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

[Majormax]

If the revenue from a single FeeShare was increased from 0.001% to 0.01% and the number of FeeShares decreased from 100,000 to 10,000, the rough 9am morning maths would look as follows:

Cost to buy 3 FeeShares: 0.3363 BTC
To break even on that investment, the Exchange would need to make 3,630 BTC in profit, or $1,500,000 USD.

Even that still seems quite high but a hell of a lot more realistic.

I genuinely thought the cost of a FeeShare would be nearer to 1000 - 5000 ShareCoins each, with the FeeShares being bought out almost immediately and then appearing on the market allowing the community to effectively decide the value of 5% of the business.

If they were priced at 1000 ShareCoins each, it means that the 50,000 FeeShares available could be bought out by 769 people's shares from the initial distribution (or around half). Some people would place these FeeShares on the market and the value of them would rise and fall depending on how well the exchange is doing, but currently if FeeShares were able to be placed on the exchange markets (and made unavailable from the exchange), I think I'd struggle to sell them at a huge loss.

Anyway, it's all up to the devs, but I think they've made a misjudgment on this one. It will be interesting to see how adaptable they are from their initial plans as I can't see this one working for many people.

It doesn't tempt me to buy feeshares, and I think it will keep down the price of Sharecoins. At least the weakness to this coin has appeared at an early stage.

[seek4dream]

After simple calculations, if you have 1% sharecoin, and you use it wisely, you will get at least 1%*5%*10=0.5% feeshare after these two steps:
5% (5,000 FEEs) are sold to the publish on May 10, 2014 when ShareXcoin first launched.
45% (45,000 FEEs) will be sold periodly to the public.

[bytedisorder]

If the revenue from a single FeeShare was increased from 0.001% to 0.01% and the number of FeeShares decreased from 100,000 to 10,000, the rough 9am morning maths would look as follows:

Cost to buy 3 FeeShares: 0.3363 BTC
To break even on that investment, the Exchange would need to make 3,630 BTC in profit, or $1,500,000 USD.

Even that still seems quite high but a hell of a lot more realistic.

I genuinely thought the cost of a FeeShare would be nearer to 1000 - 5000 ShareCoins each, with the FeeShares being bought out almost immediately and then appearing on the market allowing the community to effectively decide the value of 5% of the business.

If they were priced at 1000 ShareCoins each, it means that the 50,000 FeeShares available could be bought out by 769 people's shares from the initial distribution (or around half). Some people would place these FeeShares on the market and the value of them would rise and fall depending on how well the exchange is doing, but currently if FeeShares were able to be placed on the exchange markets (and made unavailable from the exchange), I think I'd struggle to sell them at a huge loss.

Anyway, it's all up to the devs, but I think they've made a misjudgment on this one. It will be interesting to see how adaptable they are from their initial plans as I can't see this one working for many people.

It doesn't tempt me to buy feeshares, and I think it will keep down the price of Sharecoins. At least the weakness to this coin has appeared at an early stage.

someone dumped from 500 to 355 satoshis right now.

[JeffK]

I think there will be a readjustment of the calculations from the dev team.

[xuxx]

"5% (5,000 FEEs) are sold to the publish on May 10, 2014 when ShareXcoin first launched."

It is too small.
If you do this,What you do is kill the ShareCoin.

I though 25% was the good level.

[bytedisorder]

"5% (5,000 FEEs) are sold to the publish on May 10, 2014 when ShareXcoin first launched."

It is too small.
If you do this,What you do is kill the ShareCoin.

I though 25% was the good level.

Actually, the exchange is belong to zip. If he want to sell the feeshare at such a rate, he can do it.

For us, we give our suggestion and have our decision to buy the feeshare or not. That's all.

[platorin]

How many coins in total will there be and how many days do coins need in order to mint?

[jacking]

"5% (5,000 FEEs) are sold to the publish on May 10, 2014 when ShareXcoin first launched."

It is too small.
If you do this,What you do is kill the ShareCoin.

I though 25% was the good level.

Actually, the exchange is belong to zip. If he want to sell the feeshare at such a rate, he can do it.

For us, we give our suggestion and have our decision to buy the feeshare or not. That's all.

You said is right.  The price of ShareCoin is going down and down.....
I hope DEV could change him mind. 25% is good rate.

[testadimerlo]

Feeshare price is too high and I fear it will devalue the coin as people will associate ShareCoin's value with the FeeShare price.

As it stands, 0.001% of the exchange's income is worth $50. This means the value of the 100,000 FeeShares is set at $5,000,000 and that in turn would value the exchange as a  $50,000,000 business. I think a lot of people wanted to invest in this coin because of the FeeShares and to make that a viable and realistic investment the value of the exchange would need to be a figure ten times less than it is now (or even more). The coin price would need to drop to around 50 satoshis or beyond.

It's early in the morning so I hope that makes sense, but I still think you're going to need to drop a decimal place on the cost of the feeshares, or move up a decimal point on the FeeShare revenue percentage and knock a zero off the max number of FeeShares.

Im my imagination I was thinking that one share = 1000 sharecoins... In my view it was a bit expensive but still reasonable... 20.000 share coins for a feeshare sounds like a total joke. What, are we here to waste the time?

[herecoming]

How many coins in total will there be and how many days do coins need in order to mint?

100mil total coins, Minimum Coin Age - 1 Day

[platorin]

How many coins in total will there be and how many days do coins need in order to mint?

100mil total coins, Minimum Coin Age - 1 Day

Thank you, Sir! All best!

[Majormax]

How many coins in total will there be and how many days do coins need in order to mint?

100mil total coins, Minimum Coin Age - 1 Day

What is the Maximum Coin age ?

[DougB62]

Sad to watch the price crash like this...

[hardalisas]

good news. Sharecoin will be listed on Bter soon.

[berkelip]

received 65sharecoin 

[Amph]

Sad to watch the price crash like this...

it's the standard cycle of any coins, where at the start weak hand get burned

[Majormax]

Sad to watch the price crash like this...

It seems to be the structure of the Feeshare sale and interest etc...  That is a potential coin killer.

[ynyjl]

Dev:
I lost my wallet sharecoin.
Receive free ShareCoin address:SSg68PuEc1i4z3QCeatq6Ph9cE39iY7vmC
Time left:0 days 14.03 hours left.
New address:SPbLbkZ7YeWjopsvxaSAKaUmJfJSWxqdmP
Help!
TKS!

[xuxx]

good news. Sharecoin will be listed on Bter soon.

Really? where are the news come from?

[jacking]

Sad to watch the price crash like this...

It seems to be the structure of the Feeshare sale and interest etc...  That is a potential coin killer.

Yes,this coin is overing....