97% of my MSC are now split between 10 offline cold-storage wallets which are in a safe deposit box at the bank, where I expect to keep them for a long, long time.
I'll sleep so much better at night now.
I'll sleep so much better at night now.
Topic: MasterCoin: New Protocol Layer Starting From “The Exodus Address” - page 60. (Read 448462 times)
November 24, 2013, 07:48:01 PM
November 24, 2013, 07:43:19 PM
97% of my MSC are now split between 10 offline cold-storage wallets which are in a safe deposit box at the bank, where I expect to keep them for a long, long time.
I'll sleep so much better at night now.
I'll sleep so much better at night now.
November 24, 2013, 07:15:21 PM
What about a network of Mastercoin super-nodes gateways, not for Fiat but for adjoining the currently Bitcoin situated Mastercoin protocol, with other crypto-currency block-chains? This would facilitate distributed any-coin <-> any-coin trades, as currently roughly implemented for BTC <-> MSC. With this type of gateway, Bitcoin can continue its main lead as a store of value, even if other alts eventually prove better as means of exchange.
While this is probably technically feasible, it won't be high on the priority list for MSC implementation. One of the main reason it was decided to implement MSC on top of BTC instead of a separate blockchain, was the snubness toward altcoins the btc elite had.
November 24, 2013, 07:08:12 PM
When i use MastercoinAdvisor
The consol shut down right after enter the receving address
i have to make a quick screenshoot for save the information needed
I'm alone with this problem ?
Thanks
Also how to copy/past in the console ?
The consol shut down right after enter the receving address
i have to make a quick screenshoot for save the information needed
I'm alone with this problem ?
Thanks
Also how to copy/past in the console ?
It depends how you launch it; Double clicking the script file simply executes it and returns to the (Windows) shell. Either use a command prompt to launch the advisor script (py or python [path to MastercoinAdvisor], assuming python is in your PATH) or open the GUI IDLE python shell and load to advisor there to execute.
November 24, 2013, 06:01:58 PM
I just had an interesting idea for Mastercoin Gateways.
You might be familiar with the concept of Ripple Gateways.
The primary function of a Ripple Gateway is accepting Fiat from customers, and "converting" it to "Fiat IOUs" which are then sent to clients.
You can come into this Gateway, wire it USD, and get USD IOUs in return.
Well, we can easily translate that idea into trust-less Mastercoin Gateways.
A Mastercoin Gateway would be a business or entity that accepts fiat and sends back the same fiat in the form of a CFD or backed currency.
I call it "trust-less" because once the deal is finished, you no longer need to have any trust or relation with the Gateweay, unlike Ripple Gateways which require the Gateway to keep functioning because it owes you money.
Real world Mastercoin exchanges could double as Gateways - regulation for these might vary, or might be the same, per state and regulatory environment.
You might be familiar with the concept of Ripple Gateways.
The primary function of a Ripple Gateway is accepting Fiat from customers, and "converting" it to "Fiat IOUs" which are then sent to clients.
You can come into this Gateway, wire it USD, and get USD IOUs in return.
Well, we can easily translate that idea into trust-less Mastercoin Gateways.
A Mastercoin Gateway would be a business or entity that accepts fiat and sends back the same fiat in the form of a CFD or backed currency.
I call it "trust-less" because once the deal is finished, you no longer need to have any trust or relation with the Gateweay, unlike Ripple Gateways which require the Gateway to keep functioning because it owes you money.
Real world Mastercoin exchanges could double as Gateways - regulation for these might vary, or might be the same, per state and regulatory environment.
What about a network of Mastercoin super-nodes gateways, not for Fiat but for adjoining the currently Bitcoin situated Mastercoin protocol, with other crypto-currency block-chains? This would facilitate distributed any-coin <-> any-coin trades, as currently roughly implemented for BTC <-> MSC. With this type of gateway, Bitcoin can continue its main lead as a store of value, even if other alts eventually prove better as means of exchange.
November 24, 2013, 10:39:56 AM
Good news, mastercoind is under development, see my last post over at: https://bitcointalksearch.org/topic/mastercoind-proposal-to-speed-development-please-read-vote-and-comment-344229
Goal is to make a fully functional version that can parse simple sends (Class A and B). From there it can be extended.
After I get the initial version out, hopefully others can hack on it to and improve it to handle DEx transactions, and more. Would love to see a full time dev maintaining this!
Goal is to make a fully functional version that can parse simple sends (Class A and B). From there it can be extended.
After I get the initial version out, hopefully others can hack on it to and improve it to handle DEx transactions, and more. Would love to see a full time dev maintaining this!
November 24, 2013, 10:20:51 AM
November 24, 2013, 07:28:21 AM
Wow, ripple over btc networker
November 24, 2013, 04:16:53 AM
I just had an interesting idea for Mastercoin Gateways.
You might be familiar with the concept of Ripple Gateways.
The primary function of a Ripple Gateway is accepting Fiat from customers, and "converting" it to "Fiat IOUs" which are then sent to clients.
You can come into this Gateway, wire it USD, and get USD IOUs in return.
Well, we can easily translate that idea into trust-less Mastercoin Gateways.
A Mastercoin Gateway would be a business or entity that accepts fiat and sends back the same fiat in the form of a CFD or backed currency.
I call it "trust-less" because once the deal is finished, you no longer need to have any trust or relation with the Gateweay, unlike Ripple Gateways which require the Gateway to keep functioning because it owes you money.
Real world Mastercoin exchanges could double as Gateways - regulation for these might vary, or might be the same, per state and regulatory environment.
You might be familiar with the concept of Ripple Gateways.
The primary function of a Ripple Gateway is accepting Fiat from customers, and "converting" it to "Fiat IOUs" which are then sent to clients.
You can come into this Gateway, wire it USD, and get USD IOUs in return.
Well, we can easily translate that idea into trust-less Mastercoin Gateways.
A Mastercoin Gateway would be a business or entity that accepts fiat and sends back the same fiat in the form of a CFD or backed currency.
I call it "trust-less" because once the deal is finished, you no longer need to have any trust or relation with the Gateweay, unlike Ripple Gateways which require the Gateway to keep functioning because it owes you money.
Real world Mastercoin exchanges could double as Gateways - regulation for these might vary, or might be the same, per state and regulatory environment.
November 24, 2013, 12:12:45 AM
Hey guys!
Posted this on reddit just awhile ago. Here is a dropbox folder with a bunch of logo/icon files that anyone can use for your Mastercoin projects. (Or whatever really)
https://www.dropbox.com/sh/x1u9un58o3zr86a/3skRymo5uq?lst
See ya!
nice！ Posted this on reddit just awhile ago. Here is a dropbox folder with a bunch of logo/icon files that anyone can use for your Mastercoin projects. (Or whatever really)
https://www.dropbox.com/sh/x1u9un58o3zr86a/3skRymo5uq?lst
See ya!
November 24, 2013, 12:11:02 AM
Hey guys!
Posted this on reddit just awhile ago. Here is a dropbox folder with a bunch of logo/icon files that anyone can use for your Mastercoin projects. (Or whatever really)
https://www.dropbox.com/sh/x1u9un58o3zr86a/3skRymo5uq?lst
See ya!
Posted this on reddit just awhile ago. Here is a dropbox folder with a bunch of logo/icon files that anyone can use for your Mastercoin projects. (Or whatever really)
https://www.dropbox.com/sh/x1u9un58o3zr86a/3skRymo5uq?lst
See ya!
November 23, 2013, 11:55:40 PM
Might I suggest the lowest unit be called a Willett
+1
Awesome!
(Although is should be a lowercase "willett" when used in a sentence ("You owe me 5 willetts").
LOL
I need some willett，and wish 1 willett=1btc November 23, 2013, 05:09:14 PM
Let me get this straight, JR won't quit his job unless he's worth $100M, . After btc rally last week I guess many of us here are already millionaires, real jobs are getting less and less relevant, we should be doing this for passion.
. After btc rally last week I guess many of us here are already millionaires, real jobs are getting less and less relevant, we should be doing this for passion.My wife doesn't care one fig about internet money which isn't in our bank account. That's the real hurdle. The other half of the problem is I don't want to sell MSC at today's prices.
I think I have found the ideal solution though, which I just posted in David's thread about project money this morning:
I think perhaps it is time to convert more of our BTC to MSC. I'd rather have MSC in a rainy day fund than BTC anyway. As you say, giving away BTC attacts people more interested in BTC, and I'd rather the foundation hold MSC than BTC.
Here's my crazy proposal:
1) Keep only the 1000 BTC we've already moved into offline wallets
2) Use the remainder of our BTC to purchase MSC over the next few months on the distributed exchange
3) Pay all future bounties exclusively in MSC
4) Keep half of our MSC money for a rainy day and/or future distributed bounty system
5) If our rainy day fund becomes excessive, we can always vote to lower the ratio later
I realize that this would potentially make all of our existing investors absurdly wealthy, but, well, the stated purpose of the Mastercoin Foundation is to serve the holders of Mastercoins, and I'm having a hard time seeing this course of action as anything but a huge positive for them, as long as we do it transparently and over a long enough period of time that nobody who wants to sell to us is left out.
Also, MSC prices would probably go up to the point where I'd sell 1% and quit my job to work on MSC, which I hope would also be in the best interests of our investors.
Here's my crazy proposal:
1) Keep only the 1000 BTC we've already moved into offline wallets
2) Use the remainder of our BTC to purchase MSC over the next few months on the distributed exchange
3) Pay all future bounties exclusively in MSC
4) Keep half of our MSC money for a rainy day and/or future distributed bounty system
5) If our rainy day fund becomes excessive, we can always vote to lower the ratio later
I realize that this would potentially make all of our existing investors absurdly wealthy, but, well, the stated purpose of the Mastercoin Foundation is to serve the holders of Mastercoins, and I'm having a hard time seeing this course of action as anything but a huge positive for them, as long as we do it transparently and over a long enough period of time that nobody who wants to sell to us is left out.
Also, MSC prices would probably go up to the point where I'd sell 1% and quit my job to work on MSC, which I hope would also be in the best interests of our investors.
If you guys think that's a good idea, please go there and help me convince the board that:
1) It's not market manipulation, it's a stock buy-back over a long period of time, with complete transparency
2) It doesn't make MSC more centralized, because we'll be giving this money away in bounties rather quickly
I think it gives the appearance of qute a large conflict of interest, when you hold such a large proportion of MSC, and so would be the primary beneficiary.
November 23, 2013, 01:55:17 PM
Might I suggest the lowest unit be called a Willett
+1
Awesome!
(Although is should be a lowercase "willett" when used in a sentence ("You owe me 5 willetts").
LOL
November 23, 2013, 01:54:39 PM
Sure thing, do you want me to send the thread text to [email protected], or start a thread on bitcointalk and send the link to [email protected]?
The latter - thanks!
Done, thread is at https://bitcointalksearch.org/topic/mastercoind-proposal-to-speed-development-please-read-vote-and-comment-344229
November 23, 2013, 01:40:29 PM
Might I suggest the lowest unit be called a Willett
+1
Awesome!
(Although is should be a lowercase "willett" when used in a sentence ("You owe me 5 willetts").
November 23, 2013, 01:21:06 PM
Might I suggest the lowest unit be called a Willett
[/quote]
So what is the lowest unit of an MSC going to be called? We should give that lowest unit a name and price all Mastercoins in those units on all exchanges which follow the standard. The lowest unit for Bitcoin is a satoshi but the Bitcoin exchanges are making a huge mistake by pricing everything like 1.0 -> 0.0000001 when they should just say it's 100,000,000 satoshi. So if a whole Mastercoin is 100,000,000 units then we need to be selling in the hundreds of millions of units of Mastercoin for psychological purposes.
That is my suggestion and I hope people understand the importance this change could have.
[/quote]
[/quote]
So what is the lowest unit of an MSC going to be called? We should give that lowest unit a name and price all Mastercoins in those units on all exchanges which follow the standard. The lowest unit for Bitcoin is a satoshi but the Bitcoin exchanges are making a huge mistake by pricing everything like 1.0 -> 0.0000001 when they should just say it's 100,000,000 satoshi. So if a whole Mastercoin is 100,000,000 units then we need to be selling in the hundreds of millions of units of Mastercoin for psychological purposes.
That is my suggestion and I hope people understand the importance this change could have.
[/quote]
November 23, 2013, 12:25:57 PM
FYI, we were just approached by someone for the open Project Manager position.
I am posting here for transparency's sake.
I believe this person is qualified for the job, and pending board approval would love to hire him to try and make some sense into this chaos. However I still want to be fair to everyone else (and I want to get the best candidates), and give you a chance to apply if relevant.
I am posting here for transparency's sake.
I believe this person is qualified for the job, and pending board approval would love to hire him to try and make some sense into this chaos. However I still want to be fair to everyone else (and I want to get the best candidates), and give you a chance to apply if relevant.
November 23, 2013, 12:18:38 PM
Sure thing, do you want me to send the thread text to [email protected], or start a thread on bitcointalk and send the link to [email protected]?
The latter - thanks!
November 23, 2013, 12:16:57 PM
I would still *strongly* consider at least one of these devs working on the "mastercoind" concept I outlined earlier (https://bitcointalksearch.org/topic/m.3666117) for the reasons I listed earlier (https://bitcointalksearch.org/topic/m.3667049). It just makes sense and will move this project along SO much quicker, especially in regards to enabling non-core devs to build products and tools around mastercoin....I mean, just think of what bitcoin would be like without bitcoind???
And...this probably goes without saying, but don't get too glib that Mastercoin will maintain this current front-runner position. That's the classic downfall of every front-runner...complacency. A healthy dose of paranoia is always good
And...this probably goes without saying, but don't get too glib that Mastercoin will maintain this current front-runner position. That's the classic downfall of every front-runner...complacency. A healthy dose of paranoia is always good
Indeed. I am constantly looking for ways to speed up.
The mastercoind proposal might be a solid one, but I'm not the one developing this, I think a discussion among the current developers would be useful to decide whether and how much to push this. Can you start a dedicated thread and send it to [email protected] ?
Sure thing, do you want me to send the thread text to [email protected], or start a thread on bitcointalk and send the link to [email protected]?
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