The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread

[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?

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

hmm fair enough. Is that the only reason?

But the Mastercoin slide seems particularly drastic, and its only an new coin. Dark coin rose a lot so not all coins falling.

[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.

hmm fair enough. Is that the only reason?

But the Mastercoin slide seems particularly drastic, and its only an new coin. Dark coin rose a lot so not all coins falling.

it also depends on how much exposure this coin has it the limited people know this coin then the chances the value will also be lower.

[genecyber]

Introduction to yours truly and AmA:
http://blog.mastercoin.org/2014/08/08/shannon-developer-evangelist-ask-me-anything/

[udecker]

Introduction to yours truly and AmA:
http://blog.mastercoin.org/2014/08/08/shannon-developer-evangelist-ask-me-anything/

The story about your name is awesome!

[genecyber]

Introduction to yours truly and AmA:
http://blog.mastercoin.org/2014/08/08/shannon-developer-evangelist-ask-me-anything/

The story about your name is awesome!

Thanks, we try and have fun. The only time it was a problem was at the emergency room... apparently when an unknown patient comes in with no ID they use the special keyword CODE at the end of their name so Mary CODE specifies an unknown.... turns out we were at the ER for an extra 2 hours while they worked around it. The workaround threw off testing red flags. They added an extra space... so no trimming was going on either

[jeroenn13]

Hi everyone,
I am looking for Mastercoins (Big sellers only)
If you are interested in selling please contact me here (Through PM) or Reddit.

Please only serious sellers.

Thank you.

[TKeenan]

Five days - no posts in this forum.  I guess the management wants to let MSC community drift away for good.  Weird.

[genecyber]

Mastercoin Activity Roundup:

http://blog.mastercoin.org/2014/08/13/sam-yilmaz-board-member-at-the-msc-foundation-ama/
  http://www.reddit.com/r/mastercoin/comments/2dg3ch/sam_yilmaz_board_member_at_the_msc_foundation_ama/

http://blog.mastercoin.org/2014/08/12/an-ama-with-adam-omniwallet-development-lead-and-mastercoin-infrastructure-admin/
  http://www.reddit.com/r/mastercoin/comments/2dbxuk/an_ama_with_adam_omniwallet_development_lead_and/

http://blog.mastercoin.org/2014/08/11/1023/
  http://www.reddit.com/r/mastercoin/comments/2d7td9/hello_masterminds_i_would_like_you_to_join_me_on/

http://blog.mastercoin.org/2014/08/08/shannon-developer-evangelist-ask-me-anything/
  http://www.reddit.com/r/mastercoin/comments/2czi3n/shannon_developer_evangelist_ask_me_anything/

http://blog.mastercoin.org/2014/08/07/craig-mastercoin-foundation-cto-ama/
  http://www.reddit.com/r/mastercoin/comments/2cw4ty/craig_mastercoin_foundation_cto_ama/

http://blog.mastercoin.org/2014/08/06/opening-up-communication-and-amas-starting-today/
  http://www.reddit.com/r/mastercoin/comments/2csmj4/opening_up_communication_and_the_first_ama/

Omniwallet Milestone 15
http://blog.mastercoin.org/2014/08/11/omniwallet-milestone-v0-15/

[genecyber]

New Blog post:
MSC Open Communications Update – Next Steps
http://blog.mastercoin.org/2014/08/14/msc-open-communications-update-next-steps/

[mishax1]

When should we see MSC on some new exchanges ?

[jeroenn13]

When should we see MSC on some new exchanges ?

I think it will take a long time.
All these exchanges have a "Voting" system where you can vote for the next listed coin. We have tried to get on any exchange with voting but never worked out because the MSC community is small and other coins get more votes. Anyone should donate to get lots of votes on any exchange or we will not be listed. Poliniex listed MSC for 15000$ bounty

[mishax1]

When should we see MSC on some new exchanges ?

I think it will take a long time.
All these exchanges have a "Voting" system where you can vote for the next listed coin. We have tried to get on any exchange with voting but never worked out because the MSC community is small and other coins get more votes. Anyone should donate to get lots of votes on any exchange or we will not be listed. Poliniex listed MSC for 15000$ bounty

Shit.

[solex]

Mastercoin does not need more exchanges as much as it needs blockchain 2.0 applications which can pilot at innovative businesses. Once people can see the potential of this tech in real-world implementations - then exchanges will be competing to list MSC.

The road-map doc is a big step in the right direction.

[RawDog]

Mastercoin does not need more exchanges as much as it needs blockchain 2.0 applications which can pilot at innovative businesses. Once people can see the potential of this tech in real-world implementations - then exchanges will be competing to list MSC.

The road-map doc is a big step in the right direction.

Jesus Christ - at least one guy gets it.  

Who cares about day traders and the price?  I hope the price goes to ZERO!  The price going down doesn't devalue the funds (mostly BTC) held by the foundation.  The foundation only needs to spend those funds on building a fantastic application.  $15,000 spent for Polinex?  wtf?  This brings no value to shareholders.  Polinex listing, a terribly ineffective attempt at increasing liquidity was a waste of money.  Let the day traders go to Dogecoin.  Go build some kick-ass 2.0 application and stop worrying about the price. The trading volume is so thin, the price means nothing.  Real holders of MSC are waiting for a nice application to come.  They don't buy/sell in a market guessing attempt to gain a profit.  

MSC PRICE DOESN'T MATTER.  

Can we find a way to unplug MasterXChange?  This would help tremendously.

[genecyber]

Ask me anything:
http://www.reddit.com/r/mastercoin/comments/2dw0fd/shannon_code_ama_8182014/

[bitwhizz]

I have to disagree, the value of MSC does matter

The foundation have alot of MSC, if MSC is valuable, the foundation can use mastercoin as purchasing power, in which ever way neccesary

unvaluable mastercoin, means no purchasing power, and all the foundation can rely on is the bitcoins held (which is depreciating)

If MSC is valuable, the foundation simply has more purchasing power to improve the system

[buybtc.cz]

The price does matter a little bit but not as much as one would think. I agree it is more important now to build powerful applications that use the stack and worry about the price later. We can see also with bit coin that the price even though it's falling is a result of people using more bit coin rather than a lack of believe long-term value should stabilize and continue to grow just like Master: if we can find a relevant application

[genecyber]

Exciting news: MerchantCoin Partners with Mastercoin
http://blog.mastercoin.org/2014/08/18/merchantcoin-partners-with-mastercoin/

[hmmmstrange]

Mastercoin does not need more exchanges as much as it needs blockchain 2.0 applications which can pilot at innovative businesses. Once people can see the potential of this tech in real-world implementations - then exchanges will be competing to list MSC.

The road-map doc is a big step in the right direction.

Unfortunately with sub $500 btc prices, and the current burn rate of funds, the foundation does not have enough funds to complete the latter goals in the road map.

[Nagan]

As for celebrating a Bortday the Mastercoin, I expect more words from the Foundation. Who cares about the number of FB members.

Now some irrational emotion driven rants from an early investor (and PoW of a dumb user), if anyone cares:

1. Price is down.

2. Price is down like hell, closing pre-IPO. That hurts.

3. Price is down. I'm checking the blog: some nice activity and anouncements of Mastercore and Omniwallet for the first of August. Good, price creeps up just a tiny bit.

4. First of Aug. No announcement, really?

5. Second of Aug. Price is down, like pre-IPO. Of course, what do you expect. People start to ask, finally mastercore 0.0.6 (seems a bit of a way to go up, like two more years to reach 0.7?) But I'm just a dumb user, who knows what these developers are thinking). But wait, no Windows version? Really? The anouncement means nothing to me. Price is down.

6. Oh, Ron signs off. Good. Started to hate this guy. Nothing personal, it's just money lost. And lots of it. So I cannot force myself to believe he did something good for the Mastercoin, even if he tried - price is still down. Creeps up a bit after Rons resignation though.

7. Omniwallet looks quite good, changelog is moving up every day. But wait, it works only on Chrome, and I don't use it. Probably my fault, who knows those developers... And what does the "next milestone 0.16" mean anyway? Is it going to be usable finally? Can I finally tell my friend, a stock daytrader, who lost a fortune with MtGox, that he can finally store some mastercoins on his PC? Maybe he would buy some. Not yet?

8. Price is down. I check the Mastercoin dev forums. It used to be more activity a few months ago. Where is J.R. anyway? I hope his baby is alright. Besides that, should I also start to hate this guy too? He sold bunch of MSC in what seems to be a hurry, to get a full-time on the project. And to me the "full-time" somehow means some community noticeable activity every few days. Especially, especially, when things are down. An anouncement of "buying the MSC back", doesn't look that good with all this history, ask your marketing consultant. Some words on Mastercoin birthday would be nice. J.R, you were a pioneer starting all this 2.0 a year ago, push it up, people may like that.

9. I still check the bitcointalk Mastercoin thread mostly. To me, besides the trolls and a couple of dumbasses, it's the best health indicator on the project. And now I can't get rid of a feeling Foundation only starts to answer only when people ask for updates. Last month was so quiet everywhere. Is it because of summer?

10. Price is down. This is important. Because there are alternatives. And that's why the price is down. Admit that and contemplate on it. It was the soviets, who used to deny all the nasty things.

11. Besides all that, I still believe in the project. Could be because I like the people who started it. I even buy the optimism of the Foundation, though I sometimes hate these half-assed cheerful blog announcements.