Strange- what exactly is it that you want from the mastercoin project? You seem permanently dissatisfied, yet considering MSC is nearly worthless at this point, I don't get what is exactly motivating you forward. I can't imagine the price could dunked farther then it already has gone as for people still holding its worthless to try and sell now, so you can't be playing a 'scoop it up cheap' game. So whats your angle? You don't have any suggestions of how to move forward, and all the other trolls have long since moved on. So whats the point?
Fair question. It has come to the point where there is no more point.
As one of the first investors, my incentive to fund this project was not to enrich JR but to encourage new technologies to experiment on the block chain. In this regard, mastercoin has exceeded my expectations with the new round of bitcoin 2.0 projects.
Unfortunately, some very questionable people got involved with the mastercoin foundation and just had one thing on their minds. Get rich quick. This mindset drove mastercoin into the ground. JR and Ron spent the first 6 months popping champagne bottles instead of actually organizing the development of the project. This lead to countless missed opportunities. Very capable developers were rejected by the foundation to actually produce a daemon because JR was so high on his horse, claiming that project for himself. Personal issues aside, JR is not a leader.
Now a year later, a lot has changed. The devs are on the right track but they have no organizational skills. There is no project leader. And most of all there is no money left. There is no incentive to rewrite the omni and the msc daemon as funds are month to month now. The current devs have very little investment in mastercoins, or their success. There are other projects that are well funded and head hunters are hounding them.
Now for why i spout so much crap. NO ONE ELSE WAS!
If you listened to anyone from the foundation, everything was rosy. Always on schedule, making huge progress every day. Huge investors and startups were moments away from announcing they were going to adopt and build on mastercoin. All wishful thinking and some outright lies.
The foundation, though claiming to be open, were far from it. They hid all the infighting from the investors. They hid all the financial problems and still to this day are hiding their problems.
Couple last words: I, like most investors, put capital towards this idea and not the people behind it(which in my book, the #1 rule, which i broke). This is one rare occasion where overlooking the people felt worth the risk as it just needed to be done. I am not sore I invested as I believe in the evolution of projects mastercoin has spawned.
