If XCP early in half a year, in the stock market gold period believe that price is far above the MSC now!
Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 317. (Read 1276817 times)
April 09, 2014, 08:05:06 AM
April 09, 2014, 08:03:19 AM
Why do I see "Pending order to sell" for more than 20 hours now?
And how was I able to send another sell order for the same amount? (there is no more XCP on the account)
And how was I able to send another sell order for the same amount? (there is no more XCP on the account)
?
Ok, again, maybe someone answers this...
WHY?
Because it hasn't been matched?
But I can´t see it in the order book, it is under pending actions and not open orders and I am able to send it over and over again.
It seems that this is due to insufficient fees. We raised the MIN_FEE at 0.0002 until I remove the priming which are increasing transactions size:
https://github.com/xnova/counterwallet/issues/44
Thank you! What does this mean in regards of my balance? Will the transactions just disappear from the interface after a while? Are the funds still available in my account? How can I set the fee for a transaction? When will the gui be updated so I can start trading?
Thank you very much for your help, the work you all are doing is really amazing!
The great silver
More miners involved
April 09, 2014, 07:56:12 AM
Anyone know how the 0.5xcp got there?
http://blockscan.com/address.aspx?q=13J6wg7BdvjnPHHRPUp1EQBx6Z7KW5RcZw
http://blockscan.com/address.aspx?q=13J6wg7BdvjnPHHRPUp1EQBx6Z7KW5RcZw
http://blockscan.com/address.aspx?q=17Vxv31VfpFY6tWBBB93tcSgP4SYeqzTTb also looks weird ( crosspost from https://forums.counterparty.co/index.php/topic,188.msg1803.html#msg1803 )
13J6wg7BdvjnPHHRPUp1EQBx6Z7KW5RcZw definitely is strange. There is no record in counterpartyd logs for transfers of XCP to this address. I'd say that it couldn't be a coincidence that there is a send of 0.5 UNIT.
I'd need more context for 17Vxv31VfpFY6tWBBB93tcSgP4SYeqzTTb. It's possible for that to be just a mistake from the command line. You don't have to btcpay from the address you originally made the order.
Yep, there was a bug, which we've now fixed. (See that thread for more info.)
That bug was with fees and slow tx confirmations. That negative balance is a problem with Blockscan: in counterpartyd, the balances of that address are
Quote
> counterpartyd.py balances 13J6wg7BdvjnPHHRPUp1EQBx6Z7KW5RcZw
Balances
+-------+-----------+
| Asset | Amount |
+-------+-----------+
| BTC | 0.0103172 |
| HATE | 999000000 |
| UNIT | 0.5 |
| XCP | 0.5 |
+-------+-----------+
Balances
+-------+-----------+
| Asset | Amount |
+-------+-----------+
| BTC | 0.0103172 |
| HATE | 999000000 |
| UNIT | 0.5 |
| XCP | 0.5 |
+-------+-----------+
April 09, 2014, 07:55:45 AM
So the above says that trading a user defined and user issued asset involves counter party risk (the issuer not keeping his promise to redeem the asset if desired) but the counterparty website claims: "Trade, BTC, XCP and user-created assets with no counterparty risk" 
I think they mean that there's no counterparty risk in the trade itself, as opposed to the issuer risk of holding an asset token that (you hope) is backed by real property.
I have a proposal for a service that might go some way toward mitigating the issuer risk part. I'd love some feedback from you guys if you have a moment.
April 09, 2014, 07:47:32 AM
Does any sort of collateralization requirement denominated in XCP limit the total amount of assets that can be traded on the exchange to the market cap of XCP? How do you work out the margin requirement? Or is the idea that any asset in one's possession can be used as collateral, but represented as an XCP equivalent?
In a world with XCP backed assets, one way I could imagine this working would be that the current market price of the asset (based on a price feed) would be locked away when the asset was created, and the issuer would place a bet to cover future variations in the price, up to a disclosed bet size, and future date.
An issuer could choose the amount of margin they want to put up, and when they run out, the asset would be automatically liquidated. This would have the side effect of dumpling an asset holder back into XCP if a market got volatile, but I think it could dramatically reduce counterparty risk, and everyone would know were they stood.
When issuing, an issuer would lock away $1 worth of XCP to create the asset, and might choose to commit, say, another 25% to cover variation. So $1.25 worth of XCP might be locked away per USD token. They could sell the token to get $1 of XCP back, so they'd basically be net a long XCP bet.
I can imagine that this kind of usage would increase the scarcity of XCP and push the price up (so in the next round a unit of XCP could back a larger dollar value of assets, and so on).
You cannot eliminate counterparty risk from an asset-backed currency peg, as there is no mechanism at the protocol level to stop the issuer (i.e. the user with the private key of the address with the XCP backing) from withdrawing funds. I still think though that is a really good use-case.
A currency peg that actually requires no trust is making a CFD on the price of an asset to which you would like to peg your holdings in XCP. The effectiveness of the peg, however, depends on one's leverage, which in turn increases one's risk. For anyone who is interested in making such a peg, I have come up with a few examples which would show how you do it.
Quote
as there is no mechanism at the protocol level to stop the issuer (i.e. the user with the private key of the address with the XCP backing) from withdrawing funds
But would it be possibility to implement such a mechanism: The issuer of XLTC sends the funds to a LTC wallet within the Counterparty system.... April 09, 2014, 07:30:40 AM
Hi guys. With the Counterwallet mainnet release behind us, I've made my identity public to facilitate the continued evolution of Counterparty as we enter the next stage of growth.
Please see our blog post on this matter at: https://www.counterparty.co/next-steps/
Please see our blog post on this matter at: https://www.counterparty.co/next-steps/
This is a great thing! And in my opinion a necessary one to actually being able to compete. There will be competition with real world identity developers. Real world identity creates trust and the media is looking for a face and a story behind it. Also how would you want to negotiate deals with partner with a hidden idenity??
Over Skype only? That would be highly unprofessional. April 09, 2014, 07:17:20 AM
What version of OpenSSL was Bitcoin 0.8.6 using ?
+1Should we be upgrading our Bitcion-qt to 0.9.1. If so will it affect Counterparty installation.
no unless you are opening SSL access on your RPC
Yes. counterpartyd works with Bitcoin Core 0.9.1.
April 09, 2014, 06:14:30 AM
Have you seen this? What do you guys think?
http://www.forbes.com/sites/kashmirhill/2014/04/08/beyond-bitcoin-crypto-ownership-companies-hope-youre-ready-to-decentralize-everything-on-the-internet/
http://www.forbes.com/sites/kashmirhill/2014/04/08/beyond-bitcoin-crypto-ownership-companies-hope-youre-ready-to-decentralize-everything-on-the-internet/
April 09, 2014, 05:28:43 AM
I need pay more attention to XCP 
April 09, 2014, 04:49:16 AM
ROCKMINER:
----------------
XCP is under developing,we will consider it if it really works well.
----------------
https://bitcointalksearch.org/topic/m.6136502
----------------
XCP is under developing,we will consider it if it really works well.
----------------
https://bitcointalksearch.org/topic/m.6136502
April 09, 2014, 03:24:20 AM
Why do I see "Pending order to sell" for more than 20 hours now?
And how was I able to send another sell order for the same amount? (there is no more XCP on the account)
And how was I able to send another sell order for the same amount? (there is no more XCP on the account)
?
Ok, again, maybe someone answers this...
WHY?
Because it hasn't been matched?
But I can´t see it in the order book, it is under pending actions and not open orders and I am able to send it over and over again.
It seems that this is due to insufficient fees. We raised the MIN_FEE at 0.0002 until I remove the priming which are increasing transactions size:
https://github.com/xnova/counterwallet/issues/44
Thank you! What does this mean in regards of my balance? Will the transactions just disappear from the interface after a while? Are the funds still available in my account? How can I set the fee for a transaction? When will the gui be updated so I can start trading?
Thank you very much for your help, the work you all are doing is really amazing!
April 09, 2014, 03:21:28 AM
Why do I see "Pending order to sell" for more than 20 hours now?
And how was I able to send another sell order for the same amount? (there is no more XCP on the account)
And how was I able to send another sell order for the same amount? (there is no more XCP on the account)
?
Ok, again, maybe someone answers this...
WHY?
Because it hasn't been matched?
But I can´t see it in the order book, it is under pending actions and not open orders and I am able to send it over and over again.
It seems that this is due to insufficient fees. We raised the MIN_FEE at 0.0002 until I remove the priming which are increasing transactions size:
https://github.com/xnova/counterwallet/issues/44
April 09, 2014, 03:09:58 AM
Why do I see "Pending order to sell" for more than 20 hours now?
And how was I able to send another sell order for the same amount? (there is no more XCP on the account)
And how was I able to send another sell order for the same amount? (there is no more XCP on the account)
?
Ok, again, maybe someone answers this...
WHY?
Because it hasn't been matched?
But I can´t see it in the order book, it is under pending actions and not open orders and I am able to send it over and over again.
April 09, 2014, 03:07:22 AM
Why do I see "Pending order to sell" for more than 20 hours now?
And how was I able to send another sell order for the same amount? (there is no more XCP on the account)
And how was I able to send another sell order for the same amount? (there is no more XCP on the account)
?
Ok, again, maybe someone answers this...
WHY?
Because it hasn't been matched?
April 09, 2014, 03:05:41 AM
Why do I see "Pending order to sell" for more than 20 hours now?
And how was I able to send another sell order for the same amount? (there is no more XCP on the account)
And how was I able to send another sell order for the same amount? (there is no more XCP on the account)
?
Ok, again, maybe someone answers this...
WHY?
April 09, 2014, 01:04:56 AM
Do you know why Counterparty continues to just Kick butt?
The Counterparty Protocol is DAMN SIMPLE.
Hot off the Press: Adam Back and Austin Hill launch startup to focus on a side-chain like solution that might be attractive to Counterparty when it finally comes out in 30 - 90 days.
http://letstalkbitcoin.com/blockchain-2-0-let-a-thousand-chains-blossom/#.U0TZ41e76mf
Until then, We're sticking with DAMN SIMPLE.
The Counterparty Protocol is DAMN SIMPLE.
Hot off the Press: Adam Back and Austin Hill launch startup to focus on a side-chain like solution that might be attractive to Counterparty when it finally comes out in 30 - 90 days.
http://letstalkbitcoin.com/blockchain-2-0-let-a-thousand-chains-blossom/#.U0TZ41e76mf
Until then, We're sticking with DAMN SIMPLE.
April 09, 2014, 12:49:36 AM
Hi guys. With the Counterwallet mainnet release behind us, I've made my identity public to facilitate the continued evolution of Counterparty as we enter the next stage of growth.
Please see our blog post on this matter at: https://www.counterparty.co/next-steps/
Please see our blog post on this matter at: https://www.counterparty.co/next-steps/
Very very great news!!
April 08, 2014, 11:52:31 PM
Friendly reminder that it is even easier to trade on the DEX using XBTC with Counterwallet.
I'm working hard to bring the fully automated service online. You can still try out the service in the meantime by sending a minimum of 0.1 BTC to MaxMint (1% fee for now, 0.1% + TX when the fully automated service is up):
13sGFVPgcrj9mMRokyXztdAJtg6kReofdV
Full details and updates in https://forums.counterparty.co/index.php/topic,160
Here's how easy it is to get started with Counterwallet. No more worries about btcpay, no more worries about understanding required and provided fees!
That's it! Just wait for your send to be included in a block and for MaxMint to process your order. I'm sure you'll like trading on the DEX
Edit: Bonus points - check the XBTC/XCP order book at http://www.blockscan.com/order_book.aspx?f=2
I'm working hard to bring the fully automated service online. You can still try out the service in the meantime by sending a minimum of 0.1 BTC to MaxMint (1% fee for now, 0.1% + TX when the fully automated service is up):
13sGFVPgcrj9mMRokyXztdAJtg6kReofdV
Full details and updates in https://forums.counterparty.co/index.php/topic,160
Here's how easy it is to get started with Counterwallet. No more worries about btcpay, no more worries about understanding required and provided fees!
That's it! Just wait for your send to be included in a block and for MaxMint to process your order. I'm sure you'll like trading on the DEX
Edit: Bonus points - check the XBTC/XCP order book at http://www.blockscan.com/order_book.aspx?f=2
April 08, 2014, 10:35:36 PM
Anyone know how the 0.5xcp got there?
http://blockscan.com/address.aspx?q=13J6wg7BdvjnPHHRPUp1EQBx6Z7KW5RcZw
http://blockscan.com/address.aspx?q=13J6wg7BdvjnPHHRPUp1EQBx6Z7KW5RcZw
http://blockscan.com/address.aspx?q=17Vxv31VfpFY6tWBBB93tcSgP4SYeqzTTb also looks weird ( crosspost from https://forums.counterparty.co/index.php/topic,188.msg1803.html#msg1803 )
13J6wg7BdvjnPHHRPUp1EQBx6Z7KW5RcZw definitely is strange. There is no record in counterpartyd logs for transfers of XCP to this address. I'd say that it couldn't be a coincidence that there is a send of 0.5 UNIT.
I'd need more context for 17Vxv31VfpFY6tWBBB93tcSgP4SYeqzTTb. It's possible for that to be just a mistake from the command line. You don't have to btcpay from the address you originally made the order.
Yep, there was a bug, which we've now fixed. (See that thread for more info.)
April 08, 2014, 10:25:14 PM
Anyone know how the 0.5xcp got there?
http://blockscan.com/address.aspx?q=13J6wg7BdvjnPHHRPUp1EQBx6Z7KW5RcZw
http://blockscan.com/address.aspx?q=13J6wg7BdvjnPHHRPUp1EQBx6Z7KW5RcZw
http://blockscan.com/address.aspx?q=17Vxv31VfpFY6tWBBB93tcSgP4SYeqzTTb also looks weird ( crosspost from https://forums.counterparty.co/index.php/topic,188.msg1803.html#msg1803 )
13J6wg7BdvjnPHHRPUp1EQBx6Z7KW5RcZw definitely is strange. There is no record in counterpartyd logs for transfers of XCP to this address. I'd say that it couldn't be a coincidence that there is a send of 0.5 UNIT.
I'd need more context for 17Vxv31VfpFY6tWBBB93tcSgP4SYeqzTTb. It's possible for that to be just a mistake from the command line. You don't have to btcpay from the address you originally made the order.
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