The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread

[crypto era]

I think investing in companies building on top of MSC is a far more productive way to reduce my % of MSC held than burning it. It attracts people to our ecosystem, which is good for everyone holding MSC.

True. If the liquidity goes up it will be a better plan. Can I get a clarification on if you need Mastercoin to trade smart property for smart property or if it's specific like ones that associated to fiat like usdcoin. If it's for all that is a gamble on it could drive the price up for Mastercoin or it will drive people away because like I said earlier an extra step could really subconsciously drive people away.

[ejinte]

genercoin isn't getting much. only 1BTC raised so far.
https://blockchain.info/address/1EywQx35iGzikXzMsjkVYZYu2iauF24iv5

[Bitoy]

genercoin isn't getting much. only 1BTC raised so far.
https://blockchain.info/address/1EywQx35iGzikXzMsjkVYZYu2iauF24iv5

Interesting,  they didn't use the crowdsale.   (They are manually processing)

http://www.genercoin.io/live.html

[bitwhizz]

Hey,
I would like to know more info about the burning idea

if JR owns 30 percent of coins, and intends to keep most of them ,theoretically, in the future, JR could be owning over 75 % of total coins as all other mastercoins (not belonged by him,are burned), i would like to know how JR plans on stopping this from happening
will JR be burning his coins

[dacoinminster]

Hey,
I would like to know more info about the burning idea

if JR owns 30 percent of coins, and intends to keep most of them ,theoretically, in the future, JR could be owning over 75 % of total coins as all other mastercoins (not belonged by him,are burned), i would like to know how JR plans on stopping this from happening
will JR be burning his coins

My plan is to invest them in the Master Ecosystem as it grows far faster than coins are burned. You remember my blog post about this, right? http://blog.mastercoin.org/2014/01/24/j-r-coming-full-time/

[RawDog]

"10s of Millions of dollars in new Mastercoin fundraisers"  lol.  

MaidSafe raised $6million in 5 hours when people believed in MasterProtocol.   

API Network raised 27 bitcoin - about $13,000 in the first 5 hours of their fundraising event. 
XAP https://blockchain.info/address/12Stz3hoF1sY9J12GyMhsAGBa16vWrmufG

I guess people aren't interested in going for this kind of scam a second time?  Maybe they'd rather get fucked by their wives rather than MasterProtocol this time?

[fordlincoln]

"10s of Millions of dollars in new Mastercoin fundraisers"  lol.  

MaidSafe raised $6million in 5 hours when people believed in MasterProtocol.   

API Network raised 27 bitcoin - about $13,000 in the first 5 hours of their fundraising event. 
XAP https://blockchain.info/address/12Stz3hoF1sY9J12GyMhsAGBa16vWrmufG

I guess people aren't interested in going for this kind of scam a second time?  Maybe they'd rather get fucked by their wives rather than MasterProtocol this time?

Bear in mind that the API Network launch did not accept Mastercoin as part of the crowdsale, your comment is not accurate.

[hmmmstrange]

Api Network is trying to raise 4692 btc in 30 days. It's been 33 hours since start of ipo and they have raised only 35 btc. Something's got to change because they are on pace to only raise 763 btc(16.3% of their goal). That is, if they can keep up the initial excitement for the whole month.

[MadGhost]

Api Network is trying to raise 4692 btc in 30 days. It's been 33 hours since start of ipo and they have raised only 35 btc. Something's got to change because they are on pace to only raise 763 btc(16.3% of their goal). That is, if they can keep up the initial excitement for the whole month.

the protocol will increase day by day and it is already doing great than the Maidsafe,while the fundraiser is going on.

[hmmmstrange]

Api Network is trying to raise 4692 btc in 30 days. It's been 33 hours since start of ipo and they have raised only 35 btc. Something's got to change because they are on pace to only raise 763 btc(16.3% of their goal). That is, if they can keep up the initial excitement for the whole month.

the protocol will increase day by day and it is already doing great than the Maidsafe,while the fundraiser is going on.

I was wrong, their goal is not 4692 btc, it is 8192 btc. Wow, they are on pace of only 9.3% of their goal. Mastercoin really doesn't need a failed IPO right now.

[RawDog]

I was wrong, their goal is not 4692 btc, it is 8192 btc. Wow, they are on pace of only 9.3% of their goal. Mastercoin really doesn't need a failed IPO right now.

I think NXT is better.

[StarenseN]

I think NXT is better.

Aaaaaah there we go.

[ejinte]

I was wrong, their goal is not 4692 btc, it is 8192 btc. Wow, they are on pace of only 9.3% of their goal. Mastercoin really doesn't need a failed IPO right now.

After getting fucked on Mastercoin IPOs in the past (MaidSafe), people don't want to participate in scams that use Mastercoin as a fundraising platform.  Too risky.

The guys doing the fundraiser might just change the rules and declare 'it was the only fair thing to do' and then people will lose a shitload of money - yet again.  Ain't nobody got time for that.

People don't trust MasterCoin any longer.  Why would they?  I sure the fuck don't.  I don't want to suffer another huge loss due to last minute changes in the rules.  The whole thing is a fucking scam.  Mastercoin whales like brock pierce get to make tons of money by tricking guys like Irvine into these scammy rules.  

I think NXT is better.

Seems like the only way to get funds to  fundraising is to accept mastercoins so people can dump their coins. Got about 100 of my mastercoins into Maidsafe instead, and I'm pretty happy about that, at least right now.

[xirou1992]

Api Network is trying to raise 4692 btc in 30 days. It's been 33 hours since start of ipo and they have raised only 35 btc. Something's got to change because they are on pace to only raise 763 btc(16.3% of their goal). That is, if they can keep up the initial excitement for the whole month.

the protocol will increase day by day and it is already doing great than the Maidsafe,while the fundraiser is going on.

I have plenty.
push! the coin should spread & let more people join.

[hmmmstrange]

JR, you recently announced you would be using your msc to support ipo's on the mastercoin protocol. Since Api Network is not accepting msc, does that mean you will not be supporting them? Or are you going to sell some of your msc so you an buy some api coins?

[RawDog]

JR, you recently announced you would be using your msc to support ipo's on the mastercoin protocol. Since Api Network is not accepting msc, does that mean you will not be supporting them? Or are you going to sell some of your msc so you an buy some api coins?

It appears the API Network fundraising is a raging failure: https://blockchain.info/address/12Stz3hoF1sY9J12GyMhsAGBa16vWrmufG  

I am afraid even JR can't fix this disaster.  Nobody will trust Mastercoin again.  Masterprotocol will simply change the rules during the fundraising and shift tons of value from one group to another group (Mastercoin whales).  Why would anyone want to participate in a Mastercoin fundraiser?  Fool me once, shame on you...  

Now that API Network only raised 35/4000+ BTC, what will they do with those funds?  Surely they can't continue their plan on that meager amount.  Will they refund?  

Mastercoin is a meltdown.

[hmmmstrange]

JR, you recently announced you would be using your msc to support ipo's on the mastercoin protocol. Since Api Network is not accepting msc, does that mean you will not be supporting them? Or are you going to sell some of your msc so you an buy some api coins?

It appears the API Network fundraising is a raging failure: https://blockchain.info/address/12Stz3hoF1sY9J12GyMhsAGBa16vWrmufG  

I am afraid even JR can't fix this disaster.  Nobody will trust Mastercoin again.  Masterprotocol will simply change the rules during the fundraising and shift tons of value from one group to another group (Mastercoin whales).  Why would anyone want to participate in a Mastercoin fundraiser?  Fool me once, shame on you...  

Now that API Network only raised 35/4000+ 35/8192 BTC, what will they do with those funds?  Surely they can't continue their plan on that meager amount.  Will they refund?  

Mastercoin is a meltdown.

FIFY

[mishax1]

You both sound like a broken record.  No need to repeat yourself 20 times.

Maybe when you'll have something new to say then you can point that out for us, ok ? 

Many thanks 

[hmmmstrange]

You both sound like a broken record.  No need to repeat yourself 20 times.

Maybe when you'll have something new to say then you can point that out for us, ok ? 

Many thanks 

api network has raised a whopping 1.1 btc in the last 24 hours. That is how much the mastercoin foundation goes through in 3 hours.

Poor marketing by david or curtis? Bad idea? Maybe, just maybe, mastercoin's reputation is tarnishing the crowdsales on the network?

Curtis, if you are listening, you may want to move the crowdsale to another network. You can't get much worse then this.

[RawDog]

Poor marketing by david or curtis? Bad idea? Maybe, just maybe, mastercoin's reputation is tarnishing the crowdsales on the network?

I'd love to invest in this one.  It is an awesome idea.  The only trouble is, once I give my $50,000 they will simple change the rules so Brock Pierce and other MSC whales can put another huge chuck of money in thier pockets.  Why should I lose another $50,000 because MasterProtocol thinks it is OK to change the rules in the middle of the deal?  No thanks. 

If you think the API Network failure has anything at all to do with the quality of the project - you'd be wrong.  It has everything to do with a fundraising platform that can be manipulated to take money from one group and give it to another group - 'in the name of fairness' according to David Irvine.  Fucker. 

I seriously doubt ANY project will ever successfully fund on MasterProtocol again.