Quote from: hmmmstrange on July 29, 2015, 01:29:41 AM

Quote from: ejinte on July 29, 2015, 12:47:46 AM

Ross explains what went wrong with mastercoin:
http://ripper234.com/p/so-whats-up/

Ron and JR made a lot of huge mistakes, none of which are mentioned in Ron's pitiful blog post.

Oh poor Ron, he has a mental disorder, it excuses everything.

Ron doesn't seek any excuse. He merely sets forth some things that occurred in his life. He doesn't need any understanding from you.

The poor guy openly admits he fucked up every startup he tried, that he junked up his marriage, and he wants to kill himself sometimes. Give him a break. I didn't like the guy, but I sure don't feel a need to beat him down after that grand admission.

Mastercoin was 100% fucked long before Ron arrived on the scene. 'Open source' is a disaster. The same disorganization now exists with bitcoin re block size. With no CEO to choose a path, no path will be taken. Satoshi's dream that miners would 'vote' to reach a concensus - is just not a workable scheme. So, we have a fork and real threat to the whole thing. Decentralization is a bit tricky. Ron didn't cause this.

When Mastercoin paid Micheal Terpin's PR company $6K/mo for three months, it was quite clear the project would burn up everything before doing anything. Terpin claims to have placed one story (in Forbes - not even the real Forbes, but a website which borrows the Forbes name). That kind of waste consumed all Mastercoin funds before they could get a legit platform running.

Ironically, they are pretty close today to having an interesting system.