Not true.  Not good and not true. 

A system as big as Mastercoin is pretty hard to build well.  It's going to take tons more money than we have in the bank today to perfect everything.  There will be a 'B'-round of financing.  Oh, I know JR doesn't want to - but it will be very good for everyone when it comes time to raise that second round and press on with development vigorously.  This is going to take some serious coin. 

Probably, everyone will be asked to kick in a percentage of their holding in new cash.  Then, nobody gets diluted.  If you decide not to up your investment - then you get pushed down with a dilution.  This could be done without creating more coins.  But, it will probably be easier to just issue some new coins.  That is not a nightmare.  It is good for everyone involved to bring in additional development funds.  No big deal.  Let bitcoin keep their weird idealisms regarding a deflationary currency.  We can and should have an administration who can apply reason and method to fund the next stage.

Way to go synechist -
Three cheers for you.  Too many wimps in the world run crying to grandma.  At least you get it.  

I suppose it is easier to laugh when you don't really have red hair.  lol  

You are brilliant.  Did you major in mathematics?  I know the rate.  I understand multiplication.  How many sent more than 50 BTC? 

Someone needs to work up a top 25 or something.

Holy crap, exactly how many have more than 5000 each?

Who cares?  If it really effects the prices this is good for us.  People who buy on misinformation cause price fluctuations upon which you can get on the other side.  This is a profit opportunity.  The goal is not price increase at all costs, but rather buying/selling on information which the others didn't process correctly.    Free markets baby!!!

Actually, mishax1 probably is a good guy.  We had a chaotic day and I meant to send BTC to Max but mistakenly sent them directly to mishax1.  Although he made a little joke, he could have run off with the BTC and I had no recourse.  Rather, he delivered the transaction without delay.  So, on a first glance - I am saying the guy is honest/OK.  His sense of humor is a little twisted though.

Good idea.  When Max sleeps, the damn market falls apart!  We need 24/7. 

Also, great idea to leave JR out of it.  That guy needs to get his lazy butt to work on real issues and no messing about with trivial matters.  His wife doesn't let him play too much so we've got to use his time wisely. 

Send Max the 5BTC and start making some trades.  I vote for Pouncer.  (But maybe you'd better send 10 or 20 - else technically your trade value ceiling would be pretty low.)

The price is high because the coins are valuable and people who have coins believe they are worth more than the prices offered.  Is that 'hoarding'? 

Well Mashed, we are at .12 today.  10X in just 3 months.  Another 10X and we will be just where TomHirsh said we'd be 1:1 @ 6 months.  Looks like he was right so far.  Happy bag-holding looks like it is paying off for him!!!!   Hahahahah. 

Did you study intellectual property law while everyone else was in spelling class?

I just don't want you to give 30MSC to some moron who made a meme and then think that you can claim 33MSC back from the project.  But if you give 30 of your own MSC to a guy who tells you he is Santa Clause - that is totally fine by me.  Carry on by all means.

JR - Max rose up above and beyond to make a market for us all.  Our tips were good, but definitely did not adequately compensate him.  If there is another pool of MSC to be distributed for the good of the project, I'd vote that Max takes a few of those because on his own volition he did make an interesting trading desk which works pretty well.  This is a great benefit to us all until the real exchange is operational.  

Those tips don't come close to what it is worth to us all to have a nice functional market today.  I'd be very disappointed if you didn't agree with me that his effort is worth about 100 - 200 MSC.  I hope the promotional pool isn't the only remaining give-a-way coin you've got.  Is it?

I am certain you won't be running this campaign. 

True enough.  But he didn't deserve the punishment of running a manual exchange either and he did a hell of a good job with that.  This guy: buymastercoin.com had big ambition to make a market and produced nothing.  Max now has a track record.  

btw, have you noticed that when max is active, the order book and message flow and completed transactions naturally take off and go crazy - and the minute max leaves, the market dies until tomorrow?  The market is really fun and dynamic, so long as Max is hooking everyone up with transaction help.   Once that guy goes to sleep - nothing gets done.

Max - I don't know you from Adam and I don't know whether or not you are smart.  But if you are a smart guy, could you please organize this so that JR doesn't have to think about it ever again.  We need him paying attention to functionality and not this damn thread about trading values - and promotional stuff.  We need a smart guy to run a kick-ass promotional campaign for ~400 MSC.  If that is Max, then please stand up.  

lol!  Sure, so now Luckybit gives 30 MSC to his friend for wearing a sandwich board on the streetside for 10 mintues and claims back 33 MSC from JR!!  I am not sure how this model is going to help the quality of the exposure gained. 

Why is it that you have to find someone you know?  Just buy the next offer at market prices.  Who cares if you know the guy.  The price is the price that one is willing to part with the MSC.  Its called a 'free market'.

JR - this is a very good idea and important task.  But you must not manage it.  Keep your eye on the ball.  Give the ~400MSC to some dedicated guy here with some intelligence and forget it.  Let him administer the promotion the best he can.  Maxmint has won the faith of many - I don't know whether he could operate to serve this task also.  But in any case, you can't do it.  You need to give your energy to the next contest.  

I also think you could leverage these ~400 to make a second contest.  Again, someone else could administer it.  But, when many people are competing for these funds, we'll produce a much bigger overall effect.  Forget tweets - well directed press releases are the way to go.  When those land on the right journalists, we will get plenty of the attention we could use.

Because I am not a communist who favors redistribution of wealth to the disadvantage of those who diligently invested in good time.

High powered tweets are still only worth a fraction of one MSC.  I'd say someone who has the capacity to produce excellent press release bits which attract the attention of journalists.  And still further, for intelligent people to talk to those journalists in a fashion which results in a news story of good quality.  If someone manages to a Wall Street Journal writer to cover MSC it should be worth 10 or 20 MSC.  

You don't understand what you are talking about.  If only 100 own and trade MSC - that is fine.  That doesn't limit the benefit it will bring to the people.  One of those MSC owners will take a MSC and convert it to 1Million shares of company stock and people can buy and sell those shares.  MSC ownership can be limited to 100 people while the functionality of the protocol can be enjoyed by millions.  It is not necessary that millions become owners of MSC in order for its value to rise.  


You are not very bright are you?

Pure, unmitigated genius.  Full stop.  

Please, don't volunteer to do anything.

Nonsense.  China (and others) tries to control free markets and produces a miserable result nearly everytime.  Rarely do these schemes ever produce that which is intended.  Smart traders digest the effect of the rules and trade on those.  Then the rule produces a side effect of miserable opposing consequence.  

Don't upset free trading.  When a spike comes, it will get settled by smart people who fix it via natural market forces.  No need to restrain trade.