MasterCoin Buyer/Seller Thread

[dacoinminster]

That's a hell of a "pump"

Well, Mastercoin is more useful to the Mastercoin Foundation than bitcoin is. This is exactly like a company doing a stock buy-back rather than paying dividends. Plenty of precedent.

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[zbx]

Please remove my sell offer from the order book. Thank you.

[Rampion]

That's a hell of a "pump"

Well, Mastercoin is more useful to the Mastercoin Foundation than bitcoin is. This is exactly like a company doing a stock buy-back rather than paying dividends. Plenty of precedent.

I won't argue that, keep it coming

If that can take you to be full-time to MSC I'm happy with it.

[dacoinminster]

I won't argue that, keep it coming

If that can take you to be full-time to MSC I'm happy with it.

Again, no promises. The board would have to agree, and I'm not sure I can convince them. I'll do my best, because I really think this is best for our investors.

[klee]

I won't argue that, keep it coming

If that can take you to be full-time to MSC I'm happy with it.

Again, no promises. The board would have to agree, and I'm not sure I can convince them. I'll do my best, because I really think this is best for our investors.

Start +1's

[dacoinminster]

I won't argue that, keep it coming

If that can take you to be full-time to MSC I'm happy with it.

Again, no promises. The board would have to agree, and I'm not sure I can convince them. I'll do my best, because I really think this is best for our investors.

Start +1's

Please put your +1s on this thread: https://bitcointalk.org/index.php?topic=342431.msg3676971#msg3676971

That's the thread David started, and I know he's watching it closely. We need to convince the board that:

1) It's not market manipulation, it's a stock buy-back over a long period of time, with complete transparency
2) It doesn't make MSC more centralized, because we'll be giving this money away in bounties rather quickly

[hookercookerman]

Please remove my sell offer 114 @ 0.15 thanks again

[Pouncer]

Order book updated.

Please remove my sell offer 114 @ 0.15 thanks again

Please remove my sell offer from the order book. Thank you.

[hmmmstrange]

 It was a mistake to have bought so many Mastercoins initially, and it will be quite difficult for you to backtrack effectively

This. And frankly, you shouldn't have had the multiplier/early adopter bonus applied to your MSC. There are some major questions of ethics that will arise as this project progresses. This deserves deep thought by anyone considering investing and J.R. in particular. I say this as an initial and current investor of MSC.

I disagree with professorhandsome completely.

[dacoinminster]

I would never have started this project if I couldn't also invest in it. Maybe somebody else would have, but not me. I invested early both to collect a bigger share of the pie from the early adopter bonus, and to show that I was serious. (Note that the early adopter bonus was NOT about risk, it was about momentum).

In 2011, right after bitcoin exploded up to $5 each, and everybody was having heart attacks saying it couldn't last, I predicted that the world's first trillionaire would come out of something like bitcoin ("Bitcoin price increases are just getting started": https://bitcointalk.org/?topic=7985.0), and because of that fervent belief I never sold a single bitcoin (except to pay my mining expenses), despite 90% drops along the way. I would be incredibly wealthy right now, but I only ever invested $200 in my bitcoin mining scheme. I really wanted to go all in, but I didn't, because my wife thought I was crazy (she still does, actually).

I think something like Mastercoin has a pretty good shot at reaching a market cap well in the trillions of dollars. I don't particularly want to be a trillionaire, but if it isn't me it will be somebody else, and I'm frankly afraid of what somebody else would do with all that money, so I'm not stepping back from the opportunity either.

Trillions of dollars for MSC is still a long LONG ways off, and it is certainly possible that one of our competitors will crush us, but I have my eyes on the horizon. I'm playing a VERY long game here, as I have since 2011. Are you guys?

[codyave]

I invested early both to collect a bigger share of the pie from the early adopter bonus,

well, you have mentioned in this thread or another that you aren't one to pass up a good deal.

i do agree about the adopter bonus, though. someone's gotta be the first to jump off the bridge to make sure it's safe.

[thebtcthe]

Hi, I am interested in getting some Mastercoins. Contact me if you are selling with your price.

[jajansen]

I want to make a post about the "stock buy back" proposal from dacoinminster, where msc foundation would sell most of its BTC for MSC at this early stage.
It kind of makes no sense, in the beginning the project needed BTC funding to get started, and now all that BTC could "dissapear" for MSC, which is a project still in development, then the whole funding kind of wasnt needed in the first place, if MSC is worth already so much. (it would have merely be a way of distributing them)

The foundation buying MSC for its bitcoins, though, would be a good opportunity for MSC holders to get rid of mastercoins for a very good price, and thus specially dacoinminster could get rid of large quantities of MSC for a very good price. Something not possible in current market, as simply there are not enough mastercoin buyers to be able to sell large quantities at current market price.

So already only for this reason I absolutely disagree with foundation buying MSC. Why doesnt the foundation own some MSC anyway from the start?
(couldnt have the rule been in august, for each BTC you send to exodus, you receive 99MSC; and 1 MSC goes to foundation?)
Then foundation would currently own 5000BTC and 5000MSC, instead of now having to buy MSC for some kind of reason.

The foundation should certainly not be allowed to drive up the price of MSC.

Also if MSC for whatever reason is going down in price afterwards, the foundation holds no funds anymore if they only have MSC, and it might be game over for MasterCoin, in the sense that no funds are left for development.

Current BTC holdings mount to close to 5 million dollars, and so we should have no complaints about.

On the other hand, for the foundation to own a couple of MSC, could be, but then just a couple of hundred BTC..not 80% of its holdings...some diversification is ok...

[tuvvut]

Please remove me from the order book. Thank you.

[bitexch]

Please add, selling 50 MSC @ .15.

[Pouncer]

Order book updated.

Please remove my sell @ .16. Didn't get any response for a while and sold them to a friend, sry for those who contacted me today.

Please remove me from the order book. Thank you.

Please add, selling 50 MSC @ .15.

[zbx]

I'd like to sell 100 MSC @ .18 BTC each. Please add this offer to the order book.

Thank you.

[klee]

I want to make a post about the "stock buy back" proposal from dacoinminster, where msc foundation would sell most of its BTC for MSC at this early stage.
It kind of makes no sense, in the beginning the project needed BTC funding to get started, and now all that BTC could "dissapear" for MSC, which is a project still in development, then the whole funding kind of wasnt needed in the first place, if MSC is worth already so much. (it would have merely be a way of distributing them)

The foundation buying MSC for its bitcoins, though, would be a good opportunity for MSC holders to get rid of mastercoins for a very good price, and thus specially dacoinminster could get rid of large quantities of MSC for a very good price. Something not possible in current market, as simply there are not enough mastercoin buyers to be able to sell large quantities at current market price.

So already only for this reason I absolutely disagree with foundation buying MSC. Why doesnt the foundation own some MSC anyway from the start?
(couldnt have the rule been in august, for each BTC you send to exodus, you receive 99MSC; and 1 MSC goes to foundation?)
Then foundation would currently own 5000BTC and 5000MSC, instead of now having to buy MSC for some kind of reason.

The foundation should certainly not be allowed to drive up the price of MSC.

Also if MSC for whatever reason is going down in price afterwards, the foundation holds no funds anymore if they only have MSC, and it might be game over for MasterCoin, in the sense that no funds are left for development.

Current BTC holdings mount to close to 5 million dollars, and so we should have no complaints about.

On the other hand, for the foundation to own a couple of MSC, could be, but then just a couple of hundred BTC..not 80% of its holdings...some diversification is ok...

Do you own MSC?

[Olimpiata]

Please up my 38MST sell order from 0.18 to 0.25

Regards,
Sean.

[jajansen]

I want to make a post about the "stock buy back" proposal from dacoinminster, where msc foundation would sell most of its BTC for MSC at this early stage.
It kind of makes no sense, in the beginning the project needed BTC funding to get started, and now all that BTC could "dissapear" for MSC, which is a project still in development, then the whole funding kind of wasnt needed in the first place, if MSC is worth already so much. (it would have merely be a way of distributing them)

The foundation buying MSC for its bitcoins, though, would be a good opportunity for MSC holders to get rid of mastercoins for a very good price, and thus specially dacoinminster could get rid of large quantities of MSC for a very good price. Something not possible in current market, as simply there are not enough mastercoin buyers to be able to sell large quantities at current market price.

So already only for this reason I absolutely disagree with foundation buying MSC. Why doesnt the foundation own some MSC anyway from the start?
(couldnt have the rule been in august, for each BTC you send to exodus, you receive 99MSC; and 1 MSC goes to foundation?)
Then foundation would currently own 5000BTC and 5000MSC, instead of now having to buy MSC for some kind of reason.

The foundation should certainly not be allowed to drive up the price of MSC.

Also if MSC for whatever reason is going down in price afterwards, the foundation holds no funds anymore if they only have MSC, and it might be game over for MasterCoin, in the sense that no funds are left for development.

Current BTC holdings mount to close to 5 million dollars, and so we should have no complaints about.

On the other hand, for the foundation to own a couple of MSC, could be, but then just a couple of hundred BTC..not 80% of its holdings...some diversification is ok...

Do you own MSC?

Certain, else I would never bother such a post..though I own so few that as for that, my opinion doesnt matter as for any voting power!