Post
Topic
Board Altcoin Discussion
Re: Proposal to Fork Mastercoin and Burn a portion of JR's immense stash.
by
JohnnyBTCSeed
on 30/11/2014, 16:30:03 UTC
I think the original problem was that they immediately had to setup the foundation and create all this bureaucratic bullshit when they should have been a small nimble coding attack force. The mastercoin foundation is too SLOW whereas Robby's team is fast and nimble.

The thing is, I really cared about this project. I never sold any of my exodus coins. In fact I don't give a damn if they go to zero. However, I'd like to avoid that if at all possible, but I am prepared to see them go to zero.

I think we holders of mastercoin and maidsafe collectively have power. If we choose to mass leave then JR and those left can play by themselves. So what options would a mass exodus of coin burning have?

1. We could pull a "reverse fork" (made that up) and burn our coins to an exact copy without JR
-a NEW Mastercoin 2.0

2. We could convince JR or force through threat of burning our coins and leaving, to significantly reduce his own stash by self burning them to a more reasonable level.

3. We burn to a counterparty clone.

4. We burn to a new (uncreated) bitcoin 2.0 platform

5. We just leave and let mastercoin die and fade to oblivioin, and accept the losses.