With the success of bitcoin, there are many copycats trying to de-throne its status as the number 1 crypto currency.
Personally, I would need to have a significant reason as to why I would switch.
What irritates me is this guy raised $7 million that didn’t do much for anyone. Meanwhile, there are much more worthy causes out there.
You can read Kashmir Hill’s detailed article at http://www.forbes.com/sites/kashmirhill/2014/06/03/mastercoin-maidsafe-crowdsale/