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The more I look at the business model the more I see the brilliance behind it...
You guys are probably just mad that a bunch of coins that were given to you didn't make you rich overnight
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Please give a rational argument to back up how a dev that gave away all the coins as well as giving away all the profits of fee share is killing the coin and exchange.
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Distribution was finished, dumpers were gone ？Is there a new start？
look at the exchange still alot of dumpers only few buyers most buyers are not gonna show their hand till the sheeple scatter, also you can get almost guaranteed returns by buying with BTC to your mining address then selling your mined coins above the wall that theyll sell you the sharecoin for... woops getting drunk shouldnt be giving these ideas away lol |
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i got 20 more btc to invest if it goes that low im gonna have 25% of the coins
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I can vouch for the reputation of Canada coin
Hope this goes well.
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sharecoin used to buy feeshares are evenly distributed between all sharecoins on sharex at 2* the annual interest rate, im assuming this includes the sharecoins used to buy the feeshares as well. so dev has the equivalent of about 10% of all coins from the sale of 350 feeshares. he then uses those coins to either 1) buy multipool btc with the sharecoin and then use the btc purchased from the multipool to create buy walls on sharex or 2)fund the extra interest on the coins held in sharex thereby creating liquidity and demand for his exchange feeshares atm are more of a donation towards the dev to make sharexe a bomber exchange that will have demand for time to come. hope this makes it more clear and if Im wrong correct me  |
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so if we deposit BTC to our mining address you will trade them for sharecoin and add an equivalent buy wall?
Yes, he pays the sharecoins from the freeshares sales at the current market price (Ex. 200 satoshi, without making the price go up, which is good, cause the miners will get all the coin at the same price, meaning more coins), at the same time buying coins for the X btc amount on the market wish I had rtead that earlier... so the real reason the price is dropping atm is because the mined and investment coins have not come to market yet. will be neat to see the buy walls formed |
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so if we deposit BTC to our mining address you will trade them for sharecoin and add an equivalent buy wall?
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This is already in the OP, but looks like many of you missed it or intentionally ignored it: https://sharexcoin.com/fee_shares/aboutBefore making any argument. Try to understand the system first. Basically, ShareCoin generated from FeeShare will go straight back to the ShareCoin holders through the Exchange interest rate. I explained this multiple times in the thread already. except for the sharecoins you are selling at whatever price you feel is fair to the multipool? I'm sending ShareCoin to multipool at a fixed market price at the time of buying using ShareCoin generated from FeeShare, then I place an order at that exact same price with all the bitcoins. Instead of just buying up all sell orders, this will bring more ShareCoin for the multipool's miner so I don't see how can it be unfair for them? may have misunderstood. how are you deciding the fixed market price? are you buying at the current market price, or just something you feel is proper price? I'm placing a buy order at the current bid rise, of course will skip the small amount bids . that souinds good, i think anything over the 24 hour low would be fair i just wanted the clarity once again *applause* |
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This is already in the OP, but looks like many of you missed it or intentionally ignored it: https://sharexcoin.com/fee_shares/aboutBefore making any argument. Try to understand the system first. Basically, ShareCoin generated from FeeShare will go straight back to the ShareCoin holders through the Exchange interest rate. I explained this multiple times in the thread already. except for the sharecoins you are selling at whatever price you feel is fair to the multipool? I'm sending ShareCoin to multipool at a fixed market price at the time of buying using ShareCoin generated from FeeShare, then I place an order at that exact same price with all the bitcoins. Instead of just buying up all sell orders, this will bring more ShareCoin for the multipool's miner so I don't see how can it be unfair for them? may have misunderstood. how are you deciding the fixed market price? are you buying at the current market price, or just something you feel is proper price? |
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Strange, I mined on the multipool for 24 hours, and it's been two days already and I didn't receive any coins...
Multipool isn't paying out automatically at the moment because it will cause a big loss to miners if auto buying. Instead, after a period, I will payout ShareCoin to Multipool's miner at a fixed price using the ShareCoin generated from FeeShare sale. Then I'll use all bitcoin from the pool place a buy order at that price. This way, miners will get ShareCoin at a better rate. this seems to be in direct contradiction to MultiPool distribution: ShareCoin are distributed to the Multipool's miners at the current market price. As the ShareCoin are taken from the FeeShares sell, this won't affect the market price. Threrefore, miners are getting ShareCoin at the best rate available. Join our multipool at: |
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This is already in the OP, but looks like many of you missed it or intentionally ignored it: https://sharexcoin.com/fee_shares/aboutBefore making any argument. Try to understand the system first. Basically, ShareCoin generated from FeeShare will go straight back to the ShareCoin holders through the Exchange interest rate. I explained this multiple times in the thread already. except for the sharecoins you are selling at whatever price you feel is fair to the multipool? |
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Im not gonna buy any feeshares until zip decides to give up this multipool/sharecoin control system.
if we keep mining but dont buy feeshares they will dry up real quick.
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what i see is that the community doesn't understand the whole feeshare mechanics and is getting confused.
i think there is just alot of confused babble being thrown around to help get the price down lower.... good for me though I would still like to get my hands on 4 or 5 million more |
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think of the feeshares as backing for sharecoin. do you think that when dollar was based off of gold that the total value of all the dollars didn't far surpass the quantity of gold in reserve?
sharecoins are awesome because they will always have a tangible asset that they can be traded in for.
a perfect symbiosis between exchange and coin.
the thought here is that with sharecoins there is less chance of failure, because in order for it to become worthless both the coins and the business have to lose all their value.
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please add BC on sharex possibly a pair for BC/Share also Doge/share and Litecoin/share
if you want us to use you you gotta make it easy
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gonna buy the sell wall 300 is still chaep imho
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go ahead and sell me 2 mil more sharecoins the wall is mine =)
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The true purpose of ShareCoin is to distribute FeeShare to community, but if holding ShareCoin is more profitable than holding FeeShare, you guys can just hold your ShareCoin, nobody is forcing you to do anything. But the distribution method of FeeShare will never change. It can only be purchased by ShareCoin until 50% of the FeeShare are sold.
Sorry dev, but we gonna add new purposes to the ShareCoin  Uh-oh!  its a win win for them until mintpal takes on sharecoin we will all be doing our trading on sharex the more feeshares they own the more profit they make off of a growing sharecoin. and if enough of us stay on sharex and it can compete, say with 1000 btc traded/day all those that bought sharecoin low will be making off with a hefty profit while the sharecoin economy suffers very little from the profit taking because the profit is distributed to all the feeshare holders evenly. basically they have given a sweet reason to be a bagholder. |
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