The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread

[mishax1]

These "idiots" were the community and backers of this project, HUGELY funded which opened the door for more other great projects to enter the Bitcoin space.
The problem was, that they undervalued the community and took it for granted, at least that's what I felt.. I was here from day one, and watched the whole movie (or the few pictured that leaked out).. and JRs' action(and leaving) was the knock-out move.

[prophetx]

These "idiots" were the community and backers of this project, HUGELY funded which opened the door for more other great projects to enter the Bitcoin space.
The problem was, that they undervalued the community and took it for granted, at least that's what I felt.. I was here from day one, and watched the whole movie (or the few pictured that leaked out).. and JRs' action(and leaving) was the knock-out move.

let me dig up some real old skeletons... ethereum stole away some of the best developers mastercoin had.  these guys were paid very handsomely and their departure helped crash the price (it was over $100m if you remember correctly).

meanwhile i was forced into writing blogs about how the DEX was delayed once again... by the time JR mastercoin had been walking dead for a while.

oddly enough what happened to "TheDAO" could not have happened using something like Mastercoin.

sometimes you have to laugh at the things life throws at you. forgive and move on.

[bravenewcoin]

Are there any greater developments in process?

Despite everything, development has continue for a long time. There's been a lot of development recently.

The next version is coming out and will offer some greatly anticipated features on the DEX. I understand this is about 1 week away.

[hmmmstrange]

Are there any greater developments in process?

Despite everything, development has continue for a long time. There's been a lot of development recently.

The next version is coming out and will offer some greatly anticipated features on the DEX. I understand this is about 1 week away.

It was 1 week away 2.5 years ago.

[wavespump]

These "idiots" were the community and backers of this project, HUGELY funded which opened the door for more other great projects to enter the Bitcoin space.
The problem was, that they undervalued the community and took it for granted, at least that's what I felt.. I was here from day one, and watched the whole movie (or the few pictured that leaked out).. and JRs' action(and leaving) was the knock-out move.

MSC was so strong but now it is almost dead. The most disappointing project with so much money raised in ICO, what a shame!

[Cablez]

One of the first ICOs that sadly lead into many others. They should have killed this one so much sooner and maybe spared the community the future BS.

[JPage]

let me dig up some real old skeletons... ethereum stole away some of the best developers mastercoin had.  

JR said "Ethereum is a 'boil the ocean' approach" - way too many attack vectors.  Turned out he was right.  Just the first attack is a major nightmare that put the entire system into chaos.  Chaos that gets more complex each day with yet new attack vectors on the solution to the attack - i.e. the replay attacks on the prongs of the recent fork.  Ethereum has a very complex future.  Might work.  Might explode.

Omni still have a remarkable position.  It is Bitcoin - with minor added features.  It is 'Bitcoin+'  Even simple Bitcoin is still being 'built out'.  The infrastructure is not here yet (wallets, exchanges, et cetera).  It is going to take a LONG time.  For 1990 to 2000, the Internet truly sucked.  Omni will mature alongside and offer great extension on the Bitcoin blockchain.  They just need to keep the devs interested and working and get new dev talent to join.  5 years from now, Omni could be very important.  

The stupid pump-and-dump of typical alts is a distraction.  The idea that we 'have to get the price up' is poison.  We just have to get the function up.  The price will come up naturally after that.  If you love pump-and-dump, go buy Steem; maybe even DeOS.  

[johnybyo]

Congrats Omni for support Bitfinex and do BFX token for them.

[Hit It!]

Congrats Omni for support Bitfinex and do BFX token for them.

Oh nice!

Another top 20 market cap traded token on the bitcoin blockchain.

[StarenseN]

Yeah, if you look purely on the stats, OMNI looks under-evaluated.





src:
https://twitter.com/Beetcoin/status/762673021412868096
https://twitter.com/Beetcoin/status/762711552902455296

[johnybyo]

Yeah, if you look purely on the stats, OMNI looks under-evaluated.



src:
https://twitter.com/Beetcoin/status/762673021412868096
https://twitter.com/Beetcoin/status/762711552902455296

Where I can see Omni network all the time transaction amount?

[Hit It!]

Yeah, if you look purely on the stats, OMNI looks under-evaluated.

If you see something undervalued, it is better to buy than to run around blabbing about it.  Go buy Omni if it is undervalued.  If you don't buy, then it is not undervalued.

[TraderTimm]

Abysmal volume == The market has spoken. Buy at your own risk. Marketcap isn't a reliable indicator for future "success". If anything, it only points to how many people were duped.

But keep on rationalizing the token du jour.... lol

[mishax1]

Oh boy, this is going to be interesting..

https://twitter.com/el33th4xor/status/763014333412569089

[nmak]

Looks like the market is saying something interesting at the moment.  Not sure what that means....  Maybe there should be a book or movie called "The curious case of Mastercoin" or should I say Omni.

Interesting.....

[Thenoticer]

Abysmal volume == The market has spoken. Buy at your own risk. Marketcap isn't a reliable indicator for future "success". If anything, it only points to how many people were duped.

But keep on rationalizing the token du jour.... lol

Price is up. Volume is over a quarter of a mil. Something IS going on as volume has been only a few hundred or a few thousand for well over a year.

[dacoinminster]

Price is up. Volume is over a quarter of a mil. Something IS going on as volume has been only a few hundred or a few thousand for well over a year.

Have you guys seen the market cap of tether over the past few months? It's really taking off. Also Maidsafe is doing really well. The assets on the Omni layer are huge and getting bigger all the time. Most recently, this: https://www.bitfinex.com/posts/129:

I don't have any inside information, but I think this is what happened:

1) Bitfinex realized they needed a token, and looked around to see what protocol would be best
2) Due to existing exchange infrastructure, it's really easy to add bitcoin-based tokens like Omni, and our system is already well-proven
3) Ethereum-based tokens, let's face it, are a little scary right now to the public, even though I'm sure they are safe if set up correctly
4) So it's either Omni or Counterparty. What would you choose? (I'm restraining myself heavily right now from talking about their history . . .)

[DGulari]

Price is up. Volume is over a quarter of a mil. Something IS going on as volume has been only a few hundred or a few thousand for well over a year.

Have you guys seen the market cap of tether over the past few months? It's really taking off. Also Maidsafe is doing really well. The assets on the Omni layer are huge and getting bigger all the time. Most recently, this: https://www.bitfinex.com/posts/129:

I don't have any inside information, but I think this is what happened:

1) Bitfinex realized they needed a token, and looked around to see what protocol would be best
2) Due to existing exchange infrastructure, it's really easy to add bitcoin-based tokens like Omni, and our system is already well-proven
3) Ethereum-based tokens, let's face it, are a little scary right now to the public, even though I'm sure they are safe if set up correctly
4) So it's either Omni or Counterparty. What would you choose? (I'm restraining myself heavily right now from talking about their history . . .)

Correct me if I am wrong, but the new issue value is $62 million.  That makes it the most valuable token ahead of Maidsafe.  Just because it is 'debt' rather than 'equity' doesn't reduce the net value of the asset. 

We now have:
BFX - $62M
Maidsafe - $42M
Synereo  - $20.5M
Tether - $7M
Agoras Tokens - $6M

Clearly, if you have a multimillion dollar debt or equity issue to be made, Omni is the platform that can handle it.

It does appear to be an interesting first to do a 'debt issue'.  Typically, debt is issued as bonds.  This lays groundwork for a special new kind of crypto-token having new performance characteristics. 

All done first here on Omni. 

[dacoinminster]

Correct me if I am wrong, but the new issue value is $62 million.  That makes it the most valuable token ahead of Maidsafe.  Just because it is 'debt' rather than 'equity' doesn't reduce the net value of the asset. 

We now have:
BFX - $62M
Maidsafe - $42M
Synereo  - $20.5M
Tether - $7M
Agoras Tokens - $6M

Clearly, if you have a multimillion dollar debt or equity issue to be made, Omni is the platform that can handle it.

It does appear to be an interesting first to do a 'debt issue'.  Typically, debt is issued as bonds.  This lays groundwork for a special new kind of crypto-token having new performance characteristics. 

All done first here on Omni. 

Well, it seems clear that it will trade at some number less than face value, but it's definitely a big issuance.

[mishax1]

Price is up. Volume is over a quarter of a mil. Something IS going on as volume has been only a few hundred or a few thousand for well over a year.

Have you guys seen the market cap of tether over the past few months? It's really taking off. Also Maidsafe is doing really well. The assets on the Omni layer are huge and getting bigger all the time. Most recently, this: https://www.bitfinex.com/posts/129:

I don't have any inside information, but I think this is what happened:

1) Bitfinex realized they needed a token, and looked around to see what protocol would be best
2) Due to existing exchange infrastructure, it's really easy to add bitcoin-based tokens like Omni, and our system is already well-proven
3) Ethereum-based tokens, let's face it, are a little scary right now to the public, even though I'm sure they are safe if set up correctly
4) So it's either Omni or Counterparty. What would you choose? (I'm restraining myself heavily right now from talking about their history . . .)

4)  Since Bitfinex owns Tether (right?) which runs on Omni , it's easy to choose Omni as the token issuer