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61  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: March 08, 2014, 08:11:41 PM
I have 500 XCP with polonix. I want to send it to my BTC wallet. Can I create an address for it and send and than when the counterparty wallet come out I'll be able to retrieve? I dont want to try to use command lines. thanks for an answer to a non-technical person. 

Yes. Counterwallet will let you import funds from an address, though you won't actually import the private key of the address whose funds you're importing.
62  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: March 07, 2014, 12:19:52 PM
Yes, it simplifies trading on the DEX and allows you to avoid the need to btcpay and avoids troll orders.

There is however an additional step to then cash back out to BTC if you didn't want to continue to hold XBTC. You send your XBTC to:

13sGFVPgcrj9mMRokyXztdAJtg6kReofdV

And you will 'automatically' get BTC. The service isn't fully automated yet and maxmint is performing the exchange at a fee of 1%. When the automatic service is live the fee will be 0.1%

For example:

Code:
counterpartyd send --source SOURCEADDRESS --destination 13sGFVPgcrj9mMRokyXztdAJtg6kReofdV --quantity 0.1 --asset XBTC

This is a centralized way to trade, right?

Obtaining XBTC is centralized (even when it is automated, it will still be centralized). But XBTC greatly increases the ease of and simplifies trading on the DEX.

Ok, I've got a question about BTC/XBTC/XCP

Why don't you put a permanent sell order of 1000 XBTC for BTC (to begin with) at 1/1 rate. This could decentralized the BTC -> XBTC process. Of course to get your BTC back, you can put a but order at 1/0.99 rate, and maxmint (or another from the XBTC team) agrees to provide liquidity and process (btcpay) them all, and he gets his % that way ?

Maybe this is a trollable system ?

While maxmint could theoretically make his fee_required high enough to avoid troll orders, whatever fees users had to provide would be added to his service fee (.01010101 BTC), which would most likely discourage some users from buying XBTC.
63  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: March 07, 2014, 10:00:02 AM
Can someone tell me the function of XBTC? It is used to eliminate BTCPAY?

When someone exchanges XCP for XBTC then his wallet is filled with BTC?

Yes, it simplifies trading on the DEX and allows you to avoid the need to btcpay and avoids troll orders.

There is however an additional step to then cash back out to BTC if you didn't want to continue to hold XBTC. You send your XBTC to:

13sGFVPgcrj9mMRokyXztdAJtg6kReofdV

And you will 'automatically' get BTC. The service isn't fully automated yet and maxmint is performing the exchange at a fee of 1%. When the automatic service is live the fee will be 0.1%

For example:

Code:
counterpartyd send --source SOURCEADDRESS --destination 13sGFVPgcrj9mMRokyXztdAJtg6kReofdV --quantity 0.1 --asset XBTC

This is a centralized way to trade, right?

Obtaining XBTC is centralized (even when it is automated, it will still be centralized). But XBTC greatly increases the ease of and simplifies trading on the DEX.
64  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: March 06, 2014, 12:07:38 AM
Hello, everyone! Vote for XCP
BTC38.COM is about to launch English interface. BTC38.com is one of the best and largest altcoin exchanges in China. It has more than 50K users.
https://bitcointalk.org/index.php?topic=501963.0


I have voted for XCP.
voted for xcp

I voted also, I agree that we need to be donating for th GUI project, but getting on BTC38.com would be great too, getting more people holding XCP as soon as possible. I am going to donate right now 0.5 Bitcoin to the GUI, can someone give me the address to donate to GUI ?

cf https://forums.counterparty.co/index.php/topic,134.0.html

1Ht6dp7Kxn9htAcBhy6PAGcpNqqNNyiapu



I want to make sure I'm donating to the lightweight wallet implementation, because that is what is going to bring the most newcomers. no blockchain syncs, online etc., like a counterparty, blockchain.info equivalent. Would that be XNOVA ?

JahPowerBit also intends to make a lightweight wallet, and indeed, the more wallets we have, the better.

We have a general donation address, your .5 BTC can be allocated specifically to xnova, if you would like: <19U6MmLLumsqxXSBMB5FgYXbezgXYC6Gpe>.
65  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: March 05, 2014, 10:54:52 PM
So there's no way to code Counterparty so real BTC can be held in escrow for trades?

Correct. Counterparty can only hold native assets in escrow.

XBTC allows users to bypass the added steps in BTC transactions.
66  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: March 04, 2014, 03:20:48 PM

Phantom is working on the spec. right now,  and I have posted a wiki on assets (which includes information on issuing assets, trading on the DEX, paying dividends, etc.): https://wiki.counterparty.co/w/Assets.

The wiki on broadcasts and bets is undergoing another revision right now and will be up shortly. Between these two wikis, Counterparty's basic functionality ought to be covered.

The wikis have had to undergo several revisions in order to become more user-friendly, and any criticisms/suggestions are greatly appreciated, and, for the assets wiki, can be posted here: https://forums.counterparty.co/index.php/topic,142.0.html.

EDIT: Note that the section on trades involving BTC is quite short right now because we are currently considering whether and how to revise it. For those who are interested in the discussion, please see the thread on the official forums: https://forums.counterparty.co/index.php/topic,132.0.html.

The Wiki looks great. Do you need any help with any of the content?

You tell me. Smiley

I think that all the *content* that is needed is there, but in terms of presentation I am very interested in hearing what the community has to say.
67  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: March 04, 2014, 03:17:22 PM
Phantom is working on the spec. right now,  and I have posted a wiki on assets (which includes information on issuing assets, trading on the DEX, paying dividends, etc.): https://wiki.counterparty.co/w/Assets.

The wiki on broadcasts and bets is undergoing another revision right now and will be up shortly. Between these two wikis, Counterparty's basic functionality ought to be covered.

The wikis have had to undergo several revisions in order to become more user-friendly, and any criticisms/suggestions are greatly appreciated, and, for the assets wiki, can be posted here: https://forums.counterparty.co/index.php/topic,142.msg962.html#msg962.

Thanks, that's great to know. Once it's comprehensive enough, I'll get started on creating a guide "for dummies". I hope this will help get the community started on a bit more 'outsider interaction', because currently XCP is fragile in terms of PR.


That is great to hear. Matt (user "Matt Y") and I are actually beginning to work on a "Getting Started" guide. As you can imagine, though, until Counterwallet is live on mainnet, using Counterparty will still not be completely straightforward.

Matt is the one who will really be taking the lead on the guide. If you are interested, please PM me or him.
68  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: March 04, 2014, 03:03:53 PM
Did Satoshi provided on day 1 a light wallet, a web wallet and 1000% profit for free? No. Not even after a year.

No, but he provided a whitepaper.
I don't see a XCP whitepaper anywhere. You are thinking in way too complicated terms. Not light wallet, web wallet, or anything like that. All people need is a simple explanation. People can act as smart and arrogant as they want, but it won't make the general majority learn anything.

And trust me I would take 1000 clueless noobs over basement dwellers who fancy themselves as the protagonist of Good Will Hunting throwing racial epiphets around.

Text is much easier to write than code, and yet the only real information is buried here on a forum called Bitcointalk. I've even offered to put up my own money to pay people to create an infographic or animated explanation video, if only someone could write a really simple explanation.


Phantom is working on the spec. right now,  and I have posted a wiki on assets (which includes information on issuing assets, trading on the DEX, paying dividends, etc.): https://wiki.counterparty.co/w/Assets.

The wiki on broadcasts and bets is undergoing another revision right now and will be up shortly. Between these two wikis, Counterparty's basic functionality ought to be covered.

The wikis have had to undergo several revisions in order to become more user-friendly, and any criticisms/suggestions are greatly appreciated, and, for the assets wiki, can be posted here: https://forums.counterparty.co/index.php/topic,142.0.html.

EDIT: Note that the section on trades involving BTC is quite short right now because we are currently considering whether and how to revise it. For those who are interested in the discussion, please see the thread on the official forums: https://forums.counterparty.co/index.php/topic,132.0.html.
69  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: March 02, 2014, 01:03:12 AM
Announcement: Counterparty's weekly blog is live!

We will be writing a blog post every week, collating the most important information, so that the community does not have to sift through pages of forum threads to stay up-to-date.

The blog will focus on developments within the Counterparty project and community. Topics may include: significant updates to the reference client, announcement of bounties, interesting uses of the Counterparty protocol, as well as new collaborative efforts with members in- and outside the digital currency community.

On that note, in the first blog post, we announce that the Counterparty team has hired two Bitcoin security experts to audit Counterparty's code! For further information, continue reading here: https://counterparty.co/sergio-lerner-peter-todd.

Cross-posted from the "blog thread"  on the official Counterparty forums.
70  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: March 01, 2014, 06:18:58 PM
Asset Issuance Protocol Question:

I have created an asset and I need to retire it. I am thinking about making it callable, but I don' know the call date and I don't know the call price as yet, but I would like the option to retire the asset if I am in possession of it and to remove it from the Counterparty Asset database.

How is this possible?

Cross-posted in the Counterparty Forums: https://forums.counterparty.co/index.php/topic,143.msg963.html#msg963

I have just answered your post on the thread to which you provided a link.
71  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: March 01, 2014, 06:03:30 PM
Is there a document or guide that explains how to use the distributed exchange? 

I quickly poked around the FAQ and Documentation links provided in the OP, but nothing jumped out at me.  Did I just miss the right link, or is the relevant info to be found buried in forum posts?

 

Please see the wiki page on assets: https://wiki.counterparty.co/w/Assets.

It is incomplete and needs formatting, but it should give you the info you need to use the distributed exchange. Please post your comments, criticisms, suggestions, etc. on the official forum "assets wiki" thread.
72  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: February 27, 2014, 07:21:04 PM
Can the BTC functionality be built into a client or counterwallet? Wouldn't you just need an interface where the protocol can tell the client where to send dividends etc? If this functionality could be added I think it would help enormously.

+1

Yes. Great idea. I will add this feature in BoottleXCP:

I just add Phase 3 here : https://forums.counterparty.co/index.php/topic,134.msg932/topicseen.html#msg932


This is the kind of thing that, if it's to be done, should be implemented at the level of counterpartyd. I'll add the functionality to the backend, and you can just call create_dividend as you normally would (albeit with an extra argument), alright?

Phantom thanks very much for this. This is ideal, since now a user has the option to buy an asset with BTC and also receive their dividend in BTC. One extension that could be interesting (not sure how difficult it would be to implement) would be to have an asset X, but the protocol can identify whether a user purchased X using BTC or XCP. If BTC was used, dividends are issued in BTC; if XCP was used, dividends are issued in XCP. What do people think, is this a useful feature? Is it possible to implement?

If we issue all assets, dividends and fees in BTC. I am not sure what is the purpose of XCP or what value it will have.

XCP will still be used for bets, betting fees and callable assets, none of which BTC can be used, instead.
73  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: February 27, 2014, 02:33:22 PM
Could someone please outline the reasons why XCP is required for dividend payment?
when we are talking about an asset which mines bitcoin, it just seems counter-intuitive to be expected to convert the earnings into XCP in order to pay shareholders, I can think of many problems this process will create along the way, but none which it solve. Requiring XCP to issue sure, that makes sense but dividend payment I don't get why anyone would use

It seems like a perfect system for distributed issuance with a roadblock in front.

Please see the FAQ: https://counterparty.co/faqs/why-must-dividends-bets-and-betting-fees-be-paid-in-xcp/
74  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: February 23, 2014, 10:48:33 AM
How's going on with online wallet?

xnova plans to release Counterwallet on testnet in about a week. We are then hoping to have at least two weeks of (extensive) testing on testnet.
75  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: February 22, 2014, 08:01:13 PM
The Counterparty team would like to show its appreciation for how professionally busoni has handled everything in the past few days. Accordingly, we’ll be donating the 12 BTC that we set aside to give to the attacker instead to Poloniex, to help busoni recoup the funds that users have lost because of this vulnerability in the code, which he was indeed the first to report to us. We encourage the rest of the Counterparty community to help support this exchange---the first centralised exchange to support trading XCP and BTC. Again, all donations should be directed to <15buRLRW47AY9Md3mpFj17Yp6w4BtfMRjc>.
76  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: February 22, 2014, 05:08:11 PM
The buyers have lost their BTC, because Counterparty made a centralized decision to roll back the ledger, therefore asymmetrically alter the transactions which previously had occurred. This was done with full knowledge that the people who invested in XPC for the long or the short term would lose their BTC.  

We didn't rollback anything. The only thing that we did was close a loophole in the parsing code that allowed for the misidentification of the source of a transaction.

+1 People need to understand what is really going on here.

Perhaps an official press release would help, rather than the aggrieved parties having to trawl through this thread, which consistently refers to the action as a roll-back of the database/ledger.

Perhaps, technically, this is inaccurate,  but the fact is in the real world of commerce, transactions occurred and actions were taken; the effect being that the ledger was altered, and those transactions were invalidated.

The technical distinction is not trivial. Before the bug was fixed, transactions *which should not have been valid* were valid. The alternative you are implicitly proposing is to have left the bug in the protocol.

Also, the Counterparty protocol cannot force BTC payment, likewise it cannot reverse BTC payment. So people did not lose BTC on account of our bug fix.
77  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: February 22, 2014, 04:51:28 PM
The buyers have lost their BTC, because Counterparty made a centralized decision to roll back the ledger, therefore asymmetrically alter the transactions which previously had occurred. This was done with full knowledge that the people who invested in XPC for the long or the short term would lose their BTC.  

We didn't rollback anything. The only thing that we did was close a loophole in the parsing code that allowed for the misidentification of the source of a transaction.

...and the effect was reversed transactions.

You said that we rolled back the ledger. That did not happen. We fixed a bug, the result of which was invalidated transactions.
78  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: February 22, 2014, 01:28:10 PM

It isn't a matter of being unwilling. Although we are more familiar with the protocol, among only the three of us, we simply lack the man-power to do everything at once. It would not be possible to maintain the speed at which we are moving and also do a thorough bug check.

Moreover, it is not only the *amount* of time spent looking at the code, but the number of people who are looking at it. Even if one of us had the time to devote himself exclusively to reviewing the protocol, this wouldn't make extra eyes unnecessary.

Too bad then that making the protocol robust and secure is a second priority for the core devs.


You are putting words in my mouth. It is not a second priority. As I said, it is not only the amount time spent looking at the protocol, but rather the number of people who look at it, as well, that matters.

We can and have looked at it, but more eyes is always better.

If it were a "second priority" we wouldn't be looking to pay people out of our own pockets to help us looks for security holes.

EDIT: I misspoke in my earlier post: it is not that we can't do a "thorough bug check". We have done thorough bug-checks and will continue to do so. However, security is its own job that needs to be attended to constantly and by as many people as possible.
79  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: February 22, 2014, 01:15:58 PM
But forget obligation, real reason to bail out is because if 80 BTC is lost it will mean massive bad press, it will devastate the project, hang over its head forever. People will never stop talking about it, do you think people can lost $60000 and not fight to get it back?  Does not matter who is at fault or what is fair, "only get one chance to make a first impression" and most people will hear this story as their introduction to Counterparty

A bail-out will not make people stop talking about it. It is the second major fuck up at the protocol level within mere weeks after the end of the burn period and it's incredibly damaging. People are losing big sums of money. Redditors are linking to this thread and expect this to be mentioned in any serious discussion about counterparty for the oncoming months.

I do believe the devs did a brilliant job to create a piece of software that is the first to implement a DEx. Decentralization is the way to go and I applaud them for their courage and boldness to Just Do It. But I feel the project is rushed and released when not ready. A longer test period would have been nice too, just to get more people involved.

It's nice that they want to work with an "auditor" to verify the code for bugs, but that really sounds they are either not willing or able to do a full code review themselves. Instead, they want to rely on some third party for the security of their code base. I think it's not the right way to go, and for me it fails to build any trust.

It isn't a matter of being unwilling. Although we are more familiar with the protocol, among only the three of us, we simply lack the man-power to do everything at once. It would not be possible to maintain the speed at which we are moving and also do a thorough bug check.

Moreover, it is not only the *amount* of time spent looking at the code, but the number of people who are looking at it. Even if one of us had the time to devote himself exclusively to reviewing the protocol, this wouldn't make extra eyes unnecessary.
80  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official on: February 22, 2014, 10:27:13 AM
btw to the counterparty dev's mastercoin foundation is looking for a security auditor as well.

i know we have connected with a few but i don't know the status.  if you all want to split/share the costs of a security focused developer, that might be something that can be worked out since we will likely face similar security issues and so there likely would be some overlap in research and work.  or at the very least we may be able to give them extra work to incent them to focus on this particular domain.

i haven't talked to the chromawallet folks about this idea but I assume they would have a similar interest.

prophetx, that is a pretty interesting offer. I think we are looking for someone full-time, but if you have some leads who could look at the code, that would be great. You can refer them to our bug bounty program, so that they know they will be rewarded if they find something.

If you could PM me with some more details, I would really appreciate it.
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