[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 286.

TheMightyX

sr. member

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Vires in Numeris

Quote from: bitcoinrocks on April 30, 2014, 09:06:54 AM

Quote from: halfcab123 on April 29, 2014, 06:26:04 PM

IDEA for CityGlut, Xnova, and Matt Y.

Why not issue a secondary token on Counterparty like XCP, but this time hold a crowdfund, so that the funds are not burned but collected, and then launch a marketing missile built with those monies. I would say aim to raise 2,000 BTC. This entire community including other communities has nothing but trust for this project and its initiators. Word has gotten well around, that there is no greed at the foundation here.

I'm not sure of the specifics, but something could be issued that might be pegged with something else at a later date ? Or devise something to give incentive to investors.. its very possible.

This gave me an idea, but then again I don't have the clear understanding of Counterparty that many here have, so maybe this is silly or redundant.

How about issuing a Counterparty asset (XCPNOW?) which uses half of its invested funds to market or otherwise benefit Counterparty and half to buy XCP. The fact that the XCPNOW organization holds half of its invested funds in XCP would give its shares some intrinsic value. Besides benefiting Counterparty, this would be a good way to demonstrate and show off the asset system and let people gain some experience with it. Buying XCP directly would have more potential for profit, so half of this investment would essentially be a donation.

Since no one bit into this I guess I will so it doesn't get lost in the shuffle.

This actually has some interesting implications.
It doesn't really differ from just buying 50% of XCP and donating the other 50% though.

I'm working on something that is similar to this that will benefit everyone in the counterparty community and you've given me a great idea.

More on this later.

Janitor

newbie

Activity: 47

Merit: 0

Quote from: mishax1 on April 30, 2014, 07:01:58 AM

Even after it got on Poloniex most of the investors couldn't use send thair xcp..

Stop spewing nonsense.

You could simply send in money to the burn-in address from a blockchain.info wallet. You didn't have to use any Counterparty s/w.

Disc.: I was late to participate in XCP IPO but I bought some on the open market later.

new@_crypto_mining

newbie

Activity: 6

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Quote from: porqupine on May 01, 2014, 05:59:51 AM

You can always cd into your counterpartyd directory and git pull origin master

thank you for your help.

I went ahead and changed the path (added C:python32 to it) and that worked for me.

didn't get to try it your way but I am sure that would have worked to.

Spoetnik

legendary

Activity: 1540

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FUD Philanthropist™

Quote from: Spratan on April 30, 2014, 12:49:46 PM

XCP has its first cloned coin : Chancecoin
https://bitcointalksearch.org/topic/anncha-chancecoin-supernet-core-coin-for-betting-in-a-decentralized-casino-528023
Sign of reconnaissance and maturity for XCP !

Any technical thought ? Can Counterparty do strictly the same (or better) with its betting function ?

i think Poloniex calls those descendents not clones hahaaa
(as they said on their main page twitter recently)

and XCP Ghost recon ? git them in the night when their sleeping Cool

yayaya ya clones are great ...Free Market blah blah blah Roll Eyes

porqupine

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You can always cd into your counterpartyd directory and git pull origin master

new@_crypto_mining

newbie

Activity: 6

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what is the command to run to update xcp on windows?

in Linux I use: 'python setup.py update' (while I am in the counterpartyd-build dir)

it does not work in windows, nor does 'python3 setup.py update'

frozen123

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Activity: 74

Merit: 10

Quote from: kelvin123 on April 30, 2014, 01:07:20 PM

Quote from: halfcab123 on April 29, 2014, 05:38:17 PM

Quote from: kelvin123 on April 29, 2014, 05:19:35 PM

Hi Guys,

I have a question, I bought 200 xcp before and the guy sent to my blockchain bitcoin address. Now I want to sell them all. Can somebody tell me how to transfer them to some exchange platform and sell them?

Thanks

Create new wallet on Counterwallet.co and then import your private key for your address you burned from (Bitcoin QT format) seems to work fine. You also want to make sure that the address you burned from has about 0.001 BTC on it. Open a BTER.com account and generate an XCP address, send XCP from counterwallet.co to BTER and then sell there. (Only reason I wouldn't suggest selling via counterwallet.co is that the volume seems to be low, however correct me if I'm wrong, 200xcp might be a small enough amount to sell directly from counterwallet.co exchange.

Thank you! I just import 200xcp to the wallet in Counterwallet.co. And instead of using BTER, i created a XCP address in Poloniex, and send XCP from counterwallet.co to Poloniex. But it has been two hours now since i sent, i still haven't received the 200 xcp in Poloniex from counterwallet.co. Can you tell me how long it takes for the transaction of xcp? From counterwallet, it showed the transaction had succeeded and the xcp there had been sent and the balance is 0 now.

Poloniex has their own mechanism for xcp(some parts are not automatic) I think wait until tomorrow and you problem will be solved.

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: mishax1 on April 30, 2014, 06:28:58 AM

Hey.. do you remember XCP's IPO ? where only a small % of investors could actually use/move XCP with the super complex counetparyd installation allowing only the devs&freinds and other several people who could actually figure out how to sell them to dump them on the market making huge amounts of BTC for a high price, leaving the rest (most) investors watching how "their" recently bought XCP being sold at 1000% profit and not being able to do anything about it because they couldn't get the software to work.
Nobody's perfect.

It's not an IPO when no money is raised.

nakaone

hero member

Activity: 742

Merit: 500

Quote from: Spratan on April 30, 2014, 12:49:46 PM

XCP has its first cloned coin : Chancecoin
https://bitcointalksearch.org/topic/anncha-chancecoin-supernet-core-coin-for-betting-in-a-decentralized-casino-528023
Sign of reconnaissance and maturity for XCP !

Any technical thought ? Can Counterparty do strictly the same (or better) with its betting function ?

non-technical thought. It cannot do the same (correct me if wrong) because in xcp you bet peer to peer. on cha you roll against the house, which is basically all stakeholders. so xcp peer to peer betting, cha betting against the "casino".

from a non-technical perspective I like the idea, still needs massive improvements, it is more like an extension of xcp with a different function. Anyway I would like if it would be possible to trade xcp for cha and vice versa on the distributed exchange. You can already trade cha against btc in a distributed way.

Disclaimer: I hold a little stack in cha.

kelvin123

newbie

Activity: 6

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Quote from: halfcab123 on April 29, 2014, 05:38:17 PM

Quote from: kelvin123 on April 29, 2014, 05:19:35 PM

Hi Guys,

I have a question, I bought 200 xcp before and the guy sent to my blockchain bitcoin address. Now I want to sell them all. Can somebody tell me how to transfer them to some exchange platform and sell them?

Thanks

Create new wallet on Counterwallet.co and then import your private key for your address you burned from (Bitcoin QT format) seems to work fine. You also want to make sure that the address you burned from has about 0.001 BTC on it. Open a BTER.com account and generate an XCP address, send XCP from counterwallet.co to BTER and then sell there. (Only reason I wouldn't suggest selling via counterwallet.co is that the volume seems to be low, however correct me if I'm wrong, 200xcp might be a small enough amount to sell directly from counterwallet.co exchange.

Thank you! I just import 200xcp to the wallet in Counterwallet.co. And instead of using BTER, i created a XCP address in Poloniex, and send XCP from counterwallet.co to Poloniex. But it has been two hours now since i sent, i still haven't received the 200 xcp in Poloniex from counterwallet.co. Can you tell me how long it takes for the transaction of xcp? From counterwallet, it showed the transaction had succeeded and the xcp there had been sent and the balance is 0 now.

Spratan

hero member

Activity: 689

Merit: 507

XCP has its first cloned coin : Chancecoin
https://bitcointalksearch.org/topic/anncha-chancecoin-supernet-core-coin-for-betting-in-a-decentralized-casino-528023
Sign of reconnaissance and maturity for XCP !

Any technical thought ? Can Counterparty do strictly the same (or better) with its betting function ?

mishax1

legendary

Activity: 2898

Merit: 1017

Quote from: led_lcd on April 30, 2014, 09:25:33 AM

Quote from: mishax1 on April 30, 2014, 06:28:58 AM

Hey.. do you remember XCP's IPO ? where only a small % of investors could actually use/move XCP with the super complex counetparyd installation allowing only the devs&freinds and other several people who could actually figure out how to sell them to dump them on the market making huge amounts of BTC for a high price, leaving the rest (most) investors watching how "their" recently bought XCP being sold at 1000% profit and not being able to do anything about it because they couldn't get the software to work.
Nobody's perfect.

If you want to make a comparison, make one that states a valid point.

The IPO and everything leading up to the listing of XCP on Poloniex was open.

The burn process for the IPO was not a complex process. The price magnification that occurred when XCP was first listed on Poloniex is due to the illiquidity of a newly created market and would have occurred with the way it was launched irrespective of any technical difficulties in sending XCP. People who sent XCP to Poloniex when it opened to XCP trading took a risk to trade opportunistically on a newly opened market. There was no guarantee of any set price.

You are comparing this to something which at best is bad business or at worst collusion? Is "Nobody's perfect" a legitimate form of legal defence?

How's that for legal defense ?

.............../´¯/)
............,/¯../ /
.........../..../ /
...../´¯/'...'/´¯¯.`·¸
../'/.../..../.....:^.¨¯\
('(...´...´.... ¯_/'...'/
.\.................'...../
..'\'...\.......... _.·´
....\..............(
.?..\.............\

led_lcd

sr. member

Activity: 262

Merit: 250

Quote from: mishax1 on April 30, 2014, 06:28:58 AM

Hey.. do you remember XCP's IPO ? where only a small % of investors could actually use/move XCP with the super complex counetparyd installation allowing only the devs&freinds and other several people who could actually figure out how to sell them to dump them on the market making huge amounts of BTC for a high price, leaving the rest (most) investors watching how "their" recently bought XCP being sold at 1000% profit and not being able to do anything about it because they couldn't get the software to work.
Nobody's perfect.

If you want to make a comparison, make one that states a valid point.

The IPO and everything leading up to the listing of XCP on Poloniex was open.

The burn process for the IPO was not a complex process. The price magnification that occurred when XCP was first listed on Poloniex is due to the illiquidity of a newly created market and would have occurred with the way it was launched irrespective of any technical difficulties in sending XCP. People who sent XCP to Poloniex when it opened to XCP trading took a risk to trade opportunistically on a newly opened market. There was no guarantee of any set price.

You are comparing this to something which at best is bad business or at worst collusion? Is "Nobody's perfect" a legitimate form of legal defence?

bitcoinrocks

legendary

Activity: 1372

Merit: 1000

Quote from: halfcab123 on April 29, 2014, 06:26:04 PM

IDEA for CityGlut, Xnova, and Matt Y.

Why not issue a secondary token on Counterparty like XCP, but this time hold a crowdfund, so that the funds are not burned but collected, and then launch a marketing missile built with those monies. I would say aim to raise 2,000 BTC. This entire community including other communities has nothing but trust for this project and its initiators. Word has gotten well around, that there is no greed at the foundation here.

I'm not sure of the specifics, but something could be issued that might be pegged with something else at a later date ? Or devise something to give incentive to investors.. its very possible.

This gave me an idea, but then again I don't have the clear understanding of Counterparty that many here have, so maybe this is silly or redundant.

How about issuing a Counterparty asset (XCPNOW?) which uses half of its invested funds to market or otherwise benefit Counterparty and half to buy XCP. The fact that the XCPNOW organization holds half of its invested funds in XCP would give its shares some intrinsic value. Besides benefiting Counterparty, this would be a good way to demonstrate and show off the asset system and let people gain some experience with it. Buying XCP directly would have more potential for profit, so half of this investment would essentially be a donation.

porqupine

full member

Activity: 214

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Quote from: mishax1 on April 30, 2014, 06:28:58 AM

Hey.. do you remember XCP's IPO ? where only a small % of investors could actually use/move XCP with the super complex counetparyd installation allowing only the devs&freinds and other several people who could actually figure out how to sell them to dump them on the market making huge amounts of BTC for a high price, leaving the rest (most) investors watching how "their" recently bought XCP being sold at 1000% profit and not being able to do anything about it because they couldn't get the software to work.
Nobody's perfect.

The super complex installation you refer to involved running a build script, and using a command line to set the send destination, amount, source and asset ? The former obviously has nothing to do with the dev's - since anybody could do it.
Of course burning Bitcoins on the same footing as your average-Joe was a shameless way for the dev's to take advantage of the community. Do you even understand what you're saying? If anything it was fair to the point of stupidity.

mishax1

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Quote from: ?? on ??

Quote from: mishax1 on April 30, 2014, 06:28:58 AM

Hey.. do you remember XCP's IPO ? where only a small % of investors could actually use/move XCP with the super complex counetparyd installation allowing only the devs&freinds and other several people who could actually figure out how to sell them to dump them on the market making huge amounts of BTC for a high price, leaving the rest (most) investors watching how "their" recently bought XCP being sold at 1000% profit and not being able to do anything about it because they couldn't get the software to work.
Nobody's perfect.

Dump them on what market? buyers had to go through the same process so there was no real market Huh

Because I have 1000000 widgets and I sell a widget to a friend for $1, it doesn't mean the market for my widgets now becomes $1000000!

Even after it got on Poloniex most of the investors couldn't use send thair xcp..

mishax1

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Activity: 2898

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Hey.. do you remember XCP's IPO ? where only a small % of investors could actually use/move XCP with the super complex counetparyd installation allowing only the devs&freinds and other several people who could actually figure out how to sell them to dump them on the market making huge amounts of BTC for a high price, leaving the rest (most) investors watching how "their" recently bought XCP being sold at 1000% profit and not being able to do anything about it because they couldn't get the software to work.
Nobody's perfect.

Chang Hum

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Activity: 714

Merit: 502

Quote from: mishax1 on April 30, 2014, 06:02:07 AM

Quote from: Chang Hum on April 30, 2014, 12:29:22 AM

I think it's worth noting for the devs here that Mastercoins business model is inherently floored and unattractive to anyone looking to issue digital tokens. The table below shows what % of the entire free market Huh

of Mastercoins have to be purchased in order to have a succesful asset issuance.

It also means that by their model they have to fix the price depending on how many assets are to be issued, and significant value is lost from the investment pool into the hands of Mastercoin holders.

Mastercoin Price Madesafe per Mastercoin Mastercoin required for IPO %of mastercoin in existance
0.001 (real value, pre ipo) 17 25264513 4000%
0.06 (maidsafe move price 1) 1020 421075 68% (lol)
0.08 (maidsafe move price 2) 1360 315806 51%
0.2 (crowdsource incentive price) 3400 126322 20%

Maths for madesafe per Mastercoin = Bitcoin conversion price*Mastercoin price
Maths for mastercoin required for IPO = 429496729.6(maidsafe issued)/madesafe per mastercoin
Maths for % of mastercoin in existence = (mastercoin required for IPO/619478.6(mastercoin exist))*100

"0.001 (real value, pre ipo)"

It was actually 0.01

0.001 was XCP's IPO price

Whoops missed a .0 out!!

Somethings only worth what you can sell it for. The entire buy side of Masterxchange was $26000. 26000/429496729 = 0.00006, which I rounded up to 0.0001

So at a rate of 0.00006 Mastercoins wouldn't have been diluting Bitcoins in the same way (Also this would have been impossible as per the table above, would have required more mastercoin than exist).

Since the IPO the speculative value of Mastercoins have increased and the current value in relation to this IPO is 0.0001

mishax1

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Quote from: Chang Hum on April 30, 2014, 12:29:22 AM

I think it's worth noting for the devs here that Mastercoins business model is inherently floored and unattractive to anyone looking to issue digital tokens. The table below shows what % of the entire free market Huh

of Mastercoins have to be purchased in order to have a succesful asset issuance.

It also means that by their model they have to fix the price depending on how many assets are to be issued, and significant value is lost from the investment pool into the hands of Mastercoin holders.

Mastercoin Price Madesafe per Mastercoin Mastercoin required for IPO %of mastercoin in existance
0.001 (real value, pre ipo) 17 25264513 4000%
0.06 (maidsafe move price 1) 1020 421075 68% (lol)
0.08 (maidsafe move price 2) 1360 315806 51%
0.2 (crowdsource incentive price) 3400 126322 20%

Maths for madesafe per Mastercoin = Bitcoin conversion price*Mastercoin price
Maths for mastercoin required for IPO = 429496729.6(maidsafe issued)/madesafe per mastercoin
Maths for % of mastercoin in existence = (mastercoin required for IPO/619478.6(mastercoin exist))*100

"0.001 (real value, pre ipo)"

It was actually 0.01

0.001 was XCP's IPO price

nakaone

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Activity: 742

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Quote from: TheMightyX on April 30, 2014, 03:36:11 AM

Quote from: Chang Hum on April 30, 2014, 12:29:22 AM

I think it's worth noting for the devs here that Mastercoins business model is inherently floored and unattractive to anyone looking to issue digital tokens. The table below shows what % of the entire free market Huh

of Mastercoins have to be purchased in order to have a succesful asset issuance.

It also means that by their model they have to fix the price depending on how many assets are to be issued, and significant value is lost from the investment pool into the hands of Mastercoin holders.

Mastercoin Price Madesafe per Mastercoin Mastercoin required for IPO %of mastercoin in existance
0.001 (real value, pre ipo) 17 25264513 4000%
0.06 (maidsafe move price 1) 1020 421075 68% (lol)
0.08 (maidsafe move price 2) 1360 315806 51%
0.2 (crowdsource incentive price) 3400 126322 20%

Maths for madesafe per Mastercoin = Bitcoin conversion price*Mastercoin price
Maths for mastercoin required for IPO = 429496729.6(maidsafe issued)/madesafe per mastercoin
Maths for % of mastercoin in existence = (mastercoin required for IPO/619478.6(mastercoin exist))*100

I already knew about this,
But seeing it put in a nice little chart like that really pisses me off.
It's hard to know what to think. I've been following maidsafe for years, and I would like to think the developers wear white hats.
Maybe more like grey hats now...

it is of course a fishy market manipulation, but why do we even care? I even do not see a reason why maidsafe wouldn't work with bitcoins as native currency, I think storj is doin basically the same with bitcoin as native currency.
I think the maidsafe guys are new in the cryptocurrency area and were interconnected with david johnston before. He is a supporter of mastercoin and wanted to set an incentive for buying or using mastercoin. The funding did not work out that well and so some people are angry. But no one was forcing you to participate on this scheme. Anyway we can learn a lot from this and that said I really like that counterparty is trying to grow organically.

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 286. (Read 1276936 times)