Topic: Is CounterParty (XCP) severely undervalued? (Read 7678 times)
Very nice post. Good call. XCP is up something like 300% past 12 months. Still tons of runway. BTC can greatly benefit from the development of the XCP platform. I am looking forward to contributing to this project...has been "off my radar" for a bit.
I wish there was some more definitive information. the symbiont / XCP uptrend can't be denied, though.
August 4th 2015
http://www.bloomberg.com/news/articles/2015-08-04/wall-street-meet-block-368396-the-possible-future-of-finance
For those who aren't familiar with the last two ex citadel Symbiont Investors (Dan Tierney and Stephen Schuler) they paid out $1.4 billion to merge with Knight Capital , the merged company, KCG holdings accounted for approximately 14.0% of consolidated U.S. equity share volume last quarter.
Some more relevant information about the firm:
August 5th, 2015
http://blogs.wsj.com/moneybeat/2015/08/05/bitbeat-smart-contracts-land-on-wall-street/
Bear in mind, DTCC alone handles the clearing of nearly $2 QUADrillion per annum!) or equivalent to the entire US GDP every three days. And they are not the only institution with eyes on blockchain tech, here is a list of some others working on pilots.
Recent news pushed the XCP price up to 0.01. CounterParty is currently trading down -27.31% and again a sub $5 million market cap at 0.0067.
I believe at this moment, with a long term purview- predicting expected value XCP remains undervalued. I submit to any readers that factoring in latest developments at this price range (0.006), it is a clear candidate for a long term buy and hold. It may well go lower, but I believe it will also go higher.
I would be interested in engaging with anyone who disagrees and hearing their opinion why they think that is not the case.
Cryptocurrencies are maturing into a new phase and scrypt forks & quick flips of gimmick IPO's on bittrexx have long since not being enough. Projects like this represent a rare early investment window in the nascent cryptofinance space. I will continue to post back on this thread on occasion with latest news and developments in the CounterParty world.
http://www.bloomberg.com/news/articles/2015-08-04/wall-street-meet-block-368396-the-possible-future-of-finance
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In June, Symbiont raised $1.25 million from a group of investors including former NYSE chief Duncan Niederauer; former Citadel LLC executive Matt Andresen; two co-founders of high-frequency trading firm Getco LLC, Dan Tierney and Stephen Schuler; and SenaHill.
“Today is the day crypto joins Wall Street,” Symbiont Chief Executive Officer Mark Smith said to the room full of investors, bankers and reporters in New York. Representatives of JPMorgan Chase & Co., Morgan Stanley and other financial institutions were among the audience members
“Today is the day crypto joins Wall Street,” Symbiont Chief Executive Officer Mark Smith said to the room full of investors, bankers and reporters in New York. Representatives of JPMorgan Chase & Co., Morgan Stanley and other financial institutions were among the audience members
For those who aren't familiar with the last two ex citadel Symbiont Investors (Dan Tierney and Stephen Schuler) they paid out $1.4 billion to merge with Knight Capital , the merged company, KCG holdings accounted for approximately 14.0% of consolidated U.S. equity share volume last quarter.
Some more relevant information about the firm:
Quote
KCG's strategic investments include a 15.2 percent stake in BATS Global Markets Inc. and a 19.9 percent stake in Direct Edge Holdings LLC. During the third quarter, BATS and Direct Edge agreed to merge. As of September 30, 2013, KCG had approximately $798.7 million in cash and cash equivalents. Aggregate long- and short-term debt was approximately $970 million. The company had $1.5 billion in stockholders' equity equivalent to a book value of $12.34 per share and tangible book value of $10.63 per share
Quote
BATS Global Markets Inc. took a big step into the currency market on Wednesday with the acquisition of a trading venue called Hotspot FX.
The Lenexa, Kan.-based exchange operator agreed to buy Hotspot for $365 million in cash from KCG Holdings Inc. Both parties will share tax benefits, which could result in up to $70 million in further payments to KCG. The deal is scheduled to close in the second quarter of this year.
The Lenexa, Kan.-based exchange operator agreed to buy Hotspot for $365 million in cash from KCG Holdings Inc. Both parties will share tax benefits, which could result in up to $70 million in further payments to KCG. The deal is scheduled to close in the second quarter of this year.
August 5th, 2015
http://blogs.wsj.com/moneybeat/2015/08/05/bitbeat-smart-contracts-land-on-wall-street/
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This is, to our knowledge at least, the first time a financial service based on the technology that underlies bitcoin has been launched that directly targets services offered in the existing financial world. Not that Wall Street sees it as a threat, apparently. Both Mr. Byrne and Symbiont CEO Mark Smith said they have serious interest from myriad parties on Wall Street, and plan to license out their technology.
In the morning, Symbiont unveiled its Smart Securities platform at a small gathering off Wall Street at the offices of the financial-services firm Capco that was attended by investors in the firm, representatives of financial services like the clearing-house service Depository Trust & Clearing Corp. (DTCC), Morgan Stanley, and UBS. The team gave a live demonstration of the platform, which included a handful of debt securities issued by SenaHill Partners (an investor in Symbiont), which were the first instruments to trade on the platform.
About 10 minutes after Mr. Smith began his presentation, the confirmation notice came across and he announced the trades had cleared. Such a system, he said later, takes counterparty risk down to “zero.”
In the morning, Symbiont unveiled its Smart Securities platform at a small gathering off Wall Street at the offices of the financial-services firm Capco that was attended by investors in the firm, representatives of financial services like the clearing-house service Depository Trust & Clearing Corp. (DTCC), Morgan Stanley, and UBS. The team gave a live demonstration of the platform, which included a handful of debt securities issued by SenaHill Partners (an investor in Symbiont), which were the first instruments to trade on the platform.
About 10 minutes after Mr. Smith began his presentation, the confirmation notice came across and he announced the trades had cleared. Such a system, he said later, takes counterparty risk down to “zero.”
Bear in mind, DTCC alone handles the clearing of nearly $2 QUADrillion per annum!) or equivalent to the entire US GDP every three days. And they are not the only institution with eyes on blockchain tech, here is a list of some others working on pilots.
Quote
CBW Bank
ANZ
Westpac
Commonwealth Bank of Australia
BNY MELLON
LHV Bank
Barclays
UBS
Goldman Sachs
ABN Amro
ING
RoboBank
SWIFT
Santander
Standard chartered
DBS
USAA
BBVA
KPMG
InfoSys Finacle
CitiBank
DTCC
Deutsche Borse
Markit
EuroCCP
CME
ANZ
Westpac
Commonwealth Bank of Australia
BNY MELLON
LHV Bank
Barclays
UBS
Goldman Sachs
ABN Amro
ING
RoboBank
SWIFT
Santander
Standard chartered
DBS
USAA
BBVA
KPMG
InfoSys Finacle
CitiBank
DTCC
Deutsche Borse
Markit
EuroCCP
CME
Recent news pushed the XCP price up to 0.01. CounterParty is currently trading down -27.31% and again a sub $5 million market cap at 0.0067.
I believe at this moment, with a long term purview- predicting expected value XCP remains undervalued. I submit to any readers that factoring in latest developments at this price range (0.006), it is a clear candidate for a long term buy and hold. It may well go lower, but I believe it will also go higher.
I would be interested in engaging with anyone who disagrees and hearing their opinion why they think that is not the case.
Cryptocurrencies are maturing into a new phase and scrypt forks & quick flips of gimmick IPO's on bittrexx have long since not being enough. Projects like this represent a rare early investment window in the nascent cryptofinance space. I will continue to post back on this thread on occasion with latest news and developments in the CounterParty world.
Go check Marc de Mesel's YT channel to find out what's wrong
June 9th 2015 - Symbiont raises $1.25 million from ex-NYSE CEO, ex-Citadel trader
http://www.reuters.com/article/2015/06/09/us-symbiont-blockchain-idUSKBN0OP28E20150609
http://www.ft.com/cms/s/0/0823a136-0ead-11e5-9ae0-00144feabdc0.html
Yes. Once more complex tools than simple private bond ownership to accredited investors are launched live in t0. Good news if you want to buy and hold, Price is low relative to all-time levels right now.
http://www.reuters.com/article/2015/06/09/us-symbiont-blockchain-idUSKBN0OP28E20150609
http://www.ft.com/cms/s/0/0823a136-0ead-11e5-9ae0-00144feabdc0.html
Is Project Medici still happening?
Yes. Once more complex tools than simple private bond ownership to accredited investors are launched live in t0. Good news if you want to buy and hold, Price is low relative to all-time levels right now.
the only useful way to price xcp is by expected value.
the targeted (securities) market is in market cap huge. you can try to estimate what percentage of the marketshare the symbiont/counterparty connection can achieve under what circumstances. I assume you get very little numbers percentage-wise, but due to the huge market cap of the targeted market it is still for a long time an investment with a positive expected value.
these analysis is probably useful for 3-4 coins which have intrinsic value.
the targeted (securities) market is in market cap huge. you can try to estimate what percentage of the marketshare the symbiont/counterparty connection can achieve under what circumstances. I assume you get very little numbers percentage-wise, but due to the huge market cap of the targeted market it is still for a long time an investment with a positive expected value.
these analysis is probably useful for 3-4 coins which have intrinsic value.
Is Project Medici still happening?
Most people seem to think that their favorite coin is undervalued, but it's usually not. If anything, it's usually overvalued.
Most people haven't picked a coin that has investments from an ex-NYSE CEO and the second largest hedgefund manager in the world. Or a team from Coinbase and Lockheed. Or a cooperation with the banking industry. Or the support of the founder of MathMoney f(x).
XCP is clearly undervalued.
Picked some up, looks promising!
Most people seem to think that their favorite coin is undervalued, but it's usually not. If anything, it's usually overvalued.
With the low proces of recently i decided to buy some a few days ago. Seems to have started a uphill climb, good to see there is actually a good explanation for this!
https://i.imgur.com/RPHRlK8.png
Last week, while everyone was Reddit arguing over the block size non-issue, a rather substantial piece of news slipped under the radar.
Symbiont Raises $1.25M Seed Funding from Former NYSE CEO for ‘Smart Securities’ on the Blockchain
As Bitcoin Magazine reports:
In March, Bitcoin Magazine reported that Counterparty founders had joined with MathMoney f(x) and its founder Mark Smith as co-founders of the new fintech company Symbiont
https://bitcoinmagazine.com/20836/ubs-bank-experimenting-smart-bonds-using-bitcoin-blockchain/
Last week, while everyone was Reddit arguing over the block size non-issue, a rather substantial piece of news slipped under the radar.
Symbiont Raises $1.25M Seed Funding from Former NYSE CEO for ‘Smart Securities’ on the Blockchain
As Bitcoin Magazine reports:
In March, Bitcoin Magazine reported that Counterparty founders had joined with MathMoney f(x) and its founder Mark Smith as co-founders of the new fintech company Symbiont
Quote
"We're also working on private blockchains and 'known' networks, as we think that might be a better application of the technology for some institutions. The idea with smart securities is that the battery comes included: to create contracts that can act on the blockchain autonomously, from issuance and corporate actions to decentralized secondary trading, clearing, settlement and transfer."
Smith says the early target is illiquid securities and funding activities — including both traditional venture-capital and crowdfunded private-equity transactions, as well as other applications like merchant banking, intercompany funding, and syndicated loans. The firm is already integrated into multiple tier-one banks' development programs and blockchain pilots. Many are focused on smaller use cases that don't already have processing intermediation in place, relying instead on spreadsheets and fax, and at least a few should be implemented by year's end.
Smith says the early target is illiquid securities and funding activities — including both traditional venture-capital and crowdfunded private-equity transactions, as well as other applications like merchant banking, intercompany funding, and syndicated loans. The firm is already integrated into multiple tier-one banks' development programs and blockchain pilots. Many are focused on smaller use cases that don't already have processing intermediation in place, relying instead on spreadsheets and fax, and at least a few should be implemented by year's end.
https://bitcoinmagazine.com/20836/ubs-bank-experimenting-smart-bonds-using-bitcoin-blockchain/
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Smart-bonds are one of the first publicly confirmed technologies the Swiss banking giant is said to be exploring since the launch of The innovation Lab in April to explore how blockchain technologies could improve the banking sector. The creation of the lab came after the publishing of an extensive report about the benefits of the blockchain by the international bank.
When the report was published, UBS Group CIO Oliver Bussmann told the Wall Street Journal, “I believe – and this is my personal view – that blockchain technology will not only change the way we do payments, but it will change the whole trading and settlement topic.”
When the report was published, UBS Group CIO Oliver Bussmann told the Wall Street Journal, “I believe – and this is my personal view – that blockchain technology will not only change the way we do payments, but it will change the whole trading and settlement topic.”
At this moment in time, XCP is the low 0.005x (0.0051-0.0052) range. I personally believe it's quite clearly oversold and would consider it a comfortable cold-storage purchase right now. .
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Is CounterParty (XCP) severely undervalued?
yes
And the answer is still yes at this point.
+1
I'm guessing > $100
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Is CounterParty (XCP) severely undervalued?
yes
And the answer is still yes at this point.
XCP sounds very interesting to me. Dedicated dev team by the sound of it, and this will be key to keeping things going.
They have the same motivation to make XCP succeed as any other serious investor. They put their own money into the project, instead of using investor funds. This ought to make them much more dedicated, since they have something to lose.
XCP sounds very interesting to me. Dedicated dev team by the sound of it, and this will be key to keeping things going.
Great work XCP team and without 25,000BTC.
- Added latest news updates--
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- In addition to purchase of blockchain-tradeable precious metals verified owners of physical gold bars and gold coins can now trade their gold for bitcoin (tradeable p2p via XCP) using the DigitalTangible’s Web Wallet and network of gold dealers for same day settlement. Partnered with premier precious metals dealer Agora Commodities, DigitalTangible now offers a completely FinCEN compliant precious metals route into bitcoins.
- Major milestone reached – the 100,000th transaction on the Counterparty network!
- Counterparty announced that its developers have successfully ported the Ethereum Project’s programming language over to the Counterparty platform, enabling users to save and execute Turing Complete Ethereum code on the Bitcoin blockchain
http://blogs.wsj.com/moneybeat/2014/11/12/bitbeat-bitcoin-2-0-firm-counterparty-adopts-ethereums-software/
- CounterWallet Chinese translation complete
- Rick Falkvinge, the author of Swarmwise (inspiration for Ethereum) and founder of the Pirate Party, plans on shaking up the world with his new project called SwarmOps, shares of which are available on CounterParty
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