Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 85. (Read 1276789 times)

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

And looks like XCP will be able to finish smart contracts on mainnet soon, the first milestone of Ethereum is almost released.

Whats up with the counterparty wallet at  counterwallet.io?
I get a error.

failoverAPI: Call failed (failed over across all servers). Method: get_normalized_balances; Last error: JSON-RPC Error:
Type: Server error

Code: -32000

Message: Bad status code returned: '503'. result body: '{"message": "Server error", "code": -32000, "data": "Counterparty database is behind backend."}'.

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.

Also NASDAQ, NYSE, etc. There's so many more.

I think the only thing holding Counterparty back is the lack of a truly significant overlap between the financial sector and solid programming knowledge. Those that understand both the economic implications of Counterparty, and have an adequate grasp of Python and Bitcoin technology to know how it works... have a huge advantage right now. If Counterparty is given a chance to demonstrate its potential in this sector, then the benefits will be plainly evident to anyone. At this point the programming knowledge won't be necessary to be convinced.

The idea of 'magic code voodoo' and getting your opinions from cryptocurrency news sites and message boards massively sways price up and down. In fact, many statisticians have argued that volatility is caused by the media and not economics. 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.

Bitcoin has all the markings of a potential black swan event: (https://en.wikipedia.org/wiki/Black_swan_theory)

• Anti-fragility
• Decentralization
• Infinite growth potential
• High-profile
• All occurrences in the system so far are justified in hindsight as being fully explained

Slowly people realize that the Bitcoin blockchain is the only real option, and that Counterparty offers the most advanced way to use its features. I hope people will be inspired to contribute to the open source code of Counterparty and Counterwallet, because this technology has the potential to reach millions of individuals without access to banks or the financial system.

I would like to also draw attention to a project which will be compatible with Counterparty:

BitSIM aims to make Bitcoin and Counterparty accessible from any mobile phone (even non-smart phones!). http://www.bitsim.co/

If you're somehow not convinced, consider that even Bill Gates invested $100,000 in Bitcoin mobile technology:

https://bitsoko.co.ke/

https://leveloneproject.org/about-us/announcements/

There's a few blockchain startups amongst at Level39 London showcasing to UBS bank CIO recently, one company building a little ecosystem based around ripple is called tidal payments - https://dimes.io/ &  http://gateway.tools/ are two products they were working on alongside a smart wallet/exchange

not strictly related but Since gatewayd's deprecation (https://ripple.com/dev-blog/gatewayd-no-longer-available/) latter gateway tools might be useful for Symbiont's ripple -> counterparty bridges (if they are even still a thing anymore?)

Also http://www.coinsilium.com/ https://bnktothefuture.com/ are opportunities for raising additional capital if required. Factom took in 1 million $ in a couple of days with bnktothefuture. Coinsillium plans to open up on AIM


Those are some downright insane statements of confidence!!! Something is surely brewing...
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Indeed, the plan seems to be resonating significantly with those close to the applications of the technology.
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For sure. Blockchain/Smart contracting is hot right now. Just take a look at some of the big financial institutions working, or considering working on blockchain/smart contract pilots:


http://m.efinancialnews.com/story/2015-07-20/big-players-join-blockchain-gang-cme-deutsche-borse-markit-euroccp

^ the last 5, huge groups (DTCC alone handles the clearing of nearly $2 QUADrillion per annum!) just announced their interest in blockchain tech today

A single one of those entities incubating CounterParty Blockchain technology (even for something as simple as provenance) could really let it's true potential shine, whilst reaping enormous benefits for the applicator first to market

Indeed, the plan seems to be resonating significantly with those close to the applications of the technology.

Those are some downright insane statements of confidence!!! Something is surely brewing...

http://www.octafinance.com/symbiont-io-1-24-million-financing-robert-odell-released-jul-14-sec-filing/

Further financial backing announced for Symbiont.

http://www.thestreet.com/story/13221075/1/atlantic-merchant-capital-makes-investment-in-fintech-startup-symbiont.html


Technically yes, but you need a language to script said contracts in. Serpent is a fine match and compatibility makes total sense (for both projects, actually)

I thought smart contracts and Ethereum scripting compatibility were separate features that could exist independently of each other.  No?

I asked Chris about this. Apparently there is a compatibility issue with Python 2 and 3 and some other stuff. Holding pattern until they see what Ethereum releases and then they conform to whatever the release is. Is my new understanding.

Will PM you 

I have a background in software and I've spent an obscene amounts of time researching alts over the past year or so.  At this point I have a very good understanding of the scene, the software, and its application/implementation.  XCP has been my #1 investment pick for a long time, but there are others.  Please PM me if you'd like to discuss favorite picks (if we discuss them here we'll look like a bunch of pumpers).

I'm only posting this in this thread because I figure anyone picking XCP most likely has other excellent picks as well.

If the pull request will fork the etherium if they don't accept it, then I think they will not accept it after launch cause they certainly don't want to hard fork just after launching. In the other hand, if they don't care about hard forking in the initial stage, then they may do some breaking changes after smart contract being enabled in counterparty mainnet. in that case, does counterparty do a hard fork too? Therefore, I don't think there's a chance to be fully compatible with etherium after their launch if we cannot do it now.

And it's about time!

"Banks Forgot Who Was Supposed to Own Dell Shares"

Source: http://www.bloombergview.com/articles/2015-07-14/banks-forgot-who-was-supposed-to-own-dell-shares

No?

They don't want to fork it so that if/when ethereum fails all the Daap devs can migrate to Counterparty without rewriting anything. Ethereum is not accepting pull requests from Counterparty until after launch.

At least that's my understanding of it.

Well, my deposit got stuck:


Seems like this deposit got orphaned on our end due to some blockchain issues... I'm working on fixing it but it might take a bit. Never had this happen to a XCP deposit before.

Thanks,
Richie

Is that a joke?


Otonomos is a weak idea/execution.

Closely related article - www.coindesk.com/standard-chartered-exec-touts-blockchain-tech-for-trade-finance/

This space is about to explode. Counterparty will have a full featured (thanks to smart contracts) and open platform. From that perspective it is great to have the infrastructure of the Counterparty Protocol, the Counterparty Foundation, Symbiont and any other company that wants to use and support Counterparty as a backend.

The ability of Counterparty to migrate to the blockchain du jour is a powerful asset too.

The likes of Blockstream (side-chains), Factom and Ethereum are too generic. Counterparty has always been and will continue to target financial services.

Counterparty: The rails of a new transparent planetary financial system.