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

[Herp]

@ Mastercoin

Price is tanking,

Investors need confidence

Please try aspire confidence of this project, in any way possible

Countdown/ revealing secret progress/ who knows,

Sooner than later

Thanks

The obvious advantages Mastercoin has are not clearly presented in a digestible format. The list of upcoming Dex is really impressive and will make Mastercoin the best 2.0 to be on. Most investors are not really aware. You have to skim the blog entries and piece a lot of information together to make sense of that.

The main .org website doesn't say any of this, in a clear cut sort of way. I'd say a new consolidated website is in order. One they have for the moment is still based on the pre-release stuff with some new additions but it doesn't present people the full picture.

This makes Mastercoin a very undervalued coin because for many people the presentation is important. Mastercoin suffers in this area.         The package sells the product, as they say.

Main website needs to be much more appealing. Now it looks like an academic website rather than one meant for actually living, breathing everyday users. Highest focal point of website should be smart property. When people click that they are sent to a mastercoin wiki page. Dedicated sections like white paper and such should be removed. No one cares about "whitepapers" and even knows wtf that is except some radical geeks which is not target audience. Keep stuff like "whitepaper" in consolidated wikis where casual users don't get to see this dorky pimpled face ugliness plastered all over the place. Mastercoin needs to be more like Apple and less like Microsoft in its presentation. At the moment looks more like NASA, so it's not even close to Microsoft.

If you have good cash reserve, which Counterparty and others don't have, make full use of it and don't use some crappy basement dweller web designer that does it cheap. Get some good talent to design the website, preferably someone with artistic inclinations with proven track record. You want polished and effective website that draws people in, not some geeky made crappy website like Counterparty has for example that looks like Github. Just commission a kick-ass website to blow the others out of the water. This should boost Mastercoin valuation like crazy and bring it closer to its real value.

I am so glad this resulted from my comment

@Mastercoin, please take note and act on Herp analysis and improvement, he's on the ball here

Yes, your comment triggered it. 

[subSTRATA]

Way too little people are into Mastercoin right now and I don't see that changing unless price adjusts downwards, to allow new investors to get on
the train at some reasonable levels. Not so long ago one could get MSC at 0.01 (burn period) and price was already at levels where 1000% profits
were possible so how much more money you early adopters wanna make? By insisting on still high price and thus not allowing new investors to get
some MSC at price levels where you'd make decent profits anyway you are shoting yourself in the leg, really. The same goes for NXT, XCP and most
other altcoins where there is no justification for high price except your greed. With PoW coins there is a strong relation between price and energy
used for mining, if one invests X dollars then it makes no sense to sell mined coins for (much) less dollars but with PoS altcoins, MSC and XCP what
exactly is the cost to run the show? Practically zero. Utility alone does not justify high price neither at least not at this stage but you people act like
Mastercoin already is something of epic proportions. No, it is not. Dozen of you holding coins and refusing to take profit unless you'd make 1000%
or higher profit will isolate yourself from everyone else except maybe stupid investors and speculators. Anyone else who missed burn period just
don't have a good reason to invest in MSC. Of course, you can stay stuborn and trade MSC inside your small group but keep in mind you are not
going anywhere with such approach because no one outside of your group really gives a shit about your prescious overpriced coins. You can add
whatever new feature you want to Mastercoin but, as proven by recently added decentralized exchange and as proven by prices of NXT and XCP,
there will be no price explosion.

Just like NXT, XCP and so many other altcoin communities, you became too greedy too fast.

[murraypaul]

Just like NXT, XCP and so many other altcoin communities, you became too greedy too fast.

Whereas you were greedy too slow?
You entire post seems to be a wail that no-one will see you really cheap coins so you can start making 1000% profit as well.

[littleblue]

@ Mastercoin

Price is tanking,

Investors need confidence

Please try aspire confidence of this project, in any way possible

Countdown/ revealing secret progress/ who knows,

Sooner than later

Thanks

The obvious advantages Mastercoin has are not clearly presented in a digestible format. The list of upcoming Dex is really impressive and will make Mastercoin the best 2.0 to be on. Most investors are not really aware. You have to skim the blog entries and piece a lot of information together to make sense of that.

The main .org website doesn't say any of this, in a clear cut sort of way. I'd say a new consolidated website is in order. One they have for the moment is still based on the pre-release stuff with some new additions but it doesn't present people the full picture.

This makes Mastercoin a very undervalued coin because for many people the presentation is important. Mastercoin suffers in this area. The package sells the product as they say.

Main website needs to be much more appealing. Now it looks like an academic website rather than one meant for actually living, breathing everyday users. Highest focal point of website should be smart property. When people click that they are sent to a mastercoin wiki page. Dedicated sections like white paper and such should be removed. No one cares about "whitepapers" and even knows wtf that is except some radical geeks which is not target audience. Keep stuff like "whitepaper" in consolidated wikis where casual users don't get to see this dorky pimpled face ugliness plastered all over the place. Mastercoin needs to be more like Apple and less like Microsoft in its presentation. At the moment looks more like NASA, so it's not even close to Microsoft.

If you have good cash reserve, which Counterparty and others don't have, make full use of it and don't use some crappy basement dweller web designer that does it cheap. Get some good talent to design the website, preferably someone with artistic inclinations with proven track record. You want polished and effective website that draws people in, not some geeky made crappy website like Counterparty has for example that looks like Github. Just commission a kick-ass website to blow the others out of the water. This should boost Mastercoin valuation like crazy and bring it closer to its real value.

+10000！！！！

Ron Gross :Thanks for this Herp,

Redoing the website is in our Q2 plans.

https://trello.com/b/DzHG5qJY/roadmap

We are already starting to think about this. There is plenty of good stuff in the works, most of that is public, but we can always improve in the way we present things.

Dominik Ży, Yuval Bergman, care to reply?

I will remind you again that Mastercoin is a long term project. We are truly making tremendous progress each week that passes by. I am so proud to be a part of this team.

http://blog.mastercoin.org/.../a-note-about-the-price-of.../

Roadmap
trello.com

[ripper234]

Hello everyone!

So much stuff is happening, sadly I don't have time to frequent the forums more (thanks for everyone who is bridging the gap via Facebook and other means!)

Please see this post on mastercointalk (you're welcome to use it more, we're seeing a great pickup in traffic there).

Quoting here:

Hello everyone!

We have been testing out a cool virtual office platform called Sococo (thanks Marv for suggesting and pushing that!)

Here is the link to my private office. You are always welcome to stop by, say hello, and chat about Mastercoin! I don't promise I'll always have time, but you can schedule something via meetme.so/RonGross.

We're just starting to use this platform and are still learning the ropes. I think we may want to publicly share some of our meetings, and invite people to join in as listeners. FYI the recurring meetings we have are Daily Standup Meetings, Weekly Dev Meetings, Weekly All Hands Meetings, and we're starting to do Weekly Planning Meetings as well.

We'll post updates about this as we go along - in the meantime, come visit me on Sooco!

[Herp]

@ http://blog.mastercoin.org/2014/01/12/a-note-about-the-price-of-msc/

Not sure this type of defensive attitude is constructive. I get short term and long term and most of the people who posted here didn't buy into MSC hoping they'll get something for nothing overnight (myself included).

Having an inviting, inclusive web presence is not short term thinking, by the contrary. You can't build a community around ultra geeky techy stuff, that only a very limited and narrow audience understands and gets. You want to be inclusive, rather than exclusive. Sure, you can have some exclusivist ultra geeky development, that's all over the place, or you can have a spark, an appealing image and something that manages to capture the crowd. It's right to say NXT doesn't have much substance, but if you check their forums you'll see they do have a community MSC doesn't have because of the noninclusive approach. You may find yourself pretty lonely down the road and that's not a place where you want to be. Do you want to be the lonely geek with hugely undervalued project that gets bought out for peanuts or do you want to be one who puts Next, Counterparty and others out of business?

Why do you think Mastercoin forum isn't that populated? It's because you've pushed this geeky centered message and very little focus on promotion and community building. Community means support, means spreading a positive message, means people there that will stand by you. It means a lot of things. It also means voluntarism, dedication and very often offers to work for free, not to mention people who would buy into the project, helping it grow organically. This should be of paramount importance for you especially due to the nature of the smart contract system. You want a strong community there to help build these contracts. That will be the make or break for Mastercoin eventually, the ability to create an ecosystem of smart apps that will outmatch the competition. Yes, I know Mastercoin will have best suite of smart app lineup but think of what a stronger community involvement could achieve.

You may think perception is not important. You are so wrong. Perception is everything in life. Esse est percipi. No one sees things how they really are, but how they appear to be.

Since you've brought up Google as an example of long term focus, of a company who didn't get "distracted by share price"; Google would have failed miserably had the 2 founders called the shots early on, instead of hiring Erich Schmidt which was also helped by VCs. Contrary to public perception, Google cared a lot about share price, regardless of what spin you may have heard. Those who don't care about share price end up being bought for pennies on the dollar, very often below book value. Take someone like Warren Buffett who may say he doesn't care about stock prices and wants long term focus but he'll go out of his way to promote the crap out of his portofolio every chance he gets. He's one of the best promoters I've seen to date. He even managed to transform the annual Berkshire annual letter into some kinda` Woodstock event with lots of media circus. Of course, very often hypocrisy is the name of game and taking these guys' words at face value is big mistake. You have to look at what they do, not what they say.

Also, when it comes to "decentralized jobs" as MSC put it, MSC price matters because it's not same thing if MSC price is at 0.1 or at 0.01 or 1 BTC. Many MSC bounties would be totally unappealing and worthless if MSC price were to be low. This substantially impacts development speed and effectiveness.

[johnybyo]

@ Mastercoin

Price is tanking,

Investors need confidence

Please try aspire confidence of this project, in any way possible

Countdown/ revealing secret progress/ who knows,

Sooner than later

Thanks

The obvious advantages Mastercoin has are not clearly presented in a digestible format. The list of upcoming Dex is really impressive and will make Mastercoin the best 2.0 to be on. Most investors are not really aware. You have to skim the blog entries and piece a lot of information together to make sense of that.

The main .org website doesn't say any of this, in a clear cut sort of way. I'd say a new consolidated website is in order. One they have for the moment is still based on the pre-release stuff with some new additions but it doesn't present people the full picture.

This makes Mastercoin a very undervalued coin because for many people the presentation is important. Mastercoin suffers in this area.         The package sells the product, as they say.

Main website needs to be much more appealing. Now it looks like an academic website rather than one meant for actually living, breathing everyday users. Highest focal point of website should be smart property. When people click that they are sent to a mastercoin wiki page. Dedicated sections like white paper and such should be removed. No one cares about "whitepapers" and even knows wtf that is except some radical geeks which is not target audience. Keep stuff like "whitepaper" in consolidated wikis where casual users don't get to see this dorky pimpled face ugliness plastered all over the place. Mastercoin needs to be more like Apple and less like Microsoft in its presentation. At the moment looks more like NASA, so it's not even close to Microsoft.

If you have good cash reserve, which Counterparty and others don't have, make full use of it and don't use some crappy basement dweller web designer that does it cheap. Get some good talent to design the website, preferably someone with artistic inclinations with proven track record. You want polished and effective website that draws people in, not some geeky made crappy website like Counterparty has for example that looks like Github. Just commission a kick-ass website to blow the others out of the water. This should boost Mastercoin valuation like crazy and bring it closer to its real value.

This makes Mastercoin a very undervalued coin because for many people the presentation is important. Mastercoin suffers in this area.         The package sells the product, as they say.

This week best joke. "Undervalued mastercoin" 

Just like NXT, XCP and so many other altcoin communities, you became too greedy too fast.

XCP is only what have many orginal owners and really fair launch. There no have 5 "herb guys" who "know" right price and sell alpha stage shit with high price. Also XCP is only which ANN tread this read "this is alpha stage if you invest you can lose all" but still XCP is more ready than any other 

[johnybyo]

Can herb derp read this and tell us what all is better in mastercoin?

http://cointelegraph.com/post/counterparty_to_set_new_standard_of_fairness_in_the_cryptographic_world

[Herp]

...

The founders of the project prefer to stay anonymous. Any financial support is provided via donations. General idea of the Counterparty is built on the most strong and important basics of Bitcoin evolving them further. It is not a company to gain profit or receive investments.

[johnybyo]

Can herb read this and tell us what all is better in mastercoin?

http://cointelegraph.com/post/counterparty_to_set_new_standard_of_fairness_in_the_cryptographic_world

The founders of the project prefer to stay anonymous. Any financial support is provided via donations. General idea of the Counterparty is built on the most strong and important basics of Bitcoin evolving them further. It is not a company to gain profit or receive investments.

http://coachingcommons.org/wp-content/uploads/2010/12/RIP-347-x-300.jpg

After this answer can you tell us what all is better in XCP than in Mastercoin? If we look now, today, not "after 6month more development".

[bitwhizz]

Well to be honest, your not being fair here,
Your forgetting mastercoin has got a large  funding it can use for development for a long time aswell as for PR and ADvertisement
Mastercoin has a face to the public, not unknown devs
Mastercoin is probably a safer bet, and sometimes slow and steady wins the race,

There is no reason why they can't co exist in a trillion dollar space, i hope both are succesful

Mastercoin do need to start making quicker progress, i can agree with you there

[romerun]

I personally have zero BTC invested in Mastercoin, and several BTC invested in Counterparty. I'm not rich by any mention of the word, from what I've seen Counterparty appears to be ahead specifically where it counts, but I have nothing against Mastercoin. Who knows maybe I'm wrong. Have you seen the screenshots of the Counterparty Web Wallet ? Good God, it looks like it was crafted by someone with some serious skills. I've seen a few complaints about the usability of the Mastercoin web wallet. I would invest in Mastercoin at least a little, but the price seems high to get decent ROI; however I assume that would be moot point if the meat of Mastercoin plans come to fruition.

You're confused. Complaints you've seen were about the off-line wallets like Masterchest and this online wallet https://masterchain.info/ People (myself included) were complaining about these two for not being user friendly enough.

However, you're praising Counterparty for their web wallet that no one got their hands on, screenshot only, while Mastercoin has a user friendly wallet called Omniwallet in alpha stage https://test.omniwallet.org/ which you can already try out.

Well, I just tried out https://testnet.counterwallet.co/ and https://test.omniwallet.org/ , counterwallet won this round hands down - ui is slick, feeling like a complete product ready to launch next week, has chat, private keys are deterministically seeded like electrum, while I could not even create my wallet on omniwallet,

[Herp]

I personally have zero BTC invested in Mastercoin, and several BTC invested in Counterparty. I'm not rich by any mention of the word, from what I've seen Counterparty appears to be ahead specifically where it counts, but I have nothing against Mastercoin. Who knows maybe I'm wrong. Have you seen the screenshots of the Counterparty Web Wallet ? Good God, it looks like it was crafted by someone with some serious skills. I've seen a few complaints about the usability of the Mastercoin web wallet. I would invest in Mastercoin at least a little, but the price seems high to get decent ROI; however I assume that would be moot point if the meat of Mastercoin plans come to fruition.

You're confused. Complaints you've seen were about the off-line wallets like Masterchest and this online wallet https://masterchain.info/ People (myself included) were complaining about these two for not being user friendly enough.

However, you're praising Counterparty for their web wallet that no one got their hands on, screenshot only, while Mastercoin has a user friendly wallet called Omniwallet in alpha stage https://test.omniwallet.org/ which you can already try out.

Well, I just tried out https://testnet.counterwallet.co/ and https://test.omniwallet.org/ , counterwallet won this round hands down - ui is slick, feeling like a complete product ready to launch next week, has chat, private keys are deterministically seeded like electrum, while I could not even create my wallet on omniwallet,

Yeah, I've just checked the counterp thread report thread on your forum. Seems this wallet is a disaster. Everyone's getting a ton of errors. It's not functional by a long shot. Useless at this stage. Like:

I went to the DEX and tried to buy about 3x the amount of actual test coins I had (balance now shows 5x) and got this error

failoverAPI: Call failed (failed over across all servers). Method: transmit; Last error: JSON-RPC Error:[/size]Type: Server error[/color]
[/size]Code: -32000[/color]
[/size]Message: {'message': 'TX rejected', 'code': -22}[/color]

[FTWbitcoinFTW]

What about a bounty to find the first asset listed in MSC ?

[johnybyo]

I personally have zero BTC invested in Mastercoin, and several BTC invested in Counterparty. I'm not rich by any mention of the word, from what I've seen Counterparty appears to be ahead specifically where it counts, but I have nothing against Mastercoin. Who knows maybe I'm wrong. Have you seen the screenshots of the Counterparty Web Wallet ? Good God, it looks like it was crafted by someone with some serious skills. I've seen a few complaints about the usability of the Mastercoin web wallet. I would invest in Mastercoin at least a little, but the price seems high to get decent ROI; however I assume that would be moot point if the meat of Mastercoin plans come to fruition.

You're confused. Complaints you've seen were about the off-line wallets like Masterchest and this online wallet https://masterchain.info/ People (myself included) were complaining about these two for not being user friendly enough.

However, you're praising Counterparty for their web wallet that no one got their hands on, screenshot only, while Mastercoin has a user friendly wallet called Omniwallet in alpha stage https://test.omniwallet.org/ which you can already try out.

Well, I just tried out https://testnet.counterwallet.co/ and https://test.omniwallet.org/ , counterwallet won this round hands down - ui is slick, feeling like a complete product ready to launch next week, has chat, private keys are deterministically seeded like electrum, while I could not even create my wallet on omniwallet,

Yeah, I've just checked the counterp thread report thread on your forum. Seems this wallet is a disaster. Everyone's getting a ton of errors. It's not functional by a long shot. Useless at this stage.

Better error than nothing. There is now million dollars worth of community working to find bugs and devs coding like crazy monkeys for fix that all.

[Fernandez]

After this answer can you tell us what all is better in XCP than in Mastercoin? If we look now, today, not "after 6month more development".

Nothing, except that Herp invested  a lot in MSC and nothing in XCP.

Herp's analysis is backed by Herp's rating agency, so of course its true

I have both XCP and MSC and follow both the threads here. XCP thread has got its own Herp named halfcab, though he has mellowed down a lot recently.

[bitwhizz]

Counter wallet is super slick, no denying that, and bug issues arn't an issue with the counter party dev team, they are fast

[Herp]

Counter wallet is super slick, no denying that, and bug issues arn't an issue with the counter party dev team, they are fast

Unless these are hard to solve core issues. It's one thing to patch small cosmetic bugs and whole other thing to address core issues.

[johnybyo]

Counter wallet is super slick, no denying that, and bug issues arn't an issue with the counter party dev team, they are fast

Unless these are hard to solve core issues. It's one thing to patch small cosmetic bugs and whole other thing to address core issues.

Mastercoin dont have this problems because nothing ready yet How much mastercoin was when you buy in?

http://thelins.se/learnqt/wp-content/uploads/mainwindow-empty-300x212.png         http://mastercoin.files.wordpress.com/2014/03/istock_000021618161small.jpg?w=300&h=200               http://coachingcommons.org/wp-content/uploads/2010/12/RIP-347-x-300-289x250.jpg

[nakaone]

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?