Of course there needs to be a correlation.
Are you absolutely brain dead?
Bitcoin amounts are the only thing that is relevant.
The depth of the cluelessness here is astounding.
Ask yourself, "Why do you think the correlation is unnecessary?"
Imagine for a moment that you are trying to move 100lbs of gold across a river. Youd need a ferry. As long as its large enough to make it to the other side of the river, itll carry your 100lbs of gold to the other side. Or 10lbs of gold. Or 1oz. Or a speck. To simply move it, the size of the ferry really doesnt matter, nor does it matter how much that ferry is worth.
Bitcoin is the ferry. Mastercoin is the gold.
Ok. If you want to use this analogy. So if Mastercoin is the gold, then what are the user defined coins defined in Mastercoin?
Maybe Bitcoin is the ferry, Mastercoin is the container, and the gold is in the user defined coins.
What value does one place on this 'mastercoin' gold. We know the value of bitcoin is based on the energy and resources to extract a bitcoin. How much did it cost to extract this Mastercoin gold?
Also, what is the utility of this mastercoin gold? if one master coin can contain the same number of user defined coins as 100 master coins, then what is it worth?
We can continue to go on like this, and you begin to realize that is is all absurd.
It is absurd since Bitcoin is the gold and Mastercoin is just some label that you have printed on the gold. Sure, may have some value, but not anywhere near the Bitcoin.