Topic: Is CounterParty (XCP) severely undervalued? - page 3. (Read 7680 times)

Lol, Stellar can't do anything right now, its a clone of Ripple except with all of the functionality apart from holding STR removed.

Ripple has some useful functions, but it isn't really comparable as its designed for totally different purposes; for example ripple has no dividend payment features, no trustless betting etc.

This thread is great
I am happy to learn about counterparty

I'll play a bit with the wallet and see how it goes

Looking into the forum I see the community is not that big compared to the other crypto2.0 (Like Nxt, bitshares & Ethereum, its more of the size of NEM that didnt do nothing actually)

In what sense? Ripple and stellar seem to be vastly different.

* You can't issue smart property on ripple or steller ( I know there's codius for contracts)
* You cant pay, or receive dividends in BTC or native assets on ripple or stellar
* it's not compatible with bitcoin blockchain, IE it can't natively interface, transfer assets to paper or otherwise 'offline' wallets. Everything remains in the ripple ecossytem
* Ripple/stellar system is some weird clunky network of trust gateways working with debts and IOUs
* Ripple labs, stellar partners own the vast majority of the tokens, making that token unsuitable as an investment, (riiple just released huge amount yesterday * after hearing BTSX pushed them out the way on coinmarkercap, inflating all existing holders stakes) - counterparty is deflationary by nature
No hedging, feeds, CFD's betting with ripple/stellar

etc

CounterParty is perfect for fundraising & trading, you don't need to trust any guys like Mark karpeles that the exchange platform is secure. Nobody can get goxxed with counterparty as your bitcoins are under your own possesion. You don't need to worry about SEC shutdowns for trading bitcoin assets, like with what happened to BTCTC and BitFunder. The counterparty protocol automatically escrows many trades on the DeX.- With the addition of multisig now some interesting new opportunities emerge.

Same here, I've been curious about Counterparty for a while now. This thread stoked my interest, I will have to look into it some more. It does seem rather undervalued right now.

Added latest news relating to multisig support being enabled in CounterParty testnet.
With this feature, Counterparty users can include escrow agents, auditors or other third-party certifiers in transactions.

Counterparty has many ways to store the data, and there is no risk involved in this case whatsoever. It's just that the methods required to store the data will have to become more convoluted... 

I think it has promise because its built for the long term. Just look at the way it was launched. 

We don't understand this space yet, we can't. It is going too fast, the ramifications are too large and the even horizon too near. This is like the internet on steroids and once it really gets going we will look back at these times in disbelief (barring a catastrophe). I think most of the alts will just disappear, and some will be used in small communities (or as local currencies perhaps).

I think there is going to be a subset of alts that are anonymous. Yes, you can use Darkwallet and such, but that technology, from what I understand, is behind ring signatures used in CryptoNote. (And I prefer not to keep all my eggs in one basket. It is nice to have something NOT at all based on BTC.) A few of these anonymous currencies will probably still be around in a couple of years and if you guess/research right, well you know. Rptiela did his HW on it and then I read a bunch and it by far is the best anonymous coin. The best doesn't always win but I'll go with a coin with a very strong development community behind it, taking things slow, no instamine/premine, not getting into marketing (too soon), etc.

Separate people who pump things for sheer profit/trading from those who did their HW and happen to be in the same coin. There are plenty of evangelists regarding BTC and alts but see the truth in the false if need be. You never know where truth finds itself. Not meaning to pump, I have not traded in and out of these coins (though I considered it with the recent rise, but the orderbook has been so thin.) Getting to the point where I hardly even trade, just too tough to call and when I do trade I only use a percentage of my holdings.

And for sure some of the 2.0 coins will succeed, but will their tokens appreciate as BTC does? I believe so, but it is too early to really know, we need to do an in depth analysis here once we see where the space is going (My bet is we will have a very good idea within 6-18 months). I think a little bit of diversity is safe, not to mention exciting. It is a fun space to be in and to look back on it years from now, if it does what the writing on the wall spells out, it would have been a very memorable thing to have taken part in.

Its about sharing

Nice thread, I have been wondering about Counterparty myself for quite some time.

Isn't there some sort of risk involved with the BTC devs not wanting to "play nice" with Counterparty? I remember reading something about a limitation put on the amount of data CP could store.

You really like XMR? I have to admit, I am turned off by the mindless borg-like crowds that pump it day and night. To me that's the telltale sign of a coin that doesn't have anything going on for it at the core, but maybe I am wrong from time to time.

It will be interesting to see how much more steam the whole altcoin world has left in it, and to find out exactly what point in the bubble we were at now. I hope its still the first 25%.

I think it is still ahead of its time, as is BTC and Cryptos in general. So, the 2.0 stuff is really not on anyone's radar. And the Pump & Dump mentality is still strong and perhaps
guiding much of the market.

I've heard using BTC to purchase other Cryptos in the wallet can take one or two hours as they are waiting for 5 or 6 confirmations (due to potential for a blockchain rollback.)
But, when using XCP, the transaction is maybe 5-10 minutes(?)

I think buying a few XCP for future investment, asset purchases, etc. is a wise decision. But only use a very small % of your overall BTC holdings.
I'd like to have maybe 5% of my BTC in NXT, XCP and Ether and another 5%-10% in other Cryptos (e.g. The anonymous XMR, maybe some LTC, and a couple of other up and comers.)

IAS

e and wait again, etc. Small increments, because he might decide to pay you the first and second, to scam a bigger tranche. Always suspect if he doesn't accept to trade in small tranches.

If it was undervalued then, its a steal now.

I don't get it either. Their platform is rather beautiful compared to some others, their innovations involve real-world applications and they've got some solid backing.

I still need to learn how to designate feeds for determining bet outcomes.

I'm also not particularly concerned with short-term pricing either. This is absolutely a long coin. If someone was concerned only with short term pricing they could of taken the advantage to dump when it was trading 900% higher.

I'm fascinated with the disruptive potential of the technology, exactly what drew me and so many others towards Bitcoin.

The developers have been storming forward on CounterParty, despite lacking the big name backers, or foundation funds of Mastercoin they thrashed them to market with the world's first working decentralised exchange whilst other players were in whitepaper stage. Any time the slightest negative incident has happened the developers have came through (e.g in cases of lost funds they've refunded out of their own pockets) I have not seen this kind of action from any other alt-coin developers

Undervalued refers to 'under-appreciated' as much as refers to the btc/dollar denominated market cap.

the reasoning given by alex is probably not the worst one  

I made a statement regarding counterparty a billion times in this forum: it is without a doubt one of the best projects regarding, capability, fairness, openess, innovation, driven by excellent and intelligent developers. until now it lacked marketing, but I think they now have the right guy for that.

I do not think this needs to become an advertisment thread, the underlying currency xcp is UNTIL NOW only in small use, this is given by the developers dogma what can be done with bitcoins, will be done with bitcoins. xcp can be taken in escrow and until now it was not neccessary - hopefully this will change once decentralized betting starts.

so far it is a promising project with high ethics - let's see where their underlying currency will go.

I hold it ultra long term so I basically do not care for short term pricing.

I think in the case of CounterParty, which isn't a 'separate' coin, rather an open protocol bootstrapped on top of the Bitcoin network
it's more complimentary, rather than competing to Bitcoin unlike NXT, Bitshares, and the much hyped Ethereum.

CounterParty can be thought of as an API extension to Bitcoin- it adds advanced crypto-financial features to the blockchain. As CounterParty (the protocol) matures, it brings value to the blockchain, the reverse is true in that  the more mature Bitcoin becomes the more people will be looking to add alternative apps which take advantage of it's massive distributed ledger, including but not limited to:


- Decentralised Asset issuance- Assset trading, dividend distribution
- Decentralised Speculation/ Hedging/ Betting (binary options, sports books etc)- Prediction Markets, CFD's
- Decentralised, trustless sentinels via Counterparty's inbuilt Broadcasts and feeds - Warrant Canary, Dead Man's Switch, Heartbeat bcast , Keepalive bcast ,  Watchdog Timer

Think of an intrade that can't be closed, BTCT/Bitfunder that can't be shuttered by SEC, Gox that can't play fractional reserve, and Inputs that can't have it's wallets siphoned. these are some of the things counterparty can enable since it has the security of Bitcoins blockchain backing it. It lacks the attention that Ethereum has gotten, but it's powering steadily on in the background in stealth mode and not making any grandiose promises in exchange for private VC funding rounds.

I agree 100%, but it's true "hope" that some day averague guys which now starts to understand bitcoin will understand next gen systems too, it will take a bit, but there will be more early adopters this time, and we are between them
I have to say too that I became very disappointed with all the DOGE success, this should make us think about most investors and crypto users mentallity  But I believe that common sense will win.

And no, Maidsafe isn't a shitcoin if you are asking seriously, it's a great idea "although could be built on top of nxt, which is the most open system which I know for the moment". The shit are the tokens which had been given to the investors and represent 1 coin each, but they are only tokens, the good thing will come once redeemed.