MasterCoin Buyer/Seller Thread

[SyRenity]

TKeenan could you explain for me why Mastercoin are better than Nxt and eMunie?

Comparing with NXT - much fairer distribution, which was cut in middle of IPO to benefit a limited group of investors. J.R set a date, generated PR and let everyone to invest up to this date.

As per feature list, MSC expected to bring about same amount of innovation, while relaying on the most distributed super-computer out there - the BTC blockchain.


Comparing with eMunie - much more balanced / mature founder (not treating to cancel the IPO despite there was about same amount of scam accusation attacks), open-source from day one (compared to eMunie purported closed source for several months), large capital amassed (5M$).

[1714823747]

1714823747

[niner]

TKeenan could you explain for me why Mastercoin are better than Nxt and eMunie?

Comparing with NXT - much fairer distribution, which was cut in middle of IPO to benefit a limited group of investors. J.R set a date, generated PR and let everyone to invest up to this date.

As per feature list, MSC expected to bring about same amount of innovation, while relaying on the most distributed super-computer out there - the BTC blockchain.


Comparing with eMunie - much more balanced / mature founder (not treating to cancel the IPO despite there was about same amount of scam accusation attacks), open-source from day one (compared to eMunie purported closed source for several months), large capital amassed (5M$).

Interesting.  Have you compared Mastercoin with Invictus as well?

[SyRenity]

Interesting.  Have you compared Mastercoin with Invictus as well?

It's an interesting project no doubt, but I find dubious the issue of AngelShares on PTS/BTC altogether (vs only on PTS as would be expected), which effectively halved the PTS owners holdings at this point, therefore I best let others to comment.

[Patel]

Whats your opinion on MSC vs XCP, SyRenity?

[SyRenity]

Whats your opinion on MSC vs XCP, SyRenity?

I see them approaching the same goal of launching 2gen capabilities on top of BTC blockchain, but from two different angels:

MSC - heavily funded and PR'ed, centrally managed, significantly vested decision makers (which is a good thing - reminds post-Series A start-up model) and (finally!) full time employees.

XCP - zero funding (other then PoB to generate some initial value), community effort, decentralized approach, apparently more rapid product progress, significantly spread IPO (don't expect 20x-3000x valuations jumps here as with MSC or NXT). Other then that, still to early to tell.


It will be interesting to see how both approaches succeed in future, though I do expect they will benefit each other on the long run.

[klee]

I doubt more than 1% of NXT critics understand that 1bn NXT are Satoshi's equivalent and not Bitcoins.
So we have 21M*100M Satoshis vs 1Bn NXT, go figure!

How much decimals do MSC have?

[td services]

I doubt more than 1% of NXT critics understand that 1bn NXT are Satoshi's equivalent and not Bitcoins.
So we have 21M*100M Satoshis vs 1Bn NXT, go figure!

How much decimals do MSC have?

This is interesting. My NXT client shows 2 decimal places. What is the smallest divisible unit? I don't really look at number of currency units issued, but more at what fraction of total issue do I receive for investment. 1 decimal location is as good as another, but comparing quantities of minimum divisible unit along with the minimum transaction fee to send a unit does make sense.

Ethereum, for instance, lists its minimum unit as the Wei, 2¹²⁸ theoretical max, 2¹⁰⁰ = 1.26765x10²⁹ expected maximum Wei, 1 Ether (ETH) = 10¹⁸ Wei

Minimum practical unit size would be some multiple of minimum transaction fee.

[td services]

Interesting.  Have you compared Mastercoin with Invictus as well?

It's an interesting project no doubt, but I find dubious the issue of AngelShares on PTS/BTC altogether (vs only on PTS as would be expected), which effectively halved the PTS owners holdings at this point, therefore I best let others to comment.

It hasn't really halved PTS holdings since they originally were going to form 10% of genesis block of subsequent DACs, and now Angelshares will be added as another 10% of each genesis block, and the number of Bitshares has been reduced from I think 12 million PoS mined to 4 million PoS premined. Also, Some PTS is being consumed by exchange into Angelshares, though these may reenter the market by being resold by Invictus to fund development. This is all really a patch to compensate for the much faster than expected mining of PTS due to cloudmining and botnets, so Invictus is moving to PoS only while still honoring its commitment to Protoshares and its PoW mining.

It's probably not in my best interests to say it since I want to accumulate a lot more, but I think PTS is grossly undervalued at this point. Hopefully, the Angelshare lottery will keep the PTS price down while MSC goes up and the Ethereum pre-sale is underway, since I plan to add more PTS, XCP, and ETH to my portfolio.

[StarenseN]

the Angelshare lottery will keep the PTS price down

Hello sir. Thank you very much for your insights but I don't get you on that point. What's the logic behind that statement? The selling pressure by the AGS foundation ?

[klee]

I doubt more than 1% of NXT critics understand that 1bn NXT are Satoshi's equivalent and not Bitcoins.
So we have 21M*100M Satoshis vs 1Bn NXT, go figure!

How much decimals do MSC have?

This is interesting. My NXT client shows 2 decimal places. What is the smallest divisible unit? I don't really look at number of currency units issued, but more at what fraction of total issue do I receive for investment. 1 decimal location is as good as another, but comparing quantities of minimum divisible unit along with the minimum transaction fee to send a unit does make sense.

Ethereum, for instance, lists its minimum unit as the Wei, 2¹²⁸ theoretical max, 2¹⁰⁰ = 1.26765x10²⁹ expected maximum Wei, 1 Ether (ETH) = 10¹⁸ Wei

Minimum practical unit size would be some multiple of minimum transaction fee.

They have added 2 decimals for the DEx, so know basically it would be 100bn 'Satoshi_NXTs'.
I would like a coinmarketcap style site where it would saw prices like this:

(1coin price in dollars)/number_of_total_coins
(1coin price in BTC)/number_of_total_coins

[td services]

I doubt more than 1% of NXT critics understand that 1bn NXT are Satoshi's equivalent and not Bitcoins.
So we have 21M*100M Satoshis vs 1Bn NXT, go figure!

How much decimals do MSC have?

This is interesting. My NXT client shows 2 decimal places. What is the smallest divisible unit? I don't really look at number of currency units issued, but more at what fraction of total issue do I receive for investment. 1 decimal location is as good as another, but comparing quantities of minimum divisible unit along with the minimum transaction fee to send a unit does make sense.

Ethereum, for instance, lists its minimum unit as the Wei, 2¹²⁸ theoretical max, 2¹⁰⁰ = 1.26765x10²⁹ expected maximum Wei, 1 Ether (ETH) = 10¹⁸ Wei

Minimum practical unit size would be some multiple of minimum transaction fee.

They have added 2 decimals for the DEx, so know basically it would be 100bn 'Satoshi_NXTs'.
I would like a coinmarketcap style site where it would saw prices like this:

(1coin price in dollars)/number_of_total_coins
(1coin price in BTC)/number_of_total_coins

That would be useful. Do you know of a way to export the coinmarketcap to a spreadsheet? This would be useful for analysis. I'm also inclined to think the true value of an asset is a function of the market's ability to absorb it, so just multiplying the last sale price by the total in circulation is misleading and overly optimistic.

[klee]

I doubt more than 1% of NXT critics understand that 1bn NXT are Satoshi's equivalent and not Bitcoins.
So we have 21M*100M Satoshis vs 1Bn NXT, go figure!

How much decimals do MSC have?

This is interesting. My NXT client shows 2 decimal places. What is the smallest divisible unit? I don't really look at number of currency units issued, but more at what fraction of total issue do I receive for investment. 1 decimal location is as good as another, but comparing quantities of minimum divisible unit along with the minimum transaction fee to send a unit does make sense.

Ethereum, for instance, lists its minimum unit as the Wei, 2¹²⁸ theoretical max, 2¹⁰⁰ = 1.26765x10²⁹ expected maximum Wei, 1 Ether (ETH) = 10¹⁸ Wei

Minimum practical unit size would be some multiple of minimum transaction fee.

They have added 2 decimals for the DEx, so know basically it would be 100bn 'Satoshi_NXTs'.
I would like a coinmarketcap style site where it would saw prices like this:

(1coin price in dollars)/number_of_total_coins
(1coin price in BTC)/number_of_total_coins

That would be useful. Do you know of a way to export the coinmarketcap to a spreadsheet? This would be useful for analysis. I'm also inclined to think the true value of an asset is a function of the market's ability to absorb it, so just multiplying the last sale price by the total in circulation is misleading and overly optimistic.

This too! Trading volume & depth are also essential.
I have no idea about exporting coinmarketcap to a spreadsheet but I bet it is doable - do they provide an API?

[td services]

the Angelshare lottery will keep the PTS price down

Hello sir. Thank you very much for your insights but I don't get you on that point. What's the logic behind that statement? The selling pressure by the AGS foundation ?

It's just an observation that PTS price decreased since the start of the Angelshares lottery. The initial cost per Angelshare was less in the BTC side of the lottery than the PTS side, so the PTS price decreased to reduce PTS/AGS to BTC/AGS arbitrage. Since PTS is a lot more thinly traded than BTC, it was much easier for its price to move towards equilibrium - it has a lot less inertia than the BTC market.

[td services]

That would be useful. Do you know of a way to export the coinmarketcap to a spreadsheet? This would be useful for analysis. I'm also inclined to think the true value of an asset is a function of the market's ability to absorb it, so just multiplying the last sale price by the total in circulation is misleading and overly optimistic.

This too! Trading volume & depth are also essential.
I have no idea about exporting coinmarketcap to a spreadsheet but I bet it is doable - do they provide an API?

I don't know about an API. Setting up for crypto asset market analysis is on my to-do list after I've set up my positions in the current flurry of nextgen crypto asset start-ups. It's been a near full time job just keeping up and studying what's being offered.

[marcelus]

That would be useful. Do you know of a way to export the coinmarketcap to a spreadsheet? This would be useful for analysis. I'm also inclined to think the true value of an asset is a function of the market's ability to absorb it, so just multiplying the last sale price by the total in circulation is misleading and overly optimistic.

This too! Trading volume & depth are also essential.
I have no idea about exporting coinmarketcap to a spreadsheet but I bet it is doable - do they provide an API?

I don't know about an API. Setting up for crypto asset market analysis is on my to-do list after I've set up my positions in the current flurry of nextgen crypto asset start-ups. It's been a near full time job just keeping up and studying what's being offered.

I second that! It's a minefield.

[BitThink]

NXT did this really well by getting a large group of founders together who also must distribute shares.  That is good leverage for the pump and dump.  At least the burden doesn't all fall on one guy.  But no matter how slick their website is, they don't have a war chest to pay developers.

eMunie not so much.  eMunie died before their IPO.  But they are durable, now we have eMunie IPO2.

Is this a sarcasm?

[hmmmstrange]

Nice to see JR's coins starting to move.

[watuba]

Nice to see JR's coins starting to move.

+1

[littleblue]

Nice to see JR's coins starting to move.

+1

-1

[ninjaboon]

We are planning to have MasterCoin added to a new Exchange...coming soon.