Quote from: mShz on May 08, 2014, 11:30:41 AM

Quote from: AcidReniX on May 08, 2014, 11:17:12 AM

I have no doubt the developers of this coin have put a lot of work in and have nothing but good intentions for this coin. Obviously they are out to make some money (as we all are). I believe the exchange is their end game goal. Popular exchanges make a lot of money which is why they do not need to gain anything from the ShareCoins themselves. There is nothing wrong with this strategy, in fact this is better for us, because it means we get a fair coin distribution and they get an active exchange.

It is win-win for all of us.

This is why I have faith that the developers will look into the connection between the coins and the exchange, which currently does not work for anyone. People are interested in the future potential of the coin because of the connection with the coin exchange. The connection is the FeeShares.

The FeeShares' value needs to increase or decrease based on the value of the exchange (not the value of ShareCoins). They need to be on a market where the price increases or drops just like any other coin. People may sell their feeShares for a profit if the exchange starts growing, or they may sell FeeShares at a loss if the exchange is in decline. The FeeShares also need to start on the market at a viable price. it makes no difference to the Devs if the FeeShares sell out at a cheap price as it is the regular punters who will be fighting to buy / sell the FeeShares between ourselves. Someone buys the shares for cheap, the exchange value rises and they sell the shares to someone for a profit. The new owner is happy because they are getting a sustained income from the exchange and the old owner is happy because they made a profit on the shares themselves. This is in the Dev's interest as it means the exchange becomes much more popular.

As it stands, the people who have bought into FeeShares will realistically never see a profit, and the FeeShares will never get sold out unless the coin is devalued all the way down to 1 satoshi (and even then they will struggle to sell). The ratio of coins to FeeShares is all wrong. The price is wrong. The inability to exchange FeeShares means that once someone is invested, they are stuck there for good.

I'm sticking around to see how this coin goes as the Dev's have been spot on up until this point. I just hope they know how to react to things like this correctly or they will end up with a dead exchange as we end up with a dead coin.

great explanation, nice one

Yes, read this one, plus mine above to get a fair explanation.