Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 219. (Read 1276789 times)

“Overstock will be the first company ever to issue shares on a peer-to-peer market.” - so it will be fully legal shares in the conventional sense, otherwise they wouldn't be the first. Nice!

Adam (PhantomPhreak) interviewed for Upstart Business Journal, regarding Counterparty and cryptosecurities: http://upstart.bizjournals.com/entrepreneurs/hot-shots/2014/08/01/the-man-who-would-undo-wall-street-by-offering.html.

Sorry guys it was a mnemonics problem, now sorted!

The orignial address I sent the the coins to is not shown in my account, a different address is showing.

Is something going on, Im not a troll before anyone asks, but I bought a small amount of XCP and no I have logged in and its not there? Anyone experiencing problems?

Absolutely, and sorry we didn't get you a comprehensive answer earlier. We're pretty confidence that this new auto BTC escrow system should make the use of the BTC markets much easier for everyone. It will be part of the full 1.5.0 release.

Thanks,

the reason I tried to sell my assets in BTC vs XCP is there was absolutely no liquidity in the SWARMPRE/XCP market. If the BTC market is still in such an alpha stage, it should be made clear to the users before they place any orders and have to go through this learning curve.

Anyway, I look forward to seeng the improvements you mention

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!).

thehun, apologies for your difficulties here. The problem here it seems is that you are making a trade and the people who the trade matches with are not logged in, so they cannot do the BTCpay, thus the order is never fully filled.

I have stated twice on this thread in the last few days that we're working on an automated BTC escrow feature that will address this issue. We designed it last night and I am actually working on that over the next few days. Until that happens, if possible (beyond what you have made already), don't frustrate yourself with orders on the Dex for BTC. The failure rate is too high right now, due to people not staying logged in with their counterwallet.

It should only take a couple of days to code this up, and then a few more days for testing. However, if it takes longer, we will probably just disable BTC-based trades in counterwallet temporarily to save people from the hassle you are going through.

Also, Adam is working on a protocol-level enhancement that will auto cancel someone's order who does not make their BTCpays. This should further help liquidity in BTC markets. More info on that is at: https://github.com/CounterpartyXCP/counterpartyd/issues/223 (he has a branch with the proposed changes at https://github.com/CounterpartyXCP/counterpartyd/tree/penalize and they're ready to go in after peer review and more testing).

ALSO, we are talking through an enhancement/alternative to the current BTC anti-trolling fee system for BTC-based orders that would use XCP as collateral instead. This would make it so that people wouldn't have to give away BTC in fees on these kinds of orders, if they held XCP. More info here: https://github.com/CounterpartyXCP/counterpartyd/issues/224

And FYI, due to user response, we recently just redid the trading interface (and people seem to like the new one much better). After the bug fixes we just released, coming up with a better solution for this BTC problem was next on our list, and we're doing that now. We have also added a "Quick Buy" interface that will work with vennding machines, which will be activated in Counterwallet in the next week or two. This is all part of the focus to ease these issues folks like you are getting with the order process where BTC is involved (if BTC is NOT involved, things work great, even now).

You probably referred to my faucet at http://xcp.bfolder.com/ , right?

Yes, you can use the BTC address you have on your forum profile, but you need to be able to sign a message with it.
Put your user_id, and the signed message on the faucet web, and it will crosscheck with the BTC address on you forum profile.

Once you get the giveaway XCP, you may import it to the counterwallet later if you like.

(Reason for signing is to prevent people from using btc addresses from exchanges or shared web wallets, which they will never be able to transfer it out)

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Counterwallet used to be able to sign message compatible with bitcoind, but last time I checked they were incompatible. If the problem was fixed, you should be also be able to use Counterwallet address to claim directly on the faucet, and don't need to import it.

No explanation and the devs like xnova keep ignoring our messages. Instead, we get pompous announcements of new features.

XCP is a really second gen crypto.XCP is safe but slow... can we change that?

You mean the testnet faucet?
I don't know what you mean by "your current one in your profile" (what profile?).
You need to use the testnet Counterwallet where you create a new wallet with "fake" XCP's that you get from the faucet.
https://testnet.counterwallet.co

Who are "they" who are charging you those fees?

It is broken.  I also have sell orders at those prices.  The part that sucks is I have never received compensation for fees due to their errors, which I accept, and they still insist on charging fees while the system is going through debugging which I don't.  At least give us an explanation of why this problem is so hard to debug and what is going on.

Anyone explain how exactly the faucet works? Don't I need a separate XCP address instead of my current one in my profile?

Xnova:

Has the message signing compatibility issue been fixed yet?

Thanks


EDIT: Ok. I see we have an open issue at https://github.com/CounterpartyXCP/counterwallet/issues/309#comments

Bookmarked, I am shocked that I haven't seen this thread before...

Working again, so far A-ok.