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Author Topic: MasterCoin Buyer/Seller Thread  (Read 225269 times)
klee
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October 23, 2013, 03:02:36 PM
 #581

I'm just trying to cover up my litecoin losses  Cry
What happened to litecoin?  Is that story finished?
Blood on the floor - they should have known better!
I had repeatedly warned my friends investing in it that from the moment Karpeles involved his name with this coin the massacre was inevitable.

I f@ckin hate this psychofat boy he almost killed BTC 3 times and maybe killed LTC...
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HammerFist
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October 23, 2013, 03:07:52 PM
 #582

I did sell 200 @ 0.12 actually.
That was a very big mistake.  Might as well just throw 100 Euro notes in the toilet.  What a fool.  
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October 23, 2013, 03:09:05 PM
 #583

I f@ckin hate this psychofat boy he almost killed BTC 3 times and maybe killed LTC...
How the hell does one guy kill bitcoin (or Litecoin)?
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October 23, 2013, 03:28:37 PM
 #584

Quick question - how the heck are MSC anonymous? In 2 words if you know (not to hijack here).
Can't understand it though I tried...

I suppose if you buy MSC with cash it's about as anonymous as it can get.
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October 23, 2013, 03:37:48 PM
 #585

there have been sent approx. 5000 btc to the Exodus address, each equals 100 MSC + average %20 bonus which should equal to 600K MSC.
To this you can add the future 10% that will be added gradually which will be finally about 660K MSC (which shall be less since 60% of bitcoins arrived in the last week that only had 10% bonus reward)
May you explain us how did you arrive to 50M MSC number???
Also where did you buy your logic from!?
5000*100=500K my mistake!!

So it would be 660K all, thanks for that!

So my calculations were far off, nevermind! I tried to base them on the total numbers of MSC vs that of BTC...

EDIT: MSC would be around 7.5 times less than BTC hmmm...

Now you see where I got my 2 BTC per Mastercoin price from. I calculated the total number of Mastercoins which will ever exist against the total number of Bitcoins. I also considered factors such as the chance of Bitcoins being confiscated. I think Bitcoins will be confiscated far more often than Mastercoins. There are unknown variables of course and this is still the speculation phase. Until we have a working exchange and until we see progress on the protocol itself the price I have in the sell order is based on what I believe Mastercoin will be worth just prior to a completed decentralized exchange. I'd be willing to sell for a range between 1.5 and 2 BTC per Mastercoin. Any less and I'll just wait until it the decentralized exchange is working.
Just a suggestion to MSC holders. There is no benefit of pumping the price at this point when the price is based on pure speculation and future hopes. Actually selling MSC at a fair price will increase the amount of people involved in the  Mastercoin ecosystem and benefits the project much more.
True. I had many offers in the 0.12-0.13 range but I decided to sell on 0.1 instead!
We have to see more long term - we need many people in this in no bubble prices..

Mastercoins are divisible so we can sell cheaper if we sell in smaller portions of 0.1 for instance. I don't think there will be a problem with demand if it works. I do agree right now it's in demand because a lot of people need a decentralized exchange, and a lot of people are looking at factors like the amount of development/contest resources, the level of marketing (the fact that Mastercoin has websites already says a lot about it), the particular people involved with it and their level of talent, all of that goes into setting the price.

But the value isn't the same as the price. Right now it's got no value yet because we cannot do anything with it so the price is based on a prediction of what we expect the value to be once completed. We are basically buying at these prices because we believe in the developers and in JR to follow through and meet our expectations.

This thread is not for speculation, it is just for bid and ask placement, so please transfer your speculating games and thoughts to another one more related. Or perhaps you can open one new thread yourself and speak with people with the same morality over there!

After Mastercoin has value we will need a speculation thread. Right now it's too soon to create one. The time to create a speculation thread is when the first working Mastercoin client is released. Until we have a wallet which works, there is no way to predict the demand until we can figure out how many people are downloading that wallet.

The next thing to do would be to see what happens once we have a decentralized exchange with smart property. I think that will be the big coming out event.


~too funny>> this whole MSC movie is pure speculation! Plus no matter what happens you are going to have to deal with me and my team on some level getting the stock market/options idea to the otc market !!!! hello anyone here?zzz


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romerun
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October 23, 2013, 03:47:38 PM
 #586

tip sent

https://blockchain.info/tx/cc7e02c5df192baf843fd849fead0584775a9cdd91fad5be643a65fd8842ec4a
dacoinminster
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October 23, 2013, 03:48:03 PM
 #587

I keep thinking that I need to find a way to throw some water on this fire before someone gets hurt, but the only way I can really do that is to sell some MSC, which I don't want to do at these prices Smiley

I hope everybody isn't buying now with the intention of selling when the distributed exchange opens. If so, that very positive news for MSC could actually be correlated with a price drop!

Be careful folks.

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October 23, 2013, 04:05:21 PM
 #588

the only way I can really do that is to sell some MSC, which I don't want to do at these prices Smiley

See above:
That was a very big mistake.  Might as well just throw 100 Euro notes in the toilet.

Open markets are good.  Market manipulation almost never goes well or produces the intended result.  

We don't need no water, let the mother F-er burn.  
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October 23, 2013, 04:10:18 PM
 #589

I keep thinking that I need to find a way to throw some water on this fire before someone gets hurt, but the only way I can really do that is to sell some MSC, which I don't want to do at these prices Smiley

I hope everybody isn't buying now with the intention of selling when the distributed exchange opens. If so, that very positive news for MSC could actually be correlated with a price drop!

Be careful folks.


Is there a way to encourage a more diverse group of people to buy smaller proportions of MSC? I saw Realsolid do a thing where he limited the amount of Feeshares that anyone could buy at one time. I think that is something maxmint could do to put the fire out a bit.

I was trying to organize crowdfunding for Netcoin and the plan was to do something similar. So basically if the orders are limited to being below a certain BTC amount per order then you'd have a more widely distributed MSC. We want as many people holding MSC as possible.

So Luckybit wants to buy MSC and the limit anyone can spend on MSC for the week is 10BTC worth, this would limit Luckybit to 10BTC worth of MSC no matter how much MSC is going for at the time. This prevents Luckybit from being able to buy enough MSC to dump it later or from spending his life savings on it.

Workable solution?

Another solution, instead of selling MSC it might be a good idea to start up a MSC faucet and give out small quantities like (random lottery amounts .1 , .2 , .3  ->.9 ) of MSC for free to people. This way the people who already purchased MSC wont suffer as much but MSC would also be distributed a bit more.

Who wants to volunteer to start the first MSC faucet to put this fire out? I don't have enough MSC to do it.

the only way I can really do that is to sell some MSC, which I don't want to do at these prices Smiley

See above:
That was a very big mistake.  Might as well just throw 100 Euro notes in the toilet.

Open markets are good.  Market manipulation almost never goes well or produces the intended result.  

We don't need no water, let the mother F-er burn.  


I think it's in all of our collective best interest if as many people as possible are holding MSC. If that means starting an MSC faucet thread then we could use that thread to spread MSC around so that more people have a stake. The other thing is we could do is limit the amount of MSC that any single individual could buy and prioritize new purchasers so as to reduce the ability of any individual to dump MSC upon the launch of the decentralized exchange. If thousands of people have 1-2 MSC that is far better than if hundreds of people have 100-200 MSC.
ASICSRUS
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October 23, 2013, 04:16:50 PM
 #590

I keep thinking that I need to find a way to throw some water on this fire before someone gets hurt, but the only way I can really do that is to sell some MSC, which I don't want to do at these prices Smiley

I hope everybody isn't buying now with the intention of selling when the distributed exchange opens. If so, that very positive news for MSC could actually be correlated with a price drop!

Be careful folks.


BUY the rumour SELL the fact!!!  Cool easyyy~~~

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maxmint
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October 23, 2013, 04:20:31 PM
 #591

Is there a way to encourage a diverse group of people to buy smaller proportions of MSC? I saw Realsolid do a thing where he limited the amount of Feeshares that anyone could buy at one time. I think that is something maxmint could do to put the fire out a bit.

I think this kind of regulation to the open market would be no good. Moreover, I'm just escrowing trades and people sure would find ways to do this without me.

Another solution, instead of selling MSC it might be a good idea to start up an MSC faucet and give out small quantities like .1 or .2 or .5 MSC for free to people. This way the people who already purchased MSC wont suffer as much but MSC would also be distributed a bit more.

A faucet would be a great thing. I think the current price spike is mostly because more and more people are learning about Mastercoin and are afraid they could miss the boat. So it would be great if they could get their hands on a small amount of Mastercoins.

JR could set up a giveaway thread, similar to the Ripple giveaway thread. This would bring Mastecoins to the masses and would bring more attention to the project at the same time. I'd be willing to donate some of my Mastercoins to this.

My PGP-Key: 462D02D8
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mishax1
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October 23, 2013, 04:24:45 PM
 #592

I keep thinking that I need to find a way to throw some water on this fire before someone gets hurt, but the only way I can really do that is to sell some MSC, which I don't want to do at these prices Smiley

I hope everybody isn't buying now with the intention of selling when the distributed exchange opens. If so, that very positive news for MSC could actually be correlated with a price drop!

Be careful folks.


the only way the price will drop is when those guys start selling their stash..

https://masterchest.info/lookupadd.aspx?address=15WrQhYhHts7jTMoGJ9rDCD12JuCTKy7MM
https://masterchest.info/lookupadd.aspx?address=196V2uB471HoMHwbkQRQRiwd3aYpU6RtWg
https://masterchest.info/lookupadd.aspx?address=1D11zSkRGnn6VMgaipqNeD2rtQfN5ywos3
https://masterchest.info/lookupadd.aspx?address=17VP7dV8dxn3pDVxrjtgPiKhs37FLBBX7u
Luckybit
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October 23, 2013, 04:27:08 PM
 #593

A faucet would be a great thing. I think the current price spike is mostly because more and more people are learning about Mastercoin and are afraid they could miss the boat. So it would be great if they could get their hands on a small amount of Mastercoins.

JR could set up a giveaway thread, similar to the Ripple giveaway thread. This would bring Mastecoins to the masses and would bring more attention to the project at the same time. I'd be willing to donate some of my Mastercoins to this.

+1

I vote on the faucet idea. I don't favor that kind of regulation either and I think a faucet would work just fine. It would build hype for the launch of the decentralized exchange, increase interest in Mastercoin, and give people a reason to use it.

I keep thinking that I need to find a way to throw some water on this fire before someone gets hurt, but the only way I can really do that is to sell some MSC, which I don't want to do at these prices Smiley

I hope everybody isn't buying now with the intention of selling when the distributed exchange opens. If so, that very positive news for MSC could actually be correlated with a price drop!

Be careful folks.


the only way the price will drop is when those guys start selling their stash..

https://masterchest.info/lookupadd.aspx?address=15WrQhYhHts7jTMoGJ9rDCD12JuCTKy7MM
https://masterchest.info/lookupadd.aspx?address=196V2uB471HoMHwbkQRQRiwd3aYpU6RtWg
https://masterchest.info/lookupadd.aspx?address=1D11zSkRGnn6VMgaipqNeD2rtQfN5ywos3
https://masterchest.info/lookupadd.aspx?address=17VP7dV8dxn3pDVxrjtgPiKhs37FLBBX7u


At some point they are probably going to dump their stash. The way to dampen the effect is to distribute the coins more widely.
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October 23, 2013, 04:44:56 PM
 #594

Can you do a top 20?  That would be interesting.
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October 23, 2013, 04:47:57 PM
 #595

Another solution, instead of selling MSC it might be a good idea to start up a MSC faucet and give out small quantities like (random lottery amounts .1 , .2 , .3  ->.9 ) of MSC for free to people. This way the people who already purchased MSC wont suffer as much but MSC would also be distributed a bit more.
Oh God - why can't people just leave free markets alone?  Why do you feel the need to control and decide what other people perceive the value to be?  Free markets take care of themselves.  Idiots should get burned.  That is the way it works. 

Don't mess with free trading to make rules that artificially control the price movements.  Let the movements go as the information is processed by the masses - rather than on the information you (or one single guy) thinks is important. 

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October 23, 2013, 04:49:54 PM
 #596

Another solution, instead of selling MSC it might be a good idea to start up a MSC faucet and give out small quantities like (random lottery amounts .1 , .2 , .3  ->.9 ) of MSC for free to people. This way the people who already purchased MSC wont suffer as much but MSC would also be distributed a bit more.
Oh God - why can't people just leave free markets alone?  Why do you feel the need to control and decide what other people perceive the value to be?  Free markets take care of themselves.  Idiots should get burned.  That is the way it works.  

Don't mess with free trading to make rules that artificially control the price movements.  Let the movements go as the information is processed by the masses - rather than on the information you (or one single guy) thinks is important.  



That's not what a MSC faucet would do. The purpose of a MSC faucet would be to preserve the long term value of MSC and the MSC protocol. If you're just in it for short term profit now would be a good time to sell.

Mastercoin is only useful to us as a protocol if as many people use it as possible.
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October 23, 2013, 04:50:20 PM
 #597

At some point they are probably going to dump their stash. The way to dampen the effect is to distribute the coins more widely.
Don't dampen the effect.  Let the effect play out.  If the dump and the true value is high, we all get a discount.  Buying BTC at 110 after Silk Road got busted was cool.  Selling today might be cool.  It's for the buyers and sellers to decide - not some moderator.  Why do people oppose swings?  They are needed and important.  Let free markets run and stop trying to control them.  Free trading is good, not bad.

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October 23, 2013, 04:51:41 PM
 #598

At some point they are probably going to dump their stash. The way to dampen the effect is to distribute the coins more widely.
Don't dampen the effect.  Let the effect play out.  If the dump and the true value is high, we all get a discount.  Buying BTC at 110 after Silk Road got busted was cool.  Selling today might be cool.  It's for the buyers and sellers to decide - not some moderator.  Why do people oppose swings?  They are needed and important.  Let free markets run and stop trying to control them.  Free trading is good, not bad.



Once again, who is we? All 100 of us? I want it to be 5000 of us at least.

What good is it when we have a decentralized exchange if it's only 100 of us using it? We want thousands of people with MSC trying it out making trades because that is where long term value comes from.
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October 23, 2013, 04:51:53 PM
 #599

In fact, I DID do a giveaway thread during the month of August when MSC was first on sale: https://bitcointalk.org/index.php?topic=272577.0

I actually have some left over from that giveaway, which I previously said I would split up among the top promoters. I'd still like to give some money to the top promoters from the first giveaway, but the value of MSC has risen a lot since then, so I think it's fair to reserve most of it for another giveaway.

There's still 394.84328263 MSC earmarked for giveaway here: http://mastercoin-explorer.com/addresses/15og4WXZPwkMnnsb3dj6HqgTUfcRLx4J9b

Running the giveaway took a LOT of my time, but if someone trustworthy wants to get it running again, I can turn over that 394 MSC. I gave bits of MSC out for people who wrote blog posts, changed their forum signature, or otherwise made some good-faith effort to promote the project. I would suggest continuing the model where you have to at least tweet about MSC to qualify for some.

Given how much time it took me to run the giveaway, I think it would be fair to have the person running it take a bit off the top for themselves. Maybe 10%?

If someone wants to run this, let me know. I'm a little paranoid about trusting someone with that much money. I'd probably not give it all to you at once, no matter how trustworthy you are Smiley

Any volunteers?

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October 23, 2013, 04:53:22 PM
 #600

That's not what a MSC faucet would do. The purpose of an MSC faucet would be to preserve the long term value of MSC
Nonsense.  China (and others) tries to control free markets and produces a miserable result nearly everytime.  Rarely do these schemes ever produce that which is intended.  Smart traders digest the effect of the rules and trade on those.  Then the rule produces a side effect of miserable opposing consequence.  

Don't upset free trading.  When a spike comes, it will get settled by smart people who fix it via natural market forces.  No need to restrain trade.
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