what do you think about ripple ? Do you think it's a competitor for mastercoin ?
I think that Ripple is a powerful idea that has been badly mismanaged, and yes, it competes with MSC. Their focus on Peter owes Paul owes Sam owes Jake debt chains causes their true
killer features to get lost in the noise. Nobody cares about collapsing debt chains, but distributed exchange is incredibly important. Perhaps they have fixed this marketing snafu (I haven't checked lately).
I also disagree with their XRP distribution model, and I am doubtful about the case for long-term appreciation of that currency. (Trivia: the MasterCoin giveaway thread was funded with MSC purchased with BTC I got for selling XRP I received from an early Ripple giveaway)
Finally, I think their system is way too complex, not sufficiently decentralized, not sufficiently open source (this may have changed since last I looked), and not flexible enough for other cool things people want to do with distributed currencies.
Other than that, I love Ripple.

You should check it again. Totally open-source since a month .
I agree they are not good at communicating but their main aim is not bitcoin community but exchange platform like zipzap and future gateways. With more gateways and nodes the ripple network will be distributed enough to be fair and honest.
New features are coming with "contracts". I don't think it's too complex, it can easily be integrated and someone could use a ripple wallet without even know about it. About flexibility I couldn't really tell I'm not competent enough to say.
XRP distribution model is particular but you don't need xrp to use ripple network (mm ok actually you need less than 1$ to fund a wallet...). About long-term appreciation I think it may appreciate if the network find more gateways and plateforms that use ripple. Otherwise it may also disappear (just like bitcoin or mastercoin actually since there's not real economy backing them).
I've been reading a lot about MSC, and my concern is that communication-wise we're repeating the same mistakes Ripple is blamed for in the quote above. Perhaps the concept is clear to everyone deeply involved, but I'm willing to bet there's heaps of people like me on the forum and Reddit who, even with their best efforts, just can't find a
simple explanation about what MSC is, why do we need it and what are the practical, real-life use cases. How do we expect people to get excited about weekly newsletters if these basic things are not explained anywhere? Either MSC can't be explained in a simple way, in which case I'll become even more concerned about its feasibility, or people who truly get it are not trying hard enough to explain what's it about.
As an example, I tried to find a ELI5 for Mastercoin. There's two requests for that I found (
here and
here). To me neither explains much; they only demonstrate how bad the situation with common-sense introduction material is. If the mindset is that ELI5 request can be answered with a link to the whitepaper (read: technical system specifications) then we really, really need someone on board who understands communication.
It was good to read that a PR company will start working with MSC. Perhaps that will solve this issue in a month or two. In the mean time I would like to hear do you people agree what I say about the lack of ELI5-like material, or haven't I just been able to find it?
Thanks for the feedback. A lot of this material takes time to develop and disseminate, unfortunately a lot of it hidden away in these forums as well.
1. distributed exchange using the bitcoin network
2. issuing smart properties (stocks, etc) and currencies on top of bitcoin network