[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 154.

deliciousowl

sr. member

Activity: 432

Merit: 250

Quote from: Mainbrain on November 21, 2014, 03:10:45 AM

think this's good concept.

It's not a concept, it's working software Wink

Quote from: Jpja on November 21, 2014, 03:04:21 AM

[ANN] Token Website Redirect

http://{token}.xcp.pw redirects to the token's website if a URL is included in the token's description.

Amazing, thanks!

Quote from: jrmg on November 21, 2014, 03:06:48 AM

Anyone know what is going with Swarm? They don't answer emails with weeks, their own forum not updated months and now that is also down. Their webpage no working long time right in half of web browsers and they don't update own forum section under Counterparty forum...? Why they even have last one under Counterparty forum?

And what you do with Swarm coins, no other place to asking this. Where their price coming?

The Swarm category on the Counterparty forums does not refer to SWARM. It is coincidentally named the same for some reason... Here is their own thread: https://bitcointalksearch.org/topic/ann-swarm-fund-10-offline-thread-664071

Also, the SWARM founders are in their Skype chat regularly: skype:?chat&blob=zxYZ3oyHUCoiPnoSw8xwTLK-n3uEdVXn0vJLrC9aqFJ5JRMI8SoRy5a8_x6vjvtEbihAgIn6RO3eRkmE_RiVA2Z5zCAbj5InzHatOwOxGRcx3WlXUkzZJr3SuepTCILIbhxmor9-FsBJTdc2KnOcq21Zy0obqkR-0TT5dKcF0BF2HY1JC4p8Ip1HA5HwFErJDWfMG-KM5Lt7BRIBww

For example, this was posted yesterday:

Quote from: Joel Dietz

Here's the notes from the cryptoequity workshop at Harvard last week:
https://drive.google.com/file/d/0B1CtgrRD63NJSVljQzF6Tm10RFlwT3FHa3E5djZMR3NZSzBB/view?usp=sharinghttps://drive.google.com/file/d/0B1CtgrRD63NJSVljQzF6Tm10RFlwT3FHa3E5djZMR3NZSzBB/view

Mainbrain

full member

Activity: 194

Merit: 100

BaiQi

think this's good concept.

jrmg

full member

Activity: 134

Merit: 100

Anyone know what is going with Swarm? They don't answer emails with weeks, their own forum not updated months and now that is also down. Their webpage no working long time right in half of web browsers and they don't update own forum section under Counterparty forum...? Why they even have last one under Counterparty forum?

And what you do with Swarm coins, no other place to asking this. Where their price coming?

Jpja

member

Activity: 150

Merit: 29

Happy mother of 5 children

[ANN] Token Website Redirect

http://{token}.xcp.pw redirects to the token's website if a URL is included in the token's description.

Examples:
http://ltbcoin.xcp.pw
http://swarm.xcp.pw
http://fldc.xcp.pw
http://tatianacoin.xcp.pw

If the description does not include a URL, the user lands on a page with a a brief description of the token and a link to its Blockscan page; e.g. http://xgem.xcp.pw/

For Dogeparty tokens use xdp.pw, e.g.:
http://dogetunes.xdp.pw
http://dailydoge.xdp.pw

PhantomPhreak

sr. member

Activity: 476

Merit: 300

Counterparty Chief Scientist and Co-Founder

Quote from: Come-from-Beyond on November 20, 2014, 04:06:27 AM

Quote from: Come-from-Beyond on November 14, 2014, 12:11:39 PM

Quote from: PhantomPhreak on November 14, 2014, 11:11:33 AM

The contract code is totally independent of the reorg code, which does a complete reparse of all transactions each time.

How are you going to solve such the problem (not very related to your reply but logically follows from it):

Some (most of?) contracts have state that must be stored or recomputed every time a node is launched. Recomputation is impractical for big number of active contracts, storing seems to be a better way. Storing the state locally is much cheaper than storing on the blockchain, but it means that a new node have to download the blockchain and recompute all state changes of all the contracts from the very beginning. At some point amount of computations may become very big slowing down blockchain analysis (recomputation) greatly.

Bitcoin already has the problem of ever-growing blockchain (low bandwidth problem), Counterparty adds the problem of ever-growing number of computations required for catching up the network (slow processor problem). Luckily processor speed grows faster than bandwidth but if max rate of blockchain growth is limited by 1 MB block limit, max contract complexity is not limited. A bad choice of fee for contract execution (similar to gas in Ethereum) may make it cheap to create such contracts that won't allow to compute them with the rate of 10 min/block. In this case we will observe "black hole" effect, blocks will be generated faster than analyzed and new nodes (and existing ones) won't be able to keep up the rate.

Does anyone know a possible solution to the problem described above?

Certainly reorgs can be handled another way if it ever came to that (e.g. with frequent database snapshots---disk space is the cheapest). Moreover, there isn't a strong correlation between the value of a contract and its computational complexity. The fees will be determined in some organic manner (e.g. proof-of-stake vote) so that they'll pay for the computation time fairly (i.e. those that decide the fee will be incentivised to keep it reasonably priced). All in all, the system is much more elegant than Ethereum's, because there is no arbitrary miner/full-node distinction, and higher fees don't mean more miners and therefore also more unnecessary computation. As you suggest, I'm pretty sure that bandwidth will be a bigger problem (for blockchains in general) than computation of smart contracts.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

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

It doesn't make sense to use Counterparty over majority of PoS coins. These coins already have instruments offered by Counterparty. "Dumb" coins like Bitcoin is the only application, adding an extra level of indirection on "smart" coins gives more cons than pros.

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

Counterparty over POS coin is being discussed

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

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: Equality 7-2521 on November 20, 2014, 04:51:56 AM

Just have a smart contract that makes a hash of a file that stores the solutions to all the computations and share said file via DHT for example.

What if different nodes of the DHT return different values? (Here we back to square 1, we need a solution for decentralized consensus on the value of the hash).

gomei

hero member

Activity: 770

Merit: 500

XCP is slight sliding, but I still hold coins,
my first 2nd coin is xcp. I enjoy the community.

Equality 7-2521

member

Activity: 118

Merit: 10

A difference which makes a difference

Quote from: Come-from-Beyond on November 20, 2014, 04:06:27 AM

Quote from: Come-from-Beyond on November 14, 2014, 12:11:39 PM

Quote from: PhantomPhreak on November 14, 2014, 11:11:33 AM

The contract code is totally independent of the reorg code, which does a complete reparse of all transactions each time.

How are you going to solve such the problem (not very related to your reply but logically follows from it):

Some (most of?) contracts have state that must be stored or recomputed every time a node is launched. Recomputation is impractical for big number of active contracts, storing seems to be a better way. Storing the state locally is much cheaper than storing on the blockchain, but it means that a new node have to download the blockchain and recompute all state changes of all the contracts from the very beginning. At some point amount of computations may become very big slowing down blockchain analysis (recomputation) greatly.

Bitcoin already has the problem of ever-growing blockchain (low bandwidth problem), Counterparty adds the problem of ever-growing number of computations required for catching up the network (slow processor problem). Luckily processor speed grows faster than bandwidth but if max rate of blockchain growth is limited by 1 MB block limit, max contract complexity is not limited. A bad choice of fee for contract execution (similar to gas in Ethereum) may make it cheap to create such contracts that won't allow to compute them with the rate of 10 min/block. In this case we will observe "black hole" effect, blocks will be generated faster than analyzed and new nodes (and existing ones) won't be able to keep up the rate.

Does anyone know a possible solution to the problem described above?

Just have a smart contract that makes a hash of a file that stores the solutions to all the computations and share said file via DHT for example.

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: Come-from-Beyond on November 14, 2014, 12:11:39 PM

Quote from: PhantomPhreak on November 14, 2014, 11:11:33 AM

The contract code is totally independent of the reorg code, which does a complete reparse of all transactions each time.

How are you going to solve such the problem (not very related to your reply but logically follows from it):

Some (most of?) contracts have state that must be stored or recomputed every time a node is launched. Recomputation is impractical for big number of active contracts, storing seems to be a better way. Storing the state locally is much cheaper than storing on the blockchain, but it means that a new node have to download the blockchain and recompute all state changes of all the contracts from the very beginning. At some point amount of computations may become very big slowing down blockchain analysis (recomputation) greatly.

Bitcoin already has the problem of ever-growing blockchain (low bandwidth problem), Counterparty adds the problem of ever-growing number of computations required for catching up the network (slow processor problem). Luckily processor speed grows faster than bandwidth but if max rate of blockchain growth is limited by 1 MB block limit, max contract complexity is not limited. A bad choice of fee for contract execution (similar to gas in Ethereum) may make it cheap to create such contracts that won't allow to compute them with the rate of 10 min/block. In this case we will observe "black hole" effect, blocks will be generated faster than analyzed and new nodes (and existing ones) won't be able to keep up the rate.

Does anyone know a possible solution to the problem described above?

getts

newbie

Activity: 11

Merit: 0

No, I don't work for them or have any affiliation. However, I am an investor embarking on building a portfolio of alt coins.

So far, I have only been inspired enough to buy Bitcoin over the past few months. However, I recognize some of the shortcomings and flaws. Counterparty was the first alt coin that I have actually considered buying because these features are game changers in so many ways. But I have not yet pulled the trigger as I am trying to understand and consider any other options and what will make this coin a superior investment over others that will be claiming many of the same properties.

pankogulo

full member

Activity: 121

Merit: 100

Counterparty General Manager

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.

GeminiSimba

full member

Activity: 176

Merit: 100

Ain't no party like a Counterparty!

Quote from: getts on November 20, 2014, 12:18:51 AM

Analysis Please:

The White Paper for Paycoin just came out. https://c91475e716c8925e05c6-d2659d433205cf4410415f8dd63807af.ssl.cf5.rackcdn.com/Paycoin_Whitepaper.pdf (starting on about page 16, the descriptions overlapping Counterparty-like functionality is addressed)

To cut to the chase, there are a number of functionalities that appear to be very similar to Counterparty. Maybe too early to tell, but does anyone believe that this has been originally coded, or "lifted" from the work Counterparty has so brilliantly developed?

BTW, the Vice Chairman of Cantor Fitzgerald, Stuart Fraser, is apparently providing $100 million+ in venture capital. https://twitter.com/GTAUKSTER

getts....do you work for hashcoin? After your last message about them I decided to do some research on them, guess what if you type www.hashcoin.com it takes you to...Paycoin!
in other words they changed their name from hashcoin to paycoin now, also it means you keep bringing up this same coin for some odd reason...

getts

newbie

Activity: 11

Merit: 0

Analysis Please:

The White Paper for Paycoin just came out. https://c91475e716c8925e05c6-d2659d433205cf4410415f8dd63807af.ssl.cf5.rackcdn.com/Paycoin_Whitepaper.pdf (starting on about page 16, the descriptions overlapping Counterparty-like functionality is addressed)

To cut to the chase, there are a number of functionalities that appear to be very similar to Counterparty. Maybe too early to tell, but does anyone believe that this has been originally coded, or "lifted" from the work Counterparty has so brilliantly developed?

BTW, the Vice Chairman of Cantor Fitzgerald, Stuart Fraser, is apparently providing $100 million+ in venture capital. https://twitter.com/GTAUKSTER

heunland

sr. member

Activity: 373

Merit: 250

Quote from: deliciousowl on November 16, 2014, 06:17:46 AM

I would like to announce a 15 XCP Bounty for completing the German translation of Counterwallet, and another 15 XCP for the Finnish translation!

https://www.transifex.com/projects/p/counterwallet/

I know it's not much, but I hope it can provide at least some motivation to contribute to open-source.

I´m interested in german translation. Please contact me if you haven´t found anyone else yet for that language.

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

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.

xnova

sr. member

Activity: 390

Merit: 254

Counterparty Developer

Quote from: jrmg on November 19, 2014, 08:54:35 PM

Quote from: PhantomPhreak on November 19, 2014, 10:03:25 AM

FYI, I've been getting a lot of questions recently about when we're going to deploy the contracts system on mainnet. We're definitely planning on releasing it before March 1st, though if we're reasonably lucky we'll do it well before then. Of course, security is our highest priority and we won't make anything live until we're certain that it's ready for prime time, but we're very close to having a production-ready system.

Thanks this is good to know how long it will take. Are there any schedule for Chinese wallet update and are there coming webpage and faq sections same time with Chinese?

Counterwallet is already available in Chinese (click the language flag in the upper right on the login screen, or visit it from a browser where the language is set to Chinese).

Regarding the main website and FAQs, we don't have any current plans for a full translation of our website to Chinese, however, we would be interested in the possibility if there was a Chinese user who would be interested in helping out here (we are in the process of updating our copy at this time, and the copy undergoes periodic revisions, so we'd be looking for someone we can work with to keep the Chinese version of the site up to date).

jrmg

full member

Activity: 134

Merit: 100

Quote from: PhantomPhreak on November 19, 2014, 10:03:25 AM

FYI, I've been getting a lot of questions recently about when we're going to deploy the contracts system on mainnet. We're definitely planning on releasing it before March 1st, though if we're reasonably lucky we'll do it well before then. Of course, security is our highest priority and we won't make anything live until we're certain that it's ready for prime time, but we're very close to having a production-ready system.

Thanks this is good to know how long it will take. Are there any schedule for Chinese wallet update and are there coming webpage and faq sections same time with Chinese?

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

I guess sidechain eta is probably about 1.5 years, if it ever happens, and it will be a different world by then.

Quote

If it becomes a question of first to market, does that trump the late comers or copy cats that are much better funded to establish predominate market position?

as the general rule. First move advantage trumps everything unless the catchers can come up with blown away benefits. Modified clone can't surpass the original, because if it happens, it will break trust on both, and money is trust.

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 154. (Read 1276789 times)