Wow, sellers are lining up in the order book. The price of XCP is waiting to get slaughtered.
You know that we are actually talking about data from the first working Dex orderbook?  As long as XCP keeps leading in this space, in my opinion the price can crash to wherever the weak hands feel, once more people understand it will soar back. |
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Any quick steps how to launch with source-compiled version of official counterpartyd? Thanks! |
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I received a reply from btc-e about my inquiry regarding Counterparty. As Counterparty gets more traction I hope they will reconsider. It worth pinging them after March, AFAIK they currently do not accept any new pairs. It will also give XCP ample chance to growth. |
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Seems some deps are missing? Traceback (most recent call last): File "counterpartyd.py", line 13, in <module> import requests ImportError: No module named requests |
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Great work! Any way for us the mere users, to check it out while XCP devs are reviewing the code? Will replacing the counterpartyd in dist folder, and running the setup.py and run.py will be enough? |
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With regards to your GUI question... that is the whole point of a web wallet, there *is* no installation. No counterpartyd to set up and install. You simply go to a webpage, generate a passphrase, paste it into a text box, and click login. Takes all of 5 seconds. Nothing to save or worry about beyond your pass phrase (which *is* your wallet)
This kinda reminds me of NXT - any chance we run into same security problems with that, as they did? |
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Any idea why ~0.004 BTC are required now to create an asset? lib.exceptions.BalanceError: Insufficient bitcoins at address XXXXXXXXXXXXXXXXXXXX (Need 0.0004258 BTC.) |
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The distributed exchange should count, of course, but even if it doesn't, there's a hefty bounty available for XCP support on any centralised exchange: 4.6 BTC and 1500 XCP at the moment, which should be a strong incentive for existing exchanges to add support for us. Feel free to pester your favourite one and tell them on all of the dough they're missing out on. (Adding support for trading XCP is easy, what with counterpartyd's well-developed API.)
So, who opens a new request on Cryptsy? (I don't have an account there). |
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Interested (NEM distribution model? ) |
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Let's say Alice is selling BTC for XCP with a 5 block expiration on her order and Sally is selling XCP for BTC with a 3 block expiration on her order, and their orders get matched. Upon the matching, the protocol debits the XCP from Sally's account, and then Alice has 3 blocks to send Sally her BTC using the btc-pay command. If Alice fails to send Sally BTC within 3 blocks, the deal is cancelled and Sally's account gets re-credited with the XCP.
Thanks for this answer (and subsequent clarifications), its much more clearer now. Just one thing - the assets shares selling will work in same way? Meaning the asset holder will post a sale offer, and whoever matches it, will have to transfer BTC within set amount of blocks time? |
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The miners on the bitcoin network can only be paid with btc. But the fee for asset issuance is in XCP (5)
So why not pay the miners that process these transactions with these XCP (rather then loose it)? Or even donate to dev group? Seems to me these burnt XCP can be diverted to a much better function. |
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The local ASIC developer is a small IPO candidate indeed, which AFAIK looks to raise between 500K - 1M.
If we can offer them solid model, it will be a great start for XCP.
Any advance with the miners direction? Perhaps we can do this through marketing channel that is being created - are there any selected candidates yet? |
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I didn't see an answer, so I'll ask again....
What happens to the 5 XCM fee you pay when you issue an asset?
I believe they are burnt Question - why burn them, rather then pay miners for supporting the XCP (rather then blocking it in their transactions)? |
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I am somewhat hesitant to put up one as I am not entirely sure how the official client will calculate the last dex price. Whether this will be based on the BTCPAY transaction date, based on the order_match or order placed. I am currently using the BTCPay transaction date for last matched and paid.
BTCPAY is a good idea, as it actually shows the trade being closed (rather then just matched and held, or even placed). These (placed) can be done via high/low indicators. |
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So looks like he'll gladly add it, but we need to be on an exchange and have an api available.
This would be great for exposure as most people in the crypto space use coinmarketcap.
IMHO the built-in distributed exchange already counts as a public one - anyone can join it and trade. Guess we only need the price ticker, which blockscan alreay does, and just needs to expose the API for it. |
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Thanks very much, SyRenity, I've PMed you. Added cityglut as moderator, seems there is no function to transfer "control" over registered sub-reddit. |
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How would it work? Say, an ASIC company X want to raise 1000BTC, say the current XCP/BTC is 0.005, they will issue their asset worth of 200000 XCP which is about 8% of the entire currency. Say, they successfully raise 200k XCP, now they want to convert to BTC to get fiat, oh the market is too shallow, and end up getting only 100BTC for 200k XCP.
XCP was born a few days ago, we don't have a fraction chance to get those big companies onboard, they will just laugh at our swamp attempt. We should focus on tiny IPOs until XCP is mature, like weed / mushroom, not to mention bugs.
The local ASIC developer is a small IPO candidate indeed, which AFAIK looks to raise between 500K - 1M. If we can offer them solid model, it will be a great start for XCP. |
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unluckily I do not have contact to any miners - do you guys have?
I'm holding some AM shares (not sure though if enough for friedcat to listen to me  ), and can get ourselves introduced to bitfury, to jasinlee (fibonacci.io scrypt asics - who actually doing IPO these days!) and to local ASIC maker (who might be interested to do IPO). Can we prepare any specific "official" proposal for them? |
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There is a latest price snapshot for the DEX exchange available on the main page. Once there is sufficient data, I will look into a price historical chart. However, given that we have more than 100 assets listed I will only work on the BTC/XCP charts on the dex
I am slowly making my way through the order page to clean it up a bit. I've already added some filters. If you have any suggestions please feel free to post it here..
Awesome - first world-wide real Dex pricing! Can you add it to API? We will include it in our ticker then. |
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