Bitcoin Forum
January 18, 2019, 12:44:23 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 [579] 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 ... 657 »
  Print  
Author Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread  (Read 1248068 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
Matt Y
Hero Member
*****
Offline Offline

Activity: 647
Merit: 500


Counterpartying


View Profile WWW
June 28, 2015, 05:52:42 PM
 #11561

How will Counterparty handle the tx volume in markets Symbiont is aiming at (settlement infrastructure?)? Isn't Counterparty limited to Bitcoin's 7 tx per second?

There won't be an issue with transaction volume for a while. It's not going to be...

1. Launch
2. Tons of business and issues of multiple transactions a second

It's still going to take time.

Additionally, the block size increase that is being put in place soon will help alleviate that pain point.

PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1547772263
Hero Member
*
Offline Offline

Posts: 1547772263

View Profile Personal Message (Offline)

Ignore
1547772263
Reply with quote  #2

1547772263
Report to moderator
delulo
Sr. Member
****
Offline Offline

Activity: 441
Merit: 250


View Profile
June 29, 2015, 07:21:16 AM
 #11562

How will Counterparty handle the tx volume in markets Symbiont is aiming at (settlement infrastructure?)? Isn't Counterparty limited to Bitcoin's 7 tx per second?

There won't be an issue with transaction volume for a while. It's not going to be...

1. Launch
2. Tons of business and issues of multiple transactions a second

It's still going to take time.

Additionally, the block size increase that is being put in place soon will help alleviate that pain point.
But there has to be a long term plan.

The block size increase might help to make 140 out of the 7 tx (1 mb -> 20 mb) per second but that is still minuscule compared to the markets Counterparty is aiming at. TX/S have to be in the thousands at least... Trading takes much more volume than eccommerce /  remittance (bitcoin use cases).
poloskarted
Member
**
Offline Offline

Activity: 64
Merit: 10


View Profile
June 29, 2015, 11:54:20 AM
Last edit: June 29, 2015, 12:12:31 PM by poloskarted
 #11563

How will Counterparty handle the tx volume in markets Symbiont is aiming at (settlement infrastructure?)? Isn't Counterparty limited to Bitcoin's 7 tx per second?

There won't be an issue with transaction volume for a while. It's not going to be...

1. Launch
2. Tons of business and issues of multiple transactions a second

It's still going to take time.

Additionally, the block size increase that is being put in place soon will help alleviate that pain point.
But there has to be a long term plan.

The block size increase might help to make 140 out of the 7 tx (1 mb -> 20 mb) per second but that is still minuscule compared to the markets Counterparty is aiming at. TX/S have to be in the thousands at least... Trading takes much more volume than eccommerce /  remittance (bitcoin use cases).

DTCC who clears about $1.8 quadrillion dollars yearly, or roughly equivalent of the U.S. GDP every three days undertook a study on the transisition to t+2 settlement and identified huge merits in the transition to 2 day settlement http://www.bloomberg.com/news/articles/2012-05-22/dtcc-plans-study-on-faster-settlement-for-u-s-securities-1-

so bear in mind even t+0 (same day settlement) is still a huge improvement compared to previous 3 (or more) day settlement, granted this on a much smaller scale


with gavins proposal, blocksize would double every 2 years, so something like this:

Code:
2016 8MB 0.1Mb/s 26Tx/s
2018 16MB 0.2Mb/s 53Tx/s
2020 32MB 0.4Mb/s 106Tx/s
2022 64MB 0.9Mb/s 213Tx/s
2024 128MB 1.7Mb/s 426Tx/s

Right now there is a theoretical ceiling of 604,800 bitcoin transactions that could be undertaken every day. By 2016 that could be 2.2 million, by 2018 4.57 million, 2020 9 million , and 2024, 36 million.

There's a lot of  space to grow and a lot of time to pass in which numerous innovations could come to existance, sidechains, lightning networks are a few 'transaction offloading schemes we've seen recently. I am not worried about scalability just yet. Counterparty does not have to be used as a real time trading layer when that could be offloaded through gateways, it can be used as a final clearing, netting and settlement layer- or as an initial asset issuance/ equity ownership database for example.
deliciousowl
Sr. Member
****
Offline Offline

Activity: 432
Merit: 250


View Profile
June 29, 2015, 02:54:03 PM
 #11564

An improvement from 3 days to 1 hour isn't enough for you guys?  spoiled... Roll Eyes . And besides, off-chain transactions and Ripple gateway usage gives you real-time transactions. Therefore, 10 minute block times are a feature, not an issue.

And besides, as far as I know, what Counterparty is especially useful for are high-volume transactions ($100,000 and up) rather than micropayments to angry birds or whatever.

Matt Y
Hero Member
*****
Offline Offline

Activity: 647
Merit: 500


Counterpartying


View Profile WWW
June 29, 2015, 03:35:20 PM
 #11565

How will Counterparty handle the tx volume in markets Symbiont is aiming at (settlement infrastructure?)? Isn't Counterparty limited to Bitcoin's 7 tx per second?

There won't be an issue with transaction volume for a while. It's not going to be...

1. Launch
2. Tons of business and issues of multiple transactions a second

It's still going to take time.

Additionally, the block size increase that is being put in place soon will help alleviate that pain point.
But there has to be a long term plan.

The block size increase might help to make 140 out of the 7 tx (1 mb -> 20 mb) per second but that is still minuscule compared to the markets Counterparty is aiming at. TX/S have to be in the thousands at least... Trading takes much more volume than eccommerce /  remittance (bitcoin use cases).

Not that long term.

delulo
Sr. Member
****
Offline Offline

Activity: 441
Merit: 250


View Profile
June 29, 2015, 06:02:02 PM
 #11566

Good, thanks you all Smiley
Praxis
Legendary
*
Offline Offline

Activity: 1087
Merit: 1000



View Profile
July 01, 2015, 01:22:45 PM
 #11567

I missed this on Symbiont's Twitter, from June 22:

Quote
The former head of the New York Stock Exchange is among veteran trading executives who are backing a start-up that aims to use the type of technology that underpins bitcoin for securities issuance and trading.

Duncan Niederauer, the previous chief executive of NYSE, is part of a group that has produced $1.25m of seed money for Symbiont. The other members are Matt Andresen, trading head at Citadel who founded the Island ECN, and Getco founders Dan Tierney and Stephen Schuler.
PhantomPhreak
Sr. Member
****
Offline Offline

Activity: 476
Merit: 250

Counterparty Chief Scientist and Co-Founder


View Profile
July 02, 2015, 01:54:16 AM
 #11568

For those that don't already know, Symbiont is currently hiring developers in the New York area. We're looking in particular for a front-end/full-stack web dev.; but we're also interested in other applicants with experience developing cryptocurrency and distributed systems software. Shoot me an e-mail or a PM if you think you'd be a good fit!

See Stack Overflow Careers for a detailed job description for the front-end spot.
poloskarted
Member
**
Offline Offline

Activity: 64
Merit: 10


View Profile
July 02, 2015, 07:18:03 PM
 #11569

http://www.itworldcanada.com/article/symbiont-targets-blockchain-tech-at-wall-st/375689
sasha35625
Hero Member
*****
Offline Offline

Activity: 587
Merit: 500



View Profile
July 04, 2015, 02:09:26 PM
 #11570

Counterparty is a proud member of top20 cryptocurrencies Index Coinoindex.com, which can be traded at Poloniex exchange now.


Pericles
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
July 06, 2015, 04:00:09 PM
 #11571

http://uk.businessinsider.com/bnp-paribas-bitcoin-blockchain-securities-firms-redundant-2015-7
easteagle13
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


View Profile
July 06, 2015, 06:37:11 PM
 #11572

XCP wallet not working?

This is the error message I get:

failoverAPI: Call failed (failed over across all servers). Method: get_normalized_balances; Last error: JSON-RPC Error:

Type: Server error

Code: -32000

Message: Got call_jsonrpc_api request error: timed out

Any ideas?

TIP ME ₭ARMA:  KJeEKJv1LXHM8cYeRgQG3q87BFA4W3sTGg  FOR KARMA TRANSLATION BUDGET SEND TO: KHvkhA7RTFnG8N5RWPB48gs2y8K1od6xF4
OFF. ₭ARMA FB PAGE: https://www.facebook.com/karmacoin.me. http://lill.com
bitcoinrocks
Legendary
*
Offline Offline

Activity: 1372
Merit: 1000


View Profile
July 06, 2015, 07:22:52 PM
 #11573

Same here.  Related to the BTC fork?
Punggawa
Legendary
*
Offline Offline

Activity: 1400
Merit: 1001


View Profile
July 06, 2015, 08:20:21 PM
 #11574

XCP wallet not working?

This is the error message I get:

failoverAPI: Call failed (failed over across all servers). Method: get_normalized_balances; Last error: JSON-RPC Error:

Type: Server error

Code: -32000

Message: Got call_jsonrpc_api request error: timed out

Any ideas?


same with me, i cant login. error

Quote
failoverAPI: Call failed (failed over across all servers). Method: get_normalized_balances; Last error: JSON-RPC Error:
Type: Server error

Code: -32000

Message: Got call_jsonrpc_api request error: timed out
FoldingCoin
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500


View Profile
July 06, 2015, 09:46:30 PM
 #11575

The servers being down are currently being looked into, I will keep everyone informed

Robert Ross - FoldingCoin Inc Administrator, Board Member -
FLDC Twitter: @foldingcoin - Skype: foldingcoin - Email: rross@foldingcoin.net - Join the Discord: Join Link My handle is @pooktwo#7260
FoldingCoin
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500


View Profile
July 06, 2015, 11:07:14 PM
 #11576

The servers being down are currently being looked into, I will keep everyone informed
Everything seems to be working again Cheesy

Robert Ross - FoldingCoin Inc Administrator, Board Member -
FLDC Twitter: @foldingcoin - Skype: foldingcoin - Email: rross@foldingcoin.net - Join the Discord: Join Link My handle is @pooktwo#7260
jrmg
Full Member
***
Offline Offline

Activity: 134
Merit: 100


View Profile
July 07, 2015, 10:15:00 PM
 #11577

Can't login again. Why there are so much login problems now?
Matt Y
Hero Member
*****
Offline Offline

Activity: 647
Merit: 500


Counterpartying


View Profile WWW
July 08, 2015, 05:37:19 AM
 #11578

http://www.thedailybeast.com/articles/2014/03/31/speed-reading-michael-lewis-s-flash-boys.html

Quote
A lot of the high-frequency traders, which Lewis asserts are at the heart of billions of dollars in costs are companies were unknown entities to many on Wall Street, let alone the general public. Companies (some now defunct) like Getco, Citadel, Hudson River Trading, Eagle Seven, Simplex Investments, Evolution Financial Technologies, Cooperfun, and DRW aren’t the bigshots featured in columns haranguing bankers in The New York Times. And yet at one point, says Lewis, Getco was responsible for 10 percent of the stock market.

http://symbiont.io/niederauer-backs-smart-securities-startup-symbiont/

Quote
Niederauer was joined by former co-head of trading at Citadel Matt Andresen, Getco founders Dan Tierney and Stephen Schuler, Allied World Assurance Company CEO Scott Carmilani, and Celeridem FinTech Fund. A Series A round of institutional investment is expected to close in the third quarter.

Flash Boys is a great book.

Dire
Member
**
Offline Offline

Activity: 112
Merit: 10

Crypto-Games.net: DICE and SLOT


View Profile
July 08, 2015, 11:18:18 AM
 #11579

XCP wallet not working?

This is the error message I get:

failoverAPI: Call failed (failed over across all servers). Method: get_normalized_balances; Last error: JSON-RPC Error:

Type: Server error

Code: -32000

Message: Got call_jsonrpc_api request error: timed out


This is exactly what I've been getting for about 3 days when I actually manage to get in. (+ 'API method: create_send' below the above)

Any update on this situation???
Punggawa
Legendary
*
Offline Offline

Activity: 1400
Merit: 1001


View Profile
July 08, 2015, 04:56:14 PM
 #11580

Hello what happened in counterwallet?
please fix the problem

failoverAPI: Call failed (failed over across all servers). Method: get_normalized_balances; Last error: JSON-RPC Error:
Type: Server error

Code: -32000

Message: Got call_jsonrpc_api request error: timed out

Pages: « 1 ... 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 [579] 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 ... 657 »
  Print  
 
Jump to:  

Bitcointalk.org is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!