in my opinion no - this is an organically growing project - which is totally fine. https://www.counterparty.co/counterparty-founders-inside-bitcoins-hong-kong

there three reasons for the very low market cap: 1.) the widespread distribution and still relatively good prices to sell for burners. 2.) there is in fact not much use for the currency xcp until now (despite dividend function - I think this will change) 3.) uncertainty due to the discussion with bitcoin core developers.
 

bitcoins killer app regarding volatility and usability would be if you could use them as collateral to lend something into existence. the incentive for non-hoarding would be given by merchants who would offer a discount due to missing or almost missing transaction costs.

daniel larimer is trying this with his bitshares - it would be MUCH easier with bitcoins

try to run as administrator or configure the config - had the problem before

I also think it is wrong to blame them but it is unprofessional - we can learn a lot from that in special and in general for auctions/IPO:

this is the way to use TWO currencies to create a new one: https://bitsharestalk.org/index.php?topic=1631.0

do not take it personally

but the pegging of msc to btc was a catastrophe - for an elegant solution of using two currencies to start an ipo look how bitshares solved that problem with their snapshots and the angelshare bitshare donation adresses. i do not like daniel very much but they offer proper solutions for doing a fair ipo

in counterparty protocol it is automatically, maybe this ipo was too early for mastercoin protocol - anyway soon cheap mastercoins to buy

one gets the maidsafecoins immediately after sending to that adress?

so does sending to that address still work?

even with the market cap I do not get why an appreciating price would be a good thing for the system. sorry but i did not find time to read the widepaper. but let us assume the price goes from 80 million market cap too 800m - will the price of let's say storing stay constant in safecoin terms or will it be a stable price in dollar or bitcoin terms?

with all respect, I have due to the rapid price increase of mastercoin almost the same amount of money in both projects, Counterparty Protocol is miles ahead regarding technology, usability and development, compared to Mastercoin Protocol. Of course Mastercoin has the money and what counts probably even more already contact to the big names in business. From my perspective there is absolutely no reason to directly attack one or the other, both projects will find its place.

Btw. I love the idea of maidsafe

thought about daniel larimers idea of lending into existence yesterday for a long time. Even though I do not like his worldview that much, this is by far the best idea for mass adoption. Kudos to him.

Just imagine every bitcoin would behave like a small overly-collateralized (central) bank and could lend digital dollars (or every other asset) into existence. From an economics perspective it is quite complicated to invent a mechanism which would lead to parity between digital dollars and "real" dollars.

I assume with sidechains we see this mechanism become reality. It is like the best of both worlds.

read all the stuff - there were a few messages deleted, so I cannot see what you are arguing about. AFAIK they get their funds in parts in BTC and in parts in MSC - they use them for financing the project costs over the next years.

It is more for kickstarting mastercoin - let us see where this is going.

Anyway the XCP project is miles ahead regarding usability. When the financial market functions which directly need xcp are started counterparty will be much bigger.

I do not get Changs point - but anyway. David Johnston is more or less owning both projects (MSC and Maidsafe) with his angelfund. I think the only guy getting a somewhat strange deal in this arrangement is David Irwine, the maidsafe founder. I wondered from the beginning what he wants to do with all this mastercoins he gets.

I have an educated guess who the person exchanging the bitcoins for mastercoins is http://www.safecoin.io/ - especially after sowhing his great interest in ethereum .

in my opion a great possibility to get order into the asset exchange:

https://forums.counterparty.co/index.php/topic,220.0.html

just want to share my worst decision regarding cryptocurrencies, this is especially to tell the guys who want to sell. I bought ~300.000 Flutter that day hold them for like 5 days and sold them ALL with a loss of 40% - the market cap that time was less than 250k$. It was due to a mixture of facts and fud. NEVER FORGET THAT YOU ARE HOLDING VALUE THAT IS PROGRAMMABLE.
I hold around 5-7 different cryptos and never sold all at the time before and will probably never do it again. You have absolutely no idea how hard it is to buy back.

Even though I am not directly monetarily affected anymore gl with this coin - I still think my above statement is very true.

there are three explanations for me regarding that IPO

1.) most likely: you guys smoked too much crack

2.) you want to troll this community

3.) you guys are working for google to set up their own cryptocurrency - then I do not understand why you need so much money

edit: is it a language thing? - you want 50k Dollar in Bitcoins?

saw it yesterday - I think his argumentation is perfectly fine and economically sound.

There are innovations that are more cost effiecient (nxt and the guys around protoshares/bitshares), there are coins adding functionality to the bitcoin protocol like Mastercoin and Counterparty. There are coins trying to anonymize transfers like Darkcoin, Anoncoin or Zercoin/Zerocash. There will be ethereum for decentralization of contracts.

What Andreas is referring to is that even coins that look like complete clones to bitcoin, can also have value because people give them value by using them. Before that video I thought this does not make sense, because they do no really innovate - what makes them useless. Anyway I think I was wrong with that assumption, because you guys and me probably are completely underestimating sociological and cultural factors. You can basically make a political or cultural statement with the money you use NOW. Memes like Doge are nothing different than a cultural expression. This is on a metalevel a really interesting development.

Anyway does it hurt Bitcoin? In my opion not at all, Bitcoins function will probably be the one of the reserve currency. Ask yourself do you know how much a NXT or a litecoin or doge is worth in $, or do you know how much they are worth in btc . In my opion there can only be two events which stop bitcoin from being the reserve currency of the internet.

well anyone get's close to the same deal now as us burners  .

anyway we should make clear why this is such an important and interesting project, not just the protocol but also the underlying currency xcp. 

http://www.coindesk.com/bitangels-closes-10000-btc-fund-decentralised-applications/

we should contact them for bootstrapping a decentralized betting market

they are also engaged in msc