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

[nutildah]

That's OK, I have faith you guys will get your s--- together pretty soon. I would buy even more but the price keeps sinking every time that happens.

It would be nice to get a working http://redeem.bitwatch.co/ or else get Counterwallet to work properly with that. Because it doesn't work right now, and its irritating and makes trading on Counterwallet rather unaffordable/impractical compared to your competitors.

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[CIYAM]

I know that you guys have implemented Ethereum but have you considered implementing AT (http://ciyam.org/at) which is actually running *live* already (on the Burst blockchain).

The world's first "decentralised lottery" and "crowdfunding app" has been achieved with this tech in the last couple of months.

[Jpja]

More than 10,000 assets have been created to date. It's apparent that the wast majority of these have been taken by squatters.

I won't discuss whether squatting is good or bad, but it is a reality we have to deal with. Thankfully the DEX can at least make it convenient to buy and sell asset ownerships.

The owner of an asset should be able to place an offer for his asset, and anyone should be able to place a bid for any asset. If this were possible in Counterwallet I think we'd seen a boost in activity.

Imagine the attention prime assets such as GOLD or SILVER might get. Or every now and then someone would place a high bid on their own name, e.g. 100 XCP for PETER.

And whereas a DEX for regular trading seems to lose to centralized exchanges, I believe the DEX is ideal for buying and selling asset ownerships.

[nutildah]

Why do all the vote links say "rescinded"?

https://blog.bitcoinfoundation.org/runoff-election-reboot/

Does this have to do with today's price crash? About 12-14%.

Somebody had to say something.

[SkryptoDude]

Where's this "news" we've been talking about for months? That's probably the reason for the dump. I feel like dumping myself.

[nutildah]

Where's this "news" we've been talking about for months? That's probably the reason for the dump. I feel like dumping myself.

As far as my memory can prevail, Adam has been a man of his word. Even if Counterwallet is far from optimally operational, I believe that some day they will get there.

That's why I'm not dumping.

[Evil-Knievel]

This message was too old and has been purged

[deliciousowl]

Literally 0 of the problems with the election were caused by Counterparty, why would that affect the price?! I don't think I'll ever understand the markets...

[Jpja]

On Reddit I argued that the XCP price decline is nothing to worry about.
http://www.reddit.com/r/counterparty_xcp/comments/2xjm4w/a_low_xcp_price_is_not_that_bad/

Comments / feedback are welcome.

[mtbitcoin]

Why do all the vote links say "rescinded"?

https://blog.bitcoinfoundation.org/runoff-election-reboot/

Further info....

https://bitcoinmagazine.com/19401/developing-story-bitcoin-foundation-elections-shambles-candidates-call-restart/

In short, there wasn't any technical problem, but the way it was handled was clunky and required a lot of steps (not surprisingly since everybody voting would have had to register a BTC address from which they were voting), and apparently the guy who decided to go with the plan didn't consult with everybody first and some folks got a little pissy about some of the implementation details such as whose name was listed first in the voting.... ah, politics.  Furthermore, some people had valid concerns about the public's ability to see the results in real-time, which could discourage others from voting or otherwise affect the outcome.

The Election result are out at https://blog.bitcoinfoundation.org/election-results/

The irony here is that the "END" results were actually similar to the "rebooted" Blockchain Vote that was held earlier. Going by the results at https://blockscan.com/votecampaign/btcfoundation

Olivier Janssens - 63 Yes Votes

Jim Harper - 59 Yes Votes

Michael Perklin - 37 Yes Votes

Bruce Fenton - 45 Yes

Which basically means both Olivier Janssens and Jim Harper would have made the cut either way, with the first and second most number of votes.

[relm9]

On Reddit I argued that the XCP price decline is nothing to worry about.
http://www.reddit.com/r/counterparty_xcp/comments/2xjm4w/a_low_xcp_price_is_not_that_bad/

Comments / feedback are welcome.

I've been buying more  Crazy some people are willing to sell below 0.004, probably many of them got in during the burn but BTC was also $500-600 back then. At these low price levels, the USD value of one XCP is close to what it was during the burn.

[BitThink]

The Medici thing did help in pumping the XCP price a lot and I personally benefited from that pump. However, to be honest the final outcome seems not so good and the progress of counterparty itself was significantly slowed down by the digress of its two core devs. Hopefully, the return of core devs could help counterparty to secure its advantage of being the first usable BTC based 2.0 platform.

[deliciousowl]

The Medici thing did help in pumping the XCP price a lot and I personally benefited from that pump. However, to be honest the final outcome seems not so good and the progress of counterparty itself was significantly slowed down by the digress of its two core devs. Hopefully, the return of core devs could help counterparty to secure its advantage of being the first usable BTC based 2.0 platform.

Que?

The final outcome is that Medici is still using XCP, and that new (!) devs were hired for Counterparty as soon as Overstock started Medici.

That Medici is also adding other platforms as well as XCP later somehow a negative thing? So increasing liquidity and connecting platforms with Counterparty is somehow the end of the world and a reason to sell? I was expecting it to pump the price even further, but after all, the markets are irrational!

If I told you that Example Exchange A is adding XCP to be tradeable with something else, like XCP or litecoin, would everyone also dump and cry?

Medici is using XCP primarily, adding support for other platforms, and the Counterparty dev team is coding and growing. That people are selling at the burn price makes me laugh, reminds me of Ronald Wayne, who sold 10% of Apple for $800... Keep selling guys, there's always someone with stronger hands at the other side.

P.S. If I had more BTC to spend at the moment, I'd join the bandwagon of being uncomfortable about the Medici situation too and post nervously... Because you gotta remember, crypto is a free for all... If someone convinces you to buy high and sell low, well. They win. 

[siineufell]

Here is very lively ah
Can you send some to me

[Stanley_Cold]

this looks like a great project, but how can it be monatized.

[coinomat]

If there is coming next pump that maybe will be huge. Double what before. Looks like all good news are coming near same time.

[deliciousowl]

this looks like a great project, but how can it be monatized.

How can what be monetized? You can create businesses that use "pure Bitcoin" features of Counterparty (assets, trading, broadcasts) or more advanced XCP-enabled features (smart contracts, betting, distributions). How you 'monetize' them is entirely up to you. Maybe I'm misunderstanding you?

Counterparty as a project itself is 100% open-source and non-profit, like Bitcoin. You cannot 'monetize' Bitcoin, but you can create projects and exchanges which profit from using it. Does that make sense?

[nutildah]

Keep selling guys, there's always someone with stronger hands at the other side.

or a much stupider hand, you know, it could turn out one way or the other.

if XCP was a sure thing, everybody and their mama would have some by now.

[deliciousowl]

Keep selling guys, there's always someone with stronger hands at the other side.

or a much stupider hand, you know, it could turn out one way or the other.

if XCP was a sure thing, everybody and their mama would have some by now.

Just like everyone and their mama had Bitcoins a year after it was released? What about Apple computer in 1977?  Google in 1999?

I think you may be just a little bit quick on the draw here. And unfortunately appeal to popularity has never proved anything before: http://en.wikipedia.org/wiki/Argumentum_ad_populum

“There is no reason anyone would want a computer in their home.” — Ken Olson, president, chairman and founder of Digital Equipment Corp. (DEC), maker of big business mainframe computers, arguing against the PC in 1977.

 “Lee DeForest has said in many newspapers and over his signature that it would be possible to transmit the human voice across the Atlantic before many years. Based on these absurd and deliberately misleading statements, the misguided public … has been persuaded to purchase stock in his company …” — a U.S. District Attorney, prosecuting American inventor Lee DeForest for selling stock fraudulently through the mail for his Radio Telephone Company in 1913.

“There is practically no chance communications space satellites will be used to provide better telephone, telegraph, television, or radio service inside the United States.” — T. Craven, FCC Commissioner, in 1961

“There is not the slightest indication that nuclear energy will ever be obtainable. It would mean that the atom would have to be shattered at will.” — Albert Einstein, 1932

“The Americans have need of the telephone, but we do not. We have plenty of messenger boys.” — Sir William Preece, Chief Engineer, British Post Office, 1878.

“The world potential market for copying machines is 5000 at most.” — IBM, to the eventual founders of Xerox, saying the photocopier had no market large enough to justify production, 1959.

There are plenty of psychological barriers to be overcome, even for Bitcoin itself! We are inside a developing microcosm right here. Sit back and enjoy the show.

[GeminiSimba]

Hey Deliciousowl are you going to be in the elections? I'd vote for you since you seem to be one of the few members on this forum I've watched over time (aside from the actual devs) with the most logical support and understanding of the protocol.

I keep 40 xcp tucked away and I fully expect it to be worth significant value within the next few years because I (rather than just looking at short term speculation) believe in the actual potential value of Counterparty as a platform that will be as impactful as tcp/ip one day right alongside of the bitcoin protocol itself.

If you want me vote when the time comes let me know