Post
Topic
Board Altcoin Discussion
Re: Are BanxShares as good as GAW Paycoin?
by
runpaint
on 26/09/2015, 13:37:32 UTC
1. A business is a living organism and everyone know that business plans are actually designed to be changed.  Companies that fail are often a victim of not being flexible to the changing market conditions. Which if you don't understand you should not invest in anything because it's business management 101.


So when someone says there will never be any additional shares, everyone knows that it means there will be more shares?

Then you agree that Mark is lying about LottoShares, correct?  He will issue more shares, and give some to Dan and Stan, because he doesn't have to do what he says?  Because that's Business 101?


Can your customers also change the rules, or is it just you?  What if your customers also took Business Management 101, and they try to screw you the way you're screwing them?  

What if they agreed to the terms and conditions of the Banx.io exchange, and then they break the rules - you wouldn't ban anyone, would you?  Just because they agreed to certain rules, that doesn't mean anything in business.  Your Terms and Conditions were designed to be changed unilaterally by one party without the other party's foreknowledge or consent.  Correct?

If you don't let customers cheat and steal on your exchange, then you should not run an exchange because that's just standard stuff that they teach in business schools.  




 
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2. This was an error with more than just the BANX market, it had nothing to do with Banx as a company, it was a long running error that I created and fixed as soon as it was brought to my attention.


The first time, or the second?  

Before you were running the exchange, or after, or both?  

Before you were there, Banx went from $3000 daily volume to $79,000 for just one day, which somehow coincided with a price increase, and then it went back to $3000.  

Most people do not believe the Banx numbers on CoinMarketCap.





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3. The price is pegged to USD and just as the value of USD fluctuates and the value of BTC fluctuates so does the actual sale price of BANX. Take a FOREX 101 class please.


Where are the fluctuations?  It mostly looks like deliberate price manipulation - almost always a flat line, with steep increases.  Very little fluctuation.  Not like USD or BTC at all.  

This is not what real market data looks like:







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4. Yes, it's called an ICO/PIO. Again I urge you to go to college.


Initial Coin Offering/Person of Indian Origin?  I doubt there's a college course about premined altcoin sales.  In the real stock market it's called an IPO.  But your little play-market is good too, I'm sure you're very proud.




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5. Not true with the exception of investors that have agreed to certain terms.


But you said agreements and terms don't mean anything.  Business Management 101?

You may not know this, but investors are living organisms.





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6. Yes Mark received more shares


Received them...from whom?  From himself?