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
This was my initial thought.
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.
This could also be a compromise, although I'm not sure if it would re-ignite a community enough to get people back onboard, or pull new people in. We could potentially sell this coins in a new crowdsale where the money raised would not go to JR or the existing foundation. But then of course....who does the money go to? That's a box of snakes for sure.
3. We burn to a counterparty clone.
It would be interesting to know if Counterparty would have us. They added the Ethereum code, why not mastercoin?
4. We burn to a new (uncreated) bitcoin 2.0 platform
I'm not personally up for that, as there's enough of these going around. Although we could 'restart' mastercoin from zero.
5. We just leave and let mastercoin die and fade to oblivioin, and accept the losses.
Well this is certainly the road we are on now, and as an original Exodus investor that would be sad to see- especially considering Maidsafe is built on Mastercoin.