The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread

[nonlinearboy]

what's the hell of the MSC price ?
anyone give idea about this???

[aeternum.in]

You know JR, as much as I've always been supportive of your holdings (I'm crazy_rabbit), maybe it's a good time to rethink that. Selling some portion on the open market, especially at such low prices, could give MSC a re-injection in terms of community support. At this point it just simply seems too lopsided. If you believe in MSC as much as I know you do- and MSC is destined for the levels of success you expect, then to be honest- one simply doesn't need 30 percent of all the coins to become fantastically rich. Although it certainly must sound harsh, and perhaps like a judgement of you personally (Which is isn't meant like that at all!) when you gave the analogy of loss of faith in Bitcoin in 2011, I think the better analogy would be a loss of faith in the development team- not the technology. I've certainly been waiting with baited breath for awhile now, but, well, I too am disappointed.  And I think regardless of how "thin" the market is-, the market is disappointed as well.

[Olimpiata]

Please also note that in regards to being greedy, I can only speak for myself :-P

Perhaps your greed is getting in the way of the protocols success

[vokain]

Please also note that in regards to being greedy, I can only speak for myself :-P

Perhaps your greed is getting in the way of the protocols success

ie, Proverbs 1:32

[romerun]

Wow this is great price. Although I'm not so impressed on the direction of msc so far. There are still a real big pile of coins to fund the development. Nobody really put millions on Nxt, drk or dog.

[ejinte]

Wow this is great price. Although I'm not so impressed on the direction of msc so far. There are still a real big pile of coins to fund the development. Nobody really put millions on Nxt, drk or dog.

Well we all knew what we bought when we bought mastercoins. My average buy in price is 0.17. Thanfully I've bought some maidsafecoins to spread my risks. Hopefully at least one of this two projects will succed.. Right now I think Maidsafe looks better. However I don't think Mastercoins is dead. It's just lots of people who wants to be in BTC right now when the price is moving up. Usually alt-coins rise when bitcoin is on the top off a bubble, and seems to be lowest when we start to go up.-

[DGulari]

disappointed on you and MSC team!

No you are not.  You are disappointed with the performance of the market.  You didn't make your 50X on investment and now you want to blame JR.  JR isn't responsible for 'pumping' markets.  JR is responsible for building a protocol and they continue to work on providing a good system.  Now that there is so much 'sell pressure' - you somehow thing JR is not doing his job.  That is bullshit.  Mastercoin isn't a pump and dump scheme.  It actually has to be built.  Panic is for Dogecoin.  Go there.

[littleblue]

disappointed on you and MSC team!

No you are not.  You are disappointed with the performance of the market.  You didn't make your 50X on investment and now you want to blame JR.  JR isn't responsible for 'pumping' markets.  JR is responsible for building a protocol and they continue to work on providing a good system.  Now that there is so much 'sell pressure' - you somehow thing JR is not doing his job.  That is bullshit.  Mastercoin isn't a pump and dump scheme.  It actually has to be built.  Panic is for Dogecoin.  Go there.

BUllSHit !

[crypto era]

disappointed on you and MSC team!

No you are not.  You are disappointed with the performance of the market.  You didn't make your 50X on investment and now you want to blame JR.  JR isn't responsible for 'pumping' markets.  JR is responsible for building a protocol and they continue to work on providing a good system.  Now that there is so much 'sell pressure' - you somehow thing JR is not doing his job.  That is bullshit.  Mastercoin isn't a pump and dump scheme.  It actually has to be built.  Panic is for Dogecoin.  Go there.

well said.

That's not really well said. There not saying it's a pump and dump scheme. He didn't say anything about JR. There disappointed with the management of this project. How a much newer coin produced much more than mastercoin and is widening that gap. With the amount of money that was thrown at this project this project shouldn't be doing mass development. It should be tweaking the baseline of the protocol that isn't there yet. There wouldn't be such a panic if another protocol didn't basically show them up.

[johnybyo]

Last few months peoples have speak that mastercoin is really over priced. Now that have drop there (4-5x counterparty price) where that need to be ~2-3 month ago when counterparty was in same development level. Now counterparty is far away but still in low price so what is mastercoin "real price" if we look project, development and coin amount? $2-3?

And what about maidsafe project that give much hope for msc but we must be really sceptic about that. That company have really big plan what is not easy to complete.

[crypto era]

Last few months peoples have speak that mastercoin is really over priced. Now that have drop there (4-5x counterparty price) where that need to be ~2-3 month ago when counterparty was in same development level. Now counterparty is far away but still in low price so what is mastercoin "real price" if we look project, development and coin amount? $2-3?

And what about maidsafe project that give much hope for msc but we must be really sceptic about that. That company have really big plan what is not easy to complete.

When counterparty launched it had a distributed exchange with features months before mastercoin so msc and xcp has never been the same development wise. It was only command line so that hindered use. counterparty's price stays low because people who initially invested slam there coins into the sell wall. I don't see why maidsafe should affect how mastercoin does. Didn't they just release a token and will switch to there own coin. They only used mastercoin to do an initial investment which was a little bit of a fiasco. Time comes they won't be involved with mastercoin at the level they are now. Also if I just said anything wrong call me out on it. This is just my understanding and me pointing things out.

[dacoinminster]

http://blog.mastercoin.org/2014/06/03/upcoming-crowd-sales-worth-tens-of-millions-of-dollars/

UPCOMING CROWD-SALES WORTH TENS OF MILLIONS OF DOLLARS!

I am so SO excited to share with you our list of all crowd-sales we know of coming up.

I am proud to announce not one, not two, but NINE more crowd-sales planned for the next few months, all of which we expect to be HUGE – some on the order of the Maidsafe crowd-sale:

http://wiki.mastercoin.org/index.php/Upcoming_Crowdsales

The source of this list is David Johnston of BitAngels, and he of course has MORE crowd-sales in various stages of commitments to our protocol.

Folks, this is the benefit of having a major group of bitcoin angel investors backing your project and evangelizing it at conferences. The available VC money in our system attracts more projects!!

Our goal is to become the default choice for issuances of this sort, and as more issuers use our system, more issuers will WANT to use our system, because that is where the money and liquidity will be.

If you are planning a major crowd-sale using the Master Protocol, add your project to the wiki page above – this is the official list, and investors will be looking at it. Don’t get left out!

The best part is, all these new tokens will be tradeable against Mastercoin on our “meta” distributed exchange (look for a major announcement about the dEX soon!)

Most “bitcoin 2.0″ efforts have seen long-term price declines for awhile now, but IMHO the declines make no sense. We all know that one or more of these next gen efforts will eventually blast off through the stratosphere, and of course we intend to be that project!

If you are an investor interested in next-gen protocols, now is the time to choose your horse. Next-gen market caps have never been lower, and these are the technologies that will fulfill the “to the moon” potential of bitcoin (and of course Mastercoin expects to take bitcoin up with us).

See you on the moon, Master-minds!

[johnybyo]

Last few months peoples have speak that mastercoin is really over priced. Now that have drop there (4-5x counterparty price) where that need to be ~2-3 month ago when counterparty was in same development level. Now counterparty is far away but still in low price so what is mastercoin "real price" if we look project, development and coin amount? $2-3?

And what about maidsafe project that give much hope for msc but we must be really sceptic about that. That company have really big plan what is not easy to complete.

When counterparty launched it had a distributed exchange with features months before mastercoin so msc and xcp has never been the same development wise. It was only command line so that hindered use. counterparty's price stays low because people who initially invested slam there coins into the sell wall. I don't see why maidsafe should affect how mastercoin does. Didn't they just release a token and will switch to there own coin. They only used mastercoin to do an initial investment which was a little bit of a fiasco. Time comes they won't be involved with mastercoin at the level they are now. Also if I just said anything wrong call me out on it. This is just my understanding and me pointing things out.

Yes i think you are really right. Mastercoin is still really over priced and only small amount of all coins are available in markets..

[TraderTimm]

Maybe hold off on those JR-pumps, his pet project has been called out in Forbes as an illiquid disaster.

http://www.forbes.com/sites/kashmirhill/2014/06/03/mastercoin-maidsafe-crowdsale/

Great read, might prevent you from making a huge mistake by putting funds into this failure.

[hmmmstrange]

Wow this is great price. Although I'm not so impressed on the direction of msc so far. There are still a real big pile of coins to fund the development. Nobody really put millions on Nxt, drk or dog.

Well we all knew what we bought when we bought mastercoins. My average buy in price is 0.17. Thanfully I've bought some maidsafecoins to spread my risks. Hopefully at least one of this two projects will succed.. Right now I think Maidsafe looks better. However I don't think Mastercoins is dead. It's just lots of people who wants to be in BTC right now when the price is moving up. Usually alt-coins rise when bitcoin is on the top off a bubble, and seems to be lowest when we start to go up.-

maidsafe is in a much better financial situation, having 3X the amount of funds as the mastercoin foundation. Maidsafe has multiple opportunities to raise more. Mastercoin foundation unfortunately can not raise any more funds. JR is counting on bitcoin's appreciation for continued funding.

edit: i made a huge mistake in this post, come on JR correct me, and point out another one of your failures

re-edit:it is not 3x it's 1.5x because mastercoin screwed over maidsafe for 3 million dollars. good news is maidsafe is only going through $100k per month where mastercoin foundation is going through $250k per month

[TraderTimm]

The Forbes article on the continuing MSC disaster leaked a bit of crucial information, namely that JR was involved in creating a bank in Second Life.

Reading some of the old Ginko copy, you can actually hear JR's style in the PR-Releases that were made for Ginko.

http://alphavilleherald.com/2007/08/ginko-financial-2.html

Anyway, what it means is that if he was involved (and it really fucking looks like it), then he's an established scammer. Big surprise, eh?

Looks like M2B was it, (since you can believe anything on the internet posted by the person in question) but what is even more alarming is how closely the copy matches his entreaties to get money for this scheme. "False Positive" on Ginko, but perhaps fitting the mold a bit too close for comfort?

And it didn't help things that M2B's sale to BNT ended up as a large scam-disaster too:

http://forums-archive.secondlife.com/327/88/245478/1.html

[dexX7]

The Forbes article mentions David Johnston in relation to SecondLife and it was M2B, not Ginko:

Chief Executive Officer
M2B
June 2006 – August 2007 (1 year 3 months) Columbia, Maryland

M2B was a firm originally founded to serve as a financial institution in the virtual world of Second Life. After Second Life changed policies in 2007 in order to remove all financial providers from the Second Life platform the company pivoted to instead provide real estate and virtual development services on the Second Life platform. The company was acquired by and merged in 2007 with B&T Holdings a programming and virtual real estate development company.

http://www.linkedin.com/in/davidajohnston

[Bitoy]

Somehow I can't view this page.
http://www.wiki.mastercoin.org/index.php/Upcoming_Crowdsales

Can someone post it here.  Thanks.

[hmmmstrange]

Somehow I can't view this page.
http://www.wiki.mastercoin.org/index.php/Upcoming_Crowdsales

Can someone post it here.  Thanks.

http://wiki.mastercoin.org/index.php/Upcoming_Crowdsales

[dexX7]

Somehow I can't view this page.
http://www.wiki.mastercoin.org/index.php/Upcoming_Crowdsales

Can someone post it here.  Thanks.

https://archive.today/KWn2i