MasterCoin: New Protocol Layer Starting From “The Exodus Address” - page 57.

dacoinminster

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Rational Exuberance

Quote from: vokain on November 27, 2013, 06:25:32 PM

Quote from: bitexch on November 27, 2013, 05:52:35 PM

Quote from: vokain on November 27, 2013, 05:45:29 PM

Quote from: bitexch on November 27, 2013, 05:31:56 PM

Quote from: Patel on November 27, 2013, 04:19:42 PM

Quote from: bitlo on November 27, 2013, 04:17:36 PM

that suggestion was turned down i believe

great to know

Can someone from the board confirm that JR's proposed buy back was turned down?

Indeed it was. From a practical standpoint, too much monetary friction (like you said with the developers cashing out), among other things.

Thank you. Was this decision published somewhere?

The fact that there is any ambiguity regarding the result of such a major decision is a bad thing. I suggest that the board think of a way to publish important decisions that is hard to miss.

I don't believe so. The board didn't approve of the actual proposal of the buyback in the first place to even declare that a decision was made.

This is still being discussed as of today, but it seems unlikely at this point. I still think it is the right thing to do, but we can't do it without a pretty clear consensus.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: bitexch on November 27, 2013, 05:52:35 PM

Quote from: vokain on November 27, 2013, 05:45:29 PM

Quote from: bitexch on November 27, 2013, 05:31:56 PM

Quote from: Patel on November 27, 2013, 04:19:42 PM

Quote from: bitlo on November 27, 2013, 04:17:36 PM

that suggestion was turned down i believe

great to know

Can someone from the board confirm that JR's proposed buy back was turned down?

Indeed it was. From a practical standpoint, too much monetary friction (like you said with the developers cashing out), among other things.

Thank you. Was this decision published somewhere?

The fact that there is any ambiguity regarding the result of such a major decision is a bad thing. I suggest that the board think of a way to publish important decisions that is hard to miss.

I don't believe so. The board didn't approve of the actual proposal of the buyback in the first place to even declare that a decision was made.

bitexch

member

Activity: 70

Merit: 10

Quote from: vokain on November 27, 2013, 05:45:29 PM

Quote from: bitexch on November 27, 2013, 05:31:56 PM

Quote from: Patel on November 27, 2013, 04:19:42 PM

Quote from: bitlo on November 27, 2013, 04:17:36 PM

that suggestion was turned down i believe

great to know

Can someone from the board confirm that JR's proposed buy back was turned down?

Indeed it was. From a practical standpoint, too much monetary friction (like you said with the developers cashing out), among other things.

Thank you. Was this decision published somewhere?

The fact that there is any ambiguity regarding the result of such a major decision is a bad thing. I suggest that the board think of a way to publish important decisions that is hard to miss.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: bitexch on November 27, 2013, 05:31:56 PM

Quote from: Patel on November 27, 2013, 04:19:42 PM

Quote from: bitlo on November 27, 2013, 04:17:36 PM

that suggestion was turned down i believe

great to know

Can someone from the board confirm that JR's proposed buy back was turned down?

Indeed it was. From a practical standpoint, too much monetary friction (like you said with the developers cashing out), among other things.

bitexch

member

Activity: 70

Merit: 10

Quote from: Patel on November 27, 2013, 04:19:42 PM

Quote from: bitlo on November 27, 2013, 04:17:36 PM

that suggestion was turned down i believe

great to know

Can someone from the board confirm that JR's proposed buy back was turned down?

bitexch

member

Activity: 70

Merit: 10

Quote from: crazy_rabbit on November 27, 2013, 04:08:34 PM

Quote from: bitexch on November 27, 2013, 09:03:05 AM

It should be said explicitly that Mastercoin's "first-mover advantage" - which JR mentions in his white paper - may disappear. Another project may hire full time developers, copy the Mastercoin code that has already been written, and complete its project before Mastercoin. This is not some highly improbable "worst case scenario", but a distinct possibility that everyone involved in Mastercoin should be concerned about.

This is not meant as a criticism of Mastercoin's current developers who, I know, are devoting what time they have to the project. What I write is directed at the board, which, in my view, is getting caught up in peripheral parts of the project, and is deferring judgment on questions of immediate importance. Rather than debating what currency we are going to pay developers in, we should hire developers!

EDIT: We should hire developers and, at least for now, simply ask them in what currency they would like to be paid.

Well, at least mastercoin has a few million dollars in it's development chest at this point. :-)

The point is that we should try not to make mistakes (such as not hiring developers when we have millions of dollars), and if we do make a mistake we should try to correct it as quickly and effectively as possible. It's a big project and there will undoubtedly be real difficulties to overcome as the project develops; therefore I can't see the sense in not resolving those problems that are within our control, and I think that pointing to Mastercoin's advantages in order to excuse its self-imposed disadvantages is the wrong attitude.

Patel

legendary

Activity: 1321

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Quote from: bitlo on November 27, 2013, 04:17:36 PM

that suggestion was turned down i believe

great to know

bitlo

newbie

Activity: 19

Merit: 0

Quote from: Patel on November 27, 2013, 04:12:27 PM

Quote from: crazy_rabbit on November 27, 2013, 04:08:34 PM

Quote from: bitexch on November 27, 2013, 09:03:05 AM

It should be said explicitly that Mastercoin's "first-mover advantage" - which JR mentions in his white paper - may disappear. Another project may hire full time developers, copy the Mastercoin code that has already been written, and complete its project before Mastercoin. This is not some highly improbable "worst case scenario", but a distinct possibility that everyone involved in Mastercoin should be concerned about.

This is not meant as a criticism of Mastercoin's current developers who, I know, are devoting what time they have to the project. What I write is directed at the board, which, in my view, is getting caught up in peripheral parts of the project, and is deferring judgment on questions of immediate importance. Rather than debating what currency we are going to pay developers in, we should hire developers!

EDIT: We should hire developers and, at least for now, simply ask them in what currency they would like to be paid.

Well, at least mastercoin has a few million dollars in it's development chest at this point. :-)

Maybe not for long, someone was talking buying Mastercoin with the Bitcoins fundraised, and paying the developers in Mastercoin. Pretty sure this would just harm the project. It will also create a pump from initially acquiring the Mastercoins, and then a dump when the developers sell them to pay their real life expenses.

that suggestion was turned down i believe

Patel

legendary

Activity: 1321

Merit: 1007

Quote from: crazy_rabbit on November 27, 2013, 04:08:34 PM

Quote from: bitexch on November 27, 2013, 09:03:05 AM

It should be said explicitly that Mastercoin's "first-mover advantage" - which JR mentions in his white paper - may disappear. Another project may hire full time developers, copy the Mastercoin code that has already been written, and complete its project before Mastercoin. This is not some highly improbable "worst case scenario", but a distinct possibility that everyone involved in Mastercoin should be concerned about.

This is not meant as a criticism of Mastercoin's current developers who, I know, are devoting what time they have to the project. What I write is directed at the board, which, in my view, is getting caught up in peripheral parts of the project, and is deferring judgment on questions of immediate importance. Rather than debating what currency we are going to pay developers in, we should hire developers!

EDIT: We should hire developers and, at least for now, simply ask them in what currency they would like to be paid.

Well, at least mastercoin has a few million dollars in it's development chest at this point. :-)

Maybe not for long, someone was talking buying Mastercoin with the Bitcoins fundraised, and paying the developers in Mastercoin. Pretty sure this would just harm the project. It will also create a pump from initially acquiring the Mastercoins, and then a dump when the developers sell them to pay their real life expenses.

bitlo

newbie

Activity: 19

Merit: 0

Quote from: bitexch on November 27, 2013, 09:03:05 AM

It should be said explicitly that Mastercoin's "first-mover advantage" - which JR mentions in his white paper - may disappear. Another project may hire full time developers, copy the Mastercoin code that has already been written, and complete its project before Mastercoin. This is not some highly improbable "worst case scenario", but a distinct possibility that everyone involved in Mastercoin should be concerned about.

This is not meant as a criticism of Mastercoin's current developers who, I know, are devoting what time they have to the project. What I write is directed at the board, which, in my view, is getting caught up in peripheral parts of the project, and is deferring judgment on questions of immediate importance. Rather than debating what currency we are going to pay developers in, we should hire developers!

EDIT: We should hire developers and, at least for now, simply ask them in what currency they would like to be paid.

he raises a valid concern though

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: bitexch on November 27, 2013, 09:03:05 AM

It should be said explicitly that Mastercoin's "first-mover advantage" - which JR mentions in his white paper - may disappear. Another project may hire full time developers, copy the Mastercoin code that has already been written, and complete its project before Mastercoin. This is not some highly improbable "worst case scenario", but a distinct possibility that everyone involved in Mastercoin should be concerned about.

This is not meant as a criticism of Mastercoin's current developers who, I know, are devoting what time they have to the project. What I write is directed at the board, which, in my view, is getting caught up in peripheral parts of the project, and is deferring judgment on questions of immediate importance. Rather than debating what currency we are going to pay developers in, we should hire developers!

EDIT: We should hire developers and, at least for now, simply ask them in what currency they would like to be paid.

Well, at least mastercoin has a few million dollars in it's development chest at this point. :-)

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Tachikoma on November 27, 2013, 07:48:37 AM

Try pycrypto instead

Now it works - thank you!

bitexch

member

Activity: 70

Merit: 10

It should be said explicitly that Mastercoin's "first-mover advantage" - which JR mentions in his white paper - may disappear. Another project may hire full time developers, copy the Mastercoin code that has already been written, and complete its project before Mastercoin. This is not some highly improbable "worst case scenario", but a distinct possibility that everyone involved in Mastercoin should be concerned about.

This is not meant as a criticism of Mastercoin's current developers who, I know, are devoting what time they have to the project. What I write is directed at the board, which, in my view, is getting caught up in peripheral parts of the project, and is deferring judgment on questions of immediate importance. Rather than debating what currency we are going to pay developers in, we should hire developers!

EDIT: We should hire developers and, at least for now, simply ask them in what currency they would like to be paid.

Tachikoma

hero member

Activity: 938

Merit: 1000

There is just as much chance of that happening as you would find the private key to any other address

abuelau

hero member

Activity: 750

Merit: 500

www.coinschedule.com

Quote from: zathras on November 27, 2013, 06:04:32 AM

Quote from: abuelau on November 27, 2013, 05:59:23 AM

Guys, today I sent MSC for the first time (from me to myself!) and I was very excited that it worked.

But I don't understand why it worked! Huh

I used MasterCoinAdvisor, I input the amount I want to send, etc. So far so good. Then, it tells me to send 0.00006 BTC to 3 addresses, I used Blockchain.info to send it.

What I don't understand though is this: I tell MasterCoinAdvisor how much MSC I want to send, but then I don't use that information anywhere when sending the 0.00006 BTC to the 3 addresses in Blockchain. So does this mean that MasterCoinAdvisor is communicating with the Mastercoin network somehow to record the information about my transaction before I send the 3 x 0.00006 BTC and then when I do send the 3 x 0.00006 BTC that's when the Mastercoin network acknowledges the transaction as valid?

If that's the case, then who is MasterCoinAdvisor communicating with exactly to store my transaction information before I send the 3 x 0.00006 BTC?

The data for your transaction is encoded into the 3rd output address from MastercoinAdvisor (known as the data address).

Ah, I see.

So this means that there's a (very small) chance that the data address is already someone's wallet and they will get a BTC 0.00006 transaction out of the blue?

Tachikoma

hero member

Activity: 938

Merit: 1000

Try pycrypto instead

TomHirsch

newbie

Activity: 41

Merit: 0

Quote from: Luckybit on October 28, 2013, 03:11:55 PM

and then run the PR campaign to put it into the media.

How's that PR campaign going anyway? Did we see any measurable results for our $6000/wk? Or did that money just disappear?

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Tachikoma on November 27, 2013, 07:05:32 AM

Quote from: Rampion on November 27, 2013, 06:48:55 AM

I don't know what's pip Wink

On linux python version is 2.7.5+

Try running the executable and see if you have it installed on your OS X version.

If not (sudo) easy_install pip and then the pip install again.

After installing pip I get this:

Downloading/unpacking python-crypto
Could not find any downloads that satisfy the requirement python-crypto
Cleaning up...
No distributions at all found for python-crypto

Tachikoma

hero member

Activity: 938

Merit: 1000

Quote from: Rampion on November 27, 2013, 06:48:55 AM

I don't know what's pip Wink

On linux python version is 2.7.5+

Try running the executable and see if you have it installed on your OS X version.

If not (sudo) easy_install pip and then the pip install again.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Tachikoma on November 27, 2013, 06:41:38 AM

Quote from: Rampion on November 27, 2013, 06:39:35 AM

Quote from: Tachikoma on November 27, 2013, 06:32:48 AM

Quote from: Rampion on November 27, 2013, 06:30:49 AM

Quote from: Tachikoma on November 27, 2013, 06:22:45 AM

Quote from: Rampion on November 27, 2013, 06:17:37 AM

Any ETA for a Mastercoin advisory that works on Linux and OSX? I only see a Windows executable, and Windows is a PITA...

The original script is Python and will work anywhere

I tried hard to compile it on OSX but it doesn't work, it gives an error once you have entered all the parameters.

I cannot get it to work on Linux neither...

Couldn't you post clear, step by step compilation instructions for OSX and Linux? I think it will help a lot the OTC trading, right now everybody I speak to is using the Windows executable.

You don't have to compile it. You just run the script with Python. If you give me the error I will try to help you solve it.

OSX says "ImportError: No module named Crypto.Hash.SHA256"

Linux says "zero length field name in format" when I enter the destination addy for the MSC

OSX should be fixed by pip install python-crypto if you have pip installed.

Is Linux python 2.6?

I don't know what's pip Wink

On linux python version is 2.7.5+

Topic: MasterCoin: New Protocol Layer Starting From “The Exodus Address” - page 57. (Read 448462 times)