The currency has other value than feeshares.
So you have to separate the concerns. Feeshares are one thing, sharecoin is a completely separate entity.
Just like the point of dollars is it is LEGAL TENDER in the United States. But the value of a USD still exists outside of the US. So being in the UK, you can still trade dollars and they have the same value as dollars do if you trade in the US. Being in the US doesn't magically make dollars more expensive for you.
Let's say you can buy US bonds with USD, but the returns are horrible. The Treasury says "the whole point of USD is for the country to run, so buy the bonds". Just because they tell you to buy doesn't mean you should. The value of a dollar is NOT lower because the US bonds pay a low rate!
Similarly, the value of a sharecoin should not be low because feeshares pay out at a low rate. You are free to speculate on feeshares going up to 600 satoshi (equal to community coin market cap) if you feel like it! Nobody puts a gun to your head and says you should buy feeshares with your sharecoin. So the value of feeshares and sharecoins is not tied.
Extreme example: if 100,000,000,000 = 1 fee share, then a sharecoin is worthless? Even if sharecoins are bought by the multipool every day at 400 satoshi or more?
So you have to separate the concerns. Feeshares are one thing, sharecoin is a completely separate entity.
Just like the point of dollars is it is LEGAL TENDER in the United States. But the value of a USD still exists outside of the US. So being in the UK, you can still trade dollars and they have the same value as dollars do if you trade in the US. Being in the US doesn't magically make dollars more expensive for you.
Let's say you can buy US bonds with USD, but the returns are horrible. The Treasury says "the whole point of USD is for the country to run, so buy the bonds". Just because they tell you to buy doesn't mean you should. The value of a dollar is NOT lower because the US bonds pay a low rate!
Similarly, the value of a sharecoin should not be low because feeshares pay out at a low rate. You are free to speculate on feeshares going up to 600 satoshi (equal to community coin market cap) if you feel like it! Nobody puts a gun to your head and says you should buy feeshares with your sharecoin. So the value of feeshares and sharecoins is not tied.
Extreme example: if 100,000,000,000 = 1 fee share, then a sharecoin is worthless? Even if sharecoins are bought by the multipool every day at 400 satoshi or more?
You can't compare USD and Sharecoin like that as you can use USD for whatever you want and Sharecoin has no utility at all. Well, it has one: buying Feeshares. But here you are making it a pure speculation coin where buying Feeshares is just not viable. You are missing completely the point of it. You could be doing this with other shitcoins and not with this one and. Good luck with the coin! Will be back if price suffers a correction as I insist, I love the idea and the concept.
Communitycoin has twice the market cap of sharecoin (10x the coins at 60 sat) and it has no feeshares at all. What's the difference between them? Oh yeah, the dev of communitycoin "lost" 20% of the coins and paid out free stakes that were supposed to go to people to his "development team". Yet it's still worth more. Maybe it's because people still believe the dev that those coins are lost and that the supply is only 80% of the total coins in existence?
What about coffeecoin, freebies, energycoin, etc.?
Clearly there are people who have interest in these coins. If feeshares didn't exist, sharecoin would also be worth something.
sharecoin worth a lot of things before feeshare were implemented, feeshare just pull the value of sharecoin down, it is clear to see that the dev is only concern for the feeshare neglecting the sharecoin potential, sad such genius don't see this thing
