Have you guys seen Dogeparty? What do you think about it? It seems like a carbon copy of Counterparty.. Not even any pictures of doges or anything.
It's faster and cheaper than Counterparty. Looks like Counterparty will lose a lot of users.
Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 214. (Read 1276789 times)
August 14, 2014, 06:21:20 AM
It's faster and cheaper than Counterparty. Looks like Counterparty will lose a lot of users.
August 14, 2014, 06:17:55 AM
Have you guys seen Dogeparty? What do you think about it? It seems like a carbon copy of Counterparty.. Not even any pictures of doges or anything.
August 14, 2014, 05:42:05 AM
Why people still send bitcoin to the burned address? https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr
Trolls
August 14, 2014, 03:45:53 AM
Very interested seing xcp survive this current alts fall...
Yes I agree.. XCP seems to be immune from a lot of the flak the altworld is receiving in general. The price hasn't really budged in a month (despite some ups and downs) which is better than >50% of the top 20 alts can say.
August 14, 2014, 03:26:10 AM
Looking for a glitch in the matrix.
August 14, 2014, 03:22:57 AM
Why people still send bitcoin to the burned address? https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr
Hmmm. Are they running an old client? Otherwise, they are praying to the XCP gods.
August 14, 2014, 01:14:18 AM
Why people still send bitcoin to the burned address? https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr
August 14, 2014, 12:47:30 AM
Very interested seing xcp survive this current alts fall...
August 13, 2014, 08:07:18 AM
My biggest concern (what I learned today) is the "MULTISIG_DUST" amount that gets added to every transaction on the exchange. I don't understand why this is necessary in addition to the fee of 0.0002 BTC. The trades I was doing (XCP for tokens) always had a fixed fee of 0.0002 + "(2 * MULTISIG_DUST)," regardless of the size of the order.
Even though the dust is recoverable as explained below this should be an automated process. If the user has to jump through some extra hoops to recover this BTC, its more like a rebate than a refund, and if they can't do that then the trade fee is effectively .000356 BTC.
Even though the dust is recoverable as explained below this should be an automated process. If the user has to jump through some extra hoops to recover this BTC, its more like a rebate than a refund, and if they can't do that then the trade fee is effectively .000356 BTC.
Today Counterparty transactions are encoded into multisig outputs on Bitcoin mainnet. This is why you see the multisig dust beyond the mining fee itself. OP_RETURN could be an option for certain tx (e.g. simple sends), even @ 40 bytes, however, it appears certain pools (BTC Guild) don't mine OP_RETURN tx on mainnet, so you run into potential tx delays. This is why we just stick with multisig encoding here, for now at least.
We will be implementing redeeming of this dust into Counterwallet itself at some point in the next few months (see https://github.com/CounterpartyXCP/counterwallet/issues/318).
Regarding displaying this fee on the exchange page, I've added an issue to address this, https://github.com/CounterpartyXCP/counterwallet/issues/353
Thanks for your input here!
August 13, 2014, 08:06:43 AM
hi there; first post on xcp thread but i'm quite enthousiast even if late 
I'd have a questions (for devs maybe ?)
is there a way to have several people managing one xcp wallet but where none can spend without everybody authorizing the tx ? multisigs or something ?
I want to start a project using xcp with escrow; so the wallet would be managed by me + escrow where we need each other approval to make any action with the wallet. Is it possible ?
thanks a lot and gl
I'd have a questions (for devs maybe ?)
is there a way to have several people managing one xcp wallet but where none can spend without everybody authorizing the tx ? multisigs or something ?
I want to start a project using xcp with escrow; so the wallet would be managed by me + escrow where we need each other approval to make any action with the wallet. Is it possible ?
thanks a lot and gl
We're working on this... Stay tuned!
August 13, 2014, 04:23:29 AM
hi there; first post on xcp thread but i'm quite enthousiast even if late
I'd have a questions (for devs maybe ?)
is there a way to have several people managing one xcp wallet but where none can spend without everybody authorizing the tx ? multisigs or something ?
I want to start a project using xcp with escrow; so the wallet would be managed by me + escrow where we need each other approval to make any action with the wallet. Is it possible ?
thanks a lot and gl
I'd have a questions (for devs maybe ?)
is there a way to have several people managing one xcp wallet but where none can spend without everybody authorizing the tx ? multisigs or something ?
I want to start a project using xcp with escrow; so the wallet would be managed by me + escrow where we need each other approval to make any action with the wallet. Is it possible ?
thanks a lot and gl
August 13, 2014, 01:47:49 AM
There is already an online tool to recover them (I did not find the url) and doubtless, in the future, a tool like this will be integrated in Counterwallet.
And thank you too, Eric Wareheim.
I enjoy your quality television programs.
August 12, 2014, 11:27:25 PM
Thank you for the update xnova and I am looking forward to the new implementations.
Even though I am critical at times I genuinely think Counterparty is one of the more exciting cryptocurrency experiments currently taking place, and the relatively stable price of XCP reflects that I am not alone in my beliefs.
My biggest concern (what I learned today) is the "MULTISIG_DUST" amount that gets added to every transaction on the exchange. I don't understand why this is necessary in addition to the fee of 0.0002 BTC. The trades I was doing (XCP for tokens) always had a fixed fee of 0.0002 + "(2 * MULTISIG_DUST)," regardless of the size of the order.
Even though the dust is recoverable as explained below this should be an automated process. If the user has to jump through some extra hoops to recover this BTC, its more like a rebate than a refund, and if they can't do that then the trade fee is effectively .000356 BTC.
Regardless this differentiation needs to be visible to the users of the trading platform, otherwise it will remain a confusing issue.
I'm not a software engineer by trade though I am becoming one a little bit more each day.
Thanks,
Nutildah the Hungry
Even though I am critical at times I genuinely think Counterparty is one of the more exciting cryptocurrency experiments currently taking place, and the relatively stable price of XCP reflects that I am not alone in my beliefs.
My biggest concern (what I learned today) is the "MULTISIG_DUST" amount that gets added to every transaction on the exchange. I don't understand why this is necessary in addition to the fee of 0.0002 BTC. The trades I was doing (XCP for tokens) always had a fixed fee of 0.0002 + "(2 * MULTISIG_DUST)," regardless of the size of the order.
Even though the dust is recoverable as explained below this should be an automated process. If the user has to jump through some extra hoops to recover this BTC, its more like a rebate than a refund, and if they can't do that then the trade fee is effectively .000356 BTC.
Regardless this differentiation needs to be visible to the users of the trading platform, otherwise it will remain a confusing issue.
I'm not a software engineer by trade though I am becoming one a little bit more each day.
Thanks,
Nutildah the Hungry
August 12, 2014, 10:00:56 PM
I like Counterparty, I understand this is all very new, complicated and prone to bugs, but there's a lot of work that still needs to be done before any of the devs should honestly expect regular people to be able to use their software platform.
DittoI described the platform to somebody in a PM, as "... like a clever niche back-end corporate tool". Thats what it feels like to this non-codey type, and so, feels like it wasn't meant for my use.
Beyond the enhanced usability and features we're already working on (e.g. auto BTC escrow, built in vennding machine interface, general UI improvements to Counterwallet), we're all ears on other suggestions to make things more approachable for people. Rome wasn't built in a day, and we can't expect this software to be perfect in 7 months either. But, we continue to work every day to improve it and address reports of bugs and usability concerns.
Counterparty is also an open platform. Most of the really neat usecases that appeal to "normal" types of people will be done by a company building on top of Counterparty (the core team can't do everything, and indeed, our focus is on the platform itself and Counterwallet). We already are working with several of these groups as they create enhanced products and UIs. We hope to continue to attract more, as well.
On top of this, we recently released our support site (support.counterparty.co) and we also have a new website under development, which will be much less intimidating we believe.
We will also be adding a developer here shortly (i.e. starting next week most likely) to work on a new Counterparty block explorer.
August 12, 2014, 06:22:10 PM
.000356 = .0002 + (2 * .000078) = FEE + (2 * MULTISIG_DUST)
the 2 dust values for multisig output can not be called "fee" and may be recovered. There is already an online tool to recover them (I did not find the url) and doubtless, in the future, a tool like this will be integrated in Counterwallet.
Is this "multisig dust" component absolutely necessary?
I appreciate the explanation but if this information isn't transparent to average users they are going to think Counterparty is trying to rip them off.
Maybe you know better because you are very experienced with this software, but if your goal is mass adoption the process has to be more straightforward and less complicated with fewer extraneous variables.
August 12, 2014, 05:54:24 PM
The fees are set by the Bitcoin network. If you want to pay a lower fee, and if you are willing to possibly wait a couple of blocks for your transactions to get confirmed, then you can do so with various command-line options in counterpartyd. The default fee has to be very generous, in any case, because it has to cover all possible use cases. Moreover, as soon as the majority of Bitoicn nodes switch over to Bitcoin Core 0.9.2, we'll be able to lower the default value by 10x.
OK, I understand, but you need to update the fee that is listed on the trading screen from 0.0002 BTC to what it actually is, otherwise you're going to have people saying Counterparty is involved in "false advertising."
If I have to place orders in counterpartyd that negates the entire utility of Counterwallet.
.000356 = .0002 + (2 * .000078) = FEE + (2 * MULTISIG_DUST)
the 2 dust values for multisig output can not be called "fee" and may be recovered. There is already an online tool to recover them (I did not find the url) and doubtless, in the future, a tool like this will be integrated in Counterwallet.
On a somewhat-related note, it appears that Counterparty/wallet does not use change addresses by default. While I think this is a good decision (people are easily confused by change addresses, and it seems likely that heavy Counterparty users would want to consolidate their activity at a single address for accounting purposes) it would be nice to have the option to send change to a change address.
August 12, 2014, 05:39:56 PM
The fees are set by the Bitcoin network. If you want to pay a lower fee, and if you are willing to possibly wait a couple of blocks for your transactions to get confirmed, then you can do so with various command-line options in counterpartyd. The default fee has to be very generous, in any case, because it has to cover all possible use cases. Moreover, as soon as the majority of Bitoicn nodes switch over to Bitcoin Core 0.9.2, we'll be able to lower the default value by 10x.
OK, I understand, but you need to update the fee that is listed on the trading screen from 0.0002 BTC to what it actually is, otherwise you're going to have people saying Counterparty is involved in "false advertising."
If I have to place orders in counterpartyd that negates the entire utility of Counterwallet.
.000356 = .0002 + (2 * .000078) = FEE + (2 * MULTISIG_DUST)
the 2 dust values for multisig output can not be called "fee" and may be recovered. There is already an online tool to recover them (I did not find the url) and doubtless, in the future, a tool like this will be integrated in Counterwallet.
August 12, 2014, 05:31:10 PM
The fees are set by the Bitcoin network. If you want to pay a lower fee, and if you are willing to possibly wait a couple of blocks for your transactions to get confirmed, then you can do so with various command-line options in counterpartyd. The default fee has to be very generous, in any case, because it has to cover all possible use cases. Moreover, as soon as the majority of Bitoicn nodes switch over to Bitcoin Core 0.9.2, we'll be able to lower the default value by 10x.
OK, I understand, but you need to update the fee that is listed on the trading screen from 0.0002 BTC to what it actually is, otherwise you're going to have people saying Counterparty is involved in "false advertising."
If I have to place orders in counterpartyd that negates the entire utility of Counterwallet.
The fees are proportional to the size of the transactions in bytes, which depends on a lot of different variables and is hard to predict. It sounds like Counterwallet needs to improve its estimation techniques, however. Thanks for the heads up!
August 12, 2014, 04:39:00 PM
The fees are set by the Bitcoin network. If you want to pay a lower fee, and if you are willing to possibly wait a couple of blocks for your transactions to get confirmed, then you can do so with various command-line options in counterpartyd. The default fee has to be very generous, in any case, because it has to cover all possible use cases. Moreover, as soon as the majority of Bitoicn nodes switch over to Bitcoin Core 0.9.2, we'll be able to lower the default value by 10x.
OK, I understand, but you need to update the fee that is listed on the trading screen from 0.0002 BTC to what it actually is, otherwise you're going to have people saying Counterparty is involved in "false advertising."
If I have to place orders in counterpartyd that negates the entire utility of Counterwallet.
August 12, 2014, 04:34:23 PM
I like Counterparty, I understand this is all very new, complicated and prone to bugs, but there's a lot of work that still needs to be done before any of the devs should honestly expect regular people to be able to use their software platform.
DittoI described the platform to somebody in a PM, as "... like a clever niche back-end corporate tool". Thats what it feels like to this non-codey type, and so, feels like it wasn't meant for my use.
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