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 July 08, 2015, 06:37:47 PM
Hello what happened in counterwallet? There are conversations going on about this in the slack and the skype chat. It appears it has to do with the massive amount of BTC transactions today and the recent BTC update. Possible solution is raising the miner fees, i am just getting back into the office so i am still collecting the information from the day and will share it here please fix the problem failoverAPI: Call failed (failed over across all servers). Method: get_normalized_balances; Last error: JSON-RPC Error: Type: Server error Code: -32000 Message: Got call_jsonrpc_api request error: timed out July 08, 2015, 11:56:14 AM
Hello what happened in counterwallet?
please fix the problem failoverAPI: Call failed (failed over across all servers). Method: get_normalized_balances; Last error: JSON-RPC Error: Type: Server error Code: -32000 Message: Got call_jsonrpc_api request error: timed out July 08, 2015, 06:18:18 AM
XCP wallet not working? This is the error message I get: failoverAPI: Call failed (failed over across all servers). Method: get_normalized_balances; Last error: JSON-RPC Error: Type: Server error Code: -32000 Message: Got call_jsonrpc_api request error: timed out This is exactly what I've been getting for about 3 days when I actually manage to get in. (+ 'API method: create_send' below the above) Any update on this situation??? July 08, 2015, 12:37:19 AM
http://www.thedailybeast.com/articles/2014/03/31/speed-reading-michael-lewis-s-flash-boys.html
Quote A lot of the high-frequency traders, which Lewis asserts are at the heart of billions of dollars in costs are companies were unknown entities to many on Wall Street, let alone the general public. Companies (some now defunct) like Getco, Citadel, Hudson River Trading, Eagle Seven, Simplex Investments, Evolution Financial Technologies, Cooperfun, and DRW aren’t the bigshots featured in columns haranguing bankers in The New York Times. And yet at one point, says Lewis, Getco was responsible for 10 percent of the stock market. http://symbiont.io/niederauer-backs-smart-securities-startup-symbiont/ Quote Niederauer was joined by former co-head of trading at Citadel Matt Andresen, Getco founders Dan Tierney and Stephen Schuler, Allied World Assurance Company CEO Scott Carmilani, and Celeridem FinTech Fund. A Series A round of institutional investment is expected to close in the third quarter. Flash Boys is a great book. July 07, 2015, 05:15:00 PM
Can't login again. Why there are so much login problems now?
July 06, 2015, 06:07:14 PM
The servers being down are currently being looked into, I will keep everyone informed Everything seems to be working again  July 06, 2015, 04:46:30 PM
The servers being down are currently being looked into, I will keep everyone informed
July 06, 2015, 03:20:21 PM
XCP wallet not working? This is the error message I get: failoverAPI: Call failed (failed over across all servers). Method: get_normalized_balances; Last error: JSON-RPC Error: Type: Server error Code: -32000 Message: Got call_jsonrpc_api request error: timed out Any ideas? same with me, i cant login. error Quote failoverAPI: Call failed (failed over across all servers). Method: get_normalized_balances; Last error: JSON-RPC Error: Type: Server error Code: -32000 Message: Got call_jsonrpc_api request error: timed out July 06, 2015, 02:22:52 PM
Same here. Related to the BTC fork?
July 06, 2015, 01:37:11 PM
XCP wallet not working?
This is the error message I get: failoverAPI: Call failed (failed over across all servers). Method: get_normalized_balances; Last error: JSON-RPC Error: Type: Server error Code: -32000 Message: Got call_jsonrpc_api request error: timed out Any ideas? July 04, 2015, 09:09:26 AM
Counterparty is a proud member of top20 cryptocurrencies Index Coinoindex.com, which can be traded at Poloniex exchange now.  July 01, 2015, 08:54:16 PM
For those that don't already know, Symbiont is currently hiring developers in the New York area. We're looking in particular for a front-end/full-stack web dev.; but we're also interested in other applicants with experience developing cryptocurrency and distributed systems software. Shoot me an e-mail or a PM if you think you'd be a good fit!
See Stack Overflow Careers for a detailed job description for the front-end spot. July 01, 2015, 08:22:45 AM
I missed this on Symbiont's Twitter, from June 22:
Quote The former head of the New York Stock Exchange is among veteran trading executives who are backing a start-up that aims to use the type of technology that underpins bitcoin for securities issuance and trading. Duncan Niederauer, the previous chief executive of NYSE, is part of a group that has produced $1.25m of seed money for Symbiont. The other members are Matt Andresen, trading head at Citadel who founded the Island ECN, and Getco founders Dan Tierney and Stephen Schuler. June 29, 2015, 01:02:02 PM
Good, thanks you all
 June 29, 2015, 10:35:20 AM
How will Counterparty handle the tx volume in markets Symbiont is aiming at (settlement infrastructure?)? Isn't Counterparty limited to Bitcoin's 7 tx per second? There won't be an issue with transaction volume for a while. It's not going to be... 1. Launch 2. Tons of business and issues of multiple transactions a second It's still going to take time. Additionally, the block size increase that is being put in place soon will help alleviate that pain point. The block size increase might help to make 140 out of the 7 tx (1 mb -> 20 mb) per second but that is still minuscule compared to the markets Counterparty is aiming at. TX/S have to be in the thousands at least... Trading takes much more volume than eccommerce / remittance (bitcoin use cases). Not that long term. June 29, 2015, 09:54:03 AM
An improvement from 3 days to 1 hour isn't enough for you guys? spoiled...
 . And besides, off-chain transactions and Ripple gateway usage gives you real-time transactions. Therefore, 10 minute block times are a feature, not an issue.And besides, as far as I know, what Counterparty is especially useful for are high-volume transactions ($100,000 and up) rather than micropayments to angry birds or whatever. June 29, 2015, 06:54:20 AM
How will Counterparty handle the tx volume in markets Symbiont is aiming at (settlement infrastructure?)? Isn't Counterparty limited to Bitcoin's 7 tx per second? There won't be an issue with transaction volume for a while. It's not going to be... 1. Launch 2. Tons of business and issues of multiple transactions a second It's still going to take time. Additionally, the block size increase that is being put in place soon will help alleviate that pain point. The block size increase might help to make 140 out of the 7 tx (1 mb -> 20 mb) per second but that is still minuscule compared to the markets Counterparty is aiming at. TX/S have to be in the thousands at least... Trading takes much more volume than eccommerce / remittance (bitcoin use cases). DTCC who clears about $1.8 quadrillion dollars yearly, or roughly equivalent of the U.S. GDP every three days undertook a study on the transisition to t+2 settlement and identified huge merits in the transition to 2 day settlement http://www.bloomberg.com/news/articles/2012-05-22/dtcc-plans-study-on-faster-settlement-for-u-s-securities-1- so bear in mind even t+0 (same day settlement) is still a huge improvement compared to previous 3 (or more) day settlement, granted this on a much smaller scale with gavins proposal, blocksize would double every 2 years, so something like this: Code: 2016 8MB 0.1Mb/s 26Tx/s Right now there is a theoretical ceiling of 604,800 bitcoin transactions that could be undertaken every day. By 2016 that could be 2.2 million, by 2018 4.57 million, 2020 9 million , and 2024, 36 million. There's a lot of space to grow and a lot of time to pass in which numerous innovations could come to existance, sidechains, lightning networks are a few 'transaction offloading schemes we've seen recently. I am not worried about scalability just yet. Counterparty does not have to be used as a real time trading layer when that could be offloaded through gateways, it can be used as a final clearing, netting and settlement layer- or as an initial asset issuance/ equity ownership database for example. Jump to:
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