[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 610.

sumantso

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Quote from: BitThink on January 17, 2014, 06:00:25 AM

Quote from: halfcab123 on January 17, 2014, 05:53:31 AM

im thinking 1 xcp should at least get to the 3 - 4 mBTC range

Your want it to be or you think it will be? If latter, may I know your reason?

He is just hoping I guess. I will start doing the same too once I have burned my BTC. By the time burning is over, there may be 3-4 million XCPs so I doubt there will be an immediate price hike. I do like it coz the devs seem to be approaching the right way (unlike NXT or MSC).

It was working fine yesterday. However, today it refused to run claiming some module is missing so I deleted everything and starting from scratch. I am a total noob here too and thanks to all who kept replying and helping me set it up.

EDIT: When I send from the command line, it just says from address and amount. Where is the fee?
EDIT2: Its not running. Says Import Error: No module named 'apsw'
Btw, how do you copy from cmd? Its a pain typing in errors manually in here.

PhantomPhreak

sr. member

Activity: 476

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Counterparty Chief Scientist and Co-Founder

Quote from: mtbitcoin on January 16, 2014, 11:44:16 PM

Hi PhantomPhreak/xnova

I have noticed that duplicate ASSETs were allowed to be created. Please see http://blockscan.com/asset.aspx.

You will notice that the duplicate asset names for "SPACE" and "NEXT" both were created by the same issuer. Wouldn't this lead to confusion?

Cheers

Those aren't duplicate issuances, but rather cumulative (with a max of 2^63 - 1).

EDIT: I just tweaked this.

BitThink

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Quote from: halfcab123 on January 17, 2014, 05:53:31 AM

im thinking 1 xcp should at least get to the 3 - 4 mBTC range

Your want it to be or you think it will be? If latter, may I know your reason?

EDIT: it's a honest question. I really want to read some analysis with data.

Something like how many new IPOs per month in Havelock, how many new bets in bitbet and how much XCP it needs if we have similar popularity.

halfcab123

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CabTrader v2 | crypto-folio.com

im thinking 1 xcp should at least get to the 3 - 4 mBTC range

halfcab123

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anyone care to help a noob use the send command?

mtbitcoin

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Etherscan.io

Quote from: doitnow link=topic=395761.msg4559014#msg4559014

You shouldn't compare these two at that early stage. Counterpartyd hasn't been tested well (yet). Would you put all your stash on one address knowing that system may not be stable enough? (At this point)

There is already "burning" service ongoing and how do you think the coins are getting "send"? Cheesy

The risk of the "send" command is no greater than burning your coins via the blockchain (at this point)

tangboysomeone

member

Activity: 67

Merit: 10

hello

I install the installer in win7 64bit.
When i ran the command counterpartyd server,
when the blocknum reach 280518
i got such problem

Quote

Status: RESTART
Block: 280518
Traceback (most recent call last):
File "C:\Python33\lib\site-packages\cx_Freeze\initscripts\Console3.py", line 2
7, in
exec(code, m.__dict__)
File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 621, i
n
File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 479, in f
ollow
File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 472, in f
ollow
File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 57, in pa
rse_block
File "C:\counterpartyd_build\dist\counterpartyd\lib\issuance.py", line 103, in
parse
File "C:\counterpartyd_build\dist\counterpartyd\lib\util.py", line 148, in cre
dit
AssertionError

anyone know

doitnow

member

Activity: 86

Merit: 10

Quote from: mtbitcoin on January 17, 2014, 12:14:25 AM

Quote from: doitnow on January 16, 2014, 11:23:11 PM

Quote from: mtbitcoin on January 16, 2014, 11:08:01 PM

Quote from: doitnow on January 16, 2014, 08:53:48 PM

Quote from: halfcab123 on January 16, 2014, 06:21:16 PM

I've got like 6,700 XCP on 5 different BTC addresses -_____-
Can someone please tell me how to consolidate this ?

Why would you do that? isn't more secure have them all separately?

alternatively You can simply give me all yours private keys to these addresses and I will look after consolidation Wink

In theory, you can use the send command from Counterparty client to consolidate all your balances

Cheers

Is there any advantage of this?

The advantages/disadvantages are as the same as consolidating your coins in Bitcoin.

However, I see someone has already done it as we have a new RICH XCP address at http://blockscan.com/balance.aspx Cheesy

You shouldn't compare these two at that early stage. Counterpartyd hasn't been tested well (yet). Would you put all your stash on one address knowing that system may not be stable enough? (At this point)

mtbitcoin

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Quote from: BitThink on January 17, 2014, 12:39:02 AM

Quote from: halfcab123 on January 17, 2014, 12:03:40 AM

Wouldd it even be possible for this coin to get those kind of returns like Mastercoin. I was under the impression it wouldn't be

More people burn now means less chance to get more than 10x return like Mastercoin in short time.

Those kind of return (10x -> 1000x) requires that people highly suspect it in the beginning and then later found it real and useful. The extreme case is Nxt. Almost no one trusted it in the IPO stage (they got 21 BTC only), and then when the client came out and it worked, the price shot up because the demand suddenly increases but most chips are controlled in the hand of a few people and it's quite easy for they to hold and see the price up to the sky.

For XCP, 1) people are already quite familiar with the idea due to MSC; 2) the 'Prove by Burn' removes the trust issue; 3) the client is working and we can see the source code, so you can see that there're already 1200 BTC burnt in less than half a month. The situation, however, is almost the same after the IPO. Most of people want to buy will burn now anyway. For the demand from those new comers, the supply (from those want quick profit of 30-40%) will be enough to keep the low price.

Therefore, no reason to expect the price could rise significantly without any big news (e.g. a beautiful and user friendly client; a famous asset such as AM moves in; or a lot of bets like those in bitbet are available).

+1 summed up well.. Which is why I mentioned that anyone expecting jumps like MSC (or quantum leaps like NXT) would be disappointed

BitThink

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Quote from: halfcab123 on January 17, 2014, 12:03:40 AM

Wouldd it even be possible for this coin to get those kind of returns like Mastercoin. I was under the impression it wouldn't be

More people burn now means less chance to get more than 10x return like Mastercoin in short time.

Those kind of return (10x -> 1000x) requires that people highly suspect it in the beginning and then later found it real and useful. The extreme case is Nxt. Almost no one trusted it in the IPO stage (they got 21 BTC only), and then when the client came out and it worked, the price shot up because the demand suddenly increases but most chips are controlled in the hand of a few people and it's quite easy for they to hold and see the price up to the sky.

For XCP, 1) people are already quite familiar with the idea due to MSC; 2) the 'Prove by Burn' removes the trust issue; 3) the client is working and we can see the source code, so you can see that there're already 1200 BTC burnt in less than half a month. The situation, however, is almost the same after the IPO. Most of people want to buy will burn now anyway. For the demand from those new comers, the supply (from those want quick profit of 30-40%) will be enough to keep the low price.

Therefore, no reason to expect the price could rise significantly without any big news (e.g. a beautiful and user friendly client; a famous asset such as AM moves in; or a lot of bets like those in bitbet are available).

halfcab123

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CabTrader v2 | crypto-folio.com

I got like 8k XCP right now, considering getting some more. I like this project

mtbitcoin

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Quote from: doitnow on January 16, 2014, 11:23:11 PM

Quote from: mtbitcoin on January 16, 2014, 11:08:01 PM

Quote from: doitnow on January 16, 2014, 08:53:48 PM

Quote from: halfcab123 on January 16, 2014, 06:21:16 PM

I've got like 6,700 XCP on 5 different BTC addresses -_____-
Can someone please tell me how to consolidate this ?

Why would you do that? isn't more secure have them all separately?

alternatively You can simply give me all yours private keys to these addresses and I will look after consolidation Wink

In theory, you can use the send command from Counterparty client to consolidate all your balances

Cheers

Is there any advantage of this?

The advantages/disadvantages are as the same as consolidating your coins in Bitcoin.

However, I see someone has already done it as we have a new RICH XCP address at http://blockscan.com/balance.aspx Cheesy

halfcab123

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Activity: 224

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CabTrader v2 | crypto-folio.com

Wouldd it even be possible for this coin to get those kind of returns like Mastercoin. I was under the impression it wouldn't be

mtbitcoin

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Etherscan.io

Quote from: BitThink on January 16, 2014, 11:33:48 PM

Quote from: mtbitcoin on January 16, 2014, 11:19:05 PM

Quote from: doitnow on January 16, 2014, 09:13:11 PM

I know it's off of topic but it seems that most of guys here switched from MSC to XCP. What happened? did u lose your faith in MSC? Grin

I'm glad that you're supporting this project. It only assured me about my investment.

Looking forward to see more development.

I think the reason you see this is because they are hoping to make gains as large as in mastercoin. However, if that is the intention I personally feel a lot of people are going be disappointed. Because compared with MSC the distribution of coins in XCP is very much even and as such it would be more difficult to 'manipulate' the market, so to speak

I don't have the statistics here but I'm betting more than half of the guys burning coins here are looking for a fast turnaround in profit and will throw the coins as fast as they have burned their coins Wink

Caveat emptor

For some people, get 30% - 40% return in one month is already a good investment. Suppose the daily burnt BTC count keeps current up trend, quite a lot of people will buy XCP at 0.001 BTC after the last burn block. Those who have already burnt could get 30-40% profit by selling their XCP that time (assume the exchange is already stable then).

For those who want 10x or even higher return, they have to wait until there're more and more popular assets/bets are created and the demand increases significantly. For that to happen, the counterpartyd have to be heavily tested and be reasonable stable first. The schedule is tight, cause MSC Dex is already under testing now. The first arriver will most likely be the only winner.

Noted. However, I was not referring to the 30-40% gains specifically as I was under the impression that most of MSC guys who are sitting on the IPO coins, are up more than 1300% at least given the 1BTC:100MSC ratio during the exodus period?

Cheers

mtbitcoin

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Etherscan.io

Hi PhantomPhreak/xnova

I have noticed that duplicate ASSETs were allowed to be created. Please see http://blockscan.com/asset.aspx.

You will notice that the duplicate asset names for "SPACE" and "NEXT" both were created by the same issuer. Wouldn't this lead to confusion?

Cheers

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: mtbitcoin on January 16, 2014, 11:19:05 PM

Quote from: doitnow on January 16, 2014, 09:13:11 PM

I know it's off of topic but it seems that most of guys here switched from MSC to XCP. What happened? did u lose your faith in MSC? Grin

I'm glad that you're supporting this project. It only assured me about my investment.

Looking forward to see more development.

I think the reason you see this is because they are hoping to make gains as large as in mastercoin. However, if that is the intention I personally feel a lot of people are going be disappointed. Because compared with MSC the distribution of coins in XCP is very much even and as such it would be more difficult to 'manipulate' the market, so to speak

I don't have the statistics here but I'm betting more than half of the guys burning coins here are looking for a fast turnaround in profit and will throw the coins as fast as they have burned their coins Wink

Caveat emptor

For some people, get 30% - 40% return in one month is already a good investment. Suppose the daily burnt BTC count keeps current up trend, quite a lot of people will buy XCP at 0.001 BTC after the last burn block. Those who have already burnt could get 30-40% profit by selling their XCP that time (assume the exchange is already stable then).

For those who want 10x or even higher return, they have to wait until there're more and more popular assets/bets are created and the demand increases significantly. For that to happen, the counterpartyd have to be heavily tested and be reasonable stable first. The schedule is tight, cause MSC Dex is already under testing now. The first arriver will most likely be the only winner.

RarsMover11

newbie

Activity: 43

Merit: 0

Quote from: Wit22 on January 16, 2014, 10:52:40 PM

I'm interested in investing but I don't want to do the burn myself.

Someone mentioned that maxmint or others are offering a burn service?
Is this true and is he reputable?

Thanks

I have used maxmint both for MSC escrow and also for Xcp burn escrow.

doitnow

member

Activity: 86

Merit: 10

Quote from: mtbitcoin on January 16, 2014, 11:08:01 PM

Quote from: doitnow on January 16, 2014, 08:53:48 PM

Quote from: halfcab123 on January 16, 2014, 06:21:16 PM

I've got like 6,700 XCP on 5 different BTC addresses -_____-
Can someone please tell me how to consolidate this ?

Why would you do that? isn't more secure have them all separately?

alternatively You can simply give me all yours private keys to these addresses and I will look after consolidation Wink

In theory, you can use the send command from Counterparty client to consolidate all your balances

Cheers

Is there any advantage of this?

mtbitcoin

legendary

Activity: 876

Merit: 1000

Etherscan.io

Quote from: doitnow on January 16, 2014, 09:13:11 PM

I know it's off of topic but it seems that most of guys here switched from MSC to XCP. What happened? did u lose your faith in MSC? Grin

I'm glad that you're supporting this project. It only assured me about my investment.

Looking forward to see more development.

I think the reason you see this is because they are hoping to make gains as large as in mastercoin. However, if that is the intention I personally feel a lot of people are going be disappointed. Because compared with MSC the distribution of coins in XCP is very much even and as such it would be more difficult to 'manipulate' the market, so to speak

I don't have the statistics here but I'm betting more than half of the guys burning coins here are looking for a fast turnaround in profit and will throw the coins as fast as they have burned their coins Wink

Caveat emptor

mtbitcoin

legendary

Activity: 876

Merit: 1000

Etherscan.io

Quote from: doitnow on January 16, 2014, 08:53:48 PM

Quote from: halfcab123 on January 16, 2014, 06:21:16 PM

I've got like 6,700 XCP on 5 different BTC addresses -_____-
Can someone please tell me how to consolidate this ?

Why would you do that? isn't more secure have them all separately?

alternatively You can simply give me all yours private keys to these addresses and I will look after consolidation Wink

In theory, you can use the send command from Counterparty client to consolidate all your balances

Cheers

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 610. (Read 1276933 times)