LOL. If I wanted to "spread my endless FUD", i would have said things which are several orders of magnitude more harsh than what I wrote above.

I was simply discussing various design decision with this fellow (use of alt-chain vs. use of Bitcoin blockchain) and had to mention some facts...

I simply rephrased what J. R. WIllett said himself: he said that it is very important to keep Mastercoin simple to be able to implement it ASAP, and that rules out use of alt-chain/side-chain. (On the other hand, hashrate is nearly irrelevant here. That was the point of my message.)

As to calling it an "illusion of working cryptocurrency", well, it isn't a secret that Mastercoin wasn't functioning as a cryptocurrency for the first two-three months of its existence: there was a way to send coins, but no way to check that payment was made (aside from manual inspection).