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

[poloskarted]

Further financial backing announced for Symbiont.

http://www.thestreet.com/story/13221075/1/atlantic-merchant-capital-makes-investment-in-fintech-startup-symbiont.html

I thought smart contracts and Ethereum scripting compatibility were separate features that could exist independently of each other.  No?

Technically yes, but you need a language to script said contracts in. Serpent is a fine match and compatibility makes total sense (for both projects, actually)

[eustress]

http://www.octafinance.com/symbiont-io-1-24-million-financing-robert-odell-released-jul-14-sec-filing/

[deliciousowl]

http://www.thestreet.com/story/13221075/1/atlantic-merchant-capital-makes-investment-in-fintech-startup-symbiont.html

http://www.octafinance.com/symbiont-io-1-24-million-financing-robert-odell-released-jul-14-sec-filing/

Those are some downright insane statements of confidence!!! Something is surely brewing...

[eustress]

http://www.thestreet.com/story/13221075/1/atlantic-merchant-capital-makes-investment-in-fintech-startup-symbiont.html

http://www.octafinance.com/symbiont-io-1-24-million-financing-robert-odell-released-jul-14-sec-filing/

Those are some downright insane statements of confidence!!! Something is surely brewing...

Indeed, the plan seems to be resonating significantly with those close to the applications of the technology.

[poloskarted]

There's a few blockchain startups amongst at Level39 London showcasing to UBS bank CIO recently, one company building a little ecosystem based around ripple is called tidal payments - https://dimes.io/ &  http://gateway.tools/ are two products they were working on alongside a smart wallet/exchange

not strictly related but Since gatewayd's deprecation (https://ripple.com/dev-blog/gatewayd-no-longer-available/) latter gateway tools might be useful for Symbiont's ripple -> counterparty bridges (if they are even still a thing anymore?)

Also http://www.coinsilium.com/ https://bnktothefuture.com/ are opportunities for raising additional capital if required. Factom took in 1 million $ in a couple of days with bnktothefuture. Coinsillium plans to open up on AIM

Coinsilium is a small scale company based in the financial technology hub of London and invests in the blockchain focused companies. The world’s first blockchain IPO is scheduled to take place within the next one month and the company will be listed under the ticker: COIN.

The group invests in companies which provide blockchain-based services such as wallets, payment gateways, exchanges, security solutions, financial services, and applications. The company’s portfolio boasts of promising fintech startups such as Hive, SatoshiPay, CoinSimple, btc.sx, factom, The Real Asset Co, and many others. For the complete list of projects that the group has vested interests in, click here.

Fund Raising Expectations

Through its initial public offering, Coinsilium is expecting to raise at least £3 million which will be utilized in future investments and expanding the stake in the already invested 11 companies.

Could be an opportunity for the team to get some presence in European fintech scene.

http://www.octafinance.com/symbiont-io-1-24-million-financing-robert-odell-released-jul-14-sec-filing/

Those are some downright insane statements of confidence!!! Something is surely brewing...
[/quote]

Indeed, the plan seems to be resonating significantly with those close to the applications of the technology.
[/quote]

For sure. Blockchain/Smart contracting is hot right now. Just take a look at some of the big financial institutions working, or considering working on blockchain/smart contract pilots:

CBW Bank
ANZ
Westpac
Commonwealth Bank of Australia
BNY MELLON
LHV Bank
Barclays
UBS
Goldman Sachs
ABN Amro
ING
RoboBank
SWIFT
Santander
Standard chartered
DBS
USAA
BBVA
KPMG
InfoSys Finacle
CitiBank
DTCC
Deutsche Borse
Markit
EuroCCP
CME

http://m.efinancialnews.com/story/2015-07-20/big-players-join-blockchain-gang-cme-deutsche-borse-markit-euroccp

^ the last 5, huge groups (DTCC alone handles the clearing of nearly $2 QUADrillion per annum!) just announced their interest in blockchain tech today

A single one of those entities incubating CounterParty Blockchain technology (even for something as simple as provenance) could really let it's true potential shine, whilst reaping enormous benefits for the applicator first to market

[deliciousowl]

For sure. Blockchain/Smart contracting is hot right now. Just take a look at some of the big financial institutions working, or considering working on blockchain/smart contract pilots:

CBW Bank
ANZ
Westpac
Commonwealth Bank of Australia
BNY MELLON
LHV Bank
Barclays
UBS
Goldman Sachs
ABN Amro
ING
RoboBank
SWIFT
Santander
Standard chartered
DBS
USAA
BBVA
KPMG
InfoSys Finacle
CitiBank
DTCC
Deutsche Borse
Markit
EuroCCP
CME

Also NASDAQ, NYSE, etc. There's so many more.

I think the only thing holding Counterparty back is the lack of a truly significant overlap between the financial sector and solid programming knowledge. Those that understand both the economic implications of Counterparty, and have an adequate grasp of Python and Bitcoin technology to know how it works... have a huge advantage right now. If Counterparty is given a chance to demonstrate its potential in this sector, then the benefits will be plainly evident to anyone. At this point the programming knowledge won't be necessary to be convinced.

The idea of 'magic code voodoo' and getting your opinions from cryptocurrency news sites and message boards massively sways price up and down. In fact, many statisticians have argued that volatility is caused by the media and not economics. Consider that the Overstock news prompted a huge rush, while the current Symbiont developments are far more impressive and as far as I can tell, had barely any effect. I believe eventually it will be possible to pinpoint the exact time everything 'clicks' and perspectives change.

Bitcoin has all the markings of a potential black swan event: (https://en.wikipedia.org/wiki/Black_swan_theory)

• Anti-fragility
• Decentralization
• Infinite growth potential
• High-profile
• All occurrences in the system so far are justified in hindsight as being fully explained

Slowly people realize that the Bitcoin blockchain is the only real option, and that Counterparty offers the most advanced way to use its features. I hope people will be inspired to contribute to the open source code of Counterparty and Counterwallet, because this technology has the potential to reach millions of individuals without access to banks or the financial system.

I would like to also draw attention to a project which will be compatible with Counterparty:

BitSIM aims to make Bitcoin and Counterparty accessible from any mobile phone (even non-smart phones!). http://www.bitsim.co/

If you're somehow not convinced, consider that even Bill Gates invested $100,000 in Bitcoin mobile technology:

https://bitsoko.co.ke/

https://leveloneproject.org/about-us/announcements/

[Cornett]

Atlantic Merchant Capital and Celeridem Capital invest in Fintech startup Symbiont

http://www.prnewswire.com/news-releases/atlantic-merchant-capital-makes-investment-in-fintech-startup-symbiont-300114353.html

[Matt Y]

Consider that the Overstock news prompted a huge rush, while the current Symbiont developments are far more impressive and as far as I can tell, had barely any effect. I believe eventually it will be possible to pinpoint the exact time everything 'clicks' and perspectives change.

Yeah, pretty ridiculous. An online retailer gets in and there is a 4x jump. Some of the biggest people on wall street get in, nobody cares. There will be a massive jump at some point, but it could be a while. Maybe at the next funding round for Symbiont, maybe smart contracts, maybe when Symbiont opens its doors for business. What a crazy world we live in.

[mcdoom432]

Whats up with the counterparty wallet at  counterwallet.io?
I get a error.

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

Code: -32000

Message: Bad status code returned: '503'. result body: '{"message": "Server error", "code": -32000, "data": "Counterparty database is behind backend."}'.

[gumcruise]

Consider that the Overstock news prompted a huge rush, while the current Symbiont developments are far more impressive and as far as I can tell, had barely any effect. I believe eventually it will be possible to pinpoint the exact time everything 'clicks' and perspectives change.

Yeah, pretty ridiculous. An online retailer gets in and there is a 4x jump. Some of the biggest people on wall street get in, nobody cares. There will be a massive jump at some point, but it could be a while. Maybe at the next funding round for Symbiont, maybe smart contracts, maybe when Symbiont opens its doors for business. What a crazy world we live in.

This feels like Franz Kafka "The Castle"...

And looks like XCP will be able to finish smart contracts on mainnet soon, the first milestone of Ethereum is almost released.

[Matt Y]

This feels like Franz Kafka "The Castle"...

Read the wiki on this, seems super interesting. Too bad it was never finished. That said, I couldn't even finish 1984 as it was too depressing.

[delulo]

Consider that the Overstock news prompted a huge rush, while the current Symbiont developments are far more impressive and as far as I can tell, had barely any effect. I believe eventually it will be possible to pinpoint the exact time everything 'clicks' and perspectives change.

Yeah, pretty ridiculous. An online retailer gets in and there is a 4x jump. Some of the biggest people on wall street get in, nobody cares. There will be a massive jump at some point, but it could be a while. Maybe at the next funding round for Symbiont, maybe smart contracts, maybe when Symbiont opens its doors for business. What a crazy world we live in.

It will rise as soon as it becomes clear that these outstanding business development achievements result in a product that requires xcp in order to be usable. That has never been made cristal clear but I don't blame the counterparty devs for it. There is some strategy behind it... But still it would be nice to see more clarity here...

[poloskarted]

Just posting some of the open source Counterparty-related projects I've seen on GitHub.

Counterparty Tokens Availability Checker (via wordlist.txt)
https://github.com/makevoid/counterparty_token_checker

Online tools developed to work with Counterparty transactions. Create, sign, and broadcast multisignature transactions with Counterparty Assets or bitcoins. Operates with Mainnet and Testnet.
https://github.com/amilabs/counterparty-tools/
http://cp-tools.amilabs.co/

 Walletgenie : A modular CLI frontend to bitcoin, counterparty and digitial currency daemons
https://github.com/iswt/walletgenie

A ruby gem for communicating with a Counterparty (Bitcoin / XCP) API server
https://github.com/brighton36/counterparty_ruby

Javascript Library for Counterparty (counterparty.io)
https://github.com/loon3/xcp-tools-js

Gateway/vending machine prototype script for the Counterparty protocol
https://github.com/tokenly/xcp-gateway

A Counterparty and Bitcoin based auction machine
https://github.com/tokenly/auction-machine

A client library for the counterparty API
https://github.com/tokenly/xcpd-client

A Counterparty Transaction Parser component for Tokenly.
https://github.com/tokenly/counterparty-transaction-parser

A Counterparty transaction sender
https://github.com/tokenly/counterparty-sender

Counterparty Transaction Watcher
https://github.com/iswt/PartyChain

[bitcoinrocks]

Very cool.  Do any of those allow me to send XCP without running a full bitcoin node?

[Matt Y]

Consider that the Overstock news prompted a huge rush, while the current Symbiont developments are far more impressive and as far as I can tell, had barely any effect. I believe eventually it will be possible to pinpoint the exact time everything 'clicks' and perspectives change.

Yeah, pretty ridiculous. An online retailer gets in and there is a 4x jump. Some of the biggest people on wall street get in, nobody cares. There will be a massive jump at some point, but it could be a while. Maybe at the next funding round for Symbiont, maybe smart contracts, maybe when Symbiont opens its doors for business. What a crazy world we live in.

It will rise as soon as it becomes clear that these outstanding business development achievements result in a product that requires xcp in order to be usable. That has never been made cristal clear but I don't blame the counterparty devs for it. There is some strategy behind it... But still it would be nice to see more clarity here...

I agree. I guess the leap for me is that these big names would invest in the Counterparty founding team, whose expertise is, Counterparty, and then not use it. Additionally, with a bit of research I think it becomes apparent that XCP is needed to make the whole process work.

[jrmg]

Consider that the Overstock news prompted a huge rush, while the current Symbiont developments are far more impressive and as far as I can tell, had barely any effect. I believe eventually it will be possible to pinpoint the exact time everything 'clicks' and perspectives change.

Yeah, pretty ridiculous. An online retailer gets in and there is a 4x jump. Some of the biggest people on wall street get in, nobody cares. There will be a massive jump at some point, but it could be a while. Maybe at the next funding round for Symbiont, maybe smart contracts, maybe when Symbiont opens its doors for business. What a crazy world we live in.

It will rise as soon as it becomes clear that these outstanding business development achievements result in a product that requires xcp in order to be usable. That has never been made cristal clear but I don't blame the counterparty devs for it. There is some strategy behind it... But still it would be nice to see more clarity here...

If XCP become someday expensive, anyone can't say it was not fair for everyone. There have been two(?) change to buy with burning price and really long with small money. Also big moneys don't have choose price. They only blame and told it was altcoin, unfair launch etc.

I read yesterday this reddit post and and I even can't understand much of it, but still all their problems what I can find, I think are already solved with Counterparty

https://www.reddit.com/r/Bitcoin/comments/3e8a4v/jeff_g_throwing_the_hammer_down_today_on_devlist/

[Matt Y]

Symbiont mentioned: http://www.bloomberg.com/news/articles/2015-07-23/nasdaq-expects-to-be-first-exchange-to-use-bitcoin-technology

Currently #1 on Reddit https://www.reddit.com/r/Bitcoin/comments/3ebwtk/nasdaq_expects_to_be_first_exchange_using_bitcoin/

[CounterpartyRippler]

Very cool.  Do any of those allow me to send XCP without running a full bitcoin node?

Some like XCP Wallet (extension) for Chrome work entirely out of the browser.

[Galangeka]

Getting mining on board seems like the next
step in the future of cryptocoins

[iqlimasyadiqa]

Getting mining on board seems like the next
step in the future of cryptocoins

are you kidding me sir ?
this is coin asset , not mining and never
just Buy , Hold then Sell when the value increase from when you buy