Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 560. (Read 1276933 times)

I don't think it should cause any trouble, but you might ask etotheipi just to be sure.

Question about escrowing funds for CFD bets. How is that currently handled in the protocol?

For example if I have 100,000 XCP and I want to short the Bitstamp BTC/USD price which is currently at $800 and specify leverage 1, how would escrow work if my bet is matched?

I assume the protocol should take out all my funds and hold them, correct? Because even though the chance is remote, there is still a possibility that BTC/USD will move up to $100,800 in the next block and I lose all my money.

So that coin I told you about this morning on the phone—Counterparty—creates the first fully functioning distributed exchange in the world. This is really, really huge. Let me explain:

Suppose Alice has three sheep that she wants to trade for a cow. In a perfect world, she would go to Joe, and give him her three sheep and he would give her his cow. Wunderbar!

In reality, however, this is what would happen:
1)   Alice advertises her sheep for sale through a sheep broker.
2)   The sheep broker finds a buyer who will pay Alice $500 for her sheep, which she accepts.
3)   Alice now takes her $500 to a cow broker.
4)   The cow broker contacts Joe and negotiates a price.
5)   The cow broker calls Alice back and facilitates the trade.
6)   Alice now has the cow, and Joe now has the $500 to do what he wants with it.

From Joe’s point of view, if he really wants three sheep instead of $500, he has to reverse the whole process (since he wasn’t able to “connect” with Alice before she sold the sheep. Joe likewise goes through those same six steps in reverse. One simple transaction—three sheep for a cow—takes a total of twelve steps to execute, and several middlemen each way, who naturally charge fees for their services.

Using Counterparty, Alice could sell her sheep directly to Joe in exchange for his cow. (Dealing with livestock would be very complicated, of course, but imagine the simplicity of exchanging securities, or currencies, or anything digital.)

Meh i'm so bad at this stuff, is the client only visible in the cmd? Or should there be an interface popping up?

Ah ok, is there any way for me (as someone who was too late for the IPO to get some XCP now)?

Noob question:

I'm currently reindexing and syncing the blockchain I got from bittorrent, planning to try out Counterparty. I also will be installing an Armory watching-only wallet on this PC for both watching and broadcasting transactions signed offline.

Will I be able to use the same bitcoind and data for both applications, or will the "txindex=1" in bitcoin.conf that I added for Counterparty cause trouble with Armory?

There will be in 2 weeks a GUI client released

Meh i'm so bad at this stuff, is the client only visible in the cmd? Or should there be an interface popping up?

getting another error now,

Successfully installed prettytable python-dateutil requests cherrypy json-rpc py
coin pytest six py colorama
Cleaning up...
Traceback (most recent call last):
  File "setup.py", line 488, in
    main()
  File "setup.py", line 480, in main
    setup_startup(paths, run_as_user, with_counterwalletd)
  File "setup.py", line 294, in setup_startup
    f = open("%s" % os.path.join(os.environ['WINDIR'], "counterpartyd.bat"), "w"
)
IOError: [Errno 13] Permission denied: 'C:\\windows\\counterpartyd.bat'

getting another error now,

Successfully installed prettytable python-dateutil requests cherrypy json-rpc py
coin pytest six py colorama
Cleaning up...
Traceback (most recent call last):
  File "setup.py", line 488, in
    main()
  File "setup.py", line 480, in main
    setup_startup(paths, run_as_user, with_counterwalletd)
  File "setup.py", line 294, in setup_startup
    f = open("%s" % os.path.join(os.environ['WINDIR'], "counterpartyd.bat"), "w"
)
IOError: [Errno 13] Permission denied: 'C:\\windows\\counterpartyd.bat'

Counterparty doesn't pay attention to confirmations. If the referenced transaction is earlier in the blockchain than the current one. it's valid.

A BTCpay does need to reference a particular order match.

Yes, if Sally does that, then she's out of luck.

Install the prereq's first

I'm really having trouble using this guide http://counterpartyd-build.readthedocs.org/en/latest/BuildingFromSource.html..
When i run the command line

cd C:\
git clone https://github.com/xnova/counterpartyd_build
cd counterpartyd_build
C:\Python32\python.exe setup.py

wich is under windows-installing

i get Imput error : No module named win32api