mark

So he was asking for money, but he had nothing. He had no wind turbine, and he didn't even have any GPUs.

And then 3 minutes after he posted that about starting a mining farm, he makes another post about starting an altcoin:

Quote from: MarkLyford on May 13, 2013, 05:46:43 PM

I realise this must have been discussed many times before but with my background and previous experience of online business I am seriously looking into what it would take to create a crypto currency that had real potential from the start. But I don't technically know where to start. So how difficult is it? Does anyone have suggestions as to who could help this become a reality.

I'm a veteran of online business and marketing (made and lost millions in the adult industry) and I am serious in everything I do , I think if bitcoin is going to be around for many years to come, and develop into something we probably won't recognise in 10 years time and other currencies will be part of the game.

As an entrepreneur I see many opportunities in the Cyrpto Currency industry , specifically in taking it mainstream and I intend to jump in with both feet

I would appreciate all feedback on here or via DM

I'm looking for someone serious to talk to about what it takes to make your own currency a reality.

Thanks in advance for any thoughts or assistance

Mark

PS. I'm interested to hear from any one who has information about new legitimate currencies just launching or in the works too

Is that "being involved with Bitcoin"? Showing up and saying, "Hey I want my own coin but I don't know anything about it. Will anyone make a coin for me, and also give me millions of dollars to start a mining farm even though I've never mined anything?"

Quote from: MarkLyford on May 22, 2013, 03:34:07 PM

the idea of being my own bank has always appealed to me, I have always wanted to own my own, the closest I got was owning half a pawn borking company. Bitcoin you can be your own bank. Although saying that the UK government are talking about setting up their own exchange, thats the first step to becoming a bank maybe

That's some great involvement with Bitcoin - "I want to own my own bank, and I wish the government controlled the Bitcoin exchanges." A real asset to the Bitcoin community.

But if he really didn't buy any Bitcoin until December 2013, which would be 10 months before the launch of BanxShares, maybe we can see what he was planning in December of 2013:

Quote from: MarkLyford on December 02, 2013, 11:21:00 PM

Hi Guys

I want to create a new alt coin called Banxcoin. I have contacted Sunny King about mentoring / advising me , he has very kindly responded to me , but obviously doesn't have time with his commitments to PPC and XPM so I am coming here.

I need to find someone who has integrity and has a no BS approach to making Banxcoin a reality.

I need help, advice and someone who makes things happen.

If you have the technical ability to help me make this a reality I want to speak to you .

If this is you let me know.

No offence to anyone, but i don't need negative comments or people coming on the thread just to put their two cents in. Wink

I just need to find the right person / people to work with to make this a reality Wink

I don't need to be contacted by wannabes and people who can't make this happen (no offence peeps)

Thanks

Mark Lyford

PS. You only have to google my name to know I am serious about anything I do and that I have been online since 1997, been there, done it and got many t shirts Wink

cheers folks

So, ~~after~~ he got 40BTC when they were $1000, he started talking about Banx.

Correction - He made that post about wanting to start Banxcoin, and 2 days later is when the first BTC arrived in his wallet -
https://www.walletexplorer.com/wallet/e4348ac365d585e1?from_address=1JTzzatvy6dSunwabLFu9NQ8RPurn7q1qu

And then he didn't post again for 4 months. When he did, it was about starting an online gambling site, which he also wanted someone else to do for him:

Quote from: MarkLyford on April 05, 2014, 08:12:02 PM

I am looking to get a top quality dice gambling script for use on a new site I am setting up. I need someone to supply me with one who can help support it. It needs to be legit, top quality and working from the get go and be totally legit.

Anyone got anything worth me looking at?

Cheers

Mark

PS. I have tried to contact a few people on here before posting this but not had much luck in getting hold of anyone.

Then he said he was launching a new software in June:

Quote from: MarkLyford on April 30, 2014, 12:51:00 PM

We are currently developing new adobe air based software to track crypto markets, trends and mining.

This is coming out in June and developers are working on it now.

The question is what features would you like to see added to it ?

If you suggest a great feature you get life time access to the software for free

Hit me with your ideas folks!

Cheers

Mark Lyford

But it did not come out in June, and he didn't post again for 5 months. His next post was the ANN for BanxShares.

So, before he ever announced BanxShares, he had already failed to deliver on the following projects:

- Mining farm with free electricity
- Dice gambling site
- Market tracking software

But he may have been a partner in a pawnshop, which is still unconfirmed. He claims he owned half the pawnshop, but I would need to hear from the other partner to believe that. I'd also like to know if the property was owned or leased, and if in fact Mark just pawned something there and called it partial ownership of the business.

Anyway, back to the claims Mark Lyford made about Banx:

Quote from: MarkLyford on October 06, 2014, 08:29:33 PM

Let me state here and now I own 20% of the BANX shares. those shares will not be sold by me for at least 6 months, none of them.

...but he didn't state that the ICO would still be going for over 6 months, and that investors would not be allowed to sell their shares while he would be allowed to sell his.

Quote from: MarkLyford on October 06, 2014, 08:29:33 PM

All of the BTC raised will be spent as outlined in the prospectus.

And has it been spent that way? ByronP is in control of the BTC wallet, and he says they've only made 2 purchases with BTC.

I guess we have to detour again and examine the claims from the prospectus - continued in next post