[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 201.

Fernandez

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Quote from: Matt Y on September 18, 2014, 10:55:13 AM

Quote from: Giulio Prisco on September 18, 2014, 10:53:31 AM

Quote from: Matt Y on September 18, 2014, 10:35:16 AM

Here is how betting with Counterparty works. The feed operator never has access to funds.
http://betxcp.com/howitworks

Thanks Matt Y. Is Counterparty suitable in-principle for realtime gaming e.g. online poker?

I joined the Counterparty forums and asked this question there as well.

No, it's not. I'm not sure what it would take to get it there, but my guess is quite a bit.

Its too slow for something like that to be possible.

Betting is all the game you can play on Counterparty.

Anotheranonlol

hero member

Activity: 588

Merit: 504

Quote from: romerun on September 18, 2014, 07:01:08 PM

anyone working on statement betting on XCP ? allowing users to create statements, and broadcast yes/no with reputation attached with creators, etc.

Like this? http://xbet.io/categories/oracles

romerun

legendary

Activity: 1078

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Bitcoin is new, makes sense to hodl.

anyone working on statement betting on XCP ? allowing users to create statements, and broadcast yes/no with reputation attached with creators, etc.

supersuber

member

Activity: 118

Merit: 104

Counterparty

Code:

C:\counterpartyd_build>counterpartyd server

C:\counterpartyd_build>echo off
Traceback (most recent call last):
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 21, in
 
    from lib import config, api, util, exceptions, bitcoin, blocks, blockchain
  File "C:\counterpartyd_build\dist\counterpartyd\lib\api.py", line 17, in le>
    import flask
  File "C:\counterpartyd_build\env\lib\site-packages\flask\__init__.py", line 17
, in 
    from werkzeug.exceptions import abort
  File "C:\counterpartyd_build\env\lib\site-packages\werkzeug\__init__.py", line
 154, in 
    __import__('werkzeug.exceptions')
  File "C:\counterpartyd_build\env\lib\site-packages\werkzeug\exceptions.py", li
ne 111
    return u'%s
' % escape(self.description)
                      ^
SyntaxError: invalid syntax

C:\counterpartyd_build>

anyone can help me? Thx

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: Giulio Prisco on September 18, 2014, 10:53:31 AM

Quote from: Matt Y on September 18, 2014, 10:35:16 AM

Here is how betting with Counterparty works. The feed operator never has access to funds.
http://betxcp.com/howitworks

Thanks Matt Y. Is Counterparty suitable in-principle for realtime gaming e.g. online poker?

I joined the Counterparty forums and asked this question there as well.

No, it's not. I'm not sure what it would take to get it there, but my guess is quite a bit.

Giulio Prisco

full member

Activity: 173

Merit: 101

Quote from: Matt Y on September 18, 2014, 10:35:16 AM

Here is how betting with Counterparty works. The feed operator never has access to funds.
http://betxcp.com/howitworks

Thanks Matt Y. Is Counterparty suitable in-principle for realtime gaming e.g. online poker?

I joined the Counterparty forums and asked this question there as well.

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: Giulio Prisco on September 18, 2014, 04:22:24 AM

Quote from: Jpja on September 18, 2014, 03:17:58 AM

Counterparty is a platform for finance and betting. Every action is a Bitcoin transaction with embedded metadata which the Counterparty protocol interprets. All history is saved in the Bitcoin blockchain, and this enables an ecosystem of coins, assets, bets, and games.

Thanks! This was my impression after first reading, but it's good to see it confirmed.

Does Counterparty solve the trust problem for betting and gaming (the fear that the operator may take the money and go)?

Is it suitable in-principle for realtime gaming e.g. online poker?

Here is how betting with Counterparty works. The feed operator never has access to funds.

http://betxcp.com/howitworks

Fernandez

legendary

Activity: 1008

Merit: 1000

Quote from: devphp on September 17, 2014, 12:39:53 AM

Quote from: toffoo on September 16, 2014, 08:58:49 PM

...it also suffers from this same speed issue, only to a lesser degree.

What would be acceptable in terms of speed? Decentralized systems can't be as fast as centralized and cannot deliver data in under 1 second. So what would be a good balance between comfortable use and still keeping things decentralized (=protected from tampering with)?

sub minute would be good, but even a minute or two is fine. Waiting for over 10 minutes which sometimes goes upto 30-40 minutes is insane.

The other day I tried depositing on Bter and it said it needed 3 confirms. I just went out for dinner.

Fernandez

legendary

Activity: 1008

Merit: 1000

Quote from: ?? on ??

Why is there a need for faster transactions? Block chain size and security should outweigh speed in my opinion. XCP has an advantage being built on Bitcoin.

Bitcoin security is overplayed. Its so centralized now that its actually in quite a dangerous situation. The new PoS schemes seem to be working fine but we have to wait and see if they get attacked and survive.

Anotheranonlol

hero member

Activity: 588

Merit: 504

Quote from: Giulio Prisco on September 18, 2014, 04:22:24 AM

Quote from: Jpja on September 18, 2014, 03:17:58 AM

Counterparty is a platform for finance and betting. Every action is a Bitcoin transaction with embedded metadata which the Counterparty protocol interprets. All history is saved in the Bitcoin blockchain, and this enables an ecosystem of coins, assets, bets, and games.

Thanks! This was my impression after first reading, but it's good to see it confirmed.

Does Counterparty solve the trust problem for betting and gaming (the fear that the operator may take the money and go)?

It does solve exactly that problem.

Quote from: Giulio Prisco on September 18, 2014, 04:52:20 AM

Quote from: Spratan on September 18, 2014, 04:37:33 AM

It has been already done on counterparty - look at chancecoin, decentralized casino

Thanks, I will take a look. What I understand from a quick browsing of the Chancecoin thread, it is NOT based on Counterparty, but similar features could be implemented.

The following are based directly on CounterParty:

https://bitcointalksearch.org/topic/betxcp-decentralized-sports-betting-vig-free-767510 // BetXCP
https://bitcointalksearch.org/topic/xbetio-the-worlds-first-distributed-betting-application-645322 // Xbet

You can also play rock/paper/scissors directly from counterwallet.

Giulio Prisco

full member

Activity: 173

Merit: 101

Quote from: Spratan on September 18, 2014, 04:37:33 AM

It has been already done on counterparty - look at chancecoin, decentralized casino

Thanks, I will take a look. What I understand from a quick browsing of the Chancecoin thread, it is NOT based on Counterparty, but similar features could be implemented.

Spratan

hero member

Activity: 689

Merit: 507

Quote from: Giulio Prisco on September 18, 2014, 04:22:24 AM

Does Counterparty solve the trust problem for betting and gaming (the fear that the operator may take the money and go)?

Is it suitable in-principle for realtime gaming e.g. online poker?

It has been already done on counterparty - look at chancecoin, decentralized casino

Giulio Prisco

full member

Activity: 173

Merit: 101

Quote from: Jpja on September 18, 2014, 03:17:58 AM

Counterparty is a platform for finance and betting. Every action is a Bitcoin transaction with embedded metadata which the Counterparty protocol interprets. All history is saved in the Bitcoin blockchain, and this enables an ecosystem of coins, assets, bets, and games.

Thanks! This was my impression after first reading, but it's good to see it confirmed.

Does Counterparty solve the trust problem for betting and gaming (the fear that the operator may take the money and go)?

Is it suitable in-principle for realtime gaming e.g. online poker?

Jpja

member

Activity: 150

Merit: 29

Happy mother of 5 children

Quote from: Giulio Prisco on September 18, 2014, 01:55:21 AM

I am trying to understand Counterparty but I guess I am too lazy and wish to save a few hours of hard intellectual work ;-) Can somebody think of a clear and concise single paragraph? What is Counterparty, why it is part of Bitcoin 2.0, what is its unique selling point, and what applications it's uniquely suitable for.

Thanks!

I'll give it a try.

Counterparty is a platform for finance and betting. Every action is a Bitcoin transaction with embedded metadata which the Counterparty protocol interprets. All history is saved in the Bitcoin blockchain, and this enables an ecosystem of coins, assets, bets, and games.

jrmg

full member

Activity: 134

Merit: 100

Quote from: weex on September 18, 2014, 12:35:44 AM

Koinify is using Counterparty and has received a total of $1.4 million in funding thus far.

http://koinify.com/blog/koinify-raises-1m-in-latest-round-from-idg-brock-pierce-to-accelerate-decentralized-economy/

What is koinify asset name?

Yesterday 2499 transaction. So far highest amount for one day..?

Giulio Prisco

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Activity: 173

Merit: 101

Quote from: Anotheranonlol on September 18, 2014, 02:08:52 AM

I think this should be clear and concise enough:
https://www.counterparty.co/about/

But it isn't.

"The primary goal of Counterparty is to enable entrepreneurs, developers, artists and more to build a new, productive economy: doing things that have never been done before, made possible by the amazing technology behind Bitcoin. We want to unlock the potential of “Bitcoin 2.0″ for thousands of people, who will then create profitable businesses, as well use the technology to further the social good."

Sounds like fluff with little content, could mean anything.

The only usable info that I find on that page is:

"Counterparty provides open, secure financial tools and markets that do not require a trusted third party or middleman to use."

This is very encouraging but still a bit vague.

I will join their Forum as you suggest

Anotheranonlol

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Activity: 588

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Quote from: Giulio Prisco on September 18, 2014, 01:55:21 AM

I am trying to understand Counterparty but I guess I am too lazy and wish to save a few hours of hard intellectual work ;-) Can somebody think of a clear and concise single paragraph? What is Counterparty, why it is part of Bitcoin 2.0, what is its unique selling point, and what applications it's uniquely suitable for.

Thanks!

I think this should be clear and concise enough:

https://www.counterparty.co/about/

If you have specific questions to ask or require clarification on certain aspects of CounterParty after reading that, you are welcome to ask them here.

Giulio Prisco

full member

Activity: 173

Merit: 101

I am trying to understand Counterparty but I guess I am too lazy and wish to save a few hours of hard intellectual work ;-) Can somebody think of a clear and concise single paragraph? What is Counterparty, why it is part of Bitcoin 2.0, what is its unique selling point, and what applications it's uniquely suitable for.

Thanks!

deliciousowl

sr. member

Activity: 432

Merit: 250

Quote from: weex on September 18, 2014, 12:35:44 AM

Koinify is using Counterparty and has received a total of $1.4 million in funding thus far.

http://koinify.com/blog/koinify-raises-1m-in-latest-round-from-idg-brock-pierce-to-accelerate-decentralized-economy/

"Here at Koinify, we are the world’s first crowdfunding platform for decentralized applications"

What about SWARM, or even Counterparty itself? Grin

weex

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Activity: 1102

Merit: 1014

Koinify is using Counterparty and has received a total of $1.4 million in funding thus far.

http://koinify.com/blog/koinify-raises-1m-in-latest-round-from-idg-brock-pierce-to-accelerate-decentralized-economy/

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 201. (Read 1276789 times)