The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread

[ElDido]

I don't recall you going on to ElDido's exchange and advertising your private sell back then.

I see what you mean! I don't recall if I did that then or not (was there even a trollbox then?). I generally post things of interest everywhere I know people are interested in MSC, but I agree that I probably shouldn't have mentioned my private offer in the exchange chatroom - bad form.

Sorry ElDido!

Apology accepted
I wasn't aware it was you talking about it on the chatbox actually

But the point I wanted to discuss is that I believe the effect you will have on the market by doing this transaction(s) will be relatively the same if you do it OTC or on masterXchange.
By announcing your intention to buy big at a determined price, other traders will not sell for less anywhere. If you place a big buy order at the same price on masterXchange, you will have the same effect, plus allowing smaller sellers to fill your order.
But it will cost you more time and energy to do it OTC

[dacoinminster]

I don't recall you going on to ElDido's exchange and advertising your private sell back then.

I see what you mean! I don't recall if I did that then or not (was there even a trollbox then?). I generally post things of interest everywhere I know people are interested in MSC, but I agree that I probably shouldn't have mentioned my private offer in the exchange chatroom - bad form.

Sorry ElDido!

Apology accepted
I wasn't aware it was you talking about it on the chatbox actually

But the point I wanted to discuss is that I believe the effect you will have on the market by doing this transaction(s) will be relatively the same if you do it OTC or on masterXchange.
By announcing your intention to buy big at a determined price, other traders will not sell for less anywhere. If you place a big buy order at the same price on masterXchange, you will have the same effect, plus allowing smaller sellers to fill your order.
But it will cost you more time and energy to do it OTC

Yeah, I did experience some slippage back in February when I did this in the other direction, but it was a huge order, so some slippage is expected. From the PMs I'm getting, it's looking like I'm not going to get filled anywhere near spot prices right now, so maybe I will have to spread it out on MasterXChange and the dEX, or maybe I just need to wait longer. However, I'll be kicking myself though if this is the bottom and I don't get some!

Speaking of the dEX, I'm disappointed there's not more available for purchase on the distributed exchange, which is of course my preferred option. Somebody want to put a big chunk for sale on there for me?

My query is only a few hours old, so probably a lot of potential sellers haven't even seen it yet.

I'm going offline until tomorrow. You guys bombard me with attractive offers via PMs, and I'll get back to you tomorrow, ok?

[ejinte]

So Ron is officially gone. https://blog.mastercoin.org/

Will be interesting to see if anyone will sell to JR

[bitwhizz]

Hmmm,

This is interesting

Either JR knows something , or he is trying to psych out the market into an uptrend

[DGulari]

Hmmm,

This is interesting

Either JR knows something , or he is trying to psych out the market into an uptrend

He has a lot of coins.  He has more to gain by an uptrend than anyone else.

[JPage]

Hmmm,

This is interesting

Either JR knows something , or he is trying to psych out the market into an uptrend

He has a lot of coins.  He has more to gain by an uptrend than anyone else.

Maybe that is his wall on MasterXChange ; just trying to stop the crash.  3000 MSC seems to have stopped further price decline.  I wonder if it can hold.

[dacoinminster]

Hmmm,

This is interesting

Either JR knows something , or he is trying to psych out the market into an uptrend

He has a lot of coins.  He has more to gain by an uptrend than anyone else.

Having all my original MSC back is a VERY appealing psychological milestone for me

I'm not getting any love at 0.0075. Please, if you don't like my price, send me your best offer! I have a couple offers so far, but they are WAY higher!

As I mentioned yesterday, I may just try doing this slowly. I was just hoping to get it done in one fell swoop if there was a big seller waiting for an opportunity . . .

It also occurs to me that I shouldn't hijack our official thread for my own personal marketplace

I'll try to keep it to the reddit post henceforth. Feel free to chat with me there: http://www.reddit.com/r/mastercoin/comments/2cmc8t/anybody_selling_a_big_chunk_of_msc/

[Chang Hum]

Why don't you ask David Irvine you fucking twat?!

Hmmm,

This is interesting

Either JR knows something , or he is trying to psych out the market into an uptrend

He has a lot of coins.  He has more to gain by an uptrend than anyone else.

Having all my original MSC back is a VERY appealing psychological milestone for me

I'm not getting any love at 0.0075. Please, if you don't like my price, send me your best offer! I have a couple offers so far, but they are WAY higher!

As I mentioned yesterday, I may just try doing this slowly. I was just hoping to get it done in one fell swoop if there was a big seller waiting for an opportunity . . .

It also occurs to me that I shouldn't hijack our official thread for my own personal marketplace

I'll try to keep it to the reddit post henceforth. Feel free to chat with me there: http://www.reddit.com/r/mastercoin/comments/2cmc8t/anybody_selling_a_big_chunk_of_msc/

[TraderTimm]

There's a certain irony in one of the founders of MSC being a buyer of last resort.

Imagine if that was the scenario with BTC, satoshi asking to buy unwanted Bitcoins.

Nice morale booster, that.

[hmmmstrange]

JR, Can the mastercoin foundation add a bylaw banning any board member from publicly announcing any intention to buy or sell mastercoins? I don't think imprisonment or death is in order but they should be removed form the board immediately.

[stereotype]

I don't think imprisonment or death is in order but....

Cryptostration?

[solex]

JR, is there any imminent application for Mastercore (which is not just another user-defined currency)?  Something significant like the proposal that Overstock shares be traded via XCP.

[genecyber]

JR, is there any imminent application for Mastercore (which is not just another user-defined currency)?  Something significant like the proposal that Overstock shares be traded via XCP.

*The imminent application to be built on top of the Mastercoin Protocol is the one that you write. My goal is to make interacting with the protocol easy. I think that an inventor should never impeded by his tools.

[udecker]

JR, is there any imminent application for Mastercore (which is not just another user-defined currency)?  Something significant like the proposal that Overstock shares be traded via XCP.

*The imminent application to be built on top of the Mastercoin Protocol is the one that you write. My goal is to make interacting with the protocol easy. I think that an inventor should never impeded by his tools.

+1

Masterminds invited to contribute.

[djohnston]

Dear Masterminds,

I want to wipe the slate clean here and reset the priorities of the Foundation.

I've set forward an open road map in Google Docs, please offer your input.

http://blog.mastercoin.org/2014/08/05/intro-to-david-johnston-resetting-the-foundations-priorities/

Link to discussion on Reddit and MSC Forums.

http://www.reddit.com/r/mastercoin/comments/2cow6s/resetting_the_msc_foundations_priorities_give/

http://mastercointalk.org/index.php?topic=796.0

Let the great discussion begin.

Thanks : )

David A. Johnston
Chairman of the MSC Foundation
David@Mastercoin.org

[djohnston]

Masterminds,

Just updated the blog with my plan to open up communications in the MSC community.

http://blog.mastercoin.org/2014/08/06/opening-up-communication-and-amas-starting-today/

Also I'll be hosting an AMA all day on the MSC sub Reddit.

http://www.reddit.com/r/mastercoin/comments/2csmj4/opening_up_communication_and_the_first_ama/

I look forward to your questions : )

Best Regards,

David A. Johnston
Chairman of the Mastercoin Foundation
David@Mastercoin.org

[genecyber]

For example When I build out a wallet I'll take a look at:
https://github.com/mastercoin-MSC/mastercore/blob/michael-0921/doc/apidocumentation.md#broadcasting-a-simple-send-transaction
https://github.com/mastercoin-MSC/mastercore/blob/michael-0921/doc/apidocumentation.md#obtaining-a-master-protocol-balance
https://github.com/mastercoin-MSC/mastercore/blob/michael-0921/doc/apidocumentation.md#retrieving-a-master-protocol-transaction
--Stay Tuned--

First of many:
Simple Node application to illustrate how to interface with Mastercore using RPC: http://mastercoin.io/mastercore-integration-nodejs/
Feel free to post questions here, or hit me up directly in any of the communication mediums (irc,twitter, reddit, bitcointalk, skype)

[danielW]

Hey firstly sorry but Im a noob when it comes to Mastercoin.

I noticed that the price has fallen pretty heavily this year. How come is there any explanation or reason?

[MadGhost]

Hey firstly sorry but Im a noob when it comes to Mastercoin.

I noticed that the price has fallen pretty heavily this year. How come is there any explanation or reason?

every coin price is falling these days when btc will rise it will also rise.

[Chang Hum]

Hey firstly sorry but Im a noob when it comes to Mastercoin.

I noticed that the price has fallen pretty heavily this year. How come is there any explanation or reason?

It's due to the disgusting and disgraceful way they tried to monetize the maidsafe crowdsale I think it's fallen so quickly. Unfortunately for holders though the  alternative to monetizing it is admitting it's another pointless alt that's going to die slowly anyway.