Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 387. (Read 1276826 times)

+1 A major limitation of Ripple is the asset naming. This would be a major improvement.

+1
Agreed, this is a good suggestion.

Upon first glance this seems pretty damn genius. It's genius because its so simple its almost obviously the way it should be. I hope the developers strongly consider implementing this or something quite like this, as soon as robot/human-hybridally possible.

Edit: That being said this may be something left to other developers to build on top of Counterparty, but I think its fundamental enough to be included in the protocol layer itself.

Think:



And so once an issuer name is chosen, that issuer can create other issuer names of course but they will be the only ones who are permitted to create issuances and sub-issuances relative hierarchically to their issuer name.

And then perhaps blockscan can implement a nice new GUI feature which will allow for collapsing and expanding assets based on this hierarchy of issuance. This will make searching for assets and trusting assets that are issued much much easier and much cleaner of an experience. Good idea GLaDos.

Edit 2: In addition, fees can be adjusted, say... maybe 5 - 10 XCP more or less to register an issuer name, but the issuance might be half that and then the sub-issuances might be even half of half etc., This makes sense to me, but I'm waiting for someone to tell me I'm an idiot or that its not feasible as is common round these parts. -___-

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.

      I think probably the most humorous thing thats happened for me personally since I've gotten involved with XCP, is that as bad as I've wanted the web wallet to come out, I no longer care for it for my own personal use. Having been forced by necessity to use the CLI, I'm quite content with using it without a GUI. It's funny how sometimes a GUI can actually complicate things that would otherwise be much simpler just understanding a few commands.

       I do realize however, that for XCP/Counterparty to gain wide accepted use we will need a user-friendly GUI, much like basic TCP/IP protocol applications were not widely used or built upon until web browsers and email browsers amongst other User Interfaces came about which allowed the average user to take part; and when the average user gets involved thats when the usage explosion happens in any technological advancement. That's when the usage goes through the roof and inevitably incredible amount of capital are available to further develop and build even more incredible creations compounded of other incredible creations.

      There are literally everyday, geniuses building on top of things that they may not quite know they work, but they don't need to because they only need know their piece to build something useful. This is the profundity of technology and something exemplified here by XNOVA's masterpiece of a web wallet as teased in his DropBox link cross-posted on the Counterparty Forums. 

Hypothetically speaking; What is the value proposition for xcp, if counterparty required very little if any xcp to issue assets?

+1

We would like to digitize you on the Counterparty Protocol kdrop22...if you're ermm..amenable to having us put you into custody!

It makes sense now.

We issue asset with unique names for the following three reasons which may not be exhaustive, but should give you a view into why we are trying to grow:

1. Asset diversity is massively immense: Our business objective is to digitize EVERY possible valuable hard asset in existence onto the Counterparty Protocol. As such, we need a very large name space because our owners of these assets number in the millions and their valuables are very unique. For example, there are thousands of types of silvercoins with different make, quality, size, and ownership histories. We use generic catalog names to make these assets easy to identify in our catalog and easy for our customers to discretely digitize and trade. We respect this diversity and don't aim to constrain it as we didn't create it ourselves.

2. Our customer holdings are infinitely diverse: We have many potential customers who want to issue 1 silvercoin, 100 silvercoins or even 5 GoldCoins + 100 Silvercoins. Valuable hard assets come in infintitely diverse holdings that we do not control. However, we do not aim to comingle customer physical assets into 1 asset issuance called SILVERBTT. That would devalue the uniqueness of their holdings and force them to issue these assets on their own. We want to ensure that all our customers believe that BTT will customize their digital assets as per their needs to maintain control and with as many degrees of freedom as they desire.

3. Counterparty is a Protocol: We see and want to use Counterparty as a protocol, like TCP/IP or HTML/SGML. Our objective is to build many digital asset applications and businesses on this protocol. We truly believe that millions of businesses can survive, but only if the protocol is neither too restrictive nor expensive in allowing companies to experiment, build, and eventually scale. Yes. If you are an XCP holder, you should be begging more companies to come and build on protocol by touting the lowest asset issuance fees, the fast and rapid dev team responsiveness and the amazing community here willing to give feedback and help.

If our protocol is not attractive to build an experiment, people will simply find other protocols or fork their own protocols to achieve their business objectives. Ripple, Mastercoin, Bitshares, NXT, Ethereum, and many other protocols yet to launch will gladly accept the companies we discourage because of our fears.

I hope this helps?
BitcoinTangibleTrust

Hi Halfcab, can you please help me with BoottleXCP conf file?

I used the JahPowerBit's sample conf file in https://forums.counterparty.co/index.php/topic,74.0.html except that I used my login credentials.

The word detailed maybe not the one you meant ? It's extremely detailed, it literally holds your hand start to finish and explains every little thing. Or try this http://counterpartyd-build.readthedocs.org/en/latest/

Got it. thanks

I think you may be able to pip3 install apsw - or there are binaries http://code.google.com/p/apsw/downloads/list 
Can't remember exactly how I did it and I don't have my windows pc to check.

Hi Jahpowerbit, When I try to install the BoottleXCP for windows 7, I get the error "No Module named apsw". I am following the steps in http://www.reddit.com/r/xcp/comments/1zzhyg/.

Any help?

Product and Service Updates March 17, 2014
Our goal will be to offer daily updates on our new Asset Backed Coin services on a daily basis with the Counterparty Community. If there are importnt questions the community demands of us, please do ask us these questions. Our mission is to build a reputable service that can increase the value of XCP holders.


Thank you JahPowerBit for his impressive BootleXCP wallet work
We would like to thank JahPowerBit for his amazing wallet work with BootleXP and his upcoming wallet launch. We have forked our own BTT_XCP version of the wallet to create an Asset Trading Wallet. You may check out our initial Repo fork here. We have scaled down the wallet functionality to essentialy focus on digital asset sales and physical redemption. Yes. Our trading wallet is ugly as it is our first born. however, we think asset trading is immensely difficult and we will be looking to incrementally add new wallet features that benefit dumb, lowest barrier to digital asset trading. If you have any thoughts/criticisms, we warmly welcome them.

If you like JahPowerBit's work, please donate to his efforts. We have donated 150XCP in thank yous!
Proof of Donation here: http://www.blockscan.com/address.aspx?q=1AJh4ADaYTNvMJidWz5aUetqnmdeiNSySE


BitcoinTangibleTrust welcomes our First Counterparty Community Gold Buyer
A Counterparty community member reached out out to us to explore diversifying their holdings into our digital Gold Coins. We are working with the buyer get started on our purchase and proof of custody process. As we are new, we are moving slowly to ensure they are comfortable and in control. With their permission, we will also document the transaction in the threads on Bitcointalk and the Counterparty Forums. We will be conducting this purchase at zero fees to establish initial credibility and reputation for our value proposition. If you'd like to work with us on a trial basis for a small gold order, please PM us. We'd love to work with you today as BTC prices continue to fall and Gold continues to rise!


Temporary Counterparty Issuance Fee Reduction
Why is a temporary reduction in Counterparty fees important to the Counterparty ecosystem? It reduces the cost of business model testing for companies seeking to build on the Counterparty protocol. With our first customer above, we are forgoing all our XCP issuance fees to help them launch their first digital coin purchases with BitcoinTangibleTrust. The reduced counterparty fees will make this and other marketing promotions less costly so that we may survive before our burned XCPs run out while searching for a business model. We support the community in the issue of SPAM assets and expect that our use of noninteresting names will be disincentive for Spammers to hoarde asset names. We look forward to an implementation of Proof of Stake voting as the new method for fee issuance.


Our ASK for Community help today
At Bitcoin Tangible Trust, we are looking for global reputable Gold and Silver Sellers, Custodians, outside the USA, who will accept BTC. If you know of any website or contact you think is reputable, will you please PM us with your insights and introductions? Thank you to the community members who have already shared their resources so far.

Thank you Counterparty Community,
Thank you Counterparty Devs
Bitcoin Tangible Trust Team

Possibly wait until Xnova's wallet is released. Due in the next few days, I think.

It is not detailed to me. Do you have a tutorial for easy and fast way of using xcp?

The tutorial on my signature is very detailed.

Hi! Could anyone help me to point out a link or a tutorial how to send/receive XCP on windows?

Thank you!

There are already thousands of assets made that have no relevance but for the asset squatters holding them and you want to lower the fee even more ? That's ridiculous.