[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 267.

ejinte

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Quote from: Anotheranonlol on June 03, 2014, 09:04:17 AM

Quote from: ejinte on June 03, 2014, 07:01:47 AM

Quote from: BitcoinTangibleTrust on April 07, 2014, 01:03:09 PM

Quote from: PhantomPhreak on April 07, 2014, 12:52:10 PM

Quote from: ejinte on April 07, 2014, 12:12:40 PM

Is any data stored on your servers or is it like blockchain.info?

No private data at all is stored on the Counterwallet servers.

~~Except~~ Your 12-word passphrase can be used to access your Counterwallet account and easily send funds to anyone, anywhere, if not secured properly. Secure your passphrase please.

EDIT: Corrected to encouraging everyone to secure your passphrase. Phantom is correct. All crypto and security takes place in the browser not on the server.

So how come the wallet could get hacked and money stolen??
If there is no private keys on the server?
Please tell me this!!

Counterwallet uses deterministic seed just like electrum, it doesn't store your password on the server in any way. So the only way you would have a chance to lose money is if your personal machine was compromised or you handed that info over to someone.

Please correct me if I'm wrong, but didn't Counterwallet get hacked and a few bitcoins got stolen?
How this could happen is what I wounder, since you say it's not possible.

Anotheranonlol

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Quote from: JahPowerBit on May 22, 2014, 04:29:40 AM

Quote from: Anotheranonlol on May 22, 2014, 03:49:33 AM

Quote from: MoneypakTrader.com on May 21, 2014, 06:50:19 PM

Please correct me if there is a single file download to run counterparty, i.e. the wallet software.

There isn't. But as I understand developers could package node-webkit version of counterwallet quite trivially. Such a build could come from anyone really but coming from main counterparty team would be best.

I think it would be a positive thing in relation to the time it would take. People can have a strong interest to a native app on their desktop- especially electrum like lightweight clients. more than visiting website, it can feel more secure or local to them (even if the app is essentially browser window in a form) Counterparty can then market a lightweight win/osx/linux wallet being available.

Yes, this what is plan. First step is to make a Chrome App, this will be the lightweight client. Because in fact lightweight wallet and web wallet are same thing (the only difference is the UI hosted on server or locally). After that for heavy wallet we have a bunch of work on Counterblockd to make it installable on every computer (the ideal is to have no more dependencies than counterpartyd).
The urgency for now I think it's to have an heavy wallet. For that I really need to find time to work on BoottleXCP. I need one or two days to update it. I hope this week-end if I finish "My bets" pages before. After that I need also 3 or 4 days to make BoottleXCP light with pyrpcwallet. But is less urgent because for light wallet there is CW.

Is there any update here? I think a node-webkit build of CounterWallet like CarbonWallet would be attractive to some users (plus you can market as having native win/osx/linux lightweight wallets). I tried to build myself unsuccessfully, but I think for someone who has knowledge of the project it should be easy right?

Anotheranonlol

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Quote from: ejinte on June 03, 2014, 07:01:47 AM

Quote from: BitcoinTangibleTrust on April 07, 2014, 01:03:09 PM

Quote from: PhantomPhreak on April 07, 2014, 12:52:10 PM

Quote from: ejinte on April 07, 2014, 12:12:40 PM

Is any data stored on your servers or is it like blockchain.info?

No private data at all is stored on the Counterwallet servers.

~~Except~~ Your 12-word passphrase can be used to access your Counterwallet account and easily send funds to anyone, anywhere, if not secured properly. Secure your passphrase please.

EDIT: Corrected to encouraging everyone to secure your passphrase. Phantom is correct. All crypto and security takes place in the browser not on the server.

So how come the wallet could get hacked and money stolen??
If there is no private keys on the server?
Please tell me this!!

Counterwallet uses deterministic seed just like electrum, it doesn't store your password on the server in any way. So the only way you would have a chance to lose money is if your personal machine was compromised or you handed that info over to someone.

ejinte

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Activity: 644

Merit: 500

Quote from: BitcoinTangibleTrust on April 07, 2014, 01:03:09 PM

Quote from: PhantomPhreak on April 07, 2014, 12:52:10 PM

Quote from: ejinte on April 07, 2014, 12:12:40 PM

Is any data stored on your servers or is it like blockchain.info?

No private data at all is stored on the Counterwallet servers.

~~Except~~ Your 12-word passphrase can be used to access your Counterwallet account and easily send funds to anyone, anywhere, if not secured properly. Secure your passphrase please.

EDIT: Corrected to encouraging everyone to secure your passphrase. Phantom is correct. All crypto and security takes place in the browser not on the server.

So how come the wallet could get hacked and money stolen??
If there is no private keys on the server?
Please tell me this!!

ShroomsKit_Disgrace

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Merit: 1000

Yeah! I hate ShroomsKit!

Quote from: mr smith on June 03, 2014, 03:52:51 AM

Dudes
I would like to see NEM tokens used on your platform.
If any of you have NEM stakes you can ask UP, 50 / 100 requests are needed.
You can pop over and inform nemsters how to use Counterparty and the + sides / security ect.
There are lots of newbies that would need instructions about using assets, downloading the wallet ect
How to do things in general
Thanks

Why?

You've them already traded at NXT AE

And, AFAIK, the performance of such platform when dealing with this is nearly perfect.

mr smith

full member

Activity: 182

Merit: 100

Dudes
I would like to see NEM tokens used on your platform.
If any of you have NEM stakes you can ask UP, 50 / 100 requests are needed.
You can pop over and inform nemsters how to use Counterparty and the + sides / security ect.
There are lots of newbies that would need instructions about using assets, downloading the wallet ect
How to do things in general
Thanks

fractastical

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Swarm

Quote from: BitThink on June 02, 2014, 11:58:46 PM

How to indicate interest? Is it a kind of private sale before Open Phase 1? Anyone can join this private sale? Thanks.

That's basically correct. We are allowing early access to folks who have been around for awhile and contributed to Counterparty in some way.

Matt Y has specific information on how to participate. You can contact him for details.

fractastical

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Swarm

Quote from: maaku on June 02, 2014, 10:06:45 PM

you are only reserving 4% for the founders and developers? are you sure that's going to be imenough incentives?

No, I don't think it is enough incentive, at least for me. That said, I dislike large pre-mines. I think it's better to have equity in a known legal entity that is distinct from the crowd-offering that can also appreciate in value.

Matt Y

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Counterpartying

Quote from: loveyouforever on June 02, 2014, 11:02:50 PM

what's the status of XCP now

We're doing quite well, thanks. Wink

BitThink

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Quote from: fractastical on June 02, 2014, 07:19:56 PM

Quote from: Chang Hum on June 02, 2014, 05:32:11 AM

I'm trying to understand the donut graph on page 11 of the swarm booklet labelled fundraiser but it doesn't seem to tally up.

...
As far as I can see the booklet shows Swarm’s crowdfunding will close on July 20th with a target of 22,500 Bitcoins.

Hopefully this explains it:

Swarm reserves -> 8,000,000 SWARM (4,000,000 for founders, 4,000,000 for bounties)
Indication of Interest -> 500 Bitcoin -> 4,000,000 SWARM
Open Phase 1 -> 4,000 Bitcoin -> 20,000,000 SWARM
Open Phase 2 -> 17,000 Bitcoin -> 68,000,000 SWARM

Total coins issued is 100,000,000.

Target is 4,000 Bitcoin raise in the first open phase. After we will accept Bitcoins up until a 21,500 Bitcoin cap.

Happy to answer any additional questions.

How to indicate interest? Is it a kind of private sale before Open Phase 1? Anyone can join this private sale? Thanks.

loveyouforever

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what's the status of XCP now

maaku

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you are only reserving 4% for the founders and developers? are you sure that's going to be imenough incentives?

fractastical

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Swarm

Quote from: Chang Hum on June 02, 2014, 05:32:11 AM

I'm trying to understand the donut graph on page 11 of the swarm booklet labelled fundraiser but it doesn't seem to tally up.

...
As far as I can see the booklet shows Swarm’s crowdfunding will close on July 20th with a target of 22,500 Bitcoins.

Hopefully this explains it:

Swarm reserves -> 8,000,000 SWARM (4,000,000 for founders, 4,000,000 for bounties)
Indication of Interest -> 500 Bitcoin -> 4,000,000 SWARM
Open Phase 1 -> 4,000 Bitcoin -> 20,000,000 SWARM
Open Phase 2 -> 17,000 Bitcoin -> 68,000,000 SWARM

Total coins issued is 100,000,000.

Target is 4,000 Bitcoin raise in the first open phase. After we will accept Bitcoins up until a 21,500 Bitcoin cap.

Happy to answer any additional questions.

fractastical

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Activity: 309

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$Profile photo of fractastical$

Swarm

Quote from: voldemort628 on June 02, 2014, 09:23:01 AM

Quote from: Anotheranonlol on June 02, 2014, 09:21:16 AM

I believe swarm will have a front end client which will essentially be like a kickstarter for bitcoin, it will work with counterparty as the underlying protocol but the counterparty side will be transparent to an ordinary user.

They will undertake their own due-diligence on any promoted listings displayed on their app, and allow early backers to take stakes (e.g equity) in listed project (Rather than only being able to receive free t-shirts for $20 pledge or whatever nonsense kickstarter is doing these days)

thats cool if it is really true!

It's true

One additional thing that we plan to incorporate is due-diligence that is also decentralized. We want to use eToro (http://www.etoro.com/) style dashboards where you can see what projects have been endorsed and what the track record of is of the people who are endorsing a project. We should have mockups available in the next week or so that show how this will work.

xnova

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Counterparty Developer

Quote from: fractastical on June 01, 2014, 08:26:46 PM

Quote from: hill on June 01, 2014, 06:35:36 PM

Swarm’s crowdfunding will close on July 20th with a target of 17,000 bitcoins.

17000BTC*630$=10.7m$! LOL, that is too much!

This is a slight mistake and is currently being corrected in the article. Our target is 4,000 BTC. We will accept an additional 17,000 BTC in a second phase at a slightly lower rate of exchange.

If we raise a larger amount these additional funds will be used to underwrite future coin launches.

For additional details see the booklet that was recently given out at our announcement in Vienna:

https://www.dropbox.com/s/6qt7g20sgposayu/swarm-booklet-v6.pdf

Thanks, the post has been updated.

sparta_cuss

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Quote from: ?? on ??

Quote from: mtbitcoin on June 02, 2014, 10:45:42 AM

I have gone through some of the proposals and they are very interesting indeed. However, I personally feel that we are getting a bit ahead of ourselves at this point of time. Most of these ideas are quite elaborate and will take quite a bit of resources to successfully fund and materialize. And then say for a system that is "audit" based you will need competent staff to actually carry out a proper audit on an ongoing basis.

Instead, I feel that what we need now is perhaps something more straight forward and simple. In my mind a system like say.. Amazon's user Feedback system would suffice (for now) and would allow users to post feedback and cumulative score can be maintain. While it will be possible to "game" the system it will still suffice as a source of information for investors.. With a little bit tweaking the scores can be tied to reviewers reputation

Depending on how things pan out, I might be incorporating an asset based user rating system into Blockscan if there a need for such a system..

Cheers

+1

Much of the conversation on that topic was getting very detailed, I agree. It will be important, though, to think ahead so that the system builds incentives in. We can think about how those incentives for participation will build support systems or roles, like the Auditor role.

Also, it is necessary to generate some use cases so that we have a sense for the broad range of asset types that a trust system will want to rate.

What is most important at this point is to begin somewhere with the appropriate "objects." For example, the primary object is probably the asset issuer, and any assets that come from that issuer are derivative objects. In other words, the reputation should be tied to the asset issuer primarily, and derivatively to the assets themselves. This is how eBay and Amazon work, as you point out.

chong ching

newbie

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hi guys,
im trying to run counterpartyd (testnet) on my computer - it used to work just fine, but now i get this error:

File "XXXXXX\lib\site-packages\dateutil\tz.py", line 152, in _isdst
return time.localtime(timestamp+time.timezone).tm_isdst
ValueError: (22, 'Invalid argument')

help will be appreciated Wink

mtbitcoin

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Etherscan.io

Quote from: FrictionlessCoin on June 02, 2014, 10:08:45 AM

Quote from: sparta_cuss on June 02, 2014, 09:48:16 AM

Quote from: FrictionlessCoin on June 02, 2014, 09:34:39 AM

Quote from: Anotheranonlol on June 02, 2014, 09:13:28 AM

Quote from: superresistant on June 02, 2014, 04:51:43 AM

What the fuck is MEAT and CAKE ?

Why is there only 2 assets in XCP ?

Anybody can create assets, there is no central authority to restrict the words you are allowed. These were likely created for testing the creation, issuance and dividend payment portions of counterparty.

As you can see from a trivial check here http://blockscan.com/asset.aspx or on the counterwallet client there are a lot more than 2 assets.

With so many assets... somebody needs to come up with something like a rating agency!

Hmmmm.... what about a distributed decentralized rating component?

Here's a very interesting proposal for just that.
https://forums.counterparty.co/index.php/topic,220.0.html

Indeed interesting that you can't really have assets in a trustless system.

The moment you allow folks to start selling assets, then the sellers and possibly all the other participants of that asset cannot be anonymous. A trust system needs to be available.

Possibly a distributed decentralized trust system is what is needed.

I have gone through some of the proposals and they are very interesting indeed. However, I personally feel that we are getting a bit ahead of ourselves at this point of time. Most of these ideas are quite elaborate and will take quite a bit of resources to successfully fund and materialize. And then say for a system that is "audit" based you will need competent staff to actually carry out a proper audit on an ongoing basis.

Instead, I feel that what we need now is perhaps something more straight forward and simple. In my mind a system like say.. Amazon's user Feedback system would suffice (for now) and would allow users to post feedback and cumulative score can be maintain. While it will be possible to "game" the system it will still suffice as a source of information for investors.. With a little bit tweaking the scores can be tied to reviewers reputation

Depending on how things pan out, I might be incorporating an asset based user rating system into Blockscan if there a need for such a system..

Cheers

Anotheranonlol

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Quote from: FrictionlessCoin on June 02, 2014, 10:08:45 AM

Indeed interesting that you can't really have assets in a trustless system.

The moment you allow folks to start selling assets, then the sellers and possibly all the other participants of that asset cannot be anonymous. A trust system needs to be available.

Possibly a distributed decentralized trust system is what is needed.

Without having a central entity controlling ratings, it becomes a little tricky. One way you could demonstrate some level of trustworthiness for an asset issuer at this moment in time is to use a Bitcoin address you have established positive WoT ratings for (http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System)

http://bitcoin-otc.com/viewratings.php

It can be verified independently, but I believe counterparty can plugin to this if they wished.

Or perhaps something as simple as a signed message in asset description field, confirmed on a separate channel. (like MPUSD did) also may work.

In another example ROCKMINER added JSON feed on their site, linked in counterparty asset description and confirmed listing of the asset here on the forum, the issuer there has already demonstrated they are reputable in the past so the risk was less

Of course any trust system can be gamed/abused somewhat too, just like the ratings system on this forum.

FrictionlessCoin

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Cryptotalk.org - Get paid for every post!

Quote from: sparta_cuss on June 02, 2014, 09:48:16 AM

Quote from: FrictionlessCoin on June 02, 2014, 09:34:39 AM

Quote from: Anotheranonlol on June 02, 2014, 09:13:28 AM

Quote from: superresistant on June 02, 2014, 04:51:43 AM

What the fuck is MEAT and CAKE ?

Why is there only 2 assets in XCP ?

Anybody can create assets, there is no central authority to restrict the words you are allowed. These were likely created for testing the creation, issuance and dividend payment portions of counterparty.

As you can see from a trivial check here http://blockscan.com/asset.aspx or on the counterwallet client there are a lot more than 2 assets.

With so many assets... somebody needs to come up with something like a rating agency!

Hmmmm.... what about a distributed decentralized rating component?

Here's a very interesting proposal for just that.
https://forums.counterparty.co/index.php/topic,220.0.html

Indeed interesting that you can't really have assets in a trustless system.

The moment you allow folks to start selling assets, then the sellers and possibly all the other participants of that asset cannot be anonymous. A trust system needs to be available.

Possibly a distributed decentralized trust system is what is needed.

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 267. (Read 1276789 times)