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Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 619. (Read 1276933 times)

sr. member
Activity: 441
Merit: 250
is it known how long the IOU will last?
legendary
Activity: 1512
Merit: 1004
HOW to send XCP ?

Here's how I do it:
Quote
./counterpartyd.py send --from=[sending_address] --to=[receiving_address] --quantity=[quantity] --asset=XCP
Got it,many thanks.
hero member
Activity: 700
Merit: 500
HOW to send XCP ?

Here's how I do it:
Quote
./counterpartyd.py send --from=[sending_address] --to=[receiving_address] --quantity=[quantity] --asset=XCP
legendary
Activity: 1512
Merit: 1004
hero member
Activity: 700
Merit: 500
If anyone is unable to burn Bitcoins, I'm offering a "escrow burn" service. You can send me your Bitcoins, I burn them for you and send back XCP to an address of your choice.
All details and a request form are here:
https://docs.google.com/forms/d/1GY1pNSLo8PUW8cSb9WJC8OdQOdrZ510pGEXTBIvq3i0

My trust feedback page is here. If you have questions, please just send a PM.

Really appreciate what you did in escrow of MSC transactions.

That said, to be fair, with 5% fee, I think you at least need to be liable to the loss caused by your incorrect burning or sending. That means at least you need to ensure the correct amount is shown in blockscan.com.

Definitely. The "no liability" clause is meant to be a protection in case someone takes legal actions against me.

As with all the other escrows I did, I would definitely compensate people for mistakes I make. And with counterparty being such a new and experimental protocol there could be quite a few pitfalls, that's why I charge a 5% fee for this service.

But to be honest, I don't think my service is needed at all, because you can burn Bitcoins without counterpartyd following the directions here. Actually, I'm encouraging people to do so. My service is meant to be a last resort solution.
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
BTW, even though there is no guarantee for so many things when it comes to XCP there is 724.8935 BTC burned already at the time of
this post. Can't belive it. If I or someone else asked for 0.01 BTC for free no one would send it. All you morons would just go over that
the same way you would go over a guy on a street asking for a change to buy food. Fuck you! I wish you lose all your money invested.

So??, I had been involved in bitcoin in since price was a 0.9 cents @ new liberty exchange, believe me there was enough guys laughing when price hit $1.. chomping at the bit to call it a bubble and ridiculing the notion of people paying $1 for a wow tokens. string of 1's and 0's- they were writing about how they hope all lose money in same way you are and don't come crying when it happens. same guys around at 2$, 5$, 10$ scream tulips. and so on and so forth. of course they will still be around in further 5 years.  

equivalent in  what.. $611,000 invested Is that shocking these days to you? Meanwhile BBQcoin and Sexcoin- two copy paste junkcoins have higher market cap. You tell me what the fuck is copperlark with 1.3mil market cap..zetacoin? with 3mill, infinitecoin with 5mill? what do they bring to the table, any tangible benefits or just serve to accelerate dilution.

The comparison to giving money to beggars is lacking. If you've taken a cursory glance at reference implementation and spec you will see potential here. not promises of potential but verifiable potential. not just a concept or whitepaper but working code. Bitcoin 1.0 is not even mature, but "2nd gen" protocol layers and offshoots are appearing and it's about time. It is the future. This is not another-few tweaked params . ctrl+f replace on bitcoin-qt instamined shit coin made promoted by 14 year olds for siphoning off a few weeks of profitable gpu mining-- so it's absolutely not surprising to see the investment come in at the rate it's come in, it's only comparitively tiny slice of the future pie.


took the words out of my mouth

+1

(trying to find my bbqcoin wallet lol)
legendary
Activity: 882
Merit: 1000
If anyone is unable to burn Bitcoins, I'm offering a "escrow burn" service. You can send me your Bitcoins, I burn them for you and send back XCP to an address of your choice.
All details and a request form are here:
https://docs.google.com/forms/d/1GY1pNSLo8PUW8cSb9WJC8OdQOdrZ510pGEXTBIvq3i0

My trust feedback page is here. If you have questions, please just send a PM.

Really appreciate what you did in escrow of MSC transactions.

That said, to be fair, with 5% fee, I think you at least need to be liable to the loss caused by your incorrect burning or sending. That means at least you need to ensure the correct amount is shown in blockscan.com.
legendary
Activity: 1050
Merit: 1000
Is there a easy way to burn on a Win 7 32 bit system?
hero member
Activity: 756
Merit: 502
If anyone is unable to burn Bitcoins, I'm offering a "escrow burn" service. You can send me your Bitcoins, I burn them for you and send back XCP to an address of your choice.
All details and a request form are here:
https://docs.google.com/forms/d/1GY1pNSLo8PUW8cSb9WJC8OdQOdrZ510pGEXTBIvq3i0

My trust feedback page is here. If you have questions, please just send a PM.

I did escrow trades through maxmint in past, can vouch that he is a trust-able person.
hero member
Activity: 700
Merit: 500
If anyone is unable to burn Bitcoins, I'm offering a "escrow burn" service. You can send me your Bitcoins, I burn them for you and send back XCP to an address of your choice.
All details and a request form are here:
https://docs.google.com/forms/d/1GY1pNSLo8PUW8cSb9WJC8OdQOdrZ510pGEXTBIvq3i0

My trust feedback page is here. If you have questions, please just send a PM.
hero member
Activity: 756
Merit: 502
I prefer burning my coins to helping a few individual rich. Many ppl must have felt the same, 70 coins burnt a day on avg speaks for itself. This is the most honest IPO coin so far.

I concur. It's about time there would be an even-distribution project, looking to advance crypto currency in general, rather then enriching some individuals overnight.

Still, would be great to hear the community opinion about bounties.
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
BTW, even though there is no guarantee for so many things when it comes to XCP there is 724.8935 BTC burned already at the time of
this post. Can't belive it. If I or someone else asked for 0.01 BTC for free no one would send it. All you morons would just go over that
the same way you would go over a guy on a street asking for a change to buy food. Fuck you! I wish you lose all your money invested.

This is a bizarre attitude. By burning BTC, any investor in XCP is effectively making BTC scarce, and therefore is potentially making all other BTC worth a little bit more. If you don't believe XCP is worth anything, think of investing in it as a voluntary "tax" / "donation" to help out *all* other BTC investors, not a destruction of real value.

scotjam

I prefer burning my coins to helping a few individual rich. Many ppl must have felt the same, 70 coins burnt a day on avg speaks for itself. This is the most honest IPO coin so far.
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
Are the devs broadcasting CoinDesk API prices? That's interesting, if a bit pricey for a broadcast service. How to use this to place a bet though?

Broadcast: 'CoinDesk BPI USD' = 856.5558 from 1Pcpxw6wJwXABhjCspe3CNf3gqSeh6eien
 at 2014-01-13T20:10:27-06:00 with a fee multiplier of 0.0010 (b844b81e...7580d4
f5)

Broadcast: 'CoinDesk BPI USD' = 855.2317 from 1CeQHd59TFKWQzsWYDXc9NDX2ooMSRpiqi
 at 2014-01-13T21:10:45-06:00 with a fee multiplier of 0.0010 (e0ab9cad...af90bc
6b)

For the record, that's a fee of 0.1% on every bet made on it. (SatoshiDice has a rake of 0.5%, by comparison.) And the fee should be high enough that the broadcaster is incentivised to be honest. (This should be largely independent of volume.)

Create a CFD, e.g., with this command:
counterpartyd.py bet --from=ADDRESS --feed-address=1CeQHd59TFKWQzsWYDXc9NDX2ooMSRpiqi --bet-type='BullCFD' --deadline='Jan 20 12:00:00 UTC 2014' --wager=10 --counterwager=10 --expiration=10
sr. member
Activity: 269
Merit: 250
BTW, even though there is no guarantee for so many things when it comes to XCP there is 724.8935 BTC burned already at the time of
this post. Can't belive it. If I or someone else asked for 0.01 BTC for free no one would send it. All you morons would just go over that
the same way you would go over a guy on a street asking for a change to buy food. Fuck you! I wish you lose all your money invested.

This is a bizarre attitude. By burning BTC, any investor in XCP is effectively making BTC scarce, and therefore is potentially making all other BTC worth a little bit more. If you don't believe XCP is worth anything, think of investing in it as a voluntary "tax" / "donation" to help out *all* other BTC investors, not a destruction of real value.

scotjam
hero member
Activity: 756
Merit: 502
The drawback is that they will have no enough money to hire more developers and provide bounties. The advantage is that the community is more willing to contribute to this project as long as they get some XCP. It's like open-source community project vs. private company project.

That my point exactly, where from these XCP's are going to be paid off?

If the developers are not allocating some development fund (and apparently they not), the only source for these XCP would be the community, which may actually prefer hoarding the coins, rather then donating them for the cause.
legendary
Activity: 882
Merit: 1000
After following all the bitcoind configuration and counterpartyd installation instructions, I run bitcoin-qt and receive this error "You need to rebuild the database using -reindex to change -txindex". Then the program closes. How do I solve this issue?
run "bitcoin-qt --reindex" in a terminal and wait about 12 hours for it to finish. Smiley

Hmmm, 12 hours? With a modern cpu and ssd? Maybe I'll use another burn method.
Yes, it's a single-thread task, but ssd may helps. You have to do it anyway if you want to use the XCP, so I suggest doing it now. The difference between burning it now and 12 hours later is negligible. Smiley
legendary
Activity: 882
Merit: 1000
Question, once we done burning, how exactly the founding developers will be motivated for keeping up with the work?

Will there be any bounties system set, and how it's going to be sponsored?

1) The founding developers have no access to the burnt bitcoins, so whether the burning finish or not does not affect their incentives. If they burnt some bitcoins (most likely they have burnt quite a lot), then they have the same incentives as our investors. Since they have spent a lot of time on it already, hopefully they will have more incentive. Smiley

Actually I think they will have more incentives than those who have access to exodus address, because the only way for the developers to be beneficial from this project is to make it a success. Those who have access to exodus address may feel they are rich enough and just enjoy the BTC they received. Smiley

The drawback is that they will have no enough money to hire more developers and provide bounties. One the other hand, the community is more willing to contribute to this project as long as they have invested on this project (either by burning some btc or buying some in the market). It's like open-source community project vs. private company project.

2) They've provide a donation address, but currently only 4 transactions and 0.046 BTC has been donated.
[qoute]
We are looking for community contributions of testing, bug reports, patches, and companion software (e.g. built around counterpartyd). We are also asking for donations of BTC and XCP to 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs, which funds will be used to issue bounties for the development of the project.
[/quote]
Note: don't trust the address in quote of others (including me) and always check the post #1 of this thread.  Grin

hero member
Activity: 756
Merit: 502
Question, once we done burning, how exactly the founding developers will be motivated for keeping up with the work?

Will there be any bounties system set, and how it's going to be sponsored?
legendary
Activity: 882
Merit: 1000
After following all the bitcoind configuration and counterpartyd installation instructions, I run bitcoin-qt and receive this error "You need to rebuild the database using -reindex to change -txindex". Then the program closes. How do I solve this issue?
run "bitcoin-qt --reindex" in a terminal and wait about 12 hours for it to finish. Smiley
sr. member
Activity: 364
Merit: 264
Yes a lot of work needs to be done to make this more, well, usable. That's the price of early adoption.
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