Patrick Byrne will give a keynote speech at Inside Bitcoins Las Vegas. The blockchain has proved very well suited to the exchange of digital currency. But what about exchanging shares of public companies? Overstock.com Patrick M. Byrne, a longtime critic of Wall Street, is actively pursuing a model for trading stock on a peer to peer basis using the Bitcoin protocol. In his talk, Byrne will discuss the challenges and opportunities presented by a decentralized stock exchange. http://insidebitcoins.com/las-vegas/2014/agenda/http://insidebitcoins.com/las-vegas/2014/speakers/Interesting : - Why does a Top CEO make a lecture on stocks on blockchain ? - I don't remember how he announced that Overstock would embrace bitcoin, but when he did everything was ready and ahead of agenda. I hope he will announce something. He has been talking about Overstock issuing cryptosecurities for a while. http://www.wired.com/2014/07/overstock-and-cryptocurrency/. |
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Its too slow for something like that [online poker] to be possible. Betting is all the game you can play on Counterparty.
OK thanks, you guys persuaded me that (at this moment) Counterparty is not suitable for online poker, and I guess the same arguments apply to all real-time casino games. Then the question is whether new developments could make it so. You could theoretically escrow the money on the blockchain between the users of the game, until it's resolved by the casino (broadcast feed operator). This way, at least the casino does not store your funds on a fallible server. (Although you still have to trust the casino to some degree in the end.) |
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"Here at Koinify, we are the world’s first crowdfunding platform for decentralized applications" What about SWARM, or even Counterparty itself?  |
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Well there's a ton of different projects offering decentralised exchanges beyond just Counterparty. Although they may have been the first? Not sure.
The Bitcoin community by and large seems to largely ignore any innovation in spaces that are not strictly Bitcoin related. Some of the Bitcoin devs like Peter Todd and Greg Maxwell seem to make an effort to keep informed on new tech though.
Yeah, Peter Todd is involved in a lot of 2.0 projects and is always helping Counterparty with his security audits. He seems to always try to stay ahead of the curve. What a great attitude to have in this field. |
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Just so you all know, #xcp is a thing...  IRC is a much better tool for open source projects than Skype. You can have chat logs, you can choose between multiple clients, and you can join without being invited. Is this on irc.freenode.net? It seems the most activity is concentrated on Skype for whatever reason. Maybe it would be interesting to bridge them via a bot. Looks like the reasons to prefer decentralized betting / gaming with built-in escrow are piling up. Sad that many will have to learn the hard way... |
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Great news, enabling good quality cold storage is very important. Cold storage for XCP and Counterparty assets can be accomplished using any Bitcoin address where you own the private key. This adds the ability to easily access your funds while in cold storage, without compromising the security of your wallet. |
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So does it "mysteriously fail with some addresses" or were there "some counterwallet bugs that prevented us from doing the SWARM distribution"? Are you hoping it gets resolved in the next 24 hours or are you investigating alternartive options? Which bug (or is it now several bugs, lol) is specifically causing the sudden and mysterious issue? Posting a link listing ALL of the counterwallet bugs in existence is not sufficient. Post the specific bug (s).
Funny how you were perfectly able to distribute all the original swarmpre, swarm, swarmvoteone AND swarmvotetwo without this undefined bug which you have yet to specify and provide a source, yet when the vote goes against the option that you attempted to manipulate investors into choosing, well it suddenly appears affecting distribution of the remaining tokens. That IS MYSTERIOUS!
It's a slight glitch that should be resolved within a day or so. Joel (fractastical) of SWARM has comprehensively reported the issues ASAP to the Counterwallet dev team. Relax, not everything has to be a conspiracy  It does when the swarm team keep trying to f*** the investors in the **s. Now that's just silly |
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So does it "mysteriously fail with some addresses" or were there "some counterwallet bugs that prevented us from doing the SWARM distribution"? Are you hoping it gets resolved in the next 24 hours or are you investigating alternartive options? Which bug (or is it now several bugs, lol) is specifically causing the sudden and mysterious issue? Posting a link listing ALL of the counterwallet bugs in existence is not sufficient. Post the specific bug (s).
Funny how you were perfectly able to distribute all the original swarmpre, swarm, swarmvoteone AND swarmvotetwo without this undefined bug which you have yet to specify and provide a source, yet when the vote goes against the option that you attempted to manipulate investors into choosing, well it suddenly appears affecting distribution of the remaining tokens. That IS MYSTERIOUS!
It's a slight glitch that should be resolved within a day or so. Joel (fractastical) of SWARM has comprehensively reported the issues ASAP to the Counterwallet dev team. Relax, not everything has to be a conspiracy |
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Cross-posting this for you SWARMers: 12 Myths about CounterpartyXCPMyth 1: Counterparty is just Bitcoin 2.0 marketing hype. Myth 2: Counterparty’s internal currency, XCP, is just another alt-coin. Myth 3: Counterparty is just another project where the developers want to get rich quick. They will just run away with the money. Myth 4: Counterparty development is dead and nothing works yet. Myth 5: Counterwallet stores your passphrase and private keys on their servers! Myth 7: If Bitcoin can be used in Counterparty, then XCP doesn’t have value. Myth 8: I want to create a poll on the Blockchain, but Counterparty doesn’t have a voting feature. Myth 9: You can’t store XCP or assets in cold storage. There is no 2FA! Myth 10: Counterparty is polluting the Bitcoin blockchain with useless data and weighing down the network. This is a “free ride” on top of Satoshis hard work! Myth 11: Counterparty is missing multi-sig support. Myth 12: Broadcast feed betting is centralized. |
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Myth 13: Are there any risk that Bitcoin will build same features what Counterparty have to Bitcoin itself?
Considering that Bitcoin is in spaghetti C++ code, and Counterparty is in Python... It would be quite a hassle, and there is no reason to do it. The Bitcoin devs need to focus on making it work reliably, and adding more features like this would make it unnecessarily complicated to manage for them. It's very unlikely, and even if they tried, Counterparty will have more features to catch up with by then... |
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Gems relies on an IPO for initial distribution of the supply. The total amount of Gems in existence is 10'000'000'000 (10 Billion). Eventual supply is achieved as follows: 4,500 million Gems distributed to stakeholders; 4,500 million Gems distributed as daily Airdrop rewards during ~5 years after launch; 500 million Gems reserved for bonus block rewards, promotion, marketing, bounties; 500 million Gems + IPOs will fund the network R&D and operation costs. Please please please...no IPO/pre-sell! Instead, set a release schedule for the tokens and a relative value on each action you wish participants to do. Then with each release period (weekly for example), you calculate each participants share of the new coins based on their contribution. By having a reward schedule that starts higher in the future (e.g. 10,000,000 per week and halves every two years) you can build in the same early adopter incentive as Bitcoin and I could trust it. For an example of this being done correctly now, see LTBcoin. There's no way I would touch an IPO given how many scams there have been and if you do get people from your current process, they're not going to be the type that stick around. If you wish this to be successful long-term, you'll follow the advice above and if you need to raise money for your initial team, do that via a crowdsale that is for some perks on the network (but not for equity in the new tokens or social network). +1 This is good advice |
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Can Bitcoin developers kill Counterparty by changing the protocol? Theoretically? I like Counterparty, but a bit concerned on this issue.
No they can't. See my previous post for more info. Also confirmed by XCP founder PhantomPhreak: That is FUD. There are many ways to store Counterparty data in the blockchain. It's not leaving any time soon, no worries. Everything is stored in the blockchain, and cannot be changed or manipulated without manipulating the blockchain itself.
That's right. It's pretty much impossible to prevent Counterparty from using Bitcoin, because of the many ways in which Counterparty can store data in the blockchain. |
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12 Myths about CounterpartyXCPMyth 1: Counterparty is just Bitcoin 2.0 marketing hype. Myth 2: Counterparty’s internal currency, XCP, is just another alt-coin. Myth 3: Counterparty is just another project where the developers want to get rich quick. They will just run away with the money. Myth 4: Counterparty development is dead and nothing works yet. Myth 5: Counterwallet stores your passphrase and private keys on their servers! Myth 7: If Bitcoin can be used in Counterparty, then XCP doesn’t have value. Myth 8: I want to create a poll on the Blockchain, but Counterparty doesn’t have a voting feature. Myth 9: You can’t store XCP or assets in cold storage. There is no 2FA! Myth 10: Counterparty is polluting the Bitcoin blockchain with useless data and weighing down the network. This is a “free ride” on top of Satoshis hard work! Myth 11: Counterparty is missing multi-sig support. Myth 12: Broadcast feed betting is centralized.
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What do you imagine would be the most pivotal feature or opportunity that Bitcoin-based (decentralized) finance can provide? I'm especially curious about ideas that have not been put into practice. Prediction markets? More complex turn-based games? Advanced financial instruments... automatic DEX trading. I think there's a serious amount of potential here going unused. PS: I've noticed a lot of repetition (people reinventing the wheel) lately, in terms of p2p finance. I think it's important to show that reliable tools already exist. If you are thinking of making a project that requires issuance of tokens, trading, betting or other financial tools. Please head over to https://github.com/CounterpartyXCP/counterpartyd. |
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Would be great if you guys could have a thread here: https://forums.counterparty.co/I know it doesn't get much activity, but there's no reason it shouldn't |
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We are seriously considering moving URO to Counterparty after out 6 month distribution phase.
Some of our community members have expressed concerns that Bitcoin Core may be modified to prevent Counterparty from working in future versions down the track.
Is this a genuine concern of just FUD?
Also, can anyone link me to a few academic papers reviewing the security of Counterparty against counterfeiting of tokens of faking transactions?
That is FUD. There are many ways to store Counterparty data in the blockchain. It's not leaving any time soon, no worries. Everything is stored in the blockchain, and cannot be changed or manipulated without manipulating the blockchain itself. Regarding the security, you can look at any academic papers that show the security of the Bitcoin blockchain. Also, the Counterparty source code has been reviewed by well respected Bitcoin security experts Sergio Lerner and Peter Todd. |
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