Quote from: dacoinminster on August 26, 2013, 10:21:52 PM

Quote from: freedomno1 on August 26, 2013, 10:02:23 PM

Thanks for the Mastercoins I will have to try harder

I received the Mastercoins via my QT wallet if I send my remaining balance to the exodus address how would I differentiate them from the bitcoins I received from other sources.

As an implementation question I can differentiate the two Mastercoin transactions above.
However how would it work if I transferred the balance in my wallet to exodus.
(Would they be recalculated as part of a mastercoin or are they identified as mastercoins already)

When reading the paper I noted this part that said

"all transfers of value are still stored in the normal bitcoin block chain, but higher layers of the protocol assign additional meaning to some transactions."

If that higher layer of protocol design is assigned to the current test coin and mastercoin I possess how do I determine it's existence

Sorry if this question is a bit confusing still on the learning curve.
Off to catch up on 28 pages

You can do anything you want with those bitcoins, including buying more MasterCoins.

Your MasterCoins will stay at that address until you publish a message from that address transferring them. The message has to be in a very specific format, but it doesn't matter which bitcoins you use to send the message as long as the message comes from that address.

To confirm the wallet could remain empty since the wallet itself is the address.
I can then send the mastercoins by signing a proper message and move the Mastercoins at any time.
If the wallet is empty a small amount of bitcoins could be sent in order to transfer and confirm the mastercoins have been sent to another address.

Or when there is a Mastercoin client I can confirm my ownership by initiating a transfer and signing and verifying the message.
Or sell it to other users who have proper bitcoin clients to accept the transaction.

What type of message would need to be signed in order to ensure that the Mastercoins were transferred.

Thanks for the reply, feel free to correct any mistakes I might have made.