I wonder how they plan to accomplish this? I don't think it would hurt to "speculate" on how it might be done. I could be wrong.
CT: Will your platform support trading of all US stocks and ETFs, or a subset?
PB: I believe that we will be a national market system compliant and able to trade everything.
CT: How is the process of price discovery going to work? In other words, how will the platform integrate with legacy trading environments?
PB: I do not want to give too much away, but it will be fully integrated with legacy platforms and wired into the national market systems.
Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 126. (Read 1276789 times)
January 18, 2015, 12:31:29 PM
January 18, 2015, 10:45:42 AM
Is there anyone here that can help with explaining Counterparty's role with Medici?
Any theories on how they might work to together and if there are benefits to Counterparty?
Thanks!
Any theories on how they might work to together and if there are benefits to Counterparty?
Thanks!
As prophetx said, you can only ask Patrick who is in charge of Overstock. The devs are under a non-disclosure agreement and can't say anything. Sadly, it will not help to repeat this here. It is 100% up to Overstock to make an official statement on this, and not the responsibility or even the right of its individual employees to do so. They could end up in court if they said anything. This is simply the nature of the such contracts. Overstock must make the announcement, not individual employees. Nobody else has any information, unfortunately.
This is all we know so far, from Adam Krellenstein, one of the founders and core developers of Counterparty:
Yes, the situation is unclear---sorry, we just can't say much at the moment. There'll be some relevant (positive) announcements very soon, though! Suffice it to say that Evan, Robby and I will all be working on Counterparty for the forseeable future.
January 18, 2015, 10:28:32 AM
Is there anyone here that can help with explaining Counterparty's role with Medici?
Any theories on how they might work to together and if there are benefits to Counterparty?
Thanks!
Any theories on how they might work to together and if there are benefits to Counterparty?
Thanks!
you can always dial into the overstock annual conference call and ask Patrick to clarify, i'm sure other shareholders will be as curious as we all are so i wouldn't be surprised to hear more detail and clarification
January 18, 2015, 10:22:26 AM
Is there anyone here that can help with explaining Counterparty's role with Medici?
Any theories on how they might work to together and if there are benefits to Counterparty?
Thanks!
Any theories on how they might work to together and if there are benefits to Counterparty?
Thanks!
January 18, 2015, 09:51:04 AM
Here's the full interview with Patrick. I didn't see it posted. I could have missed it.
http://cointelegraph.com/news/113281/patrick-byrne-medici-will-be-a-national-market-system-compliant-and-able-to-trade-everything
http://cointelegraph.com/news/113281/patrick-byrne-medici-will-be-a-national-market-system-compliant-and-able-to-trade-everything
January 18, 2015, 09:28:21 AM
Are there any videos of the Counterparty presentation at the TNABC ?
Cheers
Cheers
January 18, 2015, 09:00:13 AM
Smartcontracts copied by ethereum? thats funny because i have been using a "working" smartcontracts wallet decentralized exchange since july and also speak with the creator.
Maybe you guys need to catch up lol
EDIT: BlackHalo and BitHalo
Maybe you guys need to catch up lol
EDIT: BlackHalo and BitHalo
I don't think those are turing-complete?
January 18, 2015, 08:38:44 AM
Well I dont know what kind of a "positive announcements" You got but If XCP alliance with Overstock is broken price will fall to 0.005...
If the posters in this thread are accurate about smart contracts payments then I really really doubt it will ever go that low. The decentralized stock exchange already works... as someone else said, XCP has endless utility beyond Overstock... lets get more excited about decentralized things
Smart contracts were copied from Ethereum so probably many other will do the same...
We need a statement what is going on
Smartcontracts copied by ethereum? thats funny because i have been using a "working" smartcontracts wallet decentralized exchange since july and also speak with the creator.
Maybe you guys need to catch up lol
EDIT: BlackHalo and BitHalo
January 18, 2015, 08:13:14 AM
Patrick Byrne talks with cointelegraph
CT: Will Medici only be working with Counterparty?
PB: No. There are two different projects. Medici is one product, and Counterparty is a different set of developers. They are not tied together, although they will have certain shared relationships.
CT: What and when is the first deliverable for Medici?
PB: The technology platform that would allow us to issue a crypto-security and have our own crypto-coin, we can finish in Q1 [first quarter]
So what is the XCP role in this project??
CT: Will Medici only be working with Counterparty?
PB: No. There are two different projects. Medici is one product, and Counterparty is a different set of developers. They are not tied together, although they will have certain shared relationships.
CT: What and when is the first deliverable for Medici?
PB: The technology platform that would allow us to issue a crypto-security and have our own crypto-coin, we can finish in Q1 [first quarter]
So what is the XCP role in this project??
Counterparty lets anyone create their own crypto-coins/tokens/assets and trade them without ever using XCP (only BTC transaction fee). Counterparty is much, much more than just XCP. And only Overstock can comment on this further. The devs are under contractual obligation to not say anything without the approval of Overstock.
Was smart contracts copied from Ethereum or write own?
https://bitcointalksearch.org/topic/m.10191605
Factom come under Counterparty not MSC? One of good news? 3 day ago mastercoin dev wrote in msc thread factom is coming to MSC.
https://bitcointalksearch.org/topic/m.10191605
Factom come under Counterparty not MSC? One of good news? 3 day ago mastercoin dev wrote in msc thread factom is coming to MSC.
Counterparty smart contracts use the Ethereum virtual machine (same programming language, 100% compatibility), but the port of that onto the BTC network and Counterparty platform itself is original. And yes, Factom will be on Counterparty.
January 18, 2015, 08:02:23 AM
Well I dont know what kind of a "positive announcements" You got but If XCP alliance with Overstock is broken price will fall to 0.005...
If the posters in this thread are accurate about smart contracts payments then I really really doubt it will ever go that low. The decentralized stock exchange already works... as someone else said, XCP has endless utility beyond Overstock... lets get more excited about decentralized things
Smart contracts were copied from Ethereum so probably many other will do the same...
We need a statement what is going on
Was smart contracts copied from Ethereum or write own?
https://bitcointalksearch.org/topic/m.10191605
Factom come under Counterparty not MSC? One of good news? 3 day ago mastercoin dev wrote in msc thread factom is coming to MSC.
January 18, 2015, 07:53:37 AM
Smart contracts were copied from Ethereum so probably many other will do the same...
We need a statement what is going on
We need a statement what is going on
Many can do the same, but they have 1 year of catching up to do (or would not use BTC as a platform). Nor do I doubt that anyone would be as generous as the XCP founders, to self-fund their development. Also, first mover advantage and all that. Also if someone has the idea, skill and motivation to do so, they will likely just apply to be hired by XCP. (So they can work on an existing, and repeatedly audited platform). I don't see a logical motivator to push forward on another BTC-based platform. If the motivation is profit, proof-of-burn remains superior. If the motivation is technological, they can work on existing open-source XCP software.
You have to realize that companies like Overstock issue NDA's (non-disclosure agreements) that people have to sign. They can't say anything, it's in their contract. It's up to Overstock to make the announcement, not Counterparty devs.
Patrick Byrne talks with cointelegraph
CT: Will Medici only be working with Counterparty?
PB: No. There are two different projects. Medici is one product, and Counterparty is a different set of developers. They are not tied together, although they will have certain shared relationships.
CT: What and when is the first deliverable for Medici?
PB: The technology platform that would allow us to issue a crypto-security and have our own crypto-coin, we can finish in Q1 [first quarter]
So what is the XCP role in this project??
January 18, 2015, 07:32:50 AM
Smart contracts were copied from Ethereum so probably many other will do the same...
We need a statement what is going on
We need a statement what is going on
Many can do the same, but they have 1 year of catching up to do (or would not use BTC as a platform). Nor do I doubt that anyone would be as generous as the XCP founders, to self-fund their development. Also, first mover advantage and all that. Also if someone has the idea, skill and motivation to do so, they will likely just apply to be hired by XCP. (So they can work on an existing, and repeatedly audited platform). I don't see a logical motivator to push forward on another BTC-based platform. If the motivation is profit, proof-of-burn remains superior. If the motivation is technological, they can work on existing open-source XCP software.
You have to realize that companies like Overstock issue NDA's (non-disclosure agreements) that people have to sign. They can't say anything, it's in their contract. It's up to Overstock to make the announcement, not Counterparty devs.
January 18, 2015, 07:23:49 AM
Well I dont know what kind of a "positive announcements" You got but If XCP alliance with Overstock is broken price will fall to 0.005...
If the posters in this thread are accurate about smart contracts payments then I really really doubt it will ever go that low. The decentralized stock exchange already works... as someone else said, XCP has endless utility beyond Overstock... lets get more excited about decentralized things
Smart contracts were copied from Ethereum so probably many other will do the same...
We need a statement what is going on
January 18, 2015, 06:09:04 AM
Well I dont know what kind of a "positive announcements" You got but If XCP alliance with Overstock is broken price will fall to 0.005...
If the posters in this thread are accurate about smart contracts payments then I really really doubt it will ever go that low. The decentralized stock exchange already works... as someone else said, XCP has endless utility beyond Overstock... lets get more excited about decentralized things
January 18, 2015, 05:15:36 AM
There is a bit of confusion in the air with regards to some of the recent quotes by the Overstock CEO and the various interpretations of them. It's arguable that they do seem to be getting progressively vague and I can see why some might get the idea this is Byrne distancing himself, while others adopt the mindset it's business as usual in the background and recent price action is just an excuse to take advantage of a price dip based on skewed info. I'd expect the developers to be under some sort of NDA preventing them from saying too much beyond what's already said so I don't think you will be able to rely on full clarifications right now.
It's a shame to see hot/cold snippets trickle down into the news then waves of buying or selling based simply on said snippets, although it's not as if you would expect market participants to not react to them. A binary yes or no, or no news at all would be preferable. However Let's not forget CounterParty has great value potential since far before Medici was ever announced, has continued to show great promise more than a year later with incredible unexpected additions like turing complete scripting language, multisig, to name just two. Hope that we don't stay in a cycle of ups and downs with everything revolving around the currently non-existant Medici
It's a shame to see hot/cold snippets trickle down into the news then waves of buying or selling based simply on said snippets, although it's not as if you would expect market participants to not react to them. A binary yes or no, or no news at all would be preferable. However Let's not forget CounterParty has great value potential since far before Medici was ever announced, has continued to show great promise more than a year later with incredible unexpected additions like turing complete scripting language, multisig, to name just two. Hope that we don't stay in a cycle of ups and downs with everything revolving around the currently non-existant Medici
Yes, the situation is unclear---sorry, we just can't say much at the moment. There'll be some relevant (positive) announcements very soon, though! Suffice it to say that Evan, Robby and I will all be working on Counterparty for the forseeable future.
Well I dont know what kind of a "positive announcements" You got but If XCP alliance with Overstock is broken price will fall to 0.005...
January 18, 2015, 02:05:36 AM
their deposit works, withdrawal won't...
much logic ? nope
much logic ? nope
Deposits are easy to process as these are just bitcoin addresses. You can easily check if the coins have been received. But managing withdrawals take additional thought .....
January 17, 2015, 05:49:07 PM
When is very soon?
after extremely soon but before soon
this is masterxchange's Counterparty wallet http://blockscan.com/address?q=1XCPvihttZTyc1uJf3tx4ht9RLsajwxhH
so i'm not the only one waiting for withdrawals for so long (>3 days now)
so i'm not the only one waiting for withdrawals for so long (>3 days now)
https://twitter.com/EmilienDutang/status/552867401084448768
https://twitter.com/EmilienDutang/status/552867925833834496
probably they still haven't managed to setup latest version or manually processing
their deposit works, withdrawal won't...
much logic ? nope
January 17, 2015, 05:35:40 PM
When is very soon?
after extremely soon but before soon
this is masterxchange's Counterparty wallet http://blockscan.com/address?q=1XCPvihttZTyc1uJf3tx4ht9RLsajwxhH
so i'm not the only one waiting for withdrawals for so long (>3 days now)
so i'm not the only one waiting for withdrawals for so long (>3 days now)
https://twitter.com/EmilienDutang/status/552867401084448768
https://twitter.com/EmilienDutang/status/552867925833834496
probably they still haven't managed to setup latest version or manually processing
January 17, 2015, 03:32:07 PM
Yes, the situation is unclear---sorry, we just can't say much at the moment. There'll be some relevant (positive) announcements very soon, though! Suffice it to say that Evan, Robby and I will all be working on Counterparty for the forseeable future.
When is very soon? 
January 17, 2015, 03:20:26 PM
Sorry if this is a stupid question, but if XCP are destroyed when being used for smart contracts and there are only 2.6 million. How will everyone be able to buy enough to run the contracts?
Like Matt said the XCP fees used in computation of smart contracts aren't constant values as they are in ethereum (like 1 XCP no matter what), but fractions of the total supply of XCP. Moreover XCP is divisible, So just as an example:
if there were only 1 XCP available a smart contract might cost 0.000001 XCP to run (and everyone would own fractions of a single XCP). Whereas if there were 1,000,000 XCP available a smart contract might cost 1 XCP to run. In both cases the amount of XCP in relation to the total supply, and roughly dollar worth of the XCP spent on running a contract could (and usually would be expected) to be the same, since In an efficient market you'd expect the opportunity cost of spending XCP to execute a smart contract would remain competitive. Nobody is going to spend $500 equivalent in XCP to run a smart contract that embeds a hash in the blockchain
So as more and more contracts are running, it will be possible to run more and more with 1 XCP as time goes on?
Yeah.
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