Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 405. (Read 1276842 times)

There were a couple of regressions in the dividend and issuance functionality of v6.6, which I was made aware of a couple of hours ago. I pushed fixes to both branches just now.

So because there is a bug in 6.6, and instead of posting it on the main forum or making a pull request on GitHub you wrote an multi-page essay?

Edit: cut down your quote, since it's a pretty senseless wall of text.

So what would you think would be a reasonable price for the coin? What makes you think it has so much potential to rise so much? Obviously market value reflects the benefit of a coin.
Indeed I think its too much technical for average Joe to enter the market...

Any word if the dev's will get this feature working? That would be awesome!
Nobody has been able to get the master branch of 6.6 to pay dividends (in EITHER BTC OR XCP) and nobody has been able to get it to issue assets either. Did you get it working again in the test branch?
Would love to be proved wrong on this, but it's unlikely unless they unbreak those features: http://www.blockscan.com/tx.aspx shows dividends/issuances have not been made since the version update, although a hacker could use an older version or otherwise tweak/alter the program for a workaround to use these features.
NOTE: The master branch is the "stable" release that end-users are practically forced to upgrade to or else the program won't work and instead sputters out errors after directly connecting to the dev's repository from your computer.

You gotta read the fine print: https://www.counterparty.co/pay-dividends-with-bitcoin/
"The Counterparty protocol does all of the work and shareholders will receive BTC as they normally do."
i.e. shareholders DON'T normally receive BTC dividends through counterparty (and can't receive ANY kind of dividend in 6.6 as well, XCP, DEX asset, or otherwise).

You can't just go around blindly believing everything these spokespeople and "devs" say. I understand you all want the price of XCP to skyrocket and that there is a sincere desire to want this centrally controlled and distributed counterpartyd software to work well and have strong incentive to believe when the devs/spokespeople say"it works". But you can see in my post history numerous examples of these heads spouting false information and refusing to listen to reason in regards to fixing counterparty protocol/software problems such as when we warned them not to implement the 10 block limit on BTC offers because it would CRIPPLE people's ability to offer BTC for XCP or other DEX assets.
https://forums.counterparty.co/index.php/topic,71.0.html

TAKEAWAY: Don't believe this current 6.6 version will issue assets or pay dividends (in btc or ANY DEX asset). They've broken all of those features and then pushed the broken versions to the master branch for everyone to "use".
HOWEVER: You can count on the Dev's repository being connected to by the program with the EXACT time/IP/etc. EACH TIME you issue any command through their software. But we trust these anonymous guys not to abuse that info, right?

NEW INVESTORS: There's TWO WORKING EXCHANGES where you can buy XCP!! PLEASE HELP Burn investors and buy some XCP! DON'T WAIT for these dev's to revise the DEX into a functional exchange  to place a buy order for XCP!!! They decided to ignore our advice and a) give you 10 blocks to accept someone's XCP offer, and b) "Suggest" a 1% trading fee (on top of the ~50 cents of transfer fees PER XCP transaction) so you'll need to go to bter or poloniex to place a buy order with your BTC if you're a professional trader or plan to do any kind of volume trading.

References:
https://forums.counterparty.co/index.php/topic,71.0.html (The best proposal for fixing the DEX to allow BTC trading to flourish on there)
https://bitcointalksearch.org/topic/m.5660830 (XCP spokesperson WRONG on XCP functionality in regards to dividends, asset issuances silently broken by Devs)
https://bitcointalksearch.org/topic/m.5009383 (Core Dev corrected for understating the fees actually required for using XCP)
https://bitcointalksearch.org/topic/m.5069688 (Core XCP Dev wrong on lost fees for using XCP)
https://bitcointalksearch.org/topic/annxcp-counterparty-pioneering-peer-to-peer-finance-official-thread-395761 (more discussion of required fees / default fees)
https://bitcointalksearch.org/topic/m.5066521 (Primary XCP Dev WRONG on how orders are matched by protocol)
https://bitcointalksearch.org/topic/m.5066772 (More about Multisig fees, DEX fees, and protocol quickfixes are proposed but promptly ignored by core devs)
https://bitcointalksearch.org/topic/m.5049089 (Request for explanation on how more fees will not hinder DEX BTC trading promptly ignored).
https://bitcointalksearch.org/topic/m.5008694 (Fees for using Counterpartyd/DEX explained in more detail).
https://bitcointalksearch.org/topic/m.4986698 (BiggestFish wrong on how basic Bitcoin protocol transaction fees work)

True, they are geniuses.

I spoke to some 'naive' cryptocoin users in Bitcoin meetup. They don't want to buy/invest/trade in some coins which is too technical for them.

Hope counterwallet and the marketing plans bring them on board.

All the geniuses selling XCP at .007 are like the people who sold their bitcoins at 1 dollar. Sorry, just had to say it.

thanks for the link, what I am referring to is not the distribution. it is the point when the show/project starts getting money (I know that nxt paid quite a massive amount for advertisement on that show). Is the money inflow directly, without any intermediary, linked to ltbcoin? Just imagine I am holder of ltbcoin and I am interested in the dividend I am getting for holding, the dividend is obviously in some way connected to the money inflow, can I see the total amount of money inflows on the blockchain?

check www.ltbcoin.com for how LTB coin will be distributed.[

is adam here or does he have a thread in the counterparty forum? could not find it regarding the ltbcoin. do not want to spam this thread with meta/network coins.

anyway I think this idea of creating a coin (well basically it is a stock isn't it) is quite powerful, I am with cryptos because the it gives completely new ways of allocation. I think that it is what he is referring to with that this can change how we can value the creation of new content.

a second very powerful spot is the transparency given by this technology of the blockchain/public ledger. I have a question regarding that: Do you think it is possible that not only the money outflows as explained in your videos can be allocated by the coins but only the money inflows. So imagine I am a holder of LTBcoins, LTB gets money due to advertisment/whatever, is it possible that this money is directly allocated on the ledger belonging to the ltbcoin, without any intermediary?

Assuming that you use counterparty, this sounds possible doesn't it? - A person pays 1 BTC for the advertisement in your show, the money is directly send to the ledger belonging to ltbcoin, the holders can directly see the money inflow/outflow?

In general I think it was never possible before to give that level of trustless transparency to stock holders. If you plan doing that count me in, as stock holder. Because I think what you are doing here in general is really really big.

only if counterwallet is available before the end of this month

LTBCoin will be issued via Counterparty but Goxcoin will be issued via Mastercoin.

LTBCoin and Goxcoin are about to issue the asset via counterparty: http://bitcoinmagazine.com/10971/dacs-adamblevine-ltbcoin-goxcoin/

Just waiting for Counterparty Web wallet.

Probably not on the protocol level, but we could do it on counterpartd level, such as having a command in counterpartyd gets the amount of asset that each address holds, and send btc proportionally to that with sendmany to minimize fee

its a waiting game as to when counter party will be sky rocketing to the moon

Much needed feature. Very glad to see this added.

If counterparty can command bitcoind to send bitcoin transaction fees I'm not sure why it can't command it to send any arbitrary amount, it actually seems rather trivial.

Edit: the whole point of rpc is to allow third party apps not juset access to read the block chain but to perform any action that bitcoind can perform; externally. Why can't counterparty use that ability and then add specifics concerning the bitcoin to the xcp database

yes but can someone explain how this is done?    these metaprotocols don't control btc,  the best one could do is provide the issuer admin a snapshop of btc addresses and % ownership.

i'm sure this system does note get abused at all by doge people

Counterpartyd version 6.6 allows dividend payments to be made in bitcoin: https://www.counterparty.co/pay-dividends-with-bitcoin/

Very cool.

+1, don't upvote