Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 262. (Read 1276789 times)

Crowdfunding with BTC is exactly the same as crowdfunding with XCP because of Vennd. Vennd also allows for very easy crowdfunding in other currencies besides XCP. While your point held true a month ago, that is no longer the case.

To be clear: Funding a project with BTC is *exactly* the same as funding it with XCP. Neither coin is easier or harder to fund a project with, the process is the same for BTC and XCP through the use of Vennd.

Vennd: http://www.vennd.io/

This leads to an obvious price increase. I mean from a rationally point of view, XCP is one of the best cryptocurrency investments possible... It's deflationary, cannot be mined, and uses the Bitcoin network.

And as someone else said, crowdfunding using XCP is much smoother than with BTC. This is also why NICEPLUM is actually funded with XCP.

1. The supply is fixed
2. This can be changed
3. XCP is slightly deflationary. As XCP are pulled from circulation, the remaining XCP will be worth more. Running out is not an issue as XCP can be divided into as many pieces as are required.

Questions.

1) Is the supply of 2,649,243 XCP fixed, ie it can never be increased?
2) When issuing an asset 0.5 XCP is burned. Is this amount hard-coded or can it be reduced/increased at a later point?
3) It seems to me there's a risk of running out of XCP at some point. Are there mechanisms to prevent this from happening?

Great job dev Team!
your hard work!
 I will keep watching

As led_lcd pointed out, this is not an issue because of Vennd. When I bought into Swarm I sent BTC to an address and received Swarm coins. There was no friction at all. The process was the same as it would have been with XCP or any other currency that someone may choose to accept.

Vennd: http://vennd.io/

That's where Vennd steps in -crowdfunding with BTC becomes really easy.

Create a vending machine which accepts BTC and it automatically dispenses APPCOIN. The vending machine does not need to control the private key of the address which is receiving BTC. The address which is receiving BTC can even be a multi-sig address.

From an investor's point of view: Fund Counterwallet with BTC, send BTC to the vending machine address and get back APPCOIN

Crowdfunding with BTC on Counterparty network has a lot more friction than doing with XCP though. If XCP liquidity is good enough for such IPO, it's better to crowdfund with XCP. XBTC would help mitigating the friction, but requires trusting another party. Thus, crowdfunding does help driving value of XCP.

Counterparty, Swarm, and Vennd in a nice CoinDesk article: http://www.coindesk.com/swarm-take-bitcoin-crowdfunding-new-heights/

Worth noting is that while crowdfunding is great, and Counterparty is the best platform for it, crowdfunding and IPOs do not drive the value of XCP. Those actions are basically free and XCP is not required for them due to the founders not limiting the ability of bitcoin intentionally in order to force the use of XCP.

If you are holding XCP and want to see an increase in price and adoption of XCP, what you are looking to is xbet.io and other similar sites (sites that provide peer-to-peer betting with no trusted third party).

Five hundred successfully crowdfunded businesses will the increase exposure of Counterparty, which will probably increase adoption, however, one successful xbet.io type site and the price of XCP will go to the moon. And Counterparty is the only platform that offers trustless, peer-to-peer betting at this time.

Counterparty - 1

Everyone else - 0

Agreed:

http://wiki.mastercoin.org/index.php/Upcoming_Crowdsales

App is getting rich, but the promotion is not like msc

quick overview of some of the recent projects being built using CounterParty (may be few errors)

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Swarm - Crypto-crowdfunding, kickstarter on steroids
http://www.swarmcorp.com/

Swarm is bringing true crypto-crowdfunding to the world. Swarm does due diligence on every company listed on the platform. More than that, Swarm will be funding coin-powered accelerators to incubate and coach young businesses. Accepted companies will raise more money faster and with reduced costs. Swarm companies will offer investors real equity in turn for investment dollars instead of being limited to gifts or early access to products.

Recent media coverage: http://www.coindesk.com/swarm-take-bitcoin-crowdfunding-new-heights/


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Xbet – The world's first distributed betting application
https://bitcointalksearch.org/topic/m.7211107

With Xbet you can make anonymous, secure and trustless bets completely p2p. Just like Bitcoin enabled you to not rely on central banks CounterSports leverages CounterParty to ensure you don't need to trust your Bookmaker. Nobody can steal the coins you've deposited to the gambling site because no-one receives these coins! they are completely safe being escrowed by the protocol. You don't have to wait for 'withdrawals to process' or to fax in any documentation or wait until someone announces the sites been hacked! the site can be hacked but your coins can't be stolen!.. it's 2014 and this is just the beginning of betting on Counterparty platform

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Vennd - an open source blockchain application
http://www.vennd.io/

Some of the potential uses of the vennd system:

Gateway
Vennd transforms things into representative tokens on the Counterparty platform (for example, BTC into XBTC, LTC into XLTC), kind of like a casino chip; this allows you to trade with ease on Counterparty's Decentralised Exchange. You can then exchange those assets back into their original form at a one-to-one ratio

Vending machine
You send BTC and the vending machine sends back the equivalent Counterparty asset. It makes crowdfunding orderly, transparent and automatic. No more Maidsafe coin launches if you use Vennd!

Recent media coverage: http://letstalkbitcoin.com/blog/post/ltb-113-enabling-tech

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DigitalTangibleTrust - Trade digital Gold tokens backed/secured by custody
http://www.digitaltangibletrust.com/

You can convert BTC into Gold or Silver, then either receive those metals in your physical possession or trade them on the exchange for tokens backed by gold/silver holdings
Easily escape the volatility of BTC and diversify into PM's and back to crypto from comfort of your armchair!

Recent media coverage: http://www.businessweek.com/news/2014-03-28/bitcoin-seen-playing-internet-of-money-role-beyond-payments
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About blockscan, it's not updated since block 304882. You just have to wait a bit for the server to be restarted manually I guess.

The small transactions enable XCP to be exchanged on the network.  They are not tied to the xcp.  You will just need a small amount of BTC for doing transactions in the future with the XCP.

I would suggest using a wallet to manage this address which can handle xcp.  Counterwallet.co may be a good choice.  You can open a wallet there and sweep the funds to counterwallet.  It is deterministic so I do not believe it imports private keys.

Question about storing XCP in Bitcoin-wallet:

I bought some XCP at Bter and transfered it to a new address in Electrum.

Electrum obviously does not show the XCP but surprisingly it does show 0.1086 mBTC. What happens to my XCPs if Electrum spends these 0.1086 mBTC?
I've understood that when I want to spend to my XCP I need to import the private key of the BTC-address to a wallet which support XCP.

What surprised me even more is that on Blockchain info I found three receiving addresses:
My address received 0.1086 mBTC
An escrow of 0.1086 mBTC
Some other address received 0.1258 mBTC

Blockscan.com does not find my address.

Coindesk article on Swarm which (of course) mentions Counterparty:

http://www.coindesk.com/swarm-take-bitcoin-crowdfunding-new-heights/

Countertalk Episode 1


https://www.youtube.com/watch?v=NQzKgLIGUJs

Not that I know of. You're welcome to do this of course.

+1

Thank you amy_bit