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Showing 9 of 9 results by mastercoin_foundation
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Board Announcements (Altcoins)
Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread
by
mastercoin_foundation
on 01/05/2014, 05:53:43 UTC
just a reminder to not use racist language or vulgar words on this thread.  also no trolling, if you want to troll please go to the XCP forum (joking).

your posts will be deleted.

also anyone quoting posts that meet deletion criteria without taking out those words will get your posted deleted as well to get rid of the offensive content. that means if you are feeding a troll, you might get you post deleted also - this is to your psychological benefit to avoid direct engagement with a troll.

Look at the cute puppy:

http://shechive.files.wordpress.com/2011/08/076.gif?w=500&h=284
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Board Announcements (Altcoins)
Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread
by
mastercoin_foundation
on 30/04/2014, 07:10:12 UTC
has this been resolved?   source: http://bitcoinpete.com/2014/04/16/ex-post-toronto-bitcoin-expo/

A couple of boys from Alabama under the “BitStore” banner found a way to upload an iOS app without submitting it to Apple’s App Store, effectively cracking the cartel and opening the ecosystem to Android-like development. This was less interesting than the insight from one of the BitStore guys who audited the code of OmniWallet, a Mastercoin web wallet that was shamelessly pumped all weekend despite being in “pre-alpha,” and found that OmniWallet stores user info and private keys unencrypted in plain text on its servers, making OmniWallet a Flexcoin waiting to happen. [↩]

To the best of my knowledge, this is absolutely 100% not correct. We'll wait for the U.S dev team to wake up and double check.

In any case, there are right and wrong ways to do security disclosure. The wrong way is posting it on in forum/blog, the right way is sending it to security@mastercoin.org (I'm not pointing a finger at you you, but rather at the team who did the so called 'audit').

We have a security program - if anyone actually finds a security concerns, they get rewarded.

This is definitely not true, and was never true.  Anyone spreading false rumors faces legal liability in civil court.

I guess we have found a new revenue stream to fund our legal and regulatory engagement team- just kidding.  Cool

I think that it's you guys that will be facing legal liability lol.... Anyway can't see a reason mods have deleted this post except to misguide investors so I'll post it again and keep posting it everytime it's deleted. If I'm making false claims in this table mathematical mistakes can be easily dis-proven  Cool

I think it's worth noting for the devs here that Mastercoins business model is inherently floored and unattractive to anyone looking to issue digital tokens. The table below shows what % of the entire free market  Huh of Mastercoins have to be purchased in order to have a succesful asset issuance.

It also means that by their model they have to fix the price depending on how many assets are to be issued, and significant value is lost from the investment pool into the hands of Mastercoin holders.

Mastercoin Price                      Madesafe per Mastercoin                      Mastercoin required for IPO                %of mastercoin in existance                                      
0.001 (real value, pre ipo)                    17                                                        25264513                                         4000%
0.06 (maidsafe move price 1)                1020                                                      421075                                            68% (lol)
0.08 (maidsafe move price 2)                1360                                                      315806                                            51%
0.2  (crowdsource incentive price)     3400                                                                  126322                                                       20%  

Maths for madesafe per Mastercoin = Bitcoin conversion price*Mastercoin price
Maths for mastercoin required for IPO = 429496729.6(maidsafe issued)/madesafe per mastercoin
Maths for % of mastercoin in existence = (mastercoin required for IPO/619478.6(mastercoin exist))*100

This is totally fine to post if you stick to the facts and your opinions.  But the second you use vulgar language, anything that is  plain rude or anything that is defamatory, I reserve the right to delete.  Perhaps improve your manners.

Have a nice day.
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Topic
Board Announcements (Altcoins)
Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread
by
mastercoin_foundation
on 30/04/2014, 06:38:16 UTC
has this been resolved?   source: http://bitcoinpete.com/2014/04/16/ex-post-toronto-bitcoin-expo/

A couple of boys from Alabama under the “BitStore” banner found a way to upload an iOS app without submitting it to Apple’s App Store, effectively cracking the cartel and opening the ecosystem to Android-like development. This was less interesting than the insight from one of the BitStore guys who audited the code of OmniWallet, a Mastercoin web wallet that was shamelessly pumped all weekend despite being in “pre-alpha,” and found that OmniWallet stores user info and private keys unencrypted in plain text on its servers, making OmniWallet a Flexcoin waiting to happen. [↩]

To the best of my knowledge, this is absolutely 100% not correct. We'll wait for the U.S dev team to wake up and double check.

In any case, there are right and wrong ways to do security disclosure. The wrong way is posting it on in forum/blog, the right way is sending it to security@mastercoin.org (I'm not pointing a finger at you you, but rather at the team who did the so called 'audit').

We have a security program - if anyone actually finds a security concerns, they get rewarded.

This is definitely not true, and was never true.  Anyone spreading false rumors faces legal liability in civil court.

I guess we have found a new revenue stream to fund our legal and regulatory engagement team- just kidding.  Cool
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Topic
Board Announcements (Altcoins)
Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet
by
mastercoin_foundation
on 23/04/2014, 16:24:17 UTC
So MSC = master coin what is the code for maidsafecoin?

Forgive me if this has been answered somewhere already.

msafe i believe
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Topic
Board Altcoin Discussion
Re: Maidsafe
by
mastercoin_foundation
on 23/04/2014, 15:41:55 UTC
bad examples.

more accurate:
- you lend your ipad to a known child rapist because he wants to "download some stuff".
- you are a truck driver and get hired by a columbian drug cartel to "transport some stuff".
- you are a knife manufacturer and get a big order by an organization called "the children of ted bundy" because they want to "peel some stuff".
- you know that this maidsafe network will first of all be a welcome distribution network for all kind of disturbing and illegal content. still you decide to become part of it.

you're coming up with the same excuses that made the holocaust possible. "i'm not the one pulling the trigger. i'm only providing the weapon. so that's fine i guess."

one can therefor make the same argument about bitcoin. in fact a huge portion of bitcoin tx are for gambling... so I hear
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Topic
Board Announcements (Altcoins)
Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread
by
mastercoin_foundation
on 19/04/2014, 11:10:41 UTC
Note that any posts that could be seen as market manipulation, as groundless accusations by trolls hired by trading firms, as slander or as defamation of character of any org or person shall be deleted as soon as I see them.

Keep the conversation civil, use facts, logic and the scientific method when arguing.  

Do not bear false witness.  Think about that means for at least 30 minutes.  Wink

Thanks in advance.

Have a happy Easter weekend and 4/20 Earth Day.
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Topic
Board Announcements (Altcoins)
Re: The Official Mastercoin Foundation & Mastercoin Thread
by
mastercoin_foundation
on 06/04/2014, 13:01:26 UTC
I would like to confirm that mastercoin_foundation is our official new bitcoin user.

This should be the single thread on bitcointalk for Mastercoin (MSC) updates.
Other threads can be found on mastercointalk and the developer Google Group, as well as our blog.
Is this thread mainly the foundation announcement thread? A copy of the blog?


it's replacing the previous thread which only JR could moderate, and it was felt that his time is better spent on working on the protocol rather then moderating trolls Smiley
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Topic
Board Announcements (Altcoins)
Topic OP
The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread
by
mastercoin_foundation
on 05/04/2014, 07:40:54 UTC
Welcome to the official Mastercoin Foundation thread where all things related to the Master Protocol and Mastercoin are discussed. If you have a question feel free to post it and one of our team members will get back to you.

RULES: Absolutely NO TROLLING on this thread.  No name calling, no vulgar language or unsubstantiated accusations that would be meant to defame any person or organization.  Any post that does not follow these rules will be deleted without question. 

Below is a comprehensive list of resources to help you better find the answers you seek.

Do you have a question that needs our immediate attention? Please visit http://www.mastercoin.org and click the support button on the top left side of the page to file a ticket.

Mastercoin Wallets: http://www.mastercoinwallets.org

Learn how to install the Masterchest Windows Wallet: http://masterprotocoleducation.org/how-to-install-the-masterchest-windows-wallet/

Master Protocol Blog: http://blog.mastercoin.com/

Master Protocol Education: http://masterprotocoleducation.org/

Master Protocol Code: http://wiki.mastercoin.org/index.php/Github_Repositories

Master Protocol Specification: https://github.com/mastercoin-MSC/spec

Master Protocol Wiki: http://wiki.mastercoin.org/index.php/Main_Page

Master Protocol FAQ: http://wiki.mastercoin.org/index.php/FAQ

Dev Project Boards: http://wiki.mastercoin.org/index.php/Developer_project_boards

Verification API: http://wiki.mastercoin.org/index.php/Verification_API_endpoints

Wallet Exchange Integration:
http://wiki.mastercoin.org/index.php/Exchange_%26_Wallet_Integration_Guide

The Emerging Wave of Decentralized Applications (White Paper)
https://github.com/DavidJohnstonCEO/DecentralizedApplications/blob/master/README.md
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Board Archival
Topic OP
The Not Official Thread
by
mastercoin_foundation
on 05/04/2014, 07:34:18 UTC
It all started here... on bitcointalk.

New thread created so we can mod it properly.