Another question: if there are say 300,000 to 500,000 mastercoins created depending on initial investment (that's in the ball park I think) and mastercoins are divisible to 8 decimal points, is there any concern that that number will not be optimal if the concept really takes off?
Related point: for mastercoin to be valuable it needs to capture market through widespread acceptance, but what is stopping others from copying the idea and implementing it for particular purposes.
Could this type of project damage bitcoin if many try to implement similar protocols on top of bitcoin? thanks
I have these same questions. From the BitAngels interview, it sounds like there is no protocol to prevent infinite quantitative easing. If it is successful we will see competing DinersClubCoin, AliCoin, VisaCoin, etc.
TBH, the name MasterCoin may provoke a trademark dispute.
I don't see anything wrong with just calling it Exodus.