[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 150.

Equality 7-2521

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Quote from: drakoin on November 28, 2014, 08:00:45 AM

Is there an XCP price speculation thread somewhere?
I'd like to read a few opinions after this
from-50-up-to-245-and-now-down-to-133.

Thanks!

https://forums.counterparty.io/discussion/701/xcp-price-speculation

Equality 7-2521

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Quote

No response?
XCP investors were nailed with inside information + pump + dump.

Am I completely delusional with this? why no one speak about it?

I didn't lose anything (sold at 0.005 to the insider), but I guess many honest people have lost significantly amounts of money in here.

There was plenty of evidence to suggest that Counterparty got the Overstock gig well before the "official" announcement. Check this out - http://www.wired.com/2014/07/overstock-and-cryptocurrency/. July 30th? I read it that day. Did you? Did I start buying more XCP immediately and over the course of the following weeks? Of course I did.

This is an open source project. You can join in the development too if you like. Have a great idea for a project? Well if you do, maybe you should by some more XCP while developing your project so that you have some skin in the game.

1 XCP = 1 XCP. The only people who have lost fiat money are those who bought XCP with a view to "flip" them. Everyone else who bought them for their utility hasn't lost anything.

prophetx

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Quote from: drakoin on November 28, 2014, 08:00:45 AM

Is there an XCP price speculation thread somewhere?
I'd like to read a few opinions after this
from-50-up-to-245-and-now-down-to-133.

Thanks!

actually it started at about 0.00280, there was persistent buying from some time in the summer. i think some of that buying probably was the koinify people or the vennd guys. but at some point you can see in the charts that there were large buy orders placed a couple weeks before some announcements.

what is concerning to me is that XCP is not a corporation, and there is a PR firm involved and obviously some individuals are privy to information before other individuals.

perhaps the intention is not to cause waves of Pump & Dumps, but that is what is happening, and which is why we have regulated markets to stop situations like this because honest people get hurt at the expense of others with privileged positions.

drakoin

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see my profile

Is there an XCP price speculation thread somewhere?
I'd like to read a few opinions after this
from-50-up-to-245-and-now-down-to-133.

Thanks!

prophetx

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Merit: 1010

he who has the gold makes the rules

Quote from: pikuchato on November 28, 2014, 07:08:30 AM

Quote from: pikuchato on November 14, 2014, 11:28:29 PM

Quote from: NOjust on November 14, 2014, 11:15:57 PM

Quote from: SalimNagamato on November 13, 2014, 10:29:49 AM

Quote from: NOjust on November 13, 2014, 10:21:54 AM

such huge trade volume of xcp,
sad to sell at 005,realy pity for that.

you sold at 0.005 ?
still very good profit if you got them by burning
me only have 8, which i got for trading other nice asset on counterparty exchange

I bought some at 0.005 ,but still sell at it,
so pity for not to wait till now.

Don't be hard with yourself, whoever bought those coins had inside information.
Look at the graph, the uptrend began 1 month before the announcement itself.

I sold mine for 0.005 as well

Quote from: pikuchato on November 25, 2014, 05:09:59 PM

Quote from: deliciousowl on November 25, 2014, 10:04:40 AM

Quote from: psychocoin on November 25, 2014, 01:48:59 AM

XCP is going to #2 market cap. Give it a month or two.

I'd say six months... possibly a year.

Quote from: ElTomeko27 on November 25, 2014, 03:08:30 AM

0.01800 2176.307 39.17353BTC Nice sell wall on BTER... Someone really want to push the price down...

Great. I'll pick some up.

As a former xcp holder, I used to follow XCP trading quite closely.

XCP was traded for 0.003 for months,
30-45 days before the announcement about the etherum protocol implementation on top of xcp someone with inside information begun to buy massive amounts of xcp's.
The price drove up slowly up to 0.017 at the day of the announcement itself.
The hype took it higher to the range of 0.022-0.023 and after few days of trading someone pulled like 80% of the buy orders resulting in a very thick buy book.

You can call me paranoid, but that is my opinion (just look at the graphs before you kill me for fudding)

edit: I am saying this because in my opinion we still have a way until *real* floor is reached.
I am keeping an eye as well although currently I have no free btc to invest anyway (xcp is a great project with a great team I am just not sure about its current price).

The floor should be a bit higher then 0.003 which was the price before the insider pump, anyway I won't touch xcp again because they are playing with inside information - honest investors have no chance in here.

No response?
XCP investors were nailed with inside information + pump + dump.

Am I completely delusional with this? why no one speak about it?

I didn't lose anything (sold at 0.005 to the insider), but I guess many honest people have lost significantly amounts of money in here.

well i would have to say that it was somewhat obvious from the mention of overstock that something would happen in Fall of 2014. having worked with mastercoin earlier this year i am by no means an xcp "insider", and even i could guess that something would happen with overstock, but it was just an educated guess.

what however did take me by surprise though was the work on ethereum integration. while of course it is Adam's prerogative to work on whatever he wants, there was a coordinated PR campaign down with Social Radius as the PR firm. Since XCP is not a formal legal organization then certainly some people will have known about a major development before others since it usually takes at least a week or two to prepare this kind of stuff like interviews and articles, etc.

but i think you are correct, generally speaking, that the lack of timely information forthcoming when it actually happens from the major participants of the project seems to be creating information asymmetries which are causing these 2-3X pump and dumps over the last couple months rather than slow and steady value appreciation.

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Quote from: pikuchato on November 14, 2014, 11:28:29 PM

Quote from: NOjust on November 14, 2014, 11:15:57 PM

Quote from: SalimNagamato on November 13, 2014, 10:29:49 AM

Quote from: NOjust on November 13, 2014, 10:21:54 AM

such huge trade volume of xcp,
sad to sell at 005,realy pity for that.

you sold at 0.005 ?
still very good profit if you got them by burning
me only have 8, which i got for trading other nice asset on counterparty exchange

I bought some at 0.005 ,but still sell at it,
so pity for not to wait till now.

Don't be hard with yourself, whoever bought those coins had inside information.
Look at the graph, the uptrend began 1 month before the announcement itself.

I sold mine for 0.005 as well

Quote from: pikuchato on November 25, 2014, 05:09:59 PM

Quote from: deliciousowl on November 25, 2014, 10:04:40 AM

Quote from: psychocoin on November 25, 2014, 01:48:59 AM

XCP is going to #2 market cap. Give it a month or two.

I'd say six months... possibly a year.

Quote from: ElTomeko27 on November 25, 2014, 03:08:30 AM

0.01800 2176.307 39.17353BTC Nice sell wall on BTER... Someone really want to push the price down...

Great. I'll pick some up.

As a former xcp holder, I used to follow XCP trading quite closely.

XCP was traded for 0.003 for months,
30-45 days before the announcement about the etherum protocol implementation on top of xcp someone with inside information begun to buy massive amounts of xcp's.
The price drove up slowly up to 0.017 at the day of the announcement itself.
The hype took it higher to the range of 0.022-0.023 and after few days of trading someone pulled like 80% of the buy orders resulting in a very thick buy book.

You can call me paranoid, but that is my opinion (just look at the graphs before you kill me for fudding)

edit: I am saying this because in my opinion we still have a way until *real* floor is reached.
I am keeping an eye as well although currently I have no free btc to invest anyway (xcp is a great project with a great team I am just not sure about its current price).

The floor should be a bit higher then 0.003 which was the price before the insider pump, anyway I won't touch xcp again because they are playing with inside information - honest investors have no chance in here.

No response?
XCP investors were nailed with inside information + pump + dump.

Am I completely delusional with this? why no one speak about it?

I didn't lose anything (sold at 0.005 to the insider), but I guess many honest people have lost significantly amounts of money in here.

yeXIABC

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World's first. the dev's are great

BitThink

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Quote from: prophetx on November 27, 2014, 08:39:11 AM

Quote from: nakaone on November 27, 2014, 08:22:40 AM

where do I find information regarding trezor/xcp?

check out this https://www.ledgerwallet.com/

not sure how it compares but these guys have a good team and seems like they are continuing to innovate

i bought one in Paris, will test it out

feel free to retweet/favor so they know others would be interested in adding XCP support in their feature request pipeline

https://twitter.com/chloregy/status/537965831331016704

Seems really nice and much cheaper than Trezor. However, before it has its own screen in next version, it's still not safe enough during the seed generation. You still need to find a safe computer to generate seed and display them.

Equality 7-2521

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Quote from: nakaone on November 27, 2014, 08:22:40 AM

where do I find information regarding trezor/xcp?

https://github.com/CounterpartyXCP/counterwallet/issues/2
http://letstalkbitcoin.com/blog/post/beyond-bitcoin-17-counterpartying-with-robby-dermody - Robby talks about it here

prophetx

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Quote from: nakaone on November 27, 2014, 08:22:40 AM

where do I find information regarding trezor/xcp?

check out this https://www.ledgerwallet.com/

not sure how it compares but these guys have a good team and seems like they are continuing to innovate

i bought one in Paris, will test it out

feel free to retweet/favor so they know others would be interested in adding XCP support in their feature request pipeline

https://twitter.com/chloregy/status/537965831331016704

nakaone

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where do I find information regarding trezor/xcp?

prophetx

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Quote from: pankogulo on November 20, 2014, 01:16:27 AM

Quote from: prophetx on November 19, 2014, 10:34:23 PM

Quote from: pankogulo on November 19, 2014, 12:01:47 PM

Hi guys, here the new post - Counterparty Community Update, November 19th: AMA, Smart Contracts, From the Web & more: http://counterparty.io/news/counterparty-community-update-november-19/

might also want to do a weekly short post "for beginners" in "tool tips" style, etc. that we can share out and pique people's interest - a lot of new people won't get all this other stuff

maybe the main blog is not the right venue for it, etc. but there needs to be drip engagement for people with lower attention spans.

Good idea, would r/CounterpartyXCP work for that? It doesn't get a lot of traffic but if we share it across it might.

i'm not a big fan of reddit. facebook and twitter i think are better for quick tidbits of info

prophetx

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Quote from: romerun on November 20, 2014, 06:20:46 AM

Counterparty over POS coin is being discussed

http://www.peercointalk.org/index.php?topic=3594

oh good. i hope whoever is running this new foundation is talking to them.

more developers to join the ecosystem

prophetx

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Quote from: Kalkuuuta on November 23, 2014, 12:06:48 AM

Why there is so much big dumps always when price go little higher? Overstock buy under 0.01 all coins and now dump when they can not do Medici like they want with 0.0200? Tongue

What is situation with Medici, no any news or talk long time?

no...

please try to think logically

prophetx

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btw any word on btc38 support yet?

prophetx

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Quote from: getts on November 25, 2014, 07:00:42 PM

You have it totally wrong, GeminiSimba.

I am sincerely interested in investing, possibly a lot of money into Counteryparty, as I recenlty have into Bitcoin itself on this pullback. However, up to this point, I am not finding the answers that I need as an investor to justify putting out all this money, just to have it wiped out because someone else came up with the same coding in a different coin that took off and became the standard for these functionalists. You can't just bury your head in the sand and believe that just because the Counterparty coders are the brightest and have done the best job, with integrity, doesn't mean that it will ultimately become the most valuable coin. And yes, it is an alt coin, even though it is coded onto the Bitcoin blockchain.

If you, or anyone else, could address this beyond the "first to market" argument, I am eagerly awaiting a reason to put my money to work.

what is your question? don't have time to read through all the pages of drivel that is btctalk ...

i take a realist approach to investing in this space, and also demanding realism and progress from the projects.

you will however notice that due to the equal access provided by the Internet that there are a lot of fan boys and immature people in these and other forums, who for whatever reason attack people who question their favorite project. XCP is actually one of my favorite projects but I have no problem calling bullshit when I think I see it.

However, if you don't understand what the difference is between an alt coin and a meta coin, you need to spend some more time reading.... that is my advice to you.

Equality 7-2521

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I'd like to run the idea of an "offline" Counterparty Database by people. Right now by running a full Counterparty/Bitcoin node one gets their new updated set of Counterparty data every 10 minutes-ish with the release of each new valid Bitcoin Block (assuming there is even any new Counterparty data in the most recent Bitcoin block).

What if an application only needs a daily or weekly or yearly snapshot of all the Counterparty Data? If we had a hash of all Counterparty Data embedded in the Bitcoin Blockchain regularly, every 100 blocks say. Then an application could download just the most recent snapshot from any source (p2p, usenet, torrents, cloudstorage, ftp etc.). By using any trusted Bitcoin API or Blockexplorer they could check the hash of their downloaded Counterparty Data against the embedded hash.

This allows certain applications to remain disconnected from the internet for a period of time. Better still, the checkpoint hashes could be broadcasted via radiowaves (low cost, low power) to ensure the integrity of the data. In this case an application with a Counterparty snapshot could remain offline forever (if that makes sense for the application in question).

Related discussions:

https://www.reddit.com/r/Bitcoin/comments/2mkd0o/we_are_the_founders_of_counterparty_the_free_and/cm53q6b
https://github.com/CounterpartyXCP/counterpartyd/issues/419
https://www.reddit.com/r/Bitcoin/comments/2hc0uy/kryptoradio_successfully_broadcasts_bitcoin_over/

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very good progress

Equality 7-2521

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Quote from: PhantomPhreak on November 26, 2014, 10:16:07 AM

Quote from: Equality 7-2521 on November 26, 2014, 09:24:38 AM

Quote from: PhantomPhreak on November 26, 2014, 08:13:43 AM

Let's keep the discussion here focused on Counterparty. (PayCoin, in particular, seems to have no real connection to Counterparty or its functionality, and there already exist multiple clones of Counterparty on faster blockchains.)

Here, here. Keep up the great work!

Quote from: deliciousowl on November 26, 2014, 04:25:12 AM

Not recognizing true value of XCP is my favorite thing about crypto market psychology.

I agree. Until Counterparty is traded on a significant exchange the price is meaningless. I have a feeling that as soon as Kraken sort out their takeover of Mt.Gox and their push into the Japanese market they are the type of exchange who will support XCP and other CP asset trading. Before this happens a few things would help facilitate that:

1. Desktop/Server CP client (with GUI).
2. Enterprise security features: Multi-sig, Trezor Support etc. Think Armory for Counterparty.
3. At least a few high trading volume XCP assets (A version of Nubits [possibly one for every major Fiat curency] built on top of Counterparty would achieve this). Swarm really taking off could establish this too.
4. Establishment of the Counterparty Foundation (an official body that can be consulted for help).
5. Counterparty turning 1 year old (soon!).
6. Understanding that the Decentralized Exchange can be a powerful tool for a Centralized Exchange to interface with.
7. Understanding that the Smart Contracts can be a powerful tool for a Centralized Exchange to interface with.

Did I miss anything?

That's a good list!

(1) is in the works. re: (2), multisig is almost ready, and Trezor should work today AFAIK. (4), too, is already done! The rest of the list is sort of out of the Foundation's hands. Wink

Thanks for the response Adam. I knew about most of that progress, but that is just because I keep up to speed on developments. What is interesting is how people new to Counterparty will react in say, 6 months, when they stumble upon this project which has an incredibly powerful infrastructure and ecosystem. Even looking at it know there is a sense of "Crikey, they thought of everything!".

One thing I forgot to mention on that list can be captured by what I addressed to the Blockscan developer in his thread earlier today -

Quote

How well are you prepared for a huge amount of traffic directed towards Blockscan.com? I am aware of a number of projects (one in particular, once the free Asset Issuance rolls out) that will use online Counterparty Block Explorers (currently only Blockscan) heavily. Is there any way to pay for increased use of your API? Could you add more functionality to your API?

Are you familiar with services like https://block.io/ and https://chain.com/? Have you thought about positioning yourself to serve the corresponding Counterparty Market? Particularly focusing on "Enterprise" solutions? Perhaps you could be a go to service that the impending Counterparty Foundation recommends?

How many nodes are you connected to at any one time? I.e. are you well protected from a sybil attack?

Essentially, having one or more dedicated Counterparty/Bitcoin API companies may facilitate more innovation and applications even more quickly!

P.S: That is great to hear about the Trezor support. If it actually rolls out in Counterwallet shortly, then it could be the first wallet besides "myTrezor" - https://mytrezor.com/ - to officially support it! Electrum and Armory have yet to roll out their respective official implementations. On that note, Counterwallet is an absolutely awesome web wallet. Is there any chance of marketing it more to regular Bitcoin users?

PhantomPhreak

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Quote from: Equality 7-2521 on November 26, 2014, 09:24:38 AM

Quote from: PhantomPhreak on November 26, 2014, 08:13:43 AM

Let's keep the discussion here focused on Counterparty. (PayCoin, in particular, seems to have no real connection to Counterparty or its functionality, and there already exist multiple clones of Counterparty on faster blockchains.)

Here, here. Keep up the great work!

Quote from: deliciousowl on November 26, 2014, 04:25:12 AM

Not recognizing true value of XCP is my favorite thing about crypto market psychology.

I agree. Until Counterparty is traded on a significant exchange the price is meaningless. I have a feeling that as soon as Kraken sort out their takeover of Mt.Gox and their push into the Japanese market they are the type of exchange who will support XCP and other CP asset trading. Before this happens a few things would help facilitate that:

1. Desktop/Server CP client (with GUI).
2. Enterprise security features: Multi-sig, Trezor Support etc. Think Armory for Counterparty.
3. At least a few high trading volume XCP assets (A version of Nubits [possibly one for every major Fiat curency] built on top of Counterparty would achieve this). Swarm really taking off could establish this too.
4. Establishment of the Counterparty Foundation (an official body that can be consulted for help).
5. Counterparty turning 1 year old (soon!).
6. Understanding that the Decentralized Exchange can be a powerful tool for a Centralized Exchange to interface with.
7. Understanding that the Smart Contracts can be a powerful tool for a Centralized Exchange to interface with.

Did I miss anything?

That's a good list!

(1) is in the works. re: (2), multisig is almost ready, and Trezor should work today AFAIK. (4), too, is already done! The rest of the list is sort of out of the Foundation's hands. Wink

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 150. (Read 1276789 times)