Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: /dev/null on April 25, 2014, 06:37:31 PM



Title: Mastercoin/Safecoin 0.000055 Transactions
Post by: /dev/null on April 25, 2014, 06:37:31 PM
Anyone care to explain me about these transaction and how their system works?

Lets say If i bought some safecoins and got them as 0.000055 tx on a address where I have around 5 btc.
Can i send my bitcoin transactions normally? If yes what will happen if that 0.000055 tx will be included as input in my bitcoin transaction.

in short: what will happen to my safecoins If I will send that 0.000055 transaction along with my other bitcoins.


Title: Re: Mastercoin/Safecoin 0.000055 Transactions
Post by: traderman on April 25, 2014, 08:18:26 PM
I just got the same transaction, what is that?

Anyone care to explain me about these transaction and how their system works?

Lets say If i bought some safecoins and got them as 0.000055 tx on a address where I have around 5 btc.
Can i send my bitcoin transactions normally? If yes what will happen if that 0.000055 tx will be included as input in my bitcoin transaction.

in short: what will happen to my safecoins If I will send that 0.000055 transaction along with my other bitcoins.


Title: Re: Mastercoin/Safecoin 0.000055 Transactions
Post by: Fraser999 on April 26, 2014, 02:45:09 PM
The 0.000055 BTC transaction contains info about your MaidSafeCoin transaction (also called SPT or Smart Property Token).  I believe it exists just to get that info stamped onto bitcoin's blockchain.

It's safe to carry on spending your bitcoin as normal.  Here's a quote from one of the mastercoin guys (MSC is mastercoin, not MaidSafeCoin by the way):

Quote
Your MSC and SPT balances stay with an address, and not with any particular BTC that also live on the address. You can safely move the two independently.