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Author Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread  (Read 1247710 times)
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deliciousowl
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October 15, 2015, 11:24:09 AM
 #11961

Most of this is the unsexy behind-the-scenes work, but they are major strides in helping Counterparty to be a stable and solid option for building a service on, or using in general. For example, Counterwallet stability is much improved over what it was (still not 100% of the way there, but moving in that direction), and the "undolog" updates are very useful for several industry players, like Tokenly.

I'm going to be an enthusiastic optimist and realize that this is 'unsexy' work is exactly what needs to be done if you want XCP in production for business clients.  Smiley Smiley

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xnova
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October 15, 2015, 01:01:37 PM
 #11962

Most of this is the unsexy behind-the-scenes work, but they are major strides in helping Counterparty to be a stable and solid option for building a service on, or using in general. For example, Counterwallet stability is much improved over what it was (still not 100% of the way there, but moving in that direction), and the "undolog" updates are very useful for several industry players, like Tokenly.

I'm going to be an enthusiastic optimist and realize that this is 'unsexy' work is exactly what needs to be done if you want XCP in production for business clients.  Smiley Smiley

Exactly, or for any purpose for that matter. We performed this work due to issues we were seeing, as well as reports from some of the business and groups that have built real-world projects on top of Counterparty (Shapeshift, Tokenly, etc).

Visit the official Counterparty forums: http://counterpartytalk.org
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October 15, 2015, 01:03:09 PM
 #11963

Is there any way to refresh asset balances in Counterwallet without logging out/in?
Balances updated in real time, but you can try to switch between balances and "exchange" tab or any other if your balance not updated long time. Log in/logout is most ridiculous variant to update one page.  Smiley

We'll be looking further into this in the next few weeks. The underlying server changes should help with stability here (i.e. the software is designed to automatically update balances, but something is happening to disrupt that).

Visit the official Counterparty forums: http://counterpartytalk.org
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October 15, 2015, 02:07:00 PM
 #11964

What are some use cases for counterparty that would raise its profile but haven't been explored yet? I don't think there are any derivatives or CFDs in place at the moment are there? Would this be something that would be reasonably easy to set up?
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October 15, 2015, 02:09:54 PM
 #11965

Is the XCP betting site still up?
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October 15, 2015, 08:51:22 PM
 #11966

Is there any way to refresh asset balances in Counterwallet without logging out/in?
Balances updated in real time, but you can try to switch between balances and "exchange" tab or any other if your balance not updated long time. Log in/logout is most ridiculous variant to update one page.  Smiley

We'll be looking further into this in the next few weeks. The underlying server changes should help with stability here (i.e. the software is designed to automatically update balances, but something is happening to disrupt that).

Hi Xnova,

I know there was a blog post about Sym. and CP's relation. But I'll appreciate it if you can relate specifically to the following:

1. Do products and functions currently being built for Symb. have, or will have anything to do with the CP platform? i.e. will they be using any XCPs for transactions for example? or are these completely 100% separate (aside from the technological base which is obviously somewhat similar?

In other words, are there real-life SYMB products that you expect that will be using counterparty at all?

OR

2. CP's growth is really now up to the community and the devs are just there to improve and further stabilize the platform, but you dont expect to create real-life financial products directly on CP, i.e. requiring XCP.

Thanks
 
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October 15, 2015, 09:17:43 PM
 #11967

With the advent of new and new platforms which promise the world such as Fluid and Treeleg, the definition of what a sidechain is has become completely ambiguous and subjective.

This is why I propose that Counterparty is now an embedded consensus sidechain. Please refer to is as such. This makes Counterparty the only functional sidechain in the world.

I expect a price bump of at least 10%+ as a result.

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October 15, 2015, 09:18:01 PM
 #11968

Is there any way to refresh asset balances in Counterwallet without logging out/in?
Balances updated in real time, but you can try to switch between balances and "exchange" tab or any other if your balance not updated long time. Log in/logout is most ridiculous variant to update one page.  Smiley

We'll be looking further into this in the next few weeks. The underlying server changes should help with stability here (i.e. the software is designed to automatically update balances, but something is happening to disrupt that).

Hi Xnova,

I know there was a blog post about Sym. and CP's relation. But I'll appreciate it if you can relate specifically to the following:

1. Do products and functions currently being built for Symb. have, or will have anything to do with the CP platform? i.e. will they be using any XCPs for transactions for example? or are these completely 100% separate (aside from the technological base which is obviously somewhat similar?

In other words, are there real-life SYMB products that you expect that will be using counterparty at all?

OR

2. CP's growth is really now up to the community and the devs are just there to improve and further stabilize the platform, but you dont expect to create real-life financial products directly on CP, i.e. requiring XCP.

Thanks
 



Sure. Along the lines of what we stated earlier, Symbiont has multiple toolkits under its belt. Counterparty is one, and the private network technology we're developing is another. If we have a use-case where the client wishes us to build on a public network-based system, then Counterparty is likely a good choice there. For the other scenarios, our other technology is the better choice. The two technology product suites don't compete with each other, instead they allow us to have coverage for whatever the requirement is.

As to whether Counterparty will become used for a specific project, I can't say, simply because I don't know. Smiley It really just depends on what engagements materialize, and the requirements of each one.

In either case, Symbiont will continue to keep the regular community updates happening, as well as to keep the core Counterparty network chugging along, with improvements to functionality and stability as our resources allow. And lately it hasn't been just us who are adding in functionality, we've had a few code commits from other parties in the ecosystem as well...

What we have now is totally suitable for other parties to build on, and we'd be happy to field any questions by parties interested in the technology and platform.  Hope that helps.

Visit the official Counterparty forums: http://counterpartytalk.org
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October 15, 2015, 09:23:35 PM
 #11969

Can anyone tell me why someone would want their smart contracts running on Counterparty instead of Ethereum?  Is there any advantage besides the security of the Bitcoin blockchain vs the security of the Ethereum blockchain?
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October 15, 2015, 09:26:03 PM
 #11970

Can anyone tell me why someone would want their smart contracts running on Counterparty instead of Ethereum?  Is there any advantage besides the security of the Bitcoin blockchain vs the security of the Ethereum blockchain?

No, apart from the fact that your money or assets are encoded on the only chain with real consensus and a workable solution to the Byzantine General's problem, there is no benefit. I guess if you don't care about network stability or who overwrites your coins and assets, you are free to use Ethereum.

(And Counterparty smart contracts will let you read BTC blocks, BTC transactions, BTC balances, and engage in nlocktime and other BTC scripting)

As to whether Counterparty will become used for a specific project, I can't say, simply because I don't know. Smiley It really just depends on what engagements materialize, and the requirements of each one.

The way I see it: Once you establish rapport, giving tangible metrics of certain inefficiencies (in applicable fields) resolved by using Counterparty instead may be a stepping stone once a private solution is implemented. However, only calculated graphs, simulations and a 3rd party assessment will be convincing. I do hope these solutions are by definition modular and interconnectable as stated before.

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October 15, 2015, 10:23:56 PM
 #11971

Can anyone tell me why someone would want their smart contracts running on Counterparty instead of Ethereum?  Is there any advantage besides the security of the Bitcoin blockchain vs the security of the Ethereum blockchain?

Your blockchain will not undergo an unprecedented change from POW to POS in 12 - 18 months. Who knows what that will mean for businesses on Ethereum, of which there probably won't be many.

deliciousowl
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October 15, 2015, 10:33:06 PM
 #11972

Can anyone tell me why someone would want their smart contracts running on Counterparty instead of Ethereum?  Is there any advantage besides the security of the Bitcoin blockchain vs the security of the Ethereum blockchain?

Your blockchain will not undergo an unprecedented change from POW to POS in 12 - 18 months. Who knows what that will mean for businesses on Ethereum, of which there probably won't be many.

Yes, exactly. The dimensionality of factors that can screw up accounts and liquidity entirely either through malice or accident is exponentially higher than with BTC.

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October 16, 2015, 03:08:07 AM
 #11973

Many comments on IRC and about new partnership to use XCP as clearing for off exchange stock trades. Who has more information?

You have more information than all of us. What IRC?

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October 17, 2015, 05:54:37 AM
 #11974

Can anyone tell me why someone would want their smart contracts running on Counterparty instead of Ethereum?  Is there any advantage besides the security of the Bitcoin blockchain vs the security of the Ethereum blockchain?

From a token/asset view point there are some differences. In Counterparty, the tokens are "Global" meaning that anyone can view the tokens transaction, balances, credits/debits easily as it is encoded on a protocol level. In Ethereum (at the moment), the tokens are part of a "smart contract", they are not "global" in sense. Token/Asset names in Counterparty are unique, where else duplicate token names can be used in Ethereum if they are part of a different contract.

I don't particularly think one is better than the other. Each has its own use cases


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deliciousowl
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October 17, 2015, 11:11:13 AM
 #11975

I don't particularly think one is better than the other.

Sorry, but that is incorrect. Maybe if you are using monopoly money, they can be functionally equivalent.

  • The security of Ethereum - a potato inside a cardboard box without a finished consensus mechanism, a brand new untested blockchain, and a small network
  • The security of Bitcoin - hashing power of more than the top 1000 supercomputers combined, distributed worldwide, with 5 extra years of development, superior liquidity by a factor of 3000x+

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October 17, 2015, 12:56:22 PM
 #11976

the uncertainty of whether things like data feeds will remain as part of the core XCP protocol, and or whether integration of ETH VM will occur and the former will get deprecated is stopping me from mentioning this technology to some cool projects.

just an FYI

WINGS Beta is live - list your project for only 200 WINGS (erc20 coin) at https://wings.ai - over $750 Million raised by ICOs with WINGS
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October 17, 2015, 03:50:27 PM
 #11977

the uncertainty of whether things like data feeds will remain as part of the core XCP protocol, and or whether integration of ETH VM will occur and the former will get deprecated is stopping me from mentioning this technology to some cool projects.

just an FYI


Things like data feeds will remain part of the core XCP protocol. I have never heard anything contrary to that.

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October 17, 2015, 07:19:14 PM
 #11978

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

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October 17, 2015, 09:17:26 PM
 #11979

the uncertainty of whether things like data feeds will remain as part of the core XCP protocol, and or whether integration of ETH VM will occur and the former will get deprecated is stopping me from mentioning this technology to some cool projects.

just an FYI


Things like data feeds will remain part of the core XCP protocol. I have never heard anything contrary to that.

ok but some stuff did get deprecated in the past like the btc-xcp function right?  I'm just trying to cover my ass before I tell these people and then bam! 6 months later there's an End of Life announcement

WINGS Beta is live - list your project for only 200 WINGS (erc20 coin) at https://wings.ai - over $750 Million raised by ICOs with WINGS
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October 18, 2015, 12:17:26 AM
 #11980

the uncertainty of whether things like data feeds will remain as part of the core XCP protocol, and or whether integration of ETH VM will occur and the former will get deprecated is stopping me from mentioning this technology to some cool projects.

just an FYI


Things like data feeds will remain part of the core XCP protocol. I have never heard anything contrary to that.

ok but some stuff did get deprecated in the past like the btc-xcp function right?  I'm just trying to cover my ass before I tell these people and then bam! 6 months later there's an End of Life announcement

It's fun to hear about this kind of real world implementation drama.  Please keep it coming.
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