MasterCoin Buyer/Seller Thread

[TomHirsch]

OMG!  BTC:1044$!

Doubled in 7 days.  Will it be $2000 next week?

[littleblue]

OMG!  BTC:1044$!

Doubled in 7 days.  Will it be $2000 next week?

maybe $20?   

[TomHirsch]

OMG!  BTC:1044$!

Doubled in 7 days.  Will it be $2000 next week?

maybe $20?   

Good buying opportunity.  I like it.

[JohnnyBTCSeed]

I want to buy 3 msc for .16btc each,   .48btc total

[Lilyreso]

please update my buying order from 10 @ 0.15 to 20 @ 0.16, thx!

[maxmint]

I want to buy 3 msc for .16btc each,   .48btc total

please update my buying order from 10 @ 0.15 to 20 @ 0.16, thx!

Order book updated.

[abuelau]

Please move my ask order to 1 MSC @ 0.21

[maxmint]

Please move my ask order to 1 MSC @ 0.21

Order book updated.

[klee]

Please move my ask order to 1 MSC @ 0.21

Order book updated.

Faster than light! 

[xchrix]

when i want to show MSC trades on cryptocoincharts.info
is this a good starting point? http://mastercoin-explorer.com/api_docs

[maxmint]

when i want to show MSC trades on cryptocoincharts.info
is this a good starting point? http://mastercoin-explorer.com/api_docs

Trading is still done manually until the decentralized exchange is working, so you won't get a meaningful price from the API yet.
The first row of the order book shows the last traded price, maybe you can read that data somehow?

[ewibit]

hmm...
meeting in virtual world...

[freebird]

when i want to show MSC trades on cryptocoincharts.info
is this a good starting point? http://mastercoin-explorer.com/api_docs

Trading is still done manually until the decentralized exchange is working, so you won't get a meaningful price from the API yet.
The first row of the order book shows the last traded price, maybe you can read that data somehow?

Is there any website with a chart of mastercoin prices since inception of this currency? Thanks.

[Pouncer]

when i want to show MSC trades on cryptocoincharts.info
is this a good starting point? http://mastercoin-explorer.com/api_docs

Trading is still done manually until the decentralized exchange is working, so you won't get a meaningful price from the API yet.
The first row of the order book shows the last traded price, maybe you can read that data somehow?

Is there any website with a chart of mastercoin prices since inception of this currency? Thanks.

There are no automated exchanges trading Mastercoins yet. The closest chart of historical trades is the ones compiled by escrow agents doing manual trading. You can see the chart here, and the trading history here

[freebird]

when i want to show MSC trades on cryptocoincharts.info
is this a good starting point? http://mastercoin-explorer.com/api_docs

Trading is still done manually until the decentralized exchange is working, so you won't get a meaningful price from the API yet.
The first row of the order book shows the last traded price, maybe you can read that data somehow?

Is there any website with a chart of mastercoin prices since inception of this currency? Thanks.

There are no automated exchanges trading Mastercoins yet. The closest chart of historical trades is the ones compiled by escrow agents doing manual trading. You can see the chart here, and the trading history here

Thanks. The thing that perplexes me about Mastercoin is that its price is so high relative to other altcoins, yet it's not even traded on exchanges yet. Doesn't seem to have much room to grow, unless people expect it to become worth 1 BTC or above. Thoughts?

Edit: I'm not trying to criticize Mastercoin, just to understand it. Is the intention that Mastercoin will become the new standard version of Bitcoin, i.e. that its features will be incorporated into Bitcoin itself? And if so, would the price of 1 MSC and 1 BTC be expected to equalize when that happens? Sorry if my questions sound dumb, but the Mastercoin concept seems a lot more complex than altcoins and I'm genuinely trying to learn. Thanks!

[jquinn]

Please move my ask order to 1 MSC @ 0.21

Order book updated.

Faster than light! 

Ain't he though? Maxmint + Pouncer is faster than Gox's trading engine. Do we even need a DEx?

[TomHirsch]

The thing that perplexes me about Mastercoin....

You are certainly perplexed.

its price is so high relative to other altcoins,

this is the reason you are perplexed.  

Doesn't seem to have much room to grow, unless people expect it to become worth 1 BTC or above.

Mastercoin IS bitcoin - but on steroids.  It is not an alternative coin.  

Is the intention that Mastercoin will become the new standard version of Bitcoin

No.  That implies that Mastercoin should 'replace' bitcoin.  Mastercoin does not.  Mastercoin simply operates in conjunction with bitcion.  It doesn't replace or 'better' bitcoin at all.  Bitcoin stands alone.  Mastercoin helps it be better.

1 MSC and 1 BTC be expected to equalize when that happens?

Probably not.  MSC will be a better more versatile vehicle than bitcoin which is merely a currency with an impenetrable ledger.  Mastercoin is many things - with the same impenetrable ledger.  Many things includes: securities; bets; contracts; smart properties; and a bunch of stuff we haven't fully put forth yet.

but the Mastercoin concept seems a lot more complex than altcoins

I don't think it is 'more complex' - but it is much more interesting, powerful and versatile.  Probably a many other things too.

For these reasons, among others, look for MSC to be greater than BTC in value in about 3 months.

[marcelus]

when i want to show MSC trades on cryptocoincharts.info
is this a good starting point? http://mastercoin-explorer.com/api_docs

Trading is still done manually until the decentralized exchange is working, so you won't get a meaningful price from the API yet.
The first row of the order book shows the last traded price, maybe you can read that data somehow?

Is there any website with a chart of mastercoin prices since inception of this currency? Thanks.

There are no automated exchanges trading Mastercoins yet. The closest chart of historical trades is the ones compiled by escrow agents doing manual trading. You can see the chart here, and the trading history here

Thanks. The thing that perplexes me about Mastercoin is that its price is so high relative to other altcoins, yet it's not even traded on exchanges yet. Doesn't seem to have much room to grow, unless people expect it to become worth 1 BTC or above. Thoughts?

Edit: I'm not trying to criticize Mastercoin, just to understand it. Is the intention that Mastercoin will become the new standard version of Bitcoin, i.e. that its features will be incorporated into Bitcoin itself? And if so, would the price of 1 MSC and 1 BTC be expected to equalize when that happens? Sorry if my questions sound dumb, but the Mastercoin concept seems a lot more complex than altcoins and I'm genuinely trying to learn. Thanks!

Looking at the price of an individual coin is a silly way to look at things. Look at the overall market capitalisation vs bitcoin and you will see the room for growth.

[TomHirsch]

Ain't he though? Maxmint + Pouncer is faster than Gox's trading engine. Do we even need a DEx?

True fact.

[TomHirsch]

Looking at the price of an individual coin is a silly way to look at things. Look at the overall market capitalisation vs bitcoin and you will see the room for growth.

That would be true if they were direct competitors like Litecoin.  They are not.  They work together.  However, Mastercoin will carry far more functionality than bitcoin.  Mastercoin will finally far exceed bitcoin in value.  Although bitcoin will always operate as the 'currency' portion of the system.  Mastercoin will serve other parts = many other parts.


'overall market cap' could be compared if these two served the same purpose.  They don't.  Mastercoin will perform a different function than bitcoin.  It won't replace it as a currency.  If it were a currency replacement (as Litecoin is) then this comparison might be interesting.  Mastercoin operates to enhance bitcoin - not replace it.  Litecoin attempts to replace it with some added differentiating features (not very interesting).  Mastercoin is not an altcoin.

Mastercoin is not an altcoin.   Mastercoin is not an altcoin.  Mastercoin is not an altcoin.
Say it a few times if it makes you more comfortable.