[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 127.

Anotheranonlol

hero member

Activity: 588

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Quote from: BldSwtTrs on January 17, 2015, 03:32:07 PM

When is very soon?

after extremely soon but before soon

Quote from: SalimNagamato on January 17, 2015, 03:14:17 PM

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)

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

BldSwtTrs

legendary

Activity: 861

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Quote from: PhantomPhreak on January 12, 2015, 05:01:26 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?

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: gumcruise on January 17, 2015, 02:20:20 PM

Quote from: Anotheranonlol on January 17, 2015, 11:56:19 AM

Quote from: gumcruise on January 17, 2015, 11:28:07 AM

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.

SalimNagamato

legendary

Activity: 924

Merit: 1000

Quote from: mishax1 on January 17, 2015, 04:47:20 AM

Quote from: SalimNagamato on January 16, 2015, 10:13:45 PM

is it possible to block masterxchange's wallet on Counterparty network ?
Counterparty assets are trapped there
Requested withdrawal 3 days ago (a lot more than 48 hours) and got nothing
no answer from their support

yet another reason to use decentralized exchange...

Never had any problems with masterxchange and usually all withdrawals take less than 24 hours.. never more than 48 hours.

Did you try to cancel your pending process and withdraw again ?

i also never had problem with withdrawals in the past, usually took less than 48 hours.
but support email won't even answer emails

edit: btw i was not trying to arbitrage or anything .requested an Asset withdrawal long before it was added in another exchange.. (reqruested withdraw 1/14.. )
should at least warn everybody about this
and look if their wallet moves assets to sell them.

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)

gumcruise

newbie

Activity: 35

Merit: 0

Quote from: Anotheranonlol on January 17, 2015, 11:56:19 AM

Quote from: gumcruise on January 17, 2015, 11:28:07 AM

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?

Anotheranonlol

hero member

Activity: 588

Merit: 504

Quote from: gumcruise on January 17, 2015, 11:28:07 AM

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

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: gumcruise on January 17, 2015, 11:28:07 AM

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?

They are infinitely divisible and the rate at which XCP is burned in order to fuel the contracts is floating. While we will never run out, XCP is probably going to be fairly deflationary.

gumcruise

newbie

Activity: 35

Merit: 0

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?

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: Chang Hum on January 15, 2015, 08:47:33 PM

Just looking for a clean way to tie a customers personal delivery address (without making it public) to their redeemed counterparty vouchers eliminating the risk of anyone gaming it somehow. The only alternative to something like message signing that I can immediately think of would be to take it on trust people are making valid claims to addresses that they can publicly see on the Blockchain, which I don't thinks feasible.

This sounds similar to a regular BTC purchase. Maybe you could create a new receiving address for each customer and the process would be the other way around: a) customer provides delivery address, b) shop (...) reveales unqiue destination to send the voucher to, c) customer sends voucher.

mishax1

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Quote from: SalimNagamato on January 16, 2015, 10:13:45 PM

is it possible to block masterxchange's wallet on Counterparty network ?
Counterparty assets are trapped there
Requested withdrawal 3 days ago (a lot more than 48 hours) and got nothing
no answer from their support

yet another reason to use decentralized exchange...

Never had any problems with masterxchange and usually all withdrawals take less than 24 hours.. never more than 48 hours.

Did you try to cancel your pending process and withdraw again ?

deliciousowl

sr. member

Activity: 432

Merit: 250

Quote from: SalimNagamato on January 16, 2015, 10:13:45 PM

is it possible to block masterxchange's wallet on Counterparty network ?

Counterparty network = Bitcoin network.

It's impossible to block or restrict access for anyone. If you have internet, you can always use the Bitcoin network.

penoze

legendary

Activity: 1235

Merit: 1003

https://minepi.com/cryptomeneer

Quote from: mitache365 on January 17, 2015, 04:10:51 AM

Quote from: penoze on January 17, 2015, 03:42:12 AM

Quote from: Matt Y on January 16, 2015, 10:28:44 PM

Quote from: WhalingWhales on January 16, 2015, 10:26:17 PM

Hi Guys, just arrived here and very excited that i have found this project

Well done getting it to where you have awesome project!

Question on smartcontracts please, is it already possible to create a smart contract within counterparty now? I have only just got a wallet and cannot seem to find how Undecided

Or is it a work in progress?

Thanks

They are live on testnet now and will be live on mainnet around March.

Do i understand good that counterparty will implanting smart contracts?
(didn't read the page history in this thread)

right understanding

Okay thanks for the information. Cheesy

mitache365

hero member

Activity: 732

Merit: 500

Quote from: penoze on January 17, 2015, 03:42:12 AM

Quote from: Matt Y on January 16, 2015, 10:28:44 PM

Quote from: WhalingWhales on January 16, 2015, 10:26:17 PM

Hi Guys, just arrived here and very excited that i have found this project

Well done getting it to where you have awesome project!

Question on smartcontracts please, is it already possible to create a smart contract within counterparty now? I have only just got a wallet and cannot seem to find how Undecided

Or is it a work in progress?

Thanks

They are live on testnet now and will be live on mainnet around March.

Do i understand good that counterparty will implanting smart contracts?
(didn't read the page history in this thread)

right understanding

penoze

legendary

Activity: 1235

Merit: 1003

https://minepi.com/cryptomeneer

Quote from: Matt Y on January 16, 2015, 10:28:44 PM

Quote from: WhalingWhales on January 16, 2015, 10:26:17 PM

Hi Guys, just arrived here and very excited that i have found this project

Well done getting it to where you have awesome project!

Question on smartcontracts please, is it already possible to create a smart contract within counterparty now? I have only just got a wallet and cannot seem to find how Undecided

Or is it a work in progress?

Thanks

They are live on testnet now and will be live on mainnet around March.

Do i understand good that counterparty will implanting smart contracts?
(didn't read the page history in this thread)

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: WhalingWhales on January 16, 2015, 10:26:17 PM

Hi Guys, just arrived here and very excited that i have found this project

Well done getting it to where you have awesome project!

Question on smartcontracts please, is it already possible to create a smart contract within counterparty now? I have only just got a wallet and cannot seem to find how Undecided

Or is it a work in progress?

Thanks

They are live on testnet now and will be live on mainnet around March.

WhalingWhales

full member

Activity: 168

Merit: 100

Hi Guys, just arrived here and very excited that i have found this project

Well done getting it to where you have awesome project!

Question on smartcontracts please, is it already possible to create a smart contract within counterparty now? I have only just got a wallet and cannot seem to find how Undecided

Or is it a work in progress?

Thanks

SalimNagamato

legendary

Activity: 924

Merit: 1000

is it possible to block masterxchange's wallet on Counterparty network ?
Counterparty assets are trapped there
Requested withdrawal 3 days ago (a lot more than 48 hours) and got nothing
no answer from their support

yet another reason to use decentralized exchange...

deliciousowl

sr. member

Activity: 432

Merit: 250

Quote from: ElTomeko27 on January 16, 2015, 02:19:29 PM

Any updates about Medici project would be very welcome... if its possible Roll Eyes

This is all that has been said so far:

Quote from: PhantomPhreak on January 12, 2015, 05:01:26 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.

ElTomeko27

sr. member

Activity: 371

Merit: 250

Any updates about Medici project would be very welcome... if its possible Roll Eyes

mitache365

hero member

Activity: 732

Merit: 500

nice to see all theese active XCP news

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 127. (Read 1276936 times)