Well, I can't say I know the details. I only read the FAQ (http://wiki.mastercoin.org/index.php/FAQ).
Unless Theymos has some further insight, I can kinda see where he is coming from.
All coins have been distributed within a month? Now something that is not clearly described is added. Then you need those coins to use it. That's why they are valuable ...
Weeeelll ...
Topic: Forums FUBAR (Read 538 times)
http://wiki.mastercoin.org/index.php/FAQ
Reads like an alternate currency. Overall, it all reads like it is still work in progress.
Quote
Does Mastercoin have to run on top of Bitcoin?
Well, currently it does, because that is the fastest approach to building Mastercoin. It may do so in the future.
However, in case there are some scalability or other concerns that make us not want to run on top of Bitcoin, we can switch it out for another decentralized layer e.g. a dedicated alt.
Well, currently it does, because that is the fastest approach to building Mastercoin. It may do so in the future.
However, in case there are some scalability or other concerns that make us not want to run on top of Bitcoin, we can switch it out for another decentralized layer e.g. a dedicated alt.
Reads like an alternate currency. Overall, it all reads like it is still work in progress.
Yep - is still a work in progress. It's not a currency. It is a bitcoin development project. That is why it WAS in the right place. Now it is buried in a bunch of spam crap - 'Free NewCoins!!!!'; 'Free thatCoins'; bullshit.
Do you need exposure? Top position in a special thread?
Sorry , but this sounds just like what an altcoin issuer would want. Ironic.
http://wiki.mastercoin.org/index.php/FAQ
Reads like an alternate currency. Overall, it all reads like it is still work in progress.
Quote
Does Mastercoin have to run on top of Bitcoin?
Well, currently it does, because that is the fastest approach to building Mastercoin. It may do so in the future.
However, in case there are some scalability or other concerns that make us not want to run on top of Bitcoin, we can switch it out for another decentralized layer e.g. a dedicated alt.
Well, currently it does, because that is the fastest approach to building Mastercoin. It may do so in the future.
However, in case there are some scalability or other concerns that make us not want to run on top of Bitcoin, we can switch it out for another decentralized layer e.g. a dedicated alt.
Reads like an alternate currency. Overall, it all reads like it is still work in progress.
Yep - is still a work in progress. It's not a currency. It is a bitcoin development project. That is why it WAS in the right place. Now it is buried in a bunch of spam crap - 'Free NewCoins!!!!'; 'Free thatCoins'; bullshit.
http://wiki.mastercoin.org/index.php/FAQ
Reads like an alternate currency. Overall, it all reads like it is still work in progress.
Quote
Does Mastercoin have to run on top of Bitcoin?
Well, currently it does, because that is the fastest approach to building Mastercoin. It may do so in the future.
However, in case there are some scalability or other concerns that make us not want to run on top of Bitcoin, we can switch it out for another decentralized layer e.g. a dedicated alt.
Well, currently it does, because that is the fastest approach to building Mastercoin. It may do so in the future.
However, in case there are some scalability or other concerns that make us not want to run on top of Bitcoin, we can switch it out for another decentralized layer e.g. a dedicated alt.
Reads like an alternate currency. Overall, it all reads like it is still work in progress.
Oh why, oh why did Theymos f-up the forums? Mastercoin is not an altcoin. Now, our crap is buried in all the nonsense of the altfreaks with their scams and constant announcements of free coins. What a nightmare.
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