MASTERCOIN VS BITCOIN - First Speculation thread ever

haightst

newbie

Activity: 42

Merit: 0

Quote from: Sustainable on November 16, 2013, 11:13:20 AM

Quote from: haightst on November 16, 2013, 10:30:57 AM

/\$MST(MASTERCOIN) v//^LOOKS GOOD! ~i'm loading the boat!

https://www.cryptsy.com/markets/view/62

This is not the real mastercoin, do not invest in this.

~ I know that's what i'm saying i've been talking to BitJohn and Vern in depth about this!

MSC ? is not listed on any exchange that i'm aware of!!!

Roll Eyes

~*~/\$MST-Mastercoin~*~the real one I've been buying up all I can, imo it's way undervalued!!! -vvv-(*link below*)-vvv-

https://www.cryptsy.com/markets/view/62

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: theonewhowaskazu on November 16, 2013, 12:04:38 PM

Quote from: bitwhizz on November 14, 2013, 08:08:54 PM

Quote from: theonewhowaskazu on November 14, 2013, 08:02:36 PM

Derivatives are by definition derived from something. MSC's worth isn't derived from anything. Therefore it isn't a derivative, and since it doesn't have nearly the network advantage Bitcoin has, its just another crapcoin, only marginally more crappy than the others due to the fact that it also bloats the blockchain.

Not true, Mastercoins worth is derived from the bitcoin block chain and the features made on it through the protocol Wink

What an idiotic thing to say.

MSFT is moved on NYX's exchange, that doesn't make MSFT a derivative of NYX.

Mastercoin is moved on Bitcoin's blockchain, that doesn't make Mastercoin a derivative of Bitcoin.

The two examples don't analogize. Mastercoin makes use of Bitcoin's allowed functionality to add functionality and value to Bitcoin, MSFT just exchanges shares through NYX.

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: bitwhizz on November 14, 2013, 08:08:54 PM

Quote from: theonewhowaskazu on November 14, 2013, 08:02:36 PM

Derivatives are by definition derived from something. MSC's worth isn't derived from anything. Therefore it isn't a derivative, and since it doesn't have nearly the network advantage Bitcoin has, its just another crapcoin, only marginally more crappy than the others due to the fact that it also bloats the blockchain.

Not true, Mastercoins worth is derived from the bitcoin block chain and the features made on it through the protocol Wink

What an idiotic thing to say.

MSFT is moved on NYX's exchange, that doesn't make MSFT a derivative of NYX.

Mastercoin is moved on Bitcoin's blockchain, that doesn't make Mastercoin a derivative of Bitcoin.

markm

legendary

Activity: 2940

Merit: 1090

Quote from: marcelus on November 16, 2013, 11:17:43 AM

Quote from: markm on November 16, 2013, 11:04:20 AM

SInce bitcoin already has value, it does not seem very clear why there is a need for a whole new altcoin to serve as collateral. Is there some technical problem that made it impossible for bitcoin itself to be used as collateral?

-MarkM-

Bitcoin doesn't support the distributed exchange or smart property or betting or all the other cool things mastercoin allows.

But it does, the whole point of the mastercoin project is that such things can in fact be done using the bitcoin blockchain.

So far I have not come across any technical problem/glitch that necessitates a whole alternative currency to serve as collateral instead of bitcoins themselves serving as the collateral.

-MarkM-

marcelus

sr. member

Activity: 297

Merit: 250

Quote from: markm on November 16, 2013, 11:04:20 AM

SInce bitcoin already has value, it does not seem very clear why there is a need for a whole new altcoin to serve as collateral. Is there some technical problem that made it impossible for bitcoin itself to be used as collateral?

-MarkM-

Bitcoin doesn't support the distributed exchange or smart property or betting or all the other cool things mastercoin allows.

Sustainable

member

Activity: 70

Merit: 10

Quote from: haightst on November 16, 2013, 10:30:57 AM

/\$MST(MASTERCOIN) v//^LOOKS GOOD! ~i'm loading the boat!

https://www.cryptsy.com/markets/view/62

This is not the real mastercoin, do not invest in this.

markm

legendary

Activity: 2940

Merit: 1090

SInce bitcoin already has value, it does not seem very clear why there is a need for a whole new altcoin to serve as collateral. Is there some technical problem that made it impossible for bitcoin itself to be used as collateral?

-MarkM-

msc_de

hero member

Activity: 770

Merit: 500

Quote from: marcelus on November 16, 2013, 08:03:23 AM

Quote from: passo on November 16, 2013, 07:35:51 AM

when will the homepage work again?

I'm assuming you mean the distributed exchange. This is software you will have to download. I'm told it's ready for linux and macs late next week. Windows shortly after.

There is already a homepage up and running. mastercoin.org.

How about Android? On the way available? Thx

haightst

newbie

Activity: 42

Merit: 0

/\$MST(MASTERCOIN) v//^LOOKS GOOD! ~i'm loading the boat!

https://www.cryptsy.com/markets/view/62

marcelus

sr. member

Activity: 297

Merit: 250

Quote from: passo on November 16, 2013, 09:01:27 AM

Quote from: marcelus on November 16, 2013, 08:03:23 AM

Quote from: passo on November 16, 2013, 07:35:51 AM

when will the homepage work again?

I'm assuming you mean the distributed exchange. This is software you will have to download. I'm told it's ready for linux and macs late next week. Windows shortly after.

There is already a homepage up and running. mastercoin.org.

i mean mastercoin.org I have tried to acces it for a week but i get "server not found" every time.

working fine for me...

passo

newbie

Activity: 46

Merit: 0

Quote from: marcelus on November 16, 2013, 08:03:23 AM

Quote from: passo on November 16, 2013, 07:35:51 AM

when will the homepage work again?

I'm assuming you mean the distributed exchange. This is software you will have to download. I'm told it's ready for linux and macs late next week. Windows shortly after.

There is already a homepage up and running. mastercoin.org.

i mean mastercoin.org I have tried to acces it for a week but i get "server not found" every time.

marcelus

sr. member

Activity: 297

Merit: 250

Quote from: passo on November 16, 2013, 07:35:51 AM

when will the homepage work again?

I'm assuming you mean the distributed exchange. This is software you will have to download. I'm told it's ready for linux and macs late next week. Windows shortly after.

There is already a homepage up and running. mastercoin.org.

passo

newbie

Activity: 46

Merit: 0

when will the homepage work again?

marcelus

sr. member

Activity: 297

Merit: 250

Quote from: vokain on November 15, 2013, 09:18:42 PM

Quote from: Barnacle_Ed on November 15, 2013, 08:55:48 PM

OK, as far as speculation goes, let me start with the most simple question for potential discussion: What gives MSC it's inherent value? Or, putting it more bluntly, "why should I believe this protocol will raise in value"?

Say Mastercoin didn't exist for a moment. Please consider: What might the value be to a market may be if there was a money protocol that would allow a trustless, distributed way of creating contracts, betting, distributed exchange, smart property signatures, etc.? No middle man, no associated costs with such a middleman, no associated trust necessary of a middleman. This would be like what bitcoin has accomplished, but just at a higher functioning higher capability level*

*Assuming the logic for all the features are sound.

Yes and to separate mastercoin the currency from mastercoin the protocol, the currency will have value as it will act as the gold standard for all of these economic transactions the protocol allows for. It will have value as it will be required for collateral.

This is completely analogous to bitcoin the currency having value as it is required to avail of the things the bitcoin protocol allows one to do.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: Barnacle_Ed on November 15, 2013, 08:55:48 PM

OK, as far as speculation goes, let me start with the most simple question for potential discussion: What gives MSC it's inherent value? Or, putting it more bluntly, "why should I believe this protocol will raise in value"?

Say Mastercoin didn't exist for a moment. Please consider: What might the value be to a market may be if there was a money protocol that would allow a trustless, distributed way of creating contracts, betting, distributed exchange, smart property signatures, etc.? No middle man, no associated costs with such a middleman, no associated trust necessary of a middleman. This would be like what bitcoin has accomplished, but just at a higher functioning, higher capability level*

*Assuming the logic for all the features are sound.

Barnacle_Ed

sr. member

Activity: 271

Merit: 250

Quote from: marcelus on November 15, 2013, 07:25:11 PM

Quote from: vokain on November 15, 2013, 07:22:43 PM

Simple idea

HTTP:TCP/IP::Mastercoin:Bitcoin

This.

Yeah, this is a layout I can understand and support.

OK, as far as speculation goes, let me start with the most simple question for potential discussion: What gives MSC it's inherent value? Or, putting it more bluntly, "why should I believe this protocol will raise in value"?

marcelus

sr. member

Activity: 297

Merit: 250

Quote from: vokain on November 15, 2013, 07:22:43 PM

Simple idea

HTTP:TCP/IP::Mastercoin:Bitcoin

This.

vokain

legendary

Activity: 1834

Merit: 1019

Simple idea

HTTP:TCP/IP::Mastercoin:Bitcoin

marcelus

sr. member

Activity: 297

Merit: 250

Quote from: Barnacle_Ed on November 15, 2013, 06:51:30 PM

Pretty much this. If MSC is a protocol and not a "proper" cryptocurrency, why put the word "coin" in its name at all?

Bitcoin is a protocol as much as it is a currency - think of mining, proof of work, trustless transactions, anonymity. Why put the word 'coin' in its name?

PS. I guess I don't have an explanation of why this shouldn't be moved to the altcoin section. I just take exception with people dismissing the project when it has so much to offer after a 4-year period of empty space since bitcoin was released. It's bloody well time to harnass this technology and start making things happen instead of merely having 'play money' for gambling. Ironic I know considering this is the speculation forum.

vokain

legendary

Activity: 1834

Merit: 1019

no worries

we definitely shall see if Mastercoin can cut it.

And now back to our regularly scheduled programming, let us speculate!

Topic: MASTERCOIN VS BITCOIN - First Speculation thread ever (Read 4854 times)