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

[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

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.

Sorry meant IPOing NEW coins That way everyone has a fair chance and there is no issue of mistrust. Polo does this all the time. Last night they IPOed Limecoin Lite (LCL)

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[btcren]

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.

Sorry meant IPOing NEW coins That way everyone has a fair chance and there is no issue of mistrust. Polo does this all the time. Last night they IPOed Limecoin Lite (LCL)

[Kleinsw]

Interesting, I applied through form on the site. Presentation and website look very nice.
I will continue to pay attention to this thread..

[loveinberlin]

We are on coinmarketcap

85    ShareCoin   $ 87,360   $ 0.000872   100,221,586 SHARE*   $ 8,418   

So glad to see this,  many goods news from sharecoin today .

[PilotofBTC]

Interesting, I applied through form on the site. Presentation and website look very nice.
I will continue to pay attention to this thread..

To late. The giveaway is completed. The only way to get SHARE now is to buy on an exchange.

[PilotofBTC]

Zip... is the initial distribution finished? Soon?

How does this affect it? http://screencast.com/t/T3pMFrhhBr

[AcidReniX]

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.

Not everyone got their coins for free. Some people invest more into the coin using BTC which they got from elsewhere... Myself included. Just because the initial distribution of the coin was completely free, other people are putting resources into mining the multipool, or buying the coins that are being sold.

People have a right to question aspects of the coin, including motives. There is real money on the line and only dumb people go into something blindly without asking questions.

[joekur]

A few days didn't come, how sharecoin price so low?

[PilotofBTC]

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.

Why would you withhold information like that until after the FeeShare sale is closed. If you are paying 30% interest of 20,000 SHARE to FeeShare holders shouldn't people know about that before the offer closes?

[misexegwjz]

Interesting. Let's see how it works out!

[djm34]

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  

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

In terms of revenue (over trading), does the FeeShares pays in BTC or in ShareCoins ?

[AcidReniX]

But then, didn't the multipool pay out through using the FeeShare sale money? If so, what coins are actually generating the interest for FeeShares?

Urg my head hurts.

[djm34]

But then, didn't the multipool pay out through using the FeeShare sale money? If so, what coins are actually generating the interest for FeeShares?

Urg my head hurts.

Don't try to think, it might be fatal with sharecoins/feecoins
(dev is trying to kill people thinking too much... the only way to stop the pain, I found, was to sell out my Sharecoins and get out  )

[ziplibrary]

But then, didn't the multipool pay out through using the FeeShare sale money? If so, what coins are actually generating the interest for FeeShares?

Urg my head hurts.

Multipool was paid with ShareCoin from the FeeShare sale and Bitcoin from Multipool are used to buy ShareCoin, those ShareCoin are distributed back to ShareCoin holder and FeeShare's owner along with other ShareCoin generated from FeeShare sale. It's pretty simple.

[yonghongtang]

Ok, I managed to get ShareCoin on one more exchange voting list

https://www.cryptoaltex.com/index.php?page=votes

I think bigger exchange would be better.
What about bter？

[PilotofBTC]

But then, didn't the multipool pay out through using the FeeShare sale money? If so, what coins are actually generating the interest for FeeShares?

Urg my head hurts.

Yes and yes. The multipool distributes from Exchange help SHARE, then places a BUY order at that price to replace that SHARE back into the Exchanges wallet.

So, the net change of SHARE that the Exchanges holds due to the multi-pool is 0.

[PilotofBTC]

ah ... thats good news.  fee share is going to earn 30% PoS too ...

I don't think that's what he is saying. He is saying the SHARE used to buy FeeShare is what is used to pay the extra interest to ShareCoin holders in the exchange.

[PilotofBTC]

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  

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

In terms of revenue (over trading), does the FeeShares pays in BTC or in ShareCoins ?

BTC.

[Majormax]

We are on coinmarketcap

85    ShareCoin   $ 87,360   $ 0.000872   100,221,586 SHARE*   $ 8,418   

So glad to see this,  many goods news from sharecoin today .

Lol, only 83k$, gotta love this...
The coin can go to 1kk$ in 1-2 months without problem

I think you will find it takes a lot longer than that. Sharecoin is very well conceived and I believe this coin has a decent chance of surviving the mass extinction which is coming.

There will be plenty of supply from the recycled coin used to purchase Feeshares. I will buy some more, but perhaps somewhat lower than the current price.

[yonghongtang]

Ok, I managed to get ShareCoin on one more exchange voting list

https://www.cryptoaltex.com/index.php?page=votes

I think bigger exchange would be better.
What about bter？

I contacted them too, I still wait their answer.

https://www.bittrex.com/Market/Index?MarketName=BTC-SHARE

Bittrex is pretty big too

yes, bittrex is nice, but too many shitcoins are being added here.
let's try to list share on bter, i'd like to help if there is something i can do.