Pages:
Author

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 80. (Read 1276936 times)

sr. member
Activity: 432
Merit: 250
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?

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.
sr. member
Activity: 441
Merit: 250
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

Its main use case will be as gas to power the computations of smart contracts, like ether on Ethereum.
can you expand on that?

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.
I still dont know what gas is if it is not some fancy word for tx fee.

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.
You are doing a great job of community work (i actually mean that! love Smiley ). 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".
newbie
Activity: 26
Merit: 0
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?

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.
full member
Activity: 134
Merit: 100
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?
hero member
Activity: 647
Merit: 510
Counterpartying
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

Its main use case will be as gas to power the computations of smart contracts, like ether on Ethereum.
can you expand on that?

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.
I still dont know what gas is if it is not some fancy word for tx fee.

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.
sr. member
Activity: 441
Merit: 250
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

Its main use case will be as gas to power the computations of smart contracts, like ether on Ethereum.
can you expand on that?

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.
I still dont know what gas is if it is not some fancy word for tx fee.

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?
hero member
Activity: 647
Merit: 510
Counterpartying
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

Its main use case will be as gas to power the computations of smart contracts, like ether on Ethereum.
can you expand on that?

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.
sr. member
Activity: 441
Merit: 250
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

Its main use case will be as gas to power the computations of smart contracts, like ether on Ethereum.
can you expand on that?
hero member
Activity: 647
Merit: 510
Counterpartying
So what's up with the Symbiont cryprosecurity issuance?  Can I buy it?  What are they doing next?

Unknown, no, unknown.
legendary
Activity: 1372
Merit: 1000
So what's up with the Symbiont cryprosecurity issuance?  Can I buy it?  What are they doing next?
sr. member
Activity: 602
Merit: 252
Long time not in bitcointalk. How is XCP now? I am in a trip at US now and may have a chance to meet the US XCP fans.
hero member
Activity: 647
Merit: 510
Counterpartying
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

Its main use case will be as gas to power the computations of smart contracts, like ether on Ethereum.
member
Activity: 96
Merit: 18
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
sr. member
Activity: 432
Merit: 250
Very thin order book and devout holders. More volume will drive the price way up

Hard to say goodbye to any xcps for the tech literate crowd Smiley
sr. member
Activity: 311
Merit: 250
legendary
Activity: 1498
Merit: 1000
how many coin dumps?

Someone sold 3.3k XCP in one order, which caused the price to go down quite a bit due to a thin order book.

Yeah.

Never seem to have low bids when the right timing happens  Grin
hero member
Activity: 647
Merit: 510
Counterpartying
how many coin dumps?

Someone sold 3.3k XCP in one order, which caused the price to go down quite a bit due to a thin order book.
sr. member
Activity: 311
Merit: 250
legendary
Activity: 1498
Merit: 1000
Nice pump in counterparty, I'm still bullish on xcp. I think overall the market is really undervalued. It will take time, but I think it is a really valuable tool.







http://thecryptotarian.com/  -- Cryptocurrency news

minus the brutal dumps yesterday.
newbie
Activity: 3
Merit: 0
Nice pump in counterparty, I'm still bullish on xcp. I think overall the market is really undervalued. It will take time, but I think it is a really valuable tool.







http://thecryptotarian.com/  -- Cryptocurrency news
Pages:
Jump to: