Property/Currency ID Assignment/Determination

[ProphetX10]

Perhaps I missed this somewhere, but there appears to be no place in the spec identifying the protocol for assigning ID numbers.

Also are "property ID" and "currency ID" equivalent?

[dexX7]

Was wondering the same about the second. Currency is smart property in a broader sense, right?

[ProphetX10]

yes, the piece of the protocol for "electronic cash", if you will, is one
of the simplest examples of a smart contract, so currency is a type of
smart property.

Thanks,

Dominik Zynis
Skype: dominik.zynis
USA: +1-415-800-4155
dominik.zynis@gmail.com

On Tue, Mar 4, 2014 at 7:07 PM, dexX7 notifications@github.com wrote:

Was wondering the same about the second. Currency is smart property in a
broader sense, right?

—
Reply to this email directly or view it on GitHubhttps://github.com//issues/65#issuecomment-36654725
.

[marv-engine]

The Smart Property
https://github.com/mastercoin-MSC/spec#smart-propertysection 1st &
2nd paragraphs say:

...Whenever property is created, it gets assigned the next available
currency ID, so any property can be bought, sold, transferred, and used for
betting, just as other Master Protocol currencies are.

and

Properties are awarded currency identifiers in the order in which they are

created. Mastercoin is currency identifier 1 (bitcoin is 0), and Test
Mastercoins have currency identifier 2. Additional properties and
currencies therefore start at ID #3.

Maybe this needs to be more explicit that currency ID and property ID are
equivalent terms, and they are assigned a sequential monotonically
increasing value. I've wondered if it should be computed from some fixed
values in the transaction message, so it's not dependent on processing
order - if that's possible.

Marv Schneider
VP, User Experience/Product Usability
Engine, Inc.
marv@engine.co
240-462-6123 cell

On Tue, Mar 4, 2014 at 1:07 PM, dexX7 notifications@github.com wrote:

Was wondering the same about the second. Currency is smart property in a
broader sense, right?

Reply to this email directly or view it on GitHubhttps://github.com//issues/65#issuecomment-36654725
.

[ProphetX10]

Thanks, I knew it had to be in there somewhere.

Perhaps there should be a definitions section for this as there are for other sections.

Also, when I read "Currency identifier desired" initially I thought this meant that the issuer could ask for a specific ID number (obviously that doesn't make sense since there is no logic in the protocol for that), but realized that it was asking which currency the kickstarter would use for funding. Perhaps "Funding Currency Identifier" would be more appropriate.