Read up on Mastercoin, it's blockchain is bitcoin. I guess there is a risk of someone finding out a way to exploit the way it is implemented though.
Of course!
Thanks
Topic: MaidSafeCoin - risk from Mastercoin platform? (Read 659 times)
Of course!
Thanks
Read up on Mastercoin, it's blockchain is bitcoin. I guess there is a risk of someone finding out a way to exploit the way it is implemented though.
As I understand it, the MaidSafeCoin tokens are secured on by the Mastercoin blockchain. I am aware you can trade them on centralised exchanges (Polo) but they too must record changes on the Mastercoin public ledger. So does it follow that the success of MaidSafeCoin relies on the success and continuation of Mastercoin?
I presume MaidSafe will launch and separate from Mastercoin at some point, anyone know when this will be? Is anyone still involved in Mastercoin to comment?
Seems strange a $20M marketcap is dependent upon people caring about the continuation of platform that is less than 10% its size and you don't hear much of. If the Mastercoin network folded, the trustless record of who owns which MaidSafe fractures with the inevitable fallout. Seems like a little understood risk to me, unless I am missing something.
It is of course true any asset is reliant on it's platform, but the risks with Mastercoin seem an order of magnitude higher to me.
I presume MaidSafe will launch and separate from Mastercoin at some point, anyone know when this will be? Is anyone still involved in Mastercoin to comment?
Seems strange a $20M marketcap is dependent upon people caring about the continuation of platform that is less than 10% its size and you don't hear much of. If the Mastercoin network folded, the trustless record of who owns which MaidSafe fractures with the inevitable fallout. Seems like a little understood risk to me, unless I am missing something.
It is of course true any asset is reliant on it's platform, but the risks with Mastercoin seem an order of magnitude higher to me.
Jump to: