Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 202. (Read 1276789 times)

Best bet is to rerun the build system,  it will install flask as part of the setup (which is a newer dependency...)

Or you could manually install via pip.exe

how to install flask?

Don't forget that no serious assets would go for alts for the same reason that people not like LTC.

Many bitcoiners don't even like to approve Counterparty only because we introduced a new currency, XCP.

But it's sure be a lot easier for people to swallow than having some new currencies running ontop of other new currencies.

Cloning coin, or making one from stratch is moot and not create value.

The main strength/differentiator of Counterparty is being able to use Bitcoin natively.  Someone can obtain Bitcoin, and then without having to use any kind of centralized exchange, start trading in Counterparty assets.  Of course, being on the Bitcoin blockchain is also a weakness, mostly for slowness reasons.  However, I believe that the strength outweighs the weakness.  There is a place for Counterparty-on-Bitcoin; it is a viable niche.  (That being said, of course I don't have all my eggs in the Counterparty basket...) 

If you want close-to-real-time trading, you will have to find something that is not on a Bitcoin-derived blockchain, because short block times equate to forking problems.  You need a from-scratch, purpose-written protocol such as NXT, Ethereum or BitShares in order to reliably achieve sub-minute trades.  Of course, all of these have their own issues; the largest being, they are all new/unproven compared to Bitcoin, and could have undiscovered flaws which result in them being hacked and people losing their money.  Also, many people have issues with the "fairness" (or lack thereof) of the token distribution.

yea but stuff like monero and bitshares are way faster, even doge is pretty fast

10 minutes with the occasional 30  minute wait is just too much for instageneration

that said ethereum and maidsafe should be very fast a well

regarding security.  if doge has 10 blocks in the time btc has 1 block, which tx is more secure?

Much business is done "Net 30"
Modern banking takes days to months.
10ish minutes is not so cumbersome as the alternatives.

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)?

I don't know of any existing market in the history of the modern world where the average "tick time" is some random duration of approximately 10 minutes, or occasionally very much longer.

It has yet to be seen whether a functioning live market can develop under these conditions.

I'm all for Counterparty and decentralized markets in general, and agree with the current chain size and security advantages, but have my doubts about this.  I've also been playing with VIA/XCH for this reason, but it also suffers from this same speed issue, only to a lesser degree.

 

I think there is need as Bitcoin is too slow. In addition it is dependent and centralized by the cartel. Moving to a DPOS or TF chain will mean fast transactions.

It is a good thing that Assets and Coins are differenciated. There could be more Assets than coins in the future.

And Counterparty is on both pages anyway.

And 80% of the people watching coinmarketcap won't even notice them since they show the currencies page by default.

Swarm and Foldingcoin entered Coinmarketcap.com (Assets Tab)

Overstock is hiring for six total positions for their new stealth project: https://www.reddit.com/r/Bitcoin/comments/2ghale/overstocks_looking_to_recruit_more_members_for/

Thanks ! Even if it may be not correlated, you took time to explain and discuss with Eligius pool.

Well, at least there's this....


At the risk of sounding self-aggrandizing, this might be due to a long conversation between myself and Luke-Jr in the Eligius thread a week or two ago, on the topic of (mostly) Counterparty, in which I mentioned that not mining Counterparty txs was leaving money on the table.  I recommend that you read it, Luke-Jr is really not as closed-minded as he may have appeared back in March/April (?).  And this IRC meeting of Eligius miners is proof of it.

Hello XCP community,

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Giving the fact that Overstock has publicly claimed it want to issue stock on bitcoin and counterparty, why would bitcoiners still debate whether finance on bitcoin is useful ? A Nasdaq Company, which played a great role in bitcoin success, is saying it is the future of finance of bitcoin and someone stands against that ?
It is becoming all emotionnal or egoist if so.

Luke filters out XCP,  MSC, etc. transactions and I don't think he's gonna change his mind soon. The only thing is that Eligius pool share is shrinking (from more than 10% to 5% in 12 months) and his opinion & influence will soon be insignificant

That's why he has "Jr." in his name