[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 191.

PhantomPhreak

sr. member

Activity: 476

Merit: 300

Counterparty Chief Scientist and Co-Founder

Quote from: cryptotrader86 on October 07, 2014, 09:20:33 AM

Adam

it sounds great and revolutionary!

Anyway, I dont really seem to understand

Are you guys building a nasdaq like stock exchange? where everyone would trade stocks using counterparty coin?

how would the traditional brick-n-mortal companies get listed on your exchange? what will be the procedures?

What do you foresee the future of Medici? What's Medici role in this?

What are your visions?

Kindly advise

Thanks

Unfortunately, the implementation details aren't something I can really talk about right now.

cryptotrader86

member

Activity: 65

Merit: 10

Adam

it sounds great and revolutionary!

Anyway, I dont really seem to understand

Are you guys building a nasdaq like stock exchange? where everyone would trade stocks using counterparty coin?

how would the traditional brick-n-mortal companies get listed on your exchange? what will be the procedures?

What do you foresee the future of Medici? What's Medici role in this?

What are your visions?

Kindly advise

Thanks

myyuxuan

sr. member

Activity: 338

Merit: 250

good coin I like

delulo

sr. member

Activity: 441

Merit: 250

Quote from: IamNotSure on October 07, 2014, 07:30:16 AM

Quote from: PhantomPhreak on October 07, 2014, 07:23:17 AM

Everybody, there is an enormous amount of misinformation going around in the press. We're working to fix that ASAP. In the meantime, please help us correct errors as you see them!

For the record:

1) Overstock.com and Counterparty are partnering to build a platform (Medici) for trading stocks on Counterparty and using Counterparty's decentralized exchange.

2) I, along with Ouziel (JahPowerBit), will continue working on the Counterparty protocol full-time. Robby and Evan will continue to work on Counterparty full-time because Medici is a front-end for Counterparty.

The Wired and Coindesk articles make it sound as though we are abandoning this project. Nothing could be further from the truth!

Thank you,
Adam

Thank you Adam ! These words coming from you will be helpful to fight the Trolls & FUDers

+1
Investing in a good team made sense once again!

deejay

full member

Activity: 168

Merit: 100

For the record: i think both Medici and Counterpart need to hire a User Interface/ User Experience specialist to take it to the next level.

asnghost

sr. member

Activity: 258

Merit: 250

The correct link:
http://counterparty.io/news/counterparty-and-overstock-to-create-decentralized-stock-exchange/

Quote from: PhantomPhreak on October 07, 2014, 07:42:10 AM

More clarification: http://counterparty.io/news/counterparty-partners-with-overstock-to-create-decentralized-stock-market/

PhantomPhreak

sr. member

Activity: 476

Merit: 300

Counterparty Chief Scientist and Co-Founder

More clarification: http://counterparty.io/news/counterparty-and-overstock-to-create-decentralized-stock-exchange/

EDIT: broken link

IamNotSure

hero member

Activity: 672

Merit: 500

Quote from: PhantomPhreak on October 07, 2014, 07:23:17 AM

Everybody, there is an enormous amount of misinformation going around in the press. We're working to fix that ASAP. In the meantime, please help us correct errors as you see them!

For the record:

1) Overstock.com and Counterparty are partnering to build a platform (Medici) for trading stocks on Counterparty and using Counterparty's decentralized exchange.

2) I, along with Ouziel (JahPowerBit), will continue working on the Counterparty protocol full-time. Robby and Evan will continue to work on Counterparty full-time because Medici is a front-end for Counterparty.

The Wired and Coindesk articles make it sound as though we are abandoning this project. Nothing could be further from the truth!

Thank you,
Adam

Thank you Adam ! These words coming from you will be helpful to fight the Trolls & FUDers

Kergekoin

hero member

Activity: 546

Merit: 500

Quote from: PhantomPhreak on October 07, 2014, 07:23:17 AM

Everybody, there is an enormous amount of misinformation going around in the press. We're working to fix that ASAP. In the meantime, please help us correct errors as you see them!

For the record:

1) Overstock.com and Counterparty are partnering to build a platform (Medici) for trading stocks on Counterparty and using Counterparty's decentralized exchange.

2) I, along with Ouziel (JahPowerBit), will continue working on the Counterparty protocol full-time. Robby and Evan will continue to work on Counterparty full-time because Medici is a front-end for Counterparty.

The Wired and Coindesk articles make it sound as though we are abandoning this project. Nothing could be further from the truth!

Thank you,
Adam

Thats good info! Thank you!

PhantomPhreak

sr. member

Activity: 476

Merit: 300

Counterparty Chief Scientist and Co-Founder

Everybody, there is an enormous amount of misinformation going around in the press. We're working to fix that ASAP. In the meantime, please help us correct errors as you see them!

For the record:

1) Overstock.com and Counterparty are partnering to build a platform (Medici) for trading stocks on Counterparty and using Counterparty's decentralized exchange.

2) I, along with Ouziel (JahPowerBit), will continue working on the Counterparty protocol full-time. Robby and Evan will continue to work on Counterparty full-time because Medici is a front-end for Counterparty.

The Wired and Coindesk articles make it sound as though we are abandoning this project. Nothing could be further from the truth!

Thank you,
Adam

Tobo

hero member

Activity: 763

Merit: 500

Quote from: jrmg on October 07, 2014, 04:34:16 AM

As an explanation, what this means is that Overstock.com has committed to using Counterparty as the platform for issuing securities on the Bitcoin blockchain, e.g. for public companies, over all other Bitcoin 2.0 tech. Robby (xnova) and Evan (cityglut) will be working on that particular goal, because of their expertise with Counterparty, even as we hire more developers to work with me full-time on the core protocol and ecosystem.

If so, why do they need two devs and many months to build a Medici? Counterparty is ready and good to go, right?

What really is Medici? It sounds like a regulation friendly clone of Counterpary after reading the news.

Equality 7-2521

member

Activity: 118

Merit: 10

A difference which makes a difference

Discuss the XCP price here - https://forums.counterparty.io/discussion/701/xcp-price-speculation#latest

profitofthegods

sr. member

Activity: 378

Merit: 250

Great new today for CounterParty!

Not surprising though, it seemed like such an obvious choice for this Overstock project. The only thing I'm surprised about is that I would have expected the price of XCP to go up by more - with this Medici thing being built on CP I really can't see how NXT is worth 3 times more and BitsharesX worth nearly 7 times more.

flayway

full member

Activity: 219

Merit: 102

Quote from: Come-from-Beyond on October 07, 2014, 04:07:40 AM

Quote from: Matt Y on October 07, 2014, 03:58:16 AM

Phantom addressed this earlier in the thread. Search the last few pages or so and you'll find it.

1. Wouldn't he need to do the same for dollars then?
2. It's easier to use XCP on the DEx. Transaction fees on the Bitcoin network cannot be paid in XCP.

Hehe, are you a programmer by a chance? Marketing guy would put all essential stuff into the OP or give a direct answer. We both understand that new guys won't read all 491 pages nor even last 5. They will check the OP and the last page.

Regarding your questions:

1. No, the USA do all the work necessary to keep price/value of 1 USD stable.
2. This is how conventional Counterparty works, it has nothing to do with Medici.

PS: I didn't find direct words of Patrick in links provided by Phantom. Ok, let's wait.

If you hold almost 200k XCP, is that enough when there is also 40% burners who dont have even move their coins yet when waiting price increase and still price have been really stable last many month?
You are only too late from this train, sorry about that Tongue

But in cow carriage have still space, you are welcome join there, i stake beers and music if you singing so travel time go faster.

jrmg

full member

Activity: 134

Merit: 100

Quote from: PhantomPhreak on October 06, 2014, 06:30:41 PM

As an explanation, what this means is that Overstock.com has committed to using Counterparty as the platform for issuing securities on the Bitcoin blockchain, e.g. for public companies, over all other Bitcoin 2.0 tech. Robby (xnova) and Evan (cityglut) will be working on that particular goal, because of their expertise with Counterparty, even as we hire more developers to work with me full-time on the core protocol and ecosystem.

Great work Satoshi 2.0 and other Counterparty team too!

deliciousowl

sr. member

Activity: 432

Merit: 250

Quote from: TinEye on October 07, 2014, 04:13:44 AM

Quote from: deliciousowl on October 07, 2014, 04:10:50 AM

My estimate is 1 XCP = 10 BTC. But then again I've been called insane before... Roll Eyes

You are insane (calling again Grin

)

This is a game changing development. Congrats to the whole Counterparty team.

Yep.

Since we can expect lots of new users to get curious about Counterparty, I am reposting this article with a slight update. Here are 15 Counterparty Myths and their responses:

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

BldSwtTrs

legendary

Activity: 861

Merit: 1010

Will what Overstock is going to do still be open source or closed source?

TinEye

hero member

Activity: 639

Merit: 500

Quote from: deliciousowl on October 07, 2014, 04:10:50 AM

My estimate is 1 XCP = 10 BTC. But then again I've been called insane before... Roll Eyes

You are insane (calling again Grin

)

This is a game changing development. Congrats to the whole Counterparty team.

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: PhantomPhreak on October 06, 2014, 06:30:41 PM

As an explanation, what this means is that Overstock.com has committed to using Counterparty as the platform for issuing securities on the Bitcoin blockchain, e.g. for public companies, over all other Bitcoin 2.0 tech. Robby (xnova) and Evan (cityglut) will be working on that particular goal, because of their expertise with Counterparty, even as we hire more developers to work with me full-time on the core protocol and ecosystem.

Quote from: PhantomPhreak on October 06, 2014, 10:56:43 PM

Quote from: Fernandez on October 06, 2014, 10:48:25 PM

Quote from: Matt Y on October 06, 2014, 10:43:48 PM

Quote from: Fernandez on October 06, 2014, 10:42:17 PM

The exchange will be built on top of counterparty, is that confirmed? Thats one of the biggest news ever, if true.

Confirmed.

Link? The Wired article says the coders have been hired, not that it is going to built on top of Counterparty.

I can confirm it. Patrick Byrne discussed the matter extensively in his talk at Inside Bitcoins, which is not yet online. Right now, there's just this.

deliciousowl

sr. member

Activity: 432

Merit: 250

My estimate is 1 XCP = 10 BTC. But then again I've been called insane before... Roll Eyes

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 191. (Read 1276789 times)