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Author Topic: [PAUSED] Giveaway for "MasterCoins" - the new protocol layer built on bitcoin  (Read 38107 times)
dacoinminster (OP)
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August 12, 2013, 11:11:03 PM
Last edit: November 20, 2013, 12:28:56 AM by dacoinminster
 #1

This giveaway is paused!!

No new requests for MSC will be processed until I find someone new to run this giveaway thread:

ANNOUNCEMENT:

Due to the sudden increase in demand and popularity for Mastercoin and this thread, I can no longer keep up with the demand. This will be the final round of the Giveaway thread unless someone else would like to step up into the role as my replacement.

This should be taken as a sign that Mastercoin is on the path to success.

Giveaway Thread for "MasterCoins" - the new protocol layer built on bitcoin (NOT an alt coin)

MasterCoin is a new protocol layer on top of bitcoin which adds features for improved security, distributed exchange between bitcoins and coins on higher protocol layers, distributed betting on real-world stuff, user-created currencies and property tokens, and even user-created currencies which track real-world values like the price of an ounce of gold. You can read all about the project (including how to buy MasterCoins) here: https://bitcointalk.org/index.php?topic=265488.0

This thread is originally from a giveaway I did during the month of August 2013, but I had some money left over. I was originally going to just divvy the leftovers up among the top promoters from the first giveaway, but I got caught off guard when MasterCoin prices rose more than tenfold Smiley

You can see the current price of MSC on our buyer/seller thread here: https://bitcointalk.org/index.php?topic=287145.0

I have over 390 MasterCoins and 390 Test MasterCoins designated for this giveaway. To receive your MasterCoins and Test MasterCoins, reply on this thread with the following:
  • Your bitcoin address (you must be able to SEND bitcoins from this address as well as receive them, so web wallets which manage private keys for you won't work for this). The wallet should also be able to send to multiple addresses at once, otherwise you will have to export your private keys to another client in order to spend your MSC.
  • One or more links to something you have done to promote the MasterCoin project. We will accept blog posts, signature changes, relevant comments on forums, reddit posts and relevant comments, relevant comments on news articles, relevant comments on youtube videos, tweets, and probably numerous other things.

Periodically, a MasterCoin community member will come through and pay everybody with qualifying posts. They will determine how much your post is worth according to the rules posted here, and once they have cleared the payments with me, they will send a bit of MSC and test MSC to everybody who qualifies. I will then reimburse them (plus 10% for their effort) from the giveaway funds.

Obviously only one post will be accepted per bitcoin forum account on this thread, so promote first, then post about it.

Here are some typical payouts:
  • Just the minimum possible effort (like sending a tweet): 0.1 MSC
  • Extra effort (like writing a post supporting MSC on heavily trafficed reddit thread or changing your forum signature): 0.2 MSC
  • Multiple posts in multiple places, showing a solid understanding of the protocol: 0.3 MSC
  • Above and beyond the call of duty, like making a whole website, doing a presentation at a meetup (post your slides), or writing a post that is obviously getting a lot of attention: 0.4-0.9 MSC

At minimum, your efforts promoting this project should mention that this is a new protocol layer on top of bitcoin (not an alt-coin), and should link to the project announcement thread: (https://bitcointalk.org/index.php?topic=265488.0) For bonus points, you can mention the cool features MasterCoin enables.

Warning: people posting in a spammy way will not get anything! People who received MSC in the first giveaway are not eligible to get more. This thread is about getting MSC in the hands of new users.

When you receive your coins, it will look like two very small bitcoin payments - these two payments (one for MasterCoins and one for Test MasterCoins) are each part of a larger MasterCoin transaction, generated using this open source software I wrote: https://bitcointalk.org/index.php?topic=265488.msg2919863#msg2919863 (see the MasterCoin Specification for more on how this works: https://sites.google.com/site/2ndbtcwpaper/MasterCoin%20Specification.pdf). There are three different websites you can use currently to check that the coins were received successfully:


User Luckybit has volunteered to do the first wave of giveaways. Please be nice to him, as sending MasterCoins is still a tedious, painful process. It is possible that you may have to wait a few days before getting paid if he gets tired of doing this and I have to find someone else.

Posts for the current giveaway start here: https://bitcointalk.org/index.php?topic=272577.msg3403599#msg3403599

CryptoBeggar
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August 12, 2013, 11:32:30 PM
Last edit: August 21, 2013, 12:28:13 PM by CryptoBeggar
 #2

So far I've only managed to post on PPCTalk forum: http://www.ppcointalk.org/index.php?topic=450.0 . I read through specification provided and I hope my post is making any sense. Also upvoted on R*ddit.

I also added a link to this first transaction announcement to my signature. Thanks again!



I might provide an WordPress style entry in future, but not inside this 72 hour limitation.



BTC address: 1Cu3gkevrm5bAJAWabwiWMWw8DsVujDbMD


First MasterCoin protocol transaction -> https://bitcointalk.org/index.php?topic=265488.msg2940318#msg2940318; please refer to thread disclosed for more information
dacoinminster (OP)
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August 12, 2013, 11:35:35 PM
 #3

Sounds interesting. I'll be inspecting this feature in future, hope it works out.

Um, you'll need to post a bitcoin address as described above if you want to participate in the giveaway!

Plus, you need to do SOMETHING promotional (like tweet about this project) within 72 hours of your post (then edit your post to link to what you did).

BTW, I haven't done anything deserving so far but here is my BTC address:
1Cu3gkevrm5bAJAWabwiWMWw8DsVujDbMD

Oh good, you updated your post. Thanks!

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August 12, 2013, 11:50:49 PM
Last edit: August 13, 2013, 12:10:23 AM by mscharleneb
 #4

Sounds real great what you are doing with this project.

I have plans to really promote this for you.

I will be posting back in the imminent future Smiley

BTC:  1Ch5Cgoc5Yse5pVoP322QsrZfdo3xCwNbV


Thanks so much.

Wish you the best of luck in all of your endeavors!


EDIT: My first link that I've created to promote this project is on Reddit

http://www.reddit.com/r/giveaways/comments/1k8rxr/giveaway_thread_for_mastercoins_the_new_protocol/

More to come...

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August 13, 2013, 12:13:40 AM
Last edit: August 14, 2013, 04:46:47 PM by cbeast
 #5

I want to learn more about this. Some coin might be fun to play around with if they are useful. I don't want to promote something I know nothing about, but I'll check out what you've published about it. I reserved a BTC address 1mcnAR4d5waaD1WaDfH1gU9BuGmCwNNMe.

Shared on FB https://www.facebook.com/Lifeground?hc_location=stream
This looks legit so far. I'm still skeptical, but I think I understand what you are doing.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
dacoinminster (OP)
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August 13, 2013, 12:16:50 AM
 #6

EDIT: My first link that I've created to promote this project is on Reddit

http://www.reddit.com/r/giveaways/comments/1k8rxr/giveaway_thread_for_mastercoins_the_new_protocol/

More to come...

Added this to the OP:

Quote
If you upvote other peoples' threads about this project on reddit or elsewhere, mention that and I'll take it under consideration Smiley

dacoinminster (OP)
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August 13, 2013, 12:19:49 AM
 #7

I want to learn more about this. Some coin might be fun to play around with if they are useful. I don't want to promote something I know nothing about, but I'll check out what you've published about it. I reserved a BTC address 1mcnAR4d5waaD1WaDfH1gU9BuGmCwNNMe.

Ooooo you even made a vanity address!

mscharleneb
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August 13, 2013, 12:31:40 AM
 #8

Sounds real great what you are doing with this project.

I have plans to really promote this for you.

I will be posting back in the imminent future Smiley

BTC:  1Ch5Cgoc5Yse5pVoP322QsrZfdo3xCwNbV


Thanks so much.

Wish you the best of luck in all of your endeavors!


EDIT: My first link that I've created to promote this project is on Reddit

http://redd.it/1k8rxr

More to come...

EDIT:
http://redd.it/1k8tlz

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August 13, 2013, 01:04:42 AM
 #9

Because of how this is built, it exploits everyone's contributed hashpower without returning anything to those that don't opt-in to the system.

Please consider very carefully the possible issues this will cause, including possible "hard fork" scenarios if this method of alt-coining becomes popular.

There are hazards here that bear careful consideration, don't let the overall 'protocol' description throw you - this is a "Tragedy of the Commons" in the making (Common resources used without consideration for those who choose otherwise).

You've been warned.



fortitudinem multis - catenum regit omnia
dacoinminster (OP)
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August 13, 2013, 04:38:18 PM
Last edit: August 13, 2013, 05:12:14 PM by dacoinminster
 #10

Because of how this is built, it exploits everyone's contributed hashpower without returning anything to those that don't opt-in to the system.

Please consider very carefully the possible issues this will cause, including possible "hard fork" scenarios if this method of alt-coining becomes popular.

There are hazards here that bear careful consideration, don't let the overall 'protocol' description throw you - this is a "Tragedy of the Commons" in the making (Common resources used without consideration for those who choose otherwise).

You've been warned.

I explicitly designed this system to be censorship resistant (that is, it would be really hard to design a code change to bitcoin that would make MasterCoin unusable).

That said, MasterCoin pays for resources used via transaction fees, and everyone holding bitcoins will benefit if MasterCoins become popular.

Anybody else up for free coins? I just need an address and some proof that you helped promote the project. Even just tweeting about it counts.

History suggests that there should be a few hundred posts on a thread like this, but if things remain slow here those who did post will end up with a lot of coins!

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August 13, 2013, 06:50:56 PM
 #11

does it have to be the same Bitcoin address with which I "invested" into MasterCoin? What effect does it have if I do/don't use the same address?

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
dacoinminster (OP)
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August 13, 2013, 07:12:37 PM
 #12

does it have to be the same Bitcoin address with which I "invested" into MasterCoin? What effect does it have if I do/don't use the same address?

You can use the same address, or a different one. Your having some MasterCoins at that address won't prevent me from transferring some more to you Smiley

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August 14, 2013, 12:05:52 AM
 #13

I just funded the giveaway account with 527.98694444 MasterCoins (purchased for 4.2 BTC). Come and get them!

Here is the transaction:

http://blockchain.info/tx/b9fb3df0b70d0303c8f1d1ca194be9a796012693a53c17f0e6f428b8adec9970

mscharleneb
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August 14, 2013, 12:09:55 AM
 #14

Should we post a MasterCoin address for you?

If so,
JwLSWs55HLgfqGh9KqrA91sCEY3BooxK1C

Thanks in advance

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August 14, 2013, 05:46:34 AM
 #15

1HfXDX3ALapNebQC8stTdd5zK7kiCgvX9n

I posted this on August 1st.

Please do not pm me, use ron@bitcoin.org.il instead
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herzmeister
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August 14, 2013, 08:12:39 AM
Last edit: August 16, 2013, 02:46:55 PM by herzmeister
 #16

162sRqqkQQ126riANMqK9e6gFt35eDCGyi

thx  Smiley

EDIT:

I upvoted the Reddit threads.

I put it into my signature and will keep it there for a while at least for 2 months.

I posted on Twitter:
https://twitter.com/herzmeisterderw/status/368353629872218112

I introduced the project on alternative social networks (most members very privacy-aware, advocating decentralization, linux and free software)

https://diasp.org/u/herzmeister (federates to a whole lot of other pods, e.g. joindiaspora.com)
http://maple.libertreeproject.org/posts/show/18923
https://friendicared.net/display/24d6bf1c439632c21da06b4aebef14142f32acb4a00e71fce437bea6c283bfe2@friendicared.net

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
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August 14, 2013, 03:24:07 PM
 #17

1AgZvwAoNDFGkQYEF193RAm3qxipWAEFAH

posted on my FB page:
https://www.facebook.com/BTCMalaysia/posts/228737317275793

dacoinminster (OP)
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August 14, 2013, 03:47:02 PM
 #18

Should we post a MasterCoin address for you?

If so,
JwLSWs55HLgfqGh9KqrA91sCEY3BooxK1C

Thanks in advance

Wrong MasterCoin Smiley

See the note at the very top of the first post. This MasterCoin came first, and is something VERY different.

The first qualifying posts will be 72 hours old tomorrow, so the first transfers will happen then. After that, the next payouts will probably have to wait until Monday.

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August 14, 2013, 07:23:03 PM
 #19

Sounds interesting. I'll be inspecting this feature in future, hope it works out.

Um, you'll need to post a bitcoin address as described above if you want to participate in the giveaway!

Plus, you need to do SOMETHING promotional (like tweet about this project) within 72 hours of your post (then edit your post to link to what you did).

BTW, I haven't done anything deserving so far but here is my BTC address:
1Cu3gkevrm5bAJAWabwiWMWw8DsVujDbMD

Oh good, you updated your post. Thanks!


Okay I'd like some Mastercoins. Check out my signature, and I post quite a bit.

1FZ9VevcVXQseSAQPe3zuCzsWQavQpZo4g
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August 14, 2013, 07:48:21 PM
 #20


Okay I'd like some Mastercoins. Check out my signature, and I post quite a bit.

1FZ9VevcVXQseSAQPe3zuCzsWQavQpZo4g


Great idea! I assume you'll keep that signature through the end of the month when the giveaway ends?

As with everybody's posts in this thread, I'll wait at least 72 hours in case you come up with more ways to promote the project in the meantime.

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