Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 76. (Read 1276786 times)

Okay, thanks. I did not know that the coindaddy wallet is also an option to counterwallet.io.

Yes, you can use the same passphrase. The only difference is that the CoinDaddy counterwallet is being hosted on CoinDaddy servers. Here's more info in case you're interested https://www.reddit.com/r/counterparty_xcp/comments/33m39y/ann_coindaddyio_hosts_public_counterwallet/
https://counterpartytalk.org/t/ann-coindaddy-io-hosts-public-counterwallet-development-servers/1083/12

Devs have been notified, so hopefully the issue will be resolved soon. Coindaddy doesn't seem to be experiencing any issues at the moment, so feel free to use that server https://counterwallet.coindaddy.io/

I having problem to log into my counterparty account on counterwallet.io. I got the following message:



I tried it several times.

Makes sense. The only thing I'd say is almost nothing goes up super smoothly. We'll see more pumps and more dumps unless the project dies.

Yes, I agree most of you have said. My post is by no means complaining. Actually I owns a lot to the devs since I earned quit a lot as a burner. Moreover, I am not saying Symbiont is doing something wrong. As a company, they are certainly doing the right thing, as obviously only private ledger brings revenue currently.

I am just want to warn the new comers to not have an unrealistic expectation that price of XCP will be immediately pushed up if Symbiont gets more funding. I prefer the XCP increase steadily with the growing usage. Hate to see another pump and dump. Concentrate on the progress of counterparty itself and less on Symbiont.

As others have mentioned this looks like a successful open-source funding model, wherein the business element funnels funding into the open-source development. It didn't kill Linux, quite the opposite actually. 

Yeah, that sucked. I'm more speaking to the recent dump that came with the announcement even more recently. This is what makes no sense to me.

Re 1st paragraph: They clearly said that Symbiont tech does not compete or overlap with Counterparty tech. They have built other solutions (permissioned ledgers) and will use those when that's what clients want -- which is probably what most clients want atm if you look at the current permissioned ledger craze. This is a good way to get business and wait until people/regulations come around and clear up. To sum it up -- they have more than one solution and are in a discovery phase. When Counterparty tech is applicable to use, they will use it, because they did not build any overlapping or competing tech.

Re 2nd: I don't really know what to say. Obviously an investment in Symbiont is good, but does not have an immediate effect on the price of XCP, especially when Counterparty's main use is not even online. And yeah, of course I would rather have someone dump 20m into XCP, but it's super unrealistic to think that will happen. The mention of Red Hat earlier in the thread was a good one. It's a billion dollar business that repackages open source software and resells it with added stuff. The software Red Hat pushes is very, very successful in part because of Red Hat sometimes selling it to businesses.

You should be able to look on Github and find out pretty easily who's making the commits. If the founders are the only ones working on it, this is the community's failure, not theirs.

Quite right.  I was mocked after asking for any information on any Counterparty project in the works at Symbiont.  Currently, we don't know of one.

Yesterday's news was worded very generally without any details and that's why the interpretations vary so widely. It raises more questions than it answers. It would help if they would give some specific examples about what Symbiont plans to do with Counterparty, and also some specific examples about what can't be done with it.

Am I the only one that was hoping Symbiont's first project (their blockchain-based security issuance) would incorporate Counterparty?  For me, that's what this dump was about.  We potentially had a near-term, real world, major use case for Counterparty by a VC-backed company and yesterday we found out that we don't.  That's not to say Counterparty is dead, far from it, but this news was a letdown for me for that reason.

I have said something about that two months ago:

https://bitcointalksearch.org/topic/m.11611297
https://bitcointalksearch.org/topic/m.11613566
https://bitcointalksearch.org/topic/m.11614770

"Valuation of startups like Coinbase and Symbiont are only partially related to the valuation of one specific protocol."

That's too clever, and too long-term of a strategy for most Bitcoiners to understand. Let's just pretend it's a dump 

Why you dumping all XCP for me? Relax and buying, pretty cheap coins available and better devs than BTC core have   Instead of fighting they play with Wall Street guys.  

They are still here. Maybe they are building so huge system that can't telling everything. After overstock news I thought it was here, but they stay and doing even more. We can not know how everything are after 5 years, how all bitcoin system coming work.

If Symbiont is both using Counterparty for its main use cases, and funding XCP development with bankster dollars I don't think anyone should be complainin

I don't want to argue with anyone here. What I did is just try to clarify things previously I am not very clear myself. If you think counterparty = counterparty technology, then I think you are just as I was before that news. That announcement said very clearly the private ledger is based on "counterparty technology" but has key differences compared with counterparty itself. This is quite understandable, since the protocol is easy to be re-implemented and a complete new "counterparty" just needs some different parameters. Easier than From BTC to LTC.

The counterparty is more than counterparty technology. It's the technology plus the network effect, including the XCP distribution and all the assets built on it already. To XCP holders, the latter is utterly important., but not necessary to big companies and banks. If the big companies and banks are just intested in the technology, they can just build their own network with counterparty technology, just as what have already been done by Symbiont. As a private ledger they certainly don't need the existing network (holders and assets).

Counterparty or more precisely XCP certainly still has its value as an established public platform supports smart contracts. However, next time don't to be too excited when we see news that XYZ company or ABC  bank invests in Symbiont or intested in counterparty technology.

BTW I haven't sold all my holdings. I am still holding quit a lot and have no plan to sell and leave. Even if I want, I cannot because of the extremely low liquidity of XCP in all exchanges.

I'll look again on 1-1a

2-3- I hear you loud and clear on what you are emphasizing which was not really my point. From the get-go I would buy each of them a beer and have actually invested many many thousands in their vision from an ideological point of view. Their individual contribution is certainly rare and is much appreciated.

My point again was one of market perception at this point on --- and not backwards and what it means for the direct future development of the project. You have a strong point on 4 above but you would also agree that few full time developers working directly on CP are better for CP than the current situation.

The only solution is probably community contributions (through both XCP bounties and through time investment resources like what you do here (which is also appreciated). Thus- again I have no problem with the founders (only appreciation) and thus there is no need to protect them. but I'd prefer an active development team (even aside from the founding team) that is dedicated full time. but no one has to fund it for me...

Not being around for 8 months - maybe I missed some developments- are there programmers aside from the founders working on this or is it just the General manager?

1. https://bitcointalksearch.org/topic/m.12194589 (Phantom's comment in particular)

1a. https://bitcointalksearch.org/topic/m.12194589 (xnova's comment mostly. You can also reference the bolded stuff I quoted from the announcement a few posts up which clearly addresses this)

2-3. They are still not off to the next project. Are the Bitcoin devs off to the next project or are they still Bitcoin devs? What project (with direct no profit model) has three of three founders working for free and paying to fund the project out of pocket on top of that? You think you may have done the same by not continuing to do that? Yeah, I think you're right about that, for sure. I don't think anyone would do what they have done for the project, it's basically unheard of.

Happy to help.