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Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 28/01/2014, 21:29:23 UTC
BuyMastercoin.com is now available for sale. We have decided to move on to other Mastercoin projects, and can no longer operate the service due to time constraints.

The website is going as strong as ever before as we receive nearly 1000 unique visits each week, dozens of emails, and orders everyday. Much of this is thanks to our strong web presence and being on the first page of google for most anything mastercoin related. Additionally we have a subscriber base of 500 Mastercoin users which is growing every day. We have full google analytics since day one.

We have processed many thousands of MSC in orders, and while the market has been very volatile and non-liquid, we were still able to help nearly everyone to get mastercoins easily and there by help introduce new people to Mastercoin. Now that the market is more well established, we are hoping someone will leverage our huge influx of targeted traffic and existing subscriber base to help grow this great mastercoin community. Unfortunately we do not have the time to do so, however we are already working on other great Mastercoin projects.

If you are interested in the domain and for more information, please PM or email us on our website with an offer. Thank you.

-BuyMastercoin.com Team
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Board Altcoin Discussion
Re: MasterCoin: New Protocol Layer Starting From “The Exodus Address”
by
buymastercoin
on 28/01/2014, 21:20:29 UTC
BuyMastercoin.com is now available for sale. We have decided to move on to other Mastercoin projects, and can no longer operate the service due to time constraints.

The website is going as strong as ever before as we receive nearly 1000 unique visits each week, dozens of emails, and orders everyday. Much of this is thanks to our strong web presence and being on the first page of google for most anything mastercoin related. Additionally we have a subscriber base of 500 Mastercoin users which is growing every day. We have full google analytics since day one.

We have processed many thousands of MSC in orders, and while the market has been very volatile and non-liquid, we were still able to help nearly everyone to get mastercoins easily and there by help introduce new people to Mastercoin. Now that the market is more well established, we are hoping someone will leverage our huge influx of targeted traffic and existing subscriber base to help grow this great mastercoin community. Unfortunately we do not have the time to do so, however we are already working on other great Mastercoin projects.

If you are interested in the domain and for more information, please PM or email us on our website with an offer. Thank you.

-BuyMastercoin.com Team
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Topic
Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 17/12/2013, 00:47:55 UTC
We would like to respond to the recent comments on this thread, but first of all to say kudos to maxmint for setting up mcoin.io. This is a greatly needed tool, especially for us at BuyMastercoin.com. Liquidity has been a great issue so far in this economy, since most everyone is hoarding.

I'd like to start by saying that there are many of those selling Mastercoins on mcoin.io, the orderbook, and other third party sites for 0.3-10 BTC/MSC. Infact the average asking price is well above what we sell our Mastercoins. JR who holds ~30% of the coins has publicly stated he will not sell for less than 1 BTC/MSC, and if someone offered him that he wouldn't think twice to sell. Nobody is calling these people scammers.

I'd like to add that we have always fulfilled every single order we received and have responded to every single email. We attempt our best to acquire Mastercoins for our customers at a low price point but unfortunately there are barely any sellers. The orderbook is highly outdated, and it is impossible that every order that we receive we would go to the forum hoping to find someone who is online and willing to sell. Our stated goal is to provide a SAFE, EASY, and CONVENIENT way for customers to purchase small and medium amounts of Mastercoins, and we are proud of achieving this goal.

The idea that the orderbook denotes a "market price" is very misleading, especially with 90% being outdated orders. Considering the amount of Mastercoins we sell (and buy) if we were to purchase directly from the orderbook it would push the price sky high or dirt low because of the low market depth and limited availablility. Those who are willing to contact us before hand and setup a pre-order as opposed to an on the fly order receive better rates since it allows us time to acquire liquidity. For those who simply want to buy a mastercoin or two, our only option is to purchase directly from sellers who will not sell at artificial orderbook rates.

We have been the number one source for newcomers to easily acquire Mastercoins and have been helping boost awareness, knowledge and the availability of Mastercoin by creating new demand. Those who hold mastercoins should love us since we helped raise the price of mastercoin by bringing huge amounts of BTC into the market that otherwise wouldn't have come in.

Without us there would be no way for certain people to get Mastercoins since not everyone speaks english, has a bitcointalk account and trusts a google doc orderbook. We have processed more orders and volume than all other sellers combined. We teach people how to send and receive Mastercoins. So for those who feel we are "scamming" simply read the directions on our homepage, contact us for bulk rates, and you will be surprised at the low prices we can actually offer.

-BuyMastercoin.com
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Topic
Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 26/10/2013, 09:25:35 UTC
Why would you need to use the copy?  The alt-coins would be cheaper to acquire to use for the same effect.

You don't build Mastercoin2, you simply fork Mastercoin1 and there you go.  There is no advantage from network effect, everything can be cloned, and you have useless tokens.

Yeah! Just like what happened to bitcoin!

Oh wait . . .

The claim that Mastercoin1 will not become secondary to Mastercoin2, and using bitcoin as an example is really not the best argument. The community revolving Mastercoin1, the first to market exposure, and branding will all play a role in helping Mastercoin1. Unfortunately if bitcoin was premined among satoshi and co, and was hoarded in hopes of speculative riches, litecoin would be the big player today. People underestimate the adoption role distribution methodology serves. This is one of the key reasons Ripple has not received mass adoption by the bitcoin community so far (Not to say Ripple1 and Mastercoin1 won't be successful).

Additionally since the claim here is that Mastercoin is a unit of measurement, there is in fact a huge incentive for competing Mastercoin networks. In the end, the only advantage I see Mastercoin1 having is a speculative advantage which will probably pop along with the first big market crash. Associating a separate value to Mastercoins is a self-hindering feature which is really only there to serve an ROI pathway for the original investors (something which I recognize was needed for the crowdfunding to succeed, capitalizing purely on people's dreams and hopes of getting rich...not their altruistic motives). Yes I understand the claims of why mastercoins "NEED" a value, but it sounds to me more like circular logic and a crippled solution.


Colored Coin is a technology but it's design in my opinion is ugly and unnecessarily complicated. Maybe it will work but I don't see how it can work without the value going somewhere. If someone is issuing credit or currencies then it's got to be backed by something somewhere and represented somewhere. If it's backed by Mastercoins then you'd say it's represented by Mastercoins which act as the unit of measurement. If I wanted to issue a currency or credits through Colored Coin then perhaps it's possible but I don't know what their specification is or how they intend to do it. I'll believe it when I see a prototype.


Colored coin technology is actually superior to Mastercoins in terms of being "backed". You can color whatever amount of bitcoins you would like as a single unit, directly. So for example 15 btc = 1 goldcoin; that goldcoin is in fact 15 bitcoins forever.

Oh the other hand, Mastercoin proposes a controversial feature of escrow backed currencies which my economic sense tells me cannot work. The issuance is not being measured on the value of Mastercoins; in reality it is being measured by the MSC to BTC relationship since BTC is where the trust and redeemability exists today. So if for example you issues gold through mastercoin, potential for loss of trust and catastrophic collapse can occur on 2 levels, both if BTC losses value AND if MSC losses value.

Regardless the only way to truly back an asset in the REAL WORLD is to have that asset on hand, or hedge the position elsewhere (otherwise it's a bucket shop). No magic voodoo self fulfilling prophecy escrow account can change that, and if it could you'll see JR receiving a nobel prize.

So while colored coins is backed directly by bitcoin, Mastercoin issued coins are at much higher risk of speculative attack. That's not to say Mastercoins don't have their own advantages, but when it comes to representing value or a unit of measurement, MSC falls short.

Yes I do help run buymastercoin.com, yes I am realistic about the technology, NO I'm not hyping magic fairy tales of pots of gold at the end of the rainbow. Caveat emptor.
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Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 22/10/2013, 04:09:21 UTC
damn, 0.25 btc now?

We simply don't have anyone selling below that price, which is why we are looking for liquidity partners. Really wish JR would help out, all this hoarding is creating a bubble which is bad for mastercoin (especially when it pops).

Why don't you just buy some at 0.06?

That is only for 250 Mastercoins and our orders can be twice that size easily...after that it's pretty much 0.2 btc/msc if not higher. We need serious partners.
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Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 22/10/2013, 03:24:13 UTC
damn, 0.25 btc now?

We simply don't have anyone selling below that price, which is why we are looking for liquidity partners. Really wish JR would help out, all this hoarding is creating a bubble which is bad for mastercoin (especially when it pops).
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Topic
Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 22/10/2013, 02:47:56 UTC
Hello Mastercoiners!

We at buymastercoin.com are happy to announce that we have processed well over 40,000 USD in Mastercoin sales to date! This includes people who have bought using bitcoins, litecoins, and even cash!

Unfortunately we have exhausted nearly all our stock (at least which we were willing to sell short term) and we are presenting an opportunity for those who are interested to become a liquidity partner in our business. PM us or message us through our website and we will inform you of the details. Please include the amount of Mastercoins (minimum 500) and the minimum price rate at which you are willing to sell.

Thank you maxmint for all your support to help us get where we are!

http://buymastercoin.com

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Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 16/10/2013, 16:06:24 UTC
Hey JR, there's this guy who bought like 175,000 mastercoins at a really good price and owns like a third of all mastercoins in existance, you should contact him as he might be able to offer the market some liquidity Wink
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Topic
Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 15/10/2013, 22:44:02 UTC
There is one individual who did NOT follow the directions listed on our website and sent us the following txn of 1 BTC to our address:

https://blockchain.info/tx/48cbeb6c9212a83ced592d6cef78ab4b02bc67aefde8c9f54339dd670eb8d46f

Unfortunately he only contacted me today wondering why I did not send him the Mastercoins and it is because he has 3 input addresses and therefore I did not know which address to send the Mastercoins to, or whether or not this was a shared wallet and it was safe to return the funds to that address. Additionally he did not contact us prior to this and so we had no way to contact him. I am awaiting him to send me a receiving address for his Mastercoins.

All other orders have been filled in usually less than 4 hours, at most 24 hours depending on the size of the order.

...and what were you doing on the btc-e trollbox exactly Wink

http://www.buymastercoin.com
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Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 15/10/2013, 21:57:53 UTC
That's some interesting math Pouncer  Wink

Actually we have also been paid in litecoins, and much of the traffic you don't see since we are matching buyers and sellers directly and acting as an escrow service.

Additionally the price you see on the website is for very small orders, our internal order book requires a buyer to email us first for an exact quote price. So no it's not quite that high, infact it's much closer to maxmint's orderbook in terms of BTC/MSC current price.

I would like to say thanks to the community for their support, and we are also buying currently so if you are interested to sell to us directly or become a liquidity partner, please contact us on our website http://www.buymastercoin.com.

Over 5k MSC volume transacted as of today!
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Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 24/09/2013, 08:20:23 UTC
https://blockchain.info/tx/4b10a6567d7dd5e86cde1f92e2aba68500be300ab121046e120b25eba0a78356

Mastercoins sent. maxmint feel free to only send me 3.57 btc.

Thanks for the trade Pouncer.

http://www.buymastercoin.com
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Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 24/09/2013, 07:47:56 UTC
Mastercoin source address: 1HRE7U9XNPD8kJBCwm5Q1VAepz25GBXnVk
Bitcoin receiving address: 14gF4YGKxsPx7r5vC6FLTPP9MBTNvHHCyo
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Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 24/09/2013, 05:01:07 UTC
Approved. Awaiting maxmint's response.

200 MSC for 3.62 XBT
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Topic
Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 16/09/2013, 20:52:50 UTC
Available now:

1050 MSC @ 19 BTC (0.0181 BTC / MSC)

maxmint please add to order book.

http://www.buymastercoin.com
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Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 14/09/2013, 22:36:19 UTC
This was a real client, here is the transaction:

http://mastercoin-explorer.com/transactions/d9b69dddefcbec474a8d21fca1f03ac9212644444e6b99a95274a27b57f43b9d

And we've also dealt with multiple other clients through our website directly. Here are some of those transactions:

http://mastercoin-explorer.com/addresses/1HRE7U9XNPD8kJBCwm5Q1VAepz25GBXnVk

We even got 15 MSC directly from JR's giveaway for helping to spread the word:

http://mastercoin-explorer.com/transactions/54ed989d316b055893bb5b1f9ec2cd8955f8071ae897bd497bf5f62949ebdc11
https://bitcointalk.org/index.php?topic=272577.msg3123235#msg3123235

I'm not sure which negative feedback you are referring to, but we also had a successful public transaction on the forum using maxmint for escrow:

http://mastercoin-explorer.com/transactions/b2f7d89292ec531679a306420fec30ca0915e9f4605e6e5776a4b94f6dc107ba

So please like I've mentioned before if you have any concerns feel free to message us directly and we will answer any questions you may have. We are really trying to help Mastercoin succeed, especially considering the amount of MSC we own, and hope the MSC community will help us to facilitate growth for this great new cryptocurrency technology!
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Topic
Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 12/09/2013, 20:30:32 UTC
Great buyer, and funny enough all I asked was for him to post we had a successful transaction - clearly though he had a great experience lol. We are always happy to use escrow.
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Topic
Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 11/09/2013, 15:31:06 UTC
Super low sell offer now available:

1450 MSC @ .0249 BTC/MSC

Please add it to the orderbook maxmint, first come first serve. Happy to use maxmint for escrow.

http://www.buymastercoin.com
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Topic
Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 10/09/2013, 22:23:49 UTC
Actually the old offers still stand as they are from different sellers. If any offers are retracted I will update you. Thanks.
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Topic
Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 10/09/2013, 19:11:37 UTC
New sell offers are in:

250 MSC @ .0285 BTC/MSC
1125 MSC @ .030 BTC/MSC
632 MSC @ .033 BTC/MSC
800 MSC @ .045 BTC/MSC

We can sell a portion of any offer, though we will prefer to sell to a buyer who is offering to buy the entire amount in one transaction. We can use maxmint for escrow for all those who are interested or you can purchase directly from http://www.buymastercoin.com.

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Board Marketplace (Altcoins)
Re: MasterCoin Buyer/Seller Thread
by
buymastercoin
on 09/09/2013, 23:45:27 UTC
Mastercoin transaction sent.

https://blockchain.info/tx/b2f7d89292ec531679a306420fec30ca0915e9f4605e6e5776a4b94f6dc107ba

maxmint thank you for your help, feel free to send me 1.40 btc and keep the rest.

bitwhizz pleasure trading with you.

Feel free to subscribe to http://www.buymastercoin.com for future updates, we are working on advanced trading functionality for Mastercoins and MSC derived currencies.

Awaiting the transaction to confirm on mastercoin-explorer...