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Title: [XCP] CounterParty discussion & speculation Post by: Corepolitics on March 12, 2016, 09:47:41 PM Self-moderated thread for discussion of CounterParty (XCP) technicals, trading, news, price speculation, and more.
Moderation is aimed to be kept at an absolute minimum (if at all) and the powers are reserved primarily for the purpose of keeping the thread clean rather than for censorship. Discussion of other coins is allowed, however please attempt to keep it relevant. When quoting posts, please remove any large charts or other images unless the quoted post is at least one page old. Please shrink (or remove) large images in replies in all cases. Please try and avoid mindlessly bumping the thread with short/unsubstantial messages. When I am speaking as the moderator, and only then, I will write in red. Other messages using red text are not permitted. Title: Re: [XCP] CounterParty discussion & speculation Post by: poloskarted on March 12, 2016, 10:55:10 PM My 2 cents: Blockchains can do much more than just payments. One interesting observation is, in our quest to make the Bitcoin blockchain do more than remittances, we have to abandon BTC as the unit of account. Take colored coins, Counterparty, Ethereum, or sidechains for instance. None of these systems uses actual BTC as the unit of account. Not even sidechains will use the BTC unit of account. Instead they have to invent a brand new way to lock up the BTC unit of account and release an alternate unit of account that isn't as limited.
And if you believe the Bitcoin blockchain is the strongest chain, but aren't comfortable with hard forking Ethereum into Bitcoin Core, (never gonna happen) then systems like Counterparty are a valid approach. Quote "My personal opinion is that XCP-style meta-consensus systems are the next generation from here, at least as far as Bitcoin-based protocols are concerned". -- Vitalik Buterin, Ethereum lead dev (https://www.reddit.com/r/Bitcoin/comments/2is4us/cl4zmmk) Quote "So, Counterparty sucks because it is too powerful? I was involved in the colored coins project for a few months before I moved to my position that XCP-style systems are strictly superior to CC in basically every possible way (and moved to Ethereum full-time, but I will say that Ethereum is not superior to CC in every possible way because it is not directly based on Bitcoin so doesn't have as nice interoperability properties" -- Vitalik Buterin, Ethereum lead dev (https://www.reddit.com/r/Bitcoin/comments/2is4us/cl4zmmk) Quote Our compatibility with Ethereum smart contracts is at the virtual machine level, so it doesn't matter what language (Serpent, Solidity, LLL, etc.), you write the contracts in---they'll run on both Counterparty and Ethereum the same. Between the Counterparty and the Ethereum communities, we'll figure out what languages we want to write contracts in and develop those. -- Adam Krellenstein, Counterparty lead dev (https://bitcointalk.org/index.php?topic=395761.msg10711353#msg10711353) So we have a system which is entirely compatible with what is arguably Ethereums biggest selling points (turing complete dApps/smart contracts) with the real negative of slower block times but the real positive of a stronger, battle tested chain with a comparatively long established ecosystem. And yet.. CounterParty current market cap: $2.70 Million Ethereum current market cap: $1.37 Billion Ethereum is worth 378 times as much as CounterParty, ($1.35 Billion more!) Personally I think that disparity is too large to remain forever. XCP is valued around 10 times less than of it's ATH. If Ethereums vision of programmable money in the form of smart contracts takes off, then we will have a wealth of code ready to be ported across to run on bitcoin blockchain too. The only choice to run them on the bitcoin blockchain is Counterparty. CounterPartys gas costs are deductible in XCP which is removed from supply upon contract execution, rewarding XCP holders. XCP is also deflationary due to being debited when registering 'premium' alphanumeric asset names, and so far near 50k assets have been brought out of nearly 500k total transactions. With a fairly limited total supply (2.6MM) of coin, and a new well-funded fintech offshoot in the form of Symbiont incorporating CounterParty in their stack an uptrack in asset registration and usage of smart contracting when the feature is greenlighted on main-net could feasibly raise the price up an order of magnitude back to previous heights, at least. Title: Re: [XCP] CounterParty discussion & speculation Post by: flayway on March 13, 2016, 12:15:11 AM Proof-of-Burn have give for Counterparty real decentralized position. That is something what Colored Coins or Blockstream's side chain system doesn't have and never will get. If wrong can someone make correction?
http://counterparty.io/news/why-proof-of-burn/ Counterparty also handle much of Bitcoin network transactions and paying fees for Bitcoin miners. I think in future when Bitcoin block rewards will go smaller and Counterparty transaction amount will grow there will come part of miners rewards from protocols like Counterparty. http://blockscan.com/charts_transaction_counterparty_btc Title: Re: [XCP] CounterParty discussion & speculation Post by: Corepolitics on March 19, 2016, 09:52:28 PM Some relevant news from CounterParty open source project and Symbiont (commercial offering ran by CounterParty devs and including CounterParty in it's stack)
Quote Segwit, subassets and new team member: Roadmap >> https://news.bitcoin.com/counterparty-supports-segwit-adds-blocktrail-cto-team/ Quote Blockchain startup Symbiont has scored a partnership with the potential to level the playing field in a growing group of New York City-based startups weaving the technology that underlies bitcoin into the heart of Wall Street. While competitors in the space have been announcing a series of major partnerships, Symbiont has been relatively quiet until now. The company today unveiled a deal with Ipreo, a business co-owned by asset manager Blackstone and investment bank Goldman Sachs, to launch a new firm in the $3 trillion syndicated loan industry. "With LTS, we addressed the legal and process problems that have plagued loan trade settlement,” said Kevin Marcus, president of Ipreo in a statement. “Our joint venture with Symbiont marries this solution with the transformative power of blockchain technology." >> http://www.bizjournals.com/newyork/news/2016/03/03/blackstone-and-goldman-sachs-subsidiary-launches.html Quote Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, and Symbiont, a pioneer in the use of blockchain and distributed ledger technology in capital markets, today announced they are working together to enable financial services organizations to securely execute smart contracts and other blockchain-based transactions. >> http://www.gemalto.com/press/Pages/Symbiont-taps-Gemalto-to-offer-high-assurance-security-for-blockchain-based-services.aspx Title: Re: [XCP] CounterParty discussion & speculation Post by: Corepolitics on April 12, 2016, 10:52:35 PM Further recent relevant news from Symbiont
Quote U.S State of Delaware Partners With Symbiont On Blockchain Initiative Delaware, whose business-friendly laws have lured more than half the country's publicly traded corporations and more than 60% of the Fortune 500 to incorporate in the state, is now vying to become a hub for blockchain technology. Gov. Jack Markell is set to announce an initiative Tuesday to encourage businesses incorporated in the First State to develop distributed ledger and smart contract technologies through a suite of programs. Delaware is working with Symbiont, a startup focused on blockchain-powered smart contracts, and law firm Pillsbury Winthrop Shaw Pittman's >>http://www.americanbanker.com/news/bank-technology/delaware-to-push-blockchain-smart-contract-technologies-1080264-1.html http://marketsmedia.com/delaware-preps-for-blockchain-adoption/ Title: Re: [XCP] CounterParty discussion & speculation Post by: TrevorXCP on June 09, 2016, 01:36:54 PM Relevant news from Counterparty
http://coinjournal.net/counterparty-ethereum-virtual-machine-smart-contracts-bitcoin-blockchain/ https://news.bitcoin.com/counterparty-bitcoin-smart-contracts/ Title: Re: [XCP] CounterParty discussion & speculation Post by: gustav on June 09, 2016, 01:41:56 PM To the moon!
https://bitcointalk.org/index.php?topic=1504601.0 Title: Re: [XCP] CounterParty discussion & speculation Post by: BillyBobZorton on June 09, 2016, 02:59:45 PM Good thread, I was looking for something like this.
Im considering getting myself positioned in XCP, since the potential for growth is big. My question is... how does this compare to RSK? (rootstock?) RSK was supposed to be the ETH killer, so no we have RSK and XCP... RSK will have its own token too? Title: Re: [XCP] CounterParty discussion & speculation Post by: TravelsAsia on June 09, 2016, 05:04:34 PM Relevant news from Counterparty http://coinjournal.net/counterparty-ethereum-virtual-machine-smart-contracts-bitcoin-blockchain/ https://news.bitcoin.com/counterparty-bitcoin-smart-contracts/ How are they going to deal with the slow Bitcoin confirmation times? Will it be some type of 2 way peg or sidechain? Title: Re: [XCP] CounterParty discussion & speculation Post by: x13 on June 09, 2016, 05:07:42 PM I bought a little stake some weeks ago @ 93 $-Cents. It is a good gain so far, but I regret it I did not buy more :D
I have not really dipped into the technical site of Counterparty yet, but I will take a closer look the next days. Maybe I gonna invest some more bugs into it. Promising project. Title: Re: [XCP] CounterParty discussion & speculation Post by: xiaokele on August 23, 2016, 07:48:05 PM I bought a little stake some weeks ago @ 93 $-Cents. It is a good gain so far, but I regret it I did not buy more :D I have not really dipped into the technical site of Counterparty yet, but I will take a closer look the next days. Maybe I gonna invest some more bugs into it. Promising project. Same here, this project is so underrated. Love that the developers are constantly putting out new stuff, have cleaer goals for the future and that they're also increasingly gaining acceptance from the market side ... - http://counterparty.io/news/counterparty-update-082216/ - https://medium.com/@IndieSquare/indiesquare-and-everdreamsoft-jointly-develop-counterparty-based-blockchain-game-platform-popular-c7abb0a0cb4f#.7foi2lyx5 - http://themerkle.com/collect-bitcoin-and-counterparty-tokens-with-the-takara-geocaching-game/ to name a few. |