We have reached the halfway milestone in the DEx and Mastercoin Wallets 300 BTC bounty. There is now a tabulation of the results based on feedback from participates and 150 BTC will be paid out as well as corresponding MSC soon thereafter. This post covers the major accomplishments throughout this contest as well as the results and judging methodology.
We use a lot of fancy techno-words trying to describe a lot of the functions and possibilities with Bitcoin. Yet it is really simple. Virtually anything can be turned into a “coin” using Master Protocol.
Our universe is filled with objects, real or imaginary. Those objects can be transferred, they can also be transformed or grouped together.
We can coinify private and public objects by agreement; get them all aboard the Bitcoin boat. Here are a few simplified examples to get you thinking about the possibilities:
A lot of people are trying to make sense of what Bitcoin is.
Is it a commodity? A payment system? Is it money? Is it the antithesis to centralization? Is it some way to build consensus? Ultimately, most people want to understand whether Bitcoin is something useful to them in their lives.
I’m delighted to announce as of February 6th I will be joining the Mastercoin Foundation full-time as Chief Architect. I’ve raised enough USD to quit my day-job, and I am looking forward to devoting every ounce of my professional energy to the success of the Master Protocol and the Mastercoins which use it. Like our Executive Director Ron Gross, I will not be taking any salary from the Mastercoin Foundation, but will be paying my own living expenses while devoting my time to making Mastercoins more useful and more valuable. Continue reading “J.R. Coming Full Time”→