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Author Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread  (Read 1243446 times)
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StarenseN
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February 29, 2016, 07:23:43 PM
 #12121

Time for a bull market.
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February 29, 2016, 09:06:37 PM
 #12122

3 days and no posts. This is not confidence inspiring for new investors.

...
There needs to be regular updates and they need to be posted here. Right now I feel like I wasted several thousand dollars.

I am very concerned, too. I did not invested several thousand od dollars like you but have a good stake of XCP, too.

I do not see any progress or at least vision for Counterparty. Either here on Bitcointalk nor on Slack channel.

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February 29, 2016, 09:22:33 PM
 #12123

Quote
Counterparty needs to implement Ethereum smart contracts in testnet ASAP or risk "too little too late" syndrome.

Couldn't agree more!
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March 01, 2016, 05:26:35 AM
 #12124

3 days and no posts. This is not confidence inspiring for new investors.

You'll find that our slack chat is more active than this thread.

Several more days of nothing. I was on slack and it was much much worse then I thought. Current discussion is about abandoning and making a counterparty 2. There needs to be regular updates and they need to be posted here. Right now I feel like I wasted several thousand dollars.

The state of this project is not good.  The effective strategy seems to be "wait and see what happens no matter how long it takes".  Meanwhile competing projects press forward and gain mindshare even if their implementations are not perfect.  Counterparty needs to implement Ethereum smart contracts in testnet ASAP or risk "too little too late" syndrome.
I think it is on the testnet already for almost 1 year. It's just no one uses testnet.
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March 01, 2016, 05:30:42 AM
 #12125

3 days and no posts. This is not confidence inspiring for new investors.

You'll find that our slack chat is more active than this thread.

Several more days of nothing. I was on slack and it was much much worse then I thought. Current discussion is about abandoning and making a counterparty 2. There needs to be regular updates and they need to be posted here. Right now I feel like I wasted several thousand dollars.
Price dropped with a reason. It's better always buy something with rising price, rather than the opposite, unless you believe everyone else is wrong.
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March 01, 2016, 01:11:47 PM
 #12126

3 days and no posts. This is not confidence inspiring for new investors.

You'll find that our slack chat is more active than this thread.

Several more days of nothing. I was on slack and it was much much worse then I thought. Current discussion is about abandoning and making a counterparty 2. There needs to be regular updates and they need to be posted here. Right now I feel like I wasted several thousand dollars.

The state of this project is not good.  The effective strategy seems to be "wait and see what happens no matter how long it takes".  Meanwhile competing projects press forward and gain mindshare even if their implementations are not perfect.  Counterparty needs to implement Ethereum smart contracts in testnet ASAP or risk "too little too late" syndrome.
I think it is on the testnet already for almost 1 year. It's just no one uses testnet.

No, it's not.
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March 01, 2016, 01:36:01 PM
 #12127

Bitcrystals and Storj both run on Counterparty and have higher mcap than XCP.

XCP has a great potential as a betting token. The problem is just that ... it is a POTENTIAL ... no one currently uses Counterparty for betting. I'm working on javascript implementation. Once it is made, it will be trivial to do one-click betting with CounterTools.

Another use for XCP is for registering asset names. Almost 50.000 names have been created and several new ones are issued every day. Lately I've seen quite a few Japanese ones. It's cool to see CP gaining traction there. 0.5 XCP is burned for every asset, and since no new XCP is mined, the supply is actually deflating.

Of course, for the quick buck go with a speculative coin. If you want a larger share in something that MAY have real value in the future, then XCP should be considered.

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March 01, 2016, 10:01:45 PM
 #12128

Bitcrystals and Storj both run on Counterparty and have higher mcap than XCP.

XCP has a great potential as a betting token. The problem is just that ... it is a POTENTIAL ... no one currently uses Counterparty for betting. I'm working on javascript implementation. Once it is made, it will be trivial to do one-click betting with CounterTools.

Another use for XCP is for registering asset names. Almost 50.000 names have been created and several new ones are issued every day. Lately I've seen quite a few Japanese ones. It's cool to see CP gaining traction there. 0.5 XCP is burned for every asset, and since no new XCP is mined, the supply is actually deflating.

Of course, for the quick buck go with a speculative coin. If you want a larger share in something that MAY have real value in the future, then XCP should be considered.

Hi i noticed that you are doing javascript implementation.
Is there anyway Counterparty and LISK ( Dapp currency for Javascript & Node Dapps https://bitcointalk.org/index.php?topic=1346646.0) could compliment eachother.
Furthermore i don't think there is an issue with counterparty 2 if we could trade in counterparty tokens for counterparty 2 tokens.
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March 02, 2016, 12:40:10 PM
 #12129

3 days and no posts. This is not confidence inspiring for new investors.

You'll find that our slack chat is more active than this thread.

Several more days of nothing. I was on slack and it was much much worse then I thought. Current discussion is about abandoning and making a counterparty 2. There needs to be regular updates and they need to be posted here. Right now I feel like I wasted several thousand dollars.

The state of this project is not good.  The effective strategy seems to be "wait and see what happens no matter how long it takes".  Meanwhile competing projects press forward and gain mindshare even if their implementations are not perfect.  Counterparty needs to implement Ethereum smart contracts in testnet ASAP or risk "too little too late" syndrome.

Now would be the perfect time to implement while Eth is on this huge run.

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March 03, 2016, 04:42:23 AM
 #12130

If Smart Contracts someday coming working with Counterparty. Are that possible do XAsset backet by BTC and XAsset backet with XCP assets where backer doesn't have control for BTC/XCP and all exchange happen inside Bitcoin blockchain?
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March 03, 2016, 05:43:40 AM
 #12131

If Smart Contracts someday coming working with Counterparty. Are that possible do XAsset backet by BTC and XAsset backet with XCP assets where backer doesn't have control for BTC/XCP and all exchange happen inside Bitcoin blockchain?

Yeah. You can do backed assets now if you'd like.

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March 03, 2016, 11:08:28 AM
 #12132

Quote

Hi i noticed that you are doing javascript implementation.
Is there anyway Counterparty and LISK ( Dapp currency for Javascript & Node Dapps https://bitcointalk.org/index.php?topic=1346646.0) could compliment eachother.
Furthermore i don't think there is an issue with counterparty 2 if we could trade in counterparty tokens for counterparty 2 tokens.


I'm not familiar with LISK but it could be very interesting to work on an integration Wink

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March 04, 2016, 01:45:22 PM
 #12133

Have I seen this logo somewhere earlier? https://en.wikipedia.org/wiki/Takeda_clan

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March 05, 2016, 05:15:47 AM
 #12134

I haven't seen much going on here, is this project going anywhere? The price looks sweet at this moment in time and I would consider investing if I knew that the project is alive and moving forward.

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March 05, 2016, 08:01:05 PM
 #12135

I think since at least 10 hours the wallet servers are offline. What's wrong with that? No announcement here?

And I only found out now that you can't trade shares against bitcoin. Which means you have to create orders in xcp, which in turn means you constantly would have to check the prices of xcp to bitcoin and from bitcoin to fiat. Not funny.

I have heard about the problems with the bitcoin implementation and honestly I don't understand why the implementation was done with a timelock. Makes no sense for me for something that started to be an exchange.

I heard too that you might be able to trade in bitcoin but only through third party websites. Which means trusting them. Well, I would not need counterparty for that. I could use a normal exchange. I have to trust these too and we know how this turns out.

At least I heard that there are works done on a new implementation. Can't believe that this was not done correctly from the start. So now when I want to trade shares I have to constantly watch prices? I awaited better.

I was quite impressed of the really easy and intuitive design of xcp. But this is not cool. At least dividends can be paid out in bitcoin. But trading is a very important part of holding a share.

I wonder if someone official reads this at all...

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March 05, 2016, 08:39:28 PM
 #12136

Something wrong with the Counterparty wallet, unable to login to the site  Huh

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March 05, 2016, 09:34:54 PM
 #12137

https://counterpartytalk.org/t/cant-login-no-counterparty-servers-are-currently-available-please-try-again-later-error-s/1865

Quote
Updates (unofficial)

    Sat Mar 5 17:23:17 GMT 2016: Putative fix is available for Counterparty Server operators' testing at https://github.com/CounterpartyXCP/counterparty-lib/tree/crash-prevention5
    Sat Mar 5 21:25:47 GMT 2016: A fix for the proximal cause of the bug is available for testing at: https://github.com/CounterpartyXCP/counterparty-lib/pull/839 (in branch https://github.com/CounterpartyXCP/counterparty-lib/commits/max-fee-fraction). Please note that the both of these pull requests should be ultimately merged into the develop branch (and ultimately master), at which point it will be easier to evaluate the both rather than apply them one by one. Those who wish to wait until the both are ready can watch commits on develop (https://github.com/CounterpartyXCP/counterparty-lib/commits/develop) and download and after these fixes are in. Until then the both fixes are more likely to undergo minor modifications.
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March 05, 2016, 10:42:04 PM
 #12138

We have many times hear that Counterparty is excellent because if BTC fail it can move to another chain.


If we think scenario where BTC will fail (i don't think it will happen) and Ethereum will come most used and best blockchain. What is Counterparties option then? As I understand when Counterparty can make everything what Ethereum can make, but in other way there is nothing what Ethereum can't make what Counterparty can?

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March 05, 2016, 11:59:25 PM
 #12139



bittrex

"Bug in Counterparty wallet. Waiting for dev fix"


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March 06, 2016, 12:16:54 AM
 #12140


What does it mean when we say Initialize Balances? It may not be clear from the initial introduction above and it does sound like a new concept.


It's not a new concept. See https://en.bitcoin.it/wiki/Proof_of_burn. Certainly, it's similar to what Nxt and Mastercoin did (but better).

Right now no one owns any XCP, which we need a "fair, distributed and transparent" way of creating and distributing. Requiring people to publicly "destroy" BTC is a good way of doing that.
Destroying btc is cool, but gambling till death to wager more is better.

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