Quote from: Chang Hum on August 01, 2013, 04:03:41 PM

Sorry to bombard you with so many questions, just an interested potential investor with a few concerns.

Surely that would make the gold escrow company like e-gold rather than you?

Without the gold in escrow aren't people going to only buy up to the value of the asset, and sell from that point creating a loss of the escrow company as the Thai currency analogy describes above?

If users are the ones issueing GoldCoins and storing gold in warehouses, then what you are talking about is Colored Coins, which has its own project over at bitcoinx.org - it's a technically sound idea which works much like Ripple, but there's not any way to invest in it that I know of, other than just owning bitcoins.

The attack in Thailand wouldn't have been possible without irresponsible lending by banks in risky real-estate speculations (where have I heard that story before)?

Quote from: adamstgBit on August 01, 2013, 04:09:04 PM

so whats stopping dacoinminster from sending his own coins over and over. after all he controls this address, he can take all the coins out and then put them back in giving himself monumental amounts of MasterCoins

plus he gets to keep the bitcoins

MasterCoins are free for him Undecided

Feel free to watch funds sent to the Exodus address. They will stay there until September 1st. Probably a lot longer than that.

Quote from: Chang Hum on August 01, 2013, 04:17:49 PM

And he said he was delaying his purchase to not make everyone mad by getting the best exchange rate, but as per his White Paper today is the best exchange rate :s

Nobody has sent any coins there yet though, and I am delaying my own purchase so I don't make everyone mad by getting the best exchange rate moments after the announcement Smiley

I've actually raised a non-trivial amount of money since the announcement and before my own purchase. You can see the MasterCoin purchases here: http://blockchain.info/address/1EXoDusjGwvnjZUyKkxZ4UHEf77z6A5S4P