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=400781.0You 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.
But you do require some MSC to create some things. I know there are some that don't require MSC to create but depends on which one.
Lots of things can be created on top of it as third layer, even a decentralized social network.
Back to previous point; say you want to buy some Google shares that trade in USD and you need to own USD pegged currency for that. You could probably convert MSC to MastercoinUSD (usd pegged currency) in order to buy Google stock but should cost you zero mastercoins to participate after that.
please elaborate, lets focus on one single thing that would require people to hold a balance of mastercoin. Any arbitrary balance of MSC. What would require that person to spend those MSC and what would require that person to get more MSC from the open market?