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

[deliciousowl]

Here are some (slightly) technical questions from Reddit, answered by core dev PhantomPhreak. I've heard a few of these in person too, so I tried to put them in a more 'readable' format for future use:

http://coinedtalk.com/xcp-core-developer-talks-tech/
http://www.reddit.com/r/counterparty_xcp/comments/2w6nbs/technical_knowledge/

[sphericon]

I'm getting an error trying to login to Counterwallet. I tried all three servers that I know about (cw01-03) but they all gave the same result which was:

"No counterparty servers are currently available. Please try again later. ERROR: The server is not fully caught up to the blockchain. Please logout and try later. (Most likely this message is due to the server being updated.)"

Devs are looking into it. Should be resolved shortly....

This may be the issue...

Code:

GET https://counterwallet.io/js/sprintf.min.map; 404 (Not Found)

[pankogulo]

I'm getting an error trying to login to Counterwallet. I tried all three servers that I know about (cw01-03) but they all gave the same result which was:

"No counterparty servers are currently available. Please try again later. ERROR: The server is not fully caught up to the blockchain. Please logout and try later. (Most likely this message is due to the server being updated.)"

Devs are looking into it. Should be resolved shortly....

Counterwallet is live.

[xnova]

I'm getting an error trying to login to Counterwallet. I tried all three servers that I know about (cw01-03) but they all gave the same result which was:

"No counterparty servers are currently available. Please try again later. ERROR: The server is not fully caught up to the blockchain. Please logout and try later. (Most likely this message is due to the server being updated.)"

Devs are looking into it. Should be resolved shortly....

Counterwallet is live.

And updated to the latest major updates. There appears to be a good speed boost (at least for me).

[qqqq]

When this issue will be fixed cause Poloniex has no ETA for fixing FLDC deposits ? They said it's on Counterparty side.

[PhantomPhreak]

When this issue will be fixed cause Poloniex has no ETA for fixing FLDC deposits ? They said it's on Counterparty side.

I'm working with him now to resolve the technical issues.

[alicea]

Counterparty is a really good thing, anyway it doesn't work as it should... I'd prefer more simple and less innovative, but working fine. Anyway less scamming should be, too.

[nutildah]

I just successfully moved both SJCX and XCP out of Poloniex, just in case if you're wondering if that's working now. It was for me anyway.

[qqqq]

FLDC deposit on Poloniex is ok now. Thanks.

[Evil-Knievel]

This message was too old and has been purged

[pankogulo]

New Counterparty update is live on the site: XCP Available on Bittrex, Technical Q&A, New Product Developments http://counterparty.io/news/counterparty-update-feb-20/

[yampi]

Looks like counterparty has a problem getting normalized balances of compressed addresses.

Uncompressed address:

Code:

{
  "jsonrpc":"2.0",
  "id":0,
  "method":"get_normalized_balances",
  "params":{
    "addresses":[
      "16P8vY1gVspGG8JeeWK8MSYzX4B9yqcJbF"
    ]
  }
}

Gives response:

Code:

{
    "jsonrpc": "2.0",
    "result": [],
    "id": 0
}

Compressed:

Code:

{
  "jsonrpc":"2.0",
  "id":0,
  "method":"get_normalized_balances",
  "params":{
    "addresses":[
      "12ze3N3Qeet6ji82rw8JqaepTL9uUxihFX"
    ]
  }
}

Gives response:

Code:

{
    "jsonrpc": "2.0",
    "id": 0,
    "error": {
        "message": "Invalid params",
        "code": -32602
    }
}

[PhantomPhreak]

Looks like counterparty has a problem getting normalized balances of compressed addresses.

Uncompressed address:

Code:

{
  "jsonrpc":"2.0",
  "id":0,
  "method":"get_normalized_balances",
  "params":{
    "addresses":[
      "16P8vY1gVspGG8JeeWK8MSYzX4B9yqcJbF"
    ]
  }
}

Gives response:

Code:

{
    "jsonrpc": "2.0",
    "result": [],
    "id": 0
}

Compressed:

Code:

{
  "jsonrpc":"2.0",
  "id":0,
  "method":"get_normalized_balances",
  "params":{
    "addresses":[
      "12ze3N3Qeet6ji82rw8JqaepTL9uUxihFX"
    ]
  }
}

Gives response:

Code:

{
    "jsonrpc": "2.0",
    "id": 0,
    "error": {
        "message": "Invalid params",
        "code": -32602
    }
}

Looking into it. See https://github.com/CounterpartyXCP/counterpartyd/issues/720

[BitThink]

Bter is online again. Preparing for CNY, USD, NXT withdrawing now. For those who have XCP there,  it is better to keep a close eye on it to see when could xcp be withdrawn. Good luck.

[Anotheranonlol]

Bter is online again. Preparing for CNY, USD, NXT withdrawing now. For those who have XCP there,  it is better to keep a close eye on it to see when could xcp be withdrawn. Good luck.

XCP will be one of the next ones to be enabled for withdrawals, according to support

[delulo]

I have invested in Counterparty (quite a bit!). Here is the issue I have with Counterparty's investor relations policy:

If I don't know what your long term vision is, what your position is on various challenges blockchain technology faces (securing a public ledger in an effective and efficient way at scale (POW is not made to do that), counterparty free pegged assets) and what your perspective is on various technologies (proof of stake, proof of work, delegates proof of stake, market pegged assets)) then I don't know whether XCP is a good long term investment. I want to be a loyal long term investor but need some visionary basis regarding the technological challenges (besides the things you do very well: forming alliances, professional daily PR management).

This is not a request to get 10 visionary articles next week regarding your perspective where blockchain and decentralized exchange technology will go in the next 5 years but it is a polite request for the above in general!

[amesterdamer]

Versus

[weex]

Looks like they operate trains in Portugal. I don't think there'll be much confusion there.

[deliciousowl]

I have invested in Counterparty (quite a bit!). Here is the issue I have with Counterparty's investor relations policy:

If I don't know what your long term vision is, what your position is on various challenges blockchain technology faces (securing a public ledger in an effective and efficient way at scale (POW is not made to do that), counterparty free pegged assets) and what your perspective is on various technologies (proof of stake, proof of work, delegates proof of stake, market pegged assets)) then I don't know whether XCP is a good long term investment. I want to be a loyal long term investor but need some visionary basis regarding the technological challenges (besides the things you do very well: forming alliances, professional daily PR management).

This is not a request to get 10 visionary articles next week regarding your perspective where blockchain and decentralized exchange technology will go in the next 5 years but it is a polite request for the above in general!

Isn't that entirely up to Bitcoin miners and core developers? POW, POS, DPOS... thats for the Bitcoin network to decide. Counterparty can adapt if necessary.

Pegged assets are possible using smart contracts/shellingcoin/etc...

And its difficult to predict the future of Bitcoin in the next 5 weeks let alone years.

[delulo]

I have invested in Counterparty (quite a bit!). Here is the issue I have with Counterparty's investor relations policy:

If I don't know what your long term vision is, what your position is on various challenges blockchain technology faces (securing a public ledger in an effective and efficient way at scale (POW is not made to do that), counterparty free pegged assets) and what your perspective is on various technologies (proof of stake, proof of work, delegates proof of stake, market pegged assets)) then I don't know whether XCP is a good long term investment. I want to be a loyal long term investor but need some visionary basis regarding the technological challenges (besides the things you do very well: forming alliances, professional daily PR management).

This is not a request to get 10 visionary articles next week regarding your perspective where blockchain and decentralized exchange technology will go in the next 5 years but it is a polite request for the above in general!

Isn't that entirely up to Bitcoin miners and core developers? POW, POS, DPOS... thats for the Bitcoin network to decide. Counterparty can adapt if necessary.

Pegged assets are possible using smart contracts/shellingcoin/etc...

And its difficult to predict the future of Bitcoin in the next 5 weeks let alone years.

Isn't that entirely up to Bitcoin miners and core developers? POW, POS, DPOS... thats for the Bitcoin network to decide. Counterparty can adapt if necessary.

Miners would never kill their revenue stream and change to something that does not involve mining.
Bitcoin devs do not seem to include economic realities into their judgement but perceive themselves as the guards of satoshis vision (in a very narrow non future/scale proof way).

Pegged assets are possible using smart contracts/shellingcoin/etc...

I doubt that someone would make that effort without being compensated. So the counterparty team would have to take it upon themselves. There are many ways to achieve stable counterparty free assets (vitalik's schellingcoin, bitshares' bitassets etc). I'd just like to know what vision the counterparty team has here.

And its difficult to predict the future of Bitcoin in the next 5 weeks let alone years.

That is mainly because the future (price) involves a lot of market irrationality. What any tech entrepreneur can do is to lay down how he/she thinks what the market's demand is, what the fundamental economic and technical building blocks are he/she wants to put together to meet that demand. Then if the market is rational in the way proposed by the tech entrepreneur then market forces should drive up the value of his/her project.