for those who want to do the the occasional 'Simple Send' without a separate Mastercoin wallet and who have an option to sign a raw transaction. As always I recommend a few test payments before you go crazy
Could anyone explain me please in average Joe words how can I purchase MC, does it have it's own client, where my MCs would be stored etc,e tc as I don't understand a shit about this but would test my luck investing few satoshis.
Right now you can do OTC purchases via this
order book. In a few days there will be a distributed exchange build in to at least two wallets so that you can buy Mastercoins using zero trust. This also answers your other question; yes there are wallets (under heavy development). Your Mastercoins are stored on a normal Bitcoin address that you pick choose using a normal client.
For more info check the
wiki.
Unfortunately as far as I know the only real way to do orders right now is
buymastercoin.com/From what I hear it's very hard to get liquidity otherwise.
HUGE DISCLAIMER: The owner of buymastercoin is a friend of mine, and most of my information about the market is from him. So buyer beware, do your homework. If you manage to buy via OTC in a cheaper price, power to you!
This is a good alternative but do consider you are paying twice the amount as you would if you would use OTC.