Thanks for all the replies. I've looked into it more.
I see another potential problem for mastercoin: it is easily duplicated with little work. Unlike alt coins a new mastercoin clone doesn't need to build up an army of miners. This makes a clone have the same security as the original. All the security comes for free from bitcoin. Someone could come along and clone the project, rename it, and have all the same features with the added benefit of not having to purchase mastercoins. Is that scenario likely?
Topic: Colored coins VS Mastercoins - Which one is better? - page 5. (Read 18943 times)
Megaupload doesn't infringe copyright.
After very careful legal analysis, this is the conclusion you came to. However, Federal District Court Judges who have been deciding intellectual property cases for 25 or more years came to a different conclusion. Maybe your ability to parse copyright law is special, but I am thinking you may have missed something these judges can see. In other words, you don't have a clue as to what you are talking about.
And it does do things CC can't. You'll find out in 3-6 months.
Dang. I'm impatient and I want to know now! 
mastercoin at least it got a price
So does CC. It's the smallest 0-fee bitcoin transaction that can be sent through the bitcoin network. He clearly meant that the format is conducive to speculation, direct value, etc. Whether that's a +, the future will decide. This does in a sense give it momentum, and at the least grabs attention.
And it does do things CC can't. You'll find out in 3-6 months.
Perhaps both can live, and others. The market place doesn't need 1 solution for all problems.
mastercoin at least it got a price
So does CC. It's the smallest 0-fee bitcoin transaction that can be sent through the bitcoin network. He clearly meant that the format is conducive to speculation, direct value, etc. Whether that's a +, the future will decide. This does in a sense give it momentum, and at the least grabs attention.
And it does do things CC can't. You'll find out in 3-6 months.
but Kim Dot Com didn't seem to be breaking the law and they went after him.
How could anyone possibly believe Kim Dotcom didn't break the law? Copyright infringement is against the law. So is 'contributory infringement'. Just because you devise a clever little scheme to pretend you are not contributing to copyright infringement doesn't mean that you aren't. The courts are not fooled by clever little schemes. Kim Dotcom was the king of contributing to copyright infringement. You can't hide behind schemes. Actually, Kim Dotcom can't hide behind nearly anything as he is rather large.Megaupload doesn't infringe copyright. The users may have done so but how is that any different from the users of Bitcoin or anything else?
mastercoin at least it got a price
So does CC. It's the smallest 0-fee bitcoin transaction that can be sent through the bitcoin network. He clearly meant that the format is conducive to speculation, direct value, etc. Whether that's a +, the future will decide. This does in a sense give it momentum, and at the least grabs attention.
mastercoin at least it got a price
So does CC. It's the smallest 0-fee bitcoin transaction that can be sent through the bitcoin network. 
The only thing Coloredcoin or Mastercoin have in common is that they both will die as failed experiments.
~BCX~
You don't think using CC for stocks or bonds will work or be successful?~BCX~
No I don't, but admittedly that in itself, doe not make me correct.
~BCX~
mastercoin at least it got a price
The only thing Coloredcoin or Mastercoin have in common is that they both will die as failed experiments.
~BCX~
You don't think using CC for stocks or bonds will work or be successful? ~BCX~
The only thing Coloredcoin or Mastercoin have in common is that they both will die as failed experiments.
Gotta love them fanboys running around all over the forum creating threads promoting both in effort to either either pump the coin or convince themselves it's a great idea.
Both are fun to watch...
~BCX~
but Kim Dot Com didn't seem to be breaking the law and they went after him.
How could anyone possibly believe Kim Dotcom didn't break the law? Copyright infringement is against the law. So is 'contributory infringement'. Just because you devise a clever little scheme to pretend you are not contributing to copyright infringement doesn't mean that you aren't. The courts are not fooled by clever little schemes. Kim Dotcom was the king of contributing to copyright infringement. You can't hide behind schemes. Actually, Kim Dotcom can't hide behind nearly anything as he is rather large. Colored VS Master.. sounds a bit racist eh?
It does indeed. But the Master wins every time in that scenario too.There are going to be all sorts of jokes and memes about this if JR becomes the richest man in the world for inventing Mastercoin.
It's definitely a possibility. Whether or not he goes to jail? I don't think he will, but Kim Dot Com didn't seem to be breaking the law and they went after him. I think as long as JR has good lawyers and can live where he has to live he will avoid going to jail.
The US might not be the most friendly place to live if the laws become bad for Bitcoin. JR will have enough money to move if the time comes and insulate himself from all that. Also if Mastercoin is a success it is unstoppable. Nothing can stop the protocol if it actually works, and even if they started jailing people it wouldn't stop anything but just delay it.
Eventually whatever the laws were which put people in jail on political charges could be changed. In fact that is what will have to happen, the laws will have to be adapted to be favorable for innovation.
http://www.wired.com/threatlevel/2013/09/dotcom-lawsuit/
Colored VS Master.. sounds a bit racist eh?
It does indeed. But the Master wins every time in that scenario too. 
...Microsoft - and today that is where the richest man in the world is from.
Carlos Slim is from Microsoft?
The Rothschild families work at Microsoft?
...Microsoft - and today that is where the richest man in the world is from.
Carlos Slim is from Microsoft?
Wow. I sure hope it won't be jail!
For it to be jail, you'll have to do something illegal. I guess that leaves richest man in the world. I've got to say, I do believe that Mastercoin does bring more function to society than Microsoft - and today that is where the richest man in the world is from. So perhaps JR will be donating billions to kids in Africa soon. Hmmm - cool. 
Also, it is not clear to me that using Mastercoin will require having significant amounts of mastercoins.
Hey! we finally agree on something. I posted about this a few weeks ago. If I only have 10 mastercoins, presumably I can divide them each into 1 million pieces (or more) and enjoy use of the entire Mastercoin protocol and all the great functionality it brings on 10 different share issues for example. Since nobody will ever practically need more than 10 share issues, there is little or no point in owning more than just a few MSC. Indeed, owning only 1 is probably sufficient as they are practically infinitely divisible. J.R. hasn't commented on this point as far as I can tell.
I agree that JR should comment on that issue.
The smart property feature is probably what people are the most excited about right now, but you are right that it probably is the smallest feature in terms of impact on MSC prices. The main benefit to MasterCoin holders will be that you need MSC to buy/sell these smart properties (but not to create them).
Personally, I'm much more excited about some of the other features, but we need to be responsive to what the market wants if we want to remain in the lead. That's why getting smart property features implemented is our top priority right now (we the need distributed exchange first, but that will be directly used to trade smart property).
Expect JR to be one of the richest men in the world a few years from now or in jail.
Wow. I sure hope it won't be jail!
On an unrelated note, I apologize in advance for being unresponsive for the next few days. I've fallen behind on other important responsibilities in my life
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