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Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 638. (Read 1276796 times)

legendary
Activity: 882
Merit: 1000
2FA needs a central server, so I don't know how it can be implemented in a decentralized system.
sr. member
Activity: 266
Merit: 250
Help and Love one another ♥
Is the bitcoin wallet the only thing that needs to be backed up?  Does counterparty have its own wallet or other data that requires a backup?
Yes.
BTC privkey or wallet.dat containing it is what give you access to your XCP.

Also, if I encrypt my Bitcoin-QT wallet. Will 'counterpartyd' still be able to work with it.
Yes of course. For example you are able to use this at any time to check your ballance, or someone else
Code:
counterpartyd wallet
counterpartyd address pubkey
But if you wish to burn, and certainly send, you need to unlock your BTC wallet before.
Like that to unlock for 120sec:
Code:
 (space)bitcoind walletpassphrase yourpassphrase 120
  bitcoind walletlock
Don't forget the space, otherwise history of your pwd in clear is kept.

It would be awesome if the dev are able one day to add 2FA-GA for XCP transaction.
That would make this project top 1 on security level.

Noticed: 80 BTC burned is less than 24h. Reached 230 in 5 days.
We probably gonna break the 1000 BTC / 1'000'000$.
newbie
Activity: 56
Merit: 0
Very interesting project. You mentioned the possibility of using the Counterparty Protocol with other cryptocurrency blockchains. If this happens, will XCP created by burning BTC be directly useable on other blockchains besides the Bitcoin blockchain, or will it always be married to Bitcoin?

Also, I love the idea of a 100% PoB system with a blockchain supported entirely by PoB. The PoB white paper that I read a while ago proposed such a system, if I remember correctly. Any thought of developing XCP into such a complete self-supporting system? It seems to me that with recent advances in PoS and now PoB, the only thing PoW has going for it is that it happens to be the method that Bitcoin (unfortunately) uses.
legendary
Activity: 882
Merit: 1000
I think the protocol in https://github.com/PhantomPhreak/Counterparty needs to be updated (still saying burning to miner fee there). Especially, it's helpful to explicitly finalized what's the requirement of burning. Then third-party block explorer could be done to help people to show their XCP balance.

For example, It is said "Burn messages have precisely the string ‘ProofOfBurn’ stored in the OP_RETURN output." there, but as you have already clarified that OP_RETURN is not necessary in burning, and I believe all coins burnt in blockchain.info wallet has no OP_RETURN.
NWO
sr. member
Activity: 392
Merit: 250
Sending (or any form of use) will come with the OP_RETURN feature that is almost guaranteed to come in Bitcoin 0.9. Even if OP_RETURN is not implemented, the burn record remains forever, allowing an alternative implementation to be designed. At least that's what I gather.

Do you know when that will be release? Could you kindly check 1HGuoV6CUaqCm8CkWRGffxsp6ABYJK9YDR again. I'll have to get this client  Tongue

+-------+---------------+
| Asset |     Amount    |
+-------+---------------+
|  BTC  |      Huh      |
|  XCP  | 1144.93630909 |
+-------+---------------+

No idea, ask in the main bitcoin forums (do people go there anymore?)

Niice, thank you! Haha i'll ask around Wink
sr. member
Activity: 364
Merit: 264
Sending (or any form of use) will come with the OP_RETURN feature that is almost guaranteed to come in Bitcoin 0.9. Even if OP_RETURN is not implemented, the burn record remains forever, allowing an alternative implementation to be designed. At least that's what I gather.

Do you know when that will be release? Could you kindly check 1HGuoV6CUaqCm8CkWRGffxsp6ABYJK9YDR again. I'll have to get this client  Tongue

+-------+---------------+
| Asset |     Amount    |
+-------+---------------+
|  BTC  |      Huh      |
|  XCP  | 1144.93630909 |
+-------+---------------+

No idea, ask in the main bitcoin forums (do people go there anymore?)
NWO
sr. member
Activity: 392
Merit: 250
sr. member
Activity: 321
Merit: 250
Quote
$ ./counterpartyd.py -v --rpc-password=$BTCPASS server
Traceback (most recent call last):
  File "./counterpartyd.py", line 21, in
    from lib import (config, api, util, exceptions, bitcoin, blocks)
  File "/home/counterpartycoin/counterpartyd/lib/api.py", line 7, in
    from werkzeug.wrappers import Request, Response
  File "/usr/local/lib/python3.2/dist-packages/werkzeug/__init__.py", line 154, in
    __import__('werkzeug.exceptions')
  File "/usr/local/lib/python3.2/dist-packages/werkzeug/exceptions.py", line 111
    return u'

%s

' % escape(self.description)
                      ^
SyntaxError: invalid syntax

works fine if I checkout commit a75806b1e54bfc9e128b3fd6245175c9a8d495ac.  The next commit and later fail per above.  Looks like it was this one that breaks:

Quote
commit bd2802eeac860926c3ca4b17af50f5a653a65d84
Author: PhantomPhreak <[email protected]>
Date:   Mon Jan 6 17:14:04 2014 -0500

    read‐only JSON‐RPC API

Note that I initially got an error about missing module werkzeug, so I installed it via pip-3.2 install werkzeug.   Then I started getting this error.

NWO
sr. member
Activity: 392
Merit: 250
Sending (or any form of use) will come with the OP_RETURN feature that is almost guaranteed to come in Bitcoin 0.9. Even if OP_RETURN is not implemented, the burn record remains forever, allowing an alternative implementation to be designed. At least that's what I gather.

Do you know when that will be release? Could you kindly check 1HGuoV6CUaqCm8CkWRGffxsp6ABYJK9YDR again. I'll have to get this client  Tongue
sr. member
Activity: 364
Merit: 264
Sending (or any form of use) will come with the OP_RETURN feature that is almost guaranteed to come in Bitcoin 0.9. Even if OP_RETURN is not implemented, the burn record remains forever, allowing an alternative implementation to be designed. At least that's what I gather.
NWO
sr. member
Activity: 392
Merit: 250
Okay, I burned some spare change. Where do I see my XCP? Could someone please help  Huh

https://blockchain.info/tx/9a0a7b95604e84fd670f5332e2a0dbe11c0b95aa7958172756f2885f00408522

Looks like you've got some:

C:\Program Files\counterpartyd>counterpartyd address 1HGuoV6CUaqCm8CkWRGffxsp6ABYJK9YDR

Balances
+-------+--------------+
| Asset |    Amount    |
+-------+--------------+
|  BTC  |     Huh      |
|  XCP  | 143.09312727 |
+-------+--------------+


So I need to download the actual client to see my XCP?

For now I guess. I presume some sort of block explorer is coming (if I knew more python, I'd try coding one myself).

PS For the record, we're at a market cap of over $200K right now. NXT launched with 1/10th of that. Not a direct comparison, because Nxt is not PoB.

Cheers! I'm guessing there currently isn't a way to send these to people? I burned through blockchain.info. This is a much greater distribution technique than Nxt.
sr. member
Activity: 364
Merit: 264
Okay, I burned some spare change. Where do I see my XCP? Could someone please help  Huh

https://blockchain.info/tx/9a0a7b95604e84fd670f5332e2a0dbe11c0b95aa7958172756f2885f00408522

Looks like you've got some:

C:\Program Files\counterpartyd>counterpartyd address 1HGuoV6CUaqCm8CkWRGffxsp6ABYJK9YDR

Balances
+-------+--------------+
| Asset |    Amount    |
+-------+--------------+
|  BTC  |     Huh      |
|  XCP  | 143.09312727 |
+-------+--------------+


So I need to download the actual client to see my XCP?

For now I guess. I presume some sort of block explorer is coming (if I knew more python, I'd try coding one myself).

PS For the record, we're at a market cap of over $200K right now. NXT launched with 1/10th of that. Not a direct comparison, because Nxt is not PoB.
NWO
sr. member
Activity: 392
Merit: 250
Okay, I burned some spare change. Where do I see my XCP? Could someone please help  Huh

https://blockchain.info/tx/9a0a7b95604e84fd670f5332e2a0dbe11c0b95aa7958172756f2885f00408522

Looks like you've got some:

C:\Program Files\counterpartyd>counterpartyd address 1HGuoV6CUaqCm8CkWRGffxsp6ABYJK9YDR

Balances
+-------+--------------+
| Asset |    Amount    |
+-------+--------------+
|  BTC  |     Huh      |
|  XCP  | 143.09312727 |
+-------+--------------+


So I need to download the actual client to see my XCP?
sr. member
Activity: 364
Merit: 264
Okay, I burned some spare change. Where do I see my XCP? Could someone please help  ???

https://blockchain.info/tx/9a0a7b95604e84fd670f5332e2a0dbe11c0b95aa7958172756f2885f00408522

Looks like you've got some:

C:\Program Files\counterpartyd>counterpartyd address 1HGuoV6CUaqCm8CkWRGffxsp6ABYJK9YDR

Balances
+-------+--------------+
| Asset |    Amount    |
+-------+--------------+
|  BTC  |     ???      |
|  XCP  | 143.09312727 |
+-------+--------------+
NWO
sr. member
Activity: 392
Merit: 250
Okay, I burned some spare change. Where do I see my XCP? Could someone please help  Huh

https://blockchain.info/tx/9a0a7b95604e84fd670f5332e2a0dbe11c0b95aa7958172756f2885f00408522
legendary
Activity: 1232
Merit: 1001
Another bug report

Quote
Traceback (most recent call last):
  File "./counterpartyd.py", line 465, in
    deadline = round(datetime.timestamp(dateutil.parser.parse(args.deadline)))
AttributeError: type object 'datetime.datetime' has no attribute 'timestamp'
hero member
Activity: 655
Merit: 500

I've burnt my bitcoin using blockchain.info. Is it possible to see how many XCP I will get without running the counterparty software on my local PC?

Is there a rough figure per bitcoin? Is there some type of early bird bonus? I'm cool if there isn't, just trying to decide if I should burn more today, or can I wait until later without any penalty?

cheers

If you post or PM the address you burnt from, one of us which has counterpartyd running can check for you. I'd be happy to check if you'd like.

PM sent, thanks Smiley

Thanks led_lcd! I can confirm that using a blockchain.info wallet to burn the bitcoin works perfectly!

Follow the instructions on this page. http://counterpartyd-build.readthedocs.org/en/latest/HowToBurn.html#without-using-counterpartyd
full member
Activity: 238
Merit: 100
Is the bitcoin wallet the only thing that needs to be backed up?  Does counterparty have its own wallet or other data that requires a backup?

+1.

Also, if I encrypt my Bitcoin-QT wallet. Will 'counterpartyd' still be able to work with it.
legendary
Activity: 1232
Merit: 1001
Is the bitcoin wallet the only thing that needs to be backed up?  Does counterparty have its own wallet or other data that requires a backup?
sr. member
Activity: 476
Merit: 300
Counterparty Chief Scientist and Co-Founder
I am kind of lost. I thought by burning BTC we just send to the unspendable address as described in the tutorial here: http://counterpartyd-build.readthedocs.org/en/latest/HowToBurn.html

I hasn't seen OP_RETURN is used in this method. Does that mean the tutorial there has been obsoleted, or there's a new method using OP_RETURN?

OP_RETURN isn't necessary (only) for burns, and indeed it's unsupported on mainnet until Bitcoind 0.9 comes out. The tutorial is up-to-date.
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