Author

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 218. (Read 1276789 times)

sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
Can someone help me out? I am getting really frustrated with CP and it seems it's impossible to get any support via email or in the chatroom

[.....]

So now instead of getting the 0.01 BTC from my wallet, exactly 0.01 BTC worth of SWARMPRE have been sold and that is the balance of my CP BTC wallet (the transaction I sent however seems to have evaporated into thin air)

Whenever you do ANYTHING on CP, you pay a transaction fee that is non-refundable, you can think about the fee like the stamp that lets your XCP order ride in its bitcoin envelope on the bitcoin blockchain.  So the inability to cancel your order is because you lack the money for the stamp with which to submit your order to the blockchain.  

This means it is fairlye xpensive to do anything because the dust limit and miner fee puts the minimum size at fairly high.  This is why other chains are being developed, for lower cost easier trading.

Is there a a fee table or something?

And are there transactions/processes that cost nothing?

In other words: What costs how much? Is there a summary of this anywhere?

Most transactions are about US $0.06. If you're selling BTC on the DEx, you pay about 1% of the amount as anti-spam fees to Bitcoin miners (not us!).
Ok. Great. The 0,06 USD for most tx are paid in XCP  I guess?
And is it always the cost in XCP (0,06) + tx fees to bitcoin miners?
Does anything on the DEX cost? I mean if I am selling BTC then often for an asset...

No, the six US cents are in Bitcoin tx fees. There aren't any XCP fees at all, except 0.5 XCP for every initial asset creation.

Can you explain how the transaction fee is different from the "anti-spam fee"?  Was this an agreement reached between Counterparty and Bitcoin mining pools/devs, or ...?

The transaction fees are set by Bitcoin miners and are independent of Counterparty. The 0.5 XCP anti-spam measure we set up, and the miners have nothing to do with.

Well AFAIK the mining fee in the reference Bitcoin client is set corresponding to the size of the transaction in kb and coin-age, not transaction amount, and should be the same whether the transaction sends .001 BTC or 100 BTC.  So how/why is the fee about 1% of the transaction for some transactions, and not just $0.06 for every transaction?

It's part of the Counterparty protocol to prevent troll orders on the XXX/BTC DEx. It's only for orders involving BTC.
hero member
Activity: 700
Merit: 500
Can someone help me out? I am getting really frustrated with CP and it seems it's impossible to get any support via email or in the chatroom

[.....]

So now instead of getting the 0.01 BTC from my wallet, exactly 0.01 BTC worth of SWARMPRE have been sold and that is the balance of my CP BTC wallet (the transaction I sent however seems to have evaporated into thin air)

Whenever you do ANYTHING on CP, you pay a transaction fee that is non-refundable, you can think about the fee like the stamp that lets your XCP order ride in its bitcoin envelope on the bitcoin blockchain.  So the inability to cancel your order is because you lack the money for the stamp with which to submit your order to the blockchain.  

This means it is fairlye xpensive to do anything because the dust limit and miner fee puts the minimum size at fairly high.  This is why other chains are being developed, for lower cost easier trading.

Is there a a fee table or something?

And are there transactions/processes that cost nothing?

In other words: What costs how much? Is there a summary of this anywhere?

Most transactions are about US $0.06. If you're selling BTC on the DEx, you pay about 1% of the amount as anti-spam fees to Bitcoin miners (not us!).
Ok. Great. The 0,06 USD for most tx are paid in XCP  I guess?
And is it always the cost in XCP (0,06) + tx fees to bitcoin miners?
Does anything on the DEX cost? I mean if I am selling BTC then often for an asset...

No, the six US cents are in Bitcoin tx fees. There aren't any XCP fees at all, except 0.5 XCP for every initial asset creation.

Can you explain how the transaction fee is different from the "anti-spam fee"?  Was this an agreement reached between Counterparty and Bitcoin mining pools/devs, or ...?

The transaction fees are set by Bitcoin miners and are independent of Counterparty. The 0.5 XCP anti-spam measure we set up, and the miners have nothing to do with.

Well AFAIK the mining fee in the reference Bitcoin client is set corresponding to the size of the transaction in kb and coin-age, not transaction amount, and should be the same whether the transaction sends .001 BTC or 100 BTC.  So how/why is the fee about 1% of the transaction for some transactions, and not just $0.06 for every transaction?
hero member
Activity: 695
Merit: 500
People are selling their SWARMVOTETWO tokens on the exchange!

That's hilarious. And kind of genius. Especially if you're the guy who sold 10 at 1 XCP a piece.

SWARM is currently holding their second token-based vote, which is a novel way to involve "shareholders" in the voting process.

Everyone was issued 1 vote token for each SWARMPRE they held and instructed to send their tokens to the particular address assigned to the decision they wanted to vote in favor of.

It was fun, but I didn't think to try selling them on the exchange.


  This is really funny coming from a TROLL   

I guess you don't mind it if I post the private messages you've been sending me then and then all can see what a troll you are.

Wow, you went right off the deep end. Pretty original stuff, your comments (that you posted in 12 different threads I commented on -- who is the troll again?):

I guess you don't mind it if I post the private messages you've been sending me then.

You physically threatened me over a coin that didn't even budge in price, despite your assertions that I was "costing you money." Anything someone says after you threaten them, you had it coming. These people don't care about our squabble btw.

People just have to read your post history, btw trolling a troll.  Wink
legendary
Activity: 3010
Merit: 8114
People are selling their SWARMVOTETWO tokens on the exchange!

That's hilarious. And kind of genius. Especially if you're the guy who sold 10 at 1 XCP a piece.

SWARM is currently holding their second token-based vote, which is a novel way to involve "shareholders" in the voting process.

Everyone was issued 1 vote token for each SWARMPRE they held and instructed to send their tokens to the particular address assigned to the decision they wanted to vote in favor of.

It was fun, but I didn't think to try selling them on the exchange.


  This is really funny coming from a TROLL   

I guess you don't mind it if I post the private messages you've been sending me then and then all can see what a troll you are.

Wow, you went right off the deep end. Pretty original stuff, your comments (that you posted in 12 different threads I commented on -- who is the troll again?):

I guess you don't mind it if I post the private messages you've been sending me then.

You physically threatened me over a coin that didn't even budge in price, despite your assertions that I was "costing you money." Anything someone says after you threaten them, you had it coming. These people don't care about our squabble btw.
hero member
Activity: 695
Merit: 500
People are selling their SWARMVOTETWO tokens on the exchange!

That's hilarious. And kind of genius. Especially if you're the guy who sold 10 at 1 XCP a piece.

SWARM is currently holding their second token-based vote, which is a novel way to involve "shareholders" in the voting process.

Everyone was issued 1 vote token for each SWARMPRE they held and instructed to send their tokens to the particular address assigned to the decision they wanted to vote in favor of.

It was fun, but I didn't think to try selling them on the exchange.


  This is really funny coming from a TROLL   

I guess you don't mind it if I post the private messages you've been sending me then and then all can see what a troll you are.
hero member
Activity: 672
Merit: 500
People are selling their SWARMVOTETWO tokens on the exchange!

That's hilarious. And kind of genius. Especially if you're the guy who sold 10 at 1 XCP a piece.

SWARM is currently holding their second token-based vote, which is a novel way to involve "shareholders" in the voting process.

Everyone was issued 1 vote token for each SWARMPRE they held and instructed to send their tokens to the particular address assigned to the decision they wanted to vote in favor of.

It was fun, but I didn't think to try selling them on the exchange.

The guy that sold 10 SWARMVOTETWO for 10 XCP probably sold them to himself

That would be fun if someone would actually buy SWARMVOTETWO for XCP
legendary
Activity: 3010
Merit: 8114
People are selling their SWARMVOTETWO tokens on the exchange!

That's hilarious. And kind of genius. Especially if you're the guy who sold 10 at 1 XCP a piece.

SWARM is currently holding their second token-based vote, which is a novel way to involve "shareholders" in the voting process.

Everyone was issued 1 vote token for each SWARMPRE they held and instructed to send their tokens to the particular address assigned to the decision they wanted to vote in favor of.

It was fun, but I didn't think to try selling them on the exchange.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
Is someone from this group taking the lead on working with Overstock?
They are looking to start a DEX and needing the howto.
It looks like it could be a good project for some of the folks here.

We're about 3 months ahead of you here. Wink
I know XCP's DEX is the best and only one that is really working.  They are just looking to implement.
Are you the lead on this Overstock/XCP effort?
Or should this be taken to mean that no one need do anything since it has been done already 3 months ago.
sr. member
Activity: 390
Merit: 254
Counterparty Developer
Does the following mean that the money needed for a bet would have to be put into escrow before the bet and that that money would be xcp and that the payout would also be in xcp?  
Quote
You can use only XCP for making bets
(https://www.counterparty.co/resources/faqs/aside-from-speculative-investment-why-will-there-be-demand-for-xcp/)


Yes
sr. member
Activity: 390
Merit: 254
Counterparty Developer
Is someone from this group taking the lead on working with Overstock?
They are looking to start a DEX and needing the howto.
It looks like it could be a good project for some of the folks here.

We're about 3 months ahead of you here. Wink
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
Announcement: mandatory upgrade to counterpartyd v9.35.0 with block 313900 (two days from now). Minor tweaks to BTC order matching and BTCpay logic.

EDIT: make that v9.36.0

I just made some more optimizations for BTC orders and order matches. Now we're at v9.37.0.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
Is someone from this group taking the lead on working with Overstock?
They are looking to start a DEX and needing the howto.
It looks like it could be a good project for some of the folks here.

I know this is a couple news cycles behind, but curious.
https://o.info/index.php/Talk:How_to_issue_a_cryptosecurity
sr. member
Activity: 441
Merit: 250
Does the following mean that the money needed for a bet would have to be put into escrow before the bet and that that money would be xcp and that the payout would also be in xcp?  
Quote
You can use only XCP for making bets
(https://www.counterparty.co/resources/faqs/aside-from-speculative-investment-why-will-there-be-demand-for-xcp/)
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
Announcement: mandatory upgrade to counterpartyd v9.35.0 with block 313900 (two days from now). Minor tweaks to BTC order matching and BTCpay logic.

EDIT: make that v9.36.0
hero member
Activity: 689
Merit: 507
member
Activity: 84
Merit: 10
I smoke one in the morning, I smoke one in the nit
Have to say I am liking the changes, keep up the good work fellas.
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
Can someone help me out? I am getting really frustrated with CP and it seems it's impossible to get any support via email or in the chatroom

[.....]

So now instead of getting the 0.01 BTC from my wallet, exactly 0.01 BTC worth of SWARMPRE have been sold and that is the balance of my CP BTC wallet (the transaction I sent however seems to have evaporated into thin air)

Whenever you do ANYTHING on CP, you pay a transaction fee that is non-refundable, you can think about the fee like the stamp that lets your XCP order ride in its bitcoin envelope on the bitcoin blockchain.  So the inability to cancel your order is because you lack the money for the stamp with which to submit your order to the blockchain.  

This means it is fairlye xpensive to do anything because the dust limit and miner fee puts the minimum size at fairly high.  This is why other chains are being developed, for lower cost easier trading.

Is there a a fee table or something?

And are there transactions/processes that cost nothing?

In other words: What costs how much? Is there a summary of this anywhere?

Most transactions are about US $0.06. If you're selling BTC on the DEx, you pay about 1% of the amount as anti-spam fees to Bitcoin miners (not us!).
Ok. Great. The 0,06 USD for most tx are paid in XCP  I guess?
And is it always the cost in XCP (0,06) + tx fees to bitcoin miners?
Does anything on the DEX cost? I mean if I am selling BTC then often for an asset...

No, the six US cents are in Bitcoin tx fees. There aren't any XCP fees at all, except 0.5 XCP for every initial asset creation.

Can you explain how the transaction fee is different from the "anti-spam fee"?  Was this an agreement reached between Counterparty and Bitcoin mining pools/devs, or ...?

The transaction fees are set by Bitcoin miners and are independent of Counterparty. The 0.5 XCP anti-spam measure we set up, and the miners have nothing to do with.
hero member
Activity: 700
Merit: 500
Can someone help me out? I am getting really frustrated with CP and it seems it's impossible to get any support via email or in the chatroom

[.....]

So now instead of getting the 0.01 BTC from my wallet, exactly 0.01 BTC worth of SWARMPRE have been sold and that is the balance of my CP BTC wallet (the transaction I sent however seems to have evaporated into thin air)

Whenever you do ANYTHING on CP, you pay a transaction fee that is non-refundable, you can think about the fee like the stamp that lets your XCP order ride in its bitcoin envelope on the bitcoin blockchain.  So the inability to cancel your order is because you lack the money for the stamp with which to submit your order to the blockchain.  

This means it is fairlye xpensive to do anything because the dust limit and miner fee puts the minimum size at fairly high.  This is why other chains are being developed, for lower cost easier trading.

Is there a a fee table or something?

And are there transactions/processes that cost nothing?

In other words: What costs how much? Is there a summary of this anywhere?

Most transactions are about US $0.06. If you're selling BTC on the DEx, you pay about 1% of the amount as anti-spam fees to Bitcoin miners (not us!).
Ok. Great. The 0,06 USD for most tx are paid in XCP  I guess?
And is it always the cost in XCP (0,06) + tx fees to bitcoin miners?
Does anything on the DEX cost? I mean if I am selling BTC then often for an asset...

No, the six US cents are in Bitcoin tx fees. There aren't any XCP fees at all, except 0.5 XCP for every initial asset creation.

Can you explain how the transaction fee is different from the "anti-spam fee"?  Was this an agreement reached between Counterparty and Bitcoin mining pools/devs, or ...?
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
Can someone help me out? I am getting really frustrated with CP and it seems it's impossible to get any support via email or in the chatroom

[.....]

So now instead of getting the 0.01 BTC from my wallet, exactly 0.01 BTC worth of SWARMPRE have been sold and that is the balance of my CP BTC wallet (the transaction I sent however seems to have evaporated into thin air)

Whenever you do ANYTHING on CP, you pay a transaction fee that is non-refundable, you can think about the fee like the stamp that lets your XCP order ride in its bitcoin envelope on the bitcoin blockchain.  So the inability to cancel your order is because you lack the money for the stamp with which to submit your order to the blockchain.  

This means it is fairlye xpensive to do anything because the dust limit and miner fee puts the minimum size at fairly high.  This is why other chains are being developed, for lower cost easier trading.

Is there a a fee table or something?

And are there transactions/processes that cost nothing?

In other words: What costs how much? Is there a summary of this anywhere?

Most transactions are about US $0.06. If you're selling BTC on the DEx, you pay about 1% of the amount as anti-spam fees to Bitcoin miners (not us!).
Ok. Great. The 0,06 USD for most tx are paid in XCP  I guess?
And is it always the cost in XCP (0,06) + tx fees to bitcoin miners?
Does anything on the DEX cost? I mean if I am selling BTC then often for an asset...

No, the six US cents are in Bitcoin tx fees. There aren't any XCP fees at all, except 0.5 XCP for every initial asset creation.
sr. member
Activity: 441
Merit: 250
Can someone help me out? I am getting really frustrated with CP and it seems it's impossible to get any support via email or in the chatroom

[.....]

So now instead of getting the 0.01 BTC from my wallet, exactly 0.01 BTC worth of SWARMPRE have been sold and that is the balance of my CP BTC wallet (the transaction I sent however seems to have evaporated into thin air)

Whenever you do ANYTHING on CP, you pay a transaction fee that is non-refundable, you can think about the fee like the stamp that lets your XCP order ride in its bitcoin envelope on the bitcoin blockchain.  So the inability to cancel your order is because you lack the money for the stamp with which to submit your order to the blockchain.  

This means it is fairlye xpensive to do anything because the dust limit and miner fee puts the minimum size at fairly high.  This is why other chains are being developed, for lower cost easier trading.

Is there a a fee table or something?

And are there transactions/processes that cost nothing?

In other words: What costs how much? Is there a summary of this anywhere?

Most transactions are about US $0.06. If you're selling BTC on the DEx, you pay about 1% of the amount as anti-spam fees to Bitcoin miners (not us!).
Ok. Great. The 0,06 USD for most tx are paid in XCP  I guess?
And is it always the cost in XCP (0,06) + tx fees to bitcoin miners?
Does anything on the DEX cost? I mean if I am selling BTC then often for an asset...
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