The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread

[mastercoin_foundation]

Welcome to the official Mastercoin Foundation thread where all things related to the Master Protocol and Mastercoin are discussed. If you have a question feel free to post it and one of our team members will get back to you.

RULES: Absolutely NO TROLLING on this thread.  No name calling, no vulgar language or unsubstantiated accusations that would be meant to defame any person or organization.  Any post that does not follow these rules will be deleted without question. 

Below is a comprehensive list of resources to help you better find the answers you seek.

Do you have a question that needs our immediate attention? Please visit http://www.mastercoin.org and click the support button on the top left side of the page to file a ticket.

Mastercoin Wallets: http://www.mastercoinwallets.org

Learn how to install the Masterchest Windows Wallet: http://masterprotocoleducation.org/how-to-install-the-masterchest-windows-wallet/

Master Protocol Blog: http://blog.mastercoin.com/

Master Protocol Education: http://masterprotocoleducation.org/

Master Protocol Code: http://wiki.mastercoin.org/index.php/Github_Repositories

Master Protocol Specification: https://github.com/mastercoin-MSC/spec

Master Protocol Wiki: http://wiki.mastercoin.org/index.php/Main_Page

Master Protocol FAQ: http://wiki.mastercoin.org/index.php/FAQ

Dev Project Boards: http://wiki.mastercoin.org/index.php/Developer_project_boards

Verification API: http://wiki.mastercoin.org/index.php/Verification_API_endpoints

Wallet Exchange Integration:
http://wiki.mastercoin.org/index.php/Exchange_%26_Wallet_Integration_Guide

The Emerging Wave of Decentralized Applications (White Paper)
https://github.com/DavidJohnstonCEO/DecentralizedApplications/blob/master/README.md

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[ripper234]

I would like to confirm that mastercoin_foundation is our official new bitcoin user.

This should be the single thread on bitcointalk for Mastercoin (MSC) updates.
Other threads can be found on mastercointalk and the developer Google Group, as well as our blog.

[cryptowho]

will be looking forward to the details : )

[MCRyan]

Awesome happy to join in here! MSC rocks!

[nakaone]

is there a description how to import my msc from blockchain.info wallet to masterwallet?

[MCRyan]

nakaone: You must export your private key from blockchain.info. Then import it to bitcoin-qt by following these directions:

https://en.bitcoin.it/wiki/How_to_import_private_keys_v7%2B

After that, head over and grab the Masterchest Windows Wallet: http://www.mastercoinwallets.org

Now, check out the Master Protocol tutorial on how to set it up: http://masterprotocoleducation.org/how-to-install-the-masterchest-windows-wallet/

Hope this helps!

[torot]

I would like to confirm that mastercoin_foundation is our official new bitcoin user.

This should be the single thread on bitcointalk for Mastercoin (MSC) updates.
Other threads can be found on mastercointalk and the developer Google Group, as well as our blog.

Is this thread mainly the foundation announcement thread? A copy of the blog?

[mastercoin_foundation]

I would like to confirm that mastercoin_foundation is our official new bitcoin user.

This should be the single thread on bitcointalk for Mastercoin (MSC) updates.
Other threads can be found on mastercointalk and the developer Google Group, as well as our blog.

Is this thread mainly the foundation announcement thread? A copy of the blog?

it's replacing the previous thread which only JR could moderate, and it was felt that his time is better spent on working on the protocol rather then moderating trolls

[dacoinminster]

Linked here from the old thread.

Thanks!

[Chang Hum]

New thread looks excellent, I wish mastercoiners every success.

[niner]

Mastercoin is not listed in the top 10 today on coinmarketcap.com

This is not because of the price level I don't think ( the price is listed as a question mark )

I assume the price is no longer being reported by whatever exchange was being used.

The price and volume look healthy at masterxchange.com

I posted this at https://bitcointalk.org/index.php?topic=199685.msg6134561#msg6134561

edit:  ... and it's back.  It appears masterxchange was taken down temporarily to fix the SSL/TLS issue.
        This resulted in there being no recent volume reported to coinmarketcap and Mastercoin briefly going missing from the top ten.

[freedomno1]

Ghosting I made a thread but it got buried fast so nice to have an official one

[BitSwe]

I read in this article: http://www.forbes.com/sites/kashmirhill/2014/04/08/beyond-bitcoin-crypto-ownership-companies-hope-youre-ready-to-decentralize-everything-on-the-internet/ about maidsafe and that they will have their IPO using mastercoin.
Great stuff!

Although watch out, bitshares wants a piece of the action as well.
https://bitsharestalk.org/index.php?topic=4090.0

We talked with maidsafe today and will be using our Dns system and they will be consulting with us on the economics of their system.

In the end the mastercoin ipo will be insignificant compared to our partnership potential.

[nakaone]

what is the conversion rate of msc to safecoins? cannot find it

[TraderTimm]

Any response to Reggie Middleton's product that was released prior to the MSC exchange?

Any comment on how the entire MSC protocol relies on a resource that could be "forked" out of existence?

These are things that people should understand, if you're committed to being open and transparent.

[bitwhizz]

Got a thread back, nice one
Whats is the reationship between master coin to safe coin?

apart from the fact you can buy safe coins with mastgercoins
what links the two together, does safe coin exist on top of the master protocol?, as i thought that wasn;t the case due to teh way its meant to be used,

[niner]

Got a thread back, nice one
Whats is the reationship between master coin to safe coin?

apart from the fact you can buy safe coins with mastgercoins
what links the two together, does safe coin exist on top of the master protocol?, as i thought that wasn;t the case due to teh way its meant to be used,

Below is an excerpt from https://github.com/maidsafe/Whitepapers/blob/master/Project-Safe.md

7. SAFE Crowd Sale

The crowd sale will be operated as follows:

A fixed number of MaidSafeCoin will be issued during the crowd sale

The sale will last until all coins have been purchased (circa $8million) or 30 days has passed, whatever happens first

Within that period, public funds in the form of bitcoin and mastercoin can be sent to exodus bitcoin address via www.BuySafeCoins.com

Each participant will purchase an intermediary coin, MaidSafeCoin

A quantity of 429,496,729 coins will be available for purchase, this equates to 10% of all safecoins

Early buyer incentives are in place to reward early participation (see chart below)

It is estimated that participants will purchase 17,000 MaidSafeCoins for 1 bitcoin

All purchases and transctions will be recorded on the Bitcoin block chain via the Mastercoin protocol

The deposit of funds in the exodus address will auto generate the appropriate level of MaidSafeCoins, they will be reciepted in the participants mastercoin wallet

Once the full network is launched these will be traded on a 1:1 basis for safecoin

Each participants safecoin wallet will be credited as the full network is launched and they create their SAFE network accounts

In the event that not all coins are sold, the remaining coins will be burned

All details are available at www.safecoin.io

</excerpt>

How could the MaidSafeCoin be recorded via the Mastercoin protocol?  There is no 'user currency' feature yet.
Instead they are using a Mastercoin-style fundraiser.  They are going to announce their 'exodus address' on 22-April.
There will apparently be a separate 'exodus address' if you wish to send Mastercoin instead of bitcoin.

[marcelus]

Re-hopping aboard after being unceremoniously dumped by a moderator.

[bitwhizz]

Got a thread back, nice one
Whats is the reationship between master coin to safe coin?

apart from the fact you can buy safe coins with mastgercoins
what links the two together, does safe coin exist on top of the master protocol?, as i thought that wasn;t the case due to teh way its meant to be used,

Below is an excerpt from https://github.com/maidsafe/Whitepapers/blob/master/Project-Safe.md

7. SAFE Crowd Sale

The crowd sale will be operated as follows:

A fixed number of MaidSafeCoin will be issued during the crowd sale

The sale will last until all coins have been purchased (circa $8million) or 30 days has passed, whatever happens first

Within that period, public funds in the form of bitcoin and mastercoin can be sent to exodus bitcoin address via www.BuySafeCoins.com

Each participant will purchase an intermediary coin, MaidSafeCoin

A quantity of 429,496,729 coins will be available for purchase, this equates to 10% of all safecoins

Early buyer incentives are in place to reward early participation (see chart below)

It is estimated that participants will purchase 17,000 MaidSafeCoins for 1 bitcoin

All purchases and transctions will be recorded on the Bitcoin block chain via the Mastercoin protocol

The deposit of funds in the exodus address will auto generate the appropriate level of MaidSafeCoins, they will be reciepted in the participants mastercoin wallet

Once the full network is launched these will be traded on a 1:1 basis for safecoin

Each participants safecoin wallet will be credited as the full network is launched and they create their SAFE network accounts

In the event that not all coins are sold, the remaining coins will be burned

All details are available at www.safecoin.io

</excerpt>

How could the MaidSafeCoin be recorded via the Mastercoin protocol?  There is no 'user currency' feature yet.
Instead they are using a Mastercoin-style fundraiser.  They are going to announce their 'exodus address' on 22-April.
There will apparently be a separate 'exodus address' if you wish to send Mastercoin instead of bitcoin.

Hmmm an IPO that values itself as a quarter of bitcoins market cap or over $1billion at IPO stage interesting hahahhahahahahahaha

i think you have your maths muddled by a factor of 10

(1BTC/17000 ) x 4bil = 235200BTC x $425 - approx $100 mil

100 milion dollars



If you compare its innovation to something like angry birds which is valued at a few Bil, and is a brain dead app, its doesn't seem to bad, the code is supposedly patented (correct me if i am wrong), so it can;t be ripped off either

[Chang Hum]

Got a thread back, nice one
Whats is the reationship between master coin to safe coin?

apart from the fact you can buy safe coins with mastgercoins
what links the two together, does safe coin exist on top of the master protocol?, as i thought that wasn;t the case due to teh way its meant to be used,

Below is an excerpt from https://github.com/maidsafe/Whitepapers/blob/master/Project-Safe.md

7. SAFE Crowd Sale

The crowd sale will be operated as follows:

A fixed number of MaidSafeCoin will be issued during the crowd sale

The sale will last until all coins have been purchased (circa $8million) or 30 days has passed, whatever happens first

Within that period, public funds in the form of bitcoin and mastercoin can be sent to exodus bitcoin address via www.BuySafeCoins.com

Each participant will purchase an intermediary coin, MaidSafeCoin

A quantity of 429,496,729 coins will be available for purchase, this equates to 10% of all safecoins

Early buyer incentives are in place to reward early participation (see chart below)

It is estimated that participants will purchase 17,000 MaidSafeCoins for 1 bitcoin

All purchases and transctions will be recorded on the Bitcoin block chain via the Mastercoin protocol

The deposit of funds in the exodus address will auto generate the appropriate level of MaidSafeCoins, they will be reciepted in the participants mastercoin wallet

Once the full network is launched these will be traded on a 1:1 basis for safecoin

Each participants safecoin wallet will be credited as the full network is launched and they create their SAFE network accounts

In the event that not all coins are sold, the remaining coins will be burned

All details are available at www.safecoin.io

</excerpt>

How could the MaidSafeCoin be recorded via the Mastercoin protocol?  There is no 'user currency' feature yet.
Instead they are using a Mastercoin-style fundraiser.  They are going to announce their 'exodus address' on 22-April.
There will apparently be a separate 'exodus address' if you wish to send Mastercoin instead of bitcoin.

Hmmm an IPO that values itself as a quarter of bitcoins market cap or over $1billion at IPO stage interesting hahahhahahahahahaha

i think you have your maths muddled by a factor of 10

(1BTC/17000 ) x 4bil = 235200BTC x $425 - approx $100 mil

100 milion dollars



If you compare its innovation to something like angry birds which is valued at a few Bil, and is a brain dead app, its doesn't seem to bad, the code is supposedly patented (correct me if i am wrong), so it can;t be ripped off either

My mistake, yes you are correct, but I feel you are very muddled with the relevance of comparing this IPO to the epicly successful games developer Rovio!!!

A $100m IPO for something in development still seems horrendous IMO!