The Mastercoin Foundation hosted its first Bay Area meetup on Wednesday evening, January 15, 2014, in Palo Alto at the offices of Perkins Coie LLP.The hosts, Taariq Lewis (Smart Property Lead) and Ryan Keenan (World Chapter Planter) declared the event a major success. There were over thirty Bitcoiners and Mastercoiners in attendance.
Curtis & Faiz
MasterChest.info / Zathras
Mastercoin-Explorer / Maran and Jeffrey
Masterchain.info/ Grazcoin & Grimentz
Tutorial for masterchain.info‘s cool Hybrid web wallet (TM)
Recall that there is 100 BTC plus Dev MSC being given away just for testing, half of that will be given away in the next week! Both the Mymastercoin Wallet from Bitoy, profiled in lat week’s update, and Grazcoin’s Hybrid Wallet are available for testing. Additionally Marv Schneider is putting together a test plan.
Most people, including some Mastercoin team members, seem to be unaware of the tremendous amount of money slated to be given away to EVERYONE who has completed a bounty (including hourly, role-based, and task-based bounties).
Here are some important facts about this distribution:
In light of recent price movements, I thought this was a good time to share some thoughts I had about the price of MSC.
Mastercoin is unique in many ways. Just like we are discovering how to run a Decentralized Application by having Role Based Bounties AKA Decentralized Jobs, so are we learning how a startup who is less than 6 months old has a publicly traded “stock” (MSC behave like a stock in some ways). I would like to quote Larry Page and Sergey Brin, from their IPO letter back in 2004 (replaced “Google” by “Mastercoin / The Master Protocol”, I’m trimming down their letter significantly and taking a few choice quotes). I encourage you all to read the original, untrimmed version. Also please be aware that the comparison I’m making is not a 1-to-1 direct comparison, but rather saying that we subscribe to many of the same values and goals held by Google’s founders.
January 9, 2014
Developer Communications Mediums
Key Development Statistics
CTO Opening and Search
Security Auditor Opening and Search
QA and Testing of Wallets
Research & Development Updates
If you have been following Mastercoin for some time now or just beginning this post is meant to get everyone up to speed on developments over the last 2 months as well as provide guidance on future developments. We have some learning to do, especially regarding how to develop and operate as a decentralized organization. Our progress is quite remarkable, but there are some definite lessons to be taken here to improve our performance.