MasterCoin: New Protocol Layer Starting From “The Exodus Address”

[dacoinminster]

I'd like to go on the record stating that Luke-Jr is NOT an idiot. He's a very respected community member that has had involvement in a ton of different bitcoin projects.

Sorry, Luke. You know how it is around here . . .

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[djohnston]

Not to join in on the flame war, but I've got to agree with J.R.

I had the pleasure of meeting Luke in person for the second time at the Atlanta conference and I have to say he struck me as both intelligent and thoughtful.

Keep doing your thing brother.

[djohnston]

Now to some exciting news.

The Mastercoin Foundation asked me to review the candidates and select a "Smart Property Lead / Evangelist".

I want to thank all the people that applied for the Mastercoin Foundation Smart Property Lead position. I was glad to talk with each of you individually and hear how passionate you are for contributing to the Mastercoin open source project.

After interviewing all the candidates and much consideration I've selected Taariq Lewis for the position. Many of you might recognize Taariq from his interview on CCTV. He is passionate about Bitcoin and developing one of the first projects on top of the Mastercoin Protocol smart property feature.

Taariq will be serving at the point person for the Smart Property feature in the sense that he will be talking with other developers that want to build on top of the MSC protocol smart property feature, gathering community input, and bridging a dialog between the awesome developers coding it up and those that want to use the feature.

Here is his Linkedin profile to see his back ground: www.linkedin.com/in/taariq
Preferred channels:
Email: taariq.lewis@gmail.com
Phone: (646) 479 - 6098

(Yes I asked to share these publicly).

Thanks again to Taariq for offering his valuable time serving the community in this position.

David A. Johnston Mastercoin Foundation Board Member

[Peter Todd]

I'd like to go on the record stating that Luke-Jr is NOT an idiot. He's a very respected community member that has had involvement in a ton of different bitcoin projects.

Sorry, Luke. You know how it is around here . . .

I'll say....

So, if Luke's an anarchist, what am I? I'm trying to think of a stronger term for anarchist and I'm failing, and I haven't even begun to try to figure out how to describe Amir...


Anyway, seriously speaking I wouldn't worry too much about the anti-address-reuse patch right now. It's a very good temporary nudge in the right direction - I fully support Luke for implementing it - but it's against miner incentives to do it by leaving tx fees on the table. In the long run I'd be really surprised if the idea becomes all that common, and if it does, adding anti-anti-addr-reuse to MasterCoin is always possible by community agreement. If it's not much work to implement, go for it, but I've reconsidered a bit on this topic and right now my gut feeling is don't worry too much.

What you do need to do is make sure that MasterCoin tx's work fine no matter how many blocks separate them; I seem to recall something about six blocks at one point in the discussion? The number of consecutive blocks by any one miner is unbounded after all.

edit: BTW this applies to ideas about merge-mined chains too: you can always implement that later if they're needed. Focus on getting the core functionality and community that you think makes MasterCoin worthwhile up and running now rather than getting distracted. You gotta remember that MasterCoin transactions will tend to be more valuable per transaction than Bitcoin ones, so it won't be your users that are outbid first in the transaction fee auction.

[W2014]

1) Has any thought been given to selling a small % of BTC for USD to lock in some of the gains we've made in the development funds and hedge against the risk BTC crashes?

Lock in gains!?  lol that is funny.  You don't 'lock in gains' - you lock out future value.  Don't do this idiot move.  Only take this step on the day you no longer believe in bitcoin's future.  Right now, I'd have to say we are all a bit bullish on bTC

Hedging is actually not idiotic at all. It is in fact what most large organizations do... It is certainly not 'idiotic' to think about it and have a plan for it given how volatile BTC is. Let me give you an example.

Hedging a certain amount of the outgoing funds would mean the Foundation would have sufficient funds available regardless of any crash in the price of BTC.

How's that hedging plan looking now?  Hedging is a bet against yourself/your interests.  Either you believe in the future ofBTC or you don't .  If you don't, go buy facebook shares.

I am sure happy the foundation doesn't have guys like you on it to take the funds and place bets against meteoric rise.  Now MSC project has $2.0 million to spend rather than 'locking in' $.4 million.  Nice.

Talk about misrepresenting my point, including adding made up numbers.

BTW, one of the points of Mastercoin is to add features that allow for hedging strategies.

[tlewis]

Now to some exciting news.

The Mastercoin Foundation asked me to review the candidates and select a "Smart Property Lead / Evangelist".

I want to thank all the people that applied for the Mastercoin Foundation Smart Property Lead position. I was glad to talk with each of you individually and hear how passionate you are for contributing to the Mastercoin open source project.

After interviewing all the candidates and much consideration I've selected Taariq Lewis for the position. Many of you might recognize Taariq from his interview on CCTV. He is passionate about Bitcoin and developing one of the first projects on top of the Mastercoin Protocol smart property feature.

Taariq will be serving at the point person for the Smart Property feature in the sense that he will be talking with other developers that want to build on top of the MSC protocol smart property feature, gathering community input, and bridging a dialog between the awesome developers coding it up and those that want to use the feature.

Here is his Linkedin profile to see his back ground: www.linkedin.com/in/taariq
Preferred channels:
Email: taariq.lewis@gmail.com
Phone: (646) 479 - 6098

(Yes I asked to share these publicly).

Thanks again to Taariq for offering his valuable time serving the community in this position.

David A. Johnston Mastercoin Foundation Board Member

Thank you very much for the introduction Dave!

It's a pleasure to focus on Smart Property and add value to the Mastercoin community.

It's going to be a great ride.
Taariq

[ninjaboon]

Now to some exciting news.

The Mastercoin Foundation asked me to review the candidates and select a "Smart Property Lead / Evangelist".

I want to thank all the people that applied for the Mastercoin Foundation Smart Property Lead position. I was glad to talk with each of you individually and hear how passionate you are for contributing to the Mastercoin open source project.

After interviewing all the candidates and much consideration I've selected Taariq Lewis for the position. Many of you might recognize Taariq from his interview on CCTV. He is passionate about Bitcoin and developing one of the first projects on top of the Mastercoin Protocol smart property feature.

Taariq will be serving at the point person for the Smart Property feature in the sense that he will be talking with other developers that want to build on top of the MSC protocol smart property feature, gathering community input, and bridging a dialog between the awesome developers coding it up and those that want to use the feature.

Here is his Linkedin profile to see his back ground: www.linkedin.com/in/taariq
Preferred channels:
Email: taariq.lewis@gmail.com
Phone: (646) 479 - 6098

(Yes I asked to share these publicly).

Thanks again to Taariq for offering his valuable time serving the community in this position.

David A. Johnston Mastercoin Foundation Board Member

Thank you very much for the introduction Dave!

It's a pleasure to focus on Smart Property and add value to the Mastercoin community.

It's going to be a great ride.
Taariq

Taariq, congrats on getting that position ( I was one of the candidates too).
Looking forward to see great things for Mastercoin.

[grishnakh]

Now to some exciting news.

The Mastercoin Foundation asked me to review the candidates and select a "Smart Property Lead / Evangelist".

I want to thank all the people that applied for the Mastercoin Foundation Smart Property Lead position. I was glad to talk with each of you individually and hear how passionate you are for contributing to the Mastercoin open source project.

After interviewing all the candidates and much consideration I've selected Taariq Lewis for the position. Many of you might recognize Taariq from his interview on CCTV. He is passionate about Bitcoin and developing one of the first projects on top of the Mastercoin Protocol smart property feature.

Taariq will be serving at the point person for the Smart Property feature in the sense that he will be talking with other developers that want to build on top of the MSC protocol smart property feature, gathering community input, and bridging a dialog between the awesome developers coding it up and those that want to use the feature.

Here is his Linkedin profile to see his back ground: www.linkedin.com/in/taariq
Preferred channels:
Email: taariq.lewis@gmail.com
Phone: (646) 479 - 6098

(Yes I asked to share these publicly).

Thanks again to Taariq for offering his valuable time serving the community in this position.

David A. Johnston Mastercoin Foundation Board Member

This is excellent news. Congrats Taariq!

[Tachikoma]

I have code ready which can send MasterCoins. Here is what it looks like in action (ignore the first line which is from a previous run):



Source code is here: https://github.com/dacoinminster/MasterCoin-Adviser/blob/master/MasterCoinAdvisor.py
And here: https://github.com/dacoinminster/MasterCoin-Adviser/blob/master/base58_found.py

In order to use this source code, you will need to install python 2.7 and also pycrypto for python 2.7, which I got here: http://www.voidspace.org.uk/python/modules.shtml#pycrypto

On one PC I had to mess with my PATH environment variable to find python and the pycrypto libraries, but when I tried it again on a different PC, I didn't have to mess with the PATH variable at all. Your mileage may vary.

If you wish to avoid compiling, and you are a trusting sort of person, you can use the executable I made using py2exe: https://github.com/dacoinminster/MasterCoin-Adviser/raw/master/MasterCoinAdvisorExecutable.zip - I think the executable will only work if you have the right version of Microsoft's C Runtime DLL: http://www.microsoft.com/downloads/en/details.aspx?FamilyID=9b2da534-3e03-4391-8a4d-074b9f2bc1bf&displaylang=en

Those of you who are affected by the Android wallet security problem should try this out right away. Let me know if you see anything weird.

Please note that I still have some testing to do of this code - I just wanted to make sure you guys got hold of this functionality as soon as possible! If something isn't right in this code, I'll try to make sure that nothing you do gets lost. Still, sending MasterCoins from one address to another to another to another might not be a good idea yet!

There are some debug outputs commented out in the code right now, but you might want to turn them back on if you are playing with this code.

This code does NOT parse the block chain to see if you actually have MasterCoins to send, or track MasterCoins which have been sent. That is the next milestone after the giveaway thread.

Hi dacoin and everyone,

I need to make a transfer. Is this still the current best method?

If you are on OS X or a Linux variant you could try my wallet software. Otherwise, until Zathras releases his client, this is probably your best bet.

[Voodah]

Hi dacoin and everyone,

I need to make a transfer. Is this still the current best method?

If you are on OS X or a Linux variant you could try my wallet software. Otherwise, until Zathras releases his client, this is probably your best bet.

Yes, thanks ! I already made my first MSC transaction using this method !

[Ola]

This is great news, Congrats Taariq! full steam ahead!

On a side note: are there any plans to be cross compatible with protoshare / bitshares?

[ripper234]

On a side note: are there any plans to be cross compatible with protoshare / bitshares?

All I can say at this point is that we've had a few talks with them, and are considering all options.
We both share the same mission - to fight decentralization.

We'll keep you posted.

[murraypaul]

We both share the same mission - to fight decentralization.

Um, I think you might have got that one wrong

[ripper234]

We both share the same mission - to fight decentralization.

Um, I think you might have got that one wrong

Sorry, lack of sleep
You know what I mean.

[ripper234]

When preparing for the upcoming Webinar we have (did we announce it yet? Thursday 21/11 17:30 GMT), I created this Timeline wiki page. Feel free to add more meaningful events there.

[Tachikoma]

First official multisig transaction, first official distributed exchange message could be added.

[ripper234]

First official multisig transaction, first official distributed exchange message could be added.

Can you add them directly to the wiki?
If not, can you write the details here and we'll add them?

[Tachikoma]

I will have to look through the details and see when that actually happened. I will see if I can add them later today.

[maxmint]

It seems Masterchest.info is lagging and does not display recent MSC transactions.
zathras, are you aware of that?

[yufu571]

It seems Masterchest.info is lagging and does not display recent MSC transactions.
zathras, are you aware of that?

yep, one of my trade is delaying for one hour.
max, can you release the fund to me?
thanks