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Topic: Proposal to Fork Mastercoin and Burn a portion of JR's immense stash. (Read 9965 times)

member
Activity: 118
Merit: 10
Hi, i never had a chance to buy some mastercoins now seems like things are start moving forward with projects like factom or synereo involved in some how with masterprotocol i think it's a great time to invest in this project, i think that Omni has a very bright future and in some way the words of udecker has proven to be true, the most problems of counterparty at the end was the improves on the fly that was performed on their platform, i guess that this kind of things lead the resignation of the medici project maybe, anyway i am in for the long run, cheers.  Smiley Smiley Smiley
legendary
Activity: 2898
Merit: 1017
But.. it's not a horse, and it's not a shitcoin either..
legendary
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
It doesn't matter anymore anyway. Dead horse is dead.
hero member
Activity: 639
Merit: 500
the coin is already death with no future,so why not to fork?

Because it sets a dangerous precedent. In principle its possible for the majority shareholders to cut out the minority but nobody has ever done it out of fear. For something like Mastercoin which I believe is finished, doing something like this is not worth it.
legendary
Activity: 1260
Merit: 1001
If JR purchased his stash with Bitcoin fairly then it's setting a bad precedent trying to "delete" his money.

I don't know if JR was ever in the position where he had made thousands of BTC profit from Mastercoin but if he did, it would have been smart of him to take out 20% of his profits and invest it into the future of the coin. Not sure what his current holdings are worth now.
legendary
Activity: 2898
Merit: 1017
*dead

and the development never stopped. the fork will die faster.
sr. member
Activity: 311
Merit: 250
the coin is already death with no future,so why not to fork?
legendary
Activity: 2898
Merit: 1017

What threat ? you have no community to threat with.. You can try forking but I doubt the other projects would follow..
legendary
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
Well MSC is at 303rd place on Coinmarket cap and has ZERO volume. It's not just illiquid right now, it's worthless. JR hasn't appeared at all- despite the threat of forking Mastercoin which inclines me to believe that he just doesn't care one way or another.
hero member
Activity: 882
Merit: 1000
legendary
Activity: 2898
Merit: 1017
It's better. shut up!  Roll Eyes
hero member
Activity: 882
Merit: 1000
Are there any reviews of masteromnicore vs counterparty?

Craig claimed omni was better. Is there any teeth to this?
sr. member
Activity: 285
Merit: 250
 Wink JR have 2# wife? so he sell  msc again?
legendary
Activity: 2898
Merit: 1017
legendary
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
Too little too late I suppose. I'm glad the MSC guys are a bit more communicative on the other thread. The failure of JR to make any comment at all though seems to indicate to me that nothing has changed, and nothing will change. I expect good development will continue, the MSC guys are obviously good coders and I wish them the best. The recent price bump was a nice little opportunity to get out, so I'll be watching from the sidelines from now on. It's a fantastic idea, Mastercoin, but the truth is, you invest in teams- not ideas. Ideas are nothing without execution.

So long and thanks for all the tokens!

:-)
sr. member
Activity: 336
Merit: 250
legendary
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
I'm glad to see that the suggestion to fork Mastercoin seems to have put a little bit of a fire under the seat. :-)

Still no word from JR though, I would still want to hear what he has to say.
legendary
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
Thank you for the response Craig.


Quote
If the issue is with JR’s holdings, remember that the bulk of the funds used in development came from JR in the form of BTC during the crowdsale last year.  Those are legitimately purchased tokens.  The same can be said for large NXT holders, where it appears this is less of an issue (although why large anonymous holders is better, from the community’s perspective, is a mystery to me).
Now is the perfect time to put this issue to rest. Maybe we aren't aware of all of the development that JR has paid for. Can you please go over the funds that JR has spent on development.  I don't really think that large holders even if anonymous are necessarily bad, satoshi being one of the most famous, however all we can go by are actions. Has JR ever crashed the market by cashing his MSC out?


Yes he has, it was back at one of the earlier peaks in MSC price. He announced he would be selling and the market tanked. I still supported his holdings at the time, but I think it left people permanently a bit suspicious.

legendary
Activity: 1890
Merit: 1078
Ian Knowles - CIYAM Lead Developer
I'm glad to here that you wish to continue to evolve mastercoin. Can you start a discussion thread about the "bridge to complimentary technologies"? Have you atleast had a chance to talk to CIYAM?

Please note that I did get a few PMs from @udecker about AT and Mastercoin (I assume this is the Craig that you mention as that is the name he used in the PMs).

Whilst I don't know how easy it would be to implement AT on Mastercoin I am willing to help out where I can (if devs such as Craig are interested to pursue this avenue).
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