To the Dev/s:
The following counterpartyd protocol/CLI issues should be resolved:
1) Paying a 0.0001 BTC fee can wipe order -
FIX:
a) XCP for BTC offer should include an option/variable to limit block period for a matching order lock (lockperiod) and a failure to BTCpay in such time period should reinstate the temporarily locked offer (instead of canceling as it currently does)
After more careful examination, it looks like it will require .000372 to wipe the order book
But, that raises a more important FLAW IN THE PROTOCOL THAT WILL PREVENT MASS ADOPTION:
Bitcoin can be transferred with no fees. Sending XCP currently costs ~0.0002+ BTC !!!!!
A BTC/XCP DEX trade costs the BTC sender 0.0007+ BTC and the XCP sender 0.0003+ BTC
That's OVER $1 US in FEES to do a SINGLE trade!
WHERE DO ALL THOSE FEES GO?
WHY ARE THERE SO MANY FEES?
2) no BTCSend support outside of BTCPay
b) Improve: Allow counterpartyd BTCsend fromaddress toaddress BTC fee(optional/can use default)
c) Improve: Allow BTCSend and XCP at same time to an address
d) BONUS: Allow BTCSend to ASSET which divides the BTC among all asset holders similar to how XCP dividend should be distribued
3) Escrowed/Multisig Bitdust is unspendable in counterpartyd.
a) fix: allow spending such dust natively in counterpartyd
WHERE DO ALL THESE FEES GO???
4) MINOR: market display updates.
a) Reorganize market CLI to display Feeds, then Bets, then Open Orders with BTC/XCP & XCP/BTC orders and Order matches awaiting BTCpay LAST in chart.
b) Update sorting open orders by asset exchange type first (XCP/BTC, etc.), then ratio second (subsorting inside the different types). i.e. force XCP/BTC BTC/XCP last in chart for easier viewing.
5) Regarding Major Program/Protocol revisions: Please don't change significant aspects of the protocol (such as asset fees) without consulting stakeholders.
Specifically In Re: Asset creation fees: Where does this new fee go? Ideally it would be either extinguished (to the burn address) or distributed among all XCP stakeholders.
Someone please link to a description of Where all these mandatory fees go?? This is crazy, there was not supposed to be MORE fees than standard BTC transactions. . . This makes it practically unusable, $1 to trade BTC/XCP on DEX!!!!
To Blockscan:
ONLY trades that have received BTCpay should be included, but it's not so important for now.
Crossposted to my own thread:
We have enabled a simple DEX trading option/platform to expand people's options and hopefully gain that market share (of allowing non-technical bitcoin holders to invest in or send XCP/DEX). This is an innovative and unique service similar to our MP/BTC trading services. Anyone with the private key for their BTC address can buy XCP/MPTSTOCK by sending BTC to our specified address (see our forum thread or website). We then spend the BTC on the DEX to buy XCP/MPTSTOCK which is sent (minus 10% commission) to the Buyer's address.
Essentially - Anyone can buy XCP/DEX Assets by sending bitcoins from their bitcoin client to our current XCP buy address (shown on both our site and our bitcointalk thread for redundancy). This will work for any client/address which the buyer has the private key for (pretty much all BTC clients except exchange accounts).
When our messenger (TC and/or FB) shows green, this service is available for rapid processing at a premium. Otherwise, our goal is to process all such transactions within 24-48 hrs. Frequency of trades will depend on volume of submitted orders.
THANKS to all the Dev's!
+1
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