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Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 128. (Read 1276789 times)

hero member
Activity: 588
Merit: 504
Hoping someone can help answer a quickie as don't have any bitcoin or XCP to test this out

I want to use Counterparty as a voucher system for a kickstarter reward on a project I'm working on, but to prevent fraud and enable administration of delivery on redeemed vouchers I was hoping a message could be sent along with the transmission of assets?

Could I do this with the sign message or sign transaction feature I can see in Counterparty's online wallet?

-Customer registers their voucher (counterparty) address, along with delivery address on my site and are given a security pin.
-Customer redeems voucher by sending to my counterparty address along with the security pin they got on registration as a signed message, confirming ownership of the token relating to that shipping address.

I might be missing the point of what a signed message or transaction is so would appreciate clarification. Cheers  Smiley


Unfortunately, you cannot send a message/text along with a transaction.

The recommended way is to setup unique addresses for each of these transactions and get the clients to send the token to those uniquely assigned addresses.

The message signing is more for things like verifying "address" ownership

Cheers

Won't something like your own http://pay.blockscan.com/ demo work?

--Customer registers their voucher (counterparty) address, along with delivery address on site and are given a security pin.
--Customer redeems voucher by completing invoice on site.

You would already have knowledge of the customer by their receiving BTC/CounterParty address. I'm assuming this is a once time use voucher entitling perks or discounts. Once the voucher is redeemed to issuer, it can't be re-used nor lent out, it's difficult to steal, and alone the token is a stronger authentication than a security pin, what's the requirement of a PIN?
legendary
Activity: 1106
Merit: 1026
I want to use Counterparty as a voucher system for a kickstarter reward on a project I'm working on, but to prevent fraud and enable administration of delivery on redeemed vouchers I was hoping a message could be sent along with the transmission of assets?

Can you go into detail what you intend to do? "Prevent fraud" and "enable administration of delivery" is a bit vague, at least for me. Maybe there is another route than pushing messages along redemption.
hero member
Activity: 700
Merit: 500
Hoping someone can help answer a quickie as don't have any bitcoin or XCP to test this out

I want to use Counterparty as a voucher system for a kickstarter reward on a project I'm working on, but to prevent fraud and enable administration of delivery on redeemed vouchers I was hoping a message could be sent along with the transmission of assets?

Could I do this with the sign message or sign transaction feature I can see in Counterparty's online wallet?

-Customer registers their voucher (counterparty) address, along with delivery address on my site and are given a security pin.
-Customer redeems voucher by sending to my counterparty address along with the security pin they got on registration as a signed message, confirming ownership of the token relating to that shipping address.

I might be missing the point of what a signed message or transaction is so would appreciate clarification. Cheers  Smiley


Unfortunately, you cannot send a message/text along with a transaction.

The recommended way is to setup unique addresses for each of these transactions and get the clients to send the token to those uniquely assigned addresses.

The message signing is more for things like verifying "address" ownership

Cheers

Thanks

The message signing would be necessary for the "registration" part of the process.  After that, a PIN is unnecessary.

*Customer creates Counterwallet
*You generate a specifically formatted message to be signed by customer: "I am John Smith, my Kickstarter account email address is [email protected], I live at 1111 Main St., Anytown, USA, and I backed Chang Hum's Kickstarter at XXX level"
*Customer signs that message with Counterwallet, thereby proving their ownership of 1XXXX Counterparty address.
*You verify the message and store the address alongside their other account info.
*You send the token(s) via Counterparty to registered addresses.
*When you receive token(s) back, you identify the owner of the 1XXXX address and send them their rewards.

It's kind of a Rube Goldberg machine, so you'd want to have a good reason for doing it this way other than novelty.
hero member
Activity: 714
Merit: 502
Hoping someone can help answer a quickie as don't have any bitcoin or XCP to test this out

I want to use Counterparty as a voucher system for a kickstarter reward on a project I'm working on, but to prevent fraud and enable administration of delivery on redeemed vouchers I was hoping a message could be sent along with the transmission of assets?

Could I do this with the sign message or sign transaction feature I can see in Counterparty's online wallet?

-Customer registers their voucher (counterparty) address, along with delivery address on my site and are given a security pin.
-Customer redeems voucher by sending to my counterparty address along with the security pin they got on registration as a signed message, confirming ownership of the token relating to that shipping address.

I might be missing the point of what a signed message or transaction is so would appreciate clarification. Cheers  Smiley


Unfortunately, you cannot send a message/text along with a transaction.

The recommended way is to setup unique addresses for each of these transactions and get the clients to send the token to those uniquely assigned addresses.

The message signing is more for things like verifying "address" ownership

Cheers

Thanks
legendary
Activity: 876
Merit: 1000
Etherscan.io
Hoping someone can help answer a quickie as don't have any bitcoin or XCP to test this out

I want to use Counterparty as a voucher system for a kickstarter reward on a project I'm working on, but to prevent fraud and enable administration of delivery on redeemed vouchers I was hoping a message could be sent along with the transmission of assets?

Could I do this with the sign message or sign transaction feature I can see in Counterparty's online wallet?

-Customer registers their voucher (counterparty) address, along with delivery address on my site and are given a security pin.
-Customer redeems voucher by sending to my counterparty address along with the security pin they got on registration as a signed message, confirming ownership of the token relating to that shipping address.

I might be missing the point of what a signed message or transaction is so would appreciate clarification. Cheers  Smiley


Unfortunately, you cannot send a message/text along with a transaction.

The recommended way is to setup unique addresses for each of these transactions and get the clients to send the token to those uniquely assigned addresses.

The message signing is more for things like verifying "address" ownership

Cheers
hero member
Activity: 714
Merit: 502
Hoping someone can help answer a quickie as don't have any bitcoin or XCP to test this out

I want to use Counterparty as a voucher system for a kickstarter reward on a project I'm working on, but to prevent fraud and enable administration of delivery on redeemed vouchers I was hoping a message could be sent along with the transmission of assets?

Could I do this with the sign message or sign transaction feature I can see in Counterparty's online wallet?

-Customer registers their voucher (counterparty) address, along with delivery address on my site and are given a security pin.
-Customer redeems voucher by sending to my counterparty address along with the security pin they got on registration as a signed message, confirming ownership of the token relating to that shipping address.

I might be missing the point of what a signed message or transaction is so would appreciate clarification. Cheers  Smiley
full member
Activity: 121
Merit: 100
Counterparty General Manager
HI all, here's our usual community update: Counterparty Community Update, Jan 14: Hackathon Win, Counterwallet FAQ, Dev Updates & More http://counterparty.io/news/counterparty-community-update-jan-14/
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
hi guys,

BTC2.0 SPV wallet compatible with XCP, GEMS, STORJ, SWARM




https://bitcointalksearch.org/topic/ann-xtc-tilecoin-iot-internet-of-things-bitcoin-blockchain-app-761852

solid development with these ppl and company behind

1. Jeremie Miller  (Pinocc.io)
2. Eric Jennings  (Pinocc.io)
3. Josh Datko (cryptotronix)
4. Usman Haque (thingful.net)


That's cool!

whats the URL to test?

0.0.2  mainnet is working perfectly as local XCP wallet.

try this one

https://bitcointalksearch.org/topic/m.9875374

i'll wait for a security clearance
legendary
Activity: 1330
Merit: 1000
hi guys,

BTC2.0 SPV wallet compatible with XCP, GEMS, STORJ, SWARM




https://bitcointalksearch.org/topic/ann-xtc-tilecoin-iot-internet-of-things-bitcoin-blockchain-app-761852

solid development with these ppl and company behind

1. Jeremie Miller  (Pinocc.io)
2. Eric Jennings  (Pinocc.io)
3. Josh Datko (cryptotronix)
4. Usman Haque (thingful.net)


That's cool!

whats the URL to test?

0.0.2  mainnet is working perfectly as local XCP wallet.

try this one

https://bitcointalksearch.org/topic/m.9875374
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
hi guys,

BTC2.0 SPV wallet compatible with XCP, GEMS, STORJ, SWARM




https://bitcointalksearch.org/topic/ann-xtc-tilecoin-iot-internet-of-things-bitcoin-blockchain-app-761852

solid development with these ppl and company behind

1. Jeremie Miller  (Pinocc.io)
2. Eric Jennings  (Pinocc.io)
3. Josh Datko (cryptotronix)
4. Usman Haque (thingful.net)


That's cool!

whats the URL to test?
hero member
Activity: 588
Merit: 504
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.

Thanks for the clarification. We'll have to stay tuned for that announcement.


On a different topic I’ve been wondering recently if there are any plans for how we can drive increased use and adoption of the DEX. I know that the vending service was relaunched recently but haven’t seen much happen beyond that. Granted a lot has happened since XCP was initialized a year ago but one of the selling features initially was the DEX itself and the value that this would provide over centralized exchanges. I don’t personally have any concrete suggestions yet but it’s certainly something that I’ve been thinking about a lot.  



Well IMO A big problem now is BTC dragging the whole markets down compared to when it was on a manic rise, despite the fact CounterParty has rightly relegated MasterCoin to the depths of coinmarketcap, CounterParty is still worth dollar denominated 1/10 of what MasterCoin was at it's peak. A lot of people are just getting more and more fed up and feeling like the safest place is back into fiat. The alt-markets are perhaps in the saddest state I've ever seen. A rising or at least horizontal BTC price gives users more comfort in experimenting medium-long term in alternative projects that really do deserve that kind of attention, like this project. I've noticed the quick flips and pump&dumps tend to fare better in bullish markets, people can make a quick buck in a short time with not much exposure and hop back into fiat, offsetting the losses from downtrending btc and driving more funds out of 'legit' projects.

As far as pushing increased adoption of the DEX, one of the biggest hurdles holding back wider scale adoption IMO is working with bitcoin in a secure way. After the recent gox, mintpal & bitstamp debacles now really is a great position for decentralized tech to start getting a little extra limelight but many in the scene seem deathly allergic to altcoins. There are stop-gap almost sidechan-like solutions like Vennd and BITCOINEX which work brilliantly once you're in the CounterParty ecosystem by creating the equivalent counterparty-btc for real btc inserted and allowing users to trade back at any time, but there's this additional mental layer involved for users new to the process and at least initially some users have an automatic block once the process becomes slightly fragmented and they aren't directly working with their BTC but kind of 1:1 IOU tokens, although essentially in a centralized exchange you don't have control over your BTC anyway and are also essentially holding IOU's , not to mention there's often no visible way to audit the sites reserves to be sure they aren't going fractional reserve on the users.

Something you can see starting to come together is the emergence of Blockchain 2.0 projects leveraging the CounterParty protocol. A recent example is GEMZ. Although GEMZ are native CounterParty assets and enjoy secure (albeit not instantaneous) peer-to-peer trading on CounterParty's decentralized order book many users will trade them back and forth for BTC on traditional exchanges, out of convenience,habit, or a desire for BTC. If you imagine a scenario where a user doesn't want to buy or sell GEMZ for another asset, instead they want to use XCP, or SJCX, or whatever other exciting project comes next  it might make more sense for them to directly list it on the DEX. SJCZ & GEMZ alone currently have a couple million dollars in market capitalisation which could provide a fair amount of transactional activity should users decide to start trading more on the DEX, but as the old wall street saying goes, liquidity begets liquidity.

Then you have the world of smart contracts on-top of that, not currently deployed mainnet but a lot of exciting possibilities there. It's an idea that's got a lot of coverage yet I think we've barely scratched the surface as to the possibilities. I certainly don't grasp the implications right now.

The whole crypto movement as an evolutionary process, the ecosystem begins to gradually filter out the irrelevant cruft and refine the needed portions. Certain projects begin emerging to fill in a piece of the puzzle. I think CounterParty fills an important part of this puzzle, enabling Bitcoin to fill roles it could of previously never filled in it's current state, without the leap away from the ledger with the already established network effect. Bitcoin purists can get a hard on for Sidechains all day long but all average joe has now to look at is a whitepaper while XCP just put the code out without the hand out and has continued to put code out here and now.

CounterParty itself is in an evolving state too, and there are pieces of the puzzle that could come together at any time. e.g emergence of trusted guarantors (could be as simple as an established exchange allowing fiat withdrawal/deposit to counterparty), external apps directly leveraging xcp instead of a token, fiat onramps,  larger otc presence, p2p exchanges, physical-digital asset representation bridges, further research into secure btcpays, etc  I have some personal ideas that are a while away from fruition (few months before it's even known whether they'll be possible) and I'm sure there's possibilities potentially years away, slow and steady seems a nice approach compared to a sudden boom and bust.  

Then there's things that can happen of their own accord, in a snowball effect purely by a byproduct of CounterParty reaching a certain level of maturity.
Still bear in mind even in this early stage, at the current moment today CounterParty transactions represented 2% of all Bitcoin transactions, not insignificant at all and quite exciting when you realise a 5x increase in usage is not in the completely crazy realm.



member
Activity: 97
Merit: 10
hi guys,

BTC2.0 SPV wallet compatible with XCP, GEMS, STORJ, SWARM




https://bitcointalksearch.org/topic/ann-xtc-tilecoin-iot-internet-of-things-bitcoin-blockchain-app-761852

solid development with these ppl and company behind

1. Jeremie Miller  (Pinocc.io)
2. Eric Jennings  (Pinocc.io)
3. Josh Datko (cryptotronix)
4. Usman Haque (thingful.net)


That's cool!
legendary
Activity: 1330
Merit: 1000
hi guys,

BTC2.0 SPV wallet compatible with XCP, GEMS, STORJ, SWARM




https://bitcointalksearch.org/topic/ann-xtc-tilecoin-iot-internet-of-things-bitcoin-blockchain-app-761852

solid development with these ppl and company behind

1. Jeremie Miller  (Pinocc.io)
2. Eric Jennings  (Pinocc.io)
3. Josh Datko (cryptotronix)
4. Usman Haque (thingful.net)
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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

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.

good to know, i think many were getting worried that 2 of the founders of the project would get distanced from it.
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
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

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.
hero member
Activity: 732
Merit: 500
will be not bad to have multipool and getting XCP from mining.
sr. member
Activity: 432
Merit: 250
I totally agree with your post but it would be nice to have at least a comment, even if it's "we can't say anything because we're under an NDA". Whether we agree with the market action or not I think it's reasonably clear that it is placing a high value on counterparty being associated with Medici. But anyway I hear your point and agree with everything you’ve said.

On a different topic I’ve been wondering recently if there are any plans for how we can drive increased use and adoption of the DEX. I know that the vending service was relaunched recently but haven’t seen much happen beyond that. Granted a lot has happened since XCP was initialized a year ago but one of the selling features initially was the DEX itself and the value that this would provide over centralized exchanges. I don’t personally have any concrete suggestions yet but it’s certainly something that I’ve been thinking about a lot.  


Smart contracts (and more projects that use XCP).
hero member
Activity: 588
Merit: 504
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
sr. member
Activity: 308
Merit: 250
do this coin have a windows desktop wallet an official one?
sr. member
Activity: 266
Merit: 250

Tile coin is a cryptoken which has enables access.
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