[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 428.

kdrop22

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Quote from: jpdeng on March 03, 2014, 12:14:19 AM

When will the GUI wallet come out?

There is a GUI currently, however this requires you to download and reindex the blockchain.

There is also a WebWallet under development (final release in about 3 weeks), this will be really easy to use and does not require any downloads.

qwertyqwerty

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Quote from: DaFockBro on March 02, 2014, 11:11:13 PM

Quote from: saras_wati2014 on March 02, 2014, 02:21:41 PM

Quote from: supervine on March 02, 2014, 02:07:06 PM

Hey guys, something weird happening on Poloniex. Every few hours come guy and sell hundreds and thousands of XCPs. He just match all buy orders from up down to 7.6. He just fixes the price for over a week on same place. It seems to me, according to this behavior, is the same guy.
He already sold tens of thousands of coins.
I don't know from where he have so many coins and why he sell so urgent as soon as price goes up a little (but still very cheap).
I have no problem with that (opportunity to new people buy with cheap prices) and by myself not hurry to sell my XCPs soon.
Maybe it will be sound paranoid, but I (and some other people) starting to think maybe he found some breach in the protocol to get free coins from nowhere or steal someone else's (similar to the white hat we saw before) and make some doubts and worries.
Is there any way to investigate this? It may be just thoughts, but maybe a bug... If this a bug, better it would fixed ASAP...

Could it be this address, 15vA2MJ4ESG3Rt1PVQ79D1LFMBBNtcSz1f?

Maybe someone wants to get rid of some XCP, but the volume is too low to just put up a wall?

At the current Poloniex volume, it would take a minimum of 6 hours for a 1000 XCP sell wall to get eaten through.

If I wanted to quickly sell 1000 XCP on Poloniex right now without waiting 6+ hours, I would have to sell all the way down to .00711 BTC/XCP

seems a more likely explanation, admin of site can check more thoroughly.

jpdeng

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When will the GUI wallet come out?

DaFockBro

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Activity: 126

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Quote from: saras_wati2014 on March 02, 2014, 02:21:41 PM

Quote from: supervine on March 02, 2014, 02:07:06 PM

Hey guys, something weird happening on Poloniex. Every few hours come guy and sell hundreds and thousands of XCPs. He just match all buy orders from up down to 7.6. He just fixes the price for over a week on same place. It seems to me, according to this behavior, is the same guy.
He already sold tens of thousands of coins.
I don't know from where he have so many coins and why he sell so urgent as soon as price goes up a little (but still very cheap).
I have no problem with that (opportunity to new people buy with cheap prices) and by myself not hurry to sell my XCPs soon.
Maybe it will be sound paranoid, but I (and some other people) starting to think maybe he found some breach in the protocol to get free coins from nowhere or steal someone else's (similar to the white hat we saw before) and make some doubts and worries.
Is there any way to investigate this? It may be just thoughts, but maybe a bug... If this a bug, better it would fixed ASAP...

Could it be this address, 15vA2MJ4ESG3Rt1PVQ79D1LFMBBNtcSz1f?

Maybe someone wants to get rid of some XCP, but the volume is too low to just put up a wall?

At the current Poloniex volume, it would take a minimum of 6 hours for a 1000 XCP sell wall to get eaten through.

If I wanted to quickly sell 1000 XCP on Poloniex right now without waiting 6+ hours, I would have to sell all the way down to .00711 BTC/XCP

qwertyqwerty

full member

Activity: 202

Merit: 100

Quote from: led_lcd on March 02, 2014, 04:13:51 PM

Quote from: supervine on March 02, 2014, 02:19:09 PM

Israeli hackathon teams working hard to implement sport betting on XCP.
Good luck guys...
http://www.meetup.com/BTCHACKIL/events/166860292/

That's great. Is there a way we can support them?

I couldn't see a mention specifically of counterparty there, but did see that they are sponsored by mastercoin foundation?
If they are working with counterparty I would be interested in donating towards any innovative development efforts

led_lcd

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Activity: 262

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Quote from: supervine on March 02, 2014, 02:19:09 PM

Israeli hackathon teams working hard to implement sport betting on XCP.
Good luck guys...
http://www.meetup.com/BTCHACKIL/events/166860292/

That's great. Is there a way we can support them?

nakaone

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Activity: 742

Merit: 500

Quote from: kdrop22 on March 02, 2014, 02:34:24 PM

Quote from: supervine on March 02, 2014, 02:29:02 PM

Quote from: saras_wati2014 on March 02, 2014, 02:21:41 PM

Could it be this address, 15vA2MJ4ESG3Rt1PVQ79D1LFMBBNtcSz1f?

I don't know the address. It's inside the exchange. Only busoni can know his address.

I don't so, it does not appear that way from the transaction history. Lets not speculate.

not completely sure but i guess it is the adress of the exchange. i think probably some burners are simply selling for a price they are fine with to freeroll or something. you should keep in mind that this is a seller market due to the (wanted) lack of marketing in the early days. at current prices "only" around 7000-8000 xcp were traded in the last 24 hours.

kdrop22

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Activity: 238

Merit: 100

Quote from: supervine on March 02, 2014, 02:29:02 PM

Quote from: saras_wati2014 on March 02, 2014, 02:21:41 PM

Could it be this address, 15vA2MJ4ESG3Rt1PVQ79D1LFMBBNtcSz1f?

I don't know the address. It's inside the exchange. Only busoni can know his address.

I don't so, it does not appear that way from the transaction history. Lets not speculate.

supervine

member

Activity: 93

Merit: 10

Quote from: saras_wati2014 on March 02, 2014, 02:21:41 PM

Could it be this address, 15vA2MJ4ESG3Rt1PVQ79D1LFMBBNtcSz1f?

I don't know the address. It's inside the exchange. Only busoni can know his address.

saras_wati2014

newbie

Activity: 32

Merit: 0

Quote from: supervine on March 02, 2014, 02:07:06 PM

Hey guys, something weird happening on Poloniex. Every few hours come guy and sell hundreds and thousands of XCPs. He just match all buy orders from up down to 7.6. He just fixes the price for over a week on same place. It seems to me, according to this behavior, is the same guy.
He already sold tens of thousands of coins.
I don't know from where he have so many coins and why he sell so urgent as soon as price goes up a little (but still very cheap).
I have no problem with that (opportunity to new people buy with cheap prices) and by myself not hurry to sell my XCPs soon.
Maybe it will be sound paranoid, but I (and some other people) starting to think maybe he found some breach in the protocol to get free coins from nowhere or steal someone else's (similar to the white hat we saw before) and make some doubts and worries.
Is there any way to investigate this? It may be just thoughts, but maybe a bug... If this a bug, better it would fixed ASAP...

Could it be this address, 15vA2MJ4ESG3Rt1PVQ79D1LFMBBNtcSz1f?

supervine

member

Activity: 93

Merit: 10

Israeli hackathon teams working hard to implement sport betting on XCP.
Good luck guys...
http://www.meetup.com/BTCHACKIL/events/166860292/

supervine

member

Activity: 93

Merit: 10

Hey guys, something weird happening on Poloniex. Every few hours come guy and sell hundreds and thousands of XCPs. He just match all buy orders from up down to 7.6. He just fixes the price for over a week on same place. It seems to me, according to this behavior, is the same guy.
He already sold tens of thousands of coins.
I don't know from where he have so many coins and why he sell so urgent as soon as price goes up a little (but still very cheap).
I have no problem with that (opportunity to new people buy with cheap prices) and by myself not hurry to sell my XCPs soon.
Maybe it will be sound paranoid, but I (and some other people) starting to think maybe he found some breach in the protocol to get free coins from nowhere or steal someone else's (similar to the white hat we saw before) and make some doubts and worries.
Is there any way to investigate this? It may be just thoughts, but maybe a bug... If this a bug, better it would fixed ASAP...

philipmicklon

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Activity: 176

Merit: 100

Any ETA on when we might have a GUI for the DEx?

Bountyful

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Quote from: halfcab123 on March 02, 2014, 01:48:14 PM

So would it not be possible for the Bitcoin development team to simply implement all of counterparty features directly into the protocol ? Like say, in version 1.0 ...

And if so would they have any incentive to do so?

Yes. It would be possible and the bitcoin development team is always reviewing altcoins and alt protocols. Their incentives are to protect bitcoin and to protect the bitcoin mining pools. Counterparty neither threatens nor improves these in any significant way to warrant much interest, just right now.

halfcab123

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Activity: 224

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CabTrader v2 | crypto-folio.com

So would it not be possible for the Bitcoin development team to simply implement all of counterparty features directly into the protocol ? Like say, in version 1.0 ...

And if so would they have any incentive to do so?

ginko-B

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Activity: 82

Merit: 10

Quote from: halfcab123 on March 02, 2014, 08:52:55 AM

Quote from: mtbitcoin on March 02, 2014, 07:25:31 AM

Quote from: cityglut on March 01, 2014, 08:03:12 PM

Announcement:
On that note, in the first blog post, we announce that the Counterparty team has hired two Bitcoin security experts to audit Counterparty's code! For further information, continue reading here: https://counterparty.co/sergio-lerner-peter-todd.

+1 Thumbs up.

That is very exciting

+1

Awesome to have two of the most experienced crytpo and security devs joining the Counterparty team!

Peter and Sergio, thank you!

Bountyful

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Quote from: PhantomPhreak on March 02, 2014, 11:26:26 AM

Quote from: saras_wati2014 on March 02, 2014, 10:02:06 AM

Quote from: Bountyful on March 02, 2014, 09:50:49 AM

This definitely no sustainable for either the protocol or any business that wishes to build on Counterparty. 5 XCP per asset will mean that we'll soon run out of XCP to burn for asset issuance, given we only have about 2.6 Million XCP outstanding, it will quickly become unprofitable to purchase XCP to issue assets. At this rate we will only have 529, 747.184 possible assets issued on the system when we'd like to have well more than that as there are trillions of dollars in assets yet to be digitized on Counterparty.

I wrote a proposal to change from burning XCP to BTC as the fee for asset issuance here: https://forums.counterparty.co/index.php?topic=150.new#new

+1 to your proposal

The hard-coded fee is temporary.

It's hard to burn BTC without creating unspendable txouts.

Thanks. Cityglut also shared some thoughts and reiterated what you proposed. I updated my proposal with a new approach here: https://forums.counterparty.co/index.php/topic,150.msg1012.html#msg1012

PhantomPhreak

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Activity: 476

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Counterparty Chief Scientist and Co-Founder

Quote from: saras_wati2014 on March 02, 2014, 10:02:06 AM

Quote from: Bountyful on March 02, 2014, 09:50:49 AM

This definitely no sustainable for either the protocol or any business that wishes to build on Counterparty. 5 XCP per asset will mean that we'll soon run out of XCP to burn for asset issuance, given we only have about 2.6 Million XCP outstanding, it will quickly become unprofitable to purchase XCP to issue assets. At this rate we will only have 529, 747.184 possible assets issued on the system when we'd like to have well more than that as there are trillions of dollars in assets yet to be digitized on Counterparty.

I wrote a proposal to change from burning XCP to BTC as the fee for asset issuance here: https://forums.counterparty.co/index.php?topic=150.new#new

+1 to your proposal

The hard-coded fee is temporary.

It's hard to burn BTC without creating unspendable txouts.

saras_wati2014

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Activity: 32

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Quote from: Bountyful on March 02, 2014, 09:50:49 AM

This definitely no sustainable for either the protocol or any business that wishes to build on Counterparty. 5 XCP per asset will mean that we'll soon run out of XCP to burn for asset issuance, given we only have about 2.6 Million XCP outstanding, it will quickly become unprofitable to purchase XCP to issue assets. At this rate we will only have 529, 747.184 possible assets issued on the system when we'd like to have well more than that as there are trillions of dollars in assets yet to be digitized on Counterparty.

I wrote a proposal to change from burning XCP to BTC as the fee for asset issuance here: https://forums.counterparty.co/index.php?topic=150.new#new

+1 to your proposal

Bountyful

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Activity: 45

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Quote from: mtbitcoin on March 02, 2014, 07:22:51 AM

Quote from: RoxxR on March 02, 2014, 04:02:02 AM

Quote from: 520Bit on February 02, 2014, 07:58:14 PM

Great, the burn period is over now. It is funny, the last burn is also an advertisement.
https://blockchain.info/tx/4560d0e3d04927108b615ab106040489aca9c4aceedcf69d2b71f63b3139c7ae

Totally burned BTC: 2,130.83722537 BTC
Totally created XCP: 2,648,755.9218 XCP

As the developer mentioned: Try out the distributed exchange if you missed this period.

Sorry if this is a dumb question, but how come blockscan now says:
Total XCP Supply: 2,648,735.92

Why the 20 XCP difference?

The difference is from the Asset Issuance fees.

From what I understand it was supposed to be 5 XCP per asset issuance but there was a bug in the calculation (which I already reported very much earlier) which only deducted the divisible amount instead of a full 5 XCP.

This definitely no sustainable for either the protocol or any business that wishes to build on Counterparty. 5 XCP per asset will mean that we'll soon run out of XCP to burn for asset issuance, given we only have about 2.6 Million XCP outstanding, it will quickly become unprofitable to purchase XCP to issue assets. At this rate we will only have 529, 747.184 possible assets issued on the system when we'd like to have well more than that as there are trillions of dollars in assets yet to be digitized on Counterparty.

I wrote a proposal to change from burning XCP to BTC as the fee for asset issuance here: https://forums.counterparty.co/index.php?topic=150.new#new

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 428. (Read 1276904 times)