Topic: [ANN][SHARE]ShareCoin - Pure POS - The only coin backed up by a real bussiness - page 261. (Read 293232 times)

Quote from: PilotofBTC on May 06, 2014, 10:34:12 AM

Quote from: evi_stale on May 06, 2014, 10:40:27 AM

this coin confuses me...

I typically make money fro mining a coin and selling it...

I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party.

why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition

Huh

Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins.

The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin.

hth.

It is misleading to call it 'Interest'. Better to say 'Reward' (for holding coins and maintaining the network with your wallet open).

Stake is paid only when the wallet is open, it is the act of creating new blocks and keeping the network live.

i receive payment even if the wallet is closed

You can certainly get a payment without your wallet being opened. But, if your wallet is closed you aren't maintaining the network so you won't get your "interest" or "reward" if you prefer. This is a peer-to-peer coin, there are no miners to verify transactions, so stake holders with their wallets open do that. This is why you get a reward. Because you are helping verify transactions.

actually i receive stake reward even if the wallet is closed, just open it for 5 min a day to confirm the stake and your are done

That's not my understanding. Can you please link to your stake reward in the blockchain that you received?

djm34

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Activity: 1400

Merit: 1050

Quote from: djm34 on May 06, 2014, 10:37:10 AM

Quote from: niki25 on May 06, 2014, 11:01:11 AM

WHY ARE YOU VOTING ON MINTPAL?

There is currently not enough volume. Getting the coin listed too soon on Mintpal will kill it's value. By the way we're gonna have an on exchange.

The ones who (many not all) want's it too be listed quickly on Mintpal andother big exchanges only want to be able to dumb it there. Take a lesson from Communitycoin and many otehr coins that suffered from being added quickly to big exchanges.

Are you planning to do your whining for all the coins you own Grin

Are you dumping all your coins that you have received for free Angry

unlike you (and since it is what you did with COMM): no
Furthermore it takes 2 weeks to get into mintpal so it isn't for now (voting or no voting)
And you won't get any big volume on small exchange (hence your argument against mintpal is kind of flawed),
and the big diff with COMM is that it was on mintpal before the distribution was over which isn't the case for
sharecoin.

GreenDude

hero member

Activity: 531

Merit: 500

voted on mintpal. Come on guys... vote!

wantrepreneur

full member

Activity: 147

Merit: 100

thanks to whoever keeps dumping on swaphole Cool

building SHARE stash->

Amph

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Activity: 3248

Merit: 1070

Quote from: Amph on May 06, 2014, 10:58:23 AM

Quote from: PilotofBTC on May 06, 2014, 10:54:54 AM

Quote from: PilotofBTC on May 06, 2014, 10:34:12 AM

Quote from: Amph on May 06, 2014, 10:58:23 AM

this coin confuses me...

I typically make money fro mining a coin and selling it...

I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party.

why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition

Huh

Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins.

The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin.

hth.

It is misleading to call it 'Interest'. Better to say 'Reward' (for holding coins and maintaining the network with your wallet open).

Stake is paid only when the wallet is open, it is the act of creating new blocks and keeping the network live.

i receive payment even if the wallet is closed

You can certainly get a payment without your wallet being opened. But, if your wallet is closed you aren't maintaining the network so you won't get your "interest" or "reward" if you prefer. This is a peer-to-peer coin, there are no miners to verify transactions, so stake holders with their wallets open do that. This is why you get a reward. Because you are helping verify transactions.

actually i receive stake reward even if the wallet is closed, just open it for 5 min a day to confirm the stake and your are done

Is there something needed to start minting pos?, i kept my wallet open but i dindt get any

i'm not talking about share coin, as i don't have any, my references were for other pos

anyway just unlock your wallet and your are ok

niki25

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Activity: 1036

Merit: 1000

Quote from: PilotofBTC on May 06, 2014, 10:54:54 AM

Quote from: PilotofBTC on May 06, 2014, 10:34:12 AM

this coin confuses me...

I typically make money fro mining a coin and selling it...

I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party.

why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition

Huh

Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins.

The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin.

hth.

It is misleading to call it 'Interest'. Better to say 'Reward' (for holding coins and maintaining the network with your wallet open).

Stake is paid only when the wallet is open, it is the act of creating new blocks and keeping the network live.

i receive payment even if the wallet is closed

You can certainly get a payment without your wallet being opened. But, if your wallet is closed you aren't maintaining the network so you won't get your "interest" or "reward" if you prefer. This is a peer-to-peer coin, there are no miners to verify transactions, so stake holders with their wallets open do that. This is why you get a reward. Because you are helping verify transactions.

actually i receive stake reward even if the wallet is closed, just open it for 5 min a day to confirm the stake and your are done

Is there something needed to start minting pos?, i kept my wallet open but i dindt get any

lionheart78

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Activity: 2954

Merit: 1153

Quote from: PilotofBTC on May 06, 2014, 10:54:54 AM

WHY ARE YOU VOTING ON MINTPAL?

There is currently not enough volume. Getting the coin listed too soon on Mintpal will kill it's value. By the way we're gonna have an on exchange.

The ones who (many not all) want's it too be listed quickly on Mintpal andother big exchanges only want to be able to dumb it there. Take a lesson from Communitycoin and many otehr coins that suffered from being added quickly to big exchanges.

lol as if voting in mintpal is like magic that with just 1 day vote you can get listed, unless you pay a large sum of BTC, and it is better to build a foundation on vote counts in mintpal as early as possible for if the community and dev dont want to spend large sum of money, it will take weeks or months to be in top 10

Majormax

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Activity: 2534

Merit: 1129

You can certainly get a payment without your wallet being opened. But, if your wallet is closed you aren't maintaining the network so you won't get your "interest" or "reward" if you prefer. This is a peer-to-peer coin, there are no miners to verify transactions, so stake holders with their wallets open do that. This is why you get a reward. Because you are helping verify transactions.

+1 , Precisely.

This seems to be an overlooked point about PoS coins. The open wallets are the network. If holders want to keep wallets closed most of the time, the coin dies in the long term.

Therefore the habit of frequently minting stake needs to be encouraged in all aspects of a currency..

bytedisorder

hero member

Activity: 489

Merit: 500

Quote from: PilotofBTC on May 06, 2014, 10:54:54 AM

WHY ARE YOU VOTING ON MINTPAL?

There is currently not enough volume. Getting the coin listed too soon on Mintpal will kill it's value. By the way we're gonna have an on exchange.

The ones who (many not all) want's it too be listed quickly on Mintpal andother big exchanges only want to be able to dumb it there. Take a lesson from Communitycoin and many otehr coins that suffered from being added quickly to big exchanges.

Don't be worried. We have a long way to go to reach to the top (~100k votes).
Accumulating some votes for Share is not bad.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: PilotofBTC on May 06, 2014, 10:34:12 AM

Quote from: bluewhackadoo on May 06, 2014, 10:15:57 AM

this coin confuses me...

I typically make money fro mining a coin and selling it...

I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party.

why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition

Huh

Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins.

The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin.

hth.

It is misleading to call it 'Interest'. Better to say 'Reward' (for holding coins and maintaining the network with your wallet open).

Stake is paid only when the wallet is open, it is the act of creating new blocks and keeping the network live.

i receive payment even if the wallet is closed

You can certainly get a payment without your wallet being opened. But, if your wallet is closed you aren't maintaining the network so you won't get your "interest" or "reward" if you prefer. This is a peer-to-peer coin, there are no miners to verify transactions, so stake holders with their wallets open do that. This is why you get a reward. Because you are helping verify transactions.

actually i receive stake reward even if the wallet is closed, just open it for 5 min a day to confirm the stake and your are done

bytedisorder

hero member

Activity: 489

Merit: 500

VOTE MINTPAL! - NO SCROLL IS THE GOAL!

https://www.mintpal.com/voting#SHARE

+1 let's move towards the top of vote list.

PilotofBTC

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Activity: 1736

Merit: 1001

Quote from: PilotofBTC on May 06, 2014, 10:34:12 AM

this coin confuses me...

I typically make money fro mining a coin and selling it...

I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party.

why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition

Huh

Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins.

The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin.

hth.

It is misleading to call it 'Interest'. Better to say 'Reward' (for holding coins and maintaining the network with your wallet open).

Stake is paid only when the wallet is open, it is the act of creating new blocks and keeping the network live.

i receive payment even if the wallet is closed

You can certainly get a payment without your wallet being opened. But, if your wallet is closed you aren't maintaining the network so you won't get your "interest" or "reward" if you prefer. This is a peer-to-peer coin, there are no miners to verify transactions, so stake holders with their wallets open do that. This is why you get a reward. Because you are helping verify transactions.

PilotofBTC

legendary

Activity: 1736

Merit: 1001

Quote from: PilotofBTC on May 06, 2014, 10:34:12 AM

this coin confuses me...

I typically make money fro mining a coin and selling it...

I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party.

why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition

Huh

Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins.

The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin.

hth.

It is misleading to call it 'Interest'. Better to say 'Reward' (for holding coins and maintaining the network with your wallet open).

Stake is paid only when the wallet is open, it is the act of creating new blocks and keeping the network live.

I was just using the term that is listed on the sharecoin we site. But, yes, reward does seem like a better word.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: PilotofBTC on May 06, 2014, 10:34:12 AM

Quote from: PilotofBTC on May 06, 2014, 10:34:12 AM

this coin confuses me...

I typically make money fro mining a coin and selling it...

I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party.

why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition

Huh

Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins.

The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin.

hth.

It is misleading to call it 'Interest'. Better to say 'Reward' (for holding coins and maintaining the network with your wallet open).

Stake is paid only when the wallet is open, it is the act of creating new blocks and keeping the network live.

i receive payment even if the wallet is closed

Majormax

legendary

Activity: 2534

Merit: 1129

Quote from: yanyuan on May 06, 2014, 10:30:48 AM

this coin confuses me...

I typically make money fro mining a coin and selling it...

I really can't mine this I have to rely on the choices made by people running pools to mine whatever is going to give me the best nag for the buch and I can tell you from experience they fail pathetically all the time. They're always late to the party.

why should I get involved with this coin - my income per Mhs is always higher than any multipool I've ever been involved in - so this coin looks like a losing proposition to me unless someone can convince and show me otherwise - Blackcoin is a great example of a losing proposition

Huh

Sharecoin is a proof of stake (PoS) coin. This means that you get "interest" by holding (a stake) of the coins in your wallet. Essentially that is similar to mining. In the first year you will get 30% interest. Interest are essentially newly minted coins. So, if you hold 10,000 coins in your wallet (you have to keep you wallet open) at the end of the first year you will have 13,000 coins.

The interest rate goes down every year. This is basically the same as the hash difficulty rising for a proof or work coin like Bitcoin.

hth.

It is misleading to call it 'Interest'. Better to say 'Reward' (for holding coins and maintaining the network with your wallet open).

Stake is paid only when the wallet is open, it is the act of creating new blocks and keeping the network live.

Majormax

legendary

Activity: 2534

Merit: 1129

i will buy 50k for 0.1 btc
if you have, pm me

Current price (offered) on SwapHole is ~ 0.3 BTC for 50k. You would need to match that to be realistic.

wantrepreneur

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Activity: 147

Merit: 100

Quote from: djm34 on May 06, 2014, 10:37:10 AM

HALT THE MINTPAL VOTES; WE NEED TIME TO BUY FIRST!

evi_stale

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Activity: 224

Merit: 100