[ANN] MaskCoin and MaskNetwork

[butany]

@DEV
Q1, if i buy now, could i get the pos interest?
Q2, If you couldn't sell the whole 5 million coins,what will you do with the rest coins? and when will you stop selling the 5 million coins?

1. No. The interest will start to be paid by the network after the real net launch.

2. We don't want to sell 5 million coins and we can't sell that much, because we need at least 2.000.000 to bootstrap some p2p markets. MaskExchange will issue Bitcoins, USD, Euro and a bunch of other virtual currencies. Those assets will trade over p2p distributed markets inside MaskNetwork and we need MSK to sustain those markets.

MaskNetwork is NOT about MaskCoin. A lot of other private issued coins will be traded or USED TO BUY GOODS from market.

For example, you can post a sale offer for mining hardware and accept : Bitcoins, USD, EURO, MSK. You can accept an unlimited number of currencies when selling an item.

And, trust me. A lot of traders will choose to pe paid in virtual USD or virtual EURO issued by third parties instead of MSK or other volatile currencies.

Seems promising. Maybe I will buy some.

[1715052984]

1715052984

[1715052984]

1715052984

[1715052984]

1715052984

[1715052984]

1715052984

[provenceday]

when will this coin launch?

thanks

[mightname]

when will this coin launch?

thanks

It has launched. You can buy from http://www.maskexchange.com/

[prix]

If I want to buy 1 million coins, then I must to pay $51 million?
And the new price will be $101 per MASK?
Dev, is that correct?


Edit:

Code:

Account 1bbbbf0b16... bought 2.99 MSK for 4.03 USD and the price increased to 1.34320 	+2.99 MSK 	-4.03 USD 	1.34320 	1 hour
Account 1bbbbf0b16... bought 11.94 MSK for 16.11 USD and the price increased to 1.34290 	+11.94 MSK 	-16.11 USD 	1.34290 	1 hour

Price was 1.34290, after the purchase of 3 MSK - 1.3432, increased by 0.0003.

But from: http://www.maskexchange.com/buy.php

The price grows 0.00001 USD after each MSK bought. For example, if you buy 100 MSK, the price will gro 0.001 USD.

Is wrong?

[themasknetwork]

If I want to buy 1 million coins, then I must to pay $51 million?
And the new price will be $101 per MASK?
Dev, is that correct?


Edit:

Code:

Account 1bbbbf0b16... bought 2.99 MSK for 4.03 USD and the price increased to 1.34320 	+2.99 MSK 	-4.03 USD 	1.34320 	1 hour
Account 1bbbbf0b16... bought 11.94 MSK for 16.11 USD and the price increased to 1.34290 	+11.94 MSK 	-16.11 USD 	1.34290 	1 hour

Price was 1.34290, after the purchase of 3 MSK - 1.3432, increased by 0.0003.

But from: http://www.maskexchange.com/buy.php

The price grows 0.00001 USD after each MSK bought. For example, if you buy 100 MSK, the price will gro 0.001 USD.

Is wrong?

Exactly. Price increases 0.0001 after EACH bought coin. It decreases after each sold coin. If you want to buy 1.000.000 coin, you are not going to pay $1.000.000. You are going to pay much more.

[themasknetwork]

when will this coin launch?

thanks

It has launched. You can buy from http://www.maskexchange.com/

It wasn't lauched. The EXCHANGE was launched.

August, 5 2014 - MaskExchange.com is launched
August, 10 2014 - Proof of Concept client can be downloaded
Septmeber, 10 2014 - TesteNet will be launched. The network will include some basic features (really advanced features compared to other coins)
January, 2015 - the realnet will be live

If you want to TRADE real MSK you can do it over maskexchange.com.

if you hold the coins until January, 2015, you will be able to withdraw the real MSK coins to your wallet. If not, you can liquidate your MSK positions at market price, anytime. We process withdrawals every day.

[magcoin-crypto]

A wallet with built-in ads?

LOL

Good luck convincing people that you're not profiting off their tracking data.

Then when an embedded advertisement exploits a vulnerability and steals everyone's wallets, I'm sure the value will skyrocket.

Who doesn't love a language that has been responsible for countless infections and/or creepy tracking?
NaN === NaN => false ftw

[TwinWinNerD]

A wallet with built-in ads?

LOL

Good luck convincing people that you're not profiting off their tracking data.

Then when an embedded advertisement exploits a vulnerability and steals everyone's wallets, I'm sure the value will skyrocket.

Who doesn't love a language that has been responsible for countless infections and/or creepy tracking?
NaN === NaN => false ftw

haha yes, if ads can reach you, you are being tracked 100% of the time. Awesome currency.

[themasknetwork]

A wallet with built-in ads?

LOL

Good luck convincing people that you're not profiting off their tracking data.

Then when an embedded advertisement exploits a vulnerability and steals everyone's wallets, I'm sure the value will skyrocket.

Who doesn't love a language that has been responsible for countless infections and/or creepy tracking?
NaN === NaN => false ftw

haha yes, if ads can reach you, you are being tracked 100% of the time. Awesome currency.

This is a misunderstanding. I have mentioned before that, what you see on the right side of the wallet, it's the p2p distributed ad system that have nothing to do with web ads. I will give you an example :

1. Click "Advertise here" button. The following dialog will popup.

2. Complete the form and click submit. You have to choose how many hours your ad will be displayed and how much per hour you are willing to spend. The ad contains a title, a message and a link.

3. A packet is broadcasted to all nodes. The packet contains a payment to the default address and the advertising data.

4. The packet is included in the next block and all nodes update their local database.

5. All wallets will start to display your ad if they are targeted (based on country). But they DON'T DOWNLOAD the ad from an external source. The wallets are READING THE LOCAL DATABASE !!! Tracing wallets is out of the question, because wallets don't "connect" to an external service to get the ads list. They are browsing a local file. No javascript, no applets or other tracing scripts.

The good news is that even if there is no connection between the wallet and other external website, advertisers can still TARGET who will watch the ad, based on country.

You can target only users from Poland, but you will NEVER know what wallets are located in Poland. The wallet comes integrated with GeoIP. The wallet know it's own address (the peers will communicate your IP address when a connection is made). Based on IP, the wallet will find the country where it's located (it will browse the LOCAL GeoIP database) and will display the right ads / market section.

As an advertiser, you can be 100% sure that only wallets in Poland will display your ad, but in the same time you have ZERO data regarding the wallets that display the ad.

The same rules apply for the market. The wallet will browse the local database when displaying items, meaning there is ZERO connection between sellers and buyers. When you browse a "hidden" TOR website, you are still connecting to a remote server. When you browse MaskCoin market, you are browsing YOUR LOCAL COMPUTER !!! Seller don't need a website.

Only the first 25 ads are displayed, based on market bid.

[NxtChg]

5. All wallets will start to display your ad...

Don't you think that the very first client clone will be "No Ads" client?

Especially if there is no censorship and there will be penis enlargement ads all over every wallet (sex-related ads tend to be more profitable, or so it seems from spam and web ads).

How would you counter this?

[butany]

when will this coin launch?

thanks

It has launched. You can buy from http://www.maskexchange.com/

It wasn't lauched. The EXCHANGE was launched.

August, 5 2014 - MaskExchange.com is launched
August, 10 2014 - Proof of Concept client can be downloaded
Septmeber, 10 2014 - TesteNet will be launched. The network will include some basic features (really advanced features compared to other coins)
January, 2015 - the realnet will be live

If you want to TRADE real MSK you can do it over maskexchange.com.

if you hold the coins until January, 2015, you will be able to withdraw the real MSK coins to your wallet. If not, you can liquidate your MSK positions at market price, anytime. We process withdrawals every day.

So the Proof of Concept client will be available on August,10?  It's great!

[themasknetwork]

You can download Proof of Concept wallet from www.masknetwork.com

[butany]

You can download Proof of Concept wallet from www.masknetwork.com

I have installed the POC wallet for windows. But when I start the wallet,it shows the error:

An error has occurred during startup:

java.lang.NullPointerException
   at kernel.CDB.execute(CDB.java:68)
   at kernel.CBootstrap.tableExist(CBootstrap.java:641)
   at kernel.CBootstrap.checkTables(CBootstrap.java:665)
   at kernel.CBootstrap.<init>(CBootstrap.java:15)
   at kernel.main.main(main.java:121)
   at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
   at sun.reflect.NativeMethodAccessorImpl.invoke(Unknown Source)
   at sun.reflect.DelegatingMethodAccessorImpl.invoke(Unknown Source)
   at java.lang.reflect.Method.invoke(Unknown Source)
   at com.exe4j.runtime.LauncherEngine.launch(Unknown Source)
   at com.exe4j.runtime.WinLauncher.main(Unknown Source)
   at com.install4j.runtime.launcher.WinLauncher.main(Unknown Source)

What's wrong?

[DannyElfman]

This is 100% java based?

Oh boy, not again^^

Anyone checked the souce, is it safe to DL?

[wwdz99]

Ill try it.

[IXC2XIC]

This is 100% java based?

Oh boy, not again^^

Anyone checked the souce, is it safe to DL?

That's what I was thinking as well. 

Anybody? 

[themasknetwork]

You can download Proof of Concept wallet from www.masknetwork.com

I have installed the POC wallet for windows. But when I start the wallet,it shows the error:

An error has occurred during startup:

java.lang.NullPointerException
   at kernel.CDB.execute(CDB.java:68)
   at kernel.CBootstrap.tableExist(CBootstrap.java:641)
   at kernel.CBootstrap.checkTables(CBootstrap.java:665)
   at kernel.CBootstrap.<init>(CBootstrap.java:15)
   at kernel.main.main(main.java:121)
   at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
   at sun.reflect.NativeMethodAccessorImpl.invoke(Unknown Source)
   at sun.reflect.DelegatingMethodAccessorImpl.invoke(Unknown Source)
   at java.lang.reflect.Method.invoke(Unknown Source)
   at com.exe4j.runtime.LauncherEngine.launch(Unknown Source)
   at com.exe4j.runtime.WinLauncher.main(Unknown Source)
   at com.install4j.runtime.launcher.WinLauncher.main(Unknown Source)

What's wrong?

It's solved now. Please uninstall and download the new installer. 

[themasknetwork]

This is 100% java based?

Oh boy, not again^^

Anyone checked the souce, is it safe to DL?

1. 3 billions devices run java, from ATMs to routers. I really don't understand what's wrong with java. Right now, java is the best SDK to write a p2p network.

2. "The source" has around 85.000 lines of code. If a programmer will start to "check the source" today and spends around 4-5 hours / day, he will be able to give you an accurate answer to the question "is secure ?" in November or December. This is not a bitcoin fork.

[vlight]

Are you kidding me? The number of pre-sale coins is 50,0000 and dev owns 5 million?
5 million???
Really?? 5 million???
So you guys own 90% of the total coins??//
WTF!?
Shut up and take my money!!!!!!!

There are 100 mil total coins. The developers own the initial stake of 5 million available coins. It's a POS coin and without an initial stake the network can not start. The 5 mil coins we own are available for sale on maskexchange.com

What about the other 94500000 coins, how will you deal with them?

The rest of 95.000.000 coins are going to be distributed by interest (25% / year) to stakeholders. Any address holding at least 25 MSK will receive a daily interest of 0.06%/ day.

Is this the manual process? Or this will be hardcoded to the wallet and devs will not be able to manipulate distribution after the launch?

[butany]

You can download Proof of Concept wallet from www.masknetwork.com

I have installed the POC wallet for windows. But when I start the wallet,it shows the error:

An error has occurred during startup:

java.lang.NullPointerException
   at kernel.CDB.execute(CDB.java:68)
   at kernel.CBootstrap.tableExist(CBootstrap.java:641)
   at kernel.CBootstrap.checkTables(CBootstrap.java:665)
   at kernel.CBootstrap.<init>(CBootstrap.java:15)
   at kernel.main.main(main.java:121)
   at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)
   at sun.reflect.NativeMethodAccessorImpl.invoke(Unknown Source)
   at sun.reflect.DelegatingMethodAccessorImpl.invoke(Unknown Source)
   at java.lang.reflect.Method.invoke(Unknown Source)
   at com.exe4j.runtime.LauncherEngine.launch(Unknown Source)
   at com.exe4j.runtime.WinLauncher.main(Unknown Source)
   at com.install4j.runtime.launcher.WinLauncher.main(Unknown Source)

What's wrong?

It's solved now. Please uninstall and download the new installer.  

I can use the wallet now.It's very cool! But one problem,I cann't make the wallet full-screen in windows 7. It's inconvenient to use some buttons because some buttons will be hided if the wallet cann't be full-screen.

Another problem is the font is small.