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Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 522. (Read 1276923 times)

full member
Activity: 214
Merit: 101
As far as I understand, the wallet isn't a protocol but a client side construction - and the protocol only recognizes as XCP as being held by such and such address, it is not aware of what other addresses may or may not be in the wallet.
full member
Activity: 238
Merit: 100
what is the status with Poloniex? still alive?

Actually very close to listing XCP.

Counterparty-savvy people, I have a question. When I attempt to send XCP from one address to another, it tells me there are insufficient Bitcoins at the source address. The thing is, the wallet that contains the source address has plenty of BTC, even if not enough were sent to that PARTICULAR address.

Please tell me I don't have to send a tiny bit of BTC to every address I want to send XCP from. This makes a big difference.
You need a small amount of BTC in that address, to pay the miner fees.
Unfortunately, it is a limitation at this point. The developers or more technical members of the forum can provide further details.
sr. member
Activity: 364
Merit: 250
Owner of Poloniex
what is the status with Poloniex? still alive?

Actually very close to listing XCP.

Counterparty-savvy people, I have a question. When I attempt to send XCP from one address to another, it tells me there are insufficient Bitcoins at the source address. The thing is, the wallet that contains the source address has plenty of BTC, even if not enough were sent to that PARTICULAR address.

Please tell me I don't have to send a tiny bit of BTC to every address I want to send XCP from. This makes a big difference.

That's how the protocol works, you have to have enough BTC in the source address for XCP transactions.

If I can send BTC from my wallet, why can't I send a Counterparty transaction? I thought the BTC was just needed to carry the message--why does it matter which address in the wallet has the BTC? Is there some need for proof of ownership of BTC?
full member
Activity: 214
Merit: 101
what is the status with Poloniex? still alive?

Actually very close to listing XCP.

Counterparty-savvy people, I have a question. When I attempt to send XCP from one address to another, it tells me there are insufficient Bitcoins at the source address. The thing is, the wallet that contains the source address has plenty of BTC, even if not enough were sent to that PARTICULAR address.

Please tell me I don't have to send a tiny bit of BTC to every address I want to send XCP from. This makes a big difference.

That's how the protocol works, you have to have enough BTC in the source address for XCP transactions.
sr. member
Activity: 364
Merit: 250
Owner of Poloniex
what is the status with Poloniex? still alive?

Actually very close to listing XCP.

Counterparty-savvy people, I have a question. When I attempt to send XCP from one address to another, it tells me there are insufficient Bitcoins at the source address. The thing is, the wallet that contains the source address has plenty of BTC, even if not enough were sent to that PARTICULAR address.

Please tell me I don't have to send a tiny bit of BTC to every address I want to send XCP from. This makes a big difference.
full member
Activity: 210
Merit: 100
what is the status with Poloniex? still alive?
full member
Activity: 224
Merit: 100
CabTrader v2 | crypto-folio.com
when xcp gets a webwallet it is definetely the most useful altcoin

Yes I'm eagerly awaiting a Web wallet. Wish that day would hurry
hero member
Activity: 742
Merit: 500
when xcp gets a webwallet it is definetely the most useful altcoin
legendary
Activity: 1176
Merit: 1134
If there was an active market in BTC options, you could sell off the upside by selling a call option and buy downside protection with a put option.

Both the call option  and put option for btc can be created right on counterparty using the betting/feed features correct? I mean once we have large enough trade volume on the platform ofcourse...
My thinking exactly. We can create BTC options market within counterparty and then build less volatile BTC base vehicle. Of course, the actual price will be different based on the time of purchase, but the value is that it will have defined max range of price change that is fixed at the moment it is created.
full member
Activity: 224
Merit: 100
CabTrader v2 | crypto-folio.com
Personally in response to all the haters, I believe that XCP is the cutest crypto currency in the valley.

Perhaps even uber cutesies,  like bfffffffcoin
full member
Activity: 224
Merit: 100
CabTrader v2 | crypto-folio.com
What is the technical reason for having to reindex? Why can't we just install counterpartyd and be good to go?
full member
Activity: 221
Merit: 100
If there was an active market in BTC options, you could sell off the upside by selling a call option and buy downside protection with a put option.

Both the call option  and put option for btc can be created right on counterparty using the betting/feed features correct? I mean once we have large enough trade volume on the platform ofcourse...
legendary
Activity: 1176
Merit: 1134
Thought this article might be of interest to the community...

http://www.coindesk.com/bitcoins-volatility-problem-may-soon-solved/
If there was an active market in BTC options, you could sell off the upside by selling a call option and buy downside protection with a put option. Assuming no issues of settlement, there would be much less volatility. In order to make it cost neutral for the options, you would probably need it a by asymmetric around the current price, but removing 90% of the volatility could be of interest to a lot of people.

Issue an asset in counterparty that encapsulates all of that and we can have such a solution as soon as we have liquid enough BTC options

James
sr. member
Activity: 364
Merit: 264
Thought this article might be of interest to the community...

http://www.coindesk.com/bitcoins-volatility-problem-may-soon-solved/

That supports my assertion that the "end-game" for bitcoin is not as a transaction currency, but as a reserve currency. Blockchain-based protocols inherently cannot scale to a "useful" world scale (and neither did Satoshi envision it scaling to that extent), but as a decentralized, immutable ledger for transactional settlement -- there is no better.
full member
Activity: 221
Merit: 100
hero member
Activity: 756
Merit: 502
Hi, can you at least answer my first question before you put me in my place?  Thanks.

I actually had no intention whatsoever to do so, and merely was excited by the fact we already speculate on price from the first Dex order-book out there.
Sorry if it sounded that way.

As per your question, if the GUI written in cross-platform language (python for example), I see no reason why it won't be released on Mac as well.
hero member
Activity: 644
Merit: 500
Wow, sellers are lining up in the order book.  The price of XCP is waiting to get slaughtered.

You know that we are actually talking about data from the first working Dex orderbook? Smiley

As long as XCP keeps leading in this space, in my opinion the price can crash to wherever the weak hands feel, once more people understand it will soar back.

Hi, can you at least answer my first question before you put me in my place?  Thanks.
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
I don't think my XCP balance is correct:

http://blockscan.com/address.aspx?q=1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN

Currently both blockscan.com and my local client (v0.4.1 master branch on Ubuntu 13.10) show a balance of 1348.19 XCP.

But this balance doesn't make sense just looking through transaction history:

1340.43 total earned through proof-of-burn.

+1 from winning Super Bowl Bet.

Sold a few XCP, other orders have all expired or been cancelled.

This implies my balance should be at most ~1341. Where did the additional 7 XCP come from?

My suspicion is I got credited extra XCP somehow through the order expiration process.

Here are the credits and debits to and from that address (and your balance) in the DB:

Code:
INSERT INTO "debits" VALUES(283702,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',100000000,'bet.parse',NULL);
INSERT INTO "debits" VALUES(283702,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',0,'bet.parse',NULL);
INSERT INTO "debits" VALUES(284563,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',100000000000,'order.parse','dff0ebf6a01460daa8e085fe7350940415cf255eccc9c6c711d694dd0c36b313');
INSERT INTO "debits" VALUES(284671,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',30100000000,'order.parse','9ce90757c8f8d9c0c3cffb429d01c737cac39ccfc630d783e8812b468c01e76c');
INSERT INTO "debits" VALUES(284849,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',25010000000,'order.parse','53587a17f03ea59fd559142f43d121b9cdaff846deaaee031e81b1b4c706e688');
INSERT INTO "debits" VALUES(284871,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',8200000000,'order.parse','8eb9068fe42bb39c42858fbb7e769d31a90c446444808fc3f569a409cf1884e6');
INSERT INTO "debits" VALUES(284873,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',8300000000,'order.parse','881dcd368821681f43840e0e0f941208884fc2e915d215b00ad726b1b9f88622');
INSERT INTO "credits" VALUES(279448,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',1396545455,'burn.parse','d7f83a15b2a01a18825f47e514f81bccb5fd1a43713bad720c509724f204e5cf');
INSERT INTO "credits" VALUES(279451,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',57544533454,'burn.parse','709b19c683cf6b02124ad716c5c12907ba0070a36098ed9ac90bb6a1d011f4b5');
INSERT INTO "credits" VALUES(279529,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',47218290000,'burn.parse','065259687185302f2503d83b990d1313892e490edc1a04550c4a397471845d3c');
INSERT INTO "credits" VALUES(279781,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',8632749140,'burn.parse','cf6398d3e800fb5f6043eb93703ec8c66b01cad9db7b2c2a0eb2775e64e9cbce');
INSERT INTO "credits" VALUES(280562,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',12960518338,'burn.parse','2a38b1ec751f14722516b934a358d9454bf4aa34cc94da5f33bb033ef8b85699');
INSERT INTO "credits" VALUES(281000,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',6289257296,'burn.parse','12e7ce6273a1823ad9fb4f09565e8eb3c220bf67237a07b7748bc16a98bce4b2');
INSERT INTO "credits" VALUES(283713,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',0,'bet.expire',NULL);
INSERT INTO "credits" VALUES(284054,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',200000000,'broadcast.parse',NULL);
INSERT INTO "credits" VALUES(284054,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',0,'broadcast.parse',NULL);
INSERT INTO "credits" VALUES(284567,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',100000000000,'cancel.parse',NULL);
INSERT INTO "credits" VALUES(284772,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',927272635,'order.expire','80bf54654df947a346df88a8961740159c08e2bed2834c277d1bb7d6d98e0f3c9ce90757c8f8d9c0c3cffb429d01c737cac39ccfc630d783e8812b468c01e76c');
INSERT INTO "credits" VALUES(284972,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',29949500151,'order.expire','9ce90757c8f8d9c0c3cffb429d01c737cac39ccfc630d783e8812b468c01e76c');
INSERT INTO "credits" VALUES(284972,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',1,'order.expire','8eb9068fe42bb39c42858fbb7e769d31a90c446444808fc3f569a409cf1884e6');
INSERT INTO "credits" VALUES(284972,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',8199999999,'order.expire','8eb9068fe42bb39c42858fbb7e769d31a90c446444808fc3f569a409cf1884e6bc8ac78ca1f7d8b6a2d63bcd5fee09e6ece10f7f45eb44209fc580c13d764cae');
INSERT INTO "credits" VALUES(285024,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',8300000000,'order.expire','881dcd368821681f43840e0e0f941208884fc2e915d215b00ad726b1b9f88622');
INSERT INTO "credits" VALUES(285050,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',0,'order.expire','53587a17f03ea59fd559142f43d121b9cdaff846deaaee031e81b1b4c706e688');
INSERT INTO "credits" VALUES(285050,'1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',24909999833,'order.expire','53587a17f03ea59fd559142f43d121b9cdaff846deaaee031e81b1b4c706e6886efab911ef0b392cced9a410f610380783356f3172b6ee724e9c5175e21e8a7d');
INSERT INTO "balances" VALUES('1QBPsB2ea61vWTNA9nGUhaHqPQB4SXF4fN','XCP',134818666302);
.
hero member
Activity: 756
Merit: 502
Wow, sellers are lining up in the order book.  The price of XCP is waiting to get slaughtered.

You know that we are actually talking about data from the first working Dex orderbook? Smiley

As long as XCP keeps leading in this space, in my opinion the price can crash to wherever the weak hands feel, once more people understand it will soar back.
newbie
Activity: 17
Merit: 0

Im not getting this running!

I have counterpartyd and counterpartyws cloned and counterpartyd installed, I try running the GUI but it says:

Code:
Traceback (most recent call last):
  File "counterpartyws.py", line 5, in
    import cherrypy
ImportError: No module named cherrypy

Do not clone counterpartyd but :

1) install countepartyd as explained here: http://counterpartyd-build.readthedocs.org/en/latest/

2) launch counterpartyd

3) clone countepartygui and type "bower install" to install the dependencies (see http://bower.io/)

4) clone counterpartyws and type
Code:
counterpartyws --counterpartyd-dir=/path/to/counterpartyd --counterpartygui-dir=/path/to/counterpartygui


P.S: cherrypy is missing: pip install cheerypy


OK thanks!

Im running on Windows 7. Didnt know I need all those dependencies...

Will try later on. If you dont read complaints from me again, suppose I got it started...  Grin
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