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Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 305. (Read 1276817 times)

hero member
Activity: 617
Merit: 528
Is this VHS or Beta?

I've mentioned it before and I need to mention it again.  I'm a little dismayed that MSC is moving up in price while XCP is moving down.  I like XCP better for some reason, although I'm not completely sure why.  I think MSC's initial lack of progress turned me off.

Any really sober and unemotional comments on this?
,

Sober not completely but unemotional yes:

A, still, good argument against POB is that, while it is the most fair distribution model available, it leaves little room for development. Phantom and Xnova have been paying the whole ride out of their own pockets up till this very day. MSC had a rather badass development fund from the start.
 
MSC can light a cigar, lean back and plan the strategy while Counterparty can only do so much planning after coming home from work at 6:30.

MSC was the first. It has a community with interests they are determined to defend. Counterparty only just got here.

In short: I suppose MSC's community support and 'anciennety' make it a more interesting object for speculation.

(the Vulcan High Council just informed me that this comment is not entirely unemotional also. I beg you pardon)



The Counterparty team is all full-time.

Counterparty is clearly leading the space with regards to technology.

Thanks for the edit: Counterparty is 24/7 even when there is no dev fund to pay the rent. I say rock&roll
member
Activity: 111
Merit: 10
Digitizing Valuable Hard Assets with Crypto
Phantom, xnova, and myself will be attending the Bitcoin Job Fair and the guys will also be speaking at the Silicon Valley Bitcoin Meetup.

https://www.counterparty.co/silicon-valley-road-show/

Excellent efforts! +1 for getting out and meeting folks.
member
Activity: 74
Merit: 10
I am trying to collect every articles/news about Counterparty if i missed something please remind me,i will keep updating as much as i can.Thanks!  
Link:   https://forums.counterparty.co/index.php?topic=264.msg1962#msg1962
hero member
Activity: 647
Merit: 510
Counterpartying
Phantom, xnova, and myself will be attending the Bitcoin Job Fair and the guys will also be speaking at the Silicon Valley Bitcoin Meetup.

https://www.counterparty.co/silicon-valley-road-show/
full member
Activity: 210
Merit: 100
I still didnt touch my XCPs from the burning period (as well as from other purchases through BTER).

I'd like to unify them all in one wallet later in the week.

Is there a ramification between new and old counterwallet? should I just go ahead and use the NEW counterwallet for performing this?   

TY
hero member
Activity: 647
Merit: 510
Counterpartying
Counterparty gets more Press from the Finance Industry:

The People Who Burn Bitcoins
In January, in one of the lesser-known corners of the Internet, people were burning bitcoins. Depending on where you pegged the price, anywhere from $1.6 million to $2 million worth of the digital currency was effectively destroyed, and a website called Counterparty.co was stoking the coals. Run by a group of anonymous developers, Counterparty was distributing a newly created digital currency in exchange for bitcoins.

Full Read: http://www.minyanville.com/business-news/editors-pick/articles/The-People-Who-Burn-Bitcoins-bitcoin/4/16/2014/id/54627


Corresponding thread on Reddit: https://pay.reddit.com/r/Bitcoin/comments/237ohx/the_people_who_burn_bitcoins_counterparty/
full member
Activity: 212
Merit: 100
Daniel P. Barron
2) I want to be able to move an asset from an issuer address(Address A) to another address(Address B) without Address B needing to make any payment. Think of it as a free asset or "token" that I would like to award to Address B. Is this possible?

Yes; you can send assets to any bitcoin address you like. The owner of that address doesn't have to know that you sent him anything, or even be aware that counterparty exists.
full member
Activity: 221
Merit: 100
With Counterparty Protocol technology, we are the tip of the serrated, bleeding, and profitable edge of bitcoin2.0 innovation! We don't need to wait for sidechains!

April 10, 2014 - Abstract:      
The next major wave of Bitcoin regulation will likely be aimed at financial instruments, including securities and derivatives, as well as prediction markets and even gambling. While there are many easily regulated intermediaries when it comes to traditional securities and derivatives, emerging bitcoin-denominated instruments rely much less on traditional intermediaries. Additionally, the block chain technology that Bitcoin introduced for the first time makes completely decentralized markets and exchanges possible, thus eliminating the need for intermediaries in complex financial transactions.

In this article we survey the type of financial instruments and transactions that will most likely be of interest to regulators, including traditional securities and derivatives, new bitcoin-denominated instruments, and completely decentralized markets and exchanges. We find that bitcoin derivatives would likely not be subject to the full scope of regulation under the Commodities and Exchange Act because such derivatives would likely involve physical delivery (as opposed to cash settlement) and would not be capable of being centrally cleared. We also find that some laws, including those aimed at online gambling, do not contemplate a payment method like Bitcoin, thus placing many transactions in a legal gray area.

Following the approach to Bitcoin taken by FinCEN, we conclude that other financial regulators should consider exempting or excluding certain financial transactions denominated in Bitcoin from the full scope of the regulations, much like private securities offerings and forward contracts are treated. We also suggest that to the extent that regulation and enforcement becomes more costly than its benefits, policymakers should consider and pursue strategies consistent with that new reality, such as efforts to encourage resilience and adaptation.


Download your copy and go build something awesome on Counterparty today!: https://www.dropbox.com/s/n76dosa3hcaldqi/SSRN-id2423461.pdf


Great thx for this!

I just got some time to play around with counterparty. Was looking to integrate it with a project I'm working on.

I need a few high level clarifications regarding this,

I want to be able create and move a bunch of counterparty assets amongst bitcoin addresses on my server.

So far I have used the BitcoinSCI library to create the bitcoin addresses on my server(using php framework). Now I need figure out the best way to create and distribute counterparty assets between these addresses.

Here are two specific questions,

1) I want to create one main asset and a bunch of subassets under that. Does counterparty support subassets yet?

2) I want to be able to move an asset from an issuer address(Address A) to another address(Address B) without Address B needing to make any payment. Think of it as a free asset or "token" that I would like to award to Address B. Is this possible?


Any and all help from knowledgeable people is appreciated. Thx.
newbie
Activity: 45
Merit: 0
Counterparty gets more Press from the Finance Industry:

The People Who Burn Bitcoins
In January, in one of the lesser-known corners of the Internet, people were burning bitcoins. Depending on where you pegged the price, anywhere from $1.6 million to $2 million worth of the digital currency was effectively destroyed, and a website called Counterparty.co was stoking the coals. Run by a group of anonymous developers, Counterparty was distributing a newly created digital currency in exchange for bitcoins.

Full Read: http://www.minyanville.com/business-news/editors-pick/articles/The-People-Who-Burn-Bitcoins-bitcoin/4/16/2014/id/54627
sr. member
Activity: 432
Merit: 250
I wouldn't use Mastercoin as toilet paper. It reeks of arrogance and greed.
hero member
Activity: 647
Merit: 510
Counterpartying
Is this VHS or Beta?

I've mentioned it before and I need to mention it again.  I'm a little dismayed that MSC is moving up in price while XCP is moving down.  I like XCP better for some reason, although I'm not completely sure why.  I think MSC's initial lack of progress turned me off.

Any really sober and unemotional comments on this?
,

Sober not completely but unemotional yes:

A, still, good argument against POB is that, while it is the most fair distribution model available, it leaves little room for development. Phantom and Xnova have been paying the whole ride out of their own pockets up till this very day. MSC had a rather badass development fund from the start.
 
MSC can light a cigar, lean back and plan the strategy while Counterparty can only do so much planning after coming home from work at 6:30.

MSC was the first. It has a community with interests they are determined to defend. Counterparty only just got here.

In short: I suppose MSC's community support and 'anciennety' make it a more interesting object for speculation.

(the Vulcan High Council just informed me that this comment is not entirely unemotional also. I beg you pardon)



The Counterparty team is all full-time.

Counterparty is clearly leading the space with regards to technology.
member
Activity: 74
Merit: 10
Master coin has maid safe coin fundraiser using it, which is hoping to raise 8mil using master coin tokens, therefore this is quite big for msc and could push the price up a lot further.

Yes I was interested to see that. Should we as a community reach out to the maid safe people and see if there is interest in launching on counterparty as well?

BTW is Adam Levine still planning on launching LTB coin on CP? Anyone know?
Permacredits might become the first application to launch on top of the Counterparty protocol (XCP)  article link: http://www.coinssource.com/permacredits-launch-top-counterparty/    
Bitcoin magazine artcle link:   http://bitcoinmagazine.com/12115/permacredits-future-sustainable-living/  mentioned Counterparty agian.     Permacredits link:          http://permacredits.com/
about ltbcoin   the answer is: yes   see the article from ltb   :  Is LTBcoin Jumping the Gun with Counterparty?   http://letstalkbitcoin.com/is-ltbcoin-jumping-the-gun-with-counterparty/#.U07keWfbyUl
You can also check this post, the information collected by community members : Counterparty assets list:   https://forums.counterparty.co/index.php/topic,196.msg1920/topicseen.html#msg1920
hero member
Activity: 617
Merit: 528
Is this VHS or Beta?

I've mentioned it before and I need to mention it again.  I'm a little dismayed that MSC is moving up in price while XCP is moving down.  I like XCP better for some reason, although I'm not completely sure why.  I think MSC's initial lack of progress turned me off.

Any really sober and unemotional comments on this?
,

Sober not completely but unemotional yes:

A, still, good argument against POB is that, while it is the most fair distribution model available, it leaves little room for development. Phantom and Xnova have been paying the whole ride out of their own pockets up till this very day. MSC had a rather badass development fund from the start.
 
MSC can light a cigar, lean back and plan the strategy while Counterparty can only do so much planning after coming home from work at 6:30.

MSC was the first. It has a community with interests they are determined to defend. Counterparty only just got here.

In short: I suppose MSC's community support and 'anciennety' make it a more interesting object for speculation.

(the Vulcan High Council just informed me that this comment is not entirely unemotional also. I beg you pardon)

newbie
Activity: 44
Merit: 0
Is this VHS or Beta?

I've mentioned it before and I need to mention it again.  I'm a little dismayed that MSC is moving up in price while XCP is moving down.  I like XCP better for some reason, although I'm not completely sure why.  I think MSC's initial lack of progress turned me off.

Any really sober and unemotional comments on this?
There are people getting there XCP out of there blockchain.info wallet were it was burned and dumping them. They are suppressing the rise in the price. Mastercoin is better in price because they were "first". They spent a lot time hyping it up without doing anything and MSC can also be easily manipulated to sustain the price. Not all but some people are using XCP as another coin to frantically make quick money because it's still above initial investment. I wouldn't even classify it as a coin. I'd call it a tool to unlocking crypto currencies true potential. That would separate and maybe make Counterparty stand out from anything else. I feel what could make or break anything is all in the marketing. I went a little off topic from your post but what im trying to say is everything that is superior in Counterparty needs to be pushed all throughout bitcoin media. Mastercoin did that a lot in late 2013 and I think Counterparty should get prepared to do a little more because it's sometimes hard for any product to become widely used and excepted among common people by just being superior without a little shouting from the roof tops in my opinion.

That's all just my two cents
member
Activity: 74
Merit: 10
We're received a report of a loss (e.g. potential theft) of ~0.385 BTC from a Counterwallet user. No XCP or any other asset was removed, and the loss was from a "new wallet" (counterwallet.co) address that the user manually moved BTC to from their old (old.counterwallet.co) wallet. The funds went to: https://blockchain.info/address/1K31gDdh5n1GjXtbR8G2WpqnZawWEroQGD

At this point, with a single user report, we don't believe this is an issue with the wallet itself, but we are asking anyone with BTC in their wallet that have used the new wallet version (with the changed addresses) to log in and verify their funds are still intact. If this is NOT the case, and you have experienced an unexpected loss of BTC especially, please, after doublechecking things email [email protected] directly, with a report (include screenshots as well).

The difference from the "old" counterwallet to the "new" counterwallet was basically an update of bitcoinjs-lib (the javascript bitcoin library we use). We are in touch with the bitcoinjs-lib team about a potential issue here. Interestingly, from checking from the for the transaction that transferred the BTC, we can tell that this is not a transaction that Counterwallet produced itself (at least through our normal "send" functionality, as our transactions always use fees in multiples of 0.0002 BTC).

As a precautionary measure, to avoid the risk of issue in the future (even if this specific loss of funds incident does not involve counterwallet code), we are currently in the process of attempting to modify the previous version of bitcoinjs-lib -- that we have used successfully from Counterwallet launch to yesterday -- to work with the new wallet addresses (i.e. correct HD Wallet addresses). If we are successful with this, we will resume using this previous version, and stick with it until there is a) a major point release of bitcoinjs that b) we can independently verify.

Once this issue has been fully resolved, we will be in a better position to assess the root causes, as well the impact. Thanks for your patience.


Sent you an email with screenshots. When I log in with the same passphrase I now get different addresses and the one with the BTCX and XCP is gone..
xnova:"If you had an existing account, you will need to create a new account on this system, and then log into https://old.counterwallet.co to transfer over your existing balance to your new account created on this system. The old.counterwallet.co system provides you the ability to view your private keys, so you can use the "sweep" feature to easily move the balances over. We will keep this old.counterwallet.co system running for a few weeks to allow individuals to transfer their balances, however, please move over to the new system (i.e. this site) as soon as possible."
hero member
Activity: 784
Merit: 500
Hi all,

I created a simple website which allows to lookup any unspent output from every address:

http://redeem.bitwatch.co/

Furthermore a raw transaction can be created which collects and combines unspent outputs whereby outputs from multiple addresses can be used.

The most important feature: standard multi signature outputs are included and it's very easy to redeem Mastercoin or Counterparty dust.



The basis for this was sipa's awesome address indexed Bitcoin branch which received some further additions.

Please note: this is experimental and feedback is appreciated. Smiley

+1

How does this work?
hero member
Activity: 784
Merit: 500
We're received a report of a loss (e.g. potential theft) of ~0.385 BTC from a Counterwallet user. No XCP or any other asset was removed, and the loss was from a "new wallet" (counterwallet.co) address that the user manually moved BTC to from their old (old.counterwallet.co) wallet. The funds went to: https://blockchain.info/address/1K31gDdh5n1GjXtbR8G2WpqnZawWEroQGD

At this point, with a single user report, we don't believe this is an issue with the wallet itself, but we are asking anyone with BTC in their wallet that have used the new wallet version (with the changed addresses) to log in and verify their funds are still intact. If this is NOT the case, and you have experienced an unexpected loss of BTC especially, please, after doublechecking things email [email protected] directly, with a report (include screenshots as well).

The difference from the "old" counterwallet to the "new" counterwallet was basically an update of bitcoinjs-lib (the javascript bitcoin library we use). We are in touch with the bitcoinjs-lib team about a potential issue here. Interestingly, from checking from the for the transaction that transferred the BTC, we can tell that this is not a transaction that Counterwallet produced itself (at least through our normal "send" functionality, as our transactions always use fees in multiples of 0.0002 BTC).

As a precautionary measure, to avoid the risk of issue in the future (even if this specific loss of funds incident does not involve counterwallet code), we are currently in the process of attempting to modify the previous version of bitcoinjs-lib -- that we have used successfully from Counterwallet launch to yesterday -- to work with the new wallet addresses (i.e. correct HD Wallet addresses). If we are successful with this, we will resume using this previous version, and stick with it until there is a) a major point release of bitcoinjs that b) we can independently verify.

Once this issue has been fully resolved, we will be in a better position to assess the root causes, as well the impact. Thanks for your patience.


Sent you an email with screenshots. When I log in with the same passphrase I now get different addresses and the one with the BTCX and XCP is gone..
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
Can the counterwallet be used or tweaked to receive and send mastercoins?

The protocols are totally incompatible, as is basic architecture of Counterwallet, which uses counterpartyd as a backend.
full member
Activity: 212
Merit: 100
Daniel P. Barron
We're received a report of a loss (e.g. potential theft) of ~0.385 BTC from a Counterwallet user. No XCP or any other asset was removed, and the loss was from a "new wallet" (counterwallet.co) address that the user manually moved BTC to from their old (old.counterwallet.co) wallet. The funds went to: https://blockchain.info/address/1K31gDdh5n1GjXtbR8G2WpqnZawWEroQGD

At this point, we don't believe this is an issue with the wallet itself, but we are asking anyone with BTC in their wallet that have used the new wallet version (with the changed addresses) to log in and verify their funds are still intact. If this is NOT the case, and you have experienced an unexpected loss (of BTC especially), please (after doublechecking things) email [email protected] directly, with a report (include screenshots as well).

For now, we advise people to minimize their use of the new wallet system, but we are keeping the new system up to allow continued access to funds (and if it appears that this issue is affecting other users, we will change our stance here).

The difference from the "old" counterwallet to the "new" counterwallet was basically an update of bitcoinjs-lib (the javascript bitcoin library we use). We are in touch with the bitcoinjs-lib team about a potential issue here.

As a precautionary measure, to avoid the risk of issue in the future (even if this specific loss of funds incident does not involve counterwallet code), we are currently in the process of modifying the previous version of bitcoinjs-lib -- that we have used successfully from Counterwallet launch to yesterday -- to work with the new wallet addresses (i.e. correct HD Wallet addresses). Once this work is complete, we will resume using this previous version, and stick with it until there is a) a major point release of bitcoinjs that b) we can independently verify.

Once this issue has been fully resolved, we will be in a better position to assess the root causes, as well the impact. Thanks for your patience.


I am the user referred to here. Ask me anything.

How can it be verified that you are in fact the real Daniel P Barron?

Who is "the real Daniel P Barron?"

I can prove I am who I claim to be; that is, the user in question regarding this loss of BTC.

Here is a signature to prove it:

IOEePDmMr0Yu/PoD3vf+cHTV254F8xMhqLlc5kcLN4U7bVzGe1mB42s14h9bdVOco34NsqUzzIeTlsBbUocRN2s=
full member
Activity: 216
Merit: 100
Master coin has maid safe coin fundraiser using it, which is hoping to raise 8mil using master coin tokens, therefore this is quite big for msc and could push the price up a lot further.

Yes I was interested to see that. Should we as a community reach out to the maid safe people and see if there is interest in launching on counterparty as well?

BTW is Adam Levine still planning on launching LTB coin on CP? Anyone know?

Adam has been on vacation, but, as I understand it will be coming back soon and launching LTBCoin shortly after his return.
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