Post
Topic
Board Announcements (Altcoins)
Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread
by
RawDog
on 08/07/2014, 18:51:23 UTC
Why Mastercoin trade volume is so low? We get new centralized exchange and still 24 hour volume worth of $338. In coinmarketcap.com that is same level with Tickets what have higher trade volume. Still price is "+15.63 %"  Shocked http://coinmarketcap.com/volume.html#msc

Speaking objectively, it is because the distribution is low and concentrated in MSC. Like with Bitcoin, the majority of those interested already invested what they were willing to invest in the past, and since  bid support is currently low since it depends on growth and not much has happened in the past couple months, any increasing ask support will send it down like it has been. 'No news is good news', so they say, which I'll admit is not very encouraging.

However, as I understand it, MasterCore as a reference platform will help accelerate development into the other features and there still is $1.8M (3x more than what we first crowdfunded with) to leverage and grow with instead of just simply working under the paradigm of cutting costs. We're reoptimizing effort vs expected output wherever we can with an emphasis of expanding into the most conducive areas of value.

I am so disappointed with MSC team! Wasting hundreds  BTC and nearly one years, you guys provide no wallet easy to use and  commit suicide by manipulating the MSC price in the fundraising of MAIDSAFE.

It's time to change the record- I think we've heard this one before.........

Read the MSC blog- cool stuff is coming. Give it time.

You can change the record all you like, you just can't change the fact. 

'Cool stuff coming'?  What that silly eco project?  Another guitarist trying to sell their future income as a stock offering?  What is the latest ill conceived 'crowdfunding' effort coming to MP? 

Even API Net which should have been an excellent crowd fund project got KILLED on Mastercoin because the platform now has a reputation slightly less than a serial child rapist who kills puppies in his free time.  In view of that, Ron at MP has hired a guy to find a guy to hire, to fix the bad reputation.  Since Johnstom hired Terpin as PR man, MasterProtocol has had one serious PR fuck-up after another.  Spectacular mismanagement on the face of MP.  I feel sorry for the guys actually doing their job and building something good.  However zero interface and zero communication with the public has truly killed any change MP ever had.  Now JR has a new baby to play with and 1.6 million in the bank - no need to waste time with MP any more.