Here's a summary of the issues:

1) We need tradeable FeeShares.

2) We need a lower price on FeeShares or ShareCoins need to devalue before FeeShares become viable (something no one here wants).

3) We need to address how the ShareCoins used for purchasing FeeShares are going back into the system (in detail).

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Let's pretend ShareCoin does not exist and the owners of an exchange offer us this deal:

"If you pay us 0.06 BTC, we will give you 0.001% of our exchange profits."
So to get my 0.06 BTC back, the exchange must make 6000 BTC in profit.

It's not a very attractive investment that is going to build the hype needed for this new exchange to thrive. How much do we realistically think this exchange is going to make and how long will it take? To get my investment up to 1 BTC, the exchange would need to make around 100,000 BTC profit (or $40,000,000 USD).

That 0.06 BTC I started with is the current cost of 20,000 ShareCoins, so it's the same deal.


You can't argue that "we got these coins for free", because I could go and sell the 65000 ShareCoins right now and get 0.2 BTC for them. For me to get 0.2 BTC back through the FreeShares, the exchange would need to make around 18,000 BTC in profit.

Anyway, Dev will probably be asleep right now, so I wouldn't panic sell your coins yet. I'm sure some changes will be made in the near future.