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Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 216. (Read 1276789 times)

hero member
Activity: 647
Merit: 510
Counterpartying
legendary
Activity: 3010
Merit: 8114
Hi Devs and Community,

Good job with the new Counterwallet fixes! I like the addition of "Escr:" next to balances in orders. It also seems like trades are happening more smoothly.

The time seems right so I just wanted to pre-emptively let you guys know that I am about to flood the exchange with 32 different assets, all of which correspond to different NFL football teams' odds of winning the Super Bowl.

Its kind of a complicated "game" but if you're interested in knowing more about what these tokens are, please visit the BitBowl blog page. Thanks and just so you know I will not be using this thread for advertisement purposes in the future.
sr. member
Activity: 686
Merit: 320
I try log in with crhome and get message, last days my counterwallet have been logged in and now i try log out and in when get this. Only warning what no need care i dont have try my acc with any other device or browser?
"Confirm connection You appear to be logged into Counterwallet elsewhere. It's not safe to be logged into the same wallet account from multiple devices at the same time. If you are sure that this is not the case, press Continue. Otherwise, please press Cancel, logout from your other device, and try again."


Try clearing your cache/cookies. I had that once as well. Now I run it in an incognito window and haven't seen that happen again.
full member
Activity: 134
Merit: 100
I try log in with crhome and get message, last days my counterwallet have been logged in and now i try log out and in when get this. Only warning what no need care i dont have try my acc with any other device or browser?
"Confirm connection You appear to be logged into Counterwallet elsewhere. It's not safe to be logged into the same wallet account from multiple devices at the same time. If you are sure that this is not the case, press Continue. Otherwise, please press Cancel, logout from your other device, and try again."
legendary
Activity: 861
Merit: 1010
I am probably asking a stupid question here, but is there a way to make the matching happens on a central server outside the protocol and still use Counterparty to make the settlement?

It's definitely possible, but not currently supported. Such a system also wouldn't have many advantages over the current one.
Wouldn't it allow to make trading easier and also scale better?

I see how counterparty could disrupt the custodian and clearing houses business but I really don't see how it can compete with centralized exchanges.

It could, yes. The order matching would be faster. The settlement would still take the same amount of time.
The settlement time is not a problem. In traditionnal financial markets, the settlement take up to 3 days after the trade, and involve a lot of different actors which takes their fees. An automatic settlement in 10 minutes is a massive progress.

But pairing the trade and the settlement makes the trading painful. I don't think this model is viable in the long term. (If historically they have been unpaired it's for a good reason.)

How do you mean it makes it painful? Are you talking about the lag when trading with BTC? Otherwise I think 10 minutes or whatever the block happens to be is not too long a period to wait. Or am I misunderstanding what you mean?
10 minutes are still long enough to deter some trades from happening and therefore to undermine liquidity. But I guess there is no workaround.

http://support.counterparty.co/support/solutions/articles/5000003456-how-would-counterparty-support-faster-trading-than-bitcoin

But yes, it is possible to support such fast trades, but it would require centralization (or at least some form of it) for trading, and then settlement to the blockchain, as Adam noted.
Take Bitcoin, despite all the decentralization spirit and purpose, if it weren't for centralized services, it would probably be nowhere today.

I hope some exchange will think about Counterparty assets and give them a try. Then the market could decide what's the most useful way to use that technology.
sr. member
Activity: 390
Merit: 254
Counterparty Developer
I am probably asking a stupid question here, but is there a way to make the matching happens on a central server outside the protocol and still use Counterparty to make the settlement?

It's definitely possible, but not currently supported. Such a system also wouldn't have many advantages over the current one.
Wouldn't it allow to make trading easier and also scale better?

I see how counterparty could disrupt the custodian and clearing houses business but I really don't see how it can compete with centralized exchanges.

It could, yes. The order matching would be faster. The settlement would still take the same amount of time.
The settlement time is not a problem. In traditionnal financial markets, the settlement take up to 3 days after the trade, and involve a lot of different actors which takes their fees. An automatic settlement in 10 minutes is a massive progress.

But pairing the trade and the settlement makes the trading painful. I don't think this model is viable in the long term. (If historically they have been unpaired it's for a good reason.)

How do you mean it makes it painful? Are you talking about the lag when trading with BTC? Otherwise I think 10 minutes or whatever the block happens to be is not too long a period to wait. Or am I misunderstanding what you mean?
10 minutes are still long enough to deter some trades from happening and therefore to undermine liquidity. But I guess there is no workaround.

http://support.counterparty.co/support/solutions/articles/5000003456-how-would-counterparty-support-faster-trading-than-bitcoin

But yes, it is possible to support such fast trades, but it would require centralization (or at least some form of it) for trading, and then settlement to the blockchain, as Adam noted.
legendary
Activity: 861
Merit: 1010
I am probably asking a stupid question here, but is there a way to make the matching happens on a central server outside the protocol and still use Counterparty to make the settlement?

It's definitely possible, but not currently supported. Such a system also wouldn't have many advantages over the current one.
Wouldn't it allow to make trading easier and also scale better?

I see how counterparty could disrupt the custodian and clearing houses business but I really don't see how it can compete with centralized exchanges.

It could, yes. The order matching would be faster. The settlement would still take the same amount of time.
The settlement time is not a problem. In traditionnal financial markets, the settlement take up to 3 days after the trade, and involve a lot of different actors which takes their fees. An automatic settlement in 10 minutes is a massive progress.

But pairing the trade and the settlement makes the trading painful. I don't think this model is viable in the long term. (If historically they have been unpaired it's for a good reason.)

How do you mean it makes it painful? Are you talking about the lag when trading with BTC? Otherwise I think 10 minutes or whatever the block happens to be is not too long a period to wait. Or am I misunderstanding what you mean?
10 minutes are still long enough to deter some trades from happening and therefore to undermine liquidity. But I guess there is no workaround.
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
I am probably asking a stupid question here, but is there a way to make the matching happens on a central server outside the protocol and still use Counterparty to make the settlement?

It's definitely possible, but not currently supported. Such a system also wouldn't have many advantages over the current one.
Wouldn't it allow to make trading easier and also scale better?

I see how counterparty could disrupt the custodian and clearing houses business but I really don't see how it can compete with centralized exchanges.

It could, yes. The order matching would be faster. The settlement would still take the same amount of time.
The settlement time is not a problem. In traditionnal financial markets, the settlement take up to 3 days after the trade, and involve a lot of different actors which takes their fees. An automatic settlement in 10 minutes is a massive progress.

But pairing the trade and the settlement makes the trading painful. I don't think this model is viable in the long term. (If historically they have been unpaired it's for a good reason.)

Yes, but in traditional financial markets, you're legally obligated to settle. Here, you don't have to settle if you don't want to, if the funds in question are not already held in escrow. For a middleman-less escrow system, the matching has to be done in the same layer.
legendary
Activity: 861
Merit: 1010
I am probably asking a stupid question here, but is there a way to make the matching happens on a central server outside the protocol and still use Counterparty to make the settlement?

It's definitely possible, but not currently supported. Such a system also wouldn't have many advantages over the current one.
Wouldn't it allow to make trading easier and also scale better?

I see how counterparty could disrupt the custodian and clearing houses business but I really don't see how it can compete with centralized exchanges.

It could, yes. The order matching would be faster. The settlement would still take the same amount of time.
The settlement time is not a problem. In traditionnal financial markets, the settlement take up to 3 days after the trade, and involve a lot of different actors which takes their fees. An automatic settlement in 10 minutes is a massive progress.

But pairing the trade and the settlement makes the trading painful. I don't think this model is viable in the long term. (If historically they have been unpaired it's for a good reason.)
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
I am probably asking a stupid question here, but is there a way to make the matching happens on a central server outside the protocol and still use Counterparty to make the settlement?

It's definitely possible, but not currently supported. Such a system also wouldn't have many advantages over the current one.
Wouldn't it allow to make trading easier and also scale better?

I see how counterparty could disrupt the custodian and clearing houses business but I really don't see how it can compete with centralized exchanges.

It could, yes. The order matching would be faster. The settlement would still take the same amount of time.
legendary
Activity: 861
Merit: 1010
I am probably asking a stupid question here, but is there a way to make the matching happens on a central server outside the protocol and still use Counterparty to make the settlement?

It's definitely possible, but not currently supported. Such a system also wouldn't have many advantages over the current one.
Wouldn't it allow to make trading easier and also scale better?

I see how counterparty could disrupt the custodian and clearing houses business but I really don't see how it can compete with centralized exchanges.
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
I am probably asking a stupid question here, but is there a way to make the matching happens on a central server outside the protocol and still use Counterparty to make the settlement?

It's definitely possible, but not currently supported. Such a system also wouldn't have many advantages over the current one.
legendary
Activity: 861
Merit: 1010
I am probably asking a stupid question here, but is there a way to make the matching happens on a central server outside the protocol and still use Counterparty to make the settlement?
sr. member
Activity: 432
Merit: 250
Finally, a German news article about peer-to-peer finance (mentions Counterparty):

"Bitcoin: US-Onlinehändler Overstock erwägt Kryptoaktien"
http://www.heise.de/newsticker/meldung/Bitcoin-US-Onlinehaendler-Overstock-erwaegt-Kryptoaktien-2282433.html

Translation: "US Online Retailer Overstock considers Cryptoequity (Cryptostock)"
sr. member
Activity: 335
Merit: 255
Counterparty Developer
Thank to report Misha. I just push a fix in Github. Will be online asap.

Hi JahPowerBit, in Counterwallet balances don't seem to get updated properly:

https://forums.counterparty.co/index.php/topic,188.msg3004/topicseen.html#msg3004

Hi led_lcd,
Robby and I work on the problem. Counterblockd freezes sometime without obvious reasons.  It works after a restart. I just keep searching right now where the problem comes, and keep you informed.
newbie
Activity: 11
Merit: 0
The orignial address I sent the the coins to is not shown in my account, a different address is showing.

Look up what "deterministic wallet" means.
You used a wrong pass phrase.
sr. member
Activity: 262
Merit: 250
Thank to report Misha. I just push a fix in Github. Will be online asap.

Hi JahPowerBit, in Counterwallet balances don't seem to get updated properly:

https://forums.counterparty.co/index.php/topic,188.msg3004/topicseen.html#msg3004
sr. member
Activity: 335
Merit: 255
Counterparty Developer
Really ?


Thank to report Misha. I just push a fix in Github. Will be online asap.
legendary
Activity: 2898
Merit: 1017
full member
Activity: 134
Merit: 100
For me chrome show right.
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