The start of this thread looked pretty credible, however all the spin put on these posts has somehow actually made me more likely to want to invest in Banx
That might make sense if even one person had disagreed with my facts, other than people who are personally involved with Banx.
But yeah, after the devs tried to find my address and then implied that they wanted to murder me, I can see how I responded to them with some "spin" that totally discredits what I've been saying. You should follow your instincts and buy from those people, who have conducted themselves much better than I have.
however still wouldn't touch this with a barge pole until the product has been listed on multiple exchanges and a price has stabilised after the closure of the IPO
The coin was launched 12 months ago, so maybe the IPO will end soon.
If it ever gets listed on an exchange that's not owned by Banx, then the holders will finally be able to sell. And I wouldn't be surprised if there were more people selling than buying for the remaining existence of this asset.
But maybe I'm wrong. Maybe it's worth more than Storj, more than Namecoin, more than Monero, more than NXT.
Maybe it's worth more than MAID - but then how did MAID sell more in the first 5 hours of IPO than BANX has sold in 12 months? Are all those investors waiting for something? Waiting for 12 months, with their money in hand, ready to buy?
To me the posting in this thread started off looking quite professional / credible then descended into a bit of a flame war. Which to an outside reader make both sides of the argument look a more biased which in turn makes it difficult to judge the context of all posts. In my personal opinion, some of your responses feel a little exaggerated which means I must re-read the other posts with that in mind. But I must say that the amount of research you have conducted on the topic is fascinating.
The market will ultimately decide on the what the value is when/if the IPO closes and if there are lots of ambiguities and accusations about the credibility of the Banx platform at that time my expectation would be that that the price would negatively correct itself based on the level transparency (information to investors) that has been delivered by Banx (alongside the profitably of the company and a number of other factors). I can see the higher the level of ambiguity, the greater the impact of the correction.
If Banx can address most of your questions in a way that can satisfy investors you may well have done them an enormous favour. If not, then I'm sure it will be reflected in the price with the IPO closes.