Author

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 245. (Read 1276936 times)

hero member
Activity: 728
Merit: 500
Activity: yes
PhantomPhreak, Thank you!
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
http://www.reddit.com/r/Bitcoin/comments/295las/35_of_my_btc_gone_pc_not_compromised/

It seems like brainwallet.org used weak random functions when creating a paraphrase...

Can anyone please confirm that counterwallet.co does not have this problem so I'll be able to sleep without nightmares? Tongue

I can confirm it. Counterwallet only uses cryptographically secure pseudo-random number generators.
hero member
Activity: 728
Merit: 500
Activity: yes
http://www.reddit.com/r/Bitcoin/comments/295las/35_of_my_btc_gone_pc_not_compromised/

It seems like brainwallet.org used weak random functions when creating a paraphrase...

Can anyone please confirm that counterwallet.co does not have this problem so I'll be able to sleep without nightmares? Tongue
hero member
Activity: 647
Merit: 510
Counterpartying
As you can see from the post just above this, there is a reason for a comparison style chart and really the effort should go beyond that into more detailed comparisons of each project, including usability.

Competition is a sign of a market maturing and I personally can't wait for a little more of it. Competition has moved the 2.0 space forward dramatically already and it will continue to do so in the future. It's important that people have a number of platforms to choose from so that they can work through their decision making process and choose whatever solution is best for their needs.

You should probably also mention the following:

  • NXT only supports trading between NXT and assets, not assets with assets. Counterparty supports trading between Bitcoin, assets, and XCP
  • Mastercoin requires you to send a small amount of BTC to the founder every time you use its features. They claim this is necessary, but Counterparty doesn't do it.
  • Mastercoin will charge 0.3% for trading Bitcoin as well as user-created assets. Counterparty does not.

There are a number of other fields that could be added. This is a simple list that focuses on functionality and forgoes any discussion of model choices (with the exception of "is this project built on Bitcoin"). I'll hand it off to the Counterparty Founders and you guys to do what you want with it. My hope is that it can be added to Counterparty.co/comparison so that it's easy to link to and can be updated as time goes on.
sr. member
Activity: 432
Merit: 250
As you can see from the post just above this, there is a reason for a comparison style chart and really the effort should go beyond that into more detailed comparisons of each project, including usability.

Competition is a sign of a market maturing and I personally can't wait for a little more of it. Competition has moved the 2.0 space forward dramatically already and it will continue to do so in the future. It's important that people have a number of platforms to choose from so that they can work through their decision making process and choose whatever solution is best for their needs.

You should probably also mention the following:

  • NXT only supports trading between NXT and assets, not assets with assets. Counterparty supports trading between Bitcoin, assets, and XCP
  • Mastercoin requires you to send a small amount of BTC to the founder every time you use its features. They claim this is necessary, but Counterparty doesn't do it.
  • Mastercoin will charge 0.3% for trading Bitcoin as well as user-created assets. Counterparty does not.
hero member
Activity: 647
Merit: 510
Counterpartying

I have to comment: It is in all of our best interests that all 3 projects are very successful. The evolution of the blockchain concept and its potential for the betterment of people around the globe is the key issue.

The competition between one and another is in my opinion irrelevant at this very early stage of cryptocurrency adaptation. In fact in an ideal world, leaders of each community should look to cooperate and not compete.

Obviously we all want to make money (note my frustration on XCP the token and how it is sold short in comparison to the great CP concept as a whole) BUT we all will if adaptation and penetration grow exponentially and this will be slower if we rip each other off etc etc.  

just a comment.

As you can see from the post just above this, there is a reason for a comparison style chart and really the effort should go beyond that into more detailed comparisons of each project, including usability.

Competition is a sign of a market maturing and I personally can't wait for a little more of it. Competition has moved the 2.0 space forward dramatically already and it will continue to do so in the future. It's important that people have a number of platforms to choose from so that they can work through their decision making process and choose whatever solution is best for their needs.
hero member
Activity: 647
Merit: 510
Counterpartying
The ability to create an asset, distribute pieces of it to various parties, then pay distributions/dividends on profit or income to the pieces of said asset, as shown in this video: https://www.youtube.com/watch?v=eyzA5Lj1ajM

is there any further discussion on comparison  of all these so call bitcoin 2.0,  could give us a thorough understand the potential of these coins , thanks

I'm not aware of any recent comparison of 2.0 projects. The only good comparison I've ever seen was in Tim Swanson's book which came out a while back: http://www.ofnumbers.com/
hero member
Activity: 647
Merit: 510
Counterpartying
Dividends are possible as a third-party service running on top of NXT right now, and will be in the core of NXT in the coming month. Dividends are naturally paid in NXTs (because NXT is the accounting unit), and NXT AE runs on NXT network, so those two red checkboxes are irrelevant for NXT, but sure look good for XCP marketing Wink

NXT is not built on Bitcoin so you can't pay dividends in BTC. Similarly, you can't pay dividends in NXT on Counterparty. That particular comparison was meant for the projects that were built on Bitcoin's blockchain.
full member
Activity: 210
Merit: 100

I have to comment: It is in all of our best interests that all 3 projects are very successful. The evolution of the blockchain concept and its potential for the betterment of people around the globe is the key issue.

The competition between one and another is in my opinion irrelevant at this very early stage of cryptocurrency adaptation. In fact in an ideal world, leaders of each community should look to cooperate and not compete.

Obviously we all want to make money (note my frustration on XCP the token and how it is sold short in comparison to the great CP concept as a whole) BUT we all will if adaptation and penetration grow exponentially and this will be slower if we rip each other off etc etc.  

just a comment.
full member
Activity: 180
Merit: 100
The ability to create an asset, distribute pieces of it to various parties, then pay distributions/dividends on profit or income to the pieces of said asset, as shown in this video: https://www.youtube.com/watch?v=eyzA5Lj1ajM

Dividends may even find a (perhaps unintended) use as address alias. Say I create a token called MYNAME. I issue only one share and keep it to myself.

Instead of handing out my bitcoin address, I tell people my asset name instead. It is easy to remember and to type in. To send me bitcoin you need to pay me a dividend. Right now that's too practical, but say that a wallet program automates this.

For example, in the "Pay to" field in Electrum you could insert either an address or a token name. Perhaps the token name could be of format [TOKEN]@XCP. This would truly make bitcoin the email of money.
sr. member
Activity: 336
Merit: 260
Thanks very much for the explanation. I am new to both xcp and nxt and would like to understand more details of pros and cons for both coins. Is that ture  nxt is now so over valued and the initial distribution is as flaw as mastercoin?

Valuation is a subjective thing, you will have to decide for yourself based on certain criteria that you use as an investor, I can't answer that question for you.

Initial IPO distribution of NXT is a known fact, NXT was distributed among 73 original stakeholders.
Current distribution of NXT in ~40 000 accounts is nearing Bitcoin distribution percentage-wise.
http://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
https://nxtblocks.info/#section/blockexplorer_distribution
But please go to NXT thread to ask questions. I was only pointing out some inconsistencies in the image presented above.
newbie
Activity: 47
Merit: 0
The ability to create an asset, distribute pieces of it to various parties, then pay distributions/dividends on profit or income to the pieces of said asset, as shown in this video: https://www.youtube.com/watch?v=eyzA5Lj1ajM

is there any further discussion on comparison  of all these so call bitcoin 2.0,  could give us a thorough understand the potential of these coins , thanks
newbie
Activity: 47
Merit: 0
Dividends are possible as a third-party service running on top of NXT right now, and will be in the core of NXT in the coming month. Dividends are naturally paid in NXTs (because NXT is the accounting unit), and NXT AE runs on NXT network, so those two red checkboxes are irrelevant for NXT, but sure look good for XCP marketing Wink

Thanks very much for the explanation. I am new to both xcp and nxt and would like to understand more details of pros and cons for both coins. Is that ture  nxt is now so over valued and the initial distribution is as flaw as mastercoin?
sr. member
Activity: 336
Merit: 260
Dividends are possible as a third-party service running on top of NXT right now, and will be in the core of NXT in the coming month. Dividends are naturally paid in NXTs (because NXT is the accounting unit), and NXT AE runs on NXT network, so those two red checkboxes are irrelevant for NXT, but sure look good for XCP marketing Wink
hero member
Activity: 647
Merit: 510
Counterpartying
The ability to create an asset, distribute pieces of it to various parties, then pay distributions/dividends on profit or income to the pieces of said asset, as shown in this video: https://www.youtube.com/watch?v=eyzA5Lj1ajM
sr. member
Activity: 386
Merit: 250

Can you explain what "BTC Dividends" means, please? I haven't heard this term before in connection with Counterparty.
sr. member
Activity: 271
Merit: 254
So we are less likely now to be kicked out of Bitcoin protocol by its devs?

Counterparty was, and is fully safe. It was misinformation, FUD and sensationalist reporting.

Bitcoin is irrelevant. What's relevant is the sha256 hash rate that secures the blockchain, and if bitcoin devs continue to act like central bankers the farmers will take their blockscan.com/assetInfo.aspx?q=SOYBEANS to other blockchains that have more distributed hashrate, like Myriadcoin or something derived from it, and the transaction fees and the miners will follow.

Just expect volatility and a lot of FUD in the process.
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
Adam's presentation from Bitcoin in the Beltway is available here: https://docs.google.com/presentation/d/17sfPIBmSDacbUpVAImgPdCWwyFm9yOgaTzcEuXJwIQE/edit?

What's Next
Quote
Counterwallet Chrome App
Multi-signature addresses
Unconfirmed transactions
Gaming!
Advanced derivatives
- futures
- swaps
- options
Asymmetric leverage

Can't wait to hear more on the upcoming features !
hero member
Activity: 647
Merit: 510
Counterpartying
Jump to: