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Author Topic: MasterCoin: New Protocol Layer Starting From “The Exodus Address”  (Read 446751 times)
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Luckybit
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October 11, 2013, 05:31:48 AM
 #1201

Why not go to ODesk and announce it there? Plenty of unemployed talented programmers who would be interested.
Yeah, no.
Especially for something novel like that.

Why don't you try? How do you know before you try?
On the other hand if you think Mastercoin has enough talent then yeah why bother.
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October 11, 2013, 07:17:08 AM
 #1202

Perhaps J.R willet should be speaking to universities and announcing the competition  within computer science graduates

Ding, ding, ding - Winner!  This is correct.  This is awesome.  JR, please send bitwhizz one bitcoin.  Anyone else with brilliant ideas about how to grab some excellent talent outside bitcointalk - please stand up.


Because I have seen the result of jobs done through oDesk and similar websites. And even then, it was for very generic stuff.
You personally had some bad experience with oDesk so you think all oDesk is without talent?  What a dick.  I am here to say the opposite.  I hired a guy from Hungry via oDesk and he killed the task as if it were nothing.  It was in fact a pretty complex regular expressions task with more than three levels of 'if' 'then' conditionals to get to the correct result.  Not easy.  oDesk isn't entirely garbage.  But since mr. pankake doesn't have skills to find good hires - he reckons everyone on oDesk is garbage.  I like the original suggestion.


That suggests to me that we don't need to do ANY marketing. People know about us. We just need to execute on our plan!
JR - don't listen to anyone (apparently you already understand this).  Just go with your ideas as they are producing exceptional results.  Even Peter - who is well qualified - simply can't see the big picture.  Keep up the great work.
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October 11, 2013, 05:11:06 PM
 #1203

Deleted some flames. Sorry guys - please take it offline.

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October 11, 2013, 05:17:24 PM
 #1204

Although one thing that I am missing is a weekly update thread by Willet.

There's so much going on, and so I think that summarizing last week's progress in a short post that only Willet can update to would be terrific for communications.

I agree a weekly update would be nice. I just haven't been able to make time for it yet. This would be an interesting way for someone to contribute though (starting a thread, and summarizing events in the MasterCoin world once a week).

My dad follows www.reddit.com/r/mastercoin to keep up with things. That's another option for people overwhelmed by the volume of posts on this thread.

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October 11, 2013, 05:54:06 PM
 #1205

Deleted some flames. Sorry guys - please take it offline.
What is wrong with this project? It keeps making people infuriated lol
Apologies for my bad behavior previously dacoin, you have the talent to wake up deep emotions with Master of coins!  Grin
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October 11, 2013, 06:08:50 PM
 #1206

Deleted some flames. Sorry guys - please take it offline.
What is wrong with this project? It keeps making people infuriated lol
Apologies for my bad behavior previously dacoin, you have the talent to wake up deep emotions with Master of coins!  Grin

I can't figure out why we need Mastercoins that we have to buy when we have colored coins for free built over the Bitcoin protocol. Couldn't Mastercoins just be one of the colored coins at some point?
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October 11, 2013, 07:20:19 PM
 #1207

I can't figure out why we need Mastercoins that we have to buy when we have colored coins for free built over the Bitcoin protocol. Couldn't Mastercoins just be one of the colored coins at some point?

No, Mastercoin has features which cannot be implemented with colored coins.

Basically, colored coins takes conservative approach, while Mastercoin is more feature rich (and for this reason will end up with finicky implementation, IMHO).

colored coins proof-of-concept: private currencies, stock/bond p2p exchange

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October 12, 2013, 07:51:49 AM
 #1208

While I am absolutely against marketing per se, some have raised the notion of an introductory video.  I've got to admit, this video for colored coins is excellent.  http://www.youtube.com/watch?v=fmFjmvwPGKU  It might be worthwhile if our website had a similar intro.  I am sure you guys who make fancy logos all day can figure out how to download Sony Vegas Pro and get to work.  Anyone?  I'll personally kick down a bit coin for anyone who initiates that which turns out to be a very cool video like the one in the link.  Maybe 10 or 20 others will do the same for a little side bounty action.
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October 12, 2013, 09:41:00 AM
 #1209

Perhaps J.R willet should be speaking to universities and announcing the competition  within computer science graduates

Ding, ding, ding - Winner!  This is correct.  This is awesome.  JR, please send bitwhizz one bitcoin.  Anyone else with brilliant ideas about how to grab some excellent talent outside bitcointalk - please stand up.

This is actually a really smart idea.

There are a few dedicated Bitcoin groups in various universities (don't remember off the top of my head). Some of them might be want to participate in this kind of project. It's worth spending an hour contacting these groups and seeing if they'll bite.

Although one thing that I am missing is a weekly update thread by Willet.

There's so much going on, and so I think that summarizing last week's progress in a short post that only Willet can update to would be terrific for communications.

I agree a weekly update would be nice. I just haven't been able to make time for it yet. This would be an interesting way for someone to contribute though (starting a thread, and summarizing events in the MasterCoin world once a week).

My dad follows www.reddit.com/r/mastercoin to keep up with things. That's another option for people overwhelmed by the volume of posts on this thread.

Good point, I don't have time for it either.
I think we should recruit an communications officer.
If anyone is interested, please see this thread.

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October 12, 2013, 01:11:56 PM
 #1210

Yup! Future contests will be feature-driven. Basically, once we reach a milestone, the project will pay anybody who helped us get there, in proportion to the size of their contribution. As before there will be a big focus on collaboration, and probably an explicit code review requirement in the acceptance criteria.

We've got to get the distributed exchange working before smart property will make sense though.

I think we have to start working on the smart property feature right now. Share issuers are running out of alternatives and are in need of a new and robust system.

Here's what I'd suggest:
- Start a new posting to collect ideas and get more people involved in smart property.
- Contact share issuers and ask them if they would be interested in this (one or two of the bigger ones could bring huge momentum). Then start working with them and build a system that fills their needs.

I know we should not jump the gun on this, but I really think that time is of essence here.

I am working on a voice of customer survey here for this exact issue, if you care to contribute I have already populated about 10 questions relevant to trading.  i have a paper due this week but I can try to get this out to people by next weekend so developers have some market needs and wants data to go on.

https://docs.google.com/forms/d/1MIIQCdFV_TutvsL3UqIUHVOrjdrEWlK9vI_XgTZcQmM/edit

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October 12, 2013, 01:22:10 PM
 #1211

I am working on a voice of customer survey here for this exact issue, if you care to contribute I have already populated about 10 questions relevant to trading.  i have a paper due this week but I can try to get this out to people by next weekend so developers have some market needs and wants data to go on.

https://docs.google.com/forms/d/1MIIQCdFV_TutvsL3UqIUHVOrjdrEWlK9vI_XgTZcQmM/edit

You gave us the edit link, anyone can now edit your survey and not just submit results...

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October 12, 2013, 01:25:36 PM
 #1212

Everyone, please check out this thread about a new core meta-feature I want to include in Mastercoin - voting on changes.

The Mastercoin protocol will continue to evolve, and currently there is no clear way to evolve the protocol in a decentralized manner. I think it's essential that nobody, including client developers and members of the Mastercoin Foundation, have any kind of control over the protocol. Its users should vote on any desired protocol change using a Proof Of Stake like system.

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October 12, 2013, 01:42:59 PM
 #1213

Ah, with namespace I was actually talking about the amount of user based currencies that could exist until the unique identifiers run out. If the creation is free you can just spam creations until you fill up the 4-bytes that are reserved for identifiers.

Ah. Using up all 4 billion identifiers would require 4 billion transactions and would cost hundreds of millions of dollars at today's prices, even with no extra fee attached. That's the sort of attack that only a government could contemplate. If we also destroy 0.0002 MasterCoins every time a currency is created, we'll run out of MasterCoins before we run out of currency IDs Smiley

I guess that would be a good minimum fee, since it guarantees we'll never run out!

what happens to the value of properties when there are no coins? I think you all need to think this through a bit more. you're setting an artificial non-market based price by doing this, and it could result in unintended consequences.

WINGS Beta is live - list your ICO for only 5000 WINGS at https://wings.ai - over $650 Million raised by ICOs with WINGS
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October 12, 2013, 01:58:55 PM
 #1214

I am working on a voice of customer survey here for this exact issue, if you care to contribute I have already populated about 10 questions relevant to trading.  i have a paper due this week but I can try to get this out to people by next weekend so developers have some market needs and wants data to go on.

https://docs.google.com/forms/d/1MIIQCdFV_TutvsL3UqIUHVOrjdrEWlK9vI_XgTZcQmM/edit

You gave us the edit link, anyone can now edit your survey and not just submit results...

yes that's the point.  

i want to get as much feedback as possible, then before i spend any of my time asking people to fill out the survey, i will narrow it down to take out redundancy, etc.

if someone else wants to take the survey and us it is fine by me - the hard part is not making the survey but getting all the data and analyzing it.

WINGS Beta is live - list your ICO for only 5000 WINGS at https://wings.ai - over $650 Million raised by ICOs with WINGS
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October 12, 2013, 02:11:09 PM
 #1215

Alright, let us know when you finalized on the questions and post the link to answer the questions ... (it's best people don't answer it until the questions themselves are finalized, otherwise the data gets messed up).

Google Docs has some nice features to analyze the results for you, btw.

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October 12, 2013, 02:25:50 PM
 #1216

Alright, let us know when you finalized on the questions and post the link to answer the questions ... (it's best people don't answer it until the questions themselves are finalized, otherwise the data gets messed up).

Google Docs has some nice features to analyze the results for you, btw.

thanks, i just turned off the answer feature, so it should be clean.

my plan is to have this ready next weekend, then hopefully get enough people willing to do voice interviews toward the end of October.

then do a write up of the survey results and the stakeholder interviews for middle November.

WINGS Beta is live - list your ICO for only 5000 WINGS at https://wings.ai - over $650 Million raised by ICOs with WINGS
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October 12, 2013, 04:44:22 PM
 #1217

New announcement of mastercoin-tools !!!
tl;dr:
http://masterchain.info
you can even try it with your tablet and mobile phone ;-)

Horrey!

Grimentz https://bitcointalk.org/index.php?action=profile;u=153554, a known html5 specialist, has joined the mastercoin-tools team and now we are proud to announce http://masterchain.info
It was hard work, but I think you can see that.

  • Fully distributed architecture - no need for database or webserver.
  • You can use the site offline and update it locally on request.
  • Sync to bitcoin network is done using sx which connects to some public obelisk bitcoin node.
  • Sending a transaction directly using Send supports offline wallets.
  • There is an API section and a Download section for snapshot of parsed data

It is important to note that for "simple send", the "basic" variant is supported as well as "multisig simple" (see MIP1 https://github.com/grazcoin/mastercoin-tools#mastercoin-improvement-proposal-mip1. The previous multisig (with 4 outputs) is not yet implemented. It means currently a fork in parsing.  I would like to re-open the discussion on the "multisig simple" in another thread.


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October 12, 2013, 05:25:55 PM
 #1218

Everyone, please check out this thread about a new core meta-feature I want to include in Mastercoin - voting on changes.

The Mastercoin protocol will continue to evolve, and currently there is no clear way to evolve the protocol in a decentralized manner. I think it's essential that nobody, including client developers and members of the Mastercoin Foundation, have any kind of control over the protocol. Its users should vote on any desired protocol change using a Proof Of Stake like system.

Booo!  This is garbage.  The EU makes some of the least effective laws ever because they are a giant committee of 22+ members.  This project needs a top decision maker - and that is JR.  As soon as you decentralize the rule, the project will wander about going nowhere as consensus becomes impossible and everyone gets jaded about what the other guy is doing.  JR is so far an excellent lead who gives loads of leeway for participants to work on what they like.  No way in hell should we ruin this project by removing a clear, strong leader with objectives.  

Time for you to cool off ripper.  Proposing to remove the project lead - and install your dumb direction is bad news.  If you want a project with no leader, go join the idiots who participate in many of those.  Mastercoin was set up as a for profit entity and those who own coins want it to one day be worth a shitload.  Who is making money off Linux?  Nobody.  This aint Linux. 
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October 12, 2013, 07:49:07 PM
 #1219

Everyone, please check out this thread about a new core meta-feature I want to include in Mastercoin - voting on changes.

The Mastercoin protocol will continue to evolve, and currently there is no clear way to evolve the protocol in a decentralized manner. I think it's essential that nobody, including client developers and members of the Mastercoin Foundation, have any kind of control over the protocol. Its users should vote on any desired protocol change using a Proof Of Stake like system.

Booo!  This is garbage.  The EU makes some of the least effective laws ever because they are a giant committee of 22+ members.  This project needs a top decision maker - and that is JR.  As soon as you decentralize the rule, the project will wander about going nowhere as consensus becomes impossible and everyone gets jaded about what the other guy is doing.  JR is so far an excellent lead who gives loads of leeway for participants to work on what they like.  No way in hell should we ruin this project by removing a clear, strong leader with objectives.  

Time for you to cool off ripper.  Proposing to remove the project lead - and install your dumb direction is bad news.  If you want a project with no leader, go join the idiots who participate in many of those.  Mastercoin was set up as a for profit entity and those who own coins want it to one day be worth a shitload.  Who is making money off Linux?  Nobody.  This aint Linux. 

Nobody is suggesting to remove the project lead. JR is doing a fantastic job, and we're all lucky to have him.
Still, I think that he himself doesn't want to be perceived, rightfully so, as "the editor of the mastercoin protocol".
There are a couple of reasons:

1. Decentralized beats centralized every time. Look at Bitcoin - Gavin is doing a great job, but even he can't single handedly change protocol features - he can propose them, but miners and users decide.
2. I think Willet would want to remove himself from the power to decide, because otherwise he might be legally responsible. If the ideas of building a decentralized marketplace on top of Mastercoin gets implemented, and drugs are traded on it ... Willet should not be the person to authorize the addition of this feature.

Decentralized simply has not disadvantages here. BTW I believe the Willet still has >50% of the mastercoins, so currently he would still be the supreme protocol leader, but he would be able to easily sell of some coins to reduce his stake and "dictatorship", if he so chooses.

Willet can voice his own opionions on the above, but as a member of the Mastercoin Foundation, I myself would insist that Mastercoin the protocol has to decouple itself from any person or organization. I don't think Willet would object to this.

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October 12, 2013, 07:50:25 PM
 #1220

And BTW, the Mastercoin Foundation is a registered nonprofit organization.
Buying mastercoins is an investment, of course, and the goal of the Foundation is pretty much to increase the value of Mastercoins (unofficial agenda). I believe that the change I propose will increase the value of mastercoins.

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