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Topic: MASTERCOIN VS BITCOIN - First Speculation thread ever (Read 4829 times)

newbie
Activity: 42
Merit: 0
/\$MST(MASTERCOIN) v//^LOOKS GOOD! ~i'm loading the boat!  Grin

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
legendary
Activity: 1834
Merit: 1019
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.
sr. member
Activity: 448
Merit: 250
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.
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-


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-
sr. member
Activity: 297
Merit: 250
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.
member
Activity: 70
Merit: 10
/\$MST(MASTERCOIN) v//^LOOKS GOOD! ~i'm loading the boat!  Grin

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

This is not the real mastercoin, do not invest in this.
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-
hero member
Activity: 770
Merit: 500
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
newbie
Activity: 42
Merit: 0
/\$MST(MASTERCOIN) v//^LOOKS GOOD! ~i'm loading the boat!  Grin

https://www.cryptsy.com/markets/view/62
sr. member
Activity: 297
Merit: 250
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...
newbie
Activity: 46
Merit: 0
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.
sr. member
Activity: 297
Merit: 250
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.
newbie
Activity: 46
Merit: 0
when will the homepage work again?
sr. member
Activity: 297
Merit: 250
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.
legendary
Activity: 1834
Merit: 1019
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.
sr. member
Activity: 271
Merit: 250
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"?
sr. member
Activity: 297
Merit: 250
Simple idea

HTTP:TCP/IP::Mastercoin:Bitcoin


This.
legendary
Activity: 1834
Merit: 1019
Simple idea

HTTP:TCP/IP::Mastercoin:Bitcoin
sr. member
Activity: 297
Merit: 250


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.  
legendary
Activity: 1834
Merit: 1019
no worries Smiley we definitely shall see if Mastercoin can cut it.

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