Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 178. (Read 1276789 times)
October 21, 2014, 01:22:21 PM
I just want to come in and laugh at how hoarding everyone is on bter. I put in an order for 1.5 XCP (JUST 1.5!!) and it took almost an hour for the order to go through LMAO. People are holding to the max.
October 21, 2014, 01:22:13 PM
I just went to clearinghouses page and it says they are based off the counterparty protocol and also run on the bitcoin blockchain. In other words they are a counterparty clone without the exposure and interest of big companies. As far as which is better? Well if they are clones then from a technical standpoint both are pretty much the same, the big difference will be in the people who are the lead developers of the coin and also the "community" of the coin. In the case of counterparty, the CEO of Overstock specifically said in his speech that he went to a bitcoin conference, met the counterparty guys "randomly" and had such a good connection with the devs he decided on the spot that he wanted to work with them.
Clearinghouse runs on the Viacoin blockchain not BTC.
I stand corrected, in that case Counterparty is definitely better to choose since the crypto ecosystem is starting to show as such that anything running on the ultra secure bitcoin blockchain is better than starting a new blockchain or using one less secure.
But from what I understand, isn't clearinghouse compatible with, but not reliant on the bitcoin blockchain? Giving it flexibility and security? Sorry if this is a dumb question, I'm a novice.
No. Clearinghouse is not on Bitcoin. You're either on Bitcoin or you're not and Clearinghouse is not. It could be made to work with Bitcoin because Clearinghouse is a clone of Counterparty, but then, Counterparty is already on Bitcoin. If being on Bitcoin were not such a huge advantage the Counterparty developers could move it to another chain in a day or so. They won't because there is absolutely no reason to be on another chain, but it is possible. Any flexibility and security feature that Clearinghouse has, it has because the Counterparty developers wrote the code and open sourced it on GitHub so that other people could use it as well.
October 21, 2014, 01:16:32 PM
I just went to clearinghouses page and it says they are based off the counterparty protocol and also run on the bitcoin blockchain. In other words they are a counterparty clone without the exposure and interest of big companies. As far as which is better? Well if they are clones then from a technical standpoint both are pretty much the same, the big difference will be in the people who are the lead developers of the coin and also the "community" of the coin. In the case of counterparty, the CEO of Overstock specifically said in his speech that he went to a bitcoin conference, met the counterparty guys "randomly" and had such a good connection with the devs he decided on the spot that he wanted to work with them.
Clearinghouse runs on the Viacoin blockchain not BTC.
I stand corrected, in that case Counterparty is definitely better to choose since the crypto ecosystem is starting to show as such that anything running on the ultra secure bitcoin blockchain is better than starting a new blockchain or using one less secure.
But from what I understand, isn't clearinghouse compatible with, but not reliant on the bitcoin blockchain? Giving it flexibility and security? Sorry if this is a dumb question, I'm a novice.
October 21, 2014, 01:06:34 PM
Food for thought, and why using the BTC Blockchain is a good idea.
Linked by Gavin in his AMA:
"Distributed Consensus from Proof of Stake is Impossible"
https://download.wpsoftware.net/bitcoin/pos.pdf
Linked by Gavin in his AMA:
"Distributed Consensus from Proof of Stake is Impossible"
https://download.wpsoftware.net/bitcoin/pos.pdf
October 21, 2014, 11:58:06 AM
I just went to clearinghouses page and it says they are based off the counterparty protocol and also run on the bitcoin blockchain. In other words they are a counterparty clone without the exposure and interest of big companies. As far as which is better? Well if they are clones then from a technical standpoint both are pretty much the same, the big difference will be in the people who are the lead developers of the coin and also the "community" of the coin. In the case of counterparty, the CEO of Overstock specifically said in his speech that he went to a bitcoin conference, met the counterparty guys "randomly" and had such a good connection with the devs he decided on the spot that he wanted to work with them.
Clearinghouse runs on the Viacoin blockchain not BTC.
I stand corrected, in that case Counterparty is definitely better to choose since the crypto ecosystem is starting to show as such that anything running on the ultra secure bitcoin blockchain is better than starting a new blockchain or using one less secure.
first this and second much more imporantly
every week more btc adresses are added than any other altcoin has in total - counterparty indirectly uses this network effect.
October 21, 2014, 11:56:39 AM
There's the reason why an alt should never surpass Bitcoin, because if it happens, it will break trust in both. Put it simple, how can investors, like Wallst, be sure that the alt won't be surpassed by newer alts ? So it should/will not happen.
Same logic can be applied to Counterparty, clones or other protocols on top of blockchain technology cannot compete with the original.
Same logic can be applied to Counterparty, clones or other protocols on top of blockchain technology cannot compete with the original.
October 21, 2014, 11:18:14 AM
I just went to clearinghouses page and it says they are based off the counterparty protocol and also run on the bitcoin blockchain. In other words they are a counterparty clone without the exposure and interest of big companies. As far as which is better? Well if they are clones then from a technical standpoint both are pretty much the same, the big difference will be in the people who are the lead developers of the coin and also the "community" of the coin. In the case of counterparty, the CEO of Overstock specifically said in his speech that he went to a bitcoin conference, met the counterparty guys "randomly" and had such a good connection with the devs he decided on the spot that he wanted to work with them.
Clearinghouse runs on the Viacoin blockchain not BTC.
I stand corrected, in that case Counterparty is definitely better to choose since the crypto ecosystem is starting to show as such that anything running on the ultra secure bitcoin blockchain is better than starting a new blockchain or using one less secure.
October 21, 2014, 10:55:33 AM
That makes sense, thanks guys. This is all very new to me still.
October 21, 2014, 10:50:32 AM
I just went to clearinghouses page and it says they are based off the counterparty protocol and also run on the bitcoin blockchain. In other words they are a counterparty clone without the exposure and interest of big companies. As far as which is better? Well if they are clones then from a technical standpoint both are pretty much the same, the big difference will be in the people who are the lead developers of the coin and also the "community" of the coin. In the case of counterparty, the CEO of Overstock specifically said in his speech that he went to a bitcoin conference, met the counterparty guys "randomly" and had such a good connection with the devs he decided on the spot that he wanted to work with them.
Clearinghouse runs on the Viacoin blockchain not BTC.
October 21, 2014, 10:49:08 AM
I'm trying to understand all this. What is the difference between counterparty and clearinghouse? And why would one choose one platform over another? Are they both compatible with btc? A good friend of mine told me to come here and check out clearinghouse, he said that is the platform his company is actively looking at implementing into their business (a gaming company) much like how overstock is doing with counterparty.
The main difference is which block chain each system is on. Counterparty rides on Bitcoin so benefits from the best network security and longest track record. I don't know what tweaks Clearinghouse has made but it is conceivable that they have some features that don't know xist or aren't enabled for Counterparty. October 21, 2014, 10:41:30 AM
I'm trying to understand all this. What is the difference between counterparty and clearinghouse? And why would one choose one platform over another? Are they both compatible with btc? A good friend of mine told me to come here and check out clearinghouse, he said that is the platform his company is actively looking at implementing into their business (a gaming company) much like how overstock is doing with counterparty.
I just went to clearinghouses page and it says they are based off the counterparty protocol and also run on the bitcoin blockchain. In other words they are a counterparty clone without the exposure and interest of big companies. As far as which is better? Well if they are clones then from a technical standpoint both are pretty much the same, the big difference will be in the people who are the lead developers of the coin and also the "community" of the coin. In the case of counterparty, the CEO of Overstock specifically said in his speech that he went to a bitcoin conference, met the counterparty guys "randomly" and had such a good connection with the devs he decided on the spot that he wanted to work with them.
October 21, 2014, 10:21:45 AM
I'm trying to understand all this. What is the difference between counterparty and clearinghouse? And why would one choose one platform over another? Are they both compatible with btc? A good friend of mine told me to come here and check out clearinghouse, he said that is the platform his company is actively looking at implementing into their business (a gaming company) much like how overstock is doing with counterparty.
October 21, 2014, 08:25:37 AM
The Counterparty Protocol team never took a dime of investment and they paid for development out of their own pocket. Quite foresight and prudent of them.
October 21, 2014, 08:22:33 AM
May I suggest to move all the posts speculating XCP price to their own thread?
See here - https://forums.counterparty.io/discussion/701/xcp-price-speculation#latest
October 21, 2014, 08:13:14 AM
Yeah better speculate this - https://twitter.com/CoyoteCrypto/status/524266878496415744
October 21, 2014, 08:08:46 AM
May I suggest to move all the posts speculating XCP price to their own thread?
October 21, 2014, 06:37:54 AM
Can't comment the certainty, but being in financials for more than a decade, I'm 100 percent sure that there will be a identification process added for those who want to invest in assets through Medici. There is simply no other way for governments to keep track on profits and taxes.
October 21, 2014, 06:28:19 AM
Are there any proposed timelines on when Medici is expected to be operational?
Patrick said three months for software and hopefully six months for regulatory work.
Thanks Matt Y and xnova
Could either of you shed some light on the regulatory challenges or is it very early days and we should wait and watch.
I am curious about what kind of users will be allowed in medici exchange. I can't imagine financial regulatory authorities being OK with user anonymity. Would that mean that users in the exchange will have be registered/verified? I am guessing something along those lines will be really help with regulatory approval. There are tons of other issues but this struck to me as the biggest impediment. Are you in a position to comment?
October 21, 2014, 05:24:56 AM
The fact that counterparty is still at an $11 million market cap despite the Byrne news is mind boggling. IMO should be 5 times that, as least as much as BitSharesX and probably where Litecoin is (10X). Byrne, some Mormons, and myself are going to make a killing on this thing.
Exactly.
XCP is the only coin which can go X1000 and have a really big bubble, without no significant risk to make a mistake by buying it now.
Furthermore, I can't imagine how much people will regretting not to have a share of Wall Street. The next pump is imminent.
In the beginning, I felt really bad for people going on the thread, saying "It is 8 months old, it won't pump" and going elsewhere, especially bittrex shitcoins : 80 % of coins disappear in 2 months, most of noobs loose money and, guess what, meanwhile, XCP made steadily X15, with nobody loosing money and no FUD / manipulation.
Now, I don't care for so stupid people. There have been so many articles, it is not ignorance, but stupidity, or denial.
New articles AGAIN by the way :
https://www.cryptocoinsnews.com/overstocks-medici-partner-counterparty-announces-counterparty-foundation/
http://newsbtc.com/2014/10/20/overstocks-crypto-exchange-partner-counterparty-launching-foundation/
October 21, 2014, 03:36:30 AM
The fact that counterparty is still at an $11 million market cap despite the Byrne news is mind boggling. IMO should be 5 times that, as least as much as BitSharesX and probably where Litecoin is (10X). Byrne, some Mormons, and myself are going to make a killing on this thing.
Counterparty have also only like 10000 coins trading volume per 24 hour where litecoin have like 560000. Also in dollars $38k vs bitshares $260k. There is big different in all way you compare between counterparty or any other coins.. I think counterparty 24h volume never go really high because everyone buy for holding.
Btw btc38 still no have list XCP? Still same vote is running http://www.btc38.com/trade/vote_for_trade_en.html
Anyone know when that start? The period will be 1 to 3 weeks.
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