Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MAST] MastCoin | CoinRecycler | ANON | New development roadmap
by
kakp
on 09/07/2014, 19:25:34 UTC

The coin recycler is what it's all about so we will wait and see. Huge potential on this one.

I only read a little bit about the recycler and tested the beta version. To tell the truth I don't really understand it. Maybe someone could make a few bullet points on why to use it/benefits? To me it seems like just any exchange but for MAST instead of BTC. Like if I have a bunch of shit coins, why would I not just dump them for BTC on the exchanges where they already are? If they are in wallets on my computer, why use the recycler instead of sending them all to Bittrex and dumping them?

I'm sorry I haven't done much reading on the recycler but I don't think you can expect everyone to do a bunch of research on it. I need to know in a simple clear form, the best reason to use the recycler? The bullet points on the homepage don't really tell me much about it. For example what does "easiest and best coin conversion" mean? what makes it easiest and best? Should I expect a better exchange rate then I would get doing it on my own or is it just to skip the work involved? Does the recycler choose the best time to sell coin or does it just happen right away?

I think people aren't understanding it well but it is an interesting idea. I think the message isn't coming across to people. I guess we will all understand it better when it is released. I found some information in your PDF that better explained it to me:

The basic process, step by step:
- Incoming coins are combined, mixed, and sent out to multiple exchanges in random quantities
- Coins are traded on exchanges, converted to BTC and then MAST
- For extra anonymity, MastiffCoins can be optionally mixed again and randomly delayed for ultra-anonymous transactions to avoid time-based statistical grouping analysis
- Outgoing MastiffCoins can be sent to yourself or any 3rd party recipient, in as many smaller transactions of random quantities as desired


You just ridiculise yourself here.

Just go watch the worldcup and come back after some research please.