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Author Topic: [ANN][XCP] Counterparty - Pioneering Peer-to-Peer Finance - Official Thread  (Read 1267375 times)
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TheMightyX
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January 21, 2014, 05:04:04 PM
 #1221

Total BTC Burnt:     1,427.4831 BTC
http://blockscan.com/default.aspx

Guys... this is getting out of hand!
max should have been made .1 btc
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January 21, 2014, 05:05:23 PM
 #1222

Total BTC Burnt:     1,427.4831 BTC
http://blockscan.com/default.aspx

Guys... this is getting out of hand!
max should have been made .1 btc

It will dillute profits a bit, but at least we know there is alot of people who have vested interest that this protocol succeeds.

I think as soon as we get user friendly GUI, this project will explode.
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January 21, 2014, 05:09:14 PM
 #1223

I have 0.8.6 Wallet (on Win 8 x64) and I added the following to the bitcoin.conf as instructed

rpcuser=rpc
rpcpassword=xxxxxxxxxx
server=1
daemon=1
txindex=1

Started qt with the --reindex option. It took a long time and finally finished. I closed qt and opened it again and it gives me "Corrupted block database detected" - so I accepted rebuilding the block database. Once this finished I once again closed the client and opened to check - and it gives me the same error. Not sure what to do as the black chain now is a humungus 17gb and I really want to participate in burning in some XCP (also not confident of using blockchain,info to burn).

I also tried setting the checkpoint=2 in the bitcoin.conf but does not seem to work. I tried the 0.8.5 client as well. I removed the txindex=1 and tried just to be sure. But no luck so far.

The only other thing I was run the counterpartyd_build (after downloading the necessary dependencies). I tried to run the server command line but I had not configured the counterpartyd conf correctly so that crashed.

Can someone please help me to
1. Open my wallet and solve the corrupted block problem. My coins are stuck in that. I am dreading having to either download the block from scratch or reindex
2. Help me burn. Any option other than counterpartyd_build or blockchain.info right now?




What's wrong with block chain info.  I burned 10 btc flawlessly.
are you fucking kidding me...
It's too bad there is no way of enforcing a invest limit.
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January 21, 2014, 06:38:09 PM
 #1224

Hi guys,
I successfully burned like o.5 bitcoin. I can see it http://www.blockscan.com/

Do I need to transfer it to a local wallet ? I have a Mac I should find a safe windows system, is it safe to leave it alone in my blockchain wallet. ?
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January 21, 2014, 07:17:02 PM
 #1225

Hi guys,
I successfully burned like o.5 bitcoin. I can see it http://www.blockscan.com/

Do I need to transfer it to a local wallet ? I have a Mac I should find a safe windows system, is it safe to leave it alone in my blockchain wallet. ?

Its safe as long as you don't hand over your private key to anybody.

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January 21, 2014, 07:22:36 PM
 #1226

Hi guys,
I successfully burned like o.5 bitcoin. I can see it http://www.blockscan.com/

Do I need to transfer it to a local wallet ? I have a Mac I should find a safe windows system, is it safe to leave it alone in my blockchain wallet. ?

Its safe as long as you don't hand over your private key to anybody.


very cool.
one more thing, I am only allowed to burn 1 BTC per wallet address ? if I wanna burn more, I should open a new account in blockchain ?
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January 21, 2014, 07:24:13 PM
 #1227

one more thing, I am only allowed to burn 1 BTC per wallet address ? if I wanna burn more, I should open a new account in blockchain ?

The limit is 1 BTC per address. You can create another address in the same wallet and burn BTC from your new address.

My PGP-Key: 462D02D8
Verify my messages using keybase: https://keybase.io/maxmint
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January 21, 2014, 08:01:39 PM
 #1228

How can i generate an address like this: 1CounterpartyXXXXXXXXXXXXXXXUWLpVr ?

Why 1CounterpartyXXXXXXXXXXXXXXXXXXXXX is impossible?

Thks.

.
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January 21, 2014, 08:03:21 PM
 #1229

Total BTC Burnt:     1,427.4831 BTC
http://blockscan.com/default.aspx

Guys... this is getting out of hand!
max should have been made .1 btc

Quite the opposite! I see that as a "Proof of Fairness"

Don't forget to donate to the devs if you invest.
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January 21, 2014, 08:05:30 PM
 #1230

How can i generate an address like this: 1CounterpartyXXXXXXXXXXXXXXXUWLpVr ?

Why 1CounterpartyXXXXXXXXXXXXXXXXXXXXX is impossible?

Thks.

checksum
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January 21, 2014, 08:05:40 PM
 #1231

How can i generate an address like this: 1CounterpartyXXXXXXXXXXXXXXXUWLpVr ?

Why 1CounterpartyXXXXXXXXXXXXXXXXXXXXX is impossible?

Thks.

I think this is because the last digits are a checksum. If you read the whole thread this is explained somewhere with the Proof of Burn concept.
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January 21, 2014, 09:13:28 PM
 #1232

Perhaps I missed something, but it seems that creating new asset costs now 0.0002086 BTC, is it correct?
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January 21, 2014, 10:27:49 PM
 #1233

How can i generate an address like this: 1CounterpartyXXXXXXXXXXXXXXXUWLpVr ?

Why 1CounterpartyXXXXXXXXXXXXXXXXXXXXX is impossible?

Thks.

checksum

thks!

.
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January 21, 2014, 10:36:09 PM
 #1234

what is the advantage of using XCP, compared with coloredcoin (http://coloredcoins.org/)?
In any case, it's probably possible to make a chromawallet fork for XCP (http://chromawallet.com/).

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January 22, 2014, 02:54:32 AM
 #1235

What about linking XCP generated Assets to the original Issuer address by limiting an address to a single issued asset per address and requiring it to maintain a certain balance of XCP?
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January 22, 2014, 03:06:43 AM
 #1236

What about linking XCP generated Assets to the original Issuer address by limiting an address to a single issued asset per address and requiring it to maintain a certain balance of XCP?

As Counterparty stands, only one address can issue each asset, and each address can issue only one asset. Why do you think an address which issues an asset should have to maintain a certain balance of XCP?
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January 22, 2014, 03:10:15 AM
 #1237

What about linking XCP generated Assets to the original Issuer address by limiting an address to a single issued asset per address and requiring it to maintain a certain balance of XCP?

As Counterparty stands, only one address can issue each asset, and each address can issue only one asset. Why do you think an address which issues an asset should have to maintain a certain balance of XCP?

I think it could be a reasonably effective way to prevent one person from, issuing as mentioned, numerous Assets and sitting on them. It's pretty trivial at the moment to write a script to issue all possible 3/4 letter assets, and I don't think that a tiny fee is a real deterrent.
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January 22, 2014, 03:16:47 AM
 #1238

What about linking XCP generated Assets to the original Issuer address by limiting an address to a single issued asset per address and requiring it to maintain a certain balance of XCP?

As Counterparty stands, only one address can issue each asset, and each address can issue only one asset. Why do you think an address which issues an asset should have to maintain a certain balance of XCP?

I think it could be a reasonably effective way to prevent one person from, issuing as mentioned, numerous Assets just by generating addresses just to sit on them. It's pretty trivial at the moment to write a scrip to issue all possible 3/4 letter assets, and I don't think that a tiny fee is a real deterrent.

I spoke imprecisely last time: there are in fact 256^8 asset names in all, but there only around 10,000 single common English words that could possibly be asset names. The problem, then, is rather different from how I initially described it.
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January 22, 2014, 03:39:44 AM
 #1239

Given these problems, and the fact that any fixed fee will ultimately not make sense, I still support some kind of proof of model (e.g. PoS) and local/global assets to ultimately fix this problem (as I described several pages back). It has a natural analogy with how marketing (in the real world) works -- anyone can come up with an idea/product, but to introduce it to the real world, there are costs involved. Even further, it (a PoS function) directly incentivizes holding XCP without introducing a balance requirement (a heavy handed way to do things) or restricting it per address (which = Sybil attack). Again, proof of stake doesn't have to lead to inflation of the underlying asset (one of the most common criticisms); in XCP's case, it can create new assets.

As an extension, I could even imagine XCP holders that don't want to create assets to pull their "proof of stake" power into some sort of pool to help promising/deserving projects that don't have a lot of XCP to launch.

Dans les champs de l'observation le hasard ne favorise que les esprits préparé
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January 22, 2014, 05:19:32 AM
 #1240

Not sure if there's a way to do it, but would be good if ongoing fees could go into a dev pool.
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