[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 178.

GeminiSimba

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Ain't no party like a Counterparty!

Quote from: TechGen on October 21, 2014, 01:43:09 PM

Ok, I think I understand. What I don't quite get yet is why would, say a gaming company, launch a gambling game on clearinghouse opposed to counterparty? I'm told because clearinghouse is much faster? Sorry if this is off topic.

Well according to their page - https://bitcointalksearch.org/topic/ann-xch-clearinghouse-freedom-by-blockchain-734674
It does say their coin is faster, but you have to think a bit logically here, counterparty tokens (xcp) run on the bitcoin blockchain, which means they run as fast as bitcoin. Thus clearinghouse is in essence saying their coin runs faster than bitcoin, which is totally fine but another thought is do you find any company unsatisfied with bitcoins speed today? Is there any companies just dying to get a coin faster than btc? You don't really hear about such things...thus if having a coin that runs faster than counterparty is a perk it's a pretty cheap perk in my opinion.

iCEBREAKER

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Crypto is the separation of Power and State.

Quote from: Matt Y on October 21, 2014, 01:22:13 PM

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.

There are plenty of reasons to be on another chain. Faster blocks, friendly relations with chain devs, quicker/better implementation of new features/bugfixes/etc.

Your absolute denial of them makes your position less reasonable and thus weaker, not stronger.

As for the forced choice between "either on Bitcoin or you're not"...treechains are coming!

http://bitcointlv.com/en/Agenda/Day-2-October-20

TechGen

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Ok, I think I understand. What I don't quite get yet is why would, say a gaming company, launch a gambling game on clearinghouse opposed to counterparty? I'm told because clearinghouse is much faster? Sorry if this is off topic.

GeminiSimba

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Ain't no party like a Counterparty!

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.

Matt Y

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Counterpartying

Quote from: TechGen on October 21, 2014, 01:16:32 PM

Quote from: GeminiSimba on October 21, 2014, 11:18:14 AM

Quote from: ElTomeko27 on October 21, 2014, 10:50:32 AM

Quote from: GeminiSimba on October 21, 2014, 10:41:30 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.

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.

TechGen

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Quote from: GeminiSimba on October 21, 2014, 11:18:14 AM

Quote from: ElTomeko27 on October 21, 2014, 10:50:32 AM

Quote from: GeminiSimba on October 21, 2014, 10:41:30 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.

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.

deliciousowl

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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

nakaone

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Quote from: GeminiSimba on October 21, 2014, 11:18:14 AM

Quote from: ElTomeko27 on October 21, 2014, 10:50:32 AM

Quote from: GeminiSimba on October 21, 2014, 10:41:30 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.

romerun

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Bitcoin is new, makes sense to hodl.

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.

GeminiSimba

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Ain't no party like a Counterparty!

Quote from: ElTomeko27 on October 21, 2014, 10:50:32 AM

Quote from: GeminiSimba on October 21, 2014, 10:41:30 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.

TechGen

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That makes sense, thanks guys. This is all very new to me still.

ElTomeko27

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Quote from: GeminiSimba on October 21, 2014, 10:41:30 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.

weex

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Quote from: TechGen on 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.

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.

GeminiSimba

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Ain't no party like a Counterparty!

Quote from: TechGen on 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.

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.

TechGen

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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.

Equality 7-2521

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A difference which makes a difference

Quote from: mishax1 on October 21, 2014, 08:13:14 AM

Yeah better speculate this - https://twitter.com/CoyoteCrypto/status/524266878496415744

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.

Equality 7-2521

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A difference which makes a difference

Quote from: BitThink on October 21, 2014, 08:08:46 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

mishax1

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Yeah better speculate this - https://twitter.com/CoyoteCrypto/status/524266878496415744

BitThink

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May I suggest to move all the posts speculating XCP price to their own thread?

GSI_Kristjan

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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.

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 178. (Read 1276936 times)