[ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness

[superresistant]

Did anyone make calculation about the future earning of FeeShares ?

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[Secondleo]

Ppl, go ask for dividends at mintpal or cryptsy
If possible, ask them to sell all the income of their exchange for free, what the hell after all you deserve it, because you should receive anything for free

+1

It is not free. The coins are traded and thus have a value.
It's a more legitimate way to create value from nothing for the dev than the premine.

The dev also stated, that he will use the sharecoins that he gets for his feeshares, will be used to pay out the multipool.
So, the dev also get's the Bitcoin mined in the multipool while arbitrarily determening the price of the shares handed out (not implying that he is trying to fool anyone this way)

[BitcoinForumator]

Totally agree. Feeshare pricing has reduced my interest in the Coin. If this pricing continues, the coin can never succeed, sorry to say.

+1

This is what the dev obviously doesn't understand. 1 step back means 2 steps forward. But obviously he thinks only shortterm.

[AcidReniX]

I have no doubt the developers of this coin have put a lot of work in and have nothing but good intentions for this coin. Obviously they are out to make some money (as we all are). I believe the exchange is their end game goal. Popular exchanges make a lot of money which is why they do not need to gain anything from the ShareCoins themselves. There is nothing wrong with this strategy, in fact this is better for us, because it means we get a fair coin distribution and they get an active exchange.

It is win-win for all of us.

This is why I have faith that the developers will look into the connection between the coins and the exchange, which currently does not work for anyone. People are interested in the future potential of the coin because of the connection with the coin exchange. The connection is the FeeShares.

The FeeShares' value needs to increase or decrease based on the value of the exchange (not the value of ShareCoins). They need to be on a market where the price increases or drops just like any other coin. People may sell their feeShares for a profit if the exchange starts growing, or they may sell FeeShares at a loss if the exchange is in decline. The FeeShares also need to start on the market at a viable price. it makes no difference to the Devs if the FeeShares sell out at a cheap price as it is the regular punters who will be fighting to buy / sell the FeeShares between ourselves. Someone buys the shares for cheap, the exchange value rises and they sell the shares to someone for a profit. The new owner is happy because they are getting a sustained income from the exchange and the old owner is happy because they made a profit on the shares themselves. This is in the Dev's interest as it means the exchange becomes much more popular.

As it stands, the people who have bought into FeeShares will realistically never see a profit, and the FeeShares will never get sold out unless the coin is devalued all the way down to 1 satoshi (and even then they will struggle to sell). The ratio of coins to FeeShares is all wrong. The price is wrong. The inability to exchange FeeShares means that once someone is invested, they are stuck there for good.

I'm sticking around to see how this coin goes as the Dev's have been spot on up until this point. I just hope they know how to react to things like this correctly or they will end up with a dead exchange as we end up with a dead coin.

[Comments]

Totally agree. Feeshare pricing has reduced my interest in the Coin. If this pricing continues, the coin can never succeed, sorry to say.

+1

++!  

I don't want sharecoin will be the next COMM.

[djm34]

1feeshare=20000sharecoin,  that is a joke。

What are you thinking ?

You though your EXCHANGE is very very good ? OR you though this Sharecoin is so cheap?

let the rate up.......

didn't see that one...
Also keep in mind it is a very young exchange, and you might not see lots of revenue before a long time...
(and personally, I would prefer a revenue paid in btc... because it is with btc the exchange will makes its earning
not sharecoin... )

[jacking]

1feeshare=20000sharecoin,  that is a joke。

What are you thinking ?

You though your EXCHANGE is very very good ? OR you though this Sharecoin is so cheap?

let the rate up.......

あなたのばか、私に転がってる

Could you speak English or Chinese?

yameidie....

[djm34]

Totally agree. Feeshare pricing has reduced my interest in the Coin. If this pricing continues, the coin can never succeed, sorry to say.

+1

++!  

I don't want sharecoin will be the next COMM.

don't worry, it won't be the next COMM but the previous Freebiescoin
Seriously you just want this coin go the moon in a week... (which will never happen, for any coin)

[vipin.khatri20]

Suppose the price of Sharecoin goes up to 0.00001 BTC, have you calculated what will be the value of the exchange? It will be 890000 usd. This will definitely affect the growth of coin.

[neilh]

The exchange is great, but it's brand new and competing with a ton of
other exchanges. And right now 20k Shares to buy 1 FEE is expensive.

Anyone who is stating we got Shares for free, you're correct but at the
same time the exchange is making a very tiny or no revenue right now.

The current ShareCoin price needs to be much low imho to come inline
with the current market. The valuation for the exchange with little or no
revenue is way over priced.

It's completely speculative at this time.


I expect the Shares price will continue to drop until it reaches a level that
the market feels is 'right' for a new exchange. People want to buy FEE's, so
either price of ShareCoins will go down or the ShareCoin to FEE ratio needs
to be set lower.

Plus once all Shares are distributed, and if FEE's have a btc pairing, it may
drop the price further.


And remember startups normally have an upfront cost. They launch and
recoup on the business model, aka MintPal. For a service and in this case
an exchange, they generate revenue based on trade and the people who
use it. Selling FeeShares is great, but putting the current valuation at the
current level is high. Where is the value?

If ShareCoin get's added to say MintPal, the price can go up. But that does
not mean anyone will then buy FEE's, the higher they go, the higher the cost
and it then loops back to the current exchange revenue!

[seek4dream]

guys, let me give u some calculations to cheer u up:

total sharecoin: 100,000,000
1feeshare=20,000sharecoin
total feeshare=100,000

assume I have 1,000,000 sharecoin, and keep it at shareXcoin forever, let us see what happen:
if dev sell 2.5%(5% is impossible since it will cost all sharecoin available) feeshare which is 2,500, dev get 50,000,000 and he will spread it among sharecoin holders in exchange, since I have 1million which is 2% percent of total(50million was in dev's hand), I will get 1,000,000.
so after first sale of 2.5%, I increased my sharecoin by 100%. after 20 times such sale, you can imagine how much sharecoin I will get.
in the above calculation, interest is not taken into account, but it doesn't change anything essential.

what does it mean?
It means your sharecoin is much undervalued by 1feeshare=20,000sharecoin, and you should never buy feeshare.

[platorin]

Why would anyone buy freeshare anyway? Could someone explain it to me?

[leetrump]

[neilh]

Why would anyone buy freeshare anyway? Could someone explain it to me?

To get a share of the sharexcoin future revenue!

[mShz]

I have no doubt the developers of this coin have put a lot of work in and have nothing but good intentions for this coin. Obviously they are out to make some money (as we all are). I believe the exchange is their end game goal. Popular exchanges make a lot of money which is why they do not need to gain anything from the ShareCoins themselves. There is nothing wrong with this strategy, in fact this is better for us, because it means we get a fair coin distribution and they get an active exchange.

It is win-win for all of us.

This is why I have faith that the developers will look into the connection between the coins and the exchange, which currently does not work for anyone. People are interested in the future potential of the coin because of the connection with the coin exchange. The connection is the FeeShares.

The FeeShares' value needs to increase or decrease based on the value of the exchange (not the value of ShareCoins). They need to be on a market where the price increases or drops just like any other coin. People may sell their feeShares for a profit if the exchange starts growing, or they may sell FeeShares at a loss if the exchange is in decline. The FeeShares also need to start on the market at a viable price. it makes no difference to the Devs if the FeeShares sell out at a cheap price as it is the regular punters who will be fighting to buy / sell the FeeShares between ourselves. Someone buys the shares for cheap, the exchange value rises and they sell the shares to someone for a profit. The new owner is happy because they are getting a sustained income from the exchange and the old owner is happy because they made a profit on the shares themselves. This is in the Dev's interest as it means the exchange becomes much more popular.

As it stands, the people who have bought into FeeShares will realistically never see a profit, and the FeeShares will never get sold out unless the coin is devalued all the way down to 1 satoshi (and even then they will struggle to sell). The ratio of coins to FeeShares is all wrong. The price is wrong. The inability to exchange FeeShares means that once someone is invested, they are stuck there for good.

I'm sticking around to see how this coin goes as the Dev's have been spot on up until this point. I just hope they know how to react to things like this correctly or they will end up with a dead exchange as we end up with a dead coin.

great explanation, nice one

[familiaverde]

"The exchange is not all we got, we already had a plan for a gambling website too. And revenue from this gambling site will also be shared to ShareCoin holders."

When we will have the gambling wesite ? I hope u will have poker rooms

[JeffK]

Let's see. We need 1 BILLION SHARE to buy the 50K FEECOINS available to the public. There are 100 MILLION SHARES, with the POS rate the coin has, we will never reach it. Basically, they are keeping much mor revenue than what they state too.

[platorin]

I have no doubt the developers of this coin have put a lot of work in and have nothing but good intentions for this coin. Obviously they are out to make some money (as we all are). I believe the exchange is their end game goal. Popular exchanges make a lot of money which is why they do not need to gain anything from the ShareCoins themselves. There is nothing wrong with this strategy, in fact this is better for us, because it means we get a fair coin distribution and they get an active exchange.

It is win-win for all of us.

This is why I have faith that the developers will look into the connection between the coins and the exchange, which currently does not work for anyone. People are interested in the future potential of the coin because of the connection with the coin exchange. The connection is the FeeShares.

The FeeShares' value needs to increase or decrease based on the value of the exchange (not the value of ShareCoins). They need to be on a market where the price increases or drops just like any other coin. People may sell their feeShares for a profit if the exchange starts growing, or they may sell FeeShares at a loss if the exchange is in decline. The FeeShares also need to start on the market at a viable price. it makes no difference to the Devs if the FeeShares sell out at a cheap price as it is the regular punters who will be fighting to buy / sell the FeeShares between ourselves. Someone buys the shares for cheap, the exchange value rises and they sell the shares to someone for a profit. The new owner is happy because they are getting a sustained income from the exchange and the old owner is happy because they made a profit on the shares themselves. This is in the Dev's interest as it means the exchange becomes much more popular.

As it stands, the people who have bought into FeeShares will realistically never see a profit, and the FeeShares will never get sold out unless the coin is devalued all the way down to 1 satoshi (and even then they will struggle to sell). The ratio of coins to FeeShares is all wrong. The price is wrong. The inability to exchange FeeShares means that once someone is invested, they are stuck there for good.

I'm sticking around to see how this coin goes as the Dev's have been spot on up until this point. I just hope they know how to react to things like this correctly or they will end up with a dead exchange as we end up with a dead coin.

great explanation, nice one

Change the ratio then.

[xuxx]

Yeah,I will choose Feeshares too..

[Majormax]

guys, let me give u some calculations to cheer u up:

total sharecoin: 100,000,000
1feeshare=20,000sharecoin
total feeshare=100,000

assume I have 1,000,000 sharecoin, and keep it at shareXcoin forever, let us see what happen:
if dev sell 2.5%(5% is impossible since it will cost all sharecoin available) feeshare which is 2,500, dev get 50,000,000 and he will spread it among sharecoin holders in exchange, since I have 1million which is 2% percent of total(50million was in dev's hand), I will get 1,000,000.
so after first sale of 2.5%, I increased my sharecoin by 100%. after 20 times such sale, you can imagine how much sharecoin I will get.
in the above calculation, interest is not taken into account, but it doesn't change anything essential.

what does it mean?
It means your sharecoin is much undervalued by 1feeshare=20,000sharecoin, and you should never buy feeshare.

That is about right.


The bottom line is, by pricing Feeshares in Sharecoin, the dev. has given a yardstick measure by which to value Sharecoin, and that valuation is very low indeed. By actually giving this one objective measure (and there is no other), it puts a ceiling on the price,ensuring that Sharecoin will remain permanently low, unless the exchange gets to the size of (say) Cryptsy, or there is an alternative OBJECTIVE measure (which is not going to happen: virtually no coin has managed to tie it's price to a solid commodity).