Re: OFFICIAL LAUNCH: New Protocol Layer Starting From “The Exodus Address”
What were your thoughts regarding the open transactions project in my last post?
Instead of having an over complicated trading escrow fund shouldn't simply;
1 mastercoin dollar = 1 dollar with only the amount being held in escrow being traded
Same with gold... 1 mastergold = equal value of certain weight of gold held in escrow on day of purchase
Oh sorry. So many questions!
Chris Odom of Open Transactions was on the "Bitcoin in the Future" panel with me. I think he's doing some really interesting stuff. MasterCoin isn't designed with Open Transactions in mind, but from my understanding, Open Transactions could be made to use MasterCoin if people wanted it to.
Holding actual physical assets in a vault somewhere would make me like that company "e-gold", and I don't fancy the idea of going to jail
