|
where is the discussion about how the current spec actually works? and the source code
|
|
|
|
|
gotta admit, Cognitive is now worth more since Activemining is not delivering and has nothing.
Just leaves Cointerra and KncMiner for the next quarter
|
|
|
|
great, since this is in line with my current understand and to avoid walking in even bigger circles, so lets continue with my original example
I want to buy 100 shares of ASICMiner at 5 btc/each , this is 500 btc in this example
I want to participate in a decentralized stock market where this company is denominated in bitcoin, listed in its bitcoin price, and trading in bitcoin
How many mastercoins will I need to participate in that 3rd layer application and facilitate the transaction?
How many mastercoin will the seller need to participate in that 3rd layer application and facilitate the transaction?
How many mastercoin will the issuer ASICMiner or ASICMiner-decentralized-Pass-Through need to have listed the security?
did I miss anyone that may need a balance of mastercoin? a market participant? a transaction fee? anything?
someone should be able to produce a finite number or equation for how much mastercoin that I or any of those market participants, or anyone ever, will need
You would need a Bitcoin pegged Mastercoin based virtual currency for that, which you could buy using Mastercoins. Let's call this pegged currency MasterBitCoins (pegged 1:1 to Bitcoin). You'd be required to buy these MasterBitCoins, pegged to the value of Bitcoin, in order to trade AsicMiner stock. This would mean in other words: convert fiat/crypto to MSC and then convert MSC to the desired amount of MasterBitCoins. How many Mastercoins you would need depends on the value of Mastercoin at that given moment. In a year from now 1 MSC might buy 2 Bitcoins, who knows. Should MSC trade at 2BTC per 1MSC, you would need 250 MSC to buy 500 MasterBitCoins in order to buy 100 AsicMiner shares. Not really sure about the other questions. Still trying to get more info myself. Risk factor: A less convoluted protocol will come into existence obliterating the demand for Mastercoin an alternate technology enables issuing securities, contracts, etc on decentralized exchanges without the need for any additional currencies. Having additional currencies is not a drawback. Might be in the case of pegged BTC currency, as you need some extra conversions and you may find it easier to trade on an existing Bitcoin stock exchange. However, this isn't the case if we're talking gold backed currency or USD pegged currency to buy Twitter shares. It is a drawback, it introduces additional layers of LIQUIDITY that simply won't be there You need base currency liquidity (just assume bitcoin), you need mastercoin liquidity, then you'll need your Masterbitcoin liquidity, then you need liquidity in the ASICMiner stock god forbid you were trying to trade options on that stock! |
|
|
|
stslimited's questions might have just killed mastercoin. i can't believe nobody asked them before  I've been trying to get the answers to these questions for weeks, after trying to understand Mastercoin for over a month I've had an order in the Mastercoin Buyer/Seller spreadsheet since November |
|
|
|
great, since this is in line with my current understand and to avoid walking in even bigger circles, so lets continue with my original example
I want to buy 100 shares of ASICMiner at 5 btc/each , this is 500 btc in this example
I want to participate in a decentralized stock market where this company is denominated in bitcoin, listed in its bitcoin price, and trading in bitcoin
How many mastercoins will I need to participate in that 3rd layer application and facilitate the transaction?
How many mastercoin will the seller need to participate in that 3rd layer application and facilitate the transaction?
How many mastercoin will the issuer ASICMiner or ASICMiner-decentralized-Pass-Through need to have listed the security?
did I miss anyone that may need a balance of mastercoin? a market participant? a transaction fee? anything?
someone should be able to produce a finite number or equation for how much mastercoin that I or any of those market participants, or anyone ever, will need
You would need a Bitcoin pegged Mastercoin based virtual currency for that, which you could buy using Mastercoins. Let's call this pegged currency MasterBitCoins (pegged 1:1 to Bitcoin). You'd be required to buy these MasterBitCoins, pegged to the value of Bitcoin, in order to trade AsicMiner stock. This would mean in other words: convert fiat/crypto to MSC and then convert MSC to the desired amount of MasterBitCoins. How many Mastercoins you would need depends on the value of Mastercoin at that given moment. In a year from now 1 MSC might buy 2 Bitcoins, who knows. Should MSC trade at 2BTC per 1MSC, you would need 250 MSC to buy 500 MasterBitCoins in order to buy 100 AsicMiner shares. Not really sure about the other questions. Still trying to get more info myself. Risk factor: A less convoluted protocol will come into existence obliterating the demand for Mastercoin an alternate technology enables issuing securities, contracts, etc on decentralized exchanges without the need for any additional currencies. |
|
|
|
|
so aside from the fact that nobody knows how many mastercoin will be necessary to do anything, my current conclusions
1) there is no functional difference between 1 MSC, .1 MSC, .01 MSC .... 1-ex MSC
2) If there is a functional difference between 1 MSC, .1 MSC, .01 MSC .... 1-ex MSC that makes 1 MSC more valuable, then it is solely to prop up existing investment (developers get paid in MSC stipend)
3)
If 2) becomes a reality, then alternative application layers which do not require additional token of limited supply (colored coin) will have more demand than Mastercoin protocol due to prohibitive cost of Mastercoin....
If 1) remains a reality, then Mastercoin will collapse in price after it becomes more apparent its infrastructure will not attract demand to support its current valuation
yeah, that about sums it up, given the current information
|
|
|
|
Say I want to place an order for 100 AsicMiner shares at 5btc each, how many Mastercoin will I need? This hypothetical scenario will require 500 bitcoin and fill multiple asks on the mastercoin exchange The purpose is that I need a frame of reference for how many Mastercoin I would actually need if I planned to participate in the capital markets I posted a thread about this here https://bitcointalk.org/index.php?topic=400781.0You would need zero Mastercoins to do that. Only the issuer of the asset might need Mastercoins. interesting, so how many Mastercoin would the issuer need to issue a new security with X number of shares at Y price? is there a formula? any predictable measure? Guess remains to be seen after the smart property features are implemented. Don't think anyone knows such specifics at this point, but I may be wrong. The white paper indicates that to create a security as a 'smart property' no MSC are required. I assume the 'smart property' would then be traded on the distributed exchange for MSC. But you do require some MSC to create some things. I know there are some that don't require MSC to create but depends on which one. Lots of things can be created on top of it as third layer, even a decentralized social network. Back to previous point; say you want to buy some Google shares that trade in USD and you need to own USD pegged currency for that. You could probably convert MSC to MastercoinUSD (usd pegged currency) in order to buy Google stock but should cost you zero mastercoins to participate after that. please elaborate, lets focus on one single thing that would require people to hold a balance of mastercoin. Any arbitrary balance of MSC. What would require that person to spend those MSC and what would require that person to get more MSC from the open market? Guess you can think of the actual MSC coins as the entry ticket to the 3rd layer of applications. You need MSC to enter that 3rd layer, Master Protocol being 2nd layer on top of Bitcoin (1st layer). You will need to convert currency into MSC to be able to participate in the 3rd layer applications like stocks or commodities. great, since this is in line with my current understand and to avoid walking in even bigger circles, so lets continue with my original example I want to buy 100 shares of ASICMiner at 5 btc/each , this is 500 btc in this example I want to participate in a decentralized stock market where this company is denominated in bitcoin, listed in its bitcoin price, and trading in bitcoin How many mastercoins will I need to participate in that 3rd layer application and facilitate the transaction? How many mastercoin will the seller need to participate in that 3rd layer application and facilitate the transaction? How many mastercoin will the issuer ASICMiner or ASICMiner-decentralized-Pass-Through need to have listed the security? did I miss anyone that may need a balance of mastercoin? a market participant? a transaction fee? anything? someone should be able to produce a finite number or equation for how much mastercoin that I or any of those market participants, or anyone ever, will need I hate to see you waste your energy having this discussion with Herp. He is a moron and a troll. You really are wasting your time with him. He doesn't understand a single technical aspect of Mastercoin and is just blowing hot air. Crappy ad hominem attack because I've pointed out to the likely price manipulation you attempted in the other thread. Sour grapes ay? You've added nothing to the conversation except throwing insults around. You are the moron, sorry to say. just ignore it, the same stuff is going on in every single thread on this website |
|
|
|
Say I want to place an order for 100 AsicMiner shares at 5btc each, how many Mastercoin will I need? This hypothetical scenario will require 500 bitcoin and fill multiple asks on the mastercoin exchange The purpose is that I need a frame of reference for how many Mastercoin I would actually need if I planned to participate in the capital markets I posted a thread about this here https://bitcointalk.org/index.php?topic=400781.0You would need zero Mastercoins to do that. Only the issuer of the asset might need Mastercoins. interesting, so how many Mastercoin would the issuer need to issue a new security with X number of shares at Y price? is there a formula? any predictable measure? Guess remains to be seen after the smart property features are implemented. Don't think anyone knows such specifics at this point, but I may be wrong. The white paper indicates that to create a security as a 'smart property' no MSC are required. I assume the 'smart property' would then be traded on the distributed exchange for MSC. But you do require some MSC to create some things. I know there are some that don't require MSC to create but depends on which one. Lots of things can be created on top of it as third layer, even a decentralized social network. Back to previous point; say you want to buy some Google shares that trade in USD and you need to own USD pegged currency for that. You could probably convert MSC to MastercoinUSD (usd pegged currency) in order to buy Google stock but should cost you zero mastercoins to participate after that. please elaborate, lets focus on one single thing that would require people to hold a balance of mastercoin. Any arbitrary balance of MSC. What would require that person to spend those MSC and what would require that person to get more MSC from the open market? Guess you can think of the actual MSC coins as the entry ticket to the 3rd layer of applications. You need MSC to enter that 3rd layer, Master Protocol being 2nd layer on top of Bitcoin (1st layer). You will need to convert currency into MSC to be able to participate in the 3rd layer applications like stocks or commodities. great, since this is in line with my current understand and to avoid walking in even bigger circles, so lets continue with my original example I want to buy 100 shares of ASICMiner at 5 btc/each , this is 500 btc in this example I want to participate in a decentralized stock market where this company is denominated in bitcoin, listed in its bitcoin price, and trading in bitcoin How many mastercoins will I need to participate in that 3rd layer application and facilitate the transaction? How many mastercoin will the seller need to participate in that 3rd layer application and facilitate the transaction? How many mastercoin will the issuer ASICMiner or ASICMiner-decentralized-Pass-Through need to have listed the security? did I miss anyone that may need a balance of mastercoin? a market participant? a transaction fee? anything? someone should be able to produce a finite number or equation for how much mastercoin that I or any of those market participants, or anyone ever, will need I hate to see you waste your energy having this discussion with Herp. He is a moron and a troll. You really are wasting your time with him. He doesn't understand a single technical aspect of Mastercoin and is just blowing hot air. well, my frustration stems from the fact that this doesn't seem to be a thing that anyone can answer. I assume SOMEONE can, but nobody on the mastercoin subreddit or in the general bitcointalk forum can. it seems as if the currency aspect of the technology is limiting the flow of objective information, with the speculative nature of the currency unit hampering technical discussion but, as someone that has considered buying mastercoin, I want to be able to do my own objective analysis of mastercoin's future demand, and so far this requires me to understand how many mastercoin people will actually need to do anything |
|
|
|
Say I want to place an order for 100 AsicMiner shares at 5btc each, how many Mastercoin will I need? This hypothetical scenario will require 500 bitcoin and fill multiple asks on the mastercoin exchange The purpose is that I need a frame of reference for how many Mastercoin I would actually need if I planned to participate in the capital markets I posted a thread about this here https://bitcointalk.org/index.php?topic=400781.0You would need zero Mastercoins to do that. Only the issuer of the asset might need Mastercoins. interesting, so how many Mastercoin would the issuer need to issue a new security with X number of shares at Y price? is there a formula? any predictable measure? Guess remains to be seen after the smart property features are implemented. Don't think anyone knows such specifics at this point, but I may be wrong. The white paper indicates that to create a security as a 'smart property' no MSC are required. I assume the 'smart property' would then be traded on the distributed exchange for MSC. But you do require some MSC to create some things. I know there are some that don't require MSC to create but depends on which one. Lots of things can be created on top of it as third layer, even a decentralized social network. Back to previous point; say you want to buy some Google shares that trade in USD and you need to own USD pegged currency for that. You could probably convert MSC to MastercoinUSD (usd pegged currency) in order to buy Google stock but should cost you zero mastercoins to participate after that. please elaborate, lets focus on one single thing that would require people to hold a balance of mastercoin. Any arbitrary balance of MSC. What would require that person to spend those MSC and what would require that person to get more MSC from the open market? Guess you can think of the actual MSC coins as the entry ticket to the 3rd layer of applications. You need MSC to enter that 3rd layer, Master Protocol being 2nd layer on top of Bitcoin (1st layer). You will need to convert currency into MSC to be able to participate in the 3rd layer applications like stocks or commodities. great, since this is in line with my current understand and to avoid walking in even bigger circles, so lets continue with my original example I want to buy 100 shares of ASICMiner at 5 btc/each , this is 500 btc in this example I want to participate in a decentralized stock market where this company is denominated in bitcoin, listed in its bitcoin price, and trading in bitcoin How many mastercoins will I need to participate in that 3rd layer application and facilitate the transaction? How many mastercoin will the seller need to participate in that 3rd layer application and facilitate the transaction? How many mastercoin will the issuer ASICMiner or ASICMiner-decentralized-Pass-Through need to have listed the security? did I miss anyone that may need a balance of mastercoin? a market participant? a transaction fee? anything? someone should be able to produce a finite number or equation for how much mastercoin that I or any of those market participants, or anyone ever, will need |
|
|
|
Say I want to place an order for 100 AsicMiner shares at 5btc each, how many Mastercoin will I need? This hypothetical scenario will require 500 bitcoin and fill multiple asks on the mastercoin exchange The purpose is that I need a frame of reference for how many Mastercoin I would actually need if I planned to participate in the capital markets I posted a thread about this here https://bitcointalk.org/index.php?topic=400781.0You would need zero Mastercoins to do that. Only the issuer of the asset might need Mastercoins. interesting, so how many Mastercoin would the issuer need to issue a new security with X number of shares at Y price? is there a formula? any predictable measure? Guess remains to be seen after the smart property features are implemented. Don't think anyone knows such specifics at this point, but I may be wrong. The white paper indicates that to create a security as a 'smart property' no MSC are required. I assume the 'smart property' would then be traded on the distributed exchange for MSC. But you do require some MSC to create some things. I know there are some that don't require MSC to create but depends on which one. Lots of things can be created on top of it as third layer, even a decentralized social network. Back to previous point; say you want to buy some Google shares that trade in USD and you need to own USD pegged currency for that. You could probably convert MSC to MastercoinUSD (usd pegged currency) in order to buy Google stock but should cost you zero mastercoins to participate after that. please elaborate, lets focus on one single thing that would require people to hold a balance of mastercoin. Any arbitrary balance of MSC. What would require that person to spend those MSC and what would require that person to get more MSC from the open market? |
|
|
|
Say I want to place an order for 100 AsicMiner shares at 5btc each, how many Mastercoin will I need? This hypothetical scenario will require 500 bitcoin and fill multiple asks on the mastercoin exchange The purpose is that I need a frame of reference for how many Mastercoin I would actually need if I planned to participate in the capital markets I posted a thread about this here https://bitcointalk.org/index.php?topic=400781.0You would need zero Mastercoins to do that. Only the issuer of the asset might need Mastercoins. interesting, so how many Mastercoin would the issuer need to issue a new security with X number of shares at Y price? is there a formula? any predictable measure? Guess remains to be seen after the smart property features are implemented. Don't think anyone knows such specifics at this point, but I may be wrong. so if it turns out people only need .0001 MSC to sign securities or something then the demand for MSC falls through the floor There will be plenty of demand for MSC. The devs believe it's very undervalued at this point and for good reason, I think. We don't know yet how many MSCs will be required but expect to see some decent MSC demand. MSC is infinitely divisible like bitcoin is. There can be decent demand for small amounts Who here can articulate anything regarding MSC? Who should I message in private chat? |
|
|
|
Say I want to place an order for 100 AsicMiner shares at 5btc each, how many Mastercoin will I need? This hypothetical scenario will require 500 bitcoin and fill multiple asks on the mastercoin exchange The purpose is that I need a frame of reference for how many Mastercoin I would actually need if I planned to participate in the capital markets I posted a thread about this here https://bitcointalk.org/index.php?topic=400781.0You would need zero Mastercoins to do that. Only the issuer of the asset might need Mastercoins. interesting, so how many Mastercoin would the issuer need to issue a new security with X number of shares at Y price? is there a formula? any predictable measure? Guess remains to be seen after the smart property features are implemented. Don't think anyone knows such specifics at this point, but I may be wrong. so if it turns out people only need .0001 MSC to sign securities or something then the demand for MSC falls through the floor |
|
|
|
Say I want to place an order for 100 AsicMiner shares at 5btc each, how many Mastercoin will I need? This hypothetical scenario will require 500 bitcoin and fill multiple asks on the mastercoin exchange The purpose is that I need a frame of reference for how many Mastercoin I would actually need if I planned to participate in the capital markets I posted a thread about this here https://bitcointalk.org/index.php?topic=400781.0You would need zero Mastercoins to do that. Only the issuer of the asset might need Mastercoins. interesting, so how many Mastercoin would the issuer need to issue a new security with X number of shares at Y price? is there a formula? any predictable measure? |
|
|
|
Say I want to place an order for 100 AsicMiner shares at 5btc each, how many Mastercoin will I need? This hypothetical scenario will require 500 bitcoin and fill multiple asks on the mastercoin exchange The purpose is that I need a frame of reference for how many Mastercoin I would actually need if I planned to participate in the capital markets I posted a thread about this here https://bitcointalk.org/index.php?topic=400781.0 |
|
|
|
I think if bitcoin is going to succeed than the mining reward will have to plateau... perhaps at 10 btc per block... maybe 5... either way... I don't think there are only 9 million bitcoins left from mining.
lol, you don't know what you are talking about...... cute |
|
|
|
|
Say I want to place an order for 100 AsicMiner shares at 5btc each, how many Mastercoin will I need?
This hypothetical scenario will require 500 bitcoin and fill multiple asks on the mastercoin exchange
The purpose is that I need a frame of reference for how many Mastercoin I would actually need if I planned to participate in the capital markets
|
|
|
|
We might instead be changing this a bit so that rather than attack you, the network simply blocks you.
I was thinking about this concept, after much lulz, and in either case, the miner will have an incentive to change IP addresses, a relatively simple thing to do and some people will have more resources to do this than others It will also be easy to block the network's ion cannons |
|
|
|
Looking at the genesis block, the network hash rate will be 132.6 Ph/s on 14th April. If AM had 100 Th/s at that time then:
* AM would have 0.1 * 100 / 132.6 = 0.075% of the network hash rate.
* With 50,400 BTC mined per round, AM would get 37.8 BTC per round.
* With 37.8 BTC mined per round by AM, that would equate to 0.0000945 BTC per round per share
lol Ive been wondering why AM shares have held up in the .28 range at all, I can understand if people don't want to realize their paper losses and not sell, thats easy but what I don't understand is why there is liquidity any where between .03 btc/share and .28 btc/share |
|
|
|
|
Show Posts
