Why mastercoiners need centralized exchange?
1. Most users just use centralized exchange platforms to do buy&sell, then withdraw their money back, they do not care about msc, even btc, they only care about how much profit.they can make.
2. Currently, users who wanna use msc have to buy btc firstly, then withdraw them to btc-qt or blockchain.info, then use their private key to buy msc, oh god, I can't imagine my mom could do this by herself.
3. 5 million transitions per second is unreachable when trading on Dex.
Topic: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread - page 78. (Read 165286 times)
April 11, 2014, 05:05:15 AM
April 11, 2014, 04:04:52 AM
Can anyone explain the lack of movement in price given the revelation that up to $8m usd is going to pour into Mastercoin within the next 5 weeks, for a major IPO!?
$8m is a target. Not a definite amount that will be invested.
April 11, 2014, 01:48:53 AM
Can anyone explain the lack of movement in price given the revelation that up to $8m usd is going to pour into Mastercoin within the next 5 weeks, for a major IPO!?
April 11, 2014, 01:48:11 AM
Any comment on how sidechains will make Mastercoin redundant?
Are sidechains secured by a separate set of miners? And will transaction fees from side-chain transactions be the only thing supporting securitization of that side-network? (not entirely rhetorical, I actually am not too familiar with this)
Side chains could be merge-mined with Bitcoin according to the Coindesk article...
http://www.coindesk.com/bitcoin-core-developers-bitcoin-side-chains/
If there is a competitive advantage to using a side chain then Mastercoin could always switch from the Bitcoin
blockchain to a side chain.
Actually it wouldn't have to be a side-chain. It could be an alt-coin chain or some other 2.0 chain.
http://wiki.mastercoin.org/index.php/FAQ#Does_the_Master_Protocol_need_the_Bitcoin_network_to_operate.3F
April 11, 2014, 12:31:18 AM
Any comment on how sidechains will make Mastercoin redundant?
Are sidechains secured by a separate set of miners? And will transaction fees from side-chain transactions be the only thing supporting securitization of that side-network? (not entirely rhetorical, I actually am not too familiar with this)
April 10, 2014, 10:47:05 PM
Actually, MaidSafe is coinciding their fundraiser with the release of the first version of our user currency feature, and their coins will be entirely purchased and traded exclusively within the Master Protocol. The bitcoin address is run by a trusted third party who will will receive bitcoins and then send Mastercoins to the fundraiser and then send the resulting SafeCoins back to the purchaser, making the process a little more streamlined for some people who don't already own MSC.
Ah, I see. I didn't know user currency was so close to being released.
The first Mastercoin-derived currency being worth millions of dollars would be huge!
April 10, 2014, 07:20:14 PM
Is SafeCoin a replacement for MasterCoin, or this is two different projects?
April 10, 2014, 02:45:54 PM
by simple math, correct me if I am wrong, the maidsafe team, assuming they will receive 8Million Dollar in MSC, would almost own half of the MSC at given market cap (17Million$). Where do the trusted party get the MSC from?
So, the trusted party DOES have a lot of MSC which they may choose to use, but if SafeCoin really raises the funds they think they can raise, well, the MSC will have to be purchased from whoever is willing to sell. ;-)
Eventually, Maidsafe will sell their MSC to pay their expenses, but by that time, we hope to have dozens of companies doing fundraisers at any given time.
This is the whole point of MSC. We make it useful in a wide variety of ways, and we hoard it like filthy misers when people suddenly realize they need some to play in our sandbox.
Actually, every major MSC holder I know of (including me) is investing a big chunk of their MSC into companies who release tokens on our system, so we're not hoarding all of it.
Anyway good to see Mastercoin Protocol in use, can you tell the conversion rate of msc to Safecoins?
Everything currently public should be here: http://safecoin.io/
Doubtless more detail will be added to that site and buysafecoins.com in the coming days.
April 10, 2014, 02:43:27 PM
Can i ask why, it even goes from
Bitcoin -> MSC -> Safe coin
Why is MSC the intermediary
Why doesn't it just go
Bitcoin -> Safe coin
i must be missing something here
Bitcoin -> MSC -> Safe coin
Why is MSC the intermediary
Why doesn't it just go
Bitcoin -> Safe coin
i must be missing something here
I'm not aware of any ways to currently issue your own currency on top of bitcoin. There are ways of colouring coins, yes, but not issuing new tokens. Mastercoin permits this.
April 10, 2014, 02:17:43 PM
April 10, 2014, 01:58:18 PM
April 10, 2014, 01:32:49 PM
I was just wondering what you guys think of side chains
http://letstalkbitcoin.com/e99-sidechain-innovation/#.U0ZUFPldUfU
http://letstalkbitcoin.com/e99-sidechain-innovation/
letstalkbitcoin.com
is this a threat to master coin
what are mastercoins thoughts and responses to this matter
http://letstalkbitcoin.com/e99-sidechain-innovation/#.U0ZUFPldUfU
http://letstalkbitcoin.com/e99-sidechain-innovation/
letstalkbitcoin.com
is this a threat to master coin
what are mastercoins thoughts and responses to this matter
April 10, 2014, 10:39:05 AM
They say in the white paper that they are aiming to raise about 8 million USD.
There is no mention of 100 million or a billion but each to his own math.
There is no mention of 100 million or a billion but each to his own math.
yes 8million dollars based on 10 % of the coins distributed,
anywyas
simple mathematics therefore values this at approximately 100 million dollars
this one will be interesting to watch that is for sure
April 10, 2014, 10:36:26 AM
If you compare its innovation to something like angry birds which is valued at a few Bil, and is a brain dead app, its doesn't seem to bad, the code is supposedly patented (correct me if i am wrong), so it can;t be ripped off either
It can't be directly ripped off but projects like Bitcloud will directly compete with it.
April 10, 2014, 10:32:51 AM
Any comment on how sidechains will make Mastercoin redundant?
April 10, 2014, 10:29:07 AM
Jumping in the new thread.
Looking forward to what's next.
Looking forward to what's next.
April 10, 2014, 06:27:18 AM
They say in the white paper that they are aiming to raise about 8 million USD.
There is no mention of 100 million or a billion but each to his own math.
There is no mention of 100 million or a billion but each to his own math.
yes 8million dollars based on 10 % of the coins distrubited,
anywyas
simple mathematics therefore values this at approximately 100 million dollars
April 10, 2014, 06:05:12 AM
They say in the white paper that they are aiming to raise about 8 million USD.
There is no mention of 100 million or a billion but each to his own math.
There is no mention of 100 million or a billion but each to his own math.
April 10, 2014, 05:10:41 AM
April 10, 2014, 04:52:16 AM
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