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

[Matt Y]

Worth noting is that while crowdfunding is great, and Counterparty is the best platform for it, crowdfunding and IPOs do not drive the value of XCP. Those actions are basically free and XCP is not required for them due to the founders not limiting the ability of bitcoin intentionally in order to force the use of XCP.

If you are holding XCP and want to see an increase in price and adoption of XCP, what you are looking to is xbet.io and other similar sites (sites that provide peer-to-peer betting with no trusted third party).

Five hundred successfully crowdfunded businesses will the increase exposure of Counterparty, which will probably increase adoption, however, one successful xbet.io type site and the price of XCP will go to the moon. And Counterparty is the only platform that offers trustless, peer-to-peer betting at this time.

Counterparty - 1

Everyone else - 0

[1715618483]

1715618483

[Matt Y]

Counterparty, Swarm, and Vennd in a nice CoinDesk article: http://www.coindesk.com/swarm-take-bitcoin-crowdfunding-new-heights/

[romerun]

Worth noting is that while crowdfunding is great, and Counterparty is the best platform for it, crowdfunding and IPOs do not drive the value of XCP. Those actions are basically free and XCP is not required for them due to the founders not limiting the ability of bitcoin intentionally in order to force the use of XCP.

Crowdfunding with BTC on Counterparty network has a lot more friction than doing with XCP though. If XCP liquidity is good enough for such IPO, it's better to crowdfund with XCP. XBTC would help mitigating the friction, but requires trusting another party. Thus, crowdfunding does help driving value of XCP.

[led_lcd]

Worth noting is that while crowdfunding is great, and Counterparty is the best platform for it, crowdfunding and IPOs do not drive the value of XCP. Those actions are basically free and XCP is not required for them due to the founders not limiting the ability of bitcoin intentionally in order to force the use of XCP.

Crowdfunding with BTC on Counterparty network has a lot more friction than doing with XCP though. If XCP liquidity is good enough for such IPO, it's better to crowdfund with XCP. XBTC would help mitigating the friction, but requires trusting another party. Thus, crowdfunding does help driving value of XCP.

That's where Vennd steps in -crowdfunding with BTC becomes really easy.

Create a vending machine which accepts BTC and it automatically dispenses APPCOIN. The vending machine does not need to control the private key of the address which is receiving BTC. The address which is receiving BTC can even be a multi-sig address.

From an investor's point of view: Fund Counterwallet with BTC, send BTC to the vending machine address and get back APPCOIN

[Matt Y]

Worth noting is that while crowdfunding is great, and Counterparty is the best platform for it, crowdfunding and IPOs do not drive the value of XCP. Those actions are basically free and XCP is not required for them due to the founders not limiting the ability of bitcoin intentionally in order to force the use of XCP.

Crowdfunding with BTC on Counterparty network has a lot more friction than doing with XCP though. If XCP liquidity is good enough for such IPO, it's better to crowdfund with XCP. XBTC would help mitigating the friction, but requires trusting another party. Thus, crowdfunding does help driving value of XCP.

As led_lcd pointed out, this is not an issue because of Vennd. When I bought into Swarm I sent BTC to an address and received Swarm coins. There was no friction at all. The process was the same as it would have been with XCP or any other currency that someone may choose to accept.

Vennd: http://vennd.io/

[shenjing85]

Worth noting is that while crowdfunding is great, and Counterparty is the best platform for it, crowdfunding and IPOs do not drive the value of XCP. Those actions are basically free and XCP is not required for them due to the founders not limiting the ability of bitcoin intentionally in order to force the use of XCP.

Crowdfunding with BTC on Counterparty network has a lot more friction than doing with XCP though. If XCP liquidity is good enough for such IPO, it's better to crowdfund with XCP. XBTC would help mitigating the friction, but requires trusting another party. Thus, crowdfunding does help driving value of XCP.

Great job dev Team!
your hard work!
 I will keep watching

[Bitcoin++]

Questions.

1) Is the supply of 2,649,243 XCP fixed, ie it can never be increased?
2) When issuing an asset 0.5 XCP is burned. Is this amount hard-coded or can it be reduced/increased at a later point?
3) It seems to me there's a risk of running out of XCP at some point. Are there mechanisms to prevent this from happening?

[Matt Y]

Questions.

1) Is the supply of 2,649,243 XCP fixed, ie it can never be increased?
2) When issuing an asset 0.5 XCP is burned. Is this amount hard-coded or can it be reduced/increased at a later point?
3) It seems to me there's a risk of running out of XCP at some point. Are there mechanisms to prevent this from happening?

1. The supply is fixed
2. This can be changed
3. XCP is slightly deflationary. As XCP are pulled from circulation, the remaining XCP will be worth more. Running out is not an issue as XCP can be divided into as many pieces as are required.

[deliciousowl]

Questions.

1) Is the supply of 2,649,243 XCP fixed, ie it can never be increased?
2) When issuing an asset 0.5 XCP is burned. Is this amount hard-coded or can it be reduced/increased at a later point?
3) It seems to me there's a risk of running out of XCP at some point. Are there mechanisms to prevent this from happening?

1. The supply is fixed
2. This can be changed
3. XCP is slightly deflationary. As XCP are pulled from circulation, the remaining XCP will be worth more. Running out is not an issue as XCP can be divided into as many pieces as are required.

This leads to an obvious price increase. I mean from a rationally point of view, XCP is one of the best cryptocurrency investments possible... It's deflationary, cannot be mined, and uses the Bitcoin network.

And as someone else said, crowdfunding using XCP is much smoother than with BTC. This is also why NICEPLUM is actually funded with XCP.

[Matt Y]

Questions.

1) Is the supply of 2,649,243 XCP fixed, ie it can never be increased?
2) When issuing an asset 0.5 XCP is burned. Is this amount hard-coded or can it be reduced/increased at a later point?
3) It seems to me there's a risk of running out of XCP at some point. Are there mechanisms to prevent this from happening?

1. The supply is fixed
2. This can be changed
3. XCP is slightly deflationary. As XCP are pulled from circulation, the remaining XCP will be worth more. Running out is not an issue as XCP can be divided into as many pieces as are required.

And as someone else said, crowdfunding using XCP is much smoother than with BTC. This is also why NICEPLUM is actually funded with XCP.

Crowdfunding with BTC is exactly the same as crowdfunding with XCP because of Vennd. Vennd also allows for very easy crowdfunding in other currencies besides XCP. While your point held true a month ago, that is no longer the case.

To be clear: Funding a project with BTC is *exactly* the same as funding it with XCP. Neither coin is easier or harder to fund a project with, the process is the same for BTC and XCP through the use of Vennd.

Vennd: http://www.vennd.io/

[deliciousowl]

Crowdfunding with BTC is exactly the same as crowdfunding with XCP because of Vennd. Vennd also allows for very easy crowdfunding in other currencies besides XCP. While your point held true a month ago, that is no longer the case.

To be clear: Funding a project with BTC is *exactly* the same as funding it with XCP. Neither coin is easier or harder to fund a project with, the process is the same for BTC and XCP through the use of Vennd.

Vennd: http://www.vennd.io/

I had not considered Vennd in my reasoning. Although I'm well aware of Vennd, and if the implementation is stable, I'd consider it to be Counterparty's "killer-app".

I mean, cross-blockchain coin vending is the "Bitcoiner's Dream".

[Matt Y]

Crowdfunding with BTC is exactly the same as crowdfunding with XCP because of Vennd. Vennd also allows for very easy crowdfunding in other currencies besides XCP. While your point held true a month ago, that is no longer the case.

To be clear: Funding a project with BTC is *exactly* the same as funding it with XCP. Neither coin is easier or harder to fund a project with, the process is the same for BTC and XCP through the use of Vennd.

Vennd: http://www.vennd.io/

I had not considered Vennd in my reasoning. Although I'm well aware of Vennd, and if the implementation is stable, I'd consider it to be Counterparty's "killer-app".

I mean, cross-blockchain coin vending is the "Bitcoiner's Dream".

It's one of the killer apps on Counterparty that's for sure.

The ability to bet on anything, at anytime, with anyone, with no trusted third party (besides a feed operator) and with no risk of nonpayment is groundbreaking technology with a huge market and it is only available on Counterparty. That is a killer app as well.

[Spratan]

I am starting to see a world with Counterparty businesses everywhere.

[romerun]

Sounds great. How do ipos raise fund with vennd? By sending appcoins to vennd to sell on their behave?

[led_lcd]

Sounds great. How do ipos raise fund with vennd? By sending appcoins to vennd to sell on their behave?

Companies or people with tech skills can install, configure and run Vennd themselves. Vennd is open source in the same spirit as Counterparty and Bitcoin.

For those who want a highly customized solution which is fully hosted using industry best practises, that is a service that can be provided by vennd.io. In this latter scenerio, yes companies would send their appcoins to a preconfigured vending machine to be sold. However the huge differentiation between Vennd and a conventional vending machine is that Vennd does NOT need to control the private key where BTC is being paid. The Bitcoins can be sent directly into an offline wallet, or even a multisig address.

[BldSwtTrs]

Is there a way to see the number of bets which are made on Xbet.io?

[bitcoinrocks]

I'd like to invest in Swarm.  Can I do that from the online wallet?

[IamNotSure]

Is there a way to see the number of bets which are made on Xbet.io?

You should ask in the dedicated thread

https://bitcointalk.org/index.php?topic=645313

[Matt Y]

I'd like to invest in Swarm.  Can I do that from the online wallet?

Yes, you can use Counterwallet or Blockchain.info.

[bitcoinrocks]

I'd like to invest in Swarm.  Can I do that from the online wallet?

Yes, you can use Counterwallet or Blockchain.info.

Has anyone put together info on how to go about that?  I haven't used a decentralized asset exchange before.