Topic: MasterCoin Buyer/Seller Thread - page 150. (Read 226673 times)

Thanks a lot maxmint. Do you want to PM me a mastercoin address so I can tip you?

Maxmint I've mentioned your exchange in our first blog article!  Please excuse the stock wordpress template.

Hello, Mastercoin World
http://blog.mastercoin.org/2013/10/18/hello-mastercoin-world/

Hi maxmint, I would like to buy 1000 MSC from lishbtc for 30 BTC and use you as escrow if that is okay? I know I PM'd you about this as well but he asked me to post here too Thanks

Looks great.

Here's your btc: http://blockchain.info/tx/3745181a4b81eb5a6dc1b4785cd9265747269d4606c0a7b9b7e1a16dfd9248cc

Thanks!

Tachikoma:

https://masterchest.info/lookuptx.aspx?txid=5533883f0b917729ece1e14fd204e5855896826e7b1082fd72459935c9704a07
http://mastercoin-explorer.com/transactions/5533883f0b917729ece1e14fd204e5855896826e7b1082fd72459935c9704a07

Bitoy:
https://masterchest.info/lookuptx.aspx?txid=be33e02a45eb5d9e3ab3d6abe7f526b6eefeb13ebc64bd5aeda5b45490e77e2e
Not yet showing on mastercoin-explorer

Sorry for the three bad transactions first, getting bitcoin to send from the right address is frustrating sometimes.

dacoinminster, please send the BTC to 12bDX26J84x545pzfSZouULeqjfBtAe9Lv.  Please wait for the transaction to bitoy to confirm and show on mastercoin-explorer first just to be safe.  Cheers

Forgot this was for the contest participants - I'll do the lot at .025BTC so they get a bit more

Note this sell offer is only open to dacoinminster for the coding contest.

I'm getting lots of PMs from people who missed the deadline to buy MasterCoins from the Exodus Address (MasterCoin is not an alt-chain - it is a new protocol layer being built on top of bitcoin - read about it here: https://bitcointalksearch.org/topic/mastercoin-new-protocol-layer-starting-from-the-exodus-address-265488). If you missed the deadline, or you are an early adopter looking to sell, this is the place for you!

MasterCoin/Bitcoin exchange will happen on a distributed exchange (hopefully soon), but in the meantime, I'd like to provide a meeting place for buyers and sellers, and a bit of guidance about how to go about buying and selling MasterCoins.

Some sellers are trying to get 100x-200x returns overnight, which might be a bit premature, but whatever MasterCoins are worth over the next few days, we will find out on this thread.

To buy OR sell MasterCoins, you need this software in order to make sure the transaction sending MasterCoins is properly formatted: https://bitcointalksearch.org/topic/m.2919863

New: You can also try this website, which has the same functionality: http://mastercoin-explorer.com (note the disclaimers on this site - it has limitations, and may still have some bugs)

If you are curious what the software is doing, you can read a complete breakdown of a send transaction here: https://bitcointalksearch.org/topic/m.2940318

Also, buyers will need to do some due diligence to make sure the seller actually has the MasterCoins they claim to have. Just seeing a correctly formatted transaction doesn't mean anything if the seller doesn't actually have MasterCoins to sell! If the seller got the MasterCoins via the Exodus Address, this is a bit easier, since you can check to make sure the address actually owns MasterCoins here: http://blockchain.info/address/1EXoDusjGwvnjZUyKkxZ4UHEf77z6A5S4P?offset=0&filter=0

Note that if a MasterCoin purchase has multiple input addresses, ONLY the largest input actually owns the MasterCoins!

If a seller received their MasterCoins on the giveaway thread, or purchased them from an early adopter, the due diligence gets harder. You have to check the validity of the transaction that sent them MasterCoins AND check that the address which sent them actually owned MasterCoins. Once MasterCoins have been sent a few times, this will be a very burdensome, manual process.

Also, you must check to make sure the owner hasn't already sent their coins to someone else. This is also manual.

Update: MasterCoin-Explorer.com now traces the history of MasterCoins which have been bought and then sent through the block-chain! However, this code has not been widely tested, so you should still double-check everything the best you can.

Yes, this will become considerably easier in the future, especially once we have the distributed exchange running. At that point, I expect MasterCoins will be considerably more expensive. If you're willing to do some learning now, you might still get a good deal.

Obviously there is no escrow currently for MasterCoins, so if escrow is used (I'd recommend it), the bitcoins will have to be the ones held in escrow.

User MaxMint set up an order book to keep track of the current bids and asks: https://docs.google.com/spreadsheet/ccc?key=0ApGPLGUd5ZCzdHFxbnhHQjBDSDVKamY5UHlWdkNMNWc#gid=0

Happy trading!

Thanks for your generosity lishbtc! I accept that offer of 835.2 MSC for 20.88 BTC (0.025 BTC/MSC).

If you like, you can send the MSC straight to the contest winners:

• Tachikoma gets (17.28/20.88)*835.2 = 691.2 MSC at 13NRX88EZbS5q81x6XFrTECzrciPREo821
• bitoy gets (3.6/20.88)*835.2 = 144 MSC at 1Fq37GNfyxSvnmye3QdxH6GpPAQ3enarfs

If you want to send the MSC straight to the contest winners, I'll pay you directly from the Exodus Address, otherwise I'm happy to use maxmint for escrow. Please don't be alarmed if I don't send the BTC right away. I tend to go hours at a stretch without checking email, and accessing the offline-only funds is a big pain (requires typing a password so long it makes my fingers hurt). Also, I'll be offline all weekend, as is my bizarre habit. However, if we get this going today, I should be able to pay by tomorrow at the latest.

Now, you may be asking yourself, "How do I know those are the right addresses? Maybe J.R.'s bitcointalk account got hacked." If so, I'm glad you are being appropriately paranoid! I suggest we let those addresses sit for a few hours so that Tachikoma and bitoy have a chance to confirm/deny. (I'll PM them.)

Thanks!

Hi, I would like to buy up to 500 MSC at 0.03 BTC each.

Forgot this was for the contest participants - I'll do the lot at .025BTC so they get a bit more

Note this sell offer is only open to dacoinminster for the coding contest.

Ok, moved it back.