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Offline bytemaster

Has mastercoin finally died?
« on: August 01, 2014, 01:10:09 PM »

Down at 25 on coin market cap, it looks like they are no longer a real contender. 
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Offline gyhy

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Re: Has mastercoin finally died?
« Reply #1 on: August 01, 2014, 01:14:34 PM »
Down at 25 on coin market cap, it looks like they are no longer a real contender.
it's died ;D

Offline emski

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Re: Has mastercoin finally died?
« Reply #2 on: August 01, 2014, 01:44:26 PM »
Master Core launches in: 0d, 0h, 15m, 43s
(8pm Eastern, August 1, 2014)

Offline xeroc

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Re: Has mastercoin finally died?
« Reply #3 on: August 01, 2014, 01:49:43 PM »
Wtf is mastercore?
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline emski

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Re: Has mastercoin finally died?
« Reply #4 on: August 01, 2014, 01:52:52 PM »
Wtf is mastercore?
According to http://www.mastercoin.org/ : "The beta release of the flagship reference client of the Mastercoin Foundation for integrators, exchanges and wallets."

Offline speedy

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Re: Has mastercoin finally died?
« Reply #5 on: August 01, 2014, 02:37:13 PM »
Is anyone else tired of seeing the tonne of coins that say that they can do decentralized exchanges? Everyone is promising it including Mastercoin, yet we havent seen anything real yet. Check this out:

http://wiki.mastercoin.org/index.php/Decentralized_exchange
Quote
The Master Protocol enables the peer-to-peer exchange of any cryptocurrency or token with any other cryptocurrency or token.

Really? So why is Mastercoin tanking, and why are people still using bter.com and cryptsy if Mastercoin can do that? It seems like some people just like to blow a lot of hot air.

As I understand it, a blockchain can only be sovereign over itself, not other coins (I think Bytemaster once said that). That's why the only explanation of decentralized exchanges that I like so far is the Bitshares X model.
« Last Edit: August 01, 2014, 02:39:28 PM by trader »

Offline Empirical1

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Re: Has mastercoin finally died?
« Reply #6 on: August 01, 2014, 03:27:39 PM »
Is anyone else tired of seeing the tonne of coins that say that they can do decentralized exchanges? Everyone is promising it including Mastercoin, yet we havent seen anything real yet. Check this out:

http://wiki.mastercoin.org/index.php/Decentralized_exchange
Quote
The Master Protocol enables the peer-to-peer exchange of any cryptocurrency or token with any other cryptocurrency or token.

Really? So why is Mastercoin tanking, and why are people still using bter.com and cryptsy if Mastercoin can do that? It seems like some people just like to blow a lot of hot air.


I tried using the counterparty wallet for the first time this week so I could sell half my Proof of burn XCP and buy more BTSX. It was alright. The speed was the big killer though. It reminded me of the nineties when I'd click on two audio songs, go to sleep and hope they'd downloaded by morning.
I presume they're going to have their own faster side chains or something soon enough but doing anything at that speed is just ridiculous. Especially when BTSX exists.

 


Offline emski

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Re: Has mastercoin finally died?
« Reply #7 on: August 01, 2014, 03:30:50 PM »
I tried using the counterparty wallet for the first time this week so I could sell half my Proof of burn XCP and buy more BTSX. It was alright. The speed was the big killer though. It reminded me of the nineties when I'd click on two audio songs, go to sleep and hope they'd downloaded by morning.
I presume they're going to have their own faster side chains or something soon enough but doing anything at that speed is just ridiculous. Especially when BTSX exists.

Nice one! Such statements should get more publicity.

merockstar

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Re: Has mastercoin finally died?
« Reply #8 on: August 01, 2014, 03:31:43 PM »
I agree. I've set orders on counterparty based on looking at their order book, so it should have matched immediately.

nothing.

ended up eating the fee and sending it to poloniex. counterparty will not survive as an exchange unless it does something.

as for mastercoin...

it could have been a contender. it could have been somebody.

Offline luckybit

Re: Has mastercoin finally died?
« Reply #9 on: August 01, 2014, 10:38:01 PM »
Down at 25 on coin market cap, it looks like they are no longer a real contender.

I wouldn't go that far but their economic strategy seems inherently flawed. They have a token but they aren't using it to monetize their infrastructure so what is the point?

That being said if they keep building features and value it will come back. They just have to stop messing around and build all the features they promised in the whitepaper without delaying it or arguing over how to monetize it. Monetize the features until someone does it for cheaper or for free.

I also suggested they focus on exclusive features not found anywhere else. Monetize those features in particular and focus on stuff no one else is doing.
« Last Edit: August 01, 2014, 10:40:50 PM by luckybit »
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

charleshoskinson

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Re: Has mastercoin finally died?
« Reply #10 on: August 02, 2014, 06:47:40 AM »

Offline bitcoinerS

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>>> approve bitcoiners

Offline gamey

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Re: Has mastercoin finally died?
« Reply #12 on: August 02, 2014, 09:49:50 AM »
https://www.youtube.com/watch?v=MH7KYmGnj40 pretty much sums it up

Charles what is your new job?  I'm a long time follower of yours on twitter, was wonderin' what you're up to these days.
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Offline liondani

Re: Has mastercoin finally died?
« Reply #13 on: August 02, 2014, 02:05:14 PM »
that's why maidsafe shouldn't use mastercoin for the fundraising from the first place ....  funds that should go to maidsafe project ended up to some mastercoins big holders that had the oportunity  to sell profitable and in reality steal health that belonged to  maidsafe...  they could easy ended up with 10 million dollars and now if I am correct they have about 4 millions...  they have must been the bigger bag holders/victims  in crypto history that gived so much credit(!) to their own  perpetrator...
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Offline donkeypong

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Re: Has mastercoin finally died?
« Reply #14 on: August 02, 2014, 04:46:11 PM »

I tried using the counterparty wallet for the first time this week so I could sell half my Proof of burn XCP and buy more BTSX. It was alright. The speed was the big killer though. It reminded me of the nineties when I'd click on two audio songs, go to sleep and hope they'd downloaded by morning.
I presume they're going to have their own faster side chains or something soon enough but doing anything at that speed is just ridiculous. Especially when BTSX exists.

Paging Invictus... Empirical has a talking point to contribute for your trip to Utah. This point is extremely important and cannot be overemphasized.

 

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