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Vitalogy
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May 12, 2014, 08:47:37 AM |
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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/about50% 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. Wait! Is this a new info? FeeShare earn interest?? By the way, why release important information only after this or after that? Like the price of FeeShare was given after many people invested lot of money in Sharecoins. And now, why not release the details of how interest work now? If we know that FeeShare earn interest too, we will probably buy more FeeShares... |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Kenta
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May 12, 2014, 09:08:43 AM |
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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/about50% 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. Wait! Is this a new info? FeeShare earn interest?? By the way, why release important information only after this or after that? Like the price of FeeShare was given after many people invested lot of money in Sharecoins. And now, why not release the details of how interest work now? If we know that FeeShare earn interest too, we will probably buy more FeeShares... This is fantastic news! For sure, I'll buy more FeeShares now!! FeeShares can probably not be hacked and robbed as easy as the Sharecoin online wallet, am I right? |
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testadimerlo
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May 12, 2014, 09:09:19 AM |
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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/about50% 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? the price of a Cryptsy's feeshare is 0.05 Btc but it gives you the 0,002%. As twice as the 0,001% of one Sharex feeshare. It means that if the price was 0,05 btc for every Sharexcoin feeshare, the right price of a Sharecoin should be 250 sat. Cause every sharex feeshare guarantees the 0,001%, the right price for one feeshare should be around 0,025 Btc, that means 125 sat for every sharecoin... Without to forget that Sharex isn't Cryptsy ( till now) The feeshare/btc market will depends by the volume of sharexcoin market, that means that if there will be the right conditions I could try to sell one feeshare 0,25 Btc Am I on the right way? If I am in the right way, just for understand I would like to know if there is the interest to make sharecoin a high value coin, because I don't see it ( over all I don't see why... it could have a sense with a feeshare/sharecoin market not with a feeshare/bitcoin market) Also, later it will be a gambling site, so other shares... I'd like to understand with your help if there is any sense on increasing the sharecoin stake without buying feeshares and why |
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superresistant
Legendary
 Offline
Activity: 2128
Merit: 1120
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May 12, 2014, 09:15:49 AM |
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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. Wait! Is this a new info? FeeShare earn interest?? By the way, why release important information only after this or after that? Like the price of FeeShare was given after many people invested lot of money in Sharecoins. And now, why not release the details of how interest work now? If we know that FeeShare earn interest too, we will probably buy more FeeShares... Seriously Sharecoin team, you must provide informations before asking people to invest in something. 0.001% of ShareXcoin's profits or 0.001% of ShareXcoin's profits + 60 % interest Is not the same. |
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Globb0
Legendary
Offline
Activity: 2674
Merit: 2053
Free spirit
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May 12, 2014, 09:18:29 AM |
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Agreed and I have finaly got my distribution so tonight when I go home from work I will make a decision on what to do with it (plus the ones I brought)
shares or not shares..... hmmm
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Kenta
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May 12, 2014, 09:20:15 AM |
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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. Wait! Is this a new info? FeeShare earn interest?? By the way, why release important information only after this or after that? Like the price of FeeShare was given after many people invested lot of money in Sharecoins. And now, why not release the details of how interest work now? If we know that FeeShare earn interest too, we will probably buy more FeeShares... Seriously Sharecoin team, you must provide informations before asking people to invest in something. 0.001% of ShareXcoin's profits or 0.001% of ShareXcoin's profits + 60 % interest Is not the same. It's not the same, but it sounds a lot fairer. Is it doable with the current wallet or will it need a hard fork? Where are these new sharecoins coming from? |
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centralminer
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May 12, 2014, 09:27:44 AM |
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any ideia? I already deleted all files in AppData\Roaming\ShareCoin
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ziplibrary (OP)
Member
Offline
Activity: 70
Merit: 10
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May 12, 2014, 09:34:54 AM |
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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. Wait! Is this a new info? FeeShare earn interest?? By the way, why release important information only after this or after that? Like the price of FeeShare was given after many people invested lot of money in Sharecoins. And now, why not release the details of how interest work now? If we know that FeeShare earn interest too, we will probably buy more FeeShares... Seriously Sharecoin team, you must provide informations before asking people to invest in something. 0.001% of ShareXcoin's profits or 0.001% of ShareXcoin's profits + 60 % interest Is not the same. All of these informations are already written here: https://sharexcoin.com/fee_shares/aboutWe didn't ask anybody to invest in anything. I didn't take any BitCoin from anybody, I only take ShareCoin for FeeShare and those ShareCoin was distributed free. All the ShareCoin I took will be re-distributed to the community for free too. |
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familiaverde
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May 12, 2014, 09:38:03 AM |
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We are on coinmarketcap
85 ShareCoin $ 87,360 $ 0.000872 100,221,586 SHARE* $ 8,418
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superresistant
Legendary
Offline
Activity: 2128
Merit: 1120
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May 12, 2014, 09:40:29 AM |
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I know the problem. Go to : C:\ProgramData\boost_interprocess(hidden file) And delete all folders inside. There should be at least one folder with numbers as a name like 1399269053. |
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Globb0
Legendary
Offline
Activity: 2674
Merit: 2053
Free spirit
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May 12, 2014, 09:40:48 AM |
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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. Wait! Is this a new info? FeeShare earn interest?? By the way, why release important information only after this or after that? Like the price of FeeShare was given after many people invested lot of money in Sharecoins. And now, why not release the details of how interest work now? If we know that FeeShare earn interest too, we will probably buy more FeeShares... Seriously Sharecoin team, you must provide informations before asking people to invest in something. 0.001% of ShareXcoin's profits or 0.001% of ShareXcoin's profits + 60 % interest Is not the same. All of these informations are already written here: https://sharexcoin.com/fee_shares/aboutWe didn't ask anybody to invest in anything. I didn't take any BitCoin from anybody, I only take ShareCoin for FeeShare and those ShareCoin was distributed free. All the ShareCoin I took will be re-distributed to the community for free too. So is that a no then? the feeshares do not seem to mention gaining interest on their value in sharecoins |
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iopq
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May 12, 2014, 09:43:52 AM |
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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. Wait! Is this a new info? FeeShare earn interest?? By the way, why release important information only after this or after that? Like the price of FeeShare was given after many people invested lot of money in Sharecoins. And now, why not release the details of how interest work now? If we know that FeeShare earn interest too, we will probably buy more FeeShares... Seriously Sharecoin team, you must provide informations before asking people to invest in something. 0.001% of ShareXcoin's profits or 0.001% of ShareXcoin's profits + 60 % interest Is not the same. All of these informations are already written here: https://sharexcoin.com/fee_shares/aboutWe didn't ask anybody to invest in anything. I didn't take any BitCoin from anybody, I only take ShareCoin for FeeShare and those ShareCoin was distributed free. All the ShareCoin I took will be re-distributed to the community for free too. so keeping 20,000 sharecoins might outperform buying a feeshare in the next year? |
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Kenta
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May 12, 2014, 09:46:46 AM |
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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. Wait! Is this a new info? FeeShare earn interest?? By the way, why release important information only after this or after that? Like the price of FeeShare was given after many people invested lot of money in Sharecoins. And now, why not release the details of how interest work now? If we know that FeeShare earn interest too, we will probably buy more FeeShares... Seriously Sharecoin team, you must provide informations before asking people to invest in something. 0.001% of ShareXcoin's profits or 0.001% of ShareXcoin's profits + 60 % interest Is not the same. All of these informations are already written here: https://sharexcoin.com/fee_shares/aboutWe didn't ask anybody to invest in anything. I didn't take any BitCoin from anybody, I only take ShareCoin for FeeShare and those ShareCoin was distributed free. All the ShareCoin I took will be re-distributed to the community for free too. No?.. I can't see anywhere mentioned that each ShareFee is making the same interest as 20,000 Sharecoins. Could you please be clear about this? I bought another 50 SF based on your statement earlier. |
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ziplibrary (OP)
Member
Offline
Activity: 70
Merit: 10
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May 12, 2014, 09:50:49 AM |
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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. Wait! Is this a new info? FeeShare earn interest?? By the way, why release important information only after this or after that? Like the price of FeeShare was given after many people invested lot of money in Sharecoins. And now, why not release the details of how interest work now? If we know that FeeShare earn interest too, we will probably buy more FeeShares... Seriously Sharecoin team, you must provide informations before asking people to invest in something. 0.001% of ShareXcoin's profits or 0.001% of ShareXcoin's profits + 60 % interest Is not the same. All of these informations are already written here: https://sharexcoin.com/fee_shares/aboutWe didn't ask anybody to invest in anything. I didn't take any BitCoin from anybody, I only take ShareCoin for FeeShare and those ShareCoin was distributed free. All the ShareCoin I took will be re-distributed to the community for free too. No?.. I can't see anywhere mentioned that each ShareFee is making the same interest as 20,000 Sharecoins. Could you please be clear about this? I bought another 50 SF based on your statement earlier. No, FeeShare will never earn the same interest as ShareCoin. ShareCoin will earn 30% interest from staking the coins itself and 30% interest from FeeShare sales. FeeShare will earn 0.001% revenue from the exchange which is paid by Bitcoin and 30% interest from FeeShare sales which is paid by ShareCoin. There will be a detailed announcement about how to earn interest on the page when FeeShare sale closed. |
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turtlerabbit
Newbie
Offline
Activity: 25
Merit: 0
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May 12, 2014, 10:10:08 AM |
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ah ... thats good news. fee share is going to earn 30% PoS too ...
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ruletheworld
Legendary
Offline
Activity: 1386
Merit: 1045
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May 12, 2014, 10:12:25 AM |
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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. Wait! Is this a new info? FeeShare earn interest?? By the way, why release important information only after this or after that? Like the price of FeeShare was given after many people invested lot of money in Sharecoins. And now, why not release the details of how interest work now? If we know that FeeShare earn interest too, we will probably buy more FeeShares... Seriously Sharecoin team, you must provide informations before asking people to invest in something. 0.001% of ShareXcoin's profits or 0.001% of ShareXcoin's profits + 60 % interest Is not the same. All of these informations are already written here: https://sharexcoin.com/fee_shares/aboutWe didn't ask anybody to invest in anything. I didn't take any BitCoin from anybody, I only take ShareCoin for FeeShare and those ShareCoin was distributed free. All the ShareCoin I took will be re-distributed to the community for free too. No?.. I can't see anywhere mentioned that each ShareFee is making the same interest as 20,000 Sharecoins. Could you please be clear about this? I bought another 50 SF based on your statement earlier. No, FeeShare will never earn the same interest as ShareCoin. ShareCoin will earn 30% interest from staking the coins itself and 30% interest from FeeShare sales. FeeShare will earn 0.001% revenue from the exchange which is paid by Bitcoin and 30% interest from FeeShare sales which is paid by ShareCoin. There will be a detailed announcement about how to earn interest on the page when FeeShare sale closed. Look forward to a clear announcement on all the stakes/interests. The details are still a little confusing in my mind |
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AcidReniX
Newbie
Offline
Activity: 23
Merit: 0
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May 12, 2014, 11:43:15 AM |
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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/about50% 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  Not sure if that is a positive or negative post  Well I've had a forum account for a while but never really needed to post anything on these forums. Saw a lot of potential with this coin and then saw some flaws in the FeeShare concept. But I'm learning new information about the coin each time and thought I'd share what I learn. What I just learnt was that FeeShares gain POS interest just like ShareCoins which means that if you're planning to hold ShareCoins for a while, you might as well hold them as FeeShares (the only downside being that you can't sell FeeShares at the moment (and not sure if there are plans to enable it later)). Interesting times with this coin  |
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platorin
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May 12, 2014, 12:28:23 PM |
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To everyone who complains and/or accuses the developer: you got your coins for free. You paid absolutely nothing for them. You will be earning interests and those will not consume any electricity, at least nothing comparing to POW projects.
If you are UNHAPPY because you have received free coins, please send them back to the original address, or have them transfered to my signature address. Otherwise, stop complaining.
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johnasti
Member
Offline
Activity: 119
Merit: 10
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May 12, 2014, 12:32:23 PM |
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can you give me one share
my all btt acount had not got your coin
very sad now
please give me on share
thx dev
SQs4LQDepzhrcTbM7YjWPLb4A6ru1sbP9G
The address can not post thread. Sharecoin has been assigned to complete, so you can go to the platform to buy some sharecoins, and now the price is very cheap. |
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Matory
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May 12, 2014, 01:25:10 PM |
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can you give me one share
my all btt acount had not got your coin
very sad now
please give me on share
thx dev
SQs4LQDepzhrcTbM7YjWPLb4A6ru1sbP9G
The address can not post thread. Sharecoin has been assigned to complete, so you can go to the platform to buy some sharecoins, and now the price is very cheap. If the price now is very-very cheap as you tell - why traders and bagholders cann't make panicbuy?  I answer in this! At 400-410 sat panicbuy break the wall of millions SHAREs  05/12/14 04:55 05/12/14 04:54 05/12/14 04:19 05/12/14 04:14 05/12/14 12:54 05/12/14 12:51 05/12/14 12:51 05/12/14 12:50 05/12/14 12:25 05/12/14 11:31 Last 10 executive orders from sharexcoin.com - 5 sell and 5 buy 2 orders at hour! Nice panicbuy! |
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