Isn't Peter Todd working on Mastercoin? Why would he propose that?
Think about it. Mastercoin is a competitor to Counterparty. Mastercoin is already aware of, and working on solving this storage-in-multisig problem.
Peter Todd's proposal simultaneously (a) benefits Mastercoin, (b) disadvantages Counterparty, and (c) presents a proposal that portions of the developer and mining community
already find agreeable.
Isn't Peter Todd also employed by Counterparty?
https://www.counterparty.co/sergio-lerner-peter-todd/Maybe the devs at Counterparty should learn Peter's proposal and we explore how we might participate to benefit alongside Mastercoin?
I don't get Jeff's point here. Even assuming that this is the case, any product of this would have to become public knowledge in the form of source code at some point, to be actually used. At that point, Mastercoin (as an
open source project) would have lost their advantage here.
Also, this assertion is questionable as we are working with Peter as well. I don't want to speak for him (and he can correct me if I am wrong here), but he has communicated to us that in the end, his desires lie in moving the technology itself forward over allegiances to any specific implementations of it (for Counterparty OR Mastercoin).