Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 158. (Read 1276789 times)

Really? Did you think that when Bitcoin was ~$8 too?

So far Counterpart has shown to be extremely competent in finishing off projects. I would not worry about some other coming in, copying and trumping it.

Unfinished, slow projects are a bane in this field. Its no surprise that Counterparty are doing well.

xcp not only has a honest team but also a bunch of high skilled devs so it currently took the place of litecoin.

Agree.I belive this train can take us even to 0.1 BTC area...

Not yet, train is only in some of first stations. Still good time to buy in. This can be one of last really good train where you can jump. Don't wait next train that maybe never come...

Missed out on the counterparty train. Watching closely though..

What you've laid out is a problem that all cryptocurrencies face because they are open source. I heard it a lot about Bitcoin last year. The banks hate it, they'll never let it thrive. Corporation X will come out with corporate coin. Country Y will come out with Countrycoin. But it hasn't happened yet. The reason is that large corporations are highly centralized, as are governments, and don't work well with the decentralized aspect of cryptocurrencies. No one could trust it implicitly and that defeats the purpose.

Back to your argument... It's a pretty reasonable one, that someone could come along and create a Bitcoin clone with a better marketing and dev team. But then why has Bitcoin not been replaced? There are faster coins with more features and coins with highly capable dev teams, yet most of them languish and eventually become worthless (or close to it).

It comes down to first mover advantage. With a technology that is adopted by such a small percentage of the population, and one that is so nascent and volatile, there just isn't the market for so many altcoins. Therefore, the first usually prevail. DOGE, NXT, NMC, LTC... they are still around because they were the first to offer something different but not necessarily the best. It's difficult to say exactly why certain coins prevail over others, but being the "first to market" is certainly one of the main reasons why they do. That and market liquidity, which follows adoption as traders flock to it.

XCP is the first sidechain. It doesn't use its own blockchain (rather, Bitcoin's) so there's no mining community to add volatility. And it has been chosen by Overstock for a multimillion dollar project, something unprecedented in an altcoin.

As always: high risk, high reward.

Bitcoin itself cannot adopt the features, that's the point of XCP in the first place. They would have to convince users to use their new coin. One page before, there is a quote by Satoshi that advises against this being directly in the core.

 Also, how would you get people to switch to XCP clones? And worrying about Google? To be fully honest I think all of this is really far fetched. Bitcoin has a substantial adoption and investment by now, along with code and infrastructure. Why would everyone drop everything and suddenly change? Such events would take months to even start, you'd notice...

And last and most importantly not least, Etherscript (Serpent), which is the scripting language for smart contracts is turing complete. You can pretty much do anything...

There is no doubt that the developers behind Counterparty are exceptionally talented and the coding may provide incredible utility for accomplishing revolutionary tasks.  I was initially extremely attracted to this as a potential investment vehicle (Bryne's plans are impressive), especially since there is no mining and a cap of less than 3 million coins.

However, from an investment standpoint, I have a real problem with getting optimistic about the longer term valuations of Counterparty because  1) all of the code is open source and it can be duplicated & lacks proprietary value; 2) Bitcoin itself could end up adopting these features; 3) a big player like Google could bring yet another coin with all of these features (and much more) which could overtake the dominate role for this space; and 4) there are no guarantees that Bryne's dream of an alternate exchange will be the one that actually gets off the ground with all of the regulatory hurdles and track record of contrary political positioning that has been so unpopular with regulators and Wall St. The scum hate him with a passion.  As a result, these factors pose a long term threat to the viability of this coin ever reaching significant value. 

I would love to be proven wrong and, thus, provided with a good incentive to invest.  But I am afraid that what Counterparty has created for the free market is somewhat similar to what pharmaceutical drug companies would be up against if they ever attempted to patent naturally occurring, unaltered herbs and healing plants as cures for diseases.  There is nothing in place to protect the exclusivity or scarcity of this very impressive technology that has been released out into the wild.

You think I am enough safe if I have and run in computer Malwarebytes Anti-Malware, Zemana Antilogger(free version) and Avast Free Antivirus? Need i some firewall also or is this all + windows own enough? I run webwallet sometimes in hostel,hotel, apartment hotel wifi with normal firefox...

Btw If i have save to my firefox gmail email passwords are there risk someone can get it if i use public wifi? If not think i lose my notebook. I don't have any passwords in email but still want stay safe

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

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

Satoshi designed Bitcoin at a good start so that XCP can implement what he mentioned here:


https://bitcointalksearch.org/topic/m.1611

Yes, it's a good idea to type it in manually or keep bookmarks.

Another security tip is to use a non-admin account in Windows. While this probably isn't 100% foolproof, it at least prevents important files from being accessed by malicious programs.

Yes. And don't forget fishing.  Never google "counterwallet" or you can end up clicking on a sponsored imposter.  I learned my lesson after googling "blockchain" a few months ago - I am surprised that Google has not blacklisted this keyword by now.

Cool. Thanks for the counterrblockd info.

I didn't notice this CounterParty github until last night  https://github.com/CounterpartyXCP/counterwallet

I git cloned it and performed the steps to install (via npm) and aside from creating an account at transifex.com (for downloading the translations files), the installation was successful.  I just don't know how to access it now   

I want to run a local copy of the https://counterwallet.io    on a local computer (inside my LAN) that won't be published outside by my router.

• 1.  Do I just put the above on an apache server (on my laptop or even a separate computer/server)?
• 2.  Will it connect to the network or do I need to run a counterpartyd and bitcoind node (I have one running now)?

Thank you!

Counterparty Development Update #2: 'no-fee' asset names, new counterpartyd version, ethereum updates, multisig and more: http://counterparty.io/news/counterparty-development-update-2/

Indeed this is not what to worry about.  What to worry about, are trojans, rootkits, keyloggers, screen scrapers, nosy coworkers, etc.