Has anyone looked into how Blockstream may be incorporating any of Counterparty's coding? It appears that many of their goals in functionality are the same.
https://www.cryptocoinsnews.com/blockstream-billionaire-entrepreneurs-betting-big-bitcoin/As a potential investor in Counterparty, I continue to find a number of other "competitive" threats to the scarcity of proprietary properties that would be required to drive the price much higher. 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?
I would bet on the first-to-market as long as they are technically competent. We see time and time again that money does not determine the outcome more than working code. This I think is a result of the fact that code is not capital intensive. Talent + motivation > money. Add to that free and open source software and a culture where people who have talent and motivation tend to clump together (Bitcoin, and now in Counterparty) and I don't care if you have a billion dollars. That money can't code.
Sidechains are far from done imho, it requires a fork plus it threathens the proven incentive model of BTC. This is not trivial and I am personnally against.
Actually Counterparty maybe be one of the biggest argument for why BTC doesn't need Sidechains.
Exactly, if anything Counterparty's success will completely undermine the "need" for something like sidechains to exist. People keep talking about moving counterparty over to sidechains once they are invented but it's like why? Why should we lower the security of Counterparty assets by moving them off the bitcoin blockchain just because google is funding that project (blockstream)? One thing I've learned overtime in this space is that when it comes to platforms, those who simply come out with working systems without taking money from "investors" will almost always come out on top. I understand some people look at counterparty itself as a company, but these are coders simply building a platform for which actual companies can prosper on.
So when you say things like "as a potential investor in counterparty..i'm worried about their proprietary..." this is already the wrong attitude. You are not communicating to a company that has a business plan to sell a product and make money....you are communicating to the protocol world and in the world of coders NOTHING IS PROPRIETARY. Everything can be copied, investing in counterparty or bitcoin is like trying to invest in TCP-IP or HTML, these are things that in the past you could not even invest in if you wanted to but today the game is changed. If you want a reason to invest in the counterparty protocol that reason will have to simply be for you to ask yourself;
"Do I believe that the most profitable companies in the digital currency space will be built on this counterparty platform in the future or not?"
and if the answer is Yes, then buy as much xcp as you can, if the answer is no, then invest in another protocol.