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Someone asked above if anyone was able to encrypt their wallet. The answer is yes, my wallet encrypted fine.
Keep in mind your wallet has to be opened and unlocked in order for your POS to earn interest.
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I don't understand. How do you propose to convert BTC to USD without selling the BTC. That is how you convert it. You sell it. So, you would need to sell 60% of your BTC for USD. Of course, if you made a gain on that sale you owe gains taxes.
Of course, if you just want to keep the coin safe, move it to paper wallets. I suggest several wallets with 10BTC each.
Why is converting to USD or fiat, selling it? Don't you see bitcoin as a digital currency? Do you think people pay tax when they buy Dogecoins with BTC? Or convert their dollars to another fiat? Sure, BTC is a digital currency. It is either BTC or it is USD. It can't be both at the same time. That seems to be what you are implying. As far as ForEx trading, yes, if you buy EUR with USD, then sell the EUR for USD at a profit, you owe tax. Don't be a tax evader. If you're in the US, unless the re-categorize BTC as currency, even if you spend BTC you owe tax on the gain. That said, you can also write off losses. No of course I don't think I can have something in BTC and USD at the same time, I've no idea why you think I implied that. I think you are being overly moral as 99.99% of trades on exchanges don't pay tax or do most who bounce between USD and BTC on exchanges like BTCe. Most people only ever think about it when it re enter the banking system and have to bite the bullet. Well my aim is not to enter the banking system at least not now but have a balanced portfolio of digital wealth stored online. So please, this isn't a thread for discussions about tax evasion. Who knows later I can move back into a digital currency online and feel it's stable enough long term I just don't want to be in BTC only now. Got it. So, bottom line, I wouldn't trust any exchanges to hold much BTC or USD. Keep it all as BTC, and move it to paper wallets. Laminate the paper wallets and put them somewhere secure. You might want to try holding GOLD/SILVER. It is pretty stable and can be liquid if you use a pool account. Kitco.com has pool accounts. The nice thing about using GOLD/SILVER as storage medium is that if the value of the dollar goes down, the value of the gold/silver goes up. It's a great way to hold wealth and hedge against currency value loss. |
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Buying ShareCoin!  PM Me, Online nowI'll be happy to buy 65,000 SHARE for 65,000 satoshi. 0.00065000 BTC.
For $0.28 cents?  Don't reckon anyone is going to sell for that. To Everyone else: PM me if you want to sell, I can promise decent offers. It's a bid, matching what the dev said he will bid once it's on the exchange. It will fill or it won't. |
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I'll be happy to buy 65,000 SHARE for 65,000 satoshi. 0.00065000 BTC.
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I don't understand. How do you propose to convert BTC to USD without selling the BTC. That is how you convert it. You sell it. So, you would need to sell 60% of your BTC for USD. Of course, if you made a gain on that sale you owe gains taxes.
Of course, if you just want to keep the coin safe, move it to paper wallets. I suggest several wallets with 10BTC each.
Why is converting to USD or fiat, selling it? Don't you see bitcoin as a digital currency? Do you think people pay tax when they buy Dogecoins with BTC? Or convert their dollars to another fiat? Sure, BTC is a digital currency. It is either BTC or it is USD. It can't be both at the same time. That seems to be what you are implying. As far as ForEx trading, yes, if you buy EUR with USD, then sell the EUR for USD at a profit, you owe tax. Don't be a tax evader. If you're in the US, unless the re-categorize BTC as currency, even if you spend BTC you owe tax on the gain. That said, you can also write off losses. |
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If you ask me I would do it this way:
TOTAL 1000 BTC
350 BTC -> 150000 USD into a Bank (Choose the most trusted one in your country).
550 BTC -> Paper wallets with multiple backups, BIP32, multisig, etc.
100 BTC -> Investments, mining, altcoins (not recommended), everyday expenses, online wallets, etc.
I would put the USD in a brokerage money market fund. It is just as liquid but will earn you more interest than a bank account. |
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Dont forget pleaseSince the team is not taking any of the ShareCoin, your donations will help us a lot with the on going development.
Please donate to:
BTC: 14hokVwFRwK6FZnP22FPPjHLuAUntrbgQW
SHARE: SbYQQJURuCSKpic9RuJBnBU14nfASjJLWt
I will be donating 6500 once I get home. That is 10% of my 65k You are an officer and a gentleman! |
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i cant find it.. in the folder it only says the application file
dev please dont send coins to me yet! need to sort this
If your using windows, server people told you where the data directory is. Have you looked in that location? close your wallet Use WinKey - R. In that window type %AppData%\ShareCoin That should open explorer. Delete everything but wallet.dat. If you delete wallet.dat you are screwed. Then, restart the wallet, version 1.5.0.1. |
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Coins are coming out in a moment.
First 1000 accounts will receive: 65359.47712418 SHARE each
The rest will receive: 59417.70647653 SHARE each
Sweet! I went to tell you you posted it backwards, but you fixed it! I can't imagine how tired you are! |
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sweet , i'm in the list , and part of the 1st 1000 great work dev, success for SHARE I have no internet at home at the moment.. Only at work. Hopefully my coins get placed on hold for the meantime till I get home to turn my internet back on!  It seems like you don't have a firm understanding of how block chain based crypto currently works. You don't need to be online or have your wallet running to receive the coin. The transaction will be entered into the block chain. All your wallet does is download the block chain and find any transactions made to/from the address you control to determine your balance. |
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I don't understand. How do you propose to convert BTC to USD without selling the BTC. That is how you convert it. You sell it. So, you would need to sell 60% of your BTC for USD. Of course, if you made a gain on that sale you owe gains taxes.
Of course, if you just want to keep the coin safe, move it to paper wallets. I suggest several wallets with 10BTC each.
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zip, I hope you realize that I'm maintaining a list of AC holders. My ShareCoin wallet isn't in sync and will have to publish soon.
Did you get the new version? It seemed to fix the problem. Although it is telling me it can't mine while the wallet is locked, even though the wallet is unlocked. |
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Is that a change from what the OP says? Holding ShareCoin will give you a percentage of revenue from our exchange website. What I meant was: if you are holding ShareCoin, you have a chance to earn a percentage of the exchange website by turning it into FeeShare. I see thanks. I suggest you clean up to OP to be a bit more clear. Question, is FeeShare to ShareCoin a 1:1 exchange, or will the price of a FeeShare fluctuate because it will be sold on the exchange? BTW: Anyone heard of Swaphole? That's a newone on me. They advertise on Redit that they will be trading ShareCoin. https://www.swaphole.com/#!market/SHARE/BTC |
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Here is some quick informations about ShareCoin and its own exchange: The team behind ShareCoin is developng an exchange. The exchange is called: Sharex. Sharex allow users to trade many AltCoins (including ShareCoin) to BitCoin, LiteCoin, etc... Revenues collected from Sharex is divided into 100,000 parts, those parts are called FeeShares. There are only 100,000 FeeShares available. Each FeeShare will give the FeeShare's holder 0.001% revenue from Sharex. revenue will be paid periodly every 6 hours. Payments are all in Bitcoin and are credited directly to the FeeShare holder's account. You can only purchase FeeShares with ShareCoins.
FeeShares pre-sale is opening today. Cheers  Is that a change from what the OP says? Holding ShareCoin will give you a percentage of revenue from our exchange website. |
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This better not be another yellow coin giveaway, where almost no one got their coins after advertising for days on end. Share coins should be sent immediately if this was legit.
Sigh. The giveaway start time hasn't changed since post 1. What is unlegit? Did you send BTC or something? Did you pay for the wallet? |
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Ok. The free distribution registration is now officialy ended.
Lists of qualified and disqualified accounts will be published within 24 hours.
Coins will start distributing after the list is released.
You must keep your signature for 7 days to receive ShareCoin, you will be disqualified if you change your signature.
Cool. What's the ETA on the fixed updated wallet download? |
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 the website is nice and tracking system is cool Wait until you see the exchange Can't wait. So, does the "Free and Share" distribution start when the count down hits 0? Is it automated? I'm excited to get into the ground floor of a great looking new POS coin. |
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So I originally posted this in this thread: https://bitcointalk.org/index.php?topic=518602.0;topicseen But of course it was deleted since the pumper is self-moderating the thread. Has anyone actually received their principal back from this? 20% per month = double your money in 5 months. Madoff promised 0.83% per month using magical arbitrage strategies and the smart people knew that couldn't be real. What is the total size of the trading fund? If you're doing arbitrage with your $1,000 account I could see a 20% return being possible. But arbitrage opportunities do not scale. There is a limited amount of arbitrage available in the market and lots of people competing to get it. And according to bitcoin-trader.biz they are doing manual trading. How could it be possible for them to get the large amount of arbitrage profits they'd need for those level of returns, especially when they are at a huge disadvantage to automated traders? Plus they are reporting returns of around 1% per day. That's a 3778% APY when compounded daily ( https://en.wikipedia.org/wiki/High-yield_investment_program). If they were getting those kinds of returns they wouldn't need to take anybody else's money. 1 BTC invested at those rates in April 2013 would be worth 4,100,974,661,233,895 BTC today. Or you know, 300,000,000 times the total supply of Bitcoins. I'm calling it: PONZIAnd also: FYI bitcoin-trader.biz was registered October 2013 ( http://who.is/whois/bitcoin-trader.biz). OP [in that other thread] said they started in April 2013, six months before the domain was registered. Maybe they used a different domain, but just something to be aware of. Also 120 days means once you invest you can't withdraw for that long? Sounds like a way to get lots of people's money, report that they're making lots of gains, but never pay out. Why would you restrict when they are able to withdraw? You can withdraw your profits daily. Only the original share price is locked for 120 days. Also, you don't get compounded returns. The return is based on the USD amount of the share. Not BTC amount. Finally, it's only per work days that they trade. I'm not saying it's NOT a ponzi, but several of your points are using incorrect info. |
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Just for giggles, I deleted my Sharecoin folder (have a wallet backup of course) and re-ran the wallet. It happily downloaded and processed 4999 blocks, but still shows Out Of Sync. Guess we'll just have to wait for the dev to work it out. I'm not worried since it's not only me.
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Is there any future developments planned for this coin?  Yes, lots of news to come...we already have had merchants contact us to accept the coin, as well we plan to list on other exchanges and target niche markets Are you going to stick with the PHI ticker? It conflicts with PHICoin. |
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