Topic: [ANN] [XCH] ★ ClearingHouse - Freedom by Blockchain ★ - page 28. (Read 119152 times)

AnthonyWittgenstein,

You definitely "get it". Coloured coins" are just fancy accounting systems. CustodyChains (no space) provides a solution because while digital assets can be transferred and secured by cryptography, it's not the case with real world assets unless you have a way of tying virtual and real worlds together.

With regards to centralisation - careful: what we're saying is centralised systems do certain jobs a lot better than bitcoin. Visa/Mastercard are better payment systems than Bitcoin in terms of scalability. Blockchains dont remotely scale to Visa/Mastercard size. Paypal and eBay are actually fantastic systems that also have workable consumer protection solutions. Decentralised systems have a long way to go to compete. Bitcoin is however very disruptive to the status quo because to the users at least, it has cheaper transaction costs (even though on a macro level it's currently very expensive to run taking into account the costs of running the network divided by tx volume). Remember though, Bitcoin is not just a payment system, it's so much more and that is why it is a disruptive revolution.

TreeChains solves the scalability issue of the blockchain. You could have HFT trading of micropayment channels using it.

I dont know what the future will look like: decentralisation is preferable where it can be made to work and I dont think we should compromise on trying to find solutions for it. But then again, I dont see the point in trying to just replicate eBay and Paypal on the blockchain. We need to do better than that and that's why we need more R&D.

I totally agree - a Chinese translation would be a Slam Dunk!

For the ClearWallet exchange, I'm really hoping for a longer term solution (like an escrow, as mentioned by Drak) that will eliminate these short term birth pangs.

More importantly, as both Peter Todd and Drak say - centralized systems are BETTER at some things.  We need a healthy symbiosis of centralized and decentralized systems.  

Like Peter Thiel says - it's NOT human vs. computer, it's human AND computers.  Akin to centralized AND decentralized systems.  Drop the false dichotomies - we need both!

I realized very quickly that ClearWallet is not going to be some high frequency, day trading platform - the centralized exchanges are obviously better at that.  BUT, for longer term trading ranges ClearWallet is very safe and effective, AND you don't have to worry about MintPal storing your coins in one of their "hot wallets"...LOL

Also, a good escrow in ClearWallet would be an extremely VALUABLE feature.  Being able to exchange coins, assets, notarized documents, etc. in a TRUSTLESS manner with ANYONE on planet Earth who has an internet connection - this is a quantum leap forward in technological progress!  

AND drak even mentioned that the receiving party will be able to cryptographically "sign" to PROVE that they received the asset.  Drak calls this "custody chains" that they are developing!  

Drak made it sound like custody chains would be most effective at PROVING the transfer of real world assets.  Think of Amazon shipping you a package.  Each step of the way (warehouse to regional shipping center to local shipping center, then to your house) someone can cryptographically sign with Custody Chains to prove that the transfer of the colored coin in ClearWallet called "iPod 300 GB" actually corresponds to the transfer of the real world asset "iPod 300 GB".

Put simply - Custody Chains helps solve the problem of:  making the transfer of an online asset (Colored Coin) correspond to the transfer of its "real world" physical equivalent, and proving ownership of the asset.

I'm just thinking out loud here, but I just realized Custody Chains actually does 2 things:
a)  instant transfer of digital assets  (for example, an engineering design; a piece of music; computer code...etc.)

b)  transfer of Colored Coins that represent real world assets  

For example:  I can create a token in ClearWallet to represent my used iPod with serial number etc...then I can sell it to anyone in the world - they put their money in escrow - I package my iPod and on the box I place a QR code which corresponds to my colored coin - then I hand it off to my local FedEx (or whomever) where they scan it - then they ship it to the regional center...etc. until it's delivered to my customer where she must sign for it...as soon as she signs for it, her escrow money is instantly transferred into my account - VOILA

Now here's the important part - at each step as my iPod box is handed off from seller - to local shipper - to regional shipper - etc. - then finally to the customer...at each hand off there is a digital signing where RESPONSIBILITY and LIABILITY for the physical asset is also handed off.  So if the customer never receives her iPod in the mail, she can't sign for it, which means that I never receive my escrow money and I'm also out my iPod...in that case, the last person to sign for it (the regional shipping center, for example) would be liable to pay me for my lost iPod, and the customer's escrow money would simply be returned!  Cool system!

Sorry for the length...I'm just trying to explain and detail the immense power of Colored Coins, ClearWallet notary, and ClearWallet Custody Chains, and how these technologies can instantly become useful in our everyday lives and also empower us in the process!

Actually, we can :-)

Chinese translators can participate here: https://www.transifex.com/projects/p/clearwallet/

it would be nice to have the wallet translated to at least Chinese

they are trying at counterwallet but the web app they picked i think kind of sucks for the purpose (can't even donate)

i'll donate some XCH if anyone does the translate or manages the translation process

And yes, I use Firefox. I didn't know bugs were browser specific. I can try chrome.

@AnthonyWittgenstein

Thanks for your tips. But I tried to buy the complete XCH offer at 0.010. I was able to buy XCH before, so this is a new bug, not an old one.

Brand new escrow service inside the wallet would be nice. This is something to wait for.

they need to implement Vennd like XCP did for counterwallet, i made the connection on skype for drak and Jeremy/Vennd

I think so.  I see him logged onto the #viacoin-dev IRC channel.

Yeah, I use Firefox, but that sort of begs the question - assuming clearwallet works perfectly (no bugs) in other browsers, is it a long term solution to say "don't use clearwallet with Firefox, there are unresolved bugs"?

But in my experience using Firefox, clearwallet still works pretty damn good!  There are just a few bugs on the exchange.  

Drak, is Grynn San still working on the project?  I haven't heard much from him or about him lately...

I really dont know where these XCH bug/error complaints are coming from. Ive been using XCH since day one and the only bug i encountered when initially trading via for xch was it kept loading (stuck at loading). I reopened the browser and everything was in place. This error was experienced using firefox.

For the past few weeks, ive bought & burned XCH and bough JLT on XCH. Did not come across a single problem. *knocks on wood*   been using google chrome. Not saying its the solution, im just saying its what browser ive been using and i havent had issues.

@jokumat:

I'll give you a few tips on how to use the clearwallet exchange.  

Before going into detail, let me first say this:  drak said that eventually most of these problems (order matching, must stay logged-in, etc.) will be resolved with a brand new escrow service inside the wallet.  Said another way, (my words here) rather than waste time trying to fix every little bug (from Counterparty's code), a new and improved escrow system will SUPERSEDE most of it.

Okay, with the long term vision now in view, you probably still want to know how you can "get coins now!"

I've had the same problem and have spent many hours trying to buy on the XCH exchange, and I've learned a few things:

1.  I always get an error when trying to buy more than 20k, 25k, or 30k XCH coins at a time.  For example, if I want to buy 100k XCH - I buy it in 4 steps of 25k each, otherwise I get an error.

2.  I ALWAYS buy one price at a time.  I always got an error when trying to buy "up" several prices on the order book.  

for example: (with approximate current order book)
Price [VIA/XCH]    Amount [XCH]
0.010                      650
0.0149                    2024
0.014949                3600
0.015                      134,168

The current order book makes a nice example as it illustrates both my points.  You CANNOT just enter an order for 150,000 XCH at a price of 0.015 and try to buy "up" the order book, and expect it to match all the orders for you.  

First, buy the complete 650 XCH at 0.010.  

Then buy the 2024.  Then buy the 3600.  

THEN, when you get to 0.015 DO NOT try to buy more than 25k or 30k at a time.  (I was like a rat in-front-of a cocaine dispenser trying to figure this out BC there was like 200,000 XCH at a very good price and I COULD NOT BUY THEM....lol...so I found-out that the code would let me buy the whole thing in small increments)

I realize (and certainly drak does too), that little work-arounds like mine are NOT long term solutions.

BUT, as an investor, I would much rather have drak working on future and more important problems rather than wasting weeks trying to fix every little bug, which hopefully, will be superseded anyways!

Please let me know what you think...let's get some more action going on this thread

P.S @jokumat, eventually (it does not show up instantly), your pending orders will be shown in the "O Open Orders" tab AND in the "Markets" tab, which will then give you the option to cancel, so you can get some closure on them

I tested clearwallet again and encountered the same bug (after more than 2 weeks).

I tried to buy XCH using Via, yesterday and today and in both cases I ended up with my order pending. I lost my patience after one hour and logged out. It's even worse than before because now logging out doesn't help. Now you are not prompted to pay via manually.

Why is this problem persistent? Is it difficult to test it properly? Clearwallet is buggy and unreliable at this moment and I can see no improvement.

My guess is an exchange will pick it up sooner or later.

https://clearwallet.co/

Is it possible to buy XCH? If yes, where?

Good news!

The XCH conversion period is now over. Final stats: 103,837,396.51 XCH created for 1,087,511.79269591 VIA. The XCH supply is now permanently fixed.

btw the price keeps refreshing in the sell/buy screen, it erases and replaces the price that the user inputs

also the order confirm screen is strange

there is a line item called "real via"

also someone was able to lock a part of my sell order with a higher pay to amount then i requested, which is sort of weird

and then this order even though in pending however impacts the price on the exchange showing XCH to be up 900%

True but i still expect some exchanges to probably add similar to XCP

Hello everybody,

a noob question: Is XCH gonna hit an exchange like Mintpal or Bittrex?
or only trading on Clearwallet?

Thank you.