The document discusses concerns regarding the stalled development of the Bitcoin protocol and presents the Master Protocol as a financial layer benefiting from Bitcoin's attributes. It outlines the structure of the Master Protocol and introduces new wallets such as Omniwallet and Master Core while mentioning future plans for improvements and features. Additionally, it highlights the legal considerations for crowdsales and potential monetization strategies involving MSC.

1. Judith Jakubovics
judith@mastercoin.org

2. • Intro & reminder
• Protocol Structure & Evolution
• Wallets
• Crowdsales
• Future
Talk Structure

3. • Bitcoin is Money
• Benefits:
 Decentralized
 Secure
 Trustless
 Anonymous
 Low Fees
 …
Bitcoin is useful

4. Bitcoin dev = stalled
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.
development of the bitcoin
protocol has ground to a
“complete halt”
No new Protocol Features expected

5. The Master Protocol
• A financial layer that uses Bitcoin
• Inherits all of Bitcoin’s benefits
• Adds Security, Exchange, and Issuing
• Is not “yet another altcoin”

6. Protocol Structure

7. Protocol Structure
• 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

8. Wallets
• 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)

9. Omniwallet
• Web (hybrid, client-side secure)
• New wallets:
– Omniwallet (web)
– Master Core (desktop, bitcoin-qt fork)

13. Master Core
• Cross platform desktop wallet
• Higher security
• All-in-one package (no dependencies)
• Easy to integrate with exchanges!

15. Crowdsales

16. • Per country and issuance
• CODA.co – an umbrella org
• What not to do?
– Shares
– Voting
• Bit-license
Legal Considerations

17. Future Plans
• 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

18. • Burning MSC:
Monetization
– Decentralized Exchange
– Pay to Owners
– Other advanced operations
– Voting determines the fee
• MSC as a based liquidity layer for the DEx

19. Questions?
judith@mastercoin.org