Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 164. (Read 1276789 times)
November 12, 2014, 02:18:08 PM
Very impressive rise guys! Congrats!
November 12, 2014, 01:53:20 PM
Sweet Jesus!! We are In the Game!!
http://cointelegraph.com/news/112908/counterparty-adds-ethereum-smart-contract-features?utm_content=buffera178f&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
http://cointelegraph.com/news/112908/counterparty-adds-ethereum-smart-contract-features?utm_content=buffera178f&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Official announcement is here: http://counterparty.io/news/counterparty-recreates-ethereums-smart-contract-platform-on-bitcoin/
WOW super news!! Seems people don't want to miss the train now.
November 12, 2014, 12:48:14 PM
I will not be surprised if this announcement will have an impact on BTC itself. This is major news for BTC and can truly be a milestone. I hope that core BTC folks will appreciate this development.
November 12, 2014, 12:43:45 PM
so in other words- will the system automatically distribute fees to addresses? trying to understand the envisioned mechanism
He fees will be burned (destroyed), thereby reducing the supply.
I think his main question is how in the world do holders of XCP get these fees because the explanation almost sounds like holders of xcp will magically receive payment of some sort whenever people execute contracts.
Because all XCP are the same (i.e. *fungible*), the value of XCP comes from the value of all of the XCP together. That means that a reduction in the total number of XCP increases the value of *your* XCP.
Gotcha, so it's a logical increase in value rather than a literal one. Still epic development
November 12, 2014, 12:43:06 PM
XCP = MOON?
November 12, 2014, 12:39:57 PM
so in other words- will the system automatically distribute fees to addresses? trying to understand the envisioned mechanism
He fees will be burned (destroyed), thereby reducing the supply.
I think his main question is how in the world do holders of XCP get these fees because the explanation almost sounds like holders of xcp will magically receive payment of some sort whenever people execute contracts.
Because all XCP are the same (i.e. *fungible*), the value of XCP comes from the value of all of the XCP together. That means that a reduction in the total number of XCP increases the value of *your* XCP.
November 12, 2014, 12:39:02 PM
I am still astonished that there are sells under 100$. Who is selling knowing what we know ?
November 12, 2014, 12:31:00 PM
so in other words- will the system automatically distribute fees to addresses? trying to understand the envisioned mechanism
He fees will be burned (destroyed), thereby reducing the supply.
I think his main question is how in the world do holders of XCP get these fees because the explanation almost sounds like holders of xcp will magically receive payment of some sort whenever people execute contracts.
November 12, 2014, 12:29:24 PM
so in other words- will the system automatically distribute fees to addresses? trying to understand the envisioned mechanism
He fees will be burned (destroyed), thereby reducing the supply.
November 12, 2014, 12:13:34 PM
Can someone explain this part in layman's terms (it is ALREADY I know... but refer to the highlighted parts:
"The economics of the fee system for Counterparty Contracts will necessarily be rather different from those of Ethereum, simply because there are no Counterparty miners. All Counterparty nodes will execute all contracts, and it will be the holders of XCP that receive the fees for the execution. The simplest and most robust way to make this payment will be just to destroy the fees, and to thereby reduce the money supply, as this is equivalent to paying the fee out to all holders of XCP in proportion to the size of their holdings. Unlike with Ethereum, the fees will not be constant values, but rather fractions of the total extant supply of XCP, so that no amount of computation will deplete the supply of XCP and drive it into negative territory: the divisibility of XCP ensures that there will always be enough XCP."
so in other words- will the system automatically distribute fees to addresses? trying to understand the envisioned mechanism
"The economics of the fee system for Counterparty Contracts will necessarily be rather different from those of Ethereum, simply because there are no Counterparty miners. All Counterparty nodes will execute all contracts, and it will be the holders of XCP that receive the fees for the execution. The simplest and most robust way to make this payment will be just to destroy the fees, and to thereby reduce the money supply, as this is equivalent to paying the fee out to all holders of XCP in proportion to the size of their holdings. Unlike with Ethereum, the fees will not be constant values, but rather fractions of the total extant supply of XCP, so that no amount of computation will deplete the supply of XCP and drive it into negative territory: the divisibility of XCP ensures that there will always be enough XCP."
so in other words- will the system automatically distribute fees to addresses? trying to understand the envisioned mechanism
November 12, 2014, 12:11:45 PM
Official announcement is here: http://counterparty.io/news/counterparty-recreates-ethereums-smart-contract-platform-on-bitcoin/
Great timing.
Wowwwwww, to da moonnnnnn
November 12, 2014, 12:07:34 PM
Official announcement is here: http://counterparty.io/news/counterparty-recreates-ethereums-smart-contract-platform-on-bitcoin/
Great timing.
November 12, 2014, 12:07:23 PM
You guys have no idea how much i'm laughing, it's so evil though. This competitive world we live in...I mean yeah Ethereum had all of that stuff open source but dayum!!! I don't think they really expected anyone to just steal their shit hahahha I'm not a basketball fan but I'm reminded of Kobe just dunking on someone in a really mean way.
November 12, 2014, 11:56:32 AM
First.
November 12, 2014, 11:56:20 AM
Mind blown. One side of me is worried that someone's going to start playing Tetris in Counterparty or find some bug in the virtual machine but on the other hand, this is a major technical coup that's going to take months to play out. For those who are new to Ethereum, what are some simple contracts that now become possible (on testnet)?
November 12, 2014, 11:49:26 AM
Sweet Jesus!! We are In the Game!!
http://cointelegraph.com/news/112908/counterparty-adds-ethereum-smart-contract-features?utm_content=buffera178f&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
http://cointelegraph.com/news/112908/counterparty-adds-ethereum-smart-contract-features?utm_content=buffera178f&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Official announcement is here: http://counterparty.io/news/counterparty-recreates-ethereums-smart-contract-platform-on-bitcoin/
November 12, 2014, 11:46:36 AM
Here is the news release
http://counterparty.io/news/counterparty-recreates-ethereums-smart-contract-platform-on-bitcoin/
http://counterparty.io/news/counterparty-recreates-ethereums-smart-contract-platform-on-bitcoin/
November 12, 2014, 11:41:35 AM
November 12, 2014, 11:26:49 AM
Counterparty Recreates Ethereum on Bitcoin !
https://www.cryptocoinsnews.com/counterparty-recreates-ethereum-bitcoin/
How much did Ethereum rise in their IPO ?
Edit :
Total Bitcoins paid 31,529 BTC
USD at time of sale 18,439,000 $, more than XCP marketcap, for nothing useful now ?
https://www.cryptocoinsnews.com/counterparty-recreates-ethereum-bitcoin/
How much did Ethereum rise in their IPO ?
Edit :
Total Bitcoins paid 31,529 BTC
USD at time of sale 18,439,000 $, more than XCP marketcap, for nothing useful now ?
November 12, 2014, 10:46:04 AM
glad to see the huge volu in bter and so hot topic now.
go head.
go head.
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