And done. It's in release 51, just pushed to google play and currently available here: http://lw.phauna.org/ Keep an eye on your XCP prices right along side your other faves  edit: so as not to clutter this thread with any further OT chatter about my widget, please, all widget-related comments to this thread. Nice! PS That mtgox data has to go ... eventually. (Can you believe xe.com is still using mtgox data?) |
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hey xcp guys. just wanted to inform you that i am diving into xcp now and doing research for ways to integrate into cryptocoincharts.info .. is somebody here willing to help me and give me some information whats the best way to get prices, orderbook and assets? please email me at office (at) cryptocoincharts . info
thx
If it interests you, you could even issue an asset on the DEX. No need for any centralized facility such as cryptostocks to get investors; read up on assets a bit and feel free to leave any questions here or on http://forums.counterparty.co. Others that are considering this include MoneypakTrader (who already has an asset, MPTSTOCK, issued), and Adam of Let's Talk Bitcoin (who is trying to figure out how to get it to work - see https://forums.counterparty.co/index.php/topic,53.0.html ). Counterparty is really so much more than "another coin", it's staggering. |
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What do you guys see for the future price of XCP? Trying to decide whether or not to invest now
Conservatively we should be valued at least with Mastercoin/NXT, if not significantly higher (due to many things in this project, that are actually working). We have yet to be featured in any sort of major publication (Coindesk, Bitcoin Magazine, mainstream media), and don't even have a working GUI yet, and our official client is still of alpha quality (though has features that are above and beyond the post-release versions of other coins). This is still the very, very early days right now. That said, a dip is occurring right now after that initial surge, which is typically a good time to buy in. (See what happened to NXT when it finally hit the mainstream). |
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XCP's market cap has now exceeded Mastercoin's!
P.S. Bear in mind, that the current valuation is WITHOUT a popular desktop GUI (bounty still being decided I think) and web wallet.
P.P.S. How long do you think it'll be before the media perk up and notice a new Top 10 (or even Top 5?) coin?
Please let it be after the new site is up. Yea, things are moving way too fast. I wouldn't mind for value to stabilize at 0.01 or even below until the whole metric ton of work in progress things comes out: - New site - New design - Web wallet - GUI wallets for Mac and Win - News articles - A whole bunch of guides and FAQs - (and the most important thing) real people issuing worthwhile assets and feeds for their projects |
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Current reward for burning 1 btc? Will this coin remain scarce?
The burn period is over. Buy orders via centralised exchange (poloniex) is currently at 0.01BTC per XCP meaning 100 XCP for every 1BTC. XCP has a fixed supply of no more than 2,648,756 XCP. This would not increase day to day, month to month or year to year, because there is no concept of proof-of-work mining to introduce fresh coins to the supply on regular intervals (and therefore inflate- Bitcoin would need approx 2.3 million $ of fresh income per 24hours in order to maintain it's current price level, XCP does not need to compensate miners ). This number could only ever decrease. (for example, with loss of private keypairs) so to answer your question, yes this coin has scarcity-value if that is what interests you. The real excitement will come when we begin to see web wallets, dramatically lowering the barrier to entry. real use of decentralised aspects of exchange, for example an asset issuer taking advantage of this mechanism XCP is the rarest of the coins! Recall that initial asset issuances destroy 5 XCP, permanently. So not just lost keys... (I'm thinking this fee has to go down at some point in the future, because of the rapidly appreciating value.) Perhaps, but I think the fee should also remain for now... The issuance fee is the only deflationary variable at the moment and it also makes spamming a little bit more costly. What I would like to see are high quality assets vs just pure quantity (number of assets) Btw, JimHsu thank you for the informative posts on reddit! You're welcome. Because of my "position" on the counterparty forums, I'm trying to be as neutral as possible (for things like reddit) while at the same time giving people enough information. |
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Current reward for burning 1 btc? Will this coin remain scarce?
The burn period is over. Buy orders via centralised exchange (poloniex) is currently at 0.01BTC per XCP meaning 100 XCP for every 1BTC. XCP has a fixed supply of no more than 2,648,756 XCP. This would not increase day to day, month to month or year to year, because there is no concept of proof-of-work mining to introduce fresh coins to the supply on regular intervals (and therefore inflate- Bitcoin would need approx 2.3 million $ of fresh income per 24hours in order to maintain it's current price level, XCP does not need to compensate miners ). This number could only ever decrease. (for example, with loss of private keypairs) so to answer your question, yes this coin has scarcity-value if that is what interests you. The real excitement will come when we begin to see web wallets, dramatically lowering the barrier to entry. real use of decentralised aspects of exchange, for example an asset issuer taking advantage of this mechanism XCP is the rarest of the coins! Recall that initial asset issuances destroy 5 XCP, permanently. So not just lost keys... (I'm thinking this fee has to go down at some point in the future, because of the rapidly appreciating value.) |
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I just saw a BTCpay of 7 a few blocks ago. Things are getting serious...
For those 'regret' threads: Do I wish that I had not sold some early and not burned more (even though I did go through most of my little bit of cold storage)? Possibly. Do I think about it? Nah. The way is forward, not back. Make projects, do marketing, get stuff done to earn more.
PS From the looks of it, most commentors on this thread probably burned more than me.
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I'm guessing that if this isn't a marketing effort, it's an attempt to associate identity with addresses - if someone receives these and replies in the affirmative with an address, well there's a hit. I'm guessing the effect is also temporal in nature (i.e target addresses within a certain balance range, or of a certain age to try to capture hits where the intended target doesn't respond with a specific address). For this reason, I won't reply whether I received these transactions, or what type of addresses could have received them. If people remember their history, this is sort of like cribbing as it applied back in WWII (now called a "known-plaintext attack"). In those days, the Allies made strenuous efforts to get Germans to produce messages with known content (i.e. location of a mine, or flying a spy plane in a particular trajectory), so that the Enigma cipher could be attacked. That seems possible ... in any case I transferred out of the wallet and am now using a new wallet. Frankly I'm amazed that people so freely post public addresses. I for one don't want people to know which wallet belongs to me. Exactly the thing though -- from cursory checking of a few cases for other people's addresses, it seems like public addresses are not in fact targeted to the same extent (what with people reporting cold wallet "attacks"). Your public addresses are known; therefore, this seems like an attempt to map "private" to public addresses. |
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I'm guessing that if this isn't a marketing effort, it's an attempt to associate identity with addresses - if someone receives these and replies in the affirmative with an address, well there's a hit. I'm guessing the effect is also temporal in nature (i.e target addresses within a certain balance range, certain hash range, or of a certain age to try to capture hits where the intended target doesn't respond with a specific address). For this reason, I won't reply whether I received these transactions, or what type of addresses could have received them. All I can conclude is that not every address is targeted -- anyone can verify that my public address below has not received these transactions. If people remember their history, this is sort of like cribbing as it applied back in WWII (now called a "known-plaintext attack"). In those days, the Allies made strenuous efforts to get Germans to produce messages with known content (i.e. location of a mine, or flying a spy plane in a particular trajectory), so that the Enigma cipher could be attacked. |
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Perhaps an issue with confirmations not being sent out. (confirmations aren't always sent out from bitcoin-qt every block). Looks like more user error than anything, but probably some error-trap logic locally would be helpful here. On the other hand, volume just exploded today (relatively speaking) on the DEX. Public exposure? |
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Just wait, takes some confirmations.
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We can use the reddit logo for now (since that at least has some public exposure) and decide on an official logo later.  A suggestion was made on this thread to possibly get a logo design competition running on 99designs.com. We definitely need something professionally done. https://forums.counterparty.co/index.php/topic,28.15.html |
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192px versions:    I will make source Illustrator files available if there is interest. |
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Is there an official XCP coin graphic that we can send to poloniex, all the other coins have graphics on front page of https://www.poloniex.com/XCP is already on the pending orders page there! Seems like very soon we can trade XCP on normal exchange coinmarketcap here we come! To speed up this matter, perhaps any of the below can be temporary used: http://take.ms/BASGm(These are some initial logo mock-ups we did for XCP some time ago - they are not officially endorsed by XCP team in any way). I tried quick coin icons too now,welcome to use temporarily until graphic designer turn up https://i.imgur.com/jjYtoEg.jpgi much prefer till now the plain style logos though, like diagonal stripe above black/white Theres a thread of logos people were making. I found a very good one there in particular. Ill edit my post with the link when I find it. is this the one u r refering to? https://forums.counterparty.co/index.php/topic,28.0.htmlI like the one in https://forums.counterparty.co/index.php/topic,28.msg71.html#msg71The two arrows are very clean and cool looking. Maybe someone who can photoshop can make a coin icon out of these that match the dimensions on poloniex.com's front page +1 I like the arrows design too Iterations on the arrows. Tweaked the line strokes because thin widths like that don't reproduce well on an actual logo.      I imagine anything now is temporary until we get a proper website redesign done. |
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My speculation? Adverse order flow toxicity. If you feel like learning, go read up on VPIN, order flow, information theory, and GARCH. |
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Thanks for the response. The volatility certainly does seem to be cyclical with a nice peak trough structure, as expected volatility is higher when there are large price increases/decreases. Theory would suggest so, as more people adopt bitcoin and it becomes more widespread in its usage volatility should decrease, at least according to macro economic theory. A futher aim of the research is to compare Bitcoin to another newish FIAT/traditional currency, i imagine if i get this far it will be the most difficult bit to do successfully. The goal is to see if there are any similarities I'm thinking an eastern European country however this may not be ideal as I'd prefer a left wing/liberal country as this would fit in with the ideology or thinking behind Bitcoin. The charts are great which program did you use to produce them? I'm using Gretl at the minute. BTC-e is that from a specific exchange or just a variation of traditional bitcoin. Is the X scale years/months/days? In terms of auto-correlation you would expect quite a lot but that isn't necessarily a bad thing and logically makes sense; the price this period is dependent upon previous periods. I'm going to go slightly beyond this though. GARCH stands for (Generalised AutorRegressive Condiotnal Heteroskedasticity). The variance of financial series is not constant over time like you said its not bell shaped/normally distributed it is 'fat tailed' there is also quite a lot of volatility clustering in financial markets. This is where high volatility is clustered or pooled. This is what i intend to model if there is a pattern of pooling or if pooling follows certain news announcements this would be helpful when trading the currency. 2.This is a much more difficult question. The way i see things panning out it should be a policy goal but to what extent is the real question. In order for bitcoin to become part of the fabric of society volatility needs to decrease, people will become more computer literate and accepting off a non-physical currency however peoples attitude to volatility is unlikely to change. We as humans like stability and thinking that we know whats round the corner so to speak. By decreasing volatility it then becomes more mainstream more likely that my Mum and Dad would want to use bitcoins, this is a good thing as it will increase the depth of Bitcoins impact into peoples lives as well as the scale. However there seems to be a lot of big money coming bitcoins way in terms of wall street types ( a good example would the Winklevoss twins soon to be launched ETF) i think they would prefer even less volatility in the market, get involved drive up the price of bitcoin more comission etc. (this is a very synical view). I think you are right in hypothesizing that traditional volatility measures wouldn't work, the question becomes what would. thanks again for responding to the post i'm sure if other realised the potential value of what i am attempting they would also get involved. Apologies for the short essay hope its not too boring. It's just excel (2013) for the charts. X-axis is in years (decimal) since inception of btc-e (a major bitcoin exchange). This is a small part of my long-term planning platform (which I won't be posting here). I'd advise you to look into commodities also to find something similar; BTC has many characteristics of a commodity (relatively stable production rate relative to value, limited supply, cyclical scarcity) as well as a currency (fungible, divisible, no "intrinsic value"). Might fit a commodity better than any other "traditional" currency (which is either pegged (to a commodity, no less) or can be printed infinitely). I can see why regulators such as FinCEN are confused -- as far as I know, bitcoin is the first asset (to ever exist) with properties intrinisic to both currencies and commodities. |
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The volatility of bitcoin is not important for its use as a money transmission mechanism, because it transmits instantly. There is no time window for volatility to affect the transaction.
Not exactly true as you are limited by block-level resolution (10 minutes, give or take). A lot can happen then (as we've seen, for example, April 2013). Furthermore, someone needs to hold the funds -- exchangers, merchant services such as Bitpay, etc. However the bigger issue is that the "money transmission" part of BTC is a very limited market compared to its perception as a store of value. Again part of the problem is the chicken and egg problem; how do you get merchants to accept BTC, and ordinary people to use BTC? |
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