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

[Matt Y]

It's actually disappointing that it only went up as much as it did on volume that's still so low. We'll see what happens in the coming days.

[1714004927]

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[ghosthardware]

https://i.imgur.com/RPHRlK8.png

It’s pretty clear, with the XCP price near all time lows the last few months, that anyone who believes in the Counterparty technology should have been taking advantage of the sale. With a $1.25m seed round from very prominent investors, and a Series A coming in Q3 (estimated), Symbiont has plenty of funding and backing to pursue a variety of Counterparty based projects. The XCP all time high spike was caused by the Medici news, which was far less significant than the recent news regarding Symbiont, and the relationship they have with Counterparty. Granted, that ATH spike was definitely attributed to some FOMO from the simultaneous BTC bubble, we see at least some upward movement from here. We don’t have a target, don’t care to make one, aren’t investment advisers and don’t give investment advice.

By the way, can someone please make a decent charting website for XCP?

Disclaimer: We are long XCP. While everyone was out chasing unicorn dust in alts, we have been accumulating XCP.

For further analysis: http://[Suspicious link removed]/cYyGrU

[ghosthardware]

 if you're a speculative investor who likes to keep a finger on market pulses this could have some connection..

"We're also working on private blockchains and 'known' networks, as we think that might be a better application of the technology for some institutions. The idea with smart securities is that the battery comes included: to create contracts that can act on the blockchain autonomously, from issuance and corporate actions to decentralized secondary trading, clearing, settlement and transfer."
Smith says the early target is illiquid securities and funding activities — including both traditional venture-capital and crowdfunded private-equity transactions, as well as other applications like merchant banking, intercompany funding, and syndicated loans. The firm is already integrated into multiple tier-one banks' development programs and blockchain pilots. Many are focused on smaller use cases that don't already have processing intermediation in place, relying instead on spreadsheets and fax, and at least a few should be implemented by year's end.

https://bitcoinmagazine.com/20836/ubs-bank-experimenting-smart-bonds-using-bitcoin-blockchain/

Smart-bonds are one of the first publicly confirmed technologies the Swiss banking giant is said to be exploring since the launch of The innovation Lab in April to explore how blockchain technologies could improve the banking sector. The creation of the lab came after the publishing of an extensive report about the benefits of the blockchain by the international bank.

When the report was published, UBS Group CIO Oliver Bussmann told the Wall Street Journal, “I believe – and this is my personal view – that blockchain technology will not only change the way we do payments, but it will change the whole trading and settlement topic.”

Or this..?

https://i.imgur.com/osClu9V.png
https://www.reddit.com/r/Bitcoin/comments/2io7pi/new_artificial_intelligence_thegridio_by_exgoogle/cl4m2fg?context=3
https://thegrid.io/team/
http://blockscan.com/assetInfo/THEGRIDTEST

[Praxis]

@ghosthardware , the news article you posted on UBS is impressive! Wow. That could be a game-changer if they're experimenting with XCP? The article doesn't say that but it can certainly be interpreted like that.

As for thegrid.io, I know about it but can't see the relevance to XCP?

Anyway, thanks for the excellent posts! Much appreciated.

[BldSwtTrs]

It's actually disappointing that it only went up as much as it did on volume that's still so low. We'll see what happens in the coming days.

Well, Symbiont faith is not 100% ties to XCP, I heard xnova said that their startup consults about blockchain solutions, not specifically about Counterparty.

[ghosthardware]

@ghosthardware , the news article you posted on UBS is impressive! Wow. That could be a game-changer if they're experimenting with XCP? The article doesn't say that but it can certainly be interpreted like that.

As for thegrid.io, I know about it but can't see the relevance to XCP?

Anyway, thanks for the excellent posts! Much appreciated.

Thegrid accepts bitcoin already for membership. They hand out NFC asset tokens right now for founding members on their paid signups. See screenshot


https://i.imgur.com/G6miI3P.png

With XCP they can issue assets for any member on their platform in conjuction with taking a btc payment for instance (they currently have around 45,000 members)

http://www.crowdfundinsider.com/2014/10/52009-ex-googler-launches-pretail-campaign-a1-grid-web-design-platform-sleeker-alternative-wordpress-dragondrop-wix-ensures-output-elegance/
https://www.linkedin.com/pulse/why-grid-game-changer-eric-haley

Bear in mind this is no official statement or confirmation. Purely a speculative heads up. Anyone could have issued that asset. Just piecing 2+2 together here.

It's actually disappointing that it only went up as much as it did on volume that's still so low. We'll see what happens in the coming days.

Well, Symbiot faith is not 100% ties to XCP, I heard xnova said that their startup consults about blockchain solutions, not specifically about Counterparty.

Right, but the success of symbiont (involving whatever combination of platforms in whatever configuration) grants the ability to leverage a 'greater' vision, one which you might expect the ones architecting said vision to involve their first construction (counterparty) in the final design - CounterParty might be now a brick to symbiont's block but in turn the symbiont block (built with counterparty amongst others) could be imagined as a larger block boosting counterparty to higher floors in the next build.

[Matt Y]

It's actually disappointing that it only went up as much as it did on volume that's still so low. We'll see what happens in the coming days.

Well, Symbiont faith is not 100% ties to XCP, I heard xnova said that their startup consults about blockchain solutions, not specifically about Counterparty.

Not sure where you heard that. Link?

They are building on Counterparty technology and Symbiont using Counterparty while not using XCP is similar to saying BitPay is using the blockchain, but not using bitcoins.

[gumcruise]

It's actually disappointing that it only went up as much as it did on volume that's still so low. We'll see what happens in the coming days.

Well, Symbiont faith is not 100% ties to XCP, I heard xnova said that their startup consults about blockchain solutions, not specifically about Counterparty.

Do people honestly believe this? That a business based on Counterparty, which only exists because of Counterparty, involving all the developers from Counterparty, openly invests in the development of Counterparty with its own new developers, will not use XCP... the only smart contracts on the Bitcoin blockchain and indeed first working platform in the world?

Is that a joke

[bitcoinrocks]

I think he was just using XCP as a synonym for Counterparty.  Has that been posted/published elsewhere?

I'm not clear on the Grid NFC token.  What is it from a user's perspective?

[BldSwtTrs]

It's actually disappointing that it only went up as much as it did on volume that's still so low. We'll see what happens in the coming days.

Well, Symbiont faith is not 100% ties to XCP, I heard xnova said that their startup consults about blockchain solutions, not specifically about Counterparty.

Not sure where you heard that. Link?

They are building on Counterparty technology and Symbiont using Counterparty while not using XCP is similar to saying BitPay is using the blockchain, but not using bitcoins.

https://www.youtube.com/watch?v=FUZJ0QRjVUI#

It starts at 56:40.
He said private blockchains have merits, Symbiont take a pragmatic approach and is about helping clients to fullfil their needs. By default they use BTC/XCP but he admits that it might not always be the most appropriate solution for their clients, so they will adapt.

I think what he said and what Symbiont plan to do is smart, but that means their business model is not ties to the success of Counterparty.

[bitcoinrocks]

I still think we're confusing terms.  It sounds like some people are concerned that Symbiont won't be using Counterparty exclusively and others are concerned that Symbiont will be using Counterparty without XCP.  I believe the former is true and that's fine.  We already know they're using Ripple for sure.  I think the odds that Symbiont would use Counterparty without XCP are zero.  They're the original Counterparty devs so they obviously believe in the utility of the currency unit.

[qqqq]

Hello guys. Do you have a problem with web wallet of counterparty ? I mean blockchain and blockscan shows that all is ok but wallet stoped with Txs on 7 jule as i can see in the history page. So it seems to be freezing or something. No FLDC from 7 june - 14 june was given.

[BldSwtTrs]

I still think we're confusing terms.  It sounds like some people are concerned that Symbiont won't be using Counterparty exclusively and others are concerned that Symbiont will be using Counterparty without XCP.  I believe the former is true and that's fine.  We already know they're using Ripple for sure.  I think the odds that Symbiont would use Counterparty without XCP are zero.  They're the original Counterparty devs so they obviously believe in the utility of the currency unit.

Symbiont can :
- consult about using Counterparty without leveraging XCP
- consult about using blockchains other than the Bitcoin blockchain

These are facts, not opinions. Symbiont is here to make money, this is its responsability to its shareholders, and it will not hinder that goal by ideologically limiting its options.

It's like Coinbase, Coinbase doesn't care if an altcoin dethrone BTC because it still will be able to monetize its client base.
Valuation of startups like Coinbase and Symbiont are only partially related to the valuation of one specific protocol.

[bhokor]

There are some stimated release date for symbiont?

[jbah01]

There are some stimated release date for symbiont?

Think the press release said something about launching the first assets in about a month.

[Praxis]

There are some stimated release date for symbiont?

Think the press release said something about launching the first assets in about a month.

That sounds like way too early. I'm surprised. Do you have a source?

[Praxis]

but wallet stoped with Txs on 7 jule as i can see in the history page. So it seems to be freezing or something. No FLDC from 7 june - 14 june was given.

Does the web wallet function properly? Did you try sending or receiving?

[qqqq]

but wallet stoped with Txs on 7 jule as i can see in the history page. So it seems to be freezing or something. No FLDC from 7 june - 14 june was given.

Does the web wallet function properly? Did you try sending or receiving?

No, i'am not sending or receiving anything. It seems like not updating the balances and Tx's of given FLDC (According blockscan it's ok). But it allows to place orders and show properly the xcp balance when i bought that one. So i'm confused. Maybe it's because of some problems with distribution of FLDC last time or a bug in the wallet or both.

[gumcruise]

From the official Symbiont press release:

Symbiont.io is a FinTech company focused on fostering the symbiotic relationship between traditional financial markets and cryptographic blockchain technology. Its efforts will be centered on the creation of SMART SECURITIES™: self-executing digital contracts that are stored on a global, shared database called a "blockchain," which no one party controls.

Robby Dermody, co-founder of Counterparty and President of symbiont.io, added: "Since we founded Counterparty over a year ago, our focus has consistently been on the creation and positioning of this technology as a solution for structural issues in the larger financial markets. Symbiont is the next step in achieving that goal."

Source: http://www.prnewswire.com/news-releases/founders-of-bitcoin-20-project-counterparty-team-up-with-mathmoney-fx-to-make-markets-smarter-300047977.html

You CANNOT use self-executing digital contracts without XCP!

XCP is the fuel for smart contracts. When smart contracts are running, fuel is used for each execution step. Appropriately enough, this fuel is burned (destroyed). This means that the supply of XCP is continously decreasing. However, the cost of fuel adjusts proportionally as the supply of XCP goes down, so that it cannot reach 0.

Source: http://counterparty.io/docs/faq/#why-does-xcp-have-value

Can't be any clearer than this.

Bonus:

With the Ripple Gateway implementation, Counterparty users will now be able to transfer their funds in real-time with minimal transaction fees.

Symbiont connects XCP to Ripple to enable (almost) instant transactions. Why is this not bigger news? 

http://www.prnewswire.com/news-releases/symbiont-creates-ripple-gateway-for-counterparty-xcp-300058719.html

[BldSwtTrs]

You CANNOT use self-executing digital contracts without XCP!

Yes you can if the smart contrat is not on the Bitcoin blockchain.