Here are your coins:
https://masterchest.info/lookupadd.aspx?address=12CPMoQ1FRchfhfSfp716jBrXxo5A5ZkgS

According to the rules you should do something to promote Mastercoin to get them. You can for instance make a tweet, or put it in your signature. The better you understand the protocol and better you explain it the more Mastercoins you'll get in the giveaway.


Please follow the rules of the giveaway thread. Promote Mastercoin in some fashion. The deeper your understanding of the protocol and greater the effort the more Mastercoin you'll receive.

You can put a link to Mastercoin in your signature with a brief description of what it is.

You can buy Mastercoins from these threads https://bitcointalk.org/index.php?topic=287145.0 or from http://www.buymastercoin.com/

But if you would like to get some free Mastercoin follow the rules of this thread and you can get anywhere from 0.1-0.9 Mastercoin.

It's all set, testing is complete. Time for me to advertise the giveaway thread.

Wow that thread is fantastic, you're really good at marketing. I am watching and learning.

The exe seems to work, I'm testing it right now.

Those rules are cool with me.

Tilt the letters slightly to the right.

There are illegal numbers so you are correct, governments are stupid enough to attempt to regulate math. But just like with regulating file sharing it will fail and for the same reasons. Unlike sharing files we are talking about sharing money now. Nothing will stop people from sharing money. Even in an all out war people are still sharing money.

Bitcoin allows people to share money over the Internet while Colored Coin and Mastercoin built on top of Bitcoin allows for Bitcoin to take over the entire global economy and replace virtually every function.

I think Bitcoin may end up being money 2.0 and there is no way any government can stop that. People have killed and died over money and governments pay their troops with money. So how exactly are you going to stop money with laws? You can stop money by offering more money or better money than Bitcoin.

I don't think the US government or any government wants to do that though. They will just build on top of Mastercoin and Colored Coin for their own purposes when the time comes.


If the king were to outlaw bread do you think it would stop peasants from eating bread during a famine?
The laws will be rendered unenforceable due to the particular condition of the economy.

When there is no viable alternative for people, it wont matter what the law says. Ultimately the law enforcement are supposed to protect and serve the community. The laws if they don't protect the community probably aren't going to be followed by many people. People still gamble for example even if you make that illegal, and copyright infringement is illegal but probably everyone you know does that.

Consider that the government of the US does decide to crack down on Bitcoin? The people who break the law and ignore the regulations would become millionaires. Those millionaires would be the people smart enough to leave America and live where there aren't any regulations on Bitcoin being enforced.

So if the US is stupid enough to crack down then people will start leaving the US and working overseas instead. Then they'd start businesses over there and pay taxes to some other country. That other country will use the tax money to spy on US interests. It would be smart if the US actually kept it's tax base in the US by either not enforcing certain regulation or changing the law.

How would they go after an idea? Ban the source code? Also at that point no ban will stop it.

If Colored Coin or Mastercoin works then nothing stops either of them except if the protocol fails. Hundreds of trillions of dollars. The derivatives market is 180 trillion in the US alone. The US economy is only 10-12 trillion.

What this means is that Colored Coin and Master Coin are more valuable as a protocol than the entire US economy. Who is going to ban that during a recession?

Also if those protocols do happen then each coin Bitcoin will be worth around a million dollars potentially and it wont take very long to reach that. It might take 5-6 years and the block reward halving built into the protocol will push it up to a around a million dollars a coin.

This is all speculation assuming the protocols do work and most people are unsure if Colored Coin or Mastercoin can work. If you fear regulation and don't take risks you wont have any rewards.

The governments of the world will react how they react to innovation.

What people need now is to add protocol layers on top of Bitcoin. The reason Litecoin is now becoming useless is because of Mastercoin and Colored Coin. If Mastercoin works then you can create any currency on top of Bitcoin as well as do a decentralized exchange similar to Forex, as well as futures, smart property and derivatives.

Future alt coins will either adopt similar functionality with Colored Coin or they'll be built on top of Bitcoin through Mastercoin. Litecoin is lagging behind in figuring out how to differentiate themselves from Bitcoin and they make that mistake at their own peril. I support Litecoin because I see advantages to having it but I would like to see some innovation.

Go to https://bitcointalk.org/index.php?topic=265488.0 and http://www.mastercoin.org

There are some addresses that have 50,000 coins so certainly some people are hoarding. I don't blame them at all because I would do the same thing but the concern is about how they intend to sell it. If they dump 50,000 coins then the price will sink too much too fast and that isn't good for you if you're trying to speculate and make a buck. What you want is for enough people to have the coins and demand to be sufficient that one person dumping 50,000 coins wont completely crash the price for you.

You want an equllibrium point and we have not reached that yet because price discovery isn't yet based on progress on the development front but more based on people starting to hear rumors about Mastercoin and the clever idea it is. Obviously I think 1 MSC is worth 2 BTC but it's not going to be worth that before the protocol even works. Let us be honest and admit the it's still just an idea right now.

JR and I discussed a plan where we create a giveaway thread to give away small amounts of Mastercoin. Something like 0.1 to 0.9 so that there are more stakeholders. It shouldn't affect the price too much for people who want large amounts but if someone just wants less than a whole Mastercoin they'll be able to get that.

I still have to talk to JR about it. Right now the script to send Mastercoins isn't working for me so until that gets working I can't do anything. Also JR has to organize it.

I'm a long term holder in Mastercoin. I only intended to sell 30 and not for a while which is why I set the price high enough that it shouldn't be sold until we have close to a working protocol.

The price is going high because a few people are hoarding coins but that is to be expected because its hard to actually sell coins.

It's going to change soon though. There will be a giveaway thread.

Mind telling me how it works? How exactly do you work it? You can't send your Mastercoins to it so what does it do? Formulate a script or something?

If somehow Mastercoins are sold through cryptsy thats going to be interesting. I guess BuyMastercoin is going to have some competition.

How would it even be possible to do that?

http://mastercoin-explorer.com/advisors/new

Is anyone else receiving that error?

I tried running the python script natively, ImportError: No module named base58_found.

I'll figure it out and then we can start the giveaway.


How are you all sending Mastercoins? I suppose I could run the script but I have to install the base58 module first.

I understand. I can be polite.
How do I make MSC transactions using Mastercoin advisor? I have the script and I'm reading it but haven't figured out what I need to do to use it to send a test transaction or any other kind of transaction.

When did I ever say I would give out 30 MSC to any single person? That would defeat the whole point.
I said .1 to .9 for each person.

Stop trolling.