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Author Topic: MasterCoin Buyer/Seller Thread  (Read 225269 times)
Luckybit
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October 23, 2013, 04:54:41 PM
 #601

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?


I would volunteer but I don't even know how to send Mastercoins out yet. How about you divide the responsibility among a few trusted people so that one of them can take a break and the other can resume?
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October 23, 2013, 04:56:38 PM
 #602

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.
You don't understand what you are talking about.  If only 100 own and trade MSC - that is fine.  That doesn't limit the benefit it will bring to the people.  One of those MSC owners will take a MSC and convert it to 1Million shares of company stock and people can buy and sell those shares.  MSC ownership can be limited to 100 people while the functionality of the protocol can be enjoyed by millions.  It is not necessary that millions become owners of MSC in order for its value to rise.  


You are not very bright are you?

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.
Pure, unmitigated genius.  Full stop.  

I would volunteer but I don't even know how to send Mastercoins out yet.
Please, don't volunteer to do anything.
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October 23, 2013, 05:01:11 PM
 #603

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?


~i'd be happy to help here and on the stock market boards!, i've got extra time right now  Cool no problem!

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Luckybit
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October 23, 2013, 05:05:31 PM
 #604

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.
You don't understand what you are talking about.  If only 100 own and trade MSC - that is fine.  That doesn't limit the benefit it will bring to the people.  One of those MSC owners will take a MSC and convert it to 1Million shares of company stock and people can buy and sell those shares.  MSC ownership can be limited to 100 people while the functionality of the protocol can be enjoyed by millions.  It is not necessary that millions become owners of MSC in order for its value to rise.  


You are not very bright are you?

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.
Pure, unmitigated genius.  Full stop.  

I would volunteer but I don't even know how to send Mastercoins out yet.
Please, don't volunteer to do anything.

Are you trolling?

Anyway I'll do it as soon as I get the hang of Mastercoin advisor which I've never used.
If you are more experienced with sending out Mastercoins and would like to do it go ahead and volunteer.

Why are you so against an MSC faucet?
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October 23, 2013, 05:06:20 PM
 #605

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.

High powered tweets are still only worth a fraction of one MSC.  I'd say someone who has the capacity to produce excellent press release bits which attract the attention of journalists.  And still further, for intelligent people to talk to those journalists in a fashion which results in a news story of good quality.  If someone manages to a Wall Street Journal writer to cover MSC it should be worth 10 or 20 MSC.  
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October 23, 2013, 05:07:02 PM
 #606

Perhaps the best model would be for me to reimburse people who run the giveaway out of their own pockets, plus 10% for their trouble.

I'd suggest that the standard payout be 10x smaller now, since MSC is ~10x more valuable.

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October 23, 2013, 05:07:34 PM
 #607

Why are you so against an MSC faucet?
Because I am not a communist who favors redistribution of wealth to the disadvantage of those who diligently invested in good time.
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October 23, 2013, 05:09:54 PM
 #608

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.

High powered tweets are still only worth a fraction of one MSC.  I'd say someone who has the capacity to produce excellent press release bits which attract the attention of journalists.  And still further, for intelligent people to talk to those journalists in a fashion which results in a news story of good quality.  If someone manages to a Wall Street Journal writer to cover MSC it should be worth 10 or 20 MSC.  

Well, the main goal is to get the MSC into lots of hands, but not for completely free. I didn't (for instance) look at how many followers twitter accounts had. I mostly looked at how much effort the person put out, and how well they understood the project. There's a network effect involved when lots of people participate in something like this. Many of them learn about the project then decide to get involved or buy some, so it's usually worth it on average even if nobody ever sees their tweet.

Luckybit
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October 23, 2013, 05:11:03 PM
 #609

Why are you so against an MSC faucet?
Because I am not a communist who favors redistribution of wealth to the disadvantage of those who diligently invested in good time.

I'm not a communist either. But who am I supposed to trade with on that decentralized exchange if I can't find anyone I know on there?

So everyone has to be on there.
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October 23, 2013, 05:11:46 PM
 #610

Perhaps the best model would be for me to reimburse people who run the giveaway out of their own pockets, plus 10% for their trouble.

I'd suggest that the standard payout be 10x smaller now, since MSC is ~10x more valuable.
JR - this is a very good idea and important task.  But you must not manage it.  Keep your eye on the ball.  Give the ~400MSC to some dedicated guy here with some intelligence and forget it.  Let him administer the promotion the best he can.  Maxmint has won the faith of many - I don't know whether he could operate to serve this task also.  But in any case, you can't do it.  You need to give your energy to the next contest.  

I also think you could leverage these ~400 to make a second contest.  Again, someone else could administer it.  But, when many people are competing for these funds, we'll produce a much bigger overall effect.  Forget tweets - well directed press releases are the way to go.  When those land on the right journalists, we will get plenty of the attention we could use.
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October 23, 2013, 05:14:25 PM
 #611

I'm not a communist either. But who am I supposed to trade with on that decentralized exchange if I can't find anyone I know on there?

So everyone has to be on there.

You don't have to know people on the distributed exchange to use it. It's trust-free Smiley

Well, I guess you have to trust the protocol . . .

Luckybit
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October 23, 2013, 05:14:49 PM
 #612

Perhaps the best model would be for me to reimburse people who run the giveaway out of their own pockets, plus 10% for their trouble.

I'd suggest that the standard payout be 10x smaller now, since MSC is ~10x more valuable.

I think this is the best way to go about it. I have 30 MSC which I could use for this purpose provided I would be reimbursed. I'm sure there are others here who have some too.

I'm not a communist either. But who am I supposed to trade with on that decentralized exchange if I can't find anyone I know on there?

So everyone has to be on there.

You don't have to know people on the distributed exchange to use it. It's trust-free Smiley

Well, I guess you have to trust the protocol . . .

Now entirely trust free. If I'm buying stock in something then it's important to know who is running the business. For other things maybe it doesn't matter who is on the other end of the deal.
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October 23, 2013, 05:14:58 PM
 #613

Why are you so against an MSC faucet?
Because I am not a communist who favors redistribution of wealth to the disadvantage of those who diligently invested in good time.

I'm not a communist either. But who am I supposed to trade with on that decentralized exchange if I can't find anyone I know on there?
So everyone has to be on there.
Why is it that you have to find someone you know?  Just buy the next offer at market prices.  Who cares if you know the guy.  The price is the price that one is willing to part with the MSC.  Its called a 'free market'.
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October 23, 2013, 05:17:06 PM
 #614

Perhaps the best model would be for me to reimburse people who run the giveaway out of their own pockets, plus 10% for their trouble.
I'd suggest that the standard payout be 10x smaller now, since MSC is ~10x more valuable.
I think this is the best way to go about it. I have 30 MSC which I could use for this purpose provided I would be reimbursed. I'm sure there are others here who have some too.
lol!  Sure, so now Luckybit gives 30 MSC to his friend for wearing a sandwich board on the streetside for 10 mintues and claims back 33 MSC from JR!!  I am not sure how this model is going to help the quality of the exposure gained. 
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October 23, 2013, 05:17:16 PM
 #615

JR - this is a very good idea and important task.  But you must not manage it.  Keep your eye on the ball.  Give the ~400MSC to some dedicated guy here with some intelligence and forget it.  Let him administer the promotion the best he can.  Maxmint has won the faith of many - I don't know whether he could operate to serve this task also.  But in any case, you can't do it.  You need to give your energy to the next contest.  

I also think you could leverage these ~400 to make a second contest.  Again, someone else could administer it.  But, when many people are competing for these funds, we'll produce a much bigger overall effect.  Forget tweets - well directed press releases are the way to go.  When those land on the right journalists, we will get plenty of the attention we could use.

I agree about maxmint. I'd like to give him first shot at running this. Having lots of people run it might be . . . chaotic Smiley

Luckybit
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October 23, 2013, 05:17:50 PM
 #616

Why are you so against an MSC faucet?
Because I am not a communist who favors redistribution of wealth to the disadvantage of those who diligently invested in good time.

I'm not a communist either. But who am I supposed to trade with on that decentralized exchange if I can't find anyone I know on there?
So everyone has to be on there.
Why is it that you have to find someone you know?  Just buy the next offer at market prices.  Who cares if you know the guy.  The price is the price that one is willing to part with the MSC.  Its called a 'free market'.

Because not everything you buy is something which you can buy without any risk. If you buy stock in something then you probably should know about who the issuer is. Like if you buy Asicminer you should know it's from Friedcat.
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October 23, 2013, 05:19:39 PM
 #617

Perhaps the best model would be for me to reimburse people who run the giveaway out of their own pockets, plus 10% for their trouble.
I'd suggest that the standard payout be 10x smaller now, since MSC is ~10x more valuable.
I think this is the best way to go about it. I have 30 MSC which I could use for this purpose provided I would be reimbursed. I'm sure there are others here who have some too.
lol!  Sure, so now Luckybit gives 30 MSC to his friend for wearing a sandwich board on the streetside for 10 mintues and claims back 33 MSC from JR!!  I am not sure how this model is going to help the quality of the exposure gained. 

Are you really that paranoid? How exactly would I even do that?
If I give out my 30 MSC it will be to random people who post on the thread. You'd be able to see it all on the blockchain.

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October 23, 2013, 05:21:23 PM
 #618

JR - this is a very good idea and important task.  But you must not manage it.  Keep your eye on the ball.  Give the ~400MSC to some dedicated guy here with some intelligence and forget it.  Let him administer the promotion the best he can.  Maxmint has won the faith of many - I don't know whether he could operate to serve this task also.  But in any case, you can't do it.  You need to give your energy to the next contest.  

I also think you could leverage these ~400 to make a second contest.  Again, someone else could administer it.  But, when many people are competing for these funds, we'll produce a much bigger overall effect.  Forget tweets - well directed press releases are the way to go.  When those land on the right journalists, we will get plenty of the attention we could use.

I agree about maxmint. I'd like to give him first shot at running this. Having lots of people run it might be . . . chaotic Smiley
Max - I don't know you from Adam and I don't know whether or not you are smart.  But if you are a smart guy, could you please organize this so that JR doesn't have to think about it ever again.  We need him paying attention to functionality and not this damn thread about trading values - and promotional stuff.  We need a smart guy to run a kick-ass promotional campaign for ~400 MSC.  If that is Max, then please stand up.  
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October 23, 2013, 05:33:55 PM
 #619

JR - this is a very good idea and important task.  But you must not manage it.  Keep your eye on the ball.  Give the ~400MSC to some dedicated guy here with some intelligence and forget it.  Let him administer the promotion the best he can.  Maxmint has won the faith of many - I don't know whether he could operate to serve this task also.  But in any case, you can't do it.  You need to give your energy to the next contest.  

I also think you could leverage these ~400 to make a second contest.  Again, someone else could administer it.  But, when many people are competing for these funds, we'll produce a much bigger overall effect.  Forget tweets - well directed press releases are the way to go.  When those land on the right journalists, we will get plenty of the attention we could use.

I agree about maxmint. I'd like to give him first shot at running this. Having lots of people run it might be . . . chaotic Smiley

Max does not deserve the punishment of running a giveaway.
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October 23, 2013, 05:34:56 PM
 #620

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. 


agree

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