Friends,

Many of you (including myself) during the crowdsale last August endowed the MSC Foundation with the support needed to build out the open source features of the MSC Protocol. We have come a long way since then, seeing token creation, distributed crowdsales, decentralized exchange and many amazing projects become reality on top of the protocol we envisioned together last year.

Today though, I’m here to tell you of a great transition that is coming.

Many in the community are asking: What will happen when the funds originally contributed to develop the MSC protocol are all spent? Its an important question and rather than leave people guessing, here I will outline the plan moving forward.

A Community Driven Model

The crowdsale was a great way to spark off development and get the original vision of the protocol implemented and operational. However, now that there are many projects operational on top of the protocol, it is that community which should be the one taking the lead.

The best way to accomplish this is through a model very similar to the Bitcoin Foundation, where support is gathered from those projects and community members using the protocol in their technology stacks. While this model is imperfect, it remains the best we have available for aligning the support of those using the protocol and those working to develop it.

Already some of the largest projects in our MSC eco-system have stepped up to say they want to sponsor the core developers in their work, by becoming members of a community driven Foundation.  These community sponsorships will make it possible for the core developers of Omni Wallet and the Omni Core implementations to continue and expand their work on these open source projects.

New Entity New Branding – From Master to Omni

In order to fully embrace this vision of a community driven model, there has been a planned election of new board members for the MSC Foundation. However, I believe that an even further step is required. An entirely new entity. One that reflects the international nature of many of the projects building on top of the protocol. Along with this new entity comes the opportunity to move beyond the initial branding of Mastercoin / Master Protocol to a new brand that reflects the broad and inclusive goals of the new community driven Foundation. I propose that this new Foundation adopt the Omni brand. A new Omni Foundation.

Already users are associating with the Omni Wallet as there primary interface to all of their digital tokens. Lets extend that to an Omni Core, Omni Protocol, so on and so forth. Of course the ownership of the tokens (previously called MSC) will remain the same, and the objective of building great open source software on top of the existing protocol will continue.

Its worth noting this transition will take time. The websites will be updated, the international entity has to be formed, the sponsorships and new community members formalized. My expectation is this transformation will take the rest of 2014.

My goal is to launch January 1st 2015 with a new entity and a clear path forward for the community. That way there is a smooth transition from the existing Foundation to the new Omni Foundation.

Next Steps

I’ll be making more posts in the near future about the sponsors of the new Omni Foundation, filling in details and answering community questions on a Reddit AMA.

However this direction should give the community, the confidence they need to know, there is long and sustainable road ahead for them to build amazing project on.

Thanks for being part of this community, which at its heart is moving such important decentralized technology forward.

Best Regards,

David A. Johnston

Chairman of the MSC Foundation Board of Directors

By Judith Jakubovics – BizDev at the Mastercoin Foundation

Dear Masterminds,

Transportation and traffic jams are basic parts of our modern lives.

These are exactly the issues that the La’Zooz team are dealing with. It will save our precious time and money, will reduce global pollution, will require less investment in infrastructures and much more…

So what is the La’Zooz project?

The name of the project: La’Zooz,  means to move.

The token of the projcet is : Zooz,  means : move

It is all about smart ride sharing and collaboration.

La’Zooz  will synchonize empty seats with transportation needs in real time to create a great ride-sharing experience for a “fair” fair.

Less cars on the roads, less global pollution, less expenses on infrastructures – really AWESOME.

La’Zooz is creating a Decentralized Transportation web that will not only be run by the community, but it will be owned by the community. “Fair share” and “fair fare” were two of the basic values that led La`Zooz team in its creation process.

La`Zooz is using the bitcoin 2.0 technology in order to distribute abundance to as many contributors that will come and by that La’Zooz is opening the floodgates for developers designers and users.

La`Zooz will move its “Proof of movement” mining Android App into Beta stage.It  will enable people who believe in ride sharing and other smart transportation solutions to change the way transportation on planet earth looks like.

La’Zooz is introducing one of the better schemes  for a shared economy, as a decentralized organization that can grow exponentially with no outer limitations.

Here are some tweets and quotes about La’Zooz – I am sure that you don’t  want to miss these :

“http://lazooz.org/  will take care of trust for us all and the #blockhchain will see @uber to the door. @lazoozorg “

If you want to know more, please visit here: http://www.lazooz.net/

and here: http://lazooz.org/wiki/index.php?title=Zooz_-_the_Token_of_Transportation

 Great things are happening to the Master Protocol

Point of contact for companies and organizations who want to issue a token (Judith Jakubovics) Judith (-at-) Mastercoin.org and on Skype: Judith.Jakubovics

By Judith – BizDev at the Mastercoin Foundation

Dear Masterminds,

The Master Protocol brings a lot of good to the crypto world

Today, I would like to introduce you to another  interesting project that is integrated with the Master Protocol.

Bitlov is a digital currency automation platform that utilizes a predominately trustless network of decentralized, distributed autonomous agents called Rubrics. Bitlov empowers individuals and organizations to determine where money goes and when by simplifying the process of setting rules within contract templates, to write simple-to-complex transaction routines based upon various factors, such as: budget, pre-defined triggers, formulas, times, recipients, and more.

Bitlov uses Pockets as sub-wallet accounts, for the purpose of managing money for various purposes (assigned to each individual Pocket), which can be shared with other users (applicable for companies, families, organizations, etc.). In addition, Pockets function as programmable wallets. These wallets provide Bitlov users the ability to perform basic tasks such as schedule transactions as well more advanced protocols, such as scripting their own complex, conditionally-based transactions. As an example, a Bitlov user might create a script that does not allow a payment to be released until: (1) it has been authorized by a specified third party; (2) before a specified date; and (3) only if a trusted data source reports that a specified company’s stock value reaches a certain threshold.

More practically, however, Bitlov’s Pockets will spawn a proliferation of transaction types and simplify the process of launching businesses in the Bitcoin ecosystem. Uses of Bitlov Pockets can be envisioned in a variety of arenas such as: data brokerage, online marketplaces, social networking, wagers or payments made to IT contractors for machine-accessible services rendered. Some examples of the latter might be set-up to: speed-up an algorithm, increase the accuracy of a predictive model or sending a specific number of visitors to a specific website address.

In today’s world, web applications represent the majority of software projects. These applications need a simple way to connect to Bitcoin and other cryptocurrencies. Over burdened developers do not have the time to learn new languages, or worse, convert to an entirely new development paradigm. To maximize their efforts developers should be able to use the tools and technologies they already know and understand. These developers aren’t looking for a new Internet, but they do want to start moving toward decentralized applications so as to take advantage of the new technologies.

Bitlov is, therefore, creating the Rubric Service Network (RSN) to provide developers access to a variety of crypto-currencies, in a consistent manner. This is accomplished using open source tools and protocols. By leveraging existing tools Bitlov saves developers significant time, whilecreating an easier to use (and maintain) network for users. Utilizing existing standards also means application developers are exposed to an interface with which they are already familiar.

This will enable the large number of existing web applications to quickly and easily implement innovative new applications that utilize cryptocurrencies and block chains.

The RSN is designed to operate as a Decentralized Autonomous Community. Once initial development is completed, the network will generate fees and circulate those fees to the ones providing the infrastructure and development to ensure its continuation. The goal of the RSN is to incentivize running a Rubric as well as funding development and maintenance of the network. Without layers of management and marketing expenses, the RSN will be able to provide these services at a rate conventional businesses cannot provide. In addition, as it’s decentralized,developers do not have to worry about a relying upon a single entity to provide the service.

The Bitlov platform is for anyone who uses money — in particular, digital currency. Oneday, everyone will be using digital currency, but until then, our job will be demonstrating the superiority of various alt coins, by providing a platform that fully realizes their potential withfeatures that are currently impossible with analog money.

Great things are happening to the Master Protocol

Point of contact for companies and organizations who want to issue a token (Judith Jakubovics) Judith (-at-) Mastercoin.org and on Skype: Judith.Jakubovics

Masterminds,

Its been a whirl wind tour of the globe the last four weeks as I have had the honor of representing the MSC Foundation at Bitcoin conferences in:

Isle of Man: Speech on the Future of Bitcoin and Beyond (see slides here: http://www.slideshare.net/ashgrovemarketing/crypto-valley-summit-day-2-the-future-by-david-johnston )

Shanghai: Fellow Blockchain Nerds Getting Dumplings Downtown

London: Right after presenting bitcoin as a way to marry the programmable web with programmable money.

Vegas: Right after presenting on the mining panel and discussing a future where protocols such as Master Protocol support the development of bitcoin ecosystem and provide other revenue sources for miners.

Having literally circled the earth twice in the last few weeks its nice to be home in Austin for a day or two.

Next Stop Israel, Drop Me A Line:

My next stop is Tel Aviv this Sunday and Monday (October 19th and 20th) if you are involved in the MSC community in Israel and want to connect while I’m in Israel just email me: David@Mastercoin.org

MSC funders, not to worry I’m as frugal as they come and with a combination of conferences paying for my flights when I’m speaking (which is every conference I attend) and accommodations at AirBnB ($35 per night in Vegas) its been minimal cost to the Foundation to be represented at these Bitcoin events, where the community all rallies together.

I believe all this travel has benefited the Foundation as it presented opportunities to meet in person with the projects building on top of the MSC Protocol, spread the word about the platform’s new capabilities, and recruit more developers and sponsors for the Foundation and its work going forward.

Notes from the Road + Important Projects Emerging:

Its encouraging to meet in person the founders behind all the amazing projects that are being built in the MSC community, allow me to take a moment to highlight a few of the most important projects coming out in the near future:

The Tether.to project (formally Real Coin) to convert fiat USD into digital tokens (Tether) on top of the blockchain, exchangeable for BTC or any other digital token. When this launches, it will open up a broad new channel for users to easily convert their money from the legacy financial system into the new digital blockchain based economy.

The Merchant Coin project will equip bitcoin advocates with the tools to sign up merchants to accept bitcoins at their business and they will be issuing their tokens on top of the MSC protocol. The goal here being to super charge the number of merchants accepting bitcoins by rewarding advocates directly for their work to sign up merchants.

The Factom project is growing quickly and I certainly want the MSC community to be at the heart of their mission to extend the scalability of blockchains, by solving the bloat issue, allow for instant confirmations, and reduce transaction costs. All of which benefits Omni Wallet and all the other projects integrating with MasterCore and the capabilities of the MSC protocol. Factom will be issuing its tokens on top of the MSC protocol and the MSC core developers are examining ways to leverage the Factom project to improve the speed and performance of MSC transactions.

Thanks to the MasterCore and Omni Wallet teams for pushing out all the new features that are making these projects possible.

I look forward to seeing many of you in person at the next conference.

Best Regards,

David A. Johnston

Chairman of the MSC Foundation Board of Directors

By Judith -BizDev at Mastercoin Foundation

Dear Masterminds

I feel that it is time to take a deep breath and make some overview.

Here are the projects that already launched on the Master Protocol:

1) Maidsafe – April 2014

2) ApiNetworks – June 2014

3) GenerCoin – June 2014

4) CryptoNext – July 2014

5) CoinProz = August 2014

6) Spacelite – Sept 2014

7) SovereignCoin- Oct 2014

Considering the fact that Mastercoin is only one year old, that is a great performance.

 You  may want to know what projects are in the pipe and will launch soon?

Well, I wish I could reveal all of them. Most of them are confidential because people like to keep it quiet until the formal launch, but I will mention just a few:

1) MerchantCoin

2) LaZooz

3) Factom(Notary Chain)

4) RemCoin

5) Store First-Park First

and many many more in the pipe….

Today I was at  the  Bitcoin Embassy in Tel-Aviv. The Bitcoin Embassy  is an amazing place where

a) Crypto enthusiasts come to meet each other,

b) Entrepreneurs are here to collaborate and do some brain storming for their new          projects

c) Newcomers are here to get acquainted with the crypto network

Most of the entrepreneurs were very knowledgeable about bitcoin generation 2.0 and especially about the Master Protocol .Many of them were eager to learn more about Mastercoin

People came from from far away just to meet me and learn about Mastercoin and how to implement it.

These great people make me understand and have a clearer vision that Mastercoin is indeed a great platform to facilitate new ideas.

Great things are happening to the Master Protocol

Point of contact for companies and organizations who want to issue a token (Judith Jakubovics) Judith (-at-) Mastercoin.org and on Skype: Judith.Jakubovics

Dear Masterminds,

It just keeps on coming

The Master Protocol brings a lot of good to the crypto world

Today, I would like to introduce you to the RymCoin project.

Using the Master Protocol, RymCoins will be created from “Information Matrix Console (IM)”, where fiat currency, big data, user personal, professional, consumable and business information’s are captured; and purchasing power parity logic is applied for additional coin creation in the time of fiat currency conversion into crypto currency.

RymCoin pilot project will be developed for Kerala state of India, which have the population 33 million, almost 9% (3 million) of them are living overseas and sending $12 billion remittance, and Kerala state has 94% literacy rate and 20% of households had an emigrant and 25% of state budget depends on remittance and famously called “global remittance capitalism drives Kerala economy”.

RymCoin will be created from “Info Matrix Console”. IMC portal will consist of blend of Facebook, Linkedin and ResearchGate and all kind of open source web application will be available and entire database layout is shared with user.

Each user will have a separate cloud account, except basic information, user will have full control over his/her information flow to central console.

RymCoin consist of RamCoin and RemCoin, both coins will be created from “Info Matrix Console”. IMC portal consist of blend of Facebook, Linkedin and ResearchGate and all kind of open source web application will be available and entire database layout is shared with user. Each user will have separate cloud account, except basic information, user will have full control over his/her information flow to central console. For pilot project IMC will allow Kerala Diasporas to deposit $2000 worth of Indian rupee to IMC india bank account and he/she have to enter $500 worth of consumable commodity requirement information (25 entry x $20), which will be called InfoX and $500 worth of business information (25 entry x $20), which will be called InfoY and $5000 worth of information endorsement power.

Indian rupee purchasing power parity devaluation against US dollar is 60%, each $2 worth of Indian rupee deposit will be instantly converted into 2 Fiat Points and additionally he/she will eligible for 1 PI Points. When InfoX and InfoY are connected with different users which will form InfoZ (InfoX + InfoY), each InfoZ need to be endorsed by 3 users and each user will have 250 endorsement rights ($5000). RamCoin is equal to India Fiat Points + Purchasing Power Parity India Devaluation Points (PI Points).

RamCoin is backed by $2000 dollar worth of indian rupee, big data, and network of information. RamCoin is inflation free and continuous incremental oriented due to big data backing which is highly worth-full in internet of things era.

RamCoin is primarily for internal use and it can be used globally also, same IM Console will create RemCoin which is for global remittance purpose, based on different nations currency. IM console 90% revenue will be owned by IMC itself, so the value of the RamCoin and RemCoin is continuous incremental oriented based on information matrix and users engagement on the web portal.

The project and the web site are still under construction, however if you want to know more please see this:

https://docs.google.com/document/d/18rMT0NY9PYeds469ZckOrrXIxEf8lLm7GJAau-TtD-w/edit

Great things are happening to the Master Protocol

Point of contact for companies and organizations who want to issue a token (Judith Jakubovics) Judith (-at-) Mastercoin.org and on Skype: Judith.Jakubovics