Post
Topic
Board Altcoin Discussion
Re: Mcoin.io – self service Mastercoin order book
by
maxmint
on 18/12/2013, 01:26:55 UTC
milkyman, thanks for your interest and your questions / comments.

Some critics: Right now, there is somebody selling pre-funded MSC. If I click "Buy now", a window appears into which I can enter my MSC receiving address and optionally an email address. A few things I don't understand:

- Why is a contact address optional? If I don't enter anything, how do you contact me?

Your receiving Mastercoin address is required, this should be enough info to complete a trade. Mastercoins then can be sent to this address and the deal is done – no need to contact you.
I know that many people do have privacy concerns so I made the email field optional.

- It is a pre-funded order. Isn't it the easiest, if the receiving BTC address of the seller is already displayed? I could just send the BTC to this address immediately. To prove that it was me sending the BTC, you could also here add a field for verifying that I owned the sending BTC address.

I was thinking about this as well. The problem is that most people don't know how to send from just one specific address. It's more than likely that multiple addresses / outputs get involved when sending Bitcoins and this could cause confusion.

- As it is now, it seems like I have to buy ALL the MSC the seller offers. Can't I buy only a few?

No, currently you can only buy the whole lot of Mastercoins from a prefunded order. I might change that in the future but for now it would be too complicated.

Or do these things appear later after I would have pressed the "Buy Now" butten? I didn't dare to press it :/

No fear, just press the button Wink It will send you to a BitPay payment page where you can re-check all data before making a payment.

- Is there only a fee for pre-funded orders?
There's a 1% success fee for prefunded orders. Everything else (including my escrow service) is free of charge.

- Why can't I make a pre-funded MSC buy-order?
You might be able to do so in the future, but as the site is quite new I want to focus on some important features at first.