[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 179.

lonsharim

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Quote from: xnova on October 20, 2014, 06:09:34 PM

Quote from: Matt Y on October 20, 2014, 09:25:06 AM

Quote from: lonsharim on October 20, 2014, 06:53:47 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.

In reality it will be longer. There is more required for the initial release (especially around interaction with other systems). However, we are moving forward.

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?

Steffen17

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Quote from: daviducsb on October 20, 2014, 09:37:42 PM

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/

jrmg

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Quote from: daviducsb on October 20, 2014, 09:37:42 PM

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.

daviducsb

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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.

Matt Y

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Counterpartying

Quote from: ?? on ??

EMC2 board is considering doing a promotion involving counterwallet, I'm told you guys would be the best people to go to for solid info.

Would you tell me more about how counterwallet works.

Also, what might be a good way to use counterwallet to promote our coin.

thanks

Counterwallet is a deterministic web wallet that is compatible with Counterparty assets as well as bitcoin. I'm not sure how you could use Counterwallet to promote your coin.

There are a few videos on the Counterparty YouTube channel that will show you what Counterwallet is: https://www.youtube.com/channel/UC8L6aXXyobFGD2ADJVwRGoQ

GeminiSimba

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Ain't no party like a Counterparty!

Quote from: ?? on ??

EMC2 board is considering doing a promotion involving counterwallet, I'm told you guys would be the best people to go to for solid info.

Would you tell me more about how counterwallet works.

Also, what might be a good way to use counterwallet to promote our coin.

thanks

EMC as in this international cloud computing organization? O_O

http://www.emc.com/corporate/emc-at-glance/corporate-profile/index.htm

xnova

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Counterparty Developer

Quote from: BTCMILLIONAIRE on October 20, 2014, 04:11:04 PM

Quote from: GeminiSimba on October 20, 2014, 03:57:58 PM

Quote from: BTCMILLIONAIRE on October 20, 2014, 03:47:16 PM

I don't understand if overstock sells stock couldnt you just buy with usd why is everyone buying xcp Huh

Which means XCP (being the currency representing a stake in the counter party protocol) will probably be able to be used to buy shares from these future companies just like btc will be accepted.

So...it is not certain that Medici will use xcp...all speculation Shocked

For the elements of the protocol medici requires to function that require XCP, XCP will be used. Beyond that, I can't comment.

xnova

sr. member

Activity: 390

Merit: 254

Counterparty Developer

Quote from: Matt Y on October 20, 2014, 09:25:06 AM

Quote from: lonsharim on October 20, 2014, 06:53:47 AM

Quote from: Equality 7-2521 on October 20, 2014, 04:08:02 AM

Quote from: Fernandez on October 20, 2014, 01:24:10 AM

Quote from: bassclef on October 20, 2014, 01:07:59 AM

XCP has been on a steady uptrend over the past couple of weeks. Nice to see, looks like this one is definitely a holder.

The supply is low which helps.

Was just checking today, almost 15x return over the average burn price.

The supply is indeed low. It would be silly to sell XCP now when Medici is just around the corner.

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.

In reality it will be longer. There is more required for the initial release (especially around interaction with other systems). However, we are moving forward.

TechGen

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Quote from: bassclef on October 20, 2014, 04:08:40 PM

Quote from: TechGen on October 20, 2014, 04:02:00 PM

I am new so go easy on me. How will all this work? If someone buys "shares" of overstock through counterparty will they be transferable to an actual stock exchange, or are they only able to be traded through the counterparty platform?

Counterparty is simply the protocol Overstock happens to be using to create decentralized stock/share trading software. No one knows yet exactly how it will function or how it will look. Most likely digital shares will be proprietary to a digital trading platform though. I could see business opportunity for trading those shares to a traditional trading platform (NASDAQ, etc).

Ok I understand, thanks for the clarification!

GeminiSimba

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Ain't no party like a Counterparty!

Quote from: BTCMILLIONAIRE on October 20, 2014, 04:11:04 PM

Quote from: GeminiSimba on October 20, 2014, 03:57:58 PM

Quote from: BTCMILLIONAIRE on October 20, 2014, 03:47:16 PM

I don't understand if overstock sells stock couldnt you just buy with usd why is everyone buying xcp Huh

Which means XCP (being the currency representing a stake in the counter party protocol) will probably be able to be used to buy shares from these future companies just like btc will be accepted.

So...it is not certain that Medici will use xcp...all speculation Shocked

Yes but I can almost say with certainty that xcp will be able to be used even without working for overstock or counterparty. Keep in mind XCP shows stake in the groundwork of counterparty. If you were a company planning to sell equity of your business on the land that is counterparty then ofcourse it's tokens will be desired. I will be HIGHLY surprised if XCP doesn't end up being one of the forms of tokens accepted at inception of Medici stock market launch.

BTCMILLIONAIRE

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Quote from: GeminiSimba on October 20, 2014, 03:57:58 PM

Quote from: BTCMILLIONAIRE on October 20, 2014, 03:47:16 PM

I don't understand if overstock sells stock couldnt you just buy with usd why is everyone buying xcp Huh

Which means XCP (being the currency representing a stake in the counter party protocol) will probably be able to be used to buy shares from these future companies just like btc will be accepted.

So...it is not certain that Medici will use xcp...all speculation Shocked

bassclef

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Activity: 924

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Quote from: TechGen on October 20, 2014, 04:02:00 PM

I am new so go easy on me. How will all this work? If someone buys "shares" of overstock through counterparty will they be transferable to an actual stock exchange, or are they only able to be traded through the counterparty platform?

Counterparty is simply the protocol Overstock happens to be using to create decentralized stock/share trading software. No one knows yet exactly how it will function or how it will look. Most likely digital shares will be proprietary to a digital trading platform though. I could see business opportunity for trading those shares to a traditional trading platform (NASDAQ, etc).

krach

legendary

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Get Rekt

Quote

I am new so go easy on me. How will all this work? If someone buys "shares" of overstock through counterparty will they be transferable to an actual stock exchange, or are they only able to be traded through the counterparty platform?

You are most likely going to have to be registered to buy stocks on the medici platform which is not the same front end as counterwallet. Sounds like medici is the stock exchange itself, and will not need to be transfered to an "actual" stock exchange as merdici will be one, at least that is how I understand it.

TechGen

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I am new so go easy on me. How will all this work? If someone buys "shares" of overstock through counterparty will they be transferable to an actual stock exchange, or are they only able to be traded through the counterparty platform?

krach

legendary

Activity: 1851

Merit: 1020

Get Rekt

Quote

Wow thanx 4 clarification...IDIOT

wow thanks for taking it to heart.

You see the reason I am laughing is that you have a point.

Without going into great detail overstock wants to have less fraud and manipulation on the stock markets and make things more transparent by using blockchain technology. It makes it harder to front run orders and other typical cheating that happens in the legacy markets. How exactly that should all work and how well it will work with off chain parts of the market, who knows.

bassclef

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Quote from: BTCMILLIONAIRE on October 20, 2014, 03:47:16 PM

I don't understand if overstock sells stock couldnt you just buy with usd why is everyone buying xcp Huh

On the protocol level, XCP is required for certain functions. As I understand it, a .5 XCP "burn" is required create a new digital asset. Obviously this fee scales with XCP value so you don't run out.

So those sitting on XCP are doing so primarily to sell to companies/individuals looking to use the Counterparty protocol to create a platform for digital assets in the future. They are also "shareholders" in the protocol that will be able to vote future changes. Like a decentralized board.

GeminiSimba

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Ain't no party like a Counterparty!

Quote from: BTCMILLIONAIRE on October 20, 2014, 03:47:16 PM

I don't understand if overstock sells stock couldnt you just buy with usd why is everyone buying xcp Huh

Allow me to clarify, medici is not about overstock selling stock. Medici is going to be a complete virtualized version of wallstreet (which means a decentralized platform 'peer to peer' which actually follows regulations where companies all over the world will be able to sell their shares directly to investors without all the bs middle men/brokers that normal wall street investors have to deal with.) Overstock CEO had decided to build this "wallstreet" using the Counterparty protocol. Which means XCP (being the currency representing a stake in the counter party protocol) will probably be able to be used to buy shares from these future companies just like btc will be accepted.

Patrick was asked why not use one of the other protocols to build their decentralized wall street and he simply said that when he met the guys in charge of counterparty he felt that they vibed best :p

BTCMILLIONAIRE

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Quote from: ?? on ??

Quote

I don't understand if overstock sells stock couldnt you just buy with usd why is everyone buying xcp Huh

LOL

Wow thanx 4 clarification...IDIOT

BTCMILLIONAIRE

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I don't understand if overstock sells stock couldnt you just buy with usd why is everyone buying xcp Huh

profitofthegods

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Quote from: Equality 7-2521 on October 20, 2014, 02:55:44 PM

One thing Patrick (CEO of Overstock) does mention though, is that as soon as they launch medici they (overstock) will be the first company to list it's shares publicly on the platform so we will be able to immediately start buying overstock...stock

I will be all over overstock stock.

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 179. (Read 1276936 times)