Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 176. (Read 1276789 times)
October 22, 2014, 10:21:12 AM
Pretty sure this is what's getting us all the love and adoration from Viacoin folks...
October 22, 2014, 10:15:44 AM
If you think speed and cost of action is not a big issue, if not the major issue that even started the idea I belive that you are mistaken.
If you think aggrandizement and/or enrichment of the Dogeparty/Clearinghouse "devs"/copycats aren't the major issue that even started the idea, I believe that you are mistaken.
October 22, 2014, 08:59:04 AM
The data are prunable, etc., but the 1% miners' fee is only for orders selling BTC.
Ah my mistake, I must have accidentally left that out. Updated.
October 22, 2014, 08:49:29 AM
btc38.com lost their words. XCP has been on No. 1 at btc38 for 1 month, but they do not add XCP on the exchange. I feel frustrated.
does anyone have a contact at btc38? someone will be putting up the chinese language version of counterwallet up for testing soon, would like to ask them to see if they can get some of their users to test it.
October 22, 2014, 06:31:01 AM
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IIRC, they changed their attitudes positively towards Counterparty recently. Those kinds of comments now only come from competing projects.
Yes im glad they have changed, however to say that these comments come from competing projects is wrong. This will be an ongoing issue that will be up for discussion and simply accusing people that ask questions of being from a competing projects is ridiculous.Sorry, it just seems ludicrous at this point because its literally a non-argument. AFAIK XCP transactions are prune-able, pay transaction fees, and ultimately contribute to the liquidity of Bitcoin. Not only that, but trading on the DEx pays the miners a default of 1% of orders. I absolutely fail to see how that is damage.
Besides, it's self regulating. If nobody uses it, there is no added data. If everyone uses it, the value must exceed its very limited footprint. The burned BTC that were converted are now worth 1500% as XCP.
1% of all orders towards network incentive and a 10+ fold increase in exchange value can't pay for a few bytes, really?
The data are prunable, etc., but the 1% miners' fee is only for orders selling BTC.
October 22, 2014, 05:54:43 AM
btc38.com lost their words. XCP has been on No. 1 at btc38 for 1 month, but they do not add XCP on the exchange. I feel frustrated.
October 22, 2014, 05:50:59 AM
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Sorry, it just seems ludicrous at this point because its literally a non-argument.
No it is not a non-argument, if it was a non-argument then OP RETURN would be used. Therefore discussing this topic is in no way ludicrous.Quote
It is a shame that competitors whose existence is 100 % thanks to counterparty are arguing against counterparty (on XCP thread by the way).
It is a shame that people are so dogmatic that they can not see that the use of counterparty on other chains shows how good counterparty is, the utlitly of it. I might add that since the counterparty code is open source that projects that use it would be on topic, unless this is a pure XCP topic, which it does not read as. October 22, 2014, 05:36:36 AM
Quote
IIRC, they changed their attitudes positively towards Counterparty recently. Those kinds of comments now only come from competing projects.
Yes im glad they have changed, however to say that these comments come from competing projects is wrong. This will be an ongoing issue that will be up for discussion and simply accusing people that ask questions of being from a competing projects is ridiculous.Sorry, it just seems ludicrous at this point because its literally a non-argument. AFAIK XCP transactions are prune-able, pay transaction fees, and ultimately contribute to the liquidity of Bitcoin. Not only that, but trading on the DEx pays the miners a default of 1% of BTC sell orders. I absolutely fail to see how that is damage.
Besides, it's self regulating. If nobody uses it, there is no added data. If everyone uses it, the value must exceed its very limited footprint. The burned BTC that were converted are now worth 1500% as XCP.
1% of BTC Sell orders towards network incentive and a 10+ fold increase in exchange value can't pay for a few bytes, really?
October 22, 2014, 05:33:42 AM
The same as Counterparty keep BTC same BTCdrak(dev) keep burned Viacoins
Counterparty no keep BTC, that "destroyed" to address what anyone cant use. Viacoins "burned" coins go back for developers pockets.
So Counterparty Team can't use that BTC from burning process??
Of course not, that's the point of a Burning process, and helped prove the devs really believed in what they did since they had to burn some bitcoins to get some XCPs, like everyone else.
Ok understand now. There was a description in clearwallet "burn" so i thought that is the same but it isn't.
October 22, 2014, 05:29:22 AM
The same as Counterparty keep BTC same BTCdrak(dev) keep burned Viacoins
Counterparty no keep BTC, that "destroyed" to address what anyone cant use. Viacoins "burned" coins go back for developers pockets.
So Counterparty Team can't use that BTC from burning process??
That is correct, the Proof of Burn address is unspendable, no one has its private keys
https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr
For each transaction to this address during the burn period, a certain number of XCP were alloted to the sending address.
October 22, 2014, 05:28:30 AM
The same as Counterparty keep BTC same BTCdrak(dev) keep burned Viacoins
Counterparty no keep BTC, that "destroyed" to address what anyone cant use. Viacoins "burned" coins go back for developers pockets.
So Counterparty Team can't use that BTC from burning process??
Of course not, that's the point of a Burning process, and helped prove the devs really believed in what they did since they had to burn some bitcoins to get some XCPs, like everyone else.
October 22, 2014, 05:25:10 AM
http://youtu.be/P63ByrQXd9w?t=58m59s
58:59
Im not against counterparty dogeparty or clearinghouse , lets see how these platforms are used.
58:59
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There Was a burn...I know cause i burned myself some VIA for XCH
Im not against counterparty dogeparty or clearinghouse , lets see how these platforms are used.
Agree I do own XCP and also XCH
October 22, 2014, 05:24:24 AM
The same as Counterparty keep BTC same BTCdrak(dev) keep burned Viacoins
Counterparty no keep BTC, that "destroyed" to address what anyone cant use. Viacoins "burned" coins go back for developers pockets.
So Counterparty Team can't use that BTC from burning process??
October 22, 2014, 05:09:08 AM
The same as Counterparty keep BTC same BTCdrak(dev) keep burned Viacoins
Counterparty no keep BTC, that "destroyed" to address what anyone cant use. Viacoins "burned" coins go back for developers pockets.
October 22, 2014, 05:01:32 AM
It is a shame that competitors whose existence is 100 % thanks to counterparty are arguing against counterparty (on XCP thread by the way).
October 22, 2014, 04:52:16 AM
http://youtu.be/P63ByrQXd9w?t=58m59s
58:59
Im not against counterparty dogeparty or clearinghouse , lets see how these platforms are used.
58:59
Quote
There Was a burn...I know cause i burned myself some VIA for XCH
Im not against counterparty dogeparty or clearinghouse , lets see how these platforms are used.
October 22, 2014, 04:45:11 AM
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Also proof of burn --->103 mln ClearingHouses are made from burning Viacoin (about 1mln Via)
No, I do not think there was a burn.There Was a burn...I know cause i burned myself some VIA for XCH
"XCH is the native currency of ClearingHouse and cannot be mined. 103MM XCH were initialized between block 89100 and block 251100. Converted viacoins will be used towards funding the ClearingHouse project."
"This initialization process is called "burning", but since viacoins are new and shiny, we decided not to actually burn them, but use them towards funding the ClearingHouse project looking forward."
The same as Counterparty keep BTC same BTCdrak(dev) keep burned Viacoins
A burn is sending the tokens to an unspendable address.
https://en.bitcoin.it/wiki/Proof_of_burn
What happened for XCH is that VIA were sent to an exodus address, much like Mastercoin.
(For other's information, it wasn't advertised as a burn - "Converted viacoins will be used towards funding the ClearingHouse project." https://bitcointalksearch.org/topic/ann-xch-clearinghouse-freedom-by-blockchain-734674)
October 22, 2014, 04:21:36 AM
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Also proof of burn --->103 mln ClearingHouses are made from burning Viacoin (about 1mln Via)
No, I do not think there was a burn.There Was a burn...I know cause i burned myself some VIA for XCH
"XCH is the native currency of ClearingHouse and cannot be mined. 103MM XCH were initialized between block 89100 and block 251100. Converted viacoins will be used towards funding the ClearingHouse project."
"This initialization process is called "burning", but since viacoins are new and shiny, we decided not to actually burn them, but use them towards funding the ClearingHouse project looking forward."
The same as Counterparty keep BTC same BTCdrak(dev) keep burned Viacoins
October 22, 2014, 04:04:44 AM
Quote
IIRC, they changed their attitudes positively towards Counterparty recently. Those kinds of comments now only come from competing projects.
Yes im glad they have changed, however to say that these comments come from competing projects is wrong. This will be an ongoing issue that will be up for discussion and simply accusing people that ask questions of being from a competing projects is ridiculous. October 22, 2014, 03:42:50 AM
The bashing of viacoin makes zero sense because:
Fact 4. Viacoin implements BTC core devs' suggestion that Counterparty get its own blockchain and stop parasitizing theirs.
Simply read the core dev comments about blockchain spam, and for that matter the dogecoin devs comments about blockchain spam as well.
Fact 4. Viacoin implements BTC core devs' suggestion that Counterparty get its own blockchain and stop parasitizing theirs.
Simply read the core dev comments about blockchain spam, and for that matter the dogecoin devs comments about blockchain spam as well.
IIRC, they changed their attitudes positively towards Counterparty recently. Those kinds of comments now only come from competing projects.
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