Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 132. (Read 1276789 times)

Have any additional devs been hired now that Robby and Evan are working full time on Medici?

XCP listed on a new exchange:
https://alts.trade/trade/XCP/BTC



I think I heard March/April? (probably after smart contracts, which are the priority.)

Others may be working on visual wallets too (Koinify, Medici of Overstock, etc...) You can use the command line interface for now, since it's really not that bad.

Any estimation when the desktop wallet will be out, want to use it for gemz

2015 IS XCP YEAR !!!

Funny, it's almost as if those who yell the loudest are the same that do the least research.  

Here is a very quick and arbitrarily abstract Venn diagram of the cryptocurrency ecosystem with an emphasis on the Bitcoin ecosystem and the fundamentally different fields of discussion and development that are currently operational and will be operational in the near future:



There already is an "Alternate Cryptocurrencies" sub-forum. There are very clear use cases for a dedicated "Bitcoin 2.0 Technology" sub-forum which can be further subdivided into "Sidechains" and "Metacoins".

https://bitcointalksearch.org/topic/m.9939537

Everyone in this thread are sure Counterparty is only clone and altcoin

Looking at the parallels with Bitcoin development, we can see that the law of exponential advancement is pretty much coming true. Counterparty is evolving at a faster rate, and I hope we can see mass adoption with 1-2 years. Happy Birthday to my favorite "2.0" project, which most certainly is not an altcoin. I think Satoshi would be proud

Celebrating the One Year Anniversary of the Counterparty Project. Happy Birthday Counterparty! http://counterparty.io/news/celebrating-one-year-anniversary-of-the-counterparty-project/

Yes, it is Peer-to-Peer. Anyone can join in.


Source: http://www.coindesk.com/factom-white-paper-outlines-record-keeping-layer-bitcoin/

It doesn't matter if Viacoin is merge mined. This isn't about being better than a human being nor is it about setting a precedent - It is already quite obvious that this method of trusted timestamping is fundamentally sound and will be universally accepted just like digital signatures have been - https://en.wikipedia.org/wiki/Digital_signatures_and_law.

This is all about making a user-friendly (and enterprise-friendly) system. I already use Proof of Existence (and my own version of Proof of Process) daily in a Research and Development environment. When something like Factom is set up, it will be used by many.

is this a p2p network? It seems like it is not? Or is that what is mean by nodes?

I'm not missing the point that bitcoin may be more secure than viacoin, which by the way is now merged mined. I don't think that this is a big sales point as any reasonable secure blockchain network is better than a human being time-stamping a document.  Additionally, however, there are no court cases as far as I know which have set any precedent for equating block chain based time stamps to traditionally notarized documents.  Although perhaps in some recent criminal cases they may have used it as evidence that certain transactions occurred.

In order to power this network, Factom plans to deploy a P2P network of nodes that act as global mechanisms for keeping the system running and efficiently processing Chain updates. Fueling the top-level system will be in-house tokens known as factoids that will be exchanged for Entry Credits that are then used to input data into the system.

What I mean by "dedicated off chain... notary service/network" is captured in this image:



Factom have their own network (specifically designed for this notary service provision). The "last mile" of their protocol is to store a hash of what happened on their network in the Bitcoin Blockchain (because Bitcoin has the best security).

Currently the Clearinghouse features amount to little more than the general Proof of Existence (http://www.proofofexistence.com/) concepts/features, but on a less secure Blockchain (Viacoin). People are using Proof of Existence (see the latest registrations and confirmations).

Maybe this is the bit that you are missing - if you want to prove that a document existed, you'd better use the MOST secure Blockchain possible. Right now that is Bitcoin. That is why people use Proof of Existence and they will use Factom but they don't use the corresponding XCH features.

EDIT: This is also why the XCH notary features would be better implemented in Counterparty, because the hashes are committed to the Bitcoin Blockchain.

Also, as an aside for anyone interested, Counterparty could notarize a checkpoint hash of it's own data/database to the Bitcoin Blockchain. This could be done with Smart Contracts, for example. This could allow (potentially by SPV) for downloading CP data from any channel (torrents, usenet, radio etc.) and checking to see is that data legit by ensuring that the hash of that data matches the checkpoint hash.

TL;DR Rapid downloading of and simple authentication and verification of all Counterparty Data (up to a recent checkpoint) using an SPV client is probably possible.