[SHS] Shares [Second Generation Crypto Currency] [Project Announcement] - page 29.

Block_Erupter

full member

Activity: 182

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Quote from: ?? on ??

Stay away, seems like a scam. It uses some of the same sentences that we used in our description.: https://bitcointalksearch.org/topic/duibuqui-395758
Announcement released approximately 2 hours after our release.

Date Registered - December 30, 2013, 10:21:39 PM

Vero- Expects users to donate 50 BTC for a Crypto Coin that has probably the stupidest name I've ever seen.

the_coinhunter

member

Activity: 98

Merit: 10

Quote from: Block_Erupter on January 02, 2014, 11:17:03 AM

1. baishishi Donated .3 Btc - Gives him 30,000 Shares
2. jiefangqian Donated 0.25 BTC Gives him 25,000 Shares
3. Naphoc Donated 0.1 BTC Gives him 10,000 Shares
4. canth Donated 1 BTC Gives him 100,000 Shares

Official winners of the year

the_coinhunter

member

Activity: 98

Merit: 10

Quote from: exokk on January 02, 2014, 12:22:05 PM

hmmm I would like to invest 0.01 or 0.02 btc ---- not possible? :/

Not enough money to profit and run away with your btc...

Block_Erupter

full member

Activity: 182

Merit: 100

Quote from: exokk on January 02, 2014, 12:22:05 PM

hmmm I would like to invest 0.01 or 0.02 btc ---- not possible? :/

hmm the lowest is .1 Btc for right now

exokk

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Activity: 124

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hmmm I would like to invest 0.01 or 0.02 btc ---- not possible? :/

Block_Erupter

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Merit: 100

Quote from: canth on January 02, 2014, 12:09:39 PM

Quote from: Block_Erupter on January 02, 2014, 11:30:51 AM

Quote from: canth on January 02, 2014, 11:27:32 AM

How will the 96M Shares that aren't being sold be allotted?

Through Mining. Its basically Like NXT. With NXT their is 1 Billion coins in existence while Shares has only 100 Million and in which 4 Million Shares are sold to users before Launch. Mining Shares will be a difficult task to do as mining will be different then what you see in Bitcoin and other Altcoins.

NXT allotted all 1 billion coins on day 1, for which PoS coins have an argument about why this is a best practice. For SHS, what happens to the other ~ 96 million SHS on day 1 of launch? I understand that there will be an as of yet undetermined mining component - will the 96 million SHS not be allocated and only available through mining?

The 96 million Shares will be mined through a complicated system that hasn't been completed yet. I believe that isn't the best practice for PoS coins. As the days pass on I will be available to give you more information about the Mining situation.

sumantso

legendary

Activity: 1050

Merit: 1000

Watching.

canth

legendary

Activity: 1442

Merit: 1001

Quote from: Block_Erupter on January 02, 2014, 11:30:51 AM

Quote from: canth on January 02, 2014, 11:27:32 AM

How will the 96M Shares that aren't being sold be allotted?

Through Mining. Its basically Like NXT. With NXT their is 1 Billion coins in existence while Shares has only 100 Million and in which 4 Million Shares are sold to users before Launch. Mining Shares will be a difficult task to do as mining will be different then what you see in Bitcoin and other Altcoins.

NXT allotted all 1 billion coins on day 1, for which PoS coins have an argument about why this is a best practice. For SHS, what happens to the other ~ 96 million SHS on day 1 of launch? I understand that there will be an as of yet undetermined mining component - will the 96 million SHS not be allocated and only available through mining?

nocoin

full member

Activity: 168

Merit: 100

Quote from: Block_Erupter on January 02, 2014, 11:17:03 AM

Shares is based on PoS (proof-of-stake) system

Whitepaper on used algo?

Edit: nevermind, just saw this https://bitcointalksearch.org/topic/duibuqui-395758

jiefangqian

full member

Activity: 229

Merit: 100

look

Block_Erupter

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Activity: 182

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Quote from: fanmeide on January 02, 2014, 11:51:25 AM

May be you can say:
FZ can Exchange SHS！
Grin

Hmm. I'll think about it.

fanmeide

newbie

Activity: 41

Merit: 0

May be you can say:
FZ can Exchange SHS！
Grin

Block_Erupter

full member

Activity: 182

Merit: 100

Quote from: MilliCoin on January 02, 2014, 11:42:46 AM

Due to the nature of the implementation would you imagine it being more problematic than other alt coins for exchanges to list Shares?

When do you envisage development being complete?

I believe it won't. Because with all the investors who wouldn't want to add Shares to their exchange. If they don't pick it up that is fine because we still have a private Marketplace/exchange for Shares. The future of Shares is gonna big and once its Launched we will have the support of the community.

MilliCoin

newbie

Activity: 19

Merit: 0

Due to the nature of the implementation would you imagine it being more problematic than other alt coins for exchanges to list Shares?

When do you envisage development being complete?

fanmeide

newbie

Activity: 41

Merit: 0

Quote from: Block_Erupter on January 02, 2014, 11:33:33 AM

Quote from: fanmeide on January 02, 2014, 11:32:31 AM

FROZEN
no longer maintain?
oh
forzencoin.org 404 !!!!!

The mainpage is fixed redesigned right now. Go to the forum - http://frozencoin.org/forum/

Whoever donated 1 Btc please Pm me, thank you

You can write :Site upgrade
404 Not too friendly！ Grin

Block_Erupter

full member

Activity: 182

Merit: 100

Quote from: fanmeide on January 02, 2014, 11:32:31 AM

FROZEN
no longer maintain?
oh
forzencoin.org 404 !!!!!

The mainpage is fixed redesigned right now. Go to the forum - http://frozencoin.org/forum/

Whoever donated 1 Btc please Pm me, thank you

fanmeide

newbie

Activity: 41

Merit: 0

FROZEN
no longer maintain?
oh
forzencoin.org 404 !!!!!

baishishi

newbie

Activity: 51

Merit: 0

Block_Erupter

full member

Activity: 182

Merit: 100

Quote from: canth on January 02, 2014, 11:27:32 AM

How will the 96M Shares that aren't being sold be allotted?

Through Mining. Its basically Like NXT. With NXT their is 1 Billion coins in existence while Shares has only 100 Million and in which 4 Million Shares are sold to users before Launch. Mining Shares will be a difficult task to do as mining will be different then what you see in Bitcoin and other Altcoins.

canth

legendary

Activity: 1442

Merit: 1001

How will the 96M Shares that aren't being sold be allotted?

Topic: [SHS] Shares [Second Generation Crypto Currency] [Project Announcement] - page 29. (Read 30102 times)