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Topic: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread - page 47. (Read 165272 times)

legendary
Activity: 2898
Merit: 1017
You both sound like a broken record.  No need to repeat yourself 20 times.

Maybe when you'll have something new to say then you can point that out for us, ok ? 

Many thanks  Cheesy Grin
hero member
Activity: 669
Merit: 500
JR, you recently announced you would be using your msc to support ipo's on the mastercoin protocol. Since Api Network is not accepting msc, does that mean you will not be supporting them? Or are you going to sell some of your msc so you an buy some api coins?
It appears the API Network fundraising is a raging failure: https://blockchain.info/address/12Stz3hoF1sY9J12GyMhsAGBa16vWrmufG  

I am afraid even JR can't fix this disaster.  Nobody will trust Mastercoin again.  Masterprotocol will simply change the rules during the fundraising and shift tons of value from one group to another group (Mastercoin whales).  Why would anyone want to participate in a Mastercoin fundraiser?  Fool me once, shame on you...  

Now that API Network only raised 35/4000+ 35/8192 BTC, what will they do with those funds?  Surely they can't continue their plan on that meager amount.  Will they refund?  

Mastercoin is a meltdown.

FIFY
legendary
Activity: 1596
Merit: 1026
JR, you recently announced you would be using your msc to support ipo's on the mastercoin protocol. Since Api Network is not accepting msc, does that mean you will not be supporting them? Or are you going to sell some of your msc so you an buy some api coins?
It appears the API Network fundraising is a raging failure: https://blockchain.info/address/12Stz3hoF1sY9J12GyMhsAGBa16vWrmufG  

I am afraid even JR can't fix this disaster.  Nobody will trust Mastercoin again.  Masterprotocol will simply change the rules during the fundraising and shift tons of value from one group to another group (Mastercoin whales).  Why would anyone want to participate in a Mastercoin fundraiser?  Fool me once, shame on you...  

Now that API Network only raised 35/4000+ BTC, what will they do with those funds?  Surely they can't continue their plan on that meager amount.  Will they refund?  

Mastercoin is a meltdown.
hero member
Activity: 669
Merit: 500
JR, you recently announced you would be using your msc to support ipo's on the mastercoin protocol. Since Api Network is not accepting msc, does that mean you will not be supporting them? Or are you going to sell some of your msc so you an buy some api coins?
jr. member
Activity: 59
Merit: 10
Api Network is trying to raise 4692 btc in 30 days. It's been 33 hours since start of ipo and they have raised only 35 btc. Something's got to change because they are on pace to only raise 763 btc(16.3% of their goal). That is, if they can keep up the initial excitement for the whole month.



the protocol will increase day by day and it is already doing great than the Maidsafe,while the fundraiser is going on.
I have plenty.
push! the coin should spread & let more people join.
hero member
Activity: 644
Merit: 500
I was wrong, their goal is not 4692 btc, it is 8192 btc. Wow, they are on pace of only 9.3% of their goal. Mastercoin really doesn't need a failed IPO right now.

After getting fucked on Mastercoin IPOs in the past (MaidSafe), people don't want to participate in scams that use Mastercoin as a fundraising platform.  Too risky.

The guys doing the fundraiser might just change the rules and declare 'it was the only fair thing to do' and then people will lose a shitload of money - yet again.  Ain't nobody got time for that.

People don't trust MasterCoin any longer.  Why would they?  I sure the fuck don't.  I don't want to suffer another huge loss due to last minute changes in the rules.  The whole thing is a fucking scam.  Mastercoin whales like brock pierce get to make tons of money by tricking guys like Irvine into these scammy rules.  

I think NXT is better.

Seems like the only way to get funds to  fundraising is to accept mastercoins so people can dump their coins. Got about 100 of my mastercoins into Maidsafe instead, and I'm pretty happy about that, at least right now.
legendary
Activity: 2478
Merit: 1362
legendary
Activity: 1596
Merit: 1026
I was wrong, their goal is not 4692 btc, it is 8192 btc. Wow, they are on pace of only 9.3% of their goal. Mastercoin really doesn't need a failed IPO right now.
I think NXT is better.
hero member
Activity: 669
Merit: 500
Api Network is trying to raise 4692 btc in 30 days. It's been 33 hours since start of ipo and they have raised only 35 btc. Something's got to change because they are on pace to only raise 763 btc(16.3% of their goal). That is, if they can keep up the initial excitement for the whole month.



the protocol will increase day by day and it is already doing great than the Maidsafe,while the fundraiser is going on.

I was wrong, their goal is not 4692 btc, it is 8192 btc. Wow, they are on pace of only 9.3% of their goal. Mastercoin really doesn't need a failed IPO right now.
sr. member
Activity: 294
Merit: 250
★777Coin.com★ Fun BTC Casino!
Api Network is trying to raise 4692 btc in 30 days. It's been 33 hours since start of ipo and they have raised only 35 btc. Something's got to change because they are on pace to only raise 763 btc(16.3% of their goal). That is, if they can keep up the initial excitement for the whole month.



the protocol will increase day by day and it is already doing great than the Maidsafe,while the fundraiser is going on.
hero member
Activity: 669
Merit: 500
Api Network is trying to raise 4692 btc in 30 days. It's been 33 hours since start of ipo and they have raised only 35 btc. Something's got to change because they are on pace to only raise 763 btc(16.3% of their goal). That is, if they can keep up the initial excitement for the whole month.

full member
Activity: 152
Merit: 100

"10s of Millions of dollars in new Mastercoin fundraisers"  lol.  

MaidSafe raised $6million in 5 hours when people believed in MasterProtocol.   

API Network raised 27 bitcoin - about $13,000 in the first 5 hours of their fundraising event. 
XAP https://blockchain.info/address/12Stz3hoF1sY9J12GyMhsAGBa16vWrmufG

I guess people aren't interested in going for this kind of scam a second time?  Maybe they'd rather get fucked by their wives rather than MasterProtocol this time?



Bear in mind that the API Network launch did not accept Mastercoin as part of the crowdsale, your comment is not accurate.
legendary
Activity: 1596
Merit: 1026

"10s of Millions of dollars in new Mastercoin fundraisers"  lol.  

MaidSafe raised $6million in 5 hours when people believed in MasterProtocol.   

API Network raised 27 bitcoin - about $13,000 in the first 5 hours of their fundraising event. 
XAP https://blockchain.info/address/12Stz3hoF1sY9J12GyMhsAGBa16vWrmufG

I guess people aren't interested in going for this kind of scam a second time?  Maybe they'd rather get fucked by their wives rather than MasterProtocol this time?
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
Hey,
I would like to know more info about the burning idea

if JR owns 30 percent of coins, and intends to keep most of them ,theoretically, in the future, JR could be owning over 75 % of total coins as all other mastercoins (not belonged by him,are burned), i would like to know how JR plans on stopping this from happening
will JR be burning his coins

My plan is to invest them in the Master Ecosystem as it grows far faster than coins are burned. You remember my blog post about this, right? http://blog.mastercoin.org/2014/01/24/j-r-coming-full-time/
legendary
Activity: 910
Merit: 1000
Hey,
I would like to know more info about the burning idea

if JR owns 30 percent of coins, and intends to keep most of them ,theoretically, in the future, JR could be owning over 75 % of total coins as all other mastercoins (not belonged by him,are burned), i would like to know how JR plans on stopping this from happening
will JR be burning his coins
sr. member
Activity: 449
Merit: 250
genercoin isn't getting much. only 1BTC raised so far.
https://blockchain.info/address/1EywQx35iGzikXzMsjkVYZYu2iauF24iv5


Interesting,  they didn't use the crowdsale.   (They are manually processing)

http://www.genercoin.io/live.html
hero member
Activity: 644
Merit: 500
newbie
Activity: 44
Merit: 0
I think investing in companies building on top of MSC is a far more productive way to reduce my % of MSC held than burning it. It attracts people to our ecosystem, which is good for everyone holding MSC.
True. If the liquidity goes up it will be a better plan. Can I get a clarification on if you need Mastercoin to trade smart property for smart property or if it's specific like ones that associated to fiat like usdcoin. If it's for all that is a gamble on it could drive the price up for Mastercoin or it will drive people away because like I said earlier an extra step could really subconsciously drive people away.
sr. member
Activity: 449
Merit: 250
Also pointing out that you burn mastercoin when you trade a smart property for a smart property. Does that mean you constantly need mastercoin to trade anything? A distributed exchange is to me like creating a free market. With the fee you always bring it back to mastercoin. It almost hinders the person wanting to trade just that one smart property. Adding a extra step. If I misunderstood that blog post then disregard the last part of this post.

Instead of burning, There is a proposal to charge a fee only if the offer is filled.
Ex. 
Alice offers 10 xcoins for 20 ycoin.  It is not filled, no fee is charged.
Bob offers 20 ycoins for 10 x coins.  It is filled,  Bob is charged a fee ex. 1 msc and it is given to Alice.

This is to encourage filling up the meta dex order book. 
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
I think investing in companies building on top of MSC is a far more productive way to reduce my % of MSC held than burning it. It attracts people to our ecosystem, which is good for everyone holding MSC.
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