MasterCoin: New Protocol Layer Starting From “The Exodus Address” - page 69.

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: haightst on November 16, 2013, 11:13:57 AM

Quote from: ripper234 on November 15, 2013, 11:59:23 PM

Are there any researches among us?

I am putting up a $1000 bounty for writing what may be the first peer-reviewed Mastercoin paper. Details:

Quote

http://fc14.ifca.ai/bitcoin/cfp.html

The first person or team to get a paper accepted into the Financial Crypto 14 conference, receives the bounty.

FYI the workshop is sponsored by The Bitcoin Foundation.

====>Researcher here!

*per* >>

http://fc14.ifca.ai/bitcoin/cfp.html

" Paper submissions must be anonymous "

...so umm how do I prove that I wrote that one? =)

>>is that @$1000 cash or in BTC?~tia!!~ Cool

when they are published they are not anon, this is simply for peer review.

also note that you must be able to follow the Lecture Notes in Comp Sci format for the submission and basically submit it in Latex format.

haightst

newbie

Activity: 42

Merit: 0

Quote from: Luckybit on November 16, 2013, 10:17:29 PM

Quote from: haightst on November 16, 2013, 11:13:57 AM

Quote from: ripper234 on November 15, 2013, 11:59:23 PM

Are there any researches among us?

I am putting up a $1000 bounty for writing what may be the first peer-reviewed Mastercoin paper. Details:

Quote

http://fc14.ifca.ai/bitcoin/cfp.html

The first person or team to get a paper accepted into the Financial Crypto 14 conference, receives the bounty.

FYI the workshop is sponsored by The Bitcoin Foundation.

====>Researcher here!

*per* >>

http://fc14.ifca.ai/bitcoin/cfp.html

" Paper submissions must be anonymous "

...so umm how do I prove that I wrote that one? =)

>>is that @$1000 cash or in BTC?~tia!!~ Cool

Use an alias with a digital signature attached. You should at least know this if you're writing a paper on cryptocurrency.

a·non·y·mous
əˈnänəməs/
adjective
1.
(of a person) not identified by name; of unknown name.

Roll Eyes

~also the ongoing development has been moving so fast here. is there a stable working wallet for windows? tia!

Luckybit

hero member

Activity: 714

Merit: 510

Quote from: haightst on November 16, 2013, 11:13:57 AM

Quote from: ripper234 on November 15, 2013, 11:59:23 PM

Are there any researches among us?

I am putting up a $1000 bounty for writing what may be the first peer-reviewed Mastercoin paper. Details:

Quote

http://fc14.ifca.ai/bitcoin/cfp.html

The first person or team to get a paper accepted into the Financial Crypto 14 conference, receives the bounty.

FYI the workshop is sponsored by The Bitcoin Foundation.

====>Researcher here!

*per* >>

http://fc14.ifca.ai/bitcoin/cfp.html

" Paper submissions must be anonymous "

...so umm how do I prove that I wrote that one? =)

>>is that @$1000 cash or in BTC?~tia!!~ Cool

Use an alias with a digital signature attached. You should at least know this if you're writing a paper on cryptocurrency.

hl5460

legendary

Activity: 1621

Merit: 1000

news.8btc.com

Quote

Asicminer has already developed an OSE system that relies on a centralized server to parse the transaction data that represents certain information. If MSC is BTC 2.0, this OSE system of Asicminer could be like BTC 1.5.

Detailed introduction of the OSE system(in chinese):
http://bitell.sinaapp.com/show.php?tid=679

I have contacted Rockxie on adopting MSC for Asicminer. But it seems that they would like try out their stuff first.

hl5460

legendary

Activity: 1621

Merit: 1000

news.8btc.com

Quote from: ?? on ??

Quote from: vokain on November 15, 2013, 11:20:51 AM

Quote from: Tachikoma on November 15, 2013, 08:43:48 AM

We would require around 500TH to find one block per hour. Not sure that's feasible.

Not in the long run. Too expensive capital costs, probably won't ROI, so we couldn't stay mining for long. The capital will not be replenished and we won't be able to buy nonobsolete miners/electricity.

I'm following this very loosely but have you thought of contacting pools like Eligius? They already have nonstandard transaction handling, and mention the possibility of deals in their FAQ.
You could also have some interest from mining companies that use direct shares or similar, and could switch to using Mastercoin, like AsicMiner.

Asicminer has already developed an OSE system that relies on a centralized server to parse the transaction data that represents certain information. If MSC is BTC 2.0, this OSE system of Asicminer could be like BTC 1.5.

Detailed introduction of the OSE system(in chinese):
http://bitell.sinaapp.com/show.php?tid=679

haightst

newbie

Activity: 42

Merit: 0

Quote from: superfluouso on November 16, 2013, 01:25:50 AM

I highly recommend everyone check out Let's Talk Bitcoin Episode 59 Adam, Andreas, and Stephanie discuss the upcoming unlicensed bitcoin securities market (MasterCoin) and specifically mention MasterCoin multiple times. Begin listening at about the 19:00 minute mark for that specific segment.

=FAIL!!! LOL

http://images4.wikia.nocookie.net/__cb20130423021661/cardfight/images/b/bc/2003013-godzilla_facepalm_godzilla_facepalm_face_palm_epic_fail_demotivational_poster_1245384435.jpg

haightst

newbie

Activity: 42

Merit: 0

Quote from: superfluouso on November 16, 2013, 12:14:17 PM

Quote from: haightst on November 16, 2013, 11:07:55 AM

Quote from: superfluouso on November 16, 2013, 01:25:50 AM

I highly recommend everyone check out Let's Talk Bitcoin Episode 59 Adam, Andreas, and Stephanie discuss the upcoming unlicensed bitcoin securities market (MasterCoin) and specifically mention MasterCoin multiple times. Begin listening at about the 19:00 minute mark for that specific segment.

I don't see an episode 59! ~ is it not posted yet? Roll Eyes

Link takes you directly to it -just click play

ok cool found it, i'm on soundcloud too!!! yeah I was looking here >>

http://www.youtube.com/user/LetsTalkBitcoinChan/videos

superfluouso

full member

Activity: 201

Merit: 100

Quote from: haightst on November 16, 2013, 11:07:55 AM

Quote from: superfluouso on November 16, 2013, 01:25:50 AM

I highly recommend everyone check out Let's Talk Bitcoin Episode 59 Adam, Andreas, and Stephanie discuss the upcoming unlicensed bitcoin securities market (MasterCoin) and specifically mention MasterCoin multiple times. Begin listening at about the 19:00 minute mark for that specific segment.

I don't see an episode 59! ~ is it not posted yet? Roll Eyes

Link takes you directly to it -just click play

haightst

newbie

Activity: 42

Merit: 0

Quote from: ripper234 on November 15, 2013, 11:59:23 PM

Are there any researches among us?

I am putting up a $1000 bounty for writing what may be the first peer-reviewed Mastercoin paper. Details:

Quote

http://fc14.ifca.ai/bitcoin/cfp.html

The first person or team to get a paper accepted into the Financial Crypto 14 conference, receives the bounty.

FYI the workshop is sponsored by The Bitcoin Foundation.

====>Researcher here!

*per* >>

http://fc14.ifca.ai/bitcoin/cfp.html

" Paper submissions must be anonymous "

...so umm how do I prove that I wrote that one? =)

>>is that @$1000 cash or in BTC?~tia!!~ Cool

haightst

newbie

Activity: 42

Merit: 0

Quote from: superfluouso on November 16, 2013, 01:25:50 AM

I highly recommend everyone check out Let's Talk Bitcoin Episode 59 Adam, Andreas, and Stephanie discuss the upcoming unlicensed bitcoin securities market (MasterCoin) and specifically mention MasterCoin multiple times. Begin listening at about the 19:00 minute mark for that specific segment.

I don't see an episode 59! ~ is it not posted yet? Roll Eyes

killerstorm

legendary

Activity: 1022

Merit: 1033

Quote from: annette786 on November 15, 2013, 05:56:16 PM

I've been reading up on it. So, it essentially inserts data streams into the bitcoin blockchain.

Question-- Why does it need a new coin for this?

Sorry for the noob question.

You cannot add any new rules to Bitcoin itself. So if you want to do something which cannot be done with Bitcoin (or if you don't like the way it can done with Bitcoin), you have to introduce "a new coin".

superfluouso

full member

Activity: 201

Merit: 100

I highly recommend everyone check out Let's Talk Bitcoin Episode 59 Adam, Andreas, and Stephanie discuss the upcoming unlicensed bitcoin securities market (MasterCoin) and specifically mention MasterCoin multiple times. Begin listening at about the 19:00 minute mark for that specific segment.

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

Quote from: ripper234 on November 16, 2013, 12:45:35 AM

Founding a local chapter of the Mastercoin Foundation

This is a voluntary opportunity. There is no bounty or salary for doing this.
If you want to get involved, but not sure how - this is a great way to get involved.

Found your own local Mastercoin Community. It can be a country-wide thing, a city chapter, or anything else.

Currently there are at least four groups working on setting up their local organizations. Just organize, ask us for help, and we'll do this together. More details to follow soon.

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

Are there any researches among us?

I am putting up a $1000 bounty for writing what may be the first peer-reviewed Mastercoin paper. Details:

Quote

http://fc14.ifca.ai/bitcoin/cfp.html

The first person or team to get a paper accepted into the Financial Crypto 14 conference, receives the bounty.

FYI the workshop is sponsored by The Bitcoin Foundation.

codyave

newbie

Activity: 29

Merit: 0

Quote

I've been reading up on it. So, it essentially inserts data streams into the bitcoin blockchain.

Question-- Why does it need a new coin for this?

Sorry for the noob question.

killerstorm's posts explore this question. fwiw, bluemeanie and a few others have strong opinions on coloured coins and mastercoins.

annette786

full member

Activity: 160

Merit: 100

I've been reading up on it. So, it essentially inserts data streams into the bitcoin blockchain.

Question-- Why does it need a new coin for this?

Sorry for the noob question.

zathras

sr. member

Activity: 266

Merit: 250

Quote from: gmaxwell on November 15, 2013, 12:50:17 AM

Quote from: User705 on November 15, 2013, 12:47:47 AM

Would this effect both inputs and outputs to the address? And I am correct in understanding this simply would make confirmations longer but not somehow land them in forever limbo?

What the patch Luke posted does impacts both inputs and outputs, but doesn't hurt the case where you do an unconfirmed spend of a fresh payment in the same block. And yes, they'll still go through, just deprioritized (currently in the form of only allowing one use per block) so they'll take longer.

I need to catch up on this some more but at first glance isn't this just about adapting to changes in the underlying transport (ie Bitcoin)? Wasn't that something we always knew we'd have to do?

Outputs to Exodus are used to identify Mastercoin transactions, that's their purpose. If/when that becomes problematic (ie due to to discouraging address re-use) we just need to amend our method for identifying our transactions. For example if we made our transaction check for an Exodus output to be a check against an array list (1024, 2048 Exodus addresses etc) instead of a single address, clients can pick from a pool of Exodus addresses & thus minimize the chances of address re-use within a block.

It's definitely more expensive (compute wise) to eval an output against say for example 1024 strings instead of 1, but not enough to worry about I don't think. For every transaction we have to first retrieve the transaction details from whatever bitcoin backend we're using - that's orders of magnitude slower than comparing strings in memory and is where the real bottleneck sits in blockchain scanning for Mastercoin transactions.

As I say, just initial thoughts

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

I promised my wife I'll go to sleep 10 minutes ago... so I can't help with this myself.

I just noticed this post on /r/BitcoinStocks

Why I personally feel Colored Coins > MasterCoin

We should reply to them on that reddit post (not just on bitcointalk).

superfluouso

full member

Activity: 201

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See my earlier post here for using advisor on os x
https://bitcointalksearch.org/topic/m.3426313

Faraday

sr. member

Activity: 240

Merit: 250

Quote from: ?? on ??

Yes I used your website, it's all good, we're beta. I really need to send 32 mastercoin to 115eZwFLjHS2NWS1feH55LU7bKG45QsbBU

could you just simple step it for me like I'm stupid?

If you look on the first post of the Mastercoin Order Book thread there is a link to mastercoinadvisor program, you can download the exe for windows and enter the information for the transaction and it will let you know the 3 addresses you need to send mastercoins to.

Simple steps.

1. Download and unzip program folder
2. Use cmd.exe to open mastercoinadvisor.exe (because if I just open it by double clicking then the cmd window closes before I can read the final output)
3. Enter currency type, amount, destination address.
4. Use select all / copy paste to copy the output to a notepad file (so you can copy / paste the addresses easier)
5. Create a bitcoin transaction to the 3 addresses at once (exodus, destination and data address)

Topic: MasterCoin: New Protocol Layer Starting From “The Exodus Address” - page 69. (Read 448462 times)