In order to properly budget the NXTcommunityfund, I need to find out what is happening to the unclaimed NXT. Remember, I can only allocate one third of the fund to marketing, so it is actually not so much compared to the 3 million authorized from unclaimed NXT.

It seems that very soon, we will get clarity on the issue. I do believe the trade shows funding request got approved with flying colors.

Are there unfunded marketing campaigns that are super time sensitive?

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CfB, you said you would prefer to delegate the management of the 3M NXT for marketing. Have you decided who you will delegate it to?

James

I have a question about Broadcast. From reading the spec, it seems like there is a strong element of trust needed for a broadcast feed. Certainly if major bets are being made, any funny business in the feed would be something that needs to be prevented. However, I could see no such mechanism.

Is there a way to get trustless feeds for very standard things, eg. data from BTC blockchain, orderbooks from specific exchanges, etc.?

I am envisioning a whole set of data feeds that are guaranteed to be reliable. If we can have that, then XCP will become a very safe place to trade crypto derivatives. Call and put options are sorely needed for some crypto business models, but the lack of liquidity in them make them very hard to get, plus currently requires trusting the option seller to be there when it comes time to exercise the option.

I think there could be a whole set of meta-commands that counterpartyd can implement based on just a large set of standard put/call options for all the assets that have realtime public datafeeds

James

My theory is that they either didn't know about it or just could not get themselves to destroy their BTC. It is quite a radical thing to do. The only way I was able to do it was to imagine all the nice XCP I was getting. If you looked at the BTC being vaporized, it might have prevented a lot of people from doing it

I have also started posting in the main NXT thread, which is very active, so it is probably a lot of the first reason

James

We need emule!

I posted in main thread a logical XCP valuation using math, not envy:
https://bitcointalk.org/index.php?topic=395761.msg4906553#msg4906553

Let us compare XCP and mastercoin from a feature set, release status and market cap standpoint.

Everyone that burned BTC to get XCP in spite of almost everyone calling it madness, essentially got $10 bills for each $1 bill they burned.

What obligation does someone that got a $10 bill in this way have to sell it for less than $10?

James

http://blockscan.com/order.aspx?p=0 shows a few very small orders at prices lower than 0.01 BTC, but I am not seeing any significant orders at .004 BTC.

Where do you see a quote for .004 BTC?

I am sorry you missed out on the burning, but that does not give you the right to use misinformation.

James

P.S. the order for .0013 BTC was cancelled and was just a leftover from before. I assume all the orders for 1 XCP and 10 XCP are similar leftovers.

Yes exactly that. Overall marketcap is really all that matters and since there are about 5 times as many XCP as mastercoins, the math does work out.

Someone pointed out that mastercoin marketcap used to be almost double what it is now. One theory is that the drop is due to XCP! If that is the case, then it goes to reason that the fair market value for XCP is whatever the difference between mastercoin marketcap used to be and now, adjusted for overall market price changes with comparable altcoins.

Drumroll please...

Using that method of valuation gives XCP an overall valuation of about $20 million or $7.5 per XCP, which is .009 BTC.

Above numbers are very rough, just ballparking figures of ~$70 mil mastercoin marketcap down to $46 million, but the overall market is a bit lower than when we saw $70 million mastercoin marketcap.

So both methods end up at around the same price. This is why I was comfortable if the first trades happened at that price. I think there was over 5 BTC that has traded at 0.01 BTC. From here the price is up to the market, but at least there is a sane reference point.

Do not listen to anybody that says that you don't deserve to make an instant 1000% gain. The same was said about NXT. As people kept complaining, the price kept going up. The XCP devs have given us all a gift! If somebody gave you a $10 bill for every dollar bill you burned, what price should you sell the $10 bill for?

What obligation do we have to sell a $10 bill for anything less than $10?

Now if you are the sensitive type, be ready for trolls to start calling you names, but the fact is we all took a plunge into the unknown. We still don't know what will happen (well OK we actually do, but we can pretend we don't know the devs will fix all the bugs, clients will come out, Mac will be supported, etc). I estimate the available supply of XCP to be pretty low. Maybe the guy that burned 60 BTC right at the end will sell 10 BTC to recoup his capital with a little cushion, but most people have 1500 XCP or less.

It will be nice to cash out and make thousands of dollars in less than a month, but it wont be life changing.

Let's project a nice high end scenario. XCP dev team get all the required software out. Then they start adding a bunch of new features. XCP gets onto coinmarketcap top 10. Its trading on btc-e.com. It gets millions of dollars of free press from the crazy ~$2 million proof of burn. Many XCP oriented projects start and an entirely new betting ecosystem develops. The same happens with the dividend ability.

Compare that to what LTC brings to the table.

James

I wouldn't be so sure. Trades are happening at .01 BTC, which is roughly half mastercoin valuation. Does mastercoin have betting? Does mastercoin have dividends? I don't know, I can't really understand their website.

The valuation question is currently what discount/premium to mastercoin valuation XCP should be trading at. With XCP's technical lead and presumed feature set advantage, a 50% discount for XCP just seems like a good deal for new investors. It would be good if XCP burners dumped at 50% discount to mastercoin.

Then a lot of new investors will make decent profits.

Also, most people have 1500 XCP or less. Why would they get all excited to make a few bucks when XCP hasn't even finished the basic tech deployment of GUI, Mac support!, wiki, etc?

Oh, I forgot about PR. XCP has been in stealth mode and because of that, all the XCP burners got a nice deal. What happens when Howard Stern sets a barrel of cash on fire and starts screaming, counterparty, counterparty!!

James

counterpartyd

Still selling at that price?

hey I was downloading blockchain, etc and doing counterparty install to be able to get that order!

James

It is brand new, came out yesterday and docs not updated yet. This is a bounty from NXTcommunityfund

I am also waiting for feedback on more DACs and will attach bounties to the ones that make the most sense.

James

New investors will come from adding new exchanges. Not everybody is comfortable running software like counterparty. Also, what if they are Mac users?

At some point we will want a path from XCP -> fiat. Getting on a centralized exchange not only allows new blood to come into the XCP world, but also to convert XCP for fiat.

Also, counterparty already does trustless exchanges for XCP <-> BTC. It can do this because it is implemented right on top of BTC blockchain

There is a 100000 NXT bounty for an automated DAC gateway

There are devs working on an automated DAC gateway that will do blockchain transactions in other cryptos. What this means is that NXT <-> ANY will be able to be traded directly using the DAC. With a little more effort, the Asset Exchange can be setup to trade ANY and when you want to redeem it, the ANY will end up in your ANY wallet.

So, decentralized trustless exchange is possible with NXT, once we get the automatic gateways. Still looking for feedback and help from the people who can figure out some details that are a bit beyond me, but I have full confidence all these issues will be solved.

ANY: can be any other crypto that we add support for, eg. BTC, PPC, XCP, etc.

Bronco fans

All the xcp that will ever exist has been created

That is what BCnext said it should be

Ok, i will try to get it done

Anybody wiling to fill the trade and do escrow trade for me?