Topic: MasterCoin: New Protocol Layer Starting From “The Exodus Address” - page 73. (Read 448462 times)

I'm running some intense database migrations overnight so there is large chance Mastercoin-explorer is lagging behind at the moment. Your transaction should show up in due time, if Masterchest has it I'm sure it's fine.

Edit: Here you go!

Hi,

Anyone any idea why this transaction has not shown up in Mastercoin-explorer and Mymastercoins more than 2 hrs after it showed up in Masterchest?

https://masterchest.info/lookuptx.aspx?txid=553b78a3337b0cc9815f7df201c3648d6aea3f010d269ac3f4591ba8bfa8b378

Just trying to confirm an escrow trade. Thanks.

I haven't touched that code since I first published it! I probably won't touch it again unless something major comes up, but thanks for pointing that out. You can do a pull request against my repo if you're feeling ambitious

Note that the spec treats a message sending more than your current balance as sending your entire balance, so that should work for anybody looking to transfer their entire balance.

Hi Willett,

there seems to be a small glitch in the mastercoin-adviser. When trying to send e.g. 1.23456789 mastercoins, the result is only 1.23456788, due to a rounding error.

Replace line 8
amount = long(float(sys.stdin.readline())*100000000)

with
amount = long(round(float(sys.stdin.readline())*100000000))

It might not be so relevant, but it can be, for example if you want to send all the funds of one address to another.

If you use Shamir's secret no money will never disappears...


A good exemple : http://passguardian.com/


Ps :i'm not for using this site or a other but multi sign address is possible since the beginning of bitcoin, it's a shame it's not use more often.
It would save many bitcoin from scam or "lost" bitcoin

First set of cold-storage addresses for project funds:


All coins are already stored offline. This is just moving some of them even MORE offline (paper wallets). I plan to split 1000BTC among these ten addresses (100 BTC each address). More addresses will be posted soon once people get them to me.

The board knows the identity of everyone entrusted with these funds, and if any of this money ever disappears, we'll let you know who was in charge of it.

Thanks

As I mentioned earlier, we're giving Ron $10k in discretionary funds to use in his role as Executive Director. (Everything he spends that money on will still be posted publicly in the spreadsheet: https://docs.google.com/spreadsheet/ccc?key=0AtCyUJvk_IyNdGpVcnpBN2tOczFmbVRnck5TWjZuRFE#gid=0)

Ron sent me this address via PM: 1KsChrMq2kg9cNNxDh51N6bK4r2fQA3KtG

I hope to do the outstanding payments in that spreadsheet soon.

Maybe someone has to correct me here, but I think if he's one of the original investors, you should see the MSC at his (original) address using the mastercoin explorer:

http://mastercoin-explorer.com/

It was decided that block 255365 was the last block that counts, everything before or in this block counts.

I'm sorry if this question has already been posted, but this issue caused some confusion last night when I was buying some MSC.

The person I was buying from sent BTC to the Exodus address on August 31st, a few hours before midnight. The white paper says that, "Anyone sending bitcoins to the Exodus Address before August 31st, 2013 is recognized by the protocol as owning 100x that number of MasterCoins." Is there any way to get clarification from JR or one of the developers on what the exact deadline was? The transaction showed up as valid on mastercoin-explorer, but it still has me worried. I'd like to be able to check everything manually for now. Thanks.

Thanks guys!

Here is the sale : https://bitcointalksearch.org/topic/mastercoin-buyerseller-thread-287145


Order book : https://docs.google.com/spreadsheet/ccc?key=0ApGPLGUd5ZCzdHFxbnhHQjBDSDVKamY5UHlWdkNMNWc&usp=sharing#gid=0

Last trade is 0.15

They seem to be selling few at that price, mostly 1 msc at a time.

Are MasterCoin being traded for 0.1695 as shown on buymastercoin.com?

click on the plus icon to the left of the title to vote it up. - Done!

Google Docs are fine for limited scale.
We're accelerating.

I don't have time to make a proper spec.

The idea: Manage higher scale, more expenditures, nicer UI, tracking, admin section to allow us to officially enter expenditures (which then become public), tags, ...

FYI this is not just for us.

Read about DACs, and soon David's whitepaper about AAs (it's not published yet).
Let's use the term AA here.

We are in fact an AA with the purpose of building AAs. We are not just a financial system.
We will grow out of this and share our infrastructure with anyone wanting to build AAs.

This budget component in itself will eventually serve many, many AAs. It's a huge project.
(Everything we're doing is a huge project).



A standard is good, however it can't enforce armory.
Some people that will be holding funds haven't used armory, and don't have to learn / buy a machine strong enough to run it.

Please know that we'll all be using cold wallets for this purpose, just every one has his own implementation of cold wallet.

A standard is good to develop anyway. It's just that it might take a while until we adhere to the standard.


Excellent questions!

I would NOT support selling any BTC right now, or perhaps ever.
1. We don't have a decentralized way of representing or storing USD, and I won't support risking our funds on a centralized entity like bank or exchange.
2. I'm uber bullish about BTC and think we'll be at $1000 a pop within a few month.
This will bring us to around 4-5 million dollars in the fund.
I won't risk missing out on that.


Payouts are paid in whatever currency is required (or perhaps we just pay BTC and let the receiver convert, Willett remind me?


i. Rouge - nothing. Will go to multisig and eventually direct community control, and then we won't have any definition of "rouge".
ii. Death - each board member holding funds will have his own mechanism for dealing with death. I'm not sure we'll specify more details as this is quite personal.
iii. Security - we discussed this above.

The direction is multisig we just don't have time to implement it ...
We won't do Shamir Secret Sharing in the meantime, I'd rather just speed up to multisig which is what you're describing.


Yeah, addresses be published. This will also be a part of the Budget site above - now it's easy to track as there's only one or a few number of addresses. This will change and become very complicated soon. One feature suggestion - "subscribe to expenditures" that will email you whenever we make an expenditure.


We won't trust anyone external at this point.
Maybe an Auditor
But instead of appointing an auditor, let someone build the Budget/Funds site so you can all audit.

(FYI we're also looking for a security auditor).



Hmm, I didn't know this is how things happen, but it sure explains the lack of comments on the thread
Where are all you guys and why aren't you commenting?

Please post whatever on my reddit and get people to do it, I have a million things to do.
I think I'll sadly need to start spending less and less time on this thread

I might need a secretary soon lol.

From what I can tell, technically this is not "on" slashdot yet (i.e. still awaiting editorial approval).

Please, everyone go to that link and (once logged in with your slashdot account) click on the plus icon to the left of the title to vote it up. Hopefully they will pick it up and publish it!

Ron, you may want to note that in your reddit post about this as well, let's mod it up and turn the topic 'red' and hopefully it will have the best chance to actually run.

More info on the firehose submission process here: http://news.slashdot.org/story/07/08/02/1719238/introducing-the-slashdot-firehose

Thanks for the note about the offline storage, that's great.

From your spreadsheet, it also clicked with me just now that $10,000 is only 30 BTC. Man...I remember trading 30BTC like it was not that big a deal just even this past summer...how times have changed.

Notice of proposed expenditure (sort of):

The board has decided to give Ron Gross $10000 in discretionary funds so that he can spend money with a bit less friction. All money he spends will still be publicly itemized. I've added a new column for that money in our public ledger: https://docs.google.com/spreadsheet/ccc?key=0AtCyUJvk_IyNdGpVcnpBN2tOczFmbVRnck5TWjZuRFE&usp=sharing#gid=0

Also, there will be a new column for offline paper-wallet storage once the board gets me all the addresses we will be using for that. Those addresses will be public, and anybody will be able to check their balance at any time.

Yes. If you have expenses in a certain currency and hold funds in another currency.

And I'm just throwing some thoughts out there for consideration; not suggesting I have the answer or that there is a 'correct' answer. I hope my other points on the security of the funds are not lost in a discussion of the use of hedging.