Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 162. (Read 1276789 times)

Thank you for supporting XCP! And I'll vouch for this.


Now that there is a scripting language for smart contracts, Counterparty users will be able to create their own functionality as needed. (Once it undergoes security testing). But apparently there are a few other things on the horizon as well.

Great job Matt

Hey guys,

Some friends and I made this site.

http://donatexcp.com/

When XCP is donated we "timelock" the funds until May 15, 2015 (which was a date chosen fairly arbitrarily). We wanted to donate and show support for Counterparty, however, we did not want to cash out any of our XCP before it goes up a bit more.

I'll be adding the logos of a few companies built on Counterparty who made donations towards the initial wallet balance. If anyone out there, person or company, would like to make a public donation and have their logo displayed on the site, just let me know. To donate privately, simply send funds to the address displayed on the site.

As a side note I'd also like to announce that Bet XCP has been sold. All of the funds from the sale were donated to Donate XCP. The new owner of Bet XCP will likely announce himself shortly.

Well.... that was an interesting development.  

The way I understand the back story of CounterParty now is.....  A dev was trying to work with MasterCoin but things weren't going well at Mastercoin so said dev just cloned it and improved it by himself.

Now dev sees a product called Ethereum and clones it and puts it in CounterParty.  That must sting for Ethereum, especially if CounterParty gets the first mover advantage and makes it better in someway than Ethereum was originally planning.  

And then what after that..... Dev clones and grabs additionally third application and puts it on Counterparty for a secret project with Overstock?  

One problem with the crypto world is that a lot of people are terrible finishers.  Sooooo many projects with bad GUIs or no GUI, or so many projects have been delayed over and over.  The result is that there is lots of innovation, but no really great end product.  Looks like CounterParty is coming in and finishing things off.  

I am going to watch CounterParty.  I was originally a naysayer because I thought it was a ripoff of Mastercoin, just another clone that was going to be a pump as so often exists in the alt coin world, but since its early days it has become much better than Mastercoin, and actually become quite respectable.  

This is a philosophical issue , what about Dogeparty? Is it Counterparty or Doge?

Btw, when will we see Smart Contracts on Dogeparty? That will be another train for those who missed this one.

Which, for long term prospects, may not be a good thing. Ethereum was specifically created to add more features to bitcoin. This ethereum protocol implication may have been overrated by traders today.

I second this question. The wall street journal article today about XCP also cited the Ethereum makers, and the Ethereum team seemed pretty confident that XCP wasn't going to beat out Ether. That Ether still allowed for more applications to be built on top of it and that the transaction speeds were 10 seconds or less, compared to Bitcoin's/XCP's transaction speeds of 10 minutes.


And in reply to this...faster is always better. There is an economic advantage to the faster exchange. You could make 360 transactions per hour on the ethereum protocol and only 6 on bitcoin/counterparty. Businesses are going to be following the money.

I heard this as well, the counter argument is usually that yes bitcoin 10 minute authorization speed will perhaps prevent the high speed trading typical in traditional exchanges but is that really a bad thing? Those fast mathematical quick trades that are made by bots and not by informed human beings who want to make a real decision on what to invest in? I'm not an investment pro but seeing the situation from an outsiders perspective I certainly don't require the ability to transact within seconds just to decide I want to buy some stocks in something lol.

more than once i have come across concerns about the speed of xcp's transactions and how this may impede trading on any sort of exchange. Is this a valid concern? if so, are there plans to increase tx confirmation speed?

What you described is the way to burn BTC, not XCP. Burning XCP is just to reduce it from the original address and make it disappeared.

The way fees are burnt for other things doesn't require they be sent anywhere. Burning to an address is a hack for when you can't modify the protocol itself. In this case, the actual calculations done by the software remove the fees from a spending address and put them nowhere. The most recent change that did something like this in Counterparty was the change that charged fees to make dividends.

Thanks to waiting with news i get my coins yesterday to Bter, just right time to buy 

did I read the chart upside down or we just broke the ath

Sell in .023 Dump at .016 again is my bet.

I believe the security issue Phantom mentioned is of merge mining. Namecheap is also merge mined, and it has not been successfully attacked afaik. Due to all the features Counterparty provides, it would be one of the first thing to get forked, and everyone would have an incentive to secure it's chain vs attack it. Also, it would add value to btc vs an alt, which aligns well with most peoples interests.

I am speculating, but it's a very big possibility. This is XCP's (Counterparty's native currency) biggest threat.

Phantom has mentioned a couple times that sidechains currently have security issues.

Yes, I fully agree. Bitcoin and Counterparty as a protocol are essentially an anti-fragile substrate on which black swan events occur. I think the intesting price behavior of XCP adds a lot of credibility to this perspective.

Huge 66 BTC sell wall at .025
I'm seeing a serious retrace with XCP

I appreciate your opinion but it's not really proven yet if the side chain concept is that necessary (Tree-Chain proposal seems better to me) and certainly it's a pretty huge jump to say that we are being "held back" due to having an altcoin with low liquidity. XCP is a stake in a protocol for the tools that will be built upon it. It's not about the xcp precisely it's more about what platforms get built on top of counterparty that will give XCP the value that it will have. I think people should stop thinking of XCP as a currency and think of it more as a building block which in my personal opinion makes it FAR more valuable than a liquid currency.

**When I think of XCP I imagine an Island the middle of an ocean that is full of sharks. On this Island is built a wonderland of things that any shipwrecked adventurer only dreams of arriving at to experience. XCP is the physical land itself on which these wonders are built but since it's an island the amount of things which can be built on it are finite, and if you want to build something wonderful on this isolated island you will need to purchase some of the land itself (XCP). **