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Few words to the sellers:
Few days ago the price at masterxchange.com was 0.26. The total amount of buy orders was about 40 MSC.
Then someone posted 200 MSC at a lower price and another posted 100 in a lower price again and so on.
I mean, come on...
It is a free world of cause and anyone can do whatever they want, but people! think before you do stupid things...
Unless you need the money for some urgent stuff, please, sell 10/20 at a time.
You will get much more and you will only need to wait one or two weeks.
MSC still doesn't have the sufficient eco system. It is like a new company that just raised its money.
Companies at this phase are not traded on stock exchanges in the old economy.
Shareholders are expected to be responsible and reasonable.
What do you think will happen if JR Willet for example will decide to sell all his MSC at once?
If you look for quick money - go play with dogecoins or nxt.
Few days ago the price at masterxchange.com was 0.26. The total amount of buy orders was about 40 MSC.
Then someone posted 200 MSC at a lower price and another posted 100 in a lower price again and so on.
I mean, come on...
It is a free world of cause and anyone can do whatever they want, but people! think before you do stupid things...
Unless you need the money for some urgent stuff, please, sell 10/20 at a time.
You will get much more and you will only need to wait one or two weeks.
MSC still doesn't have the sufficient eco system. It is like a new company that just raised its money.
Companies at this phase are not traded on stock exchanges in the old economy.
Shareholders are expected to be responsible and reasonable.
What do you think will happen if JR Willet for example will decide to sell all his MSC at once?
If you look for quick money - go play with dogecoins or nxt.
Hi all,
I want to comment on the buymastercoin topic.
First of all - I don't know the operator of the site - I am speaking for myself only.
There are other sites like this for Bitcoin as well, you can look at:
https://www.coinmama.com/#buy
ebay, etc.
All of them are selling bitcoins for a very high rate.
I think that these sites are legit:
These sites serves as a short cut for people that just don't do or don't want to do their homework.
These kind of sites are serving a good purpose, not everyone should know the forums and trust this forum price, especially newcomers that wants to get on the train before it leaves, and don't have the time to learn.
The same thing happens in my bank as well - the interest rates for deposits are always lower than the interest rates I can get if I buy state bonds.
This is how economy works.
I also think that the mastercoin foundation didn't do any harm in publishing it. As a follower of mastercoin from its first day, I can say that they published it in mastercoin.org when nothing else was happening as a PR for mastercoin eco-system.
The Google spreadsheet was always published as well.
Just because someone (very smart I guess) is making money doesn't make him a thief.
Hope this helps.
I want to comment on the buymastercoin topic.
First of all - I don't know the operator of the site - I am speaking for myself only.
There are other sites like this for Bitcoin as well, you can look at:
https://www.coinmama.com/#buy
ebay, etc.
All of them are selling bitcoins for a very high rate.
I think that these sites are legit:
These sites serves as a short cut for people that just don't do or don't want to do their homework.
These kind of sites are serving a good purpose, not everyone should know the forums and trust this forum price, especially newcomers that wants to get on the train before it leaves, and don't have the time to learn.
The same thing happens in my bank as well - the interest rates for deposits are always lower than the interest rates I can get if I buy state bonds.
This is how economy works.
I also think that the mastercoin foundation didn't do any harm in publishing it. As a follower of mastercoin from its first day, I can say that they published it in mastercoin.org when nothing else was happening as a PR for mastercoin eco-system.
The Google spreadsheet was always published as well.
Just because someone (very smart I guess) is making money doesn't make him a thief.
Hope this helps.
Maybe, but we also need to keep the PR momentum of Mastercoin going, and having it on an exchange will be a good way to go about this.
The "PR momentum" (aka 'pumping') is only useful for speculators. 'Pumping' mastercoin with good press is just plain dumb. The only thing Mastercoin needs is - to work. We've got to get it to work. Then, we've got to get it to work well. As soon as that happens, the reputation will come like white on rice. We don't need to pump up the reputation with PR before it works. Let's get the damn thing working and quit working on pumping up the reputation. Well, unless you are a speculator looking for a quick profit. Then, pump away!!!The main effort right now should be a user-friendly and secured client.
PR is nice, but MSC that does what it should is much nicer.
Hello guys,
As most of the people here I got really interested by mastercoin features in the recent months, however the google doc "order book" is not an very simple solution to trade mastercoin, and I feel that neither is the buymastercoin website which for many reason seems like the official recommended solution.
Thats why we have started developing an "real" exchange (where people can set up their own prices) for mastercoins / bitcoins which should be ready hopefully in a few days. Most of the development is done and we are just testing the system right now. So until the distributed exchange is there we will be offering a convenient way to trade mastercoin, hopefully helping in the price discovery process and proposing a fairer price than the current easy to use solutions.
Ps : I am not in any way related to the mastercoin fundation or do have any mastercoin. Also note that we are doing this project outside of any official mastercoin bounty.
As most of the people here I got really interested by mastercoin features in the recent months, however the google doc "order book" is not an very simple solution to trade mastercoin, and I feel that neither is the buymastercoin website which for many reason seems like the official recommended solution.
Thats why we have started developing an "real" exchange (where people can set up their own prices) for mastercoins / bitcoins which should be ready hopefully in a few days. Most of the development is done and we are just testing the system right now. So until the distributed exchange is there we will be offering a convenient way to trade mastercoin, hopefully helping in the price discovery process and proposing a fairer price than the current easy to use solutions.
Ps : I am not in any way related to the mastercoin fundation or do have any mastercoin. Also note that we are doing this project outside of any official mastercoin bounty.
+100
looking forward to work with it!
a question: how can we know we can safely transfer funds to your exchange?
Are you going to leave some BTC as escrow here?
There were just too many horror stories lately...
Order book updated
I'm going to buy 85 MSC @ 0.098, please update that.
As BTC goes so much high, a 0.17B MSC actually costs $170, that's too high in dollars!
Actually, 98$ each is high too, that costs nearly 3 LTC, and MSC has yet published formally in exchanges.
As BTC goes so much high, a 0.17B MSC actually costs $170, that's too high in dollars!
Actually, 98$ each is high too, that costs nearly 3 LTC, and MSC has yet published formally in exchanges.
Remove my order please
I would like to sell 20 MSC at 0.17.
Plese add this order to the order book.
Thx
Plese add this order to the order book.
Thx
I gonna buy 5 BTC MSC at price 0.17 (which is 28.57MSC totally) please add my request .
AND if there is a valid escrow in our forum i wanna pay 0.05BTC as escrow fee .
AND if there is a valid escrow in our forum i wanna pay 0.05BTC as escrow fee .
Pouncer, p2pbucks asked to buy 28.57 MSC and not 5.
I'm going to buy 85 MSC @ 0.098, please update that.
As BTC goes so much high, a 0.17B MSC actually costs $170, that's too high in dollars!
Actually, 98$ each is high too, that costs nearly 3 LTC, and MSC has yet published formally in exchanges.
As BTC goes so much high, a 0.17B MSC actually costs $170, that's too high in dollars!
Actually, 98$ each is high too, that costs nearly 3 LTC, and MSC has yet published formally in exchanges.
First of all - good luck with your purchase.
I have to comment on your post though:
Dollars are becoming worthless each day that passes... BTC is the way people measure prices these days, especially in the crypto currency world. If MSC will succeed it will worth much more than BTC, so IMHO 0.17 is a very, very low price.
Re: mastercoind proposal to speed development: Please read, vote, and comment
Hi,
I think that writing mastercoind is an excellent idea, and I have an idea for improvement:
I think that the best way to implement this is by making mastercoind use bitcoind as a backend.
Just like HTTP implementations are using Berkeley sockets and not rewriting them.
The benefits we get by choosing this architecture are simplicity and more important security.
We can now assume that bitcoind is a very secured piece of software.
Few days ago I saw a lecture by Gavin Anderssen where he said that the bitcoin-qt had a lot of security holes in it's early days.
We can't afford security holes in mastercoind, it will not be under the radar like bitcoin-qt in it's early days.
I think that writing mastercoind is an excellent idea, and I have an idea for improvement:
I think that the best way to implement this is by making mastercoind use bitcoind as a backend.
Just like HTTP implementations are using Berkeley sockets and not rewriting them.
The benefits we get by choosing this architecture are simplicity and more important security.
We can now assume that bitcoind is a very secured piece of software.
Few days ago I saw a lecture by Gavin Anderssen where he said that the bitcoin-qt had a lot of security holes in it's early days.
We can't afford security holes in mastercoind, it will not be under the radar like bitcoin-qt in it's early days.
Good point, I'm aiming for the level of security to at least match bitcoind. From a remote exploit prevention, mastercoind is written in python using cherrypy. This fact makes certain types of exploits less likely (e.g. buffer overflows, and other things that could plague writers in lower level languages like C/C++ if they aren't careful with their string length checking). Other vulnerabilities, such as SQL injection, are still possible, and from there it's good coding practices, and doing extensive cleanup/sanity checking on user-provided input (the lack of which is always what leads to these kinds of attacks, essentially).
Then you have things like stored data security. For now at least, RPC username and password are stored in a plaintext settings file, similar to bitcoind. We can look at changing this in the future, however. If something very sensitive is required (such as private wallet key for signing requests), then I plan to collect that as part of the request and not store it, if at all possible.
What I was trying to say is that mastercoind should call the API of bitcoind to make the actual low-level bitcoin/mastercoin transactions, this way we reduce the security risk even more.
This is because we can assume that bitcoind is very secure.
Also, good to hear that security is one of your main concerns. Programmers often ignore security issues. In such application that deals with money security is a top priority concern.
Re: mastercoind proposal to speed development: Please read, vote, and comment
Hi,
I think that writing mastercoind is an excellent idea, and I have an idea for improvement:
I think that the best way to implement this is by making mastercoind use bitcoind as a backend.
Just like HTTP implementations are using Berkeley sockets and not rewriting them.
The benefits we get by choosing this architecture are simplicity and more important security.
We can now assume that bitcoind is a very secured piece of software.
Few days ago I saw a lecture by Gavin Anderssen where he said that the bitcoin-qt had a lot of security holes in it's early days.
We can't afford security holes in mastercoind, it will not be under the radar like bitcoin-qt in it's early days.
I think that writing mastercoind is an excellent idea, and I have an idea for improvement:
I think that the best way to implement this is by making mastercoind use bitcoind as a backend.
Just like HTTP implementations are using Berkeley sockets and not rewriting them.
The benefits we get by choosing this architecture are simplicity and more important security.
We can now assume that bitcoind is a very secured piece of software.
Few days ago I saw a lecture by Gavin Anderssen where he said that the bitcoin-qt had a lot of security holes in it's early days.
We can't afford security holes in mastercoind, it will not be under the radar like bitcoin-qt in it's early days.
Re: Proposal for Standardizing the Distribution Rate of Dev MSC via the MSC Protocol
I think perhaps it is time to convert more of our BTC to MSC. I'd rather have MSC in a rainy day fund than BTC anyway. As you say, giving away BTC attacts people more interested in BTC, and I'd rather the foundation hold MSC than BTC.
Here's my crazy proposal:
1) Keep only the 1000 BTC we've already moved into offline wallets
2) Use the remainder of our BTC to purchase MSC over the next few months on the distributed exchange
3) Pay all future bounties exclusively in MSC
4) Keep half of our MSC money for a rainy day and/or future distributed bounty system
5) If our rainy day fund becomes excessive, we can always vote to lower the ratio later
I realize that this would potentially make all of our existing investors absurdly wealthy, but, well, the stated purpose of the Mastercoin Foundation is to serve the holders of Mastercoins, and I'm having a hard time seeing this course of action as anything but a huge positive for them, as long as we do it transparently and over a long enough period of time that nobody who wants to sell to us is left out.
Also, MSC prices would probably go up to the point where I'd sell 1% and quit my job to work on MSC, which I hope would also be in the best interests of our investors.
Here's my crazy proposal:
1) Keep only the 1000 BTC we've already moved into offline wallets
2) Use the remainder of our BTC to purchase MSC over the next few months on the distributed exchange
3) Pay all future bounties exclusively in MSC
4) Keep half of our MSC money for a rainy day and/or future distributed bounty system
5) If our rainy day fund becomes excessive, we can always vote to lower the ratio later
I realize that this would potentially make all of our existing investors absurdly wealthy, but, well, the stated purpose of the Mastercoin Foundation is to serve the holders of Mastercoins, and I'm having a hard time seeing this course of action as anything but a huge positive for them, as long as we do it transparently and over a long enough period of time that nobody who wants to sell to us is left out.
Also, MSC prices would probably go up to the point where I'd sell 1% and quit my job to work on MSC, which I hope would also be in the best interests of our investors.
JR,
As an investor of Mastercoin and as someone who cares about this project I just don't agree to this approach.
Let's be honest with ourselves: the reason that MSC currently worth money is mainly (or practically only) because of the BTC invested in it. The intellectual property of MSC is still very low. We have nice ideas which are not yet implemented and there are only few experimental websites and few experimental wallets and that's it. The number of developers that are currently working on the project is still very low.
The echo system of MSC is very close to zero.
This is why I think that selling the foundation BTC will kill the project.
BTC has value that attracts people. It can be converted to any fiat currency, it's price is rising. Investors are looking at this and understand that the foundation has the ability to make this ambitious project happen - this is the reason that MSC worth money at the moment IMHO.
Like everyone else in the world - I love easy money, but this idea just confuses me.
This idea reminds me of USD - printing money out of air.
If the foundation is going to be left without BTC - why we even raised it just few months ago?
B.T.W
I think that we need to have at least 1 million USD as fiat money, to reduce BTC risk
Re: Is Mastercoin bloating the blockchain and what we can do about it?
I suggest that instead of sending a micro payment to the exodus address, we can enforce sending a bigger amount.
This extra money can be really significant if Mastercoin will gain popularity (if not the spam will be irrelevant).
The extra money can be used to support the Bitcoin foundation (like R&D for scaling up the block-chain, etc.).
This extra money can be really significant if Mastercoin will gain popularity (if not the spam will be irrelevant).
The extra money can be used to support the Bitcoin foundation (like R&D for scaling up the block-chain, etc.).
Hi,
I can confirm this issue.
I have a sokcet.io connected to mtgox in nodejs environment.
I also get the same behavior.
I now consider to use their REST API, since this behavior is unacceptable for production.
Hope this helps,
Ofer
I can confirm this issue.
I have a sokcet.io connected to mtgox in nodejs environment.
I also get the same behavior.
I now consider to use their REST API, since this behavior is unacceptable for production.
Hope this helps,
Ofer
Hi,
can you please approve me?
I wrote a lot of nodejs code that integrates with different exchanges and sites like blockchain.info and bitcoincharts.com.
there is someone who asked for help in:
https://bitcointalk.org/index.php?topic=285578.0
and i can help him...
Thanks!
can you please approve me?
I wrote a lot of nodejs code that integrates with different exchanges and sites like blockchain.info and bitcoincharts.com.
there is someone who asked for help in:
https://bitcointalk.org/index.php?topic=285578.0
and i can help him...
Thanks!