Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 192. (Read 1276789 times)

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.

Add to that the legal muscle they will bring to the field and streamline the procedure for others. Its a victory for all regardless of whether they have XCP or not.

"After spinning off from Overstock, Byrne says, the company behind this project will help other businesses take their companies public and juggle transactions. The intention is to charge about 20 percent or less of what Wall Street banks charge for similar services today."

What benefits will get Overstock by doing the front end?

They will probably want to take fees on every transactions, isn't it?

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.

Is there a link to words of Patrick Byrne regaring this issue? People that know how business is done won't believe that a CEO agrees to lose even a small part of the control they have. For XCP holders it may mean only 2 things:

1. Patrick will buy 99% of all XCP to remove even a small chance that other XCP holders could manipulate the market.
2. XCP won't affect Medici at all and hence will be unusable here, more likely trades will be done directly in BTC and in the best case XCP will be used to pay transaction fee (subject to 7 tx/sec limit).

1/ Just to remind everybody that XCP ("the coin") is more convenient (cheaper and faster + voting rights) than BTC int the protocol.

The natural and logical consequence of counterparty adoption, and dev's vision, is that XCP replace BTC as main currency in the protocol (so in Wall Street and global finance), when Counterparty still relying on BTC blockchain.

XCP is only 2-3 $, and trading for 8 months at these cheap prices. Most burners ("early investors") haven't sold in 8 months time (whatever the experimented fudd) and always told they won't sell at least under 100$, what is still very low compared with BTC marketcap.

2/ Devs have perfectly followed the road map in the last months.
 
The future is still clear :
- Counterparty leads the way and is the standard for assets and others financial instruments.
- meanwhile, the next bubble will be in crypto 2.0, forget altcoins.
- XCP will "replace" BTC in finance.

It is just a remind for posterity, when XCP will go mainstream in Finance, and people complaining XCP is unaffordable. The future have been obvious for months, and the path is strictly the same that earliest bitcoiners have known. Like bitcoin in recent stages, the next fight for xcp is regulatory issues or SEC acceptance (By the way, this point has been already anticipated and studied by lawyers ).

I don't see other coins, assets or instrument which could make you millionaire...It is a extremely serious fault not to invest now in XCP, and hold. Don't say in the future you didn't know.

Looking at current market cap, I see at least another double up in short term and surely more after new development updates in few months.

How about what benefit will bitcoin holders get? This news is good for everyone. A decentralized stock market built on Bitcoin is huge news and good for the entire space. XCP holders have realized a 100% return in less than 24 hours (as of now) -- who knows what the future holds though.

This could prove to be the most promising altcoin news up to date.
Will be following the progress with great interest!

BCNext wants to know: "What benefit will holders of XCP get (like 100x rise of the price)?"

On the Counterparty Protocol. Read the last few pages of the thread for multiple independent confirmations of this.

On the Counterparty network. Not a fork. As much a part of Counterparty as possible.

On Counterparty network or on Counterparty code?

Just going to answer these until Adam or other official representative comes by.

1. Adam is staying at Counterparty full time. Robby and Evan are going to be spending much of their time with Overstock in their new roles there. I would imagine they will still be somewhat involved in the day to day of Counterparty, but that's for them to answer. Regardless, the Overstock project is so good for Counterparty, that if Robby and Evan spent all their time on it, it would be hard to say they were not working full-time on Counterparty. It's hard to think of more important work other than direct protocol development, which I'm sure is still very much a priority.

2. It's going to be built on Counterparty and as part of the Counterparty platform.

3. XCP will be used in a similar context to how it's used now. To facilitate trades, create assets, and so on. Dividends can be paid in any currency, however, XCP is good to facilitate trades with.

This is the best news we could hope for. The most meaningful traction we could ask for. A deep partnership with a visible, powerful man who shares a very similar ideology to the Counterparty project, its community, and founders. This should certainly get the attention of Reddit should they move forward with their plan to give back 1% of Reddit equity to community members.

This is the best article so far: http://www.wired.com/2014/10/overstock-com-assembles-coders-build-bitcoin-like-stock-market/

Coindesk Article: http://www.coindesk.com/overstock-hires-counterparty-developers-build-cryptosecurity-stock-exchange/

I don't know about #1, but 2 and 3 are positive for XCP. Medici will use Counterparty as it stands on the Bitcoin block chain, not just the technology or some kind of reset. XCP would be the best choice for cheap, simple dividends but of course bitcoin could be used for that as long as they're ok with miner fees.

+1. Those need to be answered.