[ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread

[delulo]

Can someone explain medici?

Medici is to stocks and shares what bitcoin is to money.

edit: bitcoin with a lower case b, as both use the Bitcoin network.

So it's like asset exchange on Next? Forgive my ignorance

Counterparty has its own asset exchange. Medici brings regulatory compliance, user interfaces, professional services, off-chain stuff, etc., so that users can trade shares of public companies, e.g., (on Counterparty) legally and easily. Counterparty is the primary technological platform; Medici is an application and service. (Think Bitcoin/Coinbase.)

Can you make a comment on the following questions?
Will Medici have it's own blockchain and therefore their own native token?
Will Medici track company shares on the Bitcoin blockchain and utilize the Counterparty protocol to do this?  
After the Las Vegas conference it was communicated that Medici will be a front end interface to Counterparty. Did this change in any way?  

Will the video be online at some point? Maybe someone from the Counterparty team could put it online

[deliciousowl]

Will Medici have it's own blockchain and therefore their own native token?
Will Medici track company shares on the Bitcoin blockchain and utilize the Counterparty protocol to do this?  

From the information publicly available now it's pretty clear that it will use the Bitcoin blockchain (there really is no logical reason to make a new one), and yes. 

[taxmanmt5]

faucet mentioned o the first page is not working

[lordfeo]

Hi guys, we've launched a giveaway campaign and offer our Annual Supporter membership for a discount price of $30. Every new member (who successfully completes the giveaway on CoinTelegraph) gets $10 of XCP and $20 coupon to spend on Counterparty merchandise. Details here: http://counterpartyfoundation.org/counterparty-foundation-giveaway-become-our-annual-supporter-and-win-cool-prizes/

Even you dont accept XCP as a valid coin to process the payment!!

Please more respect to XCP  

[Jpja]

http://youtu.be/SkiyRV99eEI?t=6m5s

6:20 Quote: "This will happen on the Blockchain Proper and then on other sidechains."

What is Blockchain Proper?

[deliciousowl]

http://youtu.be/SkiyRV99eEI?t=6m5s

6:20 Quote: "This will happen on the Blockchain Proper and then on other sidechains."

What is Blockchain Proper?

Bitcoin blockchain.

[nonlinearboy]

Can someone explain medici?

Medici is to stocks and shares what bitcoin is to money.

edit: bitcoin with a lower case b, as both use the Bitcoin network.

So it's like asset exchange on Next? Forgive my ignorance

Counterparty has its own asset exchange. Medici brings regulatory compliance, user interfaces, professional services, off-chain stuff, etc., so that users can trade shares of public companies, e.g., (on Counterparty) legally and easily. Counterparty is the primary technological platform; Medici is an application and service. (Think Bitcoin/Coinbase.)

So the counterparty tokens are linked directly to this correct? Thanks for everyone who has answered me

XCP should be the cheapest and easiest crypto to trade with on any platform built on Counterparty for almost any reason.

agreed for that,
I like the xcp and POB.

[bubblymint38]

http://youtu.be/SkiyRV99eEI?t=6m5s

6:20 Quote: "This will happen on the Blockchain Proper and then on other sidechains."

What is Blockchain Proper?

[bassclef]

http://youtu.be/SkiyRV99eEI?t=6m5s

6:20 Quote: "This will happen on the Blockchain Proper and then on other sidechains."

What is Blockchain Proper?

Bitcoin's blockchain.

[Kalkuuuta]

Can someone explain medici?

Medici is to stocks and shares what bitcoin is to money.

edit: bitcoin with a lower case b, as both use the Bitcoin network.

So it's like asset exchange on Next? Forgive my ignorance

Counterparty has its own asset exchange. Medici brings regulatory compliance, user interfaces, professional services, off-chain stuff, etc., so that users can trade shares of public companies, e.g., (on Counterparty) legally and easily. Counterparty is the primary technological platform; Medici is an application and service. (Think Bitcoin/Coinbase.)

So the counterparty tokens are linked directly to this correct? Thanks for everyone who has answered me

XCP should be the cheapest and easiest crypto to trade with on any platform built on Counterparty for almost any reason.

So you don't believe XCP get high value and stay cheap? Not good investment?

[Kergekoin]

I believe, what he/she meant was that XCP should be the least costly commissions/taxes wise.  
The value of XCP in general will surely start to rise on some point when Counterparty gets more popular and widely used.

[delulo]

Can someone explain medici?

Medici is to stocks and shares what bitcoin is to money.

edit: bitcoin with a lower case b, as both use the Bitcoin network.

So it's like asset exchange on Next? Forgive my ignorance

Counterparty has its own asset exchange. Medici brings regulatory compliance, user interfaces, professional services, off-chain stuff, etc., so that users can trade shares of public companies, e.g., (on Counterparty) legally and easily. Counterparty is the primary technological platform; Medici is an application and service. (Think Bitcoin/Coinbase.)

So the counterparty tokens are linked directly to this correct? Thanks for everyone who has answered me

XCP should be the cheapest and easiest crypto to trade with on any platform built on Counterparty for almost any reason.

So you don't believe XCP get high value and stay cheap? Not good investment?

What he meant: If you do a trade on Counterparty / Medici XCP will be the best/cheapest way to do you trade -> high demand for XCP -> high price

[pankogulo]

Hi guys, we've launched a giveaway campaign and offer our Annual Supporter membership for a discount price of $30. Every new member (who successfully completes the giveaway on CoinTelegraph) gets $10 of XCP and $20 coupon to spend on Counterparty merchandise. Details here: http://counterpartyfoundation.org/counterparty-foundation-giveaway-become-our-annual-supporter-and-win-cool-prizes/

Even you dont accept XCP as a valid coin to process the payment!!

Please more respect to XCP  

We are working on integrating XCP payment and should have that option available soon. In the meantime anyone is welcomed to contact us at info@counterpartyfoundation.org to make arrangements for paying the membership in XCP.

[gumcruise]

http://youtu.be/SkiyRV99eEI?t=6m5s

6:20 Quote: "This will happen on the Blockchain Proper and then on other sidechains."

What is Blockchain Proper?

Is that PhantomPhreak dishing out some swag in the background?!

[pankogulo]

New Community Update:  http://counterparty.io/news/counterparty-community-update-jan-21/

In summary, we held the second meeting of the Counterparty Foundation Board of Directors (Notes from that meeting will be published on the Foundation's blog), launched a giveaway campaign offering annual membership at a discount price with free XCP and store coupons and made our usual weekly development progress.

[mitache365]

New Community Update

as usually good progress again.

[StephenMorse]

If someone from counterparty could check out my question on the bitcoin stack exchange, I'd appreciate it! Here's the link: http://bitcoin.stackexchange.com/questions/35645/how-can-counterparty-tokens-be-distributed

Basically, I'm wondering if counterparty tokens can be distributed in a decentralized way at all, or if they can only be created and issued to a single address. It would be really cool if there were a way to use the bitcoin block chain for security of transactions, but still issue tokens via a mining process.

[delulo]

If someone from counterparty could check out my question on the bitcoin stack exchange, I'd appreciate it! Here's the link: http://bitcoin.stackexchange.com/questions/35645/how-can-counterparty-tokens-be-distributed

Basically, I'm wondering if counterparty tokens can be distributed in a decentralized way at all, of if they can only be created and issued to a single address. It would be really cool if there were a way to use the bitcoin block chain for security of transactions, but still issue tokens via a mining process.

You should make an effort and define " in a decentralized way" and get rid of the nonsensical idea that mining would serve that purpose better than giving them away for any resource (a fundraiser achieves the same here, there is also a resource required to obtain coins (money as opposed to hashing power (hashing power = electricity/money + mining equipement = knowledge + money))).
Edit: I think you are talking about user issued assets / custom tokens on Counterparty... The same as above applies: Distribution via mining is not more decentralized than given them away for any other resource. Not idea whether you could let someone mine user issued assets but I also do not see a reason / use case.   
And the Bitcoin blockchain is used with Counterparty for processing tx.

[deliciousowl]

You could distribute them by using a burning process instead of selling them, like Counterparty did with XCP.

[StephenMorse]

You should make an effort and define " in a decentralized way" and get rid of the nonsensical idea that mining would serve that purpose better than giving them away for any resource (a fundraiser achieves the same here, there is also a resource required to obtain coins (money as opposed to hashing power (hashing power = electricity/money + mining equipement = knowledge + money))).
Edit: I think you are talking about user issued assets / custom tokens on Counterparty... The same as above applies: Distribution via mining is not more decentralized than given them away for any other resource. Not idea whether you could let someone mine user issued assets but I also do not see a reason / use case.   
And the Bitcoin blockchain is used with Counterparty for processing tx.

Thanks for your help, Delulo.

Yes, I am talking about user issued assets. I understand what you mean about mining being just as centralized of a way to hand out tokens as giving them in exchange for another resource (if not more centralized). But I think we are thinking about different methods to issue tokens for resources. Like mining, I was hoping there is some way to distribute tokens of a particular asset according to some set schedule and to any node, rather than one person creating all the tokens and giving them out according to those rules. The first case I would think of as decentralized distribution, and the second as centralized distribution.

Maybe I am just not sufficiently familiar with counterparty, but I thought only one entity could issue additional tokens for a particular asset at a time. Is this correct? I know you can transfer the rights to issue new tokens, but I'm thinking it would be interesting if assets could be created in a process similar to mining (although, as you said, energy doesn't have to be the resource consumed), where tokens are distributed in a certain schedule and not through a central entity.