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

[DGulari]

What unit will be for the coming wallet,   MSC or mMSC ?

This is a very interesting question.  In Vegas, someone took the time to explain that 'Bitcoin' was the network and protocols and community of participants - while 'bitcoin' was a unit of account.  That is, 'bitcoin/Bitcoin' are actually two different things.  

Now we are faced with the notion of 'millibitcoin'.  Those who are not computer nerds hate things like 'milli', 'micro', 'nano'.  While scientific notation makes most of us squirm and giggle in our seats with great joy, it is a pain in the ass to real people.  

Mastercoin is the protocol and community as far as I am concerned.  I'd even be delighted if we had no currency.  Let bitcoin be the currency.  It is a good currency.  We don't need another one.  But we do have to name the unit of account of Mastercoin.  Mastercoin is a very dumb name.  That is the name of the system.  Lets give the unit of account for the Mastercoin system a distinct name.  

Bitcoin will forever fuss about with millis and mBits, and so forth.  It is a serious impediment for the simpletons to understand.  Without a good nickname, the unit of account is hard to understand.  

[td services]

Could someone please remove buymastercoin.com from the mastercoin.org website? Buymastercoin.com has been a continued source of complaints and is damaging the credibility of Mastercoin, https://bitcointalk.org/index.php?topic=287145.2400 .

Strangely enough, we just changed that link to point to a wiki page instead with a list of brokers  (http://wiki.mastercoin.org/index.php/Buying_and_selling_Mastercoin), now that there are two (btc-market.net is the other one). Note that the change to the webpage seems to be propogating slowly across various caches.

Thanks. This is a much better way to handle it, like Bitcoin.org's link to a separate page with a list of vendors and clearly no endorsement of any of them.

[prophetx]

the documentation contest is complete, thanks for all the hard work everyone!

there are a few people who still haven't submitted their btc address and email.  if this is your trello username, please post on the left most trello card so we can wrap this up.

thanks again and great job, we have over 50 pages and 50+ FAQ items!

https://docs.google.com/spreadsheet/ccc?key=0AjAYAEsUDop2dENDc2tqNVR2RUIybTFEVTJFVjVadXc&usp=drive_web#gid=0

https://trello.com/b/5lolIlqc/documentation-contest-1

need btc and email address for:

@jakecunning
@jamesknight313
@fordlincoln
@michaelbulkley

need emails for

@assafshomer
@wes14

need btc address for
@rolandkofler

the payment amounts in btc will be pegged to a certain date, once I get confirmation from JR when the payment date will happen.

[prophetx]

anyone familiar with wikipedia and how to get this page to have something on it

http://en.wikipedia.org/wiki/Mastercoin

thanks!

[td services]

anyone familiar with wikipedia and how to get this page to have something on it

http://en.wikipedia.org/wiki/Mastercoin

thanks!

Create an account at http://en.wikipedia.org/w/index.php?title=Special:UserLogin&returnto=Mastercoin&type=signup , then add content via the Wikipedia web based editor.

[crazy_rabbit]

At Bitcoin conference, two 'gurus' draw a crowd

http://www.usatoday.com/story/tech/2013/12/11/the-bitcoin-world-has-its-own-brand-of-gurus/3987573/

Mastercoin Foundation, Bitshares and ColoredCoins Form Self-Regulatory Organization to Ensure Continued Free Operation of New Bitcoin Applications and Protocols

http://sg.finance.yahoo.com/news/mastercoin-foundation-bitshares-coloredcoins-form-160000194.html

I didn't think we were in fear of being locked out of the Bitcoin ecosystem.

[prophetx]

At Bitcoin conference, two 'gurus' draw a crowd

http://www.usatoday.com/story/tech/2013/12/11/the-bitcoin-world-has-its-own-brand-of-gurus/3987573/

Mastercoin Foundation, Bitshares and ColoredCoins Form Self-Regulatory Organization to Ensure Continued Free Operation of New Bitcoin Applications and Protocols

http://sg.finance.yahoo.com/news/mastercoin-foundation-bitshares-coloredcoins-form-160000194.html

I didn't think we were in fear of being locked out of the Bitcoin ecosystem.

huh?  those articles have nothing to do with that

[prophetx]

anyone familiar with wikipedia and how to get this page to have something on it

http://en.wikipedia.org/wiki/Mastercoin

thanks!

Create an account at http://en.wikipedia.org/w/index.php?title=Special:UserLogin&returnto=Mastercoin&type=signup , then add content via the Wikipedia web based editor.

Looks like Nikos B. will take care of it.

[prophetx]

the documentation contest is complete, thanks for all the hard work everyone!

there are a few people who still haven't submitted their btc address and email.  if this is your trello username, please post on the left most trello card so we can wrap this up.

thanks again and great job, we have over 50 pages and 50+ FAQ items!

https://docs.google.com/spreadsheet/ccc?key=0AjAYAEsUDop2dENDc2tqNVR2RUIybTFEVTJFVjVadXc&usp=drive_web#gid=0

https://trello.com/b/5lolIlqc/documentation-contest-1

need btc and email address for:

@jakecunning
@jamesknight313
@fordlincoln
@michaelbulkley

need emails for

@assafshomer
@wes14

need btc address for
@rolandkofler

the payment amounts in btc will be pegged to a certain date, once I get confirmation from JR when the payment date will happen.

still missing

need btc and email address for:

@jamesknight313
@fordlincoln
@michaelbulkley

need email for

@assafshomer

[prophetx]

has anyone used masterchain.info to do a send?

https://masterchain.info/Address.html?addr=12xdMh16KkH34YKbzoPZmn5Ai6i3jzfVwX&currency=MSC

[drdops]

just spotted an alt coin trading on cryptsy against litecoin as MasterCoin (MST). Im presuming its completely unrelated? seems confusing or is that the intent?

[dacoinminster]

I will be on vacation (offline and unreachable) tomorrow 12/21 through Sunday 1/5. I'll be back on 1/6, but it will probably take me several days to get caught up on email.

In the event of an emergency board vote or similar issue, Ron and David have my phone number. Otherwise, you probably won't hear a peep from me. That is, if I have the self control to stay away from this project which I love so much and focus on my family as I hope to do! If I do have time to work on Mastercoin, I have some changes to make to the spec for Contracts-for-Difference which should keep me busy.

We have several expenses queued up, and there will be a few more. I plan to pay all of them on 1/1 when I get online briefly to do payroll for our Role-based Bounty people (currently Taariq and Dominik, but soon to be a lot more). You can see approved expenses here: https://docs.google.com/spreadsheet/ccc?key=0AtCyUJvk_IyNdGpVcnpBN2tOczFmbVRnck5TWjZuRFE&usp=sharing#gid=0

Thankfully, this decentralized project doesn't need me at all. The next couple weeks will be good practice for if I die unexpectedly

[tlewis]

just spotted an alt coin trading on cryptsy against litecoin as MasterCoin (MST). Im presuming its completely unrelated? seems confusing or is that the intent?

That's another Mastercoin (MST) that was launched over the summer https://bitcointalk.org/index.php?topic=242406.0

It's not MSC, which is the Mastercoin Protocol

[jakecnn]

When can we expect dev mastercoins to be payed out? (For example for the documentation contest)

[TKeenan]

just spotted an alt coin trading on cryptsy against litecoin as MasterCoin (MST). Im presuming its completely unrelated? seems confusing or is that the intent?

That's another Mastercoin (MST) that was launched over the summer https://bitcointalk.org/index.php?topic=242406.0

It's not MSC, which is the Mastercoin Protocol

How many more thousands of times are we going to have to give people this explanation?  Shouldn't we just change the name? 

I hate alt cryptos that end in 'coin' anyway.  What a dumb name.  Although I hate 'Ripple' at least they weren't so foolish to adopt another 'coin' name. 

[dacoinminster]

When can we expect dev mastercoins to be payed out? (For example for the documentation contest)

We decided to pay a giant lump sum when the distributed exchange bounty is paid, then monthly thereafter.

50% of all dev MSC are paid out that way. The other 50% are for unexpected expenses and hopefully will be rolled into the distributed bounty system which will replace the Mastercoin Foundation in managing the project

[bitlo]

How many more thousands of times are we going to have to give people this explanation?  Shouldn't we just change the name? 

I hate alt cryptos that end in 'coin' anyway.  What a dumb name.  Although I hate 'Ripple' at least they weren't so foolish to adopt another 'coin' name. 

What name do you propose? I haven't come across anything better.

[markm]

How many more thousands of times are we going to have to give people this explanation?  Shouldn't we just change the name?  

I hate alt cryptos that end in 'coin' anyway.  What a dumb name.  Although I hate 'Ripple' at least they weren't so foolish to adopt another 'coin' name.  

What name do you propose? I haven't come across anything better.

A name that does not make it sound distinct from bitcoin. Mastered Bitcoins maybe or Engraved Bitcoins or multi-purpose bitcoins or bitcoin overlay layer one or bitcoin multipurpose layer or repurposed coins or scented coins or custom coins or scented bitcoins or customised bitcoins or bitcoin market layer etc etc, basically get away from focus on making something other than bitcoin instead getting the focus back on the fact that this is just another of the many amazing things bitcoin offers.

Maybe bitcoin protocol overlays then call the master coins protocol overlay one or bitcoin overlay master, the bitdollars if any are created bitcoin overlay dollars, the goldcoins if any are created bitcoin overlay gold and so on?

Maybe even tinted coins or flavoured coins or coins on steroids or souped up coins...

Bitcoin Mastery, maybe?

Overlay coins, reflecting that they can be overlaid onto any blockchain?

-MarkM-

[drdops]

just spotted an alt coin trading on cryptsy against litecoin as MasterCoin (MST). Im presuming its completely unrelated? seems confusing or is that the intent?

That's another Mastercoin (MST) that was launched over the summer https://bitcointalk.org/index.php?topic=242406.0

It's not MSC, which is the Mastercoin Protocol

How many more thousands of times are we going to have to give people this explanation?  Shouldn't we just change the name? 

I hate alt cryptos that end in 'coin' anyway.  What a dumb name.  Although I hate 'Ripple' at least they weren't so foolish to adopt another 'coin' name. 

I have quite a large investment here from the early exodus address. I was merely pointing out the use of the same name out of concern that it would affect MSC development.

[abuelau]

Have you guys seen the news on the colored coins front? It's looking quite cool: https://bitcointalk.org/index.php?topic=106373.0

maybe this has been answered a thousand times already, but.. imagine both Colored Coins and MasterCoin works. What is really the difference between them to the END USER? I know the technical aspects, but users don't care much about those.