Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread - page 94. (Read 1276789 times)
June 06, 2015, 01:36:39 AM
Would like an explanation and comments from the Counterparty official developers.
June 06, 2015, 01:01:51 AM
Whatever happened to this?
I'm a bit surprised, too.
This is the relevant comment:
Quote from: dexX7
Hey there, do you guys build on Counterparty (meta layer on top of Bitcoin)?
Quote from: juddbagley
No. We're using the Open Asset protocol. Specifically, Circle Colored Coins.
Edit:
Quote from: OverstockPressRelease
SALT LAKE CITY, June 5, 2015 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (Nasdaq:OSTK) became the first company to solicit qualified institutional buyers in a digital corporate bond which will trade using the same technology that underlies cryptocurrencies such as bitcoin. This pioneering development is part of the company's larger cryptofinance initiative known as Medici.
"The cryptorevolution has arrived on Wall Street," said Overstock.com CEO Patrick M. Byrne. "We're making it official by offering the world's first cryptosecurity."
Byrne went on to explain that a cryptosecurity is one that trades on a cryptographically-protected distributed ledger. In this case, buyers will be able to track their ownership on the bitcoin blockchain.
The issuance is powered by Overstock.com's TØ.com technology – a name that refers to the fact that trades on the system securely settle same day, as opposed to three days later -- or what Wall Street traders refer to as, "T+3". The TØ.com technology uses the Open Assets protocol.
According to Byrne, issuing the TIGRcub bonds on the TØ.com platform proves that cryptotechnology can facilitate transparent and secure access to capital by emerging companies. Byrne added that a circular informing investors of the cryptobond offering was distributed on June 1, 2015.
This offering is being made exclusively to qualified institutional buyers that meet the definition of "accredited investor" in compliance with Rule 506(c) of Regulation D under the Securities Act of 1933, as amended.
"The cryptorevolution has arrived on Wall Street," said Overstock.com CEO Patrick M. Byrne. "We're making it official by offering the world's first cryptosecurity."
Byrne went on to explain that a cryptosecurity is one that trades on a cryptographically-protected distributed ledger. In this case, buyers will be able to track their ownership on the bitcoin blockchain.
The issuance is powered by Overstock.com's TØ.com technology – a name that refers to the fact that trades on the system securely settle same day, as opposed to three days later -- or what Wall Street traders refer to as, "T+3". The TØ.com technology uses the Open Assets protocol.
According to Byrne, issuing the TIGRcub bonds on the TØ.com platform proves that cryptotechnology can facilitate transparent and secure access to capital by emerging companies. Byrne added that a circular informing investors of the cryptobond offering was distributed on June 1, 2015.
This offering is being made exclusively to qualified institutional buyers that meet the definition of "accredited investor" in compliance with Rule 506(c) of Regulation D under the Securities Act of 1933, as amended.
http://investors.overstock.com/phoenix.zhtml?c=131091&p=irol-newsArticle&ID=2056957
June 06, 2015, 12:01:47 AM
www.reddit.com/r/Bitcoin/comments/38pnfl/overstock_will_issue_a_private_bond_powered_by/
Wtf?
Does anyone else feel cheated?. I stuck with counterparty all this time, promoting it, evangelizing it and even recomennding it based on ovwrstock partnership while the price slid downhill consistently. Because if the news was true as implied the potential is still there long term regardless of the price now. Byrne and co pulled a fast one on counterparty investors with earlier hyperbolic statements and never had the balls to make a clear ststatement admitting those announcements are now false and likely have been for some time. Up until not so long ago byrne and Bagley were still talking about counterparty and nl they fkat out deny any involvement.
Whatever happened to this?
https://mobile.twitter.com/OverstockCEO/status/520254771890884608
Whatever happened to counterparty devs and byrne on stage together at inside bitcoins conference?
I watched probably a dozen interviews and presentations where it was confirmed counterparty was being implemented in some way. Why was a formal statement never made revealing ties had now been severed??
Counterparty devs were complicit in reassuring investors the deal is still on the table. Today we find out the 'rumors' were true all along: they did a 180 some time
ago, now we are up against them and NASDAQ. Bet insiders privvy to this were dumping whilst everyone else was excited over the hypeto. No wonder it crashed like it did despite apparent huge future promise based on earlier press releases, it was being pumped. Those relying on what they assumed were accurate and up to date public information were at a huge disadvantage and got burned big time.
Never expected this, thought this one was different from the usual dirty pump dump scheme but here we are
Wtf?
Does anyone else feel cheated?. I stuck with counterparty all this time, promoting it, evangelizing it and even recomennding it based on ovwrstock partnership while the price slid downhill consistently. Because if the news was true as implied the potential is still there long term regardless of the price now. Byrne and co pulled a fast one on counterparty investors with earlier hyperbolic statements and never had the balls to make a clear ststatement admitting those announcements are now false and likely have been for some time. Up until not so long ago byrne and Bagley were still talking about counterparty and nl they fkat out deny any involvement.
Whatever happened to this?
https://mobile.twitter.com/OverstockCEO/status/520254771890884608
Whatever happened to counterparty devs and byrne on stage together at inside bitcoins conference?
I watched probably a dozen interviews and presentations where it was confirmed counterparty was being implemented in some way. Why was a formal statement never made revealing ties had now been severed??
Counterparty devs were complicit in reassuring investors the deal is still on the table. Today we find out the 'rumors' were true all along: they did a 180 some time
ago, now we are up against them and NASDAQ. Bet insiders privvy to this were dumping whilst everyone else was excited over the hypeto. No wonder it crashed like it did despite apparent huge future promise based on earlier press releases, it was being pumped. Those relying on what they assumed were accurate and up to date public information were at a huge disadvantage and got burned big time.
Never expected this, thought this one was different from the usual dirty pump dump scheme but here we are
June 05, 2015, 09:17:46 AM
Counterparty is a part of top20 altcoin index Coinoindex.com
The index includes top 20 alternative cryptocurrencies with largest capitalization and tracks the value of the portfolio (in BTC) in which each coin has a 5% share.
The index was created to be an analogue of Dow-Jones or S&P indexes for the altcoins arena.
Rules of index composition:
- Coin should be traded at at least three exchanges, with cumulative daily volume above $1,000 for last 14 days
- Coins that track a value of a certain asset (USD, CNY etc) cannot be included.
- Each coin in included in the portfolio with the same weight.
You can invest in the index by using NXT Asset Exchange, NXT Asset ID 13634675574519917918
Asset tracks the index value, and constant buy/sell liquidity is maintained.
You can invest using NXT cryptocurrency (you can exchange BTC to NXT directly in the NXT client from http://multigateway.org/ or at http://coinomat.com) or BTC at https://trade.secureae.com/
The index includes top 20 alternative cryptocurrencies with largest capitalization and tracks the value of the portfolio (in BTC) in which each coin has a 5% share.
The index was created to be an analogue of Dow-Jones or S&P indexes for the altcoins arena.
Rules of index composition:
- Coin should be traded at at least three exchanges, with cumulative daily volume above $1,000 for last 14 days
- Coins that track a value of a certain asset (USD, CNY etc) cannot be included.
- Each coin in included in the portfolio with the same weight.
You can invest in the index by using NXT Asset Exchange, NXT Asset ID 13634675574519917918
Asset tracks the index value, and constant buy/sell liquidity is maintained.
You can invest using NXT cryptocurrency (you can exchange BTC to NXT directly in the NXT client from http://multigateway.org/ or at http://coinomat.com) or BTC at https://trade.secureae.com/
http://coinoindex.com - Cryptocurrency Industrial Average
June 03, 2015, 11:53:47 PM
What is stopping me from modifying the Counterparty installation on my system to provide all of the same functionality without burning XCP?
you'll need to come up with something that works way better. Back in the days when MSC had only whitepaper, sending functionality and blockexplorer, XCP was launched with somewhat working Asset, DEx, Bet in commandl-ine mode, not to mention prove of burn that generated a lot of interest. A few days later, blockscan, desktop wallet UI were made by the community. Poloniex started trading XCP while MSC was still traded in a MSC-only exchange. Then the rest is history.
June 03, 2015, 12:30:09 PM
What is stopping me from modifying the Counterparty installation on my system to provide all of the same functionality without burning XCP?
The network effect. It would be a one person party that's implementing updates from the real dev team.
June 03, 2015, 11:27:23 AM
What is stopping me from modifying the Counterparty installation on my system to provide all of the same functionality without burning XCP?
June 03, 2015, 10:15:53 AM
Hello everyone 
Robert here
I have just launched a new weekly XCP update show, so if anyone has any news or stories relating to XCP please email me [email protected] and also let me know what you think of the pilot episode, thanks!
https://letstalkbitcoin.com/blog/post/xcp-weekly-update-episode-1
Robert hereI have just launched a new weekly XCP update show, so if anyone has any news or stories relating to XCP please email me [email protected] and also let me know what you think of the pilot episode, thanks!
https://letstalkbitcoin.com/blog/post/xcp-weekly-update-episode-1
Amazing project, thanks for making it.
One thing I wanted to ask is, in the Reddit discussion someone said that XCP's value wouldn't necessarily increase even if its popularity rises because XCP is not meant as a currency. What do you think?
If the utility of XCP increases, the price will rise. So instead of people transacting you're looking for smart contracts on mainnet and people using them, with a side dish of speculation.
June 03, 2015, 09:57:58 AM
Hello everyone Robert here
I have just launched a new weekly XCP update show, so if anyone has any news or stories relating to XCP please email me [email protected] and also let me know what you think of the pilot episode, thanks!
https://letstalkbitcoin.com/blog/post/xcp-weekly-update-episode-1
Robert hereI have just launched a new weekly XCP update show, so if anyone has any news or stories relating to XCP please email me [email protected] and also let me know what you think of the pilot episode, thanks!
https://letstalkbitcoin.com/blog/post/xcp-weekly-update-episode-1
Amazing project, thanks for making it.
One thing I wanted to ask is, in the Reddit discussion someone said that XCP's value wouldn't necessarily increase even if its popularity rises because XCP is not meant as a currency. What do you think?
Do you think that only "currency" can rise? - You're wrong. Any valuable asset can rise. XCP has a bright future because it's unique
June 03, 2015, 05:03:54 AM
Hello everyone Robert here
I have just launched a new weekly XCP update show, so if anyone has any news or stories relating to XCP please email me [email protected] and also let me know what you think of the pilot episode, thanks!
https://letstalkbitcoin.com/blog/post/xcp-weekly-update-episode-1
Robert hereI have just launched a new weekly XCP update show, so if anyone has any news or stories relating to XCP please email me [email protected] and also let me know what you think of the pilot episode, thanks!
https://letstalkbitcoin.com/blog/post/xcp-weekly-update-episode-1
Amazing project, thanks for making it.
One thing I wanted to ask is, in the Reddit discussion someone said that XCP's value wouldn't necessarily increase even if its popularity rises because XCP is not meant as a currency. What do you think?
June 03, 2015, 02:24:46 AM
Hello everyone Robert here
I have just launched a new weekly XCP update show, so if anyone has any news or stories relating to XCP please email me [email protected] and also let me know what you think of the pilot episode, thanks!
https://letstalkbitcoin.com/blog/post/xcp-weekly-update-episode-1
Robert hereI have just launched a new weekly XCP update show, so if anyone has any news or stories relating to XCP please email me [email protected] and also let me know what you think of the pilot episode, thanks!
https://letstalkbitcoin.com/blog/post/xcp-weekly-update-episode-1
June 01, 2015, 11:50:07 AM
Does usage of Counterparty's smart token system burn any XCP?
I assume you are referring to smart contracts? Then yes. Xcp is used as gas for the contract execution
Aren't Counterparty's smart tokens completely distinct from its smart contracts?
Yes, the tokens are separate. The "smart" terminology is a bit confusing. You can just call tokens, tokens. That way there will not be confusion with the smart contracts, which, as Matt mentioned, will use XCP as gas.
Tokens are .5 XCP to create. The XCP is burned.
June 01, 2015, 08:23:48 AM
Does usage of Counterparty's smart token system burn any XCP?
I assume you are referring to smart contracts? Then yes. Xcp is used as gas for the contract execution
Aren't Counterparty's smart tokens completely distinct from its smart contracts?
May 31, 2015, 10:17:54 PM
Does usage of Counterparty's smart token system burn any XCP?
I assume you are referring to smart contracts? Then yes. Xcp is used as gas for the contract execution
May 31, 2015, 01:46:20 PM
Is it possible for Counterparty to utilize the speed of the lightning network ? For example, 2 parties trusting the same lightning pool.
I don't know. I would only say that the white paper is v 0.5, so whatever happens with the actual technology is probably quite a way out. Anyone know more?
May 31, 2015, 01:23:01 PM
Is it possible for Counterparty to utilize the speed of the lightning network ? For example, 2 parties trusting the same lightning pool.
May 29, 2015, 01:28:38 PM
Does usage of Counterparty's smart token system burn any XCP?
Nonnumerical asset creation carries a .5 XCP fee, currently. That fee can be adjusted, if needed.
May 29, 2015, 01:17:55 PM
Does usage of Counterparty's smart token system burn any XCP?
May 28, 2015, 10:23:39 AM
nice conversation on reddit also - even as a first week burner it is extremely complicated to follow all developments in counterparty
https://www.reddit.com/r/Bitcoin/comments/37k4uw/so_did_you_know_ethereum_was_released_on_the/
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