Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SHARE]ShareCoin - Pure POS - MultiPool - Official exchange launched
by
PilotofBTC
on 11/05/2014, 17:15:59 UTC
what i see is that the community doesn't understand the whole feeshare mechanics and is getting confused.
feeshare is understood, but the problem is the confusion about the relationship between feeshare and sharecoin, computation was explained in the previous page on how long will you get your ROI , and the dev made a clarification about the 2 different entity, and that this thing was exploited and drive the coin value down, and there are lots of concerns regarding the feeshare that was unasnwered, like the what if's of unsold share during the days they openned it
I think the plan is like this:

Zip want to start an exchange as his main business, he know his own strengths and weaknesses. He know he's not very good to promote his business and make good marketing. He could hire sales representative, but that's probably too expensive. He also know that a strong community around a loved coin can do miracle (see Dodgecoin).

So he was like How can I motivate some cryptocoin community to promote my business?

His idea: built a new cryptocoin community around a new coin (Sharecoin).

But if his community has no rewrd, they will not promote anything.

His second idea: share the profit of the business. (FeeShare)
His idea is good up to there...  but the fixed rate is meaningless (not market driven, not profit driven) the number of share versus BTC is even not realistic.

His second bad idea: letting people mine on a multipool and give them sharecoins on fix rate: again it isn't market driven (which is kind of funny for someone managing a market)

His third bad idea: Getting all the sharecoins, as it will just kill the coin

Sigh... the multipool distributes/buys at the CURRENT BID... not a fixed rate.