user-1: I am reading up on Mastercoin, and I must say, it is quite confusing. Am I correct in saying that your Bitcoin address is your Mastercoin Address? If so, I have one private key that contains two cryptocurrencies?

user12758: Have a look here: www.youtube.com/watch?v=mAW-kuoZaHU and you'll probably understand how it works.
You download the blockchain with Bitcoin-QT and run my Mastercoins wallet through it.You label the addresses in your QT wallet and you can now send BTC and MSC to these addresses.

user78: Yeah, that's right - Mastercoin uses the same address space as Bitcoin.
You can store BTC, MSC, TMSC (Test MSC), and soon many other crypto-currencies on the same address using The Master Protocol.

-1: <p>I am reading up on Mastercoin, and I must say, it is quite confusing. Am I correct in saying that your Bitcoin address <em>is</em> your Mastercoin Address? If so, I have one private key that contains two cryptocurrencies?</p>
 12758: <p>Have a look here: <a href="http://www.youtube.com/watch?v=mAW-kuoZaHU" rel="nofollow">www.youtube.com/watch?v=mAW-kuoZaHU</a> and you'll probably understand how it works.</p>

<p>You download the blockchain with Bitcoin-QT and run my Mastercoins wallet through it.You label the addresses in your QT wallet and you can now send BTC and MSC to these addresses.</p>
 78: <p>Yeah, that's right - Mastercoin uses the same address space as Bitcoin.</p>

<p>You can store BTC, MSC, TMSC (Test MSC), and soon many other crypto-currencies on the same address using The Master Protocol.</p>
