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

[btc4ever]

answering my own question:

Asset Name: XCP
Asset ID: 1
Total Issued: 653967.10719604
Divisible: True
Issuer: None

so how many XCP total issued so far?

[1715067732]

1715067732

[1715067732]

1715067732

[btc4ever]

For comparison, mastercoin issued 563,162.

[BldSwtTrs]

For comparison, mastercoin issued 563,162.

Btw what became bitcoins sent for mastercoin funding ?

[MsCollec]

I have a noob question, I burn some BTC through blockchain.info, how can i claim my XCP and is it possible to claim it after the burn period has ended?

[doitnow]

I have a noob question, I burn some BTC through blockchain.info, how can i claim my XCP and is it possible to claim it after the burn period has ended?

Perhaps we may need to wait until wallet will be released. Months? /Years?

[PhantomPhreak]

I have a noob question, I burn some BTC through blockchain.info, how can i claim my XCP and is it possible to claim it after the burn period has ended?

Perhaps we may need to wait until wallet will be released. Months? /Years?

The wallet software has already been released...

There's no need to 'claim' XCP that you earn through burning: it is automatically credited to your address.

[MsCollec]

I have a noob question, I burn some BTC through blockchain.info, how can i claim my XCP and is it possible to claim it after the burn period has ended?

Perhaps we may need to wait until wallet will be released. Months? /Years?

The wallet software has already been released...

There's no need to 'claim' XCP that you earn through burning: it is automatically credited to your address.

Yep just to clarify, i read in the thread about claiming XCP. Thanks

[peled1986]

For comparison, mastercoin issued 563,162.

The initial value for mastercoins came out of the fundraiser "anchoring". People were willing to "sacrifice" 1 BTC in exchange for about 100 MSC, so it anchored the initial value of MSC in at least 0.01 BTC per MSC.

XCP has the initial value of 0.001 BTC per XCP

[peled1986]

PhantomPhreak don't you think its important to have "reward XCP" to be able to pay developers?

for example in the case of MSC: 10% of the total  619478 MSC are "reward mastercoins" granted to the MasterCoin foundation over the years following launch. The formula for percent vested is: 1-(0.5^y) where y is the number of years since launch, including partial years.

[doitnow]

I have a noob question, I burn some BTC through blockchain.info, how can i claim my XCP and is it possible to claim it after the burn period has ended?

Perhaps we may need to wait until wallet will be released. Months? /Years?

The wallet software has already been released...

There's no need to 'claim' XCP that you earn through burning: it is automatically credited to your address.

Is it fully functional? May I download it?

[allwelder]

@PhantomPhreak

Hello,when I saw your XCP,I was surprised to find that it's characterized is very similar to my previous thoughts.
This is my  postings at December 26.
https://bitcointalk.org/index.php?topic=385739.msg4154105#msg4154105
Maybe a coincidence?

should be coincidence .

[xnova]

I have a noob question, I burn some BTC through blockchain.info, how can i claim my XCP and is it possible to claim it after the burn period has ended?

Perhaps we may need to wait until wallet will be released. Months? /Years?

The wallet software has already been released...

There's no need to 'claim' XCP that you earn through burning: it is automatically credited to your address.

Is it fully functional? May I download it?

The wallet he's referring to is counterpartyd itself. It is command line for now, but GUI and/or web wallets (which will work on top of counterpartyd) will be forthcoming at some point in the future.

[SyRenity]

Hi,

Is there any solid guide how to send some funds, without risking loosing them?

Btw, is BitcoinQT the only way to burn, any plans for a web-wallet support?

Thanks .

[PhantomPhreak]

Hi,

Is there any solid guide how to send some funds, without risking loosing them?

Btw, is BitcoinQT the only way to burn, any plans for a web-wallet support?

Thanks .

You can send funds using counterpartyd only on testnet, until Bitcoin 0.9 comes out.

You cannot (easily) burn safely with BitcoinQT.

A web-wallet is certainly something that we might work on in the near future.

[btc4ever]

Has anyone created a mastercoin / nxt / counterparty comparison matrix?

I think that would be a helpful thing for investors.


One thing I'm not clear on, mastercoin also claims to have a distributed exchange.    Has anyone here used it?   How is it similar / different to the exchange in counteryparty?

[kdrop22]

PhantomPhreak don't you think its important to have "reward XCP" to be able to pay developers?

for example in the case of MSC: 10% of the total  619478 MSC are "reward mastercoins" granted to the MasterCoin foundation over the years following launch. The formula for percent vested is: 1-(0.5^y) where y is the number of years since launch, including partial years.

Thanks PhantomPhreak, xnova for developing this coin in your own time and rendering this service to the community. However, I think we should also have some portion of coins allocated to future development bounties (e.g., 2% per year), with community based voting of project allocation and control of funds etc...  This will ensure that the product stays fresh and we are not limited by any sort of resource or time constraints.
2% is a small price to pay for the assurance that the project will be well funded and stay updated with time.

[SyRenity]

Hi,

Is there any solid guide how to send some funds, without risking loosing them?

Btw, is BitcoinQT the only way to burn, any plans for a web-wallet support?

Thanks .

You can send funds using counterpartyd only on testnet, until Bitcoin 0.9 comes out.

You cannot (easily) burn safely with BitcoinQT.

A web-wallet is certainly something that we might work on in the near future.

I think I already figured it out reading the counterpartyd manual, so basically I point BitcoinQT to counterpartyd and pass the transaction through it?

[jimhsu]

PhantomPhreak don't you think its important to have "reward XCP" to be able to pay developers?

for example in the case of MSC: 10% of the total  619478 MSC are "reward mastercoins" granted to the MasterCoin foundation over the years following launch. The formula for percent vested is: 1-(0.5^y) where y is the number of years since launch, including partial years.

Thanks PhantomPhreak, xnova for developing this coin in your own time and rendering this service to the community. However, I think we should also have some portion of coins allocated to future development bounties (e.g., 2% per year), with community based voting of project allocation and control of funds etc...  This will ensure that the product stays fresh and we are not limited by any sort of resource or time constraints.
2% is a small price to pay for the assurance that the project will be well funded and stay updated with time.

It's pretty obvious from a cursory glance that the devs have at least 4 BTC invested in this project, if not more. Also, they do have a donation address if you feel inclined to contribute to bounties...

[plasm]

@PhantomPhreak

Hello,when I saw your XCP,I was surprised to find that it's characterized is very similar to my previous thoughts.
This is my  postings at December 26.
https://bitcointalk.org/index.php?topic=385739.msg4154105#msg4154105
Maybe a coincidence?

should be coincidence .

We don't know whether it was a coincidence.I am considering the issue of copyright.

[BitThink]

@PhantomPhreak

Hello,when I saw your XCP,I was surprised to find that it's characterized is very similar to my previous thoughts.
This is my  postings at December 26.
https://bitcointalk.org/index.php?topic=385739.msg4154105#msg4154105
Maybe a coincidence?

should be coincidence .

Yes, proof of burn was proposed long before last December. The value of this project is not just the proof by burn, but also the workable exchange and open source.