I would speculate from the at least 3-5 people currently hacking on GitHub (and the rumoured current staffing of 5-20 people), that they already have a massive amount of funding running into the millions of dollars.
This gives a Ripple de-javu. These millions have to be paid off some way, any chance it will be 90% for Eth. and 10% for the community?
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Any chance the BTC mining collective would simply block XCP (and MSC) transactions altogether, making the whole protocol useless?
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Thanks, this exactly what I wanted to know.
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We may need to switch to destroying coins by sending them to an unspendable address.
By the way, any way to verify this?
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Good question: What would you need to build a DAC on Counterparty? This would be helpful to note here.
You are one of the core dev's? I'd like to PM then.
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- User-Created Assets: Issue user‐defined currencies/assets and pay dividends on them. You may now issue user-defined currencies/assets on Counterparty using mainnet.
So it means we can build DAC's on this right now? Any API upcoming?
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Did everyone see this announcement?
Are there questions about what was launched on yesterday?
Yep, will appreciate that in layman terms.
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Wow, and the market reacts with 0.124 on MSCXchange.
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Its 1 BTC per address meaning 1 person can "burn" as many BTC as he wants - it would just take him more time.
Yep, this what I meant. Btw, congrats to devs for 700 BTC invested (burnt) XCP seems on it's way to 1K. (If someone would say me a month ago people will willingly throw away 1M$+, I would say he needs to get his head checked! ).
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I wonder if it possible to know the coins distribution, so the whale sale leading to crash (aka what happened to MSC, and apparently NXT) can be detected (and ignored)?
Or due 1 BTC limit, this won't be possible?
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Вы тут не путайте. Одно дело пройти всю эволюцию по пути набирая громадную аудиторию и доверие в течение многих лет, и другое дело сразу выскочить на финальный этап, в котором точно уже всё распределено\потеряно для многих, так как мы помним, кто изначально взял себе почти всё. И не факт, что биток станет интересным, когда придётся жить на одну комиссию. Для этого нужно очень привыкнуть к нему в течение многих лет, что сейчас и происходит. А в случае с NXT всё появилось сразу, и всё за всех уже решено. Не всем это нравится, знаете ли.
+1, также причина почему я лично присматриваюсь к другим проектам (XCP, Bitshares, Etherum и т.д.) где монеты уже или будут разбросанны на большей массе людей.
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(1) NXT is dropping also. (2) i think the the main reason for the drop in MSC value is because masterxchange makes it very easy to sell/dump MSC for the big Exodus holders. (J.R announcement was the "gun-shot" but at list he is doing it outside the exchanges in a responsible way) (3) for the long run the Exodus holders “dumping” is a good thing. It makes MSC less centralized at cheaper rate for newcomers.
I agree to above points at 2 and 3 (not sure about NXT as I'm not really tracking it), let's see how it evolves .
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or NXT taking the lead? You made my day, thanks Care to explain?
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Hmm, seems a lot of weak hands recently who dropped the value all the way to 0.14.
I wonder is this due to J.R. sell-out or NXT taking the lead?
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Question, are there plans to launch a XCP foundation (similar to MSC and NXT)? Something to coordinate the effort of advancing the coin?
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Unless he sold the private keys, he hasn't moved a single coin yet.
What was the big deep on mscxchange in middle of this week then?
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Why would you store wealth in Yuan/Gold, if you have USD for that? Why would you store wealth in BTC when you have so many other choice? Diversification maybe? Why XCP? Decentralized exchange appeal, new wealth repartition, new rarity, sole alt with exactly the same security as BTC, new possibilities.
(glad I'm not in MSC, such happy ambiance in their main post...)
Interesting points, indeed diversification is the main reason for alts to exist. Speaking of, is there any comparison to MCS, meaning how exactly XCP is different?
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Where I could understand is if stslimited considers MSC and XCP transactional currencies, rather than stores of value. And that is right to an extent; the non store-of-value features of these currencies has been a selling point, so to speak. However, in light of this view, I'd like to point to several posts highlighting the transactional currency status of BTC itself, which the community has (by now) embraced the store-of-value concept. Thus, I don't think at all that the transactional and store-of-value concepts should be segregated at all, at least when talking about these. And why you would store wealth in MSC/XCP, if you have BTC for that? At least NXT offers a completely new way of coin creation, which makes the ASIC race pointless.
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stslimited's questions might have just killed mastercoin. i can't believe nobody asked them before Can anyone from the Mastercoin Foundation clear this up? I would also like to know. I think FrictionlessCoin might have brought this up before but I am not sure if this was also his question. I don't think it was answered. +1, can anyone clarify this? It appears that all benefits of MSC protocol can be achieved with a single number of MSC's, due to being highly divisible.
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If Mastercoin is the most apt comparison, you may want to review the questions stslimited has been raising about Mastercoin over the last few days in this (Mastercoin) thread: https://bitcointalk.org/index.php?topic=265488.2780. It seems to me, at least at first glance, that his concerns may have some relevance to Counterparty as well. Questions like: what is the functional difference between 10 XCP or 1 XCP or .1 XCP? How many XCP would someone actually need to use any aspects of this additional protocol layer? What would require someone to spend XCP or go get more XCP from the open market? Very interesting, thanks for the link! So it seems that XCP can suffer same issue, as for making the protocol work, all you need is a fraction of XCP. Perhaps NXT model would be more logical here, with each transfer costing at least a single NXT?
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