Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: MasterCoin: New Protocol Layer Starting From “The Exodus Address”
by
stslimited
on 09/01/2014, 02:41:12 UTC
Quote from: Herp on January 09, 2014, 02:22:19 AM
Quote from: stslimited on January 09, 2014, 02:06:49 AM
Say I want to place an order for 100 AsicMiner shares at 5btc each, how many Mastercoin will I need?


This hypothetical scenario will require 500 bitcoin and fill multiple asks on the mastercoin exchange

The purpose is that I need a frame of reference for how many Mastercoin I would actually need if I planned to participate in the capital markets



I posted a thread about this here https://bitcointalk.org/index.php?topic=400781.0

You would need zero Mastercoins to do that.  Only the issuer of the asset might need Mastercoins.

interesting, so how many Mastercoin would the issuer need to issue a new security with X number of shares at Y price? is there a formula? any predictable measure?