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

[PhantomPhreak]

How does XCP improve on Bitshares (Mastercoin to a lesser degree)? As those are similar concepts. What advantages does XCP have? What are core differences?

Main feature is XCP has features working right now, and everyone else is mostly just talk. I will acknowledge when they release features, but so far MSC only has simple send in 6 months, whereas XCP has its core already developed in less than 1. XCP will also have a client released soon.

Does Counterparty use price feeds or is price discovery solely marked based (like with Bitshares)?

Any info on that?

Counterparty uses feeds. I don't see how market-based price discovery isn't susceptible to clandestine manipulation (but I don't know how Bitshares does it).

[delulo]

How does XCP improve on Bitshares (Mastercoin to a lesser degree)? As those are similar concepts. What advantages does XCP have? What are core differences?

Main feature is XCP has features working right now, and everyone else is mostly just talk. I will acknowledge when they release features, but so far MSC only has simple send in 6 months, whereas XCP has its core already developed in less than 1. XCP will also have a client released soon.

Does Counterparty use price feeds or is price discovery solely marked based (like with Bitshares)?

Any info on that?

Counterparty uses feeds. I don't see how market-based price discovery isn't susceptible to clandestine manipulation (but I don't know how Bitshares does it).

As long as it works (everyone follows the underlying asset price) you would harm yourself long term manipulating the price because it is too costly...

[schwillyshill]

I cannot place any orders using counterpartyd to buy XCP.

Here is what I do:

Code:

 ./counterpartyd.py --bitcoind-rpc-user bitcoin --bitcoind-rpc-password password order --from=1M3wvBm31kVJkzA5A2KwhWws7YGq9AYsKv --get-quantity=10 --get-asset=XCP --give-quantity=0.01 --give-asset=BTC --expiration 12
Starting new HTTP connection (1): localhost
Confirm? (y/N) y
"7bc8abe41a55f06a02fdc7dfc9894100802a2e810a4694e058c36ba20e279496"

You don't see the transaction in the unconfirmed part of blockchain.info, you see it in the rejected transactions page for reason of "nonstandard transaction".

Code:

bitcoind decoderawtransaction 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
{
    "txid" : "7bc8abe41a55f06a02fdc7dfc9894100802a2e810a4694e058c36ba20e279496",
    "version" : 1,
    "locktime" : 0,
    "vin" : [
        {
            "txid" : "244323fe4ccf6380b47117f1fcbf41e05c6a016dbd0f69e58c3e0ca9e6cc4e9f",
            "vout" : 2,
            "scriptSig" : {
                "asm" : "3044022044af03742cdd578bf74c0d9e49a5c7c43c488676b66d1beefadf737105d305670220339942fddc4943c4090fa0fd2550a4ec45c8192689f304c7e08125b0cb9621c401 03868c14a2e6dde19d85e9b210654eb56242d3cf502d293302856af6138783d11d",
                "hex" : "473044022044af03742cdd578bf74c0d9e49a5c7c43c488676b66d1beefadf737105d305670220339942fddc4943c4090fa0fd2550a4ec45c8192689f304c7e08125b0cb9621c4012103868c14a2e6dde19d85e9b210654eb56242d3cf502d293302856af6138783d11d"
            },
            "sequence" : 4294967295
        }
    ],
    "vout" : [
        {
            "value" : 0.00010860,
            "n" : 0,
            "scriptPubKey" : {
                "asm" : "1 03868c14a2e6dde19d85e9b210654eb56242d3cf502d293302856af6138783d11d 20434e5452505254590000000a000000000000000000000000000f424000000000 2 OP_CHECKMULTISIG",
                "hex" : "512103868c14a2e6dde19d85e9b210654eb56242d3cf502d293302856af6138783d11d2120434e5452505254590000000a000000000000000000000000000f42400000000052ae",
                "reqSigs" : 1,
                "type" : "multisig",
                "addresses" : [
                    "1M3wvBm31kVJkzA5A2KwhWws7YGq9AYsKv",
                    "1HT7xU2Ngenf7D4yocz2SAcnNLW7rK8d4E"
                ]
            }
        },
        {
            "value" : 0.00010860,
            "n" : 1,
            "scriptPubKey" : {
                "asm" : "1 03868c14a2e6dde19d85e9b210654eb56242d3cf502d293302856af6138783d11d 1600000001000000003b9aca00000c000000000000000000000000000000000000 2 OP_CHECKMULTISIG",
                "hex" : "512103868c14a2e6dde19d85e9b210654eb56242d3cf502d293302856af6138783d11d211600000001000000003b9aca00000c00000000000000000000000000000000000052ae",
                "reqSigs" : 1,
                "type" : "multisig",
                "addresses" : [
                    "1M3wvBm31kVJkzA5A2KwhWws7YGq9AYsKv",
                    "1HT7xU2Ngenf7D4yocz2SAcnNLW7rK8d4E"
                ]
            }
        },
        {
            "value" : 0.05236981,
            "n" : 2,
            "scriptPubKey" : {
                "asm" : "OP_DUP OP_HASH160 dbf130a382d9874f4af9e4925eec0dcbe254b198 OP_EQUALVERIFY OP_CHECKSIG",
                "hex" : "76a914dbf130a382d9874f4af9e4925eec0dcbe254b19888ac",
                "reqSigs" : 1,
                "type" : "pubkeyhash",
                "addresses" : [
                    "1M3wvBm31kVJkzA5A2KwhWws7YGq9AYsKv"
                ]
            }
        }
    ]
}

[schwillyshill]

strange it made it to a block, nevermind

[cityglut]

How does XCP improve on Bitshares (Mastercoin to a lesser degree)? As those are similar concepts. What advantages does XCP have? What are core differences?

Main feature is XCP has features working right now, and everyone else is mostly just talk. I will acknowledge when they release features, but so far MSC only has simple send in 6 months, whereas XCP has its core already developed in less than 1. XCP will also have a client released soon.

Does Counterparty use price feeds or is price discovery solely marked based (like with Bitshares)?

Any info on that?

Counterparty uses feeds. I don't see how market-based price discovery isn't susceptible to clandestine manipulation (but I don't know how Bitshares does it).

As long as it works (everyone follows the underlying asset price) you would harm yourself long term manipulating the price because it is too costly...

But if a whale or several large holders do not follow the underlying asset price, then it is not too costly to manipulate the price. Without commenting on Bitshares in particular (as I do not know the details of their implementation), it seems that the currency in which market-based price discovery is made needs to be sufficiently evenly-distributed before manipulation is disadvantageous.

[romerun]

one sketchy thing about the approach to connect the script to bitcoind is

if somehow trojans get into counterpartyd, they can do damage to the entire btc wallet,

it might be worth an effort to create new wallet containing only your XCP addresses with some small amount of coins in it before letting counterpartyd connect to

[OTK47]

Hi guys, I had some xcp at an address and they showed up on blockscan until recently. Checked blockscan just now and they are gone. Do they still exist at the address or have I lost them for good? If so can anyone explain why they might be gone? Thanks

[Patel]

Hi guys, I had some xcp at an address and they showed up on blockscan until recently. Checked blockscan just now and they are gone. Do they still exist at the address or have I lost them for good? If so can anyone explain why they might be gone? Thanks

They are there.. there is a notice on blockscan.com that says they are rebuilding the database.

[OTK47]

Hi guys, I had some xcp at an address and they showed up on blockscan until recently. Checked blockscan just now and they are gone. Do they still exist at the address or have I lost them for good? If so can anyone explain why they might be gone? Thanks

They are there.. there is a notice on blockscan.com that says they are rebuilding the database.

Thanks

[relm9]

one sketchy thing about the approach to connect the script to bitcoind is

if somehow trojans get into counterpartyd, they can do damage to the entire btc wallet,

it might be worth an effort to create new wallet containing only your XCP addresses with some small amount of coins in it before letting counterpartyd connect to

well the code is open, any malicious stuff would be instantly discovered.

That said to be on the safe side having a separate BTC wallet just for XCP is probably good practice, it's what I did, since who knows if a bug will accidentally empty your BTC wallet or something (highly unlikely but possible).

[nathan_kia]

is the burn period over ? I am willing to burn some more but the guide about how to burn is removed from here http://counterpartyd-build.readthedocs.org/

[schwillyshill]

I placed this order,

Code:

|        0.01        |    BTC     |     10.0     |    XCP    |           0.0010          |    BTC/XCP     | 0.0001 |     2     | 7bc8abe4...0e279496 |

Code:

Order: sell 0.01 BTC for 10.0 XCP at 1000.0000 XCP/BTC in 12 blocks with a provided fee of 0.0001 BTC (7bc8abe4...0e279496)

There is nothing in the "Order Matches Awaiting BTC Payment" section of the output to the "wallet" command of counterpartyd.

Why doesn't it match this order?

Code:

|         1.0         |    XCP     |    0.001     |    BTC    |           0.0010          |    BTC/XCP     | 0.0001 |    7418   | 42b4a564...1786e30e |

[PhantomPhreak]

I placed this order,

Code:

|        0.01        |    BTC     |     10.0     |    XCP    |           0.0010          |    BTC/XCP     | 0.0001 |     2     | 7bc8abe4...0e279496 |

Code:

Order: sell 0.01 BTC for 10.0 XCP at 1000.0000 XCP/BTC in 12 blocks with a provided fee of 0.0001 BTC (7bc8abe4...0e279496)

There is nothing in the "Order Matches Awaiting BTC Payment" section of the output to the "wallet" command of counterpartyd.

Why doesn't it match this order?

Code:

|         1.0         |    XCP     |    0.001     |    BTC    |           0.0010          |    BTC/XCP     | 0.0001 |    7418   | 42b4a564...1786e30e |

I'm looking into this.

[qxzn]

If you burn from a blockchain.info wallet, how do you then gain access to your XCP?

[Patel]

If you burn from a blockchain.info wallet, how do you then gain access to your XCP?

import the private keys into bitcoin-qt, and install counterpartyd to use XCP

[cityglut]

mtbitcoin,

Thanks for all of your hard work; blockscan.com is a great resource. This is on behalf of the Counterparty Team  :

Code:

python3 counterpartyd.py send --from=1GriQ4FcAve4nd3zu5jbK4budArtnwQRQu --to=1bLockjTFXuSENM8fGdfNUaWqiM4GPe7V --quantity=1000 --asset=XCP
Confirm? (y/N) y
"07d8934d8798c1929dd6657fdb2ac0682ef01c85a8a99d2b8b2d13dddda4658c"

[mtbitcoin]

Hi guys, I had some xcp at an address and they showed up on blockscan until recently. Checked blockscan just now and they are gone. Do they still exist at the address or have I lost them for good? If so can anyone explain why they might be gone? Thanks

They are there.. there is a notice on blockscan.com that says they are rebuilding the database.

Thanks

We are updated with the latest block running version 6 of counterparty db.

Cheers

[nathan_kia]

is the burn period over ?
why the guid about how to burn is removed from the website ?

[Patel]

is the burn period over ?
why the guid about how to burn is removed from the website ?

burn period is still in effect. ends at block 2838xx

[xnova]

is the burn period over ?
why the guid about how to burn is removed from the website ?

http://counterpartyd.readthedocs.org/en/latest/HowToBurn.html