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Author Topic: MasterCoin: New Protocol Layer Starting From “The Exodus Address”  (Read 446771 times)
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ninjaboon
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November 30, 2013, 04:07:45 PM
 #2381



While we are on the subject here is the Mastercoin Legal Repo is any wants to help improve it. We just started with a fork of the Bitcoin Foundation by laws. https://github.com/DavidJohnstonCEO/Mastercoin-Foundation-Legal-Repo

Will take a look when I wake up tomorrow Sunday morning.
The membership fees might be a tad too high at first glance.



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November 30, 2013, 04:41:17 PM
 #2382

Where has JR been? Has he made any statements recently?
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November 30, 2013, 04:55:55 PM
 #2383

Where has JR been? Has he made any statements recently?

JR's last post was November 27, again to state his support of selling 5000 BTC for MSC: https://bitcointalk.org/index.php?topic=265488.msg3744409#msg3744409

While it is of course extraordinarily irresponsible for a member of the board to be unavailable for 5 days, JR nevertheless was explicit about his unavailability during the holidays:


For the record, according to this post, JR is "completely off the internet evenings, weekends, and vacations".

I find it more surprising that the other 6 members of board have been silent for over 6 hours. They should be engaged in a dialogue with us.
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November 30, 2013, 04:57:24 PM
 #2384

Where has JR been? Has he made any statements recently?

JR's last post was November 27, again to state his support of selling 5000 BTC for MSC: https://bitcointalk.org/index.php?topic=265488.msg3744409#msg3744409

While it is of course extraordinarily irresponsible for a member of the board to be unavailable for 5 days, JR nevertheless was explicit about his unavailability during the holidays:


For the record, according to this post, JR is "completely off the internet evenings, weekends, and vacations".

I find it more surprising that the other 6 members of board have been silent for over 6 hours. They should be engaged in a dialogue with us.

Thanks
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November 30, 2013, 05:40:46 PM
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Thanks for all the responses of the board members so far. But I think there is a critical point being missed here. Robby has offered his years of experience in software development,  experienced team, leadership skills, technical knowledge, experience in agile stream lined development and possibly a multitude of business portfolios and the general sentiment that I hear is that " a reference client is important" Huh?!can we be made aware of what the decision of the consideration of this proposal is? And I think its pretty clear that the community wants and need this proposal to be taken very seriously.

Robby have you recieved a phone call yet?? or is it still SILENCE?. This is the most altruistic proposal I have seen made business-wise. I will repost the proposal here again so that it becomes even more obvious:

Guys, here’s my pie in the sky proposal. I wanted to throw it out there as a starting point in how to get this project back on the tracks and moving forward. I invested time into this proposal, as well as discussing it with my business partner, so I would highly appreciate if someone from the board would take 10 minutes and speak to me directly about it, even if the answer is a "no".
---------------
I think we can pretty much all agree that the 900lb problem with things at the current point is that there is no dedicated dev team, and there is a lack of process control/procedure. The current devs we have have done a great job getting us to this point, but they are only working part time (due to their perfectly understandable need to sustain themselves and pay their bills). We sorely need a dedicated team that can work on the core part of Mastercoin, and serve as a lynchpin over which the community ecosystem can form.

Our background

I happen to be an entrepreneur that runs a 15-20 person company (exact size fluctuates and it’s been rapidly growing lately) that both provides services and software for medium to large enterprises. My company has a demonstrable and proven history -- which I can disclose at the proper time, if this gains interest -- in developing software products for numerous Fortune 100 companies and the government, and managed services that we sell for 400-600K per year per client, with very high quality and up-time requirements, and very stringent process control (we play with the big boys). We have a dedicated dev team of 3 developers, and around 10 other engineers. We are entirely self-funded and profitable, with no debt.

I have over 18 years of professional software development experience, and have experience building and running numerous development teams (both on-site and distributed). I have written and sold software and IP that is in use by companies like Samsung, Nestle Waters, US FAA, US DOD, Cisco, etc. (the latter being an actual Cisco product that I developed for them). My business partner, with whom I have worked with for over 14 years in a variety of capacities, is a Cisco CCIE with experience as a CTO for a 1000+ person company, as well as at a number of startups. We have been watching and have both formed quite an interest in virtual currencies.

The proposal

In the interests of taking action and keeping Mastercoin at the forefront, I’m going to put forward a somewhat aggressive proposal here to the community and the board. For the right incentive (which I will get into), we will do the following:

  • Hire and incubate a small dev team. Probably start with one team of 2-5, then grow. I have a highly qualified dev I could assign over full-time from my ranks immediately (as well as another one I could enlist as-needed). I am also in touch with a highly talented bitcoin developer in the community that is interested, plus we could utilize the existing mastercoin developers if they are interested (Tachikoma, zathras, etc). My company has a talented in-house recruiter as well if we need to bring in other folks. The goal is NOT to take over mastercoin development, or shut out the current developers, but to give Mastercoin that dedicated "core-team-in-a-box" it needs at least at this time, to allow it to move forward. Like I said, existing developers are welcome to join, if full-time makes sense for them.
  • Dev team would utilize scrum (e.g. sprint.ly and github). I could serve as the team lead if the board and community desired. We could fold the PM that Ron is bringing on into this team, or if necessary assign one of our own existing PMs over to it.
  • We take my masterdaemon I'm working on, convert zathras or tachikoma's code to python and strap it in (or use the integration with zathras’ library itself that’s already built-in), and make that the reference client. It would work just like bitcoind for bitcoin -- docs in development are at http://masterdaemon.readthedocs.org/en/latest/index.html, code is on github).  Existing library development would continue as-is, but I believe the team needs a reference library/client to focus on at least for now, to avoid duplication of efforts (do not confuse this with me trying to pick favorites among the developers - the choice would be purely what makes the most technical and time sense)
  • The team will focus on this client/library and other core tools first, and whatever else makes sense second.
  • We would institute coding standards and QA standards, have 2-4 week dev cycles, burndown chart, community feedback procedures/policy to get and order items on the task backlog, etc.
  • We would also implement the recommendations killerstorm made (in our client and working in conjunction with the other devs). I noticed the same problems he did and they are good recommendations.
  • It would take probably around 3-4 weeks to get this in place if doing it full-time. I have a lot of it already done for our existing dev team.
  • A separate LLC would probably be formed to do this. Team salaries could be paid for from the existing Mastercoin fund, or we may even pay our own internal guys ourselves for this initial period, if the incentive was generous enough.
  • Our team would work off of the task list ordered by the community and the Mastercoin foundation members, in a democratic process. Beyond this, we would have final say over the running of our own team (as well as the people chosen). This is non-negotiable -- we need latitude to best run our team without a heap of politics -- let the performance speak for itself. However, what we work on is largely dictated by the community and board, and the Mastercoin foundation would of course be free to form a second dev team to work on complementary efforts, as they see fit. Our teams would coordinate via the PMs.

We actually specialize in getting into really messed up multi-million dollar projects/situations and getting a handle on them. I can point to several examples, with large hospital chains, commercial banks, etc. I have made all of these recommendations earlier, but it fell on deaf ears. I am bringing this up again now because I look at where this project is at, and straightening things out is something that could easily be handled with the right approach. We should have a bitcoin expert on the team, but beyond that, we can utilize developers with more commodity skillsets, since they will be building on standard interfaces such as JSON-RPC and SQL. We deal with this stuff every day, day in and day out.

What do we get out of it?

As part of doing this, we would commit to at least 6 months to 1 year of working on Mastercoin, and, upon the condition of this period being fulfilled, as well as multiple established milestones set by the community being reached during that period, our group would be entitled to some amount of MSC (and possibly BTC) from the dev MSC fund and/or JR as a reward. Depending on where things are at after this period, we can continue to move things along for much more modest pay, or collect our check and transition out of it -into the Mastercoin's foundations own dev teams and/or the community development community (which will be much more mature by that time, no doubt).

If there are any 3rd party devs on our team, a similar deal could be set up with them.

According to this link: http://mastercoin-explorer.com/addresses/15WrQhYhHts7jTMoGJ9rDCD12JuCTKy7MM

JR received around 53,000 mastercoins as a bonus alone (which, in itself is controversial to some members of the community – given he controlled the wallet he sent the funds to and thus had an arguably lower risk). Moreover, the Mastercoin dev fund will have 50-something thousand vesting on top of that. There is both ample Mastercoin and bitcoin here to carry this out and ensure that that Mastercoin retains and grows value in the long run. JR will still have way too many mastercoins (Wink) and the community gets a solid effort with a good chance of success.

As entrepreneurs, we are motivated by upside. This is risky, and I am potentially putting the health of my company up for grabs because I so believe in this idea. Thus, I want a large upside.


Benefits

The benefit from the community is clear:

  • A dedicated dev team backed by individuals with proven experience is immediately formed
  • The team quickly moves forward on keeping Mastercoin’s first-mover advantage
  • If the team does not perform, it does not get paid
  • The risk to the community is quite low (definitely much lower than the alternative of doing nothing)
  • The community retains say over the order of features implemented, and the general development direction of Mastercoin

At the right time (i.e. if the board is interested in this proposal), I would be open to naming my company, and allowing the community to look us up.

-Robby


Nxter,Bitcoiner,Ether highlevel developer working to improve the world.
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November 30, 2013, 06:00:11 PM
 #2386

Quote
completely off the internet evenings, weekends, and vacations

Yes this is a little concerning. It seems like there's a lot of "well we'll see what JR says on this," yet answering questions or dealing with mastercoin is clearly not a priority of his. I'm not blaming the man at all...it's understandable if he has other priorities like family. But I think it creates a lot of uncertainty amongst investors when he's perpetually in this state of limbo, where we don't know ultimately what his contribution to the project will be.

If Rob's business is what he says it is then it seems like those resources would be crucial to staying ahead of the competition and getting the project off the ground. Hell, what's to stop him from starting mastercoin 2 and leveraging all the human capital to which he already has access?

Not an Alt-Coin: Mastercoin! A new protocol layer on top of bitcoin. (https://bitcointalk.org/index.php?topic=265488.0Mastercoin)
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November 30, 2013, 06:24:25 PM
 #2387

lets get robby on board,
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November 30, 2013, 06:47:22 PM
 #2388

Yes this is a little concerning. It seems like there's a lot of "well we'll see what JR says on this," yet answering questions or dealing with mastercoin is clearly not a priority of his.

Mastercoin is a priority of his.  Providing answers to foolish internet trolls who think they are due an explanation because they invested their entire allowance this week on Mastercoin - isn't a priority of his.  The reason you all can be sure JR is a stand up guy taking thing seriously, is because he is not in an internet forum providing answers to dumb asses.  That is precisely why I am very worried about this Johnson character who seems like a total rookie getting in a shit slinging fight with Killerstorm - the shithead who started all of this because his Colored Coins isn't as popular as Mastercoin. 

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November 30, 2013, 06:52:04 PM
 #2389

lets get robby on board,

I've asked the board twice today. Time please.

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November 30, 2013, 07:17:51 PM
 #2390

Yes this is a little concerning. It seems like there's a lot of "well we'll see what JR says on this," yet answering questions or dealing with mastercoin is clearly not a priority of his.

Mastercoin is a priority of his.  Providing answers to foolish internet trolls who think they are due an explanation because they invested their entire allowance this week on Mastercoin - isn't a priority of his.  The reason you all can be sure JR is a stand up guy taking thing seriously, is because he is not in an internet forum providing answers to dumb asses.  That is precisely why I am very worried about this Johnson character who seems like a total rookie getting in a shit slinging fight with Killerstorm - the shithead who started all of this because his Colored Coins isn't as popular as Mastercoin. 

The man said himself, he's off the internet evenings, weekends, and vacations. The rest of the time he has a full time job. How does that equate to mastercoin being a priority? Let's be honest here.

The questions being asked are legitimate regardless of how much someone invested. If you're saying that JR or other board members shouldn't be obligated to engage every single person leaving comments on a mastercoin thread then of course I agree, they'd never be able to get anything else done. But by leaving such an incredibly arrogant and condescending comment you are alienating the masses of MSC investors who are crucial to your success.

Quote
the shithead who started all of this because his Colored Coins isn't as popular as Mastercoin.

Popular? I'm more worried about long term viability. There's a lot of competition out there. All emotional spats aside, the BTC is going to flow to the project that out competes others and has a promising future.

Not an Alt-Coin: Mastercoin! A new protocol layer on top of bitcoin. (https://bitcointalk.org/index.php?topic=265488.0Mastercoin)
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November 30, 2013, 08:07:09 PM
 #2391

FYI I've sent a message to Robby asking when he is available to talk.

I've given him all my contact info and asked for him to give me a ring. I gave him my earlier in an email thread, but maybe he missed that note.

I've given him my calendar link so he can book my schedule if he wants.

I'm really excited about what he is doing, as I've stated before and I'm sure the Foundation will want to support his efforts, I haven't heard any objections from anyone.

You guys know if you want to add a bounty you can do so on the Trello board right?

Ron isn't the only one that gets to post there, its for the whole community.

https://trello.com/mastercoin

Talk to you soon Robby : )

“The state is that great fiction by which everyone tries to live at the expense of everyone else.” ― Frédéric Bastiat
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November 30, 2013, 08:20:07 PM
 #2392

This is a multi-million dollar project, and here everyone is bickering and complaining for the last 6 pages in this thread. How about we spend less time pointing fingers and more time coming up with a solution?
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November 30, 2013, 08:22:11 PM
 #2393

Ok, so I've read all the messages on the thread and I HEAR YOU GUYS.

I heard you so load and clear that I stayed up until 6 a.m. last night and hacked together something I think is sorely needed for the Mastercoin project.

Let me present to you the new MastercoinFoundation.org website.
http://www.mastercoinfoundation.org/

Want to get involved in the Mastercoin project or engage the Foundation? Then this is your hub of information for how to do it.

Want to add a bounty?
The Trello link is there: https://trello.com/mastercoin

Want to check the Role Based Bounty list or suggest someone?
The Google Doc link is there: https://docs.google.com/spreadsheet/ccc?key=0AosWigpBxkwZdHhBaUtTZV9MWUpMVWV6U3VJV1RPbmc&usp=sharing

Want to check the Mastercoin Dev MSC Ledger?
The Google Doc link is there: https://docs.google.com/spreadsheet/ccc?key=0AtCyUJvk_IyNdGpVcnpBN2tOczFmbVRnck5TWjZuRFE&usp=sharing

Want to know all the funding authorization levels of the Foundation work?
The Google Doc link is there: https://docs.google.com/document/d/1D5_fX3kiE0FyjmZt6p2r_UZe4cdmu9Vb4eAMVpZUxk0/edit?usp=sharing

Want to see a consolidated list of the Mastercoin Bounties, links, and their funding amount?
The Google Doc link is there:
https://docs.google.com/spreadsheet/ccc?key=0Au4jU8zZGkl6dGExaXlvVGc3c1M1bUtWVnM1bzhCc2c&usp=sharing

Want to know what the Dev Generation Rate is?
The Google Doc link is there: https://docs.google.com/spreadsheet/ccc?key=0AmR_eSvAkuXSdDI3Y1JnVjFvUDBXOWZiZl8zZ2Rkamc&usp=sharing

Want to check the latest paid bounties and expenses for the Mastercoin Foundation?
The Google Doc link is there: https://docs.google.com/spreadsheet/ccc?key=0AtCyUJvk_IyNdGpVcnpBN2tOczFmbVRnck5TWjZuRFE&usp=sharing

What to know the history of Mastercoin?
The link is there: https://docs.google.com/document/d/1Qklj8K7V3lgtXQRr4w7cqbunEfZUNMcoybNFocx3voA/edit?usp=sharing

Want to contact a Board Member?
I've linked all their Linkedin profiles (to their picture) and added Bitcointalk names for those I know.
David Johnston - Board Member
Ron Gross - Executive Director
J.R. Willett - The Protocol Guy
Sam Yilmaz - Board Member
Jonathan Yantis - Board Member
Brock Pierce - Board Member
Antony Vo - Board Member

Want to contact a Team Member?
I've linked all their Linkedin profiles (to their picture) and added Bitcointalk names for those I know.
Taariq Lewis - Smart Property Lead
Dominik Zynis - Communications Lead
Michael Terpin - Media Lead
Matt Elias - Legal / Regulatory Advisor Search Lead
Aric Fedida - Forums, Email, All Around IT Lead
Nikos Bentenitis - Mastercoin Education Lead
Bo Shen - China / International Lead

Want to contact the whole team directly?
There is a contact us box that goes directly to all of our emails.

Have a Mastercoin "emergency"?
Then I've even listed my phone number that goes directly to my cell and the link to my schedule if its not an emergency.
"Please feel free to contact us if you are interested in working with the foundation. Have an emergency or something really really urgent? Here is the personal phone number of David A. Johnston: 443-285-9111
If it is not an emergency here is the link to his calendar: Meetme.so/DavidJohnston or if you prefer Skype: DavidAJohnstonCEO is his username."

Want to follow along on social media?
The links to Facebook and Twitter are there:
https://www.facebook.com/mastercoinfoundation
https://twitter.com/MSCProtocol

Hopefully access to all of this information and more direct access to the people you want to talk with to get things done, will be extremely helpful with removing the Foundation at as bottle neck.

Didn't see a resource on the list you wanted to see? Just PM me and I'll see what I can do to get it up there.

Also PLEASE feel free to create your own community content such as a Google Doc with a list of candidates for the next Board Election and I'll be more than happy to post it on the website : )

David A. Johnston Board Member


“The state is that great fiction by which everyone tries to live at the expense of everyone else.” ― Frédéric Bastiat
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November 30, 2013, 08:50:37 PM
 #2394

Thanks. I for one appreciate the time you spent putting this together. Great work! Smiley

spotted a typo here on this line (Im sure you were boggle eyed tired!)
All budget items, board minutes, Dev MSC vesting schedule, and bounties are pulbic record and available to anyone.
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November 30, 2013, 08:52:45 PM
 #2395

Good work Djohnston,
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November 30, 2013, 09:04:47 PM
 #2396

Thanks guys.

And thanks for the spelling correction. I've fixed it : )

If you find other stuff let me know.

“The state is that great fiction by which everyone tries to live at the expense of everyone else.” ― Frédéric Bastiat
rbdrbd
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November 30, 2013, 09:26:40 PM
 #2397

David, this is a good start! Thanks for the website updates, and adding in the additional resources.

Beyond this, the main failings of this project (as I see it) is how it's currently organized. Here's what else I would suggest:

* The board needs to be run like an executive committee. This means that each individual has a title, e.g. CTO, CEO, CFO, VP of Partnerships, etc. with clearly defined responsibilities. This allows for very clear lines of delineation of responsibility, and prevents people "hiding" behind some generic "Board Member" title. If I'm the CTO and the project is lacking clear technology leadership, it will show, and the fingers will be pointing at me. For the given role the member has, they need to be seen as the "captain" of that ship. By this I mean, that even though the captain may have a boss in the admiral, the captain is boss of his ship, and if an admiral gets on a captain's ship, it's still the captain calling the shots (while the admiral controls the overall strategy). If you have muddy rules and roles, problems in the human organization are hard to isolate and fix. This sets the stage for mediocrity.

* Consider compensating board members in MSC for accomplishing set quarterly goals and objectives, based on the community's perception of their performance. Not everyone in this community is a "bitcoin millionaire" yet. Cheesy... That will help us better find the most motivated people, and really get them involved. That will also ensure this group stays beholden and reasonably responsive to the community.

* As some others have brought up, let's move from this provisional board to a permanent board. Let's hold new board elections, and have the best and brightest apply. The community votes. As you know, this is exactly how it works in corporations as well, with the stockholders voting in the board of directors. Board seats should last 6 months maybe at first, since this project moves so fast, before a new re-election. (Maybe this could be boosted to a year after the first few years.)

* Speaking of executive committee, this project NEEDS a CTO. That is the huge sore thumb with Mastercoin at this time. The project needs someone experienced with technology to decide and execute over the technology direction. This person needs to be given latitude to accomplish the implementation and feature goals set forth in the high-level strategy, in the way that their judgement and experience (and rough community consensus) deems best. (I am not convinced I would be the best person for this position BTW, so this is not about me tooting my own horn. I believe there may very well be others more suited than I am -- I have the leadership experience, but my bitcoin technical experience is lacking.)

* This one will no doubt be controversial, but I'd at least like us to entertain discussing JR's horde of Mastercoins. He did buy them fair and square, but there are those 50-some thousand he got as a bonus. That kind of irks me, because as an exodus investor, one of my main risks was sending my bitcoin to someone I didn't know at all. JR did not have that risk, as he managed the fund. Thus his risk was much less. My view is that he does not deserve most or all of that bonus, due to his significantly reduced risk.

Beyond that, there is the issue of his participation in this project. I'm not calling for a socialist-style redistribution of wealth, just saying that if I'm going to work my ass off on this thing, it won't be so that JR can sit around and become a trillionaire. I think I'd feel differently if he was in here working his butt off along side us, but he's not. His current holdings makes a huge liability, as he essentially controls the market. Him stepping up and using a good chunk of that bonus money towards incentivizing this group towards meeting pre-defined goals would go a huge way, and would ensure that he wasn't sitting on a pile of 153,000 or so beanie babies a year down the road (as 100,000 MSC at 1:1 BTC sounds a lot better than 153,000 beanie babies).

-Robby
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November 30, 2013, 10:26:42 PM
 #2398

Beyond that, there is the issue of his participation in this project. I'm not calling for a socialist-style redistribution of wealth, just saying that if I'm going to work my ass off on this thing, it won't be so that JR can sit around and become a trillionaire. I think I'd feel differently if he was in here working his butt off along side us, but he's not. His current holdings makes a huge liability,
-Robby
You are a fucking idiot Robby.  I really hope they don't let you speak another minute.  JR paid for his shares the same amount that I did and everyone else did.  He bought them - under identical terms as he offered them to you and everyone else.  However, he believed in the project more than you - so he bought more shares than you.  Now you come in at this late date and start telling everyone how things ought to be run?  I hope they run you out of town.  You've got nothing this project needs.  

Beyond this, the main failings of this project (as I see it) is how it's currently organized. Here's what else I would suggest:
-Robby
Swinging your big dick around telling everyone how they are messing up - isn't helping anything.  You are clearly a chump with an ax to grind.  Don't grind it here.

that JR can become a trillionaire.
This is the only part you got right.  I hope you won't be joining us with the shit attitude you have. 

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November 30, 2013, 10:38:13 PM
 #2399

Dacoinminister does deserve those mastercoins as he created the white paper and started this project. He bought them fair and square like everyone else, and the reason he had an 'unfair advantage' is because he created the project. So thats where the 'unfair advantage due to risk' is cancelled out. However we do need someone like Robby involved, as controversial as he might be, he can add alot to the future success of mastercoin. Everyone's entitled to their own opinion, that may be his opinion, however i get the impression Robby does want mastercoin succeed as much as we all do. I personally think JR should contribute some of his holdings towards mastercoin. Thats not to say he doesn't deserve him, as he entirely does, it is to say that he should contribute a portion of his mastercoin towards the mastercoin project so his remaining holdings is worth more, which makes sense. This would only be due to the fact he has such a large stake in mastercoin that he should drive it with his own holdings more than anyone else. But of course JR willet is free to do what he likes. I hope Robby does come on board, i think he has the right attitude.
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November 30, 2013, 10:46:52 PM
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Dacoinminister does deserve those mastercoins as he created the white paper and started this project. He bought them fair and square like everyone else, and the reason he had an 'unfair advantage' is because he created the project.
Yeah, when was the last time you saw an entrepreneur start a company - and then buy shares at the same price as all the initial other investors?  Now, Robby comes late, wants to tell everyone what is wrong with the project, and complain that JR was unfair.  I am sure that guy isn't right for this project.  He needs to go away.  Probably go away fast is better.  

First thing he does is pick a fight about how unfair JR is with his holdings.  Hey Robby, what did you create out of whole cloth?  Nothing.  You've managed to keep 100% of your nothing I see.  JR made a great invention and shared it generously.  Now you want to tell him how to distribute his money?  - to you?  Hahahahaha.  

He will be nothing but problems down the road.  

Go talk to your buddy Meni - I hear those guys at Coloured Coins could really use a guy like you. 
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