Interesting specification: https://ciyam.org/at/

But why doesn't your PoC here contain C code: https://ciyam.org/at/at_auction.html

Details, and please, ELI5 if you can't point to code which adequately highlights your LLVM automated transaction concept. LLVM contracts are sorely lacking in details and implementation.

Most important Counterparty news since Medici

JPJA has figured out how to revive BTC trading on the DEx with no bullshit.

The problem with DEx BTC trading is it's slow and costs fees. This is fundamentally impossible to work around short of drastically reducing Bitcoin's block time, and even then, a per-trading-action fee may still irreparably harm liquidity compared to centralized exchanges, which already have a tough enough time getting liquidity.

JPJA has devised a method to overcome these fundamental limitations with BTC trading, with the introduction of a BTC DEx auction mechanism akin to Ebay.

An auction mechanism is unbeatable for two reasons:

1. The fees and delay inherent to the DEx become much less of an issue.

If you've ever used an auction site like Ebay, you know how it works. You place a bid, and you wait, usually for hours or days unless you're sniping the auction. High frequency trading isn't in high demand, and you go into the auction expecting to pay Ebay a fee at least upon winning.

2. DEx BTC liquidity is solved.

Imagine an auction sale of 1 BTC for XCP with no reserve. The BTC could be bought at below market rates. Market participants will pay attention to the auction regardless of lacking liquidity. The less popular the auction is, the higher the potential for profit.

Compare auctions to an order book. Without liquidity, the order book's value for traders rapidly deteriorates. This is why traders will almost always tend to prefer centralized order books where it's easy to enter and exit positions instantly.

JPJA's auction format concept adds tremendously to the core value of the Counterparty platform, and deserves serious attention from all XCP investors.

In other news, the favored currency symbol for Counterparty XCP is arguably the unicode ℂ (U+2102).


It makes sense for the currency symbol of Counterparty to contain a clearly visible C. The cent symbol ¢ comes close to ℂ in this regard, but ¢'s use for the cents subunit cheapens it too much. ℂ renders better for me, too - it's the closest unicode character to a capital C that qualifies as a currency symbol - compare ℂ to €. Edit: the Ghanaian Cedi (₵) symbol is also of interest, but to my untrained eye the cedi ₵ appears overly similar to the cent ¢.

Going strong. Enter BTC_XCP Cryptocat.

Join the crew on BTC_XCP Cryptocat for good trading discussion.

Traders: Betting on the future of Counterparty?

Try BTC/XCP trading over Bitrated for native multisig escrow and no hassle trading. Deep liquidity on a decentralized anon orderbook.

Install Cryptocat and join room BTC_XCP.

Install Tox and add ID: 4DE791009D234CCC66ED1B6D417FF99ED8CB4EA597463611B76426E8A49C381410999A7578B8.

Idle in the chatroom.

More Liquidity than Any Centralized Exchange

Join group chat BTC_XCP on https://crypto.cat for BTC/XCP trades.

To join the group:

1. (optional) Download and install the Tor browser bundle from https://www.torproject.org. Open Tor browser.
2. Visit https://crypto.cat, and click to download and install Crypocat browser extension.
3. Open Cryptocat.
4. BTC_XCP is the room. Just type BTC_XCP, give yourself a nickname and enter.

For Cryptocat trading: Download and install the Cryptocat extension at https://crypto.cat.  Join room BTC_XCP.

To use Tox, pick and download a Tox client for your computer: https://wiki.tox.im/Client. Add this Tox ID for invite: 4DE791009D234CCC66ED1B6D417FF99ED8CB4EA597463611B76426E8A49C381410999A7578B8

Attention Traders and Speculators:

Join group chat BTC_XCP on crypto.cat now for anon BTC/XCP liquidity featuring native multisig escrow.

To join the group:

1. (optional) Download and install the Tor browser bundle from https://www.torproject.org. Open Tor browser.
2. Visit https://crypto.cat, and click to download and install the Cryptocat browser extension.
3. Open Cryptocat.
4. BTC_XCP is the room. Just type BTC_XCP, give yourself a nickname and enter. You may want to adjust Cryptocat's settings to connect through their Tor hidden service if on Tor.

Here Only: Dark Pool BTC/XCP liquidity. Deep pockets.

For Cryptocat trading: Download and install the Cryptocat extension at https://crypto.cat.  Join room BTC_XCP.

To use Tox, pick and download a Tox client for your computer: https://wiki.tox.im/Client. Add my Tox ID: 4DE791009D234CCC66ED1B6D417FF99ED8CB4EA597463611B76426E8A49C381410999A7578B8

Blockchain based poker? I'm absolutely floored. Is such a thing even possible? 

I always understood colored coins to be about coloring individual satoshis. The way it was described originally as a concept was simple, you send coins to an address and declare those outputs to be colored, and then those outputs are tracked through the blockchain by any colored coins client. Simple and it works.

When we start talking about using OP_RETURN instead of satoshi-based denominations, IMO we've diverged from discussing colored coins and are more discussing what people think they are getting with colored coins, but what isn't actually colored coins as per the original vision.

People who favor the idea of colored coins care about the concept being based on Bitcoin, and having the ability to move back and forth between BTC and BTC-based assets.

Counterparty fits this bill equally as well as OpenAssets, but then again, the Counterparty devs have never presented their platform as "colored coins". Counterparty provides what people want from colored coins but goes well beyond it by providing a DEx for betting. The way Counterparty did it, I think is the epitome of how it should be done, because otherwise people get colored coins and then ask themselves "OK now what?"

The line between what is Counterparty and what is colored coins begins to blur when you move beyond the simple original vision of satoshi-based colors. If it's the case that coloring satoshi outputs just doesn't work, and OpenAssets is the real way forward for colored coins, killerstorm should really make a formal PSA.

Barring that, it looks from an outsider's perspective that the company behind Predictious, a centralized for-profit betting service, is presenting OpenAssets and coinprism as "colored coins" for customer acquisition. When I found out coinprism wasn't using colored coins as I always knew it, I was confused. We could really use some clarity from the colored coins project on this.

Want to buy 10k XCP for 30 BTC, with bitrated.

I hope xcp developers recognize there's more to success than source code. This is what counterparty is up against: https://www.youtube.com/watch?v=w-9miCOsg4g

These guys are professional salesmen, even Gavin Wood is a bit of a salesman. The entire Ethereum project consists of well-known members of the community and you can rest assured there will be a tremendous marketing and PR effort behind it, and only one opportunity to buy. This counts for more than you may be giving it credit for, as once users buy in, that's that, they're converts and don't generally care about the merits or demerits of their particular system of choice.  DJohnston, speaking on behalf of Mastercoin, is very widely respected as well. Furthermore, due to the fundraising structures pursued by Mastercoin and Ethereum, both projects will be extremely well capitalized for years to come.

Winner or loser in this space will be determined by relative mindshare, which is less a function of technicalities and more a function of who you know and what you say publicly. "If you build it, they will come" doesn't cut it.

If you scan new xcp blocks manually, which I do, it will become readily apparent what the true volume of xcp trading actually is. Don't mind the guys trying to sell at a 10-20X markup, they're moving absolutely zero xcp at that price. Judging by the amounts of XCP being sent from place to place, I'm one of the only guys doing large deals, end of story. All of my deals have been done at the 0.004-0.006 level and multiple sellers can vouch for this. On the dex, you can see orders have been matched at 0.0025-0.008 although they are typically very small orders.

2-6X what burners paid 2 days ago with virtually no changes to the market is more than a solid markup. With Ethereum set to launch with backing from the biggest names in Bitcoin, xcp is a highly speculative play. XCP is a bet against MasterCoin and Ethereum.

Still buying at 0.002-0.004.

kdrop is a king amongst men in the crypto trading arena. Smooth sales with no hiccups. Always down to business.

Trustworthy for 10+ BTC transactions.

Thanks. Open to buying 2000+ more at 0.002-0.004.

Buying 2000 xcp at 0.004, have worked with multiple sellers at 0.005.

Larger amounts (10+ BTC), will go for 0.002-0.004.

Patel is awesome to work with. Kept multiple bitcoins with him no escrow.

PMs to multiple people are becoming hard to manage with the 6 minute waiting time.

Everyone contacting me, two things:

1. zero confirmation payments are a decent alternative to waiting for 1 confirmation in between payments. I'm not ghash.io, and that would be an epic heist to pull off anyway. Sending small amounts back and forth is worth considering instead of involving an escrow.
2. if you're looking to liquidate larger quantities (10+ BTC), i'm paying 0.003-0.005.

A bet on xcp is a bet against Ethereum and Mastercoin.

I'm offering to give you 6X what you paid 24 hours ago, in BTC. Bitcoin is going to mars regardless of what anyone says. You cannot say the same for speculative projects. Every time I've invested my BTC into anything, it's been a mistake.

I will confidently add that 0.006 is a fair market price.

Please update spreadsheet with my new offer:

buying 240 xcp at 0.005 

Buying 200 xcp at 0.006 BTC. This is, in actual fact, 6X what they were worth 24 hours ago.