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Author Topic: MasterCoin Buyer/Seller Thread  (Read 221921 times)
bitexch
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December 17, 2013, 04:18:06 PM
 #2421

Does the foundation have no responsibility at all for the sites it promotes? Does Ron Gross - Board Member / Executive Director and J.R. Willett Mastercoin Protocol Founder / Board Treasurer have no opinion about this matter? I would really appreciate to hear their opinion or anyone of the Mastercoin Foundation Board of Directors opinion on this subject. The sooner the better 


It seems like the executive director is involved in this ripoff in some way.
If Ron is involved, you can vote him out of the Executive Director position next election.  I think if Ron knows the guy, he ought to fully disclose that now.  

I demand that Ron speak up on this topic - or held accountable next election.  The ExDir shouldn't have buymastercoins.com as a 'friend'.  If so, then people will think the whole thing is rigged.  It is just bad business keeping friends like that.

Ron?

My intention was not to start a witch-hunt; I thought I remembered hearing/reading that Ron knows the buymastercoin guy, but I do not have a source to support that, so please don't rely on me for that information. As I just wrote, I think buymastercoin's affiliation with the foundation is bogus.
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December 17, 2013, 04:25:05 PM
 #2422

Guys, it's a free market. If people are willing to pay over 0.30 BTC for their MSC, it means that they're really in love with the idea and not in love with flipping quick MSC for profit.

I take it as a really good sign for Mastercoin that people are willing to put a value of over 0.30 BTC per 1 MSC. All you guys would have to do is stop selling at lower prices and force people to buy at 0.30+

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December 17, 2013, 04:26:52 PM
 #2423

Selling 5 MSC @ 0.16, priced for a quick sale
bitexch
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December 17, 2013, 04:28:59 PM
 #2424

Guys, it's a free market. If people are willing to pay over 0.30 BTC for their MSC, it means that they're really in love with the idea and not in love with flipping quick MSC for profit.

It doesn't necessarily mean that, at all. It more likely means that they don't know what the actual market price of MSC is. Even if they loved the idea, would they voluntarily pay ~3x the market valuation to show how much they love it???

EDIT: But I certainly don't think buymastercoin should be 'blamed' for deceiving people into paying a higher price. If their goal is to make a profit, they're doing a great job...
Patel
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December 17, 2013, 04:33:12 PM
 #2425

Guys, it's a free market. If people are willing to pay over 0.30 BTC for their MSC, it means that they're really in love with the idea and not in love with flipping quick MSC for profit.

It doesn't necessarily mean that, at all. It more likely means that they don't know what the actual market price of MSC is. Even if they loved the idea, would they voluntarily pay ~3x the market valuation to show how much they love it???

EDIT: But I certainly don't think buymastercoin should be 'blamed' for deceiving people into paying a higher price. If their goal is to make a profit, they're doing a great job...

Everyone is in this game to make profit. Everyone is in everything to make profit. If people can't do their own research and find the market price, than so be it. They will buy at a higher price if they want, and if they due diligence on the price, they will find the best price.

The sellers set the prices they want to sell at, so stop attacking all these people for selling at higher prices than market. The 0.3 price is cheaper than the 0.7 that dacoinminister (founder) is selling, so everyone should stop busting buymastercoin's balls.

Especially DGulari, this guy is always flipping shit on all mastercoin threads, accusing some people of scammers and such. Because he can't find any buyers for his prefunded order..
bitexch
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December 17, 2013, 04:37:25 PM
 #2426

Guys, it's a free market. If people are willing to pay over 0.30 BTC for their MSC, it means that they're really in love with the idea and not in love with flipping quick MSC for profit.

It doesn't necessarily mean that, at all. It more likely means that they don't know what the actual market price of MSC is. Even if they loved the idea, would they voluntarily pay ~3x the market valuation to show how much they love it???

EDIT: But I certainly don't think buymastercoin should be 'blamed' for deceiving people into paying a higher price. If their goal is to make a profit, they're doing a great job...

Everyone is in this game to make profit. Everyone is in everything to make profit. If people can't do their own research and find the market price, than so be it. They will buy at a higher price if they want, and if they due diligence on the price, they will find the best price.

The sellers set the prices they want to sell at, so stop attacking all these people for selling at higher prices than market.

Especially DGulari, this guy is always flipping shit on all mastercoin threads, accusing some people of scammers and such. Because he can't find any buyers for his prefunded order..

You misunderstood what I said: I am not attacking anybody for selling higher. Although the aggressiveness and 'toughness' with which you express your lack of sympathy for those who fail to do their due diligence supports Mastercoin's reputation for being unfriendly to newcomers, and so if you would like the value of your MSCs to increase, it is in your best interest to at least express yourself less dismissively.
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December 17, 2013, 04:37:31 PM
 #2427

Guys, it's a free market. If people are willing to pay over 0.30 BTC for their MSC, it means that they're really in love with the idea and not in love with flipping quick MSC for profit.

It doesn't necessarily mean that, at all. It more likely means that they don't know what the actual market price of MSC is. Even if they loved the idea, would they voluntarily pay ~3x the market valuation to show how much they love it???

EDIT: But I certainly don't think buymastercoin should be 'blamed' for deceiving people into paying a higher price. If their goal is to make a profit, they're doing a great job...

Everyone is in this game to make profit. Everyone is in everything to make profit. If people can't do their own research and find the market price, than so be it. They will buy at a higher price if they want, and if they due diligence on the price, they will find the best price.

The sellers set the prices they want to sell at, so stop attacking all these people for selling at higher prices than market. The 0.3 price is cheaper than the 0.7 that dacoinminister (founder) is selling, so everyone should stop busting buymastercoin's balls.

Especially DGulari, this guy is always flipping shit on all mastercoin threads, accusing some people of scammers and such. Because he can't find any buyers for his prefunded order..
He is the same guy as TKeenan and probably Tom Hirsch - just hit Ignore..

BTC: 1K9atu5zgz7izCMAynk5adBJ8Qn2YgS6nT
Patel
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December 17, 2013, 04:38:29 PM
 #2428

He is the same guy as TKeenan and probably Tom Hirsch - just hit Ignore..
I think you are absolutely correct.
stereotype
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December 17, 2013, 04:57:49 PM
 #2429

He is the same guy as TKeenan and probably Tom Hirsch - just hit Ignore..
I think you are absolutely correct.

Ditto
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December 17, 2013, 05:12:50 PM
 #2430

My intention was not to start a witch-hunt; I thought I remembered hearing/reading that Ron knows the buymastercoin guy, but I do not have a source to support that, so please don't rely on me for that information.

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.

I think this is the source you read that supports it. I am also against a witch-hunt, I just think that Ron should comment about his relationship / opinion on http://www.buymastercoin.com/.

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bitexch
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December 17, 2013, 05:24:43 PM
 #2431

My intention was not to start a witch-hunt; I thought I remembered hearing/reading that Ron knows the buymastercoin guy, but I do not have a source to support that, so please don't rely on me for that information.

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.

I think this is the source you read that supports it. I am also against a witch-hunt, I just think that Ron should comment about his relationship / opinion on http://www.buymastercoin.com/.

+1
Thanks for the source.
ofer
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December 17, 2013, 05:29:55 PM
 #2432

Hi all,

I want to comment on the buymastercoin topic.
First of all - I don't know the operator of the site - I am speaking for myself only.

There are other sites like this for Bitcoin as well, you can look at:
https://www.coinmama.com/#buy
ebay, etc.

All of them are selling bitcoins for a very high rate.

I think that these sites are legit:
These sites serves as a short cut for people that just don't do or don't want to do their homework.

These kind of sites are serving a good purpose, not everyone should know the forums and trust this forum price, especially newcomers that wants to get on the train before it leaves, and don't have the time to learn.

The same thing happens in my bank as well - the interest rates for deposits are always lower than the interest rates I can get if I buy state bonds.
This is how economy works.

I also think that the mastercoin foundation didn't do any harm in publishing it. As a follower of mastercoin from its first day, I can say that they published it in mastercoin.org when nothing else was happening as a PR for mastercoin eco-system.
The Google spreadsheet was always published as well.

Just because someone (very smart I guess) is making money doesn't make him a thief.

Hope this helps.

Bitrated user: ofer.
bitexch
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December 17, 2013, 05:34:43 PM
 #2433

Just because someone (very smart I guess) is making money doesn't make him a thief.

+1.
But again, I would contest your claim that buymastercoin is associated with the mastercoin foundation; there is no link to buymastercoin.com on mastercoinfoundation.org, only mastercoin.org

EDIT: Or at least, I would need one of the board members to tell us that the foundation owns the domain name mastercoin.org
peer2peer360
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December 17, 2013, 06:12:16 PM
 #2434

Question if i purchased a product and/or service without performing due diligence,  am i not the one to blame?

If i fail to do my own research or homework before i made an important decision then who am i to blame?

If i bought a home at $500,000 usd & the home is only worth 275,000 usd is it rightfully to call
The real estate agent or the home owner a scammer because i  agreed to pay that price & i fail to the proper thing  (due diligence)?

If & when mastercoins is worth $1000 a piece will those who scream scam be saying the same thing by then?

May 2014 be a prosperous year for you

Best regards
Peer2peer360

jeroenn13
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December 17, 2013, 06:26:26 PM
 #2435

Question if i purchased a product and/or service without performing due diligence,  am i not the one to blame?

If i fail to do my own research or homework before i made an important decision then who am i to blame?

If i bought a home at $500,000 usd & the home is only worth 275,000 usd is it rightfully to call
The real estate agent or the home owner a scammer because i  agreed to pay that price & i fail to the proper thing  (due diligence)?

If & when mastercoins is worth $1000 a piece will those who scream scam be saying the same thing by then?

May 2014 be a prosperous year for you

Best regards
Peer2peer360



I agree, +1
hmmmstrange
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December 17, 2013, 06:38:20 PM
 #2436

Question if i purchased a product and/or service without performing due diligence,  am i not the one to blame?

If i fail to do my own research or homework before i made an important decision then who am i to blame?

If i bought a home at $500,000 usd & the home is only worth 275,000 usd is it rightfully to call
The real estate agent or the home owner a scammer because i  agreed to pay that price & i fail to the proper thing  (due diligence)?

If & when mastercoins is worth $1000 a piece will those who scream scam be saying the same thing by then?

May 2014 be a prosperous year for you

Best regards
Peer2peer360



There should be 2 real estate agents involved. If your agent was in cahoots with the selling agent then yes, your agent is a scammer. If your agent is acting as both the buying agent and selling agent, again they are responsible for not scamming either of the buyer or seller.
hmmmstrange
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December 17, 2013, 06:40:56 PM
 #2437

Just because someone (very smart I guess) is making money doesn't make him a thief.

+1.
But again, I would contest your claim that buymastercoin is associated with the mastercoin foundation; there is no link to buymastercoin.com on mastercoinfoundation.org, only mastercoin.org

EDIT: Or at least, I would need one of the board members to tell us that the foundation owns the domain name mastercoin.org

Ron Gross owns mastercoin.org.
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December 17, 2013, 06:51:18 PM
 #2438

If you have a secure BTC wallet it will also be secure for your MSC.
At this point there is no MSC wallet yet, they are simply in your BTC wallet.

As long as you have the private keys to your wallet you can have your mastercoins in there as well.
You shouldn't pay extra for information that is free to find.

If you have questions about Mastercoin you should ask them in this thread:
https://bitcointalk.org/index.php?topic=265488.2560



Thank you for the thread info.

I have researched it a bit. So a btc wallet with no btc in it is fine, as long as I have the private key?

It seems the steps would be, 1) find seller on this thread, 2) arrange to buy , send BTC payment, 3) check master chest.info that the coins are really on the wallet

Am I missing anything?

Are there some sellers on here more trusted than others that you all would recommend to fill my order? I have a good feeling about this thread and the sellers in general. Someone pointed out maxmint. I will contact him. Any others? Thanks much.
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December 17, 2013, 06:54:55 PM
 #2439

If you have a secure BTC wallet it will also be secure for your MSC.
At this point there is no MSC wallet yet, they are simply in your BTC wallet.

As long as you have the private keys to your wallet you can have your mastercoins in there as well.
You shouldn't pay extra for information that is free to find.

If you have questions about Mastercoin you should ask them in this thread:
https://bitcointalk.org/index.php?topic=265488.2560



Thank you for the thread info.

I have researched it a bit. So a btc wallet with no btc in it is fine, as long as I have the private key?

It seems the steps would be, 1) find seller on this thread, 2) arrange to buy , send BTC payment, 3) check master chest.info that the coins are really on the wallet

Am I missing anything?

Are there some sellers on here more trusted than others that you all would recommend to fill my order? I have a good feeling about this thread and the sellers in general. Someone pointed out maxmint. I will contact him. Any others? Thanks much.

You can use http://mcoin.io
You can create a buy order and if someone wants to fill it, use maxmint for escrow.
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December 17, 2013, 07:01:23 PM
 #2440

Just because someone (very smart I guess) is making money doesn't make him a thief.

+1.
But again, I would contest your claim that buymastercoin is associated with the mastercoin foundation; there is no link to buymastercoin.com on mastercoinfoundation.org, only mastercoin.org

EDIT: Or at least, I would need one of the board members to tell us that the foundation owns the domain name mastercoin.org

Ron Gross owns mastercoin.org.

Mastercoin.org and mastercoinfoundation.org are the property of Mastercoin Foundation, Inc. a Delaware registered non-profit corporation.

Ron has disclosed multiple times that he knows the guy running buymastercoin and therefor stays out of decisions involving that entity. I think he even says it in a video somewhere...

Could anyone explain me please in average Joe words how can I purchase MC, does it have it's own client, where my MCs would be stored etc,e tc as I don't understand a shit about this but would test my luck investing few satoshis.


Unfortunately as far as I know the only real way to do orders right now is buymastercoin.com/
From what I hear it's very hard to get liquidity otherwise.

HUGE DISCLAIMER: The owner of buymastercoin is a friend of mine, and most of my information about the market is from him. So buyer beware, do your homework. If you manage to buy via OTC in a cheaper price, power to you!


Initially there were (still are) a ton of links on the mastercoin.org website, which is going to get redesigned because it looks like a spaghetti monster of links, and it was thought that the link to buymastercoin would help people who didn't have the time to negotiate with people on the order book.  That link now goes to a wiki page were anyone can add their exchange, order book or whatever for buying/selling.  


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