Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 222. (Read 1276789 times)

The value of XCP derives from three things: 1) its mandatory usage in other functionality (such as all derivatives) and 2) its superiority to BTC with trading and crowdsales (it's much faster) and 3) it represents stake in the protocol (for future protocol changes, etc.).

Let me play the dev. advocate a bit...

What motivation would a trusted entity like Bloomberg have to provide a feed for Counterparty? Are they significantly paid? If their feed get corrupted they could loose a lot of reputation.

In case another party replicates the Bloomberg feed and not Bloomberg itself can be held responsible for it, then a Counterparty user would have to trust the party that provides the feed and not Bloomberg. Could Bloomberg sign its feed which then would be provable within Counterparty so that Bloomberg would not have to broadcast it itself?  

1) Yep.

2) That's hard to say. If the feed operator is a well-established entity (like Bloomberg, CoinDesk, etc.), there isn't much advantage.

That's fantastic, very impressive. Counterparty is really looking to be hands and shoulders above any other platform for this kind of thing.

Bit of a newb question here: since these IPOs use Bitcoin rather than XCP, is betting considered to be the primary use case for XCP or are there any other circumstances in which you see people using it? I'm just trying to get a clearer picture of what drives the value of XCP.

Just want to be clear on this, because there were a few questions in my last post:
1) You confirmed that I have to check who the feed broadcasters are and whether I want to trust them?
2) Remaining question: How is it beneficial then to have multiple feeds for the same questionable outcome?

+1
This in deed is great news!

That's how it works, yes.

Say I want to bet on a football game. Are multiple parties gonna issue a feed that is supposed to be evidence for the same outcome/result? In the end I have to check who the feed broadcasters are and whether I trust them? If that is not so how does it work? 

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the development of this protocol is nothing but impressive - maybe it is really possible to put counterparty in the front of blockchain based finance

Great news. Will see how they handle the legal issues.

Wow!

Reddit thread: Overstock Hopes to Issue Shares on Bitcoin with Counterparty
Hacker News thread: https://news.ycombinator.com/item?id=8108163

edit: updated links

Good to see that overstock has more big plans

http://www.wired.com/2014/07/overstock-and-cryptocurrency/

"Overstock has already held extensive discussions with a company called CounterParty, which offers software that could help drive such a cryptosecurity..."

By 'independent', I meant independent from each other and independent from Countertparty.

To use ESPN feeds, someone currently has to translate that that data into the Counterparty broadcasts.

hi page 459, how are you? im about to start an asset on counter-party. any advice?  RTFM is all i can think off.

I also had a similar question.

ESPN.com has some pretty reliable feeds when it comes to sports outcomes.. is it possible to use some central commercial authority to generate feeds? What about Wikipedia? -- oh wait, bad idea..

I can't actually access the feature using my native IP but will experiment in the future.

Thanks for your answer.
What is an INDEPENDENT oracle? Sounds interesting but who is providing it?

This is an unofficial pre-announcement meant to inform the Counteryparty Community about a new asset class being made available to Counterparty users...


The SolarWind Mining Company (SWMC) has been working on building a Hashing EXchange (HEX) for the past several months. SWMC expects to have the official launch of the SWMC-HEX sometime between mid September and late November. SWMC will be offering preorders for Bitcoin mining hash power via Counterparty through an asset called SWMCHEX.


About the SWMCHEX asset:


     One SWMCHEX is equal to one GHS, and a total of 5 PH/s (5,000,000 SWMCHEX) have been issued with 4,000,000 SWMCHEX being sold at ~85¢/GHS. Bitcoin earnings from mining will be paid via Counterparty's built in dividend feature. SWMC-HEX is making the first 1,000,000 SWMCHEX (1 PH/s) available now and there will be a 10% bonus to purchasers. So, if you purchase 100 SWMCHEX you'll actually receive 110 GHS!! The additional 1,000,000 SWMCHEX will be used for bonuses, giveaways, bounties, to cover variances in the exchange rate of BTC or are to be sold before launch.


     Be one of the first 500 purchasers of at least 100 GHS and you'll be eligible to win 1 TH/s worth of SWMCHEX!!


Some of the major features of the SWMC-HEX:


     Tradable Mining Power which can be bought our sold at a price you determine


     Instant ROI Calculation based on you buy price allows you to estimate how long it will take for your purchased hashing power to mine enough currency to reach your targeted ROI, at what price you must sell hashing power you own to obtain ROI or what combination of both mining time and sell price will achieve ROI for you... By using the Instant ROI Calculation you will be empowered to make the right decision on your mining purchases and the tool so you never have to buy to high, sell to low or to soon to reach ROI ever again...


     Our hosted miningware will be utilizing Immersion Cooling to increase efficiency and protect the miningware from heat damage and extending its usability


     SWMC's miningware will be Fabricated by the SWMC using open source hardware PCBs specifically designed to work with any cryptocurrency mining chip, making the SWMC-HEX capable of scaling up mining power very quickly using the most cost effective hashing power available at any given time


     SWMC believes that large mining operations should help protect the Decentralized Nature of Bitcoin's Hashing Network, so,.. The SolarWind Mining Company will make it possible for owners of hashing power on the SWMC-HEX to point that hashing power to any mining pool that they wish, essentially the same way that they would control a physical miner in their own possession.


     A "Create Your Own Mining Pool" feature which can be used for solo mining or for creating a mining pool that others can join for crowdfunding, group buys, investments, savings accounts, retirement funds, etc,..  etc,..  etc,..


     Miningware hosted in a US location with 5.5¢ kw/h electricity

Announcement: We've just received an initial report from Peter Todd concerning his security audit of Counterparty and the counterpartyd code. Peter Todd is an expert in Bitcoin and metacoins (like Counterparty) in particular. I'm proud to announce that he found no significant security issues. Of course, he has recommended a number of small improvements that we can and will make over the next couple of weeks. I'm just now listing all specific points on GitHub under the tag 'Peter Todd Audit', where they will be visible to all and wide-open for both discussion and implementation.

This is the second security audit that we've had performed on the protocol specification and its reference implementation. The first was completed by Sergey Demian-Lerner a few months ago, soon after which all major concerns were addressed (of course, our test coverage could always be better!). As far as I know, we are the only major Bitcoin 2.0 project to have had any formal, comprensive, expert security audits of its codebase, and now we have had not one, but two!