Mastercoin: Reinventing Finance
-
Upload
sean-gilligan -
Category
Economy & Finance
-
view
48 -
download
2
description
Transcript of Mastercoin: Reinventing Finance
![Page 1: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/1.jpg)
Judith [email protected]
![Page 2: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/2.jpg)
• Intro & reminder
• Protocol Structure & Evolution
• Wallets
• Crowdsales
• Future
Talk Structure
![Page 3: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/3.jpg)
• Bitcoin is Money
• Benefits: Decentralized
Secure
Trustless
Anonymous
Low Fees
…
Bitcoin is useful
![Page 4: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/4.jpg)
Bitcoin dev = stalled
development of the bitcoin protocol has ground to a
“complete halt”
I’ve been very worried for a long time that the core bitcoin system is radically
underfunded and underdeveloped from where it needs to be.
No new Protocol Features expected
![Page 5: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/5.jpg)
• A financial layer that uses Bitcoin
• Inherits all of Bitcoin’s benefits
• Adds Security, Exchange, and Issuing
• Is not “yet another altcoin”
The Master Protocol
![Page 6: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/6.jpg)
Protocol Structure
![Page 7: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/7.jpg)
• Every Master Protocol transaction is a Bitcoin tx
• Original Class A (increasing UTXO)
• Class B = Multisig
• Class C = OP_RETURN
• Future = github.com/petertodd/blockpop
Protocol Structure
![Page 8: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/8.jpg)
• Deprecated wallets: Masterchain, Masterchest, MyMastercoins, Mastercoin-explorer
• Slow development:– Bounty program, incompatible dev efforts
– No top-down design
• New wallets:– Omniwallet (web)
– Master Core (desktop, bitcoin-qt fork)
Wallets
![Page 9: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/9.jpg)
• Web (hybrid, client-side secure)
• New wallets:
– Omniwallet (web)
– Master Core (desktop, bitcoin-qt fork)
Omniwallet
![Page 10: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/10.jpg)
![Page 11: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/11.jpg)
![Page 12: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/12.jpg)
![Page 13: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/13.jpg)
• Cross platform desktop wallet
• Higher security
• All-in-one package (no dependencies)
• Easy to integrate with exchanges!
Master Core
![Page 14: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/14.jpg)
![Page 15: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/15.jpg)
Crowdsales
![Page 16: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/16.jpg)
• Per country and issuance
• CODA.co – an umbrella org
• What not to do?– Shares
– Voting
• Bit-license
Legal Considerations
![Page 17: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/17.jpg)
• Master Core release = August 1
• Next up:
– Master Core UI (soon!)
– Metadex
– Omniwallet improvements(2 factor, email support, multisig)
– Smart crowdsales
– Betting, CFDs, Saving Addresses
Future Plans
![Page 18: Mastercoin: Reinventing Finance](https://reader034.fdocuments.us/reader034/viewer/2022052601/5597e1871a28ab41758b460e/html5/thumbnails/18.jpg)
• Burning MSC:
– Decentralized Exchange
– Pay to Owners
– Other advanced operations
– Voting determines the fee
• MSC as a based liquidity layer for the DEx
Monetization