Everything is brandy dandy for Sharex developers, but us, all of us who received sharecoins hoping for new currency that is fair (check) and successful (not check) it is not.
As it stands now
imagine hypothetical situation: Out of a chance everyone removes sharecoins from their wallets and buys Feeshares, all 5000 of them as their is no more sharecoins left (5.000 x 20.000 = 100.000.000). So
as long as their is no more sharecoins on hands of the public we get a situation that developer holds ALL sharecoins, public holds feeshares (so far 5000 of them). So far developer got nothing in terms of profit, because whatever they created (all sharecoins) out of thin air and gave to us, came back to them. But developers intend to sell 45.000 more feeshares which means public must bring into sharex (read: developers) or simply his PONZI scheme their BTC 9 times over the volume of all sharecoins multiplied by whatever the price of those sharecoins at that moment is. So far looks good for sharex, as they are pricing their sharex exchange bussiness roughly 10 times more then price of all sharecoins in existence. Not bad.... Again for developers.
I have a huge problem with that.
First of all I took part (and initially intended to stay/invest/help)in all this free giveaway under impression that it is a new cryptocurrency that is fair, has a big base of holders fight from get go,who would be interested to develop sharecoin into potential rival to litecoin, NXT, ripples or ultimately to bitcoin. What I got instead is a try on developers part to sway me into using those free shares and potentially bringing more mine bitcoins for "owning"(lol) part of sharex exchange, of which I have no interest as that is SO MUCH SMALLER THEN WHAT SHARECOIN COULD ACHIEVE.
I wish to all remaining participants good luck, as what they are offered is pretty much something along the lines of : "We give you 1 part (of coins) for free, the rest 9 parts of your bitcoins you bring yourself, buy feeshares and lets hope sharex would pickup nicely".
this business is not about new coin, it is about exchange.
Not my cup of tea, I am out, all BTC removed from sharex. Again, good luck.