Let's say I want to put out a broadcast with a fee of .01 (or 1% of the bets made on the broadcast) - it would look like this:
python3 counterpartyd.py --rpc-password=PASSWORD broadcast --from=ADDRESS --text=TEXT --fee-multiplier=.01
The text of a broadcast is a string. If you want to publish a value later on, then the syntax is:
python3 counterpartyd.py --rpc-password=PASSWORD broadcast --from=ADDRESS --text=TEXT --fee-multiplier=.01 --value=VALUE
Does that help?
I don't understand why there are two commands nor what they do. For the first command, is the fee of 0.01 something I have to pay? For the second command, do I need to pay for each update I make? If so, do I pay in BTC or XCP? Finally, where is this information stored? In the bitcoin block chain OR does counterpart have its own block chain? Thanks. |
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+1 I was all on board with this when I started the lengthy process of getting ready to burn 1 BTC but after detailed research and thought, I came to the same conclusion. Why not wait 20-25 days until things are easy, stable, and much more "evaluated" by the community and still get 1000 XCP at that point? If I may, I do think the intent was to release a working protocol and to encourage people to use it -and Not to create something where someone who was watching the forums more intently, or was tipped off as an insider for example, could get in to merely multiply their money at the expense of others. I am aware that most people browsing alt-currency forums may very well be people looking to "make money out of thin air" if you will, on account of being early investors in something (having missed the early investment into bitcoin per say), without much caring as to what something does, or whether it offers any kind of potential benefit to others, or mankind at large. While this approach may in fact make a select number of people rich, nevertheless I think it is ultimately detrimental to the acceptance and development of digital monetization and finance in the broader sense. The financial component of a project is a critical component to its success. How much XCP you allocate for developers and early adopters will impact how much free time (and will) these individuals have for contributing to the project. People do not _only_ labor for things because they are cool or neato, though that is a large component of success in this realm. Ideally you want a lot of stake holders, with a decent stake size, who will support the project and help drive it forward. If these individuals are drowned out by huge late-comer investments from "dumb-money" (e.g., VCs and other large-scale late comers) then your community is essentially squashed because their stakes tend towards zero. Thus, from a project success perspective, it seems quite important to incentivise/reward the founders, developers and early adopters over late comers. To be fair, I see what you're trying to do by levelling the playing field over time, so that no one screams premine. It's a nice idea and it could work, who knows. However, I do not think it is a necessary risk to take with such a great project. It is abundantly clear, based on the content of the code I have reviewed, the functionality already available and the description of your project, that your project does indeed have something behind it and is no a premise scam. |
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Yeah, it should have been an exponential decrease. I'm definitely holding off until much much later in the game, but maybe they will fix it.
The last thing I'd want is a large-scale investors coming in at the last minute and diluting my investment down to nothing.
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Counterparty Announcement
... We are looking for community contributions of testing, bug reports, patches, and companion software (e.g. built around counterpartyd). We are also asking for donations of BTC and XCP to 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs, which funds will be used to issue bounties for the development of the project. Sorry to see you've not received any contributions yet. Your project looks great. Keep up the great work. I will be watching it closely. I'd like to see an example or tutorial on how to setup a feed on the test net, just so I can play around with it and contribute some bug fixes. |
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What you mentioned is not possible today, however, there are several parties (including Counterparty) discussing the feasibility of it.
May I ask... What specifically/technically is not possible right now, and why? |
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have you thought of doing it over Peercoin blockchain as BTC is so precious that it would be much sad to see it burnt ? Ppc inflates 1% on POS minting (although it also destroys 0.01 transaction fee), so the burnt coins will hopefully be regenerated and we can keep our XCP.
We have been exploring taking the concept of Counterparty out to additional blockchains. From a technical standpoint, Counterparty uses the OP_RETURN feature of Bitcoin to store its data (full support for which will be included in Bitcoin v0.9, which will most likely be out and deployed across the major mining pools in about a month to two based on Gavin's estimates). The advantage of this is that it's a very clean way of encoding the data: Counterparty transactions can be easily pruned from the blockchain. The disadvantage is that any altcoin looking to implement Counterparty support would need to have this feature (or, fork and extend the Counterparty protocol to use a slightly different encoding method, such as multisig or something similar to Mastercoin's Class A transactions). Currently, Peercoin is moving to 0.8.4 code I believe. Once SunnyKing syncs up to 0.9, this may be possible (however, there may still need to be some adjustment made to deal with the stake blocks that Peercoin has). This all being said, we are interested in speaking to altcoin developers (and especially ones that can work with the OP_RETURN featureset) as this develops. Counterparty becomes stronger as its standards are deployed across multiple blockchains. So, are you saying that, in the future, Counterparty could possibly link directly into different block chains enabling atomic trade of currencies from both chains, nearly natively? For example, I could have a PC with bitcoind and ppcoind fire up and counterparty running and I can sell BTC for PPC and actually see PPC appear in my peercoin wallet and BTC disappear from my bitcoin wallet, natively? If so, then this is amazing stuff! P.S. Does Mastercoin support this? Does Mastercoin use OP_RETURN? |
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honnestly I would not go to dgex, what is holding him to increase the fees again tomorrow.
Pin
Just for the record, this constant downplay from the former nextcoin.org moderator who has been jumping back and forth with utter incoherence, this nice chap asked yesterday for a 24/7 support section which he would moderate, right after that leaving newbies in the cold without any word or response to anyone's queries. Everything is not what it seems guys, sometimes the bad are the good and the trolls know how to lead us to not seeing the forest from the trees. DGEX works just fine and is lowering fees on Jan 5th.How long are transfers in and out taking now? The only thing keeping me from using dgex is the delays. |
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The first post of this thread should be updated with latest version 0.5.0 of the NXT Client Software released today.
I'm dumbfounded there still isn't better synchronization in this matter. after what happened a few days ago. My motto now is, check the hash minimum, obviously, and then wait till a lot of other people have installed and confirmed it's working. hah  I asked this awhile back on nextcoin.org Isn't it possible for someone to create a dubious client similar to the one I discovered a few days ago, and others had the misfortune of installing too, hacking into a webpage, or having a rogue forum host, creating a link to that bad client, and just replace the hash written on the page to coincide with the dubious client?? Sorry if i'm not understanding it correctly perhaps the correct hash is backed by something in the blockchain, or should be? Otherwise this is possible? Maybe you missed this, but the hash you desire and latest version can always be found in the block chain at this alias. https://localhost:7875/nxt?requestType=getAliasURI&alias=nrsversionThis _is_ the official place to check and it's always updated. |
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Is there any form of mining with XCP, either in the minting of new CXP (which I doubt) or in the form of harvesting transaction fees?
Thanks.
No, and all of the transaction fees are in BTC, except for those paid in XCP to the operators of 'feeds'. Does that mean we collect fees in BTC by processing XCP transactions or does it go to the normal bitcoin miners? Also, what about those pain in XCP to the operators of feeds? Can you please explain a bit more about who that works or provide a link to the documentation about this. Highly interesting. The BTC fees go to the normal Bitcoin miners. The address which broadcasts a feed picks a fraction of every bet made on it that it would like to receive in fees. On testnet, for instance, the feed published by mt1N2qE4wHkjdDeumCtRg1NKwxXGMCAx5X takes .01% of every bet made on it, when that bet is matched and settled. So if I bet 100 XCP that the value of that feed, then 100 + (100 * .0001) XCP is deducted from my address, and if/when the bet is settled, .01 XCP goes to mt1N2qE4wHkjdDeumCtRg1NKwxXGMCAx5X. This is really cool stuff. I'd like to setup a feed on the test net. Is there someone I could look for some info on how to do that? |
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I've got some NXT to sell. Anyone interested?
PM me, but we will do trade live over this forum, in public view. Check my account history, I have a positive reputation trading on the forums.
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Oh, thanks. The only reason I posted here is b/c the trading thread is not listed on the first page of this thread anymore (or at least I could not find it). |
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Then again, there's always the forum. Maybe it will be quicker.
Anyone interested in buying some NXT?
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Have you used it? Any good? Sounds complicated to me. Also, I'm not sure about the rates. |
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Does anyone know if dgex working OK right now?
What's the best exchange to use?
Anyone? |
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Does anyone know if dgex working OK right now?
What's the best exchange to use?
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Is there any form of mining with XCP, either in the minting of new CXP (which I doubt) or in the form of harvesting transaction fees?
Thanks.
No, and all of the transaction fees are in BTC, except for those paid in XCP to the operators of 'feeds'. Does that mean we collect fees in BTC by processing XCP transactions or does it go to the normal bitcoin miners? Also, what about those pain in XCP to the operators of feeds? Can you please explain a bit more about who that works or provide a link to the documentation about this. Highly interesting. |
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Yes, you can. counterpartyd will try to warn you if you attempt to burn more than 1 BTC (but if the first burn still isn't confirmed, it might not catch the error!). The fee paid for every Counterparty transaction is 10000 satoshis, as none of them is over a KB.
Do the funds have to all come from the same BTC address? That is, I have a btw address xfoo... I TX 0.001 BTX to xfoo... I counterpartyd burn --from=xfoo.. --quantity=0.0099 [paying the 10,000 satoshi (aka 0.0001 BTC) fee] So far burned 0.0099 I TX 0.9902 BTX to xfoo... I counterpartyd burn --from=xfoo.. --quantity=0.9901 [paying the 10,000 satoshi (aka 0.0001 BTC) fee] So far burned 1.0 BTC Is this find to do? Does it all add up correctly? All good? Can anyone confirm the above proceedure is fine? Also, how many confirmations must I want on BTC transfer? |
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