[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 82.

eustress

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Quote

The article left out the important point that it not proof of existence or even a token system, but a complete smart contracts ('smart securities') platform. If it were anything else, there'd be no automatic dividend payments, conversions, cap table management, etc.

- Adam Krellenstein

Source: https://www.reddit.com/r/Bitcoin/comments/3frw0v/wall_street_meet_block_368396_the_possible_future/ctrk5sh

Edit: Also explains why it's not on Blockscan.

poloskarted

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https://www.reddit.com/r/Bitcoin/comments/3frw0v/wall_street_meet_block_368396_the_possible_future/
Good discussion here of the latest announcements ^

PS, these are entirely unrelated but nice to see. Two big players in the physical->digi gold representation market up on CounterParty.

https://midasrezerv.com/
http://blockscan.com/assetInfo/MRCDEMO
http://finance.yahoo.com/news/midas-rezerv-announces-first-gold-143600705.html
https://www.techinasia.com/tech-in-asia-tour-road-to-tokyo-2015-bangkok/

http://www.hayekgold.co/
http://blockscan.com/assetInfo/XHYK
http://www.businessinsider.com/hayek-cryptocurrency-backed-by-gold-2015-5?IR=T

eustress

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Shouldn't this be on Blockscan??? https://www.blockscan.com/

Edit: Not necessarily, depends on the version of the Counterparty Protocol that Blockscan are using versus what Symbiont are using.

eustress

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It looks like they beat Overstock and their TØ offering...

Quote

Byrne, an outspoken crusader for this type of technology, is intent on being the first to offer what’s called a cryptosecurity.

Source: http://www.wired.com/2015/06/overstock-will-issue-private-bond-powered-bitcoin-tech/

Unless it is the same announcement...

metacoin

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balance

Quote from: ?? on ??

Quote from: Matt Y on August 03, 2015, 09:33:50 PM

Quote from: ?? on ??

Hello everyone, I'm new here and new to counterparty. If I understood correctly counterparty protocol "lives" inside bitcoin blockchain by storing information inside of it. Previously I heard couple of times the in futire bitcoin blockchain might be pruned because its size is increasing so rapidly. Again, if I understood it correctly pruning will remove uninportant bits of data from blockchain to make it more lightweight and bitcoin more usable for everyone. So the question is, if bitcoin blockchain will be pruned can this make counterparty protocol completely non functional? Sorry if I sound dumb or something, still new to all this. Thanks in advance!

This is not an issue. No worries.

this is not quiet an explanation I wanted to receive. why is this not a problem? in fact I asked 3 or 4 people already and all said the same "it's not an issue" but no one explained why.

Regardless of whether or not there exist pruned nodes on the network, all full-nodes (including all solo-miners and pool operators) are by definition non-pruning nodes. Transactions that contain OP_RETURN data are included in blocks which are identified by their hash. As a result, OP_RETURN data is always included in the equation that results in a block hash. So that data is secured by the block chain, as explained in the satoshi whitepaper on pages 6 through 8.

Nodes that run pruning software don't store all transactions on their hard drive. It's sort of like SPV nodes, they depend on other full nodes or trusted nodes to send them verified block hashes. Pruning nodes verify the data and then delete it, IIRC.

Matt Y

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Counterpartying

https://www.reddit.com/r/Bitcoin/comments/3fsikd/symbiont_issues_securities_on_the_bitcoin/

dexX7

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http://www.bloomberg.com/news/articles/2015-08-04/wall-street-meet-block-368396-the-possible-future-of-finance provides a hint: block 368396.

When looking through that block, there are three notable transactions, with bare multisig encoding:

- https://blockchain.info/tx/adb8129bed9efb0b6ebf4bac8fee2d70ab41fea7a0027b9371c100fa360bb38a
- https://blockchain.info/tx/1c751d4af1fa2385d6df008fede770f365b71c8138b180cc75813e0955d3d0ea
- https://blockchain.info/tx/b7547019ee64f438a05d4458ff879765d984a541a046871d5495d0d0cf92c413

Looks like the Symbiont mainnet testing started at least two days ago.

Matt Y

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Counterpartying

And now total XCP for sale on Poloni is down almost 20% from a week ago. BTC trying to buy Xcp is up almost 20% in the same period.

MidwestMiner

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Don't let go cheap. Once the market in general starts realizing the weight of the recent news we should have ATH within a few weeks. Sub $20 million is ludicrous for XCP.

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: bitcoinrocks on August 04, 2015, 02:33:41 PM

Apparently the Symbiont cryptosecurity has been issued but how do you buy it?

http://www.coindesk.com/smart-contracts-platform-symbiont-issues-its-first-cryptosecurity/

Here is the press release: http://www.prnewswire.com/news-releases/symbiont-issues-first-ever-smart-securities-300123160.html

Bloomberg: http://www.bloomberg.com/news/articles/2015-08-04/wall-street-meet-block-368396-the-possible-future-of-finance

bitcoinrocks

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Apparently the Symbiont cryptosecurity has been issued but how do you buy it?

http://www.coindesk.com/smart-contracts-platform-symbiont-issues-its-first-cryptosecurity/

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Total XCP for sale on Poloni has decreased by almost 10% within the last week. It's going to get interesting unless some of you guys want to start dumping. Wink

romerun

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Bitcoin is new, makes sense to hodl.

It can be pruned by people who want to prune it. Those who prune do not store the complete blockchain, thereby cannot be seeders of the real full nodes.

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: ?? on ??

Quote from: Matt Y on August 03, 2015, 09:33:50 PM

Quote from: ?? on ??

Hello everyone, I'm new here and new to counterparty. If I understood correctly counterparty protocol "lives" inside bitcoin blockchain by storing information inside of it. Previously I heard couple of times the in futire bitcoin blockchain might be pruned because its size is increasing so rapidly. Again, if I understood it correctly pruning will remove uninportant bits of data from blockchain to make it more lightweight and bitcoin more usable for everyone. So the question is, if bitcoin blockchain will be pruned can this make counterparty protocol completely non functional? Sorry if I sound dumb or something, still new to all this. Thanks in advance!

This is not an issue. No worries.

this is not quiet an explanation I wanted to receive. why is this not a problem? in fact I asked 3 or 4 people already and all said the same "it's not an issue" bot no one explained why.

Technically, I can't explain it, but if it was an issue, there would be no project. No Symbiont, etc. Bitcoin wouldn't even be as cool as it is. It's just too basic and too huge of a flaw for it to possibly be an issue. My guess is that you're thinking about pruning wrong and that data can't be arbitrarily removed from the blockchain, because then it would not be an immutable ledger, which is where the value of this whole blockchain thing is.

EDIT: I'd also add that Counterparty used to store data in a way that was not prunable because they had no choice. Now they have a choice because OP_RETURN carries 80 bytes (which is a change Counterparty pushed for) to store data instead of 40 bytes. They would not have made that decision if it would possibly kill the project, but if that changes, they could simply go back to storing data in a non prunable way (which is not needed because this is not an issue).

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: ?? on ??

Hello everyone, I'm new here and new to counterparty. If I understood correctly counterparty protocol "lives" inside bitcoin blockchain by storing information inside of it. Previously I heard couple of times the in futire bitcoin blockchain might be pruned because its size is increasing so rapidly. Again, if I understood it correctly pruning will remove uninportant bits of data from blockchain to make it more lightweight and bitcoin more usable for everyone. So the question is, if bitcoin blockchain will be pruned can this make counterparty protocol completely non functional? Sorry if I sound dumb or something, still new to all this. Thanks in advance!

This is not an issue. No worries.

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Thought this was posted, but I don't see it: http://shitco.in/2015/08/02/symbiont-updates-xcp-rocket-ignited/

Matt Y

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Counterpartying

Quote from: statdude on August 01, 2015, 02:14:51 PM

Quote from: Matt Y on July 31, 2015, 08:12:58 PM

http://counterpartyfoundation.org/counterparty-community-update-july-30-spells-of-genesis-xcp-price-coindaddy-coinvend-getgems-julia-updates-more/

Quote

A word from our Chief Scientist regarding Smart Contracts, as it relates to the Ethereum Launch date

What follows is an official statement from Adam Krellenstein, the lead developer of the counterparty project:

Quote

“We’d like to give a quick update where things are at regarding offering the full Ethereum smart contracts functionality on Counterparty mainnet:

Currently we’re in a bit of a holding pattern in finishing up the implementation, due to the fact that Ethereum itself is still under heavy testing and development, and its consensus system is still rather centralized. On top of this, the Ethereum Virtual Machine (EVM), which provides the execution environment for the smart contracts, is not ready for prime-time from both a security and maturity of features standpoint. Before we add the EVM into Counterparty mainnet, we’d like to see much more security testing around it, as putting an insecure and still-rapidly-evolving EVM implementation live into mainnet would have severe consequences to the existing Counterparty ecosystem.

Once Ethereum’s own implementations are more mature, stable and tested (with at least a few formal security audits behind it), we will be able to complete the Counterparty implementation. At that point, porting it over to Counterparty should be very straightforward.”

Whats the benefit of ETH+XCP?

None.

Counterparty is recreating the Ethereum virtual machine on Bitcoin so that Eth is not required and you have the security of the Bitcoin network. The benefit of BTC+XCP is that anything you can do on Ethereum, you will be able to do on Bitcoin.

statdude

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Quote from: Matt Y on July 31, 2015, 08:12:58 PM

http://counterpartyfoundation.org/counterparty-community-update-july-30-spells-of-genesis-xcp-price-coindaddy-coinvend-getgems-julia-updates-more/

Quote

A word from our Chief Scientist regarding Smart Contracts, as it relates to the Ethereum Launch date

What follows is an official statement from Adam Krellenstein, the lead developer of the counterparty project:

Quote

“We’d like to give a quick update where things are at regarding offering the full Ethereum smart contracts functionality on Counterparty mainnet:

Currently we’re in a bit of a holding pattern in finishing up the implementation, due to the fact that Ethereum itself is still under heavy testing and development, and its consensus system is still rather centralized. On top of this, the Ethereum Virtual Machine (EVM), which provides the execution environment for the smart contracts, is not ready for prime-time from both a security and maturity of features standpoint. Before we add the EVM into Counterparty mainnet, we’d like to see much more security testing around it, as putting an insecure and still-rapidly-evolving EVM implementation live into mainnet would have severe consequences to the existing Counterparty ecosystem.

Once Ethereum’s own implementations are more mature, stable and tested (with at least a few formal security audits behind it), we will be able to complete the Counterparty implementation. At that point, porting it over to Counterparty should be very straightforward.”

Whats the benefit of ETH+XCP?

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

http://counterpartyfoundation.org/counterparty-community-update-july-30-spells-of-genesis-xcp-price-coindaddy-coinvend-getgems-julia-updates-more/

Quote

A word from our Chief Scientist regarding Smart Contracts, as it relates to the Ethereum Launch date

What follows is an official statement from Adam Krellenstein, the lead developer of the counterparty project:

Quote

“We’d like to give a quick update where things are at regarding offering the full Ethereum smart contracts functionality on Counterparty mainnet:

Currently we’re in a bit of a holding pattern in finishing up the implementation, due to the fact that Ethereum itself is still under heavy testing and development, and its consensus system is still rather centralized. On top of this, the Ethereum Virtual Machine (EVM), which provides the execution environment for the smart contracts, is not ready for prime-time from both a security and maturity of features standpoint. Before we add the EVM into Counterparty mainnet, we’d like to see much more security testing around it, as putting an insecure and still-rapidly-evolving EVM implementation live into mainnet would have severe consequences to the existing Counterparty ecosystem.

Once Ethereum’s own implementations are more mature, stable and tested (with at least a few formal security audits behind it), we will be able to complete the Counterparty implementation. At that point, porting it over to Counterparty should be very straightforward.”

Praxis

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Quote from: gumcruise on July 31, 2015, 11:20:07 AM

Quote from: Matt Y on July 31, 2015, 11:09:44 AM

Quote from: gumcruise on July 31, 2015, 06:20:18 AM

Quote from: bitcoinrocks on July 30, 2015, 10:11:38 PM

Quote from: eustress on July 30, 2015, 09:39:00 PM

http://www.bizjournals.com/newyork/news/2015/07/30/wall-street-secrets-targeted-by-bitcoin-technology.html

Man, are these guys going to use Counterparty or not?

No, they will use Mastercoin on a permissioned clone of the Doge blockchain which only runs on TI84s.

I had to Google what a TI84 is, but it was worth it.

Symbiont is trolling you all. They will clearly never use XCP on Wall Street. They are going to make a clone called XCP-XT and they will not be mutually usable. The XCP will be smelted and turned into Factoms, XPY and the rest into Citicoin. Send me all your old XCP for recycling: 14Tf35AovvRVURzd623q5i9kry2EW8WzyL

Sent

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 82. (Read 1276789 times)