MasterCoin Buyer/Seller Thread

[dacoinminster]

Wow. Nice job maxmint. I updated the OP to point to that site. Hopefully the new system reduces your workload

[1714002653]

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[1714002653]

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[Patel]

Hey everyone, watch out for scammers.

The user Monuta wanted to connect via Teamviewer to verify how much BTC I had.

They will give you a super good deal to lure you in, then they will ask you to verify your BTC over Teamviewer. This is where they try to take access and send the BTC to themselves.

I didn't get scammed, but I did get lured in by the price!

Be careful everyone.

[prophetx]

Important update

I'm quoting myself from another thread here:

I just launched mcoin.io, a self-service Mastercoin order book. It will hopefully replace or at least complement the manually managed Google order book.
As soon as the distributed Mastercoin exchange is fully working, mcoin.io most likely will become obsolete. But I hope it helps people to buy and sell Mastercoins in the meantime.

Some features:
- You can add and remove your own sell / buy orders (no need to wait for manual updates)
- Balances of addresses get verified, fake orders can't be created
- You can create prefunded orders and edit prices yourself
- Prefunded orders can be bought directly from the site, no need for direct contact or escrow (as long as you trust me). Sending of Mastercoins will be done manually though, no private keys or funds are stored on the server.
- No need to create an account at the site and no passwords to be lost or stolen. Everything is based on signing messages with your Mastercoin / Bitcoin address.

I don't know how to sign a message with my address
I created a little tutorial to help you get started with this: http://mcoin.io/#/help

What about the manual Google order book?
From now on, I'm asking everyone to submit their orders to the new self-service order book at mcoin.io. The manual Google order book will still be accessible for a while but I'm strongly encouraging everyone to test the new order book.

Bugs and suggestions
The new site is still in beta and I guess there's lots of room for improvements. Please let me know about bugs, typos and suggestions.

As said above, the Google order book will still be around and I might make manual updates when I'm around (although less often than I used too).
But I'm really encouraging everyone to use the new order book. If you have bug reports or suggestions, please post them in the other thread as this buyer / seller thread should be reserved for posting of orders.

Very nut. much appreciated. wow.

awesome

added here

http://wiki.mastercoin.org/index.php/Buying_and_selling_Mastercoin#the_spreadsheet_.26_self-service_order_book

feel free to edit that

[prophetx]

Regarding the discussion about the buymastercoin site: as I understand it the link was placed there as one of the resources for buying mastercoins very early on along with links to the spreadsheet and bitcointalk group in the earliest versions of the website.

Now that link has been changed to go to the wiki where service providers can list there websites:  http://wiki.mastercoin.org/index.php/Buying_and_selling_Mastercoin

Please take the time to check available resources before buying and selling so that you are making a well informed decision.  At this point before the distributed exchange is fully functional there is a balance between spending time on the spreadsheet to find a buyer/seller or using some of the other options which require less time commitment.

[Patel]

Selling 5 MSC @ 0.17

Please no escrow (to make things faster, this is not a big amount, you can check my rep, have done lots of trades)

I added my offer to http://mcoin.io

[buymastercoin]

We would like to respond to the recent comments on this thread, but first of all to say kudos to maxmint for setting up mcoin.io. This is a greatly needed tool, especially for us at BuyMastercoin.com. Liquidity has been a great issue so far in this economy, since most everyone is hoarding.

I'd like to start by saying that there are many of those selling Mastercoins on mcoin.io, the orderbook, and other third party sites for 0.3-10 BTC/MSC. Infact the average asking price is well above what we sell our Mastercoins. JR who holds ~30% of the coins has publicly stated he will not sell for less than 1 BTC/MSC, and if someone offered him that he wouldn't think twice to sell. Nobody is calling these people scammers.

I'd like to add that we have always fulfilled every single order we received and have responded to every single email. We attempt our best to acquire Mastercoins for our customers at a low price point but unfortunately there are barely any sellers. The orderbook is highly outdated, and it is impossible that every order that we receive we would go to the forum hoping to find someone who is online and willing to sell. Our stated goal is to provide a SAFE, EASY, and CONVENIENT way for customers to purchase small and medium amounts of Mastercoins, and we are proud of achieving this goal.

The idea that the orderbook denotes a "market price" is very misleading, especially with 90% being outdated orders. Considering the amount of Mastercoins we sell (and buy) if we were to purchase directly from the orderbook it would push the price sky high or dirt low because of the low market depth and limited availablility. Those who are willing to contact us before hand and setup a pre-order as opposed to an on the fly order receive better rates since it allows us time to acquire liquidity. For those who simply want to buy a mastercoin or two, our only option is to purchase directly from sellers who will not sell at artificial orderbook rates.

We have been the number one source for newcomers to easily acquire Mastercoins and have been helping boost awareness, knowledge and the availability of Mastercoin by creating new demand. Those who hold mastercoins should love us since we helped raise the price of mastercoin by bringing huge amounts of BTC into the market that otherwise wouldn't have come in.

Without us there would be no way for certain people to get Mastercoins since not everyone speaks english, has a bitcointalk account and trusts a google doc orderbook. We have processed more orders and volume than all other sellers combined. We teach people how to send and receive Mastercoins. So for those who feel we are "scamming" simply read the directions on our homepage, contact us for bulk rates, and you will be surprised at the low prices we can actually offer.

-BuyMastercoin.com

[DGulari]

We would like to respond to the recent comments on this thread, but first of all to say kudos to maxmint for setting up mcoin.io. This is a greatly needed tool, especially for us at BuyMastercoin.com. Liquidity has been a great issue so far in this economy, since most everyone is hoarding.

I'd like to start by saying that there are many of those selling Mastercoins on mcoin.io, the orderbook, and other third party sites for 0.3-10 BTC/MSC. Infact the average asking price is well above what we sell our Mastercoins. JR who holds ~30% of the coins has publicly stated he will not sell for less than 1 BTC/MSC, and if someone offered him that he wouldn't think twice to sell. Nobody is calling these people scammers.

I'd like to add that we have always fulfilled every single order we received and have responded to every single email. We attempt our best to acquire Mastercoins for our customers at a low price point but unfortunately there are barely any sellers. The orderbook is highly outdated, and it is impossible that every order that we receive we would go to the forum hoping to find someone who is online and willing to sell. Our stated goal is to provide a SAFE, EASY, and CONVENIENT way for customers to purchase small and medium amounts of Mastercoins, and we are proud of achieving this goal.

The idea that the orderbook denotes a "market price" is very misleading, especially with 90% being outdated orders. Considering the amount of Mastercoins we sell (and buy) if we were to purchase directly from the orderbook it would push the price sky high or dirt low because of the low market depth and limited availablility. Those who are willing to contact us before hand and setup a pre-order as opposed to an on the fly order receive better rates since it allows us time to acquire liquidity. For those who simply want to buy a mastercoin or two, our only option is to purchase directly from sellers who will not sell at artificial orderbook rates.

We have been the number one source for newcomers to easily acquire Mastercoins and have been helping boost awareness, knowledge and the availability of Mastercoin by creating new demand. Those who hold mastercoins should love us since we helped raise the price of mastercoin by bringing huge amounts of BTC into the market that otherwise wouldn't have come in.

Without us there would be no way for certain people to get Mastercoins since not everyone speaks english, has a bitcointalk account and trusts a google doc orderbook. We have processed more orders and volume than all other sellers combined. We teach people how to send and receive Mastercoins. So for those who feel we are "scamming" simply read the directions on our homepage, contact us for bulk rates, and you will be surprised at the low prices we can actually offer.

-BuyMastercoin.com

Not just a scammer - a scammer who thinks he is legit.  What a joke.  "SAFE, EASY, and CONVENIENT " @ 200% the price.  The order book closely keeps a fair market value.  You ripped that guy off because he was naïve.  Not because the order book was outdated.  The only thing worse than a scammer is a lying scammer.  If it was a fair deal - then why don't you refund his money?  Scammer? 

[peled1986]

I'd like to start by saying that there are many of those selling Mastercoins on mcoin.io, the orderbook, and other third party sites for 0.3-10 BTC/MSC. Infact the average asking price is well above what we sell our Mastercoins. JR who holds ~30% of the coins has publicly stated he will not sell for less than 1 BTC/MSC, and if someone offered him that he wouldn't think twice to sell. Nobody is calling these people scammers.

You can ask any sell price you want in the orderbook or anywhere else - it's a free market - that is not the point.
The problem is that it was and still "advertised" by the foundation and therefore misleading for new buyers.
I really don't think the foundation gave a clear answer to this, and the fact that buymastercoin is connected with Ron the Executive Director makes it worse in my opinion.

We attempt our best to acquire Mastercoins for our customers at a low price point but unfortunately there are barely any sellers.

I am sorry but this answer is Bullshit. When I wanted to buy from you, you gave me this exact answer which was false. At the same time I wanted to buy there were "updated order book" sellers for MSC @ 0.12. I bought from them so I know for sure
Than right afterwards I asked you if you wanted to buy the MSC from me and you said that liquidity got better and your buying price is MSC @ 0.12.  (I have the e-mails to prove this)
 

The idea that the orderbook denotes a "market price" is very misleading, especially with 90% being outdated orders.

Some of the orderbook is outdated but at any given time there is an updated order. I can promise you that at any given moment from the time i joined bitcointalk there was an updated order cheaper than the prices at http://www.mastercoin.org/

We have been the number one source for newcomers to easily acquire Mastercoins.

I am sorry for all those newcomers who bought using your service. I’m sure it’s hard for them when they realize they lost 50-75% of their BTC value on the moment of purchase.

Those who hold mastercoins should love us since we helped raise the price of mastercoin by bringing huge amounts of BTC into the market that otherwise wouldn't have come in.

I can't speak for anyone else, but I sure don't love you. I think your connection with the foundation is bad publicity to the foundation. MSC value will rise based on development.

So for those who feel we are "scamming" simply read the directions on our homepage, contact us for bulk rates, and you will be surprised at the low prices we can actually offer.

Anytime that your price is lower or even remotely close to the current updated order on the order book feel free to PM me. I don't expect to get any PM from you ever.  

Not just a scammer - a scammer who thinks he is legit.  What a joke.    

+1

[ejinte]

Some bullshit
I'd like to add that we have always fulfilled every single order we received and have responded to every single email.
More bullshit.

You did not respond to my last email.

After I noticed I got ripped of from this guys I made a post at reddit. However they convinced me to take it away. Somehow it got back up.

Them:

"Did you put the reddit post back up? I wish you would have spoken to me I had nearly convinced my boss to give you a partial refund but I don't think he's gonna consent now."

Me:

"No. I did not. Must be someone else. I told you I will not be the first one to complain about this, and it will not create anything good. Anyhow nice of you speaking to your boss for me. Let me know if he agrees"

Them:

"Is this your post?

http://www.reddit.com/r/mastercoin/comments/1r7nid/be_aware_buy_buymastercoinscom_is_a_rip_off/"

Me:

"Don't know how it got back up. Didn't even sign into reddit. It's gone now. Tell me about what you boss said. "
After no respons:
"Bullshit you didn't speak to any boss you make great profit from this. One US grand just from my transaction. That's why you don't like any bad post about it. "

No answer. You start by lying to me personally and now in public. If they have personal relationship Executive Director I lose all credibility for this project.

What do you guys who put a lot of your own time to be escrow in the order book think about this? If someone should be recommended by the fondation it should be you.

[daviducsb]

Hi All,

I would like to buy 10 BTC worth of Mastercoin around 0.15 I am willing to pay a premium of up to .02 btc per mastercoin (so will buy at 0.17 total price), or whatever may be fair , if someone will show me how to set up a secure mastercoin wallet or btc wallet or whatever I need. I have a btc physical wallet and I'm guessing that won't work for mastercoin. But if it does then great.

Basically I am willing to pay extra to someone who will help me set up this mastercoin buy, effectuate it, and show me how to keep them safe, in physical form if possible (and if not possible and I sound like an idiot then oops).

I am in Los Angeles, can meet in person if anyone is in the neighborhood.

thanks much

[RarsMover11]

If you have a secure BTC wallet it will also be secure for your MSC.
At this point there is no MSC wallet yet, they are simply in your BTC wallet.

As long as you have the private keys to your wallet you can have your mastercoins in there as well.
You shouldn't pay extra for information that is free to find.

If you have questions about Mastercoin you should ask them in this thread:
https://bitcointalk.org/index.php?topic=265488.2560

[klee]

Hi All,

I would like to buy 10 BTC worth of Mastercoin around 0.15 I am willing to pay a premium of up to .02 btc per mastercoin (so will buy at 0.17 total price), or whatever may be fair , if someone will show me how to set up a secure mastercoin wallet or btc wallet or whatever I need. I have a btc physical wallet and I'm guessing that won't work for mastercoin. But if it does then great.

Basically I am willing to pay extra to someone who will help me set up this mastercoin buy, effectuate it, and show me how to keep them safe, in physical form if possible (and if not possible and I sound like an idiot then oops).

I am in Los Angeles, can meet in person if anyone is in the neighborhood.

thanks much

Ask maxmint for help and tip him good

[Voodah]

We would like to respond to the recent comments on this thread, but first of all to say kudos to maxmint for setting up mcoin.io. This is a greatly needed tool, especially for us at BuyMastercoin.com. Liquidity has been a great issue so far in this economy, since most everyone is hoarding.

I'd like to start by saying that there are many of those selling Mastercoins on mcoin.io, the orderbook, and other third party sites for 0.3-10 BTC/MSC. Infact the average asking price is well above what we sell our Mastercoins. JR who holds ~30% of the coins has publicly stated he will not sell for less than 1 BTC/MSC, and if someone offered him that he wouldn't think twice to sell. Nobody is calling these people scammers.

I'd like to add that we have always fulfilled every single order we received and have responded to every single email. We attempt our best to acquire Mastercoins for our customers at a low price point but unfortunately there are barely any sellers. The orderbook is highly outdated, and it is impossible that every order that we receive we would go to the forum hoping to find someone who is online and willing to sell. Our stated goal is to provide a SAFE, EASY, and CONVENIENT way for customers to purchase small and medium amounts of Mastercoins, and we are proud of achieving this goal.

The idea that the orderbook denotes a "market price" is very misleading, especially with 90% being outdated orders. Considering the amount of Mastercoins we sell (and buy) if we were to purchase directly from the orderbook it would push the price sky high or dirt low because of the low market depth and limited availablility. Those who are willing to contact us before hand and setup a pre-order as opposed to an on the fly order receive better rates since it allows us time to acquire liquidity. For those who simply want to buy a mastercoin or two, our only option is to purchase directly from sellers who will not sell at artificial orderbook rates.

We have been the number one source for newcomers to easily acquire Mastercoins and have been helping boost awareness, knowledge and the availability of Mastercoin by creating new demand. Those who hold mastercoins should love us since we helped raise the price of mastercoin by bringing huge amounts of BTC into the market that otherwise wouldn't have come in.

Without us there would be no way for certain people to get Mastercoins since not everyone speaks english, has a bitcointalk account and trusts a google doc orderbook. We have processed more orders and volume than all other sellers combined. We teach people how to send and receive Mastercoins. So for those who feel we are "scamming" simply read the directions on our homepage, contact us for bulk rates, and you will be surprised at the low prices we can actually offer.

-BuyMastercoin.com

Classic.

Thanks for giving the world the gift of a 100% markup.

[bitexch]

First of all, I want to state explicitly that I have no affiliation with buymastercoin.com (as might be guessed from critical comments of Mastercoin's development, which would not be in the interest of someone looking to pump up the price).

I'd like to start by saying that there are many of those selling Mastercoins on mcoin.io, the orderbook, and other third party sites for 0.3-10 BTC/MSC. Infact the average asking price is well above what we sell our Mastercoins. JR who holds ~30% of the coins has publicly stated he will not sell for less than 1 BTC/MSC, and if someone offered him that he wouldn't think twice to sell. Nobody is calling these people scammers.

The idea that the orderbook denotes a "market price" is very misleading, especially with 90% being outdated orders.

That is extremely misleading. The question is not what the average price in the orderbook is, but what the going-rate for Mastercoins is at the time someone is interested in buying.

I'd like to add that we have always fulfilled every single order we received and have responded to every single email. We attempt our best to acquire Mastercoins for our customers at a low price point but unfortunately there are barely any sellers. The orderbook is highly outdated, and it is impossible that every order that we receive we would go to the forum hoping to find someone who is online and willing to sell. Our stated goal is to provide a SAFE, EASY, and CONVENIENT way for customers to purchase small and medium amounts of Mastercoins, and we are proud of achieving this goal.

This. buymastercoin just does what most people here are probably trying to do: buy low and sell high. Granted, given the opaqueness of the Mastercoin market and the fact that their website looks very official (and has a very official sounding name), they have been able to do this with much greater success than the average Mastercoin speculator. As far as I can tell, the only thing they've lied about on their website is regarding what you can do with Mastercoins; right now you can't do anything with them that they advertise. But no one is criticizing that.

Also, buymastercoin performs a distinct service for sellers: they contact sellers directly, and buy in bulk at prices competitive with the market-rate. Often, there is not enough sell pressure to sell in bulk without greatly disrupting the market.

It is worth stating if people are really so disgusted with buymastercoin, they don't have to sell them their MSCs. MSC is a small enough community to where this may have some real effect, and force buymastercoin to lower its prices. This all seems rather similar to people's moral outrage over the unfair wages laborers in China get, and yet still happily shopping at WalMart or Target (the analogy doesn't break down because of those two stores low prices; if buymastercoin has to lower its prices, it will).

Without us there would be no way for certain people to get Mastercoins since not everyone speaks english, has a bitcointalk account and trusts a google doc orderbook. We have processed more orders and volume than all other sellers combined. We teach people how to send and receive Mastercoins.

+1.

Basically,  buymastercoin is a very normal operation, and I am not quite sure what people want from them: do they expect buymastercoin to advertise the GoogleDocs orderbook on their homepage? Or to state explicitly that they are charging well above market price? Or to admit they are scammers? Or to say they're sorry? I am surprised that they even give a disclaimer, saying that their prices may not match market prices.

Th most germane criticism of buymastercoin is that their strategy is extremely short-sighted and will most likely hurt both themselves and Mastercoin: Right now, there are very few people interested in Mastercoin, and the current market-price is well below what it will be if Mastercoin makes good on what it promises; indeed, I would argue that the price on buymastercoin.com is also quite low, when considered from this point of view. Therefore, if/when Mastercoin's proposed features get developed and more people are interested, there will be higher demand and hence higher price, and as buymastercoin has already managed to find itself a bad reputation in the community, they will most likely miss out on the real, future profits. Before we get to that point, however, Mastercoin adoption will probably be hurt by such a major seller having such a huge mark-up; it will probably make those who calls Mastercoin a "scam" shout even louder.

If somebody wants to undercut buymastercoin, they can register the domain name "buymastercoinsforcheap" or something, offer the same services, and start raising awareness of buymastercoin's 'unfair' prices. But certainly complaining about them on a bitcointalk thread - where *much lower* prices are advertised - is not really getting to the root of the problem.

You don't get to tout free market economies and get mad when someone takes advantage of them...

[hl5460]

http://mcoin.io/#  doesn't work in my chrome. Click on link doesn't work.

Is it just me?

[klee]

http://mcoin.io/#  doesn't work in my chrome. Click on link doesn't work.

Is it just me?

Works fine here (chrome).

[DarkEmi]

I think one of the root of the problem is that they are advertisted by the official mastercoin.org website, and thus seems like they are the "official" solution to buy mastercoins.

Personnally I have been pretty shocked when first studying mastercoin to see that the official ressources were advertising for a website that was selling at *4 the price, and it gave me a bad first perspective on mastercoin.

I am really excited on the state of mastercoin development and all the upcoming feature, but this does not shine very well.

Disclaimer, I will be launching a concurrent business. But my insatisfaction with the existing one is part of the reason we are doing it.

[ejinte]

First of all, I want to state explicitly that I have no affiliation with buymastercoin.com (as might be guessed from critical comments of Mastercoin's development, which would not be in the interest of someone looking to pump up the price).

I'd like to start by saying that there are many of those selling Mastercoins on mcoin.io, the orderbook, and other third party sites for 0.3-10 BTC/MSC. Infact the average asking price is well above what we sell our Mastercoins. JR who holds ~30% of the coins has publicly stated he will not sell for less than 1 BTC/MSC, and if someone offered him that he wouldn't think twice to sell. Nobody is calling these people scammers.

The idea that the orderbook denotes a "market price" is very misleading, especially with 90% being outdated orders.

That is extremely misleading. The question is not what the average price in the orderbook is, but what the going-rate for Mastercoins is at the time someone is interested in buying.

I'd like to add that we have always fulfilled every single order we received and have responded to every single email. We attempt our best to acquire Mastercoins for our customers at a low price point but unfortunately there are barely any sellers. The orderbook is highly outdated, and it is impossible that every order that we receive we would go to the forum hoping to find someone who is online and willing to sell. Our stated goal is to provide a SAFE, EASY, and CONVENIENT way for customers to purchase small and medium amounts of Mastercoins, and we are proud of achieving this goal.

This. buymastercoin just does what most people here are probably trying to do: buy low and sell high. Granted, given the opaqueness of the Mastercoin market and the fact that their website looks very official (and has a very official sounding name), they have been able to do this with much greater success than the average Mastercoin speculator. As far as I can tell, the only thing they've lied about on their website is regarding what you can do with Mastercoins; right now you can't do anything with them that they advertise. But no one is criticizing that.

Also, buymastercoin performs a distinct service for sellers: they contact sellers directly, and buy in bulk at prices competitive with the market-rate. Often, there is not enough sell pressure to sell in bulk without greatly disrupting the market.

It is worth stating if people are really so disgusted with buymastercoin, they don't have to sell them their MSCs. MSC is a small enough community to where this may have some real effect, and force buymastercoin to lower its prices. This all seems rather similar to people's moral outrage over the unfair wages laborers in China get, and yet still happily shopping at WalMart or Target (the analogy doesn't break down because of those two stores low prices; if buymastercoin has to lower its prices, it will).

Without us there would be no way for certain people to get Mastercoins since not everyone speaks english, has a bitcointalk account and trusts a google doc orderbook. We have processed more orders and volume than all other sellers combined. We teach people how to send and receive Mastercoins.

+1.

Basically,  buymastercoin is a very normal operation, and I am not quite sure what people want from them: do they expect buymastercoin to advertise the GoogleDocs orderbook on their homepage? Or to state explicitly that they are charging well above market price? Or to admit they are scammers? Or to say they're sorry? I am surprised that they even give a disclaimer, saying that their prices may not match market prices.

Th most germane criticism of buymastercoin is that their strategy is extremely short-sighted and will most likely hurt both themselves and Mastercoin: Right now, there are very few people interested in Mastercoin, and the current market-price is well below what it will be if Mastercoin makes good on what it promises; indeed, I would argue that the price on buymastercoin.com is also quite low, when considered from this point of view. Therefore, if/when Mastercoin's proposed features get developed and more people are interested, there will be higher demand and hence higher price, and as buymastercoin has already managed to find itself a bad reputation in the community, they will most likely miss out on the real, future profits. Before we cross that adoption barrier, however, Mastercoin adoption will probably be hurt by such a major seller having such a huge mark-up; it will probably make those who calls Mastercoin a "scam" shout even louder.

If somebody wants to undercut buymastercoin, they can register the domain name "buymastercoinsforcheap" or something, offer the same services, and start raising awareness of buymastercoin's 'unfair' prices. But certainly complaining about them on a bitcointalk thread - where *much lower* prices are advertised - is not really getting to the root of the problem.

You don't get to tout free market economies and get mad when someone takes advantage of them...

My critic is aimed both at buymastercoin and the mastercoin fondation for promoting that shit. Still they didn't give any official statements although the question has been in this thread for some time now. It seems like the executive director is involved in this ripoff in some way. If someone wants to buy 5 MTC for 0.419 I'm happy to get rid of them. buymastercoin them self is buying for 0.15.  

Disclaimer, I will be launching a concurrent business. But my insatisfaction with the existing one is part of the reason we are doing it.

That's great DarkEmi, let me know if I might help you in any way.

[littleblue]

http://mcoin.io/#  doesn't work in my chrome. Click on link doesn't work.

Is it just me?

me too. it doesn't work in my chrome too.

[DarkEmi]

That's great DarkEmi, let me know if I might help you in any way.

Thanks, everything is roughly done so we are in heavy testing mode right now. We hope to release tomorrow but you never know ;-)