invall
Newbie
 Offline
Activity: 47
Merit: 0
|
 |
July 16, 2014, 02:23:08 PM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
invall
Newbie
Offline
Activity: 47
Merit: 0
|
|
July 16, 2014, 02:39:45 PM |
|
Announcement
We're happy to announce a new program that we've been working on. We recognize that the community has become increasingly concerned with the price of MastCoin over the past several days, and we are taking action. We are working to actively seek to improve the price of MAST with direct intervention into the market.
The Plan
We have begun buying up MAST on the open market, and will be continuing to do so. Because MastCoin is now PoS-only, any buys on the markets will help increase both trade volume and increase the price of MAST. Increased volume and price will grow the community and bring awareness to the coin, which will further increase the price and benefit everyone.
PR & Giveaways
We have wanted to do more PR and giveaways to promote MAST, as we've had success with that in the past. Because we did not have an IPO/ICO and only a minimal premine, which has been mostly used, we haven't been able to fund new giveaway programs recently.
A large portion of coins that we buy will be used to build a reserve of MastCoin for upcoming giveaways and promotional efforts. During launch week, we did a giveaway on Twitter which was extremely popular -- we'll be looking to repeat that success soon. Additionally, we will increase our giveaways via the IRC tip bot.
AltCoinToday also held a popular giveaway for us previously, and have offered to conduct more giveaways if we fund them.
After launch, we funded ThisWeeksCoin's promotion services from our team's own BTC accounts to help market and promote the coin, which proved to be successful and was part of the basis for the price rise to 0.0003. We're going to be looking into other similar promotion services again, as well as contacting PR agencies to pursue mainstream news media coverage.
Bounty Programs
As you've seen recently in this thread, we're working on generating ideas for both marketing and MastCoin ecosystem development projects. A portion of the coins will be used to provide the basis for funding bounties for these ideas. Once we have more concrete plans established, we'll also be creating a system to allow you to help donate to fund projects of your choosing.
Bonus Effect
Any coins that we buy now, at the currently undervalued prices, can be used in the future as if they were five, ten, or even hundreds of times the number of coins that we're buying! Giving away 10 MAST coins today for a bounty may seem unimpressive because of its relative BTC value; however, we hope to see the price rise significantly which will make every coin we buy today more valuable and useful for bounty rewards in the future.
It's really nice to see devs investing in their own coin, this definitely proves you believe in it and will not let it die. I think making giveaways and giving bounty should come right after the coin recycler release, not before, because even with a good marketing, if the coin doesn't have something really unique people will not be interested. i contacted vir6 in cloakcoin irc he told me of course he would give the 5k mast he got from the donation address for any giveaway or bounty... |
|
|
|
|
MastiffCoin (OP)
Member
Offline
Activity: 98
Merit: 10
|
|
July 16, 2014, 03:07:54 PM |
|
Announcement
We're happy to announce a new program that we've been working on. We recognize that the community has become increasingly concerned with the price of MastCoin over the past several days, and we are taking action. We are working to actively seek to improve the price of MAST with direct intervention into the market.
The Plan
We have begun buying up MAST on the open market, and will be continuing to do so. Because MastCoin is now PoS-only, any buys on the markets will help increase both trade volume and increase the price of MAST. Increased volume and price will grow the community and bring awareness to the coin, which will further increase the price and benefit everyone.
PR & Giveaways
We have wanted to do more PR and giveaways to promote MAST, as we've had success with that in the past. Because we did not have an IPO/ICO and only a minimal premine, which has been mostly used, we haven't been able to fund new giveaway programs recently.
A large portion of coins that we buy will be used to build a reserve of MastCoin for upcoming giveaways and promotional efforts. During launch week, we did a giveaway on Twitter which was extremely popular -- we'll be looking to repeat that success soon. Additionally, we will increase our giveaways via the IRC tip bot.
AltCoinToday also held a popular giveaway for us previously, and have offered to conduct more giveaways if we fund them.
After launch, we funded ThisWeeksCoin's promotion services from our team's own BTC accounts to help market and promote the coin, which proved to be successful and was part of the basis for the price rise to 0.0003. We're going to be looking into other similar promotion services again, as well as contacting PR agencies to pursue mainstream news media coverage.
Bounty Programs
As you've seen recently in this thread, we're working on generating ideas for both marketing and MastCoin ecosystem development projects. A portion of the coins will be used to provide the basis for funding bounties for these ideas. Once we have more concrete plans established, we'll also be creating a system to allow you to help donate to fund projects of your choosing.
Bonus Effect
Any coins that we buy now, at the currently undervalued prices, can be used in the future as if they were five, ten, or even hundreds of times the number of coins that we're buying! Giving away 10 MAST coins today for a bounty may seem unimpressive because of its relative BTC value; however, we hope to see the price rise significantly which will make every coin we buy today more valuable and useful for bounty rewards in the future.
It's really nice to see devs investing in their own coin, this definitely proves you believe in it and will not let it die. I think making giveaways and giving bounty should come right after the coin recycler release, not before, because even with a good marketing, if the coin doesn't have something really unique people will not be interested. i contacted vir6 in cloakcoin irc he told me of course he would give the 5k mast he got from the donation address for any giveaway or bounty... Our team has invested heavily in MastCoin from the beginning. All told, our team has put well over 20 BTC into mining, funding development and promotion, and buying MAST on the open market for our own investment. This is a separate program from our own existing investments, with the specific goals we've mentioned above. And yes, our plan is to work on a marketing push with giveaways to coincide with our large upcoming releases: MAST-MAST anonymous transactions, CoinRecycler GUI wallet, and more! |
|
|
|
|
raleit2014
Member
Offline
Activity: 84
Merit: 10
Crypto is the Future!
|
|
July 16, 2014, 04:02:56 PM |
|
I have received many requests to Rate MAST. please get word to the Dev to email me in forum mail. I will be rating this coin soon http://cryptoanalytics.trade/@CryptoAnalytic |
|
|
|
MastiffCoin (OP)
Member
Offline
Activity: 98
Merit: 10
|
|
July 16, 2014, 04:29:03 PM |
|
I have received many requests to Rate MAST. please get word to the Dev to email me in forum mail. I will be rating this coin soon http://cryptoanalytics.trade/@CryptoAnalytic We replied on Twitter and on Bitcointalk  |
|
|
|
|
jdebunt
Legendary
Offline
Activity: 1596
Merit: 1010
|
|
July 16, 2014, 04:53:26 PM |
|
|
|
|
|
|
MastiffCoin (OP)
Member
Offline
Activity: 98
Merit: 10
|
|
July 16, 2014, 06:01:05 PM |
|
Thanks as always for your continued interest and support of MAST with great articles, jdebunt. We just sent you 250 MAST as a small gesture of our appreciation. Transaction id: 76ec434c11a61b48d443d941f72bcf600688e9342a27b82b69bc05ec1c7970a4 |
|
|
|
|
|
seattletu
|
|
July 16, 2014, 06:14:30 PM |
|
Looking forward to recycling some fluttercoin. I might just manually sell them and buy mast instead of waiting for the coin recycler. How many of you guys are waiting for a specific coin to be added to the recycler?
|
|
|
|
|
raleit2014
Member
Offline
Activity: 84
Merit: 10
Crypto is the Future!
|
|
July 16, 2014, 06:33:29 PM |
|
|
|
|
|
invall
Newbie
Offline
Activity: 47
Merit: 0
|
|
July 16, 2014, 06:59:50 PM |
|
Thanks as always for your continued interest and support of MAST with great articles, jdebunt. We just sent you 250 MAST as a small gesture of our appreciation. Transaction id: 76ec434c11a61b48d443d941f72bcf600688e9342a27b82b69bc05ec1c7970a4 enjoy 100 more That's great !!! |
|
|
|
|
|
seattletu
|
|
July 16, 2014, 07:09:03 PM |
|
i was about to ask where you see the rating at...then i realized it's your website  buy buy BUY! |
|
|
|
|
|
AltxF4
|
|
July 16, 2014, 07:49:20 PM |
|
Interested to see if Alt Miner D can resurrect Machinecoin...That should be a fun one to recycle! I think there are a few holders that can't sell with no exchange or block chain atm.
Maybe that can be a future project... Resurrect dead coins just so holders can get rid of them, but then that means there has to be new buyers that then become holders...so I don't know how that would work
|
|
|
|
|
|
|
MastiffCoin (OP)
Member
Offline
Activity: 98
Merit: 10
|
|
July 16, 2014, 10:48:18 PM |
|
He obviously got the facts wrong, but you're right that it is nice to see that people are hearing about MAST organically in other venues at least! |
|
|
|
|
|
seattletu
|
|
July 17, 2014, 01:10:06 AM |
|
if fluttercoin keeps rising i'm gonna sell some off and pick up mastcoin.
|
|
|
|
|
|
seattletu
|
|
July 17, 2014, 01:15:51 AM |
|
has anyone ever played the ponzi game some coins have made? it works like this:
you put in x number of coins. then you have to wait until 20 other people have made a deposit, and you get back 20% more coins than you put in. once it stops getting people putting coins in, those people lose their coins. it's a gamble and everyone knows that at some point the deposits will stop being made and the last 20 people won't get paid out. but it's a fun game and can generate interest. but if you put in 500 mast...an hour later you'll have 550 mast. it's just mostly fun entertainment, i wonder if anyone here knows how to code the game. we should definitely do a different thread for it though, it will clog this one up hard.
|
|
|
|
|
|
AltxF4
|
|
July 17, 2014, 01:47:30 AM |
|
has anyone ever played the ponzi game some coins have made? it works like this:
you put in x number of coins. then you have to wait until 20 other people have made a deposit, and you get back 20% more coins than you put in. once it stops getting people putting coins in, those people lose their coins. it's a gamble and everyone knows that at some point the deposits will stop being made and the last 20 people won't get paid out. but it's a fun game and can generate interest. but if you put in 500 mast...an hour later you'll have 550 mast. it's just mostly fun entertainment, i wonder if anyone here knows how to code the game. we should definitely do a different thread for it though, it will clog this one up hard.
Dogegotmeintocryptos found a source on github for it https://github.com/Crypton33/CryptoPonzi could be fun, and get more people interested |
|
|
|
|
Jnz
Newbie
Offline
Activity: 39
Merit: 0
|
|
July 17, 2014, 01:56:42 AM |
|
has anyone ever played the ponzi game some coins have made? it works like this:
you put in x number of coins. then you have to wait until 20 other people have made a deposit, and you get back 20% more coins than you put in. once it stops getting people putting coins in, those people lose their coins. it's a gamble and everyone knows that at some point the deposits will stop being made and the last 20 people won't get paid out. but it's a fun game and can generate interest. but if you put in 500 mast...an hour later you'll have 550 mast. it's just mostly fun entertainment, i wonder if anyone here knows how to code the game. we should definitely do a different thread for it though, it will clog this one up hard.
It could be a nice game but you are risking your coins for a 10% reward, that's a bad idea. Like if you risk your coins for a chance to double them that will be great, like at the casino, but risking for 10/20% that's low as hell. Most people in crypto risk their btc for a chance to x3, x4. |
|
|
|
|
|
seattletu
|
|
July 17, 2014, 02:16:41 AM |
|
has anyone ever played the ponzi game some coins have made? it works like this:
you put in x number of coins. then you have to wait until 20 other people have made a deposit, and you get back 20% more coins than you put in. once it stops getting people putting coins in, those people lose their coins. it's a gamble and everyone knows that at some point the deposits will stop being made and the last 20 people won't get paid out. but it's a fun game and can generate interest. but if you put in 500 mast...an hour later you'll have 550 mast. it's just mostly fun entertainment, i wonder if anyone here knows how to code the game. we should definitely do a different thread for it though, it will clog this one up hard.
It could be a nice game but you are risking your coins for a 10% reward, that's a bad idea. Like if you risk your coins for a chance to double them that will be great, like at the casino, but risking for 10/20% that's low as hell. Most people in crypto risk their btc for a chance to x3, x4. have you seen the game in action though? it's actually more fun than you think. because everybody that has coins in is like come on people put coins in! it's a good way to increase popularity. |
|
|
|
|
|
AltxF4
|
|
July 17, 2014, 09:47:00 AM |
|
has anyone ever played the ponzi game some coins have made? it works like this:
you put in x number of coins. then you have to wait until 20 other people have made a deposit, and you get back 20% more coins than you put in. once it stops getting people putting coins in, those people lose their coins. it's a gamble and everyone knows that at some point the deposits will stop being made and the last 20 people won't get paid out. but it's a fun game and can generate interest. but if you put in 500 mast...an hour later you'll have 550 mast. it's just mostly fun entertainment, i wonder if anyone here knows how to code the game. we should definitely do a different thread for it though, it will clog this one up hard.
It could be a nice game but you are risking your coins for a 10% reward, that's a bad idea. Like if you risk your coins for a chance to double them that will be great, like at the casino, but risking for 10/20% that's low as hell. Most people in crypto risk their btc for a chance to x3, x4. have you seen the game in action though? it's actually more fun than you think. because everybody that has coins in is like come on people put coins in! it's a good way to increase popularity. Yeah I see how it could be fun...especially if we grow the community quite a bit! Maybe draw out some of the silent lurkers. |
|
|
|
|
|
