Ok I think I see the vulnerability as well. I am inclined to believe busoni now. Hopefully the devs will get right on it.
The good news is if our benevolent attacker friend didn't withdraw his BTC everything can just be rolled back.
Clever attack.
Will you explain it after it was plugged? |
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Wow, that disappointing...
That said, I'm happy that it happened so early, before XCP has spread to other exchanges.
Also, seems that it will boost the Dex (as it should), as it seems to be much safer (or so I hope!).
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Translations are popular these times :p Russian now available !
I'm russian. Bad translate! It's google? +1, Google-translated all the way. |
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That looking really good. I like this colors, its looking even better than blockchain web wallet. Great work. Edit. Maybe little more dark XCP color background so its not too near white. Or maybe very tin black round lines to all white letters. But not sure maybe my screen only make it difficult read. Yeah, the interface itself (colors, borders, etc) is still in a very early stage. I've done a good amount, but my design/color skills are limited  (I don't really consider myself a web dev). This will be a good start, and hopefully some talented web devs can jump on and pitch in. The main goal is to to make it very, very simple to use. You can literally get started with the wallet and be running in 5 to 10 seconds. Past that, you just need to know about the general concepts (assets, buying and selling on a market, etc). Also, the data gathering functionality (forms, etc) has extensive validation built in that gives simple messages back so that users aren't getting obscure errors and wondering if they did an action correctly or not. Very nice for the first iteration. I do hope you give a look to NXT wallet, they have a great color scheme, and maybe we can learn some from there: http://nxtra.org/nxt-client/Use this pass for example: g!9XZy9dDsN4HP6*qPtshVzJ8m%Jeg^WcXtyq*V@ Includes assets exchange, DEX, messaging, forging and more. |
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+1 Wait for the coin to be ready before IPO. This will give us ample time to discuss more about which IPO approach is best for Skycoin as well as preventing this coin as being labeled scam.  BTW, thanks for having an open mind about Skycoin IPO. It gives us a lot of confidence in this coin knowing that dev team is listening to our opinions and ideas. As long as you don't cut the IPO short with 0 announcement (NXT style), you have my full attention! |
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Anyone care to elaborate on the "rumor" that "counterparty" as a whole is further along than NxT, Mastercoin, Bitshares ?  Which rumor? I think you can pretty much see it for yourself - at the moment XCP provides the most well community tested 2nd gen features, though no one have them in production yet. |
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By burning the BTC, everyone in the community set an unbreakable contract with each other that these funds were indeed used for the purposes of creating stake in XCP (i.e. as a show of faith among the initial burners). Among other things, proof of a burn is a bedrock of which faith in XCP is placed, through the burnt BTC being at that burn address and *staying* at that burn address. Anyone can check this address at any time and see that these funds have gone nowhere.
We truly believe that what Counterparty is building can become a significant infrastructural alternative in several trillion dollar markets, and by doing so, increase market efficiencies while eliminating or reducing counterparty trust requirements (thus the name "Counterparty"). This in itself would be a huge benefit to humanity. To these ends, our hope and goal is that the BTC burnt will prove insignificant compared to the benefits provided by the fair and trustworthy launch that PoB affords us.
Great answer, hope this finally settles it down for any real (non-trolling) critics. |
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Please increase my pledge to 10K.
Thanks.
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Please increase my pledge to 10k.
Thanks.
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Top 60 NXT accounts still hold more than 70%. Some initial holders when price hit 0.001 BTC. And all the 1 billion coins were given to 21 stakeholders. What a fair distribution!!!
Not mentioning how the IPO abruptly ended without any notice, compared to this one where someone could even target the last block (to promote NXT again, non the less!). |
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Cant really say how many shareholders or coinholders. The burn was limited to 1BTC per address. The taint analysis showed 1 person burnt around 25 BTC, 5 or 6 in the range 11 - 20. A total of 2124.6 BTCs were burnt http://www.blockscan.com/burn.aspx So my guess is there are atleast 1000 initial shareholders. I burnt 1 BTC. I estimate between 1-1.5K have burnt, which makes it one of the most distributed and yes, fair coin out there. There are some whales (60 here, 30 there), but they are the minority and don't hold more then 1% - 2% of total XCP's, hence massive manipulations we see in with other coins are not possible. |
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The best community is a community that consists of actual owners of the coin. For XCP this group of stakeholders is really small, they keep the price manually too high, which makes it unattractive for new people to join in. People that do not own coins, will not promote it either. Cheaper price, means bigger community, means better potential for long term. To all stakeholders: please sell some of your stakes for profit now, so the coin gets decentralized and the community gets bigger.
Are you serious? Go complain to NXT if you looking for a really small stakeholders group (up to 75% of coins in 60 people hands - start of Feb 14' statistics), moving the market at will. Here you have more then 1500 people who risked more than 2K$ BTC into a black-hole (no refunds here), solely based on alpha code and developers integrity. |
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It's indeed a dilema every non-PoW coin faces, the NXT-style of distribution is widely considered as horrible, and became a big obstacle of the coin's acception.
This issue needs a brillant plan to be carefully dealed with. I hope dev would clarify about the mechanism of distribution of the rest 99% coins.
+1, even now, almost 5 months after IPO, there are multiple accounts holding millions of NXT, which makes many worry about their ability to crash market price anytime. |
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On slightly unrelated note - the new NXT web-wallet demo is out and it looks sweet! http://nxtra.org/nxt-client/Use this pass for example: g!9XZy9dDsN4HP6*qPtshVzJ8m%Jeg^WcXtyq*V@ Includes assets exchange, DEX, messaging, forging and more. Hope XCP will at least strive for a similar look (we should do a bounty for it!) |
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About the valuation, it's really hard to tell. Between the marketcap of MSC & NXT seems fair since we're in the same league. But a leader has still to be determined in the 2.0 race, and Ethereum might shake up all this.
MSC has still not implemented the planned features, and NXT is too unevenly distributed (imho), with 2nd gen features only now starting to appear. So far, XCP seems the most actively used 2nd gen, which should give it a nice edge. |
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It seems that my selection of poloniex to pester to list XCP and getting XCP right next to mastercoin on coinmarketcap all happened. It sure didnt seem like it was easy to add XCP, and my guess is that most other exchanges wouldnt have stuck it out through all the issues, nor would they have been able to get it working as fast. Tristan is the best!!
Now we steal mastercoin's thunder before they are able to get any real world release out. The cat is out of the bag and now everybody that didnt know about counterparty will immediately compare working software with almost software.
I usually dont beg for tips, but I think I deserve one in this case. Feel free to express your euphoria!
XCP: 1JMRuhVNGdhCnhm6LLPhjGuA6GVKc28SBg
James
+1, you definitely deserve this! (just need the wallet ). |
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