Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 494. (Read 1276916 times)

Simple. Anyone can fork bitcoin and create a version that doesn't decrement the rewards, instead keeping it at 50 BTC per block. The problem is that no one would accept it, and it'll basically be an altcoin after a hard fork.

Same as counterparty; the code is out there, anyone can make the appropriate changes, but it won't be accepted by the network. Again, hard fork. If you edited the client to generate "post-burn" coins and attempted to do anything with then (sell them, send them to some one else), that tx would simply be rejected because it doesn't refer to a valid output that they have.

The beauty of cryptocurrencies is that no one needs to be there to "enforce" what is the correct version to use. Even if the developers make a change, if the rest of the community doesn't agree, they might as well have done nothing.

The same error, the server command does not work now:


Does it mean that v5.1 will come out later?

hi everyone,

while working on the rpc calls i encountered an error message: 'A specified filter is missing the 'field' field'

http://gyazo.com/892160fb9168ef2d507ec8624a091b44

i started expirementing with the parmeters encoding and when i sent as parameter:

string '{"method":"get_balances","params":{"filters":{"field":"address","op":"==","value":"15cdAQmmBrz1BEVtipaQ1dVHtTwmfcxzw5"}},"id":1}' (length=128)

counterpartyd stopped working:
http://gyazo.com/8e76f93cb081c6403690aa28268b8e3d

text version:

why did that happen?
how should i have encoded the call (php example would be great)?
to keep working i am now rebuiliding the database, is there a better way to deal with it if it happens again?

We need a general evidence to explain to a non-tech guy. Most of people do not have the knowledge to review the code, right?

LOL Yes in a nutshell that's what has happened.

I think the specifications documentation went through 3 or 4 serious versions starting from Jan 2012, to November 2013. It's unclear if any software development happened in between that period. I read JRW needed enough BTC to convince his folks that Mastercoin was worth the number of hours he was putting in it everyday and it is only recently that he quit his job to work full time on mastercoin

I think one of the reasons it remained in the pipeline until the mid to late 2013 was its specifications. Metacoins was groundbreaking idea in 2011-12 and they had not yet formulated the best way forward, to the point of even thinking of bloating the blockchain with fake addresses as a means to implement their protocol. It took them a while to figure out the best way forward. Perhaps PP and xnova learnt from the early mistakes of others, who knows, I am just speculating.

XCP by comparision is far more leaner protocol. It doesn't have the bells and whistles but its a mean beast alright. I am fairly new to crypto (Dec 2013) and its more fortune than decision making that landed me here but I am glad its XCP I have thrown my lot with and not the others. For the record, I burnt 0.72 BTC basically everything I mined between Dec and Jan.

The code is open-source. No possible for more XCPs! Actually the XCPs is slightly deflationary.

You can see the Counterparty Announcement on the first post:

Description

Counterparty is a protocol for the creation and use of decentralised financial instruments using Bitcoin as a transport layer. The protocol's native currency, XCP, is un-mined and slightly deflationary, with 2.6 million XCP created by burning bitcoins in January.

Wrong thread:

https://bitcointalk.org/index.php?topic=265488.msg5218830;topicseen#new

So correct me if I'm wrong, but Mastercoin essentially released a whitepaper, held an IPO, issued coins, blew up thousands of times in value, and all without actually having any of the features they promised? Then they issued part of the invested BTC for somebody to actually build the thing?

So:
1) Write a whitepaper
2) Ask for donations
3) Quick and dirty client to issue coins
4) Watch coins soar 200X in value (relative to dollars)
5) Profit
6) Offer 1/5 of the BTC raised in the IPO for somebody to actually create a working protocol
7) Call yourself innovators when you haven't even done anything yet

Am I missing something? I'm seriously asking, not trolling.

Counterparty Team,

As I promote the XCP to some people, lots of doubt sound come again like the beginning of burning BTC for XCP. How to prove that the Counterparty team will never issue more XCPs in the future? If you can explain as easily as to the general people, it could be better, because most us do not know the code. Thanks.

thank you very much.
i don't want to flood this thread so anonlol and anyone else interested pm me with offers

Here is more appropriate section to make buy or sell offers.

https://bitcointalk.org/index.php?topic=445740.340

If you cannot find a buyer. I will buy. however, I'd offer you a lower price than on exchange for the convenience of a quick bulk sale. Of course entirely up to you what you do.

i did not expect anyone to send first, especially not for large quantities i am talking about. no one is that stupid. i don't want to waste anybodies time with poor scams. i really want to trade large quantities of xcp (don't really want to sell before gui and web wallet - bills are coming) but poloni is too slow for me and i am sure others here feel the same way.
do you know of a better thread for this?

wrong thread. & I don't think you'd find a lot of people too quick to send first to account registered 30 minutes ago. escrow goes without saying.

i am selling xcp in bulks.

fixed at poloni rate so don't make lower offers.

only through reputable escrow / you send first.

will deal in small quantities for starters but aim for higher than 1000 xcp.

pm me

A web wallet is currently being built so you can use that if you dont want to run a local setup. We should know more by this Friday I think.

just downloaded the software and wanted to test things but stopped immediately because i need a local bitcoin daemon running. very much work for "playing around". as i am new here i have to ask: how will counterparty become accessible for the mainstream? are there some webservices in the work? or maybe is it possible to use the blockchain.info API instead of a local bitcoin daemon?

You can buy some XCP at https://www.poloniex.com/exchange/btc_xcp

Anyone wanna get me started =]

1D8QwdjNkvG4jw2y2uSh8D2iHfqjybaSJe

thx

"the name 'money' (nomisma)... exists not by nature but by law (nomos) and it is in our power to change it and make it useless." Aristotle, Nicomachean Ethics

Does your bitcoin conf have txindex=1 ?

If not, you need to add it and reindex again.