I'll check I've got one thing right about the cost of asset issuance;
If maidsafe wanted to create 429,496,729 Msafe it would just cost a small one off fee of around $1-2 right?
Then he could set up a bitcoin wallet for his fundraiser and return [funds in] with [funds in * xchange rate] of Msafe for the cost of dust?
Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 298. (Read 1276817 times)
April 20, 2014, 01:20:24 PM
April 20, 2014, 01:14:50 PM
right, where did you get the 10M number, I can't do calculation these days but, will msc be able to reach 0.2 as they want to peg in a few days ? and why the price is not close to the number.
Basically Mastercoin are raping Maidsafe by sucking whatever % is paid in Mastercoin (and will be a lot) out of his fundraiser.
Can't believe more people can't see it, maybe they can but are holding Mastercoin.
This will be the end of Mastercoin and I think Maidsafe unless he cancels this fundraiser. Really sad discussed here https://bitcointalksearch.org/topic/ann-safecoin-maidsafecoin-577149
April 20, 2014, 12:45:25 PM
right, where did you get the 10M number, I can't do calculation these days but, will msc be able to reach 0.2 as they want to peg in a few days ? and why the price is not close to the number.
April 20, 2014, 12:22:16 PM
read all the stuff - there were a few messages deleted, so I cannot see what you are arguing about. AFAIK they get their funds in parts in BTC and in parts in MSC - they use them for financing the project costs over the next years.
It is more for kickstarting mastercoin - let us see where this is going.
Anyway the XCP project is miles ahead regarding usability. When the financial market functions which directly need xcp are started counterparty will be much bigger.
It is more for kickstarting mastercoin - let us see where this is going.
Anyway the XCP project is miles ahead regarding usability. When the financial market functions which directly need xcp are started counterparty will be much bigger.
April 20, 2014, 12:17:23 PM
I do not get Changs point - but anyway. David Johnston is more or less owning both projects (MSC and Maidsafe) with his angelfund. I think the only guy getting a somewhat strange deal in this arrangement is David Irwine, the maidsafe founder. I wondered from the beginning what he wants to do with all this mastercoins he gets.
I have an educated guess who the person exchanging the bitcoins for mastercoins is http://www.safecoin.io/ - especially after sowhing his great interest in ethereum
.
I have an educated guess who the person exchanging the bitcoins for mastercoins is http://www.safecoin.io/ - especially after sowhing his great interest in ethereum
.Don't worry no one ever gets my points:
If he issued an asset on the Dex it would have have cost $1 and been painless he could have issued the assets by return to any wallets sending funds.
It is the case with master coin that he's been told by the foundation he has to sell a volume of mastercoin to issue each asset. They have lent him a large amount of mastercoin to do this with! The amount he is told he needs to sell to issue all assets is between 20-70% of mastercoin in existence for the full $10m), Doesn't this seem crazy and bizzare to anyone?
At the end as you say what's he going to do with all the mastercoin, he's handed over all the REAL value to the Mastercoin Foundation and he's left holding mastercoins to pay off previous investors and handle ongoing costs with. It's mad.
April 20, 2014, 11:16:48 AM
I do not get Changs point - but anyway. David Johnston is more or less owning both projects (MSC and Maidsafe) with his angelfund. I think the only guy getting a somewhat strange deal in this arrangement is David Irwine, the maidsafe founder. I wondered from the beginning what he wants to do with all this mastercoins he gets.
I have an educated guess who the person exchanging the bitcoins for mastercoins is http://www.safecoin.io/ - especially after sowhing his great interest in ethereum.
I have an educated guess who the person exchanging the bitcoins for mastercoins is http://www.safecoin.io/ - especially after sowhing his great interest in ethereum
.Don't worry no one ever gets my points:
If he issued an asset on the Dex it would have have cost $1 and been painless he could have issued the assets by return to any wallets sending funds.
It is the case with master coin that he's been told by the foundation he has to sell a volume of mastercoin to issue each asset. They have lent him a large amount of mastercoin to do this with! The amount he is told he needs to sell to issue all assets is between 20-70% of mastercoin in existence for the full $10m), Doesn't this seem crazy and bizzare to anyone?
At the end as you say what's he going to do with all the mastercoin, he's handed over all the REAL value to the Mastercoin Foundation and he's left holding mastercoins to pay off previous investors and handle ongoing costs with. It's mad.
April 20, 2014, 11:00:18 AM
I do not get Changs point - but anyway. David Johnston is more or less owning both projects (MSC and Maidsafe) with his angelfund. I think the only guy getting a somewhat strange deal in this arrangement is David Irwine, the maidsafe founder. I wondered from the beginning what he wants to do with all this mastercoins he gets.
I have an educated guess who the person exchanging the bitcoins for mastercoins is http://www.safecoin.io/ - especially after sowhing his great interest in ethereum.
I have an educated guess who the person exchanging the bitcoins for mastercoins is http://www.safecoin.io/ - especially after sowhing his great interest in ethereum
. April 20, 2014, 10:25:39 AM
How does XCP compare with MSC?
Snap!! for asset issuance check chart above.
April 20, 2014, 10:24:26 AM
How does XCP compare with MSC?
April 20, 2014, 10:23:41 AM
I'm sure this isn't how Mastercoin really works or the whole project would be one big ridiculous joke, however this is what he's been tricked into believing by the foundation he has to do to issue an asset (buy a ridiculous proportion of all mastercoin in existence!!!)
https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI
How many mastercoins are required to release the total amount of Msafe?
total issue of MSAFE == 429,496,729
MSAFE per MSC == 3400
MSC required == 429,496,729 / 3400 == 126322 (not counting the bonus, which makes it a little less, but harder to explain)
^^^my notes changhum^^^^That's 20% of all the Mastercoin in existence they're telling him he's got to sell to issue an asset, If he hadn't moved the price from 0.06 to the above it would be 429,496,729 / 1020 = 421071 or 68% of all mastercoins in existence required to complete his fundraiser to $10m!!
Summary
Sell all loaned mastercoins lent by foundation - replace with tokens which represent no added value
total payment to 3rd party nothing to do with project $10000000
0% of Bitcoin raised for pool
A few americans drinking champagne
--------------------------------------------------------------------------------------------------------------------------------
By comparison with XCP, $1 asset issuance,
Summary
Create Bitcoin burn address - Distribute assets accordingly
total payment to 3rd party nothing to do with project $1
100% of Bitcoin raised for pool
https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI
How many mastercoins are required to release the total amount of Msafe?
total issue of MSAFE == 429,496,729
MSAFE per MSC == 3400
MSC required == 429,496,729 / 3400 == 126322 (not counting the bonus, which makes it a little less, but harder to explain)
^^^my notes changhum^^^^That's 20% of all the Mastercoin in existence they're telling him he's got to sell to issue an asset, If he hadn't moved the price from 0.06 to the above it would be 429,496,729 / 1020 = 421071 or 68% of all mastercoins in existence required to complete his fundraiser to $10m!!
Summary
Sell all loaned mastercoins lent by foundation - replace with tokens which represent no added value
total payment to 3rd party nothing to do with project $10000000
0% of Bitcoin raised for pool
A few americans drinking champagne
--------------------------------------------------------------------------------------------------------------------------------
By comparison with XCP, $1 asset issuance,
Summary
Create Bitcoin burn address - Distribute assets accordingly
total payment to 3rd party nothing to do with project $1
100% of Bitcoin raised for pool
April 20, 2014, 10:17:10 AM
I fixed a minor flaw, in the XCP market. It should be good now!
What did you do, bring in more buyers?
April 20, 2014, 09:48:44 AM
Wow just noticed how much more it is too issue
Mastercoin foundation salesmen have lent David Irvine a stack of mastercoin (he believed were worth millions to sell), in effect to simply issue an asset they're charging him $10000000.
https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI
A bit of fraud is going on here methinks, champagne all round but I think this is the end of Mastercoin they surely can't get away with this. Such a shame as Maid network looked interesting though you've got to wonder how credible a director David Irvine is if he's this gullible or how currupt he is if he's not!
BTW: My girlfriends in I.C.U. and I went all in on Mastercoin thinking all my dreams had come true to pay hospital expenses when he tried to fix the price at 0.2 from .08, after seeing the way it moved so smovely when they fixed it from .06 to .08. Thankfully I managed to sell up in time without a loss when I realized if he get's the $10000000 he gives it away to the mastercoin foundation rather than to use for his business!!
I'd say this is a pretty big scandal and as highlighted above effect real peoples lives. Unfortunately I'm not really articulate or educated enough to explain this well, but can someone look into this and have a word with him.
Mastercoin foundation salesmen have lent David Irvine a stack of mastercoin (he believed were worth millions to sell), in effect to simply issue an asset they're charging him $10000000.
https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI
A bit of fraud is going on here methinks, champagne all round but I think this is the end of Mastercoin they surely can't get away with this. Such a shame as Maid network looked interesting though you've got to wonder how credible a director David Irvine is if he's this gullible or how currupt he is if he's not!
BTW: My girlfriends in I.C.U. and I went all in on Mastercoin thinking all my dreams had come true to pay hospital expenses when he tried to fix the price at 0.2 from .08, after seeing the way it moved so smovely when they fixed it from .06 to .08. Thankfully I managed to sell up in time without a loss when I realized if he get's the $10000000 he gives it away to the mastercoin foundation rather than to use for his business!!
I'd say this is a pretty big scandal and as highlighted above effect real peoples lives. Unfortunately I'm not really articulate or educated enough to explain this well, but can someone look into this and have a word with him.
I think this MaidSafe pump is the last time in a while that people will be able to get out of MSC at these higher prices. MSC is going nowhere. It was flawed from the start by its distribution as well.
Patel think this through, the foundation have lent him "tons" of mastercoin to sell they effectively end up getting all the cash (bitcoin) he ends up getting all (worthless?) mastercoin in exchange for 8 years work, media attention, and brilliant Idea. The guys been totally suckered. It would only cost him a $1 to do the same thing through counterparty it's high level madness!
April 20, 2014, 09:44:11 AM
Wow just noticed how much more it is too issue
Mastercoin foundation salesmen have lent David Irvine a stack of mastercoin (he believed were worth millions to sell), in effect to simply issue an asset they're charging him $10000000.
https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI
A bit of fraud is going on here methinks, champagne all round but I think this is the end of Mastercoin they surely can't get away with this. Such a shame as Maid network looked interesting though you've got to wonder how credible a director David Irvine is if he's this gullible or how currupt he is if he's not!
BTW: My girlfriends in I.C.U. and I went all in on Mastercoin thinking all my dreams had come true to pay hospital expenses when he tried to fix the price at 0.2 from .08, after seeing the way it moved so smovely when they fixed it from .06 to .08. Thankfully I managed to sell up in time without a loss when I realized if he get's the $10000000 he gives it away to the mastercoin foundation rather than to use for his business!!
I'd say this is a pretty big scandal and as highlighted above effect real peoples lives. Unfortunately I'm not really articulate or educated enough to explain this well, but can someone look into this and have a word with him.
Mastercoin foundation salesmen have lent David Irvine a stack of mastercoin (he believed were worth millions to sell), in effect to simply issue an asset they're charging him $10000000.
https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI
A bit of fraud is going on here methinks, champagne all round but I think this is the end of Mastercoin they surely can't get away with this. Such a shame as Maid network looked interesting though you've got to wonder how credible a director David Irvine is if he's this gullible or how currupt he is if he's not!
BTW: My girlfriends in I.C.U. and I went all in on Mastercoin thinking all my dreams had come true to pay hospital expenses when he tried to fix the price at 0.2 from .08, after seeing the way it moved so smovely when they fixed it from .06 to .08. Thankfully I managed to sell up in time without a loss when I realized if he get's the $10000000 he gives it away to the mastercoin foundation rather than to use for his business!!
I'd say this is a pretty big scandal and as highlighted above effect real peoples lives. Unfortunately I'm not really articulate or educated enough to explain this well, but can someone look into this and have a word with him.
I think this MaidSafe pump is the last time in a while that people will be able to get out of MSC at these higher prices. MSC is going nowhere. It was flawed from the start by its distribution as well.
April 20, 2014, 09:41:31 AM
Wow just noticed how much more it is too issue
Mastercoin foundation salesmen have lent David Irvine a stack of mastercoin (he believed were worth millions to sell), in effect to simply issue an asset they're charging him $10000000.
https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI
A bit of fraud is going on here methinks, champagne all round but I think this is the end of Mastercoin they surely can't get away with this. Such a shame as Maid network looked interesting though you've got to wonder how credible a director David Irvine is if he's this gullible or how currupt he is if he's not!
BTW: My girlfriends in I.C.U. and I went all in on Mastercoin thinking all my dreams had come true to pay hospital expenses when he tried to fix the price at 0.2 from .08, after seeing the way it moved so smovely when they fixed it from .06 to .08. Thankfully I managed to sell up in time without a loss when I realized if he get's the $10000000 he gives it away to the mastercoin foundation rather than to use for his business!!
I'd say this is a pretty big scandal and as highlighted above effect real peoples lives. Unfortunately I'm not really articulate or educated enough to explain this well, but can someone look into this and have a word with him.
Mastercoin foundation salesmen have lent David Irvine a stack of mastercoin (he believed were worth millions to sell), in effect to simply issue an asset they're charging him $10000000.
https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI
A bit of fraud is going on here methinks, champagne all round but I think this is the end of Mastercoin they surely can't get away with this. Such a shame as Maid network looked interesting though you've got to wonder how credible a director David Irvine is if he's this gullible or how currupt he is if he's not!
BTW: My girlfriends in I.C.U. and I went all in on Mastercoin thinking all my dreams had come true to pay hospital expenses when he tried to fix the price at 0.2 from .08, after seeing the way it moved so smovely when they fixed it from .06 to .08. Thankfully I managed to sell up in time without a loss when I realized if he get's the $10000000 he gives it away to the mastercoin foundation rather than to use for his business!!
I'd say this is a pretty big scandal and as highlighted above effect real peoples lives. Unfortunately I'm not really articulate or educated enough to explain this well, but can someone look into this and have a word with him.
April 20, 2014, 07:59:27 AM
Is there any documentation available re: (secure) implementation into an exchange backend?
Sure. There's this wiki page: https://wiki.counterparty.co/w/XCP_Exchange_Integration.
April 20, 2014, 05:58:29 AM
Is there any documentation available re: (secure) implementation into an exchange backend?
April 20, 2014, 05:33:54 AM
Dear All
Thank you very much for your donations to date, although small we really appreciate it. Three donations using charitycoin.co.uk have been made. Please see the charities and proofs of the donations below:
Amnesty International https://www.justgiving.com/amnesty 9.50
The Simon Community http://www.justgiving.com/simoncommunity 8.50
Médecins Sans Frontières https://www.justgiving.com/msfuk 10.00
Total Donations 28.00
Please feel free to make more donations or contact us at info(at)charitycoin.co.uk if you have any questions. Charitycoin exists as an asset called CHARITYCOIN on the Counterparty system and is 100% provably backed by charitable donations.
Many thanks
The Charitycoin team
Thank you very much for your donations to date, although small we really appreciate it. Three donations using charitycoin.co.uk have been made. Please see the charities and proofs of the donations below:
Amnesty International https://www.justgiving.com/amnesty 9.50
The Simon Community http://www.justgiving.com/simoncommunity 8.50
Médecins Sans Frontières https://www.justgiving.com/msfuk 10.00
Total Donations 28.00
Please feel free to make more donations or contact us at info(at)charitycoin.co.uk if you have any questions. Charitycoin exists as an asset called CHARITYCOIN on the Counterparty system and is 100% provably backed by charitable donations.
Many thanks
The Charitycoin team
April 19, 2014, 02:48:02 PM
Hi Xnova, by the way I lost all the dust on my old wallet which I can't remember the value of as well as any primes! I haven't reported as been a bit sidetracked doesn't really matter if the issues been resolved in later versions.
April 19, 2014, 02:44:16 PM
SECURITY NOTICE
With the newly released version of Counterwallet 1.1.0, we have made several improvements to site security. This includes major enhancements to our XSS (cross site scripting) protection, greatly enhanced clickjacking protection, and enhanced entropy in the pass phrase generation routines. We are also in the process of regenerating an updated SSL certificate as a precaution against the heartbeat vulnerability.
Given these changes, we highly advise all Counterwallet users to go to the main site (https://counterwallet.co) and create a new wallet. Then, from that same site, sweep or transfer in your balance from any other wallets you may have created. Please only use https://old.counterwallet.co when necessary to transfer over your old balance to the new site, and, as a security precaution, do NOT transfer funds into an old.counterwallet.co wallet.
On top of these security improvements, we are also in the process of arranging a professional security audit and penetration testing of all Counterwallet and counterwalletd code, similar to the recently completed counterpartyd security audit. Stay tuned for news on this front.
With the newly released version of Counterwallet 1.1.0, we have made several improvements to site security. This includes major enhancements to our XSS (cross site scripting) protection, greatly enhanced clickjacking protection, and enhanced entropy in the pass phrase generation routines. We are also in the process of regenerating an updated SSL certificate as a precaution against the heartbeat vulnerability.
Given these changes, we highly advise all Counterwallet users to go to the main site (https://counterwallet.co) and create a new wallet. Then, from that same site, sweep or transfer in your balance from any other wallets you may have created. Please only use https://old.counterwallet.co when necessary to transfer over your old balance to the new site, and, as a security precaution, do NOT transfer funds into an old.counterwallet.co wallet.
On top of these security improvements, we are also in the process of arranging a professional security audit and penetration testing of all Counterwallet and counterwalletd code, similar to the recently completed counterpartyd security audit. Stay tuned for news on this front.
April 19, 2014, 02:10:42 PM
Hey guys, sorry for stupid question. If you have a wiki or something like this just please give me a link and I'll find an answer.
I have one address for btc/xcp because xcp is built on top of btc blockchain, right? But how does it know did I send btc or xcp? I sent both currencies on the same address but somehow they entered on right accounts: xcp to xcp, btc to btc.
I have one address for btc/xcp because xcp is built on top of btc blockchain, right? But how does it know did I send btc or xcp? I sent both currencies on the same address but somehow they entered on right accounts: xcp to xcp, btc to btc.
The BTC is recognized by bitcoind, bitcoinqt, etc., (Bitcoin clients)
XCP is recognized by counterpartyd, counterpartywalletd, etc., (If the bitcoin blockchain has the txindex=1)
XCP data is metadata associated with very tiny bitcoin transactions, which are used to sustain the meta network.
I don't understand your question, "but somehow they entered on right accounts...?" Please elaborate
I send xcp or btc from Bter on the same address and money somehow appears on xcp and btc accounts although there's only 1 address for both currencies.
Yes that's how it works. You could even send mastercoins to that address if you had the private key for it or were using a wallet that looked in the blockchain for that specific meta data
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