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

[Luckybit]

Create a finite lifespan for asset appear to be an horrible idea to me...
Imagine if your BTC suddenly disappeared.
Or that you spend a lot of time for promotion, succeed to have an awesome dividend system to many client and suddenly all your client holding disappear.
I can hardly imagine something better to destroy your business.

If it's set to expire then just pay the XCP fee before the date. Bitcoin doesn't function if no one mines so everyone pays miner fees. If you're running a business and you can't pay the registration fee or whatever fee then you're not really running a business anymore. It's really no different. If you stop paying for your website fees or anything else then it goes down. Businesses will always pay the XCP fee and if its a currency not run by a business then someone will pay the fee.

That and also credit or redeemable assets have to expire by design. If they don't expire then how do you offer credit coups? You can't.

I'm still waiting to see that.
1 time command/transmission, y$ set to be send in 2~48 time (automatically), over t time.

I have a pubkey with x.
I wish x/12 to be send to someone else every month (nb equi block).

edit: doing it manually every month will be a real pain + forget = business destroyed

A subscription function could allow for recurring payments. You would subscribe to a feed and it would pay the fee on a recurring basis. You would subscribe and it would automatically pay. Of course you would have to set the maximum fee you're willing to pay in total, but once that is set then it could be automatic. I really don't think it's a big deal.

nLockTime right? You can send your fee payments into the future. So you could pay for your future fees by subscribing in such a way so that you pay it into the future up to a maximum amount and time. If my understanding is right it would even be something which could be seen on the blockchain. The money would just be released at a fixed rate so that you could pay the fees for years in advance.

And also if it's registered on the blockchain for example, if you pay your fees into the future while fees are low, it might be possible to do it in a way where even if the fees are raised you've already paid 5 years in advance. But people who didn't pay into the future, if the fees raise their prices are not locked in.

Then we could encourage people to pay 5 years in advance to lock in those cheap fee rates. People who don't do that will just pay whatever the fee rates are, this would encourage people to pay years in advance and create stability.

[1713897386]

1713897386

[D9KckLy]

Code:

Block: 280518
Traceback (most recent call last):
  File "C:\Python33\lib\site-packages\cx_Freeze\initscripts\Console3.py", line 2
7, in <module>
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 621, i
n <module>
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 479, in f
ollow
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 472, in f
ollow
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 57, in pa
rse_block
  File "C:\counterpartyd_build\dist\counterpartyd\lib\issuance.py", line 103, in
 parse
  File "C:\counterpartyd_build\dist\counterpartyd\lib\util.py", line 148, in cre
dit
AssertionError

Can anybody help me here please? Can't get past Block 280518 since 2-3 days. Deleted the client, reinstall, rebuilt the database, nothing works. Testnet works fine. I am using the win64 Installer.

I am not a pro. Noobs like me need help, guys, if you want this to succeed

I got the same problem.  @Devs  I need help, thanks in advance

[sumantso]

Getting this while trying to get balance.

    from prettytable import PrettyTable
ImportError: No module named prettytable

[nakaone]

I can keep my xcp in my blockchain.info to any time in the future if I do not want to use them?

can someone answer me this question? - my bitcoind is crashing all the time and I will probably not have time before the end of burning to fix it. so I want to keep them in the blockchain.info

[PhantomPhreak]

I can keep my xcp in my blockchain.info to any time in the future if I do not want to use them?

Yep.

[xnova]

Getting this while trying to get balance.

    from prettytable import PrettyTable
ImportError: No module named prettytable

Are you able to run other counterpartyd commands fine? How are you running the command (i.e. what's the exact thing you type to get that)? What OS/arch?

We would need more information here to be helpful.

[xnova]

Code:

Block: 280518
Traceback (most recent call last):
  File "C:\Python33\lib\site-packages\cx_Freeze\initscripts\Console3.py", line 2
7, in <module>
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 621, i
n <module>
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 479, in f
ollow
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 472, in f
ollow
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 57, in pa
rse_block
  File "C:\counterpartyd_build\dist\counterpartyd\lib\issuance.py", line 103, in
 parse
  File "C:\counterpartyd_build\dist\counterpartyd\lib\util.py", line 148, in cre
dit
AssertionError

Can anybody help me here please? Can't get past Block 280518 since 2-3 days. Deleted the client, reinstall, rebuilt the database, nothing works. Testnet works fine. I am using the win64 Installer.

I am not a pro. Noobs like me need help, guys, if you want this to succeed

I got the same problem.  @Devs  I need help, thanks in advance

Are you running from the newest source, from an installer, or what?

If you're running from source, please try an update, then run again and see if that fixes it:
http://counterpartyd-build.readthedocs.org/en/latest/BuildingFromSource.html#id4

If from an installer, please try running from source
http://counterpartyd-build.readthedocs.org/en/latest/BuildingFromSource.html

[mtbitcoin]

Code:

Block: 280518
Traceback (most recent call last):
  File "C:\Python33\lib\site-packages\cx_Freeze\initscripts\Console3.py", line 2
7, in <module>
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 621, i
n <module>
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 479, in f
ollow
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 472, in f
ollow
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 57, in pa
rse_block
  File "C:\counterpartyd_build\dist\counterpartyd\lib\issuance.py", line 103, in
 parse
  File "C:\counterpartyd_build\dist\counterpartyd\lib\util.py", line 148, in cre
dit
AssertionError

Can anybody help me here please? Can't get past Block 280518 since 2-3 days. Deleted the client, reinstall, rebuilt the database, nothing works. Testnet works fine. I am using the win64 Installer.

I am not a pro. Noobs like me need help, guys, if you want this to succeed

I got the same problem.  @Devs  I need help, thanks in advance

On a side note: You need to be running python 3.2 on windows and rebuild from source again. The 3.3 won't work.

Cheers

[D9KckLy]

Code:

Block: 280518
Traceback (most recent call last):
  File "C:\Python33\lib\site-packages\cx_Freeze\initscripts\Console3.py", line 2
7, in <module>
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 621, i
n <module>
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 479, in f
ollow
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 472, in f
ollow
  File "C:\counterpartyd_build\dist\counterpartyd\lib\blocks.py", line 57, in pa
rse_block
  File "C:\counterpartyd_build\dist\counterpartyd\lib\issuance.py", line 103, in
 parse
  File "C:\counterpartyd_build\dist\counterpartyd\lib\util.py", line 148, in cre
dit
AssertionError

Can anybody help me here please? Can't get past Block 280518 since 2-3 days. Deleted the client, reinstall, rebuilt the database, nothing works. Testnet works fine. I am using the win64 Installer.

I am not a pro. Noobs like me need help, guys, if you want this to succeed

I got the same problem.  @Devs  I need help, thanks in advance

Are you running from the newest source, from an installer, or what?

If you're running from source, please try an update, then run again and see if that fixes it:
http://counterpartyd-build.readthedocs.org/en/latest/BuildingFromSource.html#id4

If from an installer, please try running from source
http://counterpartyd-build.readthedocs.org/en/latest/BuildingFromSource.html

I build from the source and encounter the flowing error

Using c:\python32\lib\site-packages\pip-1.4.1-py3.2.egg
Processing dependencies for pip==1.4.1
Finished processing dependencies for pip==1.4.1
Searching for sphinx==1.2
Reading https://pypi.python.org/simple/sphinx/
Best match: Sphinx 1.2
Downloading https://pypi.python.org/packages/source/S/Sphinx/Sphinx-1.2.tar.gz#m
d5=8516046aad73fe46dedece4e8e434328
error: None
2014-01-19 22:13:25,786|ERROR: Command failed: 'C:\Python32\Scripts\easy_install
.exe virtualenv==1.10.1 pip==1.4.1 sphinx==1.2'

[sumantso]

Getting this while trying to get balance.

    from prettytable import PrettyTable
ImportError: No module named prettytable

Are you able to run other counterpartyd commands fine? How are you running the command (i.e. what's the exact thing you type to get that)? What OS/arch?

We would need more information here to be helpful.

I am doing it on Win 7 32 bit.

I burned BTC yesterday successfully and thought today I will try out the other features. I am probably doing them wrong. Can you give instructions on how to do under Windows?

[prophetx]

if you put in fees, someone will just fork your code and lower the fee

welcome to open source

[cityglut]

if you put in fees, someone will just fork your code and lower the fee

welcome to open source

Right now transaction fees are ~20 cents, and the average (American) vocabulary is approximately 10,000 words, so it would only cost ~$2000 for someone to buy every single asset name - certainly, in any case, all the attractive asset names. The fee has to be large enough to prevent this from happening.

The Counterparty team does not want to implement fees, but the peculiarity of the circumstance makes it necessary. It also follows, however, that every fork will have this same problem, and thus will also have to implement fees.

[jimhsu]

Noticing a tick up in <1 BTC burns (the stock analogy would be odd-lot trades) the past few days. Increasing public awareness of the XCP idea?

[elija]

Announcement: The develop branch of counterparty now specifies that 5 XCP is destroyed in all future asset issuances (after block 281235 281236). If we decide to make this official, the fixed amount will be temporary, and should be determined by a distributed, proof-of-stake voting system as soon as possible.

Very nice and simple solution!  Or have 1 XCP be sent to the 1CounterpartyIssuanceXXXX address or something to keep it consistent.

A thought I had about the future danger of BTC miners blocking the XCP transactions - what if we provide XCP as miners fee?
The fee might be relational to what BTC currently takes (0.0001) vs XCP total volume, 0.00001 for example.

Provided XCP raises in value, this will motivate miners to allow it through their systems and get paid for that, in addition to regular BTC fee.

After some thoughts I think this may be an even better solution.  Could we send the destroyed XCP to the BTC miner's coinbase address?

It would provide a nice incentive for miners to process these XCP transactions over other protocols.  A simple soultion that may even be better than the current merged mining.


BTW, mad genius whoever is behind this project!  My humble respect for starting a project in the spirit of bitcoin.

[SyRenity]

Noticing a tick up in <1 BTC burns (the stock analogy would be odd-lot trades) the past few days. Increasing public awareness of the XCP idea?

Nice observation!


Though unfortunately the donations are still near 0:
https://blockchain.info/address/19QX5WBkkaUXAZ4HZrNtPtjPsakGG2co8H

Let's hope the community will at least start donating XCP's, otherwise everyone may end up sitting on a pile of useless bits and bytes.

[halfcab123]

I have 10,250 XCP sitting here, where and how do I donate ??

[SyRenity]

I have 10,250 XCP sitting here, where and how do I donate ??

We are looking for community contributions of testing, bug reports, patches, and companion software (e.g. built around counterpartyd). We are also asking for donations of BTC and XCP to 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs, which funds will be used to issue bounties for the development of the project.

[xnova]

I build from the source and encounter the flowing error

Using c:\python32\lib\site-packages\pip-1.4.1-py3.2.egg
Processing dependencies for pip==1.4.1
Finished processing dependencies for pip==1.4.1
Searching for sphinx==1.2
Reading https://pypi.python.org/simple/sphinx/
Best match: Sphinx 1.2
Downloading https://pypi.python.org/packages/source/S/Sphinx/Sphinx-1.2.tar.gz#m
d5=8516046aad73fe46dedece4e8e434328
error: None
2014-01-19 22:13:25,786|ERROR: Command failed: 'C:\Python32\Scripts\easy_install
.exe virtualenv==1.10.1 pip==1.4.1 sphinx==1.2'

Works fine for me:

C:\>C:\Python32\Scripts\easy_install.exe --upgrade sphinx==1.2

Searching for sphinx==1.2
Reading https://pypi.python.org/simple/sphinx/
Best match: sphinx 1.2
Processing sphinx-1.2-py3.2.egg
sphinx 1.2 is already the active version in easy-install.pth
Installing sphinx-apidoc-script.py script to C:\Python32\Scripts
Installing sphinx-apidoc.exe script to C:\Python32\Scripts
Installing sphinx-build-script.py script to C:\Python32\Scripts
Installing sphinx-build.exe script to C:\Python32\Scripts
Installing sphinx-quickstart-script.py script to C:\Python32\Scripts
Installing sphinx-quickstart.exe script to C:\Python32\Scripts
Installing sphinx-autogen-script.py script to C:\Python32\Scripts
Installing sphinx-autogen.exe script to C:\Python32\Scripts

Using c:\python32\lib\site-packages\sphinx-1.2-py3.2.egg
Processing dependencies for sphinx==1.2
Finished processing dependencies for sphinx==1.2

If this still persists, please totally uninstall Python3.2 and all dependencies (pywin32, cx_freeze, etc)... then manually delete the C:\Python32 directory, then restart your computer (just in case) and start again from scratch: http://counterpartyd-build.readthedocs.org/en/latest/BuildingFromSource.html#on-windows

[Patel]

After we install counterpartyd on ubuntu, what is the terminal command to start it?

[halfcab123]

I have 10,250 XCP sitting here, where and how do I donate ??

We are looking for community contributions of testing, bug reports, patches, and companion software (e.g. built around counterpartyd). We are also asking for donations of BTC and XCP to 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs, which funds will be used to issue bounties for the development of the project.

I'm happy to donate, I just don't understand how to send XCP to an address. :/ .....safely!