Quote from: freebird on November 27, 2013, 11:28:51 PM

The thing that perplexes me about Mastercoin....

You are certainly perplexed.

Quote from: freebird on November 27, 2013, 11:28:51 PM

its price is so high relative to other altcoins,

this is the reason you are perplexed.

Quote from: freebird on November 27, 2013, 11:28:51 PM

Doesn't seem to have much room to grow, unless people expect it to become worth 1 BTC or above.

Mastercoin IS bitcoin - but on steroids. It is not an alternative coin.

Quote from: freebird on November 27, 2013, 11:28:51 PM

Is the intention that Mastercoin will become the new standard version of Bitcoin

No. That implies that Mastercoin should 'replace' bitcoin. Mastercoin does not. Mastercoin simply operates in conjunction with bitcion. It doesn't replace or 'better' bitcoin at all. Bitcoin stands alone. Mastercoin helps it be better.

Quote from: freebird on November 27, 2013, 11:28:51 PM

1 MSC and 1 BTC be expected to equalize when that happens?

Probably not. MSC will be a better more versatile vehicle than bitcoin which is merely a currency with an impenetrable ledger. Mastercoin is many things - with the same impenetrable ledger. Many things includes: securities; bets; contracts; smart properties; and a bunch of stuff we haven't fully put forth yet.

Quote from: freebird on November 27, 2013, 11:28:51 PM

but the Mastercoin concept seems a lot more complex than altcoins

I don't think it is 'more complex' - but it is much more interesting, powerful and versatile. Probably a many other things too.

For these reasons, among others, look for MSC to be greater than BTC in value in about 3 months.

TomHirsch

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