[ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness - page 201.

PilotofBTC

legendary

Activity: 1736

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Quote from: djm34 on May 08, 2014, 09:50:12 AM

Quote from: 103deltafox on May 08, 2014, 09:42:59 AM

Quote from: neilh on May 08, 2014, 09:33:27 AM

Quote from: buddynuno on May 08, 2014, 09:00:42 AM

Actually is not in the minority here! Most of the smart grown up people with eyes for business don't just come here and reply to kids that cry that they want their lunch money to make them rich overnight. When in fact this sharecoins were free to most of the kids posting here and should be thankful that they just made a average of 100$ profit from doing nothing!

So again another one who intends on purchasing a lot more
ShareCoins and investing in FeeShares?

Because atm, I'm seeing a few people saying it's good but
plenty still up for sale. And Mr whale who hasn't put his
money where is mouth is, yet?

Exchanges are 2 a penny, it's a crowded market. So right
now it's pure speculative IF in the future the exchange is
successful.

I hope it is, but right now I'm not buying ShareCoins to
invest in FeeShares.

I'll wait and see the btc pairing, and decide what to do,
unless the current offering is changed. This does not
excite me in anyway (for a brand new and unproven
exchange):

20k ShareCoin @ 300 sat = 0.06 btc ($26) for 0.001%

This! Isn't there some way to calculate the expected ROI from freeshares? I am not a mathematician, so this is not my strong suit (although I am holding both Sharecoins and Freeshares *and admit to being totally speculative, but it was free so some long shots in life are worth taking)...but I'm sure someone smarter than me has some formula to figure this out? Even just as a speculatory theory...

20k ShareCoin @ 300 sat = 0.06 btc ($26) for 0.001%
Total Revenue (so far) = ?
0.001% of Revenue = ?
FreeShare value = ? BTC

rough estimate based on share/btc transactions: 2~3BTC so 0.1% fee, gives a profit of 0.003BTC
0.001% of 0.003 = 3sat
edit: forgot it gets paid in Sharecoin so it is 0.01sharecoin

FeeShare earnings are paid in BTC to your ShareXCoin balance.

lucienlu

full member

Activity: 182

Merit: 100

wait share come to my wallet...need time

JeffK

sr. member

Activity: 350

Merit: 250

I never hashed for this...

If I send my SHARE to the exchange now I will start staking at 60% rate or it didn't start yet?

djm34

legendary

Activity: 1400

Merit: 1050

Quote from: Michelle Ferrybtc on May 08, 2014, 11:28:20 AM

Many many sharecoins are at very low price to selling out

It isn't low price... dev said his coin was overpriced Grin

Amph

legendary

Activity: 3248

Merit: 1070

if i'm not mistaken one feeshare should give you 20ks a day if the volume is based on 24 hours

xibeijan

legendary

Activity: 1232

Merit: 1001

Quote from: djm34 on May 08, 2014, 11:25:01 AM

Quote from: PilotofBTC on May 08, 2014, 11:21:39 AM

Quote from: JeffK on May 08, 2014, 06:32:02 AM

Let's see. We need 1 BILLION SHARE to buy the 50K FEECOINS available to the public. There are 100 MILLION SHARES, with the POS rate the coin has, we will never reach it. Basically, they are keeping much mor revenue than what they state too.

Money gets recycled. Did you ever go to a casino and get one of those slots bonus cards? When you first get it you look at it and say, wow, I'll never get even the lowest reward. I'm not gonna gamble $500 in slots on my vacation. But, the truth is that most vegas slots pay you back about 80-90% so you keep pulling. So, that $20 you put in racks up maybe $100 on the reward plan.

The Share will work the same. The SHARE used to buy FeeShares is given back to ShareXCoin members in the form on interest. The Dev isn't keeping ANY of that. Also, the multipool earnings are used to buy sharecoin on the exchange and distributed to the multi-pool members.

So, that money will recycle back and forth, and it is possible to buy more than 5000 fee shares with 100,000,000 SHARE.

Will it take a while? Yes. Is it possible? Yes.

I must be braindead to not see that... Shocked

One thing is sure though: I didn't stay long enough in Las Vegas, I could have been rich by now

Not very good odds. FreeShares are not profitable. SHARE is overpriced. time to watch from sidelines

Michelle Ferrybtc

newbie

Activity: 21

Merit: 0

Many many sharecoins are at very low price to selling out

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: jibble on May 08, 2014, 07:12:40 AM

Quote from: Nxtblg on May 08, 2014, 07:10:41 AM

Quote from: DougB62 on May 08, 2014, 07:08:00 AM

Quote from: newegggo on May 08, 2014, 07:06:40 AM

if none of share holders buy feeshare, what will happen?

Um... Dev gets all of the profit then, instead of paying a percentage out to holders.

Yep. And Sharecoin will have value based upon other factors, like the forthcoming gambling Website and the buying pressure from the multipool.

there will be zero buying pressure from the multipool. the sharecoin made from selling the fee shares will be used for multipool earnings at current market value, it will be off the books

Nope. Not according to the FeeShare Info page. Did you guys read it?

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: newegggo on May 08, 2014, 07:06:40 AM

if none of share holders buy feeshare, what will happen?

The exchange will maintain 100% of the revenue. That said, 131 FeeShares have already been sold.

djm34

legendary

Activity: 1400

Merit: 1050

Quote from: PilotofBTC on May 08, 2014, 11:21:39 AM

Quote from: JeffK on May 08, 2014, 06:32:02 AM

Let's see. We need 1 BILLION SHARE to buy the 50K FEECOINS available to the public. There are 100 MILLION SHARES, with the POS rate the coin has, we will never reach it. Basically, they are keeping much mor revenue than what they state too.

Money gets recycled. Did you ever go to a casino and get one of those slots bonus cards? When you first get it you look at it and say, wow, I'll never get even the lowest reward. I'm not gonna gamble $500 in slots on my vacation. But, the truth is that most vegas slots pay you back about 80-90% so you keep pulling. So, that $20 you put in racks up maybe $100 on the reward plan.

The Share will work the same. The SHARE used to buy FeeShares is given back to ShareXCoin members in the form on interest. The Dev isn't keeping ANY of that. Also, the multipool earnings are used to buy sharecoin on the exchange and distributed to the multi-pool members.

So, that money will recycle back and forth, and it is possible to buy more than 5000 fee shares with 100,000,000 SHARE.

Will it take a while? Yes. Is it possible? Yes.

I must be braindead to not see that... Shocked

One thing is sure though: I didn't stay long enough in Las Vegas, I could have been rich by now

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: AcidReniX on May 08, 2014, 06:51:24 AM

Here's a summary of the issues:

1) We need tradeable FeeShares.

2) We need a lower price on FeeShares or ShareCoins need to devalue before FeeShares become viable (something no one here wants).

3) We need to address how the ShareCoins used for purchasing FeeShares are going back into the system (in detail).

1. The dev has stated multiple times after the FeeShare IPO closes there will be a FEE/BTC market.

2. Not gonna happen.

3. It is all spelled out on the info page. The SHARE coin used to buy FeeShares is given back to ShareXCoin members holding SHARE there in the form on interest.

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: JeffK on May 08, 2014, 06:32:02 AM

Let's see. We need 1 BILLION SHARE to buy the 50K FEECOINS available to the public. There are 100 MILLION SHARES, with the POS rate the coin has, we will never reach it. Basically, they are keeping much mor revenue than what they state too.

Money gets recycled. Did you ever go to a casino and get one of those slots bonus cards? When you first get it you look at it and say, wow, I'll never get even the lowest reward. I'm not gonna gamble $500 in slots on my vacation. But, the truth is that most vegas slots pay you back about 80-90% so you keep pulling. So, that $20 you put in racks up maybe $100 on the reward plan.

The Share will work the same. The SHARE used to buy FeeShares is given back to ShareXCoin members in the form on interest. The Dev isn't keeping ANY of that. Also, the multipool earnings are used to buy sharecoin on the exchange and distributed to the multi-pool members.

So, that money will recycle back and forth, and it is possible to buy more than 5000 fee shares with 100,000,000 SHARE.

Will it take a while? Yes. Is it possible? Yes.

scott0577

hero member

Activity: 560

Merit: 500

Could somebody send me 1 sharecoin to test my wallet please address in my sig.Thank you

MickeNorsk

full member

Activity: 126

Merit: 100

Quote from: ziplibrary on May 08, 2014, 11:12:27 AM

Quote from: elcoco on May 08, 2014, 10:47:49 AM

Quote from: PilotofBTC on May 08, 2014, 10:47:00 AM

Quote from: littlewizard on May 08, 2014, 01:54:16 AM

Quote from: ziplibrary on May 08, 2014, 01:20:36 AM

Quote from: .cryptic. on May 08, 2014, 12:59:03 AM

Quote from: ziplibrary on May 08, 2014, 12:15:55 AM

No, FeeShare sale will close 3 days after all ShareCoin are distributed, given everyone a chance to get their hand on FeeShare.

Whats the plan for the unsold shares?
Also in an unlikely event, if not enough share are sold, how will you generate the 2XPOS for exchange coins and pay out the multipool?

I wrote all about it here: https://sharexcoin.com/fee_shares/about

Hi Zip, the exchange site looks very good to me, there is one thing i worry:
the exchange fee is 1%, is it too high?
Because I see a lot of exchange, such as btc-e, mintpal, cryptsy all have fee of around 0.1-0.2%.

It's .1%. Just try it. I put in a test buy which was .035 BTC, the Fee was listed as .000035 which is .1% of the buy price.

yeah, that just a typo I think, unless they are planning on changing it.

Yes it was a typo, I fixed it.

I have some questions, please answer as it's the only things I'm concerned about.
The info says this:

"FeeShares can only be purchased by ShareCoin. ShareCoins generated from selling FeeShares will be disitrbuted back to the public, free of charge.

ShareCoin are distributed to the Multipool's miners at the current market price. As the ShareCoin are taken from the FeeShares sell, this won't affect the market price. Threrefore, miners are getting ShareCoin at the best rate available."

Does that mean the btc generated by the multipool will count as profit to ShareXCoin, since you actually don't use it to buy?

If that's correct, then please answer this:
Will a feeshare generate from the profit that the multipool mines?

If that's correct, then I see feeshare as a viable investment.

ziplibrary

member

Activity: 70

Merit: 10

Quote from: elcoco on May 08, 2014, 10:47:49 AM

Quote from: PilotofBTC on May 08, 2014, 10:47:00 AM

Quote from: littlewizard on May 08, 2014, 01:54:16 AM

Quote from: ziplibrary on May 08, 2014, 01:20:36 AM

Quote from: .cryptic. on May 08, 2014, 12:59:03 AM

Quote from: ziplibrary on May 08, 2014, 12:15:55 AM

No, FeeShare sale will close 3 days after all ShareCoin are distributed, given everyone a chance to get their hand on FeeShare.

Whats the plan for the unsold shares?
Also in an unlikely event, if not enough share are sold, how will you generate the 2XPOS for exchange coins and pay out the multipool?

I wrote all about it here: https://sharexcoin.com/fee_shares/about

Hi Zip, the exchange site looks very good to me, there is one thing i worry:
the exchange fee is 1%, is it too high?
Because I see a lot of exchange, such as btc-e, mintpal, cryptsy all have fee of around 0.1-0.2%.

It's .1%. Just try it. I put in a test buy which was .035 BTC, the Fee was listed as .000035 which is .1% of the buy price.

yeah, that just a typo I think, unless they are planning on changing it.

Yes it was a typo, I fixed it.

xibeijan

legendary

Activity: 1232

Merit: 1001

Quote from: AcidReniX on May 08, 2014, 11:02:44 AM

Quote from: ziplibrary on May 08, 2014, 10:28:25 AM

Guys. The plan is to share 50% revenue from the exchange to the conmmunity, free of charge. The detailed plan about it is already written here: https://sharexcoin.com/fee_shares/about Try to read it first before making any argument. I am not changing the price so don't ask me to. This thing was carefully planned long time ago it's not just a random decission. It's just that the price of ShareCoin shot up too high, which we didn't expected.
One more thing we didn't expect is that the exchange already got the daily trading volume of: 20 BTC in just 2 days. Even though the exchange is just in beta mode.

Can not answer all you questions in this thread right now. I'll go through all of your questions and answer later. If you have a serious issue regarding the exchange. just open a ticket here: https://sharexcoin.zendesk.com/

Well that answers that! The maths do not add up to make FeeShares a viable investment for anyone who didn't get coins for free in the initial distribution, and even those who did, they get the choice of dumping their coins to make 0.2 BTC, or they can get 3 FeeShares and wait for the exchange to start pulling in 2000 BTC profit just to break even. I don't know how long it will take SharexCoin to make $882,100 profit, but I imagine it's going to be quite a while.

Glad im not the only one who sees this.

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: ziplibrary on May 08, 2014, 10:28:25 AM

Guys. The plan is to share 50% revenue from the exchange to the conmmunity, free of charge. The detailed plan about it is already written here: https://sharexcoin.com/fee_shares/about Try to read it first before making any argument. I am not changing the price so don't ask me to. This thing was carefully planned long time ago it's not just a random decission. It's just that the price of ShareCoin shot up too high, which we didn't expected.
One more thing we didn't expect is that the exchange already got the daily trading volume of: 20 BTC in just 2 days. Even though the exchange is just in beta mode.

Can not answer all you questions in this thread right now. I'll go through all of your questions and answer later. If you have a serious issue regarding the exchange. just open a ticket here: https://sharexcoin.zendesk.com/

im lost here..., how could be that 50% of the revenue free of charge?, first ok people got the coin free but one argument there is with all the free coins how much share would it cover? at 20k per 1 share of 50,000 share total (total coins is 100m) unless a certain thing is true

Quote from: wangfuqiang on May 06, 2014, 12:45:53 AM

Quote from: skyyyy on May 06, 2014, 12:41:03 AM

ShareCoin - Share

ShareCoin is a pure PoS coin which generates coins through PoS blocks. Except the first block where it generates the initial 100 million coins, no PoW mining will get any coins. The 1 billion coins will be distributed equally to 1000 individuals with 100,000 coin each, completely free.

Equal distribution to the WHOLE share. Each person gets 100,000 coins. Dev team gets total 1 million coin! It is the share coin! While the dev team will maintain and enhance the code and fix any issues, it is the community which will promote and market the coin.

ShareCoin also adopts a variable PoS rate with the following annual interest rate: Year-1: 30% Year-2: 20% Year-3: 10% Year-4: 5% Year-5: 2% Starting from Year-6: 1% annual interest for maintnance.

60 sec block time
diff retarget each block
3 transaction confirmations
50 minted block confirmations
PoS block generation after 1 day of holding
Zero Premine.

Ports: connection: 22701 RPC: 22702

#ziplibrary
May I know the total is 100 million or 1 billion?

that above computation is calculated under 1 billion coins or else it should be 5,000 feeshare and a total of 10k together with the owner's share

note: else if zip will correct his post and say 5% of the revenue instead of that 50%

AcidReniX

newbie

Activity: 23

Merit: 0

Quote from: ziplibrary on May 08, 2014, 10:28:25 AM

Guys. The plan is to share 50% revenue from the exchange to the conmmunity, free of charge. The detailed plan about it is already written here: https://sharexcoin.com/fee_shares/about Try to read it first before making any argument. I am not changing the price so don't ask me to. This thing was carefully planned long time ago it's not just a random decission. It's just that the price of ShareCoin shot up too high, which we didn't expected.
One more thing we didn't expect is that the exchange already got the daily trading volume of: 20 BTC in just 2 days. Even though the exchange is just in beta mode.

Can not answer all you questions in this thread right now. I'll go through all of your questions and answer later. If you have a serious issue regarding the exchange. just open a ticket here: https://sharexcoin.zendesk.com/

Well that answers that! The maths do not add up to make FeeShares a viable investment for anyone who didn't get coins for free in the initial distribution, and even those who did, they get the choice of dumping their coins to make 0.2 BTC, or they can get 3 FeeShares and wait for the exchange to start pulling in 2000 BTC profit just to break even. I don't know how long it will take SharexCoin to make $882,100 profit, but I imagine it's going to be quite a while.

xibeijan

legendary

Activity: 1232

Merit: 1001

Quote from: neilh on May 08, 2014, 10:56:06 AM

Quote from: xibeijan on May 08, 2014, 10:44:15 AM

Quote from: ziplibrary on May 08, 2014, 10:28:25 AM

Guys. The plan is to share 50% revenue from the exchange to the conmmunity, free of charge. The detailed plan about it is already written here: https://sharexcoin.com/fee_shares/about Try to read it first before making any argument. I am not changing the price so don't ask me to. This thing was carefully planned long time ago it's not just a random decission. It's just that the price of ShareCoin shot up too high, which we didn't expected.
One more thing we didn't expect is that the exchange already got the daily trading volume of: 20 BTC in just 2 days. Even though the exchange is just in beta mode.

Can not answer all you questions in this thread right now. I'll go through all of your questions and answer later. If you have a serious issue regarding the exchange. just open a ticket here: https://sharexcoin.zendesk.com/

That's what I thought... price is too damn high.

I don't see that, if you look at COMM coin it's currently trading
on mintpal for 65 sat with a money supply of 800 million.

ShareCoin only 100M, which is also tied to it's own exchange!

COMM is worth about 8x less than SHARE and has 8x more coins. about the same price as an establish coin...

This tells me that SHARE is overpriced at such an early stage, in agreement with the developer who also noticed that "the price of ShareCoin shot up too high".

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: Majormax on May 08, 2014, 04:30:53 AM

Quote from: xibeijan on May 08, 2014, 04:27:44 AM

excessively expensive FreeShares price spooked market.

Yes, also the structure of the fees/interest. It is very clearly a grab for excess profit by the dev. at too early a stage.

Up until now, the dev. seemed to have a clear plan and good business sense. I think the feeshare details were something of a misjudgment.

I'm not sure why you say this. ALL the SHARE spent on FeeShares is going back to SharexCoin members in the form on interest on their SHARE deposits.

Topic: [ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness - page 201. (Read 293232 times)