[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 395.

JahPowerBit

sr. member

Activity: 335

Merit: 255

Counterparty Developer

Quote from: qwertyqwerty on March 15, 2014, 08:48:59 PM

Quote from: JahPowerBit on March 15, 2014, 08:46:13 PM

EDIT: Tomorrow I put online a counterpartyws in Transaction composer mode on xcpcomposer.jahpowerbit.org.

So we can effectively run a thin client interfacing with remote node without whole blockchain download?

Yes, and I encourage all those who can, to install a counterpartyws server in Transaction composer mode. My first task on the todo list (cf. the README in github) is to add ability for the GUI to query multiple servers and compare the results.

kdrop22

full member

Activity: 238

Merit: 100

Bitcoin Tangible Trust

Here is some feedback.
Item 1:
Use Case:
User A purchases 10 "Gold Coins" from Bitcoin Tangible Trust. BTT issues 10 coins of type GLDAEA and transfers ownership to User A. User A sells these coins to User B, via the distributed exchange.

After 6 months, User B would like to take physical delivery of their gold coins. So, user B would contact BitcoinTangibleTrust, provide evidence of the private key and request withdrawal. Would this scenario work? As the original purchaser is User A , can they be traded on the distributed exchange?

For redeeming the 10 coins, the current process is to provide evidence of private key. However, this might cause some confusion as the 10 GLDEA coins will still reside in the wallet of user B.

Shouldn't the user be sending you back the 10 GLDAEA coins and provide proof of private key by message signing. Once the transaction is confirmed, you should probably destroy those GLDAEA coins(send it to a burn address). This will greatly simplify the accounting as the total number of outstanding coins will equal the number of physical coins stored in the vault. (Also, this will prevent User B from fradulantly selling the re-demmeded GLDAEA coins to User C).

Item 2:
Once the webwallet is released. You might want to consider marketing the Gold for Bitcoin service to the broader Bitcoin community and not just the XCP community.

Item 3:
This item is probably already on your list. Once the content for the website is finalized, you might want to consider hiring a professional Designer to give the website a more polished look.

qwertyqwerty

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Activity: 202

Merit: 100

Quote from: halfcab123 on March 15, 2014, 08:50:48 PM

Quote from: qwertyqwerty on March 15, 2014, 08:48:59 PM

Quote from: JahPowerBit on March 15, 2014, 08:46:13 PM

EDIT: Tomorrow I put online a counterpartyws in Transaction composer mode on xcpcomposer.jahpowerbit.org.

So we can effectively run a thin client interfacing with remote node without whole blockchain download?

SPoF :/

well, if anyone can run a federated node( like the counterwallet implementation) instructions allude to it doesn't seem so bad at all.

halfcab123

full member

Activity: 224

Merit: 100

CabTrader v2 | crypto-folio.com

Quote from: qwertyqwerty on March 15, 2014, 08:48:59 PM

Quote from: JahPowerBit on March 15, 2014, 08:46:13 PM

EDIT: Tomorrow I put online a counterpartyws in Transaction composer mode on xcpcomposer.jahpowerbit.org.

So we can effectively run a thin client interfacing with remote node without whole blockchain download?

SPoF :/

halfcab123

full member

Activity: 224

Merit: 100

CabTrader v2 | crypto-folio.com

Quote from: JahPowerBit on March 15, 2014, 08:46:13 PM

I just did a push : https://github.com/JahPowerBit/counterpartyws

counterpartyws can now be used in 3 ways :

Heavy GUI
You must have bitcoind running. Counterpartyd follows blocks and uses local sqlite database to compose transaction.

Light GUI
You must have pyrpcwallet running and set composer-host and composer-port in config file. Counterpartyws uses distant counterpartyws running as Transactions Composer.

Transactions composer
You must have bitcoind running. Used by light counterpartyws to compose transactions.

We can say light wallet is ready in beta version (BoottleXCP is in fact only a GUI for counterpartyws, yes a GUI for a GUI ;-))
I need now to embed pyrpcwallet and counterpartyws in boottlexcp, and make intensive tests (Sorry about that, but I really do not have time to test as much as I should. But I planned to write tests as soon as I have time)

EDIT: Tomorrow I put online a counterpartyws in Transaction composer mode on xcpcomposer.jahpowerbit.org.

How do I get the cool ocean background gui

qwertyqwerty

full member

Activity: 202

Merit: 100

Quote from: JahPowerBit on March 15, 2014, 08:46:13 PM

EDIT: Tomorrow I put online a counterpartyws in Transaction composer mode on xcpcomposer.jahpowerbit.org.

So we can effectively run a thin client interfacing with remote node without whole blockchain download?

JahPowerBit

sr. member

Activity: 335

Merit: 255

Counterparty Developer

I just did a push : https://github.com/JahPowerBit/counterpartyws

counterpartyws can now be used in 3 ways :

Heavy GUI
You must have bitcoind running. Counterpartyd follows blocks and uses local sqlite database to compose transaction.

Light GUI
You must have pyrpcwallet running and set composer-host and composer-port in config file. Counterpartyws uses distant counterpartyws running as Transactions Composer.

Transactions composer
You must have bitcoind running. Used by light counterpartyws to compose transactions.

We can say light wallet is ready in beta version (BoottleXCP is in fact only a GUI for counterpartyws, yes a GUI for a GUI ;-))
I need now to embed pyrpcwallet and counterpartyws in boottlexcp, and make intensive tests (Sorry about that, but I really do not have time to test as much as I should. But I planned to write tests as soon as I have time)

EDIT: Tomorrow I put online a counterpartyws in Transaction composer mode on xcpcomposer.jahpowerbit.org.

qwertyqwerty

full member

Activity: 202

Merit: 100

Asking again, in case there is some interest.

I would be interested in a service which can interface with counterparty to allow a user to buy and later redeem a voucher
presumably, an asset would be created; for example 'amazongift10', the user would pay a price pegged to USD 10 equivalent to receive 1 'amazongift10', and would later navigate to a website, enter their email address and then make a tx of this asset, or some other similar mechanism. They can use the DEX to trade this asset too.

I can use API to demonstrate adequate reserves of said voucher, also can publish watch only address of reserves of BTC.

Please forgive my ignorance on the technical aspects.

If any developers out there feel they are capable of creating such a service (if it is even possible) please get in touch discuss & negotiate. I have BTC standing by to fund this project and push adoption of XCP.

kdrop22

full member

Activity: 238

Merit: 100

Businesses and Digital Assets powered by Counterparty

BitcoinTangibleTrust - Bet and trade physical Gold on top of the bitcoin blockchain. A realworld business and asset that is backed by physical gold.
LTBCoin - Official coin of the Let's Tak Bitcoin Show (One of the top Bitcoin podcasts).
MPTStock and MPDollar - a dollar derivative and stock
XBTC - Bitcoin derivative
VBCoin
Others I might have missed ....

The vision is becoming a reality. I am proud to see what the Counteparty Devs + Community of Innovators and Entrepreneurs have accomplised. Lets keep at it.

halfcab123

full member

Activity: 224

Merit: 100

CabTrader v2 | crypto-folio.com

Quote from: ginko-B on March 15, 2014, 07:45:16 PM

Just want to send a shout out to the Counterparty Devs! Thank you for all of the hard work to date!

Seeing the BitcoinTangibleTrust go live this week as the first business built on top of Counterparty must be incredibly exciting and gratifying for you all!

It is SO inspiring to see all of the effort and collaboration that everyone is investing in this amazing in Counterparty!

It has the potential to become a major open source platform with 100s of businesses riding on top!

Thank you! Thank you! Thank you!

+ 1.00000000 !

ginko-B

member

Activity: 82

Merit: 10

Just want to send a shout out to the Counterparty Devs! Thank you for all of the hard work to date!

Seeing the BitcoinTangibleTrust go live this week as the first business built on top of Counterparty must be incredibly exciting and gratifying for you all!

It is SO inspiring to see all of the effort and collaboration that everyone is investing in this amazing in Counterparty!

It has the potential to become a major open source platform with 100s of businesses riding on top!

Thank you! Thank you! Thank you!

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: BitcoinTangibleTrust on March 15, 2014, 05:59:31 PM

Quote from: Matt Y on March 15, 2014, 04:44:33 PM

Sent you guys some feedback on the site via PM, BTT.

Wow! We shared it around the team and we're impressed with the substantial effort, including PNGs!

Thank you for taking your valuable time to share.

A comprehensive response will be upcoming. We like implementing your recommendations. They work!

What you guys are doing is one of the very first steps towards increased utility and adoption. I'm more than happy to help.

BitcoinTangibleTrust

member

Activity: 111

Merit: 10

Digitizing Valuable Hard Assets with Crypto

Quote from: Matt Y on March 15, 2014, 04:44:33 PM

Sent you guys some feedback on the site via PM, BTT.

Wow! We shared it around the team and we're impressed with the substantial effort, including PNGs!

Thank you for taking your valuable time to share.

A comprehensive response will be upcoming. We like implementing your recommendations. They work!

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Sent you guys some feedback on the site via PM, BTT.

MoneypakTrader.com

sr. member

Activity: 472

Merit: 250

Never spend your money before you have it.

We've launched MPUSD, using a 200% double bitcoin reserve, this USD denominated asset will allow USD trading on the Counterparty DEX.
Buy it and make some free XCP. . .

Quote from: MoneypakTrader.com on March 15, 2014, 03:51:15 PM

In order to promote our new Counterparty Assets which are 100% USD backed and redeemable (for full face value in BTC or MP) currency, we'll be paying a total of at least 2000 XCP in dividends to holders of MPUSD over the next month on about a weekly basis. We may or may not continue this promotion after that into future months depending on interest.
At the current distribution levels of 10,000 MPUSD that would be 0.2 XCP per MPUSD if held for the next month (BIG PROFIT!!).
If there is sufficient demand, we will issue and distribute more MPUSD so long as our publicly verifiable Bitcoin reserves are at least 200% of the MPUSD value distributed (to ensure adequate backing for the currency).

We've also designated another 500 XCP to be paid to the first professional/central website exchange that continuously allows MPUSD/BTC trading available to users through TOR for one week without interuptions (linking to the official post description about what MPUSD is). Theoretically, an exchange operator could buy out virtually all of the MPUSD and facilitate trading it on their exchange while doube-dipping into both of these promotions for close to the full XCP reward (provided others don't buy into MPUSD or withdraw their MPUSD from the exchange). This promotion expires April 15th, making April 8th the last day for exchanges to ask for review on the reward (send email or chat message to notify us of your implementation to allow our monitoring of your uptime).

We openly trade cryptocurrencies through Torchat, FacebookChat, and the Counterparty Distributed EXchange (DEX). More info about these new fully backed currencies our feedback thread - https://bitcointalksearch.org/topic/m.5664449

BitcoinTangibleTrust

member

Activity: 111

Merit: 10

Digitizing Valuable Hard Assets with Crypto

Product and Service Updates: March 15, 2014
Our goal will be to offer daily updates on our new Asset Backed Coin services on a daily basis with the Counterparty Community. We welcome your continued feedback as we build our platform and services on Counterparty

Updated FAQ
We have updated our Updated FAQ with the questions and answers we shared with the community this week. We would like to extend our thanks to the following community members who have asked us about our service for the benefit of our new clients and even our newest partners. Special thanks to:

miscreanity
sparta_cuss
porqupine
led_lcd
halfcab123
trilli0n
kdrop22
cityglut
MattY

If there are any other 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.

New Asset Proofs
We are implementing 3 Proofs for all assets we purchase and then hold in custody with our custodian companies. They include the following

Proof of Purchase: We collect and provide all gold and silver purchase receipts for all assets we purchase
Proof of Possession: We share picture proof of all assets under custody possession with Serial Numbers
Proof of Custody: You may all our Custody Companies directly for Proof of Custody Account. This is currently on a per customer basis.

What about Trustless?
We understand that we can do better to decentralize and make this process even more trustless. We will continue to build new features into this process programmatically. We are glad to provide contact information to our Custodians for any of our assets for independent verification.

Our ASK for help today
Will you please look at our website offerings at http://www.bitcointangibletrust.com and share your feedback or criticisms on what we can do to make our offerings compelling for you to purchase a digital gold coin, today?

Many Thanks
The Bitcoin Tangible Trust Team

porqupine

full member

Activity: 214

Merit: 101

Quote from: halfcab123 on March 15, 2014, 01:38:13 PM

Why can't the protocol ping the bitcoin network for a new address when escrow is required. The public and private key pair are double encrypted and stored in the bitcoin block chain and counterparty sends the escrow bitcoin to the address and is able to move them if needed whether canceling or completing an order match.

This seems simple to me, correct me if wrong.

Because someone needs to do generate the new address and generating a new address which is spendable involves generating a private key.

kirivas_s

newbie

Activity: 42

Merit: 0