sorry if already answered, but do you care to share why you think @220 will be the "real" bottom? (serious question)
It's because the triangle cult has blind faith in their trendlines. Of course if the lines fail, they will have a crisis of faith, which leads to dumping.  It's how markets work. So current price is determined by the price of 2 to 3 years ago? |
|
|
|
Just a small offtopic post to warn people for the new Case hardware wallet: They brand themselves as being the most secure hardware wallet, because they use multisig, but i wouldn't call it secure. Why? Key A is stored in the devcie Key B is stored in the company's cold storage Key C is stored on the company's server encrypted with a UDEK (User Data Encryption key) The UDEK is stored in the device as well. When you want to send a transaction, you sign it on the device with your fingerprint. The device sends the partially signed transaction (with key A) along with the UDEK and your fingerprint details to the company server. The server decrypts key C, signs and broadcasts the transaction. If you loose your device, you need to answer security questions and the company will take key B from the cold storage. They also have your UDEK in cold storage and they use that to decrypt Key C after you confirm your identity by using a temporarly device to scan your fingerprint. The company will send your bitcoins to a new device or another wallet. The problem with this scheme? A company employee can take the UDEK + Key B from cold storage, decrypt key C and steal the bitcoins. *** So for now, Trezor will still be my first choice and recommendation towards new bitcoin users  A proper way should be let the user themselves to store the Key B in their lockers. Then the users don't need to use the locked key B unless they lose the devices. Moreover, then the users don't need to worry about their coins stolen by the case Employees in any case. |
|
|
|
People post because that is what you do on a public forum. I guess that sounded a bit harsh, but that was not my intention. I am just curious why you guys have so much faith in this company. I honestly am not trying to troll here.
The reason is simple, no matter how bad AM performs, people have to stay because there's no alternatives. It's the only one in the BTC stock market now. Others are almost all scam or failure. |
|
|
|
multisig is almost ready, and Trezor should work today AFAIK This was the reply from Adam in previous post. I am not sure whether Adam means we can already use Trezor address to send XCP already. |
|
|
|
|
How about Trezor support?
Sorry, realized this is an update of counterpartyd, not counterparty wallet.
|
|
|
|
I think you need 0.5 XCP to create an asset and probably some other operations which requires to burn XCP so the price of XCP is suppose to be tied to the success of Counterparty this is as far as i can understand about Counterparty, which is still not much Just some clarifications：
1 xcp is NOT a stock. It is NOT a share of counterparty. There's no IPO, and no money goes to the devs at all.
2 the price is completely created by the market (a very shallow one), and no one is responsible for it. It's just like BTC, and no dev or PR (do we have one for BTC?) should be responsible for the price.
3 therefore there's nothing wrong for someone to buy when he knows some good news or to sell when he knows something bad.
4 the success of counterparty has nothing to do with the price of xcp or how many people earn/lose money by speculating xcp. It soly depends on whether counterparty protocol is usable and useful.
hahahahhaahhahahahahahahaha oh wait hahahahahahahahhahahhaha you have NO IDEA what you are talking about Could you please change those haha into something more meaningful? If I am wrong, please point out my mistakes. This thread is supposed to give people useful information rather than meaningless words. The 'price' I mentioned is the current price in a shallow market with very limited liquidity and when counterparty is still in the early stage and not many assets exist yet. As I said before, the current price is just noise and whether the speculators gain or loss has nothing to do with the final success of counterparty. |
|
|
|
Just some clarifications：
1 xcp is NOT a stock. It is NOT a share of counterparty. There's no IPO, and no money goes to the devs at all.
2 the price is completely created by the market (a very shallow one), and no one is responsible for it. It's just like BTC, and no dev or PR (do we have one for BTC?) should be responsible for the price.
3 therefore there's nothing wrong for someone to buy when he knows some good news or to sell when he knows something bad.
4 the success of counterparty has nothing to do with the price of xcp or how many people earn/lose money by speculating xcp. It soly depends on whether counterparty protocol is usable and useful.
hahahahhaahhahahahahahahaha oh wait hahahahahahahahhahahhaha you have NO IDEA what you are talking about Could you please change those haha into something more meaningful? If I am wrong, please point out my mistakes. This thread is supposed to give people useful information rather than meaningless words. |
|
|
|
|
Just some clarifications：
1 xcp is NOT a stock. It is NOT a share of counterparty. There's no IPO, and no money goes to the devs at all.
2 the price is completely created by the market (a very shallow one), and no one is responsible for it. It's just like BTC, and no dev or PR (do we have one for BTC?) should be responsible for the price.
3 therefore there's nothing wrong for someone to buy when he knows some good news or to sell when he knows something bad.
4 the success of counterparty has nothing to do with the price of xcp or how many people earn/lose money by speculating xcp. It soly depends on whether counterparty protocol is usable and useful.
|
|
|
|
Seems really nice and much cheaper than Trezor. However, before it has its own screen in next version, it's still not safe enough during the seed generation. You still need to find a safe computer to generate seed and display them. |
|
|
|
XCP is going to #2 market cap. Give it a month or two.  To increase another 15 times in one or two months does not seem to be possible, although I wish I am wrong. Unless we see many popular applications built on the smart contract, but verifying security itself may take more than two months. |
|
|
|
Well my fellow investors here is the latest from Wood Technologies LLP:
We write to confirm that the CipherMine (‘CM’) restructure plan has been approved.
In accordance with that plan:
1. A new entity, Ciphermine Limited, has been incorporated in the UK;
2. The ‘share’ in the start-up crowdfunding platform CipherTrade (‘CT Share’) has been transferred to Ciphermine Limited. The CT Share has been calculated on the basis of a contribution at the relevant time by CM of USD $20,000, and equates to 10% of CipherTrade;
3. 100,000 shares in Ciphermine Limited have been allotted, and will be available for subscription based on pro rata holdings of the CM B1 ’bond’ (‘Bond’) (e.g. 1 bond = 1 share, 2 bonds = 2 shares etc);
4. The subscription process is as follows:
a. You will sign up for an account at ciphertrade.com (if you have not already done so);
b. You will complete the KYC process;
c. If you are a US citizen you will be unable to subscribe unless you can demonstrate that you are an accredited investor in compliance with US securities laws;
d. By mid-December the number of eligible subscribers will be assessed (‘Eligible Subscribers’) and they will be sent a subscription agreement for signature;
e. On receipt of a signed subscription agreement, shares in Ciphermine Limited will be issued to Eligible Subscribers (‘New Shareholders’);
5. CM’s mining assets are being sold, and will be added to an asset pool with the remaining cryptocurrency mined (which at today’s rates is worth approximately USD $10,000) (the ‘Asset Pool’). The Asset Pool will be distributed on a pro rata basis to New Shareholders;
6. Eligible Subscribers will have a maximum of six months from the date of this communication to subscribe for shares in Ciphermine Limited (i.e. by 24 May 2015). On expiry of that period, any remaining balance in the Asset Pool will be distributed to the New Shareholders.
Finally, please note that by signing the subscription agreement, you will do so in full and final settlement of any claim you might have, or have had, against CM’s ‘shareholders’ and/or any other individual and/or legal person, arising out of or in connection with CM and/or the ‘Bond’.
Yours faithfully,
Wood Technology LLP
So maybe we will finally get this mess cleaned up.
================================ From the last balance sheet: BTC Balance (BTC-TC) 0 CIPHERMINE Bonds 260.56000000 BTC Balance (Wallet) 150.79576392 Dividends (Wallet) 3.27310018 TOTAL ASSETS 414.62886410 Outstanding MINING 152575 Outstanding SELLING 152575 Outstanding PURCHASE 10479 Effective Units 163054 ================================= As we know, the CipherMine B1 is at 0.01BTC per bond when it launched. Therefore, DMS has 26056 bonds, and will be converted to 26056 shares of Ciphermine limited if this agreement is signed. In other words, 26.056% of Ciphermine limited, which at most is $30000 (or $20000?). Therefore, at best DMS will have around $7500, or 20 BTC. Less than 1/10 of its redemption value. Remember what they said? "-- CipherMine has the right to redeem any bond in full with one month's notice to the bond holder at face value plus 12% less the number of months since issue. For example, after three months the redemtion value would be 0.0109 BTC/bond, and after 12 months the redemption value would be 0.010 BTC/bond. The redemption value will always be at least 0.010 BTC/bond." ==================================== But anyway, wish this removes the last excuse of why deprived choose to hide himself. |
|
|
|
|
Why suddenly so many ADs here?
|
|
|
|
XCP just broke the top 5 list of cryptocurrencies by market capitalization, surpassing Dogecoin. Congratulations everyone!
Returned to 5th. Was there before dropped to 6th. |
|
|
|
1btc turning into 10k is nothing. NXT turned 1btc into a couple million if you bought at ICO and held.
speaking of... what was the NXT ICO price? i just got involved in crypto leading up to last bubble... litecoin/peercoin/namecoin was still cool, heh and the NXT UI looked like crap :-p 21BTC collected at IPO, now around 51000. Peaked at around 120000. |
|
|
|
so in other words- will the system automatically distribute fees to addresses? trying to understand the envisioned mechanism
He fees will be burned (destroyed), thereby reducing the supply. How quickly will the supply be reduced? This is taken from the main article- "The simplest and most robust way to make this payment will be just to destroy the fees, and to thereby reduce the money supply, as this is equivalent to paying the fee out to all holders of XCP in proportion to the size of their holdings. Unlike with Ethereum, the fees will not be constant values, but rather fractions of the total extant supply of XCP, so that no amount of computation will deplete the supply of XCP and drive it into negative territory: the divisibility of XCP ensures that there will always be enough XCP." So to expand on that, maybe the initial fee is set at .1 XCP, which comes to 1/26,470,780 of the XCP supply. This fraction is kept constant. This .1 XCP is burned. This reduces the supply by .1 XCP. The next fee will be very slightly less than .1 XCP. The fees will get smaller (in XCP) as time goes on, but they will remain the same proportion of the existing XCP supply. I would hope that over time as the money supply gets smaller, a re-denomination will take place, so ".1 XCP" becomes "1 NewXCP" so that we're not chasing decimal points all over the place. To answer the question, the supply will be reduced as quickly as people make these contracts. Potential problem with the 'burn the fees' model: If the fees are all burnt to a given address (like the 1Counterparty address used for the original burn), which is surely the easiest solution, then these transactions will be easily blocked by hostile miners. What you described is the way to burn BTC, not XCP. Burning XCP is just to reduce it from the original address and make it disappeared. |
|
|
|
|
Anyway, really nice to see this post pop up again. I almost forgot my 10+ BTC is still in the hand of Deprived.
|
|
|
|
I'd like to sell 4000 XCP @ ~0.009BTC each.
PM me if interested.
May I suggest you go to poloniex or Bter instead, or create a buy/sell thread? Thanks a lot. |
|
|
|
|
May I suggest to move all the posts speculating XCP price to their own thread?
|
|
|
|
Hello, I am about to bring out a coin (or I guess token is the proper word under your system). Anyway, it was recommended to me to utilize counterparty. I had only previously been somewhat familiar with it (hey, you can't follow them all!). Anyway, the preface is a way of asking your forgiveness if the following questions are stupid. I have read a lot about XCP, but some of it is pretty deep in the weeds and of course some of it is useless. Anyway, it seems like an excellent system, but I am somewhat nonplussed in a few areas. Speed seems to be a topic that comes up a lot as an area of concern. I have read the "18 Myths" article and they seem to brush it off, but I was wondering if that is true. Is it slower than BTC and if so, how much slower? Also, would my coin be offered on the XCP system only and is that community large enough for a successful coin? I understand that it can be on an exchange (Poloniex) if, I assume, some sort of criteria is met. Are there other exchanges possible as well? Finally, as hard as I have tried, I cannot seem to find a straightforward (and believable) answer regarding that Reddit post of a couple of days ago. This one: http://www.reddit.com/r/BitcoinMarkets/comments/2iu5xc/caution_counterparty_team_warns_of_fincen/Could someone either tell me the story on this in an easy to understand manner or point me to somewhere where it is addressed in such a way. 500 pages on this forum is quite a milestone, but it is also tough to pin down specific answers. Thank you Here's my two cents: 1) it's as slow or quick as BTC. Around 10 minutes. All Counterparty transactions are also BTC transactions. 2) coin can be exchanged in counterparty or those exchanges accept it (it's easy for those exchange already accept XCP). However, I think they will only accept those already successful ones inside Counterparty. 3) this depends on what your coin is. Personally I think you only need to worry if you sell it as a share of your company/project. If it's just an altcoin or a representation of an product, then it has nothing to do with Fincen in my opinion. You need to consult lawyer if you really concern about it. |
|
|
|
Gentlemen, I lost 5500 XCP. Consider this as a gift to the Counterparty community.  How?sorry to hear that. I copied a new passphrase on counterwallet to transfer my XCP, but I forgot to write it/paste it down.. I transfered my XCP, copied smthg else and.. it was gone.  Maybe some system will keep clipboard history. For example, if you happened to have Word open then, it will remember clipboard history. |
|
|
|
|
Show Posts
