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

[Matory]

Hi all!

I WTB 2 or 3 million SHAREs at 99sat each. PM me if you sell amount.

Really? How nice. Right now there is a 2million buy order on the exchange at 125 and maybe another 4 million bid offers higher than that.

When I posted this 3 million buy order was at 95, 8 hours ago 

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[PilotofBTC]

Hi guys,
I see a lot of discussions above and I'm just a little bit confused. I was planning to increase my sharecoin's stake but I need to clearly understand wich could be the expected future value. I would like that anybody doen't reply to me  just sayng that the coin is a scam... I really want to understand and I start from this:

1) Total amount of the coins in the market:  will it be 100 millions or 1 billion ( for buy the shares it needs 1 billion)?  Or will it be infinite?

2) Gambling site: dev team said in the OP that they will work in a gambling site. Will it be like sharexcoin? With feeshares available? Because in this case it needs another billion

3) The only bagholders will be the dev team: how they will defend themselves against the accuses to manipulate the market? Because every time that will start a dump, someone surely will think: " maybe is the dev team dumping?"

I really want to follow and hold this coin, but I need to know if there is a sense in hold it when there are other two billions that go out from the door and turn back from the window

Please, can you help me without to fight?

There will never be more then 100.000.000 sharecoin.

That is wrong. The coin will grow 30% year one, 20% year two, 10% year 3, 5% year 4, 2% year 5, 1% after that.

Currently there are 100,188,320.04776300 on the block chain.

[PilotofBTC]

guys ... now that we are on 150 satoshi, do you think this coin is just worth 75k $ USD

Hmm.. seems awfully low for a good distribution and an exchange to back it up.  I bet you ... sellers will regret it at this low price!

Yeah, one execute order at last 2 hour, yeah, sellers will regret it at this price 

Forget speculation, sharecoin could be the first currency with guarantees; but for that we need to reach a consistent market value.

And remember that the sharecoins in circulation are 100 million + all feeshares sold.

Buying FeeShare's doesn't increase the money supply.

[PilotofBTC]

guys ... now that we are on 150 satoshi, do you think this coin is just worth 75k $ USD

Hmm.. seems awfully low for a good distribution and an exchange to back it up.  I bet you ... sellers will regret it at this low price!

Yeah, one execute order at last 2 hour, yeah, sellers will regret it at this price 

Forget speculation, sharecoin could be the first currency with guarantees; but for that we need to reach a consistent market value.

And remember that the sharecoins in circulation are 100 million + all feeshares sold.

^^, twisted idea to drop the coin value anyway, it's out of my concern, it's to obvious how it was manipulated, anyway dev seems doing nothing about this so who cares anyway sad for the holders who keep holding unless you wanna create a community takeover this coin XD  but the question is where is the community ^^, after the dump i think so weak hands dump it fast ^^,

What do you expect the dev to do? It's a market. The market sets the price.

The dev had a great plan and it is working well. The only 1 criticism I have is that he didn't publish the FeeShare price ahead of time when he claims it was the planed price from the start.

[djm34]

guys ... now that we are on 150 satoshi, do you think this coin is just worth 75k $ USD

Hmm.. seems awfully low for a good distribution and an exchange to back it up.  I bet you ... sellers will regret it at this low price!

Yeah, one execute order at last 2 hour, yeah, sellers will regret it at this price  

Forget speculation, sharecoin could be the first currency with guarantees; but for that we need to reach a consistent market value.

And remember that the sharecoins in circulation are 100 million + all feeshares sold.

Buying FeeShare's doesn't increase the money supply.

Buying FeeShare puts all the sharecoins into one hand ==> it is exactly like a huge premine.
and worst it fixes FeeShare prices, ShareCoins price. It isn't even market driven

Why anybody would buy or mine that ?

[Vitalogy]

what i see is that the community doesn't understand the whole feeshare mechanics and is getting confused.

feeshare is understood, but the problem is the confusion about the relationship between feeshare and sharecoin, computation was explained in the previous page on how long will you get your ROI , and the dev made a clarification about the 2 different entity, and that this thing was exploited and drive the coin value down, and there are lots of concerns regarding the feeshare that was unasnwered, like the what if's of unsold share during the days they openned it

I think the plan is like this:

Zip want to start an exchange as his main business, he know his own strengths and weaknesses. He know he's not very good to promote his business and make good marketing. He could hire sales representative, but that's probably too expensive. He also know that a strong community around a loved coin can do miracle (see Dodgecoin).

So he was like How can I motivate some cryptocoin community to promote my business?

His idea: built a new cryptocoin community around a new coin (Sharecoin).

But if his community has no rewrd, they will not promote anything.

His second idea: share the profit of the business. (FeeShare)

That explain the high price of the FeeShare. He don't want to share the profit with everyone without return. If he is going to share the profit, it will be with people that help him to promote his exchange, of course. It's not a big deal if no one want the FeeShare. It will just mean that he will keep 100% of the profit. But maybe the business will not be as successful as wished because no one will talk about it.

In short, Zip sellling FeeShare is like hiring sales representative in exchange of a % of his profit.

[PilotofBTC]

how is the feeshare distributed to sharecoin holders?

The sharecoin holders at the exchange get double interest which essentially comes from FeeShare sales. So, when your interest reaches 20k you buy a FeeShare, you get more interest, you buy a FeeShare.

Also, FeeShare holders earn bit coin, which they can use to buy more ShareCoin to buy more FeeShares.

It's basically a closed economy. I'm pretty sure that's what the dev was getting at.

[PilotofBTC]

guys ... now that we are on 150 satoshi, do you think this coin is just worth 75k $ USD

Hmm.. seems awfully low for a good distribution and an exchange to back it up.  I bet you ... sellers will regret it at this low price!

Still high imho

each feeshare sold makes more "recycled" sharecoins. high sharecoin price implies exchange not taking part in this coin. will drop but it will take some time. when one of the big bag holders with +5% of the coin (eh qawzsx ) will dump we will see how much we drop down. It's a matter of time!!!

yep still high, as people having bought for several BTC worth of sharecoins keep holding them rather than exchanging for the (worthless) IPO feeshares.
Anybody having received dividends from the feeshares (since it is supposed to pay every 6 hours) ?

No, it doesn't start paying out until the initial ShareCoin distribution is completed, so everyone has a chance to exchange their ShareCoin for FeeShares (which was the devs original expectation), the over blown price of ShareCoin initially was not his fault.

[duola9527]

i think the sharecoin need an big exchange, Polonie, Bittrex...

[PilotofBTC]

If you put your coin in the sharexcoin.com exchange website, it earns double PoS ... so instead of 30% .. you get 60%.  The extra 30% comes from FEE SHARE sale.

that is if you let your sharecoin sit in the exchange for the whole year else it will only the fraction of that 30% * 2

So it's a PoS Pool Was trying to explain this to a NEM dude, imagine a world without PoW.. I think a someone mentioned it when NXT first launched..

I'd rather sit on my free coins, keep them under the bed in a box so to speak, not much to lose.

Maybe be more incentivised if I knew how many and the coin age over time that were in the "ShareX Bank"

Fee shares will work if ShareX works, I hope next up is an API 

Sitting on them is not a bad choice. But, move them to the exchange on Wed when you start earning double interest on them over what you get holding in your wallet.

[bitcoin carpenter]

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.

[PilotofBTC]

what i see is that the community doesn't understand the whole feeshare mechanics and is getting confused.

feeshare is understood, but the problem is the confusion about the relationship between feeshare and sharecoin, computation was explained in the previous page on how long will you get your ROI , and the dev made a clarification about the 2 different entity, and that this thing was exploited and drive the coin value down, and there are lots of concerns regarding the feeshare that was unasnwered, like the what if's of unsold share during the days they openned it

That question was answered several times. I'm not sure why it was asked. If a company holds stock it retains the dividends. Simple as that.

[djm34]

what i see is that the community doesn't understand the whole feeshare mechanics and is getting confused.

feeshare is understood, but the problem is the confusion about the relationship between feeshare and sharecoin, computation was explained in the previous page on how long will you get your ROI , and the dev made a clarification about the 2 different entity, and that this thing was exploited and drive the coin value down, and there are lots of concerns regarding the feeshare that was unasnwered, like the what if's of unsold share during the days they openned it

I think the plan is like this:

Zip want to start an exchange as his main business, he know his own strengths and weaknesses. He know he's not very good to promote his business and make good marketing. He could hire sales representative, but that's probably too expensive. He also know that a strong community around a loved coin can do miracle (see Dodgecoin).

So he was like How can I motivate some cryptocoin community to promote my business?

His idea: built a new cryptocoin community around a new coin (Sharecoin).

But if his community has no rewrd, they will not promote anything.

His second idea: share the profit of the business. (FeeShare)

His idea is good up to there...  but the fixed rate is meaningless (not market driven, not profit driven) the number of share versus BTC is even not realistic.

His second bad idea: letting people mine on a multipool and give them sharecoins on fix rate: again it isn't market driven (which is kind of funny for someone managing a market)

His third bad idea: Getting all the sharecoins, as it will just kill the coin

[PilotofBTC]

I am still a little bit confused about that staking...   
How often should i open my wallet for best profit:

1. Once / week
2. Once / day
3. Keep it open 24 / 7
4. Other

Thanks in advance.

Your PoS won't change. But if it's been a week and you open it, your coin will go to Stake pretty quickly and you won't be able to spend it for an hour or so (52 confirms on the interest). Also, keeping it open helps the network. It doesn't take much CPU at all, so leave it open all the time if you can. Or open it once a week, won't matter wrt interest.

[PilotofBTC]

Strange, I mined on the multipool for 24 hours, and it's been two days already and I didn't receive any coins...

Did you look at your multipool balance on the web site? I'm not sure how often the pool makes it's buys. I guess once a week. The dev can clarify.

The good news is, you will get more share for your hash because the price has dropped about 50%.

[ziplibrary]

This is already in the OP, but looks like many of you missed it or intentionally ignored it: https://sharexcoin.com/fee_shares/about
Before 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.

[PilotofBTC]

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.

here we go again... fixed FeeShares, now fix Sharecoin (anyhow your are getting them for free by "selling" the FeeShare) price on the multipool and in the mean time you will be collecting BTC from the miners how convenient  

Apparently you are missing something here.

The BTC mined is distributed to the Miners at the current ShareCoin price on the exchange.

A BUY order is placed on the exchange at that price at that rate and BTC amount.

The SHARE bought is used to pay double interest to people holding SHARE at the exchange.

[PilotofBTC]

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.

that's why the price is low, because you're managing the process instead of just buying

wtf? The price is the price the market set. It has nothing to do with when the multipool makes it's buy.

[djm34]

This is already in the OP, but looks like many of you missed it or intentionally ignored it: https://sharexcoin.com/fee_shares/about
Before 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 that in this system the sharecoin don't have any value at all.
Holding coins which worth nothing and getting interests on it does not change anything 0 + 20%x0 = 0

[bitcoin carpenter]

This is already in the OP, but looks like many of you missed it or intentionally ignored it: https://sharexcoin.com/fee_shares/about
Before 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?