Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 152. (Read 1276789 times)

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

To increase another 15 times in one or two months does not seem to be possible, although I wish I am wrong. Unless we see many popular applications built on the smart contract, but verifying security itself may take more than two months.

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

Trading 1000 shares of Overstock instead of tipping someone for a funny quip.

Question:
what is " the lower-frequency, higher value type financial transactions"?

      Yes

 

Here's a nice summary of the Counterparty AMA on Monday: http://counterparty.io/news/top-10-questions-from-counterparty-reddit-ama/

Thanks again to everyone who participated!

For typing the 12-word password?  Yes, it's safer.  I can also use the keyboard as I'm confident I don't have malware keyboard logger on my laptop running Linux.  It's every person's tolerance-level that dictates their setups.  A password that can be typed from Timbuktu on an online wallet (imho) should not be enough to wipe out valuable assets.  I think later on we'll have 2FA support and/or counterwallet-qt.

What about just using the virtual keyboard?

Just a follow-up.  I'm using bitcoin-qt (addresses) to store XCP assets (and a little bit of BTC on each address).  I'm also using counterwallet.io  watch-addresses to verify the Counterparty assets inside these bitcoin-qt addresses.

Before I did this; I  tested the concept.

• 1. Fired up bitcoin-qt with a brand new wallet.dat
• 2  Encrypted the wallet with a random 50+ character password and tested
• 3. Made copies of wallet.dat and compared md5 hash on each copy and stored in secure locations
• 4. Created some receiving addresses and sent XCP's (and .01 BTC) to a couple of the addresses
• 5. Using bitcoin-qt console; walletpassphrase, dumpprivkey for each of the addresses containing XCP's
• 6. Import Funds at counterwallet.io, and voila, everything there
• 7. Transferred most of my XCP's from counterwallet.io to bitcoin-qt addresses (and a little bit of BTC on each) and track with counterwallet.io watch-addresses

It's easy enough to get the XCP's to the Counterparty platform if I need to do anything.  The difference is I sleep well at night now      I used to wake up in the middle of the night so I can check my counterwallet.io account.

I'm new here and I haven't read all of the pages since OP, so I don't know how everyone deals with their Counterparty assets.  The 12-word password is very secure, but I guess I'm paranoid that someone will somehow get a hold of my password and wipe me out while I sleep (or anytime).  In some ways; I think the quick-url is safer for daily use.

Even now I still have XCP's in a counterwallet.io account and after I copy and paste the 12-word password to login, I quickly copy a random word to replace the paste buffer and I have a Mousepad (Linux notepad) for test-pasting.  These few seconds in between are stressful for me, what if I get interrupted at work and forget to replace the buffer, what if I accidentally paste it in an irc chatroom (most of the channels I'm in are crypto-related, lol), what if I accidentally paste it in a google search or google chrome address bar (and now part of the google index search term that people can pickup maybe).

Having local access and control means someone 15K miles away shouldn't be able to wipe me out of my Counterparty assets 

It took me quite some time to realize that you can sign up for official Counterparty news updates via email. It's at the bottom of the page, if anyone else missed it: http://counterparty.io/

It's a temporary limitation to the relaying of `CHECKMULTISIG` transactions, which is what we use. It's only P2SH that now supports more than that.

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

we are the one burned the bitcoin,hah,
so diffferent with other coins.

In what way is it a limitation of the Bitcoin protocol? From what I understand the Counterparty multisig concept is independent of the Bitcoin multisig concept. If it is related to Bitcoin's implementation then this is the latest news - https://www.reddit.com/r/Bitcoin/comments/2n1cwl/multisig_up_to_15_signatures_from_now_v093/.

15 of 15.

I've read that currently that's the limit as a result of the Bitcoin protocol (and how Counterparty works), although it's only temporary.

edit: clarification

Great! People are used to hearing about M of N multi-sig configurations... What kind of values of M and N can we hope to see in Counterparty? Is there a limit? Is there a technical overlap between Bitcoin's multi-sig implementation and Counterparty's implementation? Will Counterparty multi-sig addresses start with a "3" too?

Edit:

I got some information here - http://support.counterparty.io/support/articles/5000006561-multisig-tech-preview. However it is dated October 4th.

E.g. "1-of-2, 2-of-2, 1-of-3, 2-of-3 and 3-of-3 are supported at the moment."

Good idea! (Done.)

Well, I've really never liked the term Bitcoin 2.0. It implies that it's being replaced. Counterparty is more like a financial toolkit (Bitcoin + other features).