Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 334. (Read 1276823 times)
April 01, 2014, 08:47:45 PM
Whats a good price for counterparty? $10? When can this be achieved? I think alt coins can spike up real quick
April 01, 2014, 08:30:02 PM
Why should I buy 1 BTC of this coin instead of Mastercoin or Ethereum? 
Compare the Valuations of MasterCoin and Counterparty.
Counterparty has a working product. A Distributed Exchange and Ability to issue assets. Mastercoin has a distributed exchange but the assets and betting functionality is still being developed.
MasterCoin
Price: 34$
MarketCap: 21 Million
Counterparty
Price: 2$
MarketCap: 6 Million. (30% of Mastercoin)
To me Counterparty seems undervalued relative Mastercoin.
Ethereum - The concept only exists on paper and there is no working prototype till Q4 2014 (which might get further delayed).
April 01, 2014, 08:28:51 PM
Why should I buy 1 BTC of this coin instead of Mastercoin or Ethereum?
Compare the Valuations of MasterCoin and Counterparty.
Counterparty has a working product. A Distributed Exchange and Ability to issue assets. Mastercoin has a distributed exchange but the assets and betting functionality is still being developed.
MasterCoin
Price: 34$
MarketCap: 21 Million
Counterparty
Price: 2$
MarketCap: 6 Million. (30% of Mastercoin)
To me Counterparty seems undervalued relative Mastercoin.
Ethereum - The concept only exists on paper and there is no working prototype till Q4 2014 (which might get further delayed).
Totally agree. Counterparty's marketcap should be bigger than mastercoin at least. Counterparty is undervalued seriously. Counterparty should take action in marketing and advertisement after the issue of the counterwallet. Let more people know Counterparty and use it.
April 01, 2014, 07:41:01 PM
Im waiting until Ethereum coins are actually being sold be the devs to buy them,
tbh, I woke up this morning, pulled out my phone, read something good about Counterparty, and panic bought the hell out of it, sent all my LTC into XCP
this thing better pop
tbh, I woke up this morning, pulled out my phone, read something good about Counterparty, and panic bought the hell out of it, sent all my LTC into XCP
this thing better pop
April 01, 2014, 07:33:47 PM
Why should I buy 1 BTC of this coin instead of Mastercoin or Ethereum?
Buy 0.5 BTC of each.
Yes, my maths is correct. Its because Ethereum is Vaporware.
April 01, 2014, 07:22:19 PM
An off topic question here and excuse me if its ridiculous,
How does one transfer xcp from a central exchange to an offline wallet?
How does one transfer xcp from a central exchange to an offline wallet?
April 01, 2014, 07:17:46 PM
Primecoin isn't any more energy efficient, it just produces prime number strings of possible scientific value (instead of useless leading 0 hashes); PPC is, but it's only 1 PoS block per 4 PoW blocks, which I don't think is very noticeable when PoW mining returns are much higher than PoS returns; someone can correct me on this though.
if you look at the current http://ppc.blockr.io/block/list/ , POS is already 90%.
Regarding to whether or not XCP should hop to altchain. Nobody seriously cares of alts, seriously. What makes XCP/MSC interesting is they are living in Bitcoin, not one of those obscure chains which are likely to be irrelevant in the future, why? unless they come out with blown away features, not just different money distribution schemes, or minor improvements, they won't match the Btc first mover advantage. Ethereum does promise a good load of somewhat blown away features, so it's got a lot of attention lately, but if we have the strength of Btc network and its widespread adoption + 2.0 protocols on top of it, there might be no points of Ether.
+1
even though I think ether will still have arguments - but probably their currency is not needed
April 01, 2014, 07:06:57 PM
@MattY, have you considered leading the way to an open forum podcast or regularly scheduled broadcast/chat ? With the speed of progress it seems quite sophomoric to remain pegged to forum communication which in many ways can be considered slower than email in practice. Just thoughts.
It is not something I have considered, but I'm happy to consider it, and I'm sure the developers will as well.
I do think forums work quite nicely for communicating as that is specifically what they were designed for, and they have enjoyed use all across the entire internet because of their ability to assist decentralized groups with communications. If some of these discussions were happening on a podcast, my fear would be that a much smaller audience would see them or be able to participate before the discussion was over. Ideally, I'd like to see much of these conversations move to the Counterparty forums, but people love them some Bitcointalk, so here we are.
LTB Would be happy to provide a platform for this. We've extended the same offer to all the 2.0 communities.
April 01, 2014, 06:56:38 PM
Primecoin isn't any more energy efficient, it just produces prime number strings of possible scientific value (instead of useless leading 0 hashes); PPC is, but it's only 1 PoS block per 4 PoW blocks, which I don't think is very noticeable when PoW mining returns are much higher than PoS returns; someone can correct me on this though.
if you look at the current http://ppc.blockr.io/block/list/ , POS is already 90%.
Regarding to whether or not XCP should hop to altchain. Nobody seriously cares of alts, seriously. What makes XCP/MSC interesting is they are living in Bitcoin, not one of those obscure chains which are likely to be irrelevant in the future, why? unless they come out with blown away features, not just different money distribution schemes, or minor improvements, they won't match the Btc first mover advantage. Ethereum does promise a good load of somewhat blown away features, so it's got a lot of attention lately, but if we have the strength of Btc network and its widespread adoption + 2.0 protocols on top of it, there might be no points of Ether.
April 01, 2014, 06:29:19 PM
Why should I buy 1 BTC of this coin instead of Mastercoin or Ethereum?
Compare the Valuations of MasterCoin and Counterparty.
Counterparty has a working product. A Distributed Exchange and Ability to issue assets. Mastercoin has a distributed exchange but the assets and betting functionality is still being developed.
MasterCoin
Price: 34$
MarketCap: 21 Million
Counterparty
Price: 2$
MarketCap: 6 Million. (30% of Mastercoin)
To me Counterparty seems undervalued relative Mastercoin.
Ethereum - The concept only exists on paper and there is no working prototype till Q4 2014 (which might get further delayed).
April 01, 2014, 05:13:52 PM
Why should I buy 1 BTC of this coin instead of Mastercoin or Ethereum?
You should buy 1 BTC of all three. 
April 01, 2014, 05:09:09 PM
Why should I buy 1 BTC of this coin instead of Mastercoin or Ethereum?
Because you researched all three projects extensively and found Counterparty to be the best option given your requirements for investing.
April 01, 2014, 05:07:34 PM
@MattY, have you considered leading the way to an open forum podcast or regularly scheduled broadcast/chat ? With the speed of progress it seems quite sophomoric to remain pegged to forum communication which in many ways can be considered slower than email in practice. Just thoughts.
It is not something I have considered, but I'm happy to consider it, and I'm sure the developers will as well.
I do think forums work quite nicely for communicating as that is specifically what they were designed for, and they have enjoyed use all across the entire internet because of their ability to assist decentralized groups with communications. If some of these discussions were happening on a podcast, my fear would be that a much smaller audience would see them, or be able to participate before the discussion was over. Ideally, I'd like to see much of these conversations move to the Counterparty forums, but people love them some Bitcointalk, so here we are.
Counterparty forums needs a chat like counterwallet, and people will definitely hang out i'd assume
April 01, 2014, 05:06:49 PM
Why should I buy 1 BTC of this coin instead of Mastercoin or Ethereum?
April 01, 2014, 05:06:05 PM
@MattY, have you considered leading the way to an open forum podcast or regularly scheduled broadcast/chat ? With the speed of progress it seems quite sophomoric to remain pegged to forum communication which in many ways can be considered slower than email in practice. Just thoughts.
It is not something I have considered, but I'm happy to consider it, and I'm sure the developers will as well.
I do think forums work quite nicely for communicating as that is specifically what they were designed for, and they have enjoyed use all across the entire internet because of their ability to assist decentralized groups with communications. If some of these discussions were happening on a podcast, my fear would be that a much smaller audience would see them or be able to participate before the discussion was over. Ideally, I'd like to see much of these conversations move to the Counterparty forums, but people love them some Bitcointalk, so here we are.
April 01, 2014, 05:03:00 PM
Sorry I've done some googling and I can't find any reference. I've heard it mentioned many times that satoshi thought mining was the inherent weakness of bitcoin. This quote seems likely because control of mining (which is what we see today with the large mining cartels) would lead to control of the network but I can't for the life of me find any reference to it...
Am I crazy?
Am I crazy?
I don't know. Maybe he admitted proof of work was somewhat wasteful somewhere (tell me if you find that) and you read it out of context or something. About "mining cartels" remember the hashing algorithm could be changed very easily o SHA3 or something else.
PoS has lots of potential for things like voting, just not for p2p consensus.
A hybrid system is less secure in the proportion in which it uses PoS instead of PoW and the savings in resources are arguable: miners today want to mine more by taking future PoS interest into account.
Pure PoS is just not secure due to the "nothing at stake" problem (basically you can vote 2 different chains as valid at the same time without losing anything).
NeST will be attacked one day.
I think the best option for counterparty would be a merged mined chain like namecoin, but certainly a PoS chain would be worse than its current parasitic form.
And again I do not mean to offend anyone, Peter Todd himself describes systems like Counterparty in these terms:
https://github.com/petertodd/decentralized-consensus-systems/blob/master/paper.tex#L252
April 01, 2014, 04:55:29 PM
I'm quite surprised that this dialogue has not ventured to IRC. Having these apparent deep and fruit-bearing arguments on a forum seems to be slower than our transaction times *drum roll* Blockchain joke. But really though, @MattY, have you considered leading the way to an open forum podcast or regularly scheduled broadcast/chat ? With the speed of progress it seems quite sophomoric to remain pegged to forum communication which in many ways can be considered slower than email in practice. Just thoughts.
April 01, 2014, 04:53:23 PM
TheMightyX,
I don't agree with your arguments or even consider many of them to be valid, but you are welcome to them, just as I will continue to hold my own, which you free to disagree with as well. While we were unable to sway each other, it was an interesting discussion.
I don't agree with your arguments or even consider many of them to be valid, but you are welcome to them, just as I will continue to hold my own, which you free to disagree with as well. While we were unable to sway each other, it was an interesting discussion.
April 01, 2014, 04:53:10 PM
Primecoin isn't any more energy efficient, it just produces prime number strings of possible scientific value (instead of useless leading 0 hashes); PPC is, but it's only 1 PoS block per 4 PoW blocks, which I don't think is very noticeable when PoW mining returns are much higher than PoS returns; someone can correct me on this though.
Yea Primecoins number strings are pretty much useless. Something to do with them being too short. Can't remember, it's been awhile since I mined primecoin. I remember Sunny all but admitting that primecoin doesn't look for the larger chains as the requirements would be too large.
You can read tons of propaganda on this "amazing new currency with actual scientific value" but then not a single article backing it up or showing it being used. They used to read "potential scientific value" then everyone just cut off the "potential" and ran with it, like it was saving lives or something.
April 01, 2014, 04:46:15 PM
Are ppcoin and primecoin the energy efficient ones alternative to PoW.
Primecoin no, it is simple PoW.
PPcoin is PoS/PoW.
Obviously we don't need PoW because we already completed our distribution phase so we would have an entirely PoS currency. NXT is an example of pure PoS albeit a crappy one.
NXT is pure PoS but why does the wallet suck? The bitcoin wallet looks better why not use that never understood it. And the bitcoin 2.0 coins are even worse with there wallets and they work on top of bitcoin so Mastercoin, Protoshares, and CounterParty.
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