Quote from: EleanorZ on December 10, 2017, 07:13:26 PM

Quote from: deztroyr1 on December 09, 2017, 09:14:55 PM

i like this project and i like how this might go to the moon...but...
i don't quite see the point of the coin? why would the coin have value? based on what?
i would read a whitepaper but one does not exist Huh

i understand that the web needs to run on a blockchain but i don't see how that would give value to the coin.
using and hosting doesn't cost money so where does the money come from?

I'm not sure I fully understand your question.

First, Shift, is not a 'coin'; it's a token, not a currency. Second, when you say 'value', do you mean in terms of price or utility? Shift aims to provide a very specific value to consumers, but the price--how much consumers will pay to receive that value--will be determined by market forces over time.

Every crypto-asset aims to provide some kind of value (well, except for the scams...) in the sense of utility. Price is then a consequence of 1) the actual value that asset is providing right now, and 2) and value that investors speculate it will provide in the future. For example, the price of ETH is high because the token is valuable now (you need it to run contracts on the ETH network; i.e., supply and demand) AND investors believe that ETH will continue to succeed and be even more valuable in the future. But there is no intrinsic 'right' price for 1 ETH: its network would function the same whether 1 ETH cost $4 or $400 or $40000.

The same is true of Shift. The Shift team is building a way to decentralize the internet based on peer-based storage and the Interplanetary File System (IPFS). Eventually, the Phantom app will serve as a dashboard, allowing users to connect to their decentralized storage, run dApps, and so on. Like the ETH token, the Shift token is needed to use the Shift network. So its value proposition is as a practical means of realizing a decentralized internet. Because the product only exists on testnet for now, the current price of Shift is purely a function of speculation (and yes, you can argue that crypto in general overvalues potential vs. actual results, but that's not unique to Shift). Later, it also will reflect the degree to which Shift has realized its value proposition--i.e., if consumers find Shift's service valuable, demand for Shift tokens will be high, and so will be the price.

Ultimately, you need Shift tokens to use the Shift network and its associated services. If the Shift network works as intended and consumers value it and want to use it, they will pay for Shift tokens--and that's where 'the money' comes from.

Quote from: ig700 on December 10, 2017, 04:01:51 PM

Why up to date I still dont earn any SHIFT in the wallet?

Im voting for 33 delegates and voting 3 months ago.

1. Do you have enough Shift to receive a regular reward? Shift's rewards are quite low; i.e., most delegates pay only 0.1 SHIFT +/- per 1000 Shift per month: https://dpostools.com/SHIFT

2. Are the delegates you voted for still in the top 101? If they aren't, then they aren't forging, which means they aren't giving you a reward.

3. Do the delegates you voted for have a payout threshold? I.e., do they only pay out once your reward exceeds a certain level? If so, you may not have reached that threshold yet.

thanks for explaining. just now someone on ryver came up with the information i was looking for:

Quote

Shift tokens have two primary profit mechanisms: the first, delegated Proof-of-Stake, is a means for
Shift holders to earn additional tokens by taking part in a democratic process of governance over
the platform.
The second profit mechanism is the use of the tokens as a medium for selling dApp services,
such as Phantoms decentralized web hosting. (More precisely:(a)hosting a storage node in the
IPFS cluster is a major revenue stream since nodes receive a part of the forged block rewards
when they have proven to possess the data they should possess; and (b)there are countless
possibilities for expanding the tokenized dApp services ecosystem.)

some more details:
https://www.shiftnrg.org/wp-content/uploads/2017/10/Shift%20Upbit%20-%20English%20text.pdf