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Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 264. (Read 1276789 times)

sr. member
Activity: 432
Merit: 250

We're not claiming a technical first.  We have been planning this for the last two months and talking about it publicly for the past two weeks, the asset wasn't even registered until after the fundraiser started.

So you can have the 'first embedded in the blockchain' until you find somebody who beat you and didn't do anything with it either Smiley  Tatiana started accepting funds before you did, she just chose to pursue a model that issues the tokens at the end rather than the beginning.

Congrats on your coin though, I've bought several batches Smiley

Thanks for the support!  Shocked And yes, I prefered to do the fundraiser entirely over Counterparty by issuing the assets in advance. These are just a few out of the many ways that Counterparty functionality can be used. I'm certain that new creative ways to use it will continue being discovered Smiley
sr. member
Activity: 434
Merit: 254
Editor-in-Chief of Let's Talk Bitcoin!
Thanks to everyone who bought NICEPLUM assets, you rock!

do you have any threads/twitter/etc to update share holders ?

I have set up this blog to keep you guys up to date: http://coinedtalk.com/
There is also a twitter @niceplum, but I prefer Coinedtalk.


 
The first sell order on the DEX has been filled ( 2.3% NICEPLUM sold. 10% remaining out of 100,000. )


And the first test payment distribution has been paid out (a total of 2 XCP).




P.S. Sorry Tatiana! But NICEPLUM was the first artist coin issued on Counterparty.


..


We're not claiming a technical first.  We have been planning this for the last two months and talking about it publicly for the past two weeks, the asset wasn't even registered until after the fundraiser started.

So you can have the 'first embedded in the blockchain' until you find somebody who beat you and didn't do anything with it either Smiley  Tatiana started accepting funds before you did, she just chose to pursue a model that issues the tokens at the end rather than the beginning.

Congrats on your coin though, I've bought several batches Smiley
sr. member
Activity: 390
Merit: 254
Counterparty Developer
Counterwallet going down for about 30 minutes for a systems upgrade (the 'insight' software has a large update involved, which makes this a bit longer than a normal update).

The multiserver support is still in testing and will be added soon, which should remove the need for these outages in the future.

EDIT: done
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
sr. member
Activity: 434
Merit: 254
Editor-in-Chief of Let's Talk Bitcoin!


I've been advising on SWARM for the last several months and I can tell you if the price of issuing assets went substantially up it would indeed push more towards projects that do not impose those arbitrary costs.

OK. I accept.

MtoMatter: What is than in your opinion the main value driver for counterparty and XCP the token? if no use-cases are created that require substantial use of XCP, how do you think it can gain value? 
[/quote]

Every time an asset is issued or BTC purchase is made some of the fixed supply XCP are burned.  XCP is MUCH more convenient to use as your currency on the decentralized exchange because the trades are fast and automatic whereas with Bitcoin they require a bunch of extra time and steps.   Right now XCP isn't really being used since the first applications demonstrating its usefulness are just starting to pop up.
full member
Activity: 214
Merit: 101
XCP will derive its value though betting which has a huge potential market.

Is betting only allowed in XCP for this reason?

And because bitcoins cannot be escrowed.

wrong, bitcoin can be escrowed by multisignature?

What Matt I believe is talking about is a protocol level or trust-less escrow which happens with CFD/Bets or DEX trades between XCP and other Counterparty assets, where the transactions are automated based on initially specified conditions.

Bitcoin is not escrowed by multisignature in as much as it's not escrowed by single signature and can be escrowed with or without multi-signature. What multi-signature does is require more than one signature for a transaction, while this is incredibly useful for a number of cases, a bet or transaction with Multi-sig still involves a trusted third party, only the trust can be shared among signature holders.
hero member
Activity: 647
Merit: 510
Counterpartying
XCP will derive its value though betting which has a huge potential market.

Is betting only allowed in XCP for this reason?

And because bitcoins cannot be escrowed.

wrong, bitcoin can be escrowed by multisignature?

Bitcoins cannot be escrowed for binary betting and CFDs which require more functionality. Adam can explain this better and more technically, but the short of it is that bitcoins cannot be escrowed for betting purposes.

Edit: I found a short description Adam provided me a while back of what the difference is...

Multisig and escrow for betting are almost completely orthogonal. Counterparty allows for new kinds of financial transactions; multisig allows for different *control* over transactions of any sort. They're compatible, but independent.
legendary
Activity: 2478
Merit: 1362
XCP will derive its value though betting which has a huge potential market.

Is betting only allowed in XCP for this reason?

And because bitcoins cannot be escrowed.

wrong, bitcoin can be escrowed by multisignature?
legendary
Activity: 1372
Merit: 1000
XCP will derive its value though betting which has a huge potential market.

Is betting only allowed in XCP for this reason?

And because bitcoins cannot be escrowed.

Just the kind of answer I was hoping for.  I think we're doing this the right way.
hero member
Activity: 647
Merit: 510
Counterpartying
XCP will derive its value though betting which has a huge potential market.

Is betting only allowed in XCP for this reason?

And because bitcoins cannot be escrowed.
legendary
Activity: 1372
Merit: 1000
XCP will derive its value though betting which has a huge potential market.

Is betting only allowed in XCP for this reason?
hero member
Activity: 647
Merit: 510
Counterpartying
XCP will derive its value though betting which has a huge potential market.
full member
Activity: 210
Merit: 100


I've been advising on SWARM for the last several months and I can tell you if the price of issuing assets went substantially up it would indeed push more towards projects that do not impose those arbitrary costs.
[/quote]

OK. I accept.

MtoMatter: What is than in your opinion the main value driver for counterparty and XCP the token? if no use-cases are created that require substantial use of XCP, how do you think it can gain value? 
sr. member
Activity: 434
Merit: 254
Editor-in-Chief of Let's Talk Bitcoin!
So what is going on with counterparty, any good news, something investors can look for?

Appearance by Niki: http://cryptotu.be/mastercoin-couterparty-at-coinscrum-london/

First major exposure will be at Inside Bitcoins Hong Kong in less than a month. That will be followed with Inside bitcoins Melbourne and CoinSummit London in early July. There will be hundreds of people in the audience at both Inside Bitcoins events. CoinSummit had over 5,000 people streaming the panels at the last event.

In addition to exposure for Counterparty, you'll see more businesses coming online and people starting to actually use them.

Besides that, I'm sure everyone reading this is telling their friends and making sure they know what Counterparty is. Right?

It is still hard to recognize what any of these will do to the value of XCP the token and the CP marketcap as a whole. if all swarm shares and dividends as well as all other assets are in BTC, it will contribute to BTC and NOT XCP.

the only operation/asset so far that has such potential is countersports.

This is why XCP is still around 0.0037-0.0045btc. the only item that caused price excitement for 48 hours was that launch.

Like I said here a few months ago. we should have either charged more for assets in XCP or force shares/payments in XCP to make this an integral part of the technology not a side thought. this is what etherium will do with ETH---- it will have to be part of every transaction which i think is wise.

Exposure is good and that can't be argued. As you say, what the effect will be is hard to determine.

Yes, all crowdfunding and distributions can be done in BTC. While this makes XCP unnecessary, it makes the protocol more useful. I think the longer term view of making something as useful as possible and not intentionally limiting functionality in order to pump the price of XCP is a good decision.

I also disagree that the creation of assets should cost more or that payments should have to be made in XCP. Betting and contracts for difference is a huge market - in the trillions of dollars.

I think you're frustrated that the price is stagnating and the easiest way to get short term price movement is by limiting the utility of bitcoins and increasing fees. I disagree with that logic and think betting will more than carry the price of XCP. The simple truth is that businesses need time to build around the UI of Counterwallet which only recently had betting functionality added. Additionally, while Swarm is not directly using XCP, Joel's project will generate a ton of exposure for Counterparty and also prove the system. Swarm is a huge win for us and Joel is using Counterparty because of the functionality and low cost.

I totally accept the notion that Swarm is a huge win. I agree that exposure is great and with most of what you wrote on that regard.

What I disagree with is that functionality per se for the platform, will create value for XCP the token. If this was a public company with shares, or a common startup, than XCP value per se would matter less. But it isn't! and the only way for XCP to increase in value overtime is when demand for it increases. There is just no other vehicle.

I agree that betting and derivatives have a great potential for doing just that, but I think that parellel to this, it makes no sense for an asset to cost $4 to create in XCP. Entrepreneurs would have paid $100 or $500 and if not than they are not serious enough. In fact it would have gotten more quality assets, less potential dishonest assets etc.

The notion that usability per se creates value is only true for proof of concept. ie, that a major gambling player will see that this is a safe platform on which they can build a mega site. This in turn can certainly create value for XCP --- providing that it won't suddenly become a BTC transparent platform.

I am patient and truly like this project and am impressed by the coming out of the founders a couple of months ago. Didnt even convert my original burnt XCPs.

But-still- wanted to bring this issue up again, as I think that it is a bit of a side issue for most, or they think that the more assets on CP the more value XCP will have which I dont think is true.

I've been advising on SWARM for the last several months and I can tell you if the price of issuing assets went substantially up it would indeed push more towards projects that do not impose those arbitrary costs.
hero member
Activity: 647
Merit: 510
Counterpartying
I agree with most of what you said and think it was fairly well said. However, that usability only creates value in proof of concept is absolutely wrong in my opinion, but it's not important to discuss that.
full member
Activity: 210
Merit: 100
So what is going on with counterparty, any good news, something investors can look for?

Appearance by Niki: http://cryptotu.be/mastercoin-couterparty-at-coinscrum-london/

First major exposure will be at Inside Bitcoins Hong Kong in less than a month. That will be followed with Inside bitcoins Melbourne and CoinSummit London in early July. There will be hundreds of people in the audience at both Inside Bitcoins events. CoinSummit had over 5,000 people streaming the panels at the last event.

In addition to exposure for Counterparty, you'll see more businesses coming online and people starting to actually use them.

Besides that, I'm sure everyone reading this is telling their friends and making sure they know what Counterparty is. Right?

It is still hard to recognize what any of these will do to the value of XCP the token and the CP marketcap as a whole. if all swarm shares and dividends as well as all other assets are in BTC, it will contribute to BTC and NOT XCP.

the only operation/asset so far that has such potential is countersports.

This is why XCP is still around 0.0037-0.0045btc. the only item that caused price excitement for 48 hours was that launch.

Like I said here a few months ago. we should have either charged more for assets in XCP or force shares/payments in XCP to make this an integral part of the technology not a side thought. this is what etherium will do with ETH---- it will have to be part of every transaction which i think is wise.

Exposure is good and that can't be argued. As you say, what the effect will be is hard to determine.

Yes, all crowdfunding and distributions can be done in BTC. While this makes XCP unnecessary, it makes the protocol more useful. I think the longer term view of making something as useful as possible and not intentionally limiting functionality in order to pump the price of XCP is a good decision.

I also disagree that the creation of assets should cost more or that payments should have to be made in XCP. Betting and contracts for difference is a huge market - in the trillions of dollars.

I think you're frustrated that the price is stagnating and the easiest way to get short term price movement is by limiting the utility of bitcoins and increasing fees. I disagree with that logic and think betting will more than carry the price of XCP. The simple truth is that businesses need time to build around the UI of Counterwallet which only recently had betting functionality added. Additionally, while Swarm is not directly using XCP, Joel's project will generate a ton of exposure for Counterparty and also prove the system. Swarm is a huge win for us and Joel is using Counterparty because of the functionality and low cost.

I totally accept the notion that Swarm is a huge win. I agree that exposure is great and with most of what you wrote on that regard.

What I disagree with is that functionality per se for the platform, will create value for XCP the token. If this was a public company with shares, or a common startup, than XCP value per se would matter less. But it isn't! and the only way for XCP to increase in value overtime is when demand for it increases. There is just no other vehicle.

I agree that betting and derivatives have a great potential for doing just that, but I think that parellel to this, it makes no sense for an asset to cost $4 to create in XCP. Entrepreneurs would have paid $100 or $500 and if not than they are not serious enough. In fact it would have gotten more quality assets, less potential dishonest assets etc.

The notion that usability per se creates value is only true for proof of concept. ie, that a major gambling player will see that this is a safe platform on which they can build a mega site. This in turn can certainly create value for XCP --- providing that it won't suddenly become a BTC transparent platform.

I am patient and truly like this project and am impressed by the coming out of the founders a couple of months ago. Didnt even convert my original burnt XCPs.

But-still- wanted to bring this issue up again, as I think that it is a bit of a side issue for most, or they think that the more assets on CP the more value XCP will have which I dont think is true.
hero member
Activity: 647
Merit: 510
Counterpartying
So what is going on with counterparty, any good news, something investors can look for?

Appearance by Niki: http://cryptotu.be/mastercoin-couterparty-at-coinscrum-london/

First major exposure will be at Inside Bitcoins Hong Kong in less than a month. That will be followed with Inside bitcoins Melbourne and CoinSummit London in early July. There will be hundreds of people in the audience at both Inside Bitcoins events. CoinSummit had over 5,000 people streaming the panels at the last event.

In addition to exposure for Counterparty, you'll see more businesses coming online and people starting to actually use them.

Besides that, I'm sure everyone reading this is telling their friends and making sure they know what Counterparty is. Right?

It is still hard to recognize what any of these will do to the value of XCP the token and the CP marketcap as a whole. if all swarm shares and dividends as well as all other assets are in BTC, it will contribute to BTC and NOT XCP.

the only operation/asset so far that has such potential is countersports.

This is why XCP is still around 0.0037-0.0045btc. the only item that caused price excitement for 48 hours was that launch.

Like I said here a few months ago. we should have either charged more for assets in XCP or force shares/payments in XCP to make this an integral part of the technology not a side thought. this is what etherium will do with ETH---- it will have to be part of every transaction which i think is wise.

Exposure is good and that can't be argued. As you say, what the effect will be is hard to determine.

Yes, all crowdfunding and distributions can be done in BTC. While this makes XCP unnecessary, it makes the protocol more useful. I think the longer term view of making something as useful as possible and not intentionally limiting functionality in order to pump the price of XCP is a good decision.

I also disagree that the creation of assets should cost more or that payments should have to be made in XCP. Betting and contracts for difference is a huge market - in the trillions of dollars.

I think you're frustrated that the price is stagnating and the easiest way to get short term price movement is by limiting the utility of bitcoins and increasing fees. I disagree with that logic and think betting will more than carry the price of XCP. The simple truth is that businesses need time to build around the UI of Counterwallet which only recently had betting functionality added. Additionally, while Swarm is not directly using XCP, Joel's project will generate a ton of exposure for Counterparty and also prove the system. Swarm is a huge win for us and Joel is using Counterparty because of the functionality and low cost.
hero member
Activity: 588
Merit: 504
So what is going on with counterparty, any good news, something investors can look for?

Appearance by Niki: http://cryptotu.be/mastercoin-couterparty-at-coinscrum-london/

First major exposure will be at Inside Bitcoins Hong Kong in less than a month. That will be followed with Inside bitcoins Melbourne and CoinSummit London in early July. There will be hundreds of people in the audience at both Inside Bitcoins events. CoinSummit had over 5,000 people streaming the panels at the last event.

In addition to exposure for Counterparty, you'll see more businesses coming online and people starting to actually use them.

Besides that, I'm sure everyone reading this is telling their friends and making sure they know what Counterparty is. Right?

It is still hard to recognize what any of these will do to the value of XCP the token and the CP marketcap as a whole. if all swarm shares and dividends as well as all other assets are in BTC, it will contribute to BTC and NOT XCP.

the only operation/asset so far that has such potential is countersports.

This is why XCP is still around 0.0037-0.0045btc. the only item that caused price excitement for 48 hours was that launch.

Like I said here a few months ago. we should have either charged more for assets in XCP or force shares/payments in XCP to make this an integral part of the technology not a side thought. this is what etherium will do with ETH---- it will have to be part of every transaction which i think is wise.


I disagree somewhat, the true value lies within the protocol. XCP act as 'shares' in the cpunterparty protocol, in the same way that BTC acts as shares in Bitcoin protocol since the blockchain has established a network effect, despite the fact you could clone it. The more usage of Counterparty we see, the more valuable the limited, non inflationary shares can be, even if the majority usage is BTC denominated transport mechanism.

legendary
Activity: 1372
Merit: 1000
Like I said here a few months ago. we should have either charged more for assets in XCP or force shares/payments in XCP to make this an integral part of the technology not a side thought. this is what etherium will do with ETH---- it will have to be part of every transaction which i think is wise.

This is an interesting point and I'm not sure where I stand on it.  On one hand, we want our investment to increase in value so we want the purchase of XCP to become a necessity.  On the other hand, we want our investment to increase in value so we want to make Counterparty as useful and unrestricted as possible.  Perhaps this will become the main difference between Counterparty and Ethereum.
full member
Activity: 210
Merit: 100
So what is going on with counterparty, any good news, something investors can look for?

Appearance by Niki: http://cryptotu.be/mastercoin-couterparty-at-coinscrum-london/

First major exposure will be at Inside Bitcoins Hong Kong in less than a month. That will be followed with Inside bitcoins Melbourne and CoinSummit London in early July. There will be hundreds of people in the audience at both Inside Bitcoins events. CoinSummit had over 5,000 people streaming the panels at the last event.

In addition to exposure for Counterparty, you'll see more businesses coming online and people starting to actually use them.

Besides that, I'm sure everyone reading this is telling their friends and making sure they know what Counterparty is. Right?

It is still hard to recognize what any of these will do to the value of XCP the token and the CP marketcap as a whole. if all swarm shares and dividends as well as all other assets are in BTC, it will contribute to BTC and NOT XCP.

the only operation/asset so far that has such potential is countersports.

This is why XCP is still around 0.0037-0.0045btc. the only item that caused price excitement for 48 hours was that launch.

Like I said here a few months ago. we should have either charged more for assets in XCP or force shares/payments in XCP to make this an integral part of the technology not a side thought. this is what etherium will do with ETH---- it will have to be part of every transaction which i think is wise.
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