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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: October 23, 2014, 05:29:46 PM
Doesn't Counterwallet give warnings about using BTCPay anyway?

Not in any very obvious way, no. It certainly doesn't give warnings that the issue is being abused by a couple people. It's one thing if an order drops because someone accidentally logs out, that's bound to happen a few times. It's another if there are a couple people actively abusing it to game the exchange.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: October 23, 2014, 04:59:54 PM
Solid feedback. Thanks for taking the time to report the issue in detail.

No problem, I'm just trying to think about how newcomers will approach counterparty/counterwallet, first impressions are important!
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: October 23, 2014, 04:45:13 PM
Please appreciate that this only occurs for BTC trading. There is no need to bash the entire DEx for that. There are ways to improve the BTC trading experience. These are being explored/developed. Try using XBTC instead, for example.

Not trying to bash the entire DEx, but it's silly to assume that the majority of new people coming to counterwallet won't be operating in BTC, though. It's not unreasonable to give people fair warning about the fact that BTC on the exchange, does not function very well. It should be visible somewhere on the exchange or wallet itself, not buried in this thread..
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: October 23, 2014, 03:46:00 PM
The developers are very aware of the problems with BTCPay in the DEX (although it is interesting to hear them spelled out in detail).  That is the reason why at the top of the Counterwallet, there is the notice: "The easiest way to buy XCP is to use Quick Buy in Counterwallet. For traditional exchanges, click here."  Buying XCP with BTC should be done using Vennd (Quick Buy), and selling XCP for BTC should be done using a centralized exchange.  IIRC, they announced a while ago that they are working on a solution to the BTCPay issue.

Buying and selling assets for XCP, on the other hand, works pretty well.

Ok, I'm just saying they should not have the xcp/btc exchange open right now. I've seen people complaining about it all week and it simply does not work. It should just be closed for now until they sort out btcpay because it's opening the door to financial loss for new people. That post you quoted is from august and there's no way I could find that in this thread easily. There should be an announcement about the exchange posted somewhere accessible, to discourage BTC use currently. Devs being aware of the issue, and new counterwallet users being aware, are two different things of different importance.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread on: October 23, 2014, 03:23:08 PM
I had to register just to ask this. Can you guys please fix or address the decentralized exchange in Counterwallet? It's nigh unusable at the moment.

It is possible to tie a sellers coins up for 3+ hours and sometimes more, if a person buys an order and then logs out of Counterwallet, the BTCpay will simply remain in an unconfirmed state and hold the sellers coin/asset in escrow indefinitely, until it cancels. The only option for the seller is to cancel his order at a fee, or wait an indeterminate amount of time for the order to expire. This is completely unfair and opens the door to serious gaming, which is already happening.

At least one seller has been gaming the market and indefinitely tying up other sellers coins. He lists his own XCP at 15% higher than poloniex and bter, anyone who sells under him gets their orders "bought" by him, and held in escrow so they are off the order list entirely, leaving only his inflated coins to buy. Whoever does this has 2-3 BTC wallets and has been holding other sellers funds via this logout method for days now, while he trades his own BTC/XCP to himself to distort the market value and try to catch some noob willing to pay too much.

Please address this issue, or make a public announcement that the exchange should not be used until this can be amended, because all it does is cause pure frustration and ties my coins up in limbo for hours unless I pay to cancel my order. I still have 0.1 BTC floating aruond somewhere that hasn't been returned from a 4 day old order. Of all the orders I've put up, only 6% have actually gone through. 94% have expired. It's ridiculous and should not be open in its current state.

All this exchange will do is scare off new people if that's their first experience with counterwallet. I've already seen 5-6 new people complaining about the exchange and about this glitch since I started reading chat a lot, just over a week ago. If the userbase picks up and newcomers think they can do arbitrage or something and place orders once they see that they've "sold" their coins, there will be some pissed off folk. I really like counterparty don't get me wrong, the exchange is just busted as hell and being gamed by 1-2 jerks.
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