Author

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 532. (Read 1276928 times)

sr. member
Activity: 491
Merit: 250
S P 8 D E
hero member
Activity: 561
Merit: 500
Institute of Advance Blockchain Research
Hey guys,

To help to with the ongoing marketing push, I put together a teaser to get people excited about XCP,

http://www.youtube.com/watch?v=McNclx2Zck8


Hope this helps! Smiley

XCP/BTC donations are welcome at,

19akDH5gMnF4MefbNUijd9TqpGweFQ6UML


Cheers.

   That Youtube Counterparty marketing Video was very creative of you.

   It's possible this piece could be used as a part of a presentation to attract investors.

   of course a few more key-highlighted points about XCP could be mentioned. (1st Functional D'ex)


   I also admire the quality of thought put into such an idea.

 My Group may have to Contract with you in the near future for your service.


hero member
Activity: 647
Merit: 510
Counterpartying
newbie
Activity: 32
Merit: 0
is there an way way to get some XCPs?
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
Any idea why ~0.004 BTC are required now to create an asset?
Code:
lib.exceptions.BalanceError: Insufficient bitcoins at address XXXXXXXXXXXXXXXXXXXX (Need 0.0004258 BTC.)

its 0.0004, and i think it was implemented to prevent asset squatting a while back

Actually, it's that the issuance messages have gotten larger in size.
legendary
Activity: 1320
Merit: 1007
Any idea why ~0.004 BTC are required now to create an asset?
Code:
lib.exceptions.BalanceError: Insufficient bitcoins at address XXXXXXXXXXXXXXXXXXXX (Need 0.0004258 BTC.)

its 0.0004, and i think it was implemented to prevent asset squatting a while back
hero member
Activity: 756
Merit: 502
Any idea why ~0.004 BTC are required now to create an asset?
Code:
lib.exceptions.BalanceError: Insufficient bitcoins at address XXXXXXXXXXXXXXXXXXXX (Need 0.0004258 BTC.)
newbie
Activity: 37
Merit: 0

newb alert, but this upgrade seems to have broken it for me, had 3.0 running before
full member
Activity: 221
Merit: 100
Hey guys,

To help to with the ongoing marketing push, I put together a teaser to get people excited about XCP,

http://www.youtube.com/watch?v=McNclx2Zck8


Hope this helps! Smiley

XCP/BTC donations are welcome at,

19akDH5gMnF4MefbNUijd9TqpGweFQ6UML


Cheers.
full member
Activity: 216
Merit: 100
Let's say Alice is selling BTC for XCP with a 5 block expiration on her order and Sally is selling XCP for BTC with a 3 block expiration on her order, and their orders get matched. Upon the matching, the protocol debits the XCP from Sally's account, and then Alice has 3 blocks to send Sally her BTC using the btc-pay command. If Alice fails to send Sally BTC within 3 blocks, the deal is cancelled and Sally's account gets re-credited with the XCP.

Thanks for this answer (and subsequent clarifications), its much more clearer now.

Just one thing - the assets shares selling will work in same way? Meaning the asset holder will post a sale offer, and whoever matches it, will have to transfer BTC within set amount of blocks time?

Yes. Since Counterparty cannot debit BTC from an address, all trades involving BTC require an extra step (namely, btcpay) to be completed. All transactions involving any asset other than BTC, however, require no second step to be completed.
sr. member
Activity: 390
Merit: 254
Counterparty Developer
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
is there a reason why the top buy and sell orders are not matching immediately? (top sell order is cheaper per xcp than the top buy order)
link: http://blockscan.com/order_book.aspx

There are some overlaps due to rounding issues which should be fixed with block 286000.
legendary
Activity: 882
Merit: 1002
is there a reason why the top buy and sell orders are not matching immediately? (top sell order is cheaper per xcp than the top buy order)
link: http://blockscan.com/order_book.aspx
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
I didn't see an answer, so I'll ask again....

What happens to the 5 XCM fee you pay when you issue an asset?

Hi PhantomPhreak

Just a quick question. Is the asset fee correctly calculated. I see the fee listed under issuances.fee_paid as "5" for valid entries.

However, since the value is divisible shouldn't this be listed as (500000000) XCP instead of 5?

cheers

Yeah, that's no good. I've fixed that from block 286000 on, too. Now we're on v0.4.1.
hero member
Activity: 756
Merit: 502
Let's say Alice is selling BTC for XCP with a 5 block expiration on her order and Sally is selling XCP for BTC with a 3 block expiration on her order, and their orders get matched. Upon the matching, the protocol debits the XCP from Sally's account, and then Alice has 3 blocks to send Sally her BTC using the btc-pay command. If Alice fails to send Sally BTC within 3 blocks, the deal is cancelled and Sally's account gets re-credited with the XCP.

Thanks for this answer (and subsequent clarifications), its much more clearer now.

Just one thing - the assets shares selling will work in same way? Meaning the asset holder will post a sale offer, and whoever matches it, will have to transfer BTC within set amount of blocks time?
hero member
Activity: 756
Merit: 502
The miners on the bitcoin network can only be paid with btc. But the fee for asset issuance is in XCP (5)

So why not pay the miners that process these transactions with these XCP (rather then loose it)?
Or even donate to dev group?

Seems to me these burnt XCP can be diverted to a much better function.
hero member
Activity: 756
Merit: 502
The local ASIC developer is a small IPO candidate indeed, which AFAIK looks to raise between 500K - 1M.
If we can offer them solid model, it will be a great start for XCP.

Any advance with the miners direction?

Perhaps we can do this through marketing channel that is being created - are there any selected candidates yet?
legendary
Activity: 876
Merit: 1000
Etherscan.io
I didn't see an answer, so I'll ask again....

What happens to the 5 XCM fee you pay when you issue an asset?

I believe they are burnt

Question - why burn them, rather then pay miners for supporting the XCP (rather then blocking it in their transactions)?

The miners on the bitcoin network can only be paid with btc. But the fee for asset issuance is in XCP (5)

Jump to: