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RE: The case of Banx & C-CEX

in #marklyford8 years ago (edited)

Good investigative work and write-up. Thank you. I have wanted to think the best of both of these guys. But even if Mark had an honest idea to make a business, it's also true that people keep losing their money each time. Plus, it doesn't sound like he handles it well.

And Michael? I don't know. Maybe he just picked the wrong partner or projects, but I thought the recent e-mail those guys sent out (someone posted it separately here on Steemit) was unnecessarily pushy and borderline misleading. I don't know that anything Michael has worked on in crypto has really come through the last few years, but maybe he's had some bad luck also. Stan in BitShares still has a high opinion of him and that means something to me.

Would I invest in any of their projects? Probably not.

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Only one of my projects didn't turn out. And everyone was refunded, weren't they @onceuponatime ?

RE: email - did you read how the guy made a mistake and actually signed up for it? Misleading? The only thing misleading is the author that posted it.

Or how the author was blackmailing other users for SD?

The fact is people will not let Mark be - he screwed up previously, he didn't run and is still trying to make good. Doesn't sound like a bad guy to me.

Michael, Banx was not a failed startup, it was a scam from day one, conjured up in a prison cell as a means to repay some people that were important to him ( not Banx investors) he needed to make his parents whole, he borrowed 150k on their home to fund a business (he failed of course) & tried to repay the funds by growing marijuana but he failed at that too, there is nothing, absolutely nothing legitimate about the Banx operation ,it was a ponzi scheme ,illegal by definition, one day it & he will be investigated and you say " Doesn't sound like a bad guy to me."..you either have no clue who you're dealing with or you have rose tinted glasses

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