[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 328.

appanmai

newbie

Activity: 36

Merit: 0

Quote from: BrianNowhere on April 05, 2014, 10:18:13 AM

Quote from: 520Bit on April 05, 2014, 09:42:56 AM

Counterparty is based upon PoB - Proof of Burn concept. You can check the total XCP created during the burning period here: http://blockscan.com/burn.aspx

What I'm wondering is if it's a mined coin with transactions handled by BTC block chain
or do the transactions get verified via proof of stake or some other way?

There is no mining. All the XCP coins that will ever exist had been created by burning the BTCs in January. All the transactions will be stored in BTC blockchain. There is no proof of stake mining too. The only way you gain by investing in XCP is if the price of XCP goes up.

XCP is deflationary. 0.5 XCP will be destroyed for each user created assets.

BrianNowhere

member

Activity: 70

Merit: 10

Quote from: 520Bit on April 05, 2014, 09:42:56 AM

Counterparty is based upon PoB - Proof of Burn concept. You can check the total XCP created during the burning period here: http://blockscan.com/burn.aspx

What I'm wondering is if it's a mined coin with transactions handled by BTC block chain
or do the transactions get verified via proof of stake or some other way?

520Bit

sr. member

Activity: 602

Merit: 252

Quote from: BrianNowhere on April 05, 2014, 09:27:15 AM

Cool so many great replies. I saw the wallet looks a little complicated to set up, but I can't imagine it's much more complex than
Nxt's wallet. The new online webwallet coming out seems almost exactly like a Nxt brainwallet.

When the online wallet launches tomorrow does it work standalone or do I need to have things installed on my computer for it to work?

I've also read you need to install bitcoind. I've always used Multibit for BTC so I don't have to download the blackchain.
Do I need to have bitcoind to use counterparty?

Also, is counterparty considered POW or POS?

For the counterwallet, you don't need to install any thing on your computer. Just create a complicated passphrase and remember it in your brain.

Counterparty is based upon PoB - Proof of Burn concept. You can check the total XCP created during the burning period here: http://blockscan.com/burn.aspx

qtgwith

hero member

Activity: 602

Merit: 500

Quote from: BrianNowhere on April 05, 2014, 09:27:15 AM

Cool so many great replies. I saw the wallet looks a little complicated to set up, but I can't imagine it's much more complex than
Nxt's wallet. The new online webwallet coming out seems almost exactly like a Nxt brainwallet.

When the online wallet launches tomorrow does it work standalone or do I need to have things installed on my computer for it to work?

I've also read you need to install bitcoind. I've always used Multibit for BTC so I don't have to download the blackchain.
Do I need to have bitcoind to use counterparty?

Also, is counterparty considered POW or POS?

You don't need install anything before using the webwallet.

https://testnet.counterwallet.co

I can send you some test BTC and XCP.

bitwhizz

legendary

Activity: 910

Merit: 1000

how easy it would it be to clone something like counterparty?

BrianNowhere

member

Activity: 70

Merit: 10

Cool so many great replies. I saw the wallet looks a little complicated to set up, but I can't imagine it's much more complex than
Nxt's wallet. The new online webwallet coming out seems almost exactly like a Nxt brainwallet.

When the online wallet launches tomorrow does it work standalone or do I need to have things installed on my computer for it to work?

I've also read you need to install bitcoind. I've always used Multibit for BTC so I don't have to download the blackchain.
Do I need to have bitcoind to use counterparty?

Also, is counterparty considered POW or POS?

bitcoinrocks

legendary

Activity: 1372

Merit: 1000

I'm onboard with Counterparty and I'm trying to decide if I should invest in the others too (Mastercoin, Ethereum, Colored Coins, ProtoShares). From the perspective of a person who is pro-Counterparty, how does Mastercoin compare as a whole (tech, team, trajectory, etc)? I realize this question has probably lead to many a flameware in the past but I'm still hoping to find an answer. PMs or links are welcome.

520Bit

sr. member

Activity: 602

Merit: 252

Quote from: appanmai on April 05, 2014, 09:05:16 AM

Quote from: BrianNowhere on April 05, 2014, 08:43:16 AM

I just sold 98% of my Nxt holdings this week because I see too many problems with it and Nxt community here at bitcointalk is full of knuckleheads who basically ran me off for asking technical questions. I don't know much about counterparty but I've heard it's pretty cool
and does more than Nxt. Can the community here help me get started?

Welcome to XCP community. If you want to setup counterpartyd client, you have couple of options. Check 'halfcab' s signature for setting up a command line based counterpartyd,
If you are a non-technical user like me, you can buy for poloniex.com/bter.com. Alternatively you can wait until tomorrow to use a web based counterwallet.

I think the counterwallet is the best for the fresh man to start. Keep an eye on the official website: https://www.counterparty.co/
Tomorrow 4/6/14 Sunday, the mainnet will be alive.

Mrrr

hero member

Activity: 617

Merit: 528

Quote from: BrianNowhere on April 05, 2014, 08:43:16 AM

I just sold 98% of my Nxt holdings this week because I see too many problems with it and Nxt community here at bitcointalk is full of knuckleheads who basically ran me off for asking technical questions. I don't know much about counterparty but I've heard it's pretty cool
and does more than Nxt. Can the community here help me get started?

As counterparty is still under development its not that 'beginner friendly' just yet. There's some good guides to setting up the client bt its not (yet) 'plug and play'.

Fortunately our legendary developers have just announced a far more user friendly web client to go live tomorrow.

So to get started:

Read up a bit on counterparty.co

Buy some XCP on bter or poloniex (contrary to what some other people believe I think the webwallet will make XCP rise, and not diminish, in value)

Send them to a BTC adress of which you control the private keys

Give a go at setting up the client or wait a day for the webclient to arrive.

Take any questions to the forums of counterparty.co, you can ask them here, of course, but there's a chance you run into BelleBite2073 or whatever his name is.

good luck

appanmai

newbie

Activity: 36

Merit: 0

Quote from: BrianNowhere on April 05, 2014, 08:43:16 AM

I just sold 98% of my Nxt holdings this week because I see too many problems with it and Nxt community here at bitcointalk is full of knuckleheads who basically ran me off for asking technical questions. I don't know much about counterparty but I've heard it's pretty cool
and does more than Nxt. Can the community here help me get started?

Welcome to XCP community. If you want to setup counterpartyd client, you have couple of options. Check 'halfcab' s signature for setting up a command line based counterpartyd,

https://github.com/JahPowerBit/BoottleXCP_binaries/blob/master/windows_build_instructions.txt for GUI client

https://forums.counterparty.co/index.php/topic,166.0.html for lightweight client.

If you are a non-technical user like me, you can buy for poloniex.com/bter.com. Alternatively you can wait until tomorrow to use a web based counterwallet.

jnada

sr. member

Activity: 310

Merit: 250

Quote from: BrianNowhere on April 05, 2014, 08:43:16 AM

. I don't know much about counterparty but I've heard it's pretty cool
and does more than Nxt. Can the community here help me get started?

Yes, is there some XCP for dummies? Just in 5 sentences, how to explain advantages XCP?

BrianNowhere

member

Activity: 70

Merit: 10

I just sold 98% of my Nxt holdings this week because I see too many problems with it and Nxt community here at bitcointalk is full of knuckleheads who basically ran me off for asking technical questions. I don't know much about counterparty but I've heard it's pretty cool
and does more than Nxt. Can the community here help me get started?

cityglut

full member

Activity: 216

Merit: 100

Quote from: Chang Hum on April 05, 2014, 06:05:33 AM

I can't seem to find instructions for sweeping a blockchain.info wallet with the online counterparty wallet anywhere, also is there an official launch time tomorrow?

You click the "import funds" button in Counterwallet. But you can't do it yet, as the mainnet release is not until Sunday.

EDIT: you cannot do it yet, with mainnet funds. You can of course do it with testnet funds.

Chang Hum

hero member

Activity: 714

Merit: 502

I can't seem to find instructions for sweeping a blockchain.info wallet with the online counterparty wallet anywhere, also is there an official launch time tomorrow?

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: romerun on April 04, 2014, 11:09:17 PM

Quote from: prophetx on April 04, 2014, 07:25:58 PM

Quote from: prophetx on April 03, 2014, 09:41:40 AM

Quote from: fudge on April 02, 2014, 08:58:01 PM

Quote from: bitcoinrocks on April 02, 2014, 08:55:22 PM

If I want to send XCP from my blockchain.info PoB account to my real BTC address, do I need to download the private key from blockchain.info and run counterpartyd? Is there any other way?

no other way until web-wallet launch

as soon as these web wallets are done (both for xcp and mastercoin), i want to go and start setting up satoshis square events for large cities

who wants to help me? i can cover europe, need people world wide, and da moon of course

no pay for this, this is to teach people how to do p2p commerce so they can teach others.

no one?

sad...

skyping while doing europe square so the rest of the map can see how it goes

There are regular Satoshi Squares in Los Angeles.
Lots of Mastercoiners in LA already, so I could step up for this if there's not someone more eager.

bitwhizz

legendary

Activity: 910

Merit: 1000

Whats the bitcoin Devs position on counter party, had it changed ot are they still threatening to get rid of multisig?

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

Quote from: prophetx on April 04, 2014, 07:25:58 PM

Quote from: prophetx on April 03, 2014, 09:41:40 AM

Quote from: fudge on April 02, 2014, 08:58:01 PM

Quote from: bitcoinrocks on April 02, 2014, 08:55:22 PM

If I want to send XCP from my blockchain.info PoB account to my real BTC address, do I need to download the private key from blockchain.info and run counterpartyd? Is there any other way?

no other way until web-wallet launch

as soon as these web wallets are done (both for xcp and mastercoin), i want to go and start setting up satoshis square events for large cities

who wants to help me? i can cover europe, need people world wide, and da moon of course

no pay for this, this is to teach people how to do p2p commerce so they can teach others.

no one?

sad...

skyping while doing europe square so the rest of the map can see how it goes

qtgwith

hero member

Activity: 602

Merit: 500

Quote from: prophetx on April 04, 2014, 07:25:58 PM

Quote from: prophetx on April 03, 2014, 09:41:40 AM

Quote from: fudge on April 02, 2014, 08:58:01 PM

Quote from: bitcoinrocks on April 02, 2014, 08:55:22 PM

If I want to send XCP from my blockchain.info PoB account to my real BTC address, do I need to download the private key from blockchain.info and run counterpartyd? Is there any other way?

no other way until web-wallet launch

as soon as these web wallets are done (both for xcp and mastercoin), i want to go and start setting up satoshis square events for large cities

who wants to help me? i can cover europe, need people world wide, and da moon of course

no pay for this, this is to teach people how to do p2p commerce so they can teach others.

no one?

sad...

Counterparty is undervalued seriously. Counterparty and we should take action in marketing and advertisement after the issue of the counterwallet. Let more people know Counterparty and use it.

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: prophetx on April 03, 2014, 09:41:40 AM

Quote from: fudge on April 02, 2014, 08:58:01 PM

Quote from: bitcoinrocks on April 02, 2014, 08:55:22 PM

If I want to send XCP from my blockchain.info PoB account to my real BTC address, do I need to download the private key from blockchain.info and run counterpartyd? Is there any other way?

no other way until web-wallet launch

as soon as these web wallets are done (both for xcp and mastercoin), i want to go and start setting up satoshis square events for large cities

who wants to help me? i can cover europe, need people world wide, and da moon of course

no pay for this, this is to teach people how to do p2p commerce so they can teach others.

no one?

sad...

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: N[e]wBie on April 04, 2014, 06:38:52 PM

how could non-digital assets be traded in theory? ie fiat money or property?

For fiat the process would be to create a pegged digital asset, to the dollar, for example, that is backed by someone who is trustworthy.

For property you would create a token (asset) that signifies ownership that real world asset. The process for having the token actually award ownership in a court is unknown to me and likely has a different process in each country.

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 328. (Read 1276817 times)