Re: MasterCoin: New Protocol Layer Starting From “The Exodus Address”

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?

Guess remains to be seen after the smart property features are implemented. Don't think anyone knows such specifics at this point, but I may be wrong.

The white paper indicates that to create a security as a 'smart property' no MSC are required.
I assume the 'smart property' would then be traded on the distributed exchange for MSC.