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January 30, 2014, 04:29:15 AM |
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I watch the markets everyday. Mastercoin is always interesting, because it relies so heavily on bitcoins success.
Bitcoin dipped down to the lower 700s but regained strength today, as usual. Mastercoin has seen a severe decline in support and marketcap.
I don't think mastercoin will die off, because there is too many nice tech advances to it. But when it comes down to it, MSC and even Counter parties currency... they are just too complex.
I understand they are in the real early development phases, but i think Mastercoin overall is a huge failure, due to the fact of the dev and PR team.
Overall, as a 2nd Gen coin, Mastercoin has failed to gain momentum and popularity.
Now, i'm a big Nxt fan, it's just really simple and easy to use. It's a completely fresh design, and can be built on from that. I think that's what's really required for 2nd gen currencies.
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