Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 283. (Read 1276789 times)
May 06, 2014, 12:30:12 AM
How fast is the confirmation of XCP... is it tied to the 10 minutes confirmation of BTC?
May 06, 2014, 12:26:14 AM
I think all XCP's should be re-burnt and replaced with a shared ownership of some of kind of fee structure within the system (then dividends can be paid to shareholders). XCP's are a pretty pointless design element of the system (unless someone can explain otherwise) and there doesn't seem to be any element in the system to provide financial incentives in any way.
I disagree.
XCP's are necessary tools for using the Counterparty platform.
They don't need to provide any "incentives".
As someone mentioned in another comment to this idea, once people start using Counterparty, there will be demand for the only means of using this platform, and that is XCP.
May 05, 2014, 03:45:42 PM
Counterparty Digital Asset company DigitalTangibleTrust makes Business Insider's Article:
"10 Most Promising Startups Building Stuff with Blockchain Technology"
http://www.businessinsider.com/10-most-promising-blockchain-companies-2014-5
"10 Most Promising Startups Building Stuff with Blockchain Technology"
http://www.businessinsider.com/10-most-promising-blockchain-companies-2014-5
Congratulations! Nice exposure.
I like that I can say, "Hey, I sorta know those guys."
Edit: How did BI hear about your project?
Thanks. We were quite surprised ourselves as we're laboring here in obscurity on our side. However, we're happy that someone took notice. Our 15 seconds of fame.
May 05, 2014, 01:11:38 PM
Counterparty Digital Asset company DigitalTangibleTrust makes Business Insider's Article:
"10 Most Promising Startups Building Stuff with Blockchain Technology"
http://www.businessinsider.com/10-most-promising-blockchain-companies-2014-5
"10 Most Promising Startups Building Stuff with Blockchain Technology"
http://www.businessinsider.com/10-most-promising-blockchain-companies-2014-5
Congratulations! Nice exposure.
I like that I can say, "Hey, I sorta know those guys."
Edit: How did BI hear about your project?
May 05, 2014, 12:02:37 PM
After the Ethereum Meetup Robby had an impromptu whiteboard discussion with interested developers. Robby will be creating a technical video series which will give entrepreneurs the information they need to build on Counterparty's platform.
https://www.bitcoinregime.com/2014/05/05/counterparty-co-tech-overview-by-robby-dermody/
https://www.bitcoinregime.com/2014/05/05/counterparty-co-tech-overview-by-robby-dermody/
May 05, 2014, 11:00:00 AM
Counterwallet testnet (testnet.counterparty.co) should be back up and working properly.
May 05, 2014, 10:40:00 AM
I think all XCP's should be re-burnt and replaced with a shared ownership of some of kind of fee structure within the system (then dividends can be paid to shareholders). XCP's are a pretty pointless design element of the system (unless someone can explain otherwise) and there doesn't seem to be any element in the system to provide financial incentives in any way.
The main price driver and use case for XCP is binary and complex betting as XCP is the only currency that can be escrewed. When betting functionality goes live in Counterwallet and feed sites pop up, the price of XCP will increase.
I understand myself as a small venture capitalist in the cryptoworld. this project has by far the funniest market valueation. AFAIK at least 3 people (you, xnova and phantomfreak) are working full time on this project, jahpowerbit and cityglut at least half-time (I think jah also full-time), there is much progress been made and some real-world projects are growing. counterwallet has unique features and xcp is the only currency which can be used for escrow and betting (although complicated). This project never stucked due to money reasons - even some of the most known guys in the bitcoin-sphere (peter and sergio) were hired to check the code, the developers have shown a very high level of coding skills as well as high intellectual capabilities - and the price does one thing: it goes down all the time and even losing with regard to other cryptocurrencies.
I am in 6-8 Projects where prices at least make some sense, one also was massively undervalued and corrected over the last weeks. I do not even know why I write this down and not simply buy more - but either me is stupid or this complete market is stupid. Anyway PLEASE KEEP THIS HIGH QUALITY OF WORK and do not care for the price. Prices are not always an indicator of quality. Let me know if I can help you.
btw which was the project that corrected? what do you think was the reason(s) for the correction?
May 05, 2014, 09:39:43 AM
Counterparty Digital Asset company DigitalTangibleTrust makes Business Insider's Article:
"10 Most Promising Startups Building Stuff with Blockchain Technology"
http://www.businessinsider.com/10-most-promising-blockchain-companies-2014-5
"10 Most Promising Startups Building Stuff with Blockchain Technology"
http://www.businessinsider.com/10-most-promising-blockchain-companies-2014-5
May 05, 2014, 08:45:57 AM
Thanks Romerun
May 05, 2014, 08:28:56 AM
Crossposting an interview of PhantomPhreak - https://forums.counterparty.co/index.php?topic=313.99999
May 05, 2014, 04:25:02 AM
I think all XCP's should be re-burnt and replaced with a shared ownership of some of kind of fee structure within the system (then dividends can be paid to shareholders). XCP's are a pretty pointless design element of the system (unless someone can explain otherwise) and there doesn't seem to be any element in the system to provide financial incentives in any way.
The main price driver and use case for XCP is binary and complex betting as XCP is the only currency that can be escrewed. When betting functionality goes live in Counterwallet and feed sites pop up, the price of XCP will increase.
Sounds interesting, looking forward to these functions. I thought all user created Assets could be escrowed?
Yes, but they require trusting other parties unlike XCP and BTC. Here're pros and cons if an asset is traded against:
* BTC - good liquidity, but the friction is it can't be escrowed, with counterwallet autopay, each trade might take hours to complete, and the BTC fee required makes things more confused
* XCP denominated currency such as XBTC and whatnot - the friction is removed, but participants have to trust another party
* XCP - no friction, trustless, but still low liquidity, only good for a small asset for now
In the long run, once XCP liquidity and marketcap improve, it's best to trade against XCP.
So, that gives the value of XCP for DEx.
May 05, 2014, 03:55:29 AM
I think all XCP's should be re-burnt and replaced with a shared ownership of some of kind of fee structure within the system (then dividends can be paid to shareholders). XCP's are a pretty pointless design element of the system (unless someone can explain otherwise) and there doesn't seem to be any element in the system to provide financial incentives in any way.
The main price driver and use case for XCP is binary and complex betting as XCP is the only currency that can be escrewed. When betting functionality goes live in Counterwallet and feed sites pop up, the price of XCP will increase.
Sounds interesting, looking forward to these functions. I thought all user created Assets could be escrowed?
May 05, 2014, 03:00:45 AM
What you think if donating for everyone MIT students or some else about same place XCP:s? Now every MIT students are getting $100 bitcoins what there is coming? What if we give to same peoples 10 xcp per everyone?
Not sure that's necessary, but a good idea would be to have presentations to the students there, make sure they are aware of the potential that counterparty brings.
May 04, 2014, 10:55:55 PM
What you think if donating for everyone MIT students or some else about same place XCP:s? Now every MIT students are getting $100 bitcoins what there is coming? What if we give to same peoples 10 xcp per everyone?
that's an excellent idea
May 04, 2014, 10:39:08 PM
Whats the best way to find out the daily trading volume of the various assets on the decentalized exchange?
to keep track of the overall activity on the dex and to track the trading activity of various assets?
to keep track of the overall activity on the dex and to track the trading activity of various assets?
May 04, 2014, 07:36:46 PM
What you think if donating for everyone MIT students or some else about same place XCP:s? Now every MIT students are getting $100 bitcoins what there is coming? What if we give to same peoples 10 xcp per everyone?
Or we could give 69 XCP to each and every street whore. That would make it into the news!
Different coins/things have different plan and strategy....
May 04, 2014, 06:39:46 PM
What you think if donating for everyone MIT students or some else about same place XCP:s? Now every MIT students are getting $100 bitcoins what there is coming? What if we give to same peoples 10 xcp per everyone?
Or we could give 69 XCP to each and every street whore. That would make it into the news!
May 04, 2014, 05:42:22 PM
What you think if donating for everyone MIT students or some else about same place XCP:s? Now every MIT students are getting $100 bitcoins what there is coming? What if we give to same peoples 10 xcp per everyone?
May 04, 2014, 04:39:31 PM
I think all XCP's should be re-burnt and replaced with a shared ownership of some of kind of fee structure within the system (then dividends can be paid to shareholders). XCP's are a pretty pointless design element of the system (unless someone can explain otherwise) and there doesn't seem to be any element in the system to provide financial incentives in any way.
The main price driver and use case for XCP is binary and complex betting as XCP is the only currency that can be escrewed. When betting functionality goes live in Counterwallet and feed sites pop up, the price of XCP will increase.
I understand myself as a small venture capitalist in the cryptoworld. this project has by far the funniest market valueation. AFAIK at least 3 people (you, xnova and phantomfreak) are working full time on this project, jahpowerbit and cityglut at least half-time (I think jah also full-time), there is much progress been made and some real-world projects are growing. counterwallet has unique features and xcp is the only currency which can be used for escrow and betting (although complicated). This project never stucked due to money reasons - even some of the most known guys in the bitcoin-sphere (peter and sergio) were hired to check the code, the developers have shown a very high level of coding skills as well as high intellectual capabilities - and the price does one thing: it goes down all the time and even losing with regard to other cryptocurrencies.
I am in 6-8 Projects where prices at least make some sense, one also was massively undervalued and corrected over the last weeks. I do not even know why I write this down and not simply buy more - but either me is stupid or this complete market is stupid. Anyway PLEASE KEEP THIS HIGH QUALITY OF WORK and do not care for the price. Prices are not always an indicator of quality. Let me know if I can help you.
Thank you for the kind words. Will will have updates and an easier road to involvement for active community members such as yourself coming up shortly.
May 04, 2014, 04:38:01 PM
Prime opportunity for CounterParty
Thank you, we are reaching out.
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