can btc forking affect counterparty in any way?
No.
Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 79. (Read 1276789 times)
August 17, 2015, 01:00:58 PM
August 13, 2015, 11:54:12 AM
So to implement a payment channel in Counterparty, we need a multisig support and nLocktime. I understand Counterparty has multisig but I don't think it has nlocktime though I can imagine a Bitcoin transaction with an nlocktime that allows a payer to get their funds (assets, etc.) back might be possible to be coordinated. The question then becomes, can those smaller payments be done. They require that the sender creates a transaction that spends the funds held in multisig in part to the recipient and in part to themselves.
I think one of the devs confirmed that nLockTime will work with smart contracts. Not sure though.
August 13, 2015, 03:34:44 AM
Can I run counterpartyd without bitcoind?
I haven't successful done it myself but
There should be a way.
Look at this
https://counterpartytalk.org/t/counterparty-client-testnet-on-raspbian/1321
You can specify
*counterparty-rpc-connect
and
*wallet-connect
In this case its pointing to the counterpary testnet service in coindaddy, i guess coindaddy may have the mainnet service available too
August 12, 2015, 10:30:31 PM
Can I run counterpartyd without bitcoind?
Not that I'm aware of.
August 12, 2015, 10:27:51 PM
Can I run counterpartyd without bitcoind?
August 12, 2015, 08:31:24 PM
Hi guys, I think I've asked this a couple times so I'm sorry to "beat a dead horse" but is there any way to send XCP without running a full bitcoind node?
Counterwallet and the XCP wallet that's a browser plugin, I forget the name. Both are easy to use and don't require you to run a node.
August 12, 2015, 08:30:00 PM
been reading couple of last pages and caught myself on the same qustion, what is xcp actually useful for? sorry I'm a big new to counterparty, can I read somewhere an example please? the most simplified. also I don't quiet understand what "smart contract" is, maybe because my english level is pretty low.
Maybe this will help: https://en.wikipedia.org/wiki/Smart_contract
I think the gist is that they are financial contracts that don't require humans to carry them out. They self execute according to predetermined conditions. And if these contracts require a certain amount of computational power, there is a charge. That charge is denominated in XCP and is referred to as "gas."
August 12, 2015, 04:44:05 PM
Hi guys, I think I've asked this a couple times so I'm sorry to "beat a dead horse" but is there any way to send XCP without running a full bitcoind node?
August 12, 2015, 06:02:46 AM
Thanks for taking the time. I havent been following closely for many months and am just now refreshing my understanding. still have 80% of what I burnt originally. Still remember the impression the original dev team made on me with their very professional and straight approach. but did not follow every CP event since the end of last year. Take care.
Happy to help. The project is in much better shape now than when you were here last. When you look at who will have the best platform for smart contracts, on Bitcoin, it's Counterparty, and it's not even close. So the question to ask is "will smart contracts on the Bitcoin blockchain be a thing that gets used or not?" and if you think that yes, they will be a thing that is used, which happens to be my opinion, then simply continue to hold and ignore the noise. The rest is taking care of itself.
Hold and buy more so long than can get cheap
What all big projects there are building over Counterparty? I mean like who are using smart contract. I mostly know only Spell Of Genesis and Symbiont. Are there any other yet?
https://sericatrading.com/ - Precious Metals, Stock Certificates, Soft Commodities, Farmland
August 12, 2015, 02:58:04 AM
Thanks for taking the time. I havent been following closely for many months and am just now refreshing my understanding. still have 80% of what I burnt originally. Still remember the impression the original dev team made on me with their very professional and straight approach. but did not follow every CP event since the end of last year. Take care.
Happy to help. The project is in much better shape now than when you were here last. When you look at who will have the best platform for smart contracts, on Bitcoin, it's Counterparty, and it's not even close. So the question to ask is "will smart contracts on the Bitcoin blockchain be a thing that gets used or not?" and if you think that yes, they will be a thing that is used, which happens to be my opinion, then simply continue to hold and ignore the noise. The rest is taking care of itself.
Hold and buy more so long than can get cheap
What all big projects there are building over Counterparty? I mean like who are using smart contract. I mostly know only Spell Of Genesis and Symbiont. Are there any other yet?
August 12, 2015, 01:16:07 AM
Thanks for taking the time. I havent been following closely for many months and am just now refreshing my understanding. still have 80% of what I burnt originally. Still remember the impression the original dev team made on me with their very professional and straight approach. but did not follow every CP event since the end of last year. Take care.
Happy to help. The project is in much better shape now than when you were here last. When you look at who will have the best platform for smart contracts, on Bitcoin, it's Counterparty, and it's not even close. So the question to ask is "will smart contracts on the Bitcoin blockchain be a thing that gets used or not?" and if you think that yes, they will be a thing that is used, which happens to be my opinion, then simply continue to hold and ignore the noise. The rest is taking care of itself.
August 11, 2015, 11:53:17 PM
Hi Matt- long time.
On the XCP usage and role question:
I own most of the original XCPs and in the past I have been trying to get a clear answer for this same exact question. Way before the ethereum system adaptation, the answers were quite different... is this the only remaining real usage for XCP? wasnt it supposed to be used in every CP related transaction in the same manner you just described with ETH type contracts? what about a future financial transaction in a CP powered (symbiont for example) system? is the vision now that it wont require XCP? what was the answer for this before the ETH adapation?
Hey
Caveat - this is not coming from Counterparty, this is my opinion from following the project.
1. This is not the only real remaining usage, although it is the most significant one in my opinion. XCP will also be used to escrow value in some smart contracts I assume. And XCP is used to create nonnumerical asset names and over 1/2 of 1% of all XCP have already been burnt doing this very activity.
2. I'm not sure I understand your second question. There was never a charge of XCP for performing a Counterparty transaction if that's what you mean. Counterparty transactions are simply Bitcoin transactions and the only charge for transacting is paid in bitcoins to Bitcoin miners.
3. Symbiont or any other businesses that are built on Counterparty will use XCP if they plan to use the smart contract functionality. You cannot smart contract unless you XCP -- this seems to be something people have a hard time believing. The only way to get around this, as far as I know, is to fork the project.
4. Before Ethereum was ported over to Counterparty, smart contract type functionality was hard coded into Counterparty (CFDs and the like). Now, with a Turing complete scripting language, those features (CFDs) have been depreciated as smart contracts remove the need for hard coded stuff as people can just write their own stuff with much more flexibility.
Thanks for taking the time. I havent been following closely for many months and am just now refreshing my understanding. still have 80% of what I burnt originally. Still remember the impression the original dev team made on me with their very professional and straight approach. but did not follow every CP event since the end of last year. Take care.
August 11, 2015, 05:53:39 PM
Hi Matt- long time.
On the XCP usage and role question:
I own most of the original XCPs and in the past I have been trying to get a clear answer for this same exact question. Way before the ethereum system adaptation, the answers were quite different... is this the only remaining real usage for XCP? wasnt it supposed to be used in every CP related transaction in the same manner you just described with ETH type contracts? what about a future financial transaction in a CP powered (symbiont for example) system? is the vision now that it wont require XCP? what was the answer for this before the ETH adapation?
Hey
Caveat - this is not coming from Counterparty, this is my opinion from following the project.
1. This is not the only real remaining usage, although it is the most significant one in my opinion. XCP will also be used to escrow value in some smart contracts I assume. And XCP is used to create nonnumerical asset names and over 1/2 of 1% of all XCP have already been burnt doing this very activity.
2. I'm not sure I understand your second question. There was never a charge of XCP for performing a Counterparty transaction if that's what you mean. Counterparty transactions are simply Bitcoin transactions and the only charge for transacting is paid in bitcoins to Bitcoin miners.
3. Symbiont or any other businesses that are built on Counterparty will use XCP if they plan to use the smart contract functionality. You cannot smart contract unless you XCP -- this seems to be something people have a hard time believing. The only way to get around this, as far as I know, is to fork the project.
4. Before Ethereum was ported over to Counterparty, smart contract type functionality was hard coded into Counterparty (CFDs and the like). Now, with a Turing complete scripting language, those features (CFDs) have been depreciated as smart contracts remove the need for hard coded stuff as people can just write their own stuff with much more flexibility.
August 11, 2015, 05:06:38 PM
Hi Matt- long time.
On the XCP usage and role question:
I own most of the original XCPs and in the past I have been trying to get a clear answer for this same exact question. Way before the ethereum system adaptation, the answers were quite different... is this the only remaining real usage for XCP? wasnt it supposed to be used in every CP related transaction in the same manner you just described with ETH type contracts? what about a future financial transaction in a CP powered (symbiont for example) system? is the vision now that it wont require XCP? what was the answer for this before the ETH adapation?
August 09, 2015, 10:48:53 AM
Someone posted a Powerball lottery that will work on the smart contracts platform
August 09, 2015, 10:47:17 AM
Hi guys
I have read quite a bit of the counterparty documentation, especially the non dev stuff. But I still do not understand what the XCP token is used for as anyone can create their own custom token. Can someone explain?
Sincerely
I have read quite a bit of the counterparty documentation, especially the non dev stuff. But I still do not understand what the XCP token is used for as anyone can create their own custom token. Can someone explain?
Sincerely
Its main use case will be as gas to power the computations of smart contracts, like ether on Ethereum.
My understanding is that a smart contract is made up of various computations, the exact makeup of which will depend on the contract. A limited amount of computations in a very simple smart contract may not require XCP to fuel it, but anything over X computations will require gas. XCP is the gas for smart contracts on the Counterparty platform. Additionally, when XCP is used to fuel a smart contract, that XCP will be burnt, reducing the total supply of XCP.
This here http://ethereum.gitbooks.io/frontier-guide/content/costs.html sounds a bit like gas is a tx fee that is the higher the more computation your contract takes. But since Counterparty tx are processed by Bitcoin miners I don't understand why they would accept XCP?
XCP will not be used to process transactions, but will power smart contracts, like you found in Ethereum. Bitcoin miners will not accept XCP, nor will they need to. Transactions will be processed with Bitcoin, like normal. XCP will be used to power smart contracts and will be burnt afterwards -- nobody will accept the XCP or even have the opportunity to. Once XCP is used in this manner it will be beyond anyone's reach.
Your question is good as this is slightly different than Ethereum because Counterparty is a layer on top of Bitcoin. I hope I adequately explained the difference.
). But "power smart contracts " doesn't help me understand how xcp is used. Who needs it to do what? To "power" something is just a fancy way of saying "it's needed to make it work". Yeah, XCP will be needed to make smart contracts work. I'm also looking forward to seeing what the main uses of smart contracts are. You should be able to look to Ethereum for your answer here somewhat. On blog posts, forums, and on the platform. I think the potential use cases are quite wide. Here's a pyramid scheme contract that was posted recently, for example: http://pastebin.com/AGDsJL6j
August 09, 2015, 10:00:29 AM
Anyone know what is reason for that so rarely exchanges have took XCP for their list?
I have sent about once a month or two request to many exchanges and answer have been same last one year about like "we will look and are really interested about this coin and will maybe add it later..."
Same time there is like Cryptsy what have taking every cat, moon, weed and car coins for trading. Why not XCP?
I have sent about once a month or two request to many exchanges and answer have been same last one year about like "we will look and are really interested about this coin and will maybe add it later..."
Same time there is like Cryptsy what have taking every cat, moon, weed and car coins for trading. Why not XCP?
The simple answer is that the Counterparty software client is different to everything else. Whereas 99% of shitcoins' software are near identical to Bitcoin's. So it is a little bit more tricky to set Counterparty up on an exchange. Though, I find it difficult to understand why Kraken (they best exchange imo) saw fit to add Ethereum which is similarly different and they have not added Counterparty yet.
August 09, 2015, 07:49:50 AM
Anyone know what is reason for that so rarely exchanges have took XCP for their list?
I have sent about once a month or two request to many exchanges and answer have been same last one year about like "we will look and are really interested about this coin and will maybe add it later..."
Same time there is like Cryptsy what have taking every cat, moon, weed and car coins for trading. Why not XCP?
I have sent about once a month or two request to many exchanges and answer have been same last one year about like "we will look and are really interested about this coin and will maybe add it later..."
Same time there is like Cryptsy what have taking every cat, moon, weed and car coins for trading. Why not XCP?
The simple answer is that the Counterparty software client is different to everything else. Whereas 99% of shitcoins' software are near identical to Bitcoin's. So it is a little bit more tricky to set Counterparty up on an exchange. Though, I find it difficult to understand why Kraken (they best exchange imo) saw fit to add Ethereum which is similarly different and they have not added Counterparty yet.
Last I heard it takes them $50k+ to fully security vet a potential currency. (Some Kraken representatives told me this... cannot vouch for the accuracy.) But basically it's a cost intensive and extremely long process. We will have to wait for Counterparty volume to go up, in order to be considered by Kraken.
August 09, 2015, 07:39:58 AM
Hi guys
I have read quite a bit of the counterparty documentation, especially the non dev stuff. But I still do not understand what the XCP token is used for as anyone can create their own custom token. Can someone explain?
Sincerely
I have read quite a bit of the counterparty documentation, especially the non dev stuff. But I still do not understand what the XCP token is used for as anyone can create their own custom token. Can someone explain?
Sincerely
Its main use case will be as gas to power the computations of smart contracts, like ether on Ethereum.
My understanding is that a smart contract is made up of various computations, the exact makeup of which will depend on the contract. A limited amount of computations in a very simple smart contract may not require XCP to fuel it, but anything over X computations will require gas. XCP is the gas for smart contracts on the Counterparty platform. Additionally, when XCP is used to fuel a smart contract, that XCP will be burnt, reducing the total supply of XCP.
This here http://ethereum.gitbooks.io/frontier-guide/content/costs.html sounds a bit like gas is a tx fee that is the higher the more computation your contract takes. But since Counterparty tx are processed by Bitcoin miners I don't understand why they would accept XCP?
XCP will not be used to process transactions, but will power smart contracts, like you found in Ethereum. Bitcoin miners will not accept XCP, nor will they need to. Transactions will be processed with Bitcoin, like normal. XCP will be used to power smart contracts and will be burnt afterwards -- nobody will accept the XCP or even have the opportunity to. Once XCP is used in this manner it will be beyond anyone's reach.
Your question is good as this is slightly different than Ethereum because Counterparty is a layer on top of Bitcoin. I hope I adequately explained the difference.
). But "power smart contracts " doesn't help me understand how xcp is used. Who needs it to do what? To "power" something is just a fancy way of saying "it's needed to make it work". August 09, 2015, 05:09:46 AM
Anyone know what is reason for that so rarely exchanges have took XCP for their list?
I have sent about once a month or two request to many exchanges and answer have been same last one year about like "we will look and are really interested about this coin and will maybe add it later..."
Same time there is like Cryptsy what have taking every cat, moon, weed and car coins for trading. Why not XCP?
I have sent about once a month or two request to many exchanges and answer have been same last one year about like "we will look and are really interested about this coin and will maybe add it later..."
Same time there is like Cryptsy what have taking every cat, moon, weed and car coins for trading. Why not XCP?
The simple answer is that the Counterparty software client is different to everything else. Whereas 99% of shitcoins' software are near identical to Bitcoin's. So it is a little bit more tricky to set Counterparty up on an exchange. Though, I find it difficult to understand why Kraken (they best exchange imo) saw fit to add Ethereum which is similarly different and they have not added Counterparty yet.
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