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I don't really understand how the Mastercoin mechanics work, do I need a special client when operating with Mastercoins? And how should I proceed with the initial investment?

If I were to recieve MCSs would I use my BTC wallet and if so how do I know the amount of MSCs in my address?

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  • It is a good question. The presentation, video, etc on mastercoin.org is incomprehensible. The questions here on Stackexchange consist of a bunch of trolls voting every question down. Mastercoin says it is bitcoin on steroids, but there is no documentation and no exchange. It seems rather to me like bitcoin in a wheelchair. An answer to this question by a non-troll would be welcome.
    – zkilnbqi
    Commented Dec 1, 2013 at 8:21

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To send or receive MSC, you only need a Bitcoin wallet when you have control over the private keys. so web wallets don't count

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    How so? In many web wallets you do have access to private keys. Commented Dec 1, 2013 at 19:34

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