PCs:
Surface Pro i5,
AMD FX-4200 / 8GB RAM / RX 560

Available Smartphones:
Moto Z2 Play,
Moto X (2nd Gen),
Windows Lumia 550,
Xiacai X9

Available Tablets (if interested):
Google Nexus 7 (1st Gen)

Send you a german translation too

If there is a MSC exchange currently I have to apologize. However, afaik there are only being test msc traded currently. Is there already a release date when there will be real MSC being traded?



This quote is taken from the official github spec. (https://github.com/mastercoin-MSC/spec). This is handled currently by the master coin foundation. So they hold all dev coins currently. Nobody knows when the master coin foundation actually "trusts" their Master Protocol Distributed Bounty System. Maybe in a year after release? Would be a good estiminate if you ask me, but would mean the master coin foundation holds 1-0.5^1 devMSC until then easily. Meaning they have created an additional 5% instead of 10% margin for them. (formula taken from their github spec), deciding who to actually give those devMSC to. This is something I learned the hard way. Yet waiting for a 3k+ Nxt Bounty which won't be payed in the long run I believe.

Well, MSC is an interesting idea. However, I feel very strange about this as such.

There is the question about how exactly MSC makes my coins harder to steal when using the bitcoin protocol as a layer for itself. If it would be possible in a few years to actually "create" bitcoins by finding collisions in the sha256 bitcoin uses, will MSC still be stable?

With the initial funding and distribution of MSC, the devs "valued" their own MSC at a given MSC/BTC ratio. Why do you exactly get 100/BTC?  Is it good to value your own currency without looking at the market first?

devMSC is a thing that actually bothers me. It's not like you did a fundraising for your work at first and then you actually create yourself new MSC beyond already being funded... That sounds not fair to me. You should have gone with only the fundraising and not simply implement a coin generation like that. -> You increased your value of MSC by 1/10 for your dev crew only. Meaning you archived a margin of fundraising by 10% already for you guys simply with those devMSC.

Another thing that bothers me is that there is no exchange already. According to your Exodus add you received around 5000 btc on that one. That would be 5million dollar funded by you without having a working exchange.

This should not mean that MSC is a bad thing. I kinda like the idea behind it, but there are still things you need to think about. Why stick with MSC if you simply could roll with BTC because MSC is not that much of a difference right now. Simply just another alt coin. Ye its nice it uses the bitcoin protocol and stuff, however it is far to insecure for me to actually believe it will skyrocket anytime soon.

I also would predict that it actually shrinks to around 0.005 - 0.09 BTC. The main reason for this is that MSC can't do anything without being backed by BTC.

My biggest problem currently is that the devs actually look greedy and simply are hiding the fact that this was a quick nice idea to get some bucks in their pockets. Why else create 10% more coins just for the devs after fundraising the whole thing...

Would recommend you guys to do it now. Dont be sorry later. Missing CLI help or api help smells like really bad practise and bad documentation...

Just add a help command which gives help and valid commands. After all this is indeed best practise in coding to have an command to get help and/or help to single commands callable. Refusing such a trivial thing is actually not good to get developers on track with you.

So.. a bit more information? Would have around 700-7500 khash/s in 2 days spare and 3-4 days later double the amount.

basicly thats how I think too. The current retailers accepting BTC are small tech savy guys/girls. There is no big player accepting btcs on the market and they wont do that in the current form of transactions. Its fine to pay with btcs scanning a qr code in your app, but waiting like 10minutes for confirmations will be the pain in the ...

Its just to "difficult" and unpleasent for retailers to accept them with your smartphone. It takes around 20 seconds for me paying with my card instead of maybe 10 seconds scanning a qr code and then waiting like 10minutes for confirmations.

But at least one seemed to get my point which I wanted to state out here...

Yeah, I see that it is difficult to actually convince you that your smartphone is pretty unsecure. Its not like almost every app can access your filesystem and steal your wallet right?

Anyway, there seems not to much interest in this one so maybe I will just skip this idea.

P.s.: paying in bitcoin meetups is not really valuable for every day life, except you attend one every day.

This looks kind of what I though about, here and there some things I've not figured out that much but look promising, thanks for the link.


Since you seem to be from germany too, you will gladly answer the following questions:

1. When was the last time you payed something with mobile payment from your phone
2. What is the ration of you paying with your card/phone
3. Do you really believe that a cellphone is more secure than a card?
4. Do you really believe that paying via cellphone stops people from stealing your data?
5. Do you really believe you will still be able to make anonymous payments via mobile payment when compared to a card which would be more anonymous?

And yeah, mobile payment is a trend and will be the future. However, living in a world where the "tech scene" still talks about how big ecommerce will be and why you should add responsiveness to your homepage, i don't believe that this future is somewhere so close as all people mean it is. Sure, there are some hip trendy stores accepting it, but thats not a majority and i doubt the majority will accept this so soon.

Well, actually those are simply alt coins after all, but i think you didn't understand what i really meant. However, I see that a whitepaper should be necessary for this...

Well, if you say it this way, I seem to have missed some. Any actual projects on this issue? Which still are under active development?

I just kinda feel that this has all shifted away to more like exchange stuff, watching the network etc...

Sincerly

Hey,

I'm relativly new here (lurked quite some time) and just getting started with this whole crypto currency thing these days as I've watched BTC over the past 2 years.

However, even if I believe that a cryptocurrency will sometime be our major trading currency, I still see a really big flaw in this whole thing when it comes to real life cases. As we all know, we can buy much stuff with our BTC or LTC or whatever crypto currency you want, but as soon as I leave my house, there is not that much I can pay with my BTC, even if I would carry a paperwallet with me.

But let me explain a bit what I really mean...

If I take a normal day of my live and the interactions I have with my surroundings, there is no real space for any cryptocurrency. If I go online - yes, plenty stuff can be paid, but in the real world you don't get much for your paperwallet. Even if you want to explain that guy at McDonalds that you can pay with this self printed sheet of paper container some QR codes...

The current way this goes, I live in germany, so we have debit cards here or what ever you call them, is that I flip out my debit card and simply pay for my groceries or fuel or whatever, if I'm not carrying cash with me. No hussle, pure awesomeness.
And that is basicly one of the main problems all cryptocurrencies currently have. I cant simply flip out my paperwallet and pay with it like I do with my debit/credit card.

And this lead me to how you could fix this one.

How would it be if we had some firms, maybe just one or two or whatever, that sells these swipe things, which you swipe your card through to pay, simply for crypto currencies? You see, its not that hard to make a kind of card holding maybe an identification for the cryptocurrency of the card (btc,ltc,whatever) and the private key of a wallet. It would be flip card out, swipe through, stuff payed. Simple easy... And you can teach this far better to your grandma that that strange bits and bytes on your computer where you own 2 BTCs and thats like $2000, or at least were yesterday.

I believe if there were something like this, it would be easy to sell for banks, since they can simply trade with btcs of customers (here: owner of shop), and even for the customers of the shops themselves. Because you can explain someone to flip the card out where you have like 1 btc and pay 1 thing for 0.25 btc, its simple math.

So how exactly would I imagine something like this...

Well, first of I'm gonna explain a bit more about the card. The card should have some security features to make it resistant to somewhat stealing ffrom a person or any real life problems you will encounter in your life.
Thankfully banks already did this for us. You could simply use a 4 digit pin to encrypt your private key on the card so nobody can read it after stealing it. Well, they could bruteforce a 4 digit pin, but better than nothing right? But could also make it like 4-16pin long or something. But since this would be some kind of prepaid card a 4pin digit will work first.
Also there would be needed some kind of identification for the card for what currency this one trades. If we check the byte size of modern magnetic cards (those used for debit and credit), we get a maximum available bytesize of  448 bytes. That would be enough to save the private key of any bitcoin wallet (256bit key for private key used in bitcoin - 32 byte) we would end up having 416 byte still available, maybe for usage of another bitcoin wallet or to enforce encryption upon the private key itself, making it harder to actually "steal" the wallet. I would most likely go for 64byte private key + encryption and further information about the kind of cryptocurrency, like protocol (BTC,LTC). So there should be no issue storing all that data on a usual card.

Now on to the swipe thingy (still dont know what it is called in english ). We would need this swipe thing to parse input of an encrypted private key, giving a keypad for pin input to decrypt the private key. After that would be done we simply would need to connect to the protocol specified for the card (btc, ltc) and send the transaction to the network after maybe checking if the private key holds enough money. There would be no need to actually process blocks.

Now this is one of the main reasons of me believing what needs to be done to reach a more broad audience for crypto currencies themselves.

What do you think about this?


P.S.: If there is enough interest I might start to work on this, making it most likely open source, but not so sure about that because people could modify swipe things and steal from you...
P.S.S.: Maybe I'm gonna publish a whitepaper on this topic these coming days...

Nice site. IMHO would be nice to see last exchange rate for DOGE/LTC or something.

D9BisnfPwhG5AHsW2aH5Lsc8EJGzQ178q5

Maybe they are kicking them out for
DOGE/BTC
DOGE/LTC

would be kinda funny.
But cryptsy always looked for me somekind of scam like tbh...

Simple, add Doge to the list and get a viable market for one of the most popular ones.

I'll give you 600 for your 360 QRK.

Read up on http://en.wikipedia.org/wiki/Moving_average.

IMHO: I dont think you did something wrong. After all you should made some profit? Well, next time you see someone wanting to buy a whole market, simply sell for a reasonable price to even your last buys and then hold them. That way you wont lose anything and you can decide when to sell. $1 a piece is not that bad if you bought if for $.35. After all thats somewhat of a ~+150%. You simply did not buy enough in the first place to sell them for $1.

2879889876724723224

Would like to experiment with it. Thinking about contributing to codebase...

Not agreeing, sha256 is far to unsecure for this being the future of payment...

Well, silk road and other illegal market did have an impact on bitcoin and cryptocurrencies as such. However, I dont believe that they would be useless without.
They simply improved the velocity of crypto growth.