As others have mentioned this looks like a successful open-source funding model, wherein the business element funnels funding into the open-source development. It didn't kill Linux, quite the opposite actually.  |
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Na, hab ichs doch gesagt es gibt gerade sehr günstige XCP's Wird nicht zu lange so sein.... Wenn Ethereum ein stable-release hat dann wirds zeit keine mehr zu kaufen ^^ |
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That's correct, except laptops vs. desktops isn't a great metaphor, because laptops *are* competing with desktops to some degree. A better comparison would be laptops and phones, where neither competes with the other at all.
The takeaway should be that Symbiont has a lot more resources than Counterparty has alone, so we'll be working on products that are orthogonal to Counterparty *as well*. (We'll also have more resources than ever dedicated to Counterparty itself.)
That's too clever, and too long-term of a strategy for most Bitcoiners to understand. Let's just pretend it's a dump  |
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Symbiont is funding Counterparty development and they are going to be using Counterparty where the usecases are appropriate. Doesn't really change the innate worth of the platform either. It works.
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Thank you for answer. One question more. So bitcoin will be fuel so your smart contracts don't use any XCP anywhere?
I believe they mean to use Ethereum Smart Contracts, if XCP will allow for Smart Contracts they could be an option too. For the moment seems like Ethereum is the more plausible option. Ethereum and XCP smart contracts will be literally identical and 100% compatible |
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So to implement a payment channel in Counterparty, we need a multisig support and nLocktime. I understand Counterparty has multisig but I don't think it has nlocktime though I can imagine a Bitcoin transaction with an nlocktime that allows a payer to get their funds (assets, etc.) back might be possible to be coordinated. The question then becomes, can those smaller payments be done. They require that the sender creates a transaction that spends the funds held in multisig in part to the recipient and in part to themselves.
I think one of the devs confirmed that nLockTime will work with smart contracts. Not sure though. |
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Thanks for taking the time. I havent been following closely for many months and am just now refreshing my understanding. still have 80% of what I burnt originally. Still remember the impression the original dev team made on me with their very professional and straight approach. but did not follow every CP event since the end of last year. Take care.
Happy to help. The project is in much better shape now than when you were here last. When you look at who will have the best platform for smart contracts, on Bitcoin, it's Counterparty, and it's not even close. So the question to ask is "will smart contracts on the Bitcoin blockchain be a thing that gets used or not?" and if you think that yes, they will be a thing that is used, which happens to be my opinion, then simply continue to hold and ignore the noise. The rest is taking care of itself. Hold and buy more so long than can get cheap  What all big projects there are building over Counterparty? I mean like who are using smart contract. I mostly know only Spell Of Genesis and Symbiont. Are there any other yet? - Precious Metals, Stock Certificates, Soft Commodities, Farmland |
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Someone posted a Powerball lottery that will work on the smart contracts platform |
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Anyone know what is reason for that so rarely exchanges have took XCP for their list?
I have sent about once a month or two request to many exchanges and answer have been same last one year about like "we will look and are really interested about this coin and will maybe add it later..."
Same time there is like Cryptsy what have taking every cat, moon, weed and car coins for trading. Why not XCP?
The simple answer is that the Counterparty software client is different to everything else. Whereas 99% of shitcoins' software are near identical to Bitcoin's. So it is a little bit more tricky to set Counterparty up on an exchange. Though, I find it difficult to understand why Kraken (they best exchange imo) saw fit to add Ethereum which is similarly different and they have not added Counterparty yet. Last I heard it takes them $50k+ to fully security vet a potential currency. (Some Kraken representatives told me this... cannot vouch for the accuracy.) But basically it's a cost intensive and extremely long process. We will have to wait for Counterparty volume to go up, in order to be considered by Kraken. |
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Very thin order book and devout holders. More volume will drive the price way up Hard to say goodbye to any xcps for the tech literate crowd |
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Na, hab ichs doch gesagt |
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Congratulations to the Symbiont / Counterparty team!
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"As for Symbiont, it hasn’t publicized which blockchain it plans to implement for its self-executing securities, or if it will develop its own blockchain, as is the case with one of the company's competitors." Man, are these guys going to use Counterparty or not? During the last couple of months, our goal was to wrap up the large scale improvements to the Counterparty software suite, complete comprehensive security audits, and once the protocol reaches a mature state start focusing on and building tools and services around it. Symbiont is a step in that direction, developing products that will be utilizing this technology, and we’re very excited to see it be put into use in systems that power modern finance. Source: http://counterparty.io/news/counterparty-community-update-july-24/ |
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Ethereum released, which means we may be seeing an updated main-net Bitcoin/XCP port of the virtual machine soon. Counterparty will bring smart contracts to Bitcoin's vast outreach, hashing power and network security... and kick ass. |
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Honestly Mastercoin, and by extension counterparty, needs a true killer app. Sorry to say it, but it's not going to be financial services.
http://www.thedailybeast.com/articles/2014/03/31/speed-reading-michael-lewis-s-flash-boys.htmlA lot of the high-frequency traders, which Lewis asserts are at the heart of billions of dollars in costs are companies were unknown entities to many on Wall Street, let alone the general public. Companies (some now defunct) like Getco, Citadel, Hudson River Trading, Eagle Seven, Simplex Investments, Evolution Financial Technologies, Cooperfun, and DRW aren’t the bigshots featured in columns haranguing bankers in The New York Times. And yet at one point, says Lewis, Getco was responsible for 10 percent of the stock market. http://symbiont.io/niederauer-backs-smart-securities-startup-symbiont/Niederauer was joined by former co-head of trading at Citadel Matt Andresen, Getco founders Dan Tierney and Stephen Schuler, Allied World Assurance Company CEO Scott Carmilani, and Celeridem FinTech Fund. A Series A round of institutional investment is expected to close in the third quarter." Counterparty is doing some crazy $#%*!!! |
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I argue that Cryptocurrencies function as distinct religious beliefs, which affect ego permeability by playing into our natural tendencies to perceive attributes of money and value as inherently magic and spiritual. Source: https://www.linkedin.com/pulse/bitcoin-religion-filip-martinka-Do you think that cryptocurrencies are religions? That depends from the kind of people. There are people that made religious about any kind of things. If some of they will be affected to much about bitcoin they for sure will build a church in their home with the ASIC in the center of it and where will pray five time in a day that difficulty will not be increased and that they will have more and more bitcoins. That depends. The mining process is based on randomness, and countless theological scholars argue that randomness is insight into the mind of god. And empirically, it reflects the structure of the universe. |
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It wrong because bitcoin means something different to different people. The idea that meaning is universal is fallacious.
I can't be bothered to go into all the different things that bitcoin "means" to people but to some people its just something to make money off. To be honest I'm pretty much one of them. I do "believe" in bitcoin to some extent but I just mostly see it as a vehicle to enrich myself.
When I trade bitcoin I could be trading stocks, or pork bellies. I certainly don't "believe" in stocks, still less in pork bellies in any "spiritual" sense.
And when I read the bible I feel like I'm reading a fiction novel written by schizophrenics, but that doesn't disqualify it as a religion. You should be glad that you are not affected by this, although seeing it purely as a vehicle to enrich yourself is a bit shortsighted. The point of the article is to arrive where you already are, in a secular analytical perspective devoid of such apparitions of the mind. Absolutely no meaning is universal, and the article most certainly didn't state that it is. You're already where the article is supposed to lead people who have been blinded by spirituality. By denying it I guess you encourage more people to stay in their belief system (Bitcoin), which then again benefits you financially. Not that there's anything bad about that, but there's a staggering amount of people who perceive Bitcoin as a religion. I wrote this article because I was tired of seeing them, debating them, and having to deal with irrational behavior. I felt like someone finally had to address it. Cryptocurrency cults and personality worship cost a lot of people everything they owned. Paycoin was a vacuum of hundreds of thousands of dollars senselessly burned. Some people convinced their grandparents and parents to buy, with disastrous results (like not being able to pay medical bills). The most bizarre reactions here are the Christians who didn't read the article, and feel the need to defend their own religion and god. Do you feel that threatened by Bitcoin? I don't see such posts in threads about Islam or Judaism or Hinduism... but somehow this draws them out. Why? Also, why does the catholic church feel the need to brand bitcoin as the "mark of the devil"? |
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