Hey everyone,

Take a look at this thread

https://bitcointalk.org/index.php?topic=436951

They want to develop an 'satoshi themed' adventure game and use a  crowdfunding model giving the participants equity in the project. Currently they use Bitcoin addresses to track donations but really Counterparty would be a perfect solution for them. (issuing asset, paying dividends, and being traded from day 1 on a decentralised exchange).

This a perfect use case for the XCP and Counterparty protocol - I've already mentioned Counterparty in the thread but feel free to give them some more love.

Imagine a 'case study'  that could come out of this and great exposure for the game developers and XCP.

Give them some love and help me convince them to go Counterparty

UPDATE: the game is already trending on reddit http://www.reddit.com/r/Bitcoin/comments/1x2fl4/a_first_for_bitcoin_a_video_game_with_bitcoin_at/ and getting exposure so this could be a big win for both sides (game developers + counterparty).

Plus I'm guessing you could get some great exposure in the Counterparty community who could help you crowdfund the game and develop a first case study for the Counterparty protocol

Hey,

First of all - congratulations ! I love the idea of the game and the funding/equity model behind it.

Speaking of the equity - have you looked at the Counterparty protocol and decentralised exchange which just launched on top of the Bitcoin blockchain?

https://bitcointalk.org/index.php?topic=395761.0

It allows you to issue user generated assets and trade them from day 1 on the decentralised exchange for BTC. You could even pay dividends to the shareholders It is decentralised, operates on top of Bitcoin so as long Bitcoin is there the assets are safe.

It's still in beta but the core functionality is there. You might want to have a look:
http://www.blockscan.com/tx.aspx

Just a thought - I'd love to see these type of crypto-equity crowdfunding models being adopted by game developers. And for the first time ever it seems like the technology is there.

Hey,

Last week Vint Cerf visited Warsaw, Poland to give a lecture at the University of Warsaw. During the Q&A session, I asked him a question about Bitcoin.

I have a ton of respect for him and hoped to hear his thoughts on the Bitcoin technology itself rather than the volatility aspects. But it was a quick Q&A so I couldn't really ask a follow-up question. Plus he was speaking on behalf of Google and that made his answer even more vague and focused on use of cryptography in Google's products.

Anyway I think, it might be interesting to some of you.

Below is the rough transcript of his answer and the audio recording from the conference:

"Q: I wanted to ask you what do you think about the open source, decentralised, value-transfer protocols like Bitcoin and the others. It's been a big thing recently, and as you're the father TCP/IP,  I would like to ask you what you think about the "TCP / IP for the financial system" as Bitcoin is sometimes called.

Vint Cerf: Ok so you asked a lot of questions so I’m gonna put them all together. First of all, I am very uncomfortable with the Bitcoin idea. And the reason I'm so uncomfortable with it is that bitcoins don't have fixed value, they vary dramatically. And If I wanted the financial system either to pay for things or to receive payment, you never know what the value is and what you’ve got because tomorrow morning it may change by going up or going down, so I don’t find that to be a very persuasive way of doing commerce, I would like to have more certainty in the value of the thing.

But with regard to TCP/IP in the financial system there is more to financial _[can't hear] _than just those protocols. And the fact that you need to add to them a variety of cryptographic methods and strong authentication  techniques in order to make sure that the banking transactions  are properly protected. If you look at the SWIFT network for example you would find heavy utilisation of cryptography.

At Google we strongly believe that people should have what's called _2 factor_ authentication. This means that when you’re logging in and using a user name and password the system still wont accept your log in unless you also produce a cryptographically generated passwords which we would call a one-time passwords because you only use it once and it cannot be reused again, the system won’t accept it. You would have to have a little chip that you plug into the usb port or, if you have a program running in your mobile that could generate these cryptographic one-time passwords. So between the use of cryptography for confidentiality and the use of cryptography with strong authentication, we think those ingredients can put together an extremely strongly protected the system for government financial transactions and all kind of personal interaction as well…"

The audio recording is here:
https://dl.dropboxusercontent.com/u/513810/Vint%20Cerf%20bitcoin.wav