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

[halfcab123]

Come on lets help Busoni! He's putting us on exchange.

[Anotheranonlol]

Can someone tell me why I might get this response when sending XCP?

{"jsonrpc": "2.0", "id": "0", "error": {"message": "Server error", "code": -32000, "data": {"message": "{'message': 'TX rejected', 'code': -22}", "args": ["{'message': 'TX rejected', 'code': -22}"], "type": "BitcoindError"}}}

Yeah, this just isn't going through. Syntax to counterpartyd is correct, in fact it's exactly the same as a previously successful transaction. Here is the raw transaction counterpartyd produces--rejected by bitcoind:

01000000028705906200b0d11087997cd3a29988febeefae3acd9b50210ae46defc49a6b1802000 00000ffffffffa3223ec192a0fbcdc12767b2f58ffaf2c518e8e36360157d3def6b52dd542d4b00 00000000ffffffff036c2a0000000000001976a91435ee14d3ff8ece097df4b5e5370d6908120bf 79688ac6c2a0000000000004751210326594aabcc23ade1f4d35641dec0461c89be318d6939ccd1 169cdeb7721fe6d0211c434e5452505254590000000000000000000000010000000002faf080000 0000052aed0070000000000001976a9140ea4be0d9f68eb471159d30516252cf49d8607f588ac00 000000

not sure if this helps you

https://counterparty.co/faqs/i-got-an-error-tx-rejected-code-22-what-is-that/

ps, there is irc channel irc.counterparty.co
#xcp and #xcp-dev

[romerun]

you guys see this https://bitcointalk.org/index.php?topic=462236 ?

idea is to use "collateral" in place of escrow, it can be used to create trustless p2p ebay,

to me this is definitely the iphone invention

somehow the idea might be able to expand to xcp plaform

[halfcab123]

@PhantomPhreak, with all due respect, have you seen the above information ?

[PhantomPhreak]

Can someone tell me why I might get this response when sending XCP?

{"jsonrpc": "2.0", "id": "0", "error": {"message": "Server error", "code": -32000, "data": {"message": "{'message': 'TX rejected', 'code': -22}", "args": ["{'message': 'TX rejected', 'code': -22}"], "type": "BitcoindError"}}}

Yeah, this just isn't going through. Syntax to counterpartyd is correct, in fact it's exactly the same as a previously successful transaction. Here is the raw transaction counterpartyd produces--rejected by bitcoind:

01000000028705906200b0d11087997cd3a29988febeefae3acd9b50210ae46defc49a6b1802000 00000ffffffffa3223ec192a0fbcdc12767b2f58ffaf2c518e8e36360157d3def6b52dd542d4b00 00000000ffffffff036c2a0000000000001976a91435ee14d3ff8ece097df4b5e5370d6908120bf 79688ac6c2a0000000000004751210326594aabcc23ade1f4d35641dec0461c89be318d6939ccd1 169cdeb7721fe6d0211c434e5452505254590000000000000000000000010000000002faf080000 0000052aed0070000000000001976a9140ea4be0d9f68eb471159d30516252cf49d8607f588ac00 000000

not sure if this helps you

https://counterparty.co/faqs/i-got-an-error-tx-rejected-code-22-what-is-that/

ps, there is irc channel irc.counterparty.co
#xcp and #xcp-dev

busoni, does that FAQ page help at all? Is that transaction still being rejected?

[romerun]

Come on lets help Busoni! He's putting us on exchange.

take a loot at https://masterxchange.com

xcp is the same concept

what they do is user who deposits MSC has to specify his MSC address(which is bitcoin address) on the website, and send it to 1MaStErt4XsYHPwfrN9TpgdURLhHTdMenH, and they just check the input of debit transactions to see who send MSC. By doing this, they have one address holding all XCP which is easy to withdraw back to users, no need to spread dust btc across addresses.

If you can support XCP, then you can also use this scheme to support MSC as well, one stone 2 birds, worth your effort no doubt

[SyRenity]

you guys see this https://bitcointalk.org/index.php?topic=462236 ?

idea is to use "collateral" in place of escrow, it can be used to create trustless p2p ebay,

to me this is definitely the iphone invention

somehow the idea might be able to expand to xcp plaform

Wow, if done right, this basically can solve the whole fiat to crypto problem (that almost totally controlled by banks today).
Reading it seems ideal for XCP, any ideas how this can be implemented?

[SyRenity]

192px versions:



I will make source Illustrator files available if there is interest.

I like the first one!

+1 - imho clean design always better (and saves ink! )

[PhantomPhreak]

@PhantomPhreak, with all due respect, have you seen the above information ?

About 'Bank Run'? The protocol is fine, I expect, but it's not super new stuff, and it won't be very smooth.

It doesn't have very much to do with Counterparty. I guess we could reimplement multi-sig transactions ourselves...

[romerun]

you guys see this https://bitcointalk.org/index.php?topic=462236 ?

idea is to use "collateral" in place of escrow, it can be used to create trustless p2p ebay,

to me this is definitely the iphone invention

somehow the idea might be able to expand to xcp plaform

Wow, if done right, this basically can solve the whole fiat to crypto problem (that almost totally controlled by banks today).
Any ideas how it can be implemented on top of XCP?

I haven't thought it through but one idea is to implement the "collateral" protocol inside XCP -- 2 parties put up their collateral as XCP or XCP assets, then they exchange what ever they want to exchange, then they just send "collateralRelease", no need to ping pong that complicate multisigs, easy to understand,

[halfcab123]

My bitcoind -reindex still sitting there .... No indication of any progress.
I think I'm at somewhere over 48 hours now. Any idea
how to tell if its still going/working ? How long til I should
kill this process ?

[busoni]

Come on lets help Busoni! He's putting us on exchange.

take a loot at https://masterxchange.com

xcp is the same concept

what they do is user who deposits MSC has to specify his MSC address(which is bitcoin address) on the website, and send it to 1MaStErt4XsYHPwfrN9TpgdURLhHTdMenH, and they just check the input of debit transactions to see who send MSC. By doing this, they have one address holding all XCP which is easy to withdraw back to users, no need to spread dust btc across addresses.

If you can support XCP, then you can also use this scheme to support MSC as well, one stone 2 birds, worth your effort no doubt

How do you tell who sent how much? Is there an API call for looking at transactions? It seemed all I could do was check balances.

At any rate, the way I'm trying to do it would be easier for users, and the only reason it's not working is because I can't send XCP. If I can't send XCP, it doesn't really matter how the deposit system works.

The FAQ didn't really help, I had tried those things already. It's kind of annoying, I can't find any more information about the error other than that the tx is rejected.

Joined the IRC channel, no one's there.

It's so close--everything would work if Counterparty would.

[busoni]

My bitcoind -reindex still sitting there .... No indication of any progress.
I think I'm at somewhere over 48 hours now. Any idea
how to tell if its still going/working ? How long til I should
kill this process ?

Is it using CPU resources? You can also start it with -daemon and -reindex and monitor its progress with getblockcount.

[halfcab123]

My bitcoind -reindex still sitting there .... No indication of any progress.
I think I'm at somewhere over 48 hours now. Any idea
how to tell if its still going/working ? How long til I should
kill this process ?

Is it using CPU resources? You can also start it with -daemon and -reindex and monitor its progress with getblockcount.

It's at 228,000 MB of ram taken up. But the CPU is 00%....
Crap man.. I've tried this 3 times now. I can't believe its
this difficult, I've got a serious amount of XCP and I need
to consolidate to one address and get it ready to start
trading... sigh... Is there someone I can send a donation
to for help ?

[porqupine]

you guys see this https://bitcointalk.org/index.php?topic=462236 ?

idea is to use "collateral" in place of escrow, it can be used to create trustless p2p ebay,

to me this is definitely the iphone invention

somehow the idea might be able to expand to xcp plaform

Wow, if done right, this basically can solve the whole fiat to crypto problem (that almost totally controlled by banks today).
Any ideas how it can be implemented on top of XCP?

I haven't thought it through but one idea is to implement the "collateral" protocol inside XCP -- 2 parties put up their collateral as XCP or XCP assets, then they exchange what ever they want to exchange, then they just send "collateralRelease", no need to ping pong that complicate multisigs, easy to understand,

It seems the collateral has to be quite large, otherwise it's abusable. Also there is a large risk discrepancy between the two parties. Furthermore bitcoin price volatility, suppose I lock in to sell 10 btc, next Silkroad2 is hacked, or MtGox is down or some other news, the buyer realizes that even if he losses his collateral he will still get a better deal waiting for the price to bottom out, so he decides not to complete the send - he losses collateral - I lose 10 btc + collateral. Anyways I'd rather pay 1-2% on an exchange.

[busoni]

I got it unstuck... sent a little more BTC to the address and it sent. That can be automated.

[kdrop22]

Come on lets help Busoni! He's putting us on exchange.

take a loot at https://masterxchange.com

xcp is the same concept

what they do is user who deposits MSC has to specify his MSC address(which is bitcoin address) on the website, and send it to 1MaStErt4XsYHPwfrN9TpgdURLhHTdMenH, and they just check the input of debit transactions to see who send MSC. By doing this, they have one address holding all XCP which is easy to withdraw back to users, no need to spread dust btc across addresses.

If you can support XCP, then you can also use this scheme to support MSC as well, one stone 2 birds, worth your effort no doubt

How do you tell who sent how much? Is there an API call for looking at transactions? It seemed all I could do was check balances.

At any rate, the way I'm trying to do it would be easier for users, and the only reason it's not working is because I can't send XCP. If I can't send XCP, it doesn't really matter how the deposit system works.

The FAQ didn't really help, I had tried those things already. It's kind of annoying, I can't find any more information about the error other than that the tx is rejected.

Joined the IRC channel, no one's there.

It's so close--everything would work if Counterparty would.

Someone, please help busconi. He is trying to get it on the Exchange.

[Anotheranonlol]

I got it unstuck... sent a little more BTC to the address and it sent. That can be automated.

how much was in there initially? just dust?

[halfcab123]

I got it unstuck... sent a little more BTC to the address and it sent. That can be automated.

So exciting, whats the timeframe now ? hehe sorry not
asking for an eta  

[romerun]

How do you tell who sent how much? Is there an API call for looking at transactions? It seemed all I could do was check balances.

Heh, I have no clue, but counterpartyd api "should" provide such info, pretty sure the database has it

It seems the collateral has to be quite large, otherwise it's abusable. Also there is a large risk discrepancy between the two parties. Furthermore bitcoin price volatility, suppose I lock in to sell 10 btc, next Silkroad2 is hacked, or MtGox is down or some other news, the buyer realizes that even if he losses his collateral he will still get a better deal waiting for the price to bottom out, so he decides not to complete the send - he losses collateral - I lose 10 btc + collateral. Anyways I'd rather pay 1-2% on an exchange.

yes ideally it should be worth more than what is traded,

I'm thinking more of physical item than digital item, such as those craigslist, ebay items, say I want to sell a SSD, and put up $300 worth of collateral in XCP, buyer contacts me and puts up the same amount of collateral, buyer mails me the money, I mail him the item "at the same time, no need for anyone to send first", buyer receives it and complains that it's not as described, so we both mail each other shits back, and release the collaterals.