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

[jeroenn13]

well excellent it would seem nxt and mastercoin are both dead now  

What?

The DEx is now live (we waited for block number 290630 which was supposed to arrive at midnight, but ended up a bit late).
Please check out the wallets on mastercoinwallets.org - the orderbook at masterchest.info already shows some sell orders.

I have a big blog post ready that will be released later today to celebrate the DEx.
The one piece of info that the post is waiting for is a video tutorial for masterchest wallet, that should be ready a bit later today.

Midnight where?

It is already released and active.

Lol really
Champagne!

Edit
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Give it some time There will be a tutorial video very soon (Today).

[lebing]

Just tried getting the web wallet going and my head turned inside out. UI upgrade needs to be a priority 

[mercury]

Just tried getting the web wallet going and my head turned inside out. UI upgrade needs to be a priority  

There are two video tutorials for the Masterchain web wallet:
http://masterprotocoleducation.org/?s=masterchain

For the Masterchest windows wallet here:
http://masterprotocoleducation.org/how-to-install-the-masterchest-windows-wallet/

[bitexch]

Neither of the Masterchain web wallet tutorials addresses my question: when I click "Create new wallet", I only get a "Wallet UUID", but no private key. I also don't see the option of creating addresses. Am I missing something?

[Herp]

Neither of the Masterchain web wallet tutorials addresses my question: when I click "Create new wallet", I only get a "Wallet UUID", but no private key. I also don't see the option of creating addresses. Am I missing something?

This part is really confusing as shit. They need to change this and make it more intuitive.

[bitexch]

Neither of the Masterchain web wallet tutorials addresses my question: when I click "Create new wallet", I only get a "Wallet UUID", but no private key. I also don't see the option of creating addresses. Am I missing something?

This part is really confusing as shit. They need to change this and make it more intuitive.

It looks like you can't actually create a wallet on masterchain.info, you can only enter the private key every time you want to buy MSC. Also, it looks like you can't store any MSC or BTC or masterchain.info, right?

[zbx]

Neither of the Masterchain web wallet tutorials addresses my question: when I click "Create new wallet", I only get a "Wallet UUID", but no private key. I also don't see the option of creating addresses. Am I missing something?

This part is really confusing as shit. They need to change this and make it more intuitive.

It looks like you can't actually create a wallet on masterchain.info, you can only enter the private key every time you want to buy MSC. Also, it looks like you can't store any MSC or BTC or masterchain.info, right?

But can you sell MSC on masterchain.info? And is the signing done client-side?

[lebing]

Just tried getting the web wallet going and my head turned inside out. UI upgrade needs to be a priority  

There are two video tutorials for the Masterchain web wallet:
http://masterprotocoleducation.org/?s=masterchain

For the Masterchest windows wallet here:
http://masterprotocoleducation.org/how-to-install-the-masterchest-windows-wallet/

Do we want people to be using this yet? If so, this finding stuff on random sites around the internet is not going to work. It needs to be easy to find, understand and use. Is there noone in the marketing side of the project yet?

[bitwhizz]

i agree,
the web wallet needs to be more intuitive,

2 factor authentication would be good too, for security reasons, if holding mastercoins on the webwallet


and i think perhaps to even log in to master chain wallet, a UUID and Password is needed, as appose to accessing straight into a wallet, maybe i am used to wallets like blockchain.info, which is the reason i am suggesting this, howeever i think it would feel safer to use

[ripper234]

Just tried getting the web wallet going and my head turned inside out. UI upgrade needs to be a priority 

I said this on multiple thread - I completely agree, our currency UI is far from intuitive.
Cross board UI improvements are in the works, both short term (weeks) and long terms (months).
(You can see our roadmap here)

I just want to comment that masterchain does allow you to add addresses to your account, in a way that you don't need to input the private key on each transaction ... but there are a few gotchas there. Omniwallet is our flagship project that is targeted to reach or surpass the level of usability you can expect from Coinbase ... it's in alpha testing now and is not ready yet for general use.

You are welcome to contact Yuval our resident UX expert with any suggestions at yuval@mastercoin.org.

[ripper234]

You are welcome to contact Yuval our resident UX expert with any suggestions at yuval@mastercoin.org.

And feel free to add me (ron@mastercoin.org) to any such correspondence.

[dminer69]

How can i mine this coin???

[superresistant]

How can i mine this coin???

You can't, it's a PoS coin.

Just buy it : https://masterxchange.com/

[bitexch]

Just tried getting the web wallet going and my head turned inside out. UI upgrade needs to be a priority  

I said this on multiple thread - I completely agree, our currency UI is far from intuitive.
Cross board UI improvements are in the works, both short term (weeks) and long terms (months).
(You can see our roadmap here)

I just want to comment that masterchain does allow you to add addresses to your account, in a way that you don't need to input the private key on each transaction ... but there are a few gotchas there. Omniwallet is our flagship project that is targeted to reach or surpass the level of usability you can expect from Coinbase ... it's in alpha testing now and is not ready yet for general use.

You are welcome to contact Yuval our resident UX expert with any suggestions at yuval@mastercoin.org.

Can you explain how to add addresses to your account? I feel that a written explanation would be very useful, because right now the Table of Addresses is blank, and I don't see any button that says "add addresses" anywhere.

Is the plan to allow both sellers *and* buyers of MSC to construct orders, or only sellers? I think right now the way the distributed exchange works will probably discourage buyers from using it, since only sellers get to choose the terms of their orders.

Also, since you're not given a private password when you create a Wallet UUID, I don't see how you can login to your wallet? Or am I missing something?

[lebing]

Just tried getting the web wallet going and my head turned inside out. UI upgrade needs to be a priority  

I said this on multiple thread - I completely agree, our currency UI is far from intuitive.
Cross board UI improvements are in the works, both short term (weeks) and long terms (months).
(You can see our roadmap here)

I just want to comment that masterchain does allow you to add addresses to your account, in a way that you don't need to input the private key on each transaction ... but there are a few gotchas there. Omniwallet is our flagship project that is targeted to reach or surpass the level of usability you can expect from Coinbase ... it's in alpha testing now and is not ready yet for general use.

You are welcome to contact Yuval our resident UX expert with any suggestions at yuval@mastercoin.org.

Ok, thanks Ron. I see that you are addressing this in the wallet upgrades this quarter. I would also suggest that the mastercoin.org homepage create a step by step tutorial to get people using the DEX along with a comprehensive storyboard on the homepage which explains what Mastercoin is, how it works and why people would want to use it.

[ripper234]

Can you explain how to add addresses to your account? I feel that a written explanation would be very useful, because right now the Table of Addresses is blank, and I don't see any button that says "add addresses" anywhere.

Check out the video tutorials here:

http://masterprotocoleducation.org/tag/masterchain-info/

Is the plan to allow both sellers *and* buyers of MSC to construct orders, or only sellers? I think right now the way the distributed exchange works will probably discourage buyers from using it, since only sellers get to choose the terms of their orders.

Unfortunately this is not possible (or at least nobody has figured out a way to do this).

I added an entry to our FAQ about this

This is due to a technical limitation at the protocol level, for which there is no known solution.

In order to place 'MSC buy' orders (which are actually 'BTC sell' orders), you would have to commit sending BTC to the seller after he sends you the MSC. Because one side of the trade (sending BTC) does not use the Master Protocol, there is no way to enforce it to uphold its commitment.

See https://github.com/mastercoin-MSC/spec#distributed-exchange

[bitexch]

Can you explain how to add addresses to your account? I feel that a written explanation would be very useful, because right now the Table of Addresses is blank, and I don't see any button that says "add addresses" anywhere.

Check out the video tutorials here:

http://masterprotocoleducation.org/tag/masterchain-info/

Is the plan to allow both sellers *and* buyers of MSC to construct orders, or only sellers? I think right now the way the distributed exchange works will probably discourage buyers from using it, since only sellers get to choose the terms of their orders.

Unfortunately this is not possible (or at least nobody has figured out a way to do this).

I added an entry to our FAQ about this

This is due to a technical limitation at the protocol level, for which there is no known solution.

In order to place 'MSC buy' orders (which are actually 'BTC sell' orders), you would have to commit sending BTC to the seller after he sends you the MSC. Because one side of the trade (sending BTC) does not use the Master Protocol, there is no way to enforce it to uphold its commitment.

See https://github.com/mastercoin-MSC/spec#distributed-exchange

OK, but based on those videos, it does not look like there is a real "wallet" on Masterchain.info, right? Because as far as I can tell, there isn't a login button, is there? How do you access your wallet after you have closed your browser? Because you're not given or asked to enter a password for your Wallet UUID.

[ripper234]

Is the plan to allow both sellers *and* buyers of MSC to construct orders, or only sellers? I think right now the way the distributed exchange works will probably discourage buyers from using it, since only sellers get to choose the terms of their orders.

Unfortunately this is not possible (or at least nobody has figured out a way to do this).

I added an entry to our FAQ about this

This is due to a technical limitation at the protocol level, for which there is no known solution.

In order to place 'MSC buy' orders (which are actually 'BTC sell' orders), you would have to commit sending BTC to the seller after he sends you the MSC. Because one side of the trade (sending BTC) does not use the Master Protocol, there is no way to enforce it to uphold its commitment.

See https://github.com/mastercoin-MSC/spec#distributed-exchange

Also, it's worth mentioning that the DEx between MSC and other MSC-derived currency will be much simpler, and will contain a traditional bi-directional orderbook.

I believe that the BTC<->MSC DEx will be useful for buyers who are looking for large liquidity that may not exist on other exchanges, and for buyers who do not wish to trust cnetralized exchanges.

[ripper234]

OK, but based on those videos, it does not look like there is a real "wallet" on Masterchain.info, right? Because as far as I can tell, there isn't a login button, is there? How do you access your wallet after you have closed your browser? Because you're not given or asked to enter a password for your Wallet UUID.

True, true*

This is why we're working heavily on Omniwallet (test server here, feedback welcome). Note that the Omni isn't production grade yet, but is making very fast progress. We will update more on Omni over the next few weeks.


* I believe Grazcoin and Grimentz may also have some usability improvements planned for masterchain.

[bitexch]

OK, but based on those videos, it does not look like there is a real "wallet" on Masterchain.info, right? Because as far as I can tell, there isn't a login button, is there? How do you access your wallet after you have closed your browser? Because you're not given or asked to enter a password for your Wallet UUID.

True, true*

This is why we're working heavily on Omniwallet (test server here, feedback welcome). Note that the Omni isn't production grade yet, but is making very fast progress. We will update more on Omni over the next few weeks.


* I believe Grazcoin and Grimentz may also have some usability improvements planned for masterchain.

Alright, it's pretty disappointing that after so many months that still isn't an easy to use wallet. What's the ETA for an alpha release of Omniwallet?