Topic: MasterCoin Buyer/Seller Thread - page 5. (Read 226647 times)

BitThink. See the pattern above, for reason to not take the abuse personally, but i can see you dont need that, as that last post will discombobulate his boorish brain. 
He just doesnt get how much emotion he has invested in MSC. If only he understood the virtues of diversity......monetary and psychologically.

Cue the abuse.   

Ignoring your first and last sentence, I think your post is still valuable and your opinion is reasonable.

The dump from JR and Graz of course is one of the main reasons, but the competition is also a valid reason. I believe the old investors, including me, are still holding, but the new demand may be diversified by the new choices. Let's assume there're no Nxt and XCP, then probably at least some part of them would choose to buy MSC, and we will certainly see a higher MSC price.

Anyway, if the DEX released soon is stable and usable enough, people will just come and the price will rise significantly. Therefore, as I said before, the price depends on the progress rather than what we say here. 

I don't.  Fuck you.

The current price of MSC only has to do with the over selling of shares by JR and Grazcoin who dumped a load of shares into a thinly traded market.  I'll bet 99% of MSC holders remain very optimistic about the future and progress.  Even those selling JR and Graz - have not lost faith in the project.  

You anticipate the notion that the price has gone down because people have less belief of success today than at some earlier time.  I challenge that notion.  Unloading a lot of shares into a weakly traded market caused the price drop - not slow development.  

I am going to tell you one more time, shut the fuck up and go buy more MSC.  What the hell kind of moron buys Dogecoin and XCP anyway?

I think you have some problem in understanding other's words, as I have told you again and again that I am not blaming anyone here. What I said was just that slow progress BEFORE contributes to current low price of MSC. From now on, the foundation should better to spend fund quicker and hire more full time developers so that MSC will not lose the first arriver advantage. Please don't keep attacking the straw man.

Moreover, all those dirty words do not make you cool, but only dirty in this community. In this forum, you are what you said. Therefore, I really suggest you to watch your mouth and behave like a civilized adult, in case you cherish your account.

Here are some facts: you are a pain in the ass.  

If you don't like the pace of Mastercoin, you are permitted to fork the protocol and run yours at any pace you see agreeable.  Please stop accusing the team of insufficient progress and go build your own thing if you are dissatisfied.  You will learn later it is a great insult to suggest those guys who have been busting their ass late at night are not getting far enough, fast enough for your tiny investment to perform to your expectations.  I assure you, quite a good number of people here are 'all in'.  Have you seen what Johnston has done?  He has worked very hard tirelessly to advance the community.  Now shut the fuck up until you understand what you are saying - and then still shut the fuck up.

promises, promises.  I wish we had your 'last word'.

Panel Ethereum, Mastercoin, Protoshares (video)

https://www.youtube.com/watch?v=w-9miCOsg4g#t=1541

In stead of opinions, I will just list some facts here.
The white paper version 0.1 was published on 1/6/2013, and the fund raising was finished on 31/8/2013. Back in November, Peter Todd was hired full time as a scientist. Tachikoma (author of Mastercoin-explorer) and his friend was hired full time on late December (but will only be really full time until April 2014), and Zathras (author of Masterchest.info) on 10 January.

I invested more on MSC than XCP. If I am not interested on MSC, I will not be here.

I've only had two sigs ever. The current one is to promote my own explorer site (now replaced with a better one developed by mtbitcoin), and the previous one is to promote Mastercoin faucet.

Last word, remember the price of MSC only depends on the progress of the project, not people saying good or bad here. Fortunately, JR and the foundation took the complaints seriously and not like what you did here.

Not according to this post:
http://www.nl.reddit.com/r/mastercoin/comments/1wieea/mastercoind_update_from_maran_and_jeff_go/

"Note that Maran & Jeff were only employed at a 20% during January. This will change to 100% pretty in Feb, and development speed is bound to increase significantly."

Let people sell their MSC to buy eMunie.  Who cares?  This only reduces the price of MSC - it doesn't subtract from the value.  The value of the Master protocol lies in the functionality which can be built rather than the current price on the MasterXchange.  Because the MSC market is so very thin and inefficient the price means almost nothing.  A few jittery speculators can take the price from .25 to .10 in a few days.  The only people who care about that are those who are forced to liquidate a MSC position today.  However, those who will be holding MSC for more than 1 year don't give a damn what the price is today.  In one year, the true value of MSC will start to show.  The price will reflect the value of MSC then. Today, the price is merely wild speculators jumping from one ship to another without regard whatever for the underlying technology.  

Look at NXT - garbage.  Solves nothing at all.  The 'green' solution.  lol.  Energy consumption via mining is very small.  Nobody is leaving the bitcoin for eco-reasons.  Yet, some good marketing and Wham!  Market cap of billions.  Speculators are easily moved by hype.  But that doesn't effect how fast the coders at MSC can write good code.  People come to these forums screaming and yelling about urgency - to pump up their position and the price of their current bet.  All of these projects will take time to build well.  

If you want to make a quick buck - go tell the world how important Dogecoin is - then sell next week.  Otherwise, think of some way you can contribute to making Mastercoin more useful.  Bitthink isn't doing anyone favors by standing around yelling 'hurry'.  Contrary to what he says, MSC is advancing at a very good pace.  His failure to understand this only affects very few people and most of those a mere speculators playing with various alts.  

I agree there are good things going on. Thing is everyone's buying into the hype of these new releases that over-promise  and will most likely under-deliver.

What people don't get is that MSC has 1st mover advantage, which is way bigger than people think. They have a distributed exchange in very advanced stage, which competition doesn't have. All competition has is decentralized chat and BS like that, something that existed for years (checkTorchat).

I also think you've misread BitThink. He's not impatient. He just owns stake in this other 2.0 coin, just check his sig. Not even sure he owns any MSCs. He obviously owns way more Counterparty coins tham Mastercoin judging by his sig.

However, I don't see MSC price going up short term because of these new upcoming releases eMunie and Ethereum. Lots of people will buy into that. This Max coin, which is another crap coin is getting lots of hype also. This context offers best Mastercoin buying opportunity since the Exodus address IPO.

Impatient idiots like BitThink want this to happen overnight.  I think the opposite of him.  MSC made insane steps forward in the first two months.  JR was very excited by the progress from day 1 and I was too.  Rome wasn't built in a day.  BitThink just wants it to be released overnight.  This shows he doesn't understand software development.  That isn't how it works.  If MSC had 25 million in the bank, they could spin up a staff of 10 overnight and pay out all the old work contracts.  But that is not necessary.  What's the hurry? 

This is what the board did after a couple of bounty projects. Back in november, they hired the best elements (almost all).

Can you imagine that almost all the DEV were already working and decided to drop their jobs and bosses to switch to MSC. It's not happening in 1 day. So it took a couple of weeks to regulate their situations and switch full time to MSC project. End of March tachikoma & his buddy/colleague will be 100% available.


http://blog.mastercoin.org/2013/12/31/introducing-first-two-full-time-mastercoin-developers/

While you have some points, do remember that Python allows a very rapid prototyping of concepts. In fact, BTC itself was prototyped in Python first.
So while in the long term, switching to any typesafe language is definitely preferable, for testing the concepts Python will do just well.

Thank you, peled1986. Really appreciate your help in clarification.

I agree with you. Actually I prefer Go to Java. I planned to rewrite the whole counterpartyd with Go, but failed due to lack of time. It, however, may not take a lot of work. I guess an experienced Go programmer (better than me) could finish porting in less than a week.

They initially try to test XCP with test BTC, but found nobody is testing cause almost no one is using test BTC. Building test XCP based on real BTC, like MSC did, could be a better idea.

Don't get me wrong. I'm not saying anything like the developers are not working hard. I'm just saying they could be hired full time long ago and then the progress could be much faster. In that case, the Dex would've not been in an 'alpha' state at all.

I respect all the developers of Mastercoin for their hard working, but remember they were doing their hard working within their precious leisure time. They can only have the chance to leave their day jobs now. The four implementations you mentioned were all come from community, not by full time developers. Some of them are even not for bounties. I credit those to the great community, rather than the foundation which has more than enough funds.

When I said there's no code, I mean the reference implementation of Mastercoind (written in Go). I know Tachicoma and his friend will work on it, but since they haven't left their previous jobs yet, so I don't think there're much progress yet. I will be happy if I am wrong.

BTW, I don't like personal attacking like you did. I own significantly more than 3 MSC, but that does not matter. Owning more MSC will not make my statement true, less not make it false. I just try to evaluate the current situation as objective as I can. No hype and no FUD.

To be fair XCP was also a hurry launch, counterpartyd code can barely held together. Their approach is to release alpha product and let users test with real xcp. Reference client shouldn't be done in python as library dependency issues, plus it's not type safe, the client has been crashing many times due to runtime exceptions, silly bugs, etc. I hope the community help rebuilding it as something self-contained like a jar package.

Just a correction to above, both are professional and experienced developers, holding advanced CS degrees. I don't know J.R. personally, but I can attest that Ron has a rich resume (including position at Google), so it would be incorrect to label them as such.

Management is a bit different animal, and while it indeed took them a little time to get started, I expect that competition with XCP and other 2nd gen's will only be for the benefit of the MSC community.

I prefer to think of MSC as long-term start-up, similar in it's approach to Google, which prefers long term revenues over short-term gains, stably increasing the MSC price over time. Time will tell how well this approach works in the frenzied crypto world.

I am sure BitThink knows there is code at work. His point was that he thinks progress could have been faster. Do you disagree? I think even J.R will agree to that, he left his job to speed development. From the Master Protocol Developer Updates it does seem that the developers are working double-overtime.