Counterwallet is back up.
tested yesterday + wonderful design, quite easy to handle, great clarity - some bugs |
|
|
|
what is the outcome for the protocol? explain to me like I am five  |
|
|
|
|
interesting project
I do not know if it is planned but a distributed/decentralized marketplace on top of the protocol would be a killer app
|
|
|
|
I don't see why xcp and msc can't coexist, I think there are some frightened investors over there :/
They will end up with similar feature set, so unlikely both will be successes. The main problem for XCP seems to be the lack of funds. Even though XCP has shown more competent developers, competing over a long time against MSC with lots of funds is difficult. there are at least a few hundred early adopters and burners who have interest in xcp succeeding additionally the developers say to be self-sufficient and had until now no problems even to fund premium auditing - I assume they did not create counterparty protocol to become rich no doubt msc has more money (even though we do not know, but it is highly likely), but why does it need >1000 btc to develop and run a protocol on top of bitcoin? |
|
|
|
|
I will never get why people argue by the price of 1 Bitcoin - have you seen the market cap? It is less than 8Billion, I think that is less than M1 of Mazedonia....
|
|
|
|
|
in economics there is something called optimal currency region - that is why bitcoin makes sense regarding "internet money" and national cryptocurrencies do not make that much sense. they actually have absolutely no advantage to bitcoin
|
|
|
|
|
do not get the argumentation - ether aims on completely different things than xcp does.
|
|
|
|
Regarding UI:
Yes, you need to read the instructions (tutorial) to use Masterchain web wallet. Sorry, it simply works differently than what you may be used to. This is mostly because Masterchain chose an unusual security model. However, within a few minutes, you'll have an "a ha!" moment and be off to the races. I have personally found it to be quite usable once I understood what was going on.
Please DO open issues on each of the github repos. We're devoting the remainder of March to making these wallets easier to use. Like Ron, I hope that omniwallet will be easier for casual users to use (won't require you to skim a tutorial before you can get started).
Regarding dEX:
Bitcoin/MSC trading is one-sided because posting a MSC buy order means nothing (it is unenforceable at best, spam at worst). Sure, you can signal your intention to buy MSC with BTC, but nobody can actually make you do it.
Once you are in the MSC ecosystem, order books are two-sided, and are automatically matched as you would hope.
Regarding speed of progress:
We've chosen to be more decentralized, with more implementations, and that means more time. Consequently we have a lot of beneficial cross-checking and redundancy (both technical and legal redundancy). However, we are narrowing down our number of officially supported implementations as we go forward to one PC wallet and one web wallet, as we have realized that the time sink of maintaining all these implementations is just too high.
I'm personally very happy with our progress. I realize it looks slow from the outside, but we are simply doing more, and our final product will be better for it.
You all know (or should know) that venture capital groups have lined up millions of dollars to pour into MSC-based initiatives. The Houstan hack-a-thon was completely dominated by Mastercoin projects. Probably 90% of the projects being worked on were targeted at MSC. Our competitors consist of several systems which have a long way to go to catch up with us, and one knock-off which literally forked our spec and rushed some half-baked stuff out the door.
I'm not saying that our project can rest on our laurels, but rather that we have the momentum right now, and we don't intend to lose it.
I am interested in the long term success of both xcp and msc, but to call counterparty a half-baked project running out of money is like a joke. they hired two of the most well-known experts (lerner and todd) to audit the protocol. you guys even paid a bounty to get to know at which state of developtment counterparty is https://bitcointalk.org/index.php?topic=509616.0  . I am completely with you that the door needs to be open for institutional investors, and I believe that this metacoins/ bitcoin2.0 have a huge potential to make cryptocurrency really really superior to normal money - the idea of programmable money becomes reality here. anyway I also think that this was bad and unneccessary regarding pr. |
|
|
|
i am also in all three projects (msc,xcp,nxt), what makes xcp or msc "easier" or let us say more useful, is that it is on top of btc. so people can send btc directly into the protocol, without first changing it on an exchange. second point is that the btc blockchain is proven for a few years... . for example xcp has engaged sergio lerner and peter todd for auditing, both are well known heads in the bitcoin community. nxt is trying hard to get their code audited by a third person. anyway nxt is very promising in the longterm, but the useability is limited regarding adaption - what it needs is time |
|
|
|
We don't even have an acceptable logo yet though right ?
Well whatever we can do to help you with your video - please let us know, Branding is important as nakaone pointed out, and that does need to be ironed out I'll Get Started Storyboarding ASAP. Is there any bounty raised yet ? Maybe I'll make a Teaser to get the bounty started eh? No bounty raised yet, idea has only been introduced today Tirapon and myself will put in 100 xcp each the only coin, including bitcoin, which has a strong branding is doge: this indeed is partly given by their meme, which is nothing like a new form of culture. i do not think that it is their swarms or their massive marketing (nxt etc. are trying that too and are more or less failing). it is the idea that they exactly know what doge is and what it is useful for. we have brilliant developers and a very strong/nameful auditing, additional this text http://www.ofnumbers.com/2014/03/04/chapter-3-next-generation-platforms/ quotes a well known professor in stanford to xcp. and by the technical nature of this product it probably makes sense to brand it as something elitist/superior (just my suggestion). anyway bountiful told that he is a professional regarding branding, he is widely active here and on counterparty.co - maybe he could talk to the main developers about their idea of xcp in mid/long term and than suggest an idea how to brand xcp/counterparty. |
|
|
|
in my opinion before doing "marketing" a kind of branding of xcp/counterparty is neccessary - bountiful had a very good approach about what xcp/counterparty is in the forum:
I would start with words that best describe the Counterparty community, the developer team, and the mission of the code and the project. For example, here are my words that come to mind when I think about the community:
Fast
Trustless
Burn
Proof
Peer to Peer
Decentralized
OpenSourced
CommunityDriven
Innovative
Github
Forums
Discussion
Build
Bet
Assets
Issuance
taken from: https://forums.counterparty.co/index.php?action=post;quote=1245;topic=180.0anyway i do not want to discourage making a video and will likely donate for it, but we need to make sure what we are promoting |
|
|
|
If xcp = msc I will be a rich man. I was poor my whole life.
me too! and if xcp=msc(which mearns that xcp=0.12BTC), i will donate my 10% xcp to the XCP team.  I'll definitely donate several thousands of dollars to the developers me too It is always funny to see how billionaires-wannabe turn this around. *If I am a billionaire thanks to you, I will give you one million*. Right, this is EXACTLY how this works. What you should understand, is that magic internet money will not X1000 over night thanks to a miracle, and the devs need our support NOW, to spread the XCP love asap. This is key for the success of the protocol. I know halfcab made a few donations, and so did I. So please, if you want to be a real good Samaritan, you can either give money now, or just STFU. Thanks for your cooperation. how much did u donate? That member behaves like a rabid canine, there's no reason for it. The developers have already stated they are self sufficient and I personally donated 2 btc. I do side with his point of donating before the fact rather than later, just don't think people will get the message when they have to Wade through the attacks. I don't expect the greedy guinea pigs to either donate or get the message. You either do something real or not. There is no other alternative. Anything else is just a fake warm feeling for the greedy guinea pigs to fool themselves into being a part of the *community* or whatever this thread is. So, either you do something and you might open your fat mouth if you want (don't feel you have to), or just STFU. The hostility is unfounded. You should save your sarcasm for troll comments on YouTube videos, otherwise it's not constructive here mate. If we could get, just even 1 greedy guinea pig less posting here, then, this is totally founded. You either support your investment, like you are doing, or you should just keep quiet. Having his ass between 2 chairs is just a terrible situation, we don't need to know in this thread about the greedy guinea pigs' dilemma and / or lack of grey cells. every person has different purposes for alt/metacoins, some just want to pump and dump to get more btc or even more fiatmoney. I am interested in this stuff long term, maybe partly due to ideologic reason, partly due to the superiorty of cryptofinance in comparison to normal finance. I do not disrespect the pump and dumpers, but this community does not really consist of these people, or at least the fraction is not huge. when you invest in something innovative you are not there for pump and dump. anyway i decided before burning to donate 10% of all my xcp created for different bounties and wanted to donate 1% per month, but i think development in the beginning is much more important than in the end so I donated more in the beginning and let the rate decline. but we do not need to be disrespectful to persons, because they are following different purposes. when they dump people who are interested in the product get the coins cheap, which is good long term |
|
|
|
We Def. Need a MSC/XCP exchange.
MSC/XCP = BTC/LTC i got doubts if i get it correctly msc can only be used as an asset creator in the end of spring (whenever that is; end of may?). I do not know when they start their web wallet which does not need to synchronize to bitcoind, the release today is much more comparable with xcp a month and a half ago, with a better gui. regarding market cap in the mid run (3-5 months) i expect at least parity, probably xcp will even be worth more than msc, with both market caps rising. in the long run I see them both succeeding. Disclaimer: I also hold quite a bunch of msc. |
|
|
|
|
we do not need to dismiss him, this guy is a genius regarding business investment. but afaik he is using a somewhat fundamental analysis for his investment decision for evaluating the intrinsic value of a company etc.
obviously this does not work with bitcoin,because it is somewhat complicated to estimate the intrinsic value of this technology. I would not care so much for his opinion, he probably took at most 30 minutes trying to understand what this strange digital stuff is and dismissed it due to his mechanics of evaluating investments.
|
|
|
|
|
wow - it needs bitcoin to rise to around ~ 755$ even if berkshire rises by almost 20% within this year?
the guy betting on the berkshire asset really needs to have balls or he has serious insider information regarding bitcoin. a market cap of around 10-11 billion dollar for btc on the 15.03.2015? with all the positive mid term news for bitcoin? if I would be a whale that would be a snapcall
|
|
|
|
Jesus who's still buying this crap Mastercoins got it's own DEX now.
Your methodology is unbecoming. I simply have nothing better to do! [quote auther=Chang Hum] well excellent it would seem nxt and mastercoin are both dead now Shocked I think me he may be joking -- Oh sarcasm? I can appreciate that. [/quote] will never understand this artificial battle between msc and xcp - there will be more than enough place for both coins, and for me it is likely that both succeed. there will be a niching between msc xcp and colored coins and the smart money is seeing this |
|
|
|
I am holding about a 70% BTC, 30% LTC portfolio. I have been much more profitable on my LTC because of my dollar cost average of everything. Obviously, it is also because I was a little bit behind on my timing for buying the majority of my BTC. I don't think LTC will ever reach 1/4 of the value of BTC, but the ratio will most likely increase to significantly higher levels than now. I think it is mainly attractive because of the confirmation times as well as the psychological thought that it is the "next best thing" for people who feel they missed the boat with BTC
LoL, Who in his sane brains will think that LTC is the "next best thing"??  LTC has been here long time ago and it has already his massive pumps and dumps. It is more reasonable to take a look to any of those 2º generation cryptos like nxt, etherium, xcp and so on. Most of them probably fail loudly, but I am sure one of these is called to be the "next best thing". +1 well this is a thread for daytraders, but I think regarding function they have the potential to add a somewhat cryptofinance to the sphere. But especially the protocols build on top of Bitcoin have quite a high rate to succeed, we will see |
|
|
|
|
I normally liked MPTs critique, because it was constructive, anyway I do not get the argument here. How do you expect an early stage proof of burn system to be managed? Isn't the nature of pob that it is quite centralized in the beginning? well you can argue that only pow can be truly decentralized, or that a voting system is needed. But this is really close to trolling. Anyway in the long run this critique is in some way valueable, because a second instance of consensus is missing. But in the short and middle run for me the mixture of "centralization" of development + open source is a good solution.
|
|
|
|
|
afaik iran hast quite a high level of education at least at the top, is full of natural ressources and run by a horrible regime, with horrible economical restrictions. does not seem to be the worst place for bitcoins.
|
|
|
|
|
Show Posts
