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

[poloskarted]

What the tokenly guys doing is amazing..pity not too many seem to know about it

Here's a demo of the workflow
https://www.youtube.com/watch?v=p_WXx_-EklU

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[bitcoin1387]

The situation is already standard or wallet is still down?

[FoldingCoin]

What the tokenly guys doing is amazing..pity not too many seem to know about it

Here's a demo of the workflow
https://www.youtube.com/watch?v=p_WXx_-EklU

I couldnt agree more, its fantastic and i look forward to their progress. We are using their services for this website that we are working on http://shop.foldingcoin.net/

[Matt Y]

A mention on Bloomberg: http://www.bloomberg.com/news/articles/2015-06-25/blythe-masters-s-blockchain-startup-makes-two-acquisitions

[Cornett]

Hello what happened in counterwallet?
please fix the problem

failoverAPI: Call failed (failed over across all servers). Method: get_normalized_balances; Last error: JSON-RPC Error:
Type: Server error

Code: -32000

Message: Got call_jsonrpc_api request error: timed out

There are conversations going on about this in the slack and the skype chat. It appears it has to do with the massive amount of BTC transactions today and the recent BTC update. Possible solution is raising the miner fees, i am just getting back into the office so i am still collecting the information from the day and will share it here

Still have this problem in counterwallet. Transactions are not performed. Is there any solution ?

failoverAPI: Call failed (failed over across all servers). Method: get_chain_txns_status; Last error: JSON-RPC Error:
Type: Server error

Code: -32000

Message: Bad status code returned: '500'. result body: '{"result":null,"error":{"code":-5,"message":"No information available about transaction"},"id":0} '.

[deliciousowl]

New Bitcoin Core Version Release 0.11.0
 
https://bitcoin.org/en/release/v0.11.0

From the change log:

#5286 fcf646c Changed the default maximum OP_RETURN size to 80 bytes

 

[Matt Y]

Cornett,

I liked your avatar so I'm using it.

Thanks!

[Cornett]

Cornett,

I liked your avatar so I'm using it.

Thanks!

No problem, Matt 

[eustress]

New Bitcoin Core Version Release 0.11.0
 
https://bitcoin.org/en/release/v0.11.0

From the change log:

#5286 fcf646c Changed the default maximum OP_RETURN size to 80 bytes

 

This is incredible. Can any of the Counterparty Protocol Developers comment on this great development?

[bitcoinrocks]

New Bitcoin Core Version Release 0.11.0
 
https://bitcoin.org/en/release/v0.11.0

From the change log:

#5286 fcf646c Changed the default maximum OP_RETURN size to 80 bytes

 

This is incredible. Can any of the Counterparty Protocol Developers comment on this great development?

It sounds like a good thing but since Counterparty is functional with 40 bytes, what does the extra space do for us?

[romerun]

more space for ethereum contract ?

[eustress]

more space for ethereum contract ?

New Bitcoin Core Version Release 0.11.0
 
https://bitcoin.org/en/release/v0.11.0

From the change log:

#5286 fcf646c Changed the default maximum OP_RETURN size to 80 bytes

 

This is incredible. Can any of the Counterparty Protocol Developers comment on this great development?

It sounds like a good thing but since Counterparty is functional with 40 bytes, what does the extra space do for us?

https://github.com/CounterpartyXCP/counterparty-lib/issues/690

https://github.com/CounterpartyXCP/counterparty-lib/pull/691

TLDR - if enough people upgrade to Bitcoin Core 0.11.0 and relay the 80-byte OP_RETURN transactions, then most Counterparty transactions will be encoded this way and can consequently be pruned from the UTXO set. The Counterparty Protocol will be doing it's bit to be the best steward of the Bitcoin Network that it can be.

These are a good read - http://blog.coinprism.com/2015/02/11/80-bytes-op-return/ & http://bitzuma.com/posts/op-return-and-the-future-of-bitcoin/

[eustress]

Relevant new thread - https://www.reddit.com/r/Bitcoin/comments/3d0uhg/bitcoin_core_version_0110_released/ct0tjpk

Relevant old thread - https://bitcointalk.org/index.php?topic=395761.msg7478502#msg7478502

[bitcoinrocks]

OK, it sounds like it's not an unexpected change so not "news" per-se.

[poloskarted]

http://blog.coinprism.com/comparison-coinprism-counterparty-mastercoin/

anyone can get in touch with the author of this chart?

Seems like it's still a little misleading with a bias towards colored coins- (as pointed out here for example): http://blog.coinprism.com/comparison-coinprism-counterparty-mastercoin/#comment-2100778494

[Matt Y]

http://blog.coinprism.com/comparison-coinprism-counterparty-mastercoin/

anyone can get in touch with the author of this chart?

Seems like it's still a little misleading with a bias towards colored coins- (as pointed out here for example): http://blog.coinprism.com/comparison-coinprism-counterparty-mastercoin/#comment-2100778494

ColoredCoins made it and is not changing it.

[NorrisK]

I'm happy to have bought some XCP a month or so ago. Following this project with interest now Price seems to be going in the right direction again

[deliciousowl]

Using OP_RETURN encoding is pruneable, and generally a lot less hackish. As eustress said, it's essentially Counterparty/Bitcoin doing their mutual parts to cooperate on a more intuitive level.

[bitcoinrocks]

Using OP_RETURN encoding is pruneable, and generally a lot less hackish. As eustress said, it's essentially Counterparty/Bitcoin doing their mutual parts to cooperate on a more intuitive level.

What does Counterparty use now instead of OP_RETURN?  It sounds like this change won't enable any new functionality (that anyone has proposed yet) but will make for a healthier Bitcoin/Counterparty network.

[poloskarted]

Nice to see Symbionts Mark Smith speaking tomorrow at STN '15 & Digital Currencies + the Blockchain later this month alongside potential future industry bigwigs like Blythe Masters and various other movers and shakers in the scene.

I think CounterParty has long needed a professional business presence far away from the ADHD amateur coin-trader audience of this altcoin section to find it's legs and their position in NYC is strategically ideal IMO..  

https://www.cbinsights.com/research-reports/NY-FinTech-Report.pdf

Using OP_RETURN encoding is pruneable, and generally a lot less hackish. As eustress said, it's essentially Counterparty/Bitcoin doing their mutual parts to cooperate on a more intuitive level.

What does Counterparty use now instead of OP_RETURN?  It sounds like this change won't enable any new functionality (that anyone has proposed yet) but will make for a healthier Bitcoin/Counterparty network.

when not using OP_RETURN, bare multisig is used

http://blog.coinprism.com/comparison-coinprism-counterparty-mastercoin/

anyone can get in touch with the author of this chart?

Seems like it's still a little misleading with a bias towards colored coins- (as pointed out here for example): http://blog.coinprism.com/comparison-coinprism-counterparty-mastercoin/#comment-2100778494

ColoredCoins made it and is not changing it.

That's unfortunate, it's one of the first results shown when googling colored coins vs counterparty and doesn't reflect accurately on the current landscape.