[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 84.

eustress

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http://bravenewcoin.com/news/merchant-bank-backs-blockchain-startup/

Quote

For the time being Symbiont is using bitcoin blockchain technologies because they are the most tested and reviewed out of the technologies in this very new field, a very important thing considering that real money and assets will be traded on these systems. But the startup also recognises that the Bitcoin system has drawbacks, most pointedly that financial institutions are uncomfortable using it, Symbiont is therefore developing several non-digital currency ledgers. According to the company, non-digital currency and bitcoin ledgers will both have a place in the emerging industry with each offering different advantages.

This could be interpreted in a number of ways but I definitely see the positive side - committing transactions (and data) to the Bitcoin Blockchain could be viewed as the last mile of a financial process. Symbiont will facilitate that, but they will also work on the systems that will be internal to the financial services industry. These systems can then be made to interface seamlessly with the Bitcoin Blockchain components. Very Factom-esque, but with a laser focus on financial services.

TL:DR Symbiont will provide a full-stack of financial services tools.

mmortal03

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Quote from: pankogulo on July 24, 2015, 12:17:00 PM

We're back with our regular community updates! http://counterparty.io/news/counterparty-community-update-july-24/

"In other development news, Bitcoin Core v0.11.0 was released, followed by btcdrak’s v0.11.0 addrindex patch (https://github.com/btcdrak/bitcoin/releases) (used by Counterparty)."

It looks like only the source code was released this time. No installers are there yet, unlike when he does a usual release.

deliciousowl

sr. member

Activity: 432

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Quote from: Matt Y on July 25, 2015, 03:52:37 PM

It's been said in various places that there has been ambiguity on this point and that Symbiont may not use Counterparty/XCP. I do agree that this post should not have been needed and that it should have already been obvious that Symbiont will use Counterparty/XCP.

Quote from: eustress on July 25, 2015, 03:43:54 PM

Quote

Over the last year and a half, Counterparty has evolved into the most advanced platform for creating financial instruments on top of Bitcoin, used by an increasing number of innovative projects. During the last couple of months, our goal was to wrap up the large scale improvements to the Counterparty software suite, complete comprehensive security audits, and once the protocol reaches a mature state start focusing on and building tools and services around it. Symbiont is a step in that direction, developing products that will be utilizing this technology, and we’re very excited to see it be put into use in systems that power modern finance.

I don't understand the emphasis. The Counterparty Protocol is a purpose-built financial services layer on top of Bitcoin. XCP tokens are the necessary analogue of BTC (wrt. transaction fees) to prevent abuse of the upcoming smart contract system. Symbiont was founded in part by the founders of the Counterparty Project. Of course the emphasised sentence holds true.

You'd be surprised. If I got a $1 for each time I heard that, I'd retire. I'm really, really glad that was posted. If you want to get into a fight on Reddit, post how obvious it is. I'm doubtful that even this update will clear people up.

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: eustress on July 25, 2015, 03:43:54 PM

Quote from: Matt Y on July 25, 2015, 12:11:06 PM

Quote from: pankogulo on July 24, 2015, 12:17:00 PM

We're back with our regular community updates! http://counterparty.io/news/counterparty-community-update-july-24/

Quote

Over the last year and a half, Counterparty has evolved into the most advanced platform for creating financial instruments on top of Bitcoin, used by an increasing number of innovative projects. During the last couple of months, our goal was to wrap up the large scale improvements to the Counterparty software suite, complete comprehensive security audits, and once the protocol reaches a mature state start focusing on and building tools and services around it. Symbiont is a step in that direction, developing products that will be utilizing this technology, and we’re very excited to see it be put into use in systems that power modern finance.

I don't understand the emphasis. The Counterparty Protocol is a purpose-built financial services layer on top of Bitcoin. XCP tokens are the necessary analogue of BTC (wrt. transaction fees) to prevent abuse of the upcoming smart contract system. Symbiont was founded in part by the founders of the Counterparty Project. Of course the emphasised sentence holds true.

It's been said in various places that there has been ambiguity on this point and that Symbiont may not use Counterparty/XCP. I do agree that this post should not have been needed and that it should have already been obvious that Symbiont will use Counterparty/XCP.

eustress

newbie

Activity: 26

Merit: 0

Quote from: Matt Y on July 25, 2015, 12:11:06 PM

Quote from: pankogulo on July 24, 2015, 12:17:00 PM

We're back with our regular community updates! http://counterparty.io/news/counterparty-community-update-july-24/

Quote

Over the last year and a half, Counterparty has evolved into the most advanced platform for creating financial instruments on top of Bitcoin, used by an increasing number of innovative projects. During the last couple of months, our goal was to wrap up the large scale improvements to the Counterparty software suite, complete comprehensive security audits, and once the protocol reaches a mature state start focusing on and building tools and services around it. Symbiont is a step in that direction, developing products that will be utilizing this technology, and we’re very excited to see it be put into use in systems that power modern finance.

I don't understand the emphasis. The Counterparty Protocol is a purpose-built financial services layer on top of Bitcoin. XCP tokens are the necessary analogue of BTC (wrt. transaction fees) to prevent abuse of the upcoming smart contract system. Symbiont was founded in part by the founders of the Counterparty Project. Of course the emphasised sentence holds true.

A liquid XCP/BTC market (particularly on the DEx, via semi-centralised means or othewise) will actually make it look like the smart contract fuel is being paid directly with BTC with the XCP supply regulating the perceived BTC fuel fee. A very clever self regulating system.

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: pankogulo on July 24, 2015, 12:17:00 PM

We're back with our regular community updates! http://counterparty.io/news/counterparty-community-update-july-24/

Quote

Over the last year and a half, Counterparty has evolved into the most advanced platform for creating financial instruments on top of Bitcoin, used by an increasing number of innovative projects. During the last couple of months, our goal was to wrap up the large scale improvements to the Counterparty software suite, complete comprehensive security audits, and once the protocol reaches a mature state start focusing on and building tools and services around it. Symbiont is a step in that direction, developing products that will be utilizing this technology, and we’re very excited to see it be put into use in systems that power modern finance.

Jdj1727

sr. member

Activity: 338

Merit: 250

Quote from: pankogulo on July 24, 2015, 12:17:00 PM

We're back with our regular community updates! http://counterparty.io/news/counterparty-community-update-july-24/

Very nice, thank you! Good things to come for XCP.

CryptoFinanceUK

newbie

Activity: 39

Merit: 0

Quote from: pankogulo on July 24, 2015, 12:17:00 PM

We're back with our regular community updates! http://counterparty.io/news/counterparty-community-update-july-24/

Yay! Have missed these - great to see them back.

pankogulo

full member

Activity: 121

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Counterparty General Manager

We're back with our regular community updates! http://counterparty.io/news/counterparty-community-update-july-24/

bitcoinrocks

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Quote from: CounterpartyRippler on July 24, 2015, 09:39:38 AM

Quote from: bitcoinrocks on July 23, 2015, 01:04:54 PM

Very cool. Do any of those allow me to send XCP without running a full bitcoin node?

Some like XCP Wallet (extension) for Chrome work entirely out of the browser.

Has anyone used any of these to send XCP without running bitcoind or counterpartyd?

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: Galangeka on July 24, 2015, 09:42:25 AM

Getting mining on board seems like the next
step in the future of cryptocoins

are you kidding me sir ?
this is coin asset , not mining and never
just Buy , Hold then Sell when the value increase from when you buy Wink

Galangeka

member

Activity: 84

Merit: 10

Getting mining on board seems like the next
step in the future of cryptocoins

CounterpartyRippler

newbie

Activity: 11

Merit: 0

Quote from: bitcoinrocks on July 23, 2015, 01:04:54 PM

Very cool. Do any of those allow me to send XCP without running a full bitcoin node?

Some like XCP Wallet (extension) for Chrome work entirely out of the browser.

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Symbiont mentioned: http://www.bloomberg.com/news/articles/2015-07-23/nasdaq-expects-to-be-first-exchange-to-use-bitcoin-technology

Currently #1 on Reddit https://www.reddit.com/r/Bitcoin/comments/3ebwtk/nasdaq_expects_to_be_first_exchange_using_bitcoin/

jrmg

full member

Activity: 134

Merit: 100

Quote from: delulo on July 23, 2015, 11:28:36 AM

Quote from: Matt Y on July 22, 2015, 10:43:05 AM

Quote from: deliciousowl on July 21, 2015, 05:20:25 AM

Consider that the Overstock news prompted a huge rush, while the current Symbiont developments are far more impressive and as far as I can tell, had barely any effect. I believe eventually it will be possible to pinpoint the exact time everything 'clicks' and perspectives change.

Yeah, pretty ridiculous. An online retailer gets in and there is a 4x jump. Some of the biggest people on wall street get in, nobody cares. There will be a massive jump at some point, but it could be a while. Maybe at the next funding round for Symbiont, maybe smart contracts, maybe when Symbiont opens its doors for business. What a crazy world we live in.

It will rise as soon as it becomes clear that these outstanding business development achievements result in a product that requires xcp in order to be usable. That has never been made cristal clear but I don't blame the counterparty devs for it. There is some strategy behind it... But still it would be nice to see more clarity here...

If XCP become someday expensive, anyone can't say it was not fair for everyone. There have been two(?) change to buy with burning price and really long with small money. Also big moneys don't have choose price. They only blame and told it was altcoin, unfair launch etc.

I read yesterday this reddit post and and I even can't understand much of it, but still all their problems what I can find, I think are already solved with Counterparty

https://www.reddit.com/r/Bitcoin/comments/3e8a4v/jeff_g_throwing_the_hammer_down_today_on_devlist/

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: delulo on July 23, 2015, 11:28:36 AM

Quote from: Matt Y on July 22, 2015, 10:43:05 AM

Quote from: deliciousowl on July 21, 2015, 05:20:25 AM

Consider that the Overstock news prompted a huge rush, while the current Symbiont developments are far more impressive and as far as I can tell, had barely any effect. I believe eventually it will be possible to pinpoint the exact time everything 'clicks' and perspectives change.

Yeah, pretty ridiculous. An online retailer gets in and there is a 4x jump. Some of the biggest people on wall street get in, nobody cares. There will be a massive jump at some point, but it could be a while. Maybe at the next funding round for Symbiont, maybe smart contracts, maybe when Symbiont opens its doors for business. What a crazy world we live in.

It will rise as soon as it becomes clear that these outstanding business development achievements result in a product that requires xcp in order to be usable. That has never been made cristal clear but I don't blame the counterparty devs for it. There is some strategy behind it... But still it would be nice to see more clarity here...

I agree. I guess the leap for me is that these big names would invest in the Counterparty founding team, whose expertise is, Counterparty, and then not use it. Additionally, with a bit of research I think it becomes apparent that XCP is needed to make the whole process work.

bitcoinrocks

legendary

Activity: 1372

Merit: 1000

Very cool. Do any of those allow me to send XCP without running a full bitcoin node?

poloskarted

member

Activity: 63

Merit: 12

Just posting some of the open source Counterparty-related projects I've seen on GitHub.

Quote

Counterparty Tokens Availability Checker (via wordlist.txt)
https://github.com/makevoid/counterparty_token_checker

Online tools developed to work with Counterparty transactions. Create, sign, and broadcast multisignature transactions with Counterparty Assets or bitcoins. Operates with Mainnet and Testnet.
https://github.com/amilabs/counterparty-tools/
http://cp-tools.amilabs.co/

Walletgenie : A modular CLI frontend to bitcoin, counterparty and digitial currency daemons
https://github.com/iswt/walletgenie

A ruby gem for communicating with a Counterparty (Bitcoin / XCP) API server
https://github.com/brighton36/counterparty_ruby

Javascript Library for Counterparty (counterparty.io)
https://github.com/loon3/xcp-tools-js

Gateway/vending machine prototype script for the Counterparty protocol
https://github.com/tokenly/xcp-gateway

A Counterparty and Bitcoin based auction machine
https://github.com/tokenly/auction-machine

A client library for the counterparty API
https://github.com/tokenly/xcpd-client

A Counterparty Transaction Parser component for Tokenly.
https://github.com/tokenly/counterparty-transaction-parser

A Counterparty transaction sender
https://github.com/tokenly/counterparty-sender

Counterparty Transaction Watcher
https://github.com/iswt/PartyChain

delulo

sr. member

Activity: 441

Merit: 250

Quote from: Matt Y on July 22, 2015, 10:43:05 AM

Quote from: deliciousowl on July 21, 2015, 05:20:25 AM

Consider that the Overstock news prompted a huge rush, while the current Symbiont developments are far more impressive and as far as I can tell, had barely any effect. I believe eventually it will be possible to pinpoint the exact time everything 'clicks' and perspectives change.

Yeah, pretty ridiculous. An online retailer gets in and there is a 4x jump. Some of the biggest people on wall street get in, nobody cares. There will be a massive jump at some point, but it could be a while. Maybe at the next funding round for Symbiont, maybe smart contracts, maybe when Symbiont opens its doors for business. What a crazy world we live in.

It will rise as soon as it becomes clear that these outstanding business development achievements result in a product that requires xcp in order to be usable. That has never been made cristal clear but I don't blame the counterparty devs for it. There is some strategy behind it... But still it would be nice to see more clarity here...

Matt Y

hero member

Activity: 647

Merit: 510

Counterpartying

Quote from: gumcruise on July 22, 2015, 01:36:35 PM

This feels like Franz Kafka "The Castle"...

Read the wiki on this, seems super interesting. Too bad it was never finished. That said, I couldn't even finish 1984 as it was too depressing. Wink

Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 84. (Read 1276789 times)