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Author Topic: MasterCoin Buyer/Seller Thread  (Read 225270 times)
maxmint
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December 11, 2013, 11:00:04 PM
 #2281

I would like to buy 100 mastercoins for 13btc
Please add my buy order 200 MSC @0.11 BTC, escrow needed, quantity negotiable.
Order book updated.

My PGP-Key: 462D02D8
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December 12, 2013, 05:41:55 AM
 #2282

What alias is behind buymastercoin.org? dacoinminster?

Not I! I believe it's somebody in Israel. Ron (our Executive Director) knows him personally. Typically he handles dark orders from buyers and sellers who wish to remain anonymous.

I believe he has a buymastercoin forum user which he uses for communication on this thread.

Ok I see thanks for your answer. Who is behind mastercoin.org then?
Who are you? INQUISITION SACRA?
Just wonder since buymastercoin.com is recommended on mastercoin.org and they are selling the coins four times the market price. I'm thinking about opening my own exchange, would the mastercoin foundation putt it on the webpage then? I would only take double the market price.

Who are you klee?

 

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peled1986
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December 12, 2013, 07:24:54 AM
 #2283

What alias is behind buymastercoin.org? dacoinminster?

Not I! I believe it's somebody in Israel. Ron (our Executive Director) knows him personally. Typically he handles dark orders from buyers and sellers who wish to remain anonymous.

I believe he has a buymastercoin forum user which he uses for communication on this thread.

Ok I see thanks for your answer. Who is behind mastercoin.org then?
Who are you? INQUISITION SACRA?
Just wonder since buymastercoin.com is recommended on mastercoin.org and they are selling the coins four times the market price. I'm thinking about opening my own exchange, would the mastercoin foundation putt it on the webpage then? I would only take double the market price.

Who are you klee?

I would also like to hear the answer to this question - would the mastercoin foundation put more "private exchanges" on the webpage?

I think buymastercoin.org typically handles orders from buyers that are new to mastercoin that don't know the MSC/BTC price and instead of doing the smart thing and check they are effected by the foundation webpage – I am new here and I contacted buymastercoin.org in the beginning and almost did the "mistake" of buying from him because I thought its "recommended" by the foundation.

There were a few posts of new buyers of MSC that felt “a bit” misled by the foundation.

I don’t know many anonymous buyers that want to buy at X3-4 the market price, instead of buying anonymously using the order book.

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DarkEmi
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December 12, 2013, 08:33:46 AM
 #2284

Hello guys,

As most of the people here I got really interested by mastercoin features in the recent months, however the google doc "order book" is not an very simple solution to trade mastercoin, and I feel that neither is the buymastercoin website which for many reason seems like the official recommended solution.

Thats why we have started developing an "real" exchange (where people can set up their own prices) for mastercoins / bitcoins which should be ready hopefully in a few days. Most of the development is done and we are just testing the system right now. So until the distributed exchange is there we will be offering a convenient way to trade mastercoin, hopefully helping in the price discovery process and proposing a fairer price than the current easy to use solutions.

Ps : I am not in any way related to the mastercoin fundation or do have any mastercoin. Also note that we are doing this project outside of any official mastercoin bounty.

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Doron404
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December 12, 2013, 08:48:05 AM
 #2285

OK, just thought you should know,

1. Although repeated promises from Peezer, I haven't got a single mili-bit back.

2. Since he started replaying here again, The thief's address became active too,
    Getting few small payments, and immediately sending those payments somewhere else.
    
I hope no one is making the mistake of trusting him.


* Pouncer, if you like you can post the detailed of this case in the
   Scammers form.
peled1986
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December 12, 2013, 08:59:34 AM
 #2286

Please add my sell order 40 MSC @0.15 BTC, escrow needed, quantity negotiable.

Also cancel my other sell orders.


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maxmint
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December 12, 2013, 10:18:40 AM
 #2287

Please add my sell order 40 MSC @0.15 BTC, escrow needed, quantity negotiable.

Also cancel my other sell orders.
Order book updated.

My PGP-Key: 462D02D8
Verify my messages using keybase: https://keybase.io/maxmint
klee
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December 12, 2013, 01:46:54 PM
 #2288

Hello guys,

As most of the people here I got really interested by mastercoin features in the recent months, however the google doc "order book" is not an very simple solution to trade mastercoin, and I feel that neither is the buymastercoin website which for many reason seems like the official recommended solution.

Thats why we have started developing an "real" exchange (where people can set up their own prices) for mastercoins / bitcoins which should be ready hopefully in a few days. Most of the development is done and we are just testing the system right now. So until the distributed exchange is there we will be offering a convenient way to trade mastercoin, hopefully helping in the price discovery process and proposing a fairer price than the current easy to use solutions.

Ps : I am not in any way related to the mastercoin fundation or do have any mastercoin. Also note that we are doing this project outside of any official mastercoin bounty.

Thank god someone is finally doing this.
+1

The foundation should have done it in parallel since day 1, at least lobby Cryptsy/Bter etc to add MSC too. The latter is happening now btw...
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December 12, 2013, 02:22:03 PM
 #2289

I saw that there is a 2000$ bounty for a BTC / LTC / PPC / MSC.

We will only have BTC / MSC at first but I think thats what needed in the beginning. We would quite like to get the bounty if thats possible. Also, considering we are almost ready for launch, it seems a bit redundant to  lobby the other exchange for it.

Just my 2mastercents thought.

However the lack of a standardised "mastercoind" is troublesome to do an exchange, we will be doing witdhrawals largely manually in the beginning.

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p2pbucks
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December 12, 2013, 03:21:19 PM
 #2290


I'd like to make 3 comments based on some of the comments posted following my statement.

1. My ongoing role in settling this issue
I've seen repeated comments saying "if Pouncer agrees....", or something to that effect. I'd like to state that going forward, there is nothing that needs my agreement or approval to settle this issue. The buyer sent BTC to an address that was not an escrow address controlled by me. As an escrow agent, my task was to hold the BTC on behalf of the trading parties until the buyer was satisfied that the MSC has been delivered by the seller. Since the BTC bypassed me, there is nothing I could do now because that escrow trade has obviously been aborted due to the incident.

Regarding disclosure of private information of that trade, I am not at liberty to do so. However, nothing is stopping the trading parties to disclose such information should they wish to do so. Again, my consent is not required.

2. My liability on this trade
I'd like to thank Doron404 for his understanding in absolving me of any liabilities. I'd also like to thank other users who share the same opinion.

3. My future role as an escrow agent
I have the benefit of access to the entire trading history & trade information since we started the escrow form system. I have received additional information through PMs from other users regarding this issue. I have also spent considerable time digging into and analyzing relevant information in the public domain surrounding this issue.

Based on the above, I have reasons to believe that this may not be a random scam. As a precaution, and in the interest of traders using my escrow services, and of myself, I have decided that it is in the interest of all parties that I do not continue as an MSC escrow agent.

I appreciate the trust place on me by traders who have used my services. Thank you very much. I believe there are others who are willing and capable to temporarily fill this role before the DEx is launched. I'm also a small investor in MSC and am looking forward to its imminent launch.

Cheers!

Sorry to hear that  Sad
You've done a good job .
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December 12, 2013, 07:24:52 PM
 #2291

Hello guys,

As most of the people here I got really interested by mastercoin features in the recent months, however the google doc "order book" is not an very simple solution to trade mastercoin, and I feel that neither is the buymastercoin website which for many reason seems like the official recommended solution.

Thats why we have started developing an "real" exchange (where people can set up their own prices) for mastercoins / bitcoins which should be ready hopefully in a few days. Most of the development is done and we are just testing the system right now. So until the distributed exchange is there we will be offering a convenient way to trade mastercoin, hopefully helping in the price discovery process and proposing a fairer price than the current easy to use solutions.

Ps : I am not in any way related to the mastercoin fundation or do have any mastercoin. Also note that we are doing this project outside of any official mastercoin bounty.

+100
looking forward to work with it!
a question: how can we know we can safely transfer funds to your exchange?
Are you going to leave some BTC as escrow here?
There were just too many horror stories lately...
 

Bitrated user: ofer.
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December 12, 2013, 07:46:41 PM
 #2292

Hello guys,

As most of the people here I got really interested by mastercoin features in the recent months, however the google doc "order book" is not an very simple solution to trade mastercoin, and I feel that neither is the buymastercoin website which for many reason seems like the official recommended solution.

Thats why we have started developing an "real" exchange (where people can set up their own prices) for mastercoins / bitcoins which should be ready hopefully in a few days. Most of the development is done and we are just testing the system right now. So until the distributed exchange is there we will be offering a convenient way to trade mastercoin, hopefully helping in the price discovery process and proposing a fairer price than the current easy to use solutions.

Ps : I am not in any way related to the mastercoin fundation or do have any mastercoin. Also note that we are doing this project outside of any official mastercoin bounty.

+100
looking forward to work with it!
a question: how can we know we can safely transfer funds to your exchange?
Are you going to leave some BTC as escrow here?
There were just too many horror stories lately...
 


I agree with this. He should send Maxmint some BTC so we have some kind of security you wont leave with our MSC or BTC.
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December 12, 2013, 08:22:14 PM
 #2293

Hello guys,

As most of the people here I got really interested by mastercoin features in the recent months, however the google doc "order book" is not an very simple solution to trade mastercoin, and I feel that neither is the buymastercoin website which for many reason seems like the official recommended solution.

Thats why we have started developing an "real" exchange (where people can set up their own prices) for mastercoins / bitcoins which should be ready hopefully in a few days. Most of the development is done and we are just testing the system right now. So until the distributed exchange is there we will be offering a convenient way to trade mastercoin, hopefully helping in the price discovery process and proposing a fairer price than the current easy to use solutions.

Ps : I am not in any way related to the mastercoin fundation or do have any mastercoin. Also note that we are doing this project outside of any official mastercoin bounty.
It's about time! Smiley

What exchange site is it? Are you adding msc to existing one,
or opening a new exchange for MSCs??
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December 12, 2013, 08:35:36 PM
 #2294

Hello guys,

As most of the people here I got really interested by mastercoin features in the recent months, however the google doc "order book" is not an very simple solution to trade mastercoin, and I feel that neither is the buymastercoin website which for many reason seems like the official recommended solution.

Thats why we have started developing an "real" exchange (where people can set up their own prices) for mastercoins / bitcoins which should be ready hopefully in a few days. Most of the development is done and we are just testing the system right now. So until the distributed exchange is there we will be offering a convenient way to trade mastercoin, hopefully helping in the price discovery process and proposing a fairer price than the current easy to use solutions.

Ps : I am not in any way related to the mastercoin fundation or do have any mastercoin. Also note that we are doing this project outside of any official mastercoin bounty.

Sweet Smiley

Centralized exchanges will probably stick around even after the decentralized exchange comes out, because they'll offer a lot faster order fulfillment for people like day-traders. Plus, they'll be able to integrate with the distributed exchange.

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December 12, 2013, 09:07:30 PM
 #2295

Selling 100 msc @ 0.14

please add to order book, thanks.

quick responses, and quick trades. i'm here all day.
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December 12, 2013, 09:16:20 PM
 #2296

I saw that there is a 2000$ bounty for a BTC / LTC / PPC / MSC.

We will only have BTC / MSC at first but I think thats what needed in the beginning. We would quite like to get the bounty if thats possible. Also, considering we are almost ready for launch, it seems a bit redundant to  lobby the other exchange for it.

Just my 2mastercents thought.

However the lack of a standardised "mastercoind" is troublesome to do an exchange, we will be doing witdhrawals largely manually in the beginning.

They appear to be the operators of btcoracle.com, which has been running for some time now.

That should give them some credibility. They could've left with other people's coins by now, but instead they are building infrastructure for new markets, which is great and comendable.

Nothing is 100% certain though. Always try new things with small amounts.
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December 12, 2013, 10:22:36 PM
 #2297

Hi there,

Just taking a quick break to answer a few questions about the exchange DarkEmi and I are working on.

The exchange will be a new one dedicated to BTC / MSC trading exclusively for now.

We hope this few things will help you trust us: our names are no secret, we are operating BTCOracle.com for almost a year now, making combined payouts of 1000+ bitcoins and our main focus is on security and safety of users' funds. We already worked hard to make this project a reality and I'm sure everyone will see it's far from a cheap attempt to grab a few coins and run. We're in it for the long run. If you're still not convinced, I'm sure the return on experience from our first users will.

To ensure a sustainable business model, we'll charge fees on trades, as most exchanges do.
Since the MSC ecosystem is still a bit young, and we want to limit every potential risk of a theft, all withdrawals will be processed by hand to begin with. Once more tools become available, we'll automate more and more. To prevent the risk of being overwhelmed by lots of small withdrawal requests, we'll also charge a small fixed fee for each withdrawal.

Ultimately, we hope to offer an easy, secure and cheap way to buy and sell MSC until the distributed exchange is fully operational. We love the idea of Mastercoin and want to bring our small contribution to help make it all it can be.

With the help of the community, I'm confident this can be a nice tool for Mastercoin.

All advices and questions are welcomed.




The first Mastercoin / Bitcoin exchange : https://masterxchange.com
Predict the futur price of Bitcoin and win on http://btcoracle.com
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December 13, 2013, 12:32:58 AM
 #2298

How long will it take to do a withdrawal? My policy with any account based system is not to leave any more in than I'm willing to lose, and to only leave funds in for the absolute minimum time to do the trade or other business. This applies to banks as well as crypto currencies. Recently, a Protoshares exchange (very convenient to use), Coingrounds spin-off, was hacked and lost all BTC.
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December 13, 2013, 01:34:44 AM
 #2299

We will try to do it every 24hours at least, but it could sometimes take 48h.

Keep in mind that we will actually store the coins in an offline computer, so thats why the process will be slow, but much much safer than an automated online hot wallet.

So I don't necessarly think that faster is safer. If history is a good example, most of the exchanges that have been hacked were actually using instant-withdrawals hot wallets which allowed them to be wiped very fast. I also think many hacks were probably insider theft but thats another story as well.

Also, in case your account gets hacked (which should not be the case if you use 2FA), this leave you with ample time to see that someone ordered a withdraw from your account and to contact us.

For us it seems like the safest approach and thats what is our priority.

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December 13, 2013, 01:40:00 AM
 #2300

But yeah, I should probably add that I think your policy of removing coins right after a trade is a very good practice and thats what I would do as well if I did not knew ourselves Wink

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