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What are some of the outstanding challenges facing the Counterparty Protocol? Not being able to escrow BTC. If this was solved effectively how much of an effect would that have??? I think it would be a very big deal (the DEx would be more useful than ever, for example) but I would like to hear the opinion of others. No Smart Contracts live yet. This is only a matter of time. Competitors - Ethereum and now Rootstock ( http://www.rootstock.io/). Anything else? |
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RootStock [http://www.rootstock.io/] is a reminder of the potential for the Counterparty Protocol to be the Bitcoin-Blockchain embedded smart contract system.
There should be good cross-pollination of ideas and hopefully interoperability between these projects.
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I would like to thank the Counterparty Foundation for the update. If you simply look at it from a Counterparty Protocol perspective - it was just a positive announcement that a serious company like Symbiont will use Counterparty as appropriate. Open-source projects can benefit hugely from the support and resources of a well established company in their domain.
The Counterparty Protocol remains as a maturing project that can be used by anyone to build additional functionality. If you are really concerned about the fiat denominated value of XCP you can build something to provide more utility to XCP.
Smart Contracts are coming.
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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. |
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lol. Entertining to see everybody get all riled up over literally nothing to do with xcp. Good pump though. You've missed a trick - there were two entirely independent pieces of news yesterday. One related to Symbiont (and Counterparty) and the other related to T0. People were riled up over the former wrt. XCP. |
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This may not be the case right now. But he did say via numerous channels that T0 is ledger-agnostic. |
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I wasn't far wrong - Byrne said T0 is "ledger-agnostic" and that it could use Counterparty. |
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Shouldn't this be on Blockscan??? https://www.blockscan.com/Edit: Not necessarily, depends on the version of the Counterparty Protocol that Blockscan are using versus what Symbiont are using. |
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It looks like the trademark is "SYMBIONT SMART SECURITY". Yep, my bad. No edit on Reddit for titles. Maybe comment to tell people? Good spot nonetheless. Yes, a comment to be more specific would be prudent. The "Symbiont" name is becoming more and more apt. SYMBIONT SMART SECURITY is probably better than SMART SECURITY because that is too generic and a bit meaningless. Soon "Symbiont" might carry the same positive connotations as "Blockchain" is beginning to acquire. "We're using the Symbiont infrastructure to interface our internal ledgers with the Blockchain". Not much additional information in the filing. *IDENTIFICATION: financial services, namely, providing a virtual currency for use by members of an on-line community via a global computer network |
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Check out this thread on Reddit - https://www.reddit.com/r/Bitcoin/comments/3eznm7/how_many_here_own_bitcoin_american_banker/. In the photo - https://i.imgur.com/VVoagP1.jpg - Adam doesn't have his hand up in response to the apparent question, "How many here own Bitcoin?". Surely he even owns at least a bit of BTC dust to move around Counterparty Assets?! I wonder was the question in fact "Can the Blockchain Really be separated from Bitcoin?" as we can see in the background on the slide. IIRC that is Adam's primary position - that you can NOT separate a Blockchain and it's tokens. Which is indeed the correct answer. |
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http://bravenewcoin.com/news/merchant-bank-backs-blockchain-startup/For the time being Symbiont is using bitcoin blockchain technologies because they are the most tested and reviewed out of the technologies in this very new field, a very important thing considering that real money and assets will be traded on these systems. But the startup also recognises that the Bitcoin system has drawbacks, most pointedly that financial institutions are uncomfortable using it, Symbiont is therefore developing several non-digital currency ledgers. According to the company, non-digital currency and bitcoin ledgers will both have a place in the emerging industry with each offering different advantages. This could be interpreted in a number of ways but I definitely see the positive side - committing transactions (and data) to the Bitcoin Blockchain could be viewed as the last mile of a financial process. Symbiont will facilitate that, but they will also work on the systems that will be internal to the financial services industry. These systems can then be made to interface seamlessly with the Bitcoin Blockchain components. Very Factom-esque, but with a laser focus on financial services. TL:DR Symbiont will provide a full-stack of financial services tools.
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Over the last year and a half, Counterparty has evolved into the most advanced platform for creating financial instruments on top of Bitcoin, used by an increasing number of innovative projects. 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. I don't understand the emphasis. The Counterparty Protocol is a purpose-built financial services layer on top of Bitcoin. XCP tokens are the necessary analogue of BTC (wrt. transaction fees) to prevent abuse of the upcoming smart contract system. Symbiont was founded in part by the founders of the Counterparty Project. Of course the emphasised sentence holds true. A liquid XCP/BTC market (particularly on the DEx, via semi-centralised means or othewise) will actually make it look like the smart contract fuel is being paid directly with BTC with the XCP supply regulating the perceived BTC fuel fee. A very clever self regulating system. |
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Those are some downright insane statements of confidence!!! Something is surely brewing... Indeed, the plan seems to be resonating significantly with those close to the applications of the technology. |
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^^ nice links, thanks.
Launch is when Ethereum launches and starts accepting pull requests again.
Is that a joke? and another competitor.. http://www.startupbootcamp.org/blog/2015/july/fintech-sbcstartupoftheweek-otonomos.htmlhttp://www.otonomos.com/Introducing a New Vehicle for Human Ingenuity:
The Blockchain Chartered Company™
Otonomos is engineering the world's first blockchain-chartered company, in which you hold your shares in the same way as owning bitcoins in a digital wallet."
No matter how dispersed your share ownership, our blockchain-native technology automatically updates your cap table and helps you govern your company using self-enforceable, smart contracts. One thing I've noticed with this multitude of blockchain startups spouting off buzzwords is they promise the world; everything is possible with their solution, yet at the current time the product is barely fleshed out beyond a concept stage. It's either a splash page contact form to request more info or a dead road to nowhere. Almost no working code. This particular example above charges a minimum of $800 for company incorporation (with a load of overpriced extras possible to add to cart). You can't do much else beyond that at this point despite how exciting the marketing blurb sounds. It's really reminiscent of the dotcom boom. Speaking of smart-contracts, anyone know the ETA on counterparty's mainnet launch? I thought it was initially due in spring but there's barely been any discussion on it aside from a press release last year. I understand testing takes time but Colored coins and co have no smart contracting. I fear counterparty could lose ground on a huge asset it has with advanced smart contracting on the bitcoin blockchain. Otonomos is a weak idea/execution. |
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