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

[jrmg]

Thanks for taking the time. I havent been following closely for many months and am just now refreshing my understanding. still have 80% of what I burnt originally. Still remember the impression the original dev team made on me with their very professional and straight approach. but did not follow every CP event since the end of last year.  Take care.

Happy to help. The project is in much better shape now than when you were here last. When you look at who will have the best platform for smart contracts, on Bitcoin, it's Counterparty, and it's not even close. So the question to ask is "will smart contracts on the Bitcoin blockchain be a thing that gets used or not?" and if you think that yes, they will be a thing that is used, which happens to be my opinion, then simply continue to hold and ignore the noise. The rest is taking care of itself.

Hold and buy more so long than can get cheap

What all big projects there are building over Counterparty? I mean like who are using smart contract. I mostly know only Spell Of Genesis and Symbiont.  Are there any other yet?

[1713872070]

1713872070

[1713872070]

1713872070

[deliciousowl]

Thanks for taking the time. I havent been following closely for many months and am just now refreshing my understanding. still have 80% of what I burnt originally. Still remember the impression the original dev team made on me with their very professional and straight approach. but did not follow every CP event since the end of last year.  Take care.

Happy to help. The project is in much better shape now than when you were here last. When you look at who will have the best platform for smart contracts, on Bitcoin, it's Counterparty, and it's not even close. So the question to ask is "will smart contracts on the Bitcoin blockchain be a thing that gets used or not?" and if you think that yes, they will be a thing that is used, which happens to be my opinion, then simply continue to hold and ignore the noise. The rest is taking care of itself.

Hold and buy more so long than can get cheap

What all big projects there are building over Counterparty? I mean like who are using smart contract. I mostly know only Spell Of Genesis and Symbiont.  Are there any other yet?

https://sericatrading.com/ - Precious Metals, Stock Certificates, Soft Commodities, Farmland

[bitcoinrocks]

Hi guys, I think I've asked this a couple times so I'm sorry to "beat a dead horse" but is there any way to send XCP without running a full bitcoind node?

[Matt Y]

been reading couple of last pages and caught myself on the same qustion, what is xcp actually useful for? sorry I'm a big new to counterparty, can I read somewhere an example please? the most simplified. also I don't quiet understand what "smart contract" is, maybe because my english level is pretty low.

Maybe this will help: https://en.wikipedia.org/wiki/Smart_contract

I think the gist is that they are financial contracts that don't require humans to carry them out. They self execute according to predetermined conditions. And if these contracts require a certain amount of computational power, there is a charge. That charge is denominated in XCP and is referred to as "gas."

[Matt Y]

Hi guys, I think I've asked this a couple times so I'm sorry to "beat a dead horse" but is there any way to send XCP without running a full bitcoind node?

Counterwallet and the XCP wallet that's a browser plugin, I forget the name. Both are easy to use and don't require you to run a node.

[bitcoinrocks]

Can I run counterpartyd without bitcoind?

[Matt Y]

Can I run counterpartyd without bitcoind?

Not that I'm aware of.

[romerun]

Can I run counterpartyd without bitcoind?

I haven't successful done it myself but
There should be a way.
Look at this
https://counterpartytalk.org/t/counterparty-client-testnet-on-raspbian/1321

You can specify
*counterparty-rpc-connect
and
*wallet-connect

In this case its pointing to the counterpary testnet service in coindaddy, i guess coindaddy may have the mainnet service available too

[deliciousowl]

So to implement a payment channel in Counterparty, we need a multisig support and nLocktime. I understand Counterparty has multisig but I don't think it has nlocktime though I can imagine a Bitcoin transaction with an nlocktime that allows a payer to get their funds (assets, etc.) back might be possible to be coordinated. The question then becomes, can those smaller payments be done. They require that the sender creates a transaction that spends the funds held in multisig in part to the recipient and in part to themselves.

I think one of the devs confirmed that nLockTime will work with smart contracts. Not sure though.

[Matt Y]

can btc forking affect counterparty in any way?

No.

[Matt Y]

can btc forking affect counterparty in any way?

No.

and on what chain will CP protocol will work if a big fork happens? on both? sorry I have very little clue how this works. thanks

Whatever fork has the most use on it, I would guess. Counterparty is portable in that it can be dropped on any chain.

[Matt Y]

http://counterparty.io/news/counterparty-community-update-aug-17/

[pankogulo]

Hi all! For anyone who might be interested, we just published a new post on our blog explaining the relationship between Symbiont and Counterparty: http://counterparty.io/news/symbiont-and-counterparty/

[BitThink]

Hi all! For anyone who might be interested, we just published a new post on our blog explaining the relationship between Symbiont and Counterparty: http://counterparty.io/news/symbiont-and-counterparty/

Sounds to me not too different with the overstock situation. I feel this statement is trying to decouple counterparty and Symbiont.

[freedomfighter]

I have to agree. this is not encouraging.

[xnova]

Hi all! For anyone who might be interested, we just published a new post on our blog explaining the relationship between Symbiont and Counterparty: http://counterparty.io/news/symbiont-and-counterparty/

Sounds to me not too different with the overstock situation. I feel this statement is trying to decouple counterparty and Symbiont.

yep. sounds to me they want to abandon it. it's a very polite way to say "we're done with counterparty and not interested in it anymore, we're making something cooler".

That's not what the post said at all. The technology that Symbiont has developed outside of Counterparty does not overlap or compete with Counterparty at all. They're different things for different uses, one being private network/private blockchain/permissioned access, and the other (Counterparty) being public blockchain, public ledger, open access.

It's kind of like a computer manufacturer who only made desktops now releasing their first laptop model. Sure, they're both computers, but they have different uses, and there are certain cases where one is clearly more appropriate than the other.

To reiterate, Counterparty is still being actively supported and developed (by symbiont staff members, nonetheless). You can see that just by looking at the github.

[bitcoinrocks]

We had a precise business goal in mind when we started Symbiont ... which differs from Counterparty itself in a number of key ways

http://counterparty.io/news/symbiont-and-counterparty/

[zxbball]

At least people were fooled long enough for the pumps. I should have seen this coming. So much for investing in XCP.

what is the object price?

[PhantomPhreak]

Hi all! For anyone who might be interested, we just published a new post on our blog explaining the relationship between Symbiont and Counterparty: http://counterparty.io/news/symbiont-and-counterparty/

Sounds to me not too different with the overstock situation. I feel this statement is trying to decouple counterparty and Symbiont.

yep. sounds to me they want to abandon it. it's a very polite way to say "we're done with counterparty and not interested in it anymore, we're making something cooler".

That's not what the post said at all. The technology that Symbiont has developed outside of Counterparty does not overlap or compete with Counterparty at all. They're different things for different uses, one being private network/private blockchain/permissioned access, and the other (Counterparty) being public blockchain, public ledger, open access.

It's kind of like a computer manufacturer who only made desktops now releasing their first laptop model. Sure, they're both computers, but they have different uses, and there are certain cases where one is clearly more appropriate than the other.

To reiterate, Counterparty is still being actively supported and developed (by symbiont staff members, nonetheless). You can see that just by looking at the github.

That's correct, except laptops vs. desktops isn't a great metaphor, because laptops *are* competing with desktops to some degree. A better comparison would be laptops and phones, where neither competes with the other at all.

The takeaway should be that Symbiont has a lot more resources than Counterparty has alone, so we'll be working on products that are orthogonal to Counterparty *as well*. (We'll also have more resources than ever dedicated to Counterparty itself.)

[bitcoinrocks]

The takeaway should be that Symbiont has a lot more resources than Counterparty has alone, so we'll be working on products that are orthogonal to Counterparty *as well*. (We'll also have more resources than ever dedicated to Counterparty itself.)

Are you speaking from the perspective of Counterparty or Symbiont?  If the former, you're saying that the Counterparty dev group will be working (in part) on products orthogonal to Counterparty?  If the latter, is Symbiont currently working on any product that incorporates Counterparty?