[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 570.

jl777

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Quote from: nakaone on February 02, 2014, 03:51:34 PM

everyone can sell for the price he wants, it is free market, if you are not long term related to the project.

anyway I am with James that the price should tend to be in any relation to the marketcap of mastercoin, dont know if it is 30%,50%,75% or parity. But 5% of the price cannot be price relation Wink

We have a 10 BTC sell order at .01BTC! This is equivalent to the 16 BTC for 16 million NXT trade right after genesis, actually much bigger in USD terms

Now we just need a buyer to close the deal and establish an actual market price. After this, let the market do what it wants. I strongly urge some rich BTC owners to close this deal to lock in a starting price of .01 BTC.

Starting at 50% mastercoin valuation will still be low enough to attact early adopters who will sense there is at least a fast double

James

nakaone

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everyone can sell for the price he wants, it is free market, if you are not long term related to the project.

anyway I am with James that the price should tend to be in any relation to the marketcap of mastercoin, dont know if it is 30%,50%,75% or parity. But 5% of the price cannot be price relation Wink

jl777

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Quote from: kdrop22 on February 02, 2014, 03:45:46 PM

Quote from: jl777 on February 02, 2014, 03:42:01 PM

Hey, I'm not selling any XCP for a while, maybe a long while. I am just trying to establish what a fair market value is. .01 BTC puts XCP at approx 50% mastercoin valuation.

Maybe some XCP holders didn't know this, I didn't realize the huge disparity in valuation until I looked it up.

If all XCP holders know the actual value of what they have, then it is much less likely for a crazy speculative bubble to form. Granted this links XCP value to mastercoin, but that seemed to be the closest reference point. Gotta start somewhere.

James

P.S. I own a larger percentage of XCP than NXT, so I am fully motivated to help XCP values increase.

Agree, with your comments on valuation. 50% of Mastercoin marketcap(40 Million), would put us around 20 Million(or around 0.01 BTC).

If the price starts out too high, then we wont get any more people owning XCP. I think we need to get more people who have XCP. Isn't anybody willing to make an instant 1000%?
The more people that get XCP at lowish prices, the more talent we will have in the XCP community.

It is a balancing act. High prices are of course nice, but if there is no active market there is no liquidity, so it is all meaningless paper profits. The lower the marketprice, the more liquidity and the price increase will come down the road. But if the price is too high, then a market wont develop and since everybody who wanted to burn probably did, there are no more buyers

PurpleTentacle

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Quote from: peled1986 on February 02, 2014, 03:47:00 PM

Quote from: ?? on ??

I have set up an XCP buy/sell thread here:
https://bitcointalk.org/index.php?topic=445740.new#new
And here is the corresponding Google Doc order book which I will keep updated as quickly as I can:
https://docs.google.com/spreadsheet/ccc?key=0ArOlTj1IBke6dG1SRzRGRG5IQXpUV05XRFVGNlg0VGc#gid=0

selling 1000 XCP @ 0.01 BTC per XCP (10 BTC total)
(small amounts are ok)
please update the Google Doc

~~I think you should post in the buy/sell thread so that every order can be found in that thread.~~

nvm

peled1986

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Quote from: ginko-B on February 02, 2014, 03:48:47 PM

This is already worth WAY more than Mastercoin! Phantom Phreak has accomplished more in 45 days than the teams at Nxt, Mastercoin, and ColoredCoin in the past 6-9 months!

its not only Phantom Phreak - they are a great TEAM

GigaCoin

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Giga

Quote from: halfcab123 on February 02, 2014, 03:45:02 PM

Quote from: qtgwith on February 02, 2014, 03:37:04 PM

Quote from: jl777 on February 02, 2014, 03:23:14 PM

I reread the original NXT thread and I think one of the key reasons the price of NXT did so well was that immediately after genesis block, a market price of 1BTC per million NXT was established. This was a big premium over genesis price.

I think I saw some price for XCP at .01 BTC on some external site, I like the sounds of that for a starting market price.

If we can all be firm and not sell for below .01 BTC, then that will be the new price.

Someone needs to purchase XCP at .01BTC, I would but I burned all my spare BTC

Any buyer and seller to start the after-burn XCP trade market at .01BTC?

James

Why not 0.02BTC/XCP? Twenty times are essential for IPO.

Yeah 0.02 BTC/XCP makes more sense or even (+)

don't get too greedy

ginko-B

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Quote from: kdrop22 on February 02, 2014, 03:45:46 PM

Quote from: jl777 on February 02, 2014, 03:42:01 PM

Hey, I'm not selling any XCP for a while, maybe a long while. I am just trying to establish what a fair market value is. .01 BTC puts XCP at approx 50% mastercoin valuation.

Maybe some XCP holders didn't know this, I didn't realize the huge disparity in valuation until I looked it up.

If all XCP holders know the actual value of what they have, then it is much less likely for a crazy speculative bubble to form. Granted this links XCP value to mastercoin, but that seemed to be the closest reference point. Gotta start somewhere.

James

P.S. I own a larger percentage of XCP than NXT, so I am fully motivated to help XCP values increase.

Agree, with your comments on valuation. 50% of Mastercoin marketcap(40 Million), would put us around 20 Million(or around 0.01 BTC).

This is already worth WAY more than Mastercoin! Phantom Phreak has accomplished more in 45 days than the teams at Nxt, Mastercoin, and ColoredCoin in the past 6-9 months!

peled1986

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Activity: 882

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Quote from: ?? on ??

I have set up an XCP buy/sell thread here:
https://bitcointalk.org/index.php?topic=445740.new#new
And here is the corresponding Google Doc order book which I will keep updated as quickly as I can:
https://docs.google.com/spreadsheet/ccc?key=0ArOlTj1IBke6dG1SRzRGRG5IQXpUV05XRFVGNlg0VGc#gid=0

selling 1000 XCP @ 0.01 BTC per XCP (10 BTC total)
(small amounts are ok)
please update the Google Doc

kdrop22

full member

Activity: 238

Merit: 100

Quote from: jl777 on February 02, 2014, 03:42:01 PM

Hey, I'm not selling any XCP for a while, maybe a long while. I am just trying to establish what a fair market value is. .01 BTC puts XCP at approx 50% mastercoin valuation.

Maybe some XCP holders didn't know this, I didn't realize the huge disparity in valuation until I looked it up.

If all XCP holders know the actual value of what they have, then it is much less likely for a crazy speculative bubble to form. Granted this links XCP value to mastercoin, but that seemed to be the closest reference point. Gotta start somewhere.

James

P.S. I own a larger percentage of XCP than NXT, so I am fully motivated to help XCP values increase.

Agree, with your comments on valuation. 50% of Mastercoin marketcap(40 Million), would put us around 20 Million(or around 0.01 BTC).

halfcab123

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CabTrader v2 | crypto-folio.com

Quote from: qtgwith on February 02, 2014, 03:37:04 PM

Quote from: jl777 on February 02, 2014, 03:23:14 PM

I reread the original NXT thread and I think one of the key reasons the price of NXT did so well was that immediately after genesis block, a market price of 1BTC per million NXT was established. This was a big premium over genesis price.

I think I saw some price for XCP at .01 BTC on some external site, I like the sounds of that for a starting market price.

If we can all be firm and not sell for below .01 BTC, then that will be the new price.

Someone needs to purchase XCP at .01BTC, I would but I burned all my spare BTC

Any buyer and seller to start the after-burn XCP trade market at .01BTC?

James

Why not 0.02BTC/XCP? Twenty times are essential for IPO.

Yeah 0.02 BTC/XCP makes more sense or even (+)

jl777

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Activity: 1176

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Quote from: qtgwith on February 02, 2014, 03:37:04 PM

Quote from: jl777 on February 02, 2014, 03:23:14 PM

I reread the original NXT thread and I think one of the key reasons the price of NXT did so well was that immediately after genesis block, a market price of 1BTC per million NXT was established. This was a big premium over genesis price.

I think I saw some price for XCP at .01 BTC on some external site, I like the sounds of that for a starting market price.

If we can all be firm and not sell for below .01 BTC, then that will be the new price.

Someone needs to purchase XCP at .01BTC, I would but I burned all my spare BTC

Any buyer and seller to start the after-burn XCP trade market at .01BTC?

James

Why not 0.02BTC/XCP? Twenty times are essential for IPO.

That puts it on par with mastercoin valuation. My guess is that XCP will trade at multiples of mastercoin, but it can't start there. Can it?

I guess one way to find out. What is the lowest price anybody here will sell XCP at right now?

jl777

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Activity: 1176

Merit: 1134

Quote from: IamNotSure on February 02, 2014, 03:33:25 PM

Quote from: jl777 on February 02, 2014, 03:23:14 PM

I reread the original NXT thread and I think one of the key reasons the price of NXT did so well was that immediately after genesis block, a market price of 1BTC per million NXT was established. This was a big premium over genesis price.

I think I saw some price for XCP at .01 BTC on some external site, I like the sounds of that for a starting market price.

If we can all be firm and not sell for below .01 BTC, then that will be the new price.

Someone needs to purchase XCP at .01BTC, I would but I burned all my spare BTC

Any buyer and seller to start the after-burn XCP trade market at .01BTC?

James

Establishing some kind of cartel like NXT is not sane (and I don't believe it's doable with so much XCP holders)

Actually, if I've burend some BTC, it's because of the fairness of the initial ditribution and excluded the idea of some happy few shareholders.

Now, if you you want to make a quick buck, you're welcome to try, It's a free market at last. But if I were you I'd wait at least the GUI.

Hey, I'm not selling any XCP for a while, maybe a long while. I am just trying to establish what a fair market value is. .01 BTC puts XCP at approx 50% mastercoin valuation.

Maybe some XCP holders didn't know this, I didn't realize the huge disparity in valuation until I looked it up.

If all XCP holders know the actual value of what they have, then it is much less likely for a crazy speculative bubble to form. Granted this links XCP value to mastercoin, but that seemed to be the closest reference point. Gotta start somewhere.

James

P.S. I own a larger percentage of XCP than NXT, so I am fully motivated to help XCP values increase.

kdrop22

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Activity: 238

Merit: 100

Quote from: ?? on ??

Quote from: jl777 on February 02, 2014, 03:23:14 PM

I reread the original NXT thread and I think one of the key reasons the price of NXT did so well was that immediately after genesis block, a market price of 1BTC per million NXT was established. This was a big premium over genesis price.

I think I saw some price for XCP at .01 BTC on some external site, I like the sounds of that for a starting market price.

If we can all be firm and not sell for below .01 BTC, then that will be the new price.

Someone needs to purchase XCP at .01BTC, I would but I burned all my spare BTC

Any buyer and seller to start the after-burn XCP trade market at .01BTC?

James

+1

James is a major community organizer at Nxt and knows a thing are two about AltCoin trade

PhantomPhreak

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Counterparty Chief Scientist and Co-Founder

Quote from: ?? on ??

Quote from: PhantomPhreak on February 02, 2014, 12:11:59 PM

Quote from: ?? on ??

Also, jimhsu's open bet doesn't show up on counterpartyd market

What's the transaction hash?

https://blockchain.info/tx/c1cfe0315493ac2cd140c2bf17aa8bbcf5cef265c22b6d6c3f453975e7875038

counterpartyd server printed out the details of the bet even though counterpartyd market failed to display it.

I tried taking the other side of the bet with this: https://blockchain.info/tx/b234808077dc30725e773f0e932bb5a96b0c55fc82d326313fbd9e4e76bff67d

Not sure if the bet was matched. Counterpartyd gave no indication of a match. But since they're both on the blockchain now any future fix should be able to pick it up?

I just fixed this problem on the master branch.

qtgwith

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Activity: 602

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Quote from: jl777 on February 02, 2014, 03:23:14 PM

I reread the original NXT thread and I think one of the key reasons the price of NXT did so well was that immediately after genesis block, a market price of 1BTC per million NXT was established. This was a big premium over genesis price.

I think I saw some price for XCP at .01 BTC on some external site, I like the sounds of that for a starting market price.

If we can all be firm and not sell for below .01 BTC, then that will be the new price.

Someone needs to purchase XCP at .01BTC, I would but I burned all my spare BTC

Any buyer and seller to start the after-burn XCP trade market at .01BTC?

James

Why not 0.02BTC/XCP? Twenty times are essential for IPO.

zbx

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Reddit thread: http://www.reddit.com/r/Bitcoin/comments/1wtz2b/2124_btc_destroyed_in_proofofburn/

romerun

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Bitcoin is new, makes sense to hodl.

so we HODL

IamNotSure

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Quote from: jl777 on February 02, 2014, 03:23:14 PM

I reread the original NXT thread and I think one of the key reasons the price of NXT did so well was that immediately after genesis block, a market price of 1BTC per million NXT was established. This was a big premium over genesis price.

I think I saw some price for XCP at .01 BTC on some external site, I like the sounds of that for a starting market price.

If we can all be firm and not sell for below .01 BTC, then that will be the new price.

Someone needs to purchase XCP at .01BTC, I would but I burned all my spare BTC

Any buyer and seller to start the after-burn XCP trade market at .01BTC?

James

Establishing some kind of cartel like NXT is not sane (and I don't believe it's doable with so much XCP holders)

Actually, if I've burend some BTC, it's because of the fairness of the initial ditribution and excluded the idea of some happy few shareholders.

Now, if you you want to make a quick buck, you're welcome to try, It's a free market at last. But if I were you I'd wait at least the GUI.

kdrop22

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Quote from: jl777 on February 02, 2014, 03:27:22 PM

Is it credible to say that XCP should be worth at least half of what mastercoin is worth?
If so, that is currently worth more than 0.01 BTC!

I just posted this analysis in another thread.

Valuation

MasterCoin Price -> 80$
CounterParty Price -> 1$

Product
MasterCoin -> Under development
Counterparty -> Working Prototype

MarketCap
MasterCoin -> 40 Million
CounterParty -> 2 Million (approx)

You can estimate the Counterparty market cap at 25% to 50% of Mastercoin.

Which could value it at -> 10 to 20 Million.

nakaone

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Activity: 742

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Quote from: jl777 on February 02, 2014, 03:23:14 PM

I reread the original NXT thread and I think one of the key reasons the price of NXT did so well was that immediately after genesis block, a market price of 1BTC per million NXT was established. This was a big premium over genesis price.

I think I saw some price for XCP at .01 BTC on some external site, I like the sounds of that for a starting market price.

If we can all be firm and not sell for below .01 BTC, then that will be the new price.

Someone needs to purchase XCP at .01BTC, I would but I burned all my spare BTC

Any buyer and seller to start the after-burn XCP trade market at .01BTC?

James

it is one of the most promising long term projects, i am not willing to sell anyway

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 570. (Read 1276936 times)