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Author Topic: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread  (Read 165148 times)
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udecker
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December 07, 2014, 08:21:28 PM
 #1081

Just bought another 100msc off the omniwallet @ 0.01BTC  Cheesy

Wanted to ask if it is possible to add an auto payment check box for the transaction if all the criteria are met and the buy offer is "good to go" since sometimes it's not possible nor convenient to wait 30-40 minutes for bitcoin block (I just waited 50min, and 30min before that) ?  

Unless it can cause some security matters..

Mishax1, it is possible, but the concern is keeping a pre-signed transaction for the user.  The security concern is that the server would then have the ability to spend tokens (because the user had pre-signed to allow this) even if the criteria wasn’t met (the transaction was pre-signed and could be broadcast no matter the criteria).  Of course, if the criteria isn’t met the server should simply discard the pre-signed transaction.  It’s not a “trust-less” solution, but it is a way to do it.

Out of curiousity, you as a user: are you comfortable with a pre-signed transaction sitting on the server waiting on the buy criteria to be valid?  Is the extra convenience worth the security concern?


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mishax1
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December 07, 2014, 08:41:21 PM
 #1082

Just bought another 100msc off the omniwallet @ 0.01BTC  Cheesy

Wanted to ask if it is possible to add an auto payment check box for the transaction if all the criteria are met and the buy offer is "good to go" since sometimes it's not possible nor convenient to wait 30-40 minutes for bitcoin block (I just waited 50min, and 30min before that) ?  

Unless it can cause some security matters..

Mishax1, it is possible, but the concern is keeping a pre-signed transaction for the user.  The security concern is that the server would then have the ability to spend tokens (because the user had pre-signed to allow this) even if the criteria wasn’t met (the transaction was pre-signed and could be broadcast no matter the criteria).  Of course, if the criteria isn’t met the server should simply discard the pre-signed transaction.  It’s not a “trust-less” solution, but it is a way to do it.

Out of curiousity, you as a user: are you comfortable with a pre-signed transaction sitting on the server waiting on the buy criteria to be valid?  Is the extra convenience worth the security concern?


In that case I would avoid it at this early stage, maybe add it as an option in the future..
It came to my mind after a certain situation I have encountered while buying from the dex, I actually forgot to "send the cash" and finish the trade (It's been a while since the last time I used the dex/masterchest), I started browsing the menus and clicked "My Offers" to find out that I didn't send the cash after I have accepted the offer.  At least a reminder should "pop up" after accepting the offer..
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December 08, 2014, 02:56:12 PM
 #1083


Whats the word about Bitfinex integrating mastercoin.. ?
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December 08, 2014, 03:20:20 PM
 #1084

In that case I would avoid it at this early stage, maybe add it as an option in the future..
It came to my mind after a certain situation I have encountered while buying from the dex, I actually forgot to "send the cash" and finish the trade (It's been a while since the last time I used the dex/masterchest), I started browsing the menus and clicked "My Offers" to find out that I didn't send the cash after I have accepted the offer.  At least a reminder should "pop up" after accepting the offer..

I agree, responsiveness would be awesome. According to the GitHub issues it's planned though.

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December 10, 2014, 03:50:33 PM
 #1085


Omni in the Alps
udecker
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December 12, 2014, 06:19:07 PM
 #1086

Some more UI updates have been posted on github https://github.com/mastercoin-MSC/omniwallet/issues/1137 for Omniwallet, and here are some teaser shots for Master Core for Windows (just putting the polish on)….





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December 12, 2014, 08:14:53 PM
 #1087

Looks actually pretty "edgy" ("sharp"?) on Windows. In contrast:


littleblue
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December 15, 2014, 03:27:36 PM
 #1088

 Cry  game over? msc is dead ?
mishax1
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December 15, 2014, 03:35:21 PM
 #1089


Nope  Grin
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December 15, 2014, 08:57:29 PM
 #1090

How will msc get more volume in exchanges?

Behold the Tangle Mysteries! Dare to know It's truth.

- Excerpt from the IOTA Sacred Texts Vol. I
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December 16, 2014, 08:40:28 PM
 #1091

Is developers working for free now?

 

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udecker
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December 16, 2014, 08:42:19 PM
 #1092

Is developers working for free now?

No, full-time developers are still being paid from the original crowdsale funds.  As we transition to the sponsorship model, developers will be sponsored by partners.

Craig

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December 19, 2014, 05:28:27 PM
 #1093

Cry  game over? msc is dead ?
For you it is over little blue.  It's been over since you arrived. 
gomei
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December 20, 2014, 03:26:37 PM
 #1094

Cry  game over? msc is dead ?
of course not, it is good time to buy some cheap MSC,
even below the IPO price now.

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littleblue
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December 20, 2014, 06:32:06 PM
 #1095

Cry  game over? msc is dead ?
of course not, it is good time to buy some cheap MSC,
even below the IPO price now.
Undecided  you  buy
mishax1
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December 20, 2014, 07:50:55 PM
 #1096


Just saw this overview about mastercoin made by overstock - https://o.info/index.php/How_to_Issue_a_Cryptosecurity_using_Mastercoin

More info can be found here - https://o.info/index.php/How_to_issue_a_cryptosecurity

I must say that overstock did their due diligence.. and I could guess the word that came to their mind while reviewing mastercoin.. pathetic.
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December 21, 2014, 05:15:45 AM
Last edit: December 21, 2014, 06:24:30 AM by dexX7
 #1097


Just saw this overview about mastercoin made by overstock - https://o.info/index.php/How_to_Issue_a_Cryptosecurity_using_Mastercoin

More info can be found here - https://o.info/index.php/How_to_issue_a_cryptosecurity

I must say that overstock did their due diligence.. and I could guess the word that came to their mind while reviewing mastercoin.. pathetic.

This is fascinating. Not that I really agree with "they did their due diligence", but fascinating in the sense that Overstock really seems to push it.

Quote
'Exodus tax': some money goes to creator with every transaction (bitcoin dust 0.00006 btc about $0.03)

The output to Exodus was initially intended for tagging purposes. The set of millions of all Bitcoin transactions, which may qualify as Mastercoin transactions, can be reduced to only those received by 1EXoDus, which is a significantly lower amount. Though at this point I believe there is no longer need for it, due to other mechanisms that could be used for this purpose, and especially because Master Core is a thick client.

Recommendations to adopt lower dust values were published first, if I recall correctly, in May, and experiments were started to collect a sample of 250 transactions right after, to evaluate confirmation times and miner acceptance. It was then picked up by Chancecoin in June, serving as very valuable resource to gather further information, resulting finally in the adoption of the new "let's cut the cost by a factor 10" policy in September as part of Master Core.

A larger amount of bitcents left on the table is based on the low redemption rate of multisig dust, where about 40 % of all Mastercoin, 35 % of all Chancecoin and 10 % of all Counterparty bare multisig outputs were actually reclaimed at this point. On top it's appearingly low enough to fuel Luke-Jr's vendetta against "spam", and resulting in a proposal to make bare multisig non-standard as per default.

I this context, I consider this statement as misrepresentation and to put it into some relation: the dust sent to Exodus was about 0.9231 bitcoin a few blocks ago.

mishax1
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December 22, 2014, 08:31:04 AM
 #1098


Could you guys tell us more about the developers sponsorship plans ? how does it work ?
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December 22, 2014, 04:41:26 PM
 #1099

Any dust is too much.

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December 22, 2014, 04:44:01 PM
 #1100

Some dust can be recollected. - http://redeem.bitwatch.co
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