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Matt Y
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October 18, 2014, 07:26:44 PM
Last edit: October 18, 2014, 07:37:00 PM by Matt Y |
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I understand most of the concept and decentralized counterparty seems something amazing. Its just that i dont quiet yet understand why there is the need for XCP in it? Why has XCP value? I mean, why not ask 0.5 BTC instead of XCP for creating assets. Iam not trying to hate, just trying to understand this part before investing  The main value of XCP is its ability to be escrowed for binary bets and CFDs. No other currency is escrowable in this way within the Counterparty ecosystem and this makes XCP very unique. Additional value/functionality comes from what will likely be a much smoother and less expensive trading experience on Counterparty's decentralized exchange, which will be important as various decentralized asset listing services pop up all over the place, assuming those services (read: Medici and now Vennd) get traction. |
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Fernandez
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Activity: 1008
Merit: 1000
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October 19, 2014, 02:13:35 AM |
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You would freak, then you would despair, then you would promise yourself to recover what you lost. I'm in the third phase.  And I'm not rich but I've got 5000 XCP left. Imagine if you sold all before the Overstock announcement, you would've less in Bitcoin value than you have now. So theres something to cheer. Saying that, I would've gone insane. Rich is a matter of perspective, I would've been delighted if I had 5000 XCP. |
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romerun
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Activity: 1078
Merit: 1001
Bitcoin is new, makes sense to hodl.
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October 19, 2014, 02:14:33 AM |
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why not ask 0.5 BTC instead of XCP for creating assets?
Asking for BTC means someone will get the funds which complicates matters by taking it from a pure protocol to a business which would muddle the trust involved. Burning 0.5 XCP for asset issuance is similar to burning about 0.005 btc except that without intervention the fee will scale with the value of XCP and the platform to make new assets more expensive. At some point the fee would probably be lowered by a vote of XCP holders to keep it reasonable. It also opens door to refund some of those 0.5 in the future when xcp price is sky high and the community make some decentralized voting. |
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GSI_Kristjan
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Activity: 41
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October 19, 2014, 07:19:57 AM |
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why not ask 0.5 BTC instead of XCP for creating assets?
Asking for BTC means someone will get the funds which complicates matters by taking it from a pure protocol to a business which would muddle the trust involved. Burning 0.5 XCP for asset issuance is similar to burning about 0.005 btc except that without intervention the fee will scale with the value of XCP and the platform to make new assets more expensive. At some point the fee would probably be lowered by a vote of XCP holders to keep it reasonable. Wasn't me who asked this, but OK- I forgive you. |
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bitwhizz
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Activity: 910
Merit: 1000
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October 19, 2014, 03:08:22 PM |
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Will medici (which Overstock is building) have an IPO?
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canth
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Activity: 1442
Merit: 1001
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October 19, 2014, 08:47:34 PM |
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Will medici (which Overstock is building) have an IPO?
If Medici does have an IPO, I imagine it'll need to be done with the blessing of the SEC. Patrick Byrne is a rebel but he's said that he's building a platform with the intent of maintaining regulatory approval. To me, that means requiring KYC since the SEC is sticky about that sort of thing. Still interested in a Medici IPO? |
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fox19891989
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October 20, 2014, 05:00:06 AM |
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XCP to da moon! |
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bassclef
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October 20, 2014, 06:07:59 AM |
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XCP has been on a steady uptrend over the past couple of weeks. Nice to see, looks like this one is definitely a holder.
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Fernandez
Legendary
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Activity: 1008
Merit: 1000
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October 20, 2014, 06:24:10 AM |
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XCP has been on a steady uptrend over the past couple of weeks. Nice to see, looks like this one is definitely a holder.
The supply is low which helps. Was just checking today, almost 15x return over the average burn price. |
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Equality 7-2521
Member
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Activity: 118
Merit: 10
A difference which makes a difference
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October 20, 2014, 09:08:02 AM |
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XCP has been on a steady uptrend over the past couple of weeks. Nice to see, looks like this one is definitely a holder.
The supply is low which helps. Was just checking today, almost 15x return over the average burn price. The supply is indeed low. It would be silly to sell XCP now when Medici is just around the corner. |
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fox19891989
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October 20, 2014, 09:11:32 AM |
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XCP has been on a steady uptrend over the past couple of weeks. Nice to see, looks like this one is definitely a holder.
The supply is low which helps. Was just checking today, almost 15x return over the average burn price. The supply is indeed low. It would be silly to sell XCP now when Medici is just around the corner. Market cap is ranked 8th, top 5 is incoming |
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IamNotSure
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October 20, 2014, 09:31:33 AM |
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XCP has been on a steady uptrend over the past couple of weeks. Nice to see, looks like this one is definitely a holder.
The supply is low which helps. Was just checking today, almost 15x return over the average burn price. The supply is indeed low. It would be silly to sell XCP now when Medici is just around the corner. It is never silly to sell when you have made 1500% return You can't predict the future, even if it looks bright for XCP |
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allwelder
Legendary
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Activity: 1512
Merit: 1004
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October 20, 2014, 09:34:11 AM |
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Domain name for sale:
CounterpartyWallet.com
Any interest,PM me.
Thanks.
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Equality 7-2521
Member
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Activity: 118
Merit: 10
A difference which makes a difference
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October 20, 2014, 10:25:24 AM |
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XCP has been on a steady uptrend over the past couple of weeks. Nice to see, looks like this one is definitely a holder.
The supply is low which helps. Was just checking today, almost 15x return over the average burn price. The supply is indeed low. It would be silly to sell XCP now when Medici is just around the corner. It is never silly to sell when you have made 1500% return You can't predict the future, even if it looks bright for XCP Fair enough, but the project is not even 1 year old. Investing for only a few weeks/months doesn't make sense. The value of XCP in the next few years could be significant. HODL! =D |
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lonsharim
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October 20, 2014, 11:53:47 AM |
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XCP has been on a steady uptrend over the past couple of weeks. Nice to see, looks like this one is definitely a holder.
The supply is low which helps. Was just checking today, almost 15x return over the average burn price. The supply is indeed low. It would be silly to sell XCP now when Medici is just around the corner. Are there any proposed timelines on when Medici is expected to be operational? |
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sharky101
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Activity: 108
Merit: 10
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October 20, 2014, 11:56:42 AM |
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XCP has been on a steady uptrend over the past couple of weeks. Nice to see, looks like this one is definitely a holder.
The supply is low which helps. Was just checking today, almost 15x return over the average burn price. The supply is indeed low. It would be silly to sell XCP now when Medici is just around the corner. It is never silly to sell when you have made 1500% return You can't predict the future, even if it looks bright for XCP Fair enough, but the project is not even 1 year old. Investing for only a few weeks/months doesn't make sense. The value of XCP in the next few years could be significant. HODL! =D And buy. |
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deliciousowl
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October 20, 2014, 01:58:42 PM |
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Think about it, 1500% within less than a year and it's not even mainstream.  |
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Matt Y
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October 20, 2014, 02:25:06 PM |
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XCP has been on a steady uptrend over the past couple of weeks. Nice to see, looks like this one is definitely a holder.
The supply is low which helps. Was just checking today, almost 15x return over the average burn price. The supply is indeed low. It would be silly to sell XCP now when Medici is just around the corner. Are there any proposed timelines on when Medici is expected to be operational? Patrick said three months for software and hopefully six months for regulatory work. |
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Equality 7-2521
Member
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Activity: 118
Merit: 10
A difference which makes a difference
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October 20, 2014, 02:48:15 PM
Last edit: October 20, 2014, 04:12:26 PM by Equality 7-2521 |
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Think about it, 1500% within less than a year and it's not even mainstream. Amazing. And... [1] The growth has been quite slow and steady throughout that time. [2] XCP is a deflating asset. [3] Very little trading volume is required to maintain the price. [4] XCP will inevitably be listed on serious exchanges, as this integration work opens them up to all the other Counterparty assets. [5] The same argument could be made for wallets like Blockchain.info eventually supporting the Counterparty Protocol. [6] Strong hands investors - something like 46%* of the burned XCP have not moved from their burn addresses. *1243577(46.93% XCP) of the originally burned coins have not been moved. Statistics Time:2014-09-23 |
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romerun
Legendary
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Activity: 1078
Merit: 1001
Bitcoin is new, makes sense to hodl.
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October 20, 2014, 03:24:23 PM |
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Moving from burning address could mean wallet reorganization, still 40% is unbelievable.
if blockchain or blockr can link from bitcoin addresses to blockscan that would be a huge approve fron the commcommunity. Maybe we should reach out to them.
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