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Topic: MasterCoin: New Protocol Layer Starting From “The Exodus Address” - page 141. (Read 448489 times)

legendary
Activity: 1358
Merit: 1003
Ron Gross
I posted a new bounty suggestion / feature request - let's have the greasemonkey script.

Is there a better place to post feature requests? (Well we can post them here / the google group, but we should really have some organized issue tracker. How about a github repo?)
legendary
Activity: 1358
Merit: 1003
Ron Gross
I have just finished preparing my MasterCoin presentation for tomorrow's meetup of Israeli Bitcoin Meetup - notes welcome (please on the Google Groups thread).

I believe we will videotape the the meetup, but I will deliver it in Hebrew so the video will be of limited use.
Still the presentation is in English, you may reuse it if you wish.
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
Oh man, thanks for the encouragement guys. It really means a lot to me. I was offline yesterday (caring for my wife who just had a minor surgery), and it was awesome to come back to see these friendly comments (and triple-digit transactions!)

My tiny slivers of project time are very focused on the next two milestones. I have a very good feeling about what will happen once MasterCoins are no longer for sale at the Exodus Address, and we have a distributed exchange set up. I think most of us (especially me) are long-term MasterCoin investors, so any influx of buyers after this month could make the price go crazy since the vast majority of them won't be available for sale Wink

Can I say that? I hope I can. This is a currency rather than a stock, so hopefully I won't get in trouble. Still I should probably mention that I am not a financial adviser (and you should consult one before investing), past performance does not predict future results, any forward-looking statements are guesses rather than guarantees, results not typical, size enlarged to show texture, and whatever else I am supposed to say to not get in trouble!
newbie
Activity: 54
Merit: 0
I was just checking on the Exodus Address to see how the project funding was coming along.  I noticed it was up to 99 transactions.

I'm afraid I only had pocket change in my Bitcoin wallet, but I couldn't resist getting it to triple digits.

Congratulations on reaching 100 transactions  Grin
hero member
Activity: 1260
Merit: 683
Popkitty.io - Blockchain Social Media
Just found this thread and I am loving the idea, keep up the great work.
full member
Activity: 154
Merit: 100
I hope things are going well with the wife and the kids, you seem like you are good at keeping a balance. Good luck on the project!
newbie
Activity: 52
Merit: 0
I would like to see Mastercoin and all its facets explained Khan Academy style, or other similar such style, at least in time.
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
Some wonderful person just invested 50 BTC at the Exodus Address!

Thanks, whoever you are. I'll do my best to make sure your MasterCoin purchase is the best purchase you ever made  Smiley
full member
Activity: 224
Merit: 100
I love them!

I don't think the Red Sea one looks enough like an "M" to use in the word MasterCoin, so that one would probably have to be revised in some way if we use it. All the Radioactive ones look good to me as part of the word. I agree that taking out the bottom part of it looks slightly better.

I'm afraid to express much opinion, since my UI/design skills are less than minimal. Anybody else have opinions?



1 and 4 are clearly the most typographically pleasant. When scaling the uniformity in the "logo" M is great and they carry little detail.

I would prefer nr 4 myself.
newbie
Activity: 54
Merit: 0
My favorite Mastercoin logos are the first (top) one, and the third one down. 

The "M" in the second logo looks like a tee pee to me, and having the bottom section in the last one makes it look less like an "M". 

Although, I must say I did like the style of the bottom "M" for the coin design earlier in this thread.
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
I love them!

I don't think the Red Sea one looks enough like an "M" to use in the word MasterCoin, so that one would probably have to be revised in some way if we use it. All the Radioactive ones look good to me as part of the word. I agree that taking out the bottom part of it looks slightly better.

I'm afraid to express much opinion, since my UI/design skills are less than minimal. Anybody else have opinions?

full member
Activity: 130
Merit: 100


The "parting of the red sea" idea is both cool and hilarious.

Could you post a couple pictures of the word "MasterCoin" with the "M" replaced by the radiation symbol one and then again with the Red Sea one? I think we can leave out the circle of 0's and 1's, although people will probably put them on our physical coins someday . . .

Regarding a bounty, I think it should be easy to pay you in MasterCoins if that is what you want. You can use a regular bitcoin client - you don't need MasterCoin-specific software until you want to spend them.


Hey I'll take anything, lol. And I'll obviously throw any btc from this into mastercoin if I get any more before the end of August.

Anyways: I edited the radioactive symbol because I feel like taking out the bottom element actually makes a more balanced design. But whatever works best for you!

legendary
Activity: 1260
Merit: 1031
Rational Exuberance
Whichever one is chosen, I'll provide vector/png formats for them and release them as open source. As far as what logos seem to be going for, I'm happy with whatever donations people would like to offer. Logos range in price so I don't really have a specific number, but typically it's between 1-2 btc.   Obviously I'd love to have access to some mastercoins so that would be great too, except I would have to download the client onto my desktop, right?

The "parting of the red sea" idea is both cool and hilarious.

Could you post a couple pictures of the word "MasterCoin" with the "M" replaced by the radiation symbol one and then again with the Red Sea one? I think we can leave out the circle of 0's and 1's, although people will probably put them on our physical coins someday . . .

Regarding a bounty, I think it should be easy to pay you in MasterCoins if that is what you want. You can use a regular bitcoin client - you don't need MasterCoin-specific software until you want to spend them.

I've been thinking maybe the Exodus Address should purchase a few MasterCoins once the distributed exchange is working, which I can then use for bounties like this. I think it would be cool to hold some of the Exodus Address funds in MasterCoins, both because I consider it a better investment than bitcoins and since (like many of you) I have no plans to sell my personal MasterCoins, even a small purchase might cause the price of them to go up quite a bit if there aren't many sellers Smiley

newbie
Activity: 39
Merit: 0
Sounds like a cool project.. If you can make it work Smiley Over 2 000 BTC in his address…
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
In the interest of total transparency, I just sent 4.5 BTC to the Exodus Address on behalf of a friend. He gave me cash to buy him some bitcoins a few weeks ago, which I have been holding for him, and when I told him about my project, he wanted to invest his bitcoins.

They don't belong to me, but I technically have control over them since I am holding them on my friend's behalf. Probably nobody cares, but I figured I should mention it.

My dad also said he was going to write me a check, so I'll do the same thing for him if he does.

Obviously, I warned both of them to only invest what they could afford to lose Smiley
legendary
Activity: 2408
Merit: 1121
I think MasterCoin's greatest value isn't necessarily in its current feature set, but rather in the infrastructure that it provides.

For this purpose, I'd like to propose a way for MasterCoin to evolve in a decentralized manner. I'm not monitoring this bitcointalk thread anymore (too noisy), but I'll monitor the specific Google Group thread if anyone has any comments.

More like - MasterCoin's biggest flaw isn't necessarily in its current feature set, but rather in the blockchain exploitation that it relies on.
legendary
Activity: 1358
Merit: 1003
Ron Gross
I think MasterCoin's greatest value isn't necessarily in its current feature set, but rather in the infrastructure that it provides.

For this purpose, I'd like to propose a way for MasterCoin to evolve in a decentralized manner. I'm not monitoring this bitcointalk thread anymore (too noisy), but I'll monitor the specific Google Group thread if anyone has any comments.
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
Giveaway thread is proceeding nicely: https://bitcointalksearch.org/topic/paused-giveaway-for-mastercoins-the-new-protocol-layer-built-on-bitcoin-272577
That's what is causing all those 0.0006 BTC transactions are on the Exodus Address: http://blockchain.info/address/1EXoDusjGwvnjZUyKkxZ4UHEf77z6A5S4P

It still looks like we're going to have a lot left over at the end, which I'll distribute to everybody on that thread. Get over there and get some if you haven't already!
legendary
Activity: 1260
Merit: 1031
Rational Exuberance

Do you mean that full rescan of blockchain is needed after each reorg?

Bitcoin nodes handle reorgs much more efficiently.

I can tell you have traveled this path before!

Initially a full rescan will be used just to keep things simple, but eventually I'll probably optimize my time/space efficiency tradeoffs.
legendary
Activity: 1022
Merit: 1033
Since unwinding bitcoin transasctions (in event of reorg) also unwinds MasterCoin transactions, I don't think anything would be needed other than a re-scan of the block-chain data.

Do you mean that full rescan of blockchain is needed after each reorg?

Bitcoin nodes handle reorgs much more efficiently.
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