Why I believe Mastercoin should be encoded on the bitcoin blockchain

[btcdrak]

So here's a quote from Mike Hern's reference:

One final reason is that Satoshi was opposed to putting non-Bitcoin related data into the main chain. As creator of the system, his opinion should carry a lot of weight with anyone serious about extending it.

You can pretty much guarantee that will be enforced in the future.

[1715304229]

1715304229

[1715304229]

1715304229

[ASICSRUS]

So here's a quote from Mike Hern's reference:

One final reason is that Satoshi was opposed to putting non-Bitcoin related data into the main chain. As creator of the system, his opinion should carry a lot of weight with anyone serious about extending it.

You can pretty much guarantee that will be enforced in the future.

that's impossible you can always do a morse code type string of transactions

[jadair10]

But in truth it is a competing alt-coin that uses the bitcoin infrastructure.  Its like you said you are going "sailing" but are actually just sitting in your car on a ferry.  MC is technically a service on top of Bitcoin but in essence it is a separate coin.

Bitcoin is more like an aircraft carrier named Honeybadger which was built for the masses which is in an ocean, owned by no country, and surrounded by sharks. And Mastercoin is like a small motocross track with 100 or so individuals trying to organize where to put in its first jump.

The original honeybadger video if you missed it.

[btcdrak]

Actually, it's more like MasterCoin is the honey badger. "MasterCoin just don't care, MasterCoin doesnt give a @#$@"

[ASICSRUS]

But in truth it is a competing alt-coin that uses the bitcoin infrastructure.  Its like you said you are going "sailing" but are actually just sitting in your car on a ferry.  MC is technically a service on top of Bitcoin but in essence it is a separate coin.

Bitcoin is more like an aircraft carrier named Honeybadger which was built for the masses which is in an ocean, owned by no country, and surrounded by sharks. And Mastercoin is like a small motocross track with 100 or so individuals trying to organize where to put in its first jump.

The original honeybadger video if you missed it.

satoshi:  gtfo oh hell no you kaint build the Mastercoin motocross hijack track on top the platform of our BTC aircraft carrier ! 

[ASICSRUS]

One important reason I'm not moving to an alt-chain is the distributed exchange between bitcoin and MasterCoin, which isn't possible if we are on an alt-chain, since it requires using data from standard bitcoin transactions AND MasterCoin transactions to work.

I don't think I've mentioned that reason anywhere else, but it is probably the primary reason I'm not even willing to consider it. There are other reasons, like total cost of development, and even the dirty stink of starting yet another alt chain (For instance, bitshares is doing it "right", but they were banished to the alt section with all those scam coins, which they of course bitterly resent).

I am totally convinced that building on top of bitcoin is the right way to go, for all the reasons here and above in Ron's posts.

would'nt using Bytecoin(bitcoin clone) work just the same ?  tia