Bitcoin Forum

MaskNetwork is a peer to peer decentralized social trading network where traders and bloggers are rewarded for the content they create. MaskNetwork pays both the content creators when their work gets upvoted, as well as the people who curate the best content on the site by upvoting others work. The network can be accessed over the web so you don't have to download anything to start using it.

User Issued Assets
User issued assets are a type of custom token which users can hold and trade with no. Unlike MaskCoins, those tokens can be issued by regular users like you. They could represent a virtual share, a proof of membership, a real world currency or anything else. The network rewards assets issuers every single day.

Binary Options
In finance, a binary option is a type of option in which the payoff can take only two possible outcomes, either some fixed monetary amount or nothing at all. Over MaskNetwork you can issue your own binary options or invest in existing options launched by other users. Because there is no central server, you can bet on anything for which a data feed exist. The network rewards both options issuers and buyers every 24 hours.

Margin Markets
In the real world trading on margin means borrowing money from your broker to buy a stock and using your investment as collateral. Usually investors will pay interest for borrowed money. Over MaskNetwork, a margin market alows you to place leveraged bets against the market owner. Margin markets prices are provided by data feeds. All your losses are market owner's gains and vice versa. Not only that traders don't pay any interest but margin market operators are rewarded by network every 24 hours. Start your own decentralized market today. No central server means no limits on what or how you trade.

Build as store of value
MaskCoin the cryptocurrency that powers up the network. Users need maskcoins for every message they send over the network. MaskCoin has been designed as a deflationary currency, so it has a strictly limited money supply. The number of MaskCoins that will ever be created is limited to 21 millions. Broadly speaking, a deflationary currency is one that increases in value over time. Goods and services priced in a deflationary currency will therefore tend to reduce in price - all other things being equal.

Built-in secure messaging
One of the most important features of the network is the messaging system. You can send messages to any address and any address can send you messages. Even if it crosses the entire network no one can see the message content. All messages are encrypted and only the recipient can decrypt the content. You can use any web node to send / receive messages.

Integrated Escrow System
Over an anonymous soacial network as MaskNetwork, there will always be cases of fraud in which paid products never reach the destination, especially since any payment is irreversible. For this reason we have integrated an escrow system across the network. When sending funds to an address, you can specify a different address as escrower.


Official Website
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www.masknetwork.com

Active web nodes
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www.maskbuzz.com
www.hiddenmarket.info
www.coincenter.info

Whitepaper
http://masknetwork.com/white_paper.pdf

ICO Information

ICO will start on June, 1, 2017 and will end on June 30, 2017. The real network will be launched on July, 1, 2017. Only 500.000 coins are available for sale during ICO. For more info check the official page.



 

Website is very good but, maskwallet is even better.
Concept very good.

this is either a very elaborate scam or the coolest crypto project i've seen since ethereum launch  ;D

very good for website http://maskwallet.com  ;)

thanks for your open source hardly work.and some problems already PM.

Interesting project BUT I would prefer if the ico was done by a reputed escrow like SebastianJu.

Mecurial and a few other coins also looked good (without escrow), the only reason I will not invest is because of this.

Dev if interested I can send you detail of SebastianJu.

haha are you deleting posts now ? get an Escrow you scamming cunt
https://twitter.com/ThisIsNuse/status/671921041028063232

Confusing with all those same websites!!  What is the purpose of these similar websites?

They are pretty the same.

Some friend of mine told me about this new project. I checked the site and web wallets. Looks good but i have lots of questions before investing. Lots of questions. Too many scams pop every day :

1. Is this new software ? It looks like new software but better asking. Java based ?

2. I have 2 addresses on 2 web wallets. I have sent a message from address A to address B. On help says the message is encrypted. How does address B knows the encryption key ? I have never used address B. The key is included in the message ?

3. When you send a transaction with a message, is the message encrypted ?

4. I want to post some ads. I want my ads to be displayed first ? How can i do that. I have to pay more ? The ads will appear on all web wallets ?

And you registered only to post here? ;D

The web nodes are running the same software, so they look the same. But i'm sure those who will run web nodes, will change the design.

1. It's 100% new software. The web interface is written in PHP. The java web kernel is....java :) The web interface and the java kernel communicate each other through mysql. But Oracle or other relational databases can be also used. Java kernel is permanently connected to the p2p network and writes all changes to mysql. The web interface reads the data directly from db.

Usually, you have a node that can be accessed through a JSON interface (bitcoin case) but i think this method of is not flexible enough. For example, in MaskNetwork case, you can have the web interface on one server, the mysql db on another server and the java kernel hosted on another server. An attacker that gets access to the web node which is the first line of defence, will find no private keys. He / she will not even know where the java kernel is hosted because the web node connects to the db server.

You can also have multiple web nodes connected to a single db communicating with multiple java kernels, for redundancy.

2. A MaskNetwork address is an ECC public key. It's basically the base64 encoded form of the raw public key bytes. When someone gives you an address, you can send encrypted messages right away. So, the messages you send, are encrypted using address B public key and only address B can decrypt them, even if address B has never been used before.  This is why a MSK address is so long and "ugly". Fortunately you can rent an address name in 2 clicks... 

3. The message is encrypted. Same rules apply.

4. The ads will be visible on all wallets after they are included in a block. The ads are displayed based on how much you pay (market bid field on new ad dialog).

We have released a new version today.

100% changed web interface plus tons of bug fixes.

We will keep you updated.

Interesting idea ... but the java is a turn off. And mysql is your solution to leveldb? (-__-)

The desktop node will use leveldb but for a web node, mysql was the obvious choice. Mysql is the most powerful / scalable / popular database server right now.

Will be looking more into this over the weekend when my work week is over. Website looks really good though so far as I can tell. Good job so far.

Cloned the web interface into my development box. I can at least try to design my own :P

I never did much Java stuff ... php and mysql are more my thing, so I will be interested to see how it all works in that environ.

Couldn't node operators steal users private keys?

This probably a scam, i remember a presale for the same network a while ago.

I agree with you colleague :) Really interesting concept.

Just tryed to send coins between two adress in format " ...xxxxxxx/xxxxxxxxxxxx... " (position of / may change).
only answer I've got so far : "invalid recipient" tryed with several different adress, always the same result :/

Regarding the scam information tweeted by fatcat, indeed this thread is an old repost from 2014... I'ld like to learn more about it.

Of course they can. And in many cases they will, if users don't protect their addresses. This is why we have implemented a lot of double factor authentication methods :

Frozen Addresses - You can freeze an address for a period. From a frozen address one cannot spend funds.

Restricted Recipients - By activating this option you will be able to send funds from the address only to a group of up to five other addresses. If an attacker takes control of the address, he/she can only send funds to a specified group of addresses.

Multisignatures - A multi-signature address is an address that is associated with more than one private key. Spending funds from a multisig address requires signatures from up to 5 other addresses.

One Time Passwords - A one-time password (OTP) is a password that is valid for only one transaction, on a computer system or other digital device. Spending funds from an OTP address requires an unique password.


For example, you have a wallet with hiddenwallet.org and you want your coins safe. You follow the steps :

- You open an account to maskplace.net
- Attach your main address on  hiddenwallet a security option like Restricted Recipients pointing to your maskplace address.

An that's it. Even if the owner of hiddenwallet web node OWNS your private keys he / she will be able to send funds only to your address at maskplace.

And of course you could attach the same security option to your maskplace address to point to even another address on another wallet and so on...

It's trivial for a user to setup a really complex security scheme for his / her addresses.

An address looks like this :

ME4wEAYHKoZIzj0CAQYFK4EEACEDOgAEXmBuVoQ1FgMYQfBYKBCMPCBBPIXNNGNiEz2RwdsGM3g/EWke4d5cWzOiAejcn7Q/xwKwil1OBkM=

Press the QR button next to an address to see the whole address and then try to send again.

Regarding the "scam info" :

In 2014 we have launched a preview for a descktop client. After the initial tests / suggestions we have quickly understand that there is not going to be any adoption if regular joe will have to download a piece of software in order to paly with MaskCoins. Nobody will download and install anything just to browse a marketplace. Ebay is more than ok for them. Force a user to download something = no adoption

So we have return to the drawing board. We have rewritten a lot of code. We have redesigned a lot of sections and now we have the first real 100% web-base p2p decentralized cryptocoin and much more.

What happened to the IPO coin that was bought at that launch? Looking back at post, it appears at least a few people invested. Did their investment get returned to them?

There was no IPO. We started an exchange. Investors could buy / sell MSK for Bitcoin. All investment have been returned. We have announced then that we will need to redesign everything and it will take some time to come back with a viable solution. And we came back...:)

Do you have proof of the public adress refunded ? Indeed no information regarding any returned investment are available in your original copy/pasta from 2014...
http://bitcointalk.org/index.php?topic=641891.220

thank you for information

I tried and found the Advertise function does NOT work.

I can't believe that's a thing. "Easy" it is not. While I don't love the fact that everybody uses basically the same software, if you're going to have DIFFERENT wallet software, it actually needs to have UI and step it up. I see this with my online store where people have to download the client to get test orders (I guess because they think it's not real, that they won't actually get things for their crypto). It's still early days in this game, and that can be frustrating, I suppose. Well if people keep having that thought of it can be any client up the noone is going to join the marketplace and that cant turn out good.

Solved. Try again.

I agree. I think this is very important for the validity and trust in this community for this project going forward.

There was no "refund". Step by step :

1. In May, 2014 we have started an MSK exchange and investors could buy / sell MSK for Bitcoin. BTC Deposits / withdrawals were automated.

2. In July 2014 we have released the desktop client and i have quickly understood that regular users are reluctant to download anything unless they really need that piece of software.

3. In august 2014 we have announced the MSK owners that we will switch to a web based model and we need to redesign everything. Some 90% of investors sold their MSK for BTC and that's it. No "refunds".

4. In December 2015 we came back with what we have promised.

What would Bitcoin be without web wallets ??? Who will download the QT client,  wait a week for sync just to send some coins from left to right. A new coin has to be much easier to use than Bitcoin to have a chance to succeed (a small chance).

Bitshares, Ethereum, NXT....and 1000 other coins have 0 chances of adoption if they don't switch to a web based model.

Regular joe will not download anything. Period. 

Thank you for lighting your previous scheduling.
Will they be an MSK exchange again or there is only the IPO?

Are you aware of the project OpenBazzar, it seems you are doing the same thing.

Actually I had been following this project from the very beginning, but you guys disappeared last year without any update in the previous thread, it let me down very much, if you hope us invest in your project again, please reveal more information of your team.

Well it seems OpenBazzar is not live for now and after going through their faq you will need to download the program.
MaskNetwork seems to be running and don't need any download, which is a big +

1. In order to be able to sell on OpenBazaar, you will have to download a program and KEEP IT RUNNING. If the program is shot down, your store will go down also. In MaskNetwork you post an offer, the message traverse the network and once included in a block will be available 24 / 7 even if you die in a car crash. No server, no central point of failure. Set and forget. You will be notified on new orders.

2. Point 1 would not be such an issue for some sellers but the design says that the end user will also have to download a program to browse the market. And that is a real drawback. They will do it only if they can buy something that can't be bought over eBay or web. In MaskNetwork, the end user will only have to choose a web node, open an account and start browsing the market.

Point 2 is the reason we have redesign everything back in 2014. We did not "disappeared". We have started a new long working session...:)

OpenBazaar will work only if you can buy drugs or other illegal stuff using it. Otherwise, the chicken and egg effect will kick in. No buyers, no sellers willing to keep a program running  24 / 7. No illegal stuff, no buyers willing to download the client just to browse a market for things they can buy over eBay in 2-3 clicks.

I will not mention other MaskNetwork features like built in escrow system, multisigs and many other tools for merchants. And anyway, what you see online right now is the "foundation", the basic stuff. We have build the real cool stuff over this layer.

So, stay tuned...:)

How often will this thread be updated with updates?

Sent some for the pre-sale coins.   So far no email, been 6 hrs.  I will keep everyone posted.

Up date 01/05/2016

Have received address and keys for the pre-sale coins.

Send me a PM with your email / amount bought.

We will update this thread every week.

Lets see how it works out.

Regarding the tiered structure of the coin price of the ICO - what if you wind up only selling a fraction of the million coins? What if you only sell 50k coins? The way the structure is, it'll be close to impossible to sell 1 million coins at escalating prices. I think this is why many are calling this a scam on its face, because it doesn't seem like pricing has been structured in a way that makes sense. Can you please elaborate on why you choose this type of pricing and what you will do about coins that aren't sold? Will those unsold coins be burnt? Or will you retain them - a lionshare of the coins for yourself?

We have just launched the first decentralized microblogging platform as part of MaskNetwork. It's the twitter with no central server / authority, 140 characters limit, cenzorship and so on...

To test it choose a web node and go to tweets.

How it works :
---------------------------------------------------------
1. An user post a tweet. He / she can attach up to 5 pics.

2. The "tweet" packet is broadcasted to all nodes.

3. Once included in a block the "tweet" will become visible on all web nodes.

Same rules apply for follow, unfollow, comments or like data packets.



Advantages :
----------------------------------
- No central server

- No central authority holding the personal data of hundreds of millions of users.

- No censorship (Web node operators can only "hide" content, but when 200-300 web nodes will be active completely censoring a post will become almost impossible, no matter the content.)

- As easy to use as the real twitter. There are no usability differences. Nothing to download. You can follow, unfollow, post comments or setup a profile for each address (Sample :  http://maskplace.net/pages/tweets/adr/index.php?adr=ME4wEAYHKoZIzj0CAQYFK4EEACEDOgAELY6%2FItayEz371H0LK5iAvlI076G1ZhVtQADv31yCYi%2F%2FBw2vh72ij%2B6xYDWvRivwkRZkWP2hML4%3D)

- No content restrictions but i'm sure node operators will "filter" really illegal posts.


So. It's official. The first decentralized social network is live. Stay tuned for some huge updates in the next 2 months.

We are not here to decentralize only the microblogging .....;)

Well, a week ago we were talking about the first web based cryptocoin project. Now we are talking about the first decentralized social network and in 2-3 weeks we will talk about the first decentralized p2p betting platform / binary options where you can write / buy options on real live assets like Microsoft shares, oil, gold and hundreds of other securities. It's hard to say what the price will be when the presale period ends and all the features are online.

Anyway, in case we don't sell all the coins, we will use the remaining as collateral to launch market-pegged assets or speculative markets. It's hard to explain the details because the market pegged assets section will go live in 2-3 weeks, but  those coins will be frozen for many years. This is important.

We will not be able to sell them. And we don't want to. Remember that half of new coins are distributed by interest and the interest rate in the first year will be over 50%. Who wants to sell ?? :)

Hi, can i ask what legal entity you operate under? And what do you plan to spend the money on that you raise from the sale of msk? 

Do you have a website with the names and faces of the development team?

How do you keep mask coins secure?

Is it immune to DDOS?

Why do not continue ?

We will spend the coins mainly for advertising because the development is 90% done.  We don't have yet a website listing developers but i'ts a good iddea to have one.

There are 4 ways to protect your MSK or assets and nobody will be able to spend your coins even if you loose your private key :

- Restricted recipients (By activating this option you will be able to send funds from the address only to a group of up to five other addresses.)
 
- One Time Passwords (A one-time password (OTP) is a passwordthat is valid for only one transaction, on a computer system or other digital device. Spending funds from an OTP address requires an unique password.)


- Multisignatures (A multi-signature address is an address that is associated with more than one private key. Spending funds from a multisig address requires signatures from up to 5 other addresses.)

- Frozen addresses (You can freeze an address for a period. From a frozen address one cannot spend funds. )

Available For Sale 970,000 coins with Last Price $0.4 per MSK = Extremely overpriced, no thanks.

They are currently selling 1 Million coins by 10k bandwidth with a 0.1 increase at each level, starting at 0.1$.
So the 1 000 000th coin should "theorically" be sold for 10$ !!! (if they are all sold haha)
And each year for 9 more years they will put 1 million new coins in the system. Why? idk. Interest rates? New crowdsales?
Will they really stop putting new coins after 10 millions coins in the system? idk either. Why would they stop...
They can edit how many coins they want, I did not read it is a fixed number like the bitcoin.
So in the long run how is it interesting to invest currently 0.4$ / MSK coins :o it is too much indeed

Ok :

1. On the first page of MaskNetwork presale, the first words are : "In total there will be a maximum of 100 million coins in circulation...". So, bitcoin has a maximum of 21 mil and MaskNetwork 100 mil. The max limit is hard-coded.

2. Each ear a maximum of 1.000.000 coins are generated. Half of this amount is generated by interest and half by miners. And for the next 100 years the software (not us) will generate 1.000.000 coins / year.

Right now the market cap of MaskCoin is $400.000.

MaskNetwork is the first and only web-based decentralized social network and in 1-2 weeks will become the first decentralized trading social network. We are alpha over testnet and we are uploading new features every 1-2 weeks.

Right now making price predictions is way too early....

What happened to weekly updates?

So you are not only attempting to sell us very overpriced coins but also expecting us to test your alpha software and report bugs, suggestions and participate in all this for free? Funny guy!  :D

Hi, Mask Network
I found a bug in regards to the Receiving Daily Interest option on your Maskwallet.com website, although i have enough mask coin to start receiving daily interest, it does not for some reason hand out the daily interest even though i signed up for it and the website verifies it, i also noticed that right next to the Title "receive Daily Interest" it says (not receiving) even though i opted in for the option.
I hope this Helps.

Dexter Daxter

We have just introduced user issued assets:

User Issued Assets (UIA) :  User issued assets are a type of custom token registered over MaskNetwork, which users can hold and trade.

The creator of such an asset publically names, describes, and distributes its tokens, and can specify customized requirements, such as daily interest, or the associated trading and transfer fees.

Sample asset : http://hiddenwallet.org/pages/assets/options/bet.php?uid=125305476952

Keep in mind that assets are different from assets markets. In the next weeks users will be able to launch assets markets between any two assets. On an asset market, users will be able to post buy / sell orders to buy an asset using another asset as a currency.

For example on NXT asset exchange (the biggest ae market) when you launch an asset, a market between that asset and NXT is automatically launched. Over MaskNetwork a market like this can be launched between any two assets or between an asset and MSK.

Other features :

- You can specify a per-transaction transaction fee. Users will pay you a small fee after each transaction involving your asset.

- You can specify an interest. If you specify an interest, assset holders will receive a hourly / daily / weekly / monthly  interest.

-  User issued assets enjoy the same security levels as maskcoins. For example from a frozen address, you can't spend assets. You can send assets as easy as maskcoins using the same send dialog.

New feature - data feeds :

A data feeds can be created by any address. A data feed "injects" data into the network at regular intervals. The data can be anything, from stock quotes to outside temperature in London. On to of data feeds some very interesting decentralized applications can be built.

For example this data feed is presenting live quotes of major cryptocoins : http://hiddenwallet.org/pages/assets/feeds/feed.php?symbol=CRYPTO

Suppose you have access to a data feed and you want to make it public for MaskNetwork users, for a fee. Data feed owners can specify a small fee that will be paid by those who want to use this data for their own applications (binary options / speculative markets….). This is what you have to do :

1. You start a new data feed and specify what kind of data will make available. It can be any kind of data. (check one of web nodes for details). You also have to specify where the data will come from (a web link)

2. The packet cotaining the feed details will be broadcasted into the network and once included in a block, every node will know that your address has some data to provide (http://hiddenwallet.org/pages/assets/feeds/feed.php?symbol=CRYPTO).

3. From now on, the your web wallet will ping the link you have provided and gather the data every minute.

4. Once it gets the data, the web node will pack it and broadcast it. Once included in a block, the feed will be updated and the whole network will know the new values / prices.

As i have mentioned, on top of those data feeds, a lot of applications can be built. The first one is decentralized betting / binary options and i will talk in a future post about how you can write or buy binary options (based on data feeds) with no central server / authorithy.

In finance, a binary option is a type of option in which the payoff can take only two possible outcomes, either some fixed monetary amount or nothing at all, in contrast to ordinary financial options that typically have a continuous spectrum of payoff. Binary options pay some fixed amount of cash if some conditions are met in a specified time interval.

Right now the binary option market is dominated by huge players like 24option where you stand no chance to win on the long term, because you are betting against the house and the house always wins. Also, many websites are enforcing big minimum bets / identity verification. We have implemented over MaskNetwork a decentralized p2p betting mechanism where regular users can anonymous bet against others with no central entity.

Because this is something new in crypto world, the best way to understand the concept is to give you an example of how a binary option / bet is launched and how the software is processing the whole process with no 3rd party risk.

Suppose you think that the price of bitcoin will NOT hit $400 in the next days and you want to make some money on this so you launch a bet. In case the price hits $400 you will loose the bet and the buyers will win. The first step is to find a suitable data feed. Using the data from the data feed the network will decide who will win.

Step by step:

- You choose a data feed (http://coincenter.info/pages/assets/feeds/branch.php?feed=CRYPTO&symbol=BTCUSD)

- You launch a binary option based on this feed and setup the winning conditions. In our example the binary option will be won by buyers in case the price of bitcoin hits $400 in the next 2 days for example. But you can specify a lot of other details. (http://hiddenwallet.org/pages/assets/options/issued.php?act=show_modal&feed=CRYPTO&branch=BTCUSD)

- Because you are betting against other anonymous users, a collateral is required. In case you loose the option, the collateral will be used to pay the buyers. You have to specify how much maskcoins / assets are you going to risk on this bet. The coins / assets will be deducted from your account.

- The packet describing the binary option is broadcasted and once included in a block nothing can be changed until the option expire. The option will be available to investors (http://hiddenwallet.org/pages/assets/options/bet.php?uid=125305476952). You can not access the collateral in this time.

- Buyers check the winning conditions and if they think the option can be won, they invest maskcoins / assets to buy your option. The bets amount is limited only by the collateral. If the collateral is for exampe 100 msk and the buyers will win 100% of their investment, then only 50 msk can be invested into your option.

- Once an investor buys a piece of your option his / her coins / assets are frozen. The investor will not be able to access those funds until the option expire or it ends because it meets the winning / loosing condition.

- After each feed update, all nodes will check active options. Based on the values provided by data feed, the network will decide which options are won or lost and will automatically pay the winners.

The whole process is managed by software and nobody can change anything once an option is launched.

In the next 2 weeks we will move to our next goal (Decentralize online trading). Stay tuned.

Thanks for the update. My question is when and how are you going to start marketing this? There doesn't seem to be any community at this time. Unless there is a Slack or a Ryver that I am not aware of.

Generally speaking, advertising an unstable testnet is a really bad ideea.

Masknetwork is the most easy to use crypto network out there. We can easily inject 100.000-200.000 clicks / day, retain 500-600 new users and start building the community from there. It's a fast process once we start it.

End users will come. They will start to use the first decentralized social trading network and they will be amazed....for 2-3 days, until they will find that :

- Maskcoins have no values
- The testent is reset once every 2-3 weeks.
- The network is unstable.
- They is very difficult for anyone to run a web node
.
.
.

and a list of another 20-30 issues.

We don't need end-users right now. We need EXPERIENCED TESTERS THAT UNDERSTAND DECENTRALIZED NETWORKS. This is why we are here. If we wanted regular end users we could already have 10000 - 20000 actives  / day on all web nodes.

In the "real life" we make real cash economic simulators and have a huge user base to start from. Only goldentowns.com has over 1.000.000 verified active / inactive accounts that have no ideea that we are behind MaskNetwork.

Trust me. The easiest part is to build a strong comunity around Masknetwork once everything is in place...:))

To answer your question, starting June, 1 when the real net goes live, we will start to bring regular end users  / traders. Until then, we build, test, build, retest and so on...

 

Do you have these?

I have two tester accounts but did not use for a period of time. After that, I tried to login and found the accounts suspended. Is it normal?

so no more info ... ?

On Mars, 7 we will release a major update.

Ok. We have just launched new sections :

- Margin markets
- Market pegged assets
- Regular assets markets
- Assets Exchangers
- Escrowers

On 20 Mars we will implement the last remaining section (the Marketplace). It's the last because it uses a lot of other sections like escrowers and assets. I will talk about those new sections in the following days. Today i will explain what a margin market is.

MArgin Markets
A margin market is a market where users can trade a real world asset on leverage but without borrowing any amount of money. Because it's something 100% new in crypto world, i  will explai the concept by giving an example.

Let's say, you have some 10000 MSK and want to make a profit. You know that over 80% of traders loose money on long term and you think that trading it's too risky for you. So you open a margin market over Masknetwork and allow others to trade. You choose NXT because it's popular cryptocoin that can't be traded on margin anywhere else. You want to allow others to trade MSK on margin using a x500 leverage. So :

- You choose a data feed CRYPTO/NXTUSD (http://hiddenwallet.org/pages/assets/feeds/branch.php?feed=CRYPTO&symbol=NXTUSD)

- You go here and setup your market. http://hiddenmarket.info/pages/assets/margin_mkts/my_mkts.php?act=show_new_mkt_panel. There are a tons of settings but the most important are  maximum leverage, collateral and the spread. Your collateral will be 10.000 MSK (but it can be any other asset also)

- The new market packet is broadcasted and once included in a block, all nodes will create your market. And here it is :  http://hiddenmarket.info/pages/assets/margin_mkts/market.php?ID=4173675322 waiting for traders.

- An user launch a position on your market. The position will start on red because of the spread. The user will specify the open price, stop loss, take profit, the leverage and NXT qty to buy or sell. He / she will pay the margin. The margin will go to the market balance.
And here is the position. A buy order of 1000 NXT at x100 leverage using a margin of only 1.3809 MSK : http://hiddenmarket.info/pages/assets/margin_mkts/story.php?posID=7345434357

- After each feed tick, all nodes will update all positions PL. When a position touch the TP or SL, the network will close the position.

How the trade can end :

- The trade is closed manually on red. In this case the user will receive back the remaining margin. The rest is the market profit.
- The trade hits stop loss. The user will receive nothing back. The margin is the market profit.
- The trade is closed manually on green. In this case the user will receive back the margin plus the profit. The profit is paid by market. In this case the market looses money.
- The trade hits take profit. In this case the user will receive back the margin plus the profit. The profit is paid by market. In this case the market looses money.

Basically the traders profits are the margin market's looses and vice versa. But because over 80% of traders loose money on long term, the margin markets have bright future :))

General Benefits :

- No broker is involved

- Because there is no broker there is no regulation regarding positions sizes or maximum leverage. Right now regulated US forex brokers can offer up to x50 leverage.

- No central server, no AML or other bullshit.

- 100% transparency. Margin markets are 100% driven by open source software.


Benefits for margin markets owners :

- When it comes to leveraged trading, traders usually loose a lot and they loose fast. And all that traders loose, is the market gain. There is a rule saying 90% of traders loose 90% of their capital in the first 90 days...:)

- No regulation. You are free to choose what to offer for trading and how. Nobody knows who you are or where you live.


Benefits for traders :

- You can trade in insane ways. You can buy or sell any qty that market allows using huge leverages. You choose how much you want to trade and at what leverage. Imagine buying 0.01 Apple shares at x1000 leverage. Sky is the limit.

- You can't be cheated and the broker can't say i will not pay you. Once you open a position, the whole process will be managed by the network.  



Of course there are tons of details regarding the margin markets. This was just a short introduction. Stay tuned.

Keep up the good work.  Can't wait for the finished version.

would be possible to use any coin or will be used only coin already on exchanges like bittrex , poloniex or bter ?
how can a coin be chosen to be traded , i'm very interested .

Website is not fully working right ?
Description bar is showing http address.

If there is a data feed and a market you can trade anything. This data feed (http://hiddenwallet.org/pages/assets/feeds/feed.php?symbol=CRYPTO) will add 20 more coins today. If someone starts a market around one of the feed branches then you will be able to trade a new coin.

In the next days more data feeds will be available for FOREX pairs, commodities and stocks. There is no limit on what you can trade.

Also markets can use not only MSK as currency. They can use any other asset as currency.

A silk road with a coin.

On an unsecured, public website and zero commmunity. Seems legit.

I remember seeing the ICO price.

I was like, seriously? They expect people to pay that much?

I see 500 coins have been sold.

The website claims the market will be live on "Mars 20th"

A silk road with a coin - It's not hard to see that MaskNetowrk is much more than "a silk road with a coin". The "silk road" section is not even online.

On an unsecured, public website and zero commmunity. Seems legit.  - There is no website. There are 7-8 webnodes and 10-20 desktop nodes operating on the testnet. It's a decentralized network in primary testing phase. We have no intention to advertise or start creating  a community around an alpha WIP (work in progress) software. Never !!!

I see 500 coins have been sold. - 40.500 coins were sold. It's not much compared to other ICO's but we are well funded and the ICO doesn't really matter for the project's future.

The website claims the market will be live on "Mars 20th" - We have a clear roadmap and it's public.


We are receiving messages every day , asking us to promote MaskNetwork and starting the official forums / blogs. The reason we have delayed this phase is simple. The most important sections (ecommerce and smart contracts) are not yet live. They will be live in April.  

Those two sections are build on top of already implemented features and without them the project is only half functional. The forum and the first stage of advertising campaign will start at the end of april.

We have made the mistake in the past to advertise incomplete / unstable products and we are not going to do it again.

 

Small update :

Smart contracts - this was a feature that was scheduled to be launched in May. We think smart contracts are a handy tool especially if they run inside an "operating system" like MaskNetwork, but many others think they are a big deal and will change everything so we have speed up the smart contracts development and now we have a clear date for the POC 1, on April 5.   

Smart contracts are written using MaskNetwork Script Language (MSL) which is a turing complete low level language. Smart contracts will run on the mainchain inside MVM (MaskNetwork Virtual Machine) and because they run on top of an "operating system", they have some really nice fetures compared to Ethereum. A MaskNetwork smart contract can send messages, post tweets, post adertising messages, launch trades or binary options, transfer assets of market pegged assets  and many other cool things, impossible over Ethereum or Lisk

 They can be used to build 100% autonomus decentralized corporations that self promote, trade and interact.

Mining Algorithm - As you already know 50% of new coins will be distributed by interest and half to miners. We have studied many other mining algorithms and we decided to use a new algorithm derived from X11. We call it Polymorphic X34 (PX34). Unlike X11 that uses 11 hash functions, PX34 uses 34 hash functions and the order of hashing functions change after each block (depending on the last block hash).

Basically the mining algorithm changes after each block, making it 100% ASIC resistant because the most efficient way to run an algorithm that is always changing is to use a computer microprocessor. 

How can we mine this coin, is there any detailed guide?

As we have promised, smart contracts are up and running. We have introduced a new section called Applications. It has 4 sub sections


New Sections :
----------------------------------------------------
- Applications Directory : in order for your application to be visible, you need to publish it to app directory. This section is different from App Store section.

- Applications Store : here are listed applications for rent. As you already know, everything on MaskNetwork is rented. Everything expire after a while so applications can't be bought, only rented. 

- My applications : Here are displayed your installed applications.

- Write Application : Using this section you will be able to write dapps. It comes with an online compiler.

About MaskNetwork Scripting Language (MSL)
----------------------------------------------------------
MSL is a low level turing complete scripting language, that allows you to write decentralized applications that will run inside the network. There is nothing to download. The wallet comes with an integrated compiler (Main Menu >  Applications > Write Applications). It also comes with one click installer that broadcast and install your app to the network. All applications are run on the main chain inside MaskNetwork Virtual Machine (MVM).

Application creation workflow :
---------------------------------------------------------- 
- You login into your account on one of wallets and write an app.

- After compiling, if there are no syntax errors, you are ready to install the app to network. Until then the code is saved on your wallet but it will not run.

- In order for your app to run it has to be installed. It's a one click process. Just go to Write Applications section and choose "Deploy to Network". It costs 0.0001 MSk / day.

- After your app is accepted by the network, you can start use it. Depending on your code the application will wake up after it receives a transaction, a message or at specified intervals. It can run for example every 5 blocks.

- From this point, you have multiple options :
a. Publish your application to directory for other to use it. It's a form of advertising.
b. Publish your application to market and rent it for a price.
c. Seal it : a seal application can't be modified by owner. It becomes 100% autonomus and it will run until it run out of funds. This is an essential feature.
d. Froze it : a frozen application i stii installed on the network but it's "inactive". It will not run.
e. Unistall application:  if the application is not sealed, you can uninstall it (the nodes will delete your app drom db).


This is sample application that will wake up after it receives a transaction and will send a message back. It will also post a tweet : http://maskwallet.com/pages/app/directory/app.php?ID=4049758653

We will come back with details in the following days. This is a complex and inportant section. We will upload next week the full MSL language reference.


 

I still would like to see it go to a good future, just wish it had a roadmap, at least I can be a part of this thread, cheers

All wallets will start to mine using available addresses. We don't have yet a step by step guide. Because the algorithm is new and it changes after each block, CPU mining is the only form of mining that will be available at launch time.

In MaskNetwork mining is a bit different than other cryptocoins because you don't need only hashing power but coins also. Even if it's a POW algorithm the difficulty changes depending on the mining address balance. Those are the basic mining rules :

- One address can mine only once every 1000 blocks (the network has 1 block / minute)

- After mining a block you can't spend funds from that address for 1000 blocks.

- Mining difficulty changes depending on the address balance. An address holding 1000 MSK will mine on a difficulty 10 times lower than an address holding 100 MSK.

Without stakeholders or a lot of coins, the biggest mining operation in China will be useless even if they have tons of hashing power. Over MaskNetwork, mining power is a balance between hashing power and the stake you hold.

@masknetwork

Is there an explanation how the decentralized system works.

You dont have any server running or do you?

Thanks

How many total coins will there be to be mined?

There are 6 web nodes up and running (check www.masknetwork.com).

What do you mean by "decentralized system" ? Mining algoritm, hashing, consensus,... ?

There are many aspects.

What do you want to do with money from presale?

I check the wallet: is very very raw.
Many link is not working (nothing happened or 404 - as example some links from bottom bar).
Escrowers section has same text as Binary Options.
Goods section has "This sections will be launched in January,2016".
Digital good has "This sections will be launched in April,2016" and then tabs were gone.
Services has same story.
Addresses list in the Explorer is empty.
Trade -> Data Feeds, Details, links from Bets, Assets and Markets are same and go to "My Feeds" section.
When you click Transactions in the bottom bar Tweets sections has higlighted.
And I can't find the way to go to Transactions from top bar.
...
Good luck in any case, I rember you from 2014 launch and your desktop wallet.

Rules :

- There are a total of 100.000.000 coins
- The "premine" is 1% (1.000.000 coins )
- No more than 1.000.000 are distributed every year
- 500.000 coins / year are distributed by interest (starts at 50% / year and decreases every day)
- 500.000 coins / year are going to miners (a minute block time, 1 MSK / block reward). It's fixed.

The short answer is 500.000 coins / year or 1440 coins / day. But, as i have already mentioned, miners will also need coins in order to mine or they are going to mine on a very high difficulty.

Ok. I guess my question then is since it looks like out of the 1 million pre mined coins, not all of them are going to be sold, will the rest have a chance to be mined the first year and/or be given as interest? If not, what happens to them?

And technically there are 525,600 minutes in a year.

If you already have traders on Mars, I'm going all in with this project  :o

Not yet, but who knows....:))

where can we sell mask coins? I see in site there are only buying option available. not selling option.
how to trade them.?

still waiting for an answer , you accept new coins to your exchange ,there is a
 github ?
 

There is no exchange. This is a presale. After the main net will be launched (next month) you will be able to buy / sell Maskcoins.

Looks like it almost Launch date.  How are things going? 

Ok, whats the status of this project. Have the bought coins be released? Is the developer still around? Its been a ghost town in here for weeks.

A few questions to ask:

a) Have you published your test data with the testers. How many testers did it? Have you rewarded them?
b) What is the progress of pre-sale?
c) What is the status of the real net release and further information?

All good questions that should get some kind or response.

Still waiting for a tester position, any news?

still you need testers

We are working on last details. The main net will be launched next month. On launch day, all investors will be able to use the public + private key to load their wallets.

In the first weeks, you will be able to trade MaskCoins on our exchange(maskexchange.com) and yobit.com

done ?

Is there an update?  Middle of July is soon.  I know you were about 95% finished months ago, so I would expect something soon?

September, 1 is the launch date. The basic code was finished months ago but testing took a lot of time.

Sorry to hear about that.  Thanks for the update, hope you can get things worked out.

Ok. We have moved the network to main net. Until the old node operators move their websites, you can access the network on www.maskbuzz.com

We have also made some very important changes in the last 2 months :

- The total supply was decreased from 100.000.000 coins to just 21.000.000 (the "premine" is the same).
- The new coins will be distributed to content creators not by interest. By content we mean blog posts, comments, decentralized applications, assets and so on.
- We have changed the mining algorithm from POW to delegated POW. That means only delegated miners can created new blocks. The miners are delegated by stake owners.

The same ideea as steem but the implementation is 100% different.

There are many, many details. Until de docs are updated, you can post your questions here.

Interesting. I'll join this network today, although maskbuzz.com is offline right now.

Please let me know when it'll be online again. Thanks

And you should really consider this: https://bitcointalk.org/index.php?topic=1596584.msg16034437#msg16034437

I was able to register and browse it for like 5 mins and my first impression was good, but to pay for updating my details is a bit harsh. :)

I can still register on the testnet. However, the main net doesn't work.

It is working (parts of it), but with MSK, which has no value. Testers must have some incentives, given the large premine (currently valued @ $340.000)...

The site http://www.maskbuzz.com/ is unavailable? Error 521 Web server is down

So you don't even have the free-for-all 1-month mining that Steem had?
Basically your distribution is premine-over-time, and you and your designated associates still end up with all the supply.

It works just fine :)

Is this similar to STEEM? Are regular miners allowed to mine? What is a delegated miner? How do they differ from normal miners?

When will people who bought coins be able to redeem them?

i'm trying with my keys on http://www.maskbuzz.com/ (http://www.maskbuzz.com/)
have you obtained the coins ?

No. Where do you use your keys? I dont see that on the site.

how to change the avatar on the web ?

Op you should change the Thread Title from testnet to Main net Launched..  It may bring more attention. 

Those who bought the ICO can import the public / private keys using maskbuzz.

PM in case you are having technical difficulties.

This is great. I love coins that dont use miners to generate coin. This looks good but its not quite paid to post its more like articles but that's good because if I'm not mistaken this is the first of its kind unless you want to add steemit.

I will probably up vote more than I post articles but it looks interesting to read.

I was trying to create an account and I keep on getting an 'Invalid entry data' error.

Is there another way to setup an account?

No1 USE  MASKNETWORK!!!


I just lost all my coins on there.  MY addressees just vanished.  After I had bought some coin.  How convenient! What a scam..  EVERYONE STAY AWAY FROM MASKNETWORK..  I thought it was legit but they took all my coins and will not help recover them!

This issue affected only maskbuzz users. From what i know, maskbuzz.com operator made some modifications to web wallet software and some private keys were lost. Over 80 addresses where affected. All those who had a copy of the private keys, recovered the funds.

Finding the private key of an address is a 2 click process. In a beta software, launched a week ago, making a copy of pvt keys is the first thing a user should do.

This was reported as a wallet side issue not a core protocol problem. The team is maintaining the core protocol while the web nodes operators do the front end job.

Until some respected web nodes are launched, those kind of events will become routine.

I think it's solved. Try again.

the site work good now  ;)

i confused with this platform. when i want to make a article-post, i must have masknetwork coin?

I lost 3000 msk.. Over 1000$.  and your response is people (that you targeting that have no idea about wallets, which is why you built the web node in the first place instead of a wallet.. ) should be clever enough to save there pvt keys and not trust the wallet.

I was so amped for this project but so bumbed I lost my investment in a second.

So again. Congrats to maskbuzz for managing to scam me out of my money so easily.

@PatioCrasher I feel bad for your loss.  Could you explain to other board member exactly what happened?  Did this occur after you imported your ICO keys into your account?   ???

I did not buy on ICO..

I bought on the maskbuzz platform.. 

I then used the platform for a few days and gained my rewards.  Yesterday I transfered my coins into two accounts I have just generated on the site and transfered ~1000 coins to one and ~1700 to another.   

The site went into maintanance mode shortly after and when it came but I was left with 230 coins left (in all my other accounts)

Only the two accounts with my largest coin holding where taken and I assume becasue I created the accounts as they where busy messing up the database. 

I got this response from the dev of masknetwork but I have no way of contacting the maskbuzz devs to get this sorted.

"  themasknetwork
Full Member
***
Offline

Activity: 220


MaskNetwork lead developer


View Profile  WWW  Personal Message (Offline)
Trust: 0: -0 / +0
Re: (No subject)
« Sent to: PatioCrasher on: Today at 02:13:40 PM »
« You have forwarded or responded to this message. »
Reply with quoteQuote  ReplyReply  Remove this messageDelete 
It's mask buzz operators fault. They played with the code while no backups in place. They agreed to recompensate those who lost coins. You are the biggest by far Smiley))
Always make a Pvt. Keys backup

Get in touch with them "

Thank you for the detailed explanation, hopefully if anyone else who had this same issue will come forward.  I know you are anxious to get your coins back.  I am an initial ICO investor so I put my "blind" trust in this developer.  The developer so far has responded to all my inquiries and seem like he/she will help you try to recover your coins.  Please have patience, because it sounds like they have to investigate things and see what happened.  Just my opinion.  I have lost a lot of crypto by trusting an online node with my password.  I understand what you are going through, but I have learned my lesson.  Thank you for sharing your story.

It is my pleasure.

Yes I have learnt my lesson now too..  But obviously I have never used a node before and trusted when I bought from mask exchange and used the platform for a week everythihng was fine.   I was one of the first users of maskbuzz so hopefully the make things right with me.

It is a lot of money for me to go missing so yeah I am anxious and still unsure I will be made whole.   I had full trust but it has been broken as maskbuzz have not responded to me yet and so in crypto I must consider those coins lost as they can easily just say its not thier fault and blame me for not saving all my private keys.  But I mean I had like 20 accounts with small amounts and just these two huge ones dissapeared with no explanation. There was no disclaimer for nooobs saying write you private key.

I am glad you understand my frustration. And as the time goes by I lose potential rewards and income going forward so it does totally suck ball for me at the moment.

But alas life goes on. I will check back here every known again to see if they can make it right , otherwise just another failed investment for me into the many dodgy crypto devs that will have stolen my coins in my eyes.  ( I mean they claim to have built the platform for the web node so if things go missing like this for me , then the average joe has no chance on the platform keeping money safe)  They should put a giant disclaimer or something like a red bar across the top saying "SAVE YOUR PRIVATE KEYS TO ALL ACCOUNTS" or something.  :/

Anyway.. lame for me. And lame for them as I had a PR plan for this coin as well already for syndication but now have literally zero incentive to spend my money on marketing this thing.

We don't run public web nodes. Get in touch with maskbuzz admins.

I have tried to get in touch with them multiple ways... I am not sure what else to try to get hold of them.   :-\

Im getting invalid Public key error when i try to redeem ico coins.  :-\

same problem here i have an invalid address with my ico coins,
dev what i need to do ? retracing the BTC i sent to you can help ?

Send me a PM with details.

When you signup, you will receive 0.1 MSK for free (depends on web node). Writing an article cost 0.0030 MSK

I love the masknetwork It is great we need more things like this it is sort of like the concept of steem but different since you have to pay for everything you do. Love the site it looks great. Hope more people climb aboard soon

Not easy to know whats going on. Where is the wallet download ? Want to mine.

Same here... I have sent pm but no answer...

Where does MaskNetwork store the content of blog posts? Is it stored locally to the maskbuzz website?
Is there a whitepaper that explains how the protocol is working?
What are the main differences in terms of design with Steem?

Ain't this same scam project like adzbuzz and maskbuzz of adzcoin?
I feel like they're just both created by same scammers who were alao involved on scam adnetworks years before they discover its easier to scam in the crypto world.

All network data is stored by each node locally just like any other decentralized network. MAskbuzz is not masknetwork. MaskBuzz is a web node just like maskwallet.com...it has no special privileges. The witepaper will be released somewhere in November after all features will be online. The key differences are :

- Steem is using 3 currencies, all of them with no limit cap. Steem the currency has a 100% inflation / year. Masknetwork is using one single currency, called maskcoin, which is a limited supply currency. The users are rewarded in maskcoins. Out of 21.000.000 total supply, 1.000.000 were reserved for future project developmnet. The rest of 20 mil are distributed slowly to content creators (5% of undistributed coins / year). Right now around 2700 MSK are distributed / day.

- Steem it's about blogging. It rewards bloggers, commenters and curators. Masknetwork rewards content creators like bloggers, commenters, curators, app programmers. The network is a also a smart contract platform. It comes with a decentralized app store, app directory, integrated editor / debugger and applications can be upvoted / downvoted like any other content.

- Other important features not implemented by steem : p2p secure messaging, address names, address names market.... and many other small details.

It's basically a combination between ethereum and steem.

Why is there being no marketing done? It seems for such a platform to succeed you need to develop critical mass of users. Who is even writing enough content to get 2700 coins a day? Where is this content?

It feels like you pop on here every couple of weeks, answer a couple of questions then disappear. Will there ever be consistent communication?

A lot of people asked what happened to trading section and what are our plans for the next month, so i will make a short roadmap.

As you know, over testnet masknetwork was a social trading network and a lot of you had fun trading or playing with p2p binary options. Because of involved complexity we decided to lauch masknetwork with no trading module. In the last 2 weeks we had performed only basic stability tests and solved a ton of bugs.

Because the exchange volume is growing and more nodes are joining every week, we decided to move with development faster and implement the missing sections. This is what we are going to do in the next month :

Week 19-25 september :   
-----------------------------------
- Data feeds will be reactivated
- Binary options will be reactivated
- Speculative markets will also be reactivated.
- Network level affiliate program (the network will rewards referrers just like it rewards voters)
- You will be able to comment any content type from data feeds to binary options.

The feeds providers are waiting our ok to return so next week you will be able to trade again over 40 forex pairs, commodities and a LOT of cryptocoins with no central server and no regulation in place. Data feeds, binary options and speculative markets / trades are considered content and you will be able to upvote / downvote them just like blog posts and comments.


Week 25-2 september :   
We will list maskcoin to yobit.net

October
We will list maskcoin to bittrex and possibly poloniex.

November
The official marketing campaign will start but i'm sure the user base will be much larger until then.

Stay tuned.

Oh man..  I wish I still had my coins.  I was getting such nice daily rewards from being one of the first day users but now I am left in the dust while the platform succeeds.  .  I was one of the first users and ended up getting boned the hardest.  :-\   :'(

I have sent few pm but no answer...

I just see this Post about MaskNetwork today. checked there sites and everything. Seems promising.

But as I read past few post many are advising not to join. I just have joined this amazing concept today lets see what happen to next.

I am not investing any thing just will give some time everyday while I will be on internet. Nothing else.


Also will update my experience too.

I just signed up at maskbuzz.com. I have a few questions:

1. Is it true I first have to spent 0.01 BTC before I can do anything on the network? I have 0 MSK after signing up so I can't post a comment, new article or upvote. There is no sign-up bonus? I think most users want to try a network before they spend anything.

2. I can't update my profile. When I hit the 'Update' button nothing happens.

3. Is hiddenwallet.org the same as maskbuzz.com? The website seems the same.

4. When I try to upvote i got this message: 'Invalid network fee address'. This is my address 'ME4wEAYHKoZIzj0CAQYFK4EEACEDOgAEkTCUTVipuh3QUGbVm4gD9SxKvh9kZ/6/81r0MIIfhUYE96SzAH02JnSbZlJ5J+leMu5oJt+mHxk='. Is this because I have 0 MSK? In that case the error message should be something like 'No MSK available'.

1. It looks like the faucet wallet did not send any coins to new signups yesterday. You should receive 0.1 on signup and have enough to post a comment or new article. .

2. You cannot update the profile from the blog section, you have to go the address and click the cog and then do it.  I know . weird bug as the one page is not correct.

3. Yes it is similar.  there are many node operators and these are two ones that run the exact same node code / design.  you would think the node operator would design something better than just having them look stock standard.  As far as I know only maskbuzz gives away the 0.1 msk on signup. (Though last night it seams this faucet mechanism was not working - neither was the exchange. 

4. You need at least 1 msk to upvote so you either have to buy some or earn some through commenting and blogging (though the peeps with more than 1 coin are now only really voting for themselves to gain max rewards. You could get mega lucky and get a few smaller upvotes tho and earn a dollar or two per post .. again, only if you lucky.


* Save your private keys as I had 3000 MSK but my address just vanished one day from the account I was using on maskbuzz.   ::)

** Do not expect to much support or answers from the devs as they too busy to really help or care about those of us that lost coins from initial bugs.

3.   

I have mentioned before. We do not run web nodes !!! Web nodes are run by people that are not part of masknetwork dev team. We will upload a paper wallet on github this week for thos who want to store big amounts of coins in a secure way.

There was no initial bug. It was a wallet operator mistake. Next week 2-3 more web wallets will join the network. There is no way we can control what they do !!!

You don't blame and you don't contact Gavin Andresen when coinbase or blockchain.info are down or don't work. You try to get in touch with the local support teams.

If you read above I did not blame you but blamed maskbuzz.  When I spoke about devs I meant maskbuzz devs..

Anyway maskbuzz was the only node and only way to use the network at that time so you cant completely ignore bugs they had as the whole web node thing is one of your networks selling points. .  You cannot completely ignore maskbuzz as they where a main part of the masknetwork at the time.

So owning up to atleast some responsibility would be just.  You could also have just refunded me to keep me engaged with the project and so that I would have spread the word and found investors, PR etc... But instead you just claim the masknetwork and the web nodes are completely unrelated.  This was not the case at the time maskbuzz launched. 

But ye.. Whatev.. IF you want to have such bad customer relations with your beta testers its fine.   You welcome.

I agree. The dev actually made a post recommending Maskbuzz. He should own up to that. The project is alpha enough to refund those losses.

Yep.. His solutions to me losing so much seams to be --  Oh but we will have cold storage and many more nodes in a weeks time..

My losses where like 10 days ago..  There where no other node operators.  I supported maskbuzz from day one and was one of the first users to post decent content and recommend  the platform to my mates.  Since then obviously all of them withdrew and are out due to the bad customor support and they way they "handled" my MASSIVE loss.

To brush it off is ridiculous and just goes to show the way the project is run.  

And to allow me (ONE OF THE FIRST USERS) just goes to show how they might handle things going forward.  Keep in mind at the moment with the dPoS they are in control of the chain and could of also simply forked when maskbuzz lost all the coins and rolled back by a few hours. (since at the time maskbuzz was also in maintanance mode, and being the only node at the time, meant no packets where in any blocks so a few hour rollback would not have effected anyone negatively and only refunded me and the few others that lost coins.

Anyway, seams the dev is adamant it is not his problem that I lost 3000 MASK and so I only have myself to blame. I thought I could be an early investor but goes to show just how bad this scene really is and how easy it is for devs to laugh off losses of their supporters and customers.

Also if Satoshi had come out with Bitcoin but before he put out any info on creating a node or wallet or anything but instead said "Hey guys here is Bitcoin, the only way to use it right now is through MtGox..  "    Then yeah I would be asking Satoshi what happened to my coins when they got goxed.

I think you come from steemit and you are used with one big central website.

What you see are web wallets. Anybody can download the software and join the network. In the future, some users will customize the interface but right now, they prefer the default one. This is why you see the same splash page everywhere.

Masknetwork is an OPEN network. It's hard for users coming from fb, steem or any other social platform to understand why / how web nodes operate but web nodes are important because they make the network impossible to censor. If maskwallet.com owner don't like your posts, and censor them, you can switch to maskbuzz or hiddenwallet or even your own wallet.

 Maskwallet.com was down yesterday due some tech issues but almost nobody was affected. Users imported their addresses to another web node and continued to blog. If twitter.com goes down, it's over. If steemit.com goes down it's over.

Many of the usability issues you have mentioned were reported and will be solved in the next releases.

PS : you can't post because you have no address. Create an address and send a message to your wallet operators for a small MSK "donation" to start experimenting with masknetwork or post your address here and i will send you some coins.

Game over?

Last week masknetwork blockchain become increasingly unstable (web nodes constantly crashed every 2-3 hours due to a memory leak in java node code). Also in the last 48 hours the network unexpectedly forked two times.

We reached the conclusion that masknetwork blockchain is not fully functional and it's not safe for regular users. Due to software instability, using masknetwork right now is a risk for exchanges, regular users and node operators. As a result we have switched the network to testnet (all node operators agreed).

The real net will be realaunched on January, 5, 2017 after we perform extensive stress tests. It's not "game over", it's just a delay. Those who invested back  in 2015 know that we keep our promises.

All addresses balances, address names and other important data are well preserved and the real network will include them at launch. Nobody will loose anything.

In case you have pending maskexchange transactions please get in touch with customer support.

The only good news is that all web node operators reported a huge increase of signups / users retention since launch (3 weeks ago) and the feedback they have received from users was amazing. Unfortunately masknetwork is not stable enough and we need more tests. 

Sorry for any inconvenience caused

so lets see how its works out. would not like to see game over.

Mask network is a scam just like your other website "casinotycoon" and "cryptotalk.net"

btw, there was issue where my login and pass wouldn't work on maskbuzz but worked on maskwallet for login. now that maskwallet is down, no way to log in.

Awaiting release today.

January 6 is here and it has still not restarted. Hope it is just a small delay and will start soon. Waiting for the restart.

Yes still waiting.  Any update would be nice.

The web wallet posted by dev directs to a forbidden page www.maskwallet.com. Why is that?

I lost money trying to buy Mask and now website is down. Probably a scam.  Anyone know who the dev is IRL?

As we have promised we came back with a revised and functional version of MaskNetwork.

After 6 more months of developing / testing we have are happy to announce that MaskNetwork is stable and ready to be launched in 5-6 weeks. We have also launched the official ICO. Check www.masknetwork.com fro more info.

Those who participated in the pre-sale pls. send me a message. The network addresses format has changed and we have to send you new public / private key pairs. We will also launch a 10.000 MSK bounty campaign.

What we have done in the last 6 months :

- Rewrite almost 20% of core code
- Added the missing features like data feed, binary options, margin markets. Right now 100% of features are implemented and ready to be tested.
- Tested the consensus / wallet stability
- Fixed a lot of issues  / bugs reported by testers

Those who bought MaskCoins using maskexchange, pls send me a PM.

Do you have facebook bounty?

I sent you a PM. No response.

Exciting project. Interested in translation into two languages, want to be actively involved!

PM Sent.

I'm trying to wrap my non-techie head around this project. Seems like there is so much going on in it.

So if I issue a binary option, do I put up X amount of funds and the buyer puts up X amount of funds and the network delivers the funds to the winner based on the data from the feed?

Step 1 : you create a binary option and setup all details

Step 2 : The collateral is frozen by network. The funds are taken from your address.

Step 3 : Another user buys a percent / all your option. His funds are also frozen by network.

Right after you create the option, the network checks the associated data feed after each block.

Possible outcomes :

If the winning conditions are met the network will pay the buyers using a part / all your collateral. You will receive back the unused collateral.

If the option expire and the conditions are not met, you will receive the collateral + all investments.

Rewards
When a user buys your option he will automatically up vote both your option and associated data feed. Based on those votes you get rewarded every 24 hours. Popular option = big rewards even if you loose it. Sometimes, you could even make more money if you loose the option than if you win it, because of rewards.

Risks
Because the whole process is managed by network, the only risk is the data feed. This could be mitigated by using multiple data feeds for the same option, but data feeds are heavily rewarded to provide accurate data. In 5-6 months, well established data feeds providers will emerge.

I didn't know that this project was thought in 2015 or the name is the same and different ideas? Why did you give up, Dev? On the first page are SCAM charges, was that the reason? Or was it on the roadmap from the beginning?

I joined the ico, after payment it says; "you will receive an email after 6 hours with privkey+pubkey". This is 18 hours ago and no mail  ?

In the next 24 hours we will send all public / private keys pairs to ICO investors.

While all cryptocoins are in red, there is only one place where you can short them at x100 leverage and make a profit. MaskNetwork test net
http://coincenter.info/pages/assets/margin_mkts/index.php

It's only a test net until July, 1. But in the future when everything falls, you know where to go and place your shorts....:)

Here are a couple tips to developers who are trying to make a success of their projects:

1. do what you say you will do

2. under-promise and over-deliver

Especially when there are prior allegations of scam.

really scam ?

I am one of the first ICO investors of MSK.  December 2015.  I still have my private and public key from the 1st ICO promising more than the 40 Coins issued that it says on your timeline.  4.1833 Bitcoins was my investment Dec. 2015.  I have sent a PM to you with my public key.  Please reply my PM.
It seems last time this MSK launched some of the nodes were stealing peoples coins?  How can this be prevented this time?  Thank you for answering my questions.

PM send. All those who participated in the pre-sale, will receive their coins in July after the real net starts.

The real net  started one time before is this the real, real start?

Looks like this has been released multiple times, each time with major delays and less functionality than users were expecting. After three years the features are 'ready to be tested' so don't hold your breath.


As far as I can tell the nodes can still steal users private keys? unless the user implements additional security procedures which means it's unlikely to be adopted by the average joe imo.


Having said that, pretty low valuation, so good upside, if it turns out to be good.

I lost a ton of money on this one last time both on the nodes and trying to buy and sell on mask exchange. :/

I invested quite a bit into this one last time they launched and even tried to sell all on the last days of the maskexchange.  I did not get my BTC back and support did not reply.

Can this coin be mined/staked?  Are there maternodes?

Is this a scam? Any progress in development and does dev post updates?

No update. no reply.

Last time I said it was a scam op deleted my posts. most likely will happen to this post too.

ICO is over.

Anyone know how much was collected?

The dev is not answering and not even updating the site. I think this is a scam :( Sadly...

Have a feeling that it is taking more time to work out the kinks in Testnet than thought.

Looks like almost time.  When will it be safe to get my coins from the 1st ICO years ago?

Less than 24 hr again...anything?

Launch 31 October ?

Launch in 5 hours ?!?

What is happening with this ?

this is the end...

Sad to see the projects going down or dev disappearing, i think this is very unfortunate for the investors. How much was raised during the ico?

project dead and SEC putting a boulder on any ICO ever made