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Herp
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January 05, 2014, 05:04:50 PM |
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Feel free to add most recent Mastercoin related videos (3-4 months old) to this thread : Mastercoin Videos |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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TKeenan
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January 06, 2014, 03:55:45 AM |
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So do I have this right? We paid a fancy 'PR' agency 18 thousand dollars - and all they got was one article in Forbes with mostly incorrect information and the other information was wildly ambiguous.
Boy, oh boy, I sure hope the Foundation doesn't pull that trick again. That 'giv-a-way' was worse than the faucet. Can we have a report on the activity taken up by our 'PR' firm? Is there some documentation of the work they did for this money? An accounting on this topic might be nice.
Thank you.
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prophetx
Legendary
 Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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January 06, 2014, 04:32:33 AM |
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So do I have this right? We paid a fancy 'PR' agency 18 thousand dollars - and all they got was one article in Forbes with mostly incorrect information and the other information was wildly ambiguous.
Boy, oh boy, I sure hope the Foundation doesn't pull that trick again. That 'giv-a-way' was worse than the faucet. Can we have a report on the activity taken up by our 'PR' firm? Is there some documentation of the work they did for this money? An accounting on this topic might be nice.
Thank you.
they had the article in Vice that came out a couple days ago, set up a panel at Inside Bitcoins LV last month which led to a few video interviews with Ron, there are a few other conferences they are working on, they did a couple press releases as well. there is probably a few other things but that is what I recall at the moment |
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TKeenan
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January 06, 2014, 05:37:20 AM |
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So do I have this right? We paid a fancy 'PR' agency 18 thousand dollars - and all they got was one article in Forbes with mostly incorrect information and the other information was wildly ambiguous.
Boy, oh boy, I sure hope the Foundation doesn't pull that trick again. That 'giv-a-way' was worse than the faucet. Can we have a report on the activity taken up by our 'PR' firm? Is there some documentation of the work they did for this money? An accounting on this topic might be nice.
Thank you.
they had the article in Vice that came out a couple days ago, set up a panel at Inside Bitcoins LV last month which led to a few video interviews with Ron, there are a few other conferences they are working on, they did a couple press releases as well. there is probably a few other things but that is what I recall at the moment Was it worth $18K? |
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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January 06, 2014, 09:20:38 AM |
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So do I have this right? We paid a fancy 'PR' agency 18 thousand dollars - and all they got was one article in Forbes with mostly incorrect information and the other information was wildly ambiguous.
Boy, oh boy, I sure hope the Foundation doesn't pull that trick again. That 'giv-a-way' was worse than the faucet. Can we have a report on the activity taken up by our 'PR' firm? Is there some documentation of the work they did for this money? An accounting on this topic might be nice.
Thank you.
they had the article in Vice that came out a couple days ago, set up a panel at Inside Bitcoins LV last month which led to a few video interviews with Ron, there are a few other conferences they are working on, they did a couple press releases as well. there is probably a few other things but that is what I recall at the moment Was it worth $18K? Probably. It's a start you know- you pay a PR firm to seed the ground. You still have to make it grow. |
more or less retired.
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Tachikoma
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January 06, 2014, 03:07:24 PM |
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FYI; Mastercoin-explorer will be going down for some maintenance and optimisations. These changes are mostly internally and if all goes well nothing should change. If it does, the consensus check should let me know but please ping me if you suspect something is wrong.
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prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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January 06, 2014, 04:01:31 PM |
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So do I have this right? We paid a fancy 'PR' agency 18 thousand dollars - and all they got was one article in Forbes with mostly incorrect information and the other information was wildly ambiguous.
Boy, oh boy, I sure hope the Foundation doesn't pull that trick again. That 'giv-a-way' was worse than the faucet. Can we have a report on the activity taken up by our 'PR' firm? Is there some documentation of the work they did for this money? An accounting on this topic might be nice.
Thank you.
they had the article in Vice that came out a couple days ago, set up a panel at Inside Bitcoins LV last month which led to a few video interviews with Ron, there are a few other conferences they are working on, they did a couple press releases as well. there is probably a few other things but that is what I recall at the moment Was it worth $18K? Probably. It's a start you know- you pay a PR firm to seed the ground. You still have to make it grow. the 18k was for 3 months so they have another month of work to do. I do hope to see them get more traction from known bloggers and analysts in the future as the wallets and distributed exchange become usable with real MSC. there is still a lot of development work to do |
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superfluouso
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January 06, 2014, 10:24:10 PM |
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Jeffrey Tucker just tweeted that Michael Terpin will be speaking at the North American bitcoin conference to be held at the end of this month in Miami so I would expect more mastercoin coverage there as well. btcmiami.com |
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dacoinminster (OP)
Legendary
Offline
Activity: 1260
Merit: 1031
Rational Exuberance
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January 07, 2014, 01:22:15 AM |
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Even if J.R.'s paper is as brilliant as he apparently thinks it is, a normal person in his shoes would publish it with a less tacky title and let people realize its worth on their own.
Supposedly J.R.'s paper was going to be called, "An extraordinary work of breathtaking cryptographic genius" but being the humble guy he his, he opted for something simpler. ;-) LOL! The paper title was a result of my wishing that someone would write an ambitious spec for building cool stuff on top of bitcoin. I kept mumbling to myself that there needed to be a second bitcoin whitepaper. Finally, I got tired of waiting and took a crack at it. The paper title was purposefully controversial. I figured a boring title would get me a lot fewer readers. Perhaps I turned some people off with that title. Oh well - it's too late to go back now. Despite the title of the paper, I am actually quite humble. I'm easily the most humble person alive (possibly the most humble person of all time)! P.S. Today is the two-year anniversary of publishing that paper! |
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TKeenan
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January 07, 2014, 03:51:45 AM |
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P.S. Today is the two-year anniversary of publishing that paper! Congratulations! The paper is brilliant. The concept is brilliant. However, I think the execution is questionable. It doesn't seem like anyone is doing anything. Is Ron Gross on an extended vacation? Where did everyone go? I see almost zero activity these days. Nothing from the coders. 'Hello - is anybody out there?' Why is the Mastercoin website http://www.mastercoin.org/ horrible and amateurish while the NXT website http://www.nxtcrypto.org/ is flat out awesome? Why does Colored Coin have a cool video with a Lizard and nobody at Mastercoin can put together a decent graphical explanation of what it is about? How is it that Mastercoin has feeble forum participation? It sucks that Mastercoin exposure is so awful. |
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Patel
Legendary
Offline
Activity: 1321
Merit: 1007
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January 07, 2014, 04:07:23 AM |
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P.S. Today is the two-year anniversary of publishing that paper! Congratulations! The paper is brilliant. The concept is brilliant. However, I think the execution is questionable. It doesn't seem like anyone is doing anything. Is Ron Gross on an extended vacation? Where did everyone go? I see almost zero activity these days. Nothing from the coders. 'Hello - is anybody out there?' Why is the Mastercoin website http://www.mastercoin.org/ horrible and amateurish while the NXT website http://www.nxtcrypto.org/ is flat out awesome? Why does Colored Coin have a cool video with a Lizard and nobody at Mastercoin can put together a decent graphical explanation of what it is about? How is it that Mastercoin has feeble forum participation? It sucks that Mastercoin exposure is so awful. +1 |
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BitThink
Legendary
Offline
Activity: 882
Merit: 1000
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January 07, 2014, 04:11:55 AM |
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P.S. Today is the two-year anniversary of publishing that paper! Congratulations! The paper is brilliant. The concept is brilliant. However, I think the execution is questionable. It doesn't seem like anyone is doing anything. Is Ron Gross on an extended vacation? Where did everyone go? I see almost zero activity these days. Nothing from the coders. 'Hello - is anybody out there?' Why is the Mastercoin website http://www.mastercoin.org/ horrible and amateurish while the NXT website http://www.nxtcrypto.org/ is flat out awesome? Why does Colored Coin have a cool video with a Lizard and nobody at Mastercoin can put together a decent graphical explanation of what it is about? How is it that Mastercoin has feeble forum participation? It sucks that Mastercoin exposure is so awful. The execution is questionable because no one is really executing. There's only one full time researcher and two full time developers (will only become full time months later). Is there any full time CEO or executive director? No offence to JR, but I think if I were you, having at least 100K MSC ( > 15 million dollars now), I have no reason to hesitate in leaving my day job and becomes full time in the project you really love. I don't think you will be someone who will think 15 million is enough and let me enjoy the life instead. In that case, the 15 million will soon become nothing. |
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TKeenan
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January 07, 2014, 06:05:37 AM |
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Is there any full time CEO or executive director? The ED is Ron Gross. But he isn't doing much to keep the interest momentum going. |
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BitThink
Legendary
Offline
Activity: 882
Merit: 1000
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January 07, 2014, 06:08:25 AM |
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Is there any full time CEO or executive director? The ED is Ron Gross. But he isn't doing much to keep the interest momentum going. I know that Ron is the ED but I doubt he is full time. |
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romerun
Legendary
Offline
Activity: 1078
Merit: 1001
Bitcoin is new, makes sense to hodl.
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January 07, 2014, 06:10:56 AM |
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I probably be missing something, I'm curious why do we need to build a coin on top of bitcoin blockchain. Why can't we just encode protocols (distributed exchange, etc) on top of bitcoin and use btc itself as measurement instead of having to IPO Exodus ? For example, http://pastebin.com/jwijxhHt, yes there maybe many flaws on FC proposal, but point is what's the point of building more coin on top of btc where we can just encode whatever we want to encode on the blockchain. Is it just to fund development cost? |
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TKeenan
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January 07, 2014, 06:20:40 AM |
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I probably be missing something, I'm curious why do we need to build a coin on top of bitcoin blockchain. Why can't we just encode protocols (distributed exchange, etc) on top of bitcoin and use btc itself as measurement instead of having to IPO Exodus ? The stability of bitcoin is vigorously protected by the foundation. One way they accomplish this is by making very tiny changes. They have completely turned off scripting - which might cause unexpected problems. They only make VERY minor changes to assure the integrity of the system. So, bitcoin will necessarily be left as a rock solid protocol which doesn't move much over time. Mastercoin enjoys the wild recklessness which comes with allowing special new rules. But, this extra function comes with a stability price. If the coders are awesome, great function will come without trouble. But either way, bitcoin will remain rock solid. |
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romerun
Legendary
Offline
Activity: 1078
Merit: 1001
Bitcoin is new, makes sense to hodl.
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January 07, 2014, 06:47:57 AM |
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I probably be missing something, I'm curious why do we need to build a coin on top of bitcoin blockchain. Why can't we just encode protocols (distributed exchange, etc) on top of bitcoin and use btc itself as measurement instead of having to IPO Exodus ? The stability of bitcoin is vigorously protected by the foundation. One way they accomplish this is by making very tiny changes. They have completely turned off scripting - which might cause unexpected problems. They only make VERY minor changes to assure the integrity of the system. So, bitcoin will necessarily be left as a rock solid protocol which doesn't move much over time. Mastercoin enjoys the wild recklessness which comes with allowing special new rules. But, this extra function comes with a stability price. If the coders are awesome, great function will come without trouble. But either way, bitcoin will remain rock solid. I'm not saying bitcoin protocol needs to be changed in order to support protocols on top of it. Is it possible to do what mastercoin try to solve without introducing another coin, by using the same approach of embedding information on the blockchain ? |
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culexevilman
Legendary
Offline
Activity: 1064
Merit: 1000
Bitcoin is too valuable to be used as a currency
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January 07, 2014, 06:49:38 AM |
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I probably be missing something, I'm curious why do we need to build a coin on top of bitcoin blockchain. Why can't we just encode protocols (distributed exchange, etc) on top of bitcoin and use btc itself as measurement instead of having to IPO Exodus ? The stability of bitcoin is vigorously protected by the foundation. One way they accomplish this is by making very tiny changes. They have completely turned off scripting - which might cause unexpected problems. They only make VERY minor changes to assure the integrity of the system. So, bitcoin will necessarily be left as a rock solid protocol which doesn't move much over time. Mastercoin enjoys the wild recklessness which comes with allowing special new rules. But, this extra function comes with a stability price. If the coders are awesome, great function will come without trouble. But either way, bitcoin will remain rock solid. I'm not saying bitcoin protocol needs to be changed in order to support protocols on top of it. Is it possible to do what mastercoin try to solve without introducing another coin, by using the same approach of embedding information on the blockchain ? Whats theres to gain by the board being lazy? Is it not in everyones interest to push Mastercoin as forward as we can? |
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BitThink
Legendary
Offline
Activity: 882
Merit: 1000
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January 07, 2014, 06:56:51 AM |
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I probably be missing something, I'm curious why do we need to build a coin on top of bitcoin blockchain. Why can't we just encode protocols (distributed exchange, etc) on top of bitcoin and use btc itself as measurement instead of having to IPO Exodus ? For example, http://pastebin.com/jwijxhHt, yes there maybe many flaws on FC proposal, but point is what's the point of building more coin on top of btc where we can just encode whatever we want to encode on the blockchain. Is it just to fund development cost? I saw that proposal before, and it was translated from the so-call leaked version of AsicMiner on-blockchain exchange. However, that protocol is not a real decentralized exchange. It requires a central authority to issue some codes for each asset and be trusted by all users. In that protocol all information are encoded in BTC amount. For example, if a person want to sell his AM shares for 100 BTC, he has to send 100 BTC (plus other small amounts for extra information and mining fee) to the predefined AM selling address first and then the 100 BTC will be returned to him from that address. This has two drawbacks: 1) it requires people to trust the central authority to send back the BTC. 2) the sender has to have that amount of BTC first. How about I just have AM shares, but have no 100 BTC? |
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