You can't build a world-class financial framework and expect its participants to give away their assets.  But they might....  If we want ROCKMINER here, we should procure a guarantee from that company and then chip in to buy the asset name.

There is no incentive for bad behavior - the asset names issue has been thoroughly discussed.

Bad Design imho is a Dex which does not support BTC <-> Asset transactions (i.e. one needs to purchase MSC to buy Safecoin) and manual order matching on BTC transactions.

Also Balance initiation with a fund-raiser by which J.R. Willet got 30% of MSC for sending Bitcoin to himself.

And transaction fees debited into a private address.

Enough said.

The free market was not designed poorly.

He is. All of this has been discussed. I just posted a TLDR for this on the forums.

https://forums.counterparty.co/index.php/topic,279.0.html

Yes that's how it works. You could even send mastercoins to that address if you had the private key for it or were using a wallet that looked in the blockchain for that specific meta data

Hi Xnova, by the way I lost all the dust on my old wallet which I can't remember the value of as well as any primes! I haven't reported as been a bit sidetracked doesn't really matter if the issues been resolved in later versions.

Is there any documentation available re: (secure) implementation into an exchange backend?

Wow just noticed how much more it is too issue

Mastercoin foundation salesmen have lent David Irvine a stack of mastercoin (he believed were worth millions to sell), in effect to simply issue an asset they're charging him $10000000.

https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI

A bit of fraud is going on here methinks, champagne all round but I think this is the end of Mastercoin they surely can't get away with this. Such a shame as Maid network looked interesting though you've got to wonder how credible a director David Irvine is if he's this gullible or how currupt he is if he's not!

BTW: My girlfriends in I.C.U. and I went all in on Mastercoin thinking all my dreams had come true to pay hospital expenses when he tried to fix the price at 0.2 from .08, after seeing the way it moved so smovely when they fixed it from .06 to .08. Thankfully I managed to sell up in time without a loss when I realized if he get's the $10000000 he gives it away to the mastercoin foundation rather than to use for his business!!

I'd say this is a pretty big scandal and as highlighted above effect real peoples lives. Unfortunately I'm not really articulate or educated enough to explain this well, but can someone look into this and have a word with him.

Patel think this through, the foundation have lent him "tons" of mastercoin to sell they effectively end up getting all the cash (bitcoin) he ends up getting all (worthless?) mastercoin in exchange for 8 years work, media attention, and brilliant Idea. The guys been totally suckered. It would only cost him a $1 to do the same thing through counterparty it's high level madness!