Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 153. (Read 1276789 times)

XCP - No premine, No IPO, the second generation bitcoin. 

Anyone studied the not yet released TruthCoin?   The Ethereum blog had positive comments about it, and seems to disparage Counterparty's unnecessary coding on the Bitcoin blockchain due to several major flaws.  

https://blog.ethereum.org/2014/11/20/bitcoin-maximalism-currency-platform-network-effects/  One of the more interesting quotes is "....some features of Counterparty, particularly the token sale functionality, do not rely on moving currency units under any conditions that the Bitcoin protocol does not support, and so one can use that functionality without ever purchasing XCP, using BTC directly."  

So, this begs the question, what is the value of the coin?

Here is a quick summary of TruthCoin:
http://www.truthcoin.info/presentations/six-slide-sprint.pdf

I am still not convinced that Counterparty will be the leader in this space...the jury is still out.  It appears that there may be a better and more efficient way to accomplish these functionalities of coding.  The real question is, which one of these invest-able crypto technologies will ultimately lead?  

again the headline news of xcp shows up.
lucky I have some asset registered early.

How about add a Counterparty logo on the first page in this thread?

Yes.

It's like the thread is reading my mind wrt storing XCP's on a local wallet (vs online counterwallet.io).

1.  I have a bitcoind node running 24x7 on an Ubuntu 14.04 (old laptop coreI3/4GB RAM)

2.  I have a bitcoind running on my main laptop Arch Linux (rolling release Linux, I update nightly)


I don't feel safe running counterpartyd on #1 (tl;dr).  Counterpartyd does not run on #2 because it's not an Ubuntu distro.  I suppose I can run counterpartyd on a VM, but I've decided last night (and even reinforced by the posts here) I will just run a bitcoin-qt client on my main laptop and send some XCP's  to the addresses on the bitcoin-qt wallet for testing.  Import the private keys to counterwallet.io    Do a few times back and forth.  If no problems; I'll feel comfortable storing most of my XCP's on bitcoin-qt addresses outside of counterwallet.io


Is a counterwallet-qt (even if it's limited to just send/receive XCP's and not the full blown counterparty platform system) wallet gonna be available in the future?  It's ok if it requires a properly configured bitcoind (with txindex=1).  It would just be nice for comfort level to have the XCP coins under local full control.  I'd imagine the other caveats of backing up the bitcoin wallet.dat in many secure locations (inside truecrypt containers, on several USB flash drives/USB drives) still apply...

Since it's difficult to link to this video directly, I've embedded it in a blog post:
http://coinedtalk.com/xcp-founder-adam-krellenstein-at-bitcoin-related-panel-2/

And here's some notes on sidechains that I've gleaned from it, and agree with:
http://coinedtalk.com/the-sidechain-hype/

***NEW COUNTERPARTY VIDEO***

I really loved watching this video with Adam and Bloomberg discussing the space. Particularly, I was pleased to see Adam openly mention the inherent security flaws in Sidechains and Merged mining and why this would be bad for Counterparty

(Third video down is the one with Adam)
http://new.livestream.com/internetsociety/isocnypositivedisrupt/videos/68048954

XCP, and all assets are stored on the Bitcoin blockchain. So any Bitcoin address where you know the private key is fine.  

If you are not opposed to command line clients, you could also run Bitcoind and Counterpartyd locally.
https://github.com/CounterpartyXCP/counterpartyd

http://support.counterparty.io/support/solutions/articles/5000004858-cold-storage-of-counterparty-assets-btc-using-armory-

Perfect, thanks for the quick answer 

You can go to bitaddress.org and print a new Bitcoin public/private key pair. Then send your XCP to that address. If you ever want to redeem those XCP you go to counterwallet and import the private key.

Some nice market movement there. Can any of you guys answer a dumb question for me (i.e. yes I could read up, but I am curious whether the following can be explained in layman's terms).

If I pick up a few XCP am I limited to an online wallet? Or has anyone developed an alternative. I prefer to keep my coins offline. However, this is more an asset and so I presume exists almost as if in the cloud?

Is this available now in the hosted testnet Counterwallet or does anyone have this running anywhere so we can try it?

Hurray!

Hi guys, here's the latest Counterparty development update http://counterparty.io/news/counterparty-development-update-3/

Yeah deflationary and also not premine, unlike ETH.

I really like that XCP = Deflationary Smart Contracts Fuel.

That leaves a lasting impression.

Quote from: loveyouforever on Today at 06:33:27 AM
You son of bit*h, now you are happy, fk your mother and sister, don't contact Xnova again, you bit*h.

xnova,I hardly blame you for not answering me through pm,but why do you transcript my pm to this chinese guy?now we can see this guy is part of tilescam.where is ur dignity and respect?

Thanks for answer. I thought both Swarm mean same.. That make me little confused..