Is Counterparty overvalued? | Bitcointalksearch.org

panonym

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Quote from: kdrop22 on February 20, 2014, 07:18:06 PM

Counterparty Valuation

Counterparty has an inbuilt platform for trading assets and issuing stock, dividends.

Market cap of all companies listed on
NASDAQ: 4.4 Trillion
NYSE: 14.2 Trillion
Assuming 10 years in the future 10% of those stocks are traded on Blockchain based platforms.
That would put 1860 Billion being traded on top of these platforms. (This is the networth of all the stock). However, the platform itself will only capture a portion of this networth.
Assuming 1% is captured by the platform -> that would make it 18.6 Billion.
Let's say there are other competitors and conterparty only captures 20% of the this market -> 3.7 Billion.
Right now the market cap of Counterparty < 30 Million.

So, there is theoretical basis for a 100X return or higher.

+1
Nice post

A bit of a dream, but who knows.
Hopefully I will have keep enough of them if this day come Wink

choochimil

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I was just about to buy some on poloniex when it was taken down yesterday. After reading why it went down, I don't think i'll buy in now. Perhaps it's overvalued now.

kdrop22

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Quote from: r0ach on February 20, 2014, 07:34:05 PM

Quote from: kdrop22 on February 20, 2014, 07:18:06 PM

So, there is theoretical basis for a 100X return or higher.

It's also theoretically possible that Bitcoin protocol changes, rendering Counterparty dysfunctional. Such is the problem of a "coin" without a block chain.

What if BTC didn't change, but Litecoin, or some other coin takes over, and people stop using BTC? There's all kinds of things that can go wrong.

It is possible to implement the Counterparty protocol on top of other Proof of work, AltCoin block chains (there is some further info on the counterparty FAQ on this).
Yes, there is always a risk. However, one is better of investing in a distributed market for financial instruments and derivatives, rather than the next clone of catcoin.

r0ach

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Quote from: kdrop22 on February 20, 2014, 07:18:06 PM

So, there is theoretical basis for a 100X return or higher.

It's also theoretically possible that Bitcoin protocol changes, rendering Counterparty dysfunctional. Such is the problem of a "coin" without a block chain.

What if BTC didn't change, but Litecoin, or some other coin takes over, and people stop using BTC? There's all kinds of things that can go wrong.

kdrop22

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Activity: 238

Merit: 100

Counterparty Valuation

Counterparty has an inbuilt platform for trading assets and issuing stock, dividends.

Market cap of all companies listed on
NASDAQ: 4.4 Trillion
NYSE: 14.2 Trillion
Assuming 10 years in the future 10% of those stocks are traded on Blockchain based platforms.
That would put 1860 Billion being traded on top of these platforms. (This is the networth of all the stock). However, the platform itself will only capture a portion of this networth.
Assuming 1% is captured by the platform -> that would make it 18.6 Billion.
Let's say there are other competitors and conterparty only captures 20% of the this market -> 3.7 Billion.
Right now the market cap of Counterparty < 30 Million.

So, there is theoretical basis for a 100X return or higher.

panonym

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I've been away a while.
So it seem XCP arrived on a easy centralized exchange.
I didn't know about Poloniex existence.
Just googled it.

Poloniex btc_xcp show me btc_nxt. Temporary bug?
Or Is there something I should know about xcp/nxt exchange?
Thanks for sharing the knowledge Wink

BTCWizard

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overvalued? Are you joking? It's the most fair and innovative project since Bitcoin.

It's build on top of the Bitcoin protocol, first decentralized working exchange, bitcoins where burned so fair distribution of the coins, assets, bets, feeds, fully opensource,...
I would look up what it is before starting a topic like this. Roll Eyes

Uniqueorn

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NXT.org

Quote from: cebb on February 18, 2014, 09:34:01 AM

It is going to overtake mastercoin and nxt for sure. It is an opensource thats its biggest advantage over nxt and mastercoin.

NXT is open source, please get your shit researched

HinnomTX

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IMO Counterparty is undervalued (full disclosure: I own XCP). To be fair, XCP has been on Poloniex just a few days, and so the fair market value really can't be determined anyway. Think DOGE right after it hit Cryptsy. Boom, crash, boom.

There are just a few coins that I'm willing to hold long term: BTC, NXT, XCP, and DRK. I also have some VTC which is currently being trampled by Pandas. All of these coins (except Panda) offer or have a credible road map to offer something distinctive. The other 95% of alt-coins are for miners and are trading vehicles; they have no additional utility beyond Bitcoin.

Anotheranonlol

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Quote from: CryptoReaper on February 17, 2014, 05:27:38 PM

I don't see what Counterparty is doing better than other currencies such as Nxt yet the price has exploded recently. Is there any future in this currency?

You talked about NXT. NXT Bootstrap was between ~70 unique addresses, raised approx 23BTC prior to working application, prior to any open source implementation and is now sitting with a market cap of 95,983 BTC

By contrast CounterParty (XCP) raised around 100x amount nxt had raised, from a much broader user base ~2,600 unique addresses- providing open source, working implementation of world-first Decentralised exchange right from the start. Fair. Transparent. The current market cap is less than 1/3 of NXT. The protocol has real utility

I personally find it absolutely incredulous to see the wealth disparity between the largest holders of NXT and the 'joe public. However I cannot criticise at all NXT vision, the currency itself. the developers, and think their community is excellent.

Anyway, the question Is there any future in CounterParty however can be answered simply with a resounding yes.

coinopolis

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Quote from: CryptoReaper on February 17, 2014, 05:27:38 PM

I don't see what Counterparty is doing better than other currencies such as Nxt yet the price has exploded recently. Is there any future in this currency?

Its got a decentralized exchange. Don't think the others have that.

matt608

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Could someone please explain how XCP tie in to the counterparty system. Do you need XCP to be able to use counter party? What are the XCP 'for'? What benefits do holders of XCP receive, any dividends? Thanks.

cebb

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It is going to overtake mastercoin and nxt for sure. It is an opensource thats its biggest advantage over nxt and mastercoin.

relm9

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Did you do any reading on it at all before making this topic? It is the first to implement a decentralized exchange.

CryptoReaper

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I don't see what Counterparty is doing better than other currencies such as Nxt yet the price has exploded recently. Is there any future in this currency?

Topic: Is Counterparty overvalued? (Read 906 times)