Topic: [ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness - page 218. (Read 293232 times)

someone dumped from 500 to 355 satoshis right now.

After simple calculations, if you have 1% sharecoin, and you use it wisely, you will get at least 1%*5%*10=0.5% feeshare after these two steps:
5% (5,000 FEEs) are sold to the publish on May 10, 2014 when ShareXcoin first launched.
45% (45,000 FEEs) will be sold periodly to the public.

It doesn't tempt me to buy feeshares, and I think it will keep down the price of Sharecoins. At least the weakness to this coin has appeared at an early stage.

20000sharecoin can buy 1 fee only

That's right. The total paid amount is fixed.

Well, it is up to them.

I just don't see how the community is going to invest 5605 BTC (at current coin prices) to purchase 50,000 FeeShares and then wait for the exchange to make 112,100 BTC in profit to just break even. For the exchange to make 112,100 BTC in profit with a 1% fee they would need to have a trade volume or 11,210,000 BTC.

Considering there are 12,742,100 BTC (or close to) in existence, it would mean the exchange would need to have the equivilent of 88% of all the bitcoins in existance pass through SharexCoin for the FeeShare investors to make back more money than they would by simply selling the ShareCoins at their current value.

Call me a pessimist but...

That doesn't change anything. If you get payed more times per day you will payed less amount each time than if you were payed only once but total earnings will be the same.

You swap your sharecoins for feeshares and you still get rewarded 30% afterwards? I would expect to receive only revenue from the exchange.
It's like you're selling your house to someone else, but you still keep benefitting from it by receiving rent.
Sorry but this model seems completely off to me.

Yes.  Cost of FreeShares is too damn high!

does this consider that the revenue is paid out every 6 hours?

good point. But I don't think the dev will like it.

If the revenue from a single FeeShare was increased from 0.001% to 0.01% and the number of FeeShares decreased from 100,000 to 10,000, the rough 9am morning maths would look as follows:

Cost to buy 3 FeeShares: 0.3363 BTC
To break even on that investment, the Exchange would need to make 3,630 BTC in profit, or $1,500,000 USD.

Even that still seems quite high but a hell of a lot more realistic.

I genuinely thought the cost of a FeeShare would be nearer to 1000 - 5000 ShareCoins each, with the FeeShares being bought out almost immediately and then appearing on the market allowing the community to effectively decide the value of 5% of the business.

If they were priced at 1000 ShareCoins each, it means that the 50,000 FeeShares available could be bought out by 769 people's shares from the initial distribution (or around half). Some people would place these FeeShares on the market and the value of them would rise and fall depending on how well the exchange is doing, but currently if FeeShares were able to be placed on the exchange markets (and made unavailable from the exchange), I think I'd struggle to sell them at a huge loss.

Anyway, it's all up to the devs, but I think they've made a misjudgment on this one. It will be interesting to see how adaptable they are from their initial plans as I can't see this one working for many people.

chinese will be delete here

you can't reply use Chinese. yours post will be delete!

这句是灌水之王，任何发补贴都适用。

i can't download the block,anyone has the same problem?

Any coin with sincere dev and perfect plan will go to the places.

good luck.

The math is reasonable for me.  So I don't want to buy any Fee at the present rate now.

you know your sharecoin will mint at the rate 30% per year. That will be paid to you as the first part if you deposit your sharecoin in the exchange instead of in your wallet.
The left 30% interest will be paid using the Sharecoin which the dev will get from the FeeShare sale (1Fee=20,000Sharecoins now).

To put it into another perspective:
Cost to buy 3 FeeShares: 0.3363 BTC
To break even on that investment, the Exchange would need to make 33,630 BTC in profit, or $15,000,000 USD.

This doesn't seem realistic to me. The coin's value would need to drop significantly for the FeeShare purchases and then rise significantly for this to be a realistic investment. That's also assuming the exchange grows to become a major player in the cryptocurrency trading market.. and I mean MAJOR.