Quote from: Herp on January 09, 2014, 01:03:57 PM

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Quote from: stslimited on January 09, 2014, 05:09:18 AM

Quote from: Herp on January 09, 2014, 04:54:05 AM

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Quote from: Herp on January 09, 2014, 02:49:55 AM

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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?

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?

Guess you can think of the actual MSC coins as the entry ticket to the 3rd layer of applications. You need MSC to enter that 3rd layer, Master Protocol being 2nd layer on top of Bitcoin (1st layer). You will need to convert currency into MSC to be able to participate in the 3rd layer applications like stocks or commodities.

great, since this is in line with my current understand and to avoid walking in even bigger circles, so lets continue with my original example

I want to buy 100 shares of ASICMiner at 5 btc/each , this is 500 btc in this example

I want to participate in a decentralized stock market where this company is denominated in bitcoin, listed in its bitcoin price, and trading in bitcoin

How many mastercoins will I need to participate in that 3rd layer application and facilitate the transaction?

How many mastercoin will the seller need to participate in that 3rd layer application and facilitate the transaction?

How many mastercoin will the issuer ASICMiner or ASICMiner-decentralized-Pass-Through need to have listed the security?

did I miss anyone that may need a balance of mastercoin? a market participant? a transaction fee? anything?

someone should be able to produce a finite number or equation for how much mastercoin that I or any of those market participants, or anyone ever, will need

I hate to see you waste your energy having this discussion with Herp. He is a moron and a troll. You really are wasting your time with him. He doesn't understand a single technical aspect of Mastercoin and is just blowing hot air.

Crappy ad hominem attack because I've pointed out to the likely price manipulation you attempted in the other thread. Sour grapes ay?

You've added nothing to the conversation except throwing insults around. You are the moron, sorry to say.

just ignore it, the same stuff is going on in every single thread on this website