[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 386.

Fernandez

legendary

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Quote from: halfcab123 on March 19, 2014, 04:03:39 AM

I don't see why xcp and msc can't coexist, I think there are some frightened investors over there :/

They will end up with similar feature set, so unlikely both will be successes.

The main problem for XCP seems to be the lack of funds. Even though XCP has shown more competent developers, competing over a long time against MSC with lots of funds is difficult.

pikuchato

hero member

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Activity: yes

Noob question, please explain

Does NXT, XCP and etherium try to accomplish the same thing?
The only difference is that XCP runs on the bitcoin chain?

deliciousowl

sr. member

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Quote from: halfcab123 on March 19, 2014, 04:03:39 AM

I don't see why xcp and msc can't coexist, I think there are some frightened investors over there :/

hate to reiterate this, because the phrase is so worn out, but

first they ignore you, then they laugh at you, then they fight you, then you win.

halfcab123

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CabTrader v2 | crypto-folio.com

I don't see why xcp and msc can't coexist, I think there are some frightened investors over there :/

led_lcd

sr. member

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Quote from: Anon136 on March 19, 2014, 01:16:46 AM

Quote from: kdrop22 on March 19, 2014, 12:45:04 AM

Quote from: Anon136 on March 19, 2014, 12:24:07 AM

is counterparty ready for the issuance of basic assets? something simple like claim checks?

Yes, you can issue assets in counterparty. The functionality has been in place for a month, you are welcome to check it out.
http://www.blockscan.com/asset.aspx

Any considerable risk of the asset getting wiped at some point in the future? can people trade them with each other?

I don't forsee a reason for any asset being wiped out. They are being used for 'real' purposes now.

There are some real user issued assets that are in circulation and yes they can be traded in the DEX.

cf
MPTSTOCK http://www.blockscan.com/assetInfo.aspx?q=MPTSTOCK
CAKE http://www.blockscan.com/assetInfo.aspx?q=CAKE
XBTC http://www.blockscan.com/assetInfo.aspx?q=XBTC (this was issued by myself)

kdrop22

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Quote from: Anon136 on March 19, 2014, 01:16:46 AM

Quote from: kdrop22 on March 19, 2014, 12:45:04 AM

Quote from: Anon136 on March 19, 2014, 12:24:07 AM

is counterparty ready for the issuance of basic assets? something simple like claim checks?

Yes, you can issue assets in counterparty. The functionality has been in place for a month, you are welcome to check it out.
http://www.blockscan.com/asset.aspx

Any considerable risk of the asset getting wiped at some point in the future? can people trade them with each other?

I would say it is quite safe, as the assets are stored on the Bitcoin blockchain. I have been using it in the command prompt for quite some time.
Yes, people can trade them with each other in the Distributed Exchange.

Anon136

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Quote from: kdrop22 on March 19, 2014, 12:45:04 AM

Quote from: Anon136 on March 19, 2014, 12:24:07 AM

is counterparty ready for the issuance of basic assets? something simple like claim checks?

Yes, you can issue assets in counterparty. The functionality has been in place for a month, you are welcome to check it out.
http://www.blockscan.com/asset.aspx

Any considerable risk of the asset getting wiped at some point in the future? can people trade them with each other?

Bountyful

newbie

Activity: 45

Merit: 0

Quote from: Anon136 on March 19, 2014, 12:24:07 AM

is counterparty ready for the issuance of basic assets? something simple like claim checks?

You can even get started with the wiki examples, as well here https://www.counterparty.co/wiki/assets/

kdrop22

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Activity: 238

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Quote from: Anon136 on March 19, 2014, 12:24:07 AM

is counterparty ready for the issuance of basic assets? something simple like claim checks?

Yes, you can issue assets in counterparty. The functionality has been in place for a month, you are welcome to check it out.
http://www.blockscan.com/asset.aspx

Anon136

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is counterparty ready for the issuance of basic assets? something simple like claim checks?

porqupine

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Quote from: kdrop22 on March 18, 2014, 11:01:12 PM

Quote from: ASIC-8Tile on March 18, 2014, 10:41:56 PM

Upgrade.

Tried to run counterpartyd server command

a) Rename the counterparty install folder.
C:\counterpartyd_buildTEMP
(You can delete this later, once you get a working install)
b) Pull from Github again, it should download a fresh copy
c) Follow the instructions to complete the reinstall.
http://counterpartyd-build.readthedocs.org/en/latest/BuildingFromSource.html#on-windows

If still not resolved, post in the Technical Support/Build thread in : https://forums.counterparty.co/

Check if your counterpartyd is up to date - cd into /dist/counterpartyd and git pull from there

kdrop22

full member

Activity: 238

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Quote from: ASIC-8Tile on March 18, 2014, 10:41:56 PM

Upgrade.

Tried to run counterpartyd server command

a) Rename the counterparty install folder.
C:\counterpartyd_buildTEMP
(You can delete this later, once you get a working install)
b) Pull from Github again, it should download a fresh copy
c) Follow the instructions to complete the reinstall.
http://counterpartyd-build.readthedocs.org/en/latest/BuildingFromSource.html#on-windows

If still not resolved, post in the Technical Support/Build thread in : https://forums.counterparty.co/

ASIC-8Tile

sr. member

Activity: 279

Merit: 250

Upgrade.

Tried to run counterpartyd server command
1.) Received following error.
C:\counterpartyd_build>echo off
Traceback (most recent call last):
File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 598, i
n
util.versions_check(db)
File "C:\counterpartyd_build\dist\counterpartyd\lib\util.py", line 300, in ver
sions_check
raise exceptions.ClientVersionError('Please upgrade counterpartyd to the lat
est version and restart the server.')
lib.exceptions.ClientVersionError: Please upgrade counterpartyd to the latest ve
rsion and restart the server.

2.) Tried C:\counterpartyd_build>git pull origin master
From https://github.com/xnova/counterpartyd_build
* branch master -> FETCH_HEAD
Already up-to-date.

What am I missing to upgrade?
Please add upgrade paths/instructions to main BTT page and/or GIT/reddit.

Thanks

Anotheranonlol

hero member

Activity: 588

Merit: 504

Quote from: BitcoinTangibleTrust on March 18, 2014, 08:12:44 PM

Quote from: PhantomPhreak on March 18, 2014, 08:02:09 PM

That's definitely possible.

+1

Let the Counterparty Asset Issuance innovation grow!

Thanks. I would like to begin but not the best person for the job. currently don't have a full enough understanding of the protocol to be able to offer., also I think the right person to issue such an asset would need to have established a history of trust, so users will be somewhat assured they will make good on their promise of redemption.

I will wait a while to see if anyone with more credible history/fuller understanding of counterpart offers, then try and get stuck in learning more about the procedure if nobody steps up because I do believe such a thing will be beneficial

crypto era

newbie

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Quote from: ?? on ??

The XCP will never make it. You bastards are more interested in having pride that u created something. But hey, this altcoin era is about making money. whatever you have done is not invincible. I have been watching this shit since it conception in January. This coin is dead. XCP has given the worst return to its investors. Developers are boasting themselves as genius and busy rather than supporting price of XCP. If you all burners want atleast your investment back, get out of this shit now.

I saw a person just lash out at you for your opinion. that person in the wrong just like you. About the investment return it will be a gradual increase when the online wallet hits mainnet. It's unpredictable because most are just using a command line. The developers have not boasted at all. They have been low profile and only talk to give help on there creation. They just give the information on what the coin does. Not sure that's boasting, it's more informative. You look at cryptocurrency as a flash in the pan/get quick rich kind of thing. "this altcoin era is about making money" if you honestly think this than you don't see what they can be and you are just scrambling around like a chicken with it's head cut off. Just following another chart for another thing to trade. I want you to inform yourself before you decide to write slander on something you do not understand. Please write another reply with at least a fact in it.

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: ?? on ??

The XCP will never make it. You bastards are more interested in having pride that u created something. But hey, this altcoin era is about making money. whatever you have done is not invincible. I have been watching this shit since it conception in January. This coin is dead. XCP has given the worst return to its investors. Developers are boasting themselves as genius and busy rather than supporting price of XCP. If you all burners want atleast your investment back, get out of this shit now.

This is very likely blow back from what occurred here over the last day or so: https://bitcointalksearch.org/topic/m.5750361

BitcoinTangibleTrust

member

Activity: 111

Merit: 10

Digitizing Valuable Hard Assets with Crypto

Quote from: PhantomPhreak on March 18, 2014, 08:02:09 PM

Quote from: Anotheranonlol on March 18, 2014, 07:42:59 PM

Anybody who is interest in creating such an asset like below? if it is possible?

example; Asset issuer creates BTCEUSD asset with qty 10,000 (equating to 10,000 'shares/tokens' of 1 BTC- EUSD and total value of 10,000 USD) . They make sure to keep a balance of min 10,000 USD in BTC-E exchange

The issuer would show a public API key and publish this with read-only query privileges enabled in the asset description area to demonstrate they hold full reserves of USD
This can be transparently verifiable by public. example below

Code:

{
	"success":1,
		"return":{
		"funds":{
			"usd":10000,
			"btc":0,
			"sc":0,
			"ltc":0,
			"ruc":0,
			"nmc":0
		},
		"rights":{
			"info":1,
			"trade":0
		},
		"transaction_count":0,
		"open_orders":0,
		"server_time":xxxxxxx
	}
}

Users, at any time can visit a website and redeem the number of shares for BTC-E vouchers amounting to the corresponding BTCEUSD they hold. (maybe they would first select amount and provide mail address, then sign a message stating number of shares to be transferred, then make the transfer, voucher would then be mailed to them)

This way, the users could trade in/out of USD seamlessly on DEX whilst still keeping BTC off-exchange. and not being exposed to the associated risks that brings. Of course they would still be at mercy of trusting the issuer will always give redemption of these USD, with trusted persons managing the assets this risk could be negated somewhat.

is it even technically achievable to do this using counterparty?

That's definitely possible.

+1

Let the Counterparty Asset Issuance innovation grow!

PhantomPhreak

sr. member

Activity: 476

Merit: 300

Counterparty Chief Scientist and Co-Founder

Quote from: Anotheranonlol on March 18, 2014, 07:42:59 PM

Anybody who is interest in creating such an asset like below? if it is possible?

example; Asset issuer creates BTCEUSD asset with qty 10,000 (equating to 10,000 'shares/tokens' of 1 BTC- EUSD and total value of 10,000 USD) . They make sure to keep a balance of min 10,000 USD in BTC-E exchange

The issuer would show a public API key and publish this with read-only query privileges enabled in the asset description area to demonstrate they hold full reserves of USD
This can be transparently verifiable by public. example below

Code:

{
	"success":1,
		"return":{
		"funds":{
			"usd":10000,
			"btc":0,
			"sc":0,
			"ltc":0,
			"ruc":0,
			"nmc":0
		},
		"rights":{
			"info":1,
			"trade":0
		},
		"transaction_count":0,
		"open_orders":0,
		"server_time":xxxxxxx
	}
}

Users, at any time can visit a website and redeem the number of shares for BTC-E vouchers amounting to the corresponding BTCEUSD they hold. (maybe they would first select amount and provide mail address, then sign a message stating number of shares to be transferred, then make the transfer, voucher would then be mailed to them)

This way, the users could trade in/out of USD seamlessly on DEX whilst still keeping BTC off-exchange. and not being exposed to the associated risks that brings. Of course they would still be at mercy of trusting the issuer will always give redemption of these USD, with trusted persons managing the assets this risk could be negated somewhat.

is it even technically achievable to do this using counterparty?

That's definitely possible.

Anotheranonlol

hero member

Activity: 588

Merit: 504

Anybody who is interest in creating such an asset like below? if it is possible?

example; Asset issuer creates BTCEUSD asset with qty 10,000 (equating to 10,000 'shares/tokens' of 1 BTC- EUSD and total value of 10,000 USD) . They make sure to keep a balance of min 10,000 USD in BTC-E exchange

The issuer would show a public API key and publish this with read-only query privileges enabled in the asset description area to demonstrate they hold full reserves of USD
This can be transparently verifiable by public. example below

Code:

{
	"success":1,
		"return":{
		"funds":{
			"usd":10000,
			"btc":0,
			"sc":0,
			"ltc":0,
			"ruc":0,
			"nmc":0
		},
		"rights":{
			"info":1,
			"trade":0
		},
		"transaction_count":0,
		"open_orders":0,
		"server_time":xxxxxxx
	}
}

Users, at any time can visit a website and redeem the number of shares for BTC-E vouchers amounting to the corresponding BTCEUSD they hold. (maybe they would first select amount and provide mail address, then sign a message stating number of shares to be transferred, then make the transfer, voucher would then be mailed to them)

This way, the users could trade in/out of USD seamlessly on DEX whilst still keeping BTC off-exchange. and not being exposed to the associated risks that brings. Of course they would still be at mercy of trusting the issuer will always give redemption of these USD, with trusted persons managing the assets this risk could be negated somewhat.

is it even technically achievable to do this using counterparty?

BitcoinTangibleTrust

member

Activity: 111

Merit: 10

Digitizing Valuable Hard Assets with Crypto

Quote from: GLaDOS on March 18, 2014, 06:39:08 PM

An simple idea that seems to have been ignored on the official forums...

Wouldn't it be easier to just allow dots in the asset names (hint: Global_trade_repo's hierarchy idea)?

That way BTT.UNIQUESILVER and BTT.RARECOIN would not collide with someone else's UNIQUESILVER and RARECOIN?
As suggested by Global_trade_repo, the asset names with dots in them could cost less to issue.

Not only that, but the buyers could be more confident that the assets were issued from BTT without rechecking/verifying the description/catalog. An impostor could issue a VERYRARECOIN with a description poiting to BTT's catalog for example. But the impostor cannot fake a BTT.VERYRARECOIN asset if it's required to own the BTT asset first.

We should also allow other characters such as #, $, %, and digits after the dot in the asset names. So BTT can issue BTT.SILVER$100 or BTT.GOLD#1906 for example.

Otherwise, assuming a business can issue 100000+ assets, how does it go about organizing/tracking assets efficiently? It much easier to match BTT.GOLD#1906 or BTT.RAREGOLD#18394 from a catalog than to search for BTT.GOLDXFR and BTT.RAREGOLDSXR to identify the asset.

If Counterparty is a protocol like TCP/IP, then we will need a flexible asset naming scheme that works almost like the domain naming system.

The BitcoinTangibleTrust team supported this approach on the official forums, as well. Global_trade_repo's suggestion was genius. We like it for more extensive naming degrees of freedom.

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 386. (Read 1276826 times)