So here's a simple, incontrovertible fact you can't argue with, the code for the original BANX wallet I got from the github:
According to Mark Lyford, they weren't using that code the day Banx was announced. That's the incontrovertible fact.
We're led to believe that a wallet update was required for all users before the coin was announced - but Mark also said that miners had been dumping at cheap prices. The only exchange was Banx.io, so does that mean that everyone who bought and sold before the wallet update had their trades and shares cancelled?
And the only wallet I currently find at github is the Banx PoS wallet. Did you save the original wallet last year? How do you know it's the original wallet? Did you get it before the Bitcointalk ANN? If so, where did you find out about Banx before it was announced?
You can see exactly how the mining happened, and why it was easy for miners to 51% the small network subtly and keep creating new shares for a while.
For a while? Supposedly the network was running for 1 week before it was announced at Bitcointalk, and by that time the coin wasn't mine-able.
So how could anyone mine in in those 7 days? There was no way for them to know it existed.
Besides, Mark Lyford says Banx premined all 6 million coins. Therefore, miners got nothing.
Also, it would be huge news if any miners succeeded in multiple 51% double-spend attacks. It has never happened in the entire history of Bitcoin.
So, once again, it looks like you're just making stuff up.
Or, to be fair, maybe some huge mining pool found out about this secret coin and had more hashrate than BanxMining, a multimillion-dollar cloud mining service with a free-energy windmill generator. And this huge mining pool decided to use their costly equipment to mine a coin that is only sold on its own exchange, and then they dumped it for less than the ICO price, before the launch was announced, for no reason.
I'd like to ask you a serious question: When you talk about the first PoW phase, are you talking about the Banx Testnet?but since you haven't bothered to investigate
You're alone on that one, since the other Banx supporters say I've spent too much time investigating.