Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Announcements (Altcoins)
Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread
by
crazy_rabbit
on 28/07/2014, 08:09:23 UTC
Quote from: hmmmstrange on July 26, 2014, 08:22:31 PM
Quote from: vokain on July 18, 2014, 05:05:18 AM
Quote from: hmmmstrange on July 18, 2014, 04:06:55 AM
Quote from: vokain on July 18, 2014, 03:31:40 AM
a bit disappointing upon further review, but again, my guess is that it probably has to do with mastercore. Robby was so right about the importance of a reference client Sad

In December, 2 different parties offered to fork bitcoind to include the master protocol. Both Rob and JR turned down the offers because "JR was going to code the daemon".

Yeah, it might've been my biggest regret as a board member. It was never even really considered though I did ask what it would cost to have Robby (some six-figure stake and board membership, iirc) before never following up (at least, on my part) because JR seemed confident saying we'd be better off without his offer. Water under the bridge and all that, but pride indeed begets the fall. Lost time we can never get back... but progress nonetheless. dev@ has been amazing especially since they now have a sense of (coordinated) direction moving forward.

I'm glad that the mastercore team seems to be on the right track now. What is it going to take for the mastercoin foundation to get on the right track? Does it need the full board to resign and have proper elections? or is it just too late?

Has the board thought about dissolving and handing over the remaining funds to another team like counterparty? The whole point of this project was to get a bitcoin 2.0 protocol off the ground and it's been proven that other teams have been much more successful with much less, if any funding. Just imagine what those other teams can do with the rest of mastercoin's funds!

edit: maybe letting the safe team control the remaining funds and directing the mastercoin development would be more fair to everyone. In a way the mastercoin foundation owes them about 4 million dollars.

You know, thats not such a crazy idea. Mastercoin and Counterparty parted ways because of difference of opinion- maybe they have proved their point and it's time for both sides to get back together.

Why not start over- figuring out some formula to move everyone's coins over into a new exodus address (percentage wise) based on current standings, and rejoin efforts? Counterparty has been really successful, why not merge the benefits of both teams? rather then having them split apart. I'm sure you could probably get additional investment by doing a new crowdsale as well under the umbrella of bringing the best bitcoin 2.0 projects together, merging the teams and going on from there. Maybe even picking up an institutional investor along the way?