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

[cityglut]

Counterparty Announcement

...
We are looking for community contributions of testing, bug reports, patches, and companion software (e.g. built around counterpartyd). We are also asking for donations of BTC and XCP to 12J1YFvsWHDCU5HNAWNLNy1Q9nZo8Q4Xgs, which funds will be used to issue bounties for the development of the project.

Sorry to see you've not received any contributions yet.  Your project looks great.  Keep up the great work.  I will be watching it closely.

I'd like to see an example or tutorial on how to setup a feed on the test net, just so I can play around with it and contribute some bug fixes.

Let's say I want to put out a broadcast with a fee of .01 (or 1% of the bets made on the broadcast) - it would look like this:

python3 counterpartyd.py --rpc-password=PASSWORD broadcast --from=ADDRESS --text=TEXT --fee-multiplier=.01

The text of a broadcast is a string. If you want to publish a value later on, then the syntax is:

python3 counterpartyd.py --rpc-password=PASSWORD broadcast --from=ADDRESS --text=TEXT --fee-multiplier=.01 --value=VALUE

Does that help?

[statdude]

Sorry, I'm totally confused now.

Can you please post the complete steps and requirements for burning?

I would like to give it a go!

I'm sorry, but it's too dangerous to accept burns from just any ol' client: counterpartyd is extremely strict when it comes to how it constructs its transactions so there is no ambiguity in how any given transaction should be interpreted. I would really like to avoid facing the problems that other projects have come up against that are a consequence of having a poorly defined protocol. The Counterparty team is working hard on getting some trusted members of the community on board who would be willing to buy XCP on your behalf. For now, if you can't get counterpartyd running yourself, you'll have to wait to invest.

Can you add me to the list for purchasing XCP (I can't do it myself) - or if anyone trusted is willing to walk me through it, I'd be willing to compensate. Thanks!

[kdrop22]

Sorry, I'm totally confused now.

Can you please post the complete steps and requirements for burning?

I would like to give it a go!

I'm sorry, but it's too dangerous to accept burns from just any ol' client: counterpartyd is extremely strict when it comes to how it constructs its transactions so there is no ambiguity in how any given transaction should be interpreted. I would really like to avoid facing the problems that other projects have come up against that are a consequence of having a poorly defined protocol. The Counterparty team is working hard on getting some trusted members of the community on board who would be willing to buy XCP on your behalf. For now, if you can't get counterpartyd running yourself, you'll have to wait to invest.

Can you add me to the list for purchasing XCP (I can't do it myself) - or if anyone trusted is willing to walk me through it, I'd be willing to compensate. Thanks!

+1
Add me to the purchase list as well.

[romerun]

Don't you think it's a bit rush to launch the coin ? mac wallet not ready/ most ppl don't have txindex=1 and having to reindex and it may take a few days/ etc, creating the situation to have somebody to burn on behalf of somebody. It sounds like an unfair launch.

How about shifting the launch period for another 7 days, make sure everything is ready, ppl who already burnt the coin will get the reward as if it's burnt in the first day.

[LeoC]

Fixed

[konfet]

from win64 installer. Bitcoin is started in test network.

Code:

c:\counterpartyd\counterpartyd.exe
Traceback (most recent call last):
  File "C:\Python33\lib\site-packages\cx_Freeze\initscripts\Console3.py", line 2
7, in <module>
    exec(code, m.__dict__)
  File "C:\counterpartyd_build\dist\counterpartyd\counterpartyd.py", line 413, i
n <module>
    # Check that the database has caught up with bitcoind.
  File "C:\counterpartyd_build\dist\counterpartyd\lib\util.py", line 19, in bitc
oind_check
    block_count = bitcoin.rpc('getblockcount', [])
  File "C:\counterpartyd_build\dist\counterpartyd\lib\bitcoin.py", line 51, in r
pc
    raise exceptions.BitcoindRPCError('Cannot communicate with Bitcoind. (counte
rpartyd is set to run on {}, is Bitcoind?)'.format(network))
lib.exceptions.BitcoindRPCError: Cannot communicate with Bitcoind. (counterparty
d is set to run on testnet, is Bitcoind?)

also tired of writing about errors and do not receive a feedback

[mtbitcoin]

Looking through the posts  .. it looks like quite a number of viewers here are only interested in speculating on XCP with little to no inclination as to how the protocol/client actually works. Well I guess seeing that this is the "Alternate currencies" subforum it is to be expected  

At the moment in order to burn XCP you will effectively need to have full control of the address (private key). Yet, many are willing to place this trust with a 3rd party to burn BTC for XCP on behalf of them .....   And without the ability to send the coins to another address this would mean someone else would have control of your coins for an unforeseeable time (seeing that the latest statment from eligius is that they are not going to process the txns)

-imho-

[xnova]

Don't you think it's a bit rush to launch the coin ? mac wallet not ready/ most ppl don't have txindex=1 and having to reindex and it may take a few days/ etc, creating the situation to have somebody to burn on behalf of somebody. It sounds like an unfair launch.

How about shifting the launch period for another 7 days, make sure everything is ready, ppl who already burnt the coin will get the reward as if it's burnt in the first day.

If we shift the launch period, what about the people who have already contributed? What does that say about fairness, as well as the trust that the community has in the Counterparty team to not shift any requirements, unless absolutely necessary (e.g. major security bug, or some other totally blocking issue), AND, if done, do so in a way that preserves existing stakeholders. Shifting the window would be a major fail on both of those fronts.

The fact is, you guys are not losing out, so don't worry. We are barely three days out from launch, and the bonus is still quite close to the 1500 mark. Also, there now exists a way to burn coins without requiring counterpartyd or any extra software, and documentation is available for burning via blockchain.info (which anyone can do). For instructions on that, see: http://counterpartyd-build.readthedocs.org/en/latest/HowToBurn.html#without-using-counterpartyd

If you are uncomfortable doing any of that, we have a well known and trusted member that will be buying and escrowing XCP on others behalf. I'd rather he announce it when he's ready, but it should be in a day or two.

Regarding the Mac wallet, I will try to make that a priority this week, but given that you can burn without a wallet/counterpartyd (or will soon be able to have someone burn for you), it is much less of an issue, IMO.

Leo: I will respond to your issue shortly (I think I know the problem now, it's an easy one). The build system was working, but we had an unexpected backend library dependency release that broke it. I have modified it to be fixed to a specific version so that shouldn't happen again. This was all done within a day of it being discovered. We are doing our best to be responsive to the community and trying to give everyone a fair chance.

[xnova]

Still couldnt getting run.py to work properly so I am now trying the beta installer, but once again I get an error:


C:\Users\Leo>"C:\Program Files\counterpartyd\counterpartyd.exe"


Could not connect to Bitcoind. Sleeping for five seconds. (Try 0/12)

Bitcoin.conf
rpcuser=rpc
rpcpassword=XXXX
server=1
daemon=1
txindex=1

Counterpartyd.conf
[Default]
rpc-connect=localhost
rpc-port=18832
rpc-user=rpc
rpc-password=XXXX

Tried port 18832 and 8332, same error. I'm getting really close to just giving up

With that bitcoin.conf configuration, your bitcoin server listens on port 8332. Worse case, edit bitcoind.conf, and add the following lines:

Code:

rpcport=8332
port=8333

So given that, that you are not running on testnet, your counterpartyd.conf is configured to listen on the wrong port. With your specified bitcoin.conf file, "rpc-port" in counterpartyd.conf should be "rpc-port=8332", NOT "rpc-port=18832".

Please make those changes, restart both bitcoind/bitcoin-qt and counterpartyd, and let us know if that fixes it.

konfet: Your issue is probably pretty similar to this. Please verify these port numbers, as well as verifying that your bitcoind/bitcoin-qt is actually running, and listening (you can open up a DOS window and run "netstat -an" then search through the list of ports...see if you see those bitcoind ports.

[LeoC]

If I see this does it mean it's working now:

2014-01-04-T11:34:11Pacific Standard Time Burn: 12ZhgyXFYvWRtpwEAV3t8thgTto2yMM5
R6 burned 1.0 BTC for 1465.54545455 XCP (86f56382\u20268ec50a9d)
2014-01-04-T11:34:11Pacific Standard Time Block: 278690
2014-01-04-T11:34:11Pacific Standard Time Burn: 17LntpaSiQL4pa8moojZGRqe8nLsjibZ
fm burned 0.9999 BTC for 1465.308 XCP (d3cce6dd\u20262f95e3ab)
2014-01-04-T11:34:11Pacific Standard Time Burn: 16nUhvJJZifpdWyqni13AWQwm6GGrAci
bp burned 0.9999 BTC for 1465.308 XCP (a8656bb4\u20268b8c621b)
2014-01-04-T11:34:11Pacific Standard Time Burn: 1CNqtdhXUVBgHdPanpUJZd2osFiYSCYY
cR burned 0.99990499 BTC for 1465.31531262 XCP (26f84ab6\u20261088643a)
2014-01-04-T11:34:11Pacific Standard Time Burn: 1CVEtRWVfx7fovcUK94DJB6Vwz7MdkdY
d1 burned 0.99990499 BTC for 1465.31531262 XCP (49f786b0\u20269c50d383)
2014-01-04-T11:34:11Pacific Standard Time Block: 278691
2014-01-04-T11:34:11Pacific Standard Time Burn: 1AKVdmoAUwcdSjwjTiamcUneDNTF1WvW
CE burned 1.0 BTC for 1465.36363636 XCP (0e0decaf\u2026d53d7d2c)
2014-01-04-T11:34:11Pacific Standard Time Burn: 1h9GvFNK3Ccn2Au8C8BHPeaUamQgArvg
K burned 1.0 BTC for 1465.36363636 XCP (a301bbca\u2026b3f6bb35)
2014-01-04-T11:34:11Pacific Standard Time Block: 278692
2014-01-04-T11:34:11Pacific Standard Time Block: 278693
2014-01-04-T11:34:11Pacific Standard Time Block: 278694
2014-01-04-T11:34:11Pacific Standard Time Block: 278695
2014-01-04-T11:34:11Pacific Standard Time Block: 278696
2014-01-04-T11:34:11Pacific Standard Time Block: 278697
2014-01-04-T11:34:11Pacific Standard Time Burn: 12bsGWBQneVK5M8LqrtonubHeKWRj3gZ
2J burned 0.9999 BTC for 1464.6717 XCP (275b9570\u2026196f8934)
2014-01-04-T11:34:11Pacific Standard Time Block: 278698

[xnova]

If I see this does it mean it's working now:

2014-01-04-T11:34:11Pacific Standard Time Burn: 12ZhgyXFYvWRtpwEAV3t8thgTto2yMM5
R6 burned 1.0 BTC for 1465.54545455 XCP (86f56382\u20268ec50a9d)
2014-01-04-T11:34:11Pacific Standard Time Block: 278690
2014-01-04-T11:34:11Pacific Standard Time Burn: 17LntpaSiQL4pa8moojZGRqe8nLsjibZ
fm burned 0.9999 BTC for 1465.308 XCP (d3cce6dd\u20262f95e3ab)
2014-01-04-T11:34:11Pacific Standard Time Burn: 16nUhvJJZifpdWyqni13AWQwm6GGrAci
bp burned 0.9999 BTC for 1465.308 XCP (a8656bb4\u20268b8c621b)
2014-01-04-T11:34:11Pacific Standard Time Burn: 1CNqtdhXUVBgHdPanpUJZd2osFiYSCYY
cR burned 0.99990499 BTC for 1465.31531262 XCP (26f84ab6\u20261088643a)
2014-01-04-T11:34:11Pacific Standard Time Burn: 1CVEtRWVfx7fovcUK94DJB6Vwz7MdkdY
d1 burned 0.99990499 BTC for 1465.31531262 XCP (49f786b0\u20269c50d383)
2014-01-04-T11:34:11Pacific Standard Time Block: 278691
2014-01-04-T11:34:11Pacific Standard Time Burn: 1AKVdmoAUwcdSjwjTiamcUneDNTF1WvW
CE burned 1.0 BTC for 1465.36363636 XCP (0e0decaf\u2026d53d7d2c)
2014-01-04-T11:34:11Pacific Standard Time Burn: 1h9GvFNK3Ccn2Au8C8BHPeaUamQgArvg
K burned 1.0 BTC for 1465.36363636 XCP (a301bbca\u2026b3f6bb35)
2014-01-04-T11:34:11Pacific Standard Time Block: 278692
2014-01-04-T11:34:11Pacific Standard Time Block: 278693
2014-01-04-T11:34:11Pacific Standard Time Block: 278694
2014-01-04-T11:34:11Pacific Standard Time Block: 278695
2014-01-04-T11:34:11Pacific Standard Time Block: 278696
2014-01-04-T11:34:11Pacific Standard Time Block: 278697
2014-01-04-T11:34:11Pacific Standard Time Burn: 12bsGWBQneVK5M8LqrtonubHeKWRj3gZ
2J burned 0.9999 BTC for 1464.6717 XCP (275b9570\u2026196f8934)
2014-01-04-T11:34:11Pacific Standard Time Block: 278698

Yes, it is working. Congrats!! 

[LeoC]

Yay! Now to just transfer some BTC to the wallet

[romerun]

from the burning from blockchain.info wallet instruction

THIS IS VERY IMPORTANT: Under “Change Address”, you must choose the same address as your “To” address.

To address points to 1CounterpartyXXXXXXXXXXXXXXXUWLpVr , so the change address should be 1CounterpartyXXXXXXXXXXXXXXXUWLpVr, but why the screenshot is using "From" address ?

[xibeijan]

I don't think your PoB mining reward schedule offers an attractive investment opportunity.

There's only a linear decrease in reward, so early adopters are not rewarded very much at all.  Worse, the reward only decays down to 1000 XCP/BTC, so even in the latest stage a large-scale investor could obtain a huge sum of XCP.  At least it could have been a linear decrease down to zero.

Thus, I'm not sure, XCP makes a lot of sense for anyone to buy.  Seems like only big players can win here.

Here's a plot of the XCP reward for a 1 BTC investment.  The x-axis is the block number.

http://fooplot.com/#W3sidHlwZSI6MCwiZXEiOiIxMDAwKzUwMCooMjgzODEwLXgpLzU1MDAiLCJjb2xvciI6IiMwMDAwMDAifSx7InR5cGUiOjEwMDAsIndpbmRvdyI6WyIyNzcwNjYuMTUzODQ2MTUzOSIsIjI4MjU2Ni4xNTM4NDYxNTM5IiwiLTMzNjcuMjU0MzYwMDYzOTk5NyIsIjM1MDQuNjkzMzEzNTM2Il19XQ--

Not very inspiring... Maybe I got it wrong?

Anyway, that's just my thought on it.  Perhaps someone could explain how I'm wrong?  If not, then it's still not too late to decrease the reward for late-comers to make things more fair for those who have already invested.

[pmabdsf]

I don't think your PoB mining reward schedule offers an attractive investment opportunity.

There's only a linear decrease in reward, so early adopters are not rewarded very much at all.  Worse, the reward only decays down to 1000 XCP/BTC, so even in the latest stage a large-scale investor could obtain a huge sum of XCP.  At least it could have been a linear decrease down to zero.

Thus, I'm not sure, XCP makes a lot of sense for anyone to buy.  Seems like only big players can win here.

Here's a plot of the XCP reward for a 1 BTC investment.  The x-axis is the block number.

http://fooplot.com/#W3sidHlwZSI6MCwiZXEiOiIxMDAwKzUwMCooMjgzODEwLXgpLzU1MDAiLCJjb2xvciI6IiMwMDAwMDAifSx7InR5cGUiOjEwMDAsIndpbmRvdyI6WyIyNzcwNjYuMTUzODQ2MTUzOSIsIjI4MjU2Ni4xNTM4NDYxNTM5IiwiLTMzNjcuMjU0MzYwMDYzOTk5NyIsIjM1MDQuNjkzMzEzNTM2Il19XQ--

Not very inspiring... Maybe I got it wrong?

Anyway, that's just my thought on it.  Perhaps someone could explain how I'm wrong?  If not, then it's still not too late to decrease the reward for late-comers to make things more fair for those who have already invested.

+1
I was all on board with this when I started the lengthy process of getting ready to burn 1 BTC but after detailed research and thought, I came to the same conclusion.  Why not wait 20-25 days until things are easy, stable, and much more "evaluated" by the community and still get 1000 XCP at that point?

[xibeijan]

Yeah, it should have been an exponential decrease.  I'm definitely holding off until much much later in the game, but maybe they will fix it.

The last thing I'd want is a large-scale investors coming in at the last minute and diluting my investment down to nothing.

[porqupine]

I don't think your PoB mining reward schedule offers an attractive investment opportunity.

There's only a linear decrease in reward, so early adopters are not rewarded very much at all.  Worse, the reward only decays down to 1000 XCP/BTC, so even in the latest stage a large-scale investor could obtain a huge sum of XCP.  At least it could have been a linear decrease down to zero.

Thus, I'm not sure, XCP makes a lot of sense for anyone to buy.  Seems like only big players can win here.

Here's a plot of the XCP reward for a 1 BTC investment.  The x-axis is the block number.

http://fooplot.com/#W3sidHlwZSI6MCwiZXEiOiIxMDAwKzUwMCooMjgzODEwLXgpLzU1MDAiLCJjb2xvciI6IiMwMDAwMDAifSx7InR5cGUiOjEwMDAsIndpbmRvdyI6WyIyNzcwNjYuMTUzODQ2MTUzOSIsIjI4MjU2Ni4xNTM4NDYxNTM5IiwiLTMzNjcuMjU0MzYwMDYzOTk5NyIsIjM1MDQuNjkzMzEzNTM2Il19XQ--

Not very inspiring... Maybe I got it wrong?

Anyway, that's just my thought on it.  Perhaps someone could explain how I'm wrong?  If not, then it's still not too late to decrease the reward for late-comers to make things more fair for those who have already invested.

+1
I was all on board with this when I started the lengthy process of getting ready to burn 1 BTC but after detailed research and thought, I came to the same conclusion.  Why not wait 20-25 days until things are easy, stable, and much more "evaluated" by the community and still get 1000 XCP at that point?

If I may, I do think the intent was to release a working protocol and to encourage people to use it -and Not to create something where someone who was watching the forums more intently, or was tipped off as an insider for example, could get in to merely multiply their money at the expense of others.

I am aware that most people browsing alt-currency forums may very well be people looking to "make money out of thin air" if you will, on account of being early investors in something (having missed the early investment into bitcoin per say), without much caring as to what something does, or whether it offers any kind of potential benefit to others, or mankind at large. While this approach may in fact make a select number of people rich, nevertheless I think it is ultimately detrimental to the acceptance and development of digital monetization and finance in the broader sense.

[pmabdsf]

If I may, I do think the intent was to release a working protocol and to encourage people to use it -and Not to create something where someone who was watching the forums more intently, or was tipped off as an insider for example, could get in to merely multiply their money at the expense of others.

I am aware that most people browsing alt-currency forums may very well be people looking to "make money out of thin air" if you will, on account of being early investors in something (having missed the early investment into bitcoin per say), without much caring as to what something does, or whether it offers any kind of potential benefit to others, or mankind at large. While this approach may in fact make a select number of people rich, nevertheless I think it is ultimately detrimental to the acceptance and development of digital monetization and finance in the broader sense.

I understand what you are saying but disagree.  I'm not looking for a quick 100,000% profit; just a smart investment in a good vehicle.  But, what is the incentive for me to invest right now as opposed to 3 weeks from now?  1,470 XCP instead of 1,000? 

As days and weeks pass, theoretically the risk will go down exponentially.  Why should the reward remain largely the same?

[NewLiberty]

If I may, I do think the intent was to release a working protocol and to encourage people to use it -and Not to create something where someone who was watching the forums more intently, or was tipped off as an insider for example, could get in to merely multiply their money at the expense of others.

I am aware that most people browsing alt-currency forums may very well be people looking to "make money out of thin air" if you will, on account of being early investors in something (having missed the early investment into bitcoin per say), without much caring as to what something does, or whether it offers any kind of potential benefit to others, or mankind at large. While this approach may in fact make a select number of people rich, nevertheless I think it is ultimately detrimental to the acceptance and development of digital monetization and finance in the broader sense.

I understand what you are saying but disagree.  I'm not looking for a quick 100,000% profit; just a smart investment in a good vehicle.  But, what is the incentive for me to invest right now as opposed to 3 weeks from now?  1,470 XCP instead of 1,000? 

As days and weeks pass, theoretically the risk will go down exponentially.  Why should the reward remain largely the same?

Are you discounting the reward of just the building and using counterparty.
If your endeavor can make use of it, having a few weeks head start on that can be worth more than +50%

[PhantomPhreak]

from the burning from blockchain.info wallet instruction

THIS IS VERY IMPORTANT: Under “Change Address”, you must choose the same address as your “To” address.

To address points to 1CounterpartyXXXXXXXXXXXXXXXUWLpVr , so the change address should be 1CounterpartyXXXXXXXXXXXXXXXUWLpVr, but why the screenshot is using "From" address ?

That was a mistake. I just fixed it. (It should be 'From'.)