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Great paper ! Awesome work JR !
Many questions to follow ...
Will you have a mastercoin wallet by the 31st of August ? So people can receive their master coins ?
When someone receives mastercoins, what are there bitcoin value ?
I assume I send to exsodus address, after I recieve mastercoins to the sending address, since its on the btc network they must have btc value.
JR,
This is awsome. I suggedt you prepare a short youtube video showing how exactly to transform the bitcoin into a mastercoin.
If you do so i'll transfer 3-5 bitcoins just to check it :)
I wouldn't wsnt to accidently loose my money in the process.
Thx
Gil
Here's a sneak peak at the complete MasterCoin specification: https://sites.google.com/site/2ndbtcwpaper/MasterCoin%20Specification.pdf
The block-chain scanning requirements are a lot lower considering that I only need to scan transactions that reference the Exodus Address,
but thin client type solutions are going to be needed eventually.