but how would you implement the rates api in OpenCart?

Posted From bitcointalk.org Android App

If it doesn't already exist, how can we use the BitPay's Exchange rates [ https://bitpay.com/bitcoin-exchange-rates ] as a means of automatically pulling a current BTC exchange rate for presenting BTC prices to shoppers in OpenCart [ http://www.opencart.com ].

I ask, because I have the BitPay payment extension [ https://github.com/bitpay/opencart-plugin ] set up, but this doesn't provide a means of automatically pulling a current BTC exchange rate for presenting BTC prices to shoppers.

I write gentle introduction to transaction scripts, while learning them for myself.
I think this is overdue for the average developer.
Please give feedback (google docs comments) on mistakes and improvements you find useful.

This is all bordering in ridiculous in that none of these coins have been shown to have a real implementation in the wild.   People are betting on untested prototypes! 

Mastercoin - doubtful how this approach of protocol layering prevents double spending.
NXT - Closed source implementation.  Does anyone have any idea of how this actually works?  How fair is the distribution when all coins were bought for a mere 21 BTC.
Colored Coins - Fortunately, they don't have a ridiculous buy in vehicle to support their work.
Bitshares -  So these folks use a bitcoin like clone to raise funds.  They are redoing everything from scratch.  Anybody's guess that this even works out.
eMunie -  I heard about it 6 months ago, not certain if their multiple simultaneous block chain forks really work.


Anyway, my plan for iXcoin (The Internet eXchange Coin) is dirt simple.

Stick with tried and proven Satoshi Nakamoto bitcoin technology and layer on top of it Colored Coins.

iXcoin surprisingly has already secured 1/2 of all bitcoin network hash rate.  So any financial instrument you layer on top of iXcoin will automatically get the tried and proven security of 1/2 of the bitcoin proof of work scheme.     Mastercoin, NXT, Bitshares and eMunie don't even come close to this kind of security.

Furthermore, each coin is dirt cheap, so using is as a platform for Colored Coins makes more sense.

Anyway, keep informed with iXcoin developments at www.ixcoin.co

just spotted an alt coin trading on cryptsy against litecoin as MasterCoin (MST). Im presuming its completely unrelated? seems confusing or is that the intent?

Taariq,

I really appreciate the response, and thank you for showing interest. I understand that Ron and the board members are busy people, but for something as big as the future direction of Mastercoin development, I had honestly hoped that someone from the board would have reached out to me and given me 30 minutes of their time. So far this has not happened yet.

I wrote this proposal. I've spent about a week so far developing masterdaemon (and working with zathras to lend suggestions on enhancing his library). I've spent hours and hours commenting and trying to add value to the forum posts and plan for Mastercoin growth. I even volunteered to fly out to Las Vegas to meet Ron and David at the conference on my own dime. And I am a busy person as well, already working 50 hour weeks on growing my own business. I emailed info@mastercoin.org ...twice I believe. Ron's last reply totally ignored what I had written, along with the community feedback provided in support of it. No reply in the forums, no PM, nothing... not even anything to say "let's talk later, I'm exhausted". You have to understand the risk that I was willing to take on to see this project successful. However, based on this (lack of) response from the board, I can't say I'm very interested anymore at this point in time.

That being said, I will be stopping masterdaemon development until I see something that helps me regain my faith in this project's ability and interest in leading a professional development effort. Ron calling me would be a good start. He has my number. I'm sure he can find 10 minutes in his schedule.

Nonetheless, the current (largely written and largely not tested) masterdaemon code is at: https://github.com/rbdrbd/masterdaemon
The documentation is at: http://masterdaemon.readthedocs.org/en/latest/index.html

Someone can feel free to fork it and continue development (I will even do knowledge transfer). I really think Mastercoin needs this project to really build a basis of a solid ecosystem, for reasons I have outlined at https://bitcointalk.org/index.php?topic=344229.0. Hopefully the board sees this too, although I am not sure that's the case, to be honest.

You have to understand that I still do want this project to be successful very much, and I believe in the idea behind Mastercoin. However, at this point, my faith in the ability of the leadership to handle this task is lacking, although I would absolutely love to be proven wrong. I'm not upset, just disappointed.

Thank you again for reaching out. I will be monitoring developments and may become involved again at some point. Best of luck.

-Robby

Guys, here’s my pie in the sky proposal. I wanted to throw it out there as a starting point in how to get this project back on the tracks and moving forward. I invested time into this proposal, as well as discussing it with my business partner, so I would highly appreciate if someone from the board would take 10 minutes and speak to me directly about it, even if the answer is a "no".
---------------
I think we can pretty much all agree that the 900lb problem with things at the current point is that there is no dedicated dev team, and there is a lack of process control/procedure. The current devs we have have done a great job getting us to this point, but they are only working part time (due to their perfectly understandable need to sustain themselves and pay their bills). We sorely need a dedicated team that can work on the core part of Mastercoin, and serve as a lynchpin over which the community ecosystem can form.

Our background

I happen to be an entrepreneur that runs a 15-20 person company (exact size fluctuates and it’s been rapidly growing lately) that both provides services and software for medium to large enterprises. My company has a demonstrable and proven history -- which I can disclose at the proper time, if this gains interest -- in developing software products for numerous Fortune 100 companies and the government, and managed services that we sell for 400-600K per year per client, with very high quality and up-time requirements, and very stringent process control (we play with the big boys). We have a dedicated dev team of 3 developers, and around 10 other engineers. We are entirely self-funded and profitable, with no debt.

I have over 18 years of professional software development experience, and have experience building and running numerous development teams (both on-site and distributed). I have written and sold software and IP that is in use by companies like Samsung, Nestle Waters, US FAA, US DOD, Cisco, etc. (the latter being an actual Cisco product that I developed for them). My business partner, with whom I have worked with for over 14 years in a variety of capacities, is a Cisco CCIE with experience as a CTO for a 1000+ person company, as well as at a number of startups. We have been watching and have both formed quite an interest in virtual currencies.

The proposal

In the interests of taking action and keeping Mastercoin at the forefront, I’m going to put forward a somewhat aggressive proposal here to the community and the board. For the right incentive (which I will get into), we will do the following:

• Hire and incubate a small dev team. Probably start with one team of 2-5, then grow. I have a highly qualified dev I could assign over full-time from my ranks immediately (as well as another one I could enlist as-needed). I am also in touch with a highly talented bitcoin developer in the community that is interested, plus we could utilize the existing mastercoin developers if they are interested (Tachikoma, zathras, etc). My company has a talented in-house recruiter as well if we need to bring in other folks. The goal is NOT to take over mastercoin development, or shut out the current developers, but to give Mastercoin that dedicated "core-team-in-a-box" it needs at least at this time, to allow it to move forward. Like I said, existing developers are welcome to join, if full-time makes sense for them.
• Dev team would utilize scrum (e.g. sprint.ly and github). I could serve as the team lead if the board and community desired. We could fold the PM that Ron is bringing on into this team, or if necessary assign one of our own existing PMs over to it.
• We take my masterdaemon I'm working on, convert zathras or tachikoma's code to python and strap it in (or use the integration with zathras’ library itself that’s already built-in), and make that the reference client. It would work just like bitcoind for bitcoin -- docs in development are at http://masterdaemon.readthedocs.org/en/latest/index.html, code is on github).  Existing library development would continue as-is, but I believe the team needs a reference library/client to focus on at least for now, to avoid duplication of efforts (do not confuse this with me trying to pick favorites among the developers - the choice would be purely what makes the most technical and time sense)
• The team will focus on this client/library and other core tools first, and whatever else makes sense second.
• We would institute coding standards and QA standards, have 2-4 week dev cycles, burndown chart, community feedback procedures/policy to get and order items on the task backlog, etc.
• We would also implement the recommendations killerstorm made (in our client and working in conjunction with the other devs). I noticed the same problems he did and they are good recommendations.
• It would take probably around 3-4 weeks to get this in place if doing it full-time. I have a lot of it already done for our existing dev team.
• A separate LLC would probably be formed to do this. Team salaries could be paid for from the existing Mastercoin fund, or we may even pay our own internal guys ourselves for this initial period, if the incentive was generous enough.
• Our team would work off of the task list ordered by the community and the Mastercoin foundation members, in a democratic process. Beyond this, we would have final say over the running of our own team (as well as the people chosen). This is non-negotiable -- we need latitude to best run our team without a heap of politics -- let the performance speak for itself. However, what we work on is largely dictated by the community and board, and the Mastercoin foundation would of course be free to form a second dev team to work on complementary efforts, as they see fit. Our teams would coordinate via the PMs.

We actually specialize in getting into really messed up multi-million dollar projects/situations and getting a handle on them. I can point to several examples, with large hospital chains, commercial banks, etc. I have made all of these recommendations earlier, but it fell on deaf ears. I am bringing this up again now because I look at where this project is at, and straightening things out is something that could easily be handled with the right approach. We should have a bitcoin expert on the team, but beyond that, we can utilize developers with more commodity skillsets, since they will be building on standard interfaces such as JSON-RPC and SQL. We deal with this stuff every day, day in and day out.

What do we get out of it?

As part of doing this, we would commit to at least 6 months to 1 year of working on Mastercoin, and, upon the condition of this period being fulfilled, as well as multiple established milestones set by the community being reached during that period, our group would be entitled to some amount of MSC (and possibly BTC) from the dev MSC fund and/or JR as a reward. Depending on where things are at after this period, we can continue to move things along for much more modest pay, or collect our check and transition out of it -into the Mastercoin's foundations own dev teams and/or the community development community (which will be much more mature by that time, no doubt).

If there are any 3rd party devs on our team, a similar deal could be set up with them.

According to this link: http://mastercoin-explorer.com/addresses/15WrQhYhHts7jTMoGJ9rDCD12JuCTKy7MM

JR received around 53,000 mastercoins as a bonus alone (which, in itself is controversial to some members of the community – given he controlled the wallet he sent the funds to and thus had an arguably lower risk). Moreover, the Mastercoin dev fund will have 50-something thousand vesting on top of that. There is both ample Mastercoin and bitcoin here to carry this out and ensure that that Mastercoin retains and grows value in the long run. JR will still have way too many mastercoins () and the community gets a solid effort with a good chance of success.

As entrepreneurs, we are motivated by upside. This is risky, and I am potentially putting the health of my company up for grabs because I so believe in this idea. Thus, I want a large upside.


Benefits

The benefit from the community is clear:

• A dedicated dev team backed by individuals with proven experience is immediately formed
• The team quickly moves forward on keeping Mastercoin’s first-mover advantage
• If the team does not perform, it does not get paid
• The risk to the community is quite low (definitely much lower than the alternative of doing nothing)
• The community retains say over the order of features implemented, and the general development direction of Mastercoin

At the right time (i.e. if the board is interested in this proposal), I would be open to naming my company, and allowing the community to look us up.

-Robby

This is an interesting idea, and I applaud J.R. for his transparency and for sharing his ideas with all interested parties. I do, however, have some concerns:

[snip]

2) The Mastercoin Foundation already has (or will have) a massive amount of MSCs vesting over the next few years. Selling the majority of BTCs for MSCs makes absolutely no sense from a risk management standpoint. The Mastercoin Foundation has massive exposure to MSCs already.

1. How much do you bet?
2. Mastercoin distributed exchange is for MSC<->BTC trading, this one is for trading securities. It isn't the same thing, is it?
[snip]

"Mastercoin supports creating property tokens to be used for titles, deeds, user-backed currencies, and even shares in a company. Whenever property is created, it gets assigned the next available currency ID, so any property can be bought, sold, transferred, and even used for betting, just like other Mastercoin-derived currencies."

Thanks Taariq, I am sending you a PM - also hoping to make more details public within the next week or so.

Great news. Congrats Taariq.

Now to some exciting news.

The Mastercoin Foundation asked me to review the candidates and select a "Smart Property Lead / Evangelist".

I want to thank all the people that applied for the Mastercoin Foundation Smart Property Lead position. I was glad to talk with each of you individually and hear how passionate you are for contributing to the Mastercoin open source project.

After interviewing all the candidates and much consideration I've selected Taariq Lewis for the position. Many of you might recognize Taariq from his interview on CCTV. He is passionate about Bitcoin and developing one of the first projects on top of the Mastercoin Protocol smart property feature.

Taariq will be serving at the point person for the Smart Property feature in the sense that he will be talking with other developers that want to build on top of the MSC protocol smart property feature, gathering community input, and bridging a dialog between the awesome developers coding it up and those that want to use the feature.

Here is his Linkedin profile to see his back ground: www.linkedin.com/in/taariq
Preferred channels:
Email: taariq.lewis@gmail.com
Phone: (646) 479 - 6098

(Yes I asked to share these publicly).

Thanks again to Taariq for offering his valuable time serving the community in this position.

David A. Johnston Mastercoin Foundation Board Member