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Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 291. (Read 1276936 times)

legendary
Activity: 1120
Merit: 1000
Thank you to both the white hat and the devs. My 12.5 BTC have been restored. I am IMMENSELY grateful.

Devs: Actions like yours (intending to reimburse losses from your own pockets, before the white hat came forward) demonstrate amazing integrity and show great promise for the future of this protocol!
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.

1) I saw the "creating an asset" clip. I noticed that dividends can be paid with any currency and not just XCP. what was the reasoning behind this? it would seem that this can be a legitimate area for creating an exclusive need and use for xcp.
 

I guess dividend paid as BTC is not on the protocol level, but grabbing the addresses from the protocol and sendmany to them, thus might ended up with higher transaction fee, and no record on blockscan,

dividend paid as an asset, for example XBTC, requires trusting 3rd party

so ideally dividend should be paid in XCP, but due to volatility and market depth as the current stage, it's might not be suitable for a good size company
full member
Activity: 210
Merit: 100
Also, since the funds were returned (great!), please use my donation for the marketing fund. TY
full member
Activity: 210
Merit: 100
Dev's: a few questions please:

1) I saw the "creating an asset" clip. I noticed that dividends can be paid with any currency and not just XCP. what was the reasoning behind this? it would seem that this can be a legitimate area for creating an exclusive need and use for xcp.

2) what (if at all) is in your view the potential affect of side chains on the CP future plans and development. Assuming that the potential security and implementation flaws in that are solved, and it is launched by the end of say 2014?

3) what is the road map for enabling XCP exclusive uses on the CP platform?

4) Are you for example planning to create actual real world samples of XCP exclusive advanced applications (such as advanced financial products and betting applications) or is your role expected to exclusively provide tools for entrepreneurs to go ahead  (or not) and use the platform for development of such products? or is it a combination of both?
 
hero member
Activity: 784
Merit: 500
What does it mean if an order match is expired?
The order duration is determined by an amount of yet to be mined blocks. Expired = amount of blocks has been reached without execution/match.

Order match expired means:

* There was an "order match" between 2 orders
* One order involved the payment of BTC
* The side that was supposed to pay BTC did not do so within the required timeframe after the order match

Therefore the "order match" expired.

Do I need to manually approve a transaction? I thought if there is a buy order higher than my sell order, it gets executed automatically.



By default, Counterwallet handles the last step itself, but only if you remain logged in.

Otherwise it expires?

Does this mean that if I create an order selling 100 XCP for 0.005 BTC each and I log out for a week, my order won´t get executed if someone creates a 100 XCP buy order for 0.005 BTC each?

Only the person selling the BTC needs to remain logged in, but yes.

I'm confused. Is the relevant issue that it's BTC that is being sold? Or does the seller of any asset need to remain logged in?  
What does it mean if an order match is expired?
The order duration is determined by an amount of yet to be mined blocks. Expired = amount of blocks has been reached without execution/match.

Order match expired means:

* There was an "order match" between 2 orders
* One order involved the payment of BTC
* The side that was supposed to pay BTC did not do so within the required timeframe after the order match

Therefore the "order match" expired.

Do I need to manually approve a transaction? I thought if there is a buy order higher than my sell order, it gets executed automatically.



By default, Counterwallet handles the last step itself, but only if you remain logged in.

Otherwise it expires?

Does this mean that if I create an order selling 100 XCP for 0.005 BTC each and I log out for a week, my order won´t get executed if someone creates a 100 XCP buy order for 0.005 BTC each?

Only the person selling the BTC needs to remain logged in, but yes.

That sounds like a major inconvenience. An quite frankly I dont get why this has to be. Can somepne pls explain? How could we fully automate the process?

It's just for selling BTC. Because the Counterwallet servers hold none of your funds, the process cannot be further automated, no.

Good to have this cleared. In this case, it should be stated at least on the trading page...
member
Activity: 74
Merit: 10
The Insight developer said "Users happy with our work, also makes me happy"  


I think there is a colors function problem on Counterparty forums when i trying to highlight some words.
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
What does it mean if an order match is expired?
The order duration is determined by an amount of yet to be mined blocks. Expired = amount of blocks has been reached without execution/match.

Order match expired means:

* There was an "order match" between 2 orders
* One order involved the payment of BTC
* The side that was supposed to pay BTC did not do so within the required timeframe after the order match

Therefore the "order match" expired.

Do I need to manually approve a transaction? I thought if there is a buy order higher than my sell order, it gets executed automatically.



By default, Counterwallet handles the last step itself, but only if you remain logged in.

Otherwise it expires?

Does this mean that if I create an order selling 100 XCP for 0.005 BTC each and I log out for a week, my order won´t get executed if someone creates a 100 XCP buy order for 0.005 BTC each?

Only the person selling the BTC needs to remain logged in, but yes.

I'm confused. Is the relevant issue that it's BTC that is being sold? Or does the seller of any asset need to remain logged in?  
What does it mean if an order match is expired?
The order duration is determined by an amount of yet to be mined blocks. Expired = amount of blocks has been reached without execution/match.

Order match expired means:

* There was an "order match" between 2 orders
* One order involved the payment of BTC
* The side that was supposed to pay BTC did not do so within the required timeframe after the order match

Therefore the "order match" expired.

Do I need to manually approve a transaction? I thought if there is a buy order higher than my sell order, it gets executed automatically.



By default, Counterwallet handles the last step itself, but only if you remain logged in.

Otherwise it expires?

Does this mean that if I create an order selling 100 XCP for 0.005 BTC each and I log out for a week, my order won´t get executed if someone creates a 100 XCP buy order for 0.005 BTC each?

Only the person selling the BTC needs to remain logged in, but yes.

That sounds like a major inconvenience. An quite frankly I dont get why this has to be. Can somepne pls explain? How could we fully automate the process?

It's just for selling BTC. Because the Counterwallet servers hold none of your funds, the process cannot be further automated, no.
member
Activity: 74
Merit: 10
hero member
Activity: 647
Merit: 510
Counterpartying
legendary
Activity: 1008
Merit: 1000
We have received the full amount of stolen funds at the donation address.

Thank you to the white hat for returning the funds. We greatly appreciate it.

To those members who lost funds: We will be sending your donation funds to the new addresses you provided in the next day. Sorry for the delay, and thank you for your patience.


Can anybody point to the original post which shows how and what was stolen?
legendary
Activity: 1120
Merit: 1000
We have received the full amount of stolen funds at the donation address.

Thank you to the white hat for returning the funds. We greatly appreciate it.

To those members who lost funds: We will be sending your donation funds to the new addresses you provided in the next day. Sorry for the delay, and thank you for your patience.


Wow thank goodness!! I have been stressing so hard!
hero member
Activity: 647
Merit: 510
Counterpartying
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
Wow ! Stolen fund has been returned for the 2nd time.
member
Activity: 74
Merit: 10
Exciting news!

Thank you  white hat!

full member
Activity: 216
Merit: 100
We have received the full amount of stolen funds at the donation address.

Thank you to the white hat for returning the funds. We greatly appreciate it.

To those members who lost funds: We will be sending your donation funds to the new addresses you provided in the next day. Sorry for the delay, and thank you for your patience.
hero member
Activity: 588
Merit: 504
That sounds like a major inconvenience. An quite frankly I dont get why this has to be. Can somepne pls explain? How could we fully automate the process?

One way is to use XBTC instead of BTC
legendary
Activity: 1022
Merit: 1000
What does it mean if an order match is expired?
The order duration is determined by an amount of yet to be mined blocks. Expired = amount of blocks has been reached without execution/match.

Order match expired means:

* There was an "order match" between 2 orders
* One order involved the payment of BTC
* The side that was supposed to pay BTC did not do so within the required timeframe after the order match

Therefore the "order match" expired.

Do I need to manually approve a transaction? I thought if there is a buy order higher than my sell order, it gets executed automatically.



By default, Counterwallet handles the last step itself, but only if you remain logged in.

Otherwise it expires?

Does this mean that if I create an order selling 100 XCP for 0.005 BTC each and I log out for a week, my order won´t get executed if someone creates a 100 XCP buy order for 0.005 BTC each?

Only the person selling the BTC needs to remain logged in, but yes.

That sounds like a major inconvenience. An quite frankly I dont get why this has to be. Can somepne pls explain? How could we fully automate the process?
newbie
Activity: 39
Merit: 0
A new security has been announced. currently in IPO stage via CounterParty: DUNNECAP

In case you've missed some of the recent XCP listings over the past few days

DUNNECAP // Blockscan ticker

ROCKMINER // Blockscan ticker

ADEALLY // Blockscan ticker


Yeah, the pace has really quickened recently Smiley

FYI: I'm maintaining a list of major Counterparty assets, along with short descriptions, here -

https://forums.counterparty.co/index.php?topic=196.msg1535#msg1535
hero member
Activity: 647
Merit: 510
Counterpartying
hero member
Activity: 588
Merit: 504
A new security has been announced. currently in IPO stage via CounterParty: DUNNECAP

In case you've missed some of the recent XCP listings over the past few days

DUNNECAP // Blockscan ticker

ROCKMINER // Blockscan ticker

ADEALLY // Blockscan ticker


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