The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread

[mishax1]

Anyone know how long the Bittrex Omni wallet has been down?

Less than a few hours.

[Bagatell]

Anyone know how long the Bittrex Omni wallet has been down?

Less than a few hours.

It works! 

[TKeenan]

So volume just picked up last days and Omni just did -71% from 24h's high. I can't wrap my head at how so constantly (over)sold it is. This is truly unbelievable and restless.

Sorry you are not able to wrap your head around 'thinly traded markets'. 

Because volume is so low, the swings can be very large and sudden. 

It is like flipping a coin 3 times, all heads, and declaring for the rest of eternity a coin flip will produce heads.  Maybe the sample size is too small.  Flip 1000 times and your problem will be fixed. 

Omni is very thinly traded.  It didn't really go -71%.  That is sort of an artifact of the low volume.  This is not the Dow Jones you know.

[Thenoticer]

It seems tether is bouncing back to the peg. Can anyone explain why it deveated from the peg for a few days?

Was it just uncertainty amongst tether holders due to bitfinex causing some to sell at a loss?

[udecker]

It seems tether is bouncing back to the peg. Can anyone explain why it deveated from the peg for a few days?

Was it just uncertainty amongst tether holders due to bitfinex causing some to sell at a loss?

I reached out to coinmarketcap about this - it’s the way they do their averaging of amounts.  The peg stayed constant at $1.00 but the price being paid for BTC (and other currencies) at Poloniex were higher than the average price on other exchanges.  Also, since C-CEX has the pair set as USD₮/BTC (instead of BTC/USDT with the dollar being the base currency), it also screws up the average.

Craig

[crotchsausage]

Hi Craig

What you think is Omni's pros and cons versus Counterparty? I don't now mean that Omni have Tether and and Maidsafe and Counterparty have Storj and Spells of Genesis. Can you please list 5 pros and 5 cons like you think it?

[udecker]

Hi Craig

What you think is Omni's pros and cons versus Counterparty? I don't now mean that Omni have Tether and and Maidsafe and Counterparty have Storj and Spells of Genesis. Can you please list 5 pros and 5 cons like you think it?

I don’t like to make comparisons between platforms, as each has particular uses that meet user use cases differently.  The things I believe are strengths of Omni are the robust implementation in C++ (as an extension of Bitcoin Core), which provides extremely fast block parsing and ease of integration with exchanges, wallets etc, some of the automated decentralized functionality such as the decentralized crowdsale capability (dynamic, automated creation of new tokens on receipt of purchasing token as a function of the blockchain protocol), and the strength of asset / object issuance and the ease of adding capabilities to the protocol.

Craig

[TKeenan]

strengths of Omni are the robust implementation in C++
Craig

are the implementations of Counterparty not robust?  not C++? (what then?). 

This is a pretty good chance to lay it out there why Omni / Counterparty will succeed the future.  I'd like to hear more. 

[synechist]

strengths of Omni are the robust implementation in C++
Craig

are the implementations of Counterparty not robust?  not C++? (what then?). 

This is a pretty good chance to lay it out there why Omni / Counterparty will succeed the future.  I'd like to hear more. 

I've heard numerous times from several sources that Counterparty is rather buggy.
Haven't used it myself though.

[mamamae]

dead thread ?

[crotchsausage]

4) So it's either Omni or Counterparty. What would you choose? (I'm restraining myself heavily right now from talking about their history . . .)

We like to hear about history. Tell please.  Can yoi tell small few words story about every Omni and Counterparty guys? How it all really go after it when dacoinminster fucked up all his own community and couple years later blame still Counterparty of everythink? Did they make for you something in early days or where this all angry coming? 

[mamamae]

wait there is an omnicoin thread ?

[mishax1]

lol

http://mastercoinfoundation.org/

[mishax1]

Haven't seen a crowdfund on Omni for a while now..  any efforts made on that matter ?

Are there any plans to create a light client of Omni Core for asset trading or expand Omniwallet  ?

Whats the news on the fees for Omni holders from the DEX ?

[mishax1]

I find these new Dex double markets very confusing -
https://i.imgur.com/MjUEJJo.png
https://i.imgur.com/Ty1vRdx.png

[Geenstijl]

Another weekly development update. OMNI is currently trading over $ 200.000.000 in digital assets.

https://blog.omni.foundation/2017/05/10/state-of-the-layer-all-hands-may-09-2017/?preview_id=3403&preview_nonce=301c5d3449

[mishax1]

Someone needs to rebuild the web wallet UI including redesigning the dex exchange and history... how can you even understand whats going on the dex and the history of your txs/trades?

[Geenstijl]

New weekly development update for OMNI.

https://blog.omni.foundation/2017/05/19/state-of-the-layer-all-hands-may-16-2017/

Craig
- Will be in NY next week for Consensus / TokenSummit
- Will be in Israel the following two weeks for d10e, meeting with potential sponsors & partners

Discussion takes place on the reddit forum.

https://www.reddit.com/r/omni/

[mishax1]

New weekly development update for OMNI.

https://blog.omni.foundation/2017/05/19/state-of-the-layer-all-hands-may-16-2017/

Craig
- Will be in NY next week for Consensus / TokenSummit
- Will be in Israel the following two weeks for d10e, meeting with potential sponsors & partners

Discussion takes place on the reddit forum.

https://www.reddit.com/r/omni/

Better talk to JR Willett for sponsoring, I heard he did a pretty huge exit on the back of his investors.
BTW, how's his daughter?

[Geenstijl]

New weekly development update for OMNI.

https://blog.omni.foundation/2017/05/19/state-of-the-layer-all-hands-may-16-2017/

Craig
- Will be in NY next week for Consensus / TokenSummit
- Will be in Israel the following two weeks for d10e, meeting with potential sponsors & partners

Discussion takes place on the reddit forum.

https://www.reddit.com/r/omni/

Better talk to JR Willett for sponsoring, I heard he did a pretty huge exit on the back of his investors.
BTW, how's his daughter?

I am pretty sure the exit is peanuts compared to the multi billion exit that Jed McCaleb made at Ripple....