On page 4, that article by Academic Prof. Kristoufek says For examination of the relationship between the USD and Chinese Renminbi (CNY) Bitcoin markets, we use prices and volumes of the btcnCNY market which is by far the biggest CNY exchange. But "btcnCNY" is BTC-China, which at the time the article was written (after MtGOX was found to be insolvent) was essentially dead. No wonder his fancy wavelet method found no influence of "China" on the USD price. He must be excused however, since his source for price series is www.bitcoincharts.com -- which STILL refuses to admit the existence of any Chinese exchange other than BTC-China. Yes, that's true. BTC-China's volume is less than 1/10 of Huobi and only contributes less than 5% of China Volume now. If that paper really only looks at BTC China's volume, then I have to doubt it's 'scientific-ness'.  That is, they may have a reasonable method, but the data source is wrong. |
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Cryptoequity: Legal ConsiderationsJoel Dietz, a member of the community, has authored a nice paper that provides an overview of the US legal landscape surrounding fund-raising with Counterparty and other crypto platforms. We've posted his paper on our blog for anyone interested: https://www.counterparty.co/cryptoequity-legal-considerations/We hope this will help others interested in this very relevant application on Counterparty technology, and we're excited about Counterparty continuing to power some of the most innovative enterprises in Bitcoin. Thanks for the document, but in my opinion, it is too abstract to average readers. Actually one of my main consideration is why BTCT and BitFunder could not survive but Spawn can. Is there any main difference between them and Spawn? Remember 1) Counterparty is used by Spawn but it is transparent to Spawn users, so for Spawn users they are using a service very similar to BTCT and BitFunder. 2) BitFunder had to be closed even after they restricted US investors. I personally had lost a lot of BTC due to the closure of BTCT and BitFunder, so please forgive me if I am over cautious on this topic. I believe Swarm is directing users to http://counterwallet.co, and the cryptoproperty they're selling (SWARM) are assets owned by individual backers bitcoin addresses, so the answer to your particular question "What happens if Swarm fails" is a little complex. If swarm the company fails, the value they were going to provide in exchange for SWARM (access to their crowdfunding platform and other things) won't be there, so the value will almost certainly go down in the event the company giving it value fails. but that failure would not result in the loss of the token. Where the centralized crypto-equity exchanges take the records and tradable asset with them when they go, the demise of swarm would have zero impact on the token (SWARM) holdings of its users. So it's better in one way, but no different in the other. Failure is still bad, just not paralyzing. Thanks a lot for your thoughts, mindtomatter. I am more concern about the Swarm project, not the Swarm token. If Swarm project cannot succeed, the Swarm token has zero value. I don't want to be just an early adopter earning money by selling high to the late comers. |
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Cryptoequity: Legal ConsiderationsJoel Dietz, a member of the community, has authored a nice paper that provides an overview of the US legal landscape surrounding fund-raising with Counterparty and other crypto platforms. We've posted his paper on our blog for anyone interested: https://www.counterparty.co/cryptoequity-legal-considerations/We hope this will help others interested in this very relevant application on Counterparty technology, and we're excited about Counterparty continuing to power some of the most innovative enterprises in Bitcoin. Thanks for the document, but in my opinion, it is too abstract to average readers. Actually one of my main consideration is why BTCT and BitFunder could not survive but Spawn can. Is there any main difference between them and Spawn? Remember 1) Counterparty is used by Spawn but it is transparent to Spawn users, so for Spawn users they are using a service very similar to BTCT and BitFunder. 2) BitFunder had to be closed even after they restricted US investors. I personally had lost a lot of BTC due to the closure of BTCT and BitFunder, so please forgive me if I am over cautious on this topic. |
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I'm trying to understand the donut graph on page 11 of the swarm booklet labelled fundraiser but it doesn't seem to tally up.
...
As far as I can see the booklet shows Swarm’s crowdfunding will close on July 20th with a target of 22,500 Bitcoins.
Hopefully this explains it: Swarm reserves -> 8,000,000 SWARM (4,000,000 for founders, 4,000,000 for bounties) Indication of Interest -> 500 Bitcoin -> 4,000,000 SWARM Open Phase 1 -> 4,000 Bitcoin -> 20,000,000 SWARM Open Phase 2 -> 17,000 Bitcoin -> 68,000,000 SWARM Total coins issued is 100,000,000. Target is 4,000 Bitcoin raise in the first open phase. After we will accept Bitcoins up until a 21,500 Bitcoin cap. Happy to answer any additional questions. How to indicate interest? Is it a kind of private sale before Open Phase 1? Anyone can join this private sale? Thanks. |
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Kickstart provides only gift or early access of products mostly because of legal issues. How swarm overcome this problem? Is crowd funding with equity given out legal now in US?
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Just a random idea - who else would be willing to post a bounty leading to the identification of Deprived?
I'd cough up 0.5 btc.
I will contribute 0.2 btc + 5% * (what I get back from DMS bonds). |
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Anyone could give an estimation of following?
1) What's the outstanding dividend to DMS.Mining?
2) What's the outstanding dividend to DMS.Selling or if there's any?
We've lost the track for around half a year already.
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No one knows bitcoin's value, then how can we know it is overvalued? Bitcoin is not a stock.
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when there are almost definitely 0.25BTC will be paid in the following months, the share price is just 0.43. Then people wish the share price become 1 BTC when all dividends are paid out, and future dividends depends on uncertain gen 4? Now it's the winter of BTC stocks, not so many newbies there anymore. Please be realistic.
Even there will be no more chip sales revenues, there will be also the mining income. As Friedcat pointed out that even in China there will be 20P franchising and 3p solo mining. I just assume that by then the total network hashrate is 500P, the AM still capture 4% of the network. The dividend will be 0.00252 BTC per week , given the APR around 20% , the reasonable share price will be 0.6 more. As for an long-term investor , even in the next round of mining , 12.5 BTC will be mined every 10 minutes . it's still good for me. Just the number 500P increases very fast and the number 23P will remain unchanged for a long time. therefore 4% is not possible be kept for a month, let alone a year. Therefore mining APR 20% is not possible. |
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when there are almost definitely 0.25BTC will be paid in the following months, the share price is just 0.43. Then people wish the share price become 1 BTC when all dividends are paid out, and future dividends depends on uncertain gen 4? Now it's the winter of BTC stocks, not so many newbies there anymore. Please be realistic.
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How fast is the confirmation of XCP... is it tied to the 10 minutes confirmation of BTC?
Yes. |
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Does it really matter so much to buy it at $350 or $400 if you believe it will be $10000 someday? It's highly possible you miss the train to gain 25x only because you are waiting for a 15% off sale.
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Thanks a lot, JohnWasser and stripykitteh!
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Hi guys,
Sorry but I'm a little behind of whats going on.
Would someone be so kind and fill me in briefly pls?
I'm in the UK if anyone needs me?
Ta
Will really really appreciate if you could help us find out who deprive is. |
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Web wallet makes the early adopters much easier to sell. That's not a surprise. |
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I guess Burnside could offer a list with the adresses of the SELLING holders at shutdown of BTC-TC. Everybody who is able to sign his adress would be able to redeem his Cipherbond stake. That would of course only be possible if Ciphermine is willing to dispossess the bonds owned by Deprived...
I'm skeptical these cipherbonds will ever be redeemable again anyway... Kate and her company are not anonymous at all. They have to declare bankruptcy if they refuse to pay their debt. |
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More talks than codes seems quite fishy to me. I'd rather to see more progress in the product side. They've got more than enough funds and attentions. Please concentrate on the developing now.
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how easy is it to clone something like counter party?
To persuade people to burn more than 2000 BTC is not easy. That's the first thing to overcome for someone who want to clone counterparty. Then as decelopers don't have extra benefits than other early adopters, there's less incentives in cloning. |
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A quick question about Counterwallet.
If someone enter the pass phrase with a wrong word by mistake, can he still login to a newly created account? In this case, if he store a lot of XCP into this account, he may have no chance to login to this account later because he did not really know what's the pass phrase he entered.
EDIT: it is confirmed that user can login into a wrong account by accident, for example if he type 'might' for 'mighty' or vice versa.
Is there any measure has been taken to avoid this issue? For example, has to enter pass phrase twice for a newly created account?
EDIT: it seems there's no way to avoid this mistake yet.
Otherwise, users have to be warned that you have to login into the same account at least twice and check the generated addresses are the same, before you store any value into this account.
No, there's no checksum in the passphrases, which are standard within the Bitcoin ecosystem. If it is only off by a little, however, then you can bruteforce your way in. There are twelve words, so brute forcing is not so easy. It's better to be more considerate now than receiving complaints later. Two suggestions. 1) find a way to avoid typo in creating an account. E.g. Adding an option for people to confirm their pass phrase And encourage them to do so after the first login. 2) if you have a dictionary of acceptable words, remove those similar words: e.g. might/mighty |
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