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

[PhantomPhreak]

I've had a couple transactions go through today, and I still have 5 order id's that show up when I look at counterparty market. I guess they'll just expire but I'd hate for those people to think I'm a troll :-)

same here,
I have two outstanding transactions but when I try to pay I get this error

lib.exceptions.TransactionError: Destination output is below the dust target value.


??

I don't think that there's much to be done about this, except to hide such orders and order matches in a proper GUI. The problem is that the dust size is currently (much) larger than one satoshi, and it certainly should not be!

[mtbitcoin]

Getting another error now with v 0.4

I am pretty sure it does not exceed 8 decimals

buy 0.12 btc for 20 XCP

---
Traceback (most recent call last):
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 515, in <module>
    fee_provided = util.devise(db, args.fee_provided, 'BTC', 'input')
  File "C:\counterpartyd_build\dist\counterpartyd\lib\util.py", line 552, in devise
    raise exceptions.QuantityError('Divisible assets have only eight decimal places of precision.')
lib.exceptions.QuantityError: Divisible assets have only eight decimal places of precision.

That problem should be fixed in this commit.

I am unable to test your latest commit, because the latest develop throws another new issue this time (and this is with NO fee specificied in the command line)

  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 513, in <module>
    raise exceptions.FeeError('When buying BTC, do not specify a fee provided.')
lib.exceptions.FeeError: When buying BTC, do not specify a fee provided.

[kdrop22]

In regards to having xcp added to coinmarketcap. I PM'ed Gliss to ask about the criteria and this was his response:

Criteria for a coin to be added:
Must be a cryptocurrency
Must be traded on a public exchange that is older than 30 days and with an API available.
Must have a public URL that displays the total supply (total mined so far).

Request form: https://docs.google.com/forms/d/1IZf5cBivam_93zENT_arFFuvWDidHGjWxoTMVmFSoWg/viewform

Someone has already submitted XCP to be added, but hasn't included a public exchange yet.  Do you know of any?

So looks like he'll gladly add it, but we need to be on an exchange and have an api available.


This would be great for exposure as most people in the crypto space use coinmarketcap.

GOOD

The exchange is the distributed exchange - order book on www.blockscan.com. We probably need to put in a request for blockscan to include an API.
https://bitcointalk.org/index.php?topic=406408.0

[qtgwith]

In regards to having xcp added to coinmarketcap. I PM'ed Gliss to ask about the criteria and this was his response:

Criteria for a coin to be added:
Must be a cryptocurrency
Must be traded on a public exchange that is older than 30 days and with an API available.
Must have a public URL that displays the total supply (total mined so far).

Request form: https://docs.google.com/forms/d/1IZf5cBivam_93zENT_arFFuvWDidHGjWxoTMVmFSoWg/viewform

Someone has already submitted XCP to be added, but hasn't included a public exchange yet.  Do you know of any?

So looks like he'll gladly add it, but we need to be on an exchange and have an api available.


This would be great for exposure as most people in the crypto space use coinmarketcap.

GOOD

The exchange is the distributed exchange - order book on www.blockscan.com. We probably need to put in a request for blockscan to include an API.
https://bitcointalk.org/index.php?topic=406408.0

Yes.Only need provide API now.

[xibeijan]

I didn't see an answer, so I'll ask again....

What happens to the 5 XCM fee you pay when you issue an asset?

[mtbitcoin]

I didn't see an answer, so I'll ask again....

What happens to the 5 XCM fee you pay when you issue an asset?

Hi PhantomPhreak

Just a quick question. Is the asset fee correctly calculated. I see the fee listed under issuances.fee_paid as "5" for valid entries.

However, since the value is divisible shouldn't this be listed as (500000000) XCP instead of 5?

cheers

[mtbitcoin]

I didn't see an answer, so I'll ask again....

What happens to the 5 XCM fee you pay when you issue an asset?

I believe they are burnt

[qtgwith]

I didn't see an answer, so I'll ask again....

What happens to the 5 XCM fee you pay when you issue an asset?

I donn't know whether the post#2498 is the answer.
 

[PhantomPhreak]

Getting another error now with v 0.4

I am pretty sure it does not exceed 8 decimals

buy 0.12 btc for 20 XCP

---
Traceback (most recent call last):
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 515, in <module>
    fee_provided = util.devise(db, args.fee_provided, 'BTC', 'input')
  File "C:\counterpartyd_build\dist\counterpartyd\lib\util.py", line 552, in devise
    raise exceptions.QuantityError('Divisible assets have only eight decimal places of precision.')
lib.exceptions.QuantityError: Divisible assets have only eight decimal places of precision.

That problem should be fixed in this commit.

I am unable to test your latest commit, because the latest develop throws another new issue this time (and this is with NO fee specificied in the command line)

  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 513, in <module>
    raise exceptions.FeeError('When buying BTC, do not specify a fee provided.')
lib.exceptions.FeeError: When buying BTC, do not specify a fee provided.

This should be fixed in commit 20a3bacce706f5583639b491d7b0841667cf5f7a.

[xibeijan]

I didn't see an answer, so I'll ask again....

What happens to the 5 XCM fee you pay when you issue an asset?

I believe they are burnt

So this serves as a form of deflation for XCP?

One other related question, why is the fee for sending XCP so expensive?  That is, the bitcoin min tx fee is 0.0001, while to send XCP costs me 0.0003XXX 

[xibeijan]

I didn't see an answer, so I'll ask again....

What happens to the 5 XCM fee you pay when you issue an asset?

I donn't know whether the post#2498 is the answer.
 

No.  That only answers the first question.

[OTK47]

Hi I'm currently running armory with bitcoind. Is it okay to connect counterpartyd to the same bitcoind I use for armory? When setting up bitcoind for use on counterpartyd. As counterpartyd connects to bitcoind through the RPC (I think), how do I get around the conflicting username/password settings that armory uses? Sorry if this is basic but my understanding of this is very limited so a simple explanation would be appreciated. Thanks.

[SyRenity]

I didn't see an answer, so I'll ask again....

What happens to the 5 XCM fee you pay when you issue an asset?

I believe they are burnt

Question - why burn them, rather then pay miners for supporting the XCP (rather then blocking it in their transactions)?

[mtbitcoin]

I didn't see an answer, so I'll ask again....

What happens to the 5 XCM fee you pay when you issue an asset?

I believe they are burnt

Question - why burn them, rather then pay miners for supporting the XCP (rather then blocking it in their transactions)?

The miners on the bitcoin network can only be paid with btc. But the fee for asset issuance is in XCP (5)

[SyRenity]

The local ASIC developer is a small IPO candidate indeed, which AFAIK looks to raise between 500K - 1M.
If we can offer them solid model, it will be a great start for XCP.

Any advance with the miners direction?

Perhaps we can do this through marketing channel that is being created - are there any selected candidates yet?

[SyRenity]

The miners on the bitcoin network can only be paid with btc. But the fee for asset issuance is in XCP (5)

So why not pay the miners that process these transactions with these XCP (rather then loose it)?
Or even donate to dev group?

Seems to me these burnt XCP can be diverted to a much better function.

[SyRenity]

Let's say Alice is selling BTC for XCP with a 5 block expiration on her order and Sally is selling XCP for BTC with a 3 block expiration on her order, and their orders get matched. Upon the matching, the protocol debits the XCP from Sally's account, and then Alice has 3 blocks to send Sally her BTC using the btc-pay command. If Alice fails to send Sally BTC within 3 blocks, the deal is cancelled and Sally's account gets re-credited with the XCP.

Thanks for this answer (and subsequent clarifications), its much more clearer now.

Just one thing - the assets shares selling will work in same way? Meaning the asset holder will post a sale offer, and whoever matches it, will have to transfer BTC within set amount of blocks time?

[PhantomPhreak]

I didn't see an answer, so I'll ask again....

What happens to the 5 XCM fee you pay when you issue an asset?

Hi PhantomPhreak

Just a quick question. Is the asset fee correctly calculated. I see the fee listed under issuances.fee_paid as "5" for valid entries.

However, since the value is divisible shouldn't this be listed as (500000000) XCP instead of 5?

cheers

Yeah, that's no good. I've fixed that from block 286000 on, too. Now we're on v0.4.1.

[peled1986]

is there a reason why the top buy and sell orders are not matching immediately? (top sell order is cheaper per xcp than the top buy order)
link: http://blockscan.com/order_book.aspx

[PhantomPhreak]

is there a reason why the top buy and sell orders are not matching immediately? (top sell order is cheaper per xcp than the top buy order)
link: http://blockscan.com/order_book.aspx

There are some overlaps due to rounding issues which should be fixed with block 286000.