[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 630.

prophetx

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he who has the gold makes the rules

Quote from: btc4ever on January 11, 2014, 03:00:17 AM

A mastercoin development update was released today. It sounds like a distributed exchange is not ready yet, but is is in the works.

http://blog.mastercoin.org/2014/01/10/master-protocol-%E2%86%92-mastercoin-development-update-2/

Also I saw in another thread that there is a bounty for distributed exchange, and that good progress has been made.

So it seems that counterparty could still be first with a workable implementation, though that will depend on when bitcoin 0.9 is released.

I dunno what is going on with NXT in that regard, if anything. anyone?

hmm i should have been more clear in that update I guess.

you can do dist ex right now, but it is being limited to test mastercoins until a couple consensus issues get resolved. here is one implementation, as you can see their are transactions on mainnet http://mastercoin-explorer.com/order_books

having looked through the xcp code to me it seems the main difference is that the xcp dev (btw you code is very clear and well commented, easy to read for a noncoder like me) is using what mastercoin calls class c op_return transactions, and mastercoin does class a and class b as well, since when it was initially funded way before the pull request that led to op_return being included in 0.9. in that case the xcp code is a bit more rigid, but it allows faster development of a lot of the features in the mastercoin spec.

obviously everything is open source, so folks can borrow from one another and probably do.

rofl @ the guy trying to claim copyright on proof of burn...

panonym

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Help and Love one another ♥

Quote from: led_lcd on January 11, 2014, 06:17:22 AM

How are you guys correlating that these payments come from the same individuals?

You can spend time with https://blockchain.info/en/taint/1CounterpartyXXXXXXXXXXXXXXXUWLpVr if you want something certain.
Such as 16pefymTqo7dfMB7uHX8naco7JbptGoqDL burned at least 9 BTC, that is 100% sure.

Or if you see in the very beginning many same amount burned in a very quick time, all in the same block or (2~3 block max), then you can guess that x might have burned at least y.
As I made it clear: it's a guess.
I don't have time to lose to precisely check who burned how much.

'still waiting help for the updated software error.

led_lcd

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Activity: 262

Merit: 250

Quote from: panonym on January 11, 2014, 02:48:39 AM

It's a total guess, but by observation of the first burning I arrived at:
2 people burned 25 BTC each
many burned over 5 BTC
one may have burn between 30 & 45 BTC.
After that I stopped watching.

I would not be surprised if during the whole month devs burned 50 BTC.
Unfortunately I am very far from owning that much money Grin

How are you guys correlating that these payments come from the same individuals?

panonym

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So, ubuntu 13.10 I did that to update yet another time:

Code:

cd ~/counterpartyd_build
git pull origin master
cd ~/counterpartyd_build/dist/counterpartyd
git pull origin master

But now it isn't working anymore...

Code:

counterpartyd --log-file=-
Traceback (most recent call last):
  File "/home/user/counterpartyd_build/dist/counterpartyd/counterpartyd.py", line 22, in 
    from lib import (config, api, util, exceptions, bitcoin, blocks)
  File "/home/user/counterpartyd_build/dist/counterpartyd/lib/api.py", line 7, in 
    from werkzeug.wrappers import Request, Response
ImportError: No module named 'werkzeug'

I haven't change my counterpartyd.conf yet
Still looking like this:

Code:

[Default]
rpc-user=goodusername
rpc-password=goodpassword
rpc-connect=localhost
rpc-port=8332
#rpc-port=18832   #this is for testnest, for main net 8832 on both xcp & btc.conf

Should I edit it with the following?

Code:

[Default]
bitcoind-rpc-user=goodusernamesamebitcoin.conf
bitcoind-rpc-password=goodpasswordsamebitcoin.conf
bitcoind-rpc-connect=localhost
bitcoind-rpc-port=8332
#bitcoind-rpc-port=18832   #this is for testnest, for main net 8832 on both xcp & btc.conf
rpc-user=differentusername-only4xcp
rpc-password=differentpassword-only4xcp

edit:
I eddited my counterpartyd.conf with what's up.
Still the same problem. Nothing working.
Oh and shouldn't

Code:

counterpartyd --log-file=-

be

Code:

counterpartyd --log-file='/home/user/.config/counterpartyd/counterpartyd.log'

? so at least the log is kept somewhere...

wizzardTim

legendary

Activity: 1708

Merit: 1000

Reality is stranger than fiction

So, provided that the counterpartyd.conf has changed to include:

bitcoind-rpc-connect=
bitcoind-rpc-port=
bitcoind-rpc-user=
bitcoind-rpc-password=
rpc-user=
rpc-password=

instead of

rpc-connect=
rpc-port=
rpc-user=
rpc-password=

Should I download any new installer for windows? Or do something manually?

btc4ever

sr. member

Activity: 321

Merit: 250

Well I take it as a very good sign that the devs believe in it that much.

Quote from: panonym on January 11, 2014, 02:48:39 AM

It's a total guess, but by observation of the first burning I arrived at:
2 people burned 25 BTC each
many burned over 5 BTC
one may have burn between 30 & 45 BTC.
After that I stopped watching.

I would not be surprised if during the whole month devs burned 50 BTC.
Unfortunately I am very far from owning that much money Grin

btc4ever

sr. member

Activity: 321

Merit: 250

A mastercoin development update was released today. It sounds like a distributed exchange is not ready yet, but is is in the works.

http://blog.mastercoin.org/2014/01/10/master-protocol-%E2%86%92-mastercoin-development-update-2/

Also I saw in another thread that there is a bounty for distributed exchange, and that good progress has been made.

So it seems that counterparty could still be first with a workable implementation, though that will depend on when bitcoin 0.9 is released.

I dunno what is going on with NXT in that regard, if anything. anyone?

panonym

sr. member

Activity: 266

Merit: 250

Help and Love one another ♥

It's a total guess, but by observation of the first burning I arrived at:
2 people burned 25 BTC each
many burned over 5 BTC
one may have burn between 30 & 45 BTC.
After that I stopped watching.

I would not be surprised if during the whole month devs burned 50 BTC.
Unfortunately I am very far from owning that much money Grin

mtbitcoin

legendary

Activity: 876

Merit: 1000

Etherscan.io

Quote from: jimhsu on January 10, 2014, 11:14:08 PM

It's pretty obvious from a cursory glance that the devs have at least 4 BTC invested in this project, if not more. Also, they do have a donation address if you feel inclined to contribute to bounties...

If I had to take a guess, I would say more like close to at least 20 BTC invested Wink

BitThink

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Activity: 882

Merit: 1000

Each MSC transaction will send a dust of BTC (usually around 0.00006) to exodus address as the flag of MSC transaction, plus 0.00006 to an unspendable address(encoding all the information) and 0.00006 to the recipient address.

panonym

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Quote from: BldSwtTrs on January 10, 2014, 04:48:59 PM

Btw what became bitcoins sent for mastercoin funding ?

All in the pocket of the dev. Including what they sent to themselves to get MSC share.
Oh, + 10% of all MSC created on top of that as "devMSC" to fund development and bounties I guess.
(like the previous 100% wasn't enough...)
And there is a rumour: a part of every single MSC transaction is going to the exodus address (to the dev pocket, again). I haven't verified this 3rd statement.
The first two are way enough to keep me at good distance.

And what do I read: copyright O.o?
Are you serious guys?
Like someone is gonna respect it...

Quote from: btc4ever on January 10, 2014, 10:19:30 PM

mastercoin also claims to have a distributed exchange.
Has anyone here used it? How is it similar / different to the exchange in counteryparty?

No idea.
Last time I checked it was pure vaporware, words.
XCP seem to be the first one with something other than words.

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: plasm on January 10, 2014, 11:23:24 PM

Quote from: allwelder on January 10, 2014, 09:09:29 PM

Quote from: plasm on January 10, 2014, 09:28:37 AM

@PhantomPhreak

Hello,when I saw your XCP,I was surprised to find that it's characterized is very similar to my previous thoughts.
This is my postings at December 26.
https://bitcointalksearch.org/topic/m.4154105
Maybe a coincidence?

should be coincidence .

We don't know whether it was a coincidence.I am considering the issue of copyright.

Search "proof by burn" and you will see if it has a copyright, it does not belong to you.

jimhsu

sr. member

Activity: 364

Merit: 264

Quote from: BitThink on January 10, 2014, 11:28:30 PM

Quote from: allwelder on January 10, 2014, 09:09:29 PM

Quote from: plasm on January 10, 2014, 09:28:37 AM

@PhantomPhreak

Hello,when I saw your XCP,I was surprised to find that it's characterized is very similar to my previous thoughts.
This is my postings at December 26.
https://bitcointalksearch.org/topic/m.4154105
Maybe a coincidence?

should be coincidence .

Yes, proof of burn was proposed long before last December. The value of this project is not just the proof by burn, but also the workable exchange and open source.

At least 2012, if not before: https://bitcointalksearch.org/topic/proof-of-burn-a-potential-alternative-to-proof-of-work-and-proof-of-stake-131139

Side note: note the number of hero members with high activity discussing the topic.

~~In particular XCP was inspired by Sergio's proposal of a PoBet scheme. (Phantom, xnova, can you confirm?)~~ Actually it's quite different, NVM.

However, the prospect of greed has left PoB implementations to take a back seat to more ... ahem traditional methods of funding.

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: allwelder on January 10, 2014, 09:09:29 PM

Quote from: plasm on January 10, 2014, 09:28:37 AM

@PhantomPhreak

Hello,when I saw your XCP,I was surprised to find that it's characterized is very similar to my previous thoughts.
This is my postings at December 26.
https://bitcointalksearch.org/topic/m.4154105
Maybe a coincidence?

should be coincidence .

Yes, proof of burn was proposed long before last December. The value of this project is not just the proof by burn, but also the workable exchange and open source.

plasm

sr. member

Activity: 325

Merit: 250

Quote from: allwelder on January 10, 2014, 09:09:29 PM

Quote from: plasm on January 10, 2014, 09:28:37 AM

@PhantomPhreak

Hello,when I saw your XCP,I was surprised to find that it's characterized is very similar to my previous thoughts.
This is my postings at December 26.
https://bitcointalksearch.org/topic/m.4154105
Maybe a coincidence?

should be coincidence .

We don't know whether it was a coincidence.I am considering the issue of copyright.

jimhsu

sr. member

Activity: 364

Merit: 264

Quote from: kdrop22 on January 10, 2014, 10:53:48 PM

Quote from: peled1986 on January 10, 2014, 07:16:52 PM

PhantomPhreak don't you think its important to have "reward XCP" to be able to pay developers?

for example in the case of MSC: 10% of the total 619478 MSC are "reward mastercoins" granted to the MasterCoin foundation over the years following launch. The formula for percent vested is: 1-(0.5^y) where y is the number of years since launch, including partial years.

Thanks PhantomPhreak, xnova for developing this coin in your own time and rendering this service to the community. However, I think we should also have some portion of coins allocated to future development bounties (e.g., 2% per year), with community based voting of project allocation and control of funds etc... This will ensure that the product stays fresh and we are not limited by any sort of resource or time constraints.
2% is a small price to pay for the assurance that the project will be well funded and stay updated with time.

It's pretty obvious from a cursory glance that the devs have at least 4 BTC invested in this project, if not more. Also, they do have a donation address if you feel inclined to contribute to bounties...

SyRenity

hero member

Activity: 756

Merit: 502

Quote from: PhantomPhreak on January 10, 2014, 09:53:48 PM

Quote from: SyRenity on January 10, 2014, 09:35:11 PM

Hi,

Is there any solid guide how to send some funds, without risking loosing them?

Btw, is BitcoinQT the only way to burn, any plans for a web-wallet support?

Thanks

.

You can send funds using counterpartyd only on testnet, until Bitcoin 0.9 comes out.

You cannot (easily) burn safely with BitcoinQT.

A web-wallet is certainly something that we might work on in the near future.

I think I already figured it out reading the counterpartyd manual, so basically I point BitcoinQT to counterpartyd and pass the transaction through it?

kdrop22

full member

Activity: 238

Merit: 100

Quote from: peled1986 on January 10, 2014, 07:16:52 PM

PhantomPhreak don't you think its important to have "reward XCP" to be able to pay developers?

for example in the case of MSC: 10% of the total 619478 MSC are "reward mastercoins" granted to the MasterCoin foundation over the years following launch. The formula for percent vested is: 1-(0.5^y) where y is the number of years since launch, including partial years.

Thanks PhantomPhreak, xnova for developing this coin in your own time and rendering this service to the community. However, I think we should also have some portion of coins allocated to future development bounties (e.g., 2% per year), with community based voting of project allocation and control of funds etc... This will ensure that the product stays fresh and we are not limited by any sort of resource or time constraints.
2% is a small price to pay for the assurance that the project will be well funded and stay updated with time.

btc4ever

sr. member

Activity: 321

Merit: 250

Has anyone created a mastercoin / nxt / counterparty comparison matrix?

I think that would be a helpful thing for investors.

One thing I'm not clear on, mastercoin also claims to have a distributed exchange. Has anyone here used it? How is it similar / different to the exchange in counteryparty?

PhantomPhreak

sr. member

Activity: 476

Merit: 300

Counterparty Chief Scientist and Co-Founder

Quote from: SyRenity on January 10, 2014, 09:35:11 PM

Hi,

Is there any solid guide how to send some funds, without risking loosing them?

Btw, is BitcoinQT the only way to burn, any plans for a web-wallet support?

Thanks

.

You can send funds using counterpartyd only on testnet, until Bitcoin 0.9 comes out.

You cannot (easily) burn safely with BitcoinQT.

A web-wallet is certainly something that we might work on in the near future.

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 630. (Read 1276928 times)