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Author Topic: MasterCoin Buyer/Seller Thread  (Read 225269 times)
Patel
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December 19, 2013, 11:30:47 PM
 #2501

couple of things I noticed with masterxchange

-super high fees          followup:(they lowered them, they are acceptable now)
-6 hour withdrawal times
-they sell your msc to pay for withdrawal fees instead of just using the btc balance
-they send payments without miners fee    followup:(did eventually confirm)
-cant cancel pending withdrawals

I will be doing direct trades instead now.
PM me if your looking to buy MSC


followup: they emailed me saying they will refund 0.035 (~$25) for the withdrawal fees. thanks
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Voodah
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December 19, 2013, 11:43:05 PM
 #2502

-they send payments without miners fee

Cheap shot. Why would they do this?
Patel
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December 19, 2013, 11:47:44 PM
 #2503

-they send payments without miners fee

Cheap shot. Why would they do this?

idk but its frustrating knowing my payment may not get confirmed. Its been 3 blocks already.
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December 19, 2013, 11:52:08 PM
 #2504

-they send payments without miners fee

Cheap shot. Why would they do this?

idk but its frustrating knowing my payment may not get confirmed. Its been 3 blocks already.

It's disgusting if you ask me.

Exorbitant fees on everything else, but no miner fees...  Is this a joke??

I think they are playing the market.
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December 19, 2013, 11:57:04 PM
 #2505

Hello Patel,

Thanks for your constructive feedback, all your inputs will be taken into accounts. This is really great that you are taking the time to explicity point all the things you are disatisfied with.

We agree there is a lot of stuff we must be working on. We released it maybe too early but it allowed us to get all this user feedback, and we thank everyone who commented. We take negative feedback as a way to improve our service and we will discuss them as soon as we get a chance. I cant make any decision on my own so you can understand that I wont annonce anything specific.

We did not have time to discuss all the concerns within our team as I am away from the office.

Most of the points you were disapointed with are issues we can work on so we'll keep you updated if we manage to resolve them in the upcoming days.

Regarding the payment without miner fee, this is done automatically by the official client. This is not something we designed on purpose - we just send the payment and if the coin age is enough, there is no fee.

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Patel
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December 19, 2013, 11:58:37 PM
 #2506

Regarding the payment without miner fee, this is done automatically by the official client. This is not something we designed on purpose - we just send the payment and if the coin age is enough, there is no fee.

Then add a fee to your client settings, but sending payments without fees is ridiculous. Its been like 5 or 6 blocks already and its still unconfirmed.
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December 20, 2013, 12:00:03 AM
 #2507

couple of things I noticed with masterxchange

-super high fees
-6 hour withdrawal times
-they sell your msc to pay for withdrawal fees instead of just using the btc balance
-they send payments without miners fee
-cant cancel pending withdrawals

I will be doing direct trades instead now. I do not recommend masterxchange until they change their fees.

PM me if your looking to buy MSC

I agree.  They offer nothing.   I am going to start a new thread here.  Mastercoin Buy/Sell - No Fee.  We'll all just go there.  It will be real sad not to have Max - but we will develop another trusted agent.  Nobody is going to rise up to 1.9% fee.  Even if they got very large volume, it would be hard to sustain that high of a fee.  Forget them.  They die on their mistakes.  

Buy directly from Patel.  He is known around here and he delivers on his trades.  Meanwhile, lets start to find a new escrow agent to replace Max.  Max is freaking awesome and I'll still use his other automated system for sure - and happily pay the fee when I need that system and can't find any trusted escrow agent.  But for now, I am doing things the old way.  One thing I am not doing, is going to MasterXchange.  That plan is bogus.  (Really?  No miner fee?)  Man those guys are greedy.



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DGulari
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December 20, 2013, 12:04:40 AM
 #2508

Most of the points you were disapointed with are issues we can work on so we'll keep you updated if we manage to resolve them in the upcoming days.
What about zero fee until your system is proven, likeable, reliable, and we are so in love with it we can't use alternatives?  Then I'll happily pay a fee.  But I will not even consider one trade on that site - where high fees come prior to proven service.  Forget it.  

I think the 'trusted community' will develop escrow agents who don't mind receiving $100 tips from time to time rather than paying your exchange $800 for a single trade.


Besides - What the hell is this column?  "Sum (msc)" I can't figure how that adds up.  Your order book doesn't even make sense to me.  For sure I would not attempt a trade on that site.  Here is a proper order book:  http://mcoin.io/#/   Note the column headers.  Note the data actually adds up to the amounts cited in common rows.



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DarkEmi
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December 20, 2013, 12:16:18 AM
 #2509

Regarding the payment without miner fee, this is done automatically by the official client. This is not something we designed on purpose - we just send the payment and if the coin age is enough, there is no fee.

Then add a fee to your client settings, but sending payments without fees is ridiculous. Its been like 5 or 6 blocks already and its still unconfirmed.

Duly noted

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DarkEmi
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December 20, 2013, 12:16:41 AM
 #2510


Besides - What the hell is this column?  "Sum (msc)" I can't figure how that adds up.  Your order book doesn't even make sense to me.  For sure I would not attempt a trade on that site.  Here is a proper order book:  http://mcoin.io/#/   Note the column headers.  Note the data actually adds up to the amounts cited in common rows.

Thanks, we'll change it.

The way we list our order book actually is the same as : http://bitcoin.clarkmoody.com/

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daviducsb
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December 20, 2013, 12:42:50 AM
 #2511

Maxmint was great at helping me out with a recent escrow, did a fine job.

What happened, has he gone on to other projects?

Patel
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December 20, 2013, 12:50:37 AM
 #2512

Maxmint has a mastercoin trading site up

http://mcoin.io - its a self service site, but he still provides escrow services as you can see on one of the tabs
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December 20, 2013, 06:47:39 AM
 #2513

couple of things I noticed with masterxchange

-super high fees
-6 hour withdrawal times
-they sell your msc to pay for withdrawal fees instead of just using the btc balance
-they send payments without miners fee
-cant cancel pending withdrawals

I will be doing direct trades instead now. I do not recommend masterxchange until they change their fees.

PM me if your looking to buy MSC


What's your price for MSC?
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December 20, 2013, 07:50:38 AM
 #2514

Please remove my sell order of 50 MSCs @0.16. Please add a new sell order of 50 MSCs @0.18.

Thank you.
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December 20, 2013, 10:23:21 AM
 #2515

Please remove all my sell orders from the spreadsheet.

Know what's happening in cryptoworld: www.coinschedule.com
ElDido
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December 20, 2013, 10:37:03 AM
 #2516

We're happy to annonce a set of changes on https://masterxchange.com:

We listened to the community and understood our first settings of fees were off so as of today, we have lowered trading fees to 0.9%.
We removed withdraw fees for Bitcoin withdrawals (appart from usual miners' fee), and lowered Mastercoin withdrawals fees to 0.005 BTC.
We hope this will still prevent us from being flooded by manual withdrawal requests and be acceptable for everyone.

As it as been suggested in this thread, we have set an even lower fee to start with. Until january the 5th, trading fees are lowered to 0.3%.
We hope this will give the community the chance to realize our service is reliable and we are trustworthy.

Also, we'll refund previous withdraw fees.

As always, questions and feedbacks are welcome.

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 20, 2013, 10:38:05 AM
 #2517

Looking to buy more MSC @ 0.135 in quantities up to 1000 MSC.  PM me with offers.

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December 20, 2013, 10:53:08 AM
 #2518

Looking to buy more MSC @ 0.135 in quantities up to 1000 MSC.  PM me with offers.
LOL, are you serious?1 msc at 0.135BTC, times change! good luck! Grin
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December 20, 2013, 12:39:46 PM
 #2519

Looking to buy 15 MSC @ 0.145 PM me.

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December 20, 2013, 01:19:51 PM
 #2520

Maxmint has a mastercoin trading site up

http://mcoin.io - its a self service site, but he still provides escrow services as you can see on one of the tabs

awesome.


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