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Author Topic: MasterCoin Buyer/Seller Thread  (Read 221793 times)
peled1986
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February 02, 2014, 11:42:27 PM
 #3201

Burn IPO is over

The following features are implemented and (mostly) working:
Send: XCP or user-created assets
User-Created Assets: Issue user‐defined currencies/assets and pay dividends on them.
Distributed Exchange: Trade XCP, BTC or any asset with any other.
Feeds: Broadcast information, which may be used as the subject of a bet.
Betting, Financial Derivatives: Make bets, or construct contracts for difference, on the numerical value of a feed.

https://bitcointalk.org/index.php?topic=395761.0

come join the fun try it out and bet on the Super Ball - it's a great learning experience until the MSC Distributed Exchange comes out.

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GETGEMS.ORG | Bitcoin: Now As Simple As Sending A Message | Twitter

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Bitrated user: peled1986.

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td services
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February 02, 2014, 11:53:20 PM
 #3202

Burn IPO is over

The following features are implemented and (mostly) working:
Send: XCP or user-created assets
User-Created Assets: Issue user‐defined currencies/assets and pay dividends on them.
Distributed Exchange: Trade XCP, BTC or any asset with any other.
Feeds: Broadcast information, which may be used as the subject of a bet.
Betting, Financial Derivatives: Make bets, or construct contracts for difference, on the numerical value of a feed.

https://bitcointalk.org/index.php?topic=395761.0

come join the fun try it out and bet on the Super Ball - it's a great learning experience until the MSC Distributed Exchange comes out.

I'm pretty excited on this one as well, great addition to the next gen family.
Herp
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February 03, 2014, 12:19:00 AM
 #3203

Burn IPO is over

The following features are implemented and (mostly) working:
Send: XCP or user-created assets
User-Created Assets: Issue user‐defined currencies/assets and pay dividends on them.
Distributed Exchange: Trade XCP, BTC or any asset with any other.
Feeds: Broadcast information, which may be used as the subject of a bet.
Betting, Financial Derivatives: Make bets, or construct contracts for difference, on the numerical value of a feed.

https://bitcointalk.org/index.php?topic=395761.0

come join the fun try it out and bet on the Super Ball - it's a great learning experience until the MSC Distributed Exchange comes out.

I'm pretty excited on this one as well, great addition to the next gen family.

They're trying to achieve same thing as Mastercoin, only problem is Mastercoin has quite the head start.


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peled1986
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February 03, 2014, 12:30:38 AM
 #3204

They're trying to achieve same thing as Mastercoin, only problem is Mastercoin has quite the head start.
MSC also has a 300 BTC bounty for such a feature, and it still isn't fully implemented.

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GETGEMS.ORG | Bitcoin: Now As Simple As Sending A Message | Twitter

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Bitrated user: peled1986.

GEMS | PRE-SALE |Crypto Meets Messaging | 13brnQ5LPeQcskRjKXwr9ygN2Wabh5cycb

ChanceCoinDecentralized Casino - You are the player AND the owner ! | 1BwbrUBXgdfWU7U6jKUoWnhA6s9x1nuhTa  ♠

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CHANCECOIN.COM | #1 in decentralized bitcoin Gambling | Awesome Devs!

Twitter 1BwbrUBXgdfWU7U6jKUoWnhA6s9x1nuhTa
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Herp
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February 03, 2014, 12:32:42 AM
 #3205

They're trying to achieve same thing as Mastercoin, only problem is Mastercoin has quite the head start.

MSC also has a 300 BTC bounty for such a feature, and it still isn't fully implemented.

What feature, the distributed exchange? The distributed exchange is in testing phase for quite a while and will launch soon, in March. There is a countdown even.

The mastercoin destributed exchange in testing phase (which is basically open BETA now) beats the hell out of that crappy alpha implementation.


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DECENT
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peled1986
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February 03, 2014, 12:36:15 AM
 #3206

The mastercoin destributed exchange in testing phase (which is basically open BETA now) beats the hell out of that crappy alpha implementation.
You tried them both and speak based on knowledge? -i guess not

until March you can test and learn a lot using the counterparty protocol.
I hope too that the mastercoin destributed exchange will be great to use.

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GETGEMS.ORG | Bitcoin: Now As Simple As Sending A Message | Twitter

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Bitrated user: peled1986.

GEMS | PRE-SALE |Crypto Meets Messaging | 13brnQ5LPeQcskRjKXwr9ygN2Wabh5cycb

ChanceCoinDecentralized Casino - You are the player AND the owner ! | 1BwbrUBXgdfWU7U6jKUoWnhA6s9x1nuhTa  ♠

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CHANCECOIN.COM | #1 in decentralized bitcoin Gambling | Awesome Devs!

Twitter 1BwbrUBXgdfWU7U6jKUoWnhA6s9x1nuhTa
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Herp
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February 03, 2014, 12:41:02 AM
 #3207

The mastercoin destributed exchange in testing phase (which is basically open BETA now) beats the hell out of that crappy alpha implementation.
You tried them both and speak based on knowledge? -i guess not

until March you can test and learn a lot using the counterparty protocol.
I hope too that the mastercoin destributed exchange will be great to use.

Watch this please https://masterchest.info/walletdemo/ and tell me if that early pre-Alpha stuff they've got going comes close? Mastercoin has big early lead versus most of these other projects. So few people can see that for some reason and buy into hype and BS promises. Talk is cheap you know.


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BitThink
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February 03, 2014, 01:13:57 AM
 #3208

The mastercoin destributed exchange in testing phase (which is basically open BETA now) beats the hell out of that crappy alpha implementation.
You tried them both and speak based on knowledge? -i guess not

until March you can test and learn a lot using the counterparty protocol.
I hope too that the mastercoin destributed exchange will be great to use.

Watch this please https://masterchest.info/walletdemo/ and tell me if that early pre-Alpha stuff they've got going comes close? Mastercoin has big early lead versus most of these other projects. So few people can see that for some reason and buy into hype and BS promises. Talk is cheap you know.
What you can see is just a UI. UI is the simplest part of a distributed exchange. Whether there's bugs or security issues needs to be tested extensively. Buying into a UI is not much different from buying into hypes and words. Counterparty is in early alpha, but at least we can see all the codes and everyone can contribute their efforts to improve it.
Herp
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February 03, 2014, 01:15:47 AM
 #3209

The mastercoin destributed exchange in testing phase (which is basically open BETA now) beats the hell out of that crappy alpha implementation.
You tried them both and speak based on knowledge? -i guess not

until March you can test and learn a lot using the counterparty protocol.
I hope too that the mastercoin destributed exchange will be great to use.

Watch this please https://masterchest.info/walletdemo/ and tell me if that early pre-Alpha stuff they've got going comes close? Mastercoin has big early lead versus most of these other projects. So few people can see that for some reason and buy into hype and BS promises. Talk is cheap you know.

Thats awesome! Looking good.

Pretty freakin' sweet indeed.

This pretty much showcases Mastercoin's position versus other 2.0 Coins:



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Herp
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February 03, 2014, 01:17:47 AM
 #3210

The mastercoin destributed exchange in testing phase (which is basically open BETA now) beats the hell out of that crappy alpha implementation.
You tried them both and speak based on knowledge? -i guess not

until March you can test and learn a lot using the counterparty protocol.
I hope too that the mastercoin destributed exchange will be great to use.

Watch this please https://masterchest.info/walletdemo/ and tell me if that early pre-Alpha stuff they've got going comes close? Mastercoin has big early lead versus most of these other projects. So few people can see that for some reason and buy into hype and BS promises. Talk is cheap you know.
What you can see is just a UI. UI is the simplest part of a distributed exchange. Whether there's bugs or security issues needs to be tested extensively. Buying into a UI is not much different from buying into hypes and words. Counterparty is in early alpha, but at least we can see all the codes and everyone can contribute their efforts to improve it.

Everyone can contribute to Mastercoin also. They have plenty of MSC and Bitcoin bounties.

Be sure it's not just the UI. We'll find out soon enough this March.


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Herp
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February 03, 2014, 01:20:09 AM
 #3211

Days left until the exchange goes live:

http://mastercointalk.org/index.php?topic=108.msg131#new


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February 03, 2014, 01:33:32 AM
 #3212

Not sure whether to invest or not...  Huh

I've seen price fluctuate from $75 to $140 a couple of times in the past month or so.
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February 03, 2014, 01:43:19 AM
 #3213

Not sure whether to invest or not...  Huh

I've seen price fluctuate from $75 to $140 a couple of times in the past month or so.

Fluctuate between 75$ and 210$ you mean. They were 0.35 at masterxchange before.
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February 03, 2014, 01:53:31 AM
 #3214

Not sure whether to invest or not...  Huh

I've seen price fluctuate from $75 to $140 a couple of times in the past month or so.

Fluctuate between 75$ and 210$ you mean. They were 0.35 at masterxchange before.

Never seen it hit $210!!??

Yeah, They went as low as 0.55 within the last 7 days.

Edit/ When did it hit $210?
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February 03, 2014, 01:57:46 AM
 #3215

Not sure whether to invest or not...  Huh

I've seen price fluctuate from $75 to $140 a couple of times in the past month or so.

Fluctuate between 75$ and 210$ you mean. They were 0.35 at masterxchange before.

Never seen it hit $210!!??

Yeah, They went as low as 0.55 within the last 7 days.

Edit/ When did it hit $210?

0.3485 btc the 25th December. I'm the lucky one with the log Smiley
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February 03, 2014, 02:00:42 AM
 #3216

The mastercoin destributed exchange in testing phase (which is basically open BETA now) beats the hell out of that crappy alpha implementation.
You tried them both and speak based on knowledge? -i guess not

until March you can test and learn a lot using the counterparty protocol.
I hope too that the mastercoin destributed exchange will be great to use.

Watch this please https://masterchest.info/walletdemo/ and tell me if that early pre-Alpha stuff they've got going comes close? Mastercoin has big early lead versus most of these other projects. So few people can see that for some reason and buy into hype and BS promises. Talk is cheap you know.
What you can see is just a UI. UI is the simplest part of a distributed exchange. Whether there's bugs or security issues needs to be tested extensively. Buying into a UI is not much different from buying into hypes and words. Counterparty is in early alpha, but at least we can see all the codes and everyone can contribute their efforts to improve it.

Everyone can contribute to Mastercoin also. They have plenty of MSC and Bitcoin bounties.

Be sure it's not just the UI. We'll find out soon enough this March.
I'm not saying it's just UI. I mean we can only see the UI, but not the code. We cannot judge the quality of this exchange by only looking at its UI. We have to know whether there are bugs and security issues, but we cannot know until the exchange is tested extensively.

Moreover, the reference implementation of Mastercoind will not be available soon, so we don't even know how accurate the core function, parsing the blockchain, is. I know there will be two developers work on the Mastercoind full time, but they will not be full time until April and only by then we can know when the Mastercoind will be ready.

The current low price is not just because of the massive selling of JR. The slow progress is the main reason. JR sold his holding because he did not have confidence to sell them at 1.7 in near future any more due to the competitions. This is said by himself in his first post about his selling and I believe that one more than the reasons he stated in later posts.
Quote
My Mastercoin friends,

Given all the competition we've seen in this field lately, I no longer feel I can afford to wait for a sky-high price I like before selling some Mastercoins and jumping into the fray full-time. (As you all know, I've never sold a single one of my own Mastercoins, and I've been persistently disdainful of the market price so far).
Herp
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February 03, 2014, 02:08:58 AM
 #3217

@BitThink

That's not what he said. He actually said exactly the opposite of how you interpreted it. The reason he didn't sell any until now was because he wanted higher price, more in line with Mastercoin's potential, but his presence was strongly required by the project, thus he had to sell now at this very low price so that he could quit his job.

You will find many other posts by him enforcing my point.


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BitThink
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February 03, 2014, 02:13:04 AM
 #3218

@BitThink

That's not what he said. He actually said exactly the opposite of how you interpreted it. The reason he didn't sell any until now was because he wanted higher price, more in line with Mastercoin potential, but his presence was strongly required by the project, thus he had to sell now at this very low price so that he could quit his job.

You will find many other posts by him enforcing my point.

Ok, my understanding may be not accurate. Now I realized that JR is not satisfying with the slow progress himself and he want to become full time to improve it as soon as possible. Therefore, anyway my point is that the progress of Mastercoin is too slow and that is the main reason of current low price.

I invested more on MSC than XCP, so actually I really want to see the success of Mastercoin too. The current situation, however, disappointed me a lot. Think about how long the white paper has been published, how long the fund collection has been finished, and how many real solid codes have been done? Now look at the progress of XCP, which has no fund (at least no fund from the investors) at all and is just announced for 1 month. If only two developers can do so much in such a short period, is it reasonable for us to expect much more from the Mastercoin project?
Herp
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February 03, 2014, 02:23:32 AM
 #3219

@BitThink

That's not what he said. He actually said exactly the opposite of how you interpreted it. The reason he didn't sell any until now was because he wanted higher price, more in line with Mastercoin potential, but his presence was strongly required by the project, thus he had to sell now at this very low price so that he could quit his job.

You will find many other posts by him enforcing my point.

Ok, my interpretive may be not accurate. Now I realized that JR is not satisfying with the slow progress himself and he want to become full time to improve it as soon as possible.


Don't know how slow the project was versus others. The team did have quite some decent media presence, Ron Gross and David Johnston. Several appearances during Bitcoin conferences and Let's Talk Bitcoin shows. Of course, this is the visible side of things.

Sure, they could have focused more on the user friendliness and such but in a project such as this you have to prioritize.

Project going slow or fast wasn't the reason for JR, I think. Ron tried to convince him for a while that's worth quitting day job and focus on Mastercoin, since here is the real potential, not some crappy wage slave job, working for others. So he finally did that and project can move full sail ahead.

They just need a full time marketing guy, I'd say and more focus on user friendliness, not linux wallets 'n crap like that. Sure, they are important to have, but that's secondary. Mainstream adoption and getting as many people onboard as possible is more important.


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DECENT
FOUNDATION



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██
██
██
██
██
██
██
██

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[D]ecentralized application
[E]liminated third parties
[C]ontent distribution



██
██
██
██
██
██
██
██
██

██
██
██


[E]ncrypted & secure
[N]o borders
[T]imeless reputation



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BitThink
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February 03, 2014, 02:28:53 AM
 #3220

@BitThink

That's not what he said. He actually said exactly the opposite of how you interpreted it. The reason he didn't sell any until now was because he wanted higher price, more in line with Mastercoin potential, but his presence was strongly required by the project, thus he had to sell now at this very low price so that he could quit his job.

You will find many other posts by him enforcing my point.

Ok, my interpretive may be not accurate. Now I realized that JR is not satisfying with the slow progress himself and he want to become full time to improve it as soon as possible.


Don't know how slow the project was versus others. The team did have quite some decent media presence, Ron Gross and David Johnston. Several appearances during Bitcoin conferences and Let's Talk Bitcoin shows. Of course, this is the visible side of things.

Sure, they could have focused more on the user friendliness and such but in a project such as this you have to prioritize.

Project going slow or fast wasn't the reason for JR, I think. Ron tried to convince him for a while that's worth quitting day job and focus on Mastercoin, since here is the real potential, not some crappy wage slave job, working for others. So he finally did that and project can move full sail ahead.

They just need a full time marketing guy, I'd say and more focus on user friendliness, not linux wallets 'n crap like that. Sure, they are important to have, but that's secondary. Mainstream adoption and getting as many people onboard as possible is more important.
As you already pointed above, they talked too much (media presence, conference talk, ...) but there're much less real work on coding (there's not even official mastercoind) be done. All real codes are come from the community (Mastercoin-explorer, ...). Neither JR nor Ron is a professional programmer, and yet they decided to recruit full time developers only on last December.
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