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Author Topic: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread  (Read 164809 times)
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nakaone
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April 22, 2014, 02:02:43 PM
 #241

do not take it personally

but the pegging of msc to btc was a catastrophe - for an elegant solution of using two currencies to start an ipo look how bitshares solved that problem with their snapshots and the angelshare bitshare donation adresses. i do not like daniel very much but they offer proper solutions for doing a fair ipo

Got a link?
https://bitsharestalk.org/index.php?topic=1631.0
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April 22, 2014, 02:13:38 PM
 #242

It looks like the MSC address is closed

Confirmed.

Looks like the crowdsale was closed with this transaction:

https://blockchain.info/tx/b8864525a2eef4f76a58f33a4af50dc24461445e1a420e21bcc99a1901740e79

But there is no official announcement. Those were not the rules of the fundraise right?

It is 7am PST.  I am ready to invest.  I spent all day yesterday buying MSC at prices between .17 and .19 so I'd be ready to buy MaidSafe, according to the rules announced, early this morning.  How I have shitloads of expensive MSC - and I am not allowed to use them.  What kind of a trick is this?

Nice. Some private seller? MSC never reached 0.19.

..bustadice..         ▄▄████████████▄▄
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......Play......
alnoor1231
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April 22, 2014, 02:24:15 PM
 #243

Wow they raised a crapload of $$! Check this out:

https://blockchain.info/address/1KHfLixa2idRnZXMUfEisBati1vpywaH6E

What is it? About 1.8 million dollars within the first few hours? Amazing....

-Al
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April 22, 2014, 02:26:26 PM
 #244

Wow they raised a crapload of $$! Check this out:

https://blockchain.info/address/1KHfLixa2idRnZXMUfEisBati1vpywaH6E

What is it? About 1.8 million dollars within the first few hours? Amazing....

-Al

And around 4M $ in Mastercoins.

..bustadice..         ▄▄████████████▄▄
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       ████████████
......Play......
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April 22, 2014, 02:35:46 PM
 #245

It looks like the MSC address is closed

Confirmed.

Looks like the crowdsale was closed with this transaction:

https://blockchain.info/tx/b8864525a2eef4f76a58f33a4af50dc24461445e1a420e21bcc99a1901740e79

But there is no official announcement. Those were not the rules of the fundraise right?

It is 7am PST.  I am ready to invest.  I spent all day yesterday buying MSC at prices between .17 and .19 so I'd be ready to buy MaidSafe, according to the rules announced, early this morning.  How I have shitloads of expensive MSC - and I am not allowed to use them.  What kind of a trick is this?

I would go ahead and send them. As far as I know they never said they won't continue to accept MSC, only it looks like they want to discourage it. So far we don't have any reason to assume they won't stick to their word.

Of course, this is bitcoinland......

more or less retired.
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April 22, 2014, 03:10:08 PM
 #246

It looks like the MSC address is closed

Confirmed.

Looks like the crowdsale was closed with this transaction:

https://blockchain.info/tx/b8864525a2eef4f76a58f33a4af50dc24461445e1a420e21bcc99a1901740e79

But there is no official announcement. Those were not the rules of the fundraise right?

Here is a reference from David Irvine to back it up:

https://groups.google.com/d/msg/maidsafe-development/9QTj0d2pGPo/NPC7XkUrdzEJ

The above quoted transaction translates to the following raw Mastercoin data package:

Quote
000000350000000300000000000000000000000000000000000000000000

Let's break it down. There is the Mastercoin transaction type "Close a Crowdsale Manually":

https://github.com/mastercoin-MSC/spec#close-a-crowdsale-manually

Which consists of:

Quote
16 bit wide: Transaction version: 0
16 bit wide: Transaction type: 53
32 bit wide: Currency identifier

Analyzing the raw data:

Quote
Transaction version: 0x0000 => 0
Transaction type: 0x0035 => 53
Currency identifier: 0x00000003 => 3

I see no reason why this transaction may be considered as invalid and therefore I think the fundraiser was closed with block 000000000000000049b630ae81eafca5728ff50bb80978b8424755ca67bf1c4f at a height of 297148 at unix time 1398173740 or 22 Apr 2014 13:35:40 UTC - at least on a protocol level.

Transactions after the close order are considered as "simple send" (= transfer MSC to the address).

Very sad it ended this fast. The sheer amount of incoming MSC and BTC was probably not expected.

After reading through the Google group it seems many are affected by this and I'm curious how this will turn out. Now it's up to David Irvine to decide what happens with the MSC sent after the crowdsale was closed. Worst case is probably a manual refund of the MSC - but that's only speculation and I have absolutely no insight in this matter.

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April 22, 2014, 05:04:08 PM
 #247

Wow. Here's what I wrote on MastercoinTalk about this:

http://mastercointalk.org/index.php?topic=415.msg1032#msg1032

Quote
At the Toronto bitcoin conference I had a conversation with David Johnston that went something like this:

me: So, do you think Maidsafe will actually sell out? That's a lot of money for only 10% of their coins . . .
DJ: Yeah, I actually do. I know several people who plan to invest
me: <skeptical look> I sure hope so. It would be embarrassing if their fundraiser is a flop because it's too expensive

Just yesterday I posted this embarassing tidbit:

Quote
Armory decided it needs to reindex the world, otherwise dev MSC for February would have gone out today. Sad

Some of you have asked me to hurry this money along in order to use it to buy MaidSafeCoins. I'm sorry to say it's looking like we won't quite make that deadline.

However, I think it unlikely that Maidsafe will sell out in the first 24 hours, so hopefully this won't make a huge difference to most of you.

And then there's me. I thought I had a few days to get things together to invest some of my own MSC into the Maidsafe fundraiser. NOPE! That door is closed now. I got zero MaidsafeCoins. Anything I want I'll have to buy on the open market.

No matter what I need to figure out how to get some for the people who didn't get their dev MSC in time to invest on account of my slowness.

David Johnston posted in our Skype channel that he got more MaidsafeCoins than expected due to the bonus, and that he might sell some to people who bought MSC just to get Maidsafe coins and now are mad they can't do that. Not sure what terms he is offering on that - you'll have to ask him.

So yeah, that was unbelievable. I'm sure there will be some official communications soon. This is just me personally reacting.

One thing we have definitely proved - it's possible to raise a crap-ton of money really fast using the Master Protocol!

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April 22, 2014, 05:07:57 PM
 #248

Why Masterchest is down exactly the day it would be the more useful?
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April 22, 2014, 05:11:39 PM
 #249

Wow. Here's what I wrote on MastercoinTalk about this:

http://mastercointalk.org/index.php?topic=415.msg1032#msg1032

Quote
At the Toronto bitcoin conference I had a conversation with David Johnston that went something like this:

me: So, do you think Maidsafe will actually sell out? That's a lot of money for only 10% of their coins . . .
DJ: Yeah, I actually do. I know several people who plan to invest
me: <skeptical look> I sure hope so. It would be embarrassing if their fundraiser is a flop because it's too expensive

Just yesterday I posted this embarassing tidbit:

Quote
Armory decided it needs to reindex the world, otherwise dev MSC for February would have gone out today. Sad

Some of you have asked me to hurry this money along in order to use it to buy MaidSafeCoins. I'm sorry to say it's looking like we won't quite make that deadline.

However, I think it unlikely that Maidsafe will sell out in the first 24 hours, so hopefully this won't make a huge difference to most of you.

And then there's me. I thought I had a few days to get things together to invest some of my own MSC into the Maidsafe fundraiser. NOPE! That door is closed now. I got zero MaidsafeCoins. Anything I want I'll have to buy on the open market.

No matter what I need to figure out how to get some for the people who didn't get their dev MSC in time to invest on account of my slowness.

David Johnston posted in our Skype channel that he got more MaidsafeCoins than expected due to the bonus, and that he might sell some to people who bought MSC just to get Maidsafe coins and now are mad they can't do that. Not sure what terms he is offering on that - you'll have to ask him.

So yeah, that was unbelievable. I'm sure there will be some official communications soon. This is just me personally reacting.

One thing we have definitely proved - it's possible to raise a crap-ton of money really fast using the Master Protocol!
I think David may have to sort something out. Plenty of people been caught out here, so may address bad feeling going forward. Dont know how he would do it though.
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April 22, 2014, 07:41:49 PM
 #250

Why Masterchest is down exactly the day it would be the more useful?

Because zathras has been working for over 24 hours straight and needed to sleep ... and Murphy's Law.

Please do not pm me, use ron@bitcoin.org.il instead
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April 22, 2014, 08:31:12 PM
 #251

The biggest BS is that mastercoin is holding my bitcoins hostage since morning, it is still pending. What a bunch of crap.

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April 22, 2014, 09:32:46 PM
 #252

Does anyone know when the Maidsafe will be issued? Also how do you see what assets you have on the online wallet?
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April 22, 2014, 09:37:17 PM
 #253

It looks like the MSC address is closed

Confirmed.

Looks like the crowdsale was closed with this transaction:

https://blockchain.info/tx/b8864525a2eef4f76a58f33a4af50dc24461445e1a420e21bcc99a1901740e79

But there is no official announcement. Those were not the rules of the fundraise right?

Here is a reference from David Irvine to back it up:

https://groups.google.com/d/msg/maidsafe-development/9QTj0d2pGPo/NPC7XkUrdzEJ

The above quoted transaction translates to the following raw Mastercoin data package:

Quote
000000350000000300000000000000000000000000000000000000000000

Let's break it down. There is the Mastercoin transaction type "Close a Crowdsale Manually":

https://github.com/mastercoin-MSC/spec#close-a-crowdsale-manually

Which consists of:

Quote
16 bit wide: Transaction version: 0
16 bit wide: Transaction type: 53
32 bit wide: Currency identifier

Analyzing the raw data:

Quote
Transaction version: 0x0000 => 0
Transaction type: 0x0035 => 53
Currency identifier: 0x00000003 => 3

I see no reason why this transaction may be considered as invalid and therefore I think the fundraiser was closed with block 000000000000000049b630ae81eafca5728ff50bb80978b8424755ca67bf1c4f at a height of 297148 at unix time 1398173740 or 22 Apr 2014 13:35:40 UTC - at least on a protocol level.

Transactions after the close order are considered as "simple send" (= transfer MSC to the address).

Very sad it ended this fast. The sheer amount of incoming MSC and BTC was probably not expected.

After reading through the Google group it seems many are affected by this and I'm curious how this will turn out. Now it's up to David Irvine to decide what happens with the MSC sent after the crowdsale was closed. Worst case is probably a manual refund of the MSC - but that's only speculation and I have absolutely no insight in this matter.











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April 23, 2014, 01:33:19 AM
 #254

Does anyone know when the Maidsafe will be issued? Also how do you see what assets you have on the online wallet?

https://masterchest.info/ is working now.

If you sent MSC then your MaidSafe balance should show up.

If you sent BTC then it may take a while to show up.
I think they said 24-48 hours for the BTC to be converted.


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April 23, 2014, 03:52:43 AM
 #255

Does anyone know when the Maidsafe will be issued? Also how do you see what assets you have on the online wallet?

https://masterchest.info/ is working now.

If you sent MSC then your MaidSafe balance should show up.

If you sent BTC then it may take a while to show up.
I think they said 24-48 hours for the BTC to be converted.



Cheers is there a way to send them without downloading the whole blockchain? The online wallet masterchain.info doesn't seem to see any assets  Huh
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April 23, 2014, 04:29:48 AM
 #256

I think Mastercoin's price will fall back down after Maidsafe finishes its fund raiser.

I finally got one right! hahaha

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April 23, 2014, 04:37:56 AM
 #257

Does anyone know if omni wallets been properly tested and if it allows trade of assets?
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April 23, 2014, 06:16:40 AM
 #258

Does anyone know if omni wallets been properly tested and if it allows trade of assets?

Omniwallet is still in alpha testing.  They only do MSC/TSMC/BTC at the moment from what I can see.

https://test.omniwallet.org/

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April 23, 2014, 06:42:36 AM
 #259

Does anyone know if omni wallets been properly tested and if it allows trade of assets?

Omniwallet is still in alpha testing.  They only do MSC/TSMC/BTC at the moment from what I can see.

https://test.omniwallet.org/

Sounds about right getting that impression Davids the kind of bloke that would pay $5m to launch i.o.u's on badly coded alpha software  Cool jk I know you mastercoin guys are really serious  Grin
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April 23, 2014, 07:41:46 AM
 #260

Regarding the MaidSafe crowd funding, see, also:

https://bitcointalk.org/index.php?topic=577149.0

https://bitcointalk.org/index.php?topic=579424.0

Smiley

Don't be afraid to donate Bitcoin >>> 1JDJotyxZLFF8akGCxHeqMkD4YrrTmEAwz !
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