another altcoin(edit: technically an internal token), that is not bitcoin. trying as much as it can to pretend its linked to bitcoin, purely so it can grab some ICO (premine) investment by grabbing onto bitcoins fame..
in short a pump and dump oppertunity..
if only these altcoins/central internal tokens actually concentrated on the business/usage of their 'coin' long term. and not the premine pump by exaggerating what it actually is..
we all know that an advertising platform to rival googles adsense would be great for the crypto ecosystem. but this 'masscoin' seems to be concentrating more on the premine pump and dump, rather then the long term usefulness..
as for saying they control the price.. then i guess that makes them just another centralized onecoin scheme where there is only one centralized exchange to buy and sell these premined coins..
all in all.. i see it as a flop.
edit
after checking the links of the article and seeing the source and conversations...
https://www.reddit.com/r/Bitcoin/comments/50he2a/bitcoin_superteam_creates_mass_a_blockchainbased/d74kbw7"The reason we need the internal system of money is also very simple. We are trying to create a stable marketplace. Look at nations. What do they do to protect the local market? They restrict both goods and money flow across the border. We are creating the border. And borders are good.
"
seems its an "internal" system of money..
now the alarm bells are ringing. because its not a true decentralized ledger, not a user having sole/full control of their value, not an open network where anyone can make their own exchange...
its sounding more like a onecoin scam with just an adsense faucet added to hide that its a onecoin scam.
i read the website and all the details and in short. i cannot see it lasting
the advertising concept is compelling..
but the centralized token, ICO presell, seems to make it just another fluffy poster for a pump and dump. and the longterm view of the advertising scheme doesnt seem sstainable.
for instance say an advertiser wants details of users aged 18-35. they can make an offer for $0.0001 per user..
then separately and away from 'mass'.. they can sell that info to 100 other advertizers for $0.0001 per user(making 99x profit). meaning the user only gets $0.0001 from mass. but now the advertiser is getting $0.01 for that users data sold privately. and now that user is getting spammed by 101 companies and not earning any funds from the spam.
meaning the user gives up because he doesnt want to have to click on 1000 adverts to earn 10cents and get 100,000 spam emails due to it.
