Loozik



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Sr. MemberActivity: 378Merit: 250Born to chew bubble gum and kick ass Re: OFFICIAL LAUNCH: New Protocol Layer Starting From The Exodus Address September 25, 2013, 12:55:57 PM #1045 Dacoinmaster,



Would it be possible to create a short video (and post it on YT) that would explain in simple English what your project is about? My gut feeling is telling me it is something big, but I can't conceptualize it. Pictures would be welcome explaining how e.g. this decentralized exchange would work. Seeing a picture will help understand your project more than words. Pictures stay in brain for a longer time.



The reason I ask for this that I am neither a good speaker of English (which is a minor problem), but I am also a non-techie (which is a bigger problem).



Let me give you an example of a non-techie level: when you speak that Mastercoin protocol is a higher level protocol built upon Bitcoin protocol and you give the example of http built upon tcp/ip, then I neither have a clue of tcp/ip is nor have knowledge what http is (except for I use http everyday - but I have no clue what it is - it is too abstract).



Thanks

Ola



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Sr. MemberActivity: 311Merit: 250 Re: OFFICIAL LAUNCH: New Protocol Layer Starting From The Exodus Address September 25, 2013, 01:02:12 PM #1046 Quote from: Loozik on September 25, 2013, 12:55:57 PM Dacoinmaster,



Would it be possible to create a short video (and post it on YT) that would explain in simple English what your project is about? My gut feeling is telling me it is something big, but I can't conceptualize it. Pictures would be welcome explaining how e.g. this decentralized exchange would work. Seeing a picture will help understand your project more than words. Pictures stay in brain for a longer time.



The reason I ask for this that I am neither a good speaker of English (which is a minor problem), but I am also a non-techie (which is a bigger problem).



Let me give you an example of a non-techie level: when you speak that Mastercoin protocol is a higher level protocol built upon Bitcoin protocol and you give the example of http built upon tcp/ip, then I neither have a clue of tcp/ip is nor have knowledge what http is (except for I use http everyday - but I have no clue what it is - it is too abstract).



Thanks



I already proposed this...I guess Its not the priority right now. Non techies and outsiders looking in would just have to guess what the project is about... I already proposed this...I guess Its not the priority right now. Non techies and outsiders looking in would just have to guess what the project is about... Nxter,Bitcoiner,Ether highlevel developer working to improve the world.

dacoinminster



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LegendaryActivity: 1260Merit: 1024Rational Exuberance Re: OFFICIAL LAUNCH: New Protocol Layer Starting From The Exodus Address September 25, 2013, 04:20:35 PM #1049 Quote from: Loozik on September 25, 2013, 12:55:57 PM Dacoinmaster,



Would it be possible to create a short video (and post it on YT) that would explain in simple English what your project is about? My gut feeling is telling me it is something big, but I can't conceptualize it. Pictures would be welcome explaining how e.g. this decentralized exchange would work. Seeing a picture will help understand your project more than words. Pictures stay in brain for a longer time.



The reason I ask for this that I am neither a good speaker of English (which is a minor problem), but I am also a non-techie (which is a bigger problem).



Let me give you an example of a non-techie level: when you speak that Mastercoin protocol is a higher level protocol built upon Bitcoin protocol and you give the example of http built upon tcp/ip, then I neither have a clue of tcp/ip is nor have knowledge what http is (except for I use http everyday - but I have no clue what it is - it is too abstract).



Thanks



It is possible to understand the potential of this project without understanding the technology, but you DO have to have a pretty good grasp of how markets work to understand the explosive potential of MasterCoin. You also need to be able to understand the limitations of bitcoin as it is today.



Putting on my marketing hat for a moment:



Somebody with a background in trading stocks and other assets will immediately grasp how groundbreaking it is to have distributed, unregulated exchange between assets, and the ability to pseudo-anonymously (as anonymous as bitcoin can get) place bets on real-world assets. There is an UNBELIEVABLE amount of money waiting for something like this, and only ~600k MasterCoins.



If, on top of all that, the escrow-backed currencies work as I expect, the real-world applications for distributed currencies with stable values would make MasterCoins yet another order of magnitude more valuable.



The difficulty of understanding the potential of MasterCoin is not a limitation of technical understanding, but a limitation of understanding how markets work (and how freakishly big they are), and a limitation of imagination.



Our ~600k MasterCoins are worth about 12000 BTC at current prices (about $1.5M). MasterCoins don't have a huge market cap right now because there are also a lot of risks. A TON of very real risks from numerous sources (potential competitors, technical risks, security risks, etc). However, I believe we are on track so far to overcome those risks.



Can anybody else add to that marketing pitch? It is possible to understand the potential of this project without understanding the technology, but you DO have to have a pretty good grasp of how markets work to understand the explosive potential of MasterCoin. You also need to be able to understand the limitations of bitcoin as it is today.Putting on my marketing hat for a moment:Somebody with a background in trading stocks and other assets will immediately grasp how groundbreaking it is to have distributed, unregulated exchange between assets, and the ability to pseudo-anonymously (as anonymous as bitcoin can get) place bets on real-world assets. There is an UNBELIEVABLE amount of money waiting for something like this, and only ~600k MasterCoins.If, on top of all that, the escrow-backed currencies work as I expect, the real-world applications for distributed currencies with stable values would make MasterCoins yet another order of magnitude more valuable.The difficulty of understanding the potential of MasterCoin is not a limitation of technical understanding, but a limitation of understanding how markets work (and how freakishly big they are), and a limitation of imagination.Our ~600k MasterCoins are worth about 12000 BTC at current prices (about $1.5M). MasterCoins don't have a huge market cap right now because there are also a lot of risks. A TON of very real risks from numerous sources (potential competitors, technical risks, security risks, etc). However, I believe we are on track so far to overcome those risks.Can anybody else add to that marketing pitch?

Check out my attempt at

I have seen I wrote The Second Bitcoin Whitepaper Check out my attempt at using memes to explain bitcoin I have seen bitcoin's dystopian future

ASICSRUS



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MemberActivity: 70Merit: 10Expert Computer Geek Re: OFFICIAL LAUNCH: New Protocol Layer Starting From The Exodus Address September 25, 2013, 04:55:04 PM #1050 Quote from: dacoinminster on September 25, 2013, 04:20:35 PM Quote from: Loozik on September 25, 2013, 12:55:57 PM Dacoinmaster,



Would it be possible to create a short video (and post it on YT) that would explain in simple English what your project is about? My gut feeling is telling me it is something big, but I can't conceptualize it. Pictures would be welcome explaining how e.g. this decentralized exchange would work. Seeing a picture will help understand your project more than words. Pictures stay in brain for a longer time.



The reason I ask for this that I am neither a good speaker of English (which is a minor problem), but I am also a non-techie (which is a bigger problem).



Let me give you an example of a non-techie level: when you speak that Mastercoin protocol is a higher level protocol built upon Bitcoin protocol and you give the example of http built upon tcp/ip, then I neither have a clue of tcp/ip is nor have knowledge what http is (except for I use http everyday - but I have no clue what it is - it is too abstract).



Thanks



It is possible to understand the potential of this project without understanding the technology, but you DO have to have a pretty good grasp of how markets work to understand the explosive potential of MasterCoin. You also need to be able to understand the limitations of bitcoin as it is today.



Putting on my marketing hat for a moment:



Somebody with a background in trading stocks and other assets will immediately grasp how groundbreaking it is to have distributed, unregulated exchange between assets, and the ability to pseudo-anonymously (as anonymous as bitcoin can get) place bets on real-world assets. There is an UNBELIEVABLE amount of money waiting for something like this, and only ~600k MasterCoins.



If, on top of all that, the escrow-backed currencies work as I expect, the real-world applications for distributed currencies with stable values would make MasterCoins yet another order of magnitude more valuable.



The difficulty of understanding the potential of MasterCoin is not a limitation of technical understanding, but a limitation of understanding how markets work (and how freakishly big they are), and a limitation of imagination.



Our ~600k MasterCoins are worth about 12000 BTC at current prices (about $1.5M). MasterCoins don't have a huge market cap right now because there are also a lot of risks. A TON of very real risks from numerous sources (potential competitors, technical risks, security risks, etc). However, I believe we are on track so far to overcome those risks.



Can anybody else add to that marketing pitch?

It is possible to understand the potential of this project without understanding the technology, but you DO have to have a pretty good grasp of how markets work to understand the explosive potential of MasterCoin. You also need to be able to understand the limitations of bitcoin as it is today.Putting on my marketing hat for a moment:Somebody with a background in trading stocks and other assets will immediately grasp how groundbreaking it is to have distributed, unregulated exchange between assets, and the ability to pseudo-anonymously (as anonymous as bitcoin can get) place bets on real-world assets. There is an UNBELIEVABLE amount of money waiting for something like this, and only ~600k MasterCoins.If, on top of all that, the escrow-backed currencies work as I expect, the real-world applications for distributed currencies with stable values would make MasterCoins yet another order of magnitude more valuable.The difficulty of understanding the potential of MasterCoin is not a limitation of technical understanding, but a limitation of understanding how markets work (and how freakishly big they are), and a limitation of imagination.Our ~600k MasterCoins are worth about 12000 BTC at current prices (about $1.5M). MasterCoins don't have a huge market cap right now because there are also a lot of risks. A TON of very real risks from numerous sources (potential competitors, technical risks, security risks, etc). However, I believe we are on track so far to overcome those risks.Can anybody else add to that marketing pitch?



my team watching closely and yes WE will regulate per established pinkie/OTC standards! weeeeeeee my team watching closely and yes WE will regulate per established pinkie/OTC standards!weeeeeeee ✰ If You Risk Nothing, You Risk Everything | PrimeDice.com | The New Way To Roll | *Thread*



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Hero MemberActivity: 938Merit: 1000 Re: OFFICIAL LAUNCH: New Protocol Layer Starting From The Exodus Address September 25, 2013, 10:21:30 PM #1054



I've been working on a Mastercoin client that uses a combination of the Mastercoin ruby library and Mastercoin-explorer in order to create a thin-client implementation for Mastercoin. This means that you don't need a local synchronised Bitcoind instance in order to make Mastercoin payments. Right now this is a very centralised solution but once the Alpha version is out I will create a Mastercoin-server project that will enable users to setup their own Mastercoin servers which clients can connect to; think Electrum.



All the client requires is a private key of a Mastercoin address and enough Bitcoin balance to create a valid transaction. I just send my first valid multi-sig Mastercoin transaction so I figured this is as good as time as any to show some early wip screenies.









The first real transaction can be found on



There is still a lot of work to do but at least we are getting somewhere. I hope somebody else can send some multisig transactions soon so we can finalise the spec and start working on the next feature



This will be my last post for a while as I will be leaving the country and be without internet for a few days. See you all on monday Just a work-in-progress update on my (thin) Mastercoin client.I've been working on a Mastercoin client that uses a combination of the Mastercoin ruby library and Mastercoin-explorer in order to create a thin-client implementation for Mastercoin. This means that you don't need a local synchronised Bitcoind instance in order to make Mastercoin payments. Right now this is a very centralised solution but once the Alpha version is out I will create a Mastercoin-server project that will enable users to setup their own Mastercoin servers which clients can connect to; think Electrum.All the client requires is a private key of a Mastercoin address and enough Bitcoin balance to create a valid transaction. I just send my first valid multi-sig Mastercoin transaction so I figured this is as good as time as any to show some early wip screenies.The first real transaction can be found on Mastercoin-explorer and Blockchain.info There is still a lot of work to do but at least we are getting somewhere. I hope somebody else can send some multisig transactions soon so we can finalise the spec and start working on the next featureThis will be my last post for a while as I will be leaving the country and be without internet for a few days. See you all on monday Electrum : the convenience of a web wallet, without the risks | Bytesized Seedboxes BTC/LTC supported

StarenseN



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LegendaryActivity: 2296Merit: 1329 Re: OFFICIAL LAUNCH: New Protocol Layer Starting From The Exodus Address September 25, 2013, 11:27:33 PM #1056 Quote from: Tachikoma on September 25, 2013, 10:21:30 PM



I've been working on a Mastercoin client that uses a combination of the Mastercoin ruby library and Mastercoin-explorer in order to create a thin-client implementation for Mastercoin. This means that you don't need a local synchronised Bitcoind instance in order to make Mastercoin payments. Right now this is a very centralised solution but once the Alpha version is out I will create a Mastercoin-server project that will enable users to setup their own Mastercoin servers which clients can connect to; think Electrum.



All the client requires is a private key of a Mastercoin address and enough Bitcoin balance to create a valid transaction. I just send my first valid multi-sig Mastercoin transaction so I figured this is as good as time as any to show some early wip screenies.









The first real transaction can be found on



There is still a lot of work to do but at least we are getting somewhere. I hope somebody else can send some multisig transactions soon so we can finalise the spec and start working on the next feature



This will be my last post for a while as I will be leaving the country and be without internet for a few days. See you all on monday

Just a work-in-progress update on my (thin) Mastercoin client.I've been working on a Mastercoin client that uses a combination of the Mastercoin ruby library and Mastercoin-explorer in order to create a thin-client implementation for Mastercoin. This means that you don't need a local synchronised Bitcoind instance in order to make Mastercoin payments. Right now this is a very centralised solution but once the Alpha version is out I will create a Mastercoin-server project that will enable users to setup their own Mastercoin servers which clients can connect to; think Electrum.All the client requires is a private key of a Mastercoin address and enough Bitcoin balance to create a valid transaction. I just send my first valid multi-sig Mastercoin transaction so I figured this is as good as time as any to show some early wip screenies.The first real transaction can be found on Mastercoin-explorer and Blockchain.info There is still a lot of work to do but at least we are getting somewhere. I hope somebody else can send some multisig transactions soon so we can finalise the spec and start working on the next featureThis will be my last post for a while as I will be leaving the country and be without internet for a few days. See you all on monday

Amazing job ! Congrats and keep going it like that Amazing job ! Congrats and keep going it like that

Loozik



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Sr. MemberActivity: 378Merit: 250Born to chew bubble gum and kick ass Re: OFFICIAL LAUNCH: New Protocol Layer Starting From The Exodus Address September 26, 2013, 12:13:31 AM #1057 Quote from: dacoinminster on September 25, 2013, 04:02:45 PM

[...] we ARE committed to spending more project money to spur development forward at the maximum possible pace.



I expect that once the coding contest is finished on 10/15, we will immediately launch another contest.



The next one will probably have a bigger prize [...]



1. You are putting TBF developers to shame. Last time they released a client with new features was in May (4 months ago)

What a joke Bitcoin development has become!



2. I get the impression you guys at Mastercoin project are focusing on important features and functionalities that not only make a difference but also are much needed by the users of your system.



3. Keep on!

1. You are putting TBF developers to shame. Last time they released a client with new features was in May (4 months ago) https://bitcointalk.org/index.php?topic=219504.msg2311420#msg2311420 And the most appreciated feature in that release was the new icon and splash screen for Bitcoin-QtWhat a joke Bitcoin development has become!2. I get the impression you guys at Mastercoin project are focusing on important features and functionalities that not only make a difference but also are much needed by the users of your system.3. Keep on!