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

[SyRenity]

Did everyone see this announcement?

Are there questions about what was launched on yesterday?

Yep, will appreciate that in layman terms.

[1714779570]

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[becherovka]

Did everyone see this announcement?

Are there questions about what was launched on yesterday?

Yep, will appreciate that in layman terms.

Yes. it means that Counterparty no longer needs to wait on Bitcoin 0.9. You can now do the following and mainnet with the XCP you received after you burned your BTC. It is possible to start using Counterparty protocol features as they were outlined at the launch on January 2nd.

The following features are implemented and (mostly) working:

• Send: XCP or user-created assets using mainnet, right this very moment.
• User-Created Assets: Issue user‐defined currencies/assets and pay dividends on them. You may now issue user-defined currencies/assets on Counterparty using mainnet.
• Distributed Exchange: Trade XCP, BTC or any asset with any other. Although there's no GUI as yet, you may now trade assets, on mainnet, using Counterparty.
• Betting, Financial Derivatives: Make bets, or construct contracts for difference, on the numerical value of a feed. You may now construct, make bets or do the same with contracts on the numerical value of a feed.

NOTE: There is no need to wait for Eligius or for Bitcoin v 0.9. if you wish to start building your applications and using them on mainnet, you can do so.

[jimhsu]

If people want to provide their addresses, I want to test transactions by sending them some TEST (lol). Until my bitcoins run out from all the fees ... lol.

BTC/XCP tips appreciated.

If you want to send some test coins, you are most welcomed  

1L5dKm5ftLfiMBjq3yZDJMgr365J5SHkUC

Here you go, have some TEST :p

C:\Program Files\counterpartyd>counterpartyd address 1L5dKm5ftLfiMBjq3yZDJMgr365J5SHkUC
Balances
+-------+--------+
| Asset | Amount |
+-------+--------+
|  BTC  |     |
|  TEST |   50   |
+-------+--------+

Did everyone see this announcement?

Are there questions about what was launched on yesterday?

Yep, will appreciate that in layman terms.

Yes. it means that Counterparty no longer needs to wait on Bitcoin 0.9. You can now do the following and mainnet with the XCP you received after you burned your BTC. It is possible to start using Counterparty protocol features as they were outlined at the launch on January 2nd.

The following features are implemented and (mostly) working:

• Send: XCP or user-created assets using mainnet, right this very moment.
• User-Created Assets: Issue user‐defined currencies/assets and pay dividends on them. You may now issue user-defined currencies/assets on Counterparty using mainnet.
• Distributed Exchange: Trade XCP, BTC or any asset with any other. Although there's no GUI as yet, you may now trade assets, on mainnet, using Counterparty.
• Betting, Financial Derivatives: Make bets, or construct contracts for difference, on the numerical value of a feed. You may now construct, make bets or do the same with contracts on the numerical value of a feed.

NOTE: There is no need to wait for Eligius or for Bitcoin v 0.9. if you wish to start building your applications and using them on mainnet, you can do so.

I can confirm that pretty much everything (sending, receiving, orders, issuance) is working. (I've been busy as you can see on blockscan.com).

[becherovka]

Did everyone see this announcement?

Are there questions about what was launched on yesterday?

Yep, will appreciate that in layman terms.

Yes. it means that Counterparty no longer needs to wait on Bitcoin

I can confirm that pretty much everything (sending, receiving, orders, issuance) is working. (I've been busy as you can see on blockscan.com).

Nice. Maybe it's time to start a new P2P Dice application...

[SyRenity]

• User-Created Assets: Issue user‐defined currencies/assets and pay dividends on them. You may now issue user-defined currencies/assets on Counterparty using mainnet.

So it means we can build DAC's on this right now? Any API upcoming?

[becherovka]

• User-Created Assets: Issue user‐defined currencies/assets and pay dividends on them. You may now issue user-defined currencies/assets on Counterparty using mainnet.

So it means we can build DAC's on this right now? Any API upcoming?

Good question: What would you need to build a DAC on Counterparty? This would be helpful to note here.

[SyRenity]

Good question: What would you need to build a DAC on Counterparty? This would be helpful to note here.

You are one of the core dev's? I'd like to PM then.

[wizzardTim]

So, the new windows installer just creates the .exe in Program Files directory?

No longer need to run the run.py script?


I had the previous version of the installer and now installed the new. I ran the .exe and the whole db is downloaded again from the start! Why?

[becherovka]

Good question: What would you need to build a DAC on Counterparty? This would be helpful to note here.

You are one of the core dev's? I'd like to PM then.

Not a core dev so you may wish to wait until they are online and you can PM them your details.

[SyRenity]

We may need to switch to destroying coins by sending them to an unspendable address.

By the way, any way to verify this?

[xnova]

The transaction seemed to go through, but I am stuck with Status: 0/unconfirmed without any broadcasts for about 20 minutes so far. Bitcoin-qt is well connected (10 active connections). How long does it take typically?
It did actually go through, though not for 30 minutes.


Also, more error reports:

1. rpc-user and rpc-password should be prefixed with "bitcoind-" in the autogenerated config from the installer. Or at least make that part of it clear.
2. I still get the u2026 unicode errors in windows when doing "counterpartyd market".

Open Orders
Traceback (most recent call last):
  File "counterpartyd.py", line 608, in <module>
    market(args.give_asset, args.get_asset)
  File "counterpartyd.py", line 41, in market
    print(str(table.get_string(sortby='Price')))
  File "c:\Python33\lib\encodings\cp437.py", line 19, in encode
    return codecs.charmap_encode(input,self.errors,encoding_map)[0]
UnicodeEncodeError: 'charmap' codec can't encode character '\u2026' in position
483: character maps to <undefined>

This worked before (albeit being blank), so obviously some of the new transactions that have come up in the last day are causing this error.

Thanks for these bug reports! Installer has been updated (new windows binary is available), and this unicode bug should have been fixed. Thanks.

[becherovka]

We may need to switch to destroying coins by sending them to an unspendable address.

By the way, any way to verify this?

Here's the quote from the first page of the project.

To get a rough idea of how many BTC have been burned so far, see https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr. Note that this page may show some false positives. You cannot just send bitcoins to that address with any client and expect to have them be properly burned. For more instructions on how to burn, e.g. with a Blockchain.info wallet, see Read The Docs.

[xnova]

We may need to switch to destroying coins by sending them to an unspendable address.

By the way, any way to verify this?

Here's the quote from the first page of the project.

To get a rough idea of how many BTC have been burned so far, see https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr. Note that this page may show some false positives. You cannot just send bitcoins to that address with any client and expect to have them be properly burned. For more instructions on how to burn, e.g. with a Blockchain.info wallet, see Read The Docs.

Also, see www.blockscan.com

[Anotheranonlol]

We may need to switch to destroying coins by sending them to an unspendable address.

By the way, any way to verify this?

If you are asking how to verify (or at least know with high probability) that the coins are destroyed and actually unspendable:

https://bitcointalk.org/index.php?topic=395761.msg4317890#msg4317890
https://bitcointalk.org/index.php?topic=395761.msg4396187#msg4396187

If you are asking how to verify you have correctly burned, simply search the address you send from.

http://www.blockscan.com/ or http://www.counterparty-explorer.com/

[jimhsu]

The transaction seemed to go through, but I am stuck with Status: 0/unconfirmed without any broadcasts for about 20 minutes so far. Bitcoin-qt is well connected (10 active connections). How long does it take typically?
It did actually go through, though not for 30 minutes.


Also, more error reports:

1. rpc-user and rpc-password should be prefixed with "bitcoind-" in the autogenerated config from the installer. Or at least make that part of it clear.
2. I still get the u2026 unicode errors in windows when doing "counterpartyd market".

Open Orders
Traceback (most recent call last):
  File "counterpartyd.py", line 608, in <module>
    market(args.give_asset, args.get_asset)
  File "counterpartyd.py", line 41, in market
    print(str(table.get_string(sortby='Price')))
  File "c:\Python33\lib\encodings\cp437.py", line 19, in encode
    return codecs.charmap_encode(input,self.errors,encoding_map)[0]
UnicodeEncodeError: 'charmap' codec can't encode character '\u2026' in position
483: character maps to <undefined>

This worked before (albeit being blank), so obviously some of the new transactions that have come up in the last day are causing this error.

Thanks for these bug reports! Installer has been updated (new windows binary is available), and this unicode bug should have been fixed. Thanks.

Confirmed fixed. Great job w/ the updates.

All that's left is a blockchain.info style wallet ... take your time with that though.

Update: the "get quantity" values for XCP/BTC transactions looks a bit weird though. Almost as if the values have been shifted by 1E-8. However my TEST/XCP order looks correct. Issue w/ divisibility?
NB: the issue seems to be with "get quantity" and "price", but "give quantity" column looks correct.

[SyRenity]

If you are asking how to verify (or at least know with high probability) that the coins are destroyed and actually unspendable:

https://bitcointalk.org/index.php?topic=395761.msg4317890#msg4317890
https://bitcointalk.org/index.php?topic=395761.msg4396187#msg4396187

Thanks, this exactly what I wanted to know.

[SyRenity]

Any chance the BTC mining collective would simply block XCP (and MSC) transactions altogether, making the whole protocol useless?

[panonym]

Here we are \o/
1'000'000 XCP created

In other news, 16GB dedicated servers can be had for not much more than $20/month these days (albeit a very special deal on lowendbox). (Yes, a real dedicated, KVM and power management and all).

Isn't there a huge trust issue with dedicated server?
I mean, I will have to have my encrypted wallet there, and enter the password many times...
Any solution that guarantee exclusive access & 100% security on that matter?
I have in mind that if someone has physical access, then it's not secure.
Glad to learn more about it.

[about feed/bet trust-issue as it is currently implemented]

Agree with your point.
However, centralized feeds seem to be the only workable option right now.
[...]
If you have an alternative model, please feel free to propose it.

'might have.
I will need time to polish the idea, think how to actually implement it, and text it.
It will probably be something in the idea on my MSH project, adapted for betting.
Therefore coding from the dev unavoidable.
MSH, TSH, BSH : many ideas. But I kind of feel none will be implemented... We'll see.
Keep you posted.

[jimhsu]

Here we are \o/
1'000'000 XCP created

In other news, 16GB dedicated servers can be had for not much more than $20/month these days (albeit a very special deal on lowendbox). (Yes, a real dedicated, KVM and power management and all).

Isn't there a huge trust issue with dedicated server?
I mean, I will have to have my encrypted wallet there, and enter the password many times...
Any solution that guarantee exclusive access & 100% security on that matter?

Well, obviously; I assume that the counterpartyd instance running on your VPS/dedicated doesn't have your actual wallet on there. That would be on your own computer.

Well, created and matched my own order. Hope it goes through and gives some useful data points to implement actual transaction viewing on blockscan.com.

[panonym]

About dedicated server

Well, obviously; I assume that the counterpartyd instance running on your VPS/dedicated doesn't have your actual wallet on there. That would be on your own computer.

Hum... On my computer in order to run counterpartyd, I must have a bitcoind running in the backgroud.
And for it to run, it need a wallet.
Therefore yes, my wallet would need to be on this dedicated server.
I don't see how it can work otherwise.

(on the meantime, someone uploading the XCP database would resolve my main problem.)
('guess +4h isn't that much after days and days... 'afraid a new DB will be needed if soft is changed on v0.9 out)