[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 181.

Equality 7-2521

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A difference which makes a difference

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.

Fernandez

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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.

bassclef

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

fox19891989

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XCP to da moon! Grin

canth

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Quote from: bitwhizz on October 19, 2014, 10:08:22 AM

Will medici (which Overstock is building) have an IPO?

If Medici does have an IPO, I imagine it'll need to be done with the blessing of the SEC. Patrick Byrne is a rebel but he's said that he's building a platform with the intent of maintaining regulatory approval.

To me, that means requiring KYC since the SEC is sticky about that sort of thing. Still interested in a Medici IPO?

bitwhizz

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Will medici (which Overstock is building) have an IPO?

GSI_Kristjan

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Quote from: ?? on ??

Quote from: GSI_Kristjan on October 18, 2014, 08:43:08 AM

why not ask 0.5 BTC instead of XCP for creating assets?

Asking for BTC means someone will get the funds which complicates matters by taking it from a pure protocol to a business which would muddle the trust involved. Burning 0.5 XCP for asset issuance is similar to burning about 0.005 btc except that without intervention the fee will scale with the value of XCP and the platform to make new assets more expensive. At some point the fee would probably be lowered by a vote of XCP holders to keep it reasonable.

Wasn't me who asked this, but OK- I forgive you.

romerun

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Bitcoin is new, makes sense to hodl.

Quote from: ?? on ??

Quote from: GSI_Kristjan on October 18, 2014, 08:43:08 AM

why not ask 0.5 BTC instead of XCP for creating assets?

Asking for BTC means someone will get the funds which complicates matters by taking it from a pure protocol to a business which would muddle the trust involved. Burning 0.5 XCP for asset issuance is similar to burning about 0.005 btc except that without intervention the fee will scale with the value of XCP and the platform to make new assets more expensive. At some point the fee would probably be lowered by a vote of XCP holders to keep it reasonable.

It also opens door to refund some of those 0.5 in the future when xcp price is sky high and the community make some decentralized voting.

Fernandez

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Quote from: Eriul_Pow on October 18, 2014, 04:01:20 AM

You would freak, then you would despair, then you would promise yourself to recover what you lost.

I'm in the third phase. Grin

And I'm not rich but I've got 5000 XCP left.

Imagine if you sold all before the Overstock announcement, you would've less in Bitcoin value than you have now. So theres something to cheer. Saying that, I would've gone insane.

Rich is a matter of perspective, I would've been delighted if I had 5000 XCP.

Matt Y

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Counterpartying

Quote from: deliveryman on October 18, 2014, 08:50:33 AM

Quote from: GSI_Kristjan on October 18, 2014, 08:43:08 AM

Quote from: deliveryman on October 18, 2014, 07:50:54 AM

can anyone help me to understand why xcp holds value? if counterparty is about the bitcoin chain and all, for what will counterparty have value?

im a noob so dont go beserk on me. im just trying to understand

Heres few links for you get familiar with its value:

http://blockscan.com
http://counterwallet.io
http://forums.counterparty.io/
http://counterparty.io/

All you need to do is read and try understand the concept.

I understand most of the concept and decentralized counterparty seems something amazing. Its just that i dont quiet yet understand why there is the need for XCP in it? Why has XCP value? I mean, why not ask 0.5 BTC instead of XCP for creating assets. Iam not trying to hate, just trying to understand this part before investing

The main value of XCP is its ability to be escrowed for binary bets and CFDs. No other currency is escrowable in this way within the Counterparty ecosystem and this makes XCP very unique. Additional value/functionality comes from what will likely be a much smoother and less expensive trading experience on Counterparty's decentralized exchange, which will be important as various decentralized asset listing services pop up all over the place, assuming those services (read: Medici and now Vennd) get traction.

xnova

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Counterparty Developer

Medici project is hiring.

http://www.reddit.com/r/Bitcoin/comments/2jmfhy/senior_backend_or_frontend_developer_overstocks/

mtbitcoin

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Etherscan.io

Quote from: Patel on October 18, 2014, 09:01:36 AM

There are some features on the Counterparty protocol which can be performed only with XCP. For example, betting, CFD, and a couple others I think
[/quote]

This is another good read by "deliciousowl" I believe ..

http://coinedtalk.com/12-myths-about-counterpartyxcp/

Patel

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Quote from: deliveryman on October 18, 2014, 08:50:33 AM

Quote from: GSI_Kristjan on October 18, 2014, 08:43:08 AM

Quote from: deliveryman on October 18, 2014, 07:50:54 AM

can anyone help me to understand why xcp holds value? if counterparty is about the bitcoin chain and all, for what will counterparty have value?

im a noob so dont go beserk on me. im just trying to understand

Heres few links for you get familiar with its value:

http://blockscan.com
http://counterwallet.io
http://forums.counterparty.io/
http://counterparty.io/

All you need to do is read and try understand the concept.

I understand most of the concept and decentralized counterparty seems something amazing. Its just that i dont quiet yet understand why there is the need for XCP in it? Why has XCP value? I mean, why not ask 0.5 BTC instead of XCP for creating assets. Iam not trying to hate, just trying to understand this part before investing

There are some features on the Counterparty protocol which can be performed only with XCP. For example, betting, CFD, and a couple others I think

deliveryman

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Activity: 277

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Quote from: GSI_Kristjan on October 18, 2014, 08:43:08 AM

Quote from: deliveryman on October 18, 2014, 07:50:54 AM

can anyone help me to understand why xcp holds value? if counterparty is about the bitcoin chain and all, for what will counterparty have value?

im a noob so dont go beserk on me. im just trying to understand

Heres few links for you get familiar with its value:

http://blockscan.com
http://counterwallet.io
http://forums.counterparty.io/
http://counterparty.io/

All you need to do is read and try understand the concept.

I understand most of the concept and decentralized counterparty seems something amazing. Its just that i dont quiet yet understand why there is the need for XCP in it? Why has XCP value? I mean, why not ask 0.5 BTC instead of XCP for creating assets. Iam not trying to hate, just trying to understand this part before investing

GSI_Kristjan

newbie

Activity: 41

Merit: 0

Quote from: deliveryman on October 18, 2014, 07:50:54 AM

can anyone help me to understand why xcp holds value? if counterparty is about the bitcoin chain and all, for what will counterparty have value?

im a noob so dont go beserk on me. im just trying to understand

Heres few links for you get familiar with its value:

http://blockscan.com
http://counterwallet.io
http://forums.counterparty.io/
http://counterparty.io/

All you need to do is read and try understand the concept.

deliveryman

sr. member

Activity: 277

Merit: 250

can anyone help me to understand why xcp holds value? if counterparty is about the bitcoin chain and all, for what will counterparty have value?

im a noob so dont go beserk on me. im just trying to understand

mtbitcoin

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Etherscan.io

Quote from: Eriul_Pow on October 18, 2014, 04:01:20 AM

You would freak, then you would despair, then you would promise yourself to recover what you lost.

I'm in the third phase. Grin

And I'm not rich but I've got 5000 XCP left.

Overall still a profitable venture ::: Hodl Grin

Eriul_Pow

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You would freak, then you would despair, then you would promise yourself to recover what you lost.

I'm in the third phase. Grin

And I'm not rich but I've got 5000 XCP left.

Fernandez

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I don't know how I would've reacted if I lost 5k+ XCP. The only consolation in this case is that he sounds he is very rich, and has a lot more than the amount lost.

weex

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Quote from: mtbitcoin on October 17, 2014, 08:12:20 AM

Quote from: SalimNagamato on October 17, 2014, 08:07:34 AM

more than 50... Sad

Quote from: mtbitcoin on October 17, 2014, 06:53:49 AM

Quote from: Eriul_Pow on October 16, 2014, 02:34:52 PM

It was 6 months ago. I like the help though.

I posted it now because I didn't log in my btctalk account 'til yesterday.

http://blockscan.com/address.aspx?q=1KLgg2eheNcftUgYKeTWvFaDMdGEY3qPDf

Sorry to hear that. If its any consolation you only lost 4 BTC (which is what you burned then)

Proof of burn. 4 BTC was burned.

Valuation is really up to the one who lost. It's human nature to choose the higher or market value to claim as a loss. In that case, 5700 XCP does come out to 50+ btc. Hopefully as someone who burned 4 btc at that time, he was not risking a large portion of his funds and can purchase some XCP to re-establish a position.

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 181. (Read 1276789 times)