Topic: MasterCoin Buyer/Seller Thread - page 139. (Read 226689 times)

I added a very simple price chart to the order book:
https://docs.google.com/spreadsheet/ccc?key=0ApGPLGUd5ZCzdHFxbnhHQjBDSDVKamY5UHlWdkNMNWc#gid=1

Please note that this only includes trades that I escrowed.
I know this is not very sophisticated, but it helps identifying a trend.

Now you see where I got my 2 BTC per Mastercoin price from. I calculated the total number of Mastercoins which will ever exist against the total number of Bitcoins. I also considered factors such as the chance of Bitcoins being confiscated. I think Bitcoins will be confiscated far more often than Mastercoins. There are unknown variables of course and this is still the speculation phase. Until we have a working exchange and until we see progress on the protocol itself the price I have in the sell order is based on what I believe Mastercoin will be worth just prior to a completed decentralized exchange. I'd be willing to sell for a range between 1.5 and 2 BTC per Mastercoin. Any less and I'll just wait until it the decentralized exchange is working.

Mastercoins are divisible so we can sell cheaper if we sell in smaller portions of 0.1 for instance. I don't think there will be a problem with demand if it works. I do agree right now it's in demand because a lot of people need a decentralized exchange, and a lot of people are looking at factors like the amount of development/contest resources, the level of marketing (the fact that Mastercoin has websites already says a lot about it), the particular people involved with it and their level of talent, all of that goes into setting the price.

But the value isn't the same as the price. Right now it's got no value yet because we cannot do anything with it so the price is based on a prediction of what we expect the value to be once completed. We are basically buying at these prices because we believe in the developers and in JR to follow through and meet our expectations.


After Mastercoin has value we will need a speculation thread. Right now it's too soon to create one. The time to create a speculation thread is when the first working Mastercoin client is released. Until we have a wallet which works, there is no way to predict the demand until we can figure out how many people are downloading that wallet.

The next thing to do would be to see what happens once we have a decentralized exchange with smart property. I think that will be the big coming out event.

Added to the order book. My tipping address is 1Q8HXQ2eY3mXufRZUdzqoV15t9EQ15y42i – thanks.

I have a buyer (200MSC @ 0.12) since yesterday but we couldn't do escrow. So we postponed it till today when escrow would be available so I'm waiting for the buyer to come online before I can complete the deal and have Maxmint delete my ask. Sorry for the confusion.

Maxmint please add another offer in the order book:

75MSC for 0.5BTC each, total 37.5BTC

I am proceeding with resending the 25MSC to HammerFist.

Also give me a unique BTC address of yours to tip you!

The order book is a bit confusing, there are a lot of bids at 0.1 and 0.120 and still people traded at 0.14 last night
What is the lowest bid available? Meanwhile I would like to thank Max for this painful job of ordering our hazy speculations

Welcome back maxmint

oh and I think you can remove klee's offer too.

I would sell 15 more msc for 3BTC 

  I don't need to be online for the completion of a trade. Once the seller sees incoming funds on the escrow address, he sends Mastercoins directly to the buyer.


Edited the order book to reflect these changes.

True. I had many offers in the 0.12-0.13 range but I decided to sell on 0.1 instead!
We have to see more long term - we need many people in this in no bubble prices..

Just a suggestion to MSC holders. There is no benefit of pumping the price at this point when the price is based on pure speculation and future hopes. Actually selling MSC at a fair price will increase the amount of people involved in the  Mastercoin ecosystem which benefits the project much more.

You think? j5t has already said he stole 10 btc.

This is why we need a MSC exchange asap.

Q is probaly a liar.

I also meet "Q",and he use "bitmerch.com",he want to sell me some MSC with very suitable price. I told Maxmint,and I thank he is lie.

Just a heads up on this: he does indeed appear to have done a runner.

Communication was quick, then I deposited the money. Communication stopped, though he has been online several times since. A harsh, 10 BTC lesson learned.

Due your due diligence people. You are not immune.

Please add my buy order:
200 MSC for 10 BTC

If you are correct, I believe I may be too late.

There is a member called "Q" trying to deal with escrow service "bitmerch.com" please be safe and deal with "Maxmint" only or someone you can really trust.
Hes deal was very fishy.

Just warning other members.

This is a bearish signal. I think its time to create a Mastercoin Speculation thread....