Bitcoin Forum

The Mastercoin protocol is an additional layer on top of the Bitcoin protocol. Multi signature Bitcoin transactions are used to encode data and to enable a whole set of new possibilities without bloating the blockchain with unspendable outputs.

Mastercoins facilitate the creation and trading of smart properties and user currencies, as well as other types of smart contracts. They serve as the exchange point between Bitcoin, smart properties and smart contracts created on top of the Mastercoin protocol.

If you never heard about Mastercoin before, please visit mastercoin.org (http://mastercoin.org/), the Mastercoin thread (https://bitcointalk.org/index.php?topic=265488.0) on bitcointalk.org or /r/Mastercoin (http://www.reddit.com/r/mastercoin/). A detailed Mastercoin specification is available here (https://github.com/mastercoin-MSC/spec).


The Mastercoin faucet

The Mastercoin faucet (http://mastercoin-faucet.com/?dex-test-bonus) rewards users with free Mastercoin and Test Mastercoin. Four authentication methods are available to claim a reward: Reddit (http://mastercoin-faucet.com/reddit-intro?dex-test-bonus), GitHub (http://mastercoin-faucet.com/github-intro?dex-test-bonus), bitcointalk.org (http://mastercoin-faucet.com/bitcointalk-intro?dex-test-bonus) and Twitter (http://mastercoin-faucet.com/twitter-intro?dex-test-bonus).


Distributed exchange testing special

In the light of the broader testing of the distributed exchange (http://blog.mastercoin.org/2014/01/17/master-protocol-developer-update-3/), the first 100 Test Mastercoin rewards are doubled and users can receive up to 0.0025 MSC and 0.1 TMSC.


Authentication via bitcointalk.org:

To claim a reward via bitcointalk.org visit mastercoin-faucet.com/bitcointalk-intro (http://mastercoin-faucet.com/bitcointalk-intro?dex-test-bonus):

http://mastercoin-faucet.com/img/tmsc_via_bitcointalk.png (http://mastercoin-faucet.com/bitcointalk-intro?dex-test-bonus)


Copy the verification token and go to your bitcointalk.org profile (https://bitcointalk.org/index.php?action=profile). Click on "Forum Profile Information" in the left navigation:

http://mastercoin-faucet.com/img/tmsc_via_bitcointalk_2.png (http://mastercoin-faucet.com/img/tmsc_via_bitcointalk_2.png)


Paste the verification token in one of the fields: Personal Text, Location, Signature, Website title, Skype, Bitcoin address or other contact info. Confirm:

http://mastercoin-faucet.com/img/tmsc_via_bitcointalk_3.png (http://mastercoin-faucet.com/img/tmsc_via_bitcointalk_3.png)


Copy any URL to your bitcointalk.org profile and paste it into the box on the Mastercoin faucet website (http://mastercoin-faucet.com/bitcointalk-intro):

http://mastercoin-faucet.com/img/tmsc_via_bitcointalk_5.png (http://mastercoin-faucet.com/img/tmsc_via_bitcointalk_5.png)


Insert a Bitcoin address you fully control (no shared one) to finish the process and receive the reward.

http://mastercoin-faucet.com/img/tmsc_via_bitcointalk_6.png (http://mastercoin-faucet.com/img/tmsc_via_bitcointalk_6.png)



Additional resources and more information about sending Mastercoin

The tutorial Sending and Receiving MasterCoins for Dummies (http://www.reddit.com/r/mastercoin/comments/1sclso/sending_and_receiving_mastercoins_for_dummies/) or the Mastercoin Wiki (http://wiki.mastercoin.org/index.php?title=FAQ#How_do_I_send_Mastercoins.3F) is probably a good follow up to learn more about sending Mastercoin.

More general talk, discussion and information about Mastercoin is available in the Mastercoin thread on bitcointalk.org (https://bitcointalk.org/index.php?topic=265488.0) or the subreddit /r/Mastercoin (http://www.reddit.com/r/mastercoin/).

The Mastercoin Blog (http://blog.mastercoin.org/) is definitely also worth a read and there is Google+ (https://plus.google.com/communities/117331355001800275452), Twitter (https://twitter.com/mscprotocol), LinkedIn (http://www.linkedin.com/groups/Mastercoin-6548214) and a group on Facebook (https://www.facebook.com/groups/mastercoin/).

great job putting all this together and continuing to develop it!

Looks interesting, i'll take a look.

Thanks, very appreciated.


Unfortunally your bitcointalk.org account is too new. You need an activity score above 10 as well as at least 10 posts and furthermore your account needs to be older than August 1, 2013.. :-\

Maybe you are able to redeem some MSC via the other available methods: Reddit (http://mastercoin-faucet.com/reddit-intro?dex-test-bonus), GitHub (http://mastercoin-faucet.com/github-intro?dex-test-bonus) or Twitter (http://mastercoin-faucet.com/twitter-intro?dex-test-bonus). ;)