Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 330. (Read 1276817 times)

Source? I cant seem to find the phrase in google

Out of interest why's Mastercoin missing from coinmarketcap.com?

Haha, MSC follow Counterparty's step.

I'm just going to put this out here:

http://blog.mastercoin.org/2014/04/04/mastercoin-foundation-is-looking-for-a-web-team-lead/

($3000 in BTC + extra Dev MSC as a referral bonus)

Well, half of the solution is out there for a longer time and called "payment channels":

https://en.bitcoin.it/wiki/Contracts#Example_7:_Rapidly-adjusted_.28micro.29payments_to_a_pre-determined_party

I guess the point is, if a protocol exists that can cut the tx time in half even... and be very secure, there is competition.

apart from speed, DEx in the current form is not suitable to use for small size trade, because user has to send cancel_order to adjust price or size costing tx fee, whereas canceling/adjusting price/size of order in centralized exchange is free, user is charged when orders are matched. What DEx is suitable is to move large walls from centralized exchanges to it. If you are to create a big sell wall, you might not want to trust a centralized exchange and it would cost you a lot of trade fee.

Excellent news! Nice work guys!

doge had a plan to put a doge ad on nascar, and thanks to the large crowd of doge subreddit, they were able to bump the visibility on /r/Bitcoin a couple times,

well maybe issuing a lotto asset, where any XCP addresses can buy the asset with XCP, and you random the five owners from all the share holders.

- the lotto asset has to be cheap, if it's not cheap, it's not giveaway right?
- anyone can buy more than one lotto assets, but it does not matter since you will only grab unique addresses of share holders,
- what discourages one person to create generate many addresses to buy many lottos is btc tx fee, since buying with many addresses need many transactions, money, and a lot of effort to automate it
- what prevents one to try to buy all the lotto and resell it is you issue a very large number of assets, so that it will never be sold out at a profitable price,
- well, at this point most ppl who holds XCP are forum members, or redditor, so anyone who are capable of using XCP should be eligible
- counterwallet should remove the technical friction/learning curve, so be sure to launch it after counterwallet is stable on mainnet

the community could help upvoting this on reddit, if not success you could try purchasing ads on /r/Bitcoin /r/dogecoin or some gambling sites, etc

HFT will only work with clearing firms in place. Requires centralization.

None of the distributed exchanges/coins can do High Frequency Trading(HFT). HFT requires that you execute trades in 0.0000001 seconds, not in 1 minute(Nxt) or 10 minutes(Bitcoin). The throughput of a coin does not matter, only the confirmation time and the reliability of transactions.

guys guys counterwallet coming in a few days

You guys should keep your focus.

There is indeed no guarantee that BTC will be the leading crypto 5 years from now, but it has the best chances to indeed be the leader. There are several reasons for this.

Any call out for moving out of the BTC blockchain that provides counterparty with the best chance to succeed are an irresponsible gamble on top of a high risk proposition as it stands anyways.

The smart money that will invest around 300M in VC funds in the BTC ecosystem is doing it because BTC represents the least risk and most proven blockchain of all clones and other attempts after being attacked and surviving strongly for 4 years.

As the ecosystem grows more users will come.

not BTC not etherium (which is a white paper +++ at this point) are meant for HFT. HFT is a specific vertical area with nothing to do with counterparty or BTC for that matter. NXT's 1000 per second is a claim very far from being proven or relevant to us.

BTC is able to do 7 transactions per second. doesnt seem like a lot---- but at it's very pick in last year's spike towards $1200 it needed 1.5 per second which is 20% of its capacity. There is time until the 7 is indeed needed and it will increase as there are solutions in the works to gradually handle more.

with various clearing and services within the ecosystem that will service retail, this doesnt even matter.

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The thing that bothered you was the BTC devs attitude. Except from Luke jr.'s language and attitude, all devs that I read on the matter, even if not agreeing to our devs methods and even if I personally dont agree with them, were very intelligent and respectful. They dont need to agree with the CP devs--- but as long as there is a dialogue -- things will work out.

give this a break. CP should stay and work and improve the BTC layer and there is no doubt that this could and should work and get bigger once GUI is improved and we move forward.

 

I think it's a little different with payment processing look at visa and Mastercard. Still there collecting dust and gold coins. Personally I hear about nxt doing HFT and we can't even compete with that... 100 tx a sec seems to put counterparty out of work if they have the security to back it up.

Do you see a lack of self-interest as beneficial to the coin, community or investors?
I would argue that they are too focused on the current environment rather than thinking of the future.

This is evident by our initial and intended reliance on bitcoin.

Is it really so hard to think of a future where bitcoin will not be the most widely accepted and used cryptocurrency?
Yahoo and Myspace used to be kings in their respective categories, now look at them. Early adopter advantage doesn't last forever.

The fact that the majority of the community has given up on mining bitcoin is alarming to say the least. The power is becoming more and more concentrated and the little guys are being squeezed out.

The future can not accept 10 minute transaction times and it seems unlikely that any changes (not additions) to the initial bitcoin protocol will be implemented.

To be honest, I think Counterparty has the least self-interest, and probably the most dedicated/talented coders. It seems they are doing their best to think years ahead.

Great idea! Thanks! We will explore that. Great recommendation.

A YouTube video would be good, still working on the one for counterparty

Product and Service Updates April 3, 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.

Purchasing 1/2 Ounze of Gold with Bitcoin Tangible Trust process and Counterparty community member led_cd/Global_trade Repo:
Proof of Custody is Live!!
We have received and published Proof of Custody from DSD for led_cd's gold. You may review the proof of custody here: http://bitcointangibletrust.com/assets/

Proof of Custody is required as part of our "Circle of Trust" for our gold buyers. Without proof of custody, your physical assets are at risk and we want to be the leading crytpo company that can both prove physical and digital asset security. What do you think of the proof? Special thanks to Counterparty community member sparta_cuss who helped us craft this policy and service offering.

New Counterparty Community Customer
We have a new Counterparty Community customer who has offered to purchase $15,000 worth of Digital Gold coins with BitcoinTangible Trust. We're still customizing the terms of custody, but will update you as soon as they are ready to go live, which we hope to announce next week at the start of the purchase process.


Help us give away five "Pieces of Eight" Digital Silver Coins

We'd like to give away five Digital Silver Coins on the forums, but we need the community's help. How would you recommend we promote our Digital Silver giveaway in such a way to promote BitcoinTangibleTrust Services, Counterparty's DEX and to promote XCP? We want to launch the promotion on Wednesday, April 16th, right after US Tax Deadline day when everyone's most likely depressed they had to pay taxes on their digital holdings.

Our Community Ask: Will you help us out and share just one good promotional idea that we might use?

Thank you Counterparty Devs and the Counterparty Community.

Bitcoin Tangible Trust Team
Cross Posted to Counterparty Forums: https://forums.counterparty.co/index.php/topic,203.0.html

The error means that PIP, which is the python packages installer has failed to install the dependencies listed in the reqs.txt file. Do you have a more complete error log? One thing you can try is removing python if an old version is installed.