Topic: Skip the middle man and list on the Counterparty decentralized exchange (Read 1844 times)

I tired, it's a royal pain in the ass and I gave up.

That makes a little more sense. Im still going to stick with centralized exchanges until this gets developed a bit more and has a larger user base, yes you take a risk with a central figure, but if you can't sell your shares when your expecting a price crash isn't that about the same thing (with a decentral figure with low volume)

Hopefully counterparty grows and keeps developing

Here it is in counterwallet, you just need to go to View prices, enter the first and second token names  



I've asked the devs to make the listing of the token pairs clickable as well, that should make it a bit easier to use.

The orderbook is available under "VIEW PRICES" if you enter asset names, although it is being currently updated. New features are always being added.

The counterparty protocol itself is feature-complete. The Counterparty developers focused on first and foremost security, reliability, consensus of the core specification, as well as elegant code. Unfortunately the GUI interfaces have not reached this level of development yet. In time, I'm sure the wallets will have reached the same standard as the client itself. As was the case with Bitcoin.

Anyway, because the system is not centrally managed, the information about the businesses listed is up to the businesses themselves, they should link to a website or have a description.

It is best to link them to a specific page: http://yourdomain.com/blah.html, which also mentions the ASSET. Reposting this on other platforms, signed for authentication, can help establish the link beween ASSET and holder.

I am fully aware of the benefits of a decentralized exchange. However, when I log into counterwallet.co, you cannot tell any information about the business's listed / no orderbook. This blockscan site is not mentioned anywhere, and appears to be loaded with a bunch of holder assets just reserving the names.

How are you supposed to do due diligence with bitcoin with 0 information?
you can give your 0.5btc to some guy named TradeFortress who tells you he'll keep it very safe in his online vault but might regret it later

Making an exchange decentralised doesn't eradicate the need for taking care with picking assets. You can't rely on the protocol for that.

Issuer can fill a description of their asset: IE http://www.blockscan.com/assetInfo.aspx?q=MPTSTOCK
or they can stick in enhanced description and link to that. Investors need to decide whether they trust the issuer, just like you need to decide whether you trust whoever you send BTC too because you can't call up Bitcoin customer services and request a chargeback.

From counterparty, BTC (or whatever other unit) get's sent between investors and issuers without 3rd party stepping in- it's like glorified direct shares  on distributed excel ledger.

In some cases tx are escrowed by protocol, in other cases it's direct. It's not controlled by a third party though so you don't have to 'request withdrawals'.  millions of dollars stolen by gox and it took till 2014 until they closed down, millions of dollars stolen by cryptostocks, and yet they are still active. Most of these frauds came from trusting third party to amass large amounts of bitcoin in wallets that they control private keys too. That was never the way bitcoin was supposed to be.  In counterparty your keys are under your possession.

If one counterwallet node was shut down, you wouldn't have to worry.  Therefore the problems we've seen with GLBSE, BTCT.CO, Bitfunder etc aren't applicable.

As of yet a WoT hasn't been integrated, butyou can import an existing key with established history to prove trust if you were thinking of listing there, or leave a signed message when creating an asset. Perhaps an independent ratings agency may come up up in the future.

Orderbooks are visible both via external sites and on the main counterwallet site itself. Every order is transparent.
Technologies to build upon this process like Vennd (which can act as Gateway, vending machine,bidirectional router- issuing stock for BTC automatically) will make XCP increasingly attractive, comparing it to bitcoinbourse is not right

How did you find the orderbook? When I looked at the site I wasn't able to find any information

http://blockscan.com/order.aspx?f=2&asset=NICEPLUM

Its a terrible format for investors, can't see any information on assets other than last bid / sell price (No orderbook!). Currently its worse than BitcoinBourse. And thats saying a lot. Has great potential, but I won't be using it the way it looks. How are you supposed to be able to do due diligence with 0 information!

We're using this

I've personally avoided all cryptoequity / securities and crowdfunds, because I couldn't trust a centralized website like MtGox.... But really, now that we have an open-source decentralized system, it would make sense for Bitcoiners to switch. Am I misunderstanding something here? 

http://counterwallet.co

You can create assets, trade BTC, XCP and assets, and pay distributions. It's ideal for crowdfunding, IPOs, or dual listing of shares.

Why aren't people using this more