I posted in this thread long ago, I no longer want to follow the threat (sorry) would anyone know how I could go about 'unwatching' it?
Seems not possible. Does it help by deleting what you said before? Btw, this is not a very busy thread, why not just read for fun from time to time  |
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This could use an explanation for those of us that don't speak weird random letters and numbers Thx Nxt will release its own Turing-complete scripting language before Ethereum. Turing-complete scritping language? Can you explain for non tecnical users It means that the blockchain will be able to do things by itself. It makes the blockchain alive. It is the Saint-Grail for some, hell for some others. It means that almost anything is possible, for better or for worse. The Pandora box will be open soon. The transaction becomes code and the node becomes interpreter. However, there's no luxury to tolerate crash on bugs or worse dead loop on buggy code. Now you can see how excite and meanwhile how risky it is. |
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Those buy orders in btc at counterwallet.io are really pissing me off.. none of them get executed, they just disappear, then if I don't want my order to hang on the sell order list for a week I need to cancel my order and try to sell it to the next order or what ever action I want while paying 3 times for all the fees in the process. Whats up with that?
Because BTC cannot be escrowed, it's really inconvenient to trade BTC on counterparty. There's no liquidity anyway. Have to go bter or poloniex for serious trading. |
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Gentlemen, I lost 5500 XCP. Consider this as a gift to the Counterparty community.  How?sorry to hear that. |
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Can anyone explain me where i find the XCP wallet? I bought some XCP on BTER and want to put it cold storage.
I only see github links but i cant compile.
https://counterwallet.io/ok so this is a web wllet. is that decentralized peer 2 peer or is this hosted? sorry for my mistakes but im not so good in tech It's not hosted; the private keys are generated client-side. we need a simple to install desktop version. c annot beleive it's centralised on a website! Your password never goes to the site. it stays on your machine and the wallet is opened through some hash trickery or something. Nobody ever has access to your private key, except you. Not impressed. You'r still putting all your trust in that website to submit transactions correctly and fairly for you. What ever happened to a wallet that you can run on your own machine? It is a wallet run on your own machine. Just the programming language is JavaScript and the browser is the interpreter. A program written in Other language will not be any safer. That said, an independent wallet is still a good plus. Maybe based on WebKit so less extra work to do. I would prefer a proper wallet on my PC. I ran counterpartyd, but have switched to counterwallet as its so much easier. A simple GUI for counterpartyd will do. Yes, that definitely helps. However, people still need to download bitcoind and the whole blockchain, re-index. That's almost 2 complete days. |
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Counterwallet targeted instructions can be found here: http://imgur.com/a/YWKaV -- in short: submit your wallet's address, copy the unsigned hex of the raw transaction and use "address actions" - "sign transaction" within CW. It looks like not only Luke is pushing forward to 80 byte OP_RETURN, but jgarzik as well: https://github.com/bitcoin/bitcoin/pull/5075Makes me sort of wonder about the underlying motivation and what has changed since the "general consensus" resulted in the reduced length of 40 byte. And this makes me especially wonder, if there are business interests involved that some of the participants of the discussion might be associated with. Thanks l lot, DexX7 and PhantomPhreak. If this can be put into counterwallet, then we can both help the users and the blockchain. |
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Can you idiot traders just stop dumping after it goes up 5 dollars? Just give it some damn room to grow for once. Don't worry, you won't get poorer if the price goes up.
Yes, they will. They are shorting BTC (maybe with 5x, 10x, or even 20x level) and will definitely lose a lot if the price shoots up. |
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It's better to until the proposal to reduce bitcoind initial download size mentioned by Gavin recently has been implemented. Otherwise, downloading more than 20G bytes itself is formidable already.
If you're talking about the invertible bloom filter stuff, that's not about reducing the size of the block chain but is about reducing the amount of data that needs to propagate when a new block is found. Bloom filters are as far as I know part of the push for an SPV client. This stuff is better discussed outside of this thread though as it is not specific to Counterparty. No, I am talking about this https://bitcoinfoundation.org/2014/10/a-scalability-roadmap/The download is still 20 GB even if you discard most of it later. I think a node can start working after downloading the header (around 25M) and the recent hundreds of blocks (around 200M). Then only UTXO data is needed to verify the transactions and they can be obtained from peers on demand. The UTXO data can be verified by a hash embedded in all new blocks. The clients certainly still need to store some data to secure the whole blockchain, but this can be done progressively and in the background. From Gavin's blog: After that, initial block chain download can be further optimized to ask peers directly for the UTXO set instead of reconstructing it by asking them for the entire history of the blockchain. The risk would be that they lie about what is spent and unspent, to try to get you to accept invalid transactions or create invalid blocks if you are mining. The best solution for that problem is to embed a “UTXO commitment” (a hash of all of the data in the UTXO set) into blocks, and adding a new consensus rule that any such commitment must be valid for the block to be valid.
The Future Looks Bright
So some future Bitcoin enthusiast or professional sysadmin would download and run software that did the following to get up and running quickly:
Connect to peers, just as is done today.
Download headers for the best chain from its peers (tens of megabytes; will take at most a few minutes)
Download enough full blocks to handle and reasonable blockchain re-organization (a few hundred should be plenty, which will take perhaps an hour).
Ask a peer for the UTXO set, and check it against the commitment made in the blockchain.
From this point on, it is a fully-validating node. If disk space is scarce, it can delete old blocks from disk.
Anyway, let's hope the 0.9.x be applied widely as soon as possible, so that OP_RETURN can be used to reduce UTXO set. BTW, I've heard there's a way to spend those multi-sig transactions used in encoding XCP transactions. Is that true or not? |
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Sometimes, when people concentrated on something too long, they forget that there're other choices. It's understandable for the heavy investors to look closely at the AM progress, but I don't see any reason for new comers to do so. We all know that no matter how well the AM performs, the mining industry can never be as profitable as last year, and we can never expect the dividend can be 6 times as much as the IPO price any more. AM may achieve around 20% network hash rate share again this year, but remember this time the profit margin is tiny (if not negative). Therefore, although the network share is similar to last year, the profit is way less.
I agree that maybe AM is still the only reasonable choice for investing on BTC stocks (considering most others are just scams or incompetent amateurs), but whether it is still reasonable to invest on BTC stocks or not is a big question mark in itself.
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It's better to until the proposal to reduce bitcoind initial download size mentioned by Gavin recently has been implemented. Otherwise, downloading more than 20G bytes itself is formidable already.
If you're talking about the invertible bloom filter stuff, that's not about reducing the size of the block chain but is about reducing the amount of data that needs to propagate when a new block is found. Bloom filters are as far as I know part of the push for an SPV client. This stuff is better discussed outside of this thread though as it is not specific to Counterparty. No, I am talking about this https://bitcoinfoundation.org/2014/10/a-scalability-roadmap/ |
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@DEV, do you know the most popular instant chat tool named wechat in China even in Asia, can you compare wechat and GEMS? It's very important to investors. http://en.wikipedia.org/wiki/WeChatThe main difference: wechat user count: > 0.4billion and it is based on the hugh user group already established on Tencent QQ. BTW, there are more competitors besides wechat: Whatsapp > 0.4 billion, now bought by Facebook Line > 0.2 billion KakaoTalk > 0.1 billion That said: Whether you can gain from the GEMS investment does not rely on how many users finally use GEMS, so invest based on your own judgement. |
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Can anyone explain me where i find the XCP wallet? I bought some XCP on BTER and want to put it cold storage.
I only see github links but i cant compile.
https://counterwallet.io/ok so this is a web wllet. is that decentralized peer 2 peer or is this hosted? sorry for my mistakes but im not so good in tech It's not hosted; the private keys are generated client-side. we need a simple to install desktop version. c annot beleive it's centralised on a website! Your password never goes to the site. it stays on your machine and the wallet is opened through some hash trickery or something. Nobody ever has access to your private key, except you. Not impressed. You'r still putting all your trust in that website to submit transactions correctly and fairly for you. What ever happened to a wallet that you can run on your own machine? If you wish to have this level of control, install counterpartyd. You need bitcoind or bitcoin-qt running on the same machine and have to do a bit of configuration. http://counterpartyd-build.readthedocs.org/en/latest/BuildingFromSource.htmlAs I said from the begining, I want and easy to install wallet with decentralized exchange GUI, not a buch of clunky command-line interfaces. That does not exist yet, please check back later. Sorry for the run around. It's better to wait until the proposal to reduce bitcoind initial download size mentioned by Gavin recently has been implemented. Otherwise, downloading more than 20G bytes itself is formidable already. |
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Can anyone explain me where i find the XCP wallet? I bought some XCP on BTER and want to put it cold storage.
I only see github links but i cant compile.
https://counterwallet.io/ok so this is a web wllet. is that decentralized peer 2 peer or is this hosted? sorry for my mistakes but im not so good in tech It's not hosted; the private keys are generated client-side. we need a simple to install desktop version. c annot beleive it's centralised on a website! Your password never goes to the site. it stays on your machine and the wallet is opened through some hash trickery or something. Nobody ever has access to your private key, except you. Not impressed. You'r still putting all your trust in that website to submit transactions correctly and fairly for you. What ever happened to a wallet that you can run on your own machine? It is a wallet run on your own machine. Just the programming language is JavaScript and the browser is the interpreter. A program written in Other language will not be any safer. That said, an independent wallet is still a good plus. Maybe based on WebKit so less extra work to do. |
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One good thing that will come out of this that BTC cartel will realize that XCP is actually enhancing its usability. We will have less of Lucas Jr. types trying to police the transactions.
Actually Eligius (Luke Jr pool) is the first to process OP_RETURN 80 bytes transactions. Wow, didn't know that. I remember him coming over in this thread several months back and being very aggressive and threatening. That was when I realized the problems of BTC centralization by the cartel. Counterparty is still in the blacklist of his bitcoind. Only the format harmful to Bitcoin. Didn't you change to OP_RETURN months ago? For all of the transactions to work they need 80 bytes. Some way along if I recall correctly, there was an attempt to put certain transactions through with an OP_Return (40 bytes) but that was shelved aside as the transactions were taking longer than usual (possibly due to miners blocking/not processing OP_Return ??) I am assuming that once the OP_Return (80 bytes) is "mainstream" the shift to using OP_Return will occur As far as I know, simple send is already encoded as 40 bytes OP-RETURN, but will only be put into the counter wallet when majority of nodes and mining pools use 0.9.x |
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One good thing that will come out of this that BTC cartel will realize that XCP is actually enhancing its usability. We will have less of Lucas Jr. types trying to police the transactions.
Actually Eligius (Luke Jr pool) is the first to process OP_RETURN 80 bytes transactions. Wow, didn't know that. I remember him coming over in this thread several months back and being very aggressive and threatening. That was when I realized the problems of BTC centralization by the cartel. Counterparty is still in the blacklist of his bitcoind. |
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Ok. so if i understand correctly, i can use BTC adresses to send my counterparty to?  Only BTC addresses you have private keys. So it means you cannot send to your address in exchanges or some online wallets you don't have private keys (bitcoin.info wallet is fine). Ok so if i make a wallet with Multibit, and safe that keys (wallet.dat & password) i am good to go? Yes. |
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Ok. so if i understand correctly, i can use BTC adresses to send my counterparty to? Only BTC addresses you have private keys. So it means you cannot send to your address in exchanges or some online wallets you don't have private keys (bitcoin.info wallet is fine). |
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One thing may help us to know why the price does not go up. There are so many people here hate the dumper but almost no one thanks the dumper for the cheap coins.
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Anybody remember when the price went up and you thought shit I should have bought more coins while they were cheap...
... well now you can !
When they WERE cheap, not when they ARE cheap.  |
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I think this will be the last couple of days that 400 holds, I think we will be visiting 300-360 soon enough.
same, generally, but the time part is so hard to nail down. it's impossible to get the short term details right, but everything has been pointing for me to that general range. we could bounce a bit, hell, given all the shorts taken out at 400, we could bounce 30 or 40 points, but i think low-mid 300s are coming in the next couple weeks. There are no buyers. It's that simple. The result of 9 months of dumping and chasing cheap coins. Everybody thought that after crashing down tons of buyers were dying to get in with cheap coins. Nope. There is nobody. Now of course i keep reading we need to hit 350 before we can get back up. And after that 260. Well, these new buyers won't suddenly appear then. Also there is no guarantee we will go back again. As i keep saying one day it will stop. People will get tired of losing money. Of getting dumped on by traders every time they invest some money. For now the Bitcoin hype is over and we better hope for something good to happen or all your cheap coins will be just that. Cheap coins. The question is will we learn from this situation. And the answer is most likely no. There has been tons of buyers that is why the price recovered to 600$ + a few months ago and there is still a lot of buyers but there is a lot of sellers as well and a lot of new coins hit the market The Bitcoin hype will come back when the fiat currencies will show what they truly are : manipulated, inflated and unreliable for store of value But this is not a few months ago. A few months ago tons of people started buying because they expected the price to go up. Instead they got dumped on, day after day. They sold and left and won't make that mistake again. Neither will all the people who watched it happen from the sidelines. You see, that's the "problem". These people actually do learn from their mistakes. Keep in mind that pretty much everyone who invested in Bitcoin this year lost money. Almost a full year. Exactly at the time everyone expected something great to happen. This damaged Bitcoin so much. So many here underestimate this. They think they just can keep crashing the market, pick up cheap coins and go back up again. You can't. After 5 or 6 years now investors are gonna say fuck it. I'm not gonna put money in something and get dumped on day after day by greedy traders obsessed with cheap coins. The previous years was ok for that. Not anymore. This year was the year to get serious. But everyone who tried to invest lost their money because of traders and dumpers. What do you expect them to do? Invest again? From what you wrote, BTC seems a pure bubble and people buy it only because it will rise overnight. If that's sure, it's better to see BTC dies now than later. Maybe your account was newly bought, otherwise really sad to see a Hero Member saying such thing here. |
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