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Author Topic: MasterCoin: New Protocol Layer Starting From “The Exodus Address”  (Read 446770 times)
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Herp
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March 21, 2014, 11:58:36 AM
 #3241

In case some of you missed it:

http://www.youtube.com/watch?v=9nMUafL3cN4


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March 21, 2014, 01:32:33 PM
 #3242

to close the gap - does anyone has a clue why both xcp and msc are so little demanded? too early? no pumping possible? I do not know exactly for msc but xcp is also traded in bulks outside exchanges, but comparing the amount traded per day is for both extremely low

or is it simply the market structure with all coins already in existence?

Yeah I'm also corious of this when dacoinmaster wanted to sell for a total of $1.5M there were apperantly huge demand. And after that was over price just dropped because no one is buying?

 

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March 21, 2014, 03:19:28 PM
 #3243

You wonderful angry nerds are all asking the wrong questions.


The real issue at hand here between counterparty and mastercoin is who has the bigger Dick.  Shocked


Did all you counterparty people come over here to tell the mastercoin thread how big your dick is, or did you come over here to be a dick?

It's not the size that counts but how you use it. Lol



Mastercoin wants counterparty to succeed, and if you do make a cool feature, then we will steal borrow it.
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March 21, 2014, 07:11:50 PM
 #3244

Quote from: https://bitcointalk.org/index.php?topic=292628.msg5795861#msg5795861

Quote
If the specification is accurate it also follows that, because there is no implementation that recognizes Class B transactions with P2SH outputs to uncompressed public keys as invalid, no implementation can be trusted to display the correct mastercoin balance of an address.

Further, a significant sum of bitcoin has been unknowingly traded with parties which may not even know how much mastercoin they have. Given the possibility that this party has a mastercoin balance to cover the trade, there's no guarantee that it was actually sent to the buyer.

It's really tragic for mastercoin if the spec is accurate, because the loss of bitcoin in invalid mastercoin transactions cannot be recovered, and every single wallet/implementation is useless as a method of sending, receiving, trading, or otherwise interacting with the mastercoin network.

What does this mean? Is there now a possibility mastercoins bought from exchanges / users are not valid?

Mastercoin balances can be trusted. Our friend appears to have some complaints that some of our bitcoin outputs are (temporarily) unspendable, but I haven't seen any evidence of a way to get a Master Protocol client to display an incorrect balance.

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March 22, 2014, 02:11:15 AM
 #3245

In case some of you missed it:

http://www.youtube.com/watch?v=9nMUafL3cN4

In case you have missed something about MSC and XCP situation on bitcoin blockchain, please read about last 15 page of Counterparty topic. I think we are mostly in same boat.
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March 22, 2014, 01:35:23 PM
 #3246

Is Mastercoin on any exchanges?
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March 22, 2014, 01:41:08 PM
 #3247

Is Mastercoin on any exchanges?

https://masterxchange.com/ or you buy directly using the decentralized exchange built into the wallets http://www.mastercoinwallets.org/


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March 23, 2014, 02:11:01 AM
 #3248

Any comments from developers about Mastercoin and OP_RETURN changes? Can you fix mastercoin code working perfectly without that and how long it takes?

I dumped my last msc:s, this looks like can hit really hard to mastercoin price. When looking msc past development time. Here is coming so slowly project make mastercoin again working like orginally plan was that im not in anymore  Sad
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March 23, 2014, 02:49:13 PM
 #3249

Any comments from developers about Mastercoin and OP_RETURN changes? Can you fix mastercoin code working perfectly without that and how long it takes?

I dumped my last msc:s, this looks like can hit really hard to mastercoin price. When looking msc past development time. Here is coming so slowly project make mastercoin again working like orginally plan was that im not in anymore  Sad

I am sure i read that mastercoin had already forseen this and already have plans

It would be good to hear from a MSC dev about this matter
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March 23, 2014, 08:38:51 PM
 #3250

Any comments from developers about Mastercoin and OP_RETURN changes? Can you fix mastercoin code working perfectly without that and how long it takes?

Neither with 80 nor 40 byte OP_RETURN was useful to store MSC data because of it's limited length. The Bitcoin core devs were furthermore discussing to drop multisig transactions in their current form as standard transaction type. The MSC devs are acting proactive and are working on a new encoding scheme right now. I see it very positive, because this will yield something even more sophisticated.

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March 23, 2014, 10:50:14 PM
 #3251

Any comments from developers about Mastercoin and OP_RETURN changes? Can you fix mastercoin code working perfectly without that and how long it takes?

Neither with 80 nor 40 byte OP_RETURN was useful to store MSC data because of it's limited length. The Bitcoin core devs were furthermore discussing to drop multisig transactions in their current form as standard transaction type. The MSC devs are acting proactive and are working on a new encoding scheme right now. I see it very positive, because this will yield something even more sophisticated.

Until we hear from them we have to assume seizure of service as soon as the Bitcoin devs do act upon MSC's vital Bitcoin functionalities and probably a couple of months until plan B for Mastercoin has been worked out and tested.
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March 24, 2014, 03:47:47 AM
 #3252

Any comments from developers about Mastercoin and OP_RETURN changes? Can you fix mastercoin code working perfectly without that and how long it takes?

Neither with 80 nor 40 byte OP_RETURN was useful to store MSC data because of it's limited length. The Bitcoin core devs were furthermore discussing to drop multisig transactions in their current form as standard transaction type. The MSC devs are acting proactive and are working on a new encoding scheme right now. I see it very positive, because this will yield something even more sophisticated.

Until we hear from them we have to assume seizure of service as soon as the Bitcoin devs do act upon MSC's vital Bitcoin functionalities and probably a couple of months until plan B for Mastercoin has been worked out and tested.

This sounds bad if developer have already cashed out him coins and everyone know about really slowly development speed and then even no any comments about this case... We know this is really big problem the coin when looks like bitcoin core team attack against MSC and XCP.
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March 24, 2014, 04:10:26 AM
 #3253

This sounds bad if developer have already cashed out him coins and everyone know about really slowly development speed and then even no any comments about this case... We know this is really big problem the coin when looks like bitcoin core team attack against MSC and XCP.

I kinda disagree. Mastercoin data is currently encoded within multisig outputs and the size reduction of OP_RETURN wasn't an issue in the first place.

The proposal to get rid of multisig transactions in the current form altogether is a huge step and nothing that is done within a day.

But even if they dare to push this through it actually doesn't take much to adapt: Mastercoin transaction data is separated from the encoding and transportation layer.

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March 24, 2014, 09:44:04 AM
 #3254

Any comments from developers about Mastercoin and OP_RETURN changes? Can you fix mastercoin code working perfectly without that and how long it takes?

Neither with 80 nor 40 byte OP_RETURN was useful to store MSC data because of it's limited length. The Bitcoin core devs were furthermore discussing to drop multisig transactions in their current form as standard transaction type. The MSC devs are acting proactive and are working on a new encoding scheme right now. I see it very positive, because this will yield something even more sophisticated.

Until we hear from them we have to assume seizure of service as soon as the Bitcoin devs do act upon MSC's vital Bitcoin functionalities and probably a couple of months until plan B for Mastercoin has been worked out and tested.

This sounds bad if developer have already cashed out him coins and everyone know about really slowly development speed and then even no any comments about this case... We know this is really big problem the coin when looks like bitcoin core team attack against MSC and XCP.

No they didn't attack MSC and XCP. They just don't want OP-Return being used for anything other than hashes. Mastercoin doesn't currently use OP_Return so I'm not sure how anyone can assume seizure of the service.
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March 24, 2014, 11:13:48 AM
 #3255

Any comments from developers about Mastercoin and OP_RETURN changes? Can you fix mastercoin code working perfectly without that and how long it takes?

Neither with 80 nor 40 byte OP_RETURN was useful to store MSC data because of it's limited length. The Bitcoin core devs were furthermore discussing to drop multisig transactions in their current form as standard transaction type. The MSC devs are acting proactive and are working on a new encoding scheme right now. I see it very positive, because this will yield something even more sophisticated.

Until we hear from them we have to assume seizure of service as soon as the Bitcoin devs do act upon MSC's vital Bitcoin functionalities and probably a couple of months until plan B for Mastercoin has been worked out and tested.

This sounds bad if developer have already cashed out him coins and everyone know about really slowly development speed and then even no any comments about this case... We know this is really big problem the coin when looks like bitcoin core team attack against MSC and XCP.

No they didn't attack MSC and XCP. They just don't want OP-Return being used for anything other than hashes. Mastercoin doesn't currently use OP_Return so I'm not sure how anyone can assume seizure of the service.

What are they using then. CheckMultiSig? Bitcoin dev. like that option even less.
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March 24, 2014, 03:01:09 PM
 #3256

Any comments from developers about Mastercoin and OP_RETURN changes? Can you fix mastercoin code working perfectly without that and how long it takes?

Neither with 80 nor 40 byte OP_RETURN was useful to store MSC data because of it's limited length. The Bitcoin core devs were furthermore discussing to drop multisig transactions in their current form as standard transaction type. The MSC devs are acting proactive and are working on a new encoding scheme right now. I see it very positive, because this will yield something even more sophisticated.

Until we hear from them we have to assume seizure of service as soon as the Bitcoin devs do act upon MSC's vital Bitcoin functionalities and probably a couple of months until plan B for Mastercoin has been worked out and tested.

This sounds bad if developer have already cashed out him coins and everyone know about really slowly development speed and then even no any comments about this case... We know this is really big problem the coin when looks like bitcoin core team attack against MSC and XCP.

No they didn't attack MSC and XCP. They just don't want OP-Return being used for anything other than hashes. Mastercoin doesn't currently use OP_Return so I'm not sure how anyone can assume seizure of the service.

What are they using then. CheckMultiSig? Bitcoin dev. like that option even less.

Dominik Ży :I got more information on this. As it turns out op_return and multisig have NOT been removed. Only one or two developers want to deprecate certain types of multisig transaction.
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March 24, 2014, 03:57:12 PM
 #3257

Any comments from developers about Mastercoin and OP_RETURN changes? Can you fix mastercoin code working perfectly without that and how long it takes?

Neither with 80 nor 40 byte OP_RETURN was useful to store MSC data because of it's limited length. The Bitcoin core devs were furthermore discussing to drop multisig transactions in their current form as standard transaction type. The MSC devs are acting proactive and are working on a new encoding scheme right now. I see it very positive, because this will yield something even more sophisticated.

Until we hear from them we have to assume seizure of service as soon as the Bitcoin devs do act upon MSC's vital Bitcoin functionalities and probably a couple of months until plan B for Mastercoin has been worked out and tested.

This sounds bad if developer have already cashed out him coins and everyone know about really slowly development speed and then even no any comments about this case... We know this is really big problem the coin when looks like bitcoin core team attack against MSC and XCP.

No they didn't attack MSC and XCP. They just don't want OP-Return being used for anything other than hashes. Mastercoin doesn't currently use OP_Return so I'm not sure how anyone can assume seizure of the service.

What are they using then. CheckMultiSig? Bitcoin dev. like that option even less.

Dominik Ży :I got more information on this. As it turns out op_return and multisig have NOT been removed. Only one or two developers want to deprecate certain types of multisig transaction.

I see. Thank you!
So same problem and solution as Counterparty, i guess?
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March 25, 2014, 08:24:22 AM
 #3258

Calling Counterparty a "copycat" is calling it as it is. They've copied Mastercoin down to smallest details and Mastercoin's idea of using BTC blockchain.

Counterparty is not anonymous.  Everyone knows it is being built by 'Robby' - https://bitcointalk.org/index.php?action=profile;u=102837

You can check precisely from where the whole thing started: https://bitcointalk.org/index.php?topic=265488.msg3822194;topicseen#msg3822194 

Robby wanted to join Mastercoin and he started telling everyone how they suck and he is an experienced professional who has done many big projects.  Mastercoin didn't get impressed with Robby's 'big swinging dick' attitude - so they told him "No thanks".  So Robby went off and did his own thing: CounterParty.  Robby built something nice.  However, the Mastercoin infrastructure is much more than Robby's fast programming ability.  Mastercoin is a community of dedicated hard working guys who COOPERATE together.  Robby is a single dominant personality who wants to take over and tell others who don't agree with him - they suck. 

We'll see which holds up.  Robby's work is no doubt nice.  But Robby is not a community of cooperating parts.  Counterparty will copy Mastercoin and every step - in some places, CP will even look better.  But CP will not be able to pass MSC as CP is mere a one man show with loads of coding skill. 

It is a shame really.  Mastercoin could have used contributions from Robby.  But his dumb-ass personality got in the way.   He isn't the kind of guy who cooperates with others.  'My way or the highway'.  So - he took the highway.  Bye-bye robby.

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March 25, 2014, 11:28:11 AM
 #3259

Calling Counterparty a "copycat" is calling it as it is. They've copied Mastercoin down to smallest details and Mastercoin's idea of using BTC blockchain.

Counterparty is not anonymous.  Everyone knows it is being built by 'Robby' - https://bitcointalk.org/index.php?action=profile;u=102837

You can check precisely from where the whole thing started: https://bitcointalk.org/index.php?topic=265488.msg3822194;topicseen#msg3822194 

Do you know who "Robby" actually is? Can you put a name to "Robby"? Also, who are the other people behind the project? I believe there are 2 guys at least.


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[E]ncrypted & secure
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March 25, 2014, 11:54:19 AM
 #3260

Calling Counterparty a "copycat" is calling it as it is. They've copied Mastercoin down to smallest details and Mastercoin's idea of using BTC blockchain.

Counterparty is not anonymous.  Everyone knows it is being built by 'Robby' - https://bitcointalk.org/index.php?action=profile;u=102837

You can check precisely from where the whole thing started: https://bitcointalk.org/index.php?topic=265488.msg3822194;topicseen#msg3822194  

Do you know who "Robby" actually is? Can you put a name to "Robby"? Also, who are the other people behind the project? I believe there are 2 guys at least.

Robby Dermody, an individual many of us highly and humbly respect. I wish we could've worked closer than we did with him. I'm still open to do so and talked to Craig about it a month or two back I think. I fear that barriers have been drawn however. Whether or not they can/will be transcended is unknown to me at this point in time.

Herp, while I love the enthusiasm for the project, your brash, hostile defensiveness on this thread is not doing MasterProtocol's image any favors. In fact, your behavior on this thread is quite inflammatory and something I cannot support because it also creates dissonance within our own efforts and drives people away, despite however good your intentions may be. Risking being pedantic, please read what you write before posting and perceive how such writing may be perceived by others. We're all working together here, we all live in the same Yellow Submarine. Let's be a little more friendly, no?

For the record, neither bitcointalk user Herp nor anyone else not officially representing and working specifically with the Mastercoin Foundation reflect the Foundation's viewpoints and positions.

Thank you for your understanding,
Yours,
Antony

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API FOR YOUR
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