I exported the private key by calling dumpprivkey <addressHeSentTo>, the went to a BTC client and did importprivkey <key>. The BTC client said something like "import failed". Any ideas? Will Electrum work better than bitcoind for this?

If someone would like to send me 1 FLAP so I can test deposits and withdrawals, I'll put this up on Poloniex. Address: FF6CGeoXroWodHGcjb1gpq4KG4yLd1zckn

Is Poloniex starting to slow down for people?

A single XCP transfer costs about that much, but in order to deposit, XCP and BTC need to be transferred internally. Sometimes BTC needs to be transferred more than once because Counterparty randomly requires varying amounts of BTC. The withdrawal fees have to cover deposit costs, and people often make more deposits than withdrawals.

I just lowered the fee to 0.35, but that seems like a lot, too. I think 0.1 will cover everything, so I'm going to lower it to that.

Yeah, it's getting a bit high. I've lowered it to 0.35 XCP, minimum withdrawal now 3 XCP.

I'm not sure what that was. All I know is that it was not web traffic. It was either a lapse in available bandwidth, or someone testing the waters to see what it would take to do a DDoS. I'll have to sift through some logs to determine that.

Oh, phooey. I knew I should have bought more when it first went up.

I swear, I'm this close to delisting MTC. It's caused so many problems, and the developers don't tell me anything or respond. Good developers always keep me informed--and there are plenty of those. Anyway, I'll look into this now.

And, yes, for anyone who hasn't heard -- Poloniex just listed Counterparty! Very cool thing, Counterparty. (I don't want to call it a coin, because it's so much more.)

Very nice. Updated the front page of Poloniex.

I'm struggling more with how I can hire someone who could be of any use without giving them access to people's money. I think I'll need to write a lot of new code for some kind of support interface.

What do they need? Poloniex has public API methods: poloniex.com/api

Do we have a higher resolution version of this? I like to use 192x192 so things don't look awful on high-DPI displays.

An absolute minimum of 1 confirmation is needed for anything to show up in your deposits. After the first confirmation, an attempt is made to send your deposit to the main account. If this fails, then more BTC dust is sent to your XCP deposit address. This needs one more confirmation to clear. Then, another attempt is made, but sometimes the second one can fail, too. After the XCP is finally sent to the main account, an additional two confirmations are needed.

In addition to this, the daemon runs once every ten minutes. So if there are some fast blocks on the BTC network, you can end up with more confirmations.

I've just made a change that should help any stuck deposits (there seem to be three of them right now). Before, one dust transfer was made if the transfer of XCP to the main account failed, and then the daemon just kept trying without any additional dust transfers. The only case in which additional dust would be transferred is if the "TX rejected" error was thrown instead of the "insufficient BTC" error. Since the daemon only runs once every ten minutes, I think it's probably safe to have additional dust transferred after every failure, so I've made that change.

Once the main wallet gets enough XCP, I'll be able to credit people before the move into the main account is complete, but for now, every XCP on balance and available for purchase needs to be available for immediate withdrawal.

Also, at these prices, it's looking like 1 XCP fee and 5 XCP minimum withdrawal might be a bit high...

Suppose five people each deposit one XCP, then one person buys all five XCP and attempts to withdraw them. All the XCP need to be in one account so people who withdraw without depositing can get them.

About the withdrawal fee, it is definitely higher than all the others. The others are supposed to be just TX fees, but the XCP has to cover some hidden costs. Once we see what price XCP settles on initially, I'll adjust it accordingly. I have no intention of profiting off of withdrawal fees.


Many successful deposits went through, and although only one person made a withdrawal, it was also successful (in addition to my many withdrawal tests). So we're launching! BTC/XCP market now live: https://www.poloniex.com/exchange/btc_xcp

Have we decided on a logo yet?

Okay, I think everything is working now. If anyone feels like depositing some XCP early, and maybe withdrawing it, before I open the market, it would help me be sure that all the automation is working. Even if it isn't, your coins will be safe, and your BTC balance never gets touched. You'll find your deposit address here (account needed, of course): poloniex.com/balances

Minimum for withdrawal is 5 XCP, and there is a 1 XCP withdrawal fee to cover all the dust costs.

BTC/RIC market now on Poloniex: https://poloniex.com/exchange/btc_ric

I got it unstuck... sent a little more BTC to the address and it sent. That can be automated.

If someone sends me 1 RIC so I can test deposits and withdrawals, I'll add this to Poloniex. Address: RAXgQaAB8Ldm179YXaATY9AzV74RPHSBni

Is it using CPU resources? You can also start it with -daemon and -reindex and monitor its progress with getblockcount.

How do you tell who sent how much? Is there an API call for looking at transactions? It seemed all I could do was check balances.

At any rate, the way I'm trying to do it would be easier for users, and the only reason it's not working is because I can't send XCP. If I can't send XCP, it doesn't really matter how the deposit system works.

The FAQ didn't really help, I had tried those things already. It's kind of annoying, I can't find any more information about the error other than that the tx is rejected.

Joined the IRC channel, no one's there.

It's so close--everything would work if Counterparty would.