Quote from: ripper234 on August 04, 2013, 03:40:43 PM

Quote from: bytemaster on August 04, 2013, 01:47:55 PM

Quote from: ripper234 on August 04, 2013, 05:01:17 AM

the economical properties of the protocol have reached "1.0" stage and now can't be changed without a huge fuss.

I strongly suggest you not close this particular topic.... the economics of the system must be changed or it will fail.

When I say "economical properties", I specifically refer to things such as:

1. Each Donated Bitcoin is worth 100 MSC
2. The only donations possible are before Sep 1 2013
3. Early Adopter bonus (10% bonus per week before Sep 1)
4. 10% bonus in MSC awarded to the "Mastercoin Foundation" in an exponentially decaying rate (50% of this bonus in the first year, 25% in the second year, etc).
5. No additional ways to create mastercoins (this is critical)

The properties above cannot now be changed. If anyone changes them, even if it's Willet himself, his changed version will not be MasterCoin (it's essentially a hardfork / Prohibited Change).

Other properties of the protocol could perhaps be changed.
Do you have suggestions for specific changes you'd like to see? (I've read most of your previous posts, I'm asking about specific changes, not an entire redesign, which will also probably not "be MasterCoin").

That's not exactly true though. Sent coins could be returned and relaunch MasterCoin later.

I'm not sure if you were initially referring to my point 1, but he could also relinquish control over the exodus address to someone overseeing the development and integrity of MasterCoin. This wouldn't necessarily change anything you mention. I would assume if that was the case developers should be hired and I'm not entirely sure he wants to put his entire bitcoin wealth at the same risk as everyone else who already sent.

This obviously disregards any other controversial claims in his white paper.