Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 73. (Read 1276786 times)

Regular updates about the Counterparty ecosystem can be found here by anyone who's interested: http://counterparty.io/news/

Where to find some info about the XCP ecosystem?

I think the XCP project may be too quiet in the crypto community.

Is there a Counterparty slack channel?

Hey all!

We had some development updates this week that you might be interested in. More info here http://counterparty.io/news/counterparty-community-update-sep-19/

We'd like like to announce our new project that utilizes Counterparty:


Kindcoin is a Social Proof of Work Coin. You 'mine' kindcoins by supporting great causes.

With a Counterwallet you can easily spend, store, trade or transfer Kindcoins to other people.

In addition we have built a platform called Kindshack.com where you'll be able to spend your Kindcoins by bidding on pretty great rewards.

We're launching in the next few days - check out Kindco.in for updates!

Counterparty buy and sell orders have looking really big and stable in this stage long time already. Some pump and dump sometimes like every other coins also have.

What real projects are running over Counterparty? Can I find any list of projects over Counterparty? Not only sell/buy assets something what really are using some Counterparty technology.

I read Ethereum smart contracts are in testnet with Counterparty, where I can follow how this testing have go forward in last months?

Are there XCPusd or something similiar like Tether in Mastercoin?

ShapeShift has added a buy/sell feature to the real time market data website CoinCap.io! You can now buy or sell Counterparty XCP straight from the market data website. Learn more about this here: http://bit.ly/1UVFZ7m

With the low liquidity, you cannot buy much without pushing the price high. Unless you buy them offline.

What do any long term holders from launch or close think about buying now. Lowest market cap ever atm... Ive watched for a while and considered buying in before anyone have 'real' analysis? 

Great op-ed to emphasize the previous point

http://cointelegraph.com/news/115262/bitcoin-the-self-securing-network

a key quote:

"It must be noted that due to the number of users and network effect, there is no blockchain currently stronger and more secure than Bitcoin. Attempts to create a ledger that's more secure than Bitcoin is extremely difficult and would take years – any existing altcoin would confirm this fact.

Meanwhile, the Bitcoin blockchain continues its path with an astounding 481,334,611 GH/S per second and continues to be the strongest form of digital consensus. It's the closest solution to the Byzantine Generals Problem to date.

Hash functions created in any algorithmic system take an input of any given length of numbers and produce an output. The Bitcoin protocol uses the deterministic hash function of SHA256 in production. This random mathematical equation happens by using the Poisson Process, a probability theory that counts the number of events in a recorded time.

To mine bitcoins, miners must solve the given input to verify transactions whose hash value is smaller than the specified value. Values in the network are programmed to periodically change to maintain the difficulty level.

This has given birth to a self-maintaining arrangement between every person involved. All of this is recorded on the largest triple entry bookkeeping system ever created. The groundwork laid out by miners and users makes up the network's attempt to attain computational consensus. And the bigger the hashrate of machines solving its hash functions, the stronger the network becomes.

Thus, it becomes increasingly harder to find points of failure in the network as mining pools and individuals propagate and increase their hashrate."

2. Counterparty will be BTC aware and will have the security of the Bitcoin network, which has a 4+ year track record. It will take a long time before serious financial transactions happen on Ethereum, because nobody can be certain it's safe at this time, let alone when/if POS is actually implemented (I think they're hoping a year from now?) and it will remain unproven for another X months/years.
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The above is one of the most important positives about this project in particular and about the crypto world in general (as far as where to invest). The BTC network is the most likely to be the go-to blockchain by large players, even if each of them currently plays around with other blockhains. The fact that the BTC network has been attacked numerous times and withstood it could make it the platform of choice for a conservative legacy player. If indeed the founders are still in it in a serious way, then this project's chances are relatively strong.

and congratulations on the new addition. put aside some BTC for him/her.    

1. Waiting for security audits and some platform stability of the VM is different than Ethereum maturing. Ethereum is a huge undertaking compared to the part Counterparty uses and some parts may never mature. For example, Counterparty does not have to wait for proof of stake to be implemented on Ethereum, which is what Ethereum originally promised after citing proof of work as the devil... then they launched with proof of work, lol.

2. Counterparty will be BTC aware and will have the security of the Bitcoin network, which has a 4+ year track record. It will take a long time before serious financial transactions happen on Ethereum, because nobody can be certain it's safe at this time, let alone when/if POS is actually implemented (I think they're hoping a year from now?) and it will remain unproven for another X months/years.

3. Yeah, there will be a large update to GitHub soon which will eliminate the concerns you rightly have on this issue. Not sure it's smart contract related, but it will demonstrate that they've been working quite a bit on the Counterparty related code.

4. I agree. I did not run for anything though as I did quite a bit earlier in the project and was short on time when the elections came around (having a baby soon and needed to make some money). I think the guys who have those positions now are doing a great job and have a skill set that better matches this phase of the project than me. I do what I can here, in this thread, as there is a lot of misinformation and people who have not interacted with the Founders directly worry a lot about various things, and rightly so. I'd stake my personal reputation on their ethics and commitment to the project, though.

Exactly. How about Etherium never matures?

Smart contracts requires currency to be escrowed. So no BTC, has to be either ETH or XCP.


The reason why waiting for ETH release they said is not to create forks so if Etherium fails users can change to counterparty.
It's not like the last commits are months ago. It's like the last commit was recent, but there's only 1 digit commits each month for the previous months. Not just the master branch, but also the dev branch. And most of the changes are on document.

Unless there's a unpublished "smart contract" branch, which I admit is possible. Let's wish we can see the updates soon.

Finally, Matt, you are really a great PR of counterparty. they really should include you in the foundation. No sarcasm, I am serious.

Things change. That's the way it is. They were waiting to see what Ethereum launched with and then adjusted when new information came in.

Mastercoin is still not mature so not sure how to answer that.

If people choose Ethereum over Bitcoin, then that's a choice they make. It's Bitcoin and Counterparty or Ethereum. Not Counterparty or Ethereum.

They clearly stated they are waiting for security audits to be run, not sure how that turns into waiting for Ethereum to fail.

It's also been stated that there is a large unpublished update that's going live to GitHub soon. Keep an eye out for it.

The point is that the explanations are not consistent, which one should we believe?

If counterparty waited for mastercoin to be more mature, will there even be XCP? If people choose Ether for smart contract, will they come back to use XCP? If waiting for failure of ETH, at least you need to test before Etherium fails. No real test can be run on testnet cause there's no users there.

I am not saying they are lying, they are just short of time and energy on counterparty. Check the submit history of github yourself. I think this is reasonable. Running a Startup certainly takes up most of their time. They just need to admit it and hire someone else spend full time on counterparty or even fully transfer it to the community.

Not a conspiracy theory.  More an expression of mild frustration.

there is enough history with the founders to give them credit. no one is lying.

if someone thinks that maybe it is time to move on.

it actually makes sense to see that the ETH platform is safe enough. it will get attacked most likely at some point is and is in alpha and dangerous (according to the frontier web site)

You can either believe what they say (as we have no reason not to) or think they are lying for one reason or another. It's up to you.

BitThink has a point.  It seems like there's always an excuse to push back smart contracts on mainnet.

Smart contracts has been added in testnet long long ago, when the price was pumped over 0.02. Then first "need more tests on testnet."; then "wait until Etherrium release cause they did not accept pull request before releasing; then after Etherium was released, "wait until it is fully tested in Etherium platform".

To me it's more like "currently we have more important things to do for our potential big customers. Let Etherium to do all the smart contract coding first."

Sorry if I made a mistake and smart contracts are already online or soon to be online.