Topic: [ANN][CrowdSale Ended]🌟🌟🌟🌟 NVO Decentralized Exchange | MultiWallet 🌟🌟🌟🌟 - page 31. (Read 170126 times)

 you are sure you are running the latest version of the wallet ? regardless if it is a present issue with the latest version  this will be fixed in  the next update i believe a month from now.

I did a test with a small value. Did not drop the transaction in the wallet.

as the wallet provides the private key, I can import into another wallet.

But a bug to solve in the wallet.  

I think you must be joking. No one with the right mind would use this terrible wallet.

I think you must be joking. No one with the right mind would use this terrible wallet.

Has anyone deposited ETC in the wallet? I did a test with ETC in the wallet but it does not show in the balance. The ETC went to the address but did not show the balance.

Soon?  Can we expect weekly updates on your progress?  Twitter and Reddit posts as well?

There is a function in the counterparty protocol called 'bitpay' where one can place a buy order for a token using bitcoin instead of xcp or another token. It's a bit tricky to do - the buy side requires two transactions, and the timeout for any order match is just 20 blocks.

It can manually be done right now - you can see the history of matches from the very beginning of the NVST listing. But it's not as simple as just sending the bitcoin to the seller address.

Basically, the flow goes like this: Seller places order to sell NVST for BTC. Buyer places an order to match. The CP protocol says that once a match is made, the buyer has 20 blocks to complete the trade by making a second transaction that sends the appropriate amount of bitcoin in a transaction that includes the bitpay opcodes. You can see from this that a problem is created when a user places a buy order first and a seller matches the order while the buyer is away (or asleep, whatever.) Since the second transaction must be placed after a match, only a connected client can send the required bitcoin, and web services cannot reliably do that in an automated manner. Knowing this, the Counterwallet team disabled bitpay transactions some time ago from their web app.

Another hitch in the process is that if you send the bitcoin to the seller but the bitpay transaction doesn't confirm before the 20 block expiration, the tokens are not credited and the buyer effectively loses their bitcoin unless the seller sends them a refund (there is no mechanism to enforce refunds, you must rely on the seller's good graces.)

The method TSWR is setting up is a fork of an existing bitpay website that doesn't currently work - he and I are modifying it to work properly. Right now we are working on fixing a fee bug, but it should be ready to go...soon

There is a function in the counterparty protocol called 'bitpay' where one can place a buy order for a token using bitcoin instead of xcp or another token. It's a bit tricky to do - the buy side requires two transactions, and the timeout for any order match is just 20 blocks.

It can manually be done right now - you can see the history of matches from the very beginning of the NVST listing. But it's not as simple as just sending the bitcoin to the seller address.

Basically, the flow goes like this: Seller places order to sell NVST for BTC. Buyer places an order to match. The CP protocol says that once a match is made, the buyer has 20 blocks to complete the trade by making a second transaction that sends the appropriate amount of bitcoin in a transaction that includes the bitpay opcodes. You can see from this that a problem is created when a user places a buy order first and a seller matches the order while the buyer is away (or asleep, whatever.) Since the second transaction must be placed after a match, only a connected client can send the required bitcoin, and web services cannot reliably do that in an automated manner. Knowing this, the Counterwallet team disabled bitpay transactions some time ago from their web app.

Another hitch in the process is that if you send the bitcoin to the seller but the bitpay transaction doesn't confirm before the 20 block expiration, the tokens are not credited and the buyer effectively loses their bitcoin unless the seller sends them a refund (there is no mechanism to enforce refunds, you must rely on the seller's good graces.)

The method TSWR is setting up is a fork of an existing bitpay website that doesn't currently work - he and I are modifying it to work properly. Right now we are working on fixing a fee bug, but it should be ready to go...soon

I'm curious to hear more about how that works though, so the more details (and the sooner) the better.

actually I will be releasing a website that enables the BTC pay feature on the counterparty dex making buying/selling NVST with BTC a breeze

Oh man it's  seem promising project,unfortunately i'm too late to invest in NVO but no problem i'll waiting for hitting exchange for buy and hodl

chances are hitbtc would have taken the listing fee and then never even list NVO... that is way they did with Kapu coin.  20 btc of dev funds down the drain!

I am well aware of the high fees on HitBTC. However, I would wager that 99% of the NVST holders would have been willing to pay that fee for the chance of having liquidity. If someone had told me that when I invested last summer, I would have to wait 1 year and still not see any liquidity, I would not have invested. If nothing else, this team should have at least offered a method of liquidity, which they promised to do multiple times last year. Multiple times they said that they would provide another means for investors to trade NVST. This was around October of last year. It's now almost June and we are still only on Counterwallet. If NVST was liquid, chances are that it would be trading at above $1. People would be easily able to buy and sell at will. What good is it to worry about paying higher fees when your investment is stuck in an illiquid project? Here is the irony, we are investing in an exchange coin, which is supposed to allow all types of coins to be traded on their platform, yet we can't even trade the coin that's associated with the project.  That's pretty ironic, don't you think?

If this coin had been on HitBTC since last year (again, I really hate HitBTC, but if it offered liquidity, I'd be fine with it), NVST would have a bigger market and it would be more widely traded. Yes there's a fee, but I invested $4,500 into XCP, which you have to buy in order to transact on the Counterwallet exchange. I've been trying to sell that XCP since last month and it's current value is $3,000. I've lost approximately $1500 in value from holding the XCP, which I initially bought in order to buy NVST. What's 50 NVST compared to losing $1500 because I was forced to buy XCP just to use Counterwallet?

Counterwallet  is probably the only exchange where you have to go to a different exchange in order to buy their tokens required to trade on their DEX? That is the most absurd concept ever. Counterwallet is a broken platform. Either sell your XCP coin on your own exchange or allow people to buy NVST and other coins using BTC. Counterwallet is based on BTC, yet you can't trade BTC or their own coin XCP on their DEX. It would limit the risk of being stuck holding bags on their illiquid XCP coins. Once again, I hate HitBTC exchange, but in this case I would happily pay the extra fees to not be stuck holding these XCP coins. I'm hoping that the market pumps so someone can buy my XCP bags.

Does anyone see the prospect of this coin for many years to come? x100 will do?

You seem to get your mind blown pretty easily, there, Chuckles.

It's ok, we're here to help. We'll try to remember to use smaller words for your benefit, to make it easier for you to understand the mundane concepts that come easily to other people, like "risk versus reward" and "ironic process theory". We've got your back.

It's perfect match for NVO, the crypto project with most red flags ever. It's mind blowing that there are still people that believe something will come out of it.