Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 400. (Read 1276826 times)

Someone posted these?   info from  cityglut1  :Sergio Lerner, a Bitcoin security expert, began his audit of counterpartyd on March 5, and will be completing it by March 19. He and PhantomPhreak are in correspondence regarding the Counterparty protocol.

It looks like Netagio is a European corporation. According to their website, anyone outside of Europe cannot open an account. So there could still be an opening for Counterparty.

Edit: What does a distributed protocol offer that a private company does not? This is a question that all cryptocurrencies will have to answer.

Xnova: 2 questions if you have time. I know you are busy making magical things that will make us all very happy.

1. Are we going to be able to import private keys ? I hope to God lol. This could put a damper on new investors being able to even use this if they have XCP associated with a Bitcoin address on blockchain.info and have no way to send these xcp to the wallet or import the private key for the addresses that have xcp.

2. I'm a developer, I'm very interested on how to setup a server that syncs the bitcoin blockchain, I assume thats in the Bitcoin wiki ? ANy idea where ? And then how to get counterpartyd to run on the server, but most importantly how to interface and keep track of several user accounts. Is this setup going to be like blockchain.info where the server doesn't actually have access to the user accounts ? Like andreas antonopolous said about blockchain.

EDIT: Also what extra security measures are going to be in place beyond that which the hosting service provides, unless of course you are hosting your own. In addition, last question, how is this being funded, upkeep etc., ?

Thank you!

selling 3 XCP for 30 BTC if anyone from the future is interested.

You can send it to any Bitcoin address for which you control the private keys. There will be no issues intermingling BTC and XCP in an address. You can verify the amount of XCP in the address at www.blockscan.com.
I would recommend you create a paper wallet and send those funds in there.

One quick question,

To import an existing fund, is there a command to send asset to many holders in batch, something similar to BTC's sendmany?

Don't worry XCP price. It will go to moon in middle-long term. We should pay more attention to the project progress,not the price.

The answer is "yes".

Simply lock the XCP required for asset issuance, only to be released upon liquidation of the asset. This can then be counted as a financial (cash equivalent?) asset in bankruptcy circumstances.

Great work.

One question:
Since the web wallet is based on pass phrases, there's no way to import private keys. Hence, the users have to send their XCP holding to a new address generated by the web wallet, right? In this case, my previous prediction that the web wallet will bring a lot of sellers immediately may be not so correct, hence they still have to install all the dependency before they can send their XCP.

There were several surveys conducted with existing clients and GoldMoney now has a partner company, Netagio.

I have a couple of questions.  I recently purchased some XCP on an exchange.  I have not yet set up an XCP wallet/client, and I will probably just wait until a Mac wallet is released, because I don't want to download yet another full BTC blockchain in a VM on my MacBook.  But I would like to get my XCP off the exchange for security purposes.

So, can I withdraw my coins from the exchange?  Can I just give it one of my BTC addresses, and the XCP will be sent to that address?  (I believe the answer will be yes.)  I understand that I will not be able to send/spend them until I set up an XCP wallet, and that's fine... this is more of a "buy and hold" investment.

Assuming that the answer to the first question is "Yes", is my BTC address now restricted in any way?  I understand that XCP uses BTC as a "transport layer".  Does this mean that my BTC address will receive some amount of BTC, with the XCP encoded on it somehow?  If so, I would have to be careful not to send out those "XCP marked" BTC.  Or is the whole thing handled differently, and I'm free to spend my BTC address down to 0 BTC if I want to, but my XCP will still be tracked separately?

I think I know the answers here, but just wanted to be sure before withdrawing my XCP to a BTC address that I use frequently.

Yes. We have enough time to wait.

Very very cool! Thanks for great work!

I'd like to see a flat rendition of the current, with flat colors

Well, seems like the current proposals are not getting much love, for obvious reasons. At least, the current one looks different, and is not like a coin with a random shitty picture of a bird, dog, USD sign... You name it.
Did you only receive those 6 proposals ? Can we see the others ?

The protocol does not allow for any more XCP to be created.

The number XCP destroyed for asset issuance will be changed depending on the price. But since the price of XCP is extremely volatile and the asset issuance feature is rarely right now, it seems premature and misguided to try to pick what an appropriate number would be. In the future, a proof-of-stake voting system regarding fee-sizes is probably the best solution, as it is the most general, but that would not be a trivial thing to implement.


XCP are use for callable assets, asset creation, bets and betting fees; neither BTC nor user-created assets can be used for any of these features. BTC cannot be escrowed by the protocol, so it cannot be used for bets, and having Counterparty's native currency will simplify and increase the liquidity of bets. Also, since betting fees are a fraction of a bet, it also ensures that feed-operators get paid in one of the most widely used and stable currencies in the Counterparty ecosystem.

This is a fine idea, but with such things the devil is realyl in the details. It's very important to keep the Counterparty protocol as simple as possible... especially at this stage, when people are not using the existing functionality anywhere near as much as they could. The network has a great potential to scale, and we have to avoid hard-coded values, fees, etc. wherever possible. Worse is better.

I have a question with regards to XCP's use within the ECOsystem:

1) burning 5xcp's per asset: even if overtime this goes down to 2 or 3xcps- I imagine that if 300,000 assets are created overtime (not much if you think of it as many will not last etc.)- you would end up taking about 1M XCPs from "circulation". Since XCPs are finite- what happens then? or is the intention to always create XCPs for burning purposes after buying them with BTCs? please clarify

2) Is there an intention to increase the 2.6M XCPs or is this prohibited by the protocol (and will not be right in my opinion)?

3) I'm trying to understand the use of XCPs: 1) asset creation 2) betting will require XCPs? or can they use any coin created on top of counterparty? 3) same with DACs: will they be required to use XCPs aside from the initial issuance of stocks?

I am asking because: if one can use BTCs or XBTCs on top of the system so there is no use for XCPs realy aside from the issuance, so wht can drive the value of the XCP as currency (even within the ecosystem- I know I will not buy a flight ticket with it but with BTC)

Thanks