Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 287. (Read 1276789 times)

I would be happy to donate even a big amount of my stake if I know everyone else does so it actually has an effect.

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   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                                      
0.0001 (real value, pre ipo)                    1.7                                                       252645135                                         40700%
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

Edited to change real value (missed a .0) as explained here: https://bitcointalk.org/index.php?topic=395761.7860

It's built into both the sidechain-BTC and mainnet-BTC.  If you have 1 sidechain BTC, it will always be redeemable for 1 mainnet BTC directly through the transfer process.

That would dilute the value of XCP, we would all lose money, and that would be disastrous for the trust in the coin.

We might as well give directly our XCP to the devs, at least that would save us the reputation to be the only coin which increase its money supply on a whim.

hello 
     
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    thank you!

Hi halfcab123

Thanks for what you did for the Counterparty project.

personally i don't agree with this idea  "issue a  new coin for marketing Fund" .

because i think the reputation is very important for  Counterparty ,Counterparty is building the A PEER-TO-PEER FINANCIAL PLATFORM.  Not like other coins.

We all knew the Counterparty project isn't short-term project and they are trying to make sure that selected media outlets will be approaching their strategically to help ensure Counterparty get a positive result.

example  :DOGECOIN had a very good marketing strategic but i don't think that plan is good for the Counterparty.

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.

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.

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

Product and Service Updates April 29, 2014
Our mission is to digitize all valuable assets into the Counterparty platform and to build a trustless, yet reputable service that delivers unmatched ability to access asset markets, globally.

BitcoinTangibleTrust changes to DigitalTangibleTrust
We've changed our name and our website. We are now Digital Tangible Trust and we have soft-launched our updated website today. You may visit our new site at http://www.digitaltangibletrust.com.

For those who don't know us, we currently have digitized over $17,000 in precious metals assets on Counterparty in just 1 month.

we still have much work to do to help explain and educate the market about our value proposition. Thanks for the feedback from Matt Y and led_cd for the directions. We have more to come!


New Product: Netagio's Gold Bullion Coin
We now accept Gold Bullion purchases of 100g Swiss Gold into Counterparty Gold Bullion Coins with Netagio. You may read more about our partnership with Netagio here: http://www.digitaltangibletrust.com/blog/


The DigitalTangibleTrust Team
We are powered by XCP!
Cross Posted to Counterparty Forums: https://forums.counterparty.co/index.php/topic,203.0.html

What's the latest on XCP IPOs?

I don't think you mean masterxchange above (one of the wallets probably).

Although only a Bitcoin address is required to create a log of a fundraiser (mastercoin, counterparty) Mastercoin said their system couldn't accept Bitcoin and created a convoluted system of loaning mastercoin as a means to get round this non-existent problem!! this was part of a scheme to sell around 20% of all mastercoins in existence which had to be purchased on the free market in order for their software to work! (reason for the price move to 0.2 for which they created a BS excuse to explain!).

Counterpartys not just ahead of the game in software it's also ahead because if a company wants to distribute assets they don't have to start purchasing most of the XCP in existence or have that niggling worry perhaps people might not want to sell!!

Maidsafe have given two-thirds of the maidsafecoin pie to mastercoin holders in return for $50000 worth of mastercoins (total market depth), and one third to Bitcoin holders for $3000000 doesn't make sense.

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Also be careful of Omni it's pre-alpha and a quote from this blog says the private keys are held on their server in plain text http://bitcoinpete.com/2014/04/16/ex-post-toronto-bitcoin-expo/

A couple of boys from Alabama under the “BitStore” banner found a way to upload an iOS app without submitting it to Apple’s App Store, effectively cracking the cartel and opening the ecosystem to Android-like development. This was less interesting than the insight from one of the BitStore guys who audited the code of OmniWallet, a Mastercoin web wallet that was shamelessly pumped all weekend despite being in “pre-alpha,” and found that OmniWallet stores user info and private keys unencrypted in plain text on its servers, making OmniWallet a Flexcoin waiting to happen. [↩]

This was a topic of much discussion.
Many believe the developers of maidsafe must have held a large stake of MSC or at least knew someone who did which allowed them to design the IPO in a way so as to profit the most.

Someone definitely profited off of the poorly thought out (or maybe it was greatly thought out, for profit) IPO.

If you invested via MSC you received a much higher stake than if you invested via BTC.

Regarding why mastercoin hasn't accomplished much I can only speculate. According to one of the last newsletters the developer was being limited in the amount of hours he could work on the project by his wife.

What this means is that all though they had a surplus of funding, not much of it was being spent because of his limited availability.
That changed a little while ago when the developer decided to leave his university program to develop for MSC full time about half a year ago (as can be seen by the increase in production lately).
Fortunately counterparty has a great team of developers so there is not that one central point of failure.

I just want to say that I got some maidsafecoins.. and I'm definitely excited about the concept.. Mastercoin has tons of wallets, and so far my experience has been.. in all honesty, that all I can imagine is using Counterparty instead of Mastercoin for maidsafe This is an incredibly big problem Mastercoin has on its hands.. I tried using omniwallet to send my maidsafe to masterxchange (because masterxchange doesn't allow importiing private keys) ..ridiculous. omniwallet does.. and gets error messages when trying to send ... It's been nightmarish.

However one thing I've see quite clearly.. is that Counterparty is very much ahead of the game.

With all of Mastercoins hype, funding, etc., how is it that they couldn't manage to get working products? And why in the hell are they holding crowdfunding on top of things that don't even work yet. 

what's with the fluctuations on previously filled orders? bids and asks always jumping round too but low volume

I think there is a colors function problem on Counterparty forums when i trying to highlight some words.

This betting function is nice if get working with webwallet really easy before World Cup.

I look list of all crypto topic and XCP is not listed there.

https://bitcointalksearch.org/topic/list-of-all-cryptocoins-134179
https://bitcointalksearch.org/topic/m.6443788

Correct me if I'm wrong, but Counterparty can only brodcast a binary outcome, not a Team1 won/ Team2 won / Draw game outcome. This could work for the second stage (tournament style with direct elimination) but not for the group stage where draws are allowed. Or in case of a draw at group stage, the feeder could cancel the bet, and return the wagered XCP to everyone (a workaround but a bit strange IMO)

Actually I'm wrong, according to this wiki page https://wiki.counterparty.co/w/Enhanced_Feed_Info_in_Counterwallet, a draw can be listed.

Anyway, this could be a great PR for XCP if the interface is noob firendly on counterwallet !

No need to wait that long, ucl semi tomorrow/and the day after, league games at end of season are heated, we just need the support from counterwallet to make it easier to access, and a solid organizer/feeder.

Agreed, having an easy to use interface on the web wallet to create, manage and participate in betting will be absolutely huge for CP.