Please allow xcp in swarm IPO  I think this is a good suggestion. You are using the counterparty infrastructure, why wouldn't you allow the token to be used as well? I think it's a great suggestion as well. In fact we already set up an XCP -> SWARM vending machine just as we currently have a BTC -> SWARM vending machine. Problem is we didn't want to turn it on without testing it thoroughly and I haven't had the time. We also want to integrate it into the feed on www.swarmcorp.com so that you can see both incoming BTC and XCP. Hopefully I will have time this weekend to make sure everything is working fine and then we will start accepting XCP as well. Please don't do anything silly like create a fixed exchange rate between BTC and XCP. Look to the Maidsafecoin debacle to see where that gets you. IMO, it's really better to just do one or the other. It would have been better to go with XCP in the first place, but now that BTC is already announced, better to stick with it. I do agree with the fixed rate point, was thinking about this as well. As you mention it was a disaster for both maidsafe and mastercoin. Couldn't you take the coinmarketcap price at the time the XCP is sent? Or is this too difficult to implement? The peg with Mastercoin in the Maidsafe crowdfund wasn't the problem, in itself. It was, rather, the fact that Mastercoin was pegged to a value well above its market price. |
|
|
|
I just realized that XCP is perfect for issuing digital currencies backed by real assets.
(Others may have written about this before, so forgive me if I "steal" these thoughts ... )
Unlike altcoins, you don't need to fear the network collapsing any more than you need for bitcoin.
Therefore XCP is the perfect platform for issuing an asset/coin, right?
Now say you own a shop and want customers to pay in a crytpo-currency because it's convenient and has low fees. The problem with bitcoin is volatility. Therefore you issue CRYPTODOLLAR which you back by USD. How you do it is simply that you put your asset for sale at the price of one dollar measured in bitcoins. Your asking price always adjusts up and down according to BTC's price. You also promise always to buy back at 99 cents, so that customers only faces a tiny spread (kinda like ETFs on the stock exchange are priced).
As long as your customers trust that you'll always buy back their CRYPTODOLLARS they have a cryptocurruency with zero volatility. To gain this trust you may have an audited bank account with the same amount of dollars as you've issued of these assets. The same can be done backed by gold, silver, or anything else.
In terms of betting this could work just as well. Xbet.io is an excellent service, but it's difficult to get the XCPs needed to bet. The spread is large and the volume is low. If someone trustworthy issues a CASIONDOLLAR or similar based on the description above, it becomes more user friendly. At the moment, though, this may be impossible (If I understood correct) since only XCPs are possible to use for betting. But in a future update of Counterparty any asset can be used, am I right?
Yes. Couple page ago here was speculating about price and betting option one big reason for get price higher. If all assets are coming possible for use betting what you think for XCP price happen when that no need still? You wouldn't enable more than one asset for betting - because that would decrease contract liquidity, and hence hurt protocol utility as a whole. Edit: Also trust based issuance of tokens like dollars or euros is only useful in special cases - in most cases it's much preferable to make a CFD and not have to trust an issuer... There are some much more interesting and much more obvious use-cases for Counterparty assets in derivatives than CFDs; futures, for example. EDIT: Original post was redundant with porqupine. |
|
|
|
i have a question about xbet, the xbet thread doesn't seem too active which is why i'm asking here: are the odds for an individual bet set in stone when you make the bet or do they change when other people bet? in the latter case, that would mean it'd make sense for everyone to wait up until the last second before the betting closes (which is when btw for the worldcup?), in the former case that would mean nobody would make the first bet because it would always give him 0 xcp, right?
When two bets are matched, the odds are always determined by the bet in the pair that was first placed. ok now i'm confused, what do the numbers on there actually mean? i assumed those are the odds, so if it would be for away back/lay 10/10, that would mean 50:50 odds? Those are the odds that you've selected; they aren't the only odds you are willing to take, they are, rather, the worst odds you will take. If someone made a bet that with a wager of 8 and and a counterwager of 10, his bet wouldn't match yours, since those are worse odds than you specified in your order. If, however, someone made a wager of 12 and a counterwager of 10, he would match your order. And if your bet was made first, the actual odds of the bet would be 1:1, whereas if the counterparty made his bet first, the odds would be 5:6 (for you, and 6:5) for him. The logic for matching bets is exactly the same as the logic for matching orders. ok thanks, but i'm only putting in one number right? if i put in 10 what exactly does that mean? and what does the 10 mean that's already there (say for example for lay away) Putting in 10 means you are making a bet of *at most* 10 XCP, and with a counterwager of 10, you have specified odds of 1:1. If the odds of the bet are less than 1:1, then you will bet less than 10 XCP. Counterparty's algorithm for matching bets and orders was designed specifically to minimize the spread between bids and asks. |
|
|
|
i have a question about xbet, the xbet thread doesn't seem too active which is why i'm asking here: are the odds for an individual bet set in stone when you make the bet or do they change when other people bet? in the latter case, that would mean it'd make sense for everyone to wait up until the last second before the betting closes (which is when btw for the worldcup?), in the former case that would mean nobody would make the first bet because it would always give him 0 xcp, right?
When two bets are matched, the odds are always determined by the bet in the pair that was first placed. ok now i'm confused, what do the numbers on there actually mean? i assumed those are the odds, so if it would be for away back/lay 10/10, that would mean 50:50 odds? Those are the odds that you've selected; they aren't the only odds you are willing to take, they are, rather, the worst odds you will take. If someone made a bet that with a wager of 8 and and a counterwager of 10, his bet wouldn't match yours, since those are worse odds than you specified in your order. If, however, someone made a wager of 12 and a counterwager of 10, he would match your order. And if your bet was made first, the actual odds of the bet would be 1:1, whereas if the counterparty made his bet first, the odds would be 5:6 (for you, and 6:5) for him. The logic for matching bets is exactly the same as the logic for matching orders. |
|
|
|
i have a question about xbet, the xbet thread doesn't seem too active which is why i'm asking here: are the odds for an individual bet set in stone when you make the bet or do they change when other people bet? in the latter case, that would mean it'd make sense for everyone to wait up until the last second before the betting closes (which is when btw for the worldcup?), in the former case that would mean nobody would make the first bet because it would always give him 0 xcp, right?
When two bets are matched, the odds are always determined by the bet in the pair that was first placed. |
|
|
|
I'm not sure if this has been posted: Overstock.com itself began accepting Bitcoin shortly after his interview with News BTC late last year. Mr. Byrne was the keynote speaker at "Bitcoin 2014" this month and boldly claimed that Overstock.com, which is a publicly traded company on NASDAQ, is mulling a dual listing for his company's shares on decentralized exchange on the Bitcoin Blockchain e.g. CounterParty. Source: http://www.ecommercebytes.com/C/abblog/blog.pl?/pl/2014/5/1401323908.htmlCan a dev confirm or deny talks with overstock ? Yes, there has been contact between Counterparty and Overstock. |
|
|
|
Announcement: Niki Wiles will be working as community relations manager for Counterparty. For more information, see our blog.
|
|
|
|
We'll make shares transaction on exchange(s),counterwallet.co may be too difficult to newbies.pls be patient.
Newbies to what? counterwallet.co? It looked interesting at first, but it is far too complex for someone who's not interested in delving into the workings of it. I figured it out, but the market depth for ROCKMINER is 2 and no one seems interested in selling shares on it. As far as ROCKMINER, looks like you guys are "rockin" good work!!! Also, I created a wallet, transferred some btc and placed a buy order for a trivial amount of shares. I saved the seed but now when I try to use that seed to reopen the wallet I have no btc or shares and my history is blank. I'd say counterwallet.co isn't ready for prime time. Hi, I am one of the guys who works on Counterparty - sorry for the confusion there! There was a bug in software that Counterwallet was using, and, as a result, we have switched software. To access funds from an old wallet, you have to prepend your 12-word passphrase with "old". For example, if your existing passphrase was "acid doubt danger hum dinner action final point demand inhale bedroom ocean", your new passphrase would be "old acid doubt danger hum dinner action final point demand inhale bedroom ocean". You should "sweep" your funds to a new wallet ASAP. For more information, please see this post on our forums: https://forums.counterparty.co/index.php/topic,321.0.html. If you have any further questions, you can post on our forums, or send an email to dev@counterparty.co |
|
|
|
If you can issue assets denominated in BTC, and issue dividends in BTC, what gives XCP it's value?
Is there features you can only do with XCP?
Bets and CFDs can only be made with XCP. |
|
|
|
|
We have received the full amount of stolen funds at the donation address.
Thank you to the white hat for returning the funds. We greatly appreciate it.
To those members who lost funds: We will be sending your donation funds to the new addresses you provided in the next day. Sorry for the delay, and thank you for your patience.
|
|
|
|
Is it just my version or did everyone's say Beta on the top too?
I don't think there even needed to be a reimbursement.
despite that, the positive PR from a swift refund would be worth more than 7BTC to counterparty as a whole /x/post to /r/bitcoinmarkets might be good too Where does the 7 BTC figure come from? I know that I had just over 12.5 BTC stolen from my account alone. I'll concede that while Counterparty itself is in beta mode, this bug allowed others to discover private keys to bitcoin addresses, and empty those accounts of bitcoins as well, not just of XCP. In fact, I was actually using Counterwallet to sell my last XCP. How could I have reasonably expected that a Counterparty-related bug would result in the loss of $6,000 worth of a totally different currency (bitcoin)? Nor did I have any reason to follow the Counterparty thread, including announcement of the security breach, because I no longer owned any XCP. Why would I follow the "news" of a crypto I no longer have holdings of? I think reimbursement for lost funds--lost due to a flaw in the counterwallet software--is vital. It would be one thing if the loss was merely XCP--a "beta" level cryptocurrency--but losing BTC is a whole different ballgame. Additionally, what do you all think would happen to Counterparty if the Bitcoin devs decided it was a risk to the main blockchain (the BITCOIN blockchain)? Sure, it's tolerated and even accepted now--but only so long as it doesn't interfere with the integrity and performance of its "host." Still waiting to hear on my reimbursement request from devs. Will keep everyone updated. The delay in sending the funds is due to the fact that we are trying to be quite sure of our accounting, as we want to make sure we don't send funds to the affected addresses. We appreciate your patience. |
|
|
|
How to be reimbursedAfter creating your new wallet and transferring the funds over, send an email to dev@counterparty.co including: - a new address to which to send the reimbursed BTC funds
- the passphrase of the compromised wallet (i.e. the one with the address from which the funds were stolen). Please only send this passphrase after you have moved all of the funds out of this wallet. Unfortunately, we need this passphrase to prove that you are the actual owner of the address in this situation, as signing a message from the compromised address is not enough here, as the hacker could do that, as well.
Please keep in mind that the Counterparty team will never ask for the passphrase of a wallet which holds funds
|
|
|
|
UPDATE: Asset name squatting is irrelevant. Please, people, don't bid for this asset name. Please see the posts in the Counterparty forum here: Counterparty Forums » General » Development & Technical Discussion » TL:DR of Asset Name discussion According to xnova, "Note that counterwallet allows for enhanced asset info (today, it works). See https://wiki.counterparty.co/w/Enhanced_Asset_Info_in_Counterwallet for more info." According to cityglut, "Asset name-mapping can be determined at the client level in any number of ways, without changing the protocol." So, coingifts, you can keep the ROCKMINER name all to yourself. It's a great update, but I still can't see how that means asset squatting is now irrelevant? Personallly I don't care whether he lists the assets as DOCKMINER, MOCKMINER or COCKMINER, I don't think anybody else would really care either; As long as he can demonstrate this is the official asset, with a signed message, description or similar and brief announcement it's pretty simple stuff, no one is accidentally buying activemining instead of asicminer. However he himself seems to have his objections, maybe believes people will become confused, maybe just likes to own the official name out of principal, whatever.. that's the only important thing because the asset issuer is the one who's making the decision and the name is still taken. And with this update, what's changed in regards to that? He still doesn't have ownership of that name At the client level, you could re-map names based on a number of criteria, which is to say the asset name in Counterwallet for example is independent of the unique identifier given to the asset of the protocol level; it could be determined by a PGP provided, instead, for example. Here's an example given by porqupine as to how it might look: Suppose Rockxie wants to issue a GHS asset for Rockminer. Here is what it might look like: He randomly generates or handpicks an asset name: say - ffzdJeVT Then for the issuance the fields might look like: Assset Name: ffzdJeVT Text: ~~ GHS ~~ ~~ 1 GHS mining issued by Rockminer ~~ ~~ www.example.com/assets ~~ And on the GUI level in Counterwallet this could be represented like this: Asset: GHS Unique Identifier: ffzdJeVT Description: 1 GHS mining issued by Rockminer PGP Link: www.example.com/assets |
|
|
|
Master coin has maid safe coin fundraiser using it, which is hoping to raise 8mil using master coin tokens, therefore this is quite big for msc and could push the price up a lot further.
Yes I was interested to see that. Should we as a community reach out to the maid safe people and see if there is interest in launching on counterparty as well? BTW is Adam Levine still planning on launching LTB coin on CP? Anyone know? Adam has been on vacation, but, as I understand it will be coming back soon and launching LTBCoin shortly after his return. |
|
|
|
|
Announcement: Counterwallet will be going down for an hour to deal with HeartBleed.
|
|
|
|
someone published a "heart bleed test". does this have any significance? here: http://filippo.io/Heartbleed/#counterwallet.coHeartbleed test There should not be false results anymore, only "Uh-Oh"s. If there are problems, head to the FAQ Enter the hostname of a server to test it for CVE-2014-0160. Go! counterwallet.co IS VULNERABLE. Here is some data we pulled from the server memory: (we put YELLOW SUBMARINE there, and it should not have come back) This came to our attention earlier today and is being worked on. Thanks for reporting it. |
|
|
|
It allows you to make multiple txs in the same block. |
|
|
|
Counterwallet will be live on mainnet this Sunday, 6
April.
US time or Euro time? It is Apr., 6, Sunday now in Euro time. It will be some time in the afternoon or evening, EST. |
|
|
|
I can't seem to find instructions for sweeping a blockchain.info wallet with the online counterparty wallet anywhere, also is there an official launch time tomorrow?
You click the "import funds" button in Counterwallet. But you can't do it yet, as the mainnet release is not until Sunday. EDIT: you cannot do it yet, with mainnet funds. You can of course do it with testnet funds. |
|
|
|
|
Show Posts
