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RE: The Truth About Mark Lyford and Banx
Hey Mark,
As someone who was new to all this, just reading the user backlash to Steem Cash and the responses, it is refreshing to hear your comments on it. People were throwing around the scam word but no one was backing it up with any solid information aside from pointing out that Banx failed.
Everyone fucks up, I failed my first business but luckily I didn't have to worry about investors =P While I have no idea who you are in person, you do show that you are willing to be open about yourself and your past which is cool. Best of luck to you and Michael.
Did you take nearly 1 million pounds from investors with no evidence of where the money went? Did you inflate a share price to entice new investors with false profits? Then when investors money stopped coming did you then turn around and say your business failed?
Don't judge a book by its cover and very well thought out marketing plan.
Let's ask him a very simple question. Here it goes.... Mark Lyford, why are so many people trolling you past and present?
Agreed, which is why I have been making the assumption of innocence on his part until either news or some investigation comes out saying otherwise. I am not trying to defend his actions, or his business, just trying to say "good luck" to him and his difficult future ahead of him.
From my own perspective, I got burned on a bad investment by buying into "The DAO." I knew it was risky, and I knew it could fail, but hoped it could turn into something fruitful. If The DAO funds weren't refunded to investors, I wouldn't have cared enough to do anything about it. It was a risk I was willing to take for the potentially high returns. Plus, I failed to do my own "due diligence" as I bought in with the assumption that the Ethereum team backs it, so it must be cool.
NOTE: I know The DAO and Banx are two completely different scenarios, just trying to illustrate a point on risky investments (especially in the crypto space where too many coins end up dead). The first year I started investing and trading I learned one of the biggest lessons I will never forget:
Don't risk money that you aren't comfortable losing
That's a very fair response, however Mark cannot and will not provide any evidence to contest what the 'trolls' are arguing.
I want to point out that I also had a significant amount of BANX and lost a significant amount when it failed. Yet I still chose to work with Mark on something to bring value. Because I know him as a person and made that choice, unlike many people that are here repeating things they read somewhere.