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

[zangokoon]

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.

To be honest, I don't want to spread FUD. I am a rational man.
100,000 fee shares exist.
Suppose each fee share worth 0.05 btc, that corresponds to a market cap of 5000 btc
Look at cryptomarket cap. This makes feeshare to the top 20, between #18 and #19.

How much trade does it require to make 5000 btc by an exchange?

With trading fee of 0.1%, we need 5,000,000 btc trading, suppose we have the volume of 500 btc, we need 10,000 days, more than 25 years (a optimistic estimation, because there are so many exchange sites, sharex may only get 100 btc volume for a while, another concern is few exchange can exist for a long time, see Gox and coinex).

Input/return is too small for such an investment.

By the way, IMHO, making feeshare/Btc market is not a good idea for an exchange site at an age of only 1 week (Ponzi?).
Focus on how to improve the exchange, promote the sharecoin is the importance.

quite rational analysis

[1714488169]

1714488169

[1714488169]

1714488169

[775011934]

Ok,
All of  the coins are almost paid out: 0 days 0 hours left   for the last person.
72 hours from now FeeShare and ShareCoin will start paying interest. Also FeeShare/BTC market will be opened

You said FeeShare can only be bought by ShareCoin, then FeeShare can be bought by BTC?

[uiunavie]

Guys, I'm not against the community. If holding ShareCoin would be more profitable for you guys, just do it. I don't force you to buy FeeShare or want to say any bad thing about ShareCoin. I was just pointing out the truth about Crypto Currencies.
But guys, rememeber: The relationship between ShareCoin and FeeShare will stay the same no matter what, FeeShare can only be purchased by ShareCoin and price between FeeShare/ShareCoin will never change even if ShareCoin only worth 1 satoshi or worth nothing at all. The good thing is: nobody will be left holding something that has no value, which happened to a lot of coins lately.

[Vivian2208]

I find it from the platform called ShareXcoin.Is anybody know something about the platform?And the same name coin..

[milan74]

Guys, I'm not against the community. If holding ShareCoin would be more profitable for you guys, just do it. I don't force you to buy FeeShare or want to say any bad thing about ShareCoin. I was just pointing out the truth about Crypto Currencies.
But guys, rememeber: The relationship between ShareCoin and FeeShare will stay the same no matter what, FeeShare can only be purchased by ShareCoin and price between FeeShare/ShareCoin will never change even if ShareCoin only worth 1 satoshi or worth nothing at all. The good thing is: nobody will be left holding something that has no value, which happened to a lot of coins lately.

Words eaten
Is it because little feeshare sold through sharecoin?
IMHO the exchange owner is in a hurry, to make some fast money.
I hope i am wrong.

[ziplibrary]

Guys, I'm not against the community. If holding ShareCoin would be more profitable for you guys, just do it. I don't force you to buy FeeShare or want to say any bad thing about ShareCoin. I was just pointing out the truth about Crypto Currencies.
But guys, rememeber: The relationship between ShareCoin and FeeShare will stay the same no matter what, FeeShare can only be purchased by ShareCoin and price between FeeShare/ShareCoin will never change even if ShareCoin only worth 1 satoshi or worth nothing at all. The good thing is: nobody will be left holding something that has no value, which happened to a lot of coins lately.

Words eaten
Is it because little feeshare sold through sharecoin?
IMHO the exchange owner is in a hurry, to make some fast money.
I hope i am wrong.

FeeShare can only be purchased by ShareCoin directly from the exchange owner. But no FeeShare will be available to be purchased by BitCoin from the exchange owner. The FeeShares trading in the market pair FEE_BTC are those that have been released through ShareCoin. None of the unreleased FeeShare are trading on the FEE_BTC market.

[ziplibrary]

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.

To be honest, I don't want to spread FUD. I am a rational man.
100,000 fee shares exist.
Suppose each fee share worth 0.05 btc, that corresponds to a market cap of 5000 btc
Look at cryptomarket cap. This makes feeshare to the top 20, between #18 and #19.

How much trade does it require to make 5000 btc by an exchange?

With trading fee of 0.1%, we need 5,000,000 btc trading, suppose we have the volume of 500 btc, we need 10,000 days, more than 25 years (a optimistic estimation, because there are so many exchange sites, sharex may only get 100 btc volume for a while, another concern is few exchange can exist for a long time, see Gox and coinex).

Input/return is too small for such an investment.

By the way, IMHO, making feeshare/Btc market is not a good idea for an exchange site at an age of only 1 week (Ponzi?).
Focus on how to improve the exchange, promote the sharecoin is the importance.

You must understand the re-distribution of ShareCoin first, you can read it here: https://sharexcoin.com/fee_shares/about
50% of the revenues from ShareXcoin are given to the community for free. But it's doesn't happen in an instant.
ShareCoins generated from FeeShare are re-distributed directly to ShareCoin holder through exchange's interest rate.
All FeeShares are sold at a fixed rate: 20,000 ShareCoin per FeeShare. This rate will never change.
All existed ShareCoin need to circulate 10 times for all FeeShare to be purchased.
So basically, the exchange is now valued at 10 times less than your calculation.

[uiunavie]

Guys, I'm not against the community. If holding ShareCoin would be more profitable for you guys, just do it. I don't force you to buy FeeShare or want to say any bad thing about ShareCoin. I was just pointing out the truth about Crypto Currencies.
But guys, rememeber: The relationship between ShareCoin and FeeShare will stay the same no matter what, FeeShare can only be purchased by ShareCoin and price between FeeShare/ShareCoin will never change even if ShareCoin only worth 1 satoshi or worth nothing at all. The good thing is: nobody will be left holding something that has no value, which happened to a lot of coins lately.

Words eaten
Is it because little feeshare sold through sharecoin?
IMHO the exchange owner is in a hurry, to make some fast money.
I hope i am wrong.

FeeShare can only be purchased by ShareCoin directly from the exchange owner. But no FeeShare will be available to be purchased by BitCoin from the exchange owner. The FeeShares trading in the market pair FEE_BTC are those that have been released through ShareCoin. None of the unreleased FeeShare are trading on the FEE_BTC market.

HEHE.Through this,you are Keep devaluing sharecoin,Good job Dev.No one will have a motivation to place a buy order（match 20000sharecoin/1feeshare）to buy your fucking feeshare.

[unhooked]

Bottom line. Sharecoin exchange is very very good for a new exchange. Everything is quick. I do think Dev should increase the BTC fee to 0.15% or atleast say 0.10% as a promotion and then increase to 0.15%

The Exchange needs to make money for the Feeshare concept to take off which in turn will cause the SHarecoin price to go up. Also start a voting tab and eventually a BTC donation tab but give more votes than Mintpal.

I love the sharecoin idea and would like to see this coin succeed. Also like the other poster said, base all you calculations for now on a 500BTC volume. Also a lot peeps are now IPOing via an Exchange. That should also help drive traffic.

Just my 2 cents

[getmining.info]

Also like the other poster said

That's the dev behind it all

[ziplibrary]

Bottom line. Sharecoin exchange is very very good for a new exchange. Everything is quick. I do think Dev should increase the BTC fee to 0.15% or atleast say 0.10% as a promotion and then increase to 0.15%

The Exchange needs to make money for the Feeshare concept to take off which in turn will cause the SHarecoin price to go up. Also start a voting tab and eventually a BTC donation tab but give more votes than Mintpal.

I love the sharecoin idea and would like to see this coin succeed. Also like the other poster said, base all you calculations for now on a 500BTC volume. Also a lot peeps are now IPOing via an Exchange. That should also help drive traffic.

Just my 2 cents

I don't see any of the ShareCoin, FeeShare is an IPO. I'm not taking any of your BitCoin. All ShareCoin are given out for free. Then 5% FeeShare are sold at 20,000 ShareCoin per FeeShare. Those Coin will then be redistributed to ShareCoin holder until all 50% of FeeShare are distributed, which mean that FeeShares are also free.

[Majormax]

What causes low price fast sharecoin.

Dev fucked up.
Why even coffeecoin was added on Bittrex,but we can't.

Well, maybe the dev is right, or maybe wrong.. time will tell.  What this does show, however is the weakness of the community.


People are simply complaining and not acting. The community doesn't need the dev. , it can organize most things on its own, if there is enough will and talent. This seems to be lacking atm, but maybe it is just hidden.

[AcidReniX]

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.

To be honest, I don't want to spread FUD. I am a rational man.
100,000 fee shares exist.
Suppose each fee share worth 0.05 btc, that corresponds to a market cap of 5000 btc
Look at cryptomarket cap. This makes feeshare to the top 20, between #18 and #19.

How much trade does it require to make 5000 btc by an exchange?

With trading fee of 0.1%, we need 5,000,000 btc trading, suppose we have the volume of 500 btc, we need 10,000 days, more than 25 years (a optimistic estimation, because there are so many exchange sites, sharex may only get 100 btc volume for a while, another concern is few exchange can exist for a long time, see Gox and coinex).

Input/return is too small for such an investment.

By the way, IMHO, making feeshare/Btc market is not a good idea for an exchange site at an age of only 1 week (Ponzi?).
Focus on how to improve the exchange, promote the sharecoin is the importance.

You must understand the re-distribution of ShareCoin first, you can read it here: https://sharexcoin.com/fee_shares/about
50% of the revenues from ShareXcoin are given to the community for free. But it's doesn't happen in an instant.
ShareCoins generated from FeeShare are re-distributed directly to ShareCoin holder through exchange's interest rate.
All FeeShares are sold at a fixed rate: 20,000 ShareCoin per FeeShare. This rate will never change.
All existed ShareCoin need to circulate 10 times for all FeeShare to be purchased.
So basically, the exchange is now valued at 10 times less than your calculation.

so if someone owns 1 FeeShare, they will get the same interest that someone would have for 20,000 ShareCoins stored in the exchange?
so they get 12,000 ShareCoins in a year (for the first year)?

So 12,000 SHARE + 0.001% of ShareXcoin's profits?

[ziplibrary]

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.

To be honest, I don't want to spread FUD. I am a rational man.
100,000 fee shares exist.
Suppose each fee share worth 0.05 btc, that corresponds to a market cap of 5000 btc
Look at cryptomarket cap. This makes feeshare to the top 20, between #18 and #19.

How much trade does it require to make 5000 btc by an exchange?

With trading fee of 0.1%, we need 5,000,000 btc trading, suppose we have the volume of 500 btc, we need 10,000 days, more than 25 years (a optimistic estimation, because there are so many exchange sites, sharex may only get 100 btc volume for a while, another concern is few exchange can exist for a long time, see Gox and coinex).

Input/return is too small for such an investment.

By the way, IMHO, making feeshare/Btc market is not a good idea for an exchange site at an age of only 1 week (Ponzi?).
Focus on how to improve the exchange, promote the sharecoin is the importance.

You must understand the re-distribution of ShareCoin first, you can read it here: https://sharexcoin.com/fee_shares/about
50% of the revenues from ShareXcoin are given to the community for free. But it's doesn't happen in an instant.
ShareCoins generated from FeeShare are re-distributed directly to ShareCoin holder through exchange's interest rate.
All FeeShares are sold at a fixed rate: 20,000 ShareCoin per FeeShare. This rate will never change.
All existed ShareCoin need to circulate 10 times for all FeeShare to be purchased.
So basically, the exchange is now valued at 10 times less than your calculation.

so if someone owns 1 FeeShare, they will get the same interest that someone would have for 20,000 ShareCoins stored in the exchange?
so they get 12,000 ShareCoins in a year (for the first year)?

So 12,000 SHARE + 0.001% of ShareXcoin's profits?

Yes, basically it is calculated like that. A detailed and official announcement about how interest are paid will be published in 3 days after FeeShare sale closed.

[danzek]

such a hot coin ,fly to the moon!

[coinman787]

it's still in low price,come on sharecoin

[iopq]

is the voting page loading slow for anyone on mintpal? I have to refresh many times to get all the coins to load

[herecoming]

is the voting page loading slow for anyone on mintpal? I have to refresh many times to get all the coins to load

It's working fine for me.

[overthetop2011]

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.

To be honest, I don't want to spread FUD. I am a rational man.
100,000 fee shares exist.
Suppose each fee share worth 0.05 btc, that corresponds to a market cap of 5000 btc
Look at cryptomarket cap. This makes feeshare to the top 20, between #18 and #19.

How much trade does it require to make 5000 btc by an exchange?

With trading fee of 0.1%, we need 5,000,000 btc trading, suppose we have the volume of 500 btc, we need 10,000 days, more than 25 years (a optimistic estimation, because there are so many exchange sites, sharex may only get 100 btc volume for a while, another concern is few exchange can exist for a long time, see Gox and coinex).

Input/return is too small for such an investment.

By the way, IMHO, making feeshare/Btc market is not a good idea for an exchange site at an age of only 1 week (Ponzi?).
Focus on how to improve the exchange, promote the sharecoin is the importance.

Exactly!

[ZPserge]

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.

To be honest, I don't want to spread FUD. I am a rational man.
100,000 fee shares exist.
Suppose each fee share worth 0.05 btc, that corresponds to a market cap of 5000 btc
Look at cryptomarket cap. This makes feeshare to the top 20, between #18 and #19.

How much trade does it require to make 5000 btc by an exchange?

With trading fee of 0.1%, we need 5,000,000 btc trading, suppose we have the volume of 500 btc, we need 10,000 days, more than 25 years (a optimistic estimation, because there are so many exchange sites, sharex may only get 100 btc volume for a while, another concern is few exchange can exist for a long time, see Gox and coinex).

Input/return is too small for such an investment.

By the way, IMHO, making feeshare/Btc market is not a good idea for an exchange site at an age of only 1 week (Ponzi?).
Focus on how to improve the exchange, promote the sharecoin is the importance.

You must understand the re-distribution of ShareCoin first, you can read it here: https://sharexcoin.com/fee_shares/about
50% of the revenues from ShareXcoin are given to the community for free. But it's doesn't happen in an instant.
ShareCoins generated from FeeShare are re-distributed directly to ShareCoin holder through exchange's interest rate.
All FeeShares are sold at a fixed rate: 20,000 ShareCoin per FeeShare. This rate will never change.
All existed ShareCoin need to circulate 10 times for all FeeShare to be purchased.
So basically, the exchange is now valued at 10 times less than your calculation.

so if someone owns 1 FeeShare, they will get the same interest that someone would have for 20,000 ShareCoins stored in the exchange?
so they get 12,000 ShareCoins in a year (for the first year)?

So 12,000 SHARE + 0.001% of ShareXcoin's profits?

interesting mathematics, that's only user AcidReniX wrote 18 posts (of 19 total) in this thread