[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 626.

panonym

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Quote from: reader31 on January 12, 2014, 08:01:48 PM

One we get a few GUI clients in place I'm not selling for less than 10 XCP per BTC. Wink

That's the mindset Grin

(to have even before any GUI)

Quote from: SyRenity on January 12, 2014, 08:16:58 PM

Speaking of, is there any comparison to MCS, meaning how exactly XCP is different?

Trolling attempt? Roll Eyes

Let's try to avoid it.
I'll keep it to: Many ideas are similar.
XCP has a working decentralized exchange, where MSC only have words of it (since months).
Fee on XCP are ~3x cheaper.
Lunch style differ greatly.
Community ambiance differ.

SyRenity

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Quote from: panonym on January 12, 2014, 05:17:12 PM

Why would you store wealth in Yuan/Gold, if you have USD for that?
Why would you store wealth in BTC when you have so many other choice?
Diversification maybe?
Why XCP? Decentralized exchange appeal, new wealth repartition, new rarity, sole alt with exactly the same security as BTC, new possibilities.

(glad I'm not in MSC, such happy ambiance in their main post...)

Interesting points, indeed diversification is the main reason for alts to exist.

Speaking of, is there any comparison to MCS, meaning how exactly XCP is different?

reader31

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Quote from: panonym on January 12, 2014, 06:08:58 PM

Quote from: reader31 on January 12, 2014, 05:56:49 PM

Also the proof of burn - trusted backed model will definitely add to the value of the coin. As I see it... in a world filled with ipo scams, trust is a rare commodity.

Sure, so obvious that I skipped it.
Creating a good probability that most will never sell for less than 1 BTC per 1000 XCP.
(And if you guys wanna make money like I do, avoid selling cheaper than 1 BTC per 100 XCP unless you really need moving funds.)

One we get a few GUI clients in place I'm not selling for less than 10 XCP per BTC. Wink

panonym

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Oh that's Vitalik who is behind Ethereum? interesting.
I subscribed to the mailing list, but know nothing about this project.
Do you have a few good link? public or PM
(Oh and preferably simple, it just came back to me why I know nothing about it after quickly checking back http://ethereum.org/ethereum.html)

About EMU, nothing to worry about... the dev is completely freaking out - he appear close to burn out, 'fairly safe to say it's not gonna move big before March

Anotheranonlol

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xcp end of burn coincides with ethereum launch & to a lesser extent, emu. Some attention will be diverted away.

panonym

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Quote from: reader31 on January 12, 2014, 05:56:49 PM

Also the proof of burn - trusted backed model will definitely add to the value of the coin. As I see it... in a world filled with ipo scams, trust is a rare commodity.

Sure, so obvious that I skipped it.
Creating a good probability that most will never sell for less than 1 BTC per 1000 XCP.
(And if you guys wanna make money like I do, avoid selling cheaper than 1 BTC per 100 XCP unless you really need moving funds.)

jimhsu

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Quote from: reader31 on January 12, 2014, 05:56:49 PM

Quote from: panonym on January 12, 2014, 05:17:12 PM

Quote from: SyRenity on January 12, 2014, 04:40:29 PM

And why you would store wealth in MSC/XCP, if you have BTC for that?

Why would you store wealth in Yuan/Gold, if you have USD for that?
Why would you store wealth in BTC when you have so many other choice?
Diversification maybe?
Why XCP? Decentralized exchange appeal, new wealth repartition, new rarity, sole alt with exactly the same security as BTC, new possibilities.

(glad I'm not in MSC, such happy ambiance in their main post...)

Also the proof of burn - trusted backed model will definitely add to the value of the coin. As I see it... in a world filled with ipo scams, trust is a rare commodity. Think the community is already recognizing that, evident from the success of the ipo so far.

Ironically a trustless (proof of burn) scheme is key to the "trust model".

And as for the diversity of currencies; I won't comment except to say that trading (everything from horse meat to salt to shares of Microsoft to Bitcoins) is built on the idea of exchanging something of value for something else of value.

xnova

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Windows installer binaries have been updated to the newest counterpartyd commit (54c5f71002ee2b5a614aa7df2ada3a44577a31c1), which supports multisig. (Keep in mind this functionality is still in BETA, at best.

)

reader31

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Quote from: panonym on January 12, 2014, 05:17:12 PM

Quote from: SyRenity on January 12, 2014, 04:40:29 PM

And why you would store wealth in MSC/XCP, if you have BTC for that?

Why would you store wealth in Yuan/Gold, if you have USD for that?
Why would you store wealth in BTC when you have so many other choice?
Diversification maybe?
Why XCP? Decentralized exchange appeal, new wealth repartition, new rarity, sole alt with exactly the same security as BTC, new possibilities.

(glad I'm not in MSC, such happy ambiance in their main post...)

Also the proof of burn - trusted backed model will definitely add to the value of the coin. As I see it... in a world filled with ipo scams, trust is a rare commodity. Think the community is already recognizing that, evident from the success of the ipo so far.

xnova

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Quote from: kdrop22 on January 12, 2014, 05:25:56 PM

Quote from: watuba on January 12, 2014, 06:08:56 AM

Burning bitcoins seems like such a stupid counterintuitive idea. I like it!

If you were to burn coins from an armory wallet, would there be any problems different from burning from a blockchain.info wallet as described in the instructions?

I woudn't try it , unless armory provides a way to manually control the transaction details.

Armory has an 'Expert' mode that provides full coin control capabilities. If you know what you're doing, armory technically has the capabilities to work fine.

kdrop22

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Quote from: watuba on January 12, 2014, 06:08:56 AM

Burning bitcoins seems like such a stupid counterintuitive idea. I like it!

If you were to burn coins from an armory wallet, would there be any problems different from burning from a blockchain.info wallet as described in the instructions?

I woudn't try it , unless armory provides a way to manually control the transaction details.

panonym

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Quote from: SyRenity on January 12, 2014, 04:40:29 PM

And why you would store wealth in MSC/XCP, if you have BTC for that?

Why would you store wealth in Yuan/Gold, if you have USD for that?
Why would you store wealth in BTC when you have so many other choice?
Diversification maybe?
Why XCP? Decentralized exchange appeal, new wealth repartition, new rarity, sole alt with exactly the same security as BTC, new possibilities.

(glad I'm not in MSC, such happy ambiance in their main post...)

panonym

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Quote from: flayway on January 12, 2014, 03:48:47 PM

Quote from: flayway on January 12, 2014, 03:35:02 PM

How long can take before burn is complete? I just send 1btc more and I can see that in blockchain.info page that my transfer have go to 1counterpartyXXXX.... and have already 7 confirmations but i dont see that in blockscan.com page... Hope not go wrong Cheesy

11 confirmations now and cant see in blockscan. I lose that or some possibility its coming late?

Blockscan has stop to sync for the moment.
I don't think you lose what you burn, just have to be patient until the current situation is solved.
For now no more burn can be checked. Should be soon resolved.

PhantomPhreak, I got the same error as mtbitcoin on block 280132. I guess everyone is.

Code:

Block: 280128
Block: 280129
Block: 280130
Block: 280131
Traceback (most recent call last):
  File "/home/user/counterpartyd_build/dist/counterpartyd/counterpartyd.py", line 621, in
   blocks.follow(db)
  File "/home/user/counterpartyd_build/dist/counterpartyd/lib/blocks.py", line 471, in follow
   raise e
  File "/home/user/counterpartyd_build/dist/counterpartyd/lib/blocks.py", line 438, in follow
   source, destination, btc_amount, fee, data = get_tx_info(tx)
  File "/home/user/counterpartyd_build/dist/counterpartyd/lib/blocks.py", line 301, in get_tx_info
   data = binascii.unhexlify(bytes(asm[1], 'utf-8'))
binascii.Error: Odd-length string

My guess is by now you modified the source code on git & we all just need to update it.
Could you confirm that a basic update is all that is necessary please.
Also, do you have some doc about multi-signature outputs? and maybe a comparison with OP_RETURNs.

edit: hum... decided to try without waiting confirmation.
Seem to work but it started a new database from block 278270.
So I'm good for a 4~8h update. 'hope it's only once (again).

peer2peer360

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Quote from: PhantomPhreak on January 12, 2014, 04:12:52 PM

Quote from: sixteendigits on January 12, 2014, 03:46:31 PM

Quote from: jimhsu on January 12, 2014, 01:24:14 PM

Quote from: peer2peer360 on January 12, 2014, 01:22:21 PM

Quote from: sixteendigits on January 12, 2014, 12:18:53 PM

So if I want to burn more than 1 BTC, it is ok to use the same wallet, just as long as I am making a new adderess for each BTC, correct?

I could be wrong normally & usually I am

what was understood was that you could

Burn NO more than 1BTC (0.99990000) per address.

the other part that needs answering is the Importance
of why it's not wise to burning More than 1BTC??

You can burn up to 1 BTC (that is, send 1.0001 BTC to your burn wallet to get 1 BTC + 0.0001 miner's fee)
Burning more than 1 BTC from the same address will not give you more XCP than burning just 1 BTC.

Quote from: peer2peer360 on January 12, 2014, 01:22:21 PM

Quote from: sixteendigits on January 12, 2014, 12:18:53 PM

So if I want to burn more than 1 BTC, it is ok to use the same wallet, just as long as I am making a new adderess for each BTC, correct?

I could be wrong normally & usually I am

what was understood was that you could

Burn NO more than 1BTC (0.99990000) per address.

2nd burn MUST Be from a new wallet, new address only
1 BTC per address

the other part that needs answering is the Importance
of why it's not wise to burn More than 1BTC??

Hold on, PhantomPhreak can you please clarify this? Do we need to make a new wallet for every burn, or can we simply make a new address within the same wallet?

Those instructions to create a new wallet were for using Bitcoind/Bitcoin-QT. Using counterpartyd or Blockchain.info, you only need a new address.

if that's true then it makes perfect sense now.

Using Counterpartyd & Blockchain.org
(requires Only new address)

Using Bitcoind/bitcoin QT
(required New wallet, New Address)

SyRenity

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Quote from: jimhsu on January 12, 2014, 03:47:56 PM

Where I could understand is if stslimited considers MSC and XCP transactional currencies, rather than stores of value. And that is right to an extent; the non store-of-value features of these currencies has been a selling point, so to speak. However, in light of this view, I'd like to point to several posts highlighting the transactional currency status of BTC itself, which the community has (by now) embraced the store-of-value concept. Thus, I don't think at all that the transactional and store-of-value concepts should be segregated at all, at least when talking about these.

And why you would store wealth in MSC/XCP, if you have BTC for that?
At least NXT offers a completely new way of coin creation, which makes the ASIC race pointless.

flayway

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Quote from: PhantomPhreak on January 12, 2014, 04:12:52 PM

Those instructions to create a new wallet were for using Bitcoind/Bitcoin-QT. Using counterpartyd or Blockchain.info, you only need a new address.

I have make new blockchain account to all my coins what have burned expect first two because think all go sure right Grin

PhantomPhreak

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Quote from: sixteendigits on January 12, 2014, 03:46:31 PM

Quote from: jimhsu on January 12, 2014, 01:24:14 PM

Quote from: peer2peer360 on January 12, 2014, 01:22:21 PM

Quote from: sixteendigits on January 12, 2014, 12:18:53 PM

So if I want to burn more than 1 BTC, it is ok to use the same wallet, just as long as I am making a new adderess for each BTC, correct?

I could be wrong normally & usually I am

what was understood was that you could

Burn NO more than 1BTC (0.99990000) per address.

the other part that needs answering is the Importance
of why it's not wise to burning More than 1BTC??

You can burn up to 1 BTC (that is, send 1.0001 BTC to your burn wallet to get 1 BTC + 0.0001 miner's fee)
Burning more than 1 BTC from the same address will not give you more XCP than burning just 1 BTC.

Quote from: peer2peer360 on January 12, 2014, 01:22:21 PM

Quote from: sixteendigits on January 12, 2014, 12:18:53 PM

So if I want to burn more than 1 BTC, it is ok to use the same wallet, just as long as I am making a new adderess for each BTC, correct?

I could be wrong normally & usually I am

what was understood was that you could

Burn NO more than 1BTC (0.99990000) per address.

2nd burn MUST Be from a new wallet, new address only
1 BTC per address

the other part that needs answering is the Importance
of why it's not wise to burn More than 1BTC??

Hold on, PhantomPhreak can you please clarify this? Do we need to make a new wallet for every burn, or can we simply make a new address within the same wallet?

Those instructions to create a new wallet were for using Bitcoind/Bitcoin-QT. Using counterpartyd or Blockchain.info, you only need a new address.

jimhsu

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Quote from: flayway on January 12, 2014, 03:48:47 PM

Quote from: flayway on January 12, 2014, 03:35:02 PM

How long can take before burn is complete? I just send 1btc more and I can see that in blockchain.info page that my transfer have go to 1counterpartyXXXX.... and have already 7 confirmations but i dont see that in blockscan.com page... Hope not go wrong Cheesy

11 confirmations now and cant see in blockscan. I lose that or some possibility its coming late?

Wait for blockscan to update to the latest client.

https://bitcointalksearch.org/topic/m.4470228

jimhsu

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Quote from: sixteendigits on January 12, 2014, 03:46:31 PM

Quote from: jimhsu on January 12, 2014, 01:24:14 PM

Quote from: peer2peer360 on January 12, 2014, 01:22:21 PM

Quote from: sixteendigits on January 12, 2014, 12:18:53 PM

So if I want to burn more than 1 BTC, it is ok to use the same wallet, just as long as I am making a new adderess for each BTC, correct?

I could be wrong normally & usually I am

what was understood was that you could

Burn NO more than 1BTC (0.99990000) per address.

the other part that needs answering is the Importance
of why it's not wise to burning More than 1BTC??

You can burn up to 1 BTC (that is, send 1.0001 BTC to your burn wallet to get 1 BTC + 0.0001 miner's fee)
Burning more than 1 BTC from the same address will not give you more XCP than burning just 1 BTC.

Quote from: peer2peer360 on January 12, 2014, 01:22:21 PM

Quote from: sixteendigits on January 12, 2014, 12:18:53 PM

So if I want to burn more than 1 BTC, it is ok to use the same wallet, just as long as I am making a new adderess for each BTC, correct?

I could be wrong normally & usually I am

what was understood was that you could

Burn NO more than 1BTC (0.99990000) per address.

2nd burn MUST Be from a new wallet, new address only
1 BTC per address

the other part that needs answering is the Importance
of why it's not wise to burn More than 1BTC??

Hold on, PhantomPhreak can you please clarify this? Do we need to make a new wallet for every burn, or can we simply make a new address within the same wallet?

"Wallets" in bitcoin-qt are comprised of one or multiple addresses. The terminology is confusing because some people denote an address as a wallet (and the fact that the client hides change wallets by default doesn't help). Each burn can expend a maximum of 1 BTC, per address.

flayway

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Quote from: flayway on January 12, 2014, 03:35:02 PM

How long can take before burn is complete? I just send 1btc more and I can see that in blockchain.info page that my transfer have go to 1counterpartyXXXX.... and have already 7 confirmations but i dont see that in blockscan.com page... Hope not go wrong Cheesy

11 confirmations now and cant see in blockscan. I lose that or some possibility its coming late?

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 626. (Read 1276928 times)