MasterCoin Buyer/Seller Thread

[Patel]

We worked very hard for several weeks to launch in beta the first mastercoin real exchange :

https://masterxchange.com/

We are open to all suggestions and remarks !

Hmm it looks good. Trust is the main factor here.

0.01btc/0.02btc to withdraw? don't you think its a little too high?

[DarkEmi]

We worked very hard for several weeks to launch in beta the first mastercoin real exchange :

https://masterxchange.com/

We are open to all suggestions and remarks !

Hmm it looks good. Trust is the main factor here.

0.01btc/0.02btc to withdraw? don't you think its a little too high?

Yes it might be.

- Mastercoins transactions are done manually since there is no official mastercoin client. As such, they are highly risky and time consuming. Since we don't want to be flooded with small withdrawals, we need this limit to be able to process all withdrawals.

Once everything will be automated and we are confident our system is 100% secure we will be able to lower this limitation.

So far it is also a security issue : We store most of the funds offline so it take times to withdraw them. We are really obsessively paranoid in our security mesures but of course nobody should trust us blindly. There is not even any exploitable wallet on the production environement.

We don't really have a proof except that we have computer security background and that no ones has managed to steal any amounts of coins from our previous business btcoracle.com

[crazy_rabbit]

We worked very hard for several weeks to launch in beta the first mastercoin real exchange :

https://masterxchange.com/

We are open to all suggestions and remarks !

Hmm it looks good. Trust is the main factor here.

0.01btc/0.02btc to withdraw? don't you think its a little too high?

Yes it might be.

- Mastercoins transactions are done manually since there is no official mastercoin client. As such, they are highly risky and time consuming. Since we don't want to be flooded with small withdrawals, we need this limit to be able to process all withdrawals.

Once everything will be automated and we are confident our system is 100% secure we will be able to lower this limitation.

So far it is also a security issue : We store most of the funds offline so it take times to withdraw them. We are really obsessively paranoid in our security mesures but of course nobody should trust us blindly. There is not even any exploitable wallet on the production environement.

We don't really have a proof except that we have computer security background and that no ones has managed to steal any amounts of coins from our previous business btcoracle.com

Well I'm pro! Its nice to move the ecosystem along, and this certainly helps!

[DarkEmi]

We worked very hard for several weeks to launch in beta the first mastercoin real exchange :

https://masterxchange.com/

We are open to all suggestions and remarks !

2% trade fee and 0.01 to 0.02 withdrawal fee? Exhorbitant much.

Our exchange is a temporary solution waiting for the distributed exchange. As such, we don't know how long our service will be used.

Also, we will probably do lower fees for frequent traders.

We might lower fees at a later time anyway

[Patel]

I would recommend changing the logo to link to the homepage and not the mastercoin.org site.

[prophetx]

We worked very hard for several weeks to launch in beta the first mastercoin real exchange :

https://masterxchange.com/

We are open to all suggestions and remarks !

2% trade fee and 0.01 to 0.02 withdrawal fee? Exhorbitant much.

i think they have a right to charge whatever they want.  these folks took time out of their life to make this happen without anyone paying them anything to do this.

i think people deserve to get paid for their hard work.

[prophetx]

sorry for spamming the thread but i'm trying to find these folks.... so they can get paid

the documentation contest is complete, thanks for all the hard work everyone!

there are a few people who still haven't submitted their btc address and email.  if this is your trello username, please post on the left most trello card so we can wrap this up.

thanks again and great job, we have over 50 pages and 50+ FAQ items!

https://docs.google.com/spreadsheet/ccc?key=0AjAYAEsUDop2dENDc2tqNVR2RUIybTFEVTJFVjVadXc&usp=drive_web#gid=0

https://trello.com/b/5lolIlqc/documentation-contest-1

need btc and email address for:

@jakecunning
@jamesknight313
@fordlincoln
@michaelbulkley

need emails for

@assafshomer
@wes14

need btc address for
@rolandkofler

the payment amounts in btc will be pegged to a certain date, once I get confirmation from JR when the payment date will happen.

still missing

need btc and email address for:

@jamesknight313
@fordlincoln
@michaelbulkley
LuckyBit

need email for

@assafshomer

[DarkEmi]

I would recommend changing the logo to link to the homepage and not the mastercoin.org site.

Done.

[Patel]

I would recommend changing the logo to link to the homepage and not the mastercoin.org site.

Done.

I like the site overall, well done. Lets get some volume on here.

[DarkEmi]

Thank you sir Patel ! Congrats on creating the first sell order

There is still a lot of work to do on the user interface and there is still probably a few bugs and glitche in the interface, but the trading engine should be really stable

[prophetx]

Thank you sir Patel ! Congrats on creating the first sell order

There is still a lot of work to do on the user interface and there is still probably a few bugs and glitche in the interface, but the trading engine should be really stable

i want to write about you guys on the blog, but as there is no information about who you are or any type of legal entity behind this I am hesitant, especially after the drama with buymastercoins.  

no disrespect is intended, i am just a very careful person and that care extends to my communications, which is why i replaced the link to buymastercoin last week on the website to go to the wiki instead.

as an aside i was very skeptical of sheep marketplace, told my friends to avoid it and was proven right...

would you be willing to publish some kind of information and/or have known people verify you?  i think it is only fair if you are asking for people's business and collecting fees.  

glad to see the site up!!

[DarkEmi]

Thank you sir Patel ! Congrats on creating the first sell order

There is still a lot of work to do on the user interface and there is still probably a few bugs and glitche in the interface, but the trading engine should be really stable

i want to write about you guys on the blog, but as there is no information about who you are or any type of legal entity behind this I am hesitant, especially after the drama with buymastercoins.  

no disrespect is intended, i am just a very careful person and that care extends to my communications, which is why i replaced the link to buymastercoin last week on the website to go to the wiki instead.

as an aside i was very skeptical of sheep marketplace, told my friends to avoid it and was proven right...

would you be willing to publish some kind of information?  i think it is only fair if you are asking for people's business and collecting fees.  

glad to see the site up!!

Sure, we could give you our facebook linked to our real life indentities, proof that we own btcoracle.com, etc. etc.

Just ask. Well I can state it my name is Emilien Dutang / 33 / France. There might be some stuff on me around on the internet, not sure if much of it is relevant thought. If someone has any doubt that its me I can facebook share or whatever. Anybody that has gone to a bitcoin meetup in Paris might have seen me. I was also at amsterdam, londres..
I am very willing to meet any mastercoin users that comes into Paris around a meal.

Legal is a grey aera, lets just say if the business gets really sucessfull we will do whatever is needed to be legally protected from any authority. We're not there yet.

We are actually working with legal authority for some other business but france legislation is very very conservative

[prophetx]

Thank you sir Patel ! Congrats on creating the first sell order

There is still a lot of work to do on the user interface and there is still probably a few bugs and glitche in the interface, but the trading engine should be really stable

i want to write about you guys on the blog, but as there is no information about who you are or any type of legal entity behind this I am hesitant, especially after the drama with buymastercoins.  

no disrespect is intended, i am just a very careful person and that care extends to my communications, which is why i replaced the link to buymastercoin last week on the website to go to the wiki instead.

as an aside i was very skeptical of sheep marketplace, told my friends to avoid it and was proven right...

would you be willing to publish some kind of information?  i think it is only fair if you are asking for people's business and collecting fees.  

glad to see the site up!!

Sure, we could give you our facebook linked to our real life indentities, proof that we own btcoracle.com, etc. etc.

Just ask.

just post your exchange link on this group https://www.facebook.com/groups/mastercoin  or you can email me at dom(a]mastercoin.org

[Voodah]

2% and 0.02 are Paypal-style kind of fees.

Please reconsider.

[DarkEmi]

just post your exchange link on this group https://www.facebook.com/groups/mastercoin  or you can email me at dom(a]mastercoin.org

I joined the group but I do not see how I can post my link

Edit : Ok I have to wait for approval

[bitexch]

We worked very hard for several weeks to launch in beta the first mastercoin real exchange :

https://masterxchange.com/

We are open to all suggestions and remarks !

2% trade fee and 0.01 to 0.02 withdrawal fee? Exhorbitant much.

i think they have a right to charge whatever they want.  these folks took time out of their life to make this happen without anyone paying them anything to do this.

i think people deserve to get paid for their hard work.

And I have a right to criticize the exorbitant fees. He's stated that the fees are high because they don't know how long the exchange will be useful. Sounds like a self-proclaimed cash grab. If a proper high frequency exchange is built it will always be useful as Decentralized exchange can't do high frequency trading. The fees are ridiculous. Might as well call it visaexchange. I'n not really seeing the benefit. With all the messing around because the poor/lack of proper tools to transfer MSC and security concerns of a centralized exchange, users might as well just continue to trade OTC for a small escrow fee. If the fees were reasonable, I could see some utility.

Everyone has the right to criticize their fees, but the most effective way to show your dissatisfaction is probably by not using their service - perhaps forming a group with that express statement.

Like buymastercoin, they should charge whatever people are willing to pay. If people decide not to use their services because of their fees, they will either lower them or be unsuccessful. I don't see the problem.

For my part, I am just happy to see more competition enter the ecosystem.

[prophetx]

just post your exchange link on this group https://www.facebook.com/groups/mastercoin  or you can email me at dom(a]mastercoin.org

I joined the group but I do not see how I can post my link

Edit : Ok I have to wait for approval

FB always making life easy, no way to turn that feature off...


So btw there is an open bounty for an exchange https://trello.com/c/jE5MdzpW

technically it was for an existing exchange, but go ahead and email info(a]mastercoin.org  and maybe Ron can reconsider the terms of that bounty, or ask you to do some more stuff to get this bounty.  I know it's not a huge amount but perhaps it will pay for free hosting for a year.

[Olimpiata]

Selling 20 MSC @ 0.15. Order is pre-funded and signed. Check http://mcoin.io
Cheers,
Sean

[DGulari]

Wow!  MSC is cheap these days.  I can't believe how low the price has gone - in view of the BTC crash.  Ironically, the BTC crash shouldn't effect MSC in any way.   The MSC protocol remains just as valid as it was last week.  That China doesn't like BTC today should give a 50% discount on MSC.  Time to buy!

[DarkEmi]

just post your exchange link on this group https://www.facebook.com/groups/mastercoin  or you can email me at dom(a]mastercoin.org

I joined the group but I do not see how I can post my link

Edit : Ok I have to wait for approval

FB always making life easy, no way to turn that feature off...


So btw there is an open bounty for an exchange https://trello.com/c/jE5MdzpW

technically it was for an existing exchange, but go ahead and email info(a]mastercoin.org  and maybe Ron can reconsider the terms of that bounty, or ask you to do some more stuff to get this bounty.  I know it's not a huge amount but perhaps it will pay for free hosting for a year.

Thanks, we will give it a try !