Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 135. (Read 1276789 times)

To send to a multisig address, just put in the destination field a multisig (m of n) address with this format: n_address1_address2_m

In order to set up your own multi-sig address, you do the following:

• Create 2 or 3 addresses in Counterwallet
• Make a regular transaction with each of these addresses, so that the pubkey of each address is visible on the blockchain.

Then you be able to add these as a multi-sig address here (following the same format 2_address1_address2_m or 3_address1_address2_address3_m):



Now you can use your multi-sig address like a normal address to make a (or any type of) transaction. However because it is a multi-sig transaction, you will get an unsigned raw transaction. In order to broadcast it, you will need to sign it with each address (varies based on your chosen m-of-n).

You can use the "sign transaction" action for each corresponding address that is required to make it valid.

According to recent posts, they are avoiding anything that could get them in trouble with the SEC. So the tokens will be used in a way that do not fall under any existing jurisdiction, making this situation even more confusing.

there is a lot of bias and lack of knowledge in the space

if the Reddit board members should speak with the Overstock CEO and Medici guys, that is probably the right direction to take.  if they want faster tx then do it using dogeparty rather than xcp/btc but the biggest hurdle is setting it up so that it gets approval from the SEC.

I'm really confused why he would consider sidechains over Counterparty, since they really are nothing more than theory currently.

I was pretty surprised as well.

they should be using dogeparty or ripple, or launch a DPOS type coin with fast transfer times.  that guy is so biased i am surprised that the reddit guys hired someone like that.  good luck to them.

Interesting reading below re: Reddit notes

https://twitter.com/ryanxcharles/status/546030260685254656
http://www.reddit.com/r/redditnotes/comments/2pqp2o/post_all_of_your_reddit_notes_questions_here/cn011ei?context=3
http://www.reddit.com/r/SubredditDrama/comments/2ptevw/reddit_announces_reddit_notes_gives_very_little/cn00cnr?context=3
http://www.reddit.com/r/Bitcoin/comments/2pt4kl/reddit_announces_reddit_notes_aka_reddit_bitcoin/cmzv4na?context=3

I was curious about what exactly "Counterparty is awesome and is the right tool for a lot of projects, but there are a few reasons that make it less than ideal for reddit.. " entailed (technically speaking, CounterParty seemed to be a decent fit for such a deployment, and is pretty mature as far as these things go) The rationale seemingly boils down to 'purist' ideological biases moreso than specific technical concerns

http://www.reddit.com/r/blog/comments/2owj55/welcome_drew_ryan_mike_daniel_joe_dave_david/cmrzqtu?context=3

Regardless It's exciting to see larger entities recognising the possibility of low friction, open blockchain based asset ownership tech

newbie question, how do I use the command line on counterpartyd (my linux pc)
to send coins (ie SJCX) from one address to another?

New counterpartyd Release: v9.49.2 (non-mandatory). Release Notes at https://github.com/CounterpartyXCP/counterpartyd/releases

People have been using Skype, but I've just created two Gitter rooms for people to use:

https://gitter.im/CounterpartyXCP/General
https://gitter.im/CounterpartyXCP/Technical

Thanks for the update. I wouldn't mind taking some time to try and contribute to the new wiki

on that note, has CounterParty got a community or dev chat slick/hipchat etc? I can see old references to a skype group but no idea how to get to it, irc seems pretty dead and they both seem like shitty ways to do group collab

Counterparty Development Update #7: Improved Release Process, New Counterparty WIki & More http://counterparty.io/news/counterparty-development-update-7/

Cool, I believe such transactions will be common in the future.

An example is Alice the Musician. She sells her mp3's for 0.05 BTC each. She realizes that she can reward fans who blog about her, write in forums, etc, by giving them a discount token, ALICECOIN. One Alicecoin is backed by a 0.01 BTC discount.

When buying with discount, the buyer transfers 0.04 BTC + 1 ALICECOIN in one transaction.

A huge advantage for Alice is that there are no direct costs with issuing the coin, but the fans who anyway would buy mp3's see a real value in it. Holders of the coin who do not want to buy her music - even with a discount - will try to sell it on the DEX. If she gives away a reasonable amount of coins the market price should be slightly less than 0.01 BTC.

It actually is implemented, both in the CLI and the API, at a per-transaction level:


It's useful if you're making a *lot* of (similar) transactions, and want to lower your costs as much as possible. The default fee and dust values are very generous, because they have to work well in all circumstances.

Surely someone here would be able to tell me if any of the developers for XCP would ever engage in "working for hire" to develop another coin, such as XPY, with the same or similar properties?  I ask this because the founders of XPY have extremely deep pockets and I can't see how or why it would be a conflict since the code is open source.  If not Counterparty developer's coding, it would sure be interesting to know what or whose coding will be utilized.

In full disclosure, I have a ladder of multiple open orders to purchase a sizable amount of XCP at a price below the current market.  This week I invested 200 btc into another coin, XPY, which is claimed to have similar capabilities of Counterparty.   http://www.coindesk.com/gaw-miners-altcoin-launch-sparks-speculative-frenzy/

I would like a candid analysis (from perhaps someone familiar with coding) that could provide the advantages of Counterparty over XPY.  Here is the source code: https://github.com/GAWMiners/paycoin  I am not sure if the "Counterparty" properties have yet been introduced into the code.   I initially got into XPY as a trade, but certainly not committed for the long term until I learn more.

I like Counterparty vs XPY in that there are far fewer coins which should bode well for long term value.  However, beyond this, I need to understand the technical advantages and or disadvantages of one over the other.  

Any input on this will be greatly appreciated and Happy Holidays!