Yes, you'll end up holding an illiquid trading vehicle for a coin nearing its 1-year anniversary with very little to show for it.
That's pretty funny. I bought MSC at .01 last year and today they are worth .03. That is 300% appreciation. Can you please give me another investment so good as MSC?
MSC is working hard on a kick-ass protocol. They don't care one bit about the exchange and liquidity. Those are private markets having nothing to do with protocol development. If people buy and sell there, it has nothing to do with the money held by the foundation to hire programmers to continue their work to advance the protocol. The foundation does indeed hope BTC price goes up so they have more money to pay others, but only the day traders give a flying fuck about the very meager trade activity in MasterXChange. MasterXChange is no reflection whatever true value of the MastercoinProtocol. Only a very tiny percentage of MSC holders participate in MasterXChange activity - and nearly all of those are kooks.
MasterXChange doesn't reflect any true consensus of value - only those holding appreciable amounts of MSC could tell you that.
TraderTimm - you sure spew out tons of shit. Did you lose your wife's ring in this deal?
Oh my, if I was so off-the-point, as you claim, why are you so angry?
The best part of your contradictory post is this one:
"MasterXChange is no reflection whatever true value of the MastercoinProtocol. Only a very tiny percentage of MSC holders participate in MasterXChange activity - and nearly all of those are kooks."
So, let me get this straight. I "spew out tons of shit", but you claim that the exchange that is made for trading MSC doesn't reflect "true value". Wow, better apply to the ECB to run the Euro, because that is A-Grade level bullshit right there.
If your market can't be used to determine its value, then why is MSC so hell-bent on these offerings? Shouldn't they be focusing on the "core" of MSC instead of these pump-and-dumps?
Ah, that's right... they can't, because the money is all that this project cares about.
Thanks, you just proved my point for me, and made yourself look rather silly at the same time.