Quote from: udecker on April 23, 2014, 08:02:52 PM

Quote from: FrictionlessCoin on April 23, 2014, 07:56:16 PM

Quote from: paulsonnumismatics on April 23, 2014, 07:51:36 PM

Quote from: FrictionlessCoin on April 23, 2014, 07:19:28 PM

I really don't care for MSC since it obviously is a flawed concept and has no real intrinsic value.

Can you summarize the reasons you think that? not quarreling here, just genuinely interested. i can't see any "obvious" reason.

MSC is based on an idea that you can stuff arbitrary information into a bitcoin transaction. However, it does not leverage Bitcoin's main capability, that is, the ability to prevent double spending. You can use any protocol (http, smtp) to enable MSC. The use of Bitcoin's network is more hype than substance.

Thats an opinion, in my opinion, not an obvious flaw that can be logically argued. For your premise, that Bitcoins main capability is in its ability to prevent double spending, you are correct, MSC does not leverage this capability yet. But that doesnt mean that it wont in the future.

Were just beginning to scratch the surface of what effects conditionality can have on trustless transactions on an open, secure ledger. Time will tell, but more will come.

If youve got any ideas, let us know. We strongly believe that our critics will be our strongest influence in making the Master Protocol become more advanced with more useful features. The more masterminds the better, so please continue providing your feedback, and consider contributing to the effort by offering your criticisms in an actionable way.

Thanks,
Craig

pay me btc and I will give you the most valuable criticism.