Can anyone tell me why mastercoin would be around in a year when the foundation will run out of money in 8 months? That is why overstock is going with counterparty.
Counterparty is already out of money. So in 8 months, Mastercoin will be right where they are. The head of CounterParty is a hard worker. The head of Mastercoin is a buffoon with no social skills and probably even less management skills. No amount of money will fix a project with bad leadership. Counterparty did all that on zero budget - Mastercoin blew up $5 million dollars making silly payments to each other and nobody did any genuine work under any real plan.
JR should have made it a requirement that for everyone getting paid, a days work ends with a 5 minute progress post in the forum. You don't get paid for the day, unless you take 5 minutes to describe what it was you were working on at the end of your work day. This way, we'd all know what was being done when and we'd have all seen long ago where the 'no progress' was occurring.