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Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 71. (Read 1276936 times)

legendary
Activity: 882
Merit: 1000
I am not criticizing the devs. They have their rights to do more profitable things and they are also under the pressure of their angel investors now. I am just expressing my own frustration and warn others that Symboint investors spend money not for counterparty but only for private ledgers for banks.

So what? They said their software can be connected to Counterparty and is all part of the tech stack. Private ledgers are great for making money, and many vastly successful  Linux distributions use exactly the same business model. You are warning others that Symbiont isn't spending money on Counterparty... but all their activity and statements suggest that they are. Where's your evidence?

Also, smart contracts are waiting on Ethereum to have a stable release, then they will be ported. Stability and performance updates are happening regularly (see last week for example). This 'delay' has nothing to do with XCP devs. It's a strategic decision. And you realize that all of the core devs of Counterparty are still working on it?  

And XCP is open source, so anyone is free to contribute code. You don't need to wait for investors or devs.
Do you mean we can enable smart contract  in mainnet by ourselves without permission of core dev?

Yes. You can make a fork, and if people prefer to use that one, then it will be the main fork regardless of the devs. But if you manage to implement that, it makes sense that the devs will simply add your code to the official repo.

But keep in mind that the limitation on smart contracts is waiting for Ethereum to finish them, so that there aren't any consensus issues later. This is all extremely security critical code, which makes it even more challenging. Counterparty regularly has formal security audits, bug bounties, and a high standard for security. If you can ensure that you retain consensus with Ethereum, and create production ready code which stands up to the security parameters, then I'm sure the dev team will consider it. You can have smart contracts in the next 24 hours, if you happen to be some form of rainman savant.

Yes exactly. The reason it has not been enabled is just lacking a man doing things you listed above. Now you know what I mean.

No need to argue anymore. No one really knows what happened except themselves. If they really care about the future of counterparty, they should hand over the control to someone have enough time and energy and become sponsor instead of a part time core dev.

Lol. You're missing one of his points, which is that they still work on it.... more than anyone. But yeah, go find someone that wants to donate their time and work on Counterparty for free and I'm sure they'll be recognized for their efforts.
Yes I know what you mean. This is not a normal open source project people working just for fun and recognization. after the initial distribution, the new comers can only work hard to make someone else millionaire. If someone really want to do something, they'd better develop something new so that they can have larger share and also better recognization. That's the largest challenge here.
hero member
Activity: 647
Merit: 510
Counterpartying
I am not criticizing the devs. They have their rights to do more profitable things and they are also under the pressure of their angel investors now. I am just expressing my own frustration and warn others that Symboint investors spend money not for counterparty but only for private ledgers for banks.

So what? They said their software can be connected to Counterparty and is all part of the tech stack. Private ledgers are great for making money, and many vastly successful  Linux distributions use exactly the same business model. You are warning others that Symbiont isn't spending money on Counterparty... but all their activity and statements suggest that they are. Where's your evidence?

Also, smart contracts are waiting on Ethereum to have a stable release, then they will be ported. Stability and performance updates are happening regularly (see last week for example). This 'delay' has nothing to do with XCP devs. It's a strategic decision. And you realize that all of the core devs of Counterparty are still working on it?  

And XCP is open source, so anyone is free to contribute code. You don't need to wait for investors or devs.
Do you mean we can enable smart contract  in mainnet by ourselves without permission of core dev?

Yes. You can make a fork, and if people prefer to use that one, then it will be the main fork regardless of the devs. But if you manage to implement that, it makes sense that the devs will simply add your code to the official repo.

But keep in mind that the limitation on smart contracts is waiting for Ethereum to finish them, so that there aren't any consensus issues later. This is all extremely security critical code, which makes it even more challenging. Counterparty regularly has formal security audits, bug bounties, and a high standard for security. If you can ensure that you retain consensus with Ethereum, and create production ready code which stands up to the security parameters, then I'm sure the dev team will consider it. You can have smart contracts in the next 24 hours, if you happen to be some form of rainman savant.

Yes exactly. The reason it has not been enabled is just lacking a man doing things you listed above. Now you know what I mean.

No need to argue anymore. No one really knows what happened except themselves. If they really care about the future of counterparty, they should hand over the control to someone have enough time and energy and become sponsor instead of a part time core dev.

Lol. You're missing one of his points, which is that they still work on it.... more than anyone. But yeah, go find someone that wants to donate their time and work on Counterparty for free and I'm sure they'll be recognized for their efforts.
legendary
Activity: 882
Merit: 1000
I am not criticizing the devs. They have their rights to do more profitable things and they are also under the pressure of their angel investors now. I am just expressing my own frustration and warn others that Symboint investors spend money not for counterparty but only for private ledgers for banks.

So what? They said their software can be connected to Counterparty and is all part of the tech stack. Private ledgers are great for making money, and many vastly successful  Linux distributions use exactly the same business model. You are warning others that Symbiont isn't spending money on Counterparty... but all their activity and statements suggest that they are. Where's your evidence?

Also, smart contracts are waiting on Ethereum to have a stable release, then they will be ported. Stability and performance updates are happening regularly (see last week for example). This 'delay' has nothing to do with XCP devs. It's a strategic decision. And you realize that all of the core devs of Counterparty are still working on it?  

And XCP is open source, so anyone is free to contribute code. You don't need to wait for investors or devs.
Do you mean we can enable smart contract  in mainnet by ourselves without permission of core dev?

Yes. You can make a fork, and if people prefer to use that one, then it will be the main fork regardless of the devs. But if you manage to implement that, it makes sense that the devs will simply add your code to the official repo.

But keep in mind that the limitation on smart contracts is waiting for Ethereum to finish them, so that there aren't any consensus issues later. This is all extremely security critical code, which makes it even more challenging. Counterparty regularly has formal security audits, bug bounties, and a high standard for security. If you can ensure that you retain consensus with Ethereum, and create production ready code which stands up to the security parameters, then I'm sure the dev team will consider it. You can have smart contracts in the next 24 hours, if you happen to be some form of rainman savant.

Yes exactly. The reason it has not been enabled is just lacking a man doing things you listed above. Now you know what I mean.

No need to argue anymore. No one really knows what happened except themselves. My personal opinion is that  If they really care about the future of counterparty, they'd better hand over the control to someone having enough time and energy and then become a sponsor instead of a part time core dev.
legendary
Activity: 1372
Merit: 1000
Is there any way to refresh asset balances in Counterwallet without logging out/in?
hero member
Activity: 647
Merit: 510
Counterpartying
Has anyone heard that Swarm switched from Counterparty to Colu?

Yeah. The project is a disaster.
legendary
Activity: 1372
Merit: 1000
Has anyone heard that Swarm switched from Counterparty to Colu?
sr. member
Activity: 432
Merit: 250
I am not criticizing the devs. They have their rights to do more profitable things and they are also under the pressure of their angel investors now. I am just expressing my own frustration and warn others that Symboint investors spend money not for counterparty but only for private ledgers for banks.

So what? They said their software can be connected to Counterparty and is all part of the tech stack. Private ledgers are great for making money, and many vastly successful  Linux distributions use exactly the same business model. You are warning others that Symbiont isn't spending money on Counterparty... but all their activity and statements suggest that they are. Where's your evidence?

Also, smart contracts are waiting on Ethereum to have a stable release, then they will be ported. Stability and performance updates are happening regularly (see last week for example). This 'delay' has nothing to do with XCP devs. It's a strategic decision. And you realize that all of the core devs of Counterparty are still working on it?  

And XCP is open source, so anyone is free to contribute code. You don't need to wait for investors or devs.
Do you mean we can enable smart contract  in mainnet by ourselves without permission of core dev?

Yes. You can make a fork, and if people prefer to use that one, then it will be the main fork regardless of the devs. But if you manage to implement that, it makes sense that the devs will simply add your code to the official repo.

But keep in mind that the limitation on smart contracts is waiting for Ethereum to finish them, so that there aren't any consensus issues later. This is all extremely security critical code, which makes it even more challenging. Counterparty regularly has formal security audits, bug bounties, and a high standard for security. If you can ensure that you retain consensus with Ethereum, and create production ready code which stands up to the security parameters, then I'm sure the dev team will consider it. You can have smart contracts in the next 24 hours, if you happen to be some form of rainman savant.
legendary
Activity: 882
Merit: 1000
I am not criticizing the devs. They have their rights to do more profitable things and they are also under the pressure of their angel investors now. I am just expressing my own frustration and warn others that Symboint investors spend money not for counterparty but only for private ledgers for banks.

So what? They said their software can be connected to Counterparty and is all part of the tech stack. Private ledgers are great for making money, and many vastly successful  Linux distributions use exactly the same business model. You are warning others that Symbiont isn't spending money on Counterparty... but all their activity and statements suggest that they are. Where's your evidence?

Also, smart contracts are waiting on Ethereum to have a stable release, then they will be ported. Stability and performance updates are happening regularly (see last week for example). This 'delay' has nothing to do with XCP devs. It's a strategic decision. And you realize that all of the core devs of Counterparty are still working on it?  

And XCP is open source, so anyone is free to contribute code. You don't need to wait for investors or devs.
Do you mean we can enable smart contract  in mainnet by ourselves without permission of core dev?
sr. member
Activity: 432
Merit: 250
I am not criticizing the devs. They have their rights to do more profitable things and they are also under the pressure of their angel investors now. I am just expressing my own frustration and warn others that Symboint investors spend money not for counterparty but only for private ledgers for banks.

So what? They said their software can be connected to Counterparty and is all part of the tech stack. Private ledgers are great for making money, and many vastly successful  Linux distributions use exactly the same business model. You are warning others that Symbiont isn't spending money on Counterparty... but all their activity and statements suggest that they are. Where's your evidence?

Also, smart contracts are waiting on Ethereum to have a stable release, then they will be ported. Stability and performance updates are happening regularly (see last week for example). This 'delay' has nothing to do with XCP devs. It's a strategic decision. And you realize that all of the core devs of Counterparty are still working on it?  

And XCP is open source, so anyone is free to contribute code. You don't need to wait for investors or devs.
legendary
Activity: 882
Merit: 1000
If Counterparty team keeps the current pace, I think it will be overtaken sooner or later.

Since the current pace is nearly a standstill, I would have to agree.

The devs work on a private repo, and there are regular updates on the public repo as well. The illusion of a slow pace is because the devs don't promise anything in advance, they deliver code regularly and that's what gets real, tangible results.

If they wanted to pump they could advance flashy buzzwords 12 months before any code exists, and write 4 page blog posts about theory. Remember, Counterparty simply showed up. There was no 12 month announcement and e-mail list building. The code showed up, posted by anonymous devs. XCP seems strange among other Bitcoin projects for this reason, because it's about results much like the work of Satoshi.

Having some experience with dev teams, I much prefer those that code and network with known Wall Street players and finance giants instead of create theatrics to appease a small user-base. But maybe that's just me.

Since Symbiont is funding Counterparty and says it's a 'core aspect' of their toolkit, I doubt it's 'nearing a standstill'.

At first, I don't understand why they put most efforts on a private repo of an open source project. Then I realized most likely private repos are for private ledges. Certainly they cannot make it public.

I am not criticizing the devs. They have their rights to do more profitable things and they are also under the pressure of their angel investors now. I am just expressing my own frustration and warn others that Symboint investors spend money not for counterparty but only for private ledgers for banks.
full member
Activity: 219
Merit: 102
Have there been any information about when this magic smart contracts will coming to main net? Have that test in testnet? Not really have follow much of project last times, but have buy much more XCP and still holding all orginal burns.
hero member
Activity: 700
Merit: 500
★ IT's Party Time! ★
If Counterparty team keeps the current pace, I think it will be overtaken sooner or later.

Since the current pace is nearly a standstill, I would have to agree.

The devs work on a private repo, and there are regular updates on the public repo as well. The illusion of a slow pace is because the devs don't promise anything in advance, they deliver code regularly and that's what gets real, tangible results.

If they wanted to pump they could advance flashy buzzwords 12 months before any code exists, and write 4 page blog posts about theory. Remember, Counterparty simply showed up. There was no 12 month announcement and e-mail list building. The code showed up, posted by anonymous devs. XCP seems strange among other Bitcoin projects for this reason, because it's about results much like the work of Satoshi.

Having some experience with dev teams, I much prefer those that code and network with known Wall Street players and finance giants instead of create theatrics to appease a small user-base. But maybe that's just me.

Since Symbiont is funding Counterparty and says it's a 'core aspect' of their toolkit, I doubt it's 'nearing a standstill'.

You're the only person having a correct understanding of what is happening.
legendary
Activity: 1372
Merit: 1000
Since Symbiont is funding Counterparty and says it's a 'core aspect' of their toolkit, I doubt it's 'nearing a standstill'.

Hard to say.  And that's the "problem".  Not a problem for Symbiont but a problem for XCP investors.  The recent price action is obviously a reflection of the lack of communication from Symbiont regarding Counterparty.
sr. member
Activity: 432
Merit: 250
If Counterparty team keeps the current pace, I think it will be overtaken sooner or later.

Since the current pace is nearly a standstill, I would have to agree.

The devs work on a private repo, and there are regular updates on the public repo as well. The illusion of a slow pace is because the devs don't promise anything in advance, they deliver code regularly and that's what gets real, tangible results.

If they wanted to pump they could advance flashy buzzwords 12 months before any code exists, and write 4 page blog posts about theory. Remember, Counterparty simply showed up. There was no 12 month announcement and e-mail list building. The code showed up, posted by anonymous devs. XCP seems strange among other Bitcoin projects for this reason, because it's about results much like the work of Satoshi.

Having some experience with dev teams, I much prefer those that code and network with known Wall Street players and finance giants instead of create theatrics to appease a small user-base. But maybe that's just me.

Since Symbiont is funding Counterparty and says it's a 'core aspect' of their toolkit, I doubt it's 'nearing a standstill'.
hero member
Activity: 647
Merit: 510
Counterpartying
rootstock.io   (Port ETH VM to a BTC pegged sidechain)

If Counterparty team keeps the current pace, I think it will be overtaken sooner or later.

They have nothing except a landing page as far as I can tell.
legendary
Activity: 1372
Merit: 1000
If Counterparty team keeps the current pace, I think it will be overtaken sooner or later.

Since the current pace is nearly a standstill, I would have to agree.
sr. member
Activity: 432
Merit: 250
rootstock.io   (Port ETH VM to a BTC pegged sidechain)

If Counterparty team keeps the current pace, I think it will be overtaken sooner or later.

So they have a landing page... and are proclaiming to port an unfinished engine onto a theoretical concept. Is anyone supposed to be impressed by this?


They said a white paper will be published in couple of weeks. I am waiting to see how they plan to solve the side chain support and security problem. In case the plan is reasonable, a token with fixed exchange rate with BTC and can be instantly converted to Bitcoin could be much more attractive than introducing a new coin, such as ETH and XCP.

"We will publish a short story about how it could theoretically work, maybe. In a few weeks..."

Sigh. Enthusiasm is no substitute for code.
legendary
Activity: 882
Merit: 1000
rootstock.io   (Port ETH VM to a BTC pegged sidechain)

If Counterparty team keeps the current pace, I think it will be overtaken sooner or later.

So they have a landing page... and are proclaiming to port an unfinished engine onto a theoretical concept. Is anyone supposed to be impressed by this?


They said a white paper will be published in couple of weeks. I am waiting to see how they plan to solve the side chain support and security problem. In case the plan is reasonable, a token with fixed exchange rate with BTC and can be instantly converted to Bitcoin could be much more attractive than introducing a new coin, such as ETH and XCP.
sr. member
Activity: 432
Merit: 250
rootstock.io   (Port ETH VM to a BTC pegged sidechain)

If Counterparty team keeps the current pace, I think it will be overtaken sooner or later.

So they have a landing page... and are proclaiming to port an unfinished engine onto a theoretical concept. Is anyone supposed to be impressed by this?

legendary
Activity: 882
Merit: 1000
rootstock.io   (Port ETH VM to a BTC pegged sidechain)

If Counterparty team keeps the current pace, I think it will be overtaken sooner or later.
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