Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 125. (Read 1276789 times)

Can someone explain medici?

Seems this will get much bigger than XPY.

They did record it, and yes, [he said] it will be built on top of Counterparty.

Yeah, I can really see Overstock being a good investment even apart from the value added by Medici - they have great potential for international growth off the back of all the media attention they've had from accepting Bitcoin.

haha yea. 

but still might be good to buy some overstock stock

if this guy rephrases correctly it will be build on top of counterparty

If everything goes perfectly I will be very, very surprised.

What??

Bagley: "If everything goes perfectly, Medici's launch will be late June or early July of this year."

only got the snippets from here, don't know if they recorded it

https://twitter.com/BitcoinCenterNY

Haha, I was there. Was anyone else?

Good news???

Thanks for these useful lessons. Will keep them in mind. The funds invested in this project are funds that aren't a problem to lose

It's reassuring words from ostk tonight, hope it's enough to put some fearmongering to rest.


A similar application of a concept mentioned that could be nice for 2.0 meta layers (exchanges allowing transfer of fiat off their platform by tokenization of those funds) was announced recently: http://finance.yahoo.com/news/tether-introduces-real-world-currency-160000085.html , explaining the little spike in MSC

Even though some argue these kind of tokens are attempts to negate the potential of cryptocurrency, and are only solving a temporary problem in bitcoin I think as it stands they have real use cases today even as a stopgap to more circular crypto economy.

in an even more simplistic deployment any exchange could allow their own specific fiat withdrawal & deposit with 1:1 fiat-backed tokens represented on CounterParty in the same manner, e.g BITSTAMPUSD, HUOBIRMB etc.

That would be good for users because now they could interact with decentralized exchange like CounterParty using blockchain fiat representations, as long as faith in the issuer remains you wouldn't expect it to fall much below the value it's redeemable by going back to the centralized exchanges.  (although in that application your fiat IOU's wouldn't be magically any safer in token form where you own the private key than it is on a database)

There would be cases when being in fiat-backed funds tradeable on the blockchain might well be more desirable than bitcoin, for instance in periods of high volatility or downtrends.  If multiple exchanges offered their own tokens, you might also expect trade in the middle layers to level out opportunities for arbitrage resulting in a more uniform bitcoin price. but even with slower trade fills & btc settlements being problematic right now, you might expect the exchange would stand to lose out from trade fees if users were to shift more of their focus onto trading on DEX's.

Something like knoxpayments is a nice fiat onramp, works well even for comparitively decrepid banking systems, it's utilized on exchanges like buttercoin & snapswap gateway for getting fiat into the bitcoin & ripple ecosystem respectively.  If somebody could make a business leveraging the processor directly as an onramp (w/ some legal hurdles) or manages to consider technical solutions for bridging digital fiat representations onto counterparty with systems that already store fiat IOU's it would open up some nice interplay opportunities, also it would be nice for the liquidity of the dex, there's many scenarios where settlement in usd, eur etc would be desirable, and in the reverse it could open up an additional exposure market for xcp (or other asset)

important lessons in investing...

Lesson #1 : don't invest in pie in the sky pipe dreams of uber engineers

(learned this one from an VC teaching a lesson to a young VC, on't name him but it was one of the biggest investments in the 1990s Silicon Valley)

Lesson #2: don't fall in love with investments.

(got this one from an old NYC stock broker who had been managing a very large pool of funds for decades)

You may think about whether you have some emotional attachment to this project, it shows in your post.  Remember if it is a round hole, sure you can use a sledge hammer to get that square peg in, but...

hopefully someone can go today and we can see what the real deal is.


http://www.meetup.com/BitcoinCenterNYC/events/213645872/

Satoshi Monday ft. Overstock's Medici Platform

Awesome. I've been meaning to get a membership but have been delaying because xmas left me a little bit short of money. I guess I can't delay it any longer with a deal like that on offer.

Hi guys, we've launched a giveaway campaign and offer our Annual Supporter membership for a discount price of $30. Every new member (who successfully completes the giveaway on CoinTelegraph) gets $10 of XCP and $20 coupon to spend on Counterparty merchandise. Details here: http://counterpartyfoundation.org/counterparty-foundation-giveaway-become-our-annual-supporter-and-win-cool-prizes/

I need a person's help who can sign and broadcast a zero-fee TX for an asset. I will give my private key! Thanks!

P.S. I can give more details through PM.

P.S.(2) : It can be done if you have compiled and installed counterpartyd or any other which support custom fees and counterparty assets.

   ~~MZ~~

After the success of Gemz on Koinify it would be stupid not to raise funds via that avenue. But like many of the projects with affiliations to MSC board, some deals probably worked out with them too. They were doing a dual issue on both platforms last I heard.


Not that I saw yet. Bitcoinist or Chris might upload


Maybe you can skew that to read "overstock ceo leaked he is building on sidechains", or maybe crypto-coin = crypto token in context..hell maybe you can assume he is forking litecoin to OverStockCoin, allowing people to mine it with gpu's and listing it on bittrex,  This project is down already $21 Million down from the peak valuation just 2 months ago, no confirmation that anything fundamental has changed aside from circulation of rumors by impatient speculators who seem to think medici is a synonym for counterparty- and of course the decline of bitcoin, just ask yourself is whether it offers under or over 5.4 million dollars of value and decide whether to stay invested, invest more or divest.

There's weekly developmental &  community updates, a fully fledged counterparty foundation, dedicated chatrooms (both of which I'm sure most asking for a date for announcement haven't joined), the project has multiple core developers, there's been additional hires, a whole host of projects built on-top of counterparty, as well as projects lined up that utilise counterparty in some way throughout 2015, Not to mention a myriad of potential developments that could come together in the future. As we don't directly employ the developers, nor do they have contractual obligations to those holding the XCP token all you've got going to decide that is public announcements and your own research.

Even with my little crypto background it has me dreaming how it might work. This could be absolutely revolutionary and yes I am very excited about it.