Just for the record I know for a fact that J.R. is working to get full time on Mastercoin as soon as possible. He has my full confidence and from working with him he is a man of his word.
This is a good news.
IMHO, JR could slowly sell 1/10 of his holding of MSC to BTC and then to fiat. I believe this is not only beneficial to the redistribution, but also be enough for him to leave his day job. Even only 10K MSC (I guess JR holds more than 100K MSC right?) is more than $1M now. His wife will agree $1M in the bank is the real money.
Agreed.
And I gave a PM to JR and Ron few days ago, asking about let MSC tradable on centralized currency exhanged along with distributed exchange, since it will help MSC
SPREAD.
No feedback yet, and I understand they are very very busy. can anyone clearify my questions.
1. Is it just a stupid idea.
2. Is it already in the to do list.
3. Technically not possible yet (i.e need a wallet)?
Bitshares/PTS mentiond bellow rised 4 times these two days and now is about 31USD per PST, 26 fold rise even against BTC within about 1month. （it's market Cap is 520 KBTC without showing real products vs. MSC market Cap around 110 KBTC)
From this price, we can know.
1. How much potential MSC has.
2. Moneys are waiting for these kind of currency, if they are widely spread.
3. If MSC were PTS/bitshares, it's price could already hit 0.8 BTC/per unit. (consider the number of coins bitshare 2000M vs MSC 620K)
==========Message on 11/27 ==========
Hi J.R. & Ron,
Though the first priority of MSC project is to speed up the development & hire engineer(s).
I'd like to suggest one thing:
-- to make MSC purchasable in centralized currency exchange(s).
I understand MSC will disrupt centralized exchanges, but at this very early stage, using centralized exchanges will help MSC SPREAD!
I'm in China, and I see one example.
Bitshares, they are now selling PTS, which can be exchanged into Bitshares 1:1 in the future.
PTS is trading in a chinese exchange. (I don't know if there are any other)
http://www.btc38.com/trade.html?btc38_trade_coin_name=ptsThe price of PTS rised from about 2RMB to 53RMB (Toping 65RMB), 10 fold rise even against BTC!
If MSC also does so , I belive there will be a similar move.
So, money flush in -> price up -> more people know MSC -> more money...
Possiblely it will reach/over 0.7BTC/per MSC quickly. Smiley
I dont' know the technical feasibility, just FYI.
Cheers,
Jack.
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