[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 268.

sparta_cuss

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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

nakaone

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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?

afaik something like that is planned

FrictionlessCoin

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Cryptotalk.org - Get paid for every post!

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?

porqupine

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Activity: 214

Merit: 101

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

Quote from: voldemort628 on June 02, 2014, 09:12:01 AM

what is the point of having Swarm when anyone can just create a "coin" using counterparty protocol.

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)

You can pre-order a 3d printer a half-a-year to a year in advance with a 25% markup and before product reviews?

voldemort628

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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!

Anotheranonlol

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Quote from: voldemort628 on June 02, 2014, 09:12:01 AM

what is the point of having Swarm when anyone can just create a "coin" using counterparty protocol.

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)

Anotheranonlol

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Activity: 588

Merit: 504

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.

voldemort628

full member

Activity: 155

Merit: 100

what is the point of having Swarm when anyone can just create a "coin" using counterparty protocol.

devphp

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Merit: 260

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 ?

you know, when all pizza delivery services are closed for the night, you can always buy some meat and cake with xcp Cheesy

Chang Hum

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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

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.

The chart and key lists:

Open Phase 1 4000 Bitcoin
Open Phase 2 17000 Bitcoin
Indication of interest 500 Bitcoin
Swarm reserves 1000 Bitcoin

Sum: 22500 Bitcoin

20% of 22500 = 4500 (shown on graph as 4000)
68% of 22500 = 15300 (shown on graph as 17000)
4% of 22500 = 900 (shown on graph as 500)
8% of 22500 = 1800 (shown on graph as 1000)

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

hill

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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

Try to persuade me to invest your project in simple words.

superresistant

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What the fuck is MEAT and CAKE ?

Why is there only 2 assets in XCP ?

peled1986

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Merit: 1002

Quote from: fractastical on June 01, 2014, 08:08:00 PM

Quote from: BldSwtTrs on June 01, 2014, 11:09:33 AM

Will Swarm take only BTC, or BTC and XCP for its fundraising system?

At the moment we are planning to take BTC only. This could change if enough people express interest in buying with XCP.

Of course there is an interest in buying with XCP.

fractastical

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Activity: 309

Merit: 250

$Profile photo of fractastical$

Swarm

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

fractastical

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Activity: 309

Merit: 250

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Swarm

Quote from: BitThink on June 01, 2014, 07:59:26 PM

Kickstart provides only gift or early access of products mostly because of legal issues. How swarm overcome this problem? Is crowd funding with equity given out legal now in US?

We put together a whitepaper to address the issues around cryptoequity.: https://docs.google.com/document/d/1qY0GCGKByXc8aeUaHIgggaSGzYjYHKCY0TeLKYt9b3I/edit#

The very short answer is that there are things that are legal, things that are illegal, and that some things that no one knows how they will be treated. We are doing things in both the legal and "no one knows" category.

fractastical

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Swarm

Quote from: BldSwtTrs on June 01, 2014, 11:09:33 AM

Will Swarm take only BTC, or BTC and XCP for its fundraising system?

At the moment we are planning to take BTC only. This could change if enough people express interest in buying with XCP.

BitThink

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Kickstart provides only gift or early access of products mostly because of legal issues. How swarm overcome this problem? Is crowd funding with equity given out legal now in US?

SyRenity

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Activity: 756

Merit: 502

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$=107m$! LOL, that is too much!

While I'm excited to see the new fund coming, what exactly they offering in exchange for these 17K BTC?

hill

member

Activity: 68

Merit: 10

Quote from: BldSwtTrs on June 01, 2014, 10:58:01 AM

Quote from: xnova on June 01, 2014, 10:54:47 AM

We're pleased to announce the release of Swarm on Counterparty. Swarm is building easy-to-use kickstarter-style fundraising on top of Counterparty's asset system, and has some great technology that will soon be released.

For more information, please see the full announcement at: https://www.counterparty.co/swarm-crowdfunding/

Sounds cool!

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

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

jonny1000

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Activity: 129

Merit: 14

Is it possible to have user created subassets, and then have the subassets trade on the decentralized exchange? For example say I create the asset EXAMPLESHOPNAME on Counterparty, could I have EXAMPLESHOPNAME/IPHONEFIVEBRANDNEW and EXAMPLESHOPNAME/ONEOUNCEOFSILVER, such that if I have the private key for EXAMPLESHOPNAME I could control all the subassets. This would be somewhat analogous to subdomains and could enable the following features and probably many more I cannot think of:

Multiple items for sale at one online shop
Different share/debt classes
Different product versions (e.g. EXAMPLESHOPNAME/IPHONE/FIVE/NEW)

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 268. (Read 1276789 times)